Document:

EX-4.4

 Exhibit 4.4 
 INVESTOR RIGHTS AGREEMENT 
 THIS INVESTOR RIGHTS AGREEMENT (this
“Agreement”) is entered into as of                     , 2013, by and among (i) Ryerson Holding Corporation, a Delaware
corporation (the “Company”), (ii) Platinum Equity Capital Partners, L.P., a Delaware limited partnership (“PE”), (iii) Platinum Equity Capital Partners-PF, L.P., a Delaware limited partnership
(“PE-PF”), (iv) Platinum Equity Capital Partners-A, L.P., a Delaware limited partnership (“PE-A”), (v) Platinum Equity Capital Partners II, L.P., a Delaware limited partnership (“PE II”),
(vi) Platinum Equity Capital Partners-PF II, L.P., a Delaware limited partnership (“PE-PF II”), (vii) Platinum Equity Capital Partners-A II, L.P., a Delaware limited partnership (“PE-A II”), and
(viii) Platinum Rhombus Principals, LLC, a Delaware limited liability company (“Rhombus Principals”, and together with PE, PE-PF, PE-A, PE II, PE-PF II and PE-A II, “Platinum”). Certain terms used herein are
defined in Section 4. 
 W I T N E S S E T H: 

WHEREAS, the parties hereto wish to agree to certain rights with respect to the registration of securities held by Platinum under the
Securities Act of 1933, as amended (the “Securities Act”). 
 NOW, THEREFORE, in consideration of the mutual
covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1. Demand Registration Rights. 
 (a) Unless Section 3 herein is otherwise applicable, at any time after the date that is one hundred and eighty (180) days after the closing of the Company’s first underwritten
public offering of its Shares (other than a registration (1) relating to employee benefit plans or (2) solely relating to shares to be sold under Rule 145 or a similar provision under the Securities Act), if Platinum requests in writing
that the Company file a registration statement under the Securities Act for a firm commitment underwritten public offering of not less than 10% of Registrable Securities then outstanding (or any lesser percentage if the anticipated aggregate
offering price of such offering, net of underwriting discounts and commissions, exceeds $20,000,000), the Company shall, within 10 days of receiving the written request for registration, use its commercially reasonable efforts to so register under
the Securities Act such Registrable Securities requested to be registered. The Company shall not be obligated to effect more than two such demand registrations requested by Platinum. 

(b) If the Company includes in any registration required under this Section 1 a number of shares other than
Platinum’s Registrable Securities that exceeds the number of Platinum’s Registrable Securities to be included, then such registration, as to Platinum, shall be deemed to be a registration under Section 2 instead of this
Section 1. In all other cases where the Company includes in such registration any shares other than Platinum’s Registrable Securities, such registration shall remain subject to this Section 1, provided that in no
event shall other shares (of persons other than the Company) be included if such inclusion would (i) prevent Platinum from registering all Registrable Securities requested by it or (ii) adversely affect the offering price of
Platinum’s Registrable Securities in such registration. 

 (c) It is a condition precedent to the obligations of the Company to take any action
pursuant to this Section 1 that Platinum furnish to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of such securities as shall be reasonably and customarily
required to effect the registration of its Registrable Securities. 
 2. Piggyback Registration Rights. 

(a) Whenever the Company proposes to register any equity securities for its own or others’ account under the Securities Act
(other than a registration (1) relating to employee benefit plans or (2) solely relating to shares to be sold under Rule 145 or a similar provision under the Securities Act), the Company shall give Platinum prompt written notice of its
intent to do so. Upon the written request of Platinum given within 10 business days after receipt of such notice, the Company shall include in such registration all Registrable Securities that Platinum shall request; provided that the Company
shall have the right to postpone, delay, cancel, withdraw or terminate any registration made under this Section 2, whether or not Platinum has elected to include such securities in such registration. 

(b) If the Company is advised in writing in good faith by any managing underwriter of the securities being offered pursuant to
any registration statement under this Section 2 that, because of marketing considerations, the number of shares to be sold by the Company and Platinum is greater than the number of such shares that can be offered without adversely
affecting the offering, then the equity securities proposed to be included in such registration shall be registered in accordance with the following priorities: (i) all shares sought to be registered by the Company will be registered first and
(ii) all of the shares sought to be sold by Platinum shall be registered second, and in the case of (ii), such number of shares to be sold shall, if necessary, be reduced to a number deemed satisfactory by such managing underwriter. 

3. Form S-3 Registration Rights. Following the closing of the Company’s first underwritten public offering of its Shares
(other than a registration (1) relating to employee benefit plans or (2) solely relating to shares to be sold under Rule 145 or a similar provision under the Securities Act), the Company shall use its commercially reasonable efforts to
qualify for registration on Form S-3 for secondary sales. After the Company has qualified for the use of Form S-3, Platinum shall have the right to request an unlimited number of registrations on Form S-3 (such requests shall be in writing and shall
state the number of shares of Registrable Securities to be disposed of and the intended method of disposition of shares by Platinum), provided, however, that the Company shall have no obligation to effect a registration under this
Section 3 (i) unless the aggregate offering price of the Registrable Securities requested to be sold pursuant to such registration is expected to be equal to or greater than $5,000,000 or (ii) within one hundred and eighty
(180) days of the effective date of the most recent registration pursuant to this Section 3 in which Platinum’s Registrable Securities could have been included for sale or distribution. Upon receipt of any request for
registration pursuant to this Section 3, the Company shall file a Form S-3 Registration Statement with the Commission and, as soon as practicable, use its commercially reasonable efforts to effect such registration and all related
qualifications and compliances as may be requested and as would permit or facilitate the sale and distribution 

  
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of all Registrable Securities as are specified in such request. If the Company qualifies to do so, it shall file an automatic Registration Statement on Form S-3 in response to any request for
registration pursuant to this Section 3. In the case of an underwritten offering under this Section 3, the price, underwriting discount and other financial terms for the Registrable Securities shall be determined by Platinum.

 4. Definitions. 
 (a) As used herein, “Affiliate” shall have the meaning given to it in Rule 405 promulgated under the Securities Act. 

(b) As used herein, “Person” means any natural person or any corporation, limited liability company,
partnership, trust or other entity. 
 (c) As used herein, “Qualified Transferee” means (i) any
Affiliate of Platinum, (ii) for purposes of Section 1 and Section 2 only, the Company’s 1% stockholder as of the date hereof or (iii) any Person who acquires at least 5% of the Registrable Securities held by
Platinum, provided that, a Qualified Transferee shall agree to be bound by and subject to the terms and conditions of this Agreement. 
 (d) As used herein, “Registrable Securities” means all Shares held by Platinum or a Qualified Transferee at any time, including without limitation any Shares of the Company
acquired (or which may be acquired upon the exercise or conversion of securities for or into Shares of the Company) by Platinum or a Qualified Transferee pursuant to any preemptive right, right of first offer or otherwise, and any other Shares
issued in respect of any of such securities (as a result of stock splits, stock dividends, stock combinations, reclassifications, recapitalizations or other similar events); provided, however, that such securities shall cease to be
Registrable Securities upon any sale thereof pursuant to an effective registration statement under the Securities Act or that are sold pursuant to Rule 144 under the Securities Act. 

(e) As used herein, “Shares” means the shares of Common Stock, par value $0.01 per share, in the Company
outstanding from time to time. 
 5. Black-Out Periods. Notwithstanding anything in this Agreement to the contrary, if
the Company shall furnish to Platinum initiating a registration pursuant to Section 1 or Section 3 a certificate signed by the President, Chief Executive Officer or Chief Financial Officer of the Company within 5 business
days of receiving notice from Platinum under Section 1 or Section 3 stating that in the good faith judgment of the Board of Directors of the Company (a) it would be materially detrimental to the Company and its
stockholders for such registration statement to become effective or to remain effective as long as such registration would otherwise be required to remain effective or (b) it would materially interfere with a significant acquisition, corporate
reorganization or other similar transaction involving the Company for such registration statement to become effective or to remain effective as long as such registration would otherwise be required to remain effective, then the Company shall have
the right to defer the filing of such registration statement for a period (the “Black Out Period”) of not more than 90 days after delivery by the Company of the certificate referred to above. Notwithstanding the foregoing, the
Company may not exercise the right to initiate a Black Out Period more than three times in any 12-month period totaling no more than 120 days in any 12-month period. 

  
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 6. Selection of Underwriter. The underwriter(s) of any offering shall be selected by
the Company, subject in the case of an underwritten offering effected under Section 1 or Section 3 hereof to approval by Platinum, which approval will not be unreasonably withheld. 

7. Registration Procedures. If and whenever the Company is required by the provisions of this Agreement to use its commercially
reasonable efforts to effect the registration of any of the Registrable Securities under the Securities Act, the Company shall: 
 (a) promptly file with the United States Securities and Exchange Commission (the “Commission”) a registration statement (and, in the case of a registration under Section 1
or Section 3, within 60 days of any request thereunder), in form and substance required by the Securities Act, with respect to such Registrable Securities and use its commercially reasonable efforts to cause that registration statement to
become effective; 
 (b) prepare and file with the Commission any amendments and supplements to the registration
statement and the prospectus included in the registration statement as may be necessary to keep the registration statement effective, in the case of a firm commitment underwritten public offering, until completion of the distribution of all
securities described therein and, in the case of any other offering, until the earlier of (i) the sale of all Registrable Securities covered thereby or (ii) 180 days after the effective date thereof (and in the case of a registration under
Section 1, 365 days); 
 (c) furnish to Platinum such reasonable numbers of copies of the prospectus,
including a preliminary prospectus, in conformity with the requirements of the Securities Act, and such other documents as Platinum may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities
owned by it; 
 (d) register or qualify the Registrable Securities covered by the registration statement under the
securities or Blue Sky laws of such states as Platinum shall reasonably request, and do any and all other acts and things that may be necessary or desirable to enable Platinum to consummate the public sale or other disposition in such states of the
Registrable Securities owned by Platinum; provided, however, that the Company shall not be required in connection with this paragraph (d) to qualify as a foreign corporation or execute a general consent to service of process in
any jurisdiction; 
 (e) in connection with each registration covering an underwritten public offering, enter (and each
participating holder agrees to enter) into a written agreement with the managing underwriter in such form and containing such provisions (including, if the underwriter so requests, customary contribution provisions on the part of the Company) as are
customary in the securities business for such an arrangement between such underwriter and companies of the Company’s size and investment stature. Platinum shall also enter into and perform all its obligations under such an agreement;

 (f) at the reasonable request of Platinum pursuant to Section 1, on the date on which such Registrable
Securities are sold to the underwriter, provide (i) a legal opinion of the Company’s counsel addressed to such underwriters and (ii) a letter from the Company’s independent certified public accountants, each in customary form and
substance; 

  
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 (g) whenever the Company is registering any securities under the Securities Act and
Platinum is selling securities under such registration, (i) keep Platinum advised of the initiation, progress and completion of such registration and (ii) allow Platinum and Platinum’s counsel to comment on the registration statement;

 (h) make available for inspection by Platinum, any underwriter participating in any disposition pursuant to such
registration statement and any attorney, accountant or other agent retained by Platinum or any such underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers,
directors, employees and independent accountants to supply all information reasonably requested by Platinum or any such underwriter, attorney, accountant or agent in connection with such registration statement; 

(i) otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and
make available to its security holders, as soon as reasonably practicable, an earning statement covering the period of at least twelve months beginning with the first day of the Company’s first full calendar quarter after the effective date of
the registration statement, which earning statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 
 (j) in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending or preventing the use of any related prospectus or suspending
the qualification of any Registrable Securities included in such registration statement for sale in any jurisdiction, the Company will use its commercially reasonable efforts promptly to obtain the withdrawal of such order; and 

(k) as of the effective date of any registration statement relating thereto, cause all such Registrable Securities to be listed
on each securities exchange on which similar securities issued by the Company are then listed, and, if not so listed, to be listed on the New York Stock Exchange or the Nasdaq National Market. 

8. Expenses. The Company will pay all expenses incurred in complying with this Agreement, including, without limitation, all
registration and filing fees, exchange listing fees, printing expenses, transfer taxes, fees and expenses of counsel for the Company and the fees and expenses of one counsel selected by Platinum to represent them, state securities or Blue Sky fees
and expenses, and the expense of any special audits incident to or required by any such registration, but excluding underwriting discounts and selling commissions relating to the sale of the Registrable Securities. The obligation of the Company to
bear expenses described in this Section 8 shall apply irrespective of whether a registration becomes effective, is withdrawn or suspended, is converted to another form of registration and irrespective of when any of the foregoing shall
occur. 
 9. Notification. The Company shall promptly notify Platinum of any event that results in the prospectus
included in such registration statement or such registration statement, as then in effect, containing an untrue statement of a material fact or omitting to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing. At the request of Platinum, the Company will as soon as possible prepare and furnish to Platinum a reasonable number of copies of a supplement or

  
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amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to
state any fact necessary to make the statements therein not misleading in light of the circumstances under which they were made. 
 10. Indemnification and Contribution. 
 (a) Indemnification by the
Company. The Company shall indemnify and hold harmless Platinum, its officers, directors, managers, stockholders, partners and Affiliates, each underwriter of the Registrable Securities being sold by Platinum, and each controlling person of any
of the foregoing, against any and all claims, losses, damages, expenses and liabilities, joint or several (including any investigation, legal or other expenses incurred in connection with, and any amounts paid in settlement of, any action, suit or
proceeding or any claim asserted), as the same are incurred, arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any prospectus, offering circular, or other document delivered or made
available to investors relating to such Registrable Securities (or in any related registration statement or any amendment or supplement thereto) or any omission (or alleged omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or any violation by the Company of the Securities Act, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any other applicable law, rule or regulation,
applicable to the Company and relating to action or inaction required of the Company in connection with any registration, qualification or compliance contemplated by this Agreement, and will reimburse Platinum, each of its officers, directors,
managers, members, partners and Affiliates, and each such underwriter and controlling person for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability, expense or
action, whether or not resulting in liability; provided, however, that the Company will not be liable in any such case to the extent that any such claim, loss, damage, expense or liability arises out of or is based on any untrue
statement or omission based upon and in conformity with written information furnished to the Company by Platinum or such underwriter and stated to be specifically for use therein; provided, further, that the indemnity contained in this
Section 10(a) will not apply to amounts paid in settlement of any such claim, loss, damage, expense or liability if such settlement is effected without the consent of the Company (which consent will not be unreasonably withheld).

 (b) Indemnification by the Holders of Registrable Securities. Platinum shall indemnify and hold harmless the Company,
each of its directors, each of its officers who has signed the registration statement, each underwriter of the Registrable Securities, each other participating holder of Registrable Securities, its officers, directors, managers, stockholders,
partners and Affiliates, and each controlling person of any of the foregoing, against all claims, losses, damages, expenses and liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement)
of a material fact contained in any prospectus, offering circular, or other document delivered or made available to investors relating to such Registrable Securities (or in any related registration statement or any amendment or supplement thereto)
or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Company and each such director, officer, manager, stockholder,
other participating holder, partner, Affiliate or controlling person referred to above for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage,

  
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expense, liability or action, whether or not resulting in liability; provided, however, that Platinum will not be liable in any such case except to the extent that any such claim,
loss, damage, expense or liability arises out of any untrue statement or omission based upon and in conformity with written information furnished to the Company by Platinum and stated to be specifically for use therein, and provided,
further, that no holder of Registrable Securities will be liable under this Section 10(b) for losses, costs, damages or expenses exceeding in the aggregate the net proceeds paid to Platinum in such offering; provided,
further, that the indemnity contained in this Section 10(b) will not apply to amounts paid in settlement of any such claim, loss, damage or liability if such settlement is effected without the consent of Platinum (which consent
will not be unreasonably withheld). 
 (c) Procedures for Indemnification. Each party entitled to indemnification under
Sections 10(a) or 10(b) (the “Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual
knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom; provided, that counsel for the Indemnifying Party, who shall
conduct the defense of such claim or any litigation resulting therefrom, shall be approved by the Indemnified Party (whose approval shall not be unreasonably withheld or delayed); and, provided, further, that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Agreement unless the Indemnifying Party is materially prejudiced thereby. The Indemnified Party may participate in such
defense at such party’s expense; provided, however, that the Indemnifying Party shall pay such expenses if the Indemnified Party shall believe in good faith that representation of such Indemnified Party by the counsel retained by
the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnified Party and any other party represented by such counsel in such proceeding. No Indemnifying Party, in the defense of any such claim or
litigation shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified
Party of a release from all liability in respect of such claim or litigation, and no Indemnified Party shall consent to entry of any judgment or settle such claim or litigation without the prior written consent of the Indemnifying Party, which
consent will not be unreasonably withheld or delayed. 
 (d) Contribution. If the indemnification provided for in
Sections 10(a) or 10(b) is unavailable to any Indemnified Party thereunder in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to in such subsections, then each Person that would have been
an Indemnifying Party thereunder shall contribute to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the
relative fault of the Indemnifying Party on the one hand and such Indemnified Party on the other. The relative fault shall be determined by reference to, among other things, whether any untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by the Indemnifying Party or such Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission, or whether such losses, claims, damages or liabilities (or actions in respect thereof) arose out of the action or failure to act of one or more of such parties. Notwithstanding the foregoing, (i) Platinum will not be
required to contribute any amount in 

  
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excess of the net proceeds paid to Platinum of all Registrable Securities sold by Platinum pursuant to such registration statement except in the case of fraud by Platinum, and (ii) no Person
guilty of fraudulent misrepresentation, within the meaning of Section 10(f) of the Securities Act, shall be entitled to contribution from any Person who is not guilty of such fraudulent misrepresentation. 

11. Reports Under Exchange Act. With a view to making available to Platinum the benefits of Rule 144 promulgated under the
Securities Act and any other rule or regulation of the Commission that may at any time permit Platinum to sell securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company agrees to use its
commercially reasonable efforts to satisfy the requirements of all such rules and regulations (including the requirements for public information, registration under the Exchange Act and timely reporting to the Commission) at the earliest possible
date (but in any event not later than 90 days) after the effective date of the registration statement for its first registered public offering. The Company will furnish to Platinum, within 5 business days, whenever requested, a written statement as
to its compliance with the reporting requirements of Rule 144, the Securities Act and the Exchange Act, a copy of its most recent annual or quarterly report, and such other reports and information filed by the Company as Platinum may reasonably
request in writing in connection with the lawful sale of Registrable Securities without registration. 
 12. Registration
Rights of Others. The Company will not, without the prior written consent of Platinum, grant to any Person (other than in connection with an assignment made pursuant to Section 16) the right to (a) require the Company to
initiate the registration of any securities or (b) require the Company to include in any registration securities owned by such Person, unless under the terms of such arrangement Platinum may include securities in such registration only to the
extent that the inclusion thereof does not limit the number of Registrable Securities included therein or adversely affect the offering price thereof. The Company represents and warrants that it has not granted any Person the right to require the
Company to initiate the registration of any securities or include in any registration any securities owned by any Person. 

13. Adjustments Affecting Registrable Securities. Except as otherwise provided herein, the Company will not effect a stock split
or dividend or a combination of shares or take any similar action, or permit any similar change to occur, with respect to its Shares which would materially and adversely affect the ability of Platinum to include Registrable Securities in a
registration undertaken pursuant to this Agreement or which would adversely affect the marketability of such Registrable Securities in any such registration (including, without limitation, effecting a stock split or a combination of shares) in any
material respect. 
 14. Lock-Up Agreement. Platinum agrees that in connection with the initial public offering of the
Shares of the Company, upon the request of the managing underwriter in such offering, Platinum will not (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any
option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any of the Company’s securities held by Platinum (other than those included in such registration), or (ii) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Company’s securities held by Platinum, whether any such transaction described in clause (i) or (ii) above is to be
settled by delivery of Shares of the 

  
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Company or other securities, in cash or otherwise, without the prior written consent of such underwriter, for such period of time as may be requested by such underwriter (which period shall
commence as of the effective date of such registration and end no later than 180 days after the effective date of such registration). 
 15. Board Nomination Rights. 
 (a) Nomination of Directors.
Platinum shall have the right to nominate for election to the board of directors of the Company (the “Board”): 
  

	 	(i)	no fewer than that number of directors that would constitute a majority of the number of directors that the Company would have if there were no vacancies on the Board,
so long as Platinum collectively beneficially owns at least 30% of the then outstanding capital stock of the Company; provided that nothing in this paragraph (i) of this Section 15(a) shall be construed to limit the right of
Platinum to nominate directors to a number of such directors that is less than the number of directors Platinum would be entitled to nominate pursuant to applicable law and the Company’s certificate of incorporation and bylaws;

  

	 	(ii)	up to two (2) directors, so long as Platinum collectively beneficially owns at least 15% of the then outstanding capital stock of the Company but less than 30% of
the then outstanding capital stock of the Company; and 

  

	 	(iii)	one (1) director, so long as Platinum collectively beneficially owns at least 5% of the then outstanding capital stock of the Company but less than 15% of the then
outstanding capital stock of the Company. 

 In the event the size of the Board is increased or decreased at any time,
Platinum’s nomination rights under this Section 15(a) shall be proportionately increased or decreased, respectively, rounded up to the nearest whole number. Furthermore, in the event that within one hundred eighty (180) days of
the date of this Agreement, the Board increases its size, Platinum shall have the right to nominate for election to the Board directors to fill such newly created directorships, and if Platinum exercises such right, the Company shall appoint such
nominees to the Board. 
 (b) Election of Directors. The Company shall take all action within its power to cause
all nominees nominated pursuant to Section 15(a) to be included in the slate of nominees recommended by the Board to the Company’s stockholders for election as directors at each annual meeting of the stockholders of the Company
(and/or in connection with any election by written consent) and the Company shall use all reasonable best efforts to cause the election of each such nominee, including soliciting proxies in favor of the election of such nominees. 

(c) Replacement of Directors. In the event that a vacancy is created at any time by the death, disability, retirement,
resignation or removal (with or without cause) of a director nominated pursuant to Section 15(a) or designated pursuant to this Section 15(c), or in the event of the failure of any such nominee to be elected, Platinum shall
have the right to designate a replacement to fill such vacancy. The Company shall take all action within its power to cause such vacancy to be filled by the replacement so designated, and the Board shall promptly elect such designee to the Board.
Upon the written request of Platinum, the Company shall take all 

  
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actions necessary to remove, with or without cause, any director previously nominated pursuant to Section 15(a) or designated pursuant to this Section 15(c), and to elect any
replacement director designated by Platinum as provided in the first sentence of this Section 15(c). 
 (d)
Committees. So long as Platinum collectively beneficially owns at least 15% of the outstanding capital stock of the Company, the Company shall take all action within its power to cause any committee of the Board to include in its
membership at least one of Platinum’s nominees, except to the extent that such membership would violate applicable securities laws or stock exchange or stock market rules. 

(e) No Limitation. The provisions of this Section 15 are intended to provide Platinum with the minimum Board
representation rights set forth herein. Nothing in this Agreement shall prevent the Company from having a greater number of nominees or designees of Platinum on the Board than otherwise provided herein. 

(f) Laws and Regulations. Nothing in this Section 15 shall be deemed to require that any party hereto, or any
Affiliate thereof, act or be in violation of any applicable provision of law, regulation, legal duty or requirement or stock exchange or stock market rule. 
 16. Notices. All notices, demands, requests or other communications hereunder shall be in writing and shall be deemed to have been duly given if delivered in person, or by United States mail,
certified or registered with return receipt requested, or by nationally recognized overnight courier service, to the addresses of the respective parties set forth on the signature pages hereto (or, if the address of a holder of Registrable
Securities is not included therein, at the address of such holder on the Company’s books and records). 
 17.
Assignment; Successors and Assigns. The Company may not assign this Agreement or any of its rights hereunder, or delegate the performance of any of its obligations hereunder, except with the consent of Platinum. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns including, without limitation, any Qualified Transferee (such that any Person that acquires Registrable Securities from a party hereto shall be bound by
(and have the benefit of) the provisions of this Agreement to the same extent as the transferor of such securities). 
 18.
Survival. This Agreement, including without limitation the obligations of the parties under Section 10, shall survive until the expiration of the applicable statute of limitations and in the case of Platinum, in no event, longer than
5 years after the sale of all of its Registrable Securities; provided that for so long as Platinum collectively beneficially owns at least 5% of the then outstanding capital stock of the Company, Section 15 may not be terminated without the
prior written consent of Platinum. 
 19. Severability; Governing Law; Venue. If any provision of this Agreement is
rendered void, invalid or unenforceable by any court of law for any reason, such invalidity or unenforceability shall not void or render invalid or unenforceable any other provision of this Agreement. This Agreement and the rights and obligations of
the parties hereunder shall be governed by and interpreted, construed and enforced in accordance with the laws of Delaware, without regard to its choice of law principles. Any legal action or proceeding with respect to this Agreement will be brought
exclusively in the courts of the State of Delaware or of the United 

  
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States of America for the District of Delaware, and any appellate court from any thereof, and, by execution and delivery of this Agreement, each of the Company and Platinum hereby
(i) accepts for itself and in respect of its property, generally and unconditionally, the exclusive jurisdiction of the aforesaid courts and (ii) consents that any such action or proceeding may be brought exclusively in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same. Each of the
Company and Platinum irrevocably consents to the service of process of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by certified mail, postage prepaid, to the Company or Platinum, as the case may
be, at its notice address specified in Section 15, such service to become effective thirty (30) days after such mailing. 
 20. Amendments; Waivers. This Agreement shall be amended, modified or waived only with the written consent of (a) the Company and (b) Platinum. No failure to exercise or delay in
exercising any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right,
power or remedy. 
 21. Counterparts. This Agreement may be executed in one or more counterparts, and with counterpart
signature pages (including signature pages delivered by facsimile), each of which shall be an original, but all of which together shall constitute one in the same Agreement. 
 22. No Strict Construction; Entire Agreement. The parties hereto have participated jointly in the negotiation and drafting of this Agreement and the other documents and agreements contemplated
herein. This Agreement contains the entire understanding of the parties and supersedes all prior agreements and understandings between the parties with respect to its subject matter. In the event an ambiguity or question of intent or interpretation
arises under any provision of this Agreement or any other document or agreement contemplated herein, this Agreement and such other documents and agreements shall be construed as if drafted jointly by the parties thereto, and no presumption or burden
of proof shall arise favoring or disfavoring any party by virtue of authoring any of the provisions of this Agreement or any other documents or agreements contemplated herein. 
 [SIGNATURE PAGES FOLLOW] 

  
 11 

 The parties hereto have executed and delivered this Agreement as of the date first above
written. 
  

			
	COMPANY:
	
	RYERSON HOLDING CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

 [SIGNATURE PAGE TO INVESTOR RIGHTS AGREEMENT] 

 
			
	STOCKHOLDERS:
	
	PLATINUM EQUITY CAPITAL PARTNERS, L.P.
		
	By:	 	 Platinum Equity Partners, LLC,
 its general partner

		
	By:	 	 Platinum Equity Investment Holdings, LLC,
 its senior managing member

		
	By:	 	  

	Name:	 	Mary Ann Sigler
	Title:	 	Vice President
	
	PLATINUM EQUITY CAPITAL PARTNERS-PF, L.P.
		
	By:	 	 Platinum Equity Partners, LLC,
 its general partner

		
	By:	 	 Platinum Equity Investment Holdings, LLC,
 its senior managing member

		
	By:	 	  

	Name:	 	Mary Ann Sigler
	Title:	 	Vice President
	
	PLATINUM EQUITY CAPITAL PARTNERS-A, L.P.
		
	By:	 	 Platinum Equity Partners, LLC,
 its general partner

		
	By:	 	 Platinum Equity Investment Holdings, LLC,
 its senior managing member

		
	By:	 	  

	Name:	 	Mary Ann Sigler
	Title:	 	Vice President

 [SIGNATURE PAGE TO INVESTOR RIGHTS AGREEMENT] 

 
			
	PLATINUM EQUITY CAPITAL PARTNERS II, L.P.
		
	By:	 	 Platinum Equity Partners II, LLC,
 its general partner

		
	By:	 	 Platinum Equity Investment Holdings II, LLC,
 its senior managing member

		
	By:	 	  

	Name:	 	Mary Ann Sigler
	Title:	 	Vice President
	
	PLATINUM EQUITY CAPITAL PARTNERS-PF II, L.P.
		
	By:	 	 Platinum Equity Partners II, LLC,
 its general partner

		
	By:	 	 Platinum Equity Investment Holdings II, LLC,
 its senior managing member

		
	By:	 	  

	Name:	 	Mary Ann Sigler
	Title:	 	Vice President
	
	PLATINUM EQUITY CAPITAL PARTNERS-A II, L.P.
		
	By:	 	 Platinum Equity Partners II, LLC,
 its general partner

		
	By:	 	 Platinum Equity Investment Holdings II, LLC,
 its senior managing member

		
	By:	 	  

	Name:	 	Mary Ann Sigler
	Title:	 	Vice President

 [SIGNATURE PAGE TO INVESTOR RIGHTS AGREEMENT] 

 
			
	PLATINUM RHOMBUS PRINCIPALS, LLC
		
	By:	 	 Platinum Equity Investment Holdings II, LLC,
 its senior managing member

		
	By:	 	  

	Name:	 	Mary Ann Sigler
	Title:	 	Vice President

 [SIGNATURE PAGE TO INVESTOR RIGHTS AGREEMENT]EX-10.12

 Exhibit 10.12 
 RYERSON HOLDING CORPORATION 2013 STOCK INCENTIVE PLAN 
  

	 	1.	Purpose. 

 The purpose of
the Plan is to assist the Company in attracting, retaining, motivating, and rewarding certain key employees, officers, directors, and consultants of the Company and its Subsidiaries, and promoting the creation of long-term value for stockholders of
the Company by closely aligning the interests of such individuals with those of such stockholders. The Plan authorizes the award of Stock-based incentives to Eligible Persons to encourage such persons to expend their maximum efforts in the creation
of stockholder value. 
  

	 	2.	Definitions. 

 For
purposes of the Plan, the following terms shall be defined as set forth below: 
 (a) “Award” means any Option,
Restricted Stock, Restricted Stock Unit, Stock Appreciation Right, Performance Award, or other Stock-based award granted under the Plan. 
 (b) “Board” means the Board of Directors of the Company. 
 (c)
“Cause” means, in the absence of an employment agreement between a Participant and the Employer otherwise defining Cause, (i) a Participant’s conviction of or indictment for any crime (whether or not involving the Company
or its Subsidiaries) (A) constituting a felony or (B) that has, or could reasonably be expected to result in, an adverse impact on the performance of the Participant’s duties to the Employer, or otherwise has, or could reasonably be
expected to result in, an adverse impact to the business or reputation of the Company or its Subsidiaries; (ii) conduct of the Participant, in connection with his or her employment, that has, or could reasonably be expected to result in,
material injury to the business or reputation of the Company or its Subsidiaries; (iii) any material violation of the policies of the Company or its Subsidiaries, including, but not limited to those relating to sexual harassment, the disclosure
or misuse of confidential information, or others set forth in the manuals or statements of policy of the Company or its Subsidiaries; or (iv) willful neglect in the performance of the Participant’s duties for the Employer or willful or
repeated failure or refusal to perform such duties; provided, however, that if, subsequent to the Participant’s voluntary Termination for any reason or involuntary Termination by the Company or a Subsidiary without Cause, it is
discovered that the Participant’s employment could have been terminated for Cause, such Participant’s employment shall be deemed to have been terminated for Cause. In the event there is an employment agreement between a Participant and the
Employer defining Cause, “Cause” shall have the meaning provided in such agreement, and a Termination by the Employer for Cause hereunder shall not be deemed to have occurred unless all applicable notice and cure periods in such
employment agreement are complied with. 
 (d) “Change in Control” means: 

(i) a change in ownership or control of the Company effected through a transaction or series of transactions (other than
an offering of Stock to the general 

 
public through a registration statement filed with the Securities and Exchange Commission) whereby any “person” (as defined in Section 3(a)(9) of the Exchange Act) or any two or
more persons deemed to be one “person” (as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), other than the Company or any of its Subsidiaries, or an employee benefit plan maintained by the Company or any of its
Subsidiaries, directly or indirectly acquire “beneficial ownership” (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than fifty percent (50%) of the total combined voting power of
the Company’s securities outstanding immediately after such acquisition; 
 (ii) the date upon which
individuals who, as of the Effective Date, constitute the Board (the “Incumbent Board”), cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then constituting the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board; or 
 (iii) the sale or disposition, in one or a series of related transactions, of all or substantially all of the assets of the Company to any “person” (as defined in Section 3(a)(9) of the
Exchange Act) or to any two or more persons deemed to be one “person” (as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) other than the Subsidiaries. 

(e) “Code” means the Internal Revenue Code of 1986, as amended from time to time, including regulations thereunder and
successor provisions and regulations thereto. 
 (f) “Committee” means the Board or such other committee
appointed by the Board consisting of two or more individuals. 
 (g) “Company” means Ryerson Holding
Corporation, a Delaware corporation. 
 (h) “Disability” means, in the absence of any employment agreement
between a Participant and the Employer otherwise defining Disability, the permanent and total disability of such Participant within the meaning of Section 22(e)(3) of the Code. In the event there is an employment agreement between a Participant
and the Employer defining Disability, “Disability” shall have the meaning provided in such agreement. 
 (i)
“Disqualifying Disposition” means any disposition (including any sale) of Stock acquired upon the exercise of an Incentive Stock Option made within the period that ends either (i) two years after the date the Participant was
granted the Incentive Stock Option or (ii) one year after the date the Participant acquired Stock by exercising the Incentive Stock Option. 
 (j) “Effective Date” means             , 2013. 

  
 - 2 -

 (k) “Eligible Person” means (i) each employee of the Company or of any
of its Subsidiaries, including each such person who may also be a director of the Company and/or its Subsidiaries; (ii) each non-employee director of the Company and/or its Subsidiaries; (iii) each other person who provides substantial
services to the Company and/or its Subsidiaries and who is designated as eligible by the Committee; and (iv) any person who has been offered employment or service by the Company or its Subsidiaries; provided, that such prospective
service provider may not receive any payment or exercise any right relating to an Award until such person has commenced employment or service with the Company or its Subsidiaries. An employee on an approved leave of absence may be considered as
still in the employ of the Company or its Subsidiaries for purposes of eligibility for participation in the Plan. 
 (l)
“Employer” means either the Company or a Subsidiary by which the Participant is principally employed or to which the Participant provides services, as applicable (in each case determined without regard to any transfer of an Award).

 (m) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, including rules
thereunder and successor provisions and rules thereto. 
 (n) “Expiration Date” means the date upon which the
term of an Option expires, as determined under Section 5(b) hereof. 
 (o) “Fair Market Value” means, as
of any date when the Stock is listed on one or more national securities exchanges, the closing price reported on the principal national securities exchange on which such Stock is listed and traded on the date of determination. If the Stock is not
listed on an exchange, or representative quotes are not otherwise available, the Fair Market Value shall mean the amount determined by the Board in good faith, and in a manner consistent with Section 409A of the Code, to be the fair market
value per share of Stock. 
 (p) “Incentive Stock Option” means an Option intended to qualify as an incentive
stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (q)
“Incumbent Board” shall have the meaning set forth in Section 2(e)(ii) hereof. 
 (r)
“Nonqualified Stock Option” means an Option not intended to qualify as an Incentive Stock Option. 
 (s)
“Option” means a conditional right, granted to a Participant under Section 5 hereof, to purchase Stock at a specified price during specified time periods. Certain Options granted under the Plan are intended to qualify as
Incentive Stock Options. 
 (t) “Option Agreement” means a written agreement between the Company and a
Participant evidencing the terms and conditions of an individual Option grant. 
 (u) “Participant” means an
Eligible Person who has been granted an Award under the Plan, or if applicable, such other person or entity who holds an Award. 

  
 - 3 -

 (v) “Performance Award” means an Award granted to a Participant under
Section 7 hereof, which is subject to the achievement of Performance Objectives during a Performance Period. A Performance Award shall be designated as a “Performance Share” or a “Performance Unit” at the time of grant.

 (w) “Performance Award Agreement” means a written agreement between the Company and a Participant evidencing
the terms and conditions of an individual Performance Award grant. 
 (x) “Performance Objectives” means the
performance objectives established pursuant to this Plan for Participants who have received Performance Awards. 
 (y)
“Performance Period” means the period designated for the achievement of Performance Objectives. 
 (z)
“Plan” means this Ryerson Holding Corporation 2013 Stock Incentive Plan. 
 (aa) “Qualified
Member” means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3 and an “outside director” within the meaning of Treasury Regulation 1.162-27(c) under Code Section 162(m).

 (bb) “Qualifying Retirement” means the Termination by a Participant who has (i) attained age 65 and has
completed ten or more years of service with the Company or its Subsidiaries, or (ii) had such Termination approved by the Board as a Qualifying Retirement under the Plan. 
 (cc) “Qualifying Committee” shall have the meaning set forth in Section 3(b) hereof. 
 (dd) “Restricted Stock” means Stock granted to a Participant under Section 6 hereof that is subject to certain restrictions and to a risk of forfeiture. 

(ee) “Restricted Stock Agreement” means a written agreement between the Company and a Participant evidencing the terms
and conditions of an individual Restricted Stock grant. 
 (ff) “Restricted Stock Unit” means a notional unit
representing the right to receive one share of Stock (or the cash value of one share of Stock, if so determined by the Committee) on a specified settlement date. 
 (gg) “Securities Act” means the Securities Act of 1933, as amended from time to time, including rules thereunder and successor provisions and rules thereto. 

(hh) “Stock” means the Company’s Common Stock, par value $0.01 per share, and such other securities as may be
substituted for such stock pursuant to Section 9 hereof. 

  
 - 4 -

 (ii) “Stock Appreciation Right” means a conditional right to receive an
amount equal to the value of the appreciation in the Stock over a specified period. Except in the event of extraordinary circumstances, as determined in the sole discretion of the Committee, or pursuant to Section 9(b) below, Stock Appreciation
Rights shall be settled in Stock. 
 (jj) “Subsidiary” means each direct and indirect subsidiary of the
Company. 
 (kk) “Termination” means the termination of a Participant’s employment or service, as
applicable, with the Employer; provided, however, that, if so determined by the Committee at the time of any change in status in relation to the Employer (e.g., a Participant ceases to be an employee and begins providing
services as a consultant, or vice versa), such change in status will not be deemed to be a Termination hereunder. Unless otherwise determined by the Committee, in the event that any Employer ceases to be a Subsidiary (by reason of sale, divesture,
spin-off or other similar transaction), unless a Participant’s employment or service is transferred to another entity that would constitute an Employer immediately following such transaction, such Participant shall be deemed to have suffered a
Termination hereunder as of the date of the consummation of such transaction. 
  

	 	3.	Administration. 

 (a)
Authority of the Committee. Except as otherwise provided below, the Plan shall be administered by the Committee. The Committee shall have full and final authority, in each case subject to and consistent with the provisions of the Plan, to
(i) select Eligible Persons to become Participants; (ii) grant Awards; (iii) determine the type, number of shares of Stock subject to, and other terms and conditions of, and all other matters relating to, Awards; (iv) prescribe
Award agreements (which need not be identical for each Participant) and rules and regulations for the administration of the Plan; (v) construe and interpret the Plan and Award agreements and correct defects, supply omissions, or reconcile
inconsistencies herein and therein; (vi) suspend the right to exercise Awards during any period that the Committee deems appropriate to comply with applicable securities laws, and thereafter extend the exercise period of an Award by an
equivalent period of time; and (vii) make all other decisions and determinations as the Committee may deem necessary or advisable for the administration of the Plan. Any action of the Committee shall be final, conclusive, and binding on all
persons, including, without limitation, the Company, its Subsidiaries, Eligible Persons, Participants, and beneficiaries of Participants. 
 (b) Manner of Exercise of Committee Authority. At any time that a member of the Committee is not a Qualified Member, (i) any action of the Committee relating to an Award intended by the
Committee to qualify as “performance-based compensation” within the meaning of Section 162(m) of the Code may be taken by a subcommittee, designated by the Committee or the Board, composed solely of two or more Qualified Members (a
“Qualifying Committee”); and (ii) any action relating to an Award granted or to be granted to a Participant who is then subject to Section 16 of the Exchange Act in respect of the Company may be taken either by such a
Qualifying Committee, or by the Committee but with each such member who is not a Qualified Member abstaining or recusing himself from such action; provided, that upon such abstention or recusal, the Committee remains composed of two or more
Qualified Members. Any action authorized by such a Qualifying Committee or by the Committee upon the 

  
 - 5 -

 
abstention or recusal of such non-Qualified Member(s) shall be deemed to be the action of the Committee for purposes of the Plan. The express grant of any specific power to the Committee, and the
taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. 
 (c)
Delegation. To the extent permitted by applicable law, the Committee may delegate to officers or employees of the Company or any of its Subsidiaries, or committees thereof, the authority, subject to such terms as the Committee shall
determine, to perform such functions, including but not limited to administrative functions, as the Committee may determine appropriate. The Committee may appoint agents to assist it in administering the Plan. Notwithstanding the foregoing or any
other provision of the Plan to the contrary, any Award granted under the Plan to any person or entity who is not an employee of the Company or any of its Subsidiaries (including any non-employee director of the Company or any Subsidiary) or to any
person who is subject to Section 16 of the Exchange Act shall be expressly approved by the Committee or Qualifying Committee in accordance with subsection (b) above. 
 (d) Section 409A. The Committee shall take into account compliance with Section 409A of the Code in connection with any grant of an Award under the Plan, to the extent applicable.

  

	 	4.	Shares Available Under the Plan. 

 (a) Number of Shares Available for Delivery. Subject to adjustment as provided in Section 9 hereof, the total number of shares of Stock reserved and available for delivery in connection with
Awards under the Plan shall be [    ], all of which may be issued or transferred upon exercise or settlement of Incentive Stock Options. Shares of Stock delivered under the Plan shall consist of authorized and unissued shares or
previously issued shares of Stock reacquired by the Company on the open market or by private purchase. 
 (b) Share Counting
Rules. The Committee may adopt reasonable counting procedures to ensure appropriate counting, avoid double counting (as, for example, in the case of tandem or substitute awards) and make adjustments if the number of shares of Stock actually
delivered differs from the number of shares previously counted in connection with an Award. To the extent that an Award expires or is canceled, forfeited, settled in cash, or otherwise terminated without a delivery to the Participant of the full
number of shares to which the Award related, the undelivered shares will again be available for grant. Shares withheld in payment of the exercise price or taxes relating to an Award and shares equal to the number surrendered in payment of any
exercise price or taxes relating to an Award shall be deemed to constitute shares not delivered to the Participant and shall be deemed to again be available for Awards under the Plan; provided, however, that such shares shall not
become available for issuance hereunder if either (i) the applicable shares are withheld or surrendered following the termination of the Plan, or (ii) at the time the applicable shares are withheld or surrendered, it would constitute a
material revision of the Plan subject to stockholder approval under any then-applicable rules of the national securities exchange on which the Stock is listed. 
 (c) 162(m) Limitation. Notwithstanding anything to the contrary herein, during any time that the Company is subject to Section 162(m) of the Code, the maximum

  
 - 6 -

 
number of shares of Stock with respect to which Options, Performance Awards, and Stock Appreciation Rights (to the extent granted as an Award under the Plan) may be granted to any individual in
any one year shall not exceed the maximum number of shares of Stock available for issue hereunder, as such number may change from time to time. 
  

	 	5.	Options. 

 (a)
General. Options may be granted to Eligible Persons in such form and having such terms and conditions as the Committee shall deem appropriate; provided, however, that Incentive Stock Options may only be granted to Eligible
Persons who are employed by the Employer. The provisions of separate Options shall be set forth in an Option Agreement, which agreements need not be identical. 
 (b) Term. The term of each Option shall be set by the Committee at the time of grant; provided, however, that no Option granted hereunder shall be exercisable after the expiration of
ten (10) years from the date it was granted. 
 (c) Exercise Price. The exercise price per share of Stock for each
Option shall be set by the Committee at the time of grant; provided, however, that if an Option is intended (i) to not be considered “nonqualified deferred compensation” within the meaning of Section 409A of the Code,
(ii) to qualify as “performance-based compensation” within the meaning of Section 162(m) of the Code and regulations thereunder, or (iii) to be an Incentive Stock Option, in each case, the applicable exercise price shall not
be less than the Fair Market Value, subject to subsection (h) below in the case of any Incentive Stock Option. 
 (d)
Payment for Stock. Payment for shares of Stock acquired pursuant to Options granted hereunder shall be made in full, upon exercise of the Options, (i) in immediately available funds in United States dollars, or by certified or bank
cashier’s check; (ii) by delivery of a notice of “net exercise” to the Company, pursuant to which the Participant shall receive the number of shares of Stock underlying the Options so exercised reduced by the number of shares of
Stock equal to the aggregate exercise price of the Options divided by the Fair Market Value on the date of exercise; (iii) by delivery of shares of Stock having a value equal to the exercise price; or (iv) by any other means approved by
the Committee. Anything herein to the contrary notwithstanding, if the Committee determines that any form of payment available hereunder would be in violation of Section 402 of the Sarbanes-Oxley Act of 2002, such form of payment shall not be
available. 
 (e) Vesting. Options shall vest and become exercisable in such manner, on such date or dates, or upon the
achievement of performance or other conditions, in each case, as may be determined by the Committee and set forth in the Option Agreement; provided, however, that notwithstanding any such vesting dates, the Committee may in its sole
discretion accelerate the vesting of any Option, which acceleration shall not affect the terms and conditions of any such Option other than with respect to vesting. Unless otherwise specifically determined by the Committee, the vesting of an Option
shall occur only while the Participant is employed or rendering services to the Employer, and all vesting shall cease upon a Participant’s Termination with the Employer for any reason. If an Option is exercisable in installments, such
installments or portions thereof which become exercisable shall remain exercisable until the Option expires. 

  
 - 7 -

 (f) Transferability of Options. An Option shall not be transferable except by will or
by the laws of descent and distribution and shall be exercisable during the lifetime of the Participant only by the Participant. Notwithstanding the foregoing, Nonqualified Stock Options shall be transferable to the extent provided in the Option
Agreement or otherwise determined by the Committee. 
 (g) Termination of Employment or Service. Except as may otherwise
be provided by the Committee in the Option Agreement: 
 (i) In the event of a Participant’s Termination
with the Employer prior to the Expiration Date for any reason other than (A) by the Employer for Cause, (B) by reason of the Participant’s death or Disability, or (C) by reason of a Qualifying Retirement, (1) all vesting
with respect to such Participant’s Options shall cease, (2) all of such Participant’s unvested Options shall expire as of the date of such Termination, and (3) all of such Participant’s vested Options shall remain
exercisable until the earlier of the Expiration Date and the date that is ninety (90) days after the date of such Termination. 
 (ii) In the event of a Participant’s Termination with the Employer prior to the Expiration Date by reason of such Participant’s death or Disability, (A) all vesting with respect to such
Participant’s Options shall cease, (B) all of such Participant’s unvested Options shall expire as of the date of such Termination, and (C) all of such Participant’s vested Options shall expire on the earlier of the
Expiration Date and the date that is twelve (12) months after the date of such Termination due to death or Disability of the Participant. In the event of a Participant’s death, such Participant’s Options shall remain exercisable by
the person or persons to whom a Participant’s rights under the Options pass by will or the applicable laws of descent and distribution until their expiration, but only to the extent the Options were vested by such Participant at the time of
such Termination due to death. 
 (iii) In the event of a Participant’s Termination with the Employer prior
to the Expiration Date by reason of a Qualifying Retirement, (A) all of such Participant’s Options shall continue to vest in accordance with their original vesting schedule as if no such termination had occurred, and (B) such Options
shall remain exercisable until the Expiration Date. 
 (iv) In the event of a Participant’s Termination with
the Employer prior to the Expiration Date by the Employer for Cause, all of such Participant’s Options (whether or not vested) shall immediately expire as of the date of such Termination. 

(h) Special Provisions Applicable to Incentive Stock Options. 

(i) No Incentive Stock Option may be granted to any Participant who, at the time the option is granted, owns directly, or
indirectly within the meaning of Section 424(d) of the Code, stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any parent or subsidiary thereof, unless such
Incentive Stock Option (A) has an exercise price of at least one hundred ten percent (110%) of the Fair Market Value on the date of the grant of such Option and (B) cannot be exercised more than five (5) years after the date it
is granted. 

  
 - 8 -

 (ii) To the extent the aggregate Fair Market Value (determined as of the
date of grant) of Stock for which Incentive Stock Options are exercisable for the first time by any Participant during any calendar year (under all plans of the Company and its Subsidiaries) exceeds $100,000, such excess Incentive Stock Options
shall be treated as Nonqualified Stock Options. 
 (iii) Each Participant who receives an Incentive Stock Option
must agree to notify the Company in writing immediately after the Participant makes a Disqualifying Disposition of any Stock acquired pursuant to the exercise of an Incentive Stock Option. 

 

	 	6.	Restricted Stock. 

 (a)
General. Restricted Stock granted hereunder shall be in such form and shall contain such terms and conditions as the Committee shall deem appropriate. The terms and conditions of each Restricted Stock grant shall be evidenced by a Restricted
Stock Agreement, which agreements need not be identical. Subject to the restrictions set forth in Section 6(b), except as otherwise set forth in the applicable Restricted Stock Agreement, the Participant shall generally have the rights and
privileges of a stockholder as to such Restricted Stock, including the right to vote such Restricted Stock. Unless otherwise set forth in a Participant’s Restricted Stock Agreement, cash dividends and stock dividends, if any, with respect to
the Restricted Stock shall be withheld by the Company for the Participant’s account, and shall be subject to forfeiture to the same degree as the shares of Restricted Stock to which such dividends relate. Except as otherwise determined by the
Committee, no interest will accrue or be paid on the amount of any cash dividends withheld. 
 (b) Restrictions on
Transfer. In addition to any other restrictions set forth in a Participant’s Restricted Stock Agreement, until such time that the Restricted Stock has vested pursuant to the terms of the Restricted Stock Agreement, which vesting the
Committee may in its sole discretion accelerate at any time, the Participant shall not be permitted to sell, transfer, pledge, or otherwise encumber the Restricted Stock. Notwithstanding anything contained herein to the contrary, the Committee shall
have the authority to remove any or all of the restrictions on the Restricted Stock whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the date of the Restricted Stock Award, such
action is appropriate. 
 (c) Termination of Employment or Service. Except as may otherwise be provided by the Committee
in the Restricted Stock Agreement, in the event of a Participant’s Termination with the Employer for any reason prior to the time that such Participant’s Restricted Stock has vested, (i) all vesting with respect to such
Participant’s Restricted Stock shall cease, and (ii) as soon as practicable following such Termination, the Company shall repurchase from the Participant, and the Participant shall sell, all of such Participant’s unvested shares of
Restricted Stock at a purchase price equal to the original purchase price paid for the Restricted Stock, or if the original purchase price is equal to $0, such unvested shares of Restricted Stock shall be forfeited by the Participant to the Company
for no consideration as of the date of such Termination. 

  
 - 9 -

	 	7.	Performance Awards. 

 (a)
General. The Board may from time to time authorize grants of Performance Awards to Participants upon such terms and conditions as the Board may determine in accordance with provisions of this Section 7. The terms and conditions of each
Performance Award grant shall be evidenced by a Performance Award Agreement, which agreements need not be identical. 
 (b)
Value of Performance Units and Performance Shares. Each Performance Unit shall have an initial value that is established by the Committee at the time of grant. Each Performance Share shall have an initial value equal to the Fair Market Value
of the Stock on the date of grant. In addition to any other non-performance terms included in the Performance Award Agreement, the Committee shall set the applicable Performance Objectives in its discretion which, depending on the extent to which
they are met, will determine the value and/or number of Performance Units or Performance Shares, as the case may be, that will be paid out to the Participant. 
 (c) Earning of Performance Units and Performance Shares. Upon the expiration of the applicable Performance Period, the holder of Performance Units or Performance Shares, as the case may be, shall
be entitled to receive payout on the value and number of the applicable Performance Units or Performance Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding
performance goals have been achieved and any other non-performance terms met. 
 (d) Form and Timing of Payment of
Performance Units and Performance Shares. Payment of earned Performance Units and Performance Shares shall be as determined by the Committee and as evidenced in the Performance Award Agreement. Subject to the terms of the Plan, the Committee, in
its sole discretion, may pay earned Performance Units and Performance Shares in the form of cash, Stock, or other Awards (or in a combination thereof) equal to the value of the earned Performance Units or Performance Shares, as the case may be, at
the close of the applicable Performance Period, or as soon as practicable after the end of the Performance Period. Any Stock may be granted subject to any restrictions deemed appropriate by the Committee. The determination of the Committee with
respect to the form of payout of such Awards shall be set forth in the Performance Award Agreement pertaining to the grant of the Performance Award. 
 (e) Nontransferability. Except as otherwise provided in a Performance Award Agreement or otherwise at any time by the Committee, Performance Units and Performance Shares may not be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except as otherwise provided in a Performance Award Agreement or otherwise determined at any time by the
Committee, a Participant’s rights under the Plan shall be exercisable during his lifetime only by such Participant. 

  
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 (f) Termination of Employment or Service. Except as may otherwise be provided by the
Committee in the Performance Award Agreement, if, prior to the time that the applicable Performance Period has expired, a Participant undergoes a Termination with the Employer for any reason, all of such Participant’s Performance Awards shall
be forfeited by the Participant to the Company for no consideration. 
 (g) Performance Objectives. 

(i) Each Performance Award shall specify the Performance Objectives that must be achieved before such Award shall become
vested and payable. The Company also may specify a minimum acceptable level of achievement below which no payment will be made and may set forth a formula for determining the amount of any payment to be made if performance is at or above such
minimum acceptable level but falls short of the maximum achievement of the specified Performance Objectives. 

(ii) Performance Objectives may be described in terms of Company-wide objectives or objectives that are related to the
performance of an individual Participant or the Employer, division, department, or function within the Company or the Participant’s Employer. Performance Objectives may be measured on an absolute or relative basis. Relative performance may be
measured by comparison to a group of peer companies or to a financial market index. Performance Objectives shall be limited to specified levels of or increases in one or more of the following: return on equity; diluted earnings per share; net
earnings; total earnings; earnings growth; return on capital; working capital turnover; return on assets; earnings before interest and taxes; earnings before interest, taxes, depreciation, and amortization; sales; sales growth; gross margin; return
on investment; increase in the fair market value per share; share price (including but not limited to, growth measures and total stockholder return); operating profit; cash flow (including, but not limited to, operating cash flow and free cash
flow); cash flow return on investment (which equals net cash flow divided by total capital); inventory turns; financial return ratios; total return to stockholders; market share; earnings measures/ratios; economic value added; balance sheet
measurements including (but not limited to receivable turnover); internal rate of return; and expense targets. 

(iii) The Committee shall adjust Performance Objectives and the related minimum acceptable level of achievement if, in the
sole judgment of the Committee, events or transactions have occurred after the applicable date of grant of a Performance Award that are unrelated to the performance of the Company and/or Participant and result in a distortion of the Performance
Objectives or the related minimum acceptable level of achievement. Potential transactions or events giving rise to adjustment include but are not limited to (i) restructurings, discontinued operations, extraordinary items or events, and other
unusual or non-recurring charges; (ii) an event either not directly related to the operations of the Company or not within the reasonable control of the Company’s management; and (iii) a change in tax law or accounting standards
required by generally accepted accounting principles. 

  
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	 	8.	Other Stock-Based Awards. 

The Committee is authorized, subject to limitations under applicable law, to grant to Participants such other Awards that may be
denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Stock, as deemed by the Committee to be consistent with the purposes of the Plan, including, without limitation, Restricted Stock Units and
Stock Appreciation Rights. The Committee may also grant Stock as a bonus, or may grant other awards in lieu of obligations of the Company or a Subsidiary to pay cash or deliver other property under this Plan or under other plans or compensatory
arrangements, subject to such terms as shall be determined by the Committee. The terms and conditions applicable to such Awards shall be determined by the Committee and evidenced by Award agreements, which agreements need not be identical.

  

	 	9.	Adjustment for Recapitalization, Merger, etc. 

 (a) Capitalization Adjustments. The aggregate number of shares of Stock that may be granted or purchased pursuant to Awards (as set forth in Section 4 hereof), the number of shares of Stock
covered by each outstanding Award, and the price per share thereof in each such Award shall be equitably and proportionally adjusted or substituted, as determined by the Committee, as to the number, price, or kind of a share of Stock or other
consideration subject to such Awards (i) in the event of changes in the outstanding Stock or in the capital structure of the Company by reason of stock dividends, stock splits, reverse stock splits, recapitalizations, reorganizations, mergers,
consolidations, combinations, exchanges, or other relevant changes in capitalization occurring after the date of grant of any such Award (including any Corporate Event, as defined below); (ii) in connection with any extraordinary dividend
declared and paid in respect of shares of Stock, whether payable in the form of cash, stock, or any other form of consideration; or (iii) in the event of any change in applicable laws or circumstances that results in or could result in, in
either case, as determined by the Committee in its sole discretion, any substantial dilution or enlargement of the rights intended to be granted to, or available for, Participants in the Plan. 

(b) Corporate Events. Notwithstanding the foregoing, except as may otherwise be provided in an Award agreement, in connection with
(i) a merger or consolidation involving the Company in which the Company is not the surviving corporation; (ii) a merger or consolidation involving the Company in which the Company is the surviving corporation but the holders of shares of
Stock receive securities of another corporation and/or other property, including cash; (iii) a Change in Control; or (iv) the reorganization or liquidation of the Company (each, a “Corporate Event”), the Committee may, in
its discretion, provide for any one or more of the following: 
 (1) that such Awards be assumed or substituted
in connection with such Corporate Event, in which case, the Awards shall be subject to the adjustment set forth in subsection (a) above, and to the extent such Awards are Performance Awards or other Awards that vest subject to the achievement
of performance criteria, such Performance Objectives or similar performance criteria shall be appropriately adjusted to reflect the Corporate Event; 

  
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 (2) that the vesting of any Awards shall be accelerated, subject to the
consummation of such Corporate Event; 
 (3) that any or all vested and/or unvested Awards be cancelled as of the
consummation of such Corporate Event, and that Participants holding vested Awards (including any Awards that would vest upon the Corporate Event but for such cancellation) so cancelled will receive a payment in respect of cancellation of their
Awards based on the amount of the per-share consideration being paid for the Stock in connection with such Corporate Event, less, in the case of Options, Stock Appreciation Rights, and other Awards subject to exercise, the applicable exercise price;
provided, however, that holders of Options, Stock Appreciation Rights, and other Awards subject to exercise shall only be entitled to consideration in respect of cancellation of such Awards if the per-share consideration less the applicable
exercise price is greater than zero (and to the extent the per-share consideration is less than or equal to the applicable exercise price, such Awards shall be cancelled for no consideration); and 

(4) that Awards (other than Awards that are “stock rights” within the meaning of Section 409A of the Code)
be replaced with a cash incentive program that preserves the value of the Awards so replaced (determined as of the consummation of the Corporate Event), with subsequent payment of cash incentives subject to the same vesting conditions as applicable
to the Awards so replaced, and payment to be made within thirty (30) days of the applicable vesting date. 
 Payments to holders pursuant
to clause (3) above shall be made in cash or, in the sole discretion of the Committee, in the form of such other consideration necessary for a Participant to receive property, cash, or securities (or combination thereof) as such Participant
would have been entitled to receive upon the occurrence of the transaction if the Participant had been, immediately prior to such transaction, the holder of the number of shares of Stock covered by the Award at such time (less any applicable
exercise price). In addition, in connection with any Corporate Event, prior to any payment or adjustment contemplated under this subsection (b), the Committee may require a Participant to (i) represent and warrant as to the unencumbered title
to his Awards, (ii) bear such Participant’s pro rata share of any post-closing indemnity obligations, and be subject to the same post-closing purchase price adjustments, escrow terms, offset rights, holdback terms, and similar conditions
as the other holders of Stock; and (iii) deliver customary transfer documentation as reasonably determined by the Committee. 
 (c) Fractional Shares. Any adjustment provided under this Section 9 may provide for the elimination of any fractional share that might otherwise become subject to an Award. 

 

	 	10.	Use of Proceeds. 

 The
proceeds received from the sale of Stock pursuant to the Plan shall be used for general corporate purposes. 

  
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	 	11.	Rights and Privileges as a Stockholder. 

 Except as otherwise specifically provided in the Plan, no person shall be entitled to the rights and privileges of stock ownership in respect of shares of Stock that are subject to Awards hereunder until
such shares have been issued to that person. 
  

	 	12.	Employment or Service Rights. 

 No individual shall have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for a grant of any other Award. Neither the Plan nor
any action taken hereunder shall be construed as giving any individual any right to be retained in the employ or service of the Company or a Subsidiary. 
  

	 	13.	Compliance With Laws. 

The obligation of the Company to deliver Stock upon vesting and/or exercise of any Award shall be subject to all applicable laws, rules,
and regulations, and to such approvals by governmental agencies as may be required. Notwithstanding any terms or conditions of any Award to the contrary, the Company shall be under no obligation to offer to sell or to sell, and shall be prohibited
from offering to sell or selling any shares of Stock pursuant to an Award unless such shares have been properly registered for sale with the Securities and Exchange Commission pursuant to the Securities Act or unless the Company has received an
opinion of counsel, satisfactory to the Company, that such shares may be offered or sold without such registration pursuant to an available exemption therefrom and the terms and conditions of such exemption have been fully complied with. The Company
shall be under no obligation to register for sale or resale under the Securities Act any of the shares of Stock to be offered or sold under the Plan or any shares of Stock issued upon exercise or settlement of Awards. If the shares of Stock offered
for sale or sold under the Plan are offered or sold pursuant to an exemption from registration under the Securities Act, the Company may restrict the transfer of such shares and may legend the Stock certificates representing such shares in such
manner as it deems advisable to ensure the availability of any such exemption. 
  

	 	14.	Withholding Obligations. 

As a condition to the vesting and/or exercise of any Award, the Committee may require that a Participant satisfy, through deduction or
withholding from any payment of any kind otherwise due to the Participant, or through such other arrangements as are satisfactory to the Committee, the minimum amount of all federal, state, and local income and other taxes of any kind required or
permitted to be withheld in connection with such vesting and/or exercise. The Committee, in its discretion, may permit shares of Stock to be used to satisfy tax withholding requirements, and such shares shall be valued at their Fair Market Value as
of the settlement date of the Award; provided, however, that the aggregate Fair Market Value of the number of shares of Stock that may be used to satisfy tax withholding requirements may not exceed the minimum statutorily required withholding
amount with respect to such Award. 

  
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	 	15.	Amendment of the Plan or Awards. 

 (a) Amendment of Plan. The Board at any time, and from time to time, may amend the Plan; provided, however, that the Board shall not, without stockholder approval, make any amendment
to the Plan that requires stockholder approval pursuant to applicable law or the applicable rules of the national securities exchange on which the Stock is principally listed. 
 (b) Amendment of Awards. The Board or the Committee, at any time, and from time to time, may amend the terms of any one or more Awards; provided, however, that the rights under any Award
shall not be impaired by any such amendment unless the Participant consents in writing (it being understood that no action taken by the Board or the Committee that is expressly permitted under the Plan, including, without limitation, any actions
described in Section 9 hereof, shall constitute an amendment of an Award for such purpose). Notwithstanding the foregoing, subject to the limitations of applicable law, if any, and without an affected Participant’s consent, the Board or
the Committee may amend the terms of any one or more Awards if necessary to bring the Award into compliance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including
without limitation any such regulations or other guidance that may be issued or amended after the Effective Date. 
 (c) No
Repricing of Awards without Stockholder Approval. Notwithstanding subsection (a) or (b) above, or any other provision of the Plan, repricing of Awards shall not be permitted without stockholder approval. For this purpose, a
“repricing” means any of the following (or any other action that has the same effect as any of the following): (i) changing the terms of an Award to lower its exercise price (other than on account of capital adjustments
resulting from share splits, etc., as described in Section 9(a)); (ii) any other action that is treated as “repricing” under generally accepted accounting principals; and (iii) repurchasing for cash or canceling an
Award in exchange for another Award at a time when its exercise price is greater than the Fair Market Value of the underlying Stock, unless the cancellation and exchange occurs in connection with an event set forth in Section 9(b). 

 

	 	16.	Termination or Suspension of the Plan. 

 The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on the day before the tenth (10th) anniversary of the date the Plan is adopted by the Board. No Awards may be granted under the Plan while the Plan
is suspended or after it is terminated. 
  

	 	17.	Effective Date of the Plan. 

 The Plan is effective as of the Effective Date. 
  

	 	18.	Miscellaneous. 

 (a)
Certificates. Stock acquired pursuant to Awards granted under the Plan may be evidenced in such a manner as the Committee shall determine. If certificates representing Stock are registered in the name of the Participant, the Committee may
require that such certificates bear an appropriate legend referring to the terms, conditions, and restrictions 

  
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applicable to such Stock, that the Company retain physical possession of the certificates, and that the Participant deliver a stock power to the Company, endorsed in blank, relating to the Stock.
Notwithstanding the foregoing, the Committee may determine, in its sole discretion, that the Stock shall be held in book entry form rather than delivered to the Participant pending the release of any applicable restrictions. 

(b) Clawback/Recoupment Policy. Notwithstanding anything contained herein to the contrary, all Awards granted under the Plan shall
be and remain subject to any incentive compensation clawback or recoupment policy currently in effect or as may be adopted by the Board, and in each case, as may be amended from time to time. Any such policy adoption or amendment shall in no event
require the prior consent of any Participant. 
 (c) Participants Outside of the United States. The Committee may modify
the terms of any Award under the Plan made to or held by a Participant who is then a resident or primarily employed outside of the United States in any manner deemed by the Committee to be necessary or appropriate in order that such Award shall
conform to laws, regulations, and customs of the country in which the Participant is then a resident or primarily employed, or so that the value and other benefits of the Award to the Participant, as affected by foreign tax laws and other
restrictions applicable as a result of the Participant’s residence or employment abroad, shall be comparable to the value of such Award to a Participant who is a resident or primarily employed in the United States. An Award may be modified
under this Section 18(b) in a manner that is inconsistent with the express terms of the Plan, so long as such modifications will not contravene any applicable law or regulation or result in actual liability under Section 16(b) of the
Exchange Act for the Participant whose Award is modified. Additionally, the Committee may adopt such procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Eligible Persons who are foreign nationals or
employed outside the United States. 
 (d) No Liability of Committee Members. No member of the Committee shall be
personally liable by reason of any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee or for any mistake of judgment made in good faith, and the Company shall indemnify and hold
harmless each member of the Committee and each other employee, officer, or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated, against all costs and expenses
(including counsel fees) and liabilities (including sums paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such person’s own fraud or willful misconduct; provided,
however, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which
such persons may be entitled under the Company’s certificate or articles of incorporation or by-laws, each as may be amended from time to time, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold
them harmless. 
 (e) Payments Following Accidents or Illness. If the Committee shall find that any person to whom any
amount is payable under the Plan is unable to care for his affairs because of illness or accident, or is a minor, or has died, then any payment due to such person or his estate (unless a prior claim therefor has been made by a duly appointed legal
representative) 

  
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may, if the Committee so directs the Company, be paid to his spouse, child, relative, an institution maintaining or having custody of such person, or any other person deemed by the Committee to
be a proper recipient on behalf of such person otherwise entitled to payment. Any such payment shall be a complete discharge of the liability of the Committee and the Company therefor. 

(f) Governing Law. The Plan shall be governed by and construed in accordance with the internal laws of the State of Delaware
without reference to the principles of conflicts of laws thereof. 
 (g) Funding. No provision of the Plan shall require
the Company, for the purpose of satisfying any obligations under the Plan, to purchase assets or place any assets in a trust or other entity to which contributions are made or otherwise to segregate any assets, nor shall the Company maintain
separate bank accounts, books, records, or other evidence of the existence of a segregated or separately maintained or administered fund for such purposes. Participants shall have no rights under the Plan other than as unsecured general creditors of
the Company, except that insofar as they may have become entitled to payment of additional compensation by performance of services, they shall have the same rights as other employees under general law. 

(h) Reliance on Reports. Each member of the Committee and each member of the Board shall be fully justified in relying, acting or
failing to act, and shall not be liable for having so relied, acted, or failed to act in good faith, upon any report made by the independent public accountant of the Company and its Subsidiaries and upon any other information furnished in connection
with the Plan by any person or persons other than such member. 
 (i) Titles and Headings. The titles and headings of the
sections in the Plan are for convenience of reference only, and in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 
 *        *        * 

  
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