Document:

EX-4.14

 Exhibit 4.14 
 FISCAL YEAR 2013 FORM OF 
 AWARD AGREEMENT FOR PERFORMANCE SHARES

 UNDER THE 
 VASCO DATA SECURITY INTERNATIONAL, INC. 
 2009 EQUITY INCENTIVE PLAN

 THIS AWARD AGREEMENT FOR RESTRICTED SHARES (this “Agreement”) is made as of January 7, 2013
(the “Effective Date”), between VASCO DATA SECURITY INTERNATIONAL, INC. (the “Company”) and                     
(the “Grantee”). 
 WHEREAS, the Company maintains the VASCO Data Security International, Inc. 2009
Equity Incentive Plan (as amended, the “Plan”) for the benefit of its employees, directors, consultants, and other individuals who provide services to the Company; and 

WHEREAS, to compensate the Grantee for his service to the Company and to further align the Grantee’s personal financial
interests with those of the Company’s shareholders, the Company wishes to award the Grantee a number of shares of Common Stock (as defined below), subject to the restrictions, terms and conditions contained in the Plan and this Agreement.

 NOW, THEREFORE, in consideration of these premises and the agreements set forth herein, the parties, intending to be
legally bound hereby, agree as follows: 
 1. Grant of Restricted Shares. The Company hereby grants to the Grantee an award of the
shares set forth on Exhibit A hereto (the “Awarded Shares”) of the Company’s common stock, par value of $0.001 per share (the “Common Stock”), subject to the terms and conditions set forth in this
Agreement and in the Plan. The terms of the Plan are hereby incorporated into this Agreement by this reference, as though fully set forth herein. Capitalized terms used but not defined in this Agreement have the meanings set forth in the Plan.

 2. Vesting of Awarded Shares. Subject to Section 11, the Awarded Shares are subject to forfeiture to the Company
until they become vested in accordance with this Section 2. 
 (a) Performance Period. The number of Awarded
Shares that are earned and thereafter subject to vesting (the “Earned Shares”) shall be determined by the Compensation Committee, in its sole and absolute discretion, in accordance with Exhibit A, based upon the
Company’s achievement relative to the Performance Target during the period commencing on January 1, 2013 and ending on December 31, 2013 (the “Performance Period”). Upon the determination that some number of Awarded
Shares are Earned Shares, subject to Section 11, 25% of the Earned Shares shall be vested. For the avoidance of doubt, the Awarded Shares shall be automatically forfeited in their entirety if the Performance Target is not achieved at
least at the minimum threshold level. 
 (b) Time Vesting Period. Subject to Section 11, the Earned Shares
will be subject to additional vesting, in accordance with the following schedule (the “Time Vesting Period”), provided that on each vesting date, the Grantee has, from the Effective Date, continuously provided services to the
Company or a subsidiary: 
 (A) An additional 25% of the Earned Shares will vest on the second anniversary of the Effective Date;

 (B) An additional 25% of the Earned Shares will vest on the third anniversary of the
Effective Date; and 
 (C) The final 25% of the Earned Shares will vest on the fourth anniversary of the Effective Date.

 Any Awarded Shares that have not vested pursuant to this Section 2 will be automatically forfeited. 

(c) In the event of the occurrence of a Change in Control that is a Company Transaction prior to the expiration of the Performance Period,
any remaining Awarded Shares outstanding as of the date of the Change in Control shall be prorated (based on the ratio of (x) the number of days that have elapsed in the Performance Period to (y) the total number of days in the Performance
Period) at the target (100%) performance level up to and including the date of such Change in Control (the “Prorated Shares”) and the Grantee shall be vested in the Prorated Shares immediately prior to (and contingent on) the
Change in Control; provided, however, that if the Company Transaction is a sale of assets or otherwise does not result in direct receipt of consideration by the holders of Common Stock, the Grantee shall receive, in exchange for and in
lieu of the Prorated Shares, a cash payment equal to the product of (1) the value of the deemed per share consideration received by the Company in the Company Transaction, in each case as determined by the Compensation Committee, multiplied by
(2) the number of Prorated Shares. 
 (d) In the event of (i) the occurrence of a Change in Control that is a Company
Transaction during the Time Vesting Period and (ii) the Grantee’s termination of employment for reasons other than (A) quit without Good Reason or (B) Cause, during the one-year period following the Change in Control, 100% of any
Earned Shares that are then subject to the Time Vesting Period will become vested immediately prior to (and contingent upon) such termination of employment. 
 (e) If the Grantee’s service with the Company ceases by reason of the Grantee’s death or Disability prior to the expiration of the Performance Period, 100% of the Awarded Shares based upon the
target (100%) performance level will become vested immediately prior to (and contingent on) the occurrence of such death or Disability. If the Grantee’s service with the Company ceases by reason of the Grantee’s death or Disability
during the Time Vesting Period, 100% of the Earned Shares that are then subject to the Time Vesting Period, will become vested immediately prior to (and contingent on) the occurrence of such death or Disability. Notwithstanding the foregoing, a
Disability will not qualify if it is the result of (A) a willfully self-inflicted injury or willfully self-induced sickness; or (B) an injury or disease contracted, suffered, or incurred while participating in a criminal offense. The
determination of Disability will be made by the Committee. The determination of Disability for purposes of this Agreement shall not be construed to be an admission of disability for any other purpose. 

(f) Except as provided in Sections 2(c), 2(d) and 2(e), upon cessation of the Grantee’s service with the Company
for any reason or for no reason (and whether such 

  
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 cessation is initiated by the Company, the Grantee or otherwise): (i) any Awarded
Shares that have not, prior to such cessation, become vested will immediately and automatically, without any action on the part of the Company, be forfeited, and (ii) the Grantee shall have no further rights with respect to those Awarded
Shares. 
 (g) Solely for purposes of this Agreement, service with the Company shall be deemed to include service with any
subsidiary of the Company (for only so long as such entity remains a subsidiary). 
 (h) For purposes of this Agreement,
“Cause” and “Wrongful Act” mean: 
 (i) Grantee materially breaches Grantee’s obligations
under any employment, consulting, or other agreement between the Grantee (or any entity of which Grantee is an affiliate) and the Company (each, a “Company Agreement”); 

(ii) Grantee materially breaches Grantee’s obligations under the Company’s Code of Ethics and Conduct (or any successor thereto)
or an established policy of the Company; 
 (iii) Grantee engages in conduct prohibited by law (other than minor violations),
commits an act of dishonesty, fraud, or serious or willful misconduct in connection with Grantee’s job duties, or engages in unethical or immoral conduct that, in the reasonable judgment of the Committee, could injure the integrity, character
or reputation of Company; 
 (iv) Grantee fails or refuses to perform, or habitually neglects, Grantee’s duties and
responsibilities under any Company Agreement (other than on account of Disability), and continues such failure, refusal or neglect after having been given written notice by the Company that specifies what duties Grantee failed to perform and an
opportunity to cure of 30 days; 
 (v) Use or disclosure by Grantee of confidential information or trade secrets other than in
the furtherance of the Company’s (or its subsidiaries’) business interests, or other violation of a fiduciary duty to the Company (including, without limitation, entering into any transaction or contractual relationship causing diversion
of business opportunity from the Company (other than with the prior written consent of the Board)); or 
 (vi) Grantee fails to
reasonably cooperate with any audit or investigation involving the Company or its business practices after having been given written notice by the Company that specifies Grantee’s failure to cooperate and an opportunity to cure of 10 days.

 3. Escrow of Shares. 
 (a) Certificates evidencing the Awarded Shares issued under this Agreement shall be held in escrow by the Secretary of the Company or his or her designee (the “Escrow

  
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Holder”) (or, if the Awarded Shares are not certificated, shall be entered in the stock record books of the Company as held in escrow by the Escrow Holder) until such Awarded Shares
are earned and vested in accordance with Section 2, at which time, the Escrow Holder shall deliver such certificates representing the vested and earned Awarded Shares to the Grantee (or, if the Awarded Shares are not certificated, the
Awarded Shares shall be entered in the stock record books of the Company as held and owned by the Grantee); provided, however, that no certificates for Awarded Shares will be delivered to the Grantee (or, if the Awarded Shares are not
certificated, no transfer of the Awarded Shares will be entered in the stock record books of the Company) until appropriate arrangements have been made with the Company for the withholding or payment of any taxes that may be due with respect to such
Awarded Shares. 
 (b) If any of the Awarded Shares are forfeited by the Grantee under Section 2, upon request by the
Company, the Escrow Holder will deliver any stock certificate(s) evidencing those Awarded Shares to the Company (or, if the Awarded Shares are not certificated, such forfeiture will be entered in the stock record books of the Company), and the
Company will then have the right to retain and transfer those Awarded Shares to its own name free and clear of any rights of the Grantee under this Agreement or otherwise. 
 (c) The Escrow Holder is hereby directed to permit transfer of the Awarded Shares only in accordance with this Agreement or in accordance with instructions signed by both parties hereto. In the event
further instructions are reasonably desired by the Escrow Holder, he or she will be entitled to conclusively rely upon directions executed by a majority of the members of the Board. The Escrow Holder will have no liability for any act or omissions
hereunder while acting in good faith in the exercise of his or her own judgment. 
 4. Stock Splits, etc. If, while any of the
Awarded Shares remain subject to vesting under Section 2, there occurs any merger, consolidation, reorganization, reclassification, recapitalization, stock split, stock dividend, or other similar change in the Common Stock, then any and
all new, substituted or additional securities or other consideration to which the Grantee is entitled by reason of the Grantee’s ownership of the Awarded Shares will be immediately subject to the escrow contemplated by Section 3,
deposited with the Escrow Holder and will thereafter be included in the term “Awarded Shares” for all purposes of the Plan and this Agreement. 
 5. Dividends and Distributions During Performance Period. The Grantee will have no rights to dividends or Dividend Equivalents with respect to any of the Awarded Shares until, and then only
to the extent of, the determination under Section 2(a) that they are Earned Shares; provided, however, that any cash dividends or distributions paid in respect of the Earned Shares during the Time Vesting Period and while
those shares remain subject to forfeiture will become vested and delivered to the Grantee only if and when the Earned Shares giving rise to such dividends or distributions become vested under Section 2. 

6. Tax Consequences. The Grantee acknowledges that the Company has not advised the Grantee regarding the Grantee’s income tax
liability in connection with the grant, receipt or 

  
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vesting of the Awarded Shares. The Grantee has reviewed with the Grantee’s own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions
contemplated by this Agreement. The Grantee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Grantee understands that the Grantee (and not the Company) will be responsible for
the Grantee’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. 
 7. Restrictions on
Unvested Awarded Shares. Except for the escrow described in Section 3 or the forfeiture of Awarded Shares to the Company described in Section 2, the Grantee may not sell, pledge, assign, encumber, hypothecate, gift,
transfer, bequeath, devise, donate or otherwise dispose of, in any way or manner whatsoever, whether voluntary or involuntary, any legal or beneficial interest in any of the Awarded Shares until the Awarded Shares become vested in accordance with
Section 2; provided, however, that the restrictions of this Section 7 shall not apply to any transfer i) pursuant to applicable laws of descent and distribution or (ii) among Grantee’s family group;
provided that such restrictions will continue to be applicable to the Awarded Shares after any such transfer and the transferees of such Awarded Shares have agreed in writing to be bound by the provisions of this Agreement. Grantee’s
“family group” means Grantee’s spouse and descendants (whether natural or adopted) and any trust solely for the benefit of Grantee and/or Grantee’s spouse and/or descendants during Grantee’s lifetime. 

8. Legend. Share certificates evidencing Awarded Shares will bear the following legend to be placed on all certificates evidencing any
Awarded Shares (in addition to any other legends that may be required to be placed on such certificates pursuant to the Plan, applicable law or otherwise): 
 THE TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE) OF THE VASCO DATA SECURITY INTERNATIONAL, INC. 2009 EQUITY
INCENTIVE PLAN AND AN AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND VASCO DATA SECURITY INTERNATIONAL, INC. COPIES OF SUCH PLAN AND AGREEMENT ARE ON FILE IN THE PRINCIPAL OFFICES OF VASCO DATA SECURITY INTERNATIONAL, INC. AND WILL BE MADE
AVAILABLE TO ANY SHAREHOLDER WITHOUT CHARGE UPON REQUEST TO THE SECRETARY OF THE COMPANY. 
 Upon request by the Grantee, following vesting
of the Awarded Shares pursuant to Section 2, the Company will remove the legend from the certificates evidencing such vested Awarded Shares. 
 9. Rights of Grantee. Grantee shall have no voting rights or any other rights of a shareholder of the Company in any Awarded Shares until, and then only to the extent of, the determination
under Section 2(a) that they are Earned Shares. During the Time Vesting Period, Grantee will have all of the rights of a shareholder of the Company with respect to the Earned Shares, including the right to vote such shares and, subject
to Section 4 and Section 5 and the provisions of the Plan, the right to receive any distributions or dividends payable on such shares. 

  
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 10. Securities Laws. The Company may from time to time impose any conditions on the Awarded
Shares as it deems necessary or advisable to ensure that the Plan satisfies the conditions of Rule 16b-3 adopted under the Securities and Exchange Act of 1934 and otherwise complies with applicable rules and laws. 

11. Recoupment of Awarded Shares. Notwithstanding anything in this Agreement to the contrary, if the Company determines that the
Grantee’s Wrongful Act was a significant contributing factor to the Company or a subsidiary having to restate all or a portion of its financial statements, all outstanding Awarded Shares will immediately and automatically be forfeited and the
Grantee shall promptly repay to the Company any Common Stock, cash or other property paid in respect of any Awarded Share during the Recoupment Period. 
  

	12.	General Provisions 

(a) This Agreement, together with the Plan, represent the entire agreement between the parties with respect to the purchase of the Awarded
Shares and may only be modified or amended in a writing signed by both parties. 
 (b) Any notice, demand or request required or
permitted to be given by either the Company or the Grantee pursuant to the terms of this Agreement must be in writing and will be deemed given (i) on the date and at the time delivered via personal, courier or recognized overnight delivery
service, (ii) if sent via telecopier on the date and at the time telecopied with confirmation of delivery, (iii) if sent via e-mail or other electronic delivery and receipt is confirmed, on the date and at the time received, or
(iv) if mailed, on the date five days after the date of the mailing (which must be by registered or certified mail). Delivery of a notice by telecopy (with confirmation) or by e-mail or other electronic delivery (with confirmation or receipt)
will be permitted and will be considered delivery of a notice notwithstanding that it is not an original that is received. Any notice to Grantee under this Agreement will be made to Grantee at the address (or telecopy number, email or other
electronic address, as the case may be) listed in the Company’s personnel files. If directed to the Company, any such notice, demand or request will be sent to the Chairman of the Committee at the Company’s principal executive office, or
to such other address or person as the Company may hereafter specify in writing. Any notice to the Escrow Holder will be sent to the Company’s address, with a copy to the other party not sending the notice. 

(c) The Company may condition delivery of certificates for Awarded Shares (or, if the Awarded Shares are not certificated, the entry in
the stock record books of the Company of the transfer to the Grantee of the Awarded Shares) upon the prior receipt from Grantee of any undertakings which it may determine are required to assure that the certificates are being issued in compliance
with federal and state securities laws. 
 (d) The Grantee has received a copy of the Plan, has read the Plan and is familiar
with its terms, and hereby accepts the Awarded Shares subject to all of the terms and provisions of the Plan, as amended from time to time. Pursuant to the Plan, the Board and the Committee are authorized to interpret the Plan and to adopt rules and
regulations not inconsistent with the Plan as they deem appropriate. The Grantee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board or the Committee upon any questions arising under the Plan.

  
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 (e) Neither this Agreement nor any rights or interest hereunder will be assignable by the
Grantee, the Grantee’s beneficiaries or legal representatives, and any purported assignment in violation hereof will be null and void. 
 (f) Either party’s failure to enforce any provision or provisions of this Agreement will not in any way be construed as a waiver of any such provision or provisions, nor prevent that party thereafter
from enforcing each and every other provision of this Agreement. The rights granted both parties herein are cumulative and will not constitute a waiver of either party’s right to assert all other legal remedies available to it under the
circumstances. 
 (g) The grant of Awarded Shares hereunder does not confer upon the Grantee any right to continue in service
with the Company or any of its subsidiaries. 
 (h) The Awarded Shares and any related dividends or distributions are intended to
be exempt from the requirements of Internal Revenue Code Section 409A. 
 (i) This Agreement shall be governed by, and
enforced in accordance with, the laws of the State of Delaware, without regard to the application of the principles of conflicts or choice of laws. 
 (j) This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall be deemed to be one and the same instrument. In the event that
any signature to this Agreement is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof. 

[Signature Page Follows] 

  
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 [SIGNATURE PAGE TO AWARD AGREEMENT FOR PERFORMANCE SHARES] 

IN WITNESS WHEREOF, the parties have duly executed this Award Agreement intending it to be effective as of the first date written
above. 
  

			
	VASCO DATA SECURITY INTERNATIONAL, INC.
		
	By:	 	  

		
	Its:	 	  

		
		 	 

		 	[GRANTEE]

  
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 Exhibit A 
 Awarded Shares 
 The number of Earned Shares, if any, will be dependent on the
Company’s achievement of the Performance Target as defined below: 
 The “Performance Target” shall be combined revenues
of $            attributable to VASCO cloud-based service offerings, DIGIPASS as a Service (DPS) and MYDIGIPASS.COM (MDPC), for the Performance Period. Revenues shall be measured in
accordance with U.S. generally accepted accounting principles as reported in the Company’s audited financial statements. 
 Awarded
Shares: 
 The target number of Awarded Shares for 100% achievement of the Performance Target is:
[                    ] 
 The
following table shows the number of Awarded Shares that will be earned (i.e. become Earned Shares) and will be payable to the Grantee (subject to vesting as provided in Section 2 of the Award Agreement) based on achievement of the
Performance Target at various levels: 
  

							
			
	 Percentage Achievement of Performance Target
	  	Percentage of Awarded Shares earned
(as a percentage of the target
number
of Awarded Shares)*	 	 	Number of Earned Shares
	 (Minimum threshold level) (66.67%)$xxxM
	  	 	50	% 	 	
	 (target)(100%)$yyyM
	  	 	100	% 	 	
	 (maximum)133.33% $zzzM or higher
	  	 	160	% 	 	

  

	 	•	 	 No shares are earned if actual performance is less than the minimum threshold level. 

 

	 	•	 	 The maximum number of Earned Shares is 160% of the target number of Awarded Shares. 

 

	 	•	 	 The number of Earned Shares that will be earned and payable for achievement of performance levels between the stated Performance Target achievement
percentages shall be interpolated. 

  
 9EX-10.(n)

 Exhibit 10(n) 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this
“Agreement”) is made and entered into as of the 10th day of October, 2012, by and between BLOUNT INTERNATIONAL, INC., a Delaware corporation (the “Company”), and Paul A. Valas (“Executive”). 

W I T N E S S E T H: 
 RECITALS 
  

	 	A.	The Company desires to continue to employ and retain the unique experience, abilities, and services of Executive, and Executive desires to continue to be
employed by the Company, subject to the terms and conditions of this Agreement. 

  

	 	B.	As President of the Farm, Ranch, and Agriculture (“FRAG”) Segment of the Company, Executive will be engaged in administrative, executive, or
professional work in connection with Executive’s employment with the Company. Executive will perform predominantly intellectual, managerial, or creative tasks and will earn a salary and be paid on a salary basis.

  

	 	C.	The Company will have a protectable interest in connection with Executive’s employment with the Company. Executive will have access to trade secrets or will
have access to competitively sensitive confidential business and professional information that otherwise might not qualify as a trade secret, including product development plans, product launch plans, marketing strategy, or sales plans.

  

	 	D.	Executive’s employment is currently subject to an Employment Agreement dated December 14, 2009 (the “Old Agreement”). The parties intend for
this Agreement to supersede the Old Agreement, except that Section 3(d), clause (i) of the Old Agreement, which contains a non-competition provision entered into upon commencement of Executive’s employment, shall continue in full
force and effect, the language of which has been replicated in its entirety in Section 3(d) hereof. 

AGREEMENT 

1. Employment and Term. 
 (a) Subject to the terms and conditions of this Agreement, the Company hereby employs Executive, and Executive hereby accepts employment as the Company’s President of the FRAG Segment, and shall have
such responsibilities, duties and authority that are consistent with such positions as may be from time to time assigned to Executive by the Chief Executive Officer (the “CEO”) (or the CEO’s designee). Executive will comply with the
reasonable instructions, policies, and rules that the Company may establish from time to time. During the Term, Executive will devote Executive’s full time and attention to the performance of Executive’s duties under this Agreement and
will discharge Executive’s duties to the best of Executive’s ability, in good faith, with the care an ordinarily prudent person in a like position would exercise under similar circumstances, and in a manner Executive reasonably believes to
be in the best interests of the Company. 

 (b) Unless earlier terminated as provided herein, Executive’s employment under this
Agreement shall be for a one-year term (the “Initial Term”) commencing on October 10, 2012 (the “Effective Date”). At the end of the Initial Term, this Agreement shall extend automatically without further action by either
the Company or Executive for successive additional one (1) year periods (the Initial Term and the successive one-year extension periods are hereinafter referred to as the (“Term”) unless either party delivers to the other written
notice of its decision not to extend this Agreement, in which event this the “Term” of this Agreement shall be the one-year period following the date of such notice and this Agreement shall terminate upon the expiration of such Term,
further that the Term of this Agreement will cease to extend automatically one year prior to the date that Executive attains age 65. Following termination, those provisions that by their nature continue following termination, shall continue in full
force and effect. 
 (c) Executive represents and warrants to the Company that the signing and delivery of this Agreement by
Executive and the performance by Executive of all of Executive’s obligations under this Agreement will not (i) breach any agreement to which Executive is a party, or give any person the right to accelerate any obligation of Executive;
(ii) violate any law, judgment, or order to which Executive is subject; or (iii) require the consent, authorization, approval of any person, including but not limited to any governmental body. 

(d) Executive acknowledges that the terms of this employment relationship may be supplemented by policies adopted by the Company from
time to time. The Company may revise its policies at any time in its sole discretion. In the event of any conflict between the terms of this Agreement and the Company’s policies, the terms of this Agreement shall govern. 

(e) Executive understands that Executive’s employment relationship with the Company is “AT-WILL,” and that the Company
may, subject to the terms and conditions of this Agreement, terminate the relationship at any time for any reason or no reason. 

2. Compensation and Benefits. As compensation for Executive’s services during the Term of this Agreement, Executive shall be
paid and receive the amounts and benefits set forth in subsections (a) through (d) below: 
 (a) An annual base salary
(“Base Salary”) at a rate of Three Hundred and Fifty Thousand Dollars ($350,000.00) per year, prorated for any partial year of employment. Executive’s Base Salary shall be subject to annual review at such time as the Company conducts
salary reviews for its executives generally and may be increased accordingly. Executive’s salary shall be payable in substantially equal installments on a semi-monthly basis, or in accordance with the regular payroll practices in effect and
applicable to Executive from time to time. 
 (b) Executive shall be eligible to participate in the Company’s Executive
Management Annual Incentive Program (“Incentive Program”). The Company will establish performance goals for Executive each calendar year under the Incentive Program, and Executive’s annual Target Bonus shall be 50% of Base Salary; the
maximum award for exceeding the performance goals shall be established by the Company from time-to-time. The 

  
 Employment Agreement
– Paul A. Valas 

  
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annual incentive bonus payable under this subsection (b) shall be payable as a lump sum at the same time bonuses are paid to other executives after certification by the Compensation
Committee (or its designee) that the applicable performance objectives have been met, on or before March 15 of the following year. If permitted by the terms of the Incentive Program for the applicable calendar year, Executive may elect to defer
all or a portion of the bonus by making such election deferral by June 30 of each year; provided, however, that for this first calendar year, the election, if permitted, must be within thirty (30) days of the Effective Date. 

(c) Executive shall be entitled to participate in, or receive benefits under, any “employee benefit plan” (as defined in
Section 3(3) of ERISA) or employee benefit arrangement made generally available by the Company to its executives from time to time, including plans providing 401(k) benefits, matching and Savings Plus benefits, deferred compensation, health
care (including Exec-U-Care), dental and vision care, life insurance, disability, accidental death and similar benefits. 
 (d)
Executive will be entitled to vacation in accordance with the Company’s applicable vacation policy. Executive will be promptly reimbursed by Company for all reasonable business expenses he incurs in carrying out his duties and responsibilities
under this Agreement. 
 (e) Executive shall be eligible to participate in the annual Long Term Incentive Program (LTIP), as may
be administered from time to time by the Compensation Committee, pursuant to the terms of the written agreement evidencing any award that is granted thereby. 
 (f) The Executive previously purchased certain restricted stock, which will continue to be governed by the terms and restrictions under which such stock was purchased. 

3. Confidentiality and Noncompetition. 
 (a) For the purposes of this Section 3, Company shall include Blount International, Inc. and any of its subsidiaries and affiliates. Executive acknowledges that, prior to and during the Term of this
Agreement, the Company has furnished and will furnish to Executive Confidential Information which could be used by Executive on behalf of a competitor of the Company to the Company’s substantial detriment. Moreover, the parties recognize that
Executive, during the course of Executive’s employment with the Company, will develop important relationships with customers and others having valuable business relationships with the Company. In view of the foregoing, Executive acknowledges
and agrees that the restrictive covenants contained in this Section are reasonably necessary to protect the Company’s legitimate business interests and goodwill. If it is determined that any term of this Section 3 is overly broad or
unreasonable as applied to Executive, the parties agree that it is their mutual intention and agreement that these restrictive covenants be enforced to the fullest extent possible and the restrictive covenants shall be modified to the extent
necessary to accomplish such purpose. 
 (b) Executive agrees that Executive shall protect the Company’s Confidential
Information and shall not disclose to any Person, or otherwise use, except in connection with 
  

  
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– Paul A. Valas 

  
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Executive’s duties performed in accordance with this Agreement or otherwise for the Company, any Confidential Information at any time, including following the termination of Executive’s
employment with the Company for any reason; provided, however, that Executive may make disclosures required by a valid order or subpoena issued by a court or administrative agency of competent jurisdiction, in which event Executive will promptly
notify the Company of such order or subpoena to provide the Company an opportunity to protect its interests. Executive will promptly notify the Company of any unauthorized use or disclosure of Confidential Information, or any other breach of this
Section 3 and assist the Company in every reasonable way to retrieve any Confidential Information that was used or disclosed by Executive without the Company’s specific prior written authorization and to mitigate the harm caused by the
unauthorized use or disclosure. Executive’s obligations under this Section 3(b) shall survive any expiration or termination of this Agreement for any reason. 
 (c) Upon the termination or expiration of Executive’s employment hereunder, Executive agrees to deliver promptly to the Company all Company files, customer lists, management reports, memoranda,
research, Company forms, financial data and reports and other documents supplied to or created by Executive in connection with Executive’s employment hereunder (including all copies of the foregoing) in Executive’s possession or control,
and all of the Company’s equipment and other materials in Executive’s possession or control. Executive’s obligations under this Section 3(c) shall survive any expiration or termination of this Agreement. 

(d) Executive shall comply with Section 3(d), clause (i) of the Old Agreement, provided the reference to “Section 4.1(a)
below” shall refer to Section 4.2 of this Agreement and the reference to “this Agreement” shall refer to this Agreement instead of the Old Agreement. Executive reaffirms his continuing noncompetition obligations under
Section 3(d), clause (i) of the Old Agreement and agrees that those provisions are valid, enforceable, and continuing in full force and effect. Section 3(d), clause (i) of the Old Agreement reads as follows: 

“Upon the termination or expiration of his employment under this Agreement, Executive agrees that for a period of one (1) year
from his Date of Termination or until the end of the period for which he is entitled to receive compensation under Section 4.1(a) below, whichever is longer, he shall not (i) be employed by or provide services to any company or business
engaged in the design, manufacture, marketing or sale of any products similar to those produced or offered by the Company or its affiliates in the geographic areas of the world in which the Company conducts its principal manufacturing and sales
operations, including China, Brazil, Germany, and North America, provided that this noncompetition restriction shall in no event extend longer than two years from Executive’s Date of Termination.” 

(e) During the Term and for a period of one (1) year after Executive’s Date of Termination, Executive shall not (i) divert
or attempt to divert any person, concern or entity which is furnished products or services by the Company, with whom Executive had dealings while employed by the Company, from doing business with the Company or otherwise cause any

  
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– Paul A. Valas 

  
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person, concern or entity with whom he had dealings while employed by the Company to change its relationship with the Company, or (ii) solicit, lure or attempt to hire away any of the
employees of the Company with whom Executive interacted directly or indirectly, while employed with the Company. 
 (f)
Executive acknowledges that if Executive breaches or threatens to breach this Section 3, Executive’s actions may cause irreparable harm and damage to the Company that cannot be compensated in damages. Accordingly, if Executive breaches or
threatens to breach this Section 3, the Company shall be entitled to seek injunctive relief, in addition to any other rights or remedies available to the Company. This is an independent covenant on the part of Executive and the existence of any
claim or cause of action by Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of Executive’s agreement under this Section 3(f). 

4. Termination. 
 4.1 By Executive without Good Reason. Executive shall have the right to terminate Executive’s employment hereunder at any time by Notice of Termination (as described in Section 6). If
Executive terminates Executive’s employment for any reason other than Good Reason (as defined in Section 4.2 below), the Company’s obligations under this Agreement shall cease as of the date of such termination and Executive shall not
be entitled to any further compensation and benefits other than those due and payable as of the Date of Termination and as set forth in Sections 4.5 and 4.6. 
 4.2 By Executive for Good Reason. Executive may terminate Executive’s employment for “Good Reason” if: (i) (a) there is a material diminution in Executive’s authority,
duties, and responsibilities, (b) the Company requires Executive to be located more than 50 miles from the Company’s offices in Denver, Colorado, except for reasonably required travel or expatriate services for Company business,
(c) there is a material reduction in the Executive’s Base Salary or (d) the Company has materially breached this Agreement, and (ii) Executive has provided written notice of such breach to the Company within ninety (90) days
after such breach occurring, (iii) such breach has not been cured within thirty (30) days after written notice of such breach is given by Executive to the Company, and (iv) Executive terminates employment within sixty (60) days
of the expiration of such cure period by providing Notice of Termination. It shall not constitute Good Reason if Executive’s base salary or compensation and benefits are materially reduced in connection with an across-the-board reduction of pay
or benefits for executives of similar status. 

  
 Employment Agreement
– Paul A. Valas 

  
 -5-

 (a) Severance. In the event Executive terminates employment with the Company for
“Good Reason,” in addition to the rights under Sections 4.5, 4.6 and 4.7, Executive shall be entitled to receive a severance amount (the “Severance”) payable in equal installments over the Severance Period, subject to Sections
4.2(b) through (f). The “Severance Period” means the lesser of (i) the 12-month period commencing on Executive’s Date of Termination, or (ii) the time period remaining from Executive’s Date of Termination until the date
he attains age 65. The payment of Severance shall cease in the event of Executive’s death after termination of employment. The aggregate amount of Severance shall be calculated as follows and shall be subject to withholding of all applicable
taxes: 
 (i) Severance Base Salary – The amount of Base Salary that would have been paid to
Executive over the Severance Period if Executive had been employed, based on the Base Salary in effect as of the Date of Termination; 
 (ii) Cash in Lieu of Health and Life Insurance Coverage – An amount equal to the amount the Company would have spent on health insurance and life insurance on behalf of Executive and
Executive’s dependents during the Severance Period had Executive continued to be employed during the Severance Period, based on the rates and coverage provided to Executive and Executive’s dependents as of the Date of Termination; and

 (iii) Cash in Lieu of Retirement Funds – An amount equal to the amount the Company would have
contributed on behalf of Executive to any employee retirement plans and deferred compensation plans during the Severance Period, based on the terms of the plans as of the Date of Termination. 

(b) Section 409A Treatment of Payments. Each installment payment under Section 4.2(a) is a separate payment and the
structure of the Severance is intended to satisfy the “short-term deferral exception” and/or the “two times pay exception” of Section 409A of the Code; provided that, if such exceptions do not apply and Executive is
determined by the Company to be a “specified employee” under Section 409A, no payments that are subject to Section 409A will be made under Section 4.2(a) until a date which is six (6) months after the Date of
Termination (and on such date the payments that would otherwise have been made during such six-month period shall be made). In no event shall any payment of Severance that is considered deferred compensation under Section 409A be made to
Executive unless Executive has incurred a separation from service (as defined in Code Section 409A(a)(1)(A)(i)). 
 (c)
Release of Claims. To be entitled to the Severance in Section 4.2(a) Executive must sign a general release of claims in the form required by the Company, releasing the Company, its subsidiaries, affiliates, directors, officers, and
employees from all claims, damages and liabilities related to Executive’s employment and any benefit plans or agreements. No payments shall be made under Section 4.2(a) until such release has been properly executed and delivered to the
Company and until the expiration of the revocation period, if any, provided under the release. If the release is not properly executed by Executive and delivered to the Company within the reasonable time periods specified in the release, the
Company’s obligations under Section 4.2(a) will terminate. 
 (d) No Post-Employment Breach. As a condition to
receipt of any installment of the Severance under Section 4.2(a), Executive shall not have breached any post-employment obligation of Executive under this Agreement. If at any time Executive breaches this Agreement, in addition to any other
remedies at law or in equity, all unpaid installments of Severance shall be forfeited and Executive shall be obligated to reimburse the Company for any installments of Severance that Executive previously received from the Company. 

  
 Employment Agreement
– Paul A. Valas 

  
 -6-

 (e) No Duty to Mitigate. The Company agrees that if Executive is entitled to
Severance, Executive shall not be required to mitigate damages by seeking other employment, nor shall any amount Executive earns reduce the amount payable by the Company hereunder. 

(f) Only Severance Benefits. Executive agrees that the Severance shall be the only severance benefit payable to Executive by the
Company and Executive hereby waives Executive’s rights (if any) to any severance benefits under any other plan or program of the Company and its affiliates. 
 4.3 By Company for Cause, Death, or Disability. The Company shall have the right to terminate Executive’s employment under this Agreement at any time during the Term for Cause (defined in
Section 5.2), upon Executive’s death, or due to Executive’s Disability (defined in Section 5.5). In the event of termination for Cause, death, or Disability, the Company’s obligations under this Agreement shall cease as of
the Date of Termination; provided, however, that Executive will be entitled to whatever benefits are payable as of, or as a result of, such termination pursuant to the terms of any health, life insurance, disability, welfare, retirement or other
plan or program maintained by the Company in which Executive participates, and Executive shall be entitled to the rights under Sections 4.6, and 4.7. 
 4.4 By Company Otherwise. If the Company terminates Executive’s employment during the Term of this Agreement other than for Cause, death or Disability pursuant to Section 4.3, Executive shall
be entitled to receive the Severance pursuant to Section 4.2(a), subject to all of the terms and conditions of Sections 4.2(b) through (f). 
 4.5 Equity Awards/Stock Options. Under any circumstances of termination of Executive’s employment, the vesting and exercisability of stock options, stock appreciation rights, restricted stock,
restricted stock units and other equity awards held by Executive, shall be determined in accordance with the agreements or plans for such awards. 
 4.6 Previously Earned Bonus. In the event of any termination, other than termination for Cause, Executive shall be entitled to be paid any bonus that Executive had previously earned from the
Company with respect to a completed calendar year, but which may not yet have been paid as of the Date of Termination. Such bonus shall be payable on the date such amounts are payable to other executives and Executive’s termination shall not
affect the payment of such bonus. 
 4.7 Accrued Obligations. In the event of any termination, Executive shall be
entitled to be paid his Base Salary accrued through the Date of Termination, and any unreimbursed business expenses submitted in accordance with Company policy (collectively “Accrued Obligations”). All payments of Accrued Obligations shall
be made to Executive within thirty (30) business days of the Date of Termination of Executive’s employment under this Agreement. 

  
 Employment Agreement
– Paul A. Valas 

  
 -7-

 4.8 Limitation on Payments. Notwithstanding anything in this Agreement to the
contrary, any benefits payable or to be provided to Executive by the Company or its affiliates, whether pursuant to this Agreement or otherwise, which are treated as severance payments under Code (defined in Section 5.3) Section 280G
(“Severance Payments”) shall be modified in the manner provided below to the extent necessary so that the benefits payable or to be provided to Executive under this Agreement that are treated as Severance Payments, as well as any payments
or benefits provided outside of this Agreement that are so treated, shall not cause the Company to have paid an excess Severance Payment. In computing such amount, the parties shall take into account all provisions of Code Section 280G, and the
regulations thereunder, including making appropriate adjustments to such calculation for amounts established to be reasonable compensation. In the event that the amount of any Severance Payments which would be payable to or for the benefit of
Executive under this Agreement must be reduced to comply with this Section 4.7, the amount of the Severance described in Section 4.2(a) shall be reduced. This Section 4.7 shall be interpreted so as to avoid the imposition of excise
taxes on Executive under Section 4999 of the Code or the disallowance of a deduction to the Company pursuant to Section 280G(a) of the Code with respect to amounts payable under this Agreement or otherwise. This determination will be made
after reasonable consultation with a national accounting firm selected by the Company. 
 4.9 Section 409A
Compliance. This Agreement shall at all times be interpreted and operated in good faith compliance in accordance with the requirements of Section 409A. Any action that may be taken (and, to the extent possible, any action actually taken) by
the Company shall not be taken (or shall be void and without effect), if such action violates the requirements of Section 409A. Any provision in this Agreement that is determined to violate the requirements of Section 409A shall be void
and without effect. In addition, any provision that is required to appear in this Agreement in accordance with Section 409A that is not expressly set forth herein shall be deemed to be set forth herein, and the Agreement shall be administered
in all respects as if such provision were expressly set forth. 
 5. Definitions. For purposes of this Agreement the
following terms shall have the meanings specified below: 
 5.1 “Board” or “Board of
Directors”. The Board of Directors of the Company. 
 5.2 “Cause”. Any of the following are grounds
for the Company’s termination of Executive for “Cause.” 
 (a) Any act by Executive which has been found in an
applicable court of law to constitute a felony; 
 (b) Executive engages in any form of dishonesty or conduct involving moral
turpitude related to Executive’s employment relationship with the Company or that substantially impacts the reputation or operations of the Company in an adverse manner, as determined in the good faith judgment of the CEO (or the CEO’s
designee); 

  
 Employment Agreement
– Paul A. Valas 

  
 -8-

 (c) Executive’s breach of any contractual, fiduciary or other recognized duty of
Executive to the Company or any of its affiliates, or any other conduct that is patently inimical to the interests of the Company or any of its affiliates; 
 (d) Executive materially breaches this Agreement; or 
 (e) The willful or
continued failure by Executive substantially to perform Executive’s duties with the Company or to comply with policies of the Company (other than any such failure resulting from incapacity due to mental or physical illness not constituting a
Disability, as defined herein) if the CEO (or CEO’s designee) has delivered to the Executive a notice setting forth (i) the performance failure or policy compliance problem, (ii) the reasonable action that would remedy such failure or
problem, and (iii) the required time frame for remedying such failure or problem (which in the case of a failure or problem not capable of being remedied within thirty (30) days, the requirement that commencement of such remediation must
occur within seven (7) days and be diligently pursued thereafter, or for a failure or problem capable of being remedied within thirty (30) days, such 30-day deadline), and Executive shall not have complied with the required remediation
timeframe. 
 For purposes of this Agreement, no act or failure to act by Executive shall be deemed to be “willful”
unless done or omitted to be done by Executive not in good faith and without reasonable belief that Executive’s action or omission was in the best interests of the Company. 

5.3 “Code”. The Internal Revenue Code of 1986, as it may be amended from time to time. 

5.4 “Confidential Information”. All technical, business, and other information relating to the business of the Company
or its subsidiaries or affiliates, including, without limitation, technical or nontechnical data, formulae, compilations, programs, devices, methods, techniques, processes, financial data, financial plans, product plans, and lists of actual or
potential customers or suppliers, that (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other Persons, and (ii) is the subject of efforts that are
reasonable under the circumstances to maintain its secrecy or confidentiality. Such information and compilations of information shall be contractually subject to protection under this Agreement whether or not such information constitutes a trade
secret and is separately protectable at law or in equity as a trade secret. Two years after the expiration or termination of this Agreement, information that does not constitute a trade secret under applicable law, will not be considered
Confidential Information. 
 5.5 “Disabled” or “Disability”. Executive’s inability to
fully and competently perform Executive’s duties hereunder with or without a reasonable accommodation for a period of more than 120 continuous days or more than 180 nonconsecutive days in any twelve (12) month period due to a physical or
mental impairment or Executive becomes eligible for benefits under a long-term disability policy or similar income replacement benefit offered by the Company. 

  
 Employment Agreement
– Paul A. Valas 

  
 -9-

 5.6 “Person”. Any individual, corporation, bank, partnership, joint
venture, association, joint-stock company, trust, unincorporated organization or other entity. 
 6. Termination
Procedures. During the Term of this Agreement, any purported termination of Executive’s employment (other than by reason of death) shall be communicated by written notice (“Notice of Termination”) from one party hereto to the
other party hereto in accordance with Section 11. A Notice of Termination for Cause is required to include the information supporting a finding of “Cause” as defined in Section 5.2. “Date of Termination,” with respect
to any purported termination of Executive’s employment during the Term of this Agreement, shall mean (i) if Executive’s employment is terminated by Executive’s death, the date of Executive’s death, (ii) if
Executive’s employment is terminated for Disability, thirty (30) days after Notice of Termination is given (provided that Executive shall not have returned to the full-time performance of Executive’s duties during such thirty
(30) day period), and (iii) if Executive’s employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of a termination by the Company, shall not be less than thirty
(30) days, except in the case of a termination for Cause in which case termination may be immediate; and in the case of a termination by Executive, the date specified in the Notice shall not be less than thirty (30) days nor more than
sixty (60) days, respectively, from the date such Notice of Termination is given). If Executive terminates Executive’s employment under Section 4.1 or 4.2, the Company, in its sole discretion, may require that Executive’s
employment terminate at any time after Executive has given Notice of Termination, which election shall not be deemed a termination by the Company under Section 4.4, provided that if the Company makes such an election, (i) in the case of
termination under Section 4.1, the Base Salary shall be paid through the notice period, and (ii) in the case of termination under Section 4.2, the Severance Period shall be extended by one month. Likewise, if the Company terminates
the Executive other than for Cause, in lieu of the applicable notice period, the Company may give notice of immediate termination and extend the Severance Period by one month. 
 7. Intellectual Property Rights. 
 7.1 Creative Work. Executive
agrees that all creative work and work product, relating to the business of the Company or its subsidiaries or affiliates, including but not limited to all technology, designs, business management tools, processes, software, patents, trademarks, and
copyrights developed by Executive during employment with the Company, regardless of when or where such work or work product was produced, constitutes work made for hire, all rights of which are owned by the Company. 

7.2 Assignment. Executive hereby assigns to the Company all right, title and interest, whether by way of copyrights, trade
secrets, trademark, patent, or otherwise, in all such creative work or work products, as defined in Section 7.1, regardless of whether the same is subject to protection by patent, trademark or copyright law. At the Company’s request and
expense, Executive will sign such documents and take such actions that the Company deems reasonably necessary to perfect, protect, and evidence the Company’s right in the creative work. 

8. Contract Non-Assignable. The parties acknowledge that this Agreement has been entered into due to, among other things, the
special skills of Executive, and agree that this Agreement may not be assigned or transferred by Executive, in whole or in part, without the prior written consent of the Company. 

  
 Employment Agreement
– Paul A. Valas 

  
 -10-

 9. Successors; Binding Agreement. 

9.1 In addition to any obligations imposed by law upon any successor to, or transferee of, the Company, the Company will require any
successor to, or transferee of, all or substantially all of the business and/or assets of the Company or stock of the Company (whether direct or indirect, by purchase, merger, reorganization, liquidation, consolidation or otherwise) to expressly
assume and agree to perform this Agreement, in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain such assumption and agreement prior to the
effectiveness of any such succession shall be a breach of this Agreement. 
 9.2 This Agreement shall inure to the benefit of
and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees and by the Company’s successors and assigns. If Executive shall die while any amount
would still be payable to Executive hereunder (other than amounts which, by their terms, terminate upon the death of Executive) if Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with
the terms of this Agreement to the executors, personal representatives or administrators of Executive’s estate. 
 10.
Other Agents. Nothing in this Agreement is to be interpreted as limiting the Company from employing other personnel on such terms and conditions as may be satisfactory to the Company. 

11. Notices. All notices, requests, demands and other communications required or permitted hereunder shall be in writing and shall
be deemed to have been duly given if delivered or three (3) business days after mailing if mailed, first class, certified mail, postage prepaid: 
  

			
	                To the Company	  	 Blount International, Inc.

4909 SE International Way
 Portland, OR
97222
  
 ATTN: General Counsel

	  

                To the Executive:
	  	  
 Paul A. Valas

5795 Oak Creek Lane
 Greenwood Village, Colorado
80121

 Any party may change the address to which notices, requests, demands and other communications shall be delivered or
mailed by giving notice thereof to the other party in the same manner provided herein. 

  
 Employment Agreement
– Paul A. Valas 

  
 -11-

 12. Provisions Severable. If any provision or covenant, or any part thereof, of this
Agreement should be held by any court to be invalid, illegal or unenforceable, either in whole or in part, such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of the remaining provisions or
covenants, or any part thereof, of this Agreement, all of which shall remain in full force and effect. 
 13. Waiver.
Failure of either party to insist, in one or more instances, on performance by the other in strict accordance with the terms and conditions of this Agreement shall not be deemed a waiver or relinquishment of any right granted in this Agreement or
the future performance of any such term or condition or of any other term or condition of this Agreement, unless such waiver is contained in a writing signed by the party making the waiver. 

14. Indemnification. During the Term and after Executive’s termination, the Company shall indemnify Executive and hold
Executive harmless from and against any claim, loss or cause of action arising from or out of Executive’s performance as an officer, director or employee of the Company or any of its subsidiaries or other affiliates or in any other capacity,
including any fiduciary capacity, in which Executive serves at the Company’s request, in each case to the maximum extent permitted by law and under the Company’s Articles of Incorporation and Bylaws (the “Governing Documents”),
provided that in no event shall the protection afforded to Executive hereunder be less than that afforded under the Governing Documents as in effect on the date of this Agreement except from changes mandated by law. During the Term and after
Executive’s termination, Executive shall be covered by any policy of directors’ and officers’ liability insurance maintained by the Company for the benefit of its officers and directors. 

15. Amendments and Modifications. This Agreement may be amended or modified only by a writing signed by both parties hereto.

 16. Governing Law. The validity and effect of this Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Oregon. 
 17. Arbitration of Disputes; Expenses. All claims by Executive for
compensation and benefits under this Agreement shall be directed to and determined by the Board (or its designee) and shall be in writing. Any denial by the Board (or its designee) of a claim for benefits under this Agreement shall be delivered to
Executive in writing and shall set forth the specific reasons for the denial and the specific provisions of this Agreement relied upon. The Board shall afford a reasonable opportunity to Executive for a review of a decision denying a claim and shall
further allow Executive to appeal to the Board a decision of the Board within sixty (60) days after notification by the Board that Executive’s claim has been denied. Unless prohibited by applicable law, any dispute or controversy arising
under or in connection with this Agreement or with Executive’s employment shall be settled exclusively in Denver, Colorado, in accordance with the then effective arbitration rules of the Arbitration Service of Portland, Inc. (or of the American
Arbitration Association, if the Arbitration Service of Portland, Inc. no longer exists), with the exception of any rules allowing for class action arbitration. To the extent administratively practicable, the Company and the Executive agree to select
an arbitrator who is an attorney with experience in employment law disputes. Judgment may be entered on the 

  
 Employment Agreement
– Paul A. Valas 

  
 -12-

 
arbitrator’s award in any court having jurisdiction. The prevailing party shall, to the extent allowed by law, be entitled to attorney’s fees and costs, and any attorney’s fees and
costs on appeal. However, nothing in this Section 17 will prohibit or otherwise prevent either party from seeking equitable or injunctive relief or an order to compel arbitration; and any such action shall be brought in a state or federal
court located in Denver County, Denver. The parties hereto agree that they are subject to the jurisdiction of the federal and state courts of Denver for the purpose of such actions. Except to the extent provided in this Section 17,
each party shall pay its own legal fees and other expenses associated with any dispute. 
 18. Entire Agreement. This
Agreement contains the entire understanding of the parties regarding the subject matter of this Agreement and supersedes all prior and contemporaneous negotiations and agreements, whether written or oral, between the parties with respect to the
subject matter of this Agreement, including the Old Agreement, except for Section 3(d) of the Old Agreement which will continue in full force and effect, as incorporated in Section 3(d) of this Agreement. 

IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the day and year first above written. 

 

	
	EXECUTIVE:
	
	/s/ Paul A. Valas
	Paul A. Valas

  

			
	COMPANY:
	
	BLOUNT INTERNATIONAL, INC.
		
	By	 	/s/ Joshua L. Collins
	Joshua L. Collins, Chief Executive Officer

  
 Employment Agreement
– Paul A. Valas 

  
 -13-

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