Document:

EX-10.2

 Exhibit 10.2 

CONSULTING AGREEMENT 
 This Consulting
Agreement (the “Agreement”) is made effective as of December 21, 2018 (the “Effective Date”), by and between Histogenics Corporation, a Delaware corporation, with its principal place of business being 830 Winter
Street, 3rd Floor, Waltham, Massachusetts 02451 (the “Company”) and Danforth Advisors, LLC, a Massachusetts limited liability corporation, with its principal place of business being 91 Middle Road, Southborough, MA 01772
(“Danforth”). The Company and Danforth are herein sometimes referred to individually as a “Party” and collectively as the “Parties.” 

WHEREAS, the Company possesses know-how and proprietary technology related to regenerative medicine;
and 
 WHEREAS, Danforth has expertise in financial and corporate operations and strategy; and 

WHEREAS, Danforth desires to serve as an independent consultant for the purpose of providing the Company with certain strategic and financial
advice and support services, as more fully described in Exhibit A attached hereto, (the “Services”); and 
 WHEREAS,
the Company wishes to engage Danforth on the terms and conditions set forth herein. 
 NOW THEREFORE, in consideration of the foregoing and
for other good and valuable consideration, the receipt of which are hereby acknowledged, the Parties agree and covenant as follows. 
  

	1.	 Services of Consultant. Danforth will assist the Company with matters relating to the Services. The
Services are more fully described in Exhibit A attached hereto. Danforth and the Company will review the Services on a monthly basis to prioritize and implement the tasks listed on Exhibit A. 

 

	2.	 Compensation for Services. In full consideration of Danforth’s full, prompt and faithful
performance of the Services, the Company shall compensate Danforth a consulting fee more fully described in Exhibit A (the “Consulting Fee”). Danforth shall, from time to time, but not more frequently than twice per calendar month
invoice the Company for Services rendered and undisputed amounts in such invoice will be paid upon fifteen (15) days of receipt. Each month the Parties shall evaluate jointly the current fee structure and scope of Services. Danforth reserves
the right to an annual increase in consultant rates of up to 4%, effective January 1 of each year. Upon termination of this Agreement pursuant to Section 3, no compensation or benefits of any kind as described in this Section 2 shall
be payable or issuable to Danforth after the effective date of such termination. In addition, the Company will reimburse Danforth for reasonable out-of-pocket business
expenses, including but not limited to travel and parking, incurred by Danforth in performing the Services hereunder, upon submission by Danforth of supporting documentation reasonably acceptable to the Company. Any such accrued expenses in any
given three (3) month period that exceed one thousand dollars ($1,000) shall be submitted to the Company for its prior written approval. 

  
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	3.	 Term and Termination. The term of this Agreement will commence on the Effective Date and will continue
through the anniversary of such date in the next calendar year (the “Term”). This Agreement may be extended for an additional period by mutual written agreement. This Agreement may be terminated by either Party hereto: (a) with Cause
(as defined below), upon thirty (30) days prior written notice to the other Party; or (b) without cause upon sixty (60) days prior written notice to the other Party. For purposes of this Section 3, “Cause” shall
include: (i) a breach of the terms of this Agreement which is not cured within thirty (30) days of written notice of such default or (ii) the commission of any act of gross negligence, willful misconduct, fraud, embezzlement or
deliberate disregard of a rule or policy of the Company. 

  

	4.	 Time Commitment. Danforth will devote such time to perform the Services under this Agreement as may
reasonably be required. 

  

	5.	 Place of Performance. Danforth will perform the Services at such locations upon which the Company and
Danforth may mutually agree. Danforth will not, without the prior written consent of the Company, perform any of the Services at any facility or in any manner that might give anyone other than the Company any rights to or allow for disclosure of or
unauthorized access to any Confidential Information (as defined below). 

  

	6.	 Compliance with Policies and Guidelines. Danforth will perform the Services in accordance with all rules
or policies adopted by the Company that the Company discloses in writing to Danforth. 

  

	7.	 Confidential Information. Danforth acknowledges and agrees that during the course of performing the
Services, the Company may furnish, disclose or make available to Danforth information, including, but not limited to, material, compilations, data, formulae, models, patent disclosures, procedures, processes, business plans, projections, protocols,
results of experimentation and testing, specifications, strategies and techniques, and all tangible and intangible embodiments thereof of any kind whatsoever (including, but not limited to, any apparatus, biological or chemical materials, animals,
cells, compositions, documents, drawings, machinery, patent applications, records and reports), which is owned or controlled by the Company and is marked or designated as confidential at the time of disclosure or is of a type that is customarily
considered or can reasonably be considered to be confidential information (collectively the “Confidential Information”). For the avoidance of doubt, any and all Inventions are deemed to be Confidential Information. Danforth acknowledges
that the Confidential Information and any part thereof are the exclusive property of the Company. Danforth agrees that Confidential Information shall not be disclosed to any third party without first obtaining the written consent of the Company and
that Danforth shall not use any Confidential Information except as reasonably necessary to perform Services. Danforth further agrees to take all practical steps to ensure that the Confidential Information, and any part thereof, shall not be
disclosed or issued to its affiliates, agents or employees, except on like terms of confidentiality. The above provisions of confidentiality shall apply for a period of five (5) years from termination or expiration of this Agreement.

  
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	8.	 Intellectual Property. Danforth agrees that all ideas, inventions, discoveries, creations, manuscripts,
properties, innovations, modifications, improvements, know-how, inventions, designs, developments, apparatus, techniques, methods, formulae, strategies, models, plans, forms, documents, notes, reports and
other work product and materials that Danforth conceives, makes, develops or improves as a result of performing the Services, whether or not reduced to practice and whether or not patentable, alone or in conjunction with any other party and whether
or not at the request or upon the suggestion of the Company (all of the foregoing being hereinafter collectively referred to as the “Inventions”), shall be the sole and exclusive property of the Company. Danforth hereby agrees in
consideration of the Company’s agreement to engage Danforth and pay compensation for the Services rendered to the Company and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged that Danforth
shall not, without the prior written consent of the Company, directly or indirectly, consult for, or become an employee of, any company which conducts business in the Field of Interest anywhere in the world. As used herein, the term “Field of
Interest” shall mean the research, development, manufacture and/or sale of the products resulting from the Company’s technology or technology substantially similar to the Company’s technology. The limitations on competition contained
in this Section 9 shall continue during the time that Danforth performs any Services for the Company, and for a period of three (3) months following the termination of any such Services that Danforth performs for the Company. If any
part of this section should be determined by a court of competent jurisdiction to be unreasonable in duration, geographic area, or scope, then this Section 9 is intended to and shall extend only for such period of time, in such area and with
respect to such activity as is determined to be reasonable. Except as expressly provided herein, nothing in this Agreement shall preclude Danforth from consulting for or being employed by any other person or entity. 

 

	9.	 Non Solicitation. All personnel representing Danforth are contracted agents of Danforth. As such, they
are obligated to provide the Services to the Company and are obligated to Danforth under confidentiality, non-compete, and non-solicitation agreements. Danforth shall
ensure that all such personnel comply with all obligations imposed on Danforth under this Agreement, and any breach of any such obligations by any such personnel shall be deemed a breach by Danforth of its obligations under this Agreement, and
Danforth shall be responsible and liable for any breach of any such obligations by any such personnel. Accordingly, they are not retainable as employees or contractors by the Company and the Company hereby agrees not to solicit, hire or retain their
services for so long as they are contracted agents of Danforth and for two (2) years thereafter. Should the Company violate this restriction, it agrees to pay Danforth liquidated damages equal to thirty percent (30%) of the employee’s
starting annual base salary and target annual bonus for each Danforth contracted agent hired by the Company in violation of this Agreement, plus Danforth’s reasonable attorneys’ fees and costs incurred in enforcing this agreement should
the Company fail or refuse to pay the liquidated damages amount in full within thirty (30) days following its violation. 

  
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	10.	 Placement Services. In the event that Danforth refers a potential employee to the Company in response to
a written request from the Company for such referral and that individual is hired, Danforth shall receive a fee equal to twenty percent (20%) of the employee’s starting annual base salary and target annual bonus. This fee is due and owing
whether an individual is hired, directly or indirectly on a permanent basis or on a contract or consulting basis by the Company, as a result of Danforth’s efforts within one (1) year of the date such applicant is submitted by Danforth to
the Company. Fifty percent (50%) of such payment is due within thirty (30) days of the employee’s start date, and the other fifty percent (50%) of such payment is due six (6) months after the employee’s start date, but only if
such employee remains employed by the Company at that time. 

  

	11.	 No Implied Warranty. Except for any express warranties stated herein, the Services are provided on an
“as is” basis, and the Company disclaims any and all other warranties, conditions, or representations (express, implied, oral or written), relating to the Services or any part thereof. Further, in performing the Services Danforth is not
engaged to disclose illegal acts, including fraud or defalcations, which may have taken place. The foregoing notwithstanding, Danforth will promptly notify the Company if Danforth becomes aware of any such illegal acts during the performance of the
Services. Because the Services do not constitute an examination in accordance with standards established by the American Institute of Certified Public Accountants (the “AICPA”), Danforth is precluded from expressing an opinion as to
whether financial statements provided by the Company are in conformity with generally accepted accounting principles or any other standards or guidelines promulgated by the AICPA, or whether the underlying financial and other data provide a
reasonable basis for the statements. 

  

	12.	 Indemnification. Each Party hereto agrees to indemnify and hold the other Party hereto, its directors,
officers, agents and employees harmless against any claim based upon circumstances alleged to be inconsistent with such Party’s representations and/or warranties contained in this Agreement. Further, the Company shall defend, indemnify and hold
harmless Danforth and any of its subcontractors against any claims, losses, damages or liabilities (or actions in respect thereof) of any third parties against them to the extent that they arise directly out of or are directly based on the Services
performed hereunder, except for any such claims, losses, damages, liabilities or actions arising out of any breach of this Agreement by, or any negligence, gross negligence or willful misconduct of, Danforth or any of its subcontractors. The Company
will endeavor to add Consultant and any applicable subcontractor to its insurance policies as additional insureds. 

 The
indemnifying party’s obligations hereunder are conditioned on (a) the party seeking indemnification providing prompt written notice thereof and reasonable cooperation, information, and assistance in connection therewith and (b) it
having sole control and authority to defend, settle or compromise such claim. The indemnifying party shall not be responsible for any settlement it does not approve in writing. 

  
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	13.	 Independent Contractor. Danforth is not, nor shall Danforth be deemed to be at any time during the term
of this Agreement, an employee of the Company, and therefore Danforth shall not be entitled to any benefits provided by the Company to its employees, if applicable. Danforth’s status and relationship with the Company shall be that of an
independent contractor and consultant. Danforth shall not state or imply, directly or indirectly, that Danforth is empowered to bind the Company without the Company’s prior written consent. Nothing herein shall create, expressly or by
implication, a partnership, joint venture or other association between the parties. Danforth will be solely responsible for payment of all charges and taxes arising from his or her relationship to the Company as a consultant. 

 

	14.	 Records. Upon termination of Danforth’s relationship with the Company, Danforth shall deliver to
the Company any property or Confidential Information of the Company relating to the Services which may be in its possession including products, project plans, materials, memoranda, notes, records, reports, laboratory notebooks, or other documents or
photocopies and any such information stored using electronic medium. 

  

	15.	 Notices. Any notice under this Agreement shall be in writing (except in the case of verbal
communications, emails and teleconferences updating either Party as to the status of work hereunder) and shall be deemed delivered upon personal delivery, one day after being sent via a reputable nationwide overnight courier service or two days
after deposit in the mail or on the next business day following transmittal via facsimile. Notices under this Agreement shall be sent to the following representatives of the Parties: 

 

			
	If to the Company:
		
	Name:	 	Adam Gridley
	Title:	 	President and CEO
	Address:	 	830 Winter Street, 3rd Floor
		 	Waltham, Massachusetts 02451
	Phone:	 	
	Facsimile:	 	
	E-mail:	 	
	
	If to Danforth:
		
	Name:	 	Gregg Beloff
	Title:	 	Managing Director
	Address:	 	91 Middle Road
		 	Southborough, MA 01772
	Phone:	 	
	E-mail:	 	

  

	16.	 Assignment and Successors. This Agreement may not be assigned by a Party without the consent of the
other which shall not be unreasonably withheld, except that each Party may assign this Agreement and the rights, obligations and interests of such Party, in whole or in part, to any of its Affiliates, to any purchaser of all or substantially all of
its 

  
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assets or to any successor corporation resulting from any merger or consolidation of such Party with or into such corporation. This Agreement will be binding upon, and inure to the benefit of,
the successors, representatives, and permitted assigns of the parties. 

  

	17.	 Force Majeure. Neither Party shall be liable for failure of or delay in performing obligations set forth
in this Agreement, and neither shall be deemed in breach of its obligations, if such failure or delay is due to natural disasters or any causes beyond the reasonable control of such Party. In the event of such force majeure, the Party affected
thereby shall promptly notify the other Party and use reasonable efforts to cure or overcome the same and resume performance of its obligations hereunder. 

  

	18.	 Headings. The Section headings are intended for convenience of reference only and are not intended to be
a part of or to affect the meaning or interpretation of this Agreement. 

  

	19.	 Integration; Severability. This Agreement is the sole agreement with respect to the subject matter
hereof and shall supersede all other agreements and understandings between the Parties with respect to the same. If any provision of this Agreement is or becomes invalid or is ruled invalid by any court of competent jurisdiction or is deemed
unenforceable, it is the intention of the Parties that the remainder of the Agreement shall not be affected. 

  

	20.	 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
Commonwealth of Massachusetts, excluding choice of law principles. The Parties agree that any action or proceeding arising out of or related in any way to this Agreement shall be brought solely in a Federal or State court of competent jurisdiction
sitting in the Commonwealth of Massachusetts. 

  

	21.	 Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original,
but all of which together will constitute one agreement. 

 If you are in agreement with the foregoing, please sign where indicated below,
whereupon this Agreement shall become effective as of the Effective Date. 
  

									
	DANFORTH ADVISORS, LLC	 		 	HISTOGENICS CORPORATION
					
	By:	 	 /s/ Gregg
Beloff                                        
        
	 		 	By:	 	 /s/ Adam
Gridley                                        

	Print Name:	 	Gregg Beloff                                   
                     	 		 	Print Name:	 	Adam
Gridley                                        
        
	Title:	 	Managing Director	 		 	Title:	 	President & CEO
					
	Date:	 	December 21, 2018	 		 	Date:	 	December 21, 2018

  
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 EXHIBIT A 

Description of Services and Schedule of Fees 

Danforth will perform mutually agreed to finance, accounting and other administrative functions which are necessary to support the achievement of the
Company’s strategic and financial objectives, and the management of the Company’s business. 
 Services: 

Danforth will provide the Company the following support as mutually agreed upon by the parties: 

CFO Services: 
  

	 	•	 	 Participate in financing activities 

 

	 	•	 	 Ensure compliance with SEC filing and other regulatory requirements 

 

	 	•	 	 Support investor relations activities 

 

	 	•	 	 Oversee the finance and accounting functions 

 

	 	•	 	 Board, Audit, Compensation, and Corporate Governance committee meeting preparation, support and attendance

  

	 	•	 	 Other CFO services, as needed/requested: 

 

	 	•	 	 Strategic business planning 

 

	 	•	 	 Finance support for operational planning 

 

	 	•	 	 Supplier contract negotiation and cost reduction planning 

 

	 	•	 	 Corporate and business development/licensing support 

 

	 	•	 	 Financial modeling, planning and analysis 

 

	 	•	 	 Strategic opportunity assessment 

 

	 	•	 	 Stock option plan management 

 

	 	•	 	 Capitalization table management 

CFO services will be provided by Jonathan Lieber, Managing Director. Mr. Lieber’s initial time commitment will be 20 hours per week, on average. The
Parties recognize that the initial time commitment may need to change over time, and agree to discuss any changes in good faith. 
 Fees: 

CFO: Jonathan Lieber            $350 per hour 

  
 7EX-10.1

 Exhibit 10.1 

Form of Notes Repurchase Agreement 

December 20, 2018 
 Carriage Services, Inc. 

3040 Post Oak Blvd., Suite 300 
 Houston, TX 77058 

Attn: Carl B. Brink 
  

	 	Re:	 Carriage Services, Inc. Repurchase of 2.75% Convertible Subordinated Notes due 2021 (CUSIP 143905 AM9)

 Ladies and Gentlemen: 

The undersigned beneficial owner of Carriage Services, Inc.’s (the “Company”) 2.75% Convertible Subordinated
Notes due 2021, CUSIP 143905 AM9 (the “Notes”) hereby agrees with the Company to sell the Notes to the Company (the “Repurchase”) for the Consideration (as defined below), pursuant to the terms and
conditions of this Notes Repurchase Agreement (the “Repurchase Agreement”). 

1.    Repurchase Consideration. Subject to the terms and conditions of this Repurchase Agreement, the undersigned
hereby agrees to sell an aggregate principal amount of the Notes set forth on the signature page hereto for the consideration in the amount and form as follows: $[    ] in aggregate, representing an amount of cash in United
States dollars equal to $1,027.5625 per $1,000 principal amount of Notes resold (the “Consideration”). The Repurchase shall occur in accordance with the procedures described in Section 3 hereof. 

2.    The Closing. The closing of the Repurchase (the “Closing”) shall take place at the
offices of Porter Hedges LLP at 10:00 a.m. Houston, Texas time on December 24, 2018, or at such other time and place as the Company and the undersigned may mutually agree (the “Closing Date”). 

3.    Repurchase. Subject to the terms and conditions of this Repurchase Agreement, the undersigned hereby sells,
assigns and transfers to, or upon the order of, the Company, all right, title and interest in such portion of the Notes as is indicated on the signature page hereto, waives any and all other rights with respect to such Notes, and releases and
discharges the Company from any and all claims the undersigned may now have, or may have in the future, arising out of, or related to, such Notes, including, without limitation, any claims arising from any existing or past defaults, or any claims
that the undersigned is entitled to receive any accrued and unpaid interest or additional interest with respect to the Notes. 
 On or prior
to 10:00 a.m. New York City time on the Closing Date, (i) the undersigned agrees to direct the eligible Depository Trust Company (“DTC”) participant through which the undersigned holds a beneficial interest in the Notes
to submit a one-sided withdrawal instruction through DTC’s Deposits and Withdrawal at Custodian (“DWAC”) program to Wilmington Trust, National Association, in its capacity as
trustee of the Notes (the “Trustee”), for the aggregate principal amount of the Notes to be sold pursuant to this Repurchase Agreement (the “DWAC Withdrawal”) and (ii) the Company shall provide an
executed cancellation order (in the form of 

  
 1 

 
Exhibit C) to the Trustee corresponding to each DWAC Withdrawal (each a “Cancellation Order”). Upon receipt of such Cancellation Order, the Trustee shall process the DWAC
Withdrawals in accordance with the Cancellation Orders and shall provide email notification to the Company of each DWAC Withdrawal it processes. In the event that any DWAC Withdrawal corresponding to a Cancellation Order has not been posted by 4
p.m., New York City time, on the Closing Date, the Trustee shall notify the Company by email and the Cancellation Order for such DWAC Withdrawal shall be deemed revoked and an updated Cancellation Order with an updated cancellation date shall be
provided by the Company. In the event the Closing does not occur, any Notes submitted for DWAC Withdrawal will be returned to the DTC participant that submitted the withdrawal instruction in accordance with the procedures of DTC. 

On the Closing Date, subject to satisfaction of the conditions precedent specified in this Repurchase Agreement and the prior receipt of the
DWAC Withdrawal conforming with the aggregate principal amount of the Notes to be sold, the Company hereby agrees to transfer by wire of immediately available funds to the account of the undersigned at a bank in the United States of America provided
by the undersigned as Exhibit A to this Repurchase Agreement all Consideration on the Notes to be repurchased. If (a) the Trustee is unable to locate the DWAC Withdrawal or (b) the DWAC Withdrawal does not conform
with the Notes to be sold pursuant to this Repurchase Agreement, the Company will promptly notify the undersigned. 
 All questions as to
the form of all documents and the validity and acceptance of the Notes will be determined by the Company, in its sole discretion, which determination shall be final and binding. 

All authority herein conferred or agreed to be conferred in this Repurchase Agreement shall survive the dissolution of the undersigned and any
representation, warranty, undertaking and obligation of the undersigned hereunder shall be binding upon the trustees in bankruptcy, legal representatives, successors and assigns of the undersigned. 

4.    Representations, Warranties and Undertakings of the Company. The Company represents and warrants to, and
covenants with, the undersigned that: 
 (a)    The Company is duly formed and validly existing under the
laws of the State of Delaware, and the consummation of the transactions contemplated hereby are within the powers of the Company and have been or will have been duly authorized by all necessary action on the part of the Company, and this Repurchase
Agreement constitutes a valid and binding agreement of the Company, enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application
affecting enforcement or creditors’ rights generally or (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. 

(b)    The execution of this Repurchase Agreement by the Company and the consummation by the Company of the
transactions contemplated hereby (i) do not require the consent, approval, authorization, order, registration or qualification of, or filing (assuming the truth and accuracy of the representations and warranties in Section 5 and excluding
any filing required under the requirements of the Securities Exchange Act of 

  
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1934, as amended (the “Exchange Act”)) with, any governmental authority, non-governmental regulatory authorities, or court, or body
or arbitrator having jurisdiction over the Company (except as may be required under the securities or Blue Sky laws of the various states); and (ii) do not and will not constitute or result in a breach, violation or default under any note,
bond, mortgage, deed, indenture, lien, instrument, contract, agreement, lease or license, whether written or oral, express or implied, or with the Company’s organizational documents or by-laws, or any
statute, law, ordinance, decree, order, injunction, rule, directive, judgment or regulation of any court, administrative or regulatory body, governmental authority, arbitrator, mediator or similar body on the part of the Company or on the part of
any other party thereto or cause the acceleration or termination of any obligation or right of the Company or any other party thereto, except, in case of b(ii), for any such breach, violation or default as would not, individually or in the
aggregate, have a material adverse affect on the business, properties, financial position, stockholders’ equity, or results of operations of the Company and its subsidiaries taken as a whole. 

(c)    (A) As of the date hereof, (x) the Company is not aware of any material non-public information regarding the Company, other than the fact and proposed terms of the Repurchase and (y) all reports and other documents filed by the Company with the Securities and Exchange Commission
(the “SEC”) pursuant to the Exchange Act, since January 1, 2018 when considered as a whole (with the more recent such reports and documents deemed to amend inconsistent statements contained in any earlier such reports
and documents), do not contain any untrue statement of a material fact or any omission of a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not
misleading, other than the fact and proposed terms of the Repurchase or any information referred to in the wall-crossing email referenced in Section 5(y) below and (B) the Company hereby agrees to publicly disclose on or before 8:30 a.m.,
New York City time, on the business day immediately following the date hereof, the repurchase of the Notes as contemplated by this Repurchase Agreement in a press release or in a Current Report on Form 8-K;
provided that (i) if the Repurchase does not take place and (ii) the Company believes, in good faith, that there is no legal requirement to publicly disclose information about the Repurchase, no press release or Current Report on Form 8-K will be required. The Company hereby acknowledges and agrees that this press release or Current Report on Form 8-K will disclose all confidential information to the extent
the Company believes such confidential information constitutes material non-public information, if any, with respect to the Repurchase or otherwise communicated by the Company to the undersigned or any
investor in connection with the Repurchase. 
 (d)    Neither the Company nor any of its subsidiaries is
(i) in violation of its charter or by-laws or similar organizational documents; (ii) in default, and, to the knowledge of the Company (having made due and reasonable enquiry), no event has occurred
that, with notice or lapse of time or both, would constitute such a default, in the performance or observance of any term, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to
which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or 

  
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any of its subsidiaries is subject; or (iii) in violation of any law or statute or any judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority
(including, without limitation, the rules and regulations of the New York Stock Exchange), in each case, applicable to the Company, except, in the case of clauses (ii) and (iii) above, for any such conflict, breach or violation that would not,
individually or in the aggregate, have a material adverse effect on the business, properties, financial position, stockholders’ equity, or results of operations of the Company and its subsidiaries taken as a whole. 

(e)    The Company is not and, after giving effect to the transactions contemplated by this Repurchase
Agreement, will not be required to register as an “investment company” or an entity “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and the rules and
regulations of the SEC thereunder. 
 (f)    The Company will, upon request, execute and deliver any
additional documents deemed by the Trustee to be reasonably necessary to complete the transactions contemplated by this Repurchase Agreement. 

5.    Representations, Warranties and Undertakings of the Undersigned. The undersigned hereby represents and
warrants to, and covenants with, the Company that: 
 (a)    The undersigned has full power and authority
to exchange, sell, assign and transfer the Notes sold hereby and to enter into this Repurchase Agreement and perform all obligations required to be performed by the undersigned hereunder. 

(b)    The undersigned is the current beneficial owner of the Notes. When the Notes are sold, the Company
will acquire good, marketable and unencumbered title thereto, free and clear of all liens, restrictions, charges and encumbrances. The Notes sold hereby are not subject to any adverse claims, rights or proxies. 

(c)    The Repurchase will not contravene any law, rule or regulation binding on the undersigned or any
investment guideline or restriction applicable to the undersigned. 
 (d)    The undersigned acknowledges
that no person has been authorized to give any information or to make any representation or warranty concerning the Company or the Repurchase other than the information set forth herein in connection with the undersigned’s examination of the
Company and the terms of the Repurchase, and the Company does not, and Goldman Sachs & Co. LLC (the “Financial Advisor”) does not, take any responsibility for, and neither the Company nor the Financial Advisor can
provide any assurance as to the reliability of, any other information that others may provide to the undersigned. 

(e)    The undersigned acknowledges that (i) it has reviewed the Company’s filings with the SEC
and (ii) it is relying only upon the information contained in the Company’s filings with the SEC and the representations and warranties of the Company in this Repurchase Agreement and not upon any other information 

  
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 (f)    The undersigned confirms that it is not relying
on any communication (written or oral) of the Company, the Financial Advisor or any of their affiliates or representatives as investment advice or as a recommendation to participate in the Repurchase and receive the Consideration for the Notes. It
is understood that information provided by the Company, the Financial Advisor or any of their affiliates or representatives shall not be considered investment advice or a recommendation to conduct the Repurchase. 

(g)    The undersigned is a corporation, limited partnership, limited liability company or other entity, as
the case may be, duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation. 

(h)    The undersigned acknowledges that the terms of the Repurchase have been mutually negotiated between
the undersigned and the Company. 
 (i)    The undersigned will, upon request, execute and deliver any
additional documents deemed by the Company or the Trustee to be necessary or desirable to complete the sale, assignment and transfer of the Notes sold hereby. 

(j)    The undersigned understands that, unless the undersigned notifies the Company in writing to the
contrary at or before the Closing, each of the undersigned’s representations and warranties contained in this Repurchase Agreement will be deemed to have been reaffirmed and confirmed as of the Closing, taking into account all information
received by the undersigned. 
 (k)    The undersigned was given a meaningful opportunity to negotiate
the terms of the Repurchase. 
 (l)    The undersigned’s participation in the Repurchase was not
conditioned by the Company on the undersigned’s sale of a minimum principal amount of Notes for the Consideration. 

(m)    The undersigned had a sufficient amount of time to consider whether to participate in the Repurchase
and the Company did not put any pressure on the undersigned to respond to the opportunity to participate in the Repurchase. 

(n)    The operations of the undersigned have been conducted in material compliance with the applicable
rules and regulations administered or conducted by the U.S. Department of Treasury Office of Foreign Assets Control (“OFAC”), the applicable rules and regulations of the Foreign Corrupt Practices Act
(“FCPA”) and the applicable Anti-Money Laundering (“AML”) rules in the Bank Secrecy Act. 

(o)    The undersigned acknowledges and agrees that it has not transacted, and will not transact, in any
securities of the Company, including, but not limited to, any hedging transactions, from the time the undersigned was first contacted by the Company, the Financial Advisor or any of their advisors or representatives with respect to the transactions
contemplated by this Repurchase Agreement until after the confidential information (as described in the confirmatory wall-crossing email received by the 

  
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undersigned from the Company, the Financial Advisor or of their advisors) is made public. 

(p)    The undersigned acknowledges it understands that the Company intends to pay the Financial Advisor a
fee in respect of the Repurchase. 
 (q)    There is no investment banker, broker, finder or other
intermediary which has been retained by, will be retained by or is authorized to act on behalf of the undersigned who might be entitled to any fee or commission from the Company or the undersigned upon consummation of the transactions contemplated
by this Repurchase Agreement. 
 (r)    The undersigned understands that the Company, the Financial
Advisor and others will rely upon the truth and accuracy of the foregoing representations, warranties and covenants and agrees that if any of the representations and warranties deemed to have been made by it by its participation in the transactions
contemplated by this Repurchase Agreement are no longer accurate, the undersigned shall promptly notify the Company and the Financial Advisor. The undersigned understands that, unless the undersigned notifies the Company in writing to the contrary
before the Closing, each of the undersigned’s representations and warranties contained in this Repurchase Agreement will be deemed to have been reaffirmed and confirmed as of the Closing. 

(s)    The undersigned acknowledges and agrees that the Financial Advisor has not acted as a financial
advisor or fiduciary to the undersigned and that the Financial Advisor and its respective directors, officers, employees, representatives and controlling persons have no responsibility for making, and have not made, any independent investigation of
the information contained herein or in the Company’s SEC filings and make no representation or warranty to the undersigned, express or implied, with respect to the Company or the Notes or the accuracy, completeness or adequacy of the
information provided to the undersigned or any other publicly available information, nor shall any of the foregoing persons be liable for any loss or damages of any kind resulting from the use of the information contained therein or otherwise
supplied to the undersigned. 
 6.    Conditions to Obligations of the Undersigned and the Company. The
obligations of the undersigned to deliver the Notes and of the Company to deliver the Consideration are subject to the satisfaction at or prior to the Closing of the following conditions precedent: the representations and warranties of the Company
contained in Section 4 hereof and of the undersigned contained in Section 5 hereof shall be true and correct as of the Closing in all respects with the same effect as though such representations
and warranties had been made as of the Closing. 
 7.    Covenant and Acknowledgment of the Company. At or prior
to 9:00 a.m., New York City time, on the second business day following the Closing, the Company shall file a Current Report on Form 8-K with the SEC regarding the Repurchase (including the
“Repurchases”, if any, with other holders of Notes executing Repurchase Agreements on the date hereof). 

  
 6 

 8.    Waiver, Amendment. Neither this Repurchase Agreement nor
any provisions hereof shall be modified, changed, discharged or terminated except by an instrument in writing, signed by the party against whom any waiver, change, discharge or termination is sought. 

9.    Assignability. Neither this Repurchase Agreement nor any right, remedy, obligation or liability arising
hereunder or by reason hereof shall be assignable by either the Company or the undersigned without the prior written consent of the other party. 

10.    Taxation. As set forth on Exhibit B hereto, the undersigned acknowledges that either (i) the
Company must be provided with a correct taxpayer identification number (“TIN”), generally a person’s social security or federal employer identification number, and certain other information on Internal Revenue Service
(“IRS”) Form W-9, which is provided as an attachment hereto, and a certification, under penalty of perjury, that such TIN is correct, that the undersigned is not subject to backup
withholding and that the undersigned is a United States person, or (ii) another basis for exemption from backup withholding must be established. 

11.    Waiver of Jury Trial. THE UNDERSIGNED IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY WITH RESPECT TO
ANY LEGAL PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS REPURCHASE AGREEMENT. 
 12.    Governing
Law. This Repurchase Agreement and any claim, controversy or dispute (whether in contract, in tort or by statute) arising under or related to this Repurchase Agreement or the transactions contemplated by this Repurchase Agreement or the rights,
duties and relationship of the parties hereto, shall be governed by and construed and enforced in accordance with the laws of the State of New York, excluding any conflicts of law, rule or principle that might refer construction of provisions to the
laws of another jurisdiction. 
 13.    Section and Other Headings. The section and other headings contained in
this Repurchase Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Repurchase Agreement. 

14.    Counterparts. This Repurchase Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement. 

15.    Notices. All notices and other communications to the Company provided for herein shall be in writing and
shall be deemed to have been duly given if delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid to the following addresses, or in the case of the undersigned, the address provided on the signature
page below (or such other address as either party shall have specified by notice in writing to the other): 
  

			
	If to the Company:	  	 Carriage Services, Inc.
 3040 Post Oak Blvd.,
Suite 300
 Houston, TX 77058
 Attn: Carl B. Brink

Telephone: (713) 332-8441

  
 7 

			
		  	E-mail: ben.brink@carriageservices.com

16.    Binding Effect. The provisions of this Repurchase Agreement shall be binding upon and accrue to the benefit
of the parties hereto and their respective heirs, legal representatives, successors and permitted assigns. 

17.    Notification of Changes. The undersigned hereby covenants and agrees to notify the Company upon the
occurrence of any event prior to the Closing which would cause any representation, warranty, or covenant of the undersigned contained in this Repurchase Agreement to be false or incorrect. 

18.    Reliance by Financial Advisor. The Financial Advisor may rely on each representation and warranty of the
Company and the undersigned made herein or pursuant to the terms hereof with the same force and effect as if such representation or warranty were made directly to the Financial Advisor. The Financial Advisor shall be a third-party beneficiary of
this Agreement to the extent provided in this Section 18. 
 19.    Expenses. All costs and expenses
incurred in connection with this Repurchase Agreement shall be paid by the party incurring such cost or expense 

20.    Severability. If any term or provision of this Repurchase Agreement is invalid, illegal or unenforceable in
any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Repurchase Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. 

[SIGNATURE PAGES FOLLOW] 

  
 8 

 IN WITNESS WHEREOF, the undersigned has executed this Repurchase Agreement as of the date
first written above. 
  

			
	Holder:	 	
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 
			
		
	Address:	 	  

		
	Telephone:	 	  

	  
  

State/Country of Domicile or Formation:

  

					
	Notes to Be Repurchased	  	 	 
		
	Beneficial Owner of Note:	  			
		
	 Principal Amount of Notes to be repurchased:
	  	$	 principal	 
		  	  
	  
	 
	 Account Broker:
	  			
		  	  
	  
	 
	 DTC Participant No.:
	  			
		  	  
	  
	 
	 Consideration
	  	$	 	 
		  	  
	  
	 

 [SIGNATURE PAGE TO FORM OF
REPURCHASE AGREEMENT] 

 The offer to repurchase Notes for the Consideration as set forth above is confirmed and
accepted by the Company. 
  

			
	CARRIAGE SERVICES, INC.
		
	By:	 	  

	Name:	 	Carl B. Brink
	Title:	 	Senior Vice President, Chief Financial
		 	Officer and Treasurer

 [SIGNATURE PAGE TO FORM OF
REPURCHASE AGREEMENT] 

 Exhibit A 

Wiring instructions for Consideration on Notes 
  

	
	Beneficial Owner of
Note                                        
                 
	
	Bank
Name                                        
                                         
     
	
	ABA
#                                         
                                         
            
	
	For Credit To 
	Account
#                                         
                                         
       
	
	For Further Credit to 
	Account
#                                         
                                         
       

 Exhibit B 

Under U.S. federal income tax law, a holder who sells Notes for the Consideration generally must provide such holder’s correct taxpayer
identification number (“TIN”) on IRS Form W-9 (attached hereto) or otherwise establish a basis for exemption from backup withholding. A TIN is generally an individual holder’s
social security number or a holder’s employer identification number. If the correct TIN is not provided, the holder may be subject to a $50 penalty imposed by the IRS. In addition, certain payments made to holders may be subject to U.S. backup
withholding tax (currently set at 24% of the payment). If a holder is required to provide a TIN but does not have the TIN, the holder should consult its tax advisor regarding how to obtain a TIN. Certain holders are not subject to these backup
withholding and reporting requirements. Non-U.S. Holders generally may establish their status as exempt recipients from backup withholding by submitting a properly completed applicable IRS Form W-8 (available from the Company or the IRS at www.irs.gov), signed, under penalties of perjury, attesting to such holder’s exempt foreign status. U.S. backup withholding is not an additional tax. Rather,
the U.S. federal income tax liability of persons subject to backup withholding will be reduced by the amount of tax withheld. If withholding results in an overpayment of taxes, a refund may be obtained provided that the required information is
timely furnished to the IRS. Holders are urged to consult their tax advisors regarding how to complete the appropriate forms and to determine whether they are exempt from backup withholding or other withholding taxes. 

 Exhibit C 

[On Issuer’s Letterhead] 

[insert Closing Date] 
 Wilmington Trust,
National Association, as Trustee 
 1100 North Market Street 

Wilmington, DE 19801 
 Attention: Carriage Services, Inc.
Administrator 
 Re: Cancellation Order related to Indenture, dated as of March 19, 2014 (the “Indenture”), between Carriage
Services, Inc., as issuer, and Wilmington Trust, National Association, as trustee 
 Issue: Carriage Services, Inc. 2.75% Convertible Subordinated Notes Due
2021 (the “Notes”) 
 In connection with the repurchase by the Issuer of the Notes pursuant to Section 2.14 of the Indenture,
you, as Trustee under the Indenture, are hereby instructed pursuant to Section 2.10 of the Indenture to cancel (in the manner provided in the Indenture) the aggregate principal amount of Notes repurchased as set forth below and record a
corresponding reduction on the Global Notes principal balance. 
 Accordingly, we hereby authorize and direct you to cancel the following Notes via a DTC one-sided DWAC withdrawal(s)* request to be initiated by: 
 DTC Participant: [insert applicable DTC participant entity
name] 
 DTC Participant #: [insert applicable DTC participant number] 

Principal Amount: $[insert applicable principal amount] 
 CUSIP:
[insert applicable CUSIP number] 
 DWAC cancellation date: [insert applicable cancellation date] 

Please contact [insert issuer contact point’s name and phone/email address] if you have any questions. 

 

			
	Very truly yours,
	
	Carriage Services, Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	[insert officer title]

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