Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of January 27, 2014, is by and among Crocs, Inc., a
Delaware corporation (the “Company”), and each of the Persons listed on Schedule 1 hereto (collectively, the “Purchasers”). The Purchasers and any other Person who may become a party hereto pursuant to
Section 11(c) are referred to individually as a “Shareholder” and collectively as the “Shareholders.” 

WHEREAS, the Company and Blackstone Capital Partners VI L.P., a Delaware limited partnership (the “Initial Purchaser
Representative”) are parties to the Investment Agreement, dated as of December 28, 2013, as amended by the First Amendment to the Investment Agreement, dated as of January 27, 2014 (as it may be further amended, supplemented or
otherwise modified from time to time, the “Investment Agreement”); and 
 WHEREAS, in accordance with Section 6.8 of
the Investment Agreement, the Initial Purchaser Representative transferred and assigned rights, interests and obligations under the Investment Agreement to the Purchasers pursuant to the Assignment and Assumption Agreement among the Initial
Purchaser Representative, the Purchasers and the Company, dated as of January 27, 2014; and 
 WHEREAS, the Purchasers desire to have,
and the Company desires to grant, certain registration and other rights with respect to the Registrable Securities on the terms and subject to the conditions set forth in this Agreement. 

NOW, THEREFORE, for and in consideration of the mutual agreements contained herein and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

Section 1. Definitions. As used in this Agreement, the following terms shall have the following meanings, and terms used herein
but not otherwise defined herein shall have the meanings assigned to them in the Investment Agreement: 
 “Adverse
Disclosure” means public disclosure of material non-public information that, in the good faith judgment of the Company’s board of directors (after consultation with legal counsel): (i) would be required to be made in any
Registration Statement filed with the SEC by the Company so that such Registration Statement or report would not be materially misleading; (ii) would not be required to be made at such time but for the filing, effectiveness or continued use of
such Registration Statement or report; and (iii) the Company has a bona fide business purpose for not disclosing publicly. 

“Agreement” shall have the meaning set forth in the preamble. 

“Automatic Shelf Registration Statement” shall have the meaning set forth in Rule 405 (or any successor provision) of the
Securities Act. 
 “Certificate of Designations” shall mean that certain Certificate of Designations of the Company,
setting forth the rights, privileges, preferences and restrictions of the Convertible Preferred Stock, dated as of the date hereof, as the same may be amended from time to time. 

“Common Stock” shall mean all shares currently or hereafter existing of Common Stock, par value $0.001 per share, of the
Company. 
 “Convertible Preferred Stock” shall mean all shares currently or hereafter existing of Series A Preferred
Stock. 
 “Demand Notice” shall have the meaning set forth in Section 3(a). 

  
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 “Demand Registration” shall have the meaning set forth in Section 3(a).

 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and any successor statute thereto, and the
rules and regulations of the SEC promulgated thereunder. 
 “Indemnified Party” shall have the meaning set forth in
Section 8(c). 
 “Indemnifying Party” shall have the meaning set forth in Section 8(c). 

“Investment Agreement” shall have the meaning set forth in the recitals. 

“Long-Form Registration” shall have the meaning set forth in Section 3(a). 

“Losses” shall have the meaning set forth in Section 8(a). 

“Marketed Offering” shall mean a registered underwritten offering of Registrable Securities (including any registered
underwritten Shelf Offering) that is consummated, withdrawn or abandoned by the applicable Shareholders following formal participation by the Company’s management in a customary “road show” (including an “electronic road
show”) or other similar marketing effort by the Company. 
 “Person” shall mean any natural person, corporation,
limited partnership, general partnership, limited liability company, joint stock company, joint venture, association, company, estate, trust, bank trust company, land trust, business trust, or other organization, whether or not a legal entity,
custodian, trustee-executor, administrator, nominee or entity in a representative capacity and any government or agency or political subdivision thereof. 

“Piggyback Notice” shall have the meaning set forth in Section 4(a). 

“Piggyback Registration” shall have the meaning set forth in Section 4(a). 

“Piggyback Request” shall have the meaning set forth in Section 4(a). 

“Proceeding” shall mean an action, claim, suit, arbitration or proceeding (including an investigation or partial proceeding,
such as a deposition), whether commenced or threatened. 
 “Prospectus” shall mean the prospectus included in any
Registration Statement (including a prospectus that discloses information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A or Rule 430B promulgated under the Securities Act), as
amended or supplemented by any prospectus supplement, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such
prospectus. 
 “Public Offering” shall mean the sale of Common Stock to the public pursuant to an effective Registration
Statement (other than Form S-4 or Form S-8 or any successor form) filed under the Securities Act or any comparable law or regulatory scheme of any foreign jurisdiction. 

“Registrable Securities” shall mean, as of any date of determination, the Convertible Preferred Stock issued to the Initial
Purchaser Representative pursuant to the Investment Agreement (whether or not subsequently transferred to any Shareholder), and any Common Stock hereafter acquired by the Purchasers or any Shareholder pursuant to the conversion of the Convertible
Preferred Stock, and any other securities issued or issuable with respect to any such shares by way of share split, share dividend, distribution, recapitalization, merger, exchange, replacement or similar event or otherwise. As to any particular
Registrable Securities, once issued, such securities shall cease to be Registrable Securities when (i) they are sold pursuant to an effective Registration Statement under the Securities Act, (ii) the holder thereof, together with its, his
or her affiliates, beneficially owns less than 1.0% of the shares of Common Stock (including all shares issuable upon the conversion of all Convertible 

  
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Preferred Stock) at such time and such holder is able to dispose of all of its, his or her Registrable Securities pursuant to Rule 144 without any volume limitations or manner of sale limitations
thereunder, provided that at such time such Registrable Securities bear no legends restricting the transfer thereof, or (iii) they shall have ceased to be outstanding. 

“Registration Statement” shall mean any registration statement of the Company under the Securities Act which covers any of
the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits and all material incorporated by
reference or deemed to be incorporated by reference in such registration statement. 
 “Rule 144” shall mean Rule 144 under
the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC. 

“SEC” shall mean the Securities and Exchange Commission or any successor agency having jurisdiction under the Securities Act.

 “Securities Act” shall mean the Securities Act of 1933, as amended, and any successor statute thereto, and the rules and
regulations of the SEC promulgated thereunder. 
 “Shareholders” shall have the meaning set forth in the preamble. 

“Shelf Offering” shall have the meaning set forth in Section 4(c). 

“Short-Form Registration” shall have the meaning set forth in Section 3(a). 

“Take-Down Notice” shall have the meaning set forth in Section 4(c). 

“underwritten registration” or “underwritten offering” shall mean a registration in which securities of the
Company are sold to an underwriter for reoffering to the public. 
 “Well-Known Seasoned Issuer” shall have the meaning set
forth in Rule 405 (or any successor provision) of the Securities Act. 
 Section 2. Holders of Registrable Securities. A
Person is deemed, and shall only be deemed, to be a holder of Registrable Securities if such Person owns Registrable Securities or has a right to acquire such Registrable Securities and such Person is a Shareholder. 

Section 3. Demand Registrations. 

(a) Requests for Registration. Subject to the following paragraphs of this Section 3(a), one or more Shareholders shall have
the right, by delivering or causing to be delivered a written notice to the Company, to require the Company to register pursuant to the terms of this Agreement, under and in accordance with the provisions of the Securities Act, the offer, sale and
distribution of the number of Registrable Securities requested to be so registered pursuant to the terms of this Agreement on Form S-3 (which, unless all Shareholders delivering such notice request otherwise, shall be (i) filed pursuant to Rule
415 under the Securities Act and (ii) if the Company is a Well-Known Seasoned Issuer at the time of filing such registration statement with the SEC, designated by the Company as an Automatic Shelf Registration Statement), if the Company is then
eligible for such short-form, or any similar or successor short-form registration (“Short-Form Registrations”) or, if the Company is not then eligible for such short form registration, on Form S-1 or any similar or successor
long-form registration (“Long-Form Registrations”) (any such written notice, a “Demand Notice” and any such registration, a “Demand Registration”), as soon as reasonably practicable after delivery
of such Demand Notice, but, in any event, the Company shall be required to make the initial filing of the Registration Statement within 30 days following receipt of such Demand Notice in the case of a Short-Form Registration or within 90 days
following receipt of such Demand Notice in the case of a Long-Form Registration; provided, however, that, unless a 

  
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Shareholder requests to have registered all of its Registrable Securities, a Demand Notice for a Marketed Offering may only be made if the sale of the Registrable Securities requested to be
registered by such Shareholders is reasonably expected to result in aggregate gross cash proceeds in excess of $50,000,000 (without regard to any underwriting discount or commission). Following receipt of a Demand Notice for a Demand Registration in
accordance with this Section 3(a), the Company shall use its reasonable best efforts to file a Registration Statement in accordance with such Demand Notice as promptly as practicable and shall use its reasonable best efforts to cause such
Registration Statement to be declared effective under the Securities Act as promptly as practicable after the filing thereof. Notwithstanding anything to the contrary in this Agreement, no later than the Mandatory Conversion Date (as defined in the
Certificate of Designations), the Company shall register pursuant to Rule 415 under the Securities Act and cause to be then effective an Automatic Shelf Registration Statement or, if the Company is not then eligible to use an Automatic Shelf
Registration Statement, another Short-Form Registration, registering all of the Registrable Securities to be received by the Shareholders as a result of the conversion of such Shareholders’ Convertible Preferred Stock on the Mandatory
Conversion Date and all other Registrable Securities (including all shares issuable upon the conversion of all Convertible Preferred Stock) not previously so registered pursuant to a then effective registration statement (and, in each case, the
offer, sale and distribution thereof); provided, however, that if the Company is not then eligible to use an Automatic Shelf Registration Statement or another Short-Form Registration, the Company may comply with the foregoing through a
Long-Form Registration that is available for the immediate offer, sale and distribution by the Shareholders of all such Registrable Securities. 

No Demand Registration shall be deemed to have occurred for purposes of this Section 3(a), and any Demand Notice delivered in connection
therewith shall not count as a Demand Notice for purposes of Section 3(e), if (x) the Registration Statement relating thereto (and covering not less than all Registrable Securities specified in the applicable Demand Notice for sale in
accordance with the intended method or methods of distribution specified in such Demand Notice) (i) does not become effective, or (ii) is not maintained effective for the period required pursuant to this Section 3 or (y) the
offering of the Registrable Securities pursuant to such Registration Statement is subject to a stop order, injunction, or similar order or requirement of the SEC during such period or (z) the conditions to closing specified in any underwriting
agreement, purchase agreement, or similar agreement entered into in connection with the registration relating to such request are not satisfied other than as a result of the Shareholders’ actions. 

All requests made pursuant to this Section 3 will specify the number of Registrable Securities to be registered and the intended
method(s) of disposition thereof. 
 Except as otherwise agreed by all Shareholders with Registrable Securities subject to a Demand
Registration, the Company shall maintain the continuous effectiveness of the Registration Statement with respect to any Demand Registration until such securities cease to be Registrable Securities or such shorter period upon which all Shareholders
with Registrable Securities included in such Registration Statement have notified the Company that such Registrable Securities have actually been sold. 

Within five business days after receipt by the Company of a Demand Notice pursuant to this Section 3(a), the Company shall deliver a
written notice of any such Demand Notice to all other holders of Registrable Securities, and the Company shall, subject to the provisions of Section 3(b), include in such Demand Registration all such Registrable Securities with respect to which
the Company has received written requests for inclusion therein within 10 business days after the date that such notice has been delivered; provided that such holders must agree to the method of distribution proposed by the Shareholders who
delivered the Demand Notice and, in connection with any underwritten registration, such holders (together with the Company and the other holders including securities in such underwritten registration) must enter into an underwriting agreement in the
form reasonably approved by the Company and the Shareholders holding the majority of the Registrable Securities. All requests made pursuant to the preceding sentence shall specify the aggregate amount of Registrable Securities to be registered and
the intended method of distribution of such securities. 
 (b) Priority on Demand Registration. If any of the Registrable
Securities registered pursuant to a Demand Registration are to be sold in an underwritten offering, and the managing underwriter(s) 

  
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advise the holders of such securities in writing that in its good faith opinion the total number or dollar amount of Registrable Securities proposed to be sold in such offering is such as to
adversely affect the price, timing or distribution of such offering (including securities proposed to be included by other holders entitled to include such securities in such Registration Statement pursuant to incidental or piggyback registration
rights), then there shall be included in such underwritten offering the number or dollar amount of Registrable Securities that in the opinion of such managing underwriter(s) can be sold without adversely affecting such offering, and such number of
Registrable Securities shall be allocated as follows: 
 (i) first, pro rata among the holders of Registrable
Securities that have requested to participate in such Demand Registration on the basis of the percentage of the Registrable Securities requested to be included in such Registration Statement by such holders; and 

(ii) second, the securities for which inclusion in such Demand Registration, as the case may be, was requested by the Company.

 No Securities excluded from the underwriting by reason of the managing underwriter’s marketing limitations shall be included in such
offering. 
 (c) Postponement of Demand Registration. The Company shall be entitled to postpone (but not more than once in any
12-month period), for a reasonable period of time not in excess of 75 days, the filing (but not the preparation) of a Registration Statement if the Company delivers to the Shareholders requesting registration a certificate signed by an executive
officer certifying that such registration and offering would (i) require the Company to make an Adverse Disclosure or (ii) materially interfere with any bona fide material financing, acquisition, disposition or other similar
transaction involving the Company or any of its Subsidiaries then under consideration; provided, however, that with respect to each 12-month period, the 75-day maximum described in this sentence will be reduced by one day for each day
during which holders of Registrable Securities are required to discontinue disposition of securities pursuant to the last paragraph of Section 6. Such certificate shall contain a statement of the reasons for such postponement and an
approximation of the anticipated delay. The Shareholders receiving such certificate shall keep the information contained in such certificate confidential subject to the same terms set forth in Section 6(o). If the Company shall so postpone the
filing of a Registration Statement, the Shareholders requesting such registration shall have the right to withdraw the request for registration by giving written notice to the Company within 10 days of the anticipated termination date of the
postponement period, as provided in the certificate delivered to the applicable Shareholders and, for the avoidance of doubt, upon such withdrawal, the withdrawn request shall not constitute a Demand Notice; provided that in the event such
Shareholders do not so withdraw the request for registration, the Company shall continue to prepare a Registration Statement during such postponement such that, if it exercises its rights under this Section 3(c), it shall be in a position to
and shall, as promptly as practicable following the expiration of the applicable deferral or suspension period, file or update and use its reasonable efforts to cause the effectiveness of the applicable deferred or suspended Registration Statement.

 (d) Cancellation of a Demand Registration. Holders of a majority of the Registrable Securities that are to be registered in
a particular offering pursuant to this Section 3 shall have the right to notify the Company that they have determined that the registration statement be abandoned or withdrawn, in which event the Company shall abandon or withdraw such
registration statement; provided, that such Demand Notice underlying such abandonment or withdrawal shall not be deemed to be a Demand Notice for purposes of Section 3(e) if in response to a material adverse change regarding the Company
or a material adverse change in the financial markets generally. 
 (e) Number of Demand Notices. In connection with the
provisions of this Section 3, the Shareholders collectively shall have (i) three Demand Notices in connection with Marketed Offerings, which they are permitted to deliver (or cause to be delivered) to the Company hereunder;
provided, that in connection therewith the Company shall cause its officers to use their reasonable best efforts to support the marketing of the Registrable Securities covered by the Registration Statement (including participation in
“road shows”), and (ii)three additional Demand Notices (other than in connection with a Marketed Offering), which they are permitted to 

  
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deliver (or cause to be delivered) to the Company hereunder; provided, that (A) in connection therewith the Company shall not be obligated to cause its officers to support the
marketing of the Registrable Securities covered by the Registration Statement and such officers will not be obligated to participate in any “road shows,” and (B) the Shareholders may not make more than three Demand
Registration requests in any 365-day period. 
 Section 4. Piggyback Registration; Shelf Take Down. 

(a) Right to Piggyback. Except with respect to a Demand Registration, the procedures for which are addressed in Section 3,
if the Company proposes to file a registration statement under the Securities Act with respect to an offering of Registrable Securities, whether or not for sale for its own account and whether or not an underwritten offering or an underwritten
registration (other than a registration statement (i) on Form S-4, Form S-8 or any successor forms thereto or (ii) filed to effectuate an exchange offer or any employee benefit or dividend reinvestment plan), then the Company shall give
prompt written notice of such filing no later than five business days prior to the filing date (the “Piggyback Notice”) to all of the holders of Registrable Securities. The Piggyback Notice shall offer such holders the opportunity
to include (or cause to be included) in such registration statement the number of Registrable Securities as each such holder may request (each, a “Piggyback Registration”). Subject to Section 4(b), the Company shall include in
each such Piggyback Registration all Registrable Securities with respect to which the Company has received written requests for inclusion therein (each a “Piggyback Request”) within 10 business days after notice has been given to
the applicable holder. The Company shall not be required to maintain the effectiveness of the Registration Statement for a Piggyback Registration beyond the earlier to occur of (x) 180 days after the effective date thereof and
(y) consummation of the distribution by the holders of the Registrable Securities included in such Registration Statement. 
 (b)
Priority on Piggyback Registrations. If any of the Registrable Securities to be registered pursuant to the registration giving rise to the rights under this Section 4 are to be sold in an underwritten offering, the Company shall use
reasonable best efforts to cause the managing underwriter(s) of a proposed underwritten offering to permit holders of Registrable Securities who have timely submitted a Piggyback Request in connection with such offering to include in such offering
all Registrable Securities included in each holder’s Piggyback Request on the same terms and subject to the same conditions as any other shares of capital stock, if any, of the Company included in the offering. Notwithstanding the foregoing, if
the managing underwriter(s) of such underwritten offering advise the Company in writing that it is their good faith opinion the total number or dollar amount of securities that such holders, the Company and any other Persons having rights to
participate in such registration, intend to include in such offering is such as to adversely affect the price, timing or distribution of the securities in such offering, then there shall be included in such underwritten offering the number or dollar
amount of securities that in the opinion of such managing underwriter(s) can be sold without so adversely affecting such offering, and such number of Registrable Securities shall be allocated as follows: (i) first, all securities proposed to be
sold by the Company for its own account; (ii) second, all Registrable Securities requested to be included in such registration pursuant to Section 4, pro rata among such holders on the basis of the percentage of the Registrable
Securities requested to be included in such Registration Statement by such holders; and (iii) third, all other securities requested to be included in such Registration Statement; provided that holders may, prior to the earlier of the
(i) effectiveness of the Registration Statement and (ii) time at which the offering price and/or underwriter’s discount are determined with the managing underwriter(s), withdraw their request to be included in such registration
pursuant to this Section 4. 
 (c) Shelf-Take Downs. At any time that a shelf registration statement covering Registrable
Securities pursuant to Section 3 or Section 4 (or otherwise) is effective, if any Shareholder delivers a notice to the Company (each, a “Take-Down Notice”) stating that it intends to sell all or part of its Registrable
Securities included by it on the shelf registration statement (each, a “Shelf Offering”), then, the Company shall amend or supplement the shelf registration statement as may be necessary in order to enable such Registrable
Securities to be distributed pursuant to the Shelf Offering (taking into account the inclusion of Registrable Securities by any other holders pursuant to this Section 4(c)). In connection with any Shelf Offering, including any Shelf Offering
that is a Marketed Offering: 
 (i) such proposing holder(s) shall also deliver the Take-Down Notice to all other holders of
Registrable Securities included on such shelf registration statement and permit each such holder to include its Registrable Securities included on the shelf registration statement in the Shelf Offering if such holder notifies the proposing holder(s)
and the Company within five days after delivery of the Take-Down Notice to such holder; and 
 (ii) if the Shelf Offering is
underwritten, in the event that the managing underwriter(s) of such Shelf Offering advise such holders in writing that it is their good faith opinion the total number or dollar amount of securities proposed to be sold exceeds the total number or
dollar amount of such securities that can be sold without having an adverse effect on the price, timing or distribution of the Registrable Securities to be included, then the managing underwriter(s) may limit the number of Registrable Securities
which would otherwise be included in such Shelf Offering in the same manner as described in Section 3(b) with respect to a limitation of shares to be included in a registration; 

  
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 provided, however, that each Shelf Offering that is a Marketed Offering initiated
by a Shareholder shall be deemed to be a demand subject to the provisions of Section 3(a) (subject to Section 3(d)), and shall decrease by one the number of Demand Notices the Shareholders are entitled to pursuant to Section 3(e)(i).

 Section 5. Restrictions on Public Sale by Holders of Registrable Securities.

(a) If any registration pursuant to Section 3 or Section 4 of this Agreement shall be in connection with any: (i) Marketed
Offering (including with respect to a Shelf Offering pursuant to Section 4(c) hereof), the Company will cause each of its executive officers and directors to sign a customary “lock-up” agreement containing provisions consistent with
those contemplated pursuant to Section 5(b); and (ii) underwritten offering (including with respect to a Shelf Offering pursuant to Section 4(c) hereof), the Company will also not effect any public sale or distribution of any common
equity (or securities convertible into or exchangeable or exercisable for common equity) (other than a registration statement (A) on Form S-4, Form S-8 or any successor forms thereto or (B) filed solely in connection with an exchange offer
or any employee benefit or dividend reinvestment plan) for its own account, within 90 days (plus, a then customary “booster shot” extension required to permit research analysts to publish research reports compliant with Rule 139 under the
Securities Act pursuant to FINRA Rule 2711 (or a successor thereto)) after the date of the Prospectus for such offering except as may otherwise be agreed with the holders of the Registrable Securities in such offering. 

(b) Each holder of Registrable Securities agrees with all other holders of Registrable Securities and the Company in connection with any
underwritten offering made pursuant to a Registration Statement filed pursuant to Section 3 or Section 4, as applicable, if requested in writing by the managing underwriter or underwriters in such offering, it will not (i) effect any
public sale or distribution of any of the Company’s securities (except as part of such underwritten offering), including a sale pursuant to Rule 144 or any swap or other economic arrangement that transfers to another Person any of the economic
consequences of owning Common Stock, or (ii) give any Demand Notice during the period commencing on the date of the Prospectus pursuant to which such underwritten public offering may be made and continuing for not more than 90 days after the
date of such Prospectus (or Prospectus supplement if the offering is made pursuant to a “shelf” registration), plus a then customary “booster shot” extension required to permit research analysts to publish research reports
compliant with Rule 139 under the Securities Act pursuant to FINRA Rule 2711 (or a successor thereto). In connection with any underwritten offering made pursuant to a Registration Statement filed pursuant to Section 3 or Section 4, the
Company, or, if Shareholders will be selling more Registrable Securities in the offering than the Company, Shareholders holding a majority of the Registrable Securities shall be responsible for negotiating all “lock-up” agreements with the
underwriters and, in addition to the foregoing provisions of this Section 5, the Shareholders agree to execute the form so negotiated; provided, that the form so negotiated is reasonably acceptable to the Company or the
Shareholders, as applicable, and consistent with the agreement set forth in this Section 5 and that the Company’s executive officers and directors shall also have executed such form of agreement so negotiated. 

  
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 Section 6. Registration Procedures. If and whenever the Company is required to
effect the registration of any Registrable Securities under the Securities Act as provided in Section 3 or Section 4, the Company shall use its reasonable best efforts to effect such registration to permit the sale of such Registrable
Securities in accordance with the intended method or methods of disposition thereof, and pursuant thereto the Company shall cooperate in the sale of the securities and shall use its reasonable best efforts, as expeditiously as possible to the extent
applicable, to: 
 (a) prepare and file with the SEC a Registration Statement or Registration Statements on such form as shall be available
for the sale of the Registrable Securities by the holders thereof or by the Company in accordance with the intended method or methods of distribution thereof and in accordance with this Agreement, and use its reasonable best efforts to cause such
Registration Statement to become effective and to remain effective as provided herein; provided, however, that before filing a Registration Statement or Prospectus or any amendments or supplements thereto (including documents that
would be incorporated or deemed to be incorporated therein by reference), the Company shall furnish or otherwise make available to the holders of the Registrable Securities covered by such Registration Statement, their counsel and the managing
underwriters, if any, copies of all such documents proposed to be filed, which documents will be subject to the reasonable review and comment of such counsel, and such other documents reasonably requested by such counsel, including any comment
letter from the SEC, and, if requested by such counsel, provide such counsel reasonable opportunity to participate in the preparation of such Registration Statement and each Prospectus included therein and such other opportunities to conduct a
reasonable investigation within the meaning of the Securities Act, including reasonable access to the Company’s books and records, officers, accountants and other advisors. The Company shall not file any such Registration Statement or
Prospectus or any amendments or supplements thereto (including such documents that, upon filing, would be incorporated or deemed to be incorporated by reference therein) with respect to a Demand Registration to which the holders of a majority of the
Registrable Securities covered by such Registration Statement, their counsel, or the managing underwriters, if any, shall reasonably object, in writing, on a timely basis, unless, in the opinion of the Company’s counsel, such filing is
necessary to comply with applicable law; 
 (b) prepare and file with the SEC such amendments and post-effective amendments to each
Registration Statement as may be necessary to keep such Registration Statement continuously effective during the period provided herein and comply in all material respects with the provisions of the Securities Act with respect to the disposition of
all securities covered by such Registration Statement; and cause the related Prospectus to be supplemented by any Prospectus supplement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of the
securities covered by such Registration Statement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; 

(c) notify each selling holder of Registrable Securities, its counsel and the managing underwriters, if any, promptly, and (if requested by
any such Person) confirm such notice in writing, (i) when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to a Registration Statement or any post-effective amendment, when the same has
become effective, (ii) of any request by the SEC or any other federal or state governmental authority for amendments or supplements to a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by
the SEC of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (iv) if at any time the Company has reason to believe that the representations and warranties of the
Company contained in any agreement (including any underwriting agreement) contemplated by Section 6(n) below cease to be true and correct, (v) of the receipt by the Company of any notification with respect to the suspension of the
qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose, and (vi) if the Company has knowledge of the happening of any
event that makes any statement made in such Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in such
Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein, not misleading, and that in 

  
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the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading (which notice shall notify the selling holders only of the occurrence of such an event and shall provide no additional information regarding such event to the extent such information would
constitute material non-public information); 
 (d) prevent the issuance or obtain the withdrawal of any order suspending the effectiveness
of a Registration Statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction at the earliest date reasonably practicable; 

(e) if requested by the managing underwriters, if any, or the holders of a majority of the then outstanding Registrable Securities being sold
in connection with an underwritten offering, promptly include in a Prospectus supplement or post-effective amendment such information as the managing underwriters, if any, and such holders may reasonably request in order to permit the intended
method of distribution of such securities and make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received such request; provided, however, that the
Company shall not be required to take any actions under this Section 6(e) that are not, in the opinion of counsel for the Company, in compliance with applicable law; 

(f) furnish or make available to each selling holder of Registrable Securities, its counsel and each managing underwriter, if any, without
charge, at least one conformed copy of the Registration Statement, the Prospectus and Prospectus supplements, if applicable, and each post-effective amendment thereto, including financial statements (but excluding schedules, all documents
incorporated or deemed to be incorporated therein by reference, and all exhibits, unless requested in writing by such holder, counsel or underwriter); provided that the Company may furnish or make available any such documents in electronic
format; 
 (g) deliver to each selling holder of Registrable Securities, its counsel, and the underwriters, if any, without charge, as many
copies of the Prospectus or Prospectuses (including each form of Prospectus) and each amendment or supplement thereto as such Persons may reasonably request from time to time in connection with the distribution of the Registrable Securities;
provided that the Company may furnish or make available any such documents in electronic format (other than, in the case of a Marketed Offering, upon the request of the managing underwriters thereof for printed copies of any such Prospectus
or Prospectuses); and the Company, subject to the last paragraph of this Section 6, hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling holders of Registrable Securities and the
underwriters, if any, in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any such amendment or supplement thereto; 

(h) prior to any public offering of Registrable Securities, register or qualify or cooperate with the selling holders of Registrable
Securities, the underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or
“blue sky” laws of such jurisdictions within the United States as any seller or underwriter reasonably requests in writing and to keep each such registration or qualification (or exemption therefrom) effective during the period such
Registration Statement is required to be kept effective pursuant to this Agreement and to take any other action that may be necessary or advisable to enable such holders of Registrable Securities to consummate the disposition of such Registrable
Securities in such jurisdiction; provided, however, that the Company will not be required to (i) qualify generally to do business in any jurisdiction where would not otherwise be required to qualify but for this Agreement or
(ii) take any action that would subject it to general service of process in any such jurisdiction where it would not otherwise be subject but for this Agreement; 

(i) cooperate with, and direct the Company’s transfer agent to cooperate with, the selling holders of Registrable Securities and the
managing underwriters, if any, to facilitate the timely settlement of any offering or sale of Registrable Securities, including the preparation and delivery of certificates (not bearing 

  
 9 

 
any legends) or book-entry (not bearing stop transfer instructions) representing Registrable Securities to be sold after receiving written representations from each holder of such Registrable
Securities that the Registrable Securities represented by the certificates so delivered by such holder will be transferred in accordance with the Registration Statement and, in connection therewith, if reasonably required by the Company’s
transfer agent, the Company shall promptly after the effectiveness of the registration statement cause an opinion of counsel as to the effectiveness of any Registration Statement to be delivered to and maintained with its transfer agent, together
with any other authorizations, certificates and directions required by the transfer agent which authorize and direct the transfer agent to issue such Registrable Securities without restriction upon sale by the holder of such shares of Registrable
Securities under the Registration Statement; 
 (j) upon the occurrence of, and its knowledge of, any event contemplated by
Section 6(c)(vi) above, prepare a supplement or post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other
required document so that, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, such that the Registration Statement will not contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein, not misleading, and the Prospectus will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were made, not misleading; 
 (k) prior to the effective date
of the Registration Statement relating to the Registrable Securities, provide a CUSIP number for the Registrable Securities; 
 (l) provide
and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by such Registration Statement from and after a date not later than the effective date of such Registration Statement; 

(m) cause all shares of Registrable Securities covered by such Registration Statement to be listed on a national securities exchange if
shares of the particular class of Registrable Securities are at that time listed on such exchange, as the case may be, prior to the effectiveness of such Registration Statement; 

(n) enter into such agreements (including underwriting agreements in form, scope and substance as is customary in underwritten offerings and
such other documents reasonably required under the terms of such underwriting agreements, including customary legal opinions and auditor “comfort” letters) and take all such other actions reasonably requested by the holders of a majority
of the Registrable Securities being sold in connection therewith (including those reasonably requested by the managing underwriters, if any) to expedite or facilitate the disposition of such Registrable Securities; 

(o) in connection with a customary due diligence review, make available for inspection by a representative of the selling holders of
Registrable Securities, any underwriter participating in any such disposition of Registrable Securities, if any, and any counsel or accountants retained by such selling holders or underwriter (collectively, the “Offering Persons”),
at the offices where normally kept, during reasonable business hours, all financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries, and cause the officers, directors and employees of the Company
and its subsidiaries to supply all information and participate in customary due diligence sessions in each case reasonably requested by any such representative, underwriter, counsel or accountant in connection with such Registration Statement,
provided, however, that any information that is not generally publicly available at the time of delivery of such information shall be kept confidential by such Offering Persons unless (i) disclosure of such information is required
by court or administrative order or in connection with an audit or examination by, or a blanket document request from, a regulatory or self-regulatory authority, bank examiner or auditor, (ii) disclosure of such information, in the reasonable
judgment of the Offering Persons, is required by law or applicable legal process (including in connection with the offer and sale of securities pursuant to the rules and regulations of the SEC), (iii) such information is or becomes generally
available to the public other than as a result of a non-permitted disclosure or failure to safeguard by such Offering Persons in violation of this Agreement or (iv) such information (A) was

  
 10 

 
known to such Offering Persons (prior to its disclosure by the Company) from a source other than the Company when such source, to the knowledge of the Offering Persons, was not bound by any
contractual, legal or fiduciary obligation of confidentiality to the Company with respect to such information, (B) becomes available to the Offering Persons from a source other than the Company when such source, to the knowledge of the Offering
Persons, is not bound by any contractual, legal or fiduciary obligation of confidentiality to the Company with respect to such information or (C) was developed independently by the Offering Persons or their respective representatives without
the use of, or reliance on, information provided by the Company. In the case of a proposed disclosure pursuant to (i) or (ii) above, such Person shall be required to give the Company written notice of the proposed disclosure prior to such
disclosure (except in the case of (ii) above when a proposed disclosure was or is to be made in connection with a Registration Statement or Prospectus under this Agreement and except in the case of clause (i) above when a proposed
disclosure is in connection with a routine audit or examination by, or a blanket document request from, a regulatory or self-regulatory authority, bank examiner or auditor); and 

(p) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required to be made with the FINRA, including the use reasonable best efforts to obtain FINRA’s pre-clearance or pre-approval of the Registration Statement and applicable
Prospectus upon filing with the SEC. 
 The Company may require each holder of Registrable Securities as to which any registration is being
effected to furnish to the Company in writing such information required in connection with such registration regarding such seller and the distribution of such Registrable Securities as the Company may, from time to time, reasonably request in
writing. 
 Each holder of Registrable Securities agrees if such holder has Registrable Securities covered by such Registration Statement
that, upon receipt of any written notice from the Company of the happening of any event of the kind described in Section 6(c) (ii), (iii), (iv) or (v), such holder will forthwith discontinue disposition of such Registrable Securities
pursuant to such Registration Statement or Prospectus until such holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(j), or until it is advised in writing by the Company that the use of the
applicable Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus; provided, however, that the time periods under
Section 3 with respect to the length of time that the effectiveness of a Registration Statement must be maintained shall automatically be extended by the amount of time the holder is required to discontinue disposition of such securities. 

Section 7. Registration Expenses. All fees and expenses incurred by the Company and incident to the performance of or compliance
with this Agreement by the Company (including without limitation (i) all registration and filing fees (including fees and expenses with respect to (A) all SEC, stock exchange or trading system and FINRA registration, listing, filing and
qualification and any other fees associated with such filings, including with respect to counsel for the underwriters and any qualified independent underwriter in connection with FINRA qualifications, (B) rating agencies and (C) compliance
with securities or “blue sky” laws, including any fees and disbursements of counsel for the underwriters in connection with “blue sky” qualifications of the Registrable Securities pursuant to Section 6(h)), (ii) fees
and expenses of the financial printer, (iii) messenger, telephone and delivery expenses of the Company, (iv) fees and disbursements of counsel for the Company, (v) fees and disbursements of all independent certified public
accountants, including the expenses of any special audits and/or “comfort letters” required by or incident to such performance and compliance) and all reasonable fees and expenses of one counsel retained by the holders of Registrable
Securities, shall be borne by the Company, whether or not any Registration Statement is filed or becomes effective. All underwriters’ discounts and selling commissions, in each case related to Registrable Securities registered in accordance
with this Agreement, shall be borne by the holders of Registrable Securities included in such registration pro rata among each other on the basis of the number of Registrable Securities so registered. In addition, the Company shall be
responsible for all of its internal expenses incurred in connection with the consummation of the transactions contemplated by this Agreement (including, without limitation, all salaries and expenses of its officers and employees performing legal or
accounting duties), the expense of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange as required hereunder. 

  
 11 

 Section 8. Indemnification. 

(a) Indemnification by the Company. The Company shall, without limitation as to time, indemnify and hold harmless, to the fullest
extent permitted by law, each holder of Registrable Securities whose Registrable Securities are covered by a Registration Statement or Prospectus, the officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and
employees of each of them, each Person who controls each such holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, partners, members, managers, shareholders,
accountants, attorneys, agents and employees of each such controlling person, each underwriter, if any, and each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) such
underwriter, from and against any and all reasonably foreseeable losses, claims, damages, liabilities, costs (including costs of preparation and reasonable attorneys’ fees and any legal or other fees or expenses actually incurred by such party
in connection with any investigation or Proceeding), expenses, judgments, fines, penalties, charges and amounts paid in settlement (collectively, “Losses”), as incurred, in each case arising out of or based upon any untrue statement
(or alleged untrue statement) of a material fact contained in any Prospectus, offering circular, any amendments or supplements thereto, “issuer free writing prospectus” (as such term is defined in Rule 433 under the Securities Act) or
other document (including any related Registration Statement, notification, or the like) incident to any such registration, qualification, or compliance, or based on any omission (or alleged omission) to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, or any violation by the Company of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation thereunder applicable to the Company and (without
limitation of the preceding portions of this Section 8(a)) will reimburse each such holder, each of its officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees and each Person who controls
each such holder and the officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees of each such controlling person, each such underwriter, and each Person who controls any such underwriter, for any
reasonable and documented out-of-pocket legal and any other expenses actually incurred in connection with investigating and defending or, subject to the last sentence of this Section 8(a), settling any such Loss or action, provided that
the Company will not be liable in any such case to the extent that any such Loss arises out of or is based on any untrue statement or omission by such holder or underwriter, but only if such untrue statement (or alleged untrue statement) or omission
(or alleged omission) is made in such Registration Statement, Prospectus, offering circular, or other document in reliance upon and in conformity with written information regarding such holder of Registrable Securities furnished to the Company by
such holder of Registrable Securities or its authorized representatives expressly for inclusion therein. It is agreed that the indemnity agreement contained in this Section 8(a) shall not apply to amounts paid in settlement of any such Loss or
action if such settlement is effected without the prior written consent of the Company (which consent shall not be unreasonably withheld). 

(b) Indemnification by Holder of Registrable Securities. The Company may require, as a condition to including any Registrable
Securities in any registration statement filed in accordance with this Agreement, that the Company shall have received an undertaking reasonably satisfactory to it from the prospective seller of such Registrable Securities to indemnify, to the
fullest extent permitted by law, severally and not jointly with any other holders of Registrable Securities, the Company, its Subsidiaries, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and
Section 20 of the Exchange Act) and each their respective officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees from and against all Losses arising out of or based on any untrue statement
of a material fact contained in any such Registration Statement, Prospectus, offering circular, any amendments or supplements thereto, “issuer free writing prospectus” (as such term is defined in Rule 433 under the Securities Act) or other
document, or any omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and to reimburse the Company, its Subsidiaries , each Person who controls the Company (within the
meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act) and each their respective officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees for any reasonable and
documented out-of-pocket legal or any other expenses 

  
 12 

 
actually incurred in connection with investigating or defending any such Loss or action, subject to the immediately following proviso, settling any such Loss or action, in each case to the
extent, but only to the extent, that such untrue statement or omission is made in such Registration Statement, Prospectus, offering circular, any amendments or supplements thereto, “issuer free writing prospectus” (as such term is defined
in Rule 433 under the Securities Act) or other document in reliance upon and in conformity with written information regarding such holder of Registrable Securities furnished to the Company by such holder of Registrable Securities or its authorized
representatives expressly for inclusion therein; provided, however, that the obligations of such holder under such undertaking shall not apply to amounts paid in settlement of any such Losses (or actions in respect thereof) if such
settlement is effected without the consent of such holder (which consent shall not be unreasonably withheld); and provided, further, that the liability of such holder of Registrable Securities shall be limited to the net proceeds
received by such selling holder from the sale of Registrable Securities covered by such Registration Statement. 
 (c) Conduct of
Indemnification Proceedings. If any Person shall be entitled to indemnity hereunder or under the undertaking contemplated by Section 8(b) (each, an “Indemnified Party”), such Indemnified Party shall give prompt notice
to the party from which such indemnity is sought (each, an “Indemnifying Party”) of any claim or of the commencement of any Proceeding with respect to which such Indemnified Party seeks indemnification or contribution pursuant
hereto; provided, however, that the delay or failure to so notify the Indemnifying Party shall not relieve the Indemnifying Party from any obligation or liability except to the extent that the Indemnifying Party has been materially
prejudiced by such delay or failure. The Indemnifying Party shall have the right, exercisable by giving written notice to an Indemnified Party promptly after the receipt of written notice from such Indemnified Party of such claim or Proceeding, to,
unless in the Indemnified Party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, assume, at the Indemnifying Party’s expense, the defense of any such claim
or Proceeding, with counsel reasonably satisfactory to such Indemnified Party; provided, however, that an Indemnified Party shall have the right to employ separate counsel in any such claim or Proceeding and to participate in the
defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless: (i) the Indemnifying Party agrees to pay such fees and expenses; or (ii) the Indemnifying Party fails promptly to assume,
or in the event of a conflict of interest cannot assume, the defense of such claim or Proceeding or fails to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding, in which case the Indemnified Party shall have the
right to employ separate counsel and to assume the defense of such claim or proceeding at the Indemnifying Party’s expense; provided, further, however, that the Indemnifying Party shall not, in connection with any one such
claim or Proceeding or separate but substantially similar or related claims or Proceedings in the same jurisdiction, arising out of the same general allegations or circumstances, be liable for the fees and expenses of more than one firm of attorneys
(together with appropriate local counsel) at any time for all of the Indemnified Parties. Whether or not such defense is assumed by the Indemnifying Party, such Indemnifying Party will not be subject to any liability for any settlement made without
its consent (but such consent will not be unreasonably withheld). The Indemnifying Party shall not consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or
plaintiff to such Indemnified Party of a release, in form and substance reasonably satisfactory to the Indemnified Party, from all liability in respect of such claim or litigation for which such Indemnified Party would be entitled to indemnification
hereunder. All fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating or preparing to defend such proceeding in a manner not inconsistent with this Section 8)
shall be paid to the Indemnified Party, as incurred, promptly upon receipt of written notice thereof to the Indemnifying Party (regardless of whether it is ultimately determined that an Indemnified Party is not entitled to indemnification hereunder,
provided, that the Indemnifying Party may require such Indemnified Party to undertake to reimburse all such fees and expenses to the extent it is finally judicially determined that such Indemnified Party is not entitled to indemnification
under this Section 8). 
 (d) Contribution. If the indemnification provided for in this Section 8 is unavailable to
an Indemnified Party in respect of any Losses (other than in accordance with its terms), then each applicable Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or

  
 13 

 
payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and such Indemnified
Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party, on the one hand, and Indemnified
Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been
made (or omitted) by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or
omission. 
 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 8(d) were
determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 8(d), an
Indemnifying Party that is a selling holder of Registrable Securities shall not be required to contribute any amount in excess of the amount that such Indemnifying Party has otherwise been, or would otherwise be, required to pay pursuant to
Section 8(b) by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any Person who was not guilty of such fraudulent misrepresentation. 
 (e) Notwithstanding the foregoing, to the extent
that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting
agreement shall control. 
 Section 9. Rule 144. The Company shall use reasonable best efforts to: (i) file the reports
required to be filed by it under the Securities Act and the Exchange Act in a timely manner, to the extent required from time to time to enable all holders to sell Registrable Securities without registration under the Securities Act within the
limitations of the exemption provided by Rule 144; and (ii) so long as any Registrable Securities are outstanding, furnish holders thereof upon request (A) a written statement by the Company as to its compliance with the reporting
requirements of Rule 144 under the Securities Act, and of the Exchange Act and (B) a copy of the most recent annual or quarterly report of the Company (except to the extent the same is available on EDGAR). 

Section 10. Underwritten Registrations. In connection with any underwritten offering, the investment banker or investment bankers
and managers shall be selected by the Shareholders holding the majority of Registrable Securities included in any Demand Registration, including any Shelf Offering, initiated by such Shareholders, after prior consultation with the Company in good
faith. 
 Section 11. Miscellaneous. 

(a) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given without the written consent of each of the Shareholders. Notwithstanding the foregoing, a waiver or consent to depart from the provisions
hereof with respect to a matter that relates exclusively to the rights of holders of Registrable Securities whose securities are being sold pursuant to a Registration Statement and that does not directly or indirectly affect the rights of other
holders of Registrable Securities may be given by holders of at least a majority of the Registrable Securities being sold by such holders pursuant to such Registration Statement. 

  
 14 

 (b) Notices. All notices required to be given hereunder shall be in writing and
shall be deemed to be duly given if personally delivered, telecopied and confirmed, or mailed by certified mail, return receipt requested, or overnight delivery service with proof of receipt maintained, at the following address (or any other address
that any such party may designate by written notice to the other parties): 
 If to the Company, to the address of its principal executive
offices. If to any Shareholder, at such Shareholder’s address as set forth on the records of the Company. Any such notice shall, if delivered personally, be deemed received upon delivery; shall, if delivered by telecopy, be deemed received on
the first business day following confirmation; shall, if delivered by overnight delivery service, be deemed received the first business day after being sent; and shall, if delivered by mail, be deemed received upon the earlier of actual receipt
thereof or five business days after the date of deposit in the United States mail. 
 (c) Successors and Assigns; Shareholder
Status. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties, including subsequent holders of Registrable Securities acquired, directly or indirectly, from the
Shareholders; provided, however, that (x) the Company may not assign this Agreement (in whole or in part) without the prior written consent of the holders of a majority of the Registrable Securities and (y) such successor or
assign shall not be entitled to such rights unless the successor or assign shall have executed and delivered to the Company an Addendum Agreement substantially in the form of Exhibit A hereto (which shall also be executed by the Company)
promptly following the acquisition of such Registrable Securities, in which event such successor or assign shall be deemed a Shareholder for purposes of this Agreement; provided, further, that a Shareholder may assign its rights and
obligations under this Agreement upon written notice to the Company (i) if such assignment is in connection with: (1) a transfer or sale of all or substantially all of the Registrable Securities held by such Shareholder or (2) a
transfer or sale of at least one million shares of Common Stock or Registrable Securities that represent at least one million shares of Common Stock on an “as converted basis” (as adjusted after the date hereof for stock splits, stock
dividends, recapitalizations and similar transactions) or (ii) to any of its partners, members, equityholders, or Affiliates or one or more private equity funds sponsored or managed by an Affiliate. For the avoidance of doubt, if any
Shareholder assigns some or all of its rights hereunder to deliver a Demand Notice or a Take-Down Notice to any permitted assignee, such Shareholder shall, if such rights to deliver Demand Notices or Take-Down Notices are subject to limitations
pursuant to this Agreement, including Section 3(e) and the provisos to Section 4(c), no longer be entitled to exercise such rights, but only to the extent assigned, and the exercise of such Demand Notice or Take-Down Notice by such
assignee shall be subject to the provisions of this Agreement, including Section 3(e) and the provisos to Section 4(c). Except as provided in Section 8 with respect to an Indemnified Party, nothing expressed or mentioned in this
Agreement is intended or shall be construed to give any Person other than the parties hereto and their respective successors and permitted assigns any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any
provision herein contained. 
 (d) Counterparts. This Agreement may be executed in two or more counterparts and delivered by
facsimile, pdf or other electronic transmission with the same effect as if all signatory parties had signed and delivered the same original document, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. 
 (e) Headings; Construction. The section and paragraph headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Unless the context requires otherwise: (i) pronouns in the masculine, feminine and neuter genders shall be construed to include any other
gender, and words in the singular form shall be construed to include the plural and vice versa; (ii) the term “including” shall be construed to be expansive rather than limiting in nature and to mean “including, without
limitation,”; (iii) references to sections and paragraphs refer to sections and paragraphs of this Agreement; and (iv) the words “this Agreement,” “herein,” “hereof,” “hereby,”
“hereunder” and words of similar import refer to this Agreement as a whole, including Exhibit A hereto, and not to any particular subdivision unless expressly so limited. 

(f) Governing Law. This Agreement shall be governed by and construed in accordance with, the laws of the State of New York. 

(g) Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto
shall use their reasonable best efforts to find and employ 

  
 15 

 
an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the
intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable. 

(h) Entire Agreement. This Agreement, the Investment Agreement and the Certificates of Designations are intended by the parties
as a final expression of their agreement, and are intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to herein and therein, with respect to the registration rights granted by the Company with respect to Registrable Securities. This Agreement, together with the Investment
Agreement and the Certificate of Designations, supersedes all prior agreements and understandings between the parties with respect to such subject matter. 

(i) Securities Held by the Company or its Subsidiaries. Whenever the consent or approval of holders of a specified percentage of
Registrable Securities is required hereunder, Registrable Securities held by the Company or its subsidiaries shall not be counted in determining whether such consent or approval was given by the holders of such required percentage. 

(j) Specific Performance; Further Assurances. The parties hereto recognize and agree that money damages may be insufficient to
compensate the holders of any Registrable Securities for breaches by the Company of the terms hereof and, consequently, that the equitable remedy of specific performance of the terms hereof will be available in the event of any such breach. The
parties hereto agree that in the event the registrations and sales of Registrable Securities are effected pursuant to the laws of any jurisdiction outside of the United States, such parties shall use their respective reasonable best efforts to give
effect as closely as possible to the rights and obligations set forth in this Agreement, taking into account customary practices of such foreign jurisdiction, including executing such documents and taking such further actions as may be reasonably
necessary in order to carry out the foregoing. 
 (k) Term. This Agreement shall terminate with respect to a Shareholder on the
date on which such Shareholder ceases to hold Registrable Securities; provided, that, such Shareholder’s rights and obligations pursuant to Section 8, as well as the Company’s obligations to pay expenses pursuant to
Section 7, shall survive with respect to any registration statement in which any Registrable Securities of such Shareholders were included. From and after the date of this Agreement, the Company shall not enter into any agreement with any
Person giving, including any holder or prospective holder of any securities of the Company, any registration rights (i) the terms of which are more favorable than, senior to or conflict with, the registration rights granted to the Shareholders
hereunder or (ii) permitting such Person to exercise a demand registration right during the period expiring on the third anniversary of the date hereof. 

(l) Consent to Jurisdiction; Waiver of Jury Trial. The parties hereto hereby irrevocably submit to the non-exclusive jurisdiction
of the courts of the State of New York located in New York County and the federal courts of the United States of America located in New York County, and appropriate appellate courts therefrom, over any dispute arising out of or relating to this
Agreement or any of the transactions contemplated hereby, and each party hereby irrevocably agrees that all claims in respect of such dispute or proceeding may be heard and determined in such courts. The parties hereby irrevocably waive, to the
fullest extent permitted by applicable law, any objection which they may now or hereafter have to the laying of venue of any dispute arising out of or relating to this Agreement or any of the transactions contemplated hereby brought in such court or
any defense of inconvenient forum for the maintenance of such dispute. Each of the parties hereto agrees that a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. This
consent to jurisdiction is being given solely for purposes of this Agreement and is not intended to, and shall not, confer consent to jurisdiction with respect to any other dispute in which a party to this Agreement may become involved. 

  
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 Each of the parties hereto hereby consents to process being served by any party to this Agreement
in any suit, action, or proceeding of the nature specified in the paragraph above by the mailing of a copy thereof in the manner specified by the provisions of Section 11(b). 

EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS AGREEMENT. 

  
 17 

 IN WITNESS WHEREOF, the parties hereto have caused this Registration Rights Agreement to be duly
executed as of the date first above written. 
  

					
	CROCS, INC.
		
	By:	 	 /s/ Jeffrey Lasher

		 	Name:	 	Jeffrey Lasher
		 	Title:	 	Chief Financial Officer

 [Registration Rights Agreement Signature Page] 

					
	BLACKSTONE CAPITAL PARTNERS VI L.P.
	
	By: Blackstone Management Associates VI L.L.C., its general partner
	
	By: BMA VI L.L.C., its sole member
		
	By:	 	 /s/ Prakash Melwani

		 	Name:	 	Prakash Melwani
		 	Title:	 	Sr. Managing Director
	
	BLACKSTONE FAMILY INVESTMENT PARTNERSHIP VI-ESC L.P.
	
	By: BCP VI Side-By-Side GP L.L.C., as general partner
		
	By:	 	 /s/ Prakash Melwani

		 	Name:	 	Prakash Melwani
		 	Title:	 	Sr. Managing Director
	
	GREGG RIBATT
	
	 /s/ Gregg Ribatt

  
 [Registration Rights
Agreement Signature Page] 

 SCHEDULE 1 

LIST OF PURCHASERS 
 Blackstone Capital Partners
VI L.P., a Delaware limited partnership. 
 Blackstone Family Investment Partnership VI-ESC L.P., a Delaware limited partnership. 

Mr. Gregg Ribatt 

  
 Schedule 1 

 EXHIBIT A 

ADDENDUM AGREEMENT 
 This
Addendum Agreement is made this      day of             , 20    , by and between
                                         (the
“New Shareholder”) and [—] (the “Company”), pursuant to a Registration Rights Agreement dated as of
[—], 2014 (the “Agreement”), by and among the Company and the Purchasers. Capitalized terms used herein but not otherwise defined herein shall have the
meanings ascribed to them in the Agreement. 

W I T N E S S E T H: 

WHEREAS, the Company has agreed to provide registration rights with respect to the Registrable Securities as set forth in the Agreement; and

 WHEREAS, the New Shareholder has acquired Registrable Securities directly or indirectly from a Shareholder; and 

WHEREAS, the Company and the Shareholders have required in the Agreement that all persons desiring registration rights pursuant to the
Agreement must enter into an Addendum Agreement binding the New Shareholder to the Agreement to the same extent as if it were an original party thereto; 

NOW, THEREFORE, in consideration of the mutual promises of the parties, the New Shareholder acknowledges that it has received and read the
Agreement and that the New Shareholder shall be bound by, and shall have the benefit of, all of the terms and conditions set out in the Agreement to the same extent as if it were an original party to the Agreement (or as otherwise provided therein)
and shall be deemed to be a Shareholder thereunder. 
  

	
	  
 New Shareholder

  

	
	Address:
	
	  

	
	  

  
 Exhibit A-1 

 Agreed to on behalf of [the Company] pursuant to Section 11(c) of the Agreement. 

 

			
	[THE COMPANY]
		
	By:	 	  

	
	  

	Printed Name and Title

  
 Exhibit A-2EX-10.1

 Exhibit 10.1 

NONQUALIFIED 

DEFERRED COMPENSATION PLAN 

ADOPTION AGREEMENT 
 This adoption
agreement and the accompanying plan document have not been approved by the Department of Labor, Internal Revenue Service, Securities Exchange Commission, or any other governmental entity. Employers may not rely on this document or the accompanying
plan document to ensure any particular tax consequences with respect to the Employer’s particular situation, nor do these documents constitute legal or tax advice. Pen-Cal and its employees cannot provide legal or tax advice in connection with
these documents. Employers must determine the extent to which the Plan is subject to Federal or state securities laws. You should have your attorney review this document and the accompanying plan document before adopting the documents. This adoption
agreement and accompanying plan document cannot be used in order to avoid penalties that may be imposed on the taxpayer. 

 Rev. 11/19/10 

NONQUALIFIED SUPPLEMENTAL 

DEFERRED COMPENSATION PLAN 

ADOPTION AGREEMENT 
 ADOPTION OF PLAN
— [Select one]  
  

	x	Adoption – The undersigned Quanta Services, Inc. (the “Employer”) hereby adopts as a Nonqualified Deferred Compensation Plan for the individuals identified in Item 5
herein the form of Plan known as the Nonqualified Supplemental Deferred Compensation Plan. 

  

	 ̈	Amendment of Previous Nonqualified Deferred Compensation Plan – With “Grandfathered” Amounts –              (the
“Employer”) previously has adopted a Nonqualified Deferred Compensation Plan, known as the              [enter name of previous plan], and the execution of this
Adoption Agreement constitutes an amendment to that Plan, effective only for Deferrals, Contributions, earnings, gains, losses, depreciation and appreciation vested and credited thereto or debited therefrom on and after the Effective Date listed in
Section 2 below, or, if otherwise determined by the Employer, on and after January 1, 2005 with respect to Plan provisions required under Section 409A of the Internal Revenue Code and the regulations thereunder. All other amounts in
the plan shall be subject to the provisions of the previous plan document. This option is appropriate if the previous plan contains grandfathered amounts not subject to Section 409A of the Internal Revenue Code. Grandfathered amounts were
contributed to the plan prior to January 1, 2005 under the terms of the plan in effect prior to October 4, 2004, and those plan terms have not since been materially modified. Grandfathered amounts and earnings will be administered under
the terms of the prior plan document. 

  

	 ̈	Restatement of Previous Nonqualified Deferred Compensation Plan –              (the “Employer”) previously has adopted a
Nonqualified Deferred Compensation Plan, known as the              [enter name of previous plan], and the execution of this Adoption Agreement constitutes a restatement of
that Plan, effective as of the Effective Date listed in Section 2 below for all funds under the Plan. This option is appropriate if the previous plan does not contain “grandfathered” amounts (see description above), or if Employer
wishes to apply Section 409A rules to all amounts in the plan (even pre-2005 amounts), or if previous plan has been materially modified and thus become subject to Section 409A. 

NAME OF PLAN 
 The name of this Plan as adopted by the
Employer is the Quanta Services, Inc. Nonqualified Deferred Compensation Plan (the “Plan”). 
 INDIVIDUALIZED PLAN INFORMATION

 With respect to the variable features contained in the Plan, the Employer hereby makes the following selections granted under the provisions of the
Plan: 
  

	1.	Adopting Entity. The Employer adopts the Plan as: 

 List type of business entity
(corporation, partnership, controlled group of corporations, etc.) Corporation 

  
 -1- 

 Rev. 11/19/10 
  

 List each Employer adopting the Plan and Employer Identification Number (EIN):

  

									
	Name of Employer:	  	Quanta Services, Inc.	  		  	EIN:	  	74-2851603
	Name of Employer:	  	See Attached List	  		  	EIN:	  	
	Name of Employer:	  		  		  	EIN:	  	
	Name of Employer:	  		  		  	EIN:	  	
	Name of Employer:	  		  		  	EIN:	  	
	(attach additional lists as necessary)

 The adopting Employers and the Employer are referred to herein collectively as the “Employer.” 

Select state of controlling law (see Section 10.7 of Plan Document): 

 

	 	 ̈	State of incorporation;              

  

	 	x	State of domicile        Texas 

  

	2.	Effective Date. The “Effective Date” of the adoption of this Plan, this Plan amendment or this Plan restatement is January 1, 2014. 

 

	3.	Plan Year. The “Plan year” of the Plan shall be [select one]: 

  

	 	x	the calendar year. 

  

	 	 ̈	the fiscal year or other 12-month period ending on the last day of              [specify month]. 

 

	 	 ̈	a short Plan year beginning on             ,              and ending on
            ,             ; and thereafter the Plan year shall be as indicated in (a) or (b) above. 

 

	4.	Plan Administrator. The “Administrator” of the Plan is the Company 

[fill in the name(s) of the individual(s) or job title(s) or entity (such as a committee) that is (are) responsible for administration of
the Plan], and such other person(s) or entity as the Employer shall appoint from time to time. 
  

	5.	Eligible Individuals. The following shall be eligible to participate in the Plan: [select all that apply – do not list individual names]:  

 

	 	x	A select group of management or highly-compensated Employees as designated by the Employer in separate resolutions or agreements; 

  

	 	 ̈	Employee Board Members; 

  
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 Rev. 11/19/10 
  

	 	x	Non-Employee Board Members; 

  

	 	x	Other Service Providers (i.e., independent contractors, consultants, etc.) 

  

	 	 ̈	Employees or other Service Providers above the following Compensation threshold: [enter dollar amount] $         ; 

 

	 	 ̈	Employees with the following job titles: [enter job title(s); for example, “Vice President and above”]              

 

	 	 ̈	Other: [enter description]              

  

	6.	Eligibility Timing. Eligibility timing selected below shall apply uniformly to all Participant Deferrals (including Performance-Based Bonus Deferrals), as well as Employer Matching Contributions and Other
Employer Contributions, unless otherwise indicated. If the Employer wishes to provide for separate eligibility rules for different types of Compensation (for example, Salary vs. Bonus), or for types of Contributions (for example, Employer Matching
Contributions vs. Participant Deferrals), mark “Other” below and attach exhibits as necessary [select one]: 

  

	 	x	Eligible immediately upon properly completed designation by the Plan administrator or Employer; 

  

	 	 ̈	Eligible after the following period of employment, Board service, etc. [enter number of days, months or years, for example, 90 days]
            ; 

  

	 	 ̈	Other [enter description]:              

  

	7.	Types and Amounts of Participant Deferrals [select all that apply and enter minimum and maximum percentages in increments of one percent (for example, Salary minimum 0% maximum 100%). Note that no
Deferral election can reduce a Participant’s Compensation below the amount necessary to satisfy required withholding for FICA/Medicare/income taxes, required Participant Contributions into another Employer-sponsored benefit plan such as medical
insurance, 401(k) loan repayments, etc.]:  

  

	 	x	Salary [select one]: 

 x percentage [minimum 0% and maximum 75%] 

or 
  ̈ fixed dollar amount [enter minimum $        ]. 
  

	 	x	Non-Performance-Based Bonus [select one]: 

 x percentage [minimum 0% and maximum 100%] 

or 
  ̈ fixed dollar amount [enter minimum $         ]. 

  
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 Rev. 11/19/10 
  

	 	x	Performance-Based Bonus [select one and enter performance period (for example, 12-month period ending each March 31]: performance period from January 1 to
December 31. 

 x
percentage [minimum 0% and maximum 100%] 
 or 

 ̈ fixed dollar amount [enter minimum $
        ].  
  

	 	 ̈	Commissions [select one]:  

 ̈ percentage [minimum     % and, maximum     %]
 
 or 

 ̈ fixed dollar amount [enter minimum $
        ]. 
  

	 	x	Board of Directors Fees/Retainer (note – should not include expense reimbursements): 

x percentage [minimum 0%
and, maximum 100%] 
 or 

 ̈ fixed dollar amount [enter minimum $
        ].  
  

	 	 ̈	Other Service Provider Fees or other earned income from the Employer: 

  ̈ percentage [enter minimum     % and, maximum     %]  

or 
  ̈ fixed dollar amount [enter minimum $         ].  
  

	 	x	401(k) Refund (amount deferred from Participant’s regular Compensation equal in value to any refund paid to Participant in that year resulting from excess deferrals in Employer’s 401(k) plan – see
Subsection 2.9 of Plan document for definition.) 

  

	 	x	Social Security Trigger (amount deferred pursuant to an election by the Participant to defer a separate percentage of Compensation only from that portion of Compensation that exceeds the Social Security Taxable Wage
Base for the upcoming year). 

  

	 	x	Deferral of restricted stock units. 

  

	 	 ̈	Other [enter description]:             

NOTE: Special Rules for Multi-Year RSU Grants Structured To Provide For Annual Vesting of a Specified Portion of the Total Grant: 

x Check this box if the Employer wishes to allow for deferral of restricted
stock units that are structured so that a specified portion of the RSU grant vests annually (for example, an RSU grant over a four-year period vesting 25% annually). Under this type of grant, the election to defer may be made separately with respect
to each portion of the grant that vests in a given year. However, each election for each portion of the grant must be made either: (i) within 30 days of the date of grant or each anniversary thereof, and only if the RSU is structured so

  
 -4- 

 Rev. 11/19/10 
  

 
that vesting is contingent on the employee performing services for at least an additional 12 months subsequent to the election; or (ii) 12 months before the payment date of the RSU (vesting
date is treated as the payment date for these purposes), but the election will not take effect for 12 months, and the subsequent payout date must be at least five years later than the previous payment date). 

 

	8.	Definition of Compensation for Purposes of Making Plan Contributions [select one]:  

  

	 	 ̈	Same definition of Compensation as in Employer’s 401(k) or other applicable qualified retirement plan. 

  

	 	x	Participant’s total wages, salary, commissions, overtime, bonus, etc. for a given year which the Employer is required to report on Form W-2 or other appropriate form, (or, in the case of Board members, Board fees
and retainer only, but not including expense reimbursements)(or, in the case of Other Service Providers, the Participant’s total remuneration from the Employer for a given year pursuant to the agreement to provide services to the Employer),
earned while the Participant is an Eligible Individual as determined by the Employer. 

  

	 	 ̈	Other [enter description]:             

  

	9.	Expiration of Participant’s Deferral Elections [select all that apply]:  

  

	 	x	Renewed Each Year: Participant’s Deferral Elections must be renewed each year during the open enrollment period ending no later than December 31 prior to the effective Plan year (or, in the case of
Performance-Based Bonuses, no less than 6 months prior to the end of the applicable performance period). 

  

	 	x	For all types of Compensation Deferrals. 

  

	 	 ̈	For Salary Deferrals only – other types of Deferrals are “evergreen”. 

  

	 	 ̈	For Performance-Based Bonus only – other types of Deferrals are “evergreen”. 

  

	 	 ̈	Other: [specify]             

  

	 	 ̈	Evergreen: Participant’s Deferral Elections will be “evergreen” (i.e., will continue indefinitely until the Participant’s Termination Date unless changed by the Participant – so each year
the Participant will be deemed to have the same election in place as the prior year unless actively changed by the Participant during the open enrollment period ending no later than December 31 prior to the effective Plan year or, in the case
of Performance-Based Bonuses, no less than 6 months prior to the end of the applicable performance period). 

  

	 	 ̈	For all types of Compensation Deferrals. 

  

	 	 ̈	For Salary Deferrals only – other types of Deferrals are renewed each year. 

  
 -5- 

 Rev. 11/19/10 
  

	 	 ̈	For Performance-Based Bonus only – other types of Deferrals are renewed each year. 

  

	 	 ̈	Other: [specify]              

  

	10.	Employer Contributions [select all that apply]:.  

  

	 	 ̈	(a) No Employer Contributions. 

  

	 	x	(b) Matching Contributions [enter description of matching formula below and also complete Items 11 and 12] 

With respect to each Plan Year, and solely with respect to a Participant who defers an amount under the Quanta Services, Inc. 401(k) Savings
Plan (the “401(k) Plan”) with respect to such Plan Year that is no less than the limit set forth under I.R.C. Section 402(g) limit, such Participant will be credited with an Employer Matching Contribution under the Plan equal to the
difference between (A) 100% of the first 3% of the Participant’s Compensation that is deferred under the Plan, plus 50% of the next 3% of the Participant’s Compensation that is deferred under Plan, and (B) the maximum matching
contribution that could be contributed on behalf of the Participant under the 401(k) Plan with respect to such Plan Year. For purposes of determining the Employer Matching Contribution under the Plan, “Compensation” shall have the same
meaning as set forth under the 401(k) Plan, but without regard to the limit set forth under I.R.C. Section 401(a)(17). 
  

	 	x	(c) Employer Contributions other than Matching Contributions [enter description of Employer Contribution formula below and complete Item 13]  

For any Plan Year, the Employer may elect to make a Discretionary Employer Contribution for any Participant 

 

	11.	Employees Eligible to Receive Employer Matching Contributions. Matching Contributions made for each Plan Year (if applicable) shall be allocated and credited to the Accounts of the following Participants:
[Select one if applicable]  

  

	 	x	Participants who were employed by the Employer (or, in the case of non-Employee Board Members, served on the Board) during that Plan Year, or, in the case of Other Service Providers, who provided services to the
Employer during that Plan Year. 

  

	 	 ̈	Participants who were employed by the Employer (or, in the case of non-Employee Board Members, served on the Board) on the last day of the Plan Year, or, in the case of Other Service Providers, who provided services to
the Employer on the last day of the Plan Year. 

  

	 	 ̈	Participants who were employed by the Employer (or, in the case of non-Employee Board Members, served on the Board) on the last day of the Plan Year or who retired, died or were Disabled during the Plan Year, or, in the
case of Other Service Providers, who provided services to the Employer on the last day of the Plan Year or who died or were Disabled during the Plan Year. [If this option is selected, complete Item 29 – definition of
“Disability”.]  

  
 -6- 

 Rev. 11/19/10 
  

	12.	Vesting Schedule of Employer Matching Contributions. If Matching Contributions are made to the Plan, select the rate at which such Contributions will vest [select one]: 

  

	 	 ̈	Immediate 100% vesting for all Participants. 

  

	 	 ̈	“Cliff” vesting (0% up to cliff; 100% after cliff) [select one]:  

  

	 	 ̈	1 year cliff (less than 1 year 0%; 1 or more years 100%) 

  

	 	 ̈	2 year cliff (less than 2 years 0%; 2 or more years 100%) 

  

	 	 ̈	Other cliff (enter number of years: less than      years 0%;      or more years 100%) 

 

	 	 ̈	“Graded” vesting [enter vesting percentages]:  

  

											
	1 year	  	    %	  	6 years	  	    %	  	11 years	  	    %
	2 years	  	    %	  	7 years	  	    %	  	12 years	  	    %
	3 years	  	    %	  	8 years	  	    %	  	13 years	  	    %
	4 years	  	    %	  	9 years	  	    %	  	14 years	  	    %
	5 years	  	    %	  	10 years	  	    %	  	15 years	  	    %

  

	 	x	Other vesting schedule: [describe schedule – subject to approval] To be determined at the time of contribution 

 

	13.	Vesting Schedule of Employer Contributions (Other Than Matching Contributions). If Employer Contributions (other than Matching Contributions) are made to the Plan, select the rate at which such Contributions will
vest [select one]:  

  

	 	 ̈	Immediate 100% vesting for all Participants. 

  

	 	 ̈	“Cliff” vesting (0% up to cliff; 100% after cliff) [select one]:  

  

	 	 ̈	1 year cliff (less than 1 year 0%; 1 or more years 100%) 

  

	 	 ̈	2 year cliff (less than 2 years 0%; 2 or more years 100%) 

  

	 	 ̈	Other cliff (enter number of years: less than      years 0%;      or more years 100%)  

 

	 	 ̈	“Graded” vesting [enter vesting percentages]:  

  

											
	1 year	  	    %	  	6 years	  	    %	  	11 years	  	    %
	2 years	  	    %	  	7 years	  	    %	  	12 years	  	    %
	3 years	  	    %	  	8 years	  	    %	  	13 years	  	    %
	4 years	  	    %	  	9 years	  	    %	  	14 years	  	    %
	5 years	  	    %	  	10 years	  	    %	  	15 years	  	    %

  

	 	x	Other vesting schedule: [describe schedule – subject to approval] To be determined at the time of the contribution 

  
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 Rev. 11/19/10 
  

	14.	Vesting Years. A “Vesting Year” described above for purposes of determining vesting under the Plan shall be computed in accordance with: [select one – if this is an amendment or
restatement of a prior plan, definition from prior plan will override this definition.]  

  

	 	 ̈	Years of service (12-consecutive-month periods) with the Employer since date of hire (or date of commencement of Board service). 

  

	 	 ̈	Years of participation in the Plan (12-consecutive-month period between date Participant enters Plan and anniversary of such date) (if this is an amendment or restatement of a prior Plan, years of participation in prior
plan will be included) (additional fees will apply if this item is selected). 

  

	 	 ̈	Plan Years since each Plan Year’s total Contributions were made (“rolling vesting”) (additional fees will apply if this item is selected). [If this option is selected, select either
(a) or (b) below:] 

  

					
	 ̈	  	(a)	  	Vesting will be credited/updated on the last day of the Plan year.
			
	 ̈	  	(b)	  	Vesting will be credited/updated on the anniversary of the date the Contribution is credited.

  

	 	x	Other: To be determined at the time of the contribution 

  

	15.	Full Vesting Upon Occurrence of Specific Event. [select all that apply] 

  

	 	x	100% vesting upon Normal Retirement [describe criteria such as age (can be partial year), years of service with the Employer (must be whole years of service), or years of participation in the Plan (must be whole
years of participation)] 

 Age plus Years of Service equals to 70 

 

	 	 ̈	100% vesting upon Early Retirement [describe criteria such as age (must be whole years), years of service with the Employer (must be whole years of service), or years of participation in the Plan (must be whole
years of participation)] 

  

             

 

	 	x	100% vesting upon Death. 

  

	 	 ̈	100% vesting upon Disability [complete Item 29 – definition of “Disability”]. 

  

	 	x	100% vesting upon Change in Control of the Employer [complete Items 27 and 28 – definition of “Change in Control”] 

 

	 	 ̈	100% vesting upon occurrence of other event: [describe event]              

  
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 Rev. 11/19/10 
  

	16.	Service Before Plan’s Establishment Excluded. Years of service earned prior to establishment of the Plan shall be disregarded for purposes of determining vesting under the Plan: 

 

	 	 ̈	Yes (this may be elected only if this is the establishment of a new Plan). 

  

	 	x	No. 

  

	17.	Forfeitures for Misconduct or Violation of Non-Compete. Participants terminating employment prior to becoming 100% vested will forfeit the forfeitable percentage of their Accounts as indicated in accordance with
the vesting schedule selected in Items 12 and/or 13. Participants will also forfeit 100% of their Matching and Employer Contribution Accounts (if applicable) under the following circumstances: [select any that apply]: 

  

	 	x	Misconduct (termination for Cause). [enter definition of Misconduct or Cause below] 

Termination “for cause” shall mean the occurrence of any of the following, as determined by the committee in its sole discretion:

 a. Participant’s gross negligence in the performance of, intentional nonperformance of, or inattention to his
material duties and responsibilities, any of which continues for five (5) business days after receipt of written notice of need to cure the same; 

b. Participant’s willful dishonesty, fraud or material misconduct or any other egregious act with respect to the
business, affairs or reputation of Employer; 
 c. the violation by Participant of any of Employer’s policies or
procedures, which violation is not cured by Participant within five (5) business days after Participant has been given written notice thereof; 

d. a conviction of, a plea of nolo contendere, a guilty plea, or confession by Participant to, an act of fraud,
misappropriation or embezzlement or any crime punishable as a felony or any other crime that involves moral turpitude; 

e. Participant’s use of illegal substances or habitual drunkenness; 

f. the breach by Participant of any agreement with the Employer if Participant does not cure such breach within five
(5) business days after Participant has been given written notice thereof; or 
 g. termination of the
Participant’s services by the Employer for “cause” pursuant to the terms of any employment, consulting or service arrangement or agreement. 

  
 -9- 

 Rev. 11/19/10 
  

	 	x	Engaging in competition with the Employer. [enter definition of engaging in competition below] 

For purposes of this section, “Company Group” shall mean Quanta Services, Inc. and its predecessors, designees, successors, and
past, present and future operating companies, divisions, subsidiaries and/or affiliates. 
 (i) engage, as an officer, director,
shareholder, owner, partner, joint venturer or in a managerial capacity, whether as an employee, independent contractor, consultant, advisor or sales representative, in any business or industry in which the Company Group is engaged, within the
United States, Canada or any other country in which the Company Group conducts business, including any territory serviced by the Company Group, or in which the Company Group is actively pursuing business opportunities (the
“Territory”); 
 (ii) call upon any person or entity which is, at that time, or which has been, within
one (1) year prior to that time, a customer of the Company Group, or a prospective customer that has been actively solicited by the Company Group, within the Territory for the purpose of soliciting or selling products or services in competition
with the Company Group; or 
 (iii) call upon any prospective acquisition candidate, on Participant’s own
behalf or on behalf of any competitor, which candidate was, to Participant’s actual knowledge after due inquiry, either called upon by the Company Group or for which the Company Group made an acquisition analysis for the purpose of acquiring
such entity. 
  

	18.	Employer Stock as Deemed Investment Option. If Employer stock will be a deemed investment option, indicate below how shares are to be tracked: [select one] 

 

	 	 ̈	Partial and whole shares. 

  

	 	 ̈	Unitized fund. 

  

	19.	In-Service Distributions. If the Employer elects below, the Plan will allow distributions of Participant Deferral Contributions to be made to Participants while they are still employed (“In-Service
Distributions”), if they elect a fixed distribution date during the regular election period. [Select one] 

  

	 	 ̈	No, In-Service Distributions will not be permitted. 

  

	 	x	Yes, In-Service Distributions will be permitted. [select one]. 

 x For All Participant Deferral Contributions 
  ̈
For Participant Compensation Deferral Contributions (other than Performance-Based Bonus) only. 

 ̈ For Participant Performance-Based Bonus Deferral Contributions. 

 ̈ For Employer Contributions. [if selected, employer contributions must be 100% vested,
and additional fees may apply]. If Employer wishes to limit in-service withdrawals to specific types of Employer Contributions, enter details below: 
  

	
	 

  
 -10- 

 Rev. 11/19/10 
  

 [Note – if “Yes” is elected above and the Plan will allow In-Service
Distributions, please indicate if Participant will be permitted to make a “pushback” subsequent election to defer the original distribution date at least five years in accordance with Plan provisions (see subsection 9.1 of Plan document
– note that election must be made 12 months prior to original distribution date and election will not take effect for 12 months) x Yes  ̈ No]  
 Please indicate the number of years a Participant must
defer payment(s) until In-Service Distribution(s) may begin: 
 x 2 Years after the
Calendar Year for which the deferral is effective 
  ̈      Years after
the Calendar Year for which the deferral is effective 
 Please indicate if separate In-Service Distribution Dates are allowed for each
Type of Participant Deferral selected in Item 7: 
  ̈ No (single distribution
date allowed per Plan Year) 
 x Yes (requires additional tracked sources per Plan Year) 

 

	20.	In-Service Distributions – Form and Timing of Payment. In-Service Distributions shall be made to Participants in the following form: [Select one]  

 

	 	 ̈	Lump Sums Only 

  

	 	x	Either 100% in Lump Sums or 100% in Installments. 

 [Note – if Installments are
elected above, please indicate if Participant will be permitted to make a subsequent election to change the installments in accordance with Plan provisions (see subsection 9.2 of Plan document)
x Yes  ̈ No] 
  

	21.	Unforeseeable Emergency Distributions Dates. If the Employer elects below, the Plan will allow distributions to be made to Participants while they are still employed if they meet the criteria for an unforeseeable
emergency financial hardship (“Unforeseeable Emergency Distributions”). Both Participant Deferral Contributions and Vested Employer Contributions can be distributed in the event of an eligible Unforeseeable Emergency Distribution event.
[Select one] 

  
 -11- 

 Rev. 11/19/10 
  

	 	 ̈	No, Unforeseeable Emergency Distributions will not be permitted. 

  

	 	x	Yes, Unforeseeable Emergency Distributions will be permitted. [select one below]. 

 ̈ For active Participants only. 

x For active Participants, terminated Participants and Beneficiaries. 

 

	22.	Form of Distributions (at Termination of Employment or Death). Distributions will be made to Participants upon Termination of Employment with the Employer or Death of the Participant as follows [select
one] 

  

	 	 ̈	Lump sum only. 

  

	 	 ̈	Lump sum unless installments elected, but can only receive installments if Participant meets the following criteria [select all that apply – if item not selected below, then Participants in that category will
receive lump sum only]:  

  ̈ Retirement [describe
criteria such as age (can be partial year), years of service with the Employer (must be whole years of service), or years of participation in the Plan (must be whole years of participation)]
             
  ̈ Early
Retirement [describe criteria such as age (must be whole years), years of service with the Employer (must be whole years of service), or years of participation in the Plan (must be whole years of participation)]
             
  ̈
Termination (other than for Misconduct, Cause or Violation of Non-Compete) 
  

	 	x	Lump sum unless installments elected, and Participant may receive installments regardless of reason for Termination of Employment. 

[Note – if Installments are elected above, please complete Item 26 and indicate if Participant will be permitted to make a
subsequent election to change the number of installments in accordance with Plan provisions (see subsection 9.2 of Plan document) x Yes  ̈ No] 
  

	23.	Distribution Upon Disability. If the Employer selects below, the Plan will allow distributions to be made to Participants upon Disability but while they are still employed if they meet the criteria for Disability
in Item 29 below. The form of distribution will be the same as for Termination of Employment, or as elected by the Participant. 

  

	 	 ̈	No, distribution upon Disability will not be permitted. 

  

	 	x	Yes, distributions upon Disability will be permitted. [complete Item 29 – definition of “Disability”]. 

  
 -12- 

 Rev. 11/19/10 
  

	24.	Expiration of Participant’s Distribution Elections [select one]:  

  

	 	x	Renewed Each Year: Participant’s Distribution Election must be selected each year during the open enrollment period for the following year’s contributions – if no new election is made, that
year’s contributions default to payment in the form of a lump sum. In-Service Distribution Elections must be made by participants each year. 

  

	 	 ̈	Evergreen: Participant’s Distribution Election will be “evergreen” (i.e., will continue indefinitely for each year’s contributions until the Participant’s Termination Date unless changed
by the Participant – so each year the Participant will be deemed to have the same distribution election in place as the prior year unless actively changed by the Participant at open enrollment, and the change will only be applicable to future
contributions). In-Service Distribution Elections may not be treated as evergreen. 

  

	25.	Distributions Upon Change in Control: If Employer elects below, distributions will be made to Participants upon Change in Control of the Employer (without a termination of employment of the Participant), as
follows [select one, and complete Items 27 and 28 below (definition of “Change in Control”)] 

  

	 	x	No, Distributions upon Change in Control will not be permitted. 

  

	 	 ̈	Yes, Distributions upon Change in Control will be permitted, in a lump sum only. 

  

	 	 ̈	Yes, Distributions upon Change in Control will be permitted, in a lump sum or in installments as elected by the Participant. 

  

	26.	Length of Installments (if Installment Distributions permitted in Item 20, 22 and/or Item 25 above) [indicate length below]:  

Annual installments over no fewer than 2 [minimum number of years – must be at least 2] and no more than 15
years at Participant’s election [maximum number of years]. 
  

	27.	“Change in Control” – Dates of Distribution. Distributions upon a Change in Control shall occur upon the date that [select all that apply – see Subsection 9.9 of the Plan document for
more details]: 

  

	 	x	A person or group acquires more than 50% of the total fair market value or voting power of the stock of the corporation (select definition of “corporation” in Item 28 below). 

 

	 	x	A person or group acquires ownership of stock of the corporation with at least 30% of the total voting power of the corporation (select definition of “corporation” in Item 28 below). 

 

	 	x	A person or group acquires assets from the corporation having a total fair market value of at least 40% of the value of all assets of the corporation immediately prior to such acquisition. (select definition of
“corporation” in Item 28 below). 

  
 -13- 

 Rev. 11/19/10 
  

	 	x	A majority of the corporation’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the board as constituted prior to the
appointment or election (select definition of “corporation” in Item 28 below). 

  

	 	 ̈	Any person or entity, or more than one person or entity acting as a group, other than a member of the Employer Group or an employee benefit plan of the employer group, acquires directly or indirectly Beneficial
Ownership (as defined in Section 13(d) of the Securities Exchange Act of 1934, as amended) of any voting security of Quanta and immediately after such acquisition such person, entity or group is, directly or indirectly, the beneficial owner of
voting securities representing fifty percent (50%) or more of the total fair market value or total voting power of all of the then-outstanding voting securities of Quanta; or 

Any person or entity, or more than one person or entity acting as a group, other than a member of the employer group or an employee benefit
plan of the employer group, acquires directly or indirectly, or has acquired during the preceding twelve (12) months, Beneficial Ownership (as defined in Section 13(d) of the Securities Exchange Act of 1934, as amended) of any voting
security of Quanta and immediately after such acquisition such person, entity or group is, directly or indirectly, the beneficial owner of voting securities representing thirty percent (30%) or more of the total voting power of all of the
then-outstanding voting securities of Quanta; or 
 Individuals who, as of the date hereof, constitute the Board of Directors of Quanta (the
“Board”), and any new director whose election by the Board or nomination for election by Quanta’s stockholders was approved by a vote of a majority of the directors then still in office who were directors as of the date hereof or
whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority of the members of the Board within a 12-month period; or 

Any person or entity, or more than one person or entity acting as a group, other than a member of the employer group or an employee benefit
plan of the employer group, acquires directly or indirectly, or has acquired during the preceding 12-months, forty percent (40%) or more of the total gross fair market value of assets of the employer group. 

  
 -14- 

 Rev. 11/19/10 
  

	28.	“Change in Control” – Which Corporation the Change Relates. Distributions upon a Change in Control shall be made only if the Change in Control relates to the corporation selected below:
[select all that apply]:  

  

							
		 	 ̈	 	(a)	  	The corporation for whom the Participant is performing services at the time of the Change In Control event.
				
		 	x	 	(b)	  	The corporation liable for payments from the Plan to the Participant.
				
		 	 ̈	 	(c)	  	A corporation that is a majority shareholder of a corporation described in (a) or (b) above.
				
		 	 ̈	 	(d)	  	Any corporation in the chain of corporations in which each corporation is a majority shareholder of another corporation in the chain, ending in a corporation described in (a) or (b) above.

  

	29.	Definition of “Disability.” A Participant shall be considered “Disabled” if [select one]: 

  

					
		 	x	  	as determined by the Employer, that (i) Employee is unable to engage in any substantial gainful activity by reason of a physical or mental impairment that is expected to result in death or last twelve (12) months or more,
or Employee receives replacement income for three (3) months or more due to such physical or mental impairment or (ii) such other definition that complies with the definition of disability under Section 409A of the Internal Revenue
Code of 1986, as amended and the regulations promulgated thereunder;
			
		 	 ̈	  	by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of at least 12 months, the Participant is receiving income replacement
benefits for at least 3 months under accident and health plans of the Employer;
			
		 	 ̈	  	the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period
of not less than 12 months;
			
		 	 ̈	  	the Participant is deemed to be totally disabled by the Social Security Administration;
			
		 	 ̈	  	the Participant is determined to be disabled in accordance with a disability insurance program, provided that the definition of disability under such disability insurance program complies with the requirements of one of the three
preceding definitions above.

  
 -15- 

 Rev. 11/19/10 
  

	30.	Distributions to “Key Employees” – Investment. In order to comply with Internal Revenue Code Section 409A, distributions to “key employees” (see subsection 9.3 of the Plan Document
for definition) of publicly traded companies made due to employment termination cannot be made within 6 months of the employment termination date. If distribution to a key employee must be delayed to comply with this 6-month rule, indicate below how
Account balances of such a Participant will be invested during the period of delay [select one]: 

  

					
		 	 ̈	  	Valued as of most recent Valuation Date and held at the Employer without allocation of additional gains or losses after such Valuation Date until payment can be made.
			
		 	x	  	Remain invested as if termination date had not occurred, then valued as of most recent Valuation Date and distributed.

  

	31.	QDRO Distributions. The Employer may elect whether distributions from a Participant’s Account shall be permitted upon receipt by the Plan Administrator of a Qualified Domestic Relations Order relating to a
marital dissolution or separation that provides for payment of all or a portion of a Participant’s Accounts to an alternate payee (spouse, former spouse, children, etc.). [Indicate below whether QDRO distributions will be
permitted]: 

  

	 	 ̈	No, QDRO Distributions will not be permitted. 

  

	 	x	Yes, QDRO Distributions will be permitted. 

  

	32.	Additional Survivor Death Benefit from Life Insurance. In the event that life insurance is utilized as a funding vehicle for the Plan, the Employer may wish to provide additional Survivor Benefit from the
following options: [select one] 

  

	 	 ̈	No additional Survivor Benefit offered, but rather Participant’s vested Account balance. 

  

	 	 ̈	Face value of life insurance policy of Participant, if any. 

  

	 	 ̈	Greater of (a) face value of life insurance policy of Participant, if any, or (b) Participant’s vested Account balance. 

 

	 	x	Other: [enter amount or formula] 50% of the death benefit of the policy 

  

	33.	Payment of Plan Expenses. Plan expenses may be paid as follows: [select one] 

  

	 	x	Directly by the Employer. 

  

	 	 ̈	Deducted from the Participant accounts and Plan’s trust or other custodial account (mutual fund plans only, if applicable). 

  

	34.	“De Minimis” Small Amount Cashouts. If selected by the Employer, Participant account balances that do not exceed a certain threshold amount will be automatically cashed out upon the Participant‘s
Termination of Employment or Death, as provided below [select one]  

  

	 	x	Yes, amounts that do not exceed a threshold dollar amount will automatically be cashed out [IRS 402(g) limit OR $          [enter dollar amount, not to exceed the
IRS 402(g) limit for a given year] 

  

	 	 ̈	No, no “de minimis” small amounts will be cashed out. 

  
 -16- 

 Rev. 11/19/10 
  

 By signing this Adoption Agreement, the Employer certifies that it has consulted with legal counsel regarding
the effects of the Plan, as applicable, on all parties. The Employer further certifies that it has and will limit participation in the Plan to a select group of management or highly compensated Employees, Board Members or Other Service Providers, as
determined by the Employer in consultation with legal counsel. The Employer further certifies that it is the Employer’s sole responsibility to ensure that each Participant with the right to direct deemed investments under the Plan that are
based on securities issued by the Employer or a member of its controlled group (as defined in Code Section 414(b) and (c)) will receive a prospectus for any such deemed investment option based on such Employer securities. 

The Employer is solely responsible for its compliance with applicable laws, including Federal and state securities and other applicable laws. 

Only those elections that are completed shall be considered as provisions applicable to and forming a part of the Plan. 

This Adoption Agreement may only be used in conjunction with the Plan document. All selections in the Adoption Agreement providing for customized or
“other” plan provisions are subject to review for administrative feasibility, and may be subject to additional fees. 
 Terms used in this
Adoption Agreement which are defined in the Plan document shall have the meaning given them therein. 
 The Employer hereby acknowledges that it is adopting
this Nonqualified Supplemental Deferred Compensation Plan. Federal legislation or other changes in the law relating to nonqualified deferred compensation or other employee benefit plans may require that the Plan be amended. 

*        *        * 

The undersigned duly authorized owner, or officer of the Employer hereby executes the Plan on behalf of the Employer. 

Dated this 22nd day of January, 2014. 

 

			
	Quanta Services, Inc.
	Employer
		
	By	 	 /s/ Vivek Arora

	Its	 	 Director of Human Resources

  
 -17- 

 QUANTA SERVICES, INC. - SUBSIDIARIES LIST 

(Foreign subsidiaries listed in italics) 
  

			
	 Subsidiary
	  	 State of Incorporation

	1 Diamond, LLC	  	Delaware
	618232 Alberta Ltd.	  	Alberta
	1298888 Alberta Ltd.	  	Alberta
	Aedon Consulting Inc.	  	British Columbia
	All Power Products Inc.	  	Alberta
	Allteck Line Contractors, Inc.	  	British Columbia
	American International Maritime Logistics, LLC	  	Texas
	CAN-FER Utility Services, LLC	  	Delaware
	Coe Drilling Pty Ltd.	  	Victoria, Australia
	Conam Construction Co.	  	Texas
	Conti Communications, Inc.	  	Delaware
	Croce Electric Company, Inc.	  	Delaware
	Crux Subsurface, Inc.	  	Delaware
	DNR Pressure Welding Ltd.	  	Alberta
	Dacon Corporation	  	Delaware
	Dashiell Corporation	  	Delaware
	Digco Utility Construction, L.P.	  	Delaware
	EHV Elecon, Inc.	  	Puerto Rico
	EHV Power ULC	  	British Columbia
	Energy Construction Services, Inc.	  	Delaware
	Five Points Construction Co.	  	Texas
	H. C. Price Canada Company	  	Nova Scotia
	H.L. Chapman Pipeline Construction, Inc.	  	Delaware
	High Line Power Inc.	  	Ontario
	InfraSource Construction, LLC	  	Delaware
	InfraSource Field Services, LLC	  	Delaware
	InfraSource FI, LLC	  	Delaware
	InfraSource Installation, LLC	  	Delaware
	InfraSource, LLC	  	Delaware
	InfraSource Services, LLC	  	Delaware
	InfraSource Transmission Services Company	  	Arizona
	InfraSource Underground Construction, Inc.	  	Delaware
	InfraSource Underground Services Canada, Inc.	  	Delaware
	Inline Devices, LLC	  	Texas
	Intermountain Electric, Inc.	  	Colorado
	IonEarth, LLC	  	Michigan
	Irby Construction Company	  	Mississippi
	Island Mechanical Corporation	  	Hawaii
	Lazy Q Ranch, LLC	  	Delaware
	Lindsey Electric, L.P.	  	Texas
	Manuel Bros., Inc.	  	Delaware
	McGregor Construction 2000 Ltd.	  	Alberta

  

					
	Current as of January 14, 2014	  	Page 1 of 4	  	

			
	 Subsidiary
	  	 State of Incorporation

	Mears Canada Corp.	  	Nova Scotia
	Mears Construction, LLC	  	Georgia
	Mears Group, Inc.	  	Delaware
	Mears Group Pty Ltd	  	Victoria, Australia
	Mearsmex S. de R.L. de C.V.	  	Mexico
	Mears Pipeline Pty Ltd.	  	Victoria, Australia
	Mejia Personnel Services, Inc.	  	Texas
	Mercer Software Solutions, LLC	  	Texas
	Microline Technology Corporation	  	Michigan
	M.J. Electric, LLC	  	Delaware
	Nacap Australia Pty Ltd.	  	Victoria, Australia
	North Houston Pole Line, L.P.	  	Texas
	North Sky Engineering, Inc.	  	Delaware
	NorthStar Energy Services, Inc.	  	North Carolina
	Northstar Energy Services Inc.	  	Alberta
	Northstar Transport Services Inc.	  	Alberta
	Nova NextGen Solutions, LLC	  	Delaware
	O. J. Pipelines Canada Corporation	  	New Brunswick
	O. J. Pipelines Canada Limited Partnership	  	Alberta
	PAR Electrical Contractors, Inc.	  	Missouri
	Par Internacional, S. de R.L. de C.V.	  	Mexico
	Performance Energy Services, L.L.C.	  	Louisiana
	Performance Labor Services, L.L.C.	  	Louisiana
	Phasor Engineering Inc.	  	Alberta
	Potelco, Inc.	  	Washington
	Price Gregory Construction, Inc.	  	Delaware
	Price Gregory International, Inc.	  	Delaware
	Price Gregory Services, LLC	  	Delaware
	Probst Electric, Inc.	  	Utah
	PWR Financial Company	  	Delaware
	PWR Network, LLC	  	Delaware
	QCS ECA 0927 Development Ltd.	  	British Columbia
	QPS Engineering, LLC	  	Delaware
	QSI Finance (Australia) Pty Ltd.	  	Victoria, Australia
	QSI Finance Canada ULC	  	British Columbia
	QSI Finance I (US), Inc.	  	Delaware
	QSI Finance II (Lux) S.à r.l	  	Luxembourg
	QSI Finance III (Canada) ULC	  	British Columbia
	QSI Finance IV (Canada) ULC	  	British Columbia
	QSI Finance V (US), LLP	  	Delaware
	QSI Finance VI (Canada) ULC	  	British Columbia
	QSI Finance VII (Canada) Limited Partnership	  	British Columbia
	QSI Finance VIII (Canada) ULC	  	British Columbia
	QSI Finance IX (Canada) Limited Partnership	  	British Columbia
	QSI, Inc.	  	Delaware

  

					
	Current as of January 14, 2014	  	Page 2 of 4	  	

			
	 Subsidiary
	  	 State of Incorporation

	Quanta Asset Management LLC	  	Delaware
	Quanta Associates, L.P.	  	Texas
	Quanta Capital Solutions, Inc.	  	Delaware
	Quanta Capital South Africa Pty Ltd.	  	South Africa
	Quanta Delaware, Inc.	  	Delaware
	Quanta Electric Power Services, LLC	  	Delaware
	Quanta Energy Services, LLC	  	Delaware
	Quanta Fiber Networks, Inc.	  	Delaware
	Quanta Field Services, LLC	  	Delaware
	Quanta Government Services, Inc.	  	Delaware
	Quanta Government Solutions, Inc.	  	Delaware
	Quanta Holdings 1 GP, LLC	  	Delaware
	Quanta Infrastructure Services, S. de R.L. de C.V.	  	Mexico
	Quanta International Holdings, Ltd.	  	British Virgin Islands
	Quanta International Limited	  	British Virgin Islands
	Quanta International Services, Inc.	  	Delaware
	Quanta LXVII Acquisition, Inc.	  	Delaware
	Quanta LXVIII Acquisition, Inc.	  	Delaware
	Quanta LXIX Acquisition, Inc.	  	Delaware
	Quanta LXX Acquisition, Inc.	  	Delaware
	Quanta LXXI Acquisition, Inc.	  	Delaware
	Quanta LXXII Acquisition, Inc.	  	Delaware
	Quanta LXXIII Acquisition, Inc	  	Delaware
	Quanta Marine Services, LLC	  	Delaware
	Quanta Middle East, LLC	  	Qatar
	Quanta Pipeline Services, Inc.	  	Delaware
	Quanta Power Generation, Inc.	  	Delaware
	Quanta Power, Inc.	  	Delaware
	Quanta Power Solutions India Private Limited	  	New Delhi, India
	Quanta Receivables, L.P.	  	Delaware
	Quanta Renewable Construction Pty Ltd.	  	South Africa
	Quanta Services Africa (PTY) Ltd.	  	South Africa
	Quanta Services Australia Pty Ltd.	  	Victoria, Australia
	Quanta Services CC Canada Ltd.	  	British Columbia
	Quanta Services Chile SpA	  	Chile
	Quanta Services Colombia S.A.S.	  	Colombia
	Quanta Services Contracting, Inc.	  	Delaware
	Quanta Services Costa Rica, Ltda.	  	Costa Rica
	Quanta Services Guatemala, Ltda.	  	Guatemala
	Quanta Services (India) Ltd.	  	British Virgin Islands
	Quanta Services Management Partnership, L.P.	  	Texas
	Quanta Services Netherlands B.V.	  	Netherlands
	Quanta Services of Canada Ltd.	  	British Columbia
	Quanta Services Panama, S. de R.L.	  	Panama
	Quanta Services Peru S.A.C.	  	Peru

  

					
	Current as of January 14, 2014	  	Page 3 of 4	  	

			
	 Subsidiary
	  	 State of Incorporation

	Quanta Technology Canada ULC	  	British Columbia
	Quanta Technology, LLC	  	Delaware
	Quanta Tecnologia do Brasil Ltda.	  	Brazil
	Quanta Towergen Private Limited	  	Karnataka, India
	Quanta Utility Installation Company, Inc.	  	Delaware
	Quanta Utility Services – Gulf States, Inc.	  	Delaware
	Quanta Utility Services of Canada Inc.	  	British Columbia
	QuantaWorks, LLC	  	Delaware
	Quantecua Cia. Ltda.	  	Ecuador
	Realtime Engineers, Inc.	  	Delaware
	Realtime Utility Engineers, Inc.	  	Wisconsin
	RMS Holdings, LLC	  	Delaware
	Road Bore Corporation	  	Hawaii
	Service Electric Company	  	Delaware
	Servicios Par Electric, S. de R.L. de C.V.	  	Mexico
	Sharp’s Construction Services 2006 Ltd.	  	Alberta
	Southwest Trenching Company, Inc.	  	Texas
	Summit Line Construction, Inc.	  	Utah
	Sumter Utilities, Inc.	  	Delaware
	Sunesys, LLC	  	Delaware
	Sunesys of Massachusetts, LLC	  	Delaware
	Sunesys of Virginia, Inc.	  	Virginia
	T. G. Mercer Consulting Services, Inc.	  	Texas
	The Ryan Company, Inc.	  	Massachusetts
	Tom Allen Construction Company	  	Delaware
	Total Quality Management Services, LLC	  	Delaware
	Ultimate Powerline Contracting Ltd.	  	Saskatchewan
	Underground Construction Co., Inc.	  	Delaware
	Utilimap Corporation	  	Missouri
	Utility Line Management Services, Inc.	  	Delaware
	Valard Construction Ltd.	  	British Columbia
	Valard Construction LP	  	Alberta
	Valard Construction 2008 Ltd.	  	Alberta
	Valard Construction (Manitoba) Ltd.	  	Manitoba
	Valard Construction (Ontario) Ltd.	  	Ontario
	Valard Construction (Quebec) Inc.	  	Quebec
	Valard Geomatics Ltd.	  	Alberta
	Valard Norway AS	  	Norway
	Valard Sweden AB	  	Sweden
	Valard Wellpoint Systems Ltd.	  	Alberta
	VCS Sub, Inc.	  	California
	Winco, Inc.	  	Oregon

  

					
	Current as of January 14, 2014	  	Page 4 of 4	  	

 NONQUALIFIED 

DEFERRED COMPENSATION PLAN 

- PLAN DOCUMENT - 
 This document
and the accompanying adoption agreement have not been approved by the Department of Labor, Internal Revenue Service, Securities Exchange Commission, or any other governmental entity. Employers may not rely on this document or the accompanying
adoption agreement to ensure any particular tax consequences with respect to the Employer’s particular situation, nor do these documents constitute legal or tax advice. Pen-Cal and its employees cannot provide legal or tax advice in connection
with these documents. Employers must determine the extent to which the Plan is subject to Federal or state securities laws. You should have your attorney review this document and the accompanying adoption agreement before adopting the documents.
This document and the accompanying adoption agreement cannot be used in order to avoid penalties that may be imposed on the taxpayer. 

 Rev. 11/19/2010 
  

 NONQUALIFIED 

DEFERRED COMPENSATION PLAN 

- PLAN DOCUMENT - 

SECTION 1 INTRODUCTION 
  

	 	1.1	Adoption of Plan and Purpose 

 This Plan is an unfunded, nonqualified deferred
compensation plan. With the consent of the Employer (as defined in subsection 2.16) the plan may be adopted by executing the Adoption Agreement (as defined in subsection 2.3) in the form attached hereto. The Plan contains certain variable features
which the Employer has specified in the Adoption Agreement. Only those variable features specified by the Employer in the Adoption Agreement will be applicable to the Employer. 

The purpose of the Plan is to provide certain supplemental benefits under the Plan to a select group of management or highly compensated
Employees of the Employer (in accordance with Sections 201, 301 and 401 of ERISA), Members of the Board(s) of the Employer, or Other Service Providers to the Employer (as defined below), and to allow such Employees, Board Members or Other Service
Providers the opportunity to defer a portion of their salaries, bonuses and other compensation, subject to the terms of the Plan. Participants (and their Beneficiaries) shall have only those rights to payments as set forth in the Plan and shall be
considered general, unsecured creditors of the Employer with respect to any such rights. The Plan is designed to comply with Code Section 409A and all guidance issued in connection with Code Section 409A. It is intended that the Plan be
interpreted according to a good faith interpretation of Code Section 409A, and consistent with published IRS guidance, including proposed and final IRS regulations under Code Section 409A. Treatment of amounts in the Plan under any
transition rules provided under all IRS and other guidance in connection with Code Section 409A shall be expressly authorized hereunder in accordance with procedures developed by the Administrator. In the event of any inconsistency between the
terms of the Plan and Code Section 409A (and regulations thereunder), the terms of Code Section 409A (and the regulations thereunder) shall control. The Plan is intended to constitute an account balance plan (as defined in Treasury
Regulation Section 1.409A-1(c)). 
 By becoming a Participant and making deferrals under this Plan, each Participant agrees to be bound
by the provisions of the Plan and the determinations of the Employer and the Administrator hereunder. 
  

	 	1.2	Adoption of the Plan 

 The Employer may adopt the Plan by completing and signing the
Adoption Agreement in the form attached hereto. 
  

	 	1.3	Plan Year 

 The Plan is administered on the basis of a Plan Year, as defined in
subsection 2.27. 

  
 - 1 - 

	 	1.4	Plan Administration 

 The plan shall be administered by a plan administrator (the
“Administrator,” as that term is defined in Section 3(16)(A) of ERISA) designated by the Employer in the Adoption Agreement. The Administrator has full discretionary authority to construe and interpret the provisions of the Plan and
make factual determinations thereunder, including the power to determine the rights or eligibility of employees or participants and any other persons, and the amounts of their benefits under the plan, and to remedy ambiguities, inconsistencies or
omissions, and such determinations shall be binding on all parties. The Administrator from time to time may adopt such rules and regulations as may be necessary or desirable for the proper and efficient administration of the Plan and as are
consistent with the terms of the Plan. The administrator may delegate all or any part of its powers, rights, and duties under the Plan to such person or persons as it may deem advisable, and may engage agents to provide certain administrative
services with respect to the Plan. Any notice or document relating to the Plan which is to be filed with the Administrator may be delivered, or mailed by registered or certified mail, postage pre-paid, to the Administrator, or to any designated
representative of the Administrator, in care of the Employer, at its principal office. 

  
 - 2 - 

 SECTION 2 DEFINITIONS 

 

	 	2.1	Account 

 “Account” means all notional accounts and subaccounts maintained for
a Participant in order to reflect his interest under the Plan, as described in Section 6. 
  

	 	2.2	Administrator 

 “Administrator” means the individual or individuals (if any)
delegated authority by the Employer to administer the Plan, as defined in subsection 1.4. 
  

	 	2.3	Adoption Agreement 

 “Adoption Agreement” shall mean the form executed by the
Employer and attached hereto, which Agreement shall constitute a part of the Plan. 
  

	 	2.4	Beneficiary 

 “Beneficiary” means the person or persons to whom a deceased
Participant’s benefits are payable under subsection 9.5. 
  

	 	2.5	Board 

 “Board” means the Board of Directors of the Employer (if applicable),
as from time to time constituted. 
  

	 	2.6	Board Member 

 “Board Member” means a member of the Board. 

 

	 	2.7	Bonus 

 “Bonus” (also referred to herein as a “Non-Performance-Based
Bonus) means an award of cash that is not a Performance-Based Bonus (as defined in subsection 2.25) that is payable to an Employee (or Board Member or Other Service Provider, as applicable) in a given year, with respect to the immediately preceding
Bonus performance period, which may or may not be contingent upon the achievement of specified performance goals. 
  

	 	2.8	Code 

 “Code” means the Internal Revenue Code of 1986, as amended. Reference to
a specific section of the Code shall include such section, any valid regulation promulgated thereunder, and any comparable provision of any future legislation amending, supplementing, or superseding such section. 

  
 - 3 - 

	 	2.9	Compensation 

 “Compensation” shall mean the amount of a Participant’s
remuneration from the Employer designated in the Adoption Agreement for the Plan Year (or, as determined in accordance with procedures established by the Employer, for the period during which the Participant remains an Eligible Individual).
Notwithstanding the foregoing, the Compensation of an Other Service Provider (as defined in subsection 2.22) shall mean his remuneration from the Employer pursuant to an agreement to provide services to the Employer. With respect to any Participant
who is a Member of the Board (if applicable), “Compensation” means all cash remuneration which, absent a deferral election under the Plan, would have otherwise been received by the Board Member in the taxable year, payable to the Board
Member for service on the Board and on Board committees, including any cash payable for attendance at Board meetings and Board committee meetings, but not including any amounts constituting reimbursements of expenses to Board Members. To the extent
the Employer has designated “401(k) Refunds” in the Adoption Agreement (and to the extent elected by the Participant), an amount equal to the Participant’s “401(k) Refund” shall be deferred from the Participant’s
Compensation otherwise payable to the Participant in the next subsequent Compensation pay period (or such later pay period in the same calendar year as the Administrator determines shall be administratively feasible), and shall be credited to the
Participant’s Compensation Deferral Account in accordance with subsection 4.1. For purposes of this subsection, “401(k) Refund” means any amount distributed to the applicable Participant from the Employer’s qualified retirement
plan intended to comply with Section 401(k) of the Code that is in excess of the maximum deferral for the prior calendar year allowable under such qualified retirement plan. Notwithstanding the foregoing, the definition of compensation for
purposes of determining key employees under subsection 9.3 of the Plan shall be determined solely in accordance with subsection 9.3. To the extent not otherwise designated by the Employer in a separate document forming part of the Plan, Compensation
payable after December 31 of a given year solely for services performed during the Employer’s final payroll period containing December 31, is treated as Compensation payable for services performed in the subsequent year in which the
non-deferred portion of the payroll payment is actually made. 
  

	 	2.10	Compensation Deferrals 

 “Compensation Deferrals” means the amounts credited to
a Participant’s Compensation Deferral Account pursuant to the Participant’s election made in accordance with subsection 4.1. 
  

	 	2.11	Deferral Election 

 “Deferral Election” means an election by a Participant to
make Compensation Deferrals or Performance-Based Bonus Deferrals in accordance with Section 4. 
  

	 	2.12	Disability 

 “Disability” for purposes of this Plan shall mean the occurrence
of an event as a result of which the Participant is considered disabled, as designated by the Employer in the Adoption Agreement. 

  
 - 4 - 

	 	2.13	Effective Date 

 “Effective Date” means the Effective Date of the Plan, as
indicated in the Adoption Agreement. 
  

	 	2.14	Eligible Individual 

 “Eligible Individual” means each Board Member, Other
Service Provider, or Employee of an Employer who satisfies the eligibility requirements set forth in the Adoption Agreement, for the period during which he is determined by the Employer to satisfy such requirements. 

 

	 	2.15	Employee 

 “Employee” means a person who is employed by an Employer and is
treated and/or classified by the Employer as a common law employee for purposes of wage withholding for Federal income taxes. If a person is not considered to be an Employee of the Employer in accordance with the preceding sentence, a subsequent
determination by the Employer, any governmental agency, or a court that the person is a common law employee of the Employer, even if such determination is applicable to prior years, will not have a retroactive effect for purposes of eligibility to
participate in the Plan. 
  

	 	2.16	Employer 

 “Employer” means the business entity designated in the Adoption
Agreement, and its successors and assigns unless otherwise herein provided, or any other corporation or business organization which, with the consent of the Employer, or its successors or assigns, assumes the Employer’s obligations hereunder,
and any affiliate or subsidiary of the Employer or other corporation or business organization in the Employer’s “controlled group” (as defined in Subsections 414(b) and (c) of the Code and Section 1.409A-1(h) of the Treasury
Regulations), that has adopted the Plan on behalf of its Eligible Individuals with the consent of the Employer. 
  

	 	2.17	Employer Contributions 

 “Employer Contributions” means the amounts other than
Matching Contributions that are credited to a Participant’s Employer Contributions Account under the Plan by the Employer in accordance with subsection 4.4. 
  

	 	2.18	ERISA 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended. Reference to a specific section of ERISA shall include such section, any valid regulation promulgated thereunder, and any comparable provision of any future legislation amending, supplementing, or superseding such section. 

  
 - 5 - 

	 	2.19	Fiscal Year Compensation 

 “Fiscal Year Compensation” means Compensation
relating to a period of service coextensive with one or more consecutive non-calendar-year fiscal years of the Employer, where no amount of such Compensation is paid or payable during the service period. For example, a Bonus based upon a service
period of two consecutive fiscal years payable after the completion of the second fiscal year would be “Fiscal Year Compensation,” but periodic salary payments or Bonuses based on service periods other than the Employer’s fiscal year
would not be Fiscal Year Compensation. 
  

	 	2.20	Investment Funds 

 “Investment Funds” means the notional funds or other
investment vehicles designated pursuant to subsection 5.1. 
  

	 	2.21	Matching Contributions 

 “Matching Contributions” means the amounts credited to
a Participant’s Employer Contribution Account under the Plan by the Employer that are based on the amount of Participant Deferrals made by the Participant under the Plan, or that are based upon such other formula as designated by the Employer
in the Adoption Agreement, in accordance with subsection 4.3. 
  

	 	2.22	Other Service Providers 

 “Other Service Providers” shall mean independent
contractors, consultants, or other similar providers of services to the Employer, other than Employees and Board Members. To the extent that an Other Service Provider is unrelated to the Employer and satisfies the other requirements of Treasury
Regulation Section 1.409A-1(f)(2)(i) as described therein and in Code Section 409A and other applicable regulations, guidance, etc. thereunder, the provisions of such guidance shall not apply. To the extent that an Other Service Provider
uses an accrual method of accounting for a given taxable year, amounts deferred under the Plan in such taxable year shall not be subject to Code Section 409A and other applicable guidance thereunder, notwithstanding any provision of the Plan to
the contrary. 
  

	 	2.23	Participant 

 “Participant” means an Eligible Individual who meets the
requirements of Section 3 and elects to make Compensation Deferrals pursuant to Section 4, or who receives Employer Contributions or Matching Contributions pursuant to subsection 4.3 or 4.4. A Participant shall cease being a Participant in
accordance with subsection 3.2 herein. 

  
 - 6 - 

	 	2.24	Participant Deferrals 

 “Participant Deferrals” means all amounts deferred by a
Participant under this Plan, including Participant Compensation Deferrals and Participant Performance-Based Bonus Deferrals. 
  

	 	2.25	Performance-Based Bonus 

 “Performance-Based Bonus” generally means
Compensation where the amount of, or entitlement to, the compensation is contingent on the satisfaction of previously established organizational or individual performance criteria relating to a performance period of at least 12 consecutive months in
which the Eligible Individual performs services, pursuant to rules described in Treasury Regulation Section 1.409A-1(e). 
  

	 	2.26	Performance-Based Bonus Deferrals 

 “Performance-Based Bonus Deferrals” means
the amounts credited to a Participant’s Compensation Deferral Account from the Participant’s Performance-Based Bonus pursuant to the Participant’s election made in accordance with subsection 4.2. 

 

	 	2.27	Plan Year 

 “Plan Year” means each 12-month period specified in the Adoption
Agreement, on the basis of which the Plan is administered. 
  

	 	2.28	Retirement 

 “Retirement” for purposes of this Plan means the
Participant’s Termination Date, as defined in subsection 2.30, after attaining any age and/or service minimums with respect to Retirement or Early Retirement as designated by the Employer in the Adoption Agreement. 

 

	 	2.29	Spouse 

 “Spouse” means the person to whom a Participant is legally married
under applicable state law at the earlier of the date of the Participant’s death or the date payment of the Participant’s benefits commenced and who is living on the date of the Participant’s death. 

 

	 	2.30	Termination Date 

 “Termination Date” means (i) with respect to an
Employee Participant, the Participant’s separation from service (within the meaning of Section 409A of the Code and the regulations, notices and other guidance thereunder, including death or Disability) with the Employer, and any
subsidiary or affiliate of the Employer as defined in Sections 414(b) and (c) of the Code and Section 1.409A-1(h) of the Treasury Regulations; (ii) with respect to a Board Member Participant, the Participant’s resignation or
removal from the Board (for any reason, including death or following Disability); and (iii) with respect to any Other Service Provider, the expiration of all agreements to provide services to the Employer (for any reason, including death or

  
 - 7 - 

 
following Disability). The date that an Employee’s, Board Member’s, or Other Service Provider’s performance of services for all the Employers is reduced to a level less than 20% of
the average level of services performed in the preceding 36-month period, shall be considered a Termination Date, and the performance of services at a level of 50% or more of the average level of services performed in the preceding 36-month period
shall not be considered a Termination Date, based on the parties’ reasonable expectations as of the applicable date. A Participant’s Termination Date shall not be deemed to have occurred if the Employee’s, Board Member’s or Other
Service Provider’s average level of service performed in the preceding 36-month period drops below 50% but not less than 20%, unless the Employer: (i) has designated in a writing forming part of the Plan that a level between 20% and 50%
will be deemed to trigger a Termination Date, and (ii) such writing was in place at or prior to the date required under Code Section 409A and the regulations and other guidance thereunder. If such designation is subsequently changed, the
change must comply with the rules regarding subsequent deferrals and the acceleration of payments described in Code Section 409A and the regulations, notices, rulings and other guidance thereunder. If a Participant is both a Board Member
Participant and an Employee Participant, “Termination Date” means the date the Participant satisfies both criteria (i) and (ii) above. 
  

	 	2.31	Valuation Date 

 “Valuation Date” means the last day of each Plan Year and any
other date that the Employer, in its sole discretion, designates as a Valuation Date, as of which the value of an Investment Fund is adjusted for notional deferrals, contributions, distributions, gains, losses, or expenses. 

 

	 	2.32	Other Definitions 

 Other defined terms used in the Plan shall have the meanings given
such terms elsewhere in the Plan. 

  
 - 8 - 

 SECTION 3 ELIGIBILITY AND PARTICIPATION 

 

	 	3.1	Eligibility 

 Each Eligible Individual on the Effective Date of the Plan shall be
eligible to become a Participant by properly making a Deferral Election on a timely basis as described in Section 4, or, if applicable and eligible as designated by the Employer in the Adoption Agreement, by receiving a Matching Contribution or
other Employer Contribution under the Plan. Each other Eligible Individual may become a Participant by making a Deferral Election on a timely basis as described in Section 4 or, if applicable and eligible as designated by the Employer in the
Adoption Agreement, by receiving a Matching Contribution or other Employer Contribution under the Plan. Each Eligible Individual’s decision to become a Participant by making a Deferral Election shall be entirely voluntary. The Employer may
require the Participant to complete any necessary forms or other information as it deems necessary or advisable prior to permitting the Eligible Individual to commence participation in the Plan. 

 

	 	3.2	Cessation of Participation 

 If a Termination Date occurs with respect to a Participant,
or if a Participant otherwise ceases to be an Eligible Individual, no further Compensation Deferrals, Performance-Based Bonus Deferrals, Matching Contributions or other Employer Contributions shall be credited to the Participant’s Accounts
after the Participant’s Termination Date or date the Participant ceases to be eligible (or as soon as administratively feasible after the date the Participant ceases to be eligible or, if applicable, the end of the then-current Plan Year or
performance period with respect to Performance-Based Bonuses), unless he is again determined to be an Eligible Individual, but the balance credited to his Accounts shall continue to be adjusted for notional investment gains and losses under the
terms of the Plan and shall be distributed to him at the time and manner set forth in Section 9. An Employee, Board Member or Other Service Provider shall cease to be a Participant after his Termination Date or other loss of eligibility as soon
as his entire Account balance has been distributed. 
  

	 	3.3	Eligibility for Matching or Employer Contributions 

 An Employee Participant who has
satisfied the requirements necessary to become an Eligible Individual with respect to Matching Contributions as specified in the Adoption Agreement, and who has made a Compensation Deferral election pursuant to subsection 4.1 herein or who has
satisfied such other criteria as specified in the Adoption Agreement, shall be eligible to receive Matching Contributions described in subsection 4.3. An Employee Participant who has satisfied the requirements necessary to become an Eligible
Individual with respect to Employer Contributions other than Matching Contributions as specified in the Adoption Agreement, shall be eligible to receive Employer Contributions described in subsection 4.4. 

  
 - 9 - 

 SECTION 4 DEFERRALS AND CONTRIBUTIONS 

 

	 	4.1	Compensation Deferrals Other Than Performance-Based Bonus Deferrals 

 Each Plan Year, an Eligible
Individual may elect to defer receipt of no less than the minimum and no greater than the maximum percentage or amount selected by the Employer in the Adoption Agreement with respect to each type of Compensation (other than Performance-Based
Bonuses) earned with respect to pay periods beginning on and after the effective date of the election; provided, however, that Compensation earned prior to the date the Participant satisfies the eligibility requirements of Section 3 shall not
be eligible for deferral under this Plan. Except as otherwise provided in this subsection, a Participant’s Deferral Election for a Plan Year under this subsection must be made not later than December 31 of the preceding Plan Year (or such
earlier date as determined by the Administrator) with respect to Compensation (other than Performance-Based Bonuses) earned in pay periods beginning on or after the following January 1 in accordance with rules established by the Administrator.
An election to defer restricted stock units (RSUs) into the Plan must be made by one of the following deadlines: (i) the end of the calendar year prior to the date of grant of the RSU; (ii) 12 months before the payment date of the RSU
(vesting date is treated as the payment date for these purposes), but the election will not take effect for 12 months, and the subsequent payout date must be at least five years later than the original payment date); (iii) within 30 days of the
date of grant (but only if the RSU is structured so that vesting is contingent on the Participant performing services for at least an additional 12 months); or (iv) within 6 months of the payment (vesting) date, but only if the RSU is
performance-based under Code Section 409A, and only if the performance period must be at least 12 months long and either: (a) the amount of the compensation cannot be reasonably ascertained at the time of the election, or (b) the
performance requirement is still not substantially certain to be met at the time of the election. If the Employer allows for deferral of RSUs structured so that a specified portion of the RSU grant vests periodically (for example, an RSU grant over
a four-year period vesting 25% annually), then the election to defer may be made separately with respect to each portion of the grant that vests in a given year, if permitted by the Employer. However, each election for each portion of the grant must
be made either: (i) within thirty days of the date of grant or each anniversary thereof, and only if the RSU is structured so that vesting is contingent on the employee performing services for at least an additional 12 months subsequent to the
election; or (ii) 12 months before the payment date of the RSU (vesting date is treated as the payment date for these purposes), but the election will not take effect for 12 months, and the subsequent payout date must be at least five years
later than the previous payment date. 
 An Employee, Board Member or Other Service Provider who first becomes an Eligible Individual during
a Plan Year (by virtue of a promotion, Compensation increase, commencement of employment with the Employer, commencement of Board service, execution of an agreement to provide services to an Employer, or any other reason) shall be provided
enrollment documents (including Deferral Election forms) as soon as administratively feasible following such initial notification of eligibility. Such Eligible Individual must make his Deferral Elections within 30 days after first becoming an
Eligible Individual, with respect to his Compensation (other than Performance-Based Bonuses) earned on or after the effective date of the Deferral Election 

  
 - 10 - 

 
(provided, however, that if such Eligible Individual is participating in any other account balance plan maintained by the Employer or any member of the Employer’s “controlled
group” (as defined in subsections 414(b) and (c) of the Code), such Eligible Individual must make his Compensation Deferral Election no later than December 31 of the preceding Plan Year (or such earlier date as determined by the
Administrator), or he may not elect to make Compensation Deferrals for that initial Plan Year). If an Eligible Individual does not elect to make Compensation Deferrals during that initial 30-day period, he may not later elect to make Compensation
Deferrals for that year under this subsection. In the event that an Eligible Individual first becomes eligible during a Plan Year with respect to which Fiscal Year Compensation is payable, such Eligible Individual must make his Fiscal Year
Compensation Deferral Election on or before the end of the fiscal year of the Employer immediately preceding the first fiscal year in which any services are performed for which the Fiscal Year Compensation is payable. 

In the case of an Employee, Board Member or Other Service Provider who is rehired (or who recommences Board Service or recommences providing
services to an Employer as an Other Service Provider) after having previously been an Eligible Individual, the phrase “first becomes an Eligible Individual” in the first sentence of the preceding paragraph shall be interpreted to apply
only where the Eligible Individual either (i) previously received payment of his total Account balances under the Plan, or (ii) did not previously receive payment of his total Account balances under the Plan, but is rehired (or recommences
Board Service or recommences providing services to an Employer as an Other Service Provider) at least 24 months after his last day as a previously Eligible Individual prior to again becoming such an Eligible Individual. In all other cases such
rehired Employee, Board Member or Other Service Provider may not elect to make Compensation Deferrals until the next date determined by the Administrator with respect to Compensation earned after the following January 1. Similarly, in the case
of an Employee who recommences status as an Eligible Individual for any other reason after having previously lost his status as an Eligible Individual (due to Compensation fluctuations, transfer from an ineligible location or job classification, or
otherwise), the phrase “first becomes an Eligible Individual” shall be interpreted to apply only where the Eligible Individual either: (i) previously received payment of his total Account balances under the Plan, or (ii) did not
previously receive payment of his total Account balances under the Plan, but regains his status as an Eligible Individual at least 24 months after his last day as a previously Eligible Individual prior to again becoming such an Eligible Individual.
In all other cases such Re-Eligible Participant may not elect to make Compensation Deferrals until the next date determined by the Administrator with respect to Compensation earned after the following January 1. 

An election to make Compensation Deferrals under this subsection 4.1 shall remain in effect through the last pay period commencing in the
calendar year to which the election applies (except as provided in subsections 2.9 or 4.5), shall apply with respect to the applicable type of Compensation (other than Performance-Based Bonuses) to which the Deferral Election relates earned for pay
periods commencing in the applicable calendar year to which the election applies, and shall be irrevocable (provided, however, that a Participant making a Deferral Election under this subsection may change his election at any time prior to
December 31 of the year preceding the year for which the Deferral Election is applicable, subject to rules established by the 

  
 - 11 - 

 
Administrator). If a Participant fails to make a Compensation Deferral election for a given Plan Year, such Participant’s Compensation Deferral Election for that Plan Year shall be deemed to
be zero; provided, however, that if the Employer has elected in the Adoption Agreement that a Participant’s Compensation Deferral Election shall be “evergreen”, then such Participant’s Compensation Deferral Election shall be
deemed to be identical to the most recent applicable Deferral Election on file with the Administrator with respect to the applicable type of Compensation; provided, however, that no In-Service Distribution shall be applicable to any amounts deferred
in a year in which the Participant fails to make an affirmative election, and payment of such amounts for such year shall be made in accordance with his most recent election on file with the Administrator (if no election is on file, then such
amounts shall be paid to him in a single lump sum). 
 Compensation Deferrals shall be credited to the Participant’s Compensation
Deferral Account as soon as administratively feasible after such amounts would have been payable to the Participant. 
  

	 	4.2	Performance-Based Bonus Deferrals 

 Each Plan Year, an Eligible Individual may elect to
defer receipt of no less than the minimum and no greater than the maximum percentage or amount selected by the Employer in the Adoption Agreement with respect to Performance-Based Bonuses earned with respect to the performance period for which the
Performance-Based Bonus is earned; provided, however, that the Eligible Individual performed services continuously from a date no later than the date upon which the performance criteria are established through a date no earlier than the date upon
which the Eligible Individual makes a Performance-Based Bonus Deferral Election; and further provided that in no event may an election to defer Performance-Based Bonuses be made after such Bonuses have become readily ascertainable. Except as
otherwise provided in this subsection, a Participant’s Performance-Based Bonus Deferral Election under this subsection must be made not later than six months (or such earlier date as determined by the Administrator) prior to the end of the
performance period. 
 An Employee, Board Member or Other Service Provider who first becomes an Eligible Individual during a Plan Year (by
virtue of a promotion, Compensation increase, commencement of employment with the Employer, commencement of Board service, execution of an agreement to provide services to an Employer, or any other reason) shall be provided enrollment documents
(including Deferral Election forms) as soon as administratively feasible following such initial notification of eligibility. Such Eligible Individual must make his Performance-Based Bonus Deferral Election within 30 days after first becoming an
Eligible Individual (provided, however, that if such Eligible Individual is participating in any other account balance plan maintained by the Employer or any member of the Employer’s “controlled group” (as defined in subsections
414(b) and (c) of the Code), such Eligible Individual must perform services continuously from a date no later than the date the performance criteria are established, and must make his Performance-Based Bonus Deferral Election no later than six
months (or such earlier date as determined by the Administrator) prior to the end of the performance period, and at a time when the Performance-Based Bonus is not readily ascertainable, or he may not elect to make

  
 - 12 - 

 
Performance-Based Bonus Deferrals for such initial Plan Year. In the case of a Deferral Election in the first year of eligibility that is made after the beginning of the Performance-Based Bonus
performance period, the Deferral Election will apply to the portion of the Performance-Based Bonus equal to the total amount of the Performance-Based Bonus for the performance period multiplied by the ratio of the number of days remaining in the
performance period after the effective date of the Deferral Election over the total number of days in the Performance Period. If an Eligible Individual does not elect to make a Performance-Based Bonus Deferral during that initial 30-day period, he
may not later elect to make a Performance-Based Bonus Deferral for that performance period under this subsection. Rules relating to the timing of elections to make a Performance-Based Bonus Deferral with respect to an Employee, Board Member or Other
Service Provider who becomes an Eligible Individual (due to rehire or other similar event) after having previously been an Eligible Individual shall be applied in a manner similar to rules described applicable to rehired and other Re-Eligible
Participants in subsection 4.1 above. 
 An election to make Performance-Based Bonus Deferrals under this subsection 4.2 shall remain in
effect through the end of the performance period to which the election applies (except as provided in subsection 4.5), and shall be irrevocable (provided, however, that a Participant making a Performance-Based Bonus Deferral Election under this
subsection with respect to a Performance-Based Bonus that is not yet readily ascertainable, may change his election at any time prior to the first day of the six-month period ending on the last day of the performance period for which the
Performance-Based Bonus Deferral Election is applicable, subject to rules established by the Administrator). If a Participant fails to make a Performance-Based Bonus Deferral Election for a given performance period, such Participant’s
Performance-Based Bonus Deferral Election for that performance period shall be deemed to be zero; provided, however, that if the Employer has elected in the Adoption Agreement that a Participant’s Performance-Based Deferral Election shall be
“evergreen”, then such Participant’s Performance-Based Bonus Deferral Election shall be deemed to be identical to the most recent applicable Performance-Based Bonus Deferral Election on file with the Administrator; provided, however,
that no In-Service Distribution shall be applicable to any amounts deferred in a year in which the Participant fails to make an affirmative election, and payment of such amounts for such year shall be made in accordance with his most recent election
on file with the Administrator (if no election is on file, then such amounts shall be paid to him in a single lump sum). 

Performance-Based Bonus Deferrals shall be credited to the Participant’s Compensation Deferral Account as soon as administratively
feasible after such amounts would have been payable to the Participant. 
  

	 	4.3	Matching Contributions 

 Matching Contributions shall be determined in accordance with
the formula specified in the Adoption Agreement, and shall be credited to the Employer Contribution Accounts of Participants who have satisfied the eligibility requirements for Matching Contributions specified in the Adoption Agreement. Matching
Contributions under this Plan shall be credited to such Participants’ Employer Contribution Accounts as soon as administratively feasible after the Applicable Period selected in the Adoption Agreement, but only with respect to Participants
eligible to receive such Matching Contributions as described in the Adoption Agreement. 

  
 - 13 - 

	 	4.4	Other Employer Contributions 

 Employer Contributions other than Matching Contributions
shall be discretionary from year to year, and shall be credited to the Employer Contribution Accounts of Participants who have satisfied the eligibility requirements for Employer Contributions, all as determined by the Employer and documented in
writing, and such writings will form part of the Plan, as specified in the Adoption Agreement. Employer Contributions under this Plan shall be credited to such Participants’ Employer Contributions Accounts as soon as administratively feasible.

  

	 	4.5	No Election Changes During Plan Year 

 A Participant shall not be permitted to change or
revoke his Deferral Elections (except as otherwise described in subsections 4.1 and 4.2), except that, if a Participant’s status changes such that he becomes ineligible for the Plan, the Participant’s Deferrals under the Plan shall cease
as described in subsection 3.2. Notwithstanding the foregoing, in the event the Employer maintains a qualified plan designed to comply with the requirements of Code Section 401(k) that requires the cessation of all deferrals in the event of a
hardship withdrawal under such plan, the Participant’s Deferrals under this Plan shall cease as soon as administratively feasible upon notification to the Administrator that the participant has taken such a hardship withdrawal. Notwithstanding
the foregoing, if the Employer has elected in the Adoption Agreement to permit Unforeseeable Emergency Withdrawals pursuant to subsection 9.8, the Participant’s Deferrals under this Plan shall cease as soon as administratively feasible upon
approval by the Administrator of a Participant’s properly submitted request for an Unforeseeable Emergency Withdrawal under subsection 9.8. The cancellation and subsequent resumption of a Participant’s Deferrals under this Plan following a
hardship withdrawal or Unforeseeable Emergency Withdrawal pursuant to this Section 4.5 shall be done in accordance with Treasury Regulation Section 1.409A-3(j)(4)(viii). 

 

	 	4.6	Crediting of Deferrals 

 The amount of deferrals pursuant to subsections 4.1 and 4.2
shall be credited to the Participant’s Accounts as of a date determined to be administratively feasible by the Administrator. 
  

	 	4.7	Reduction of Deferrals or Contributions 

 Any Participant Deferrals or Employer
Contributions to be credited to a Participant’s Account under this Section may be reduced by an amount equal to the Federal or state, local or foreign income, payroll, or other taxes required to be withheld on such deferrals or contributions or
to satisfy any necessary contributions under an employee welfare benefit plan described under Section 125 of the Code. A Participant shall be entitled only to the net amount of such deferral or contribution (as adjusted from time to time
pursuant to the terms of the Plan). The Administrator may notify a Participant of limitations on his Deferral Election if, as a result of any election, a Participant’s Compensation from the Employer would be insufficient to cover taxes,
withholding, and other required deductions applicable to the Participant. 

  
 - 14 - 

 SECTION 5 NOTIONAL INVESTMENTS 

 

	 	5.1	Investment Funds 

 The Employer may designate, in its discretion, one or more Investment
Funds for the notional investment of Participants’ Accounts. The Employer, in its discretion, may from time to time establish new Investment Funds or eliminate existing Investment Funds. The Investment Funds are for recordkeeping purposes only
and do not allow Participants to direct any Employer assets (including, if applicable, the assets of any trust related to the Plan). Each Participant’s Accounts shall be adjusted pursuant to the Participant’s notional investment elections
made in accordance with this Section 5, except as otherwise determined by the Employer or Administrator in their sole discretion. 
  

	 	5.2	Investment Fund Elections 

 The Employer shall have full discretion in the direction of
notional investments of Participants’ Accounts under the Plan; provided, however, that if the Employer so elects in the Adoption Agreement, each Participant may elect from among the Investment Funds for the notional investment of such of his
Accounts as are permitted under the Adoption Agreement from time to time in accordance with procedures established by the Employer. The Administrator, in its discretion, may adopt (and may modify from time to time) such rules and procedures as it
deems necessary or appropriate to implement the notional investment of the Participant’s Accounts. Such procedures may differ among Participants or classes of Participants, as determined by the Employer or the Administrator in its discretion.
The Employer or Administrator may limit, delay or restrict the notional investment of certain Participants’ Accounts, or restrict allocation or reallocation into specified notional investment options, in accordance with rules established in
order to comply with Employer policy and applicable law, to minimize regulated filings and disclosures, or under any other circumstances in the discretion of the Employer. Any deferred amounts subject to a Participant’s investment election that
must be so limited, delayed or restricted under such circumstances may be notionally invested in an Investment Fund designated by the Administrator, or may be credited with earnings at a rate determined by the Administrator, which rate may be zero.
A Participant’s notional investment election shall remain in effect until later changed in accordance with the rules of the Administrator. If a Participant does not make a notional investment election, all deferrals by the Participant and
contributions on his behalf will be deemed to be notionally invested in the Investment Fund designated by the Employer for such purpose, or, at the Employer’s election, may remain uninvested until such time as the Administrator receives proper
direction, or may be credited with earnings at a rate determined by the Administrator or Employer, which rate may be zero. 
  

	 	5.3	Investment Fund Transfers 

 A Participant may elect that all or a part of his notional
interest in an Investment Fund shall be transferred to one or more of the other Investment Funds. A Participant may make such notional Investment Fund transfers in accordance with rules established from time to time by the Employer or the
Administrator, and in accordance with subsection 5.2. 

  
 - 15 - 

 SECTION 6 ACCOUNTING 

 

	 	6.1	Individual Accounts 

 Bookkeeping Accounts shall be maintained under the Plan in the name
of each Participant, as applicable, along with any subaccounts under such Accounts deemed necessary or advisable from time to time, including a subaccount for each Plan Year that a Participant’s Deferral Election is in effect. Each such
subaccount shall reflect (i) the amount of the Participant’s Deferral during that year, any Matching Contributions or Employer Contributions credited during that year, and the notional gains, losses, expenses, appreciation and depreciation
attributable thereto. 
 Rules and procedures may be established relating to the maintenance, adjustment, and liquidation of
Participants’ Accounts, the crediting of deferrals and contributions and the notional gains, losses, expenses, appreciation, and depreciation attributable thereto, as are considered necessary or advisable. 

 

	 	6.2	Adjustment of Accounts 

 Pursuant to rules established by the Employer,
Participants’ Accounts will be adjusted on each Valuation Date, except as provided in Section 9, to reflect the notional value of the various Investment Funds as of such date, including adjustments to reflect any deferrals and
contributions, notional transfers between Investment Funds, and notional gains, losses, expenses, appreciation, or depreciation with respect to such Accounts since the previous Valuation Date. The “value” of an Investment Fund at any
Valuation Date may be based on the fair market value of the Investment Fund, as determined by the Administrator in its sole discretion. 
  

	 	6.3	Accounting Methods 

 The accounting methods or formulae to be used under the Plan for
purposes of monitoring Participants’ Accounts, including the calculation and crediting of notional gains, losses, expenses, appreciation, or depreciation, shall be determined by the Administrator in its sole discretion. The accounting methods
or formulae selected by the Administrator may be revised from time to time. 
  

	 	6.4	Statement of Account 

 At such times and in such manner as determined by the
Administrator, but at least annually, each Participant will be furnished with a statement reflecting the condition of his Accounts. 

  
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 SECTION 7 VESTING 

A Participant shall be fully vested at all times in his Compensation Deferral Account (if applicable). A Participant shall be vested in his
Matching Contributions and/or Employer Contributions (if applicable), in accordance with the vesting schedule elected by the Employer under the Adoption Agreement. Vesting Years of Service shall be determined in accordance with the election made by
the Employer in the Adoption Agreement. Amounts in a Participant’s Accounts that are not vested upon the Participant’s Termination Date (“forfeitures”) may be used to reinstate amounts previously forfeited by other Participants
who are subsequently rehired, or may be returned to the Employer, in the discretion of the Employer or the Administrator. 
 If a
Participant has a Termination Date with the Employer as a result of the Participant’s Misconduct (as defined by the Employer in the Adoption Agreement), or if the Participant engages in Competition with the Employer (as defined by the Employer
in the Adoption Agreement), and the Employer has so elected in the Adoption Agreement, the Participant shall forfeit all amounts allocated to his or her Matching Contribution Account and/or Employer Contribution Accounts (if applicable). Such
forfeitures shall be returned to the Employer. 
 Neither the Administrator nor the Employer in any way guarantee the Participant’s
Account balance from loss or depreciation. Notwithstanding any provision of the Plan to the contrary, the Participant’s Account balance is subject to Section 8. 

Vesting Years of Service in the event of the rehire of a Participant shall be reinstated, and amounts previously forfeited by such
Participants may be reinstated from forfeitures made by other Participants, or may be reinstated by the Employer. 

  
 - 17 - 

 SECTION 8 FUNDING 

No Participant or other person shall acquire by reason of the Plan any right in or title to any assets, funds, or property of the Employer
whatsoever, including, without limiting the generality of the foregoing, any specific funds, assets, or other property of the Employer. Benefits under the Plan are unfunded and unsecured. A Participant shall have only an unfunded, unsecured right to
the amounts, if any, payable hereunder to that Participant. The Employer’s obligations under this Plan are not secured or funded in any manner, even if the Employer elects to establish a trust with respect to the Plan. Even though benefits
provided under the Plan are not funded, the Employer may establish a trust to assist in the payment of benefits. All investments under this Plan are notional and do not obligate the Employer (or its delegates) to invest the assets of the Employer or
of any such trust in a similar manner. 

  
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 SECTION 9 DISTRIBUTION OF ACCOUNTS 

 

	 	9.1	Distribution of Accounts 

 With respect to any Participant who has a Termination Date, an
amount equal to the Participant’s vested Account balances shall be distributed to the Participant (or, in the case of the Participant’s death, to the Participant’s Beneficiary), in the form of a single lump sum payment, or, if
subsection 9.2 applies, in the form of installment payments as designated by the Employer in the Adoption Agreement and as elected by the Participant in the Deferral Election for the Plan Year to which such amounts relate. Subject to subsection 9.3
hereof, distribution of a Participant’s Accounts shall be made or begin within the 90-day period following the Participant’s Termination Date, or if elected by the Participant in the Deferral Election for the Plan Year to which any such
amounts relate, up to 5 years following the Participant’s Termination Date (provided, however, that if calculation of the amount of the payment is not administratively practicable due to events beyond the control of the Participant, the payment
will be made as soon as administratively practicable for the Administrator to make such payment). Notwithstanding any provision of the Plan to the contrary, for purposes of this subsection, a Participant’s Accounts shall be valued as of a
Valuation Date as soon as administratively feasible preceding the date such distribution is made, in accordance with rules established by the Administrator. A Participant’s Accounts may be offset by any amounts owed by the Participant to the
Employer, but such offset shall not occur in excess of or prior to the date distribution of the amount would otherwise be made to the Participant, and shall only be made if such offset complies with Code Section 409A. 

Notwithstanding the foregoing, to the extent designated by the Employer in the Adoption Agreement, a Participant may elect, in accordance with
this subsection, a distribution date for his Compensation Deferral Accounts and/or his Employer Contributions and Matching Contributions Accounts that is prior to his Termination Date (an “In-Service Distribution”). A Participant’s
election of an In-Service Distribution date must: (i) be made at the time of his Deferral Election for a Plan Year; and (ii) apply only to amounts deferred pursuant to that election, and any earnings, gains, losses, appreciation, and
depreciation credited thereto or debited therefrom with respect to such amounts. To the extent permitted by the Employer, a Participant may elect an In-Service Distribution date with respect to Performance-Based Bonus Deferrals that is separate from
an In-Service Distribution date with respect to Compensation Deferrals other than Performance-Based Bonus Deferrals for the same year, provided that the applicable In-Service Distribution date may not be earlier than the number of years designated
by the Employer in the Adoption Agreement following the year in which the applicable Compensation would have been paid absent the deferral, or as further determined or limited in accordance with rules established by the Administrator. Payments made
pursuant to an In-Service Distribution election shall be made in a lump sum (or, if elected by the Employer in the Adoption Agreement, any applicable other form of payment to the extent permitted by the Employer and elected by the Participant in
accordance with the terms of the Plan). Each such payment shall be made as soon as administratively feasible following January 1 of the calendar year in which the payment was elected to be made, but in no event later than the end of the
calendar year in which the payment was elected to be made (provided, however, that if 

  
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calculation of the amount of the payment is not administratively practicable due to events beyond the control of the Participant, the payment will be made as soon as administratively practicable
for the Administrator to make such payment). For purposes of such payment, the value of the Participant’s Accounts for the applicable Plan Year shall be determined as of a Valuation Date preceding the date that such distribution is made, in
accordance with rules established by the Administrator. In the event a Participant’s Termination Date occurs (or, if elected by the Employer in the Adoption Agreement, in the event a Change in Control of the Employer occurs) prior to the date
the Participant had previously elected to have any In-Service Distribution payment (including any installment payment) made to him, such amount shall be paid to the Participant under the rules applicable for payment on Termination of Employment in
accordance with this subsection 9.1 and subsection 9.2. Participants must make an affirmative election with respect to payment of their In-Service Distributions, and no default or evergreen election shall be allowed with respect to In-Service
Distributions. 
 To the extent elected by the Employer in the Adoption Agreement, Participants whose Termination Date has not yet occurred
may elect to defer payment of any In-Service Distribution, provided that such election is made in accordance with procedures established by the Administrator, and further provided that any such election must be made no later than 12 calendar months
prior to the previously elected In-Service Distribution Date (which for these purposes shall be January 1 of the calendar year in which the payment was elected to be made). Participants may elect any deferred payment date, but such date must be
no fewer than five years from the previously elected In-Service Distribution Date (which for these purposes shall be January 1 of the calendar year in which the payment was elected to be made). 

 

	 	9.2	Installment Distributions 

 To the extent elected by the Employer in the Adoption
Agreement, a Participant may elect to receive payments from his Accounts in the form of a single lump sum, as described in Section 9.1, or in annual installments over a period elected by the Employer in the Adoption Agreement. To the extent a
Participant fails to make an election, the Participant shall be deemed to have elected to receive his distribution of amounts deferred under the Plan for that Plan Year in the form of a single lump sum. To the extent elected by the Employer in the
Adoption Agreement, a Participant may make a separate election with respect to his Performance-Based Bonus Deferrals for each Plan Year (as adjusted for gains and losses thereon) that provides for a different method of distribution from the method
of distribution he elects with respect to his Compensation Deferrals (as adjusted for gains and losses thereon) for that Plan Year. The Participant’s Employer Contributions Account attributable to such year, if any (as adjusted for gains and
losses thereon), shall be distributed in the same manner as his Compensation Deferral Account for such year (or in a lump sum upon his Termination Date if no election has been made). 

 

	 	(a)	Installment Elections. A Participant will be required to make his distribution election for amounts deferred under the Plan with respect to such Plan Year prior to the commencement of each Plan Year (or, in the
event of an election with respect to Performance-Based Bonuses, prior to six months before the end of the applicable performance period), or such earlier date as determined by the Administrator. 

  
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	 	(b)	Installment Payments. The first installment payment shall generally be within the 90-day period following the Participant’s Termination Date (provided, however, that if calculation of the amount of the
payment is not administratively practicable due to events beyond the control of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such payment). Succeeding payments shall generally be
made by January 1 of each succeeding calendar year, but in no event later than the end of each succeeding calendar year (provided, however, that if calculation of the amount of the payment is not administratively practicable due to events
beyond the control of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such payment). The amount to be distributed in each installment payment shall be determined by dividing the value
of the Participant’s Accounts being paid in installments as of a Valuation Date preceding the date of each distribution by the number of installment payments remaining to be made, in accordance with rules established by the Administrator. In
the event of the death of the Participant prior to the full payment of his Accounts being paid in installments, payments will continue to be made to his Beneficiary in the same manner and at the same time as would have been payable to the
Participant. 

 To the extent elected by the Employer in the Adoption Agreement, Participants who have elected payment in
installments may make a subsequent election to elect payment of that amount in the form of a lump sum, if payment of installments with respect to that year’s deferrals has not yet commenced. Such election must be made in accordance with
procedures established by the Administrator, and any such election must be made no later than 12 calendar months prior to the originally elected payment date of the first installment. The new payment date for the installment with respect to which
such election is made must be deferred to the later of: (i) five years from the date such payment would otherwise have been made, or (ii) the last payment date of the last installment with respect to that Plan Year’s deferrals. To the
extent elected by the Employer in the Adoption Agreement, Participants who have elected payment in installments may make a subsequent election to change the number of such installment payments so long as no acceleration of distribution payments
occurs (but no fewer than the minimum number, and not to exceed the maximum number of installments elected by the Employer in the Adoption Agreement), if payment of installments with respect to that Plan Year’s Deferral Elections has not yet
commenced. Such election must be made in accordance with procedures established by the Administrator, and any such election must be made no later than 12 calendar months prior to the originally elected payment date of the first installment. The new
payment date for any installment with respect to which such election is made must be deferred for a period of not less than five years from the date such payment would otherwise have been made. In the event payment has been elected by the
Participant in the form of installments (to the extent elected by the Employer in the Adoption Agreement), each installment payment shall be considered a separately identifiable payment. In the event payment has been elected by the Participant in
the form of a lump sum (or in the event payment shall be made to the Participant in the form of a 

  
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lump sum under the terms of the Plan in the absence of or in lieu of the Participant’s election), then the lump sum form shall be deemed to be a separately identifiable form of payment, and
the Participant may make a subsequent deferral election to elect payment of that amount in the form of installments (to the extent elected by the Employer in the Adoption Agreement) in accordance with the procedures described above for changing
installment payment elections. Participants will be permitted to make such a change only once with respect to any year’s Deferral Elections. 
  

	 	9.3	Key Employees 

 Notwithstanding anything herein to the contrary, and subject to Code
Section 409A, except in the case of the Participant’s death, payment under the Plan shall not be made or commence as a result of the Participant’s Termination Date to any Participant who is a key employee (defined below) before the
date that is not less than six months after the Participant’s Termination Date. For this purpose, a key employee includes a “specified employee” (as defined in Treasury Regulation Section 1.409A-1(i)) during the entire 12-month period determined by the Administrator ending with the annual date upon which key employees are identified by the Administrator, and also including any Employee identified by the Administrator in good faith
with respect to any distribution as belonging to the group of identified key employees, to a maximum of 200 such key employees, regardless of whether such Employee is subsequently determined by the Employer, any governmental agency, or a court not
to be a key employee. In the event amounts are payable to a key employee in installments in accordance with subsection 9.2, the first installment shall be delayed by six months, with all other installment payments payable as originally scheduled. To
the extent not otherwise designated by the Employer in a separate document forming a part of the Plan applicable to all its nonqualified deferred compensation plans, the identification date for determining the Employer’s key employees is each
December 31 (and the new key employee list is updated and effective each subsequent April 1). To the extent not otherwise designated by the Employer in a separate document forming a part of the Plan, the definition of compensation used to
determine key employee status shall be determined under Treasury Regulation Section 1.415(c)-2(a). This subsection 9.3 is applicable only with respect to Employers whose stock is publicly traded on an “established securities market”
(as defined in Treasury Regulation Section 1.409A-1(k)), and is not applicable to privately held Employers unless and until such Employers become publicly traded as defined in the Treasury regulations. 

 

	 	9.4	Mandatory Cash-Outs of Small Amounts 

 If the value of a Participant’s total
Accounts at his Termination Date (or his death or other applicable distribution date), or at any time thereafter, together with the value of the Participant’s accounts under any other account balance plan maintained by the Employer or any
member of the Employer’s controlled group (as defined in subsections 414(b) and (c) of the Code) is equal to or less than such amount as stated in the Adoption Agreement (which amount shall not exceed the limit described in
Section 402(g) of the Code from time to time), the Accounts will be paid to the Participant (or, in the event of his death, his Beneficiary) in a single lump sum, notwithstanding any election by the Participant otherwise. Payments made under
this subsection 9.4 on account of the Participant’s Termination Date shall be made within the 90-day 

  
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period following the Participant’s Termination Date (provided, however, that if calculation of the amount of the payment is not administratively practicable due to events beyond the control
of the Participant, the payment will be made as soon as administratively practicable for the Administrator to make such payment). 
  

	 	9.5	Designation of Beneficiary 

 Each Participant from time to time may designate any
individual, trust, charity or other person or persons to whom the value of the Participant’s Accounts (plus any applicable Survivor Benefit, if elected by the Employer in the Adoption Agreement) will be paid in the event the Participant dies
before receiving the value of all of his Accounts. A Beneficiary designation must be made in the manner required by the Administrator for this purpose. Primary and secondary Beneficiaries are permitted. A married participant designating a
Beneficiary other than his Spouse must obtain the consent of his Spouse to such designation (in accordance with rules determined by the Administrator). Payments to the Participant’s Beneficiary(ies) shall be made in accordance with subsection
9.1, 9.2 or 9.4, as applicable, after the Administrator has received proper notification of the Participant’s death. 
 A Beneficiary
designation will be effective only when the Beneficiary designation is filed with the Administrator while the Participant is alive, and a subsequent Beneficiary designation will cancel all of the Participant’s Beneficiary designations
previously filed with the Administrator. Any designation or revocation of a Beneficiary shall be effective as only if it is received by the Administrator. Once received, such designation shall be effective as of the date the designation was
executed, but without prejudice to the Administrator on account of any payment made before the change is recorded by the Administrator. If a Beneficiary dies before payment of the Participant’s Accounts have been made, the Participant’s
Accounts shall be distributed in accordance with the Participant’s Beneficiary designation and pursuant to rules established by the Administrator. If a deceased Participant failed to designate a Beneficiary, or if the designated Beneficiary
predeceases the Participant, the value of the Participant’s Accounts shall be payable to the Participant’s Spouse or, if there is none, to the Participant’s estate, or in accordance with such other equitable procedures as determined
by the Administrator. 
  

	 	9.6	Reemployment 

 If a former Participant is rehired by an Employer, or any affiliate or
subsidiary of the Employer described in Section 414(b) and (c) of the Code and Treasury Regulation Section 1.409A-1(h), regardless of whether he is rehired as an Eligible Individual (with respect to an Employee Participant), or a
former Participant returns to service as a Board member, any payments being made to such Participant hereunder by virtue of his previous Termination Date shall continue to be made to him without regard to such rehire. If a former Participant is
rehired by the Employer (with respect to an Employee Participant) or returns to service as a Board member, and in either case any payments to be made to the Participant by virtue of his previous Termination Date have not been made or commenced, any
payments being made to such Participant hereunder by virtue of his previous Termination Date shall continue to be made to him without regard to such rehire or return to service. See subsections 4.1 and 4.2 of the Plan for special rules applicable to
deferral elections for rehired or Re-Eligible Participants. 

  
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	 	9.7	Special Distribution Rules 

 Except as otherwise provided herein and in Section 12,
Account balances of Participants in this Plan shall not be distributed earlier than the applicable date or dates described in this Section 9. Notwithstanding the foregoing, in the case of payments: (i) the deduction for which would be
limited or eliminated by the application of Section 162(m) of the Code; (ii) that would violate securities or other applicable laws; or (iii) that would jeopardize the ability of the Employer to continue as a going concern in
accordance with Code Section 409A and the regulations thereunder, deferral of such payments on a reasonably consistent basis for similarly situated Participants may be made by the Employer at the Employer’s discretion. In the case of a
payment described in (i) above, the payment must be deferred either to a date in the first year in which the Employer or Administrator reasonably anticipates that a payment of such amount would not result in a limitation of a deduction with
respect to the payment of such amount under Section 162(m), or the year in which the Participant’s Termination Date occurs. In the case of a payment described in (ii) or (iii) above, payment will be made at the earliest date in
the first taxable year of the Employer in which the Employer or Administrator reasonably anticipates that the payment would not jeopardize the ability of the Employer to continue as a going concern in accordance with Code Section 409A and the
regulations thereunder, or the payment would not result in a violation of securities or other applicable laws. Payments intended to pay employment taxes or payments made as a result of income inclusion of an amount in a Participant’s Accounts
as a result of a failure to satisfy Section 409A of the Code shall be permitted at the Employer or Administrator’s discretion at any time and to the extent provided in Treasury Regulations under Section 409A of the Code and IRS Notice
2005-1, Q&A-15, and any applicable subsequent guidance. “Employment taxes” shall include Federal Insurance Contributions Act (FICA) tax imposed under Sections 3101, 3121(a) and 3121(v)(2) of the Code on compensation deferred under the
Plan (the “FICA Amount”), the income tax imposed under Section 3401 of the Code or corresponding provisions of applicable state, local or foreign tax laws on the FICA Amount, and to pay the additional income tax under
Section 3401 of the Code or corresponding provisions of applicable state, local or foreign tax laws attributable to the pyramiding Section 3401 wages and taxes. A distribution may be accelerated as may be necessary to comply with certain
conflict of interest rules in accordance with Treasury Regulation Section 1.40j9A-3(j)(4)(iii). With respect to a subchapter S corporation, a distribution may be accelerated to avoid a nonallocation year under Code Section 409(p) in the
discretion of the Employer or Administrator, provided that the amount distributed does not exceed 125 percent of the minimum amount of distribution necessary to avoid the occurrence of a nonallocation year, in accordance with Treasury Regulation
Section 1.409A-3(j)(4)(x). 
  

	 	9.8	Distribution on Account of Unforeseeable Emergency 

 If elected by the Employer in the
Adoption Agreement, if a Participant or Beneficiary incurs a severe financial hardship of the type described below, he may request an Unforeseeable Emergency Withdrawal, provided that the withdrawal is necessary in light of severe financial needs of
the Participant. To the extent elected by the Employer in the Adoption Agreement, the ability to apply for an Unforeseeable Emergency Withdrawal may be restricted to Participants whose Termination Date has not yet occurred. Such a withdrawal shall
not exceed the amount 

  
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required (including anticipated taxes on the withdrawal) to meet the severe financial need and not reasonably available from other resources of the Participant (including reimbursement or
compensation by insurance, cessation of deferrals under this Plan for the remainder of the Plan Year, and liquidation of the Participant’s assets, to the extent liquidation itself would not cause severe financial hardship; provided, however,
that the Participant is not required to take into account for these purposes any available distribution or loan from a qualified plan or another nonqualified deferred compensation plan). Each such withdrawal election shall be made at such time and
in such manner as the Administrator shall determine, and shall be effective in accordance with such rules as the Administrator shall establish and publish from time to time. Severe financial needs are limited to amounts necessary for: 

 

	 	(a)	A sudden unexpected illness or accident incurred by the Participant, his Spouse, Beneficiary under the Plan, or dependents (as defined in Code Section 152(a)). 

 

	 	(b)	Uninsured casualty loss pertaining to property owned by the Participant. 

  

	 	(c)	Other similar extraordinary and unforeseeable circumstances involving an uninsured loss arising from an event outside the control of the Participant. 

Withdrawals of amounts under this subsection shall be paid to the Participant in a lump sum as soon as administratively feasible following receipt of the
appropriate forms and information required by and acceptable to the Administrator. 
  

	 	9.9	Distribution Upon Change in Control 

 In the event of the occurrence of a Change in
Control of the Employer or a member of the Employer’s controlled group (as designated by the Employer in the Adoption Agreement) to the extent permitted under Section 409A of the Code and the regulations and other guidance thereunder,
distributions shall be made to Participants to the extent elected by the Employer in the Adoption Agreement, in the form elected by the Participants as if a Termination Date had occurred with respect to each Participant, or as otherwise specified by
the Employer in the Adoption Agreement. The Change in Control shall relate to: (i) the corporation for whom the Participant is performing services at the time of the Change in Control event; (ii) the corporation that is liable for the
payment from the Plan to the Participant (or all corporations so liable if more than one corporation is liable); (iii) a corporation that is a majority shareholder of a corporation described in (i) or (ii) above; or (iv) any
corporation in a chain of corporations in which each such corporation is a majority shareholder of another corporation in the chain, ending in a corporation described in (i) or (ii) above, as elected by the Employer in the Adoption
Agreement. A “majority shareholder” for these purposes is a shareholder owning more than 50% of the total fair market value and total voting power of such corporation. Attribution rules described in section 318(a) of the Code apply to
determine stock ownership. Stock underlying a vested option is considered owned by the individual who holds the vested option. Notwithstanding the foregoing, if a vested option is exercisable for stock that is not substantially vested (as defined in
section 1.83-3(b) and (j) of the Code), the stock underlying the option is not treated as owned by the individual who holds the option. If plan payments are made on account of a Change in Control and are calculated by reference to the value of
the Employer’s stock, such payments 

  
 - 25 - 

 
shall be completed not later than 5 years after the Change in Control event. To the extent designated by the Employer in the Adoption Agreement, the Change in Control shall occur upon the date
that: (v) a person or “Group” (as defined in Treasury Regulation Sections 1.409A-3(i)(5)(v)(B) and (vi)(D)) acquires more than 50% of the total fair market value or voting power of stock of the corporation designated in
(i) through (iv) above; (vi) a person or Group acquires ownership (“effective control”) of stock of the corporation with at least 30% of the total voting power of the corporation designated in (i) through
(iv) above and as further limited by Treasury Regulation Section 1.409A-3(i)(5)(vi)); (vii) a majority of the board of directors of any corporation designated in (i) through (iv) above in which no other corporation is a
majority shareholder is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the board as constituted prior to the appointment or election; or (viii) a person or Group acquires assets
from the corporation designated in (i) through (iv) above having a total fair market value of at least 40% of the value of all assets of the corporation immediately prior to such acquisition; as designated by the Employer in the Adoption
Agreement. For purposes of (vi) above, if any one person, or more than one person acting as a Group, is considered to own more than 50 percent of the total fair market value or total voting power of the stock of a corporation, the acquisition
of additional stock by the same person or persons is not considered to cause a change in the ownership of the corporation (or to cause a change in the effective control of the corporation under (vi) above). An increase in the percentage of
stock owned by any one person, or persons acting as a Group, as a result of a transaction in which the corporation acquires its stock in exchange for property will be treated as an acquisition of stock for purposes of this subsection. For purposes
of (v) through (viii) above, a Change in Control shall be further limited in accordance with Treasury Regulation Sections 1.409A-3(i)(5)(v), (vi) and (vii). Distributions under this subsection shall be made as soon as administratively
feasible following such Change in Control. 
  

	 	9.10	Supplemental Survivor Death Benefit 

 A supplemental survivor death benefit shall be
paid to the Beneficiary of an eligible Participant who has satisfied the following criteria prior to his death: 
  

	 	(a)	The Participant is eligible to participate in the Plan and, at the time of his death, had a current Account balance (regardless of whether or not the Participant actually was making Compensation Deferrals at the time of
his death); 

  

	 	(b)	The Participant was an active Employee with the Employer at the time of his death; 

  

	 	(c)	The Participant completed and submitted an insurance application to the Administrator; and 

  

	 	(d)	The Employer subsequently purchased an insurance policy on the life of the Participant, with a death benefit payable, which policy is in effect at the time of the Participant’s death. 

  
 - 26 - 

 Notwithstanding any provision of this Plan or any other document to the contrary, the supplemental survivor death
benefit payable pursuant to this Subsection 9.10 shall be paid only if an insurance policy has been issued on the Participant’s life and such policy is in force at the time of the Participant’s death and the Employer shall have no
obligation with respect to the payment of the supplemental survivor death benefit, or to maintain an insurance policy for any Participants. 

  
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 SECTION 10 GENERAL PROVISIONS 

 

	 	10.1	Interests Not Transferable 

 The interests of persons entitled to benefits under the Plan
are not subject to their debts or other obligations and, except as may be required by the tax withholding provisions of the Code or any state’s income tax act, may not be voluntarily or involuntarily sold, transferred, alienated, assigned, or
encumbered; provided, however, that a Participant’s interest in the Plan may be transferable pursuant to a qualified domestic relations order, as defined in Section 414(p) of the Code to the extent designated by the Employer in the
Adoption Agreement. 
  

	 	10.2	Employment Rights 

 The Plan does not constitute a contract of employment, and
participation in the Plan shall not give any Employee the right to be retained in the employ of an Employer, nor any right or claim to any benefit under the Plan, unless such right or claim has specifically accrued under the terms of the Plan. The
Employer expressly reserves the right to discharge any Employee at any time. 
  

	 	10.3	Litigation by Participants or Other Persons 

 If a legal action begun against the
Administrator (or any member or former member thereof), an Employer, or any person or persons to whom an Employer or the Administrator has delegated all or part of its duties hereunder, by or on behalf of any person results adversely to that person,
or if a legal action arises because of conflicting claims to a Participant’s or other person’s benefits, the cost to the Administrator (or any member or former member thereof), the Employer or any person or persons to whom the Employer or
the Administrator has delegated all or part of its duties hereunder of defending the action may be charged to the extent permitted by law to the sums, if any, which were involved in the action or were payable to the Participant or other person
concerned. 
  

	 	10.4	Indemnification 

 To the extent permitted by law, the Employer shall indemnify each
member of the Administrator committee, and any other employee or member of the Board with duties under the Plan, against losses and expenses (including any amount paid in settlement) reasonably incurred by such person in connection with any claims
against such person by reason of such person’s conduct in the performance of duties under the Plan, except in relation to matters as to which such person has acted fraudulently or in bad faith in the performance of duties. Notwithstanding the
foregoing, the Employer shall not indemnify any person for any expense incurred through any settlement or compromise of any action unless the Employer consents in writing to the settlement or compromise. 

  
 - 28 - 

	 	10.5	Evidence 

 Evidence required of anyone under the Plan may be by certificate, affidavit,
document, or other information which the person acting on it considers pertinent and reliable, and signed, made, or presented by the proper party or parties. 
  

	 	10.6	Waiver of Notice 

 Any notice required under the Plan may be waived by the person
entitled to such notice. 
  

	 	10.7	Controlling Law 

 Except to the extent superseded by laws of the United States, the laws
of the state indicated by the Employer in the Adoption Agreement shall be controlling in all matters relating to the Plan. 
  

	 	10.8	Statutory References 

 Any reference in the Plan to a Code section or a section of ERISA,
or to a section of any other Federal law, shall include any comparable section or sections of any future legislation that amends, supplements, or supersedes that section. 
  

	 	10.9	Severability 

 In case any provision of the Plan shall be held illegal or invalid for any
reason, such illegality or invalidity shall not affect the remaining provisions of the Plan, and the Plan shall be construed and enforced as if such illegal and invalid provision had never been set forth in the Plan. 

 

	 	10.10	Action By the Employer or the Administrator 

 Any action required or permitted to be
taken by the Employer under the Plan shall be by resolution of its Board of Directors (which term shall include any similar governing body for any Employer that is not a corporation), by resolution or other action of a duly authorized committee of
its Board of Directors, or by action of a person or persons authorized by resolution of its Board of Directors or such committee. Any action required or permitted to be taken by the Administrator under the Plan shall be by resolution or other action
of the Administrator or by a person or persons duly authorized by the Administrator. 
  

	 	10.11	Headings and Captions 

 The headings and captions contained in this Plan are inserted
only as a matter of convenience and for reference, and in no way define, limit, enlarge, or describe the scope or intent of the Plan, nor in any way shall affect the construction of any provision of the Plan. 

  
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	 	10.12	Gender and Number 

 Where the context permits, words in the masculine gender shall
include the feminine and neuter genders, the singular shall include the plural, and the plural shall include the singular. 
  

	 	10.13	Examination of Documents 

 Copies of the Plan and any amendments thereto are on file at
the office of the Employer where they may be examined by any Participant or other person entitled to benefits under the Plan during normal business hours. 
  

	 	10.14	Elections 

 Each election or request required or permitted to be made by a Participant
(or a Participant’s Spouse or Beneficiary) shall be made in accordance with the rules and procedures established by the Employer or Administrator and shall be effective as determined by the Administrator. The Administrator’s rules and
procedures may address, among other things, the method and timing of any elections or requests required or permitted to be made by a Participant (or a Participant’s Spouse or Beneficiary). All elections under the Plan shall comply with the
requirements of the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended (“USERRA”). 
  

	 	10.15	Manner of Delivery 

 Each notice or statement provided to a Participant shall be
delivered in any manner established by the Administrator and in accordance with applicable law, including, but not limited to, electronic delivery. 
  

	 	10.16	Facility of Payment 

 When a person entitled to benefits under the Plan is a minor, under
legal disability, or is in any way incapacitated so as to be unable to manage his financial affairs, the Administrator may cause the benefits to be paid to such person’s guardian or legal representative. If no guardian or legal representative
has been appointed, or if the Administrator so determines in its sole discretion, payment may be made to any person as custodian for such individual under any applicable state law, or to the legal representative of such person for such person’s
benefit, or the Administrator may direct the application of such benefits for the benefit of such person. Any payment made in accordance with the preceding sentence shall be a full and complete discharge of any liability for such payment under the
Plan. 
  

	 	10.17	Missing Persons 

 The Employer and the Administrator shall not be required to search for
or locate a Participant, Spouse, or Beneficiary. Each Participant, Spouse, and Beneficiary must file with the Administrator, from time to time, in writing the Participant’s, Spouse’s, or Beneficiary’s post office address and each
change of post office address. Any communication, statement, or notice 

  
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addressed to a Participant, Spouse, or Beneficiary at the last post office address filed with the Administrator, or if no address is filed with the Administrator, then in the case of a
Participant, at the Participant’s last post office address as shown on the Employer’s records, shall be considered a notification for purposes of the Plan and shall be binding on the Participant and the Participant’s Spouse and
Beneficiary for all purposes of the Plan. 
 If the Administrator is unable to locate the Participant, Spouse, or Beneficiary to whom a
Participant’s Accounts are payable, the Participant’s Accounts shall be frozen as of the date on which distribution would have been completed under the terms of the Plan, and no further notional investment returns shall be credited
thereto. 
 If a Participant whose Accounts were frozen (or his Beneficiary) files a claim for distribution of the Accounts within 7 years
after the date the Accounts are frozen, and if the Administrator or Employer determines that such claim is valid, then the frozen balance that has become payable shall be paid by the Employer to the Participant or Beneficiary in a lump sum cash
payment as soon as practicable thereafter. If the Administrator notifies a Participant, Spouse, or Beneficiary of the provisions of this Subsection, and the Participant, Spouse, or Beneficiary fails to claim the Participant’s, Spouse’s, or
Beneficiary’s benefits or make such person’s whereabouts known to the Administrator within 7 years after the date the Accounts are frozen, the benefits of the Participant, Spouse, or Beneficiary may be disposed of, to the extent permitted
by applicable law, by one or more of the following methods: 
  

	 	(a)	By retaining such benefits in the Plan. 

  

	 	(b)	By paying such benefits to a court of competent jurisdiction for judicial determination of the right thereto. 

  

	 	(c)	By forfeiting such benefits in accordance with procedures established by the Administrator. If a Participant, Spouse, or Beneficiary is subsequently located, such benefits may be restored (without adjustment) to the
Participant, Spouse, or Beneficiary under the Plan. 

  

	 	(d)	By any equitable manner permitted by law under rules adopted by the Administrator. 

  

	 	10.18	Recovery of Benefits 

 In the event a Participant, Spouse, or Beneficiary receives a
benefit payment from the Plan that is in excess of the benefit payment that should have been made to such Participant, Spouse, or Beneficiary, or in the event a person other than a Participant, Spouse, or Beneficiary receives an erroneous payment
from the Plan, the Administrator or Employer shall have the right, on behalf of the Plan, to recover the amount of the excess or erroneous payment from the recipient. To the extent permitted under applicable law, the Administrator or Employer may,
at its option, deduct the amount of such excess or erroneous payment from any future benefits payable to the applicable Participant, Spouse, or Beneficiary. 

  
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	 	10.19	Effect on Other Benefits 

 Except as otherwise specifically provided under the terms of
any other employee benefit plan of the Employer, a Participant’s participation in this Plan shall not affect the benefits provided under such other employee benefit plan. 

 

	 	10.20	Tax and Legal Effects 

 The Employer, the Administrator, and their representatives and
delegates do not in any way guarantee the tax treatment of benefits for any Participant, Spouse, or Beneficiary, and the Employer, the Administrator, and their representatives and delegates do not in any way guarantee or assume any responsibility or
liability for the legal, tax, or other implications or effects of the Plan. In the event of any legal, tax, or other change that may affect the Plan, the Employer may, in its sole discretion, take any actions it deems necessary or desirable as a
result of such change. 

  
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 SECTION 11 THE ADMINISTRATOR 

 

	 	11.1	Information Required by Administrator 

 Each person entitled to benefits under the Plan
must file with the Administrator from time to time in writing such person’s mailing address and each change of mailing address. Any communication, statement, or notice addressed to any person at the last address filed with the Administrator
will be binding upon such person for all purposes of the Plan. Each person entitled to benefits under the Plan also shall furnish the Administrator with such documents, evidence, data, or information as the Administrator considers necessary or
desirable for the purposes of administering the Plan. The Employer shall furnish the Administrator with such data and information as the Administrator may deem necessary or desirable in order to administer the Plan. The records of the Employer as to
an Employee’s or Participant’s period of employment or membership on the Board, termination of employment or membership and the reason therefor, leave of absence, reemployment, and Compensation will be conclusive on all persons unless
determined to the Administrator’s or Employer’s satisfaction to be incorrect. 
  

	 	11.2	Uniform Application of Rules 

 The Administrator shall administer the Plan on a
reasonable basis. Any rules, procedures, or regulations established by the Administrator shall be applied uniformly to all persons similarly situated. 
  

	 	11.3	Review of Benefit Determinations 

 Benefits will be paid to Participants and their
beneficiaries without the necessity of formal claims. Participants or their beneficiaries, however, may make a written request to the Administrator for any Plan benefits to which they may be entitled. Participants’ written request for Plan
benefits will be considered a claim for Plan benefits, and will be subject to a full and fair review. If the claim is wholly or partially denied, the Administrator will furnish the claimant with a written notice of this denial. This written notice
will be provided to the claimant within 90 days after the receipt of the claim by the Administrator. If notice of the denial of a claim is not furnished to the claimant in accordance with the above within 90 days, the claim will be deemed denied.
The claimant will then be permitted to proceed to the review stage described in the following paragraphs. 
 Upon the denial of the claim
for benefits, the claimant may file a claim for review, in writing, with the Administrator. The claim for review must be filed no later than 60 days after the claimant has received written notification of the denial of the claim for benefits or, if
no written denial of the claim was provided, no later than 60 days after the deemed denial of the claim. The claimant may review all pertinent documents relating to the denial of the claim and submit any issues and comments, in writing, to the
Administrator. If the claim is denied, the Administrator must provide the claimant with written notice of this denial within 60 days after the Administrator’s receipt of the claimant’s written claim for review. The Administrator’s
decision on the claim for review will be communicated to the claimant in writing and will include specific references to the pertinent Plan provisions on which the decision was based. If 

  
 - 33 - 

 
the Administrator’s decision on review is not furnished to the claimant within the time limitations described above, the claim will be deemed denied on review. If the claim for Plan benefits
is finally denied by the Administrator (or deemed denied), then the claimant may bring suit in federal court. The claimant may not commence a suit in a court of law or equity for benefits under the Plan until the Plan’s claim process and appeal
rights have been exhausted and the Plan benefits requested in that appeal have been denied in whole or in part. However, the claimant may only bring a suit in court if it is filed within 90 days after the date of the final denial of the claim by the
Administrator. 
 With respect to claims for benefits payable as a result of a Participant being determined to be disabled, the
Administrator will provide the claimant with notice of the status of his claim for disability benefits under the Plan within a reasonable period of time after a complete claim has been filed, but no later than 45 days after receipt of the claim for
benefits. The Administrator may request an additional 30-day extension if special circumstances warrant by notifying the claimant of the extension before the expiration of the initial 45-day period. If a decision still cannot be made within this
30-day extension period due to circumstances outside the Plan’s control, the time period may be extended for an additional 30 days, in which case the claimant will be notified before the expiration of the original 30-day extension. 

If the claimant has not submitted sufficient information to the Administrator to process his disability benefit claim, he will be notified of
the incomplete claim and given 45 days to submit additional information. This will extend the time in which the Administrator has to respond to the claim from the date the notice of insufficient information is sent to the claimant until the date the
claimant responds to the request. If the claimant does not submit the requested missing information to the Administrator within 45 days of the date of the request, the claim will be denied. 

If a disability benefit claim is denied, the claimant will receive a notice which will include: (i) the specific reasons for the denial,
(ii) reference to the specific Plan provisions upon which the decision is based, (iii) a description of any additional information the claimant might be required to provide with an explanation of why it is needed, and (iv) an
explanation of the Plan’s claims review and appeal procedures, and (v) a statement regarding the claimant’s right to bring a civil action under Section 502(a) of ERISA following a denial on appeal. 

The claimant may appeal a denial of a disability benefit claim by filing a written request with the Administrator within 180 days of the
claimant’s receipt of the initial denial notice. In connection with the appeal, the claimant may request that the Plan provide him, free of charge, copies of all documents, records and other information relevant to the claim. The claimant may
also submit written comments, records, documents and other information relevant to his appeal, whether or not such documents were submitted in connection with the initial claim. The Administrator may consult with medical or vocational experts in
connection with deciding the claimant’s claim for benefits. 
 The Administrator will conduct a full and fair review of the documents
and evidence submitted and will ordinarily render a decision on the disability benefit claim no later than 45 days 

  
 - 34 - 

 
after receipt of the request for review on appeal. If there are special circumstances, the decision will be made as soon as possible, but not later than 90 days after receipt of the request for
review on appeal. If such an extension of time is needed, the claimant will be notified in writing prior to the end of the first 45-day period. The Administrator’s final written decision will set forth: (i) the specific reasons for the
decision, (ii) references to the specific Plan provisions on which the decision is based, (iii) a statement that the claimant is entitled to receive, upon request and free of charge, access to and copies of all documents, records and other
information relevant to the benefit claim, and (iv) a statement regarding the claimant’s right to bring a civil action under Section 502(a) of ERISA following a denial on appeal. The Administrator’s decision made in good faith
will be final and binding. 
 The claims procedures set forth in this Section 11.3 are intended to comply with United States Department of Labor
Regulation §2560.503-1 and should be construed in accordance with such regulation. In no event shall it be interpreted as expanding the rights of claimants beyond what is required by United States Department of Labor Regulation
§2560.503-1. The Administrator may at any time alter the claims procedure set forth above, so long as the revised claims procedure complies with ERISA, and the regulations issued thereunder. 

 

	 	11.4	Administrator’s Decision Final 

 Benefits under the Plan will be paid only if the
Administrator decides in its sole discretion that a Participant or Beneficiary (or other claimant) is entitled to them. Subject to applicable law, any interpretation of the provisions of the Plan and any decisions on any matter within the discretion
of the Administrator made by the Administrator or its delegate in good faith shall be binding on all persons. A misstatement or other mistake of fact shall be corrected when it becomes known and the Administrator shall make such adjustment on
account thereof as it considers equitable and practicable. 

  
 - 35 - 

 SECTION 12 AMENDMENT AND TERMINATION 

While the Employer expects and intends to continue the Plan, the Employer and the Administrator each reserve the right to amend the Plan at
any time and for any reason, including the right to amend this Section 12 and the Plan termination rules herein; provided, however, that each Participant will be entitled to the amount credited to his Accounts immediately prior to such
amendment. The power to amend the Plan includes (without limitation) the power to change the Plan provisions regarding eligibility, contributions, notional investments, vesting, and distribution forms, and timing of payments, including changes
applicable to benefits accrued prior to the effective date of any such amendment; provided, however, that amendments to the Plan (other than amendments relating to Plan termination) shall not cause the Plan to provide for acceleration of
distributions in violation of Section 409A of the Code and applicable regulations thereunder. 
 The Employer reserves the right to
terminate the Plan at any time and for any reason; provided, however, that each Participant will be entitled to the amount credited to his Accounts immediately prior to such termination (as adjusted for notional income, losses, expenses,
appreciation and depreciation occurring from the date of such termination until the date of distribution). 
 In the event that the Plan is
terminated pursuant to this Section 12, the balances in affected Participants’ Accounts shall be distributed at the time and in the manner set forth in Section 9. Notwithstanding the foregoing, the Employer and the Administrator
reserve the right to make all such distributions within the second twelve-month period commencing with the date of termination of the Plan; provided, however, that no such distribution will be made during the first twelve-month period following such
date of Plan termination other than those that would otherwise be payable under Section 9 absent the termination of the Plan. In the event of a Plan termination due to a Change in Control of the Employer, distributions shall be made within 12
months of the date of the termination of the Plan. 

  
 - 36 -

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