Document:

EX-4.1

 Exhibit 4.1 

TRUNK CLUB NEWCO, INC. 

2010 EQUITY INCENTIVE PLAN 

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

	 	•	 	to attract and retain the best available personnel for positions of substantial responsibility, 

  

	 	•	 	to provide additional incentive to Employees, Directors and Consultants, and 

  

	 	•	 	to promote the success of the Company’s business. 

 The Plan permits the grant of
Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock and Restricted Stock Units. 
 2.
Definitions. As used herein, the following definitions will apply: 
 (a) “Administrator” means the Board or any of
its Committees as will be administering the Plan, in accordance with Section 4 of the Plan. 
 (b) “Applicable Laws”
means the requirements relating to the administration of equity-based awards under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and
the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan. 
 (c)
“Award” means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, or Restricted Stock Units. 

(d) “Award Agreement” means the written or electronic agreement setting forth the terms and provisions applicable to each
Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan. 
 (e) “Board” means
the Board of Directors of the Company. 
 (f) “Change in Control” means the occurrence of any of the following events: 

(i) Change in Ownership of the Company. A change in the ownership of the Company which occurs on the date that any one person, or more
than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that
any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change in Control; or 

(ii) Change in Effective Control of the Company. If the Company has a class of securities registered pursuant to Section 12 of
the Exchange Act, a change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed by a
majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by
the same Person will not be considered a Change in Control; or 

 (iii) Change in Ownership of a Substantial Portion of the Company’s Assets. A change
in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or
persons) assets from the Company that have a total gross fair market value equal to or more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. For purposes of this
subsection (iii), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 

For purposes of this Section 2(f), persons will be considered to be acting as a group if they are owners of a corporation that enters
into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. 
 Notwithstanding the
foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or
final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time. 

Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose is to change the
jurisdiction of the Company’s incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such
transaction. 
 (g) “Code” means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code
herein will be a reference to any successor or amended section of the Code. 
 (h) “Committee” means a committee of
Directors or of other individuals satisfying Applicable Laws appointed by the Board, or by the compensation committee of the Board, in accordance with Section 4 hereof. 

(i) “Common Stock” means the common stock of the Company. 

(j) “Company” means Trunk Club Newco, Inc., a Delaware corporation, or any successor thereto. 

(k) “Consultant” means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render services
to such entity. 
 (1) “Director” means a member of the Board. 

(m) “Disability” means total and permanent disability as defined in Code Section 22(e)(3), provided that in the case of
Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time.

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

  
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 (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(p) “Exchange Program” means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for
Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or
other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced or increased. The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion.

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

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

(ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of
a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if no bids and asks were reported on that date, as applicable, on the last trading date such bids and asks were reported), as
reported in The Wall Street Journal or such other source as the Administrator deems reliable; or 
 (iii) In the absence of an
established market for the Common Stock, the Fair Market Value will be determined in good faith by the Administrator. 
 (r)
“Incentive Stock Option” means an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock option within the meaning of Code Section 422 and the regulations promulgated thereunder. 

(s) “Nonstatutory Stock Option” means an Option that by its terms does not qualify or is not intended to quality as an
Incentive Stock Option. 
 (t) “Option” means a stock option granted pursuant to the Plan. 

(u) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Code
Section 424(e). 
 (v) “Participant” means the holder of an outstanding Award. 

(w) “Period of Restriction” means the period during which the transfer of Shares of Restricted Stock are subject to
restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the
Administrator. 
 (x) “Plan” means this 2010 Equity Incentive Plan. 

(y) “Restricted Stock” means Shares issued pursuant to an Award of Restricted Stock under Section 8 of the Plan, or issued
pursuant to the early exercise of an Option. 

  
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 (z) “Restricted Stock Unit” means a bookkeeping entry representing an amount
equal to the Fair Market Value of one Share, granted pursuant to Section 9. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 

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

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

(cc) “Stock Appreciation Right” means an Award, granted alone or in connection with an Option, that pursuant to
Section 7 is designated as a Stock Appreciation Right. 
 (dd) “Subsidiary” means a “subsidiary
corporation,” whether now or hereafter existing, as defined in Code Section 424(f). 
 3. Stock Subject to the Plan. 

(a) Stock Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the maximum aggregate number of Shares that
may be subject to Awards and sold under the Plan is 450,000 Shares. The Shares may be authorized but unissued, or reacquired Common Stock. 

(b) Lapsed Awards. If an Award expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to an
Exchange Program, or, with respect to Restricted Stock or Restricted Stock Units, is forfeited to or repurchased by the Company due to the failure to vest, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Rights the
forfeited or repurchased Shares) which were subject thereto will become available for future grant or sale under the Plan (unless the Plan has terminated). With respect to Stock Appreciation Rights, only Shares actually issued pursuant to a Stock
Appreciation Right will cease to be available under the Plan; all remaining Shares under Stock Appreciation Rights will remain available for future grant or sale under the Plan (unless the Plan has terminated). Shares that have actually been issued
under the Plan under any Award will not be returned to the Plan and will not become available for future distribution under the Plan; provided, however, that if Shares issued pursuant to Awards of Restricted Stock or Restricted Stock Units are
repurchased by the Company or are forfeited to the Company due to the failure to vest, such Shares will become available for future grant under the Plan. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations
related to an Award will become available for future grant or sale under the Plan. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for
issuance under the Plan. Notwithstanding the foregoing and, subject to adjustment as provided in Section 13, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number
stated in Section 3(a), plus, to the extent allowable under Code Section 422 and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Section 3(b). 

(c) Share Reserve. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as
will be sufficient to satisfy the requirements of the Plan. 
 4. Administration of the Plan. 

(a) Procedure. 
 (i)
Multiple Administrative Bodies. Different Committees with respect to different groups of Service Providers may administer the Plan. 

(ii) Other Administration. Other than as provided above, the Plan will be administered by (A) the Board or (B) a Committee,
which Committee will be constituted to satisfy Applicable Laws. 

  
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 (b) Powers of the Administrator. Subject to the provisions of the Plan, and in the case of
a Committee, subject to the specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion: 

(i) to determine the Fair Market Value; 

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

(iii) to determine the number of Shares to be covered by each Award granted hereunder; 

(iv) to approve forms of Award Agreements for use under the Plan; 

(v) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and
conditions include, but are not limited to, the exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or
limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine; 

(vi) to institute and determine the terms and conditions of an Exchange Program; 

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

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

(ix) to modify or amend each Award (subject to Section 18(c) of the Plan), including but not limited to the discretionary authority to
extend the post-termination exercisability period of Awards and to extend the maximum term of an Option (subject to Section 6(d)); 

(x) to allow Participants to satisfy withholding tax obligations in a manner prescribed in Section 14; 

(xi) to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted
by the Administrator; 
 (xii) to allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that otherwise
would be due to such Participant under an Award; and 
 (xiii) to make all other determinations deemed necessary or advisable for
administering the Plan. 
 (c) Effect of Administrator’s Decision. The Administrator’s decisions, determinations and
interpretations will be final and binding on all Participants and any other holders of Awards. 

  
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 5. Eligibility. Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock,
and Restricted Stock Units may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. 
 6.
Stock Options. 
 (a) Grant of Options. Subject to the terms and provisions of the Plan, the Administrator, at
any time and from time to time, may grant Options in such amounts as the Administrator, in its sole discretion, will determine. 
 (b)
Option Agreement. Each Award of an Option will be evidenced by an Award Agreement that will specify the exercise price, the term of the Option, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the
Option, and such other terms and conditions as the Administrator, in its sole discretion, will determine. 
 (c) Limitations. Each
Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. Notwithstanding such designation, however, to the extent that the aggregate Fair Market Value of the Shares with respect to which
Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), such Options will be treated as
Nonstatutory Stock Options. For purposes of this Section 6(c), Incentive Stock Options will be taken into account in the order in which they were granted, the Fair Market Value of the Shares will be determined as of the time the Option with
respect to such Shares is granted, and calculation will be performed in accordance with Code Section 422 and Treasury Regulations promulgated thereunder. 

(d) Term of Option. The term of each Option will be stated in the Award Agreement; provided, however, that the term will be no more
than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the total
combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five (5) years from the date of grant or such shorter term as may be provided in the Award Agreement. 

(e) Option Exercise Price and Consideration. 

(i) Exercise Price. The per Share exercise price for the Shares to be issued pursuant to the exercise of an Option will be determined
by the Administrator, but will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. In addition, in the case of an Incentive Stock Option granted to an Employee who owns stock representing more
than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one hundred ten percent (110%) of the Fair Market Value per Share on the date
of grant. Notwithstanding the foregoing provisions of this Section 6(e)(i), Options may be granted with a per Share exercise price of less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to
a transaction described in, and in a manner consistent with, Code Section 424(a). 
 (ii) Waiting Period and Exercise Dates. At
the time an Option is granted, the Administrator will fix the period within which the Option may be exercised and will determine any conditions that must be satisfied before the Option may be exercised. 

(iii) Form of Consideration. The Administrator will determine the acceptable form of consideration for exercising an Option, including
the method of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time of grant. 

  
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Such consideration may consist entirely of: (1) cash; (2) check; (3) promissory note, to the extent permitted by Applicable Laws, (4) other Shares, provided that such Shares
have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option will be exercised and provided further that accepting such Shares will not result in any adverse accounting consequences to
the Company, as the Administrator determines in its sole discretion; (5) consideration received by the Company under cashless exercise program (whether through a broker or otherwise) implemented by the Company in connection with the Plan;
(6) by net exercise, (7) such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws, or (8) any combination of the foregoing methods of payment. In making its determination as
to the type of consideration to accept, the Administrator will consider if acceptance of such consideration may be reasonably expected to benefit the Company. 

(f) Exercise of Option. 

(i) Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder will be exercisable according to the terms of the
Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. 

An Option will be deemed exercised when the Company receives: (i) notice of exercise (in such form as the Administrator may specify from
time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable tax withholding). Full payment may consist of any consideration and
method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the
Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a
stockholder will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option, The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 13 of the Plan. 

Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under
the Option, by the number of Shares as to which the Option is exercised. 
 (ii) Termination of Relationship as a Service Provider.
If a Participant ceases to be a Service Provider, other than upon the Participant’s termination as the result of the Participant’s death or Disability, the Participant may exercise his or her Option within thirty (30) days of
termination, or such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) to the extent that the Option is vested on the date of
termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan, If after
termination the Participant does not exercise his or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

(iii) Disability of Participant. If a Participant ceases to be a Service Provider as a result of the Participant’s Disability,
the Participant may exercise his or her Option within six (6) months of termination, or such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award
Agreement) to the extent the Option is vested on the date of termination. Unless otherwise provided by the Administrator, if on the date of 

  
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termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant
does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

(iv) Death of Participant. If a Participant dies while a Service Provider, the Option may be exercised within six (6) months
following the Participant’s death, or within such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) to the extent that the
Option is vested on the date of death, by the Participant’s designated beneficiary, provided such beneficiary has been designated prior to the Participant’s death in a form acceptable to the Administrator. If no such beneficiary has been
designated by the Participant, then such Option may be exercised by the personal representative of the Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the
laws of descent and distribution. Unless otherwise provided by the Administrator, if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to
the Plan. If the Option is not so exercised within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

7. Stock Appreciation Rights. 

(a) Grant of Stock Appreciation Rights. Subject to the terms and conditions of the Plan, a Stock Appreciation Right may be granted to
Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. 
 (b) Number of
Shares. The Administrator will have complete discretion to determine the number of Shares subject to any Award of Stock Appreciation Rights. 

(c) Exercise Price and Other Terms. The per Share exercise price for the Shares that will determine the amount of the payment to be
received upon exercise of a Stock Appreciation Right as set forth in Section 7(f) will be determined by the Administrator and will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant.
Otherwise, the Administrator, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under the Plan. 

(d) Stock Appreciation Right Agreement. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify
the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine. 

(e) Expiration of Stock Appreciation Rights. A Stock Appreciation Right granted under the Plan will expire upon the date determined by
the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 6(d) relating to the maximum term and Section 6(f) relating to exercise also will apply to Stock
Appreciation Rights. 
 (f) Payment of Stock Appreciation Right Amount. Upon exercise of a Stock Appreciation Right, a Participant
will be entitled to receive payment from the Company in an amount determined by multiplying: 
 (i) The difference between the Fair Market
Value of a Share on the date of exercise over the exercise price; times 
 (ii) The number of Shares with respect to which the Stock
Appreciation Right is exercised. 

  
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 At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be
in cash, in Shares of equivalent value, or in some combination thereof. 
 8. Restricted Stock. 

(a) Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time,
may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. 

(b) Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of
Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted
Stock until the restrictions on such Shares have lapsed. 
 (c) Transferability. Except as provided in this Section 8 or as the
Administrator determines, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction. 

(d) Other Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as
it may deem advisable or appropriate. 
 (e) Removal of Restrictions. Except as otherwise provided in this Section 8, Shares of
Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine. The
Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. 
 (f) Voting Rights.
During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. 

(g) Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be
entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions
on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. 
 (h) Return of Restricted
Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. 

9. Restricted Stock Units. 

(a) Grant. Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator, After the
Administrator determines that it will grant Restricted Stock Units, it will advise the Participant in an Award Agreement of the terms, conditions, and restrictions related to the grant, including the number of Restricted Stock Units. 

  
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 (b) Vesting Criteria and Other Terms. The Administrator will set vesting criteria in its
discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting criteria based upon the achievement of
Company-wide, business unit, or individual goals (including, but not limited to, continued employment or service), or any other basis determined by the Administrator in its discretion. 

(c) Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a payout
as determined by the Administrator. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a payout. 

(d) Form and Timing of Payment. Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s)
determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle earned Restricted Stock Units in cash, Shares, or a combination of both. 

(e) Cancellation. On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company.

 10. Compliance With Code Section 409A. Awards will be designed and operated in such a manner that they are either exempt from
the application of, or comply with, the requirements of Code Section 409A, except as otherwise determined in the sole discretion of the Administrator. The Plan and each Award Agreement under the Plan is intended to meet the requirements of Code
Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator. To the extent that an Award or payment, or the settlement or deferral thereof, is
subject to Code Section 409A the Award will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409A, such that the grant, payment, settlement or deferral will not be subject to the additional
tax or interest applicable under Code Section 409A. 
 11. Leaves of Absence/Transfer Between Locations. Unless the
Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Participant will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or
(ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is
guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then six (6) months following the first (1st) day
of such leave, any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 

12. Limited Transferability of Awards. 

(a) Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, or otherwise transferred in any
manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award may only be transferred
(i) by will, (ii) by the laws of descent and distribution, or (iii) as permitted by Rule 701 of the Securities Act of 1933, as amended (the “Securities Act”). 

(b) Further, until the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, or after the
Administrator determines that it is, will, or may no longer be relying upon the exemption from registration under the Exchange Act as set forth in Rule 12h-1(f) 

  
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promulgated under the Exchange Act, an Option, or prior to exercise, the Shares subject to the Option, may not be pledged, hypothecated or otherwise transferred or disposed of, in any manner,
including by entering into any short position, any “put equivalent position” or any “call equivalent position” (as defined in Rule 16a-1(h) and Rule 16a-1(b) of the Exchange Act, respectively), other than to (i) persons who
are “family members” (as defined in Rule 701(c)(3) of the Securities Act) through gifts or domestic relations orders, or (ii) to an executor or guardian of the Participant upon the death or disability of the Participant.
Notwithstanding the foregoing sentence, the Administrator, in its sole discretion, may determine to permit transfers to the Company or in connection with a Change in Control or other acquisition transactions involving the Company to the extent
permitted by Rule 12h-1(f). 
 13. Adjustments; Dissolution or Liquidation; Merger or Change in Control. 

(a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other
property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure
of the Company affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will adjust the number and class of Shares that may be
delivered under the Plan and/or the number, class, and price of Shares covered by each outstanding Award; provided, however, that the Administrator will make such adjustments to an Award required by Section 25102(o) of the California
Corporations Code to the extent the Company is relying upon the exemption afforded thereby with respect to the Award. 
 (b) Dissolution
or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been
previously exercised, an Award will terminate immediately prior to the consummation of such proposed action. 
 (c) Merger or Change in
Control. In the event of a merger or Change in Control, each outstanding Award will be treated as the Administrator determines (subject to the provisions of the proceeding paragraph) without a Participant’s consent, including, without
limitation, that (i) Awards will be assumed, or substantially equivalent Awards will be substituted, by the acquiring or succeeding corporation (or an affiliate thereof) with appropriate adjustments as to the number and kind of shares and
prices; (ii) upon written notice to a Participant, that the Participant’s Awards will terminate upon or immediately prior to the consummation of such merger or Change in Control; (iii) outstanding Awards will vest and become
exercisable, realizable, or payable, or restrictions applicable to an Award will lapse, in whole or in part prior to or upon consummation of such merger or Change in Control, and, to the extent the Administrator determines, terminate upon or
immediately prior to the effectiveness of such merger or Change in Control; (iv) (A) the termination of an Award in exchange for an amount of cash and/or property, if any, equal to the amount that would have been attained upon the exercise
of such Award or realization of the Participant’s rights as of the date of the occurrence of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the Administrator determines in good faith
that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the Company without payment), or (B) the replacement of such Award with other rights
or property selected by the Administrator in its sole discretion; or (v) any combination of the foregoing. In taking any of the actions permitted under this subsection 13(c), the Administrator will not be obligated to treat all Awards, all
Awards held by a Participant, or all Awards of the same type, similarly. 
 In the event that the successor corporation does not assume or
substitute for the Award (or portion thereof), the Participant will fully vest in and have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards would not otherwise be

  
 -11- 

 
vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Awards with performance-based vesting, all performance goals or other
vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. In addition, if an Option or Stock Appreciation Right is not assumed or substituted in the event of a merger or
Change in Control, the Administrator will notify the Participant in writing or electronically that the Option or Stock Appreciation Right will be exercisable for a period of time determined by the Administrator in its sole discretion, and the Option
or Stock Appreciation Right will terminate upon the expiration of such period. 
 For the purposes of this subsection 13(c), an Award will
be considered assumed if, following the merger or Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control, the consideration (whether stock,
cash, or other securities or property) received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of
consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or Change in Control is not solely common stock of the successor corporation or its Parent, the
Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, for each Share subject to such
Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the merger or Change in Control. 

Notwithstanding anything in this Section 13(c) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one
or more performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without the Participant’s consent; provided, however, a modification to such performance goals only to reflect the
successor corporation’s post- Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption. 

Notwithstanding anything in this Section 13(c) to the contrary, if a payment under an Award Agreement is subject to Code
Section 409A and if the change in control definition contained in the Award Agreement does not comply with the definition of “change of control” for purposes of a distribution under Code Section 409A, then any payment of an
amount that is otherwise accelerated under this Section will be delayed until the earliest time that such payment would be permissible under Code Section 409A without triggering any penalties applicable under Code Section 409A. 

14. Tax Withholding. 

(a) Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof), the Company will
have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant’s FICA obligation) required to be
withheld with respect to such Award (or exercise thereof). 
 (b) Withholding Arrangements. The Administrator, in its sole discretion
and pursuant to such procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (i) paying cash, (ii) electing to have the Company withhold
otherwise deliverable Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld, (iii) delivering to the Company already-owned Shares having a Fair Market Value equal to the statutory amount required to be
withheld, provided the delivery of such Shares will not result in any adverse accounting consequences, as the Administrator determines in its sole discretion, or (iv) selling a sufficient number of Shares otherwise deliverable to the Participant
through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to 

  
 -12- 

 
be withheld. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees may be withheld at the time the election is made, not to exceed the
amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld is to be determined. The Fair Market Value of the
Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld. 
 15. No Effect on
Employment or Service. Neither the Plan nor any Award will confer upon a Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the Company, nor will they interfere in any way with the
Participant’s right or the Company’s right to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws. 

16. Date of Grant. The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination
granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant. 

17. Term of Plan. Subject to Section 21 of the Plan, the Plan will become effective upon its adoption by the Board. Unless sooner
terminated under Section 18, it will continue in effect for a term of ten (10) years from the later of (a) the effective date of the Plan, or (b) the earlier of the most recent Board or stockholder approval of an increase in the
number of Shares reserved for issuance under the Plan. 
 18. Amendment and Termination of the Plan. 

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

(b) Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to
comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the
Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect
the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 

19. Conditions Upon Issuance of Shares. 

(a) Legal Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance
and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance. 

(b) Investment Representations. As a condition to the exercise of an Award, the Company may require the person exercising such Award to
represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation
is required. 
 20. Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to
which such requisite authority will not have been obtained. 

  
 -13- 

 21. Stockholder Approval. The Plan will be subject to approval by the stockholders of the
Company within twelve (12) months after the date the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws. 

22. Information to Participants. Beginning on the earlier of (i) the date that the aggregate number of Participants under this
Plan is five hundred (500) or more and the Company is relying on the exemption provided by Rule 12h-1(f)(1) under the Exchange Act and (ii) the date that the Company is required to deliver information to Participants pursuant to Rule 701
under the Securities Act, and until such time as the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, is no longer relying on the exemption provided by Rule 12h-1(f)(1) under the Exchange Act or
is no longer required to deliver information to Participants pursuant to Rule 701 under the Securities Act, the Company shall provide to each Participant the information described in paragraphs (e)(3), (4), and (5) of Rule 701 under the
Securities Act not less frequently than every six (6) months with the financial statements being not more than 180 days old and with such information provided either by physical or electronic delivery to the Participants or by written notice to
the Participants of the availability of the information on an Internet site that may be password-protected and of any password needed to access the information. The Company may request that Participants agree to keep the information to be provided
pursuant to this section confidential. If a Participant does not agree to keep the information to be provided pursuant to this section confidential, then the Company will not be required to provide the information unless otherwise required pursuant
to Rule 12h-1(f)(1) under the Exchange Act or Rule 701 of the Securities Act. 

  
 -14-EX-10.1

August 18, 2014

Thomas Mangas

499 Stonehenge Drive

Lititz, PA 17543

Dear Thomas:

We are delighted to confirm to you our invitation to join Starwood Hotels & Resorts Worldwide, Inc.
A challenging and fulfilling experience is ahead of you as you become part of a diverse community
of great talent that is transforming our organization into the premier leisure and hospitality
company in the world.

By signing and returning this letter to Jeff Cava, Executive Vice President, Chief Human Resources
Officer via mail, email or fax, you confirm that this letter accurately sets forth the current
understanding between you and the Company regarding the terms of your employment and that you
accept and agree to the terms as stated above.

Jeffrey M. Cava

Executive Vice President, Chief Human Resources Officer

Starwood Hotels & Resorts Worldwide, Inc.

One StarPoint

Stamford, Connecticut 06902

Phone: 203-351-2511

Fax: 203-351-2479

Email: Jeff.Cava@starwoodhotels.com

If you have any questions concerning the terms of this offer, please contact me at
203-351-2511.

Again, we look forward to you joining our team.

Sincerely,

/s/ Jeffrey M. Cava

Jeffrey M. Cava

Executive Vice President, Chief Human Resources Officer

Starwood Hotels & Resorts Worldwide, Inc.

1

August 18, 2014

Thomas Mangas

499 Stonehenge Drive

Lititz, PA 17543

Dear Thomas:

We are pleased to offer you employment with Starwood Hotels & Resorts Worldwide, Inc. (the
“Company”) under the terms and conditions stated below:

Start Date:

Subject to the terms of this letter, the effective date of your employment with the Company will be
October 1, 2014, or earlier (the “Effective Date”).

Responsibilities:

Your position will be Executive Vice President, Chief Financial Officer at the Corporate Office in
Stamford, Connecticut and you shall perform such duties and services as are assigned to you by the
Company. You initially will report to Frits van Paasschen, President and Chief Executive Officer.
The Company reserves the right to and may make changes in your reporting structure, title,
position, work location, and job responsibilities at any time and from time to time.

Your normal working hours will initially be between 8:00 a.m. or 9:00 a.m. to 5:00 p.m. or 6:00
p.m., Monday through Friday. You will need to discuss with your Manager the precise normal working
hours for your specific role. As an exempt salaried employee, you will be expected to work
additional hours as may be required by the nature of your work assignments.

You shall devote your full time and attention to the affairs of the Company and to your job duties,
and use your best efforts and abilities to promote the Company’s interests. In performing your
duties, you will be expected to comply at all times with all Company policies, procedures and
directives as they currently exist or as they may be adopted or changed from time to time.

Base Salary:

Your initial base salary will be paid at the annualized rate of $700,000, paid in semi-monthly
intervals in arrears of $29,166.67, less applicable withholdings, taxes and deductions. Your pay
schedule is the 15th and the last day of each month. The Company generally provides
annual performance-based salary reviews for future salary progression. However, a satisfactory
performance review does not guarantee a salary increase. A salary increase awarded at year-end, if
any, attributable to this year’s job performance may be prorated based on your start date.

Annual Incentive Plan (AIP) Participation (Bonus):

You will be eligible to participate in the Company’s Annual Incentive Plan (“AIP”) or, at the
election of the Committee, the Annual Incentive Plan for Certain Executives (“AIPCE”). Except as
provided in the next paragraph, (i) in either case, your target incentive is 100% of base salary,
and (ii) your actual incentive award, if any, will be based upon a variety of factors, including
Company and division performance and your achieving specified performance criteria to be
established with and approved by your manager. In the event that changes are made to the incentive
plan, the changes will apply to you as they do other similarly situated employees of the Company.

For the 2014 performance year, you will receive a minimum annual incentive award in an amount equal
to $175,000 (the “2014 Bonus”). The amount of the 2014 Bonus is subject to increase based upon
your achievement of specified performance criteria to be established with and approved by your
manager. The 2014 Bonus will be paid in 2015, no later than March 15, 2015.

An annual bonus shall not be deemed earned by you until the Company has determined your entitlement
to such bonus and only if you are employed by the Company at the time such bonus is payable in
accordance with the AIP or AIPCE, as applicable, and Company practices. The Company does not pay
pro-rata bonuses upon an associate’s separation from employment.

Sign-on Bonus:

You will be paid a one-time cash sign-on bonus of $500,000, less applicable withholdings, taxes and
deductions, to be disbursed to you within 30 days following the Effective Date, provided, however,
that if, within one year following the Effective Date, you do not complete your relocation to
Stamford, Connecticut, resign from employment with the Company or the Company terminates your
employment for “cause” (as defined in the “Severance” section below), you are obligated to repay
the entire amount of the sign-on bonus, without reduction or offset for any reason.

Long Term Incentive (Equity Grants):

You will be eligible to participate in any long-term incentive program operated by the Company from
year to year, including the Company’s 2013 Long-Term Incentive Compensation Plan or successor plans
(“LTIP”), subject to the terms and conditions of the LTIP, as it may be changed from time to time,
or as otherwise determined by the Company. In 2015, no later than March 15, 2015, you will be
granted one or more LTIP awards having an aggregate value equal to $2,200,000 based on the Fair
Market Value (as defined in the LTIP) on the date of grant (the “2015 LTIP Award”). The 2015 LTIP
Award is conditioned on your employment on the grant date of the award, which shall not be later
than March 15, 2015, and the award’s type and terms (including vesting requirements that constitute
a substantial risk of forfeiture for purposes of Section 409A) shall be consistent with the type
and terms of awards that are given to similarly situated executives in 2015. The 2015 LTIP Award
will be governed by the provisions of the LTIP and the award agreement(s) governing the 2015 LTIP
Award.

Sign-on Restricted Stock Grant:

Effective the first day of the quarter following the Effective Date, or on the Effective Date if
your start date is concurrent with the first day of a quarter, you will be granted a number of
shares of restricted stock having a value equal to $2,000,000.00 based on the Fair Market Value (as
defined in the LTIP) on the date of the grant. The restricted shares will vest in three equal
installments (rounded up to the next highest whole number of shares, as necessary) on each of the
first three anniversaries of the grant date, if you remain employed with the Company on the
applicable anniversary of the grant date for each such installment, and will otherwise be governed
by the provisions of the LTIP and the award agreement governing the restricted shares. Further
details will be provided in the award notification and agreement to be delivered to you following
your employment.

Benefits:

The Company offers “StarShare”, a comprehensive array of employee benefit programs. You will be
eligible for the StarShare health and welfare benefit programs on the first of the month coincident
with or following 60 days of continuous service. You and your eligible dependents will be covered
by these benefits according to your coverage elections. In addition, as a new employee, you are
eligible for the 401(k) plan upon your date of hire. If you do not enroll on your own, you will be
enrolled automatically starting at 3% of your eligible pay after you complete 90 days of continuous
employment.

Information on these plans and other benefit programs such as the HOT Rates (the employee discount
room rates program), short-term disability, long-term disability, employee life insurance, and our
vacation policy will be provided to you after you begin your employment with us. In the event that
changes are made to any of the benefit plans, programs, or policies, the changes will apply to you
as they do other similarly situated employees of the Company.

If the Effective Date is prior to October 1, 2014, you will be immediately eligible for 5 vacation
days. Beginning in 2015, you will be eligible for 4 weeks of vacation annually.

Relocation:

The Company has selected Graebel Relocation Services to administer our Relocation Program.
Provided that you complete your relocation to Stamford, Connecticut by the first anniversary of the
Effective Date, the Company will pay the reasonable, out-of-pocket costs of relocating your family
and household furnishings from Lancaster, Pennsylvania to Stamford, Connecticut in accordance with
the provisions of the Company’s Relocation Program – Plan I – homeowner. Details of the Company’s
Relocation Program are enclosed. To be eligible for reimbursement of certain benefits, you are
required to utilize the services of an agent in the Graebel approved agents or Realtors on both
departure and destination.

You will be assigned to a Relocation Consultant at Graebel who will provide you with relocation
assistance and referrals to the Graebel approved agents or Realtors in your area.  In an effort to
fully utilize our relocation benefits and avoid additional tax liability, we ask that you do not
begin your relocation process before being contacted by your assigned Graebel Relocation
Consultant. Please do not contact agents or Realtors at departure or destination until you have
spoken with your Consultant.  For questions regarding policy benefits or to register a real estate
agent with Graebel, please call 1-888-948-4330.

 

You agree that if relocation expenses are paid to you or on your behalf and you voluntarily resign
from the Company or are terminated for cause (as determined by the Company in its discretion)
within the one year period following the Effecctive Date, you will repay all such relocation
expenses, reduced by 1/12 for each full calendar month actually worked.  You also agree that if
relocation expenses are paid to you or on your behalf and you do not complete your relocation to
Stamford, Connecticut by the first anniversary of the Effective Date, you will repay all such
relocation expenses. In addition, eligibility for reimbursement of any and all relocation expenses
will cease on the last day of employment and any relocation expenses incurred after that date will
not be reimbursed by the Company and will be your sole responsibility.

COBRA Payments:

We realize that there may be a transitional benefits cost to you because of the waiting period
before you become eligible for the Company’s health plans. Therefore, during your benefits waiting
period, the Company agrees to reimburse you for COBRA payments you have elected to make to your
prior employer until the date you become eligible for the Company’s health benefits. The amount of
the reimbursement will be the difference between the employee portion of the monthly premium
pursuant to the Company’s group health benefits plan and your monthly COBRA payment and will be
paid to you no later than December 31, 2014. Reimbursement is subject to your providing the
Company, no later than December 1, 2014, with documentation satisfactory to the Company to
substantiate that you incurred the COBRA expense.

Severance:

If the Company terminates your employment without “cause,” the Company will pay to you 12 months of
your then current base salary, in a lump sum less all applicable withholdings (the “Severance
Payment”), plus an amount equal to 12 times the COBRA charge on the payment date for the type of
Company-provided group health plan coverage in effect for you (e.g., family coverage) on the date
of your employment termination less the active employee charge for such coverage in effect on the
date of your employment termination, in a lump sum less all applicable withholdings (the “COBRA
Payment”). The Severance Payment will be subject to and conditioned upon (a) your continuing
compliance with the Non-Compete, Non-Solicitation, Confidentiality and Intellectual Property
Agreement referred to below and (b) your payment in full of any outstanding balance, including any
and all charges, interest and/or delinquency fees, on your corporate American Express credit card,
if one is issued to you, prior to the date upon which payment of the Severance Payment is otherwise
due as specified below. In addition, the Company will deliver to you a customary release agreement
(the “Release”) on the date of your employment termination, and as a condition to receipt of the
Severance Benefit you must (i) sign the Release and return the signed Release to the Company within
the following number of days after the date on which the Company delivers the Release to you: 21
days if your termination of employment is not part of a group termination program within the
meaning Section 7(f)(1)(F)(ii) of the Age Discrimination in Employment Act of 1967, as amended, and
45 days if your termination is part of such a group termination program (the “Release Period”); and
(ii) not revoke the Release within any seven-day revocation period that applies to you under the
Age Discrimination in Employment Act of 1967, as amended (the “Revocation Period”). The Company
will then pay the Severance Benefit to you in a lump sum 53 days following the date of your
termination of employment, except as provided in the section entitled “Section 409A” below. In the
event you decline or fail for any reason to timely execute and deliver the Release or you revoke
the Release, then you will not be entitled to the Severance Benefit. The Company will pay the COBRA
Payment to you within 30 days following the date of your employment termination. You will not be
eligible for the Severance Payment or COBRA Payment if you resign from your employment with the
Company or if your employment ends due to your death or Disability (as defined in the LTIP, as such
definition may be amended from time to time).

Attached is an agreement (Attachment C) that provides for certain severance payments in the event
your employment is terminated under specific circumstances in connection with a change in control
of the Company (the “Severance Agreement”). No payments will be due to you under this “Severance”
section of this offer letter in the event you are entitled to payments on account of your
termination of employment under section 6 the Severance Agreement.

For purposes of this paragraph, “cause” for termination by the Company of your employment shall
mean (i) the willful and continued failure by you to substantially perform your duties with the
Company after a written demand for substantial performance is delivered to you by the Board, which
demand specifically identifies the manner in which the Board believes that you have not
substantially performed your duties, and you have not cured any such failure that is capable of
being cured in all material respects within ten (10) days of receiving such written demand, or (ii)
the willful engaging by you in conduct which is demonstrably and materially injurious to the
Company or its subsidiaries, monetarily or otherwise. For purposes of clauses (i) and (ii) of this
definition, (x) no act, or failure to act, on your part shall be deemed “willful” unless done, or
omitted to be done, by you not in good faith and without reasonable belief that your act, or
failure to act, was in the best interest of the Company and (y) in the event of a dispute
concerning the application of this provision, no claim by the Company that Cause exists shall be
given effect unless the Company establishes to the Board by clear and convincing evidence that
Cause exists.

Resolution of Disputes:

From time to time, disagreements and misunderstandings may arise concerning your job
responsibilities, performance, compensation, benefits or other matters affecting your employment
with the Company, or one of its affiliated companies. We hope that we will be able to resolve such
matters through normal discussions with your immediate managers or Human Resources representatives.

In the event those efforts fail, you and the Company agree, except as may be prohibited by law or
as otherwise excluded by the terms of the attached Mutual Agreement to Arbitrate (Attachment A), to
submit any and all disputes relating to or arising out of this offer letter, your employment with
the Company or the termination of that employment to final and binding arbitration pursuant to the
employment rules then in effect of the American Arbitration Association, which shall be the sole
and exclusive remedy for such disputes. Accordingly, you acknowledge and agree that this offer of
employment and the benefits provided herein are contingent upon your execution of the Mutual
Agreement to Arbitrate provided to you herewith and incorporated herein by reference. In the event
that the Mutual Agreement to Arbitrate is determined by a court with appropriate jurisdiction to be
unenforceable, you and the Company waive any right to a trial by jury on the claims that otherwise
would have been subject to the Mutual Agreement to Arbitrate.

Employment Term:

While the Company looks forward to a long and mutually beneficial relationship with you, you should
understand that there is no fixed duration for your employment. In accepting this offer, you
acknowledge and agree that your employment with the Company is at will, and may be terminated by
you or the Company at any time, with or without notice and for any or no reason. By signing below,
you acknowledge that except for this letter and the enclosed attachments, there is nothing in
writing between you and the Company concerning this offer of employment or your prospective
employment. You further acknowledge and agree that nothing in this letter guarantees employment
for any definite or specific term or duration or any particular level or type of benefits or
compensation.

Other Conditions and Obligations:

You acknowledge that you are not subject to any currently effective employment contract, or any
other contractual or other binding obligations pursuant to which your employment or employment
activities with or on behalf of the Company may be subject to any restrictions. Restrictions
include, without limitation, any agreements or other obligations or documents relating to
non-competition, confidentiality, trade secrets, proprietary information or works for hire. By
signing this letter, you represent to the Company that there are no agreements or arrangements,
whether written or oral, in effect that would prevent or conflict with your full performance of
your employments duties and responsibilities to us.

As a further condition of this offer and your right to receive any of the benefits detailed herein,
you agree to execute and be bound by the Non-Compete, Non-Solicitation, Confidentiality and
Intellectual Property Agreement attached hereto (Attachment B) and incorporated herein by
reference.

No Other Assurances:

You acknowledge that in deciding to sign this offer, you have not relied on any promises,
commitments, statements or representations, whether spoken or in writing, made to you by any
representative of the Company, except for what is expressly stated herein. This offer replaces and
cancels all previous agreements, commitments, and understandings whether spoken or written, if any,
that the Company or any representative of the Company may have made in connection with your
employment.

You also acknowledge that this offer is intended as written, and that no marginal notations or
other revisions to either this offer letter, the Mutual Agreement to Arbitrate, or the Non-Compete,
Non-Solicitation, Confidentiality and Intellectual Property Agreement are binding on the Company
unless expressly consented to in writing by the Executive Vice President, Human Resources or the
General Counsel of Starwood Hotels & Resorts Worldwide, Inc. This offer shall be construed,
governed by and enforced in accordance with the laws of the State of New York without regard to its
conflicts of laws principles.

Section 409A:

This offer letter will be construed and administered to preserve the exemption from Section 409A of
the Internal Revenue Code of 1986, as amended (“Section 409A”), of payments that qualify as
short-term deferrals pursuant to Treas. Reg. §1.409A-1(b)(4) or that qualify for the two-times
compensation exemption of Treas. Reg. §1.409A-1(b)(9)(iii). With respect to any amounts that are
subject to Section 409A, it is intended, and this offer letter will be so construed, that such
amounts and the Company’s exercise of authority or discretion hereunder shall comply with the
provisions of Section 409A so as not to subject you to the payment of interest and additional tax
that may be imposed under Section 409A. For purposes of any payment in this offer letter that is
subject to Section 409A and triggered by your “termination of employment”, (i) “termination of
employment” shall have the same meaning as “separation from service” under Section 409A(a)(2)(A)(i)
of the Code, and (ii) in the event you are a “specified employee” on the date of your termination
of employment (with such status determined by the Company in accordance with rules established by
the Company in writing in advance of the “specified employee identification date” that relates to
the date of your termination of employment or, in the absence of such rules established by the
Company, under the default rules for identifying specified employees under Section 409A), such
payment (to the extent subject to Section 409A) shall not be paid earlier than six months after
such termination of employment (if you die after the date of your termination of employment but
before any payment has been made, such remaining payments that were or could have been delayed will
be paid to your estate without regard to such six-month delay). Notwithstanding any provision to
the contrary in this offer letter, to the extent that any expense reimbursement provided for by
this offer letter does not qualify for exclusion from Federal income taxation, the Company will
make the reimbursement to you no later than December 31 of the calendar year following the calendar
year in which the expense was incurred; the amount of expenses eligible for such reimbursement
during a calendar year will not affect the amount of expenses eligible for such reimbursement in
another calendar year; and your right to such reimbursement is not subject to liquidation or
exchange for another benefit from the Company. You acknowledge and agree that the Company has made
no representation to you as to the tax treatment of the compensation and benefits provided pursuant
to this offer letter and that you are solely responsible for all taxes due with respect to such
compensation and benefits.

Pre-Employment Verification:

This offer is contingent upon satisfactory results of the Company’s pre-employment investigation,
reference checks, testing and verification. Enclosed please find Notice and Authorization Forms
that you will need to complete and return to the Company in order to enable us to complete our
pre-employment investigation, testing and verification process relative to your application for
employment. Please complete and send these forms to our confidential fax number 407-418-7026. If
you have any questions regarding Pre-Employment Verification please contact the HR Service Center
at 1-866-476-6293.

You should not resign from your current employment until you have received notification from the
Company of your satisfactory completion of all pre-employment investigation, testing and
verification.

This offer also is subject to you establishing your legal right to work in the United States.
Please be prepared to show appropriate identification and proof of eligibility to work on the first
day that you report to work. Please contact the undersigned if you have any questions regarding
these requirements.

By signing and returning this letter, you confirm that this letter accurately sets forth the
current understanding between you and the Company regarding the terms of your employment and that
you accept and agree to the terms as stated above.

Jeffrey M. Cava

Executive Vice President, Chief Human Resources Officer

Starwood Hotels & Resorts Worldwide, Inc.

One StarPoint

Stamford, CT 06902

Phone: 203-351-2511

Fax: 203-351-2479

Email: Jeff.Cava@starwoodhotels.com

Very truly yours,

/s/ Jeffrey M. Cava

Jeffrey M. Cava

Executive Vice President, Chief Human Resources Officer

Starwood Hotels & Resorts Worldwide, Inc.

	 	 	 
	Enclosures: Mutual Agreement to Arbitrate (Attachment A)
	 	 	Non-Compete, Non-solicitation, Confidentiality and Intellectual Property Agreement

(Attachment B)

Severance/Change in Control Agreement (Attachment C)

Pre-Employment Verification Notice and Authorization Form (included)

COBRA Reimbursement Form (included)

Relocation Plan (included)

	cc:
	 	Personnel File

ACCEPTED AND AGREED TO:

Dated: 8/22/14

/s/ Thomas Mangas

Thomas Mangas

2

Attachment A

 MUTUAL AGREEMENT TO ARBITRATE

In order to gain the benefits of a speedy, impartial, and cost-effective dispute resolution
procedure, and for good and valid consideration as covenanted below and in addition to any other
consideration, and intending to be legally bound, Starwood Hotels & Resorts Worldwide, Inc.
(“Company”) and I hereby agree that, except as otherwise provided herein, all disputes and claims
for which a court otherwise would be authorized by law to grant relief, in any manner, that I may
have, now or in the future, during or after my employment with the Company, of any and every kind
or nature whatsoever with or against the Company, any of the Company’s affiliated, subsidiary or
parent companies, partners, joint venturers, owners of properties the Company manages, and/or any
of its or their directors, officers, employees or agents , or any disputes and claims that the
Company or any of the Company’s affiliated, subsidiary or parent companies, may have against me
(collectively, “Claims”), shall be submitted to the American Arbitration Association (“AAA”) to be
resolved and determined through final and binding arbitration before a single arbitrator and to be
conducted in accordance with the National Rules for the Resolution of Employment Disputes of the
AAA. The Company and I agree that the arbitrator will have the authority to grant motions
dispositive of all or part of any Claim. The Company shall be responsible for payment of all
arbitrator compensation, AAA filing fees and AAA administrative fees, other than the initial AAA
filing fee for which I will be responsible to pay up to a maximum of $125, or as otherwise required
by law.

Any reference in this Agreement to the Company also refers to all of the Company’s affiliated
entities, benefit plans, the benefit plans’ sponsors, fiduciaries and administrators, and all
successors and assigns of any of them.

The Company and I each have the right to representation by counsel with respect to arbitration
of any dispute pursuant to this Agreement. Except as prohibited by law, at the request of either
the Company or me, the arbitration proceedings shall be conducted in confidence, and, in such a
case, all documents, testimony, and records shall be received, heard, and maintained by the
arbitrator in confidence, available for inspection only by me and the Company, our respective
attorneys, and experts, who shall agree, in advance and in writing, to receive all such information
confidentially and to maintain the secrecy of such information until it shall become generally
known. Both parties shall be allowed adequate discovery as part of the arbitration process,
including reasonable access to essential documents and witnesses as determined by agreement or the
arbitrator.

The arbitrator shall conduct a full hearing as to all issues and disputes not resolved by
dispositive motion. At such hearing, the parties shall be entitled to present evidence and examine
and cross-examine witnesses. The arbitrator shall issue a written decision revealing the essential
findings and conclusions upon which any award is based. In addition, the arbitrator shall have
authority to award equitable relief, damages, costs, and fees to the extent permitted by law,
including, but not limited to, any remedy or relief that a governing court might order.

The Company and I hereby agree that the Claims subject to arbitration shall include but not be
limited to any and all Claims that arise out of or are related to the offer of employment, transfer
or promotion extended by the Company to me, any withdrawal or rescission of that offer, any aspect
of my employment with the Company or the terms and conditions of that employment, any claim for
bonus, vacation pay or other compensation, any termination of that employment and any claim of
discrimination, retaliation, or harassment based upon age, race, religion, sex, creed, ethnicity,
pregnancy, veteran status, citizenship status, national origin, disability, handicap, medical
condition, sexual orientation or any other protected basis, or any claim of any other unlawful
conduct, under any applicable federal, state, local or other statutes, orders, laws, ordinances,
regulations or the like, or case law, that relate to employment or employment practices, including
without limitation, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of
1991, as amended, the Civil Rights Acts of 1866 and 1871, as amended, the Age Discrimination in
Employment Act of 1967, as amended, the Americans with Disabilities Act of 1990, as amended, the
Family Medical Leave Act of 1993, as amended, the Employee Retirement Income Security Act of 1990,
as amended, the Worker Adjustment Retraining and Notification Act, as amended, the Fair Labor
Standards Act, as amended, the Vietnam Era Veterans’ Readjustment Assistance Act, as amended, the
Equal Pay Act, as amended, the Rehabilitation Act, as amended, the Immigration Reform and Control
Act, and the state and local analogues to the foregoing.

The Company and I further agree that the Claims subject to arbitration shall exclude any
Claims required by any applicable federal, state, local or other statute or benefit or pension plan
to be submitted to an administrative forum (for example, a workers’ compensation claim, a claim for
unemployment insurance benefits, or an administrative charge of discrimination or retaliation filed
with the Equal Employment Opportunity Commission or the state or local analogue to that agency but
not litigation arising from such charges) and any Claims involving solely a monetary dispute within
the jurisdiction of a small claims court. The Company and I further agree that the Claims subject
to arbitration also shall exclude any Claims to the extent they involve the alleged taking, use or
disclosure of trade secrets and similar confidential or proprietary information, Claims involving a
failure to pay a retention bonus or relocation expense, Claims involving a failure to repay any
unearned portion of a retention bonus or relocation expense, Claims based upon any employee pension
or benefit plan the terms of which contain an enforceable arbitration procedure, in which case the
procedure of such plan shall apply, and Claims that cannot be compelled to mandatory arbitration
under applicable federal law.

The Company and I agree that any arbitration award rendered as the result of any arbitration
under this Agreement shall be final and binding and may be entered and enforced as a court judgment
in accordance with applicable law. The Company and I further agree that this Agreement, any
arbitration under this Agreement and any arbitration award rendered in such arbitration shall be
governed by the Federal Arbitration Act.

By entering into this Agreement, the Company and I each specifically acknowledge and
understand that the right to the determination and/or trial of any Claims in court before a judge
or a jury is a valuable right, and that by signing this Agreement the Company and I hereby
knowingly and voluntarily waive any and all rights we may have to assert any Claims in any court of
competent jurisdiction and to a determination and/or trial before a judge or a jury.

I further understand and acknowledge that this Agreement is not intended to be and shall not
be deemed to constitute a contract of employment for any specific duration, and that my employment
shall be and remain at will, which means that the Company and I shall be free to terminate that
employment at any time for any or no reason with or without notice and with or without cause.

Each party’s promise to resolve Claims by arbitration in accordance with the provisions of
this Agreement is consideration for the other party’s like promise. Additionally, I enter into
this Agreement in consideration of the Company’s employment, continued employment, transfer or
promotion of me.

This Agreement shall survive my employer-employee relationship with the Company and shall
apply to any covered Claim whether arising or asserted during my employment or after the
termination of my employment with the Company. This Agreement can be modified or revoked only by a
writing signed by both the Company’s Executive Vice President, Human Resources and me and that
expressly refers to this Agreement and specifically states an intent to modify or revoke it. This
is the complete agreement of the parties on the subject of arbitration of disputes, except for any
arbitration provision contained in a pension or benefit plan or an agreement covering change in
control benefits and protections.

EACH PARTY TO THIS AGREEMENT ACKNOWLEDGES CAREFULLY READING THIS AGREEMENT, UNDERSTANDING ITS
TERMS, AND ENTERING INTO THIS AGREEMENT KNOWINGLY AND VOLUNTARILY AND NOT IN RELIANCE ON ANY
PROMISES OR REPRESENTATIONS OTHER THAN THOSE CONTAINED IN THIS AGREEMENT ITSELF.

EACH PARTY FURTHER ACKNOWLEDGES HAVING THE OPPORTUNITY TO DISCUSS THE AGREEMENT WITH PERSONAL LEGAL
COUNSEL AND HAS USED THAT OPPORTUNITY TO THE EXTENT DESIRED.

Dated: 8/22/14

/s/ Thomas Mangas

Thomas Mangas

Dated: 8/18/14

/s/ Jeffrey M .Cava

Jeffrey M. Cava

Executive Vice President, Chief Human Resources Officer

Starwood Hotels & Resorts Worldwide, Inc.

3

Attachment B

NON COMPETE, NON-SOLICITATION, CONFIDENTIALITY AND INTELLECTUAL PROPERTY AGREEMENT

This Non-Compete, Non-Solicitation, Confidentiality and Intellectual Property Agreement
(“Agreement”) is entered into by and between Starwood Hotels & Resorts Worldwide, Inc. (the
“Company”) and Thomas Mangas (the “Employee”). For purposes of this Agreement, the “Company” shall
refer to Starwood Hotels & Resorts Worldwide, Inc. and any and all of the Company’s affiliated
subsidiary or parent companies.

WHEREAS, the Company devotes significant time, resources and effort to the training and
advancement of its management, and its management team constitutes a significant asset and
important competitive advantage; and

WHEREAS, the Employee has and will have access to important and sensitive confidential
information; and

WHEREAS, the Company has determined that it is in the best interests of the Company and its
shareholders to enter into an agreement with Employee whereby Employee will be prohibited from
soliciting employees of the Company in accordance with the terms and conditions of this Agreement;
and

WHEREAS, Employee may create inventions, trade secrets, know-how and documents or other works
of authorship and may appear or perform in various promotional materials within the scope of
Employee’s employment.

WHEREAS, in consideration of the Company’s offer of employment and/or continued employment,
Employee agrees to enter into this Agreement.

THEREFORE, the Company and Employee agree as follows:

1. Non-Compete. Employee agrees that during the period of Employee’s employment with
the Company and for a period of 12 months following the date of any termination of employment from
the Company (the “Non-Compete Period”), Employee shall not, without the express written
consent of the Board of Directors of the Company, directly or indirectly, whether for his own
account or for the account of any other person or entity, engage, participate or make any financial
investment in, become employed by or render advisory services to or otherwise assist or be
interested in any Competitive Business in any geographic area in which, as of the date of
termination of Employee’s employment, the Company or any of its subsidiaries is engaged or planning
to be engaged. As used herein, “Competitive Business” shall mean any of the firms, businesses,
corporations or enterprises listed on Attachment 1. Notwithstanding the foregoing,
Employee may invest in a Competitive Business if its stock is listed for trading on a national
stock exchange or traded in the over-the-counter market and Executive’s holdings have an original
cost less than $5,000,000 and represent less than five percent of its outstanding stock.

2. Non-Solicitation. During the period in which Employee is employed by the Company,
and for a period of one (1) year following the date of any termination of employment from the
Company, Employee shall not, without the prior written consent of the Company, except in the course
of carrying out Employee’s duties hereunder, directly or indirectly solicit or attempt to solicit
for employment with or on behalf of any corporation, partnership, joint venture or other business
entity, any person who is, or at any time during the six-month period preceding the solicitation of
such person was, a management-level employee of the Company (including, without limitation, for
this purpose any director level employee of the Company and any General Manager of any hotel owned
(in whole or in part) or managed by the Company).

3. Confidentiality. Employee acknowledges that during the course of his/her
employment with the Company, Employee will receive, and will have access to, “Confidential
Information,” as such term is defined below, of the Company and that such information is a special,
valuable and unique asset belonging to the Company. Accordingly, Employee is willing to enter into
the covenants contained in this Agreement in order to provide the Company with what Employee
considers to be reasonable protection for the Company’s interests. All notes, memoranda, papers,
documents, correspondence or writings (which shall include information recorded or stored in
writing, on magnetic tape or disc, or otherwise recorded or stored for reproduction, whether by
mechanical or electronic means and whether or not such reproduction will result in a permanent
record being made) (“Documents”) which from time to time may be in Employee’s possession (whether
prepared by Employee or not) relating, directly or indirectly, to the business of the Company shall
be and remain the property of the Company and shall be delivered by Employee to the Company
immediately upon request, and in any event promptly upon termination of Employee’s employment, and
Employee shall not make or keep any copies or extracts of the Documents. At any time during or
after Employee’s employment with the Company ends, without the prior written consent of the
Company, except (i) in the course of carrying out Employee’s duties hereunder or (ii) to the extent
required by a court or governmental agency, or by applicable law or under compulsion of legal
process, Employee shall not disclose to any third person any information concerning the business of
the Company, including, without limitation, any trade secrets, customer lists and details of
contracts with or requirements of customers, the identity of any owner of a managed hotel,
information relating to any current, past or prospective management agreement or joint venture,
information pertaining to business methods, sales plans, design plans and strategies, management
organization, computer systems and software, operating policies or manuals, personnel records or
information, information relating to current, past or contemplated employee benefits or
compensation data or strategies, business, financial, development or marketing plans, or manpower
strategies or plans, financial records or other financial, commercial, business or technical
information relating to the Company (collectively, “Confidential Information”), unless such
Confidential Information has been previously disclosed to the public by the Company or is in the
public domain (other than by reason of Employee’s breach of this Section 2). Employee will, prior
to making any such disclosure pursuant to subsection (ii), promptly notify the Company of his/her
receipt of such process or requirement, consult with the Company on the advisability of taking
steps to resist or narrow such request, cooperate with the Company in any attempt that the Company
may make to obtain a court order or other reliable assurance that confidential treatment will be
accorded to all or designated portions of such information, and not disclose such Confidential
Information unless the Company shall have had reasonable opportunity to obtain a court order
prohibiting or limiting such disclosure.

3.1 Employee agrees that, both during and after Employee’s employment with the Company, if
Employee is uncertain of whether or not information is confidential, Employee will treat that
information as Confidential Information until Employee has received written verification from an
authorized officer of the Company that the information is not Confidential Information.

4. Intellectual Property and Publicity Rights. Employee acknowledges and agrees
that all right, title and interest in and to patents, patent applications, inventions,
improvements, discoveries, developments, processes, business methods, technical information,
know-how, trade secrets, computer programs, writings, designs, copyrights, maskworks, trademarks,
service marks, trade names, trade dress and the like (collectively, “Intellectual Property”),
including the right to invoke the benefit of the right of priority provided by any treaty to which
the United States is a party, which Employee creates, conceives, develops or obtains, either solely
or jointly with others, during Employee’s employment with the Company (a) with the use of the
Company’s time, materials, facilities or other resources; or (b) resulting from or suggested by
Employee’s work for the Company; or (c) in any way relating to any subject matter relating to the
existing or contemplated business, products and services of the Company or the Company’s
affiliates, subsidiaries and licensees shall be owned by the Company. Upon request, Employee shall
execute all such assignments and other documents and take all such other action as the Company may
reasonably request in order to vest in the Company, or its nominee, all of Employee’s right, title,
and interest in and to such Intellectual Property. Employee further acknowledges and agrees that
the Company shall have the perpetual, worldwide right to use Employee’s name, performance,
biography, voice, image, signature and likeness in promotional or any other materials developed by
or for the Company during Employee’s employment with the Company. Employee hereby irrevocably and
unconditionally waives any and all rights that he/she has or may have in and to the Intellectual
Property, including, without limitation, any “moral rights” that he/she has or may have as “author”
of the Intellectual Property, and hereby expressly agrees not to make any claim or demand against
the Company or any party authorized by the Company to exploit the Intellectual Property.

5. Equitable Relief.

5.1 Employee acknowledges that the restrictions and obligations specified in Sections 1, 2 and
3 hereof are reasonable in view of the nature of the business in which the Company is engaged and
Employee’s knowledge of, and responsibilities with respect to, the Company’s business, and that any
breach of Sections 1, 2 or 3 hereof may cause the Company irreparable harm for which there is no
adequate remedy at law, and as a result of this, the Company will be entitled to the issuance by a
court of competent jurisdiction of an injunction, restraining order or other equitable relief in
favor of the Company, without the necessity of posting a bond, restraining Employee from committing
or continuing to commit any such violation. Any right to obtain an injunction, restraining order
or other equitable relief hereunder will not be deemed to be a waiver of any right to assert any
other remedy the Company may have at law or in equity, including, without limitation, the right to
cancel payments to which Employee is otherwise entitled under Employee’s employment agreement.

5.2 Any proceeding or action seeking equitable relief for violation of Sections 1, 2 and 3
hereof may be commenced in the federal courts in the Southern District of the State of New York, or
in the absence of federal jurisdiction in state court in the State of New York. Employee hereby
irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and agrees to
take any and all future action necessary to submit to the jurisdiction of such courts. Employee
irrevocably waives any objection that Employee now has or hereafter may have to the laying of venue
of any suit, action or proceeding brought in any such court and further irrevocably waives any
claim that any such suit, action or proceeding brought in any such court has been brought in an
inconvenient forum. Final judgment against Employee in any such suit will be conclusive and may be
enforced in other jurisdictions by suit on the judgment, a certified or true copy of which will be
conclusive evidence of the fact and the amount of any liability therein described, or by
appropriate proceedings under an applicable treaty or otherwise.

6. Severability. In the event that any provision of this Agreement conflicts with the
law under which this Agreement is to be construed, and/or if any such provision is held invalid by
a court with jurisdiction over the parties to this Agreement and the subject matter of this
agreement, (a) such provision will be deemed to be restated to reflect as nearly as possible the
original intentions of the parties to the fullest extent permitted under applicable law, and (b)
the remaining terms and provisions of this Agreement will remain in full force and effect.

7. Governing Law. This Agreement shall be construed, governed and enforced according
to the laws of the State of New York without regard to its conflicts of laws principles.

8. Amendments and Waivers. No failure to act by the Company will waive any right
contained in this Agreement. No provision of this Agreement may be amended or waived, except by a
written agreement signed by both Employee and an authorized executive officer of the Company. Any
waiver by the Company of strict performance of any provision of this Agreement shall not be a
waiver of or prejudice the Company’s right to require strict performance of that same provision or
any other provision of the Agreement in the future.

Employee acknowledges that he/she has had a reasonable opportunity to review and consider the
terms described above and to consult with an attorney if he/she so chooses prior to signing this
Agreement. Fully understanding the above terms, Employee is entering into this letter agreement
knowingly and voluntarily.

IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and year first above
written.

Dated: 8/22/14

/s/ Thomas Mangas

Thomas Mangas

Dated: 8/18/14

/s/ Jeffrey M .Cava

Jeffrey M. Cava

Executive Vice President, Chief Human Resources Officer

Starwood Hotels & Resorts Worldwide, Inc.

4

Attachment 1

List of Competing Businesses

Accor

Blackstone Group (Branded Hotel Operations only)

Fairmont Hotels & Resorts Inc.

Four Seasons Hotels, Inc.

Hilton Worldwide Holdings Inc.

Hyatt Corporation

Ian Schrager Hotels and/or Morgans Hotel Group

Intercontinental Hotel Group

Kimpton Hotels & Restaurant

Mandarin Oriental

Marriott International, Inc.

Starwood Capital Group

TRT Holdings (owns Omni)

Wyndham Worldwide Corporation

And any affiliate of any of the foregoing.

5

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