Document:

Exhibit

Exhibit 4.3

CTS CORPORATION
2018 EQUITY AND INCENTIVE COMPENSATION PLAN

SECTION 1.  PURPOSE:  The purpose of the CTS Corporation 2018 Equity and Incentive Compensation Plan is to provide certain employees of CTS Corporation and its Affiliates and members of the Board with the opportunity to receive stock-based and other incentive grants in order to attract, motivate and help retain qualified individuals and to align their interests with those of Company shareholders.

SECTION 2.  EFFECTIVE DATE:  The Plan will become effective as of May 17, 2018 (the “Effective Date”), subject to the approval of the Company’s shareholders in accordance with the Company’s Bylaws and the laws of the State of Indiana.  Unless sooner terminated as provided herein, the Plan shall terminate on May 16, 2028.  After the Plan is terminated, no future Awards may be granted under the Plan, but Awards previously granted shall remain outstanding in accordance with their applicable terms and conditions.  Furthermore, no grants will be made on or after May 17, 2018 under the Existing Plan, but outstanding awards granted under the Existing Plan will continue unaffected following such date.

SECTION 3.  DEFINITIONS:  As used in this Plan, unless the context otherwise requires, each of the following terms shall have the meaning set forth below. 

		
	(a)
	“Affiliate” shall mean any entity that, directly or indirectly, controls, is controlled by, or is under common control with, the Company.  

		
	(b)
	“Award” shall mean a grant of an Option, SAR, Restricted Stock Award, Performance Award or Other Stock Award pursuant to the Plan, which may, as determined by the Committee, be in lieu of other compensation owed to a Participant.  

		
	(c)
	“Award Agreement” shall mean an agreement, certification, resolution or other type or form of writing or other evidence approved by the Committee that evidences the terms and conditions of an Award granted under the Plan.  An Award Agreement may be in an electronic medium, may be limited to notation on the books and records of the Company and, unless otherwise determined by the Committee, need not be signed by a representative of the Company or a Participant.  

		
	(d)
	“Board of Directors” or “Board” shall mean the board of directors of the Company.  

		
	(e)
	“Cash Incentive Award” shall mean a cash award granted pursuant to Section 10 of this Plan.

		
	(f)
	“Change in Control” shall have the meaning set forth in Section 14 of this Plan.

		
	(g)
	“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any references to a particular section of the Code shall be deemed to include any successor provision thereto.

		
	(h)
	“Committee” shall mean the Compensation Committee of the Board (or its successor(s)), or any other Board committee designated by the Board to administer this Plan, and to the 

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extent of any delegation by the Committee to a subcommittee pursuant to this Plan, such subcommittee.  

		
	(i)
	“Company” shall mean CTS Corporation, an Indiana corporation, and its successors.  

		
	(j)
	“Date of Grant” shall mean the date provided for by the Committee on which a grant of Options, SARs or Performance Awards, or a grant or sale of Restricted Stock Awards or Other Stock Awards pursuant to the Plan, will become effective (which date will not be earlier than the date on which the Committee or applicable authority takes action with respect thereto).  

		
	(k)
	“Employee” shall mean an employee of the Company or any Affiliate.  

		
	(l)
	“Exercise Price” shall mean an amount, as provided for by the Committee, at which an Option or SAR can be exercised by a Participant, which amount shall not be less than the Fair Market Value of a Share on the Date of Grant, unless such Option or SAR is granted pursuant to an assumption or substitution of another Option or SAR in a manner that satisfies the requirements of Section 424(a) of the Code.

		
	(m)
	“Existing Plan” shall mean the CTS Corporation 2014 Performance and Incentive Compensation Plan.

		
	(n)
	“Fair Market Value” shall mean, as of a given date, the closing sale price for a Share as reported on a national securities exchange on such date if the Shares are then being traded on such an exchange.  If no closing sale price was reported for such date, the closing sale price on the last preceding day on which such a price was reported shall be used.  If there is no regular public trading market for the Shares, the Fair Market Value for a Share shall be the fair market value of a Share as determined in good faith by the Committee.  The Committee is authorized to adopt another fair market value pricing method, provided such method is stated in the Award Agreement and is in compliance with the fair market value pricing rules set forth in Section 409A of the Code.  

		
	(o)
	“Incentive Stock Option” shall mean an Option which is intended to meet the requirements set forth in Section 422 of the Code or any successor provision.  

		
	(p)
	“Nonqualified Stock Option” shall mean an Option not intended to qualify as an Incentive Stock Option.  

		
	(q)
	“Option” shall mean the right to purchase Shares granted pursuant to Section 7 of this Plan, which may take the form of either an Incentive Stock Option or a Nonqualified Stock Option and which shall not have a term of more than 10 years.

		
	(r)
	“Other Stock Award” shall mean an award of Shares or other awards that are denominated or payable in, valued in whole or in part by reference to, or that are otherwise based on or related to, Shares, including but not limited to dividend equivalents or amounts which are equivalent to any federal, state, local, domestic, foreign or other taxes relating to an Award, which may be payable in Shares, cash, other securities, or any other form of property as the Committee shall determine, subject to the terms and conditions set forth by the Committee and granted pursuant to Section 11 of this Plan.

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	(s)
	“Participant” shall mean an Employee or non-employee member of the Board selected by the Committee to receive Awards under the Plan.  

		
	(t)
	“Performance Awards” shall mean awards of Performance Shares or Performance Units or Cash Incentive Awards. 

		
	(u)
	“Performance Measures” shall mean the performance objective or objectives established pursuant to this Plan for Participants who have received grants of Performance Awards or, when so determined by the Committee, Options, SARs, Restricted Stock Awards or Other Stock Awards.

		
	(v)
	“Performance Period” shall mean, in respect of a Performance Award, a period of time established by the Committee pursuant to Section 10 within which the Performance Measures relating to such Performance Award are to be evaluated or measured.

		
	(w)
	“Performance Share” shall mean an award denominated in Shares, which is earned with respect to a Performance Period subject to the terms and conditions as determined by the Committee and granted pursuant to Section 10 of this Plan.

		
	(x)
	“Performance Unit” shall mean an award denominated in units having a value in dollars or such other currency, as determined by the Committee, which is earned with respect to a Performance Period subject to the terms and conditions as determined by the Committee and granted pursuant to Section 10 of this Plan.

		
	(y)
	“Plan” shall mean the CTS Corporation 2018 Equity and Incentive Compensation Plan, as may be amended, or amended and restated, from time to time.

		
	(z)
	“Restricted Stock” shall mean an award of Shares, subject to such terms and conditions as determined by the Committee and granted pursuant to Section 9 of this Plan, as to which neither the substantial risk of forfeiture nor any prohibition on transfer has expired.

		
	(aa)
	“Restricted Stock Award” shall mean an Award consisting of Restricted Stock or Restricted Stock Units.  

		
	(bb)
	“Restricted Stock Unit” shall mean an Award consisting of a bookkeeping entry representing the right to receive one Share or an amount equivalent to the fair market value of one Share, payable in cash or Shares, and representing an unfunded and unsecured obligation of the Company, except as otherwise provided by the Committee, subject to such terms and conditions as determined by the Committee and granted pursuant to Section 9 of this Plan.

		
	(cc)
	“Shares” shall mean the common stock, without a par value, of the Company or any security into which such common stock may be changed by reason of any transaction or event of the type referred to in Section 5(g) of this Plan.  

		
	(dd)
	“Stock Appreciation Right” or “SAR” shall mean an award which represents the right to receive the difference between the fair market value of a Share on the date of exercise and an Exercise Price, payable in cash or Shares, subject to such terms and conditions as determined by the Committee and granted pursuant to Section 8 and which shall not have a term of more than 10 years.

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	(ee)
	“Voting Power” shall mean at any time, the combined voting power of the then-outstanding securities entitled to vote generally in the election of members of the Board in the case of the Company, or members of the board of directors or similar body in the case of another entity.

SECTION 4.   ADMINISTRATION:  Subject to the express provisions of this Plan, the Committee shall have authority to administer and interpret the Plan, to interpret any Award Agreement, to prescribe, amend, and rescind rules and regulations relating to the Plan and any Award Agreement, and to make all other determinations deemed necessary or advisable for the administration of the Plan.  Any determination by the Committee pursuant to any provision of the Plan or of any Award Agreement will be final and conclusive.  No member of the Committee will be liable for any such action or determination made in good faith.  In exercising its discretion, the Committee may use such objective or subjective factors as it determines to be appropriate in its sole discretion.  In addition, the Committee is authorized to take any action it determines in its sole discretion to be appropriate subject only to the express limitations contained in this Plan, and no authorization in any Plan section or other provision of this Plan is intended or may be deemed to constitute a limitation on the authority of the Committee.  To the extent permitted by law, the Committee may from time to time delegate all or any part of its authority under this Plan to a subcommittee.  To the extent of any such delegation, references in this Plan to the Committee will be deemed to be references to such subcommittee.  To the extent permitted by law, the Committee may delegate to one or more of its members or one or more officers of the Company the authority, subject to terms and conditions as the Committee shall determine, to (a) designate Employees to be recipients of Awards under the Plan and (b) determine the size of any such Awards; provided, however, that:  (x) the Committee shall not delegate such responsibilities to any such officer for Awards granted to an Employee who is an officer, member of the Board, or more than 10% beneficial owner of any class of the Company’s equity securities that is registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, as determined by the Committee in accordance with Section 16 of the Securities Exchange Act of 1934, as amended; (y) the resolution providing for such authorization sets forth the total number of Shares such officer(s) may grant; and (z) the officer(s) shall report periodically to the Committee regarding the nature and scope of the Awards granted pursuant to the authority delegated.  The Company will not be required to issue any fractional Shares pursuant to this Plan; the Committee may provide for the elimination of fractions or for the settlement of fractions in cash.

SECTION 5.  SHARES AVAILABLE FOR AWARDS
		
	(a)
	Subject to adjustment as provided in Section 5(g) and the share counting rules set forth in this Plan, the maximum number of Shares available under the Plan for Awards will not exceed in the aggregate 2,500,000 Shares.  The aggregate number of Shares available under this Plan will be reduced by one Share for every one Share subject to an Award granted under this Plan, subject to the share counting rules set forth in this Plan.

		
	(b)
	If any Shares subject to an Award granted under this Plan are forfeited, or if any Award granted under this Plan is cancelled or forfeited, expires or is settled for cash (in whole or in part), or is unearned (in whole or in part), the Shares subject to such Award will, to the extent of such cancellation, forfeiture, expiration, cash settlement or unearned amount, again be available for Awards under this Plan.  Notwithstanding anything to the contrary contained herein:  (i) Shares withheld, tendered or otherwise used in payment of the Exercise Price of an Option or SAR will not be added (or added back, as applicable) to the aggregate number of Shares available under this Plan; (ii) Shares withheld, tendered or otherwise used to satisfy tax withholding will not be added (or added back, as applicable) to the aggregate number of Shares available under this Plan; (iii) all Shares subject to a 

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SAR, to the extent that it is exercised and settled in Shares (and whether or not all the Shares subject to the Award are actually issued to the Participant upon such exercise of the SAR), shall be considered issued or transferred pursuant to the Plan; and (iv) Shares reacquired by the Company on the open market or otherwise using cash proceeds from the exercise of Options will not be added (or added back, as applicable) to the aggregate number of Shares available under this Plan.  If, under the Plan, a Participant has elected to give up the right to receive compensation in exchange for Shares based on fair market value, such Shares will not count against the maximum number of Shares available under this Plan.  

		
	(c)
	Unless otherwise determined by the Committee, Awards that are designed to operate in tandem with other Awards shall not be counted against the maximum number of Shares available under this Plan in order to avoid double counting.  

		
	(d)
	Notwithstanding the foregoing, the maximum number of Shares that may be issued or transferred upon the exercise of Incentive Stock Options shall equal the aggregate maximum number of Shares available under this Plan, subject to adjustment as provided in Section 5(g) to the extent that such adjustment does not affect the ability to grant or the qualification of Incentive Stock Options under the Plan.  

		
	(e)
	Any Shares issued or transferred under the Plan shall consist, in whole or in part, of authorized and unissued Shares, Shares purchased in the open market or otherwise, Shares in treasury, or any combination thereof, as the Committee or, as appropriate, the Board may determine.  

		
	(f)
	Subject to adjustment as provided in Section 5(g), in no event will any non-employee member of the Board in any calendar year be granted compensation for such service having an aggregate maximum value (measured at the Date of Grant as applicable, and calculating the value of any equity awards based on the grant date fair value for financial reporting purposes) in excess of $500,000.

		
	(g)
	In the event of any merger, reorganization, consolidation, recapitalization, stock dividend, extraordinary cash dividend, stock split, reverse stock split, spin-off, split-off, spin-out, split-up, combination, repurchase or exchange of Shares or other securities of the Company, partial or complete liquidation or other distribution of assets, issuance of rights or warrants to purchase securities, or any other corporate transaction or event having an effect similar to any of the foregoing, the Committee shall make or provide for such adjustments in the number and kind of shares available for Awards under the Plan and any Plan limits, the number and kind of shares covered by outstanding Awards, the Exercise Price for outstanding Awards, Cash Incentive Awards, and in other Award terms, as the Committee, in its sole discretion, exercised in good faith, determines is equitably required to prevent dilution or enlargement of the rights of Participants or the benefits or potential benefits intended to be made available under the Plan.  In the case of any stock split, including a stock split effected by means of a stock dividend, and in the case of any other dividend paid in shares of the Company, such adjustments shall be made automatically without the necessity of Committee action, on the customary arithmetical basis. Any fractional Share resulting from an adjustment pursuant to this Section 5(g) shall be disregarded except as may be required for compliance with Section 409A of the Code. Moreover, in the event of any such transaction or event or in the event of a Change in Control, the Committee may provide in substitution for any or all outstanding Awards 

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under this Plan such alternative consideration (including cash) as it may determine to be equitable and may in connection therewith require the surrender of all or part of any Award to be replaced in a manner that complies with Section 409A of the Code.  In addition, for each Option or SAR with an Exercise Price greater than the consideration offered in connection with any such transaction or event or Change in Control, the Committee may in its sole discretion elect to cancel such Option or SAR without any payment to the person holding such Option or SAR.

SECTION 6.  ELIGIBILITY:  The Committee from time to time may designate which Employees and non-employee members of the Board shall become Participants under the Plan. 

SECTION 7.   OPTIONS:  Subject to the terms and conditions of the Plan, the Committee may grant Options to Participants on such terms and conditions as the Committee may provide for in an Award Agreement or by action of the Committee, including, but not limited to: Exercise Price; vesting schedule; method of payment of the Exercise Price; treatment upon termination of employment or service; treatment upon certain corporate transactions or events, including a Change in Control; and other terms and conditions that the Committee may deem appropriate.  Options granted under this Plan may not provide for any dividends or dividend equivalents thereon.  Incentive Stock Options may only be granted to Participants who meet the definition of “employees” under Section 3401(c) of the Code. 

SECTION 8.   STOCK APPRECIATION RIGHTS:  Subject to the terms and conditions of the Plan, the Committee may grant SARs to Participants on such terms and conditions as the Committee may provide for in an Award Agreement or by action of the Committee, including, but not limited to: Exercise Price; vesting schedule; form of payment; treatment upon termination of employment or service; treatment upon certain corporate transactions or events, including a Change in Control; and other terms and conditions that the Committee may deem appropriate.  SARs granted under this Plan may not provide for any dividends or dividend equivalents thereon.

SECTION 9.   RESTRICTED STOCK AWARDS:  Subject to the terms and conditions of the Plan, the Committee may grant Restricted Stock Awards to Participants on such terms and conditions as the Committee may provide for in an Award Agreement or by action of the Committee, including, but not limited to: vesting schedule; purchase price, if any; deferrals allowed or required; treatment upon termination of employment or service; treatment upon certain corporate transactions or events, including a Change in Control; and other terms and conditions that the Committee may deem appropriate.  Any dividends or other distributions on Restricted Stock Awards (but only to the extent the Award itself provides for dividends or other distributions thereon) will be deferred until and paid contingent upon the earning or vesting of the underlying Award.

SECTION 10.   PERFORMANCE AWARDS:  Subject to the terms and conditions of the Plan, the Committee may grant Performance Awards to Participants on such terms and conditions as the Committee may provide for in an Award Agreement or by action of the Committee, including, but not limited to: performance period; vesting schedule; Performance Measures(s); purchase price, if any; deferrals allowed or required; treatment upon termination of employment or service; treatment upon certain corporate transactions or events, including a Change in Control; and other terms and conditions that the Committee may deem appropriate.  Any dividends or other distributions on Performance Shares or Performance Units (but only to the extent the Award itself provides for dividends or other distributions thereon) will be deferred until and paid contingent upon the earning or vesting of the underlying Award.

SECTION 11.   OTHER STOCK AWARDS:  Subject to the terms and conditions of the Plan, the Committee may grant Other Stock Awards to Participants on such terms and conditions as the Committee 

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may provide for in an Award Agreement or by action of the Committee, including, but not limited to: performance period, if any; vesting schedule, if any; Performance Measure(s), if any; purchase price, if any; deferrals allowed or required; treatment upon termination of employment or service; treatment upon certain corporate transactions or events, including a Change in Control; and other terms and conditions that the Committee may deem appropriate.  Any dividends or other distributions on unvested or unearned Other Stock Awards  (but only to the extent the Award itself provides for dividends or other distributions thereon) will be deferred until and paid contingent upon the earning or vesting of the underlying Award. 

SECTION 12.   PROHIBITION ON REPRICING:  Except in connection with a corporate transaction or event described in Section 5(g) of the Plan, the terms of outstanding Awards may not be amended to reduce the Exercise Price of outstanding Options or SARs, or cancel outstanding Options or SARs in exchange for cash, other Awards or Options or SARs with an Exercise Price that is less than the Exercise Price of the original Options or SARs without shareholder approval.

SECTION 13.   WITHHOLDING:  The Committee may make such provisions and take such steps as it may deem necessary and appropriate for the withholding of any taxes that the Company is required by law or regulation of any governmental authority, whether federal, state, local, domestic, foreign or other, to withhold in connection with the grant, exercise, payment, or removal of restrictions of an Award (or other events regarding an Award), including, but not limited to, requiring or permitting the Participant to remit to the Company an amount sufficient to satisfy such withholding requirements in cash or Shares or withholding cash or Shares due or to become due with respect to the Award at issue.  In no event shall the fair market value of Shares to be withheld pursuant to this Section 13 to satisfy applicable withholding taxes in connection with a benefit exceed the minimum amount required to be withheld, unless (a) an additional amount can be withheld and not result in adverse accounting consequences, (b) such additional withholding amount is authorized by the Committee, and (c) the total amount withheld does not exceed the Participant’s estimated tax obligations attributable to the applicable transaction.

SECTION 14.  CHANGE IN CONTROL:  For purposes of this Plan, except as may be otherwise provided for by the Committee in an Award Agreement, a “Change in Control” will be deemed to have occurred upon the occurrence of any of the following events:

		
	(a)
	the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of 25% or more of the then Voting Power; provided, however, that the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company that is approved by the Incumbent Board (as defined below); (ii) any acquisition by the Company or any Affiliate and any change in the percentage ownership of the Voting Power of the Company that results from such acquisition; (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliate; or (iv) any acquisition by any Person pursuant to a transaction that complies with clauses (i), (ii) and (iii) of Section 14(c) below; or

		
	(b)
	individuals who, as of the Effective Date, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a member of the Board subsequent to the Effective Date, whose election, or nomination for election by the Company’s stockholders, was approved by a vote of a majority of the directors then comprising the Incumbent Board (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without objection to such nomination) shall be 

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considered as though such individual was a member of the Incumbent Board, but excluding for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or

		
	(c)
	consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, unless following such Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners of the Voting Power immediately prior to such Business Combination beneficially own, directly or indirectly, more than 75% of, respectively, the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that as a result of such transaction owns the Company or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions relative to each other as their ownership immediately prior to such Business Combination of the Voting Power, (ii) no Person (excluding the Company, any entity resulting from such Business Combination, or any employee benefit plan (or related trust) sponsored or maintained by the Company or such entity resulting from such Business Combination) beneficially owns, directly or indirectly, 25% or more of, respectively, the then-outstanding shares of common stock of the entity resulting from such Business Combination, and (iii) at least a majority of the members of the board of directors of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or the action of the Board providing for such Business Combination; or

		
	(d)
	approval by the stockholders of the Company of a complete liquidation or dissolution of the Company, except pursuant to a Business Combination that complies with clauses (i), (ii) and (iii) of Section 14(c).

SECTION 15.   POSTPONEMENT OF ISSUANCE AND DELIVERY:  The issuance or transfer and delivery of any Shares under this Plan may be postponed by the Company for such period as may be required to comply with any applicable requirements under any applicable listing requirement of any national securities exchange or any law or regulation applicable to the issuance and delivery of Shares, and the Company shall not be obligated to issue or transfer or deliver any Shares if the issuance or transfer or delivery of such Shares shall constitute a violation of any provision of any law or regulation of any governmental authority or any national securities exchange. 

SECTION 16.   NO RIGHT TO AWARDS:  No Employee or member of the Board shall have any claim to be granted any Award under the Plan, and there is no obligation for uniform treatment of Employees or members of the Board under the Plan. The terms and conditions of Awards need not be the same with respect to different Participants. 

SECTION 17.   NO RIGHT TO EMPLOYMENT OR DIRECTORSHIP:  The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of the Company or an Affiliate or any right to remain as a member of the Board, as the case may be. Termination of the services of an Employee or a member of the Board shall not give rise to any liability or any claim under the Plan, unless otherwise provided in the Plan or an Award Agreement. 

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SECTION 18.   NO RIGHTS AS A SHAREHOLDER:  A Participant shall have no rights as a shareholder with respect to any Shares covered by an Award until the date of the issuance or transfer of such Shares. 

SECTION 19.   SEVERABILITY:  If any provision of the Plan or any Award is, becomes, or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the purpose or intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction or Award, and the remainder of the Plan or such Award shall remain in full force and effect. 

SECTION 20.   NO TRUST OR FUND CREATED:  Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other person. To the extent any person acquires a right to receive payments from the Company or an Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 

SECTION 21.   HEADINGS:  Headings are given to the Sections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provisions thereof. 

SECTION 22.  NONASSIGNABILITY:  Unless otherwise determined by the Committee, no Participant or beneficiary may sell, assign, transfer, discount, or pledge as collateral for a loan, or otherwise anticipate any right to payment under the Plan other than by will or by the applicable laws of descent and distribution, and in no event shall any Award granted under the Plan or such right to payment be transferred for value.

SECTION 23.   INDEMNIFICATION:  In addition to such other rights of indemnification as members of the Board or the Committee or officers or employees of the Company or an Affiliate to whom authority to act for the Board or Committee is delegated may have, such individuals shall be indemnified by the Company to the maximum extent permitted by law and the Company’s Bylaws. 

SECTION 24.   FOREIGN JURISDICTIONS:  The Committee may adopt, amend, or terminate arrangements, not inconsistent with the intent of the Plan, to make available tax or other benefits under the laws of any foreign jurisdiction to Participants subject to such laws or to conform with the laws and regulations of any such foreign jurisdiction. 

SECTION 25.   TERMINATION AND AMENDMENT:  Subject to the approval of the Board where required, the Committee may at any time and from time to time alter, amend, suspend, or terminate the Plan in whole or in part; provided, however, that no action shall be taken by the Board or the Committee without the approval of shareholders that would: 

		
	(a)
	materially increase the maximum number of Shares that may be issued or transferred under the Plan, except as provided in Section 5(g);  

		
	(b)
	materially change the class of eligible Participants;  

		
	(c)
	permit the repricing of outstanding Options or SARs, as provided in Section 12; or

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	(d)
	require approval of the Company’s shareholders under any applicable law, regulation, stock exchange listing rule, or other rule.

Subject to Section 12 of this Plan, the Committee may amend the terms of any Award theretofore granted under this Plan prospectively or retroactively.  Except for adjustments made pursuant to Section 5(g) of this Plan, no such amendment will materially impair the rights of any Participant without his or her consent.  Notwithstanding the foregoing, except with respect to adjustments pursuant to Section 5(g), no termination or amendment of the Plan may, without the consent of the applicable Participant, terminate or adversely affect any right or obligation under an Award previously granted under the Plan, except as necessary to comply with changes in law or accounting rules applicable to the Company. 

SECTION 26.   COMPLIANCE WITH SECTION 409A OF THE CODE 

		
	(a)
	To the extent applicable, it is intended that this Plan and any grants made hereunder comply with the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the Participants.  This Plan and any grants made hereunder shall be administered in a manner consistent with this intent.  Any reference in this Plan to Section 409A of the Code will also include any regulations or any other formal guidance promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal Revenue Service.  

		
	(b)
	Neither a Participant nor any of a Participant’s creditors or beneficiaries shall have the right to subject any deferred compensation (within the meaning of Section 409A of the Code) payable under this Plan and grants hereunder to any anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment.  Except as permitted under Section 409A of the Code, any deferred compensation (within the meaning of Section 409A of the Code) payable to a Participant or for a Participant’s benefit under this Plan and grants hereunder may not be reduced by, or offset against, any amount owing by a Participant to the Company or any of its Affiliates.  

		
	(c)
	If, at the time of a Participant’s separation from service (within the meaning of Section 409A of the Code), (i) the Participant shall be a specified employee (within the meaning of Section 409A of the Code and using the identification methodology selected by the Company from time to time) and (ii) the Company shall make a good faith determination that an amount payable hereunder constitutes deferred compensation (within the meaning of Section 409A of the Code) the payment of which is required to be delayed pursuant to the six-month delay rule set forth in Section 409A of the Code in order to avoid taxes or penalties under Section 409A of the Code, then the Company shall not pay such amount on the otherwise scheduled payment date but shall instead pay it, without interest, on the first business day of the seventh month after such separation from service.

		
	(d)
	Solely with respect to any award that constitutes nonqualified deferred compensation subject to Section 409A of the Code and that is payable on account of a Change in Control (including any installments or stream of payments that are accelerated on account of a Change in Control), a Change in Control shall occur only if such event also constitutes a “change in the ownership,” “change in effective control,” and/or a “change in the ownership of a substantial portion of assets” of the Company as those terms are defined under Treasury Regulation §1.409A-3(i)(5), but only to the extent necessary to establish a time and form of payment that complies with Section 409A of the Code, without altering the definition of Change in Control for any purpose in respect of such award.

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	(e)
	Notwithstanding any provision of this Plan and grants hereunder to the contrary, in light of the uncertainty with respect to the proper application of Section 409A of the Code, the Company reserves the right to make amendments to this Plan and grants hereunder as the Company deems necessary or desirable to avoid the imposition of taxes or penalties under Section 409A of the Code.  In any case, a Participant shall be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on a Participant or for a Participant’s account in connection with this Plan and grants hereunder (including any taxes and penalties under Section 409A of the Code), and neither the Company nor any of its affiliates shall have any obligation to indemnify or otherwise hold a Participant harmless from any or all of such taxes or penalties.  

SECTION 27.   APPLICABLE LAW:  This Plan shall be governed by and construed in accordance with the laws of the State of Indiana, without regard to its principles of conflict of laws.

SECTION 28.  DETRIMENTAL ACTIVITY AND RECAPTURE PROVISIONS:  Any Award Agreement may reference a clawback policy of the Company or provide for the cancellation or forfeiture of an Award or the forfeiture and repayment to the Company of any gain related to an Award, or other provisions intended to have a similar effect, upon such terms and conditions as may be determined by the Committee from time to time, if a Participant, either (a) during employment or other service with the Company or an Affiliate or (b) within a specified period after termination of such employment or service, shall engage in any detrimental activity, as provided for by the Committee.  In addition, notwithstanding anything in this Plan to the contrary, any Award Agreement or such clawback policy may also provide for the cancellation or forfeiture of an Award or the forfeiture and repayment to the Company of any Shares issued or transferred under and/or any other benefit related to an Award, or other provisions intended to have a similar effect, upon such terms and conditions as may be required by the Committee or under Section 10D of the Securities Exchange Act of 1934, as amended, and any applicable rules or regulations promulgated by the Securities and Exchange Commission or any national securities exchange or national securities association on which the Shares may be traded.

SECTION 29.  SHARE-BASED AWARDS IN SUBSTITUTION FOR AWARDS GRANTED BY ANOTHER COMPANY:  Notwithstanding anything in this Plan to the contrary:
		
	(a)
	Awards may be granted under this Plan in substitution for or in conversion of, or in connection with an assumption of, stock options, stock appreciation rights, restricted stock, restricted stock units or other stock or stock-based awards held by awardees of an entity engaging in a corporate acquisition or merger transaction with the Company or any subsidiary.  Any conversion, substitution or assumption will be effective as of the close of the merger or acquisition, and, to the extent applicable, will be conducted in a manner that complies with Section 409A of the Code. The Awards so granted may reflect the original terms of the awards being assumed or substituted or converted for and need not comply with other specific terms of this Plan, and may account for Shares substituted for the securities covered by the original awards and the number of shares subject to the original awards, as well as any exercise or purchase prices applicable to the original awards, adjusted to account for differences in stock prices in connection with the transaction.

		
	(b)
	In the event that a company acquired by the Company or any subsidiary or with which the Company or any subsidiary merges has shares available under a pre-existing plan previously approved by stockholders and not adopted in contemplation of such acquisition or merger, the shares available for grant pursuant to the terms of such plan (as adjusted, to 

11

the extent appropriate, to reflect such acquisition or merger) may be used for Awards made after such acquisition or merger under the Plan; provided, however, that Awards using such available shares may not be made after the date awards or grants could have been made under the terms of the pre-existing plan absent the acquisition or merger, and may only be made to individuals who were not employees or directors of the Company or any subsidiary prior to such acquisition or merger.  
		
	(c)
	Any Shares that are issued or transferred by, or that are subject to any Awards that are granted by, or become obligations of, the Company under Sections 29(a) or 29(b) above will not reduce the Shares available for issuance or transfer under the Plan or otherwise count against the limits contained in the Plan.  In addition, no Shares that are issued by, or that are subject to any awards that are granted by, or become obligations of, the Company under Sections 29(a) or 29(b) above will be added to the maximum number of Shares available under this Plan.

12EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT 

THIS SEPARATION AGREEMENT (this “Separation Agreement”) is entered into by and between
Abercrombie & Fitch Management Co., a Delaware corporation (the “Company”), and Robert Bostrom (the “Executive”) on the execution date by Executive below. 

WITNESSETH 

WHEREAS, Employee is currently employed by the Company as Senior Vice President, General Counsel, and Corporate
Secretary; 
 WHEREAS, the Company and Executive previously entered into an agreement with an effective date of
May 10, 2017 (the “Severance Agreement”) (attached hereto as Exhibit A and incorporated herein); 

WHEREAS, the Company and Executive mutually agree that Executive’s employment will terminate; and 

WHEREAS, in conjunction with this separation of employment, the Company and Executive desire to enter into an
agreement setting forth the following terms and conditions. 
 NOW, THEREFORE, in consideration of the mutual
promises and covenants set forth herein, the Company and Executive hereby agree as follows: 

1.      Termination of Employment.   Pursuant to this Separation
Agreement, the effective date of Executive’s separation of employment will be March 31, 2019 or such earlier date after December 31, 2018 as Executive elects by written notice to the Company, in his discretion (the
“Separation Date”). Executive will be removed from the Company’s payroll and his employment relationship with the Company will be terminated for all purposes on the Separation Date. 

2.      Transition and Consulting Services.   Executive agrees that he
will fully cooperate with the Company in effecting an orderly transition of his duties and in ensuring that the business of the Company is conducted in a professional, positive and competent manner through the Separation Date. For the period
through September 30, 2018 (the “Transition Period”), Executive will remain a full-time, active employee, working on-site in his current role and title of Senior Vice President, General
Counsel, and Corporate Secretary. During the Transition Period, the Company will continue to compensate Executive at 100% of his current base salary, at the annualized rate of $620,000. For the period beginning on October 1, 2018 and ending on
the Separation Date (the “Consulting Period”), Executive will remain employed, with a change in role to an advisor to the Company in the title of Senior Vice President and Special Counsel. During the Consulting Period, Executive
agrees to: (a) continue to support the orderly transition of his duties and (b) be available for on-demand consulting and projects as requested, on a part-time basis. Executive’s services during
the Consulting Period may be rendered from any location as determined by Executive, and if the Company requests that he travel in connection with such services (including travel to any of the Company’s offices), the Company

  
 - 1 - 

 
will reimburse Executive for his approved reasonable travel expenses. For the duration of the Consulting Period, the Company will compensate Executive at 50% of his current base salary,
i.e., an annualized rate of $310,000. Executive acknowledges and agrees that, should he accept and begin other employment before the Transition Period and/or the Consulting Period end, his employment with the Company will end as of that date.
For the avoidance of doubt, except as otherwise provided in Section 7(a) below, during the Transition Period and the Consulting Period, (i) Executive will continue to participate in (and his current eligible dependents
will remain as eligible dependents in) the Company’s medical and dental employee benefit plans, and (ii) Executive’s Restricted Stock Unit Awards (pursuant to their respective Restricted Stock Unit Award Agreements dated
March 24, 2015; March 22, 2016 (includes two separate awards so dated); March 21, 2017; and March 27, 2018), Performance Share Awards (pursuant to their respective Performance Share Award Agreements dated March 22, 2016 and
March 21, 2017), and Stock Appreciation Rights Award dated March 24, 2015 (collectively, the “Equity Grant Agreements”) will continue to vest in accordance with the terms of the respective equity grant agreements
under which they were granted and with the terms of either the Amended and Restated Abercrombie & Fitch Co. 2007 Long-Term Incentive Plan (for equity grants awarded prior to 2017) or the Abercrombie & Fitch Co. 2016 Long-Term
Incentive Plan for Associates (for equity grants awarded in 2017 or later) (collectively, the “Long-Term Incentive Plans”). For the further avoidance of doubt, Executive’s Performance Share Awards dated March 22, 2016 and
March 21, 2017, respectively, shall each vest, pursuant to the terms of the respective award agreements under which they were granted, on a pro-rata basis based on continued employment through the
Separation Date, and subject to actual Abercrombie & Fitch Co. performance through the end of the applicable three-year performance period, with such awards, to the extent earned, to be payable as vested Abercrombie & Fitch Co.
shares (subject to applicable tax withholdings) at the normal time for payment under the awards’ terms, defined as being not later than 60 days after the close of the applicable three-year performance period (or the date of filing of Form 10-K for the third fiscal year of such three-year performance period, if sooner). For the avoidance of doubt, all of the Stock Appreciation Rights held by Executive, to the extent vested on or before the Separation
Date, shall remain exercisable for three months after the Separation Date. 

3.      Resignation of Other Positions and Offices.   Other than as
provided in Section 2 above, Executive agrees to resign from all other positions and offices, if any, that he holds with the Company or any entity that is a subsidiary of, or is otherwise related to or affiliated with, the
Company, effective as of September 30, 2018. 
 4.      Accrued
Compensation.   The Company agrees to pay Executive the Accrued Compensation payments outlined in Section 2(a) of the Severance Agreement. 

5.      Additional Severance Benefits.   In exchange for
Executive’s commitments as outlined in this Separation Agreement and the Release (as referenced and defined in Section 6(a) below), the Company agrees to pay Executive (a) the amounts outlined in
Section 2(a)(1) and Section 2(a)(3) of the Severance Agreement, and (b) in lieu of the provisions of Section 2(a)(2) of the Severance Agreement, the full,
non-pro-rated 2018 annual incentive bonus based on (and subject to) actual fiscal 2018 Company business performance (at the same business-performance level determined
for other senior executive officers for the year), and 

  
 - 2 - 

 
based on Executive’s Target Bonus (as defined in the Severance Agreement), to be paid (if paid) on the later of (x) when other incentive compensation payouts are made in March 2019, or
(y) as soon as practicable after the seventh (7th) day following Executive’s execution of the release as provided in Section 6(a) below (subject to Executive
not having revoked such release within the seven (7) days following such execution). For avoidance of doubt, as provided in the Severance Agreement, the Salary Continuation payments under Section 2(a)(1) of the Severance Agreement will be
based on a base salary of $620,000 per annum and will begin following the Separation Date and continue for eighteen (18) months thereafter; and Section 2(f) of the Severance Agreement (providing for no mitigation requirement or offset)
will survive termination of Executive’s employment and apply to such payments. 

6.      Conditions of Severance Agreement
Section 2(a)(1)-(3) Payments. Notwithstanding anything herein to the contrary, the Company shall not be obligated to make any payment under Section 5 hereof unless the following
conditions specified in Section 6(a) and Section 6(b) are satisfied: 

(a)      Release.   (i) Prior to the twenty-first (21st) day following
the Separation Date, Executive executes a release of all current and future claims, known or unknown, arising on or before the date of the release against the Company and all other individuals and entities specified therein, in the form attached
hereto as Exhibit B (the “Release”); and (ii) any applicable revocation period has expired without Executive revoking such Release; and 

(b)      Satisfactory Performance. Such payments are subject to reasonably satisfactory
performance of responsibilities throughout the Transition Period and the Consulting Period; provided that, in the event of unsatisfactory performance by Executive during such periods, Executive shall be given prompt written notice detailing such
unsatisfactory performance and an opportunity to cure. If the unsatisfactory performance is cured within thirty (30) days after such written notice, all such payments shall continue to be made to Executive. 

7.      Other Compensation and Benefits.   Except as specially set
forth herein, Executive is due no other compensation or benefits. Notwithstanding any other plan or agreement, Executive agrees that as of the date of entering into this Agreement, Executive is no longer entitled to (a) any benefits on account
of a termination in connection with a change-in-control of the Company (e.g., increased severance or vesting acceleration of equity awards) or (b) any future
equity grants. 
 8.      Employment Reference.   For purposes of
inquiries from prospective employers, the Company agrees to provide neutral employment information such as Executive’s dates of employment, job title(s) and salary. All inquiries from prospective employers shall be directed to John Gabrielli,
SVP & Chief Human Resources Officer. 
 9.      Affirmation of Executive
Covenants.   In executing this Separation Agreement and as a condition to the Company’s performance of its obligations herein, Executive hereby reaffirms his Executive Covenants as set forth in Section 6 of the
Severance Agreement (Exhibit A). Further, Executive acknowledges and expressly agrees that the Company shall have 

  
 - 3 - 

 
the unilateral right to immediately discontinue payment of any amounts under Section 5 of this Separation Agreement in the event that Executive materially breaches any
of his post-employment obligations under Section 6 of the Severance Agreement. In addition, the U.S. Defend Trade Secrets Act of 2016 (the “DTSA”) provides that an individual shall not be held criminally or civilly liable under
any federal or state trade secret law for the disclosure of a trade secret that (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (ii) solely for the
purpose of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. In addition, the DTSA provides that an individual who
files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (x) files
any document containing the trade secret under seal and (y) does not disclose the trade secret, except pursuant to court order. 

10.      Return of Company Property.   Executive agrees that,
within 7 days after the Separation Date, he will return to the Company all property of the Company in his possession including, without limitation, all computers, records, paper and electronic files, documents, software programs, and copies thereof,
pertaining to the business of the Company, which records, files, documents and programs may constitute trade secrets and proprietary information belonging solely to the Company. Executive may not retain copies of any such records, files, documents
or programs, and hereby relinquishes and assigns to the Company any and all rights, if any, that he may have in any such records, files, documents or programs. 

11.      Nondisclosure of Confidential, Attorney-Client, Attorney Work Product
Information. Executive agrees that he will not disclose any communications that are protected under the attorney-client privilege, the work product doctrine, or any other privilege at common law.    Further,
Executive acknowledges and expressly agrees that the Company shall have the unilateral right to immediately withhold or discontinue any payments under Section 5 of this Separation Agreement in the event that Executive
materially breaches this provision. 
 12.      Indemnification.  
To the maximum extent permitted by law and the Company’s by-laws, Section 5 of the Severance Agreement (relating to indemnification and directors’ and officers’ insurance) shall remain
in full force and effect, shall apply through the Transition Period and the Consulting Period, and shall survive termination of Executive’s employment and termination of the Severance Agreement. The Director and Officer Indemnification
Agreement between Executive and Abercrombie & Fitch Co. dated October 20, 2014 (executed by Abercrombie & Fitch Co. on November 7, 2014) (attached hereto as Exhibit C) shall remain in full force and effect to the
maximum extent permitted by its terms. 
 13.      Communication
Plan.    Promptly following execution of this Separation Agreement, the Company shall consult with the Executive in developing a communication plan relating to his separation from employment. Executive agrees that
he will not disclose his separation from employment with the Company to any employee of the Company or any third party (other than his attorneys, accountants or immediate family members) until the Company publicly discloses such separation according
to such communication plan. 

  
 - 4 - 

 14.      CLE
Participation.   During the Transition Period and the Consulting Period, Executive may continue to participate as a speaker in continuing legal education and similar events (the “Speaking Engagements”) on a
basis consistent with his prior participation during his employment with the Company, subject to Company approval for each such Speaking Engagement. At each such Speaking Engagement, once approved, Executive will indicate that he is not speaking on
behalf of the Company and that the views expressed are his own. 
 15.      Future
Cooperation.   Following the Separation Date and thereafter, Executive agrees that he shall, without any additional compensation, respond to reasonable requests for information from the Company regarding matters that may arise in
the Company’s business. Executive agrees that he will respond to any such requests from the Company promptly. Executive further agrees to fully and completely cooperate with the Company, its advisors and its legal counsel with respect to any
litigation that is pending against the Company and any claim or action that may be filed against the Company in the future. Such cooperation shall include making himself available at reasonable times and places for interviews, reviewing documents,
testifying in a deposition or a legal or administrative proceeding, and providing advice to the Company in preparing defenses to any pending or potential future claims against the Company. The Company agrees to reimburse Executive for any approved
travel expenses incurred as a result of his cooperation with the Company. With respect to consideration of the reasonableness of Executive’s promptness and availability in fulfilling Company requests under this
Section 15, Executive’s other professional obligations shall be taken into account. 

16.      Taxes. The Company may withhold from any amounts payable under this
Separation Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling. Notwithstanding any other provision of this Separation Agreement, the Company shall not be
obligated to guarantee any particular tax result for Executive with respect to any payment provided to Executive hereunder, and Executive shall be responsible for any taxes imposed on Executive with respect to any such payment. The provisions of
Section 4 of the Severance Agreement (relating to Section 409A of the Internal Revenue Code) are incorporated herein by reference. 

17.      Reemployment or Future Association. Executive hereby agrees that he
shall not seek reinstatement or apply for future employment with the Company or any of its affiliates and subsidiaries; and should Executive apply for reinstatement or re-employment in violation of this
Section 17, neither the Company nor any of its affiliates and subsidiaries shall incur any liability by virtue of its or their refusal to hire him or consider him for employment. 

18.      Governing Law.   This Separation Agreement shall in all
respects be interpreted, construed and governed by and in accordance with the internal substantive laws of the State of Ohio. 

19.      Severability.   Should any provision of this Separation
Agreement be declared or be determined by any court to be invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby, and said invalid part, term or provision shall be deemed not to be part of this Separation
Agreement. The waiver of a breach of any of the provisions of this Separation Agreement shall not operate or be construed as a waiver of any other provision of 

  
 - 5 - 

 
this Separation Agreement or a waiver of any subsequent breach of the same provision. Notwithstanding the foregoing, if the Release is invalidated, this Separation Agreement is nullified in its
entirety and the Company shall have no obligations under this Separation Agreement. 

20.      Voluntary Execution.  Executive acknowledges that he is executing
this Separation Agreement voluntarily and of his own free will and that he fully understands and intends to be bound by the terms of this Separation Agreement. Further, Executive acknowledges that he has received a copy of this Separation Agreement
on July 25, 2018 and has had an opportunity to carefully review this Separation Agreement with his attorney prior to executing it or warrants that he chooses not to have his attorneys review this Separation Agreement prior to signing.
Executive will be responsible for any attorneys’ fees incurred in connection with the review of this Separation Agreement by his attorneys. This Separation Agreement may be executed in counterparts and by signatures transmitted by fax or email.

 21.      Entire Agreement.   This Separation Agreement, the
Severance Agreement (Exhibit A), the Release (Exhibit B), the Director and Officer Indemnification Agreement between Executive and Abercrombie & Fitch Co. dated October 20, 2014
(executed by Abercrombie & Fitch Co. on November 7, 2014) (Exhibit C), the Equity Grant Agreements, and the Long-Term Incentive Plans constitute the entire agreement between the Company and Executive with respect to the subject
matter of this Separation Agreement, and there are no other written or oral agreements, understandings or arrangements except as set forth herein. Any amendments, additions or other modifications to this Separation Agreement must be done in writing,
signed by both parties, and subject to approval of the Company’s Board in order to be binding. 

22.      Successors and Assigns.   This Separation Agreement shall bind
and inure to the benefit of and be enforceable by Executive, the Company and their respective heirs, executors, personal representatives, successors and assigns, except that neither party may assign any rights or delegate any obligations hereunder
without the prior written consent of the other party. Executive hereby consents to the assignment by the Company of all of its rights and obligations hereunder to any successor to the Company by merger or consolidation or purchase of all or
substantially all of the Company’s assets, provided such transferee or successor assumes the liabilities of the Company hereunder. 

IN WITNESS WHEREOF, Executive and a duly authorized representative of the Company hereby certify that they have read
this Separation Agreement in its entirety and voluntarily executed it as of the date set forth under their respective signatures. 
  

[SIGNATURES ON FOLLOWING PAGE] 

  
 - 6 - 

							
	 ABERCROMBIE & FITCH

MANAGEMENT CO.
	  		  	 ROBERT BOSTROM

				
	 By:
	 	 /s/ Fran Horowitz
	  		  	 /s/ Robert Bostrom

		 	 Fran Horowitz
	  		  	 Executive Signature

		 	 Chief Executive Officer
	  		  	
			
	 7/25/18
	  		  	 7/25/18

	 Date of Company’s Signature
	  		  	 Date of Executive’s Signature

  
  
  

			
	 AGREED AND ACCEPTED

	
	 ABERCROMBIE & FITCH CO.

		
	 By:
	 	 /s/ Fran Horowitz

		 	 Fran Horowitz

		 	 Chief Executive Officer

                    7/25/18    
                                 

Date of Abercrombie & Fitch Co. Signature 
  

  
 - 7 - 

 EXHIBIT A 

SEVERANCE AGREEMENT 
  

 AGREEMENT 

This AGREEMENT (this “Agreement”), is entered into between Abercrombie & Fitch Management Co., a Delaware corporation (the
“Company”), and Robert Bostrom (the “Executive”) as of the execution date by the Company below (the “Effective Date”). 

WHEREAS, the Company and the Executive entered into an Agreement dated as of July 7, 2015 (the “Prior Agreement”) that sets forth
the terms under which the Executive may be entitled to severance benefits upon the occurrence of certain events; 
 WHEREAS, the Company and the
Executive desire to enter into this Agreement to alter and supersede the terms of the Prior Agreement, as set forth below. 
 NOW, THEREFORE, in
consideration of the mutual covenants contained herein, the Company and the Executive hereby agree as follows: 
  

	1.	Term of Agreement; Termination of Employment 

(a)        Term. The term of this Agreement shall be from the Effective Date and for a period of two
years thereafter (the “Original Term”); provided, that, this Agreement shall be automatically extended, subject to earlier termination as provided herein, for successive additional one year periods (each, an “Additional
Term”), on the second anniversary of the Effective Date and each subsequent anniversary thereof unless, at least 90 days before the date on which an Additional Term otherwise would automatically begin, the Company or the Executive notifies
the other in writing that the Term (as defined below) shall not be extended by any Additional Terms thereafter. Notwithstanding the foregoing, if a Change of Control (as defined below) occurs during the Original Term or an Additional Term, the term
of this Agreement shall extend until the later of the Original Term or an Additional Term or the 18-month anniversary of such Change of Control (such extension, together with the Original Term or any
Additional Terms, the “Term”). 

(b)        At-Will Nature of Employment. The Executive
acknowledges and agrees that the Executive’s employment with the Company is and shall remain “at-will” and the Executive’s employment with the Company may be terminated at any time and for
any reason (or no reason) by the Company, with or without notice, or the Executive, subject to the terms of this Agreement. During the period of the Executive’s employment with the Company, the Executive shall perform such duties and fulfill
such responsibilities as reasonably requested by the Company from time to time commensurate with the Executive’s position with the Company. 

(c)        Termination of Employment by the Company. During the Term, the Company may terminate the
Executive’s employment at any time with or without Cause (as defined below) pursuant to the Notice of Termination provision below. 

(d)        Termination of Employment by the Executive. During the Term, the Executive may terminate
employment with the Company with or without Good Reason (as defined below) by delivering to the Company, not less than thirty (30) days prior to 

 
the Termination Date, a written notice of termination; provided, that, if such termination of employment is by the Executive with Good Reason, such notice shall state in reasonable detail the
facts and circumstances that constitute Good Reason. This provision does not change the at-will nature of Executive’s employment, and the Company may end Executive’s employment, pursuant to
Executive’s notice, prior to the expiration of the thirty (30) days’ notice. 

(e)        Notice of Termination. Any termination of the Executive’s employment by the Company or by
the Executive shall be communicated by a written Notice of Termination addressed to the Executive or the Company, as applicable. A “Notice of Termination” shall mean a notice stating that the Executive’s employment with the
Company has been or will be terminated and the specific provisions of this Section 1 under which such termination is being effected. 

(f)         Termination Date. Subject to Section 4(a) hereof, “Termination
Date” as used in this Agreement shall mean in the case of the Executive’s death or Disability (as defined below), the date of death or Disability, or in all other cases of termination by the Company or the Executive, the date specified
in writing by the Company or the Executive as the Termination Date in accordance with Section 1(e). 
  

	2.	Compensation Upon Certain Terminations by the Company. 

(a)        Termination Without Cause or for Good Reason. If the Executive’s employment is terminated
during the Term (i) by the Company without Cause (other than as a result of the Executive’s death or Disability), or (ii) by the Executive for Good Reason, in each case, other than during the COC Protection Period (as defined below),
the Company shall (A) pay to the Executive any portion of Executive’s accrued but unpaid base salary earned through the Termination Date; (B) pay to the Executive any annual bonus that was earned by the Executive for the fiscal year
immediately preceding the fiscal year in which the Termination Date occurs, to the extent not already paid; (C) reimburse the Executive for any and all amounts advanced in connection with Executive’s employment with the Company for
reasonable and necessary expenses incurred by Executive through the Termination Date in accordance with the Company’s policies and procedures on reimbursement of expenses; (D) pay to the Executive any earned vacation pay not theretofore
used or paid in accordance with the Company’s policy for payment of earned and unused vacation time; and (E) provide to the Executive all other accrued but unpaid payments and benefits to which Executive may be entitled under the terms of
any applicable compensation arrangement or benefit plan or program of the Company (excluding any severance plan or policy of the Company) (collectively, the “Accrued Compensation”). In addition, provided that the Executive executes
a release of claims in a form acceptable to the Company (a “Release”), returns such Release to the Company by no later than 45 days following the Termination Date (the “Release Deadline”) and does not revoke such
Release prior to the expiration of the applicable revocation period (the date on which such Release becomes effective, the “Release Effective Date”), then subject to the further provisions of Sections 3, 4, and 6 below, the Company
shall have the following obligations with 

  
 2 

 
respect to the Executive (or the Executive’s estate, if applicable), subject to applicable taxes and withholdings: 
  

	 	(1)	The Company will continue to pay the Executive’s Base Salary (as defined below) during the period beginning on the Executive’s Termination Date and continuing for eighteen months thereafter (“Salary
Continuation”). This Salary Continuation payment shall be paid in bi-weekly installments, consistent with the Company’s payroll practices. Subject to Sections 4(c) and 4(d) hereof, the first such
payment shall be made on the first payroll date following the Release Effective Date, such payment to include all payments that would have otherwise been payable between the Termination Date and the date of such payment. 

 

	 	(2)	The Company will pay to the Executive, at such time as those executives who are actively employed with the Company would receive payments under the Company’s short-term cash bonus plan in which the Executive was
eligible to participate immediately prior to the Termination Date (but in no event later than the 15th day of the third month of the fiscal year following the fiscal year in which the Termination Date occurred), a
pro-rated amount of the Executive’s bonus under such plan, based on the actual performance during the applicable period, determined in accordance with the terms of the Plan and subject to the approval of
the Compensation and Organization Committee of the Board of Directors. The pro-rated amount shall be calculated using a fraction where the numerator is the number of days from the beginning of the applicable
bonus period through the Termination Date and the denominator is the total number of days in the applicable bonus period. 

  

	 	(3)	 Subject to the Executive’s timely election of continuation coverage under the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”), during the period in which Salary Continuation is in effect, the Company shall reimburse the Executive for 100% of the monthly premium costs of COBRA coverage, less applicable
withholding taxes on such reimbursement; provided, however, that the Company’s obligation to provide such benefits shall cease upon the earlier of (i) the Executive’s becoming eligible for such benefits as the result of employment
with another employer and (ii) the expiration of the Executive’s right to continue such medical and dental benefits under applicable law (such as COBRA); provided, further, that notwithstanding the foregoing, the Company shall not be
obligated to provide the continuation coverage contemplated by this Section 2(a)(3) if it would result in the imposition of excise taxes on the Company for failure to comply with the nondiscrimination

  
 3 

	 	
requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and the Health Care and Education Reconciliation Act of 2010, as amended (to the extent applicable).

 For the avoidance of doubt, the payments and obligations set forth in this Section 2(a) shall be in lieu of any payments due to the Executive
under the Prior Agreement. 
 (b)        Termination for Cause, without Good Reason, or Death. If the
Executive’s employment is terminated during the Term by the Company for Cause, by the Executive without Good Reason or by reason of the Executive’s death, the Company shall provide the Executive (or the Executive’s estate, if
applicable) with only the Accrued Compensation. 
 (c)        Termination due to Disability. If the
Executive’s employment is terminated by the Company by reason of the Executive’s Disability, the Company shall have the following obligations with respect to the Executive (or the Executive’s estate, if applicable): (i) the Company
shall provide the Executive with the Accrued Compensation; and (ii) the Executive shall be entitled to receive any disability benefits available under the Company’s Long-Term Disability Plan (if any). For purposes of this Agreement,
“Disability” means a physical or mental infirmity which impairs the Executive’s ability to substantially perform the Executive’s duties with the Company or its subsidiaries for a period of at least six (6) months in
any twelve (12)-month calendar period as determined in accordance with the Company’s long-term disability plan or, in the absence of such plan, as determined by the Company’s Board of Directors (the “Board”). 

(d)        Change of Control. If the Executive’s employment is terminated during the Term
(i) by the Company other than for Cause, or due to the Executive’s death or Disability or (ii) by the Executive for Good Reason, in each case, during the three months prior to, and the eighteen months following, a Change of Control
(such period, the “COC Protection Period”), then the Company shall provide the Executive with the Accrued Compensation and, subject to the Executive executing a Release, returning such Release to the Company by no later than the
Release Deadline, and not revoking such Release prior to the expiration of the applicable revocation period, and subject to the further provisions of Sections 2(j), 3, 4 and 6 below, and in lieu of any payments due to the Executive in the Prior
Agreement, the Company shall have the following obligations with respect to the Executive (or the Executive’s estate, if applicable), subject to applicable taxes and withholdings: 

 

	 	(1)	 The Company will pay the Executive an amount equal to eighteen months of the Executive’s Base Salary in effect on the
Termination Date. Subject to Sections 4(c) and 4(d) hereof, such amount shall be payable in a lump sum on the sixtieth (60th) day following the Termination Date, except to the extent that such
amount becomes payable on account of a termination that occurs other than during the twelve month period following a Change of Control. To that extent, the amount shall be paid at the time described in Section

  
 4 

	 	
2(a)(1) to the extent necessary to avoid the imposition of tax penalties under Section 409A of the Code. 

 

	 	(2)	The Company will pay Executive an amount equal to 1.5 times the Executive’s Target Bonus. Subject to Sections 4(c) and 4(d) hereof, such amount shall be payable in a lump sum on the sixtieth (60th) day following the Termination Date. 

  

	 	(3)	Subject to the Executive’s timely election of continuation coverage under COBRA for a period of eighteen months following the Termination Date, the Company shall reimburse the Executive for 100% of the monthly
premium costs of COBRA coverage, less applicable withholding taxes on such reimbursement; provided, however, that the Company’s obligation to provide such benefits shall cease upon the earlier of (i) the Executive’s becoming eligible
for such benefits as the result of employment with another employer and (ii) the expiration of the Executive’s right to continue such medical and dental benefits under applicable law (such as COBRA); provided, further, that notwithstanding
the foregoing, the Company shall not be obligated to provide the continuation coverage contemplated by this Section 2(d)(3) if it would result in the imposition of excise taxes on the Company for failure to comply with the nondiscrimination
requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and the Health Care and Education Reconciliation Act of 2010, as amended (to the extent applicable). 

For the avoidance of doubt, the payments and obligations set forth in this Section 2(d) shall be in lieu of any payments due to the Executive under the Prior
Agreement. 
 (e)        Definitions. 

 

	 	(1)	Base Salary. For the purpose of this Agreement, “Base Salary” shall mean the Executive’s annual rate of base salary as in effect on the applicable date; provided, however, that if the
Executive’s employment with the Company is being terminated by the Executive for Good Reason as a result of a reduction in the Executive’s Base Salary, then “Base Salary” shall, for purposes of the definition of “Good
Reason” and Section 3 of this Agreement, constitute the Executive’s Base Salary as in effect prior to such reduction. 

  

	 	(2)	 Cause. For purposes of this Agreement, “Cause” shall mean: (i) the Executive’s conviction of, or
entrance of a plea of guilty or nolo contendere to, a felony under federal or state law; (ii) fraudulent conduct by the Executive in connection with the business affairs of the Company; (iii) the Executive’s willful refusal to
materially 

  
 5 

	 	
perform the Executive’s duties hereunder; (iv) the Executive’s wiilful misconduct which has, or would have if generally known, a materially adverse effect on the business or
reputation of the company; or (v) the Executive’s material breach of a covenant, representation, warranty or obligation of the Executive to the Company. With respect to the circumstances in subsections (iii), (iv), and (v), above, such
circumstances will only constitute “Cause” once the Company has provided the Executive written notice and the Executive has failed to cure such issue within 30 days. No act or failure to act on the Executive’s part shall be considered
“willful” unless done, or omitted to be done, by the Executive in bad faith and without reasonable belief that the Executive’s action or omission was in the best interest of the Company. 

 

	 	(3)	Change of Control. For purposes of this Agreement, “Change of Control” shall have the same meaning as such term is defined in the Company’s 2016 Long-Term Incentive Plan for Associates;
provided, however, that for purposes of this Agreement, such definition shall only apply to the extent that the event that constitutes such a “Change of Control” also constitutes a “change in ownership or control”
as such term is defined in Section 409A of the United States Internal Revenue Code of 1986, as amended (the “Code”), and the regulations and guidance issued thereunder (“Section 409A of the Code”).

  

	 	(4)	Good Reason. For purposes of this Agreement, “Good Reason” shall mean, without the Executive’s written consent: (i) a reduction in the Executive’s Base Salary or Target Bonus as in effect
from time to time; (ii) a material reduction (including as a result of any co-sharing of responsibilities arrangement) of the Executive’s authority, responsibilities, or duties, (iii) a
requirement that the Executive be based at a location in excess of 50 miles from the location of its principal executive office as of the date of this Agreement; (iv) the Company fails to obtain the written assumption of its obligations to the
Executive under this Agreement by a successor no later than the consummation of a Change of Control; (v) a material breach by the Company of its obligations to the Executive under this Agreement; or (vi) in anticipation or contemplation of
or following a Change of Control, as defined above, a material adverse change in the Executive’s reporting structure; which in each of the circumstances described above, is not remedied by the Company within 30 days of receipt of written notice
by the Executive to the Company; so long as the Executive provides such written notice to the Company no later than 90 days following the first date the event giving rise to a claim of Good Reason exists; 

  
 6 

	 	(5)	Target Bonus. “Target Bonus” shall mean the percentage of the Executive’s Base Salary equal to the Executive’s short-term cash bonus opportunity under the terms of the applicable short-term
cash bonus program in which the Executive is entitled to participate in respect of the fiscal year of the Company in which the Termination Date occurs (if any); provided, however, that if the Executive’s employment with the Company is
terminated by the Executive for Good Reason as a result of a reduction in the Executive’s Target Bonus, then “Target Bonus” shall mean the Executive’s Target Bonus as in effect immediately prior to such reduction.

 (f)         Mitigation. The Executive shall not be required to mitigate the
amount of any payment provided for in this Section 2 by seeking other employment or otherwise and no such payment or benefit shall be eliminated, offset or reduced by the amount of any compensation provided to the Executive in any subsequent
employment, except as provided in Section 2(a)(3) or Section 2(d)(3). 
 (g)        Resignation
from Office. The Executive’s termination of employment with the Company for any reason shall be deemed to automatically remove the Executive, without further action, from any and all offices held by the Executive with the Company or its
affiliates. The Executive shall execute such additional documents as requested by the Company from time to time to evidence the foregoing. 

(h)        Exclusivity. This Agreement is intended to provide severance payments and/or benefits only
under the circumstances expressly enumerated under Section 2 hereof. Unless otherwise determined by the Company in its sole discretion, in the event of a termination of the Executive’s employment with the Company for any reason (or no
reason) or at any time other than as expressly contemplated by Section 2 hereof, the Executive shall not be entitled to receive any severance payments and/or benefits or other further compensation from the Company hereunder whatsoever, except
for the Accrued Compensation and any other rights or benefits to which the Executive is otherwise entitled pursuant to the requirements of applicable law. Except as otherwise expressly provided in this Section 2, all of the Executive’s
rights to salary, bonuses, fringe benefits and other compensation hereunder (if any) which accrue or become payable after the Termination Date will cease upon the Termination Date. 

(i)         Set-Off. The Executive agrees that, to the
extent permitted by applicable law, the Company may deduct from and set-off against any amounts otherwise payable to the Executive under this Agreement such amounts as may be owed by the Executive to the
Company. The Executive shall remain liable for any part of the Executive’s payment obligation not satisfied through such deduction and setoff. 

(j)         Exclusive Remedies. The Executive agrees and acknowledges that the payments and benefits
set forth in this Section 2 shall be the only payments and benefits to which the Executive is entitled from the Company in connection with the termination of the Executive’s employment with the Company, and that neither the

  
 7 

 
Company nor its subsidiaries shall have any liability to the Executive or the Executive’s estate, whether under this Agreement, the Prior Agreement or otherwise, in connection with the
termination of the Executive’s employment. 
 3.        Limitations on Certain Payments. Notwithstanding any
provision of this Agreement to the contrary, if any amount or benefit to be paid or provided under this Agreement or otherwise would be an “excess parachute payment,” within the meaning of Section 280G of the Code, or any successor
provision thereto, but for the application of this sentence, then the payments and benefits identified in the second to last sentence of this Section 3 to be paid or provided will be reduced to the minimum extent necessary (but in no event to
less than zero) so that no portion of any such payment or benefit, as so reduced, constitutes an excess parachute payment; provided, however, that the foregoing reduction will be made only if and to the extent that such reduction would result in an
increase in the aggregate payment and benefits to be provided to the Executive, determined on an after-tax basis (taking into account the excise tax imposed pursuant to Section 4999 of the Code, or any
successor provision thereto, any tax imposed by any comparable provision of state law, and any applicable federal, state and local income and employment taxes). Whether requested by the Executive or the Company, the determination of whether any
reduction in such payments or benefits to be provided under this Agreement or otherwise is required pursuant to the preceding sentence will be made at the expense of the Company by a certified accounting firm that is independent from the Company. In
the event that any payment or benefit intended to be provided under this Agreement or otherwise is required to be reduced pursuant to this Section 3, the Company will reduce the Executive’s payments and/or benefits, to the extent required,
in the following order: (a) the payments due under Section 2(d)(3) (beginning with the payment farthest out in time that would otherwise be paid); (b) the payments due under Section 2(d)(1) (beginning with the payment farthest out in
time that would otherwise be paid); (c) the payment due under Section 2(d)(2). The assessment of whether or not such payments or benefits constitute or would include excess parachute payments shall take into account a reasonable compensation
analysis of the value of services provided or to be provided by the Executive, including any agreement by the Executive (if applicable) to refrain from performing services pursuant to a covenant not to compete or similar covenant applicable to you
that may then be in effect. 
  

	4.	Section 409A of the Code; Withholding. 

  

	 	(a)	This Agreement is intended to avoid the imposition of taxes and/or penalties under Section 409A of the Code. The parties agree that this Agreement shall at all times be interpreted, construed and operated in a
manner to avoid the imposition of taxes and/or penalties under with Section 409A of the Code. To the extent required for compliance with Section 409A of the Code, all references to a termination of employment and separation from service
shall mean “separation from service” as defined in Section 409A of the Code, and the date of such “separation from service” shall be referred to as the “Termination Date”. 

  
 8 

	 	(b)	All reimbursements provided under this Agreement shall comply with Section 409A of the Code and shall be subject to the following requirement: (i) the amount of expenses eligible for reimbursement, during the
Executive’s taxable year may not affect the expenses eligible for reimbursement to be provided in another taxable year; and (ii) the reimbursement of an eligible expense must be made by December 31 following the taxable year in which
the expense was incurred. The right to reimbursement is not subject to liquidation or exchange for another benefit. 

  

	 	(c)	Notwithstanding anything in this Agreement to the contrary, for purposes of the period specified in this Agreement relating to the timing of the Executive’s execution of the Release as a condition of the
Company’s obligation to provide any severance payments or benefits, if such period would begin in one taxable year and end in a second taxable year, any payment otherwise due to the Executive upon execution of the Release shall be made in the
second taxable year and without regard to when the Release was executed or became irrevocable. 

  

	 	(d)	If the Executive is a “specified employee” (as defined under Section 409A of the Code) on the Executive’s Termination Date, to the extent that any amount payable under this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code (and is not otherwise excepted from Section 409A of the Code coverage by virtue of being considered “separation pay”
or a “short term deferral” or otherwise) and is payable to Executive based upon a separation from service, such amount shall not be paid until the first day following the six (6) month anniversary of the Executive’s Termination
Date or the Executive’s death, if earlier. 

  

	 	(e)	To the maximum extent permitted under Section 409A of the Code, the payments and benefits under this Agreement are intended to meet the requirements of the short-term deferral exemption under Section 409A of
the Code and the “separation pay exception’” under Treasury Regulation §1.409A-1(b)(9)(iii). Any right to a series of installment payments shall be treated as a right to a series of
separate payments for purposes of Section 409A of the Code. 

  

	 	(f)	All amounts due and payable under this Agreement shall be paid less all amounts required to be withheld by law, including all applicable federal, state and local withholding taxes and deductions. 

5.        Indemnification. The Company shall indemnify, defend, and hold the Executive harmless to the maximum extent
permitted by law and the Company by-laws against all judgments, fines, amounts paid in settlement and all reasonable expenses, including attorneys’ fees incurred by the Executive, in connection with the
defense of or as a result of any action or proceeding (or any appeal from any action or proceeding) in which the Executive is made or is threatened to be made a party by reason of the fact 

  
 9 

 
that the Executive is or was an officer or director of the Company. Subject to the terms of the Company’s director and officer indemnification policies then in effect, the Company
acknowledges that the Executive will be covered and insured up to the full limits provided by all directors’ and officers’ insurance which the Company then maintains to indemnify its directors and officers. 

 

	6.	Executive Covenants. 

  

	 	(a)	For the purposes of this Section 6, the term “Company” shall include Abercrombie & Fitch Management Co. and all of its subsidiaries, parent companies and affiliates thereof

  

	 	(b)	Non-Disclosure and Non-Use. The Executive shall not, during the Term and at all times thereafter, without the written authorization
of the Chief Executive Officer (“CEO”) of the Company or such other executive governing body as may exist in lieu of the CEO, (hereinafter referred to as the “Executive Approval”), use (except for the benefit of the
Company) any Confidential and Trade Secret Information relating to the Company. The Executive shall hold in strictest confidence and shall not, without the Executive Approval, disclose to anyone, other than directors, officers, employees and counsel
of the Company in furtherance of the business of the Company, any Confidential and Trade Secret Information relating to the Company. For purposes of this Agreement, “Confidential and Trade Secret Information” includes: the general
or specific nature of any concept in development, the business plan or development schedule of any concept, vendor, merchant or customer lists or other processes, know-how, designs, formulas, methods,
software, improvements, technology, new products, marketing and selling plans, business plans, development schedules, budgets and unpublished financial statements, licenses, prices and costs, suppliers, and information regarding the skills,
compensation or duties of employees, independent contractors or consultants of the Company and any other information about the Company that is proprietary or confidential. Notwithstanding the foregoing, nothing herein shall prevent the Executive
from disclosing Confidential and Trade Secret Information to the extent required by law or by any court or regulatory authority having actual or apparent authority to require such disclosure or in connection with any litigation or arbitration
involving this Agreement. 

 The restrictions set forth in this Section 6(b) shall not apply to information that is or becomes
generally available to the public or known within the Company’s trade or industry (other than as a result of its wrongful disclosure by the Executive), or information received on a non-confidential basis
from sources other than the Company who are not in violation of a confidentiality agreement with the Company. 
 The Executive further represents and
agrees that, during the Term and at all times thereafter, the Executive is obligated to comply with the rules and 

  
 10 

 
regulations of the Securities and Exchange Commission (“SEC”) regarding trading shares and/or exercising options related to the Company’s stock. The Executive acknowledges
that the Company has not provided opinions or legal advice regarding the Executive’s obligations in this respect and that it is the Executive’s responsibility to seek independent legal advice with respect to any stock or option
transaction. 
  

	 	(c)	Non-Disparagement and Cooperation. Neither the Executive nor any officer, director of the Company, nor any other spokesperson authorized as a spokesperson by any officer or
director of the Company, shall, during the Term or at any time thereafter, intentionally state or otherwise publish anything about the other party which would adversely affect the reputation, image or business relationships and goodwill of the other
party in the market and community at large. During the Term and at all times thereafter, the Executive shall fully cooperate with the Company in defense of legal claims asserted against the Company and other matters requiring the testimony or input
and knowledge of the Executive. If at any time the Executive should be required to cooperate with the Company pursuant to this Section 6(c), the Company agrees to promptly reimburse the Executive for reasonable documented costs and expenses
incurred as a result thereof. The Executive agrees that, during the Term and at all times thereafter, the Executive will not speak or communicate with any party or representative of any party, who is known to the Executive to be either adverse to
the Company in litigation or administrative proceedings or to have threatened to commence litigation or administrative proceedings against the Company, with respect to the pending or threatened legal action, unless the Executive receives the written
consent of the Company to do so, or is otherwise compelled by law to do so, and then only after advance notice to the Company. Nothing herein shall prevent the Executive from pursuing any claim in connection with enforcing or defending the
Executive’s rights or obligations under this Agreement, or engaging in any activity as set forth in Section 14 of this Agreement. 

  

	 	(d)	 Non-Competition. For the period of Executive’s employment with the
Company and its subsidiaries and for twelve (12) months following Executive’s Termination Date with the Company and its subsidiaries for any reason (the “Non-Competition Period”),
Executive shall not, directly or indirectly, without the Executive Approval, own, manage, operate, join, control, be employed by, consult with or participate in the ownership, management, operation or control of, or be connected with (as a
stockholder, partner, or otherwise), any entity listed on Appendix A attached to this Agreement, or any of their current or future divisions, subsidiaries or affiliates (whether majority or minority owned), even if said division, subsidiary
or affiliate becomes unrelated to the entity on Appendix A at some future date, or any other entity engaged in a business that is competitive with the Company in any part of the world in which the

  
 11 

	 	
Company conducts business or is actively preparing or considering conducting business (“Competing Entity”); provided, however, that the “beneficial ownership” by the
Executive, either individually or by a “group” in which the Executive is a member (as such terms are used in Rule 13d of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), of less than 2% of the voting stock of any publicly held corporation shall not be a violation of this Section 6(d). The Executive acknowledges and agrees that any consideration that the Executive received in respect of any non-competition covenant in favor of the Company or its subsidiaries entered into prior to the date hereof shall be incorporated herein as consideration for the promises set forth in this Section 6(d) and that
the provisions contained in this Section 6(d) shall supersede any prior non-competition covenants between the Executive and the Company or its subsidiaries. 

 

	 	(e)	Non-Solicitation. For the period of Executive’s employment with the Company and its subsidiaries and for twenty-four (24) months following Executive’s
Termination Date with the Company and its subsidiaries for any reason (“Non-Solicitation Period”), the Executive shall not, either directly or indirectly, alone or in conjunction with another
party, interfere with or harm, or attempt to interfere with or harm, the relationship of the Company with any person who at any time was a customer or supplier of the Company or otherwise had a business relationship with the Company. During the Non-Solicitation Period, the Executive shall not hire, solicit for hire, aid in or facilitate the hire, or cause to be hired, either as an employee, contractor or consultant, any person who is currently employed, or
was employed at any time during the six-month period prior thereto, as an employee, contractor or consultant of the Company. The Executive acknowledges and agrees that any consideration that the Executive
received for in respect of any non-solicitation covenant in favor of the Company or its subsidiaries entered into prior to the date hereof shall be incorporated herein as consideration for the promises set
forth in this Section 6(e) and that the provisions contained in this Section 6(e) shall supersede any prior non-solicitation covenants between the Executive and the Company or its subsidiaries.

  

	 	(f)	 Confidentiality of this Agreement. Unless this Agreement is required to be publicly disclosed under applicable U.S.
securities laws, the Executive agrees that, during the Term and at all times thereafter, the Executive shall not speak about, write about, or otherwise publicize or disclose to any third party the terms of this Agreement or any fact concerning its
negotiation, execution or implementation, except with (i) an attorney, accountant, or other advisor engaged by the Executive; (ii) the Internal Revenue Service or other governmental agency upon proper request; or (iii) the
Executive’s immediate family; provided, that all such persons agree in advance to keep said information confidential and not to disclose 

  
 12 

	 	
it to others. This Section 6(f) shall not prohibit Executive from disclosing the terms of this Section 6 to a prospective employer. 

 

	 	(g)	Remedies. The Executive agrees that any breach of the terms of this Section 6 would result in irreparable injury and damage to the Company for which the Company would have no adequate remedy at law; the
Executive therefore also agrees that in the event of said breach or any threat of breach, the Company shall be entitled to an immediate injunction and restraining order to prevent such breach and/or threatened breach and/or continued breach by the
Executive and/or any and all persons and/or entities acting for and/or with the Executive, without having to prove damages. The terms of this Section 6(g) shall not prevent the Company from pursuing any other available remedies for any breach
or threatened breach hereof, including but not limited to the recovery of damages from the Executive. The Executive and the Company further agree that the confidentiality provisions and the covenants not to compete and solicit contained in this
Section 6 are reasonable and that the Company would not have entered into this Agreement but for the inclusion of such covenants herein. The parties agree that the prevailing party shall be entitled to all costs and expenses, including
reasonable attorneys’ fees and costs, in addition to any other remedies to which either may be entitled at law or in equity in connection with the enforcement of the covenants set forth in this Section 6. Should a court with jurisdiction
determine, however, that all or any portion of the covenants set forth in this Section 6 is unreasonable, either in period of time, geographical area, or otherwise, the parties hereto agree that such covenants or portion thereof should be
interpreted and enforced to the maximum extent that such court deems reasonable. In the event of any violation of the provisions of this Section 6, the Executive acknowledges and agrees that the post-termination restrictions contained in this
Section 6 shall be extended by a period of time equal to the period of such violation, it being the intention of the parties hereto that the running of the applicable post-termination of employment restriction period shall be tolled during any
period of such violation. In the event of a material violation by the Executive of this Section 6, any severance being paid to the Executive pursuant to Section 2 of this Agreement or otherwise shall immediately cease, and the aggregate
gross amount of any severance previously paid to the Executive shall be immediately repaid to the Company. 

  

	 	(h)	The provisions of this Section 6 shall survive any termination of this Agreement and any termination of the Executive’s employment, and the existence of any claim or cause of action by the Executive against
the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants and agreements of this Section 6. 

  
 13 

	7.	Successors and Assigns. 

  

	 	(a)	This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the Company shall require any successor or assign to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession or assignment had taken place. The term “the Company” as used herein shall include any such successors and assigns
to the Company’s business and/or assets. The term “successors and assigns” as used herein shall mean a corporation or other entity acquiring or otherwise succeeding to, directly or indirectly, all or substantially all the assets and
business of the Company (including this Agreement) whether by operation of law or otherwise. 

  

	 	(b)	Neither this Agreement nor any right or interest hereunder shall be assignable or transferable by the Executive, the Executive’s beneficiaries or legal representatives, except by will or by the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal personal representative. 

8.        Arbitration. Except with respect to the remedies set forth in Section 6(g) hereof, any controversy or
claim between the Company or any of its affiliates and the Executive arising out of or relating to this Agreement or its termination shall be settled and determined by a single arbitrator whose award shall be accepted as final and binding upon the
parties. The American Arbitration Association, under its Employment Arbitration Rules, shall administer the binding arbitration. The arbitration shall take place in Columbus, Ohio. The Company and the Executive each waive any right to a jury trial
or to a petition for stay in any action or proceeding of any kind arising out of or relating to this Agreement or its termination and agree that the arbitrator shall have the authority to award costs and attorney fees to the prevailing party. 

9.        Effect on Prior Agreements. Except as otherwise set forth herein, this Agreement supersedes all provisions in
prior agreements, either express or implied, between the parties hereto, with respect to post-termination payments and/or benefits, including the Prior Agreement; provided, that, this Agreement shall not supersede the Company’s 2005, 2007 or
2016 Long-Term Incentive Plans (or any other applicable equity plan) or any applicable award agreements evidencing equity-based incentive awards thereunder (the “Equity Documents”), and any rights of the Executive with respect to
equity-based incentive awards hereunder shall be in addition to, and not in lieu of, any rights pursuant to the Equity Documents. No provisions of this Agreement shall supersede or nullify the clawback provisions in the Equity Documents or any of
the applicable Company incentive compensation plans. For the avoidance of doubt, except as otherwise set forth herein, the post-termination payments and benefits provided herein shall be in lieu of, and not in addition to, any post-termination
payment or benefits provided under the terms of the Prior Agreement. 

  
 14 

 10.        Notice. For the purposes of this Agreement, notices and all other
communications provided for in this Agreement (including the Notice of Termination) shall be in writing and shall be deemed to have been duly given when personally delivered or sent by registered or certified mail, return receipt requested, postage
prepaid, or upon receipt if overnight delivery service or facsimile is used, addressed as follows: 
 To the Executive: 

To Executive’s last home address as listed in the books and records of the Company. 

To the Company: 
 Abercrombie & Fitch
Management Co. 
 6301 Fitch Path 
 New Albany, Ohio
43054 
 Attn: General Counsel 

11.       Miscellaneous. No provision of this Agreement may be modified, waived, or discharged unless such waiver,
modification, or discharge is agreed to in writing and signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement
to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreement or representations, oral or otherwise, express or implied, with respect to
the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. 

12.       Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the
State of Ohio without giving effect to the conflict of law principles thereof. Except as provided in Section 8, any actions or proceedings instituted under this Agreement with respect to any matters arising under or related to this Agreement
shall be brought and tried only in the Court of Common Please, Franklin County, Ohio. 
 13.       Severability. The
provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof, 

14.       Protected Rights. Nothing contained in this Agreement limits Executive’s ability to file a charge or complaint
with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local governmental agency or commission
(“Government Agencies”). Executive further understands that this Agreement does not limit Executive’s ability to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be
conducted by any Government Agency, including providing documents or other information, without notice to the Company. This Agreement does not limit Executive’s right to receive an award from a Government Agency for information provided to any
Government Agency. 

  
 15 

 IN WITNESS WHEREOF, the undersigned has hereto set his/her hand this   23rd   day of
    March    , 2017. 
  
 /s/ Robert
Bostrom     
  
 Robert Bostrom 

 
  
  

IN WITNESS WHEREOF, the undersigned has hereto set his hand this   10   day of
    May    , 2017 
  
 /s/ Arthur C.
Martinez     
  
 Arthur C. Martinez 

Executive Chairman of the Board of Directors 
 Abercrombie & Fitch Co. 

  
 16 

 Appendix A 

(all current and future (as described in Section 6(d) of the Agreement) subsidiaries, 

divisions and affiliates of the entities below) 
  

			
	 American Eagle Outfitters, Inc.

 
	  	 Gap, Inc.

 

	 J. Crew Group, Inc.
  
	  	 Pacific Sunwear of California,
Inc.
  

	 Urban Outfitters, Inc.

 
	  	 Aeropostale, Inc.

 

	 Polo Ralph Lauren Corporation

 
	  	 Ascena Retail Group

 

	 Lululemon Athletica, Inc.

 
	  	 Levi Strauss &
Co.
  

	 L Brands (formerly known as Limited Brands, including, without limitation, Victoria’s Secret,
Pink, Bath & Body Works, La Senza and Henri Bendel)
  
	  	Express, Inc.
	 Nike, Inc.
  
	  	 Under Armour, Inc.

 

	 Amazon.com, Inc.
  
	  	 

  

  
 17 

 EXHIBIT B 

RELEASE 
  

 RELEASE AGREEMENT 

This Release Agreement (“Release”) is entered into between Robert Bostrom (“Executive”), and
Abercrombie & Fitch Management Co. on behalf of itself, its parent, affiliates, subsidiaries, officers, agents, employees (current and former), successors, predecessors, assigns, and any and all other related persons, firms, corporations
and other legal entities (herein singularly and collectively called the “Company”). 
 WHEREAS, the Company and
Executive previously entered into an Agreement with an effective date of May 10, 2017 (the “Severance Agreement”); 

WHEREAS, the Company and Executive previously entered into a Separation Agreement executed by Executive on July 25, 2018 (the
“Separation Agreement”); 
 WHEREAS, pursuant to the Separation Agreement, Executive is required to execute and
not revoke this Release as provided in the Separation Agreement in order to receive the benefits in Section 5 of the Separation Agreement (the “Additional Severance Benefits”); 

NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the sufficiency and receipt of
which are hereby acknowledged, Executive agrees as follows: 
  

	1.	 Release. 

 

	 	(a)	 Executive, individually, and on behalf of Executive’s heirs, executors, administrators, and assigns,
agrees not to sue, acquits, releases, and forever discharges the Company, as collectively defined above, of and from all actions and causes of action, suits, debts, claims, and demands which may legally be waived by private agreement, in law or in
equity, which Executive ever had, or may now have, with respect to any aspect of Executive’s employment by, and/or separation of employment from, the Company, whether known or unknown to Executive at the time of execution of this Release,
including, but not limited to, claims for breach of contract (express or implied), personal injury, defamation and wrongful discharge; claims based on any oral or written agreements or promises, contract, constitutional provision, common law, public
policy, and tort; claims for retaliation, and/or discrimination or harassment in employment; and claims for compensatory, actual, special, consequential, reliance, punitive, exemplary and/or other damages for personal injuries, pain and suffering,
emotional distress, health care expenses, back pay, front pay, separation pay, wages, benefits, attorney’s fees, costs, interest or other monies, from the beginning of time through the date that Executive signs this Release with the exceptions
of: (a) any action the law precludes Executive from waiving by agreement; or, (b) any claim that the Company breached its commitments under this Release or Section 5 of the Separation Agreement; (c) treatment of Executive’s
equity awards as provided under the terms of Executive’s Equity Grant Agreements (as referenced in Section 2 of the Separation Agreement), the terms of the Long-Term Incentive Plans (as also referenced in Section 2 of the Separation
Agreement), and the terms of the Separation Agreement; (d) indemnification under applicable corporate law, the Severance Agreement, the Separation Agreement, the by-laws or certificate of incorporation of
the Company, or the Director and 

	 	 Officer Indemnification Agreement between Executive and Abercrombie & Fitch Co. (attached as Exhibit
C to the Separation Agreement); (e) coverage under any director’s and officer’s liability insurance policy; (f) documented, accrued and unpaid wages, benefits (including benefits under the Nonqualified Savings and Supplemental
Retirement Plan) and expense reimbursement owing for the period through the Separation Date (as defined in the Separation Agreement); or (g) claims that arise after the date Executive executes this Release. 

 

	 	(b)	 Executive agrees that, with the exception of any action the law precludes Executive from waiving by
agreement, Executive’s covenants and releases, as set forth in this Release, include a waiver of any and all rights or remedies under any present and/or future federal, state, local or foreign statute, law and/or regulation, including, but not
limited to: state and U.S. Constitutions; state common law; Title VII of the Civil Rights Act of 1964; the Civil Rights Act of 1866; the Civil Rights Act of 1991; the Americans with Disabilities Act; the Equal Pay Act; the Family and Medical Leave
Act; the Employee Retirement Income Security Act; the Age Discrimination in Employment Act; the Older Workers Benefit Protection Act; the Genetic Information Non-Discrimination Act; the Occupational Safety and
Health Act; the National Labor Relations Act; the federal Worker Adjustment and Retraining Notification Act; the Consolidated Omnibus Budget Reconciliation Act; the Ohio Civil Rights Act, Ohio Rev. Code Ch. 4112; any similar federal, state or local
statute or law applicable to Executive’s employment, all as amended. This Release is also intended to and shall release the Company from any and all wage and hour related claims arising out of or in any way connected with Executive’s
employment with the Company, to the maximum extent permitted by federal and state law. 

  

	 	(c)	 Executive intends that this Release shall bar each and every claim, demand and cause of action hereinabove
specified, whether known or unknown to Executive at the time of execution of this Release. As a result, Executive acknowledges that Executive might, in the future, discover claims or facts in addition to or different from those which Executive now
knows or believes to exist with respect to the subject matters of this Release and which, if known or suspected at the time of executing this Release, may have materially affected this settlement. Nevertheless, Executive hereby waives any rights,
claims, or causes of action that might arise as a result of such different or additional claims or facts. 

  

	2.	 Acknowledgements and Reporting. Executive acknowledges and agrees that Executive:
(a) has been properly paid for all hours worked at the Company; (b) has not suffered any on-the job injury at the Company for which Executive has not already filed a claim; (c) has not suffered
any unreported workplace injury at the Company through the Separation Date (as defined in the Separation Agreement) or re-aggravated any job injury Executive has already reported or for which Executive has
already filed a worker’s compensation claim; (d) has been properly provided any leave of absence at the Company because of Executive’s or a family member’s health condition; and, (e) has not been subjected to any improper
treatment, conduct or actions by the Company due to or related to Executive’s request for, or taking of, any leave of absence because of Executive’s own or a family member’s health condition. 

  
 - 2 - 

	3.	 Acceptance and Older Workers Benefit Protection Act Acknowledgements. Executive has at
least twenty-one (21) days during which to consider this Release. Any modifications to this Release, whether material or immaterial, will not restart this
twenty-one (21)-day period. Executive is not required to, but may, accept this Release by signing and returning it to the Company within
twenty-one (21) days from the date this Release was communicated to Executive. If Executive does not sign and return this Release by
                 (the “Release Deadline”), then all of the terms offered in this Release will expire and shall be deemed null and void and Executive
shall not be entitled to any of the Additional Severance Benefits set forth in Section 5 of the Separation Agreement. 

Executive acknowledges and agrees that: 
  

	 	(a)	 this Release, the Severance Agreement, and the Separation Agreement are written in plain and understandable
language which Executive fully understands; 

  

	 	(b)	 Executive was advised and hereby is advised in writing to consult with an attorney of Executive’s
choice prior to signing this Release; 

  

	 	(c)	 Executive is not waiving any claims that may arise after the execution of this Release; and,

  

	 	(d)	 The Additional Severance Benefits in Section 5 of the Separation Agreement exceed the amount to which
Executive would have otherwise been entitled from the Company. 

  

	4.	 Revocation. Executive understands that this Release may be revoked for a period of
seven (7) calendar days following Executive’s execution of the Release. The Release is not effective until this revocation period has expired. Executive understands that any revocation to be effective must be in writing and postmarked
within seven (7) calendar days of the execution of this Release and addressed to: Abercrombie & Fitch Management Co., 6301 Fitch Path, New Albany, Ohio 43054, Attention: John Gabrielli, SVP & Chief Human Resources Officer. If
revocation is by mail, then certified mail with return receipt requested is recommended to show proof of mailing. 

This Release shall become finally effective upon receipt of the signed document and the expiration of the above revocation
period. No Additional Severance Benefits under Section 5 of the Separation Agreement shall be provided to Executive until after the revocation period has expired. 
  

	5.	 Modification and Waiver. This Release shall not be changed, modified, terminated,
canceled or amended except by a written instrument signed by Executive and the Company. The failure to exercise, or a delay in exercising, any right, remedy or power under this Release shall not operate as a waiver thereof, nor shall any single or
partial exercise of any right, remedy or power under this Release preclude any other or further exercise thereof. 

  
 - 3 - 

	6.	 Severability. If any provision of this Release is judicially declared to be invalid or
unenforceable for any reason, in whole or in part, only such provision or provisions shall be invalid or unenforceable without invalidating or rendering unenforceable or otherwise affecting the remaining provisions of this Release, which shall
remain in full force and effect to the fullest extent permitted by law. 

  

	7.	 Headings. The headings used in this Release are descriptive only, are for the
convenience of identifying provisions, and are not determinative of the meaning or effect of any provision. 

  

	8.	 Voluntary Execution. Executive acknowledges that he is executing this Release
voluntarily and of his own free will and that he fully understands and intends to be bound of the terms of this Release. Further, Executive acknowledges that he has received a copy of this Release on
                    , and has had an opportunity to carefully review this Release with his attorney prior to executing it or warrants that he
chooses not to have his attorney review this Release prior to signing. Execution by facsimile or by an electronically transmitted signature shall be fully and legally binding. Executive acknowledges that this Release may not be executed prior to the
Separation Date (as defined in the Separation Agreement), and if Executive executes the Release prior to the Separation Date (as defined in the Separation Agreement), it is null and void. 

 

	9.	 Protected Rights. Nothing contained in this Release or in the Severance Agreement
limits Executive’s ability to file a charge or complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any
other federal, state or local governmental agency or commission (“Government Agencies”). Executive further understands that neither the Severance Agreement nor this Release limits Executive’s ability to communicate with any Government
Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. This Release and the Severance Agreement do not
limit Executive’s right to receive an award from a Government Agency for information provided to any Government Agency. 

IN WITNESS WHEREOF, Executive has executed and delivered this Release of the date set forth below. 

 

	
	 ROBERT BOSTROM

	
	  

	 Executive Signature

	
	  

	 Date of Executive’s Signature

  
 - 4 - 

 EXHIBIT C 

INDEMNIFICATION AGREEMENT 

 DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT 

This Director and Officer Indemnification Agreement, dated below, (this “Agreement”), is made by and between
Abercrombie & Fitch Co., a Delaware corporation (the “Company”), and Robert E. Bostrom (“Indemnitee”). 

RECITALS: 

A.       Section 141 of the Delaware General Corporation Law provides that the business and affairs of a
corporation shall be managed by or under the direction of its board of directors. 

B.        Pursuant to Sections 141 and 142 of the Delaware General Corporation Law, significant
authority with respect to the management of the Company has been delegated to the officers of the Company. 

C.        By virtue of the managerial prerogatives vested in the directors and officers of a Delaware
corporation, directors and officers act as fiduciaries of the corporation and its stockholders. 

D.        Thus, it is critically important to the Company and its stockholders that the Company be
able to attract and retain the most capable persons reasonably available to serve as directors and officers of the Company. 

E.        In recognition of the need for corporations to be able to induce capable and responsible
persons to accept positions in corporate management, Delaware law authorizes (and in some instances requires) corporations to indemnify their directors and officers, and further authorizes corporations to purchase and maintain insurance for the
benefit of their directors and officers. 
 F.        The Delaware courts have recognized that
indemnification by a corporation serves the dual policies of (1) encouraging capable women and men to serve as corporate directors and officers, secure in the knowledge that the corporation will absorb the costs of defending their honesty and
integrity and (2) allowing corporate officials to resist unjustified lawsuits, secure in the knowledge that, if vindicated, the corporation will bear the expense of litigation. 

G.        Delaware law also authorizes a corporation to pay in advance of the final disposition of an
action, suit or proceeding the expenses incurred by a director or officer in the defense thereof, and any such right to the advancement of expenses may be made separate and distinct from any right to indemnification and need not be subject to the
satisfaction of any standard of conduct or otherwise affected by the merits of any claims against the director or officer. 

H.        The number of lawsuits challenging the judgment and actions of directors and officers of
Delaware corporations, the costs of defending those lawsuits, and the threat to directors’ and officers’ personal assets have all materially increased over the past several years, chilling the willingness of capable women and men to
undertake the responsibilities imposed on corporate directors and officers. 

 I.      Recent federal legislation and rules adopted by the
Securities and Exchange Commission and the national securities exchanges have imposed additional disclosure and corporate governance obligations on directors and officers of public companies and have exposed such directors and officers to new and
substantially broadened civil liabilities. 
 J.      These legislative and regulatory initiatives have also
exposed directors and officers of public companies to a significantly greater risk of criminal proceedings, with attendant defense costs and potential criminal fines and penalties. 

K.      The authority of a corporation to indemnify and advance the costs of defense to its directors and
officers applies to criminal proceedings as well as to civil, administrative and investigative proceedings. 

L.      Indemnitee is a director or officer of the Company and his or her willingness to serve in such capacity
is predicated, in substantial part, upon the Company’s willingness to indemnify him or her in accordance with the principles reflected above, to the fullest extent permitted by the laws of the state of Delaware, and upon the other undertakings
set forth in this Agreement. 
 M.      Therefore, in recognition of the need to provide Indemnitee with
substantial protection against personal liability, in order to procure Indemnitee’s continued service as a director or officer of the Company and to enhance Indemnitee’s ability to serve the Company in an effective manner, and in order to
provide such protection pursuant to express contract rights (intended to be enforceable irrespective of, among other things, any amendment to the Company’s certificate of incorporation or bylaws (collectively, the “Constituent
Documents”), any change in the composition of the Company’s Board of Directors (the “Board”) or any change-in-control or
business combination transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancement of Expenses (as defined in Section 1(e)) to Indemnitee as set forth in this Agreement and
for the continued coverage of Indemnitee under the Company’s directors’ and officers’ liability insurance policies. 

N.      In light of the considerations referred to in the preceding recitals, it is the Company’s intention
and desire that the provisions of this Agreement be construed liberally, subject to their express terms, to maximize the protections to be provided to Indemnitee hereunder. 

AGREEMENT: 
 NOW,
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1.      Certain Definitions. In addition to terms defined elsewhere herein, the following terms
have the following meanings when used in this Agreement with initial capital letters: 

(a)      “Claim” means (i) any threatened, asserted, pending or completed claim,
demand, action, suit or proceeding, whether civil, criminal, administrative, arbitrative, investigative or other, and whether made pursuant to federal, state or other law; and (ii) any 

  
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threatened, pending or completed inquiry or investigation, whether made, instituted or conducted by or at the behest of the Company or any other person, including any federal, state or other
court or governmental entity or agency and any committee or other representative of any corporate constituency, that Indemnitee determines might lead to the institution of any such claim, demand, action, suit or proceeding. 

(b)      “Controlled Affiliate” means any corporation, limited liability company,
partnership, joint venture, trust or other entity or enterprise, whether or not for profit, that is directly or indirectly controlled by the Company. For purposes of this definition, “control” means the possession, directly or indirectly,
of the power to direct or cause the direction of the management or policies of an entity or enterprise, whether through the ownership of voting securities, through other voting rights, by contract or otherwise; provided that direct or
indirect beneficial ownership of capital stock or other interests in an entity or enterprise entitling the holder to cast [20%] or more of the total number of votes generally entitled to be cast in the election of directors (or persons performing
comparable functions) of such entity or enterprise shall be deemed to constitute control for purposes of this definition. 

(c)      “Disinterested Director” means a director of the Company who is not and was
not a party to the Claim in respect of which indemnification is sought by Indemnitee. 

(d)      “ERISA Losses” means any taxes, penalties or other liabilities under the
Employee Retirement Income Security Act of 1974, as amended, or Section 4975 of the Internal Revenue Code of 1986, as amended. 

(e)      “Expenses” means attorneys’ and experts’ fees and expenses and all
other costs and expenses paid or payable in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in (including on appeal), any
Claim, other than the fees, expenses and costs in respect of which the Company is expressly stated in Section 15 to have no obligation. 

(f)      “Incumbent Directors” means the individuals who, as of the date hereof, are
members of the Board and any individual becoming a member of the Board subsequent to the date hereof whose election, nomination for election by the Company’s stockholders, or appointment, was approved by a vote of at least two-thirds of the then Incumbent Directors (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without objection to such
nomination); provided, however, that an individual shall not be an Incumbent Director if such individual’s election or appointment to the Board occurs as a result of an actual or threatened election contest (as described in Rule 14a-12(c) of the Securities Exchange Act of 1934, as amended) with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other
than the Board. 
 (g)      “Indemnifiable Claim” means any Claim based upon, arising
out of or resulting from (i) any actual, alleged or suspected act or failure to act by Indemnitee in his or her capacity as a director, officer, employee or agent of the Company or as a director, officer, employee, member, manager, trustee or
agent of any other corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise, whether or not for profit 

  
 3 

 
(including any employee benefit plan or related trust), as to which Indemnitee is or was serving at the request of the Company as a director, officer, employee, member, manager, trustee or agent,
(ii) any actual, alleged or suspected act or failure to act by Indemnitee in respect of any business, transaction, communication, filing, disclosure or other activity of the Company or any other entity or enterprise referred to in clause
(i) of this sentence, or (iii) Indemnitee’s status as a current or former director, officer, employee or agent of the Company or as a current or former director, officer, employee, member, manager, trustee or agent of the Company or
any other entity or enterprise referred to in clause (i) of this sentence or any actual, alleged or suspected act or failure to act by Indemnitee in connection with any obligation or restriction imposed upon Indemnitee by reason of such status;
provided, however, that except for compulsory counterclaims, Indemnifiable Claim shall not include any Claim initiated by Indemnitee against the Company or any director or officer of the Company unless the Company has joined in or consented
to the initiation of such Claim. In addition to any service at the actual request of the Company, for purposes of this Agreement, Indemnitee shall be deemed to be serving or to have served at the request of the Company as a director, officer,
employee, member, manager, trustee or agent of another entity or enterprise if Indemnitee is or was serving as a director, officer, employee, member, manager, trustee or agent of such entity or enterprise and (i) such entity or enterprise is or
at the time of such service was a Controlled Affiliate, (ii) such entity or enterprise is or at the time of such service was an employee benefit plan (or related trust) sponsored or maintained by the Company or a Controlled Affiliate, or
(iii) the Company or a Controlled Affiliate directly or indirectly caused or authorized Indemnitee to be nominated, elected, appointed, designated, employed, engaged or selected to serve in such capacity. 

(h)      “Indemnifiable Losses” means any and all Losses relating to, arising out of or
resulting from any Indemnifiable Claim. 
 (i)      “Independent Counsel” means a law
firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company (or any Subsidiary) or Indemnitee in any matter material to
either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other named (or, as to a threatened matter, reasonably likely to be
named) party to the Indemnifiable Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall, not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 

(j)      “Losses” means any and all Expenses, damages, losses, liabilities, judgments,
fines, penalties (whether civil, criminal or other), ERISA Losses and amounts paid in settlement, including all interest, assessments and other charges paid or payable in connection with or in respect of any of the foregoing. 

(k)      “Subsidiary” means an entity in which the Company directly or indirectly
beneficially owns 50% or more of the outstanding Voting Stock. 
 (1)      “Voting
Stock” means securities entitled to vote generally in the election of directors (or similar governing bodies). 

  
 4 

 2.      Indemnification Obligation. Subject to
Section 8, the Company shall indemnify and hold harmless Indemnitee, to the fullest extent permitted or required by the laws of the State of Delaware in effect on the date hereof or as such laws may from time to time hereafter be amended to
increase the scope of such permitted or required indemnification, against any and all Indemnifiable Claims and Indemnifiable Losses; provided, however, that no repeal or amendment of any law of the State of Delaware shall in any way diminish
or adversely affect the rights of Indemnitee pursuant to this Agreement in respect of any occurrence or matter arising prior to any such repeal or amendment. 

3.      Advancement of Expenses. Indemnitee shall have the right to advancement by the Company
prior to the final disposition of any Indemnifiable Claim of any and all Expenses relating to, arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which Indemnitee determines are reasonably likely to be paid or
incurred by Indemnitee. Indemnitee’s right to such advancement is not subject to the satisfaction of any standard of conduct and is not conditioned upon any prior determination that Indemnitee is entitled to indemnification under this Agreement
with respect to the Indemnifiable Claim or the absence of any prior determination to the contrary. Without limiting the generality or effect of the foregoing, within five business days after any request by Indemnitee, the Company shall, in
accordance with such request (but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses;
provided that Indemnitee shall repay, without interest any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable by Indemnitee
in respect of Expenses relating to, arising out of or resulting from such Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, if delivery of an undertaking is a legally required condition precedent to such
payment, advance or reimbursement or is otherwise requested by the Company, Indemnitee shall execute and deliver to the Company an undertaking in the form attached hereto as Exhibit A (subject to Indemnitee filling in the blanks therein and
selecting from among the bracketed alternatives therein), which need not be secured and shall be accepted by the Company without reference to Indemnitee’s ability to repay the Expenses. In no event shall Indemnitee’s right to the payment,
advancement or reimbursement of Expenses pursuant to this Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or that is in addition to, the undertaking set forth in Exhibit A. 

4.      Indemnification for Additional Expenses. Without limiting the generality or effect of the
foregoing, the Company shall indemnify and hold harmless Indemnitee against and, if requested by Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within five business days of such request, any and all Expenses paid or incurred
by Indemnitee or which Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee in connection with any Claim made, instituted or conducted by Indemnitee, in each case to the fullest extent permitted or required by the laws of
the State of Delaware in effect on the date hereof or as such laws may from time to time hereafter be amended to increase the scope of such permitted or required indemnification, reimbursement or advancement of such Expenses, for
(a) indemnification or payment, advancement or reimbursement of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to
Indemnifiable Claims, and/or 

  
 5 

 
(b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company; provided, however, that Indemnitee shall return, without interest,
any such advance of Expenses (or portion thereof) which remains unspent at the final disposition of the Claim to which the advance related. 

5.      Contribution. To the fullest extent permissible under applicable law in effect on the date
hereof or as such law may from time to time hereafter be amended to increase the scope of permitted or required indemnification, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the
Company, in lieu of indemnifying Indemnitee, shall contribute to the payment of any and all Indemnifiable Claims or Indemnifiable Losses, in such proportion as is fair and reasonable in light of all of the circumstances in order to reflect
(i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Indemnifiable Claim or Indemnifiable Loss and/or (ii) the relative fault of the Company (and its other
directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s); provided that such contribution shall not be required where it is determined, pursuant to a final disposition of such
Indemnifiable Claim or Indemnifiable Loss in accordance with Section 8, that Indemnitee is not entitled to indemnification by the Company with respect to such Indemnifiable Claim or Indemnifiable Loss. 

6.      Partial Indemnity. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of any Indemnifiable Loss, but not for all of the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 

7.      Procedure for Notification. To obtain indemnification under this Agreement in respect of
an Indemnifiable Claim or Indemnifiable Loss, Indemnitee shall submit to the Company a written request therefor, including a brief description (based upon information then available to Indemnitee) of such Indemnifiable Claim or Indemnifiable Loss.
If, at the time of the receipt of such request, the Company has directors’ and officers’ liability insurance in effect under which coverage for such Indemnifiable Claim or Indemnifiable Loss is potentially available, the Company shall give
prompt written notice of such Indemnifiable Claim or Indemnifiable Loss to the applicable insurers in accordance with the procedures set forth in the applicable policies. The Company shall provide to Indemnitee a copy of such notice delivered to the
applicable insurers, and copies of all subsequent correspondence between the Company and such insurers regarding the Indemnifiable Claim or Indemnifiable Loss, in each case substantially concurrently with the delivery or receipt thereof by the
Company. If requested by Indemnitee, the Company shall use its reasonable best efforts, at the Company’s expense, to enforce on behalf of and for the benefit of Indemnitee all rights (including rights to receive payment) that may exist under
the applicable policies of insurance in relation to such Indemnifiable Claim or Indemnifiable Loss. The failure by Indemnitee to timely notify the Company of any Indemnifiable Claim or Indemnifiable Loss shall not relieve the Company from any
liability hereunder unless, and only to the extent that, the Company did not otherwise learn of such Indemnifiable Claim or Indemnifiable Loss and such failure results in forfeiture by the Company of substantial defenses, rights or insurance
coverage. 

  
 6 

 8.      Determination of Right to Indemnification. 

(a)      To the extent that Indemnitee shall have been successful on the merits or otherwise in defense of any
Indemnifiable Claim or any portion thereof or in defense of any issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified against Indemnifiable Losses relating to, arising out of or resulting from such
Indemnifiable Claim in accordance with Section 2 and no Standard of Conduct Determination (as defined in Section 8(b)) shall be required with respect to such Indemnifiable Claim. 

(b)      To the extent that the provisions of Section 8(a) are inapplicable to an Indemnifiable Claim that
shall have been finally disposed of, any determination of whether Indemnitee has satisfied any applicable standard of conduct under Delaware law that is a legally required condition precedent to indemnification of Indemnitee hereunder against
Indemnifiable Losses relating to, arising out of or resulting from such Indemnifiable Claim (a “Standard of Conduct Determination”) shall be made as follows: (i) by a majority vote of the Disinterested Directors, even if
less than a quorum of the Board, (ii) if such Disinterested Directors so direct, by a majority vote of a committee of Disinterested Directors designated by a majority vote of all Disinterested Directors, or (iii) if there are no such
Disinterested Directors or if Indemnitee so requests, by Independent Counsel, selected by the Indemnitee and approved by the Board (such approval not to be unreasonably withheld, delayed or conditioned), in a written opinion addressed to the Board,
a copy of which shall be delivered to Indemnitee; provided, however, that if at the time of any Standard of Conduct Determination Indemnitee is neither a director nor an officer of the Company, such Standard of Conduct Determination may be
made by or in the manner specified by the Board, any duly authorized committee of the Board or any duly authorized officer of the Company (unless Indemnitee requests that such Standard of Conduct Determination be made by Independent Counsel, in
which case such Standard of Conduct Determination shall be made by Independent Counsel). Indemnitee will cooperate with the person or persons making such Standard of Conduct Determination, including providing to such person or persons, upon
reasonable advance request, any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. The Company shall indemnify
and hold harmless Indemnitee against and, if requested by Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within five business days of such request, any and all costs and expenses (including attorneys’ and experts’
fees and expenses) incurred by Indemnitee in so cooperating with the person or persons making such Standard of Conduct Determination. 

(c)      The Company shall use its reasonable efforts to cause any Standard of Conduct Determination required
under Section 8(b) to be made as promptly as practicable. If (i) the person or persons empowered or selected under Section 8 to make the Standard of Conduct Determination shall not have made a determination within 30 days after the
later of (A) receipt by the Company of written notice from Indemnitee advising the Company of the final disposition of the applicable Indemnifiable Claim (the date of such receipt being the “Notification Date”) and
(B) the selection of an Independent Counsel, if such determination is to be made by Independent Counsel, and (ii) Indemnitee shall have fulfilled his or her obligations set forth in the second sentence of Section 8(b), then Indemnitee
shall be deemed to have satisfied the applicable standard of conduct; provided that such 30-day period may be extended for a reasonable time, not to exceed an additional 30 days, if the person or
persons making such 

  
 7 

 
determination in good faith requires such additional time for obtaining or evaluating any documentation or information relating thereto. 

(d)      If (i) Indemnitee shall be entitled to indemnification hereunder against any Indemnifiable Losses
pursuant to Section 8(a), (ii) no determination of whether Indemnitee has satisfied any applicable standard of conduct under Delaware law is a legally required condition precedent to indemnification of Indemnitee hereunder against any
Indemnifiable Losses, or (iii) Indemnitee has been determined or deemed pursuant to Section 8(b) or (c) to have satisfied any applicable standard of conduct under Delaware law which is a legally required condition precedent to
indemnification of Indemnitee hereunder against any Indemnifiable Losses, then the Company shall pay to Indemnitee, within five business days after the later of (x) the Notification Date in respect of the Indemnifiable Claim or portion thereof
to which such Indemnifiable Losses are related, out of which such Indemnifiable Losses arose or from which such Indemnifiable Losses resulted and (y) the earliest date on which the applicable criterion specified in clause (i), (ii) or
(iii) above shall have been satisfied, an amount equal to the amount of such Indemnifiable Losses. 

9.      Presumption of Entitlement. 

(a)      In making a determination of whether Indemnitee has been successful on the merits or otherwise in
defense of any Indemnifiable Claim or any portion thereof or in defense of any issue or matter therein, the Company acknowledges that a resolution, disposition or outcome short of dismissal or final judgment, including outcomes that permit
Indemnitee to avoid expense, delay, embarrassment, injury to reputation, distraction, disruption or uncertainty, may constitute such success. In the event that any Indemnifiable Claim or any portion thereof or issue or matter therein is resolved or
disposed of in any manlier other than by adverse judgment against Indemnitee (including any resolution or disposition thereof by means of settlement with or without payment of money or other consideration), it shall be presumed that Indemnitee has
been successful on the merits or otherwise in defense of such Indemnifiable Claim or portion thereof or issue or matter therein. The Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. 

(b)      In making any Standard of Conduct Determination, the person or persons making such determination shall
presume that Indemnitee has satisfied the applicable standard of conduct, and the Company may overcome such presumption only by its adducing clear and convincing evidence to the contrary. Any Standard of Conduct Determination that Indemnitee has
satisfied the applicable standard of conduct shall be final and binding in all respects, including with respect to any litigation or other action or proceeding initiated by Indemnitee to enforce his or her rights hereunder. Any Standard of Conduct
Determination that is adverse to Indemnitee may be challenged by Indemnitee in the Court of Chancery of the State of Delaware. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied
any applicable standard of conduct shall be a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard
of conduct. 

  
 8 

 (c)      Without limiting the generality or effect of
Section 9(b), (i) to the extent that any Indemnifiable Claim relates to any entity or enterprise (other than the Company) referred to in clause (i) of the first sentence of the definition of “Indemnifiable Claim,” Indemnitee
shall be deemed to have satisfied the applicable standard of conduct if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the interests of such entity or enterprise (or the owners or
beneficiaries thereof, including in the case of any employee benefit plan the participants and beneficiaries thereof) and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was unlawful,
and (ii) in all cases, any belief of Indemnitee that is based on the records or books of account of the Company, including financial statements, or on information supplied to Indemnitee by the directors or officers of the Company in the course
of their duties, or on the advice of legal counsel for the Company, the Board, any committee of the Board or any director, or on information or records given or reports made to the Company, the Board, any committee of the Board or any director by an
independent certified public accountant or by an appraiser or other expert selected by or on behalf of the Company, the Board, any committee of the Board or any director shall be deemed to be reasonable. 

10.      No Adverse Presumption. For purposes of this Agreement, the termination of any Claim by
judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, will not create a presumption that Indemnitee did not meet any applicable standard of conduct or that
indemnification hereunder is otherwise not permitted. 

11.      Non-Exclusivity. The rights of Indemnitee
hereunder will be in addition to any other rights Indemnitee may have against the Company under the Constituent Documents, or the substantive laws of the Company’s jurisdiction of incorporation, any other contract or otherwise (collectively,
“Other Indemnity Provisions”); provided, however, that (a) to the extent that Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will be deemed to
have such greater right hereunder and (b) to the extent that any change is made to any Other Indemnity Provision which permits any greater right to indemnification than that provided under this Agreement as of the date hereof, Indemnitee will
be deemed to have such greater right hereunder, The Company will not adopt any amendment to any of the Constituent Documents the effect of which would be to deny, diminish or encumber Indemnitee’s right to indemnification under this Agreement
or any Other Indemnity Provision. 
 12.      Liability Insurance and Funding. For the duration
of Indemnitee’s service as a director and/or officer of the Company, and thereafter for so long as Indemnitee shall be subject to any pending or possible Indemnifiable Claim, the Company shall use reasonable efforts (taking into account the
scope and amount of coverage available relative to the cost thereof) to cause to be maintained in effect policies of directors’ and officers’ liability insurance providing coverage for directors and/or officers of the Company that is at
least substantially comparable in scope and amount to that provided by the Company’s current policies of directors’ and officers’ liability insurance. The Company shall provide Indemnitee with a copy of all directors’ and
officers’ liability insurance applications, binders, policies, declarations, endorsements and other related materials, and shall provide Indemnitee with a reasonable opportunity to review and comment on the same. Without limiting the generality
or effect of the two immediately 

  
 9 

 
preceding sentences, the Company shall not discontinue or significantly reduce the scope or amount of coverage from one policy period to the next (i) without the prior approval thereof by a
majority vote of the Incumbent Directors, even if less than a quorum, or (ii) if at the time that any such discontinuation or significant reduction in the scope or amount of coverage is proposed there are no Incumbent Directors, without the
prior written consent of Indemnitee (which consent shall not be unreasonably withheld, delayed or conditioned). In all policies of directors’ and officers’ liability insurance obtained by the Company, Indemnitee shall be named as an
insured in such a manner as to provide Indemnitee the same rights and benefits, subject to the same limitations, as are accorded to the Company’s directors and officers most favorably insured by such policy. The Company may, but shall not be
required to, create a trust fund, grant a security interest or use other means, including a letter of credit, to ensure the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this
Agreement. 
 13.      Subrogation. In the event of payment under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the related rights of recovery of Indemnitee against other persons or entities (other than Indemnitee’s successors), including any entity or enterprise referred to in clause
(i) of the definition of “Indemnifiable Claim” in Section 1(g). Indemnitee shall execute all papers reasonably required to evidence such rights (all of Indemnitee’s reasonable Expenses, including attorneys’ fees and
charges, related thereto to be reimbursed by or, at the option of Indemnitee, advanced by the Company). 

14.      No Duplication of Payments. The Company shall not be liable under this Agreement to make
any payment to Indemnitee in respect of any Indemnifiable Losses to the extent Indemnitee has otherwise actually received and is entitled to retain payment (net of any Expenses incurred in connection therewith and any repayment by Indemnitee made
with respect thereto) under any insurance policy, the Constituent Documents and Other Indemnity Provisions or otherwise (including from any entity or enterprise referred to in clause (i) of the definition of “Indemnifiable Claim” in
Section 1(g)) in respect of such Indemnifiable Losses otherwise indemnifiable hereunder. 

15.      Defense of Claims. Except for any Indemnifiable Claim asserted by or in the right of the
Company (as to which Indemnitee shall be entitled to exclusively control the defense), the Company shall be entitled to participate in the defense of any Indemnifiable Claim or to assume the defense thereof, with counsel reasonably satisfactory to
Indemnitee. The Company’s participation in the defense of any Indemnifiable Claim of which the Company has not assumed the defense will not in any manner affect the rights of Indemnitee under this Agreement, including Indemnitee’s right to
control the defense of such Indemnifiable Claims. With respect to the period (if any) commencing at the time at which the Company notifies Indemnitee that the Company has assumed the defense of any Indemnifiable Claim and continuing for so long as
the Company shall be using its reasonable best efforts to provide an effective defense of such Indemnifiable Claim, the Company shall have the right to control the defense of such Indemnifiable Claim and shall have no obligation under this Agreement
in respect of any attorneys’ or experts’ fees or expenses or any other costs or expenses paid or incurred by Indemnitee in connection with defending such Indemnifiable Claim (other than such costs and expenses paid or incurred by
Indemnitee in connection with any cooperation in the Company’s defense of such Indemnifiable Claim or other action undertaken by Indemnitee at the 

  
 10 

 
request of the Company or with the consent of the Company (which consent shall not be unreasonably withheld, conditioned or delayed)); provided that if Indemnitee believes, after
consultation with counsel selected by Indemnitee, that (a) the use of counsel chosen by the Company to represent Indemnitee would present such counsel with an actual or potential conflict, (b) the named parties in any such Indemnifiable
Claim (including any impleaded parties) include both the Company and Indemnitee and Indemnitee shall conclude that there may be one or more legal defenses available to him or her that are different from or in addition to those available to the
Company, or (c) any such representation by such counsel would be precluded under the applicable standards of professional conduct then prevailing, then Indemnitee shall be entitled to retain and use the services of separate counsel (but not
more than one law firm plus, if applicable, local counsel in respect of any particular Indemnifiable Claim) at the Company’s expense. Nothing in this Agreement shall limit Indemnitee’s right to retain or use his or her own counsel at his
or her own expense in connection with any Indemnifiable Claim; provided that in all events Indemnitee shall not unreasonably interfere with the conduct of the defense by the Company of any Indemnifiable Claim that the Company shall have
assumed and of which the Company shall be using its reasonable best efforts to provide an effective defense. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any threatened or pending
Indemnifiable Claim effected without the Company’s prior written consent. The Company shall not, without the prior written consent of Indemnitee, effect any settlement of any threatened or pending Indemnifiable Claim to which Indemnitee is, or
could have been, a party unless such settlement solely involves the payment of money (other than by Indemnitee) and includes a complete and unconditional release of Indemnitee from all liability on any claims that are the subject matter of such
Indemnifiable Claim. Neither the Company nor Indemnitee shall unreasonably withhold, condition or delay its consent to any proposed settlement; provided that Indemnitee may withhold consent to any settlement that does not provide a complete
and unconditional release of Indemnitee. 
 16.    Successors and Binding Agreement. 

(a)      The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance satisfactory to Indemnitee and his or her counsel, expressly to assume and agree to perform this
Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement shall be binding upon and inure to the benefit of the Company and any successor to the Company,
including any person acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor will thereafter be deemed the
“Company” for purposes of this Agreement), but shall not otherwise be assignable or delegatable by the Company. 

(b)      This Agreement shall inure to the benefit of and be enforceable by Indemnitee’s personal or legal
representatives, executors, administrators, heirs, distributees, legatees and other successors. 

(c)      This Agreement is personal in nature and neither of the parties hereto shall, without the consent of
the other, assign or delegate this Agreement or any rights or 

  
 11 

 
obligations hereunder except as expressly provided in Sections 16(a) and 16(b). Without limiting the generality or effect of the foregoing, Indemnitee’s right to receive payments hereunder
shall not be assignable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by Indemnitee’s will or by the laws of descent and distribution, and, in the event of any attempted assignment or transfer
contrary to this Section 16(c), the Company shall have no liability to pay any amount so attempted to be assigned or transferred. 

17.      Notices. For all purposes of this Agreement, all communications, including notices,
consents, requests or approvals, required or permitted to be given hereunder shall be in writing and shall be deemed to have been duly given when hand delivered or dispatched by electronic or facsimile transmission (with receipt thereof orally
confirmed), or five business days after having been mailed by United States registered or certified mail, return receipt requested, postage prepaid or one business day after having been sent for next-day
delivery by a nationally recognized overnight courier service, addressed to the Company (to the attention of the Secretary of the Company) and to Indemnitee at the applicable address shown on the signature page hereto, or to such other address as
any party hereto may have furnished to the other in writing and in accordance herewith, except that notices of changes of address will be effective only upon receipt. 

18.      Governing Law. The validity, interpretation, construction and performance of this
Agreement shall be governed by and construed in accordance with the substantive laws of the State of Delaware, without giving effect to the principles of conflict of laws of such State. The Company and Indemnitee each hereby irrevocably consent to
the jurisdiction of the Chancery Court of the State of Delaware for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be brought
only in the Chancery Court of the State of Delaware. 
 19.      Validity. If any provision of
this Agreement or the application of any provision hereof to any person or circumstance is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other person or circumstance
shall not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal shall be reformed to the extent, and only to the extent, necessary to make it enforceable, valid or legal. In the event that any court or other
adjudicative body shall decline to reform any provision of this Agreement held to be invalid, unenforceable or otherwise illegal as contemplated by the immediately preceding sentence, the parties thereto shall take all such action as may be
necessary or appropriate to replace the provision so held to be invalid, unenforceable or otherwise illegal with one or more alternative provisions that effectuate the purpose and intent of the original provisions of this Agreement as fully as
possible without being invalid, unenforceable or otherwise illegal. 
 20.      Miscellaneous.
No provision of this Agreement may be waived, modified or discharged unless such waiver, modification or discharge is agreed to in writing signed by Indemnitee and the Company. No waiver by either party hereto at any time of any breach by the other
party hereto or compliance with any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements
or representations, oral 

  
 12 

 
or otherwise, expressed or implied with respect to the subject matter hereof have been made by either party hereto that are not set forth expressly in this Agreement. 

21.    Legal Fees and Expenses; Interest. 

(a)      It is the intent of the Company that Indemnitee not be required to incur legal fees and or other
Expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be
extended to Indemnitee hereunder. Accordingly, without limiting the generality or effect of any other provision hereof, if it should appear to Indemnitee that the Company has failed to comply with any of its obligations under this Agreement
(including its obligations under Section 3) or in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding
designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, the Company irrevocably authorizes Indemnitee from time to time to retain counsel of Indemnitee’s choice, at the expense
of the Company as hereafter provided, to advise and represent Indemnitee in connection with any such interpretation, enforcement or defense, including the initiation or defense of any litigation or other legal action, whether by or against the
Company or any director, officer, stockholder or other person affiliated with the Company, in any jurisdiction. Notwithstanding any existing or prior attorney-client relationship between the Company and such counsel, the Company irrevocably consents
to Indemnitee’s entering into an attorney-client relationship with such counsel, and in that connection the Company and Indemnitee agree that a confidential relationship shall exist between Indemnitee and such counsel. The Company will pay and
be solely financially responsible for any and all attorneys’ and related fees and expenses incurred by Indemnitee in connection with any of the foregoing to the fullest extent permitted or required by the laws of the State of Delaware in effect
on the date hereof or as such laws may from time to time hereafter be amended to increase the scope of such permitted or required payment of such fees and expenses. 

(b)      Any amount due to Indemnitee under this Agreement that is not paid by the Company by the date on which
it is due will accrue interest at the maximum legal rate under Delaware law from the date on which such amount is due to the date on which such amount is paid to Indemnitee. 

22.    Certain Interpretive Matters. Unless the context of this Agreement otherwise requires,
(a) “it” or “its” or words of any gender include each other gender, (b) words using the singular or plural number also include the plural or singular number, respectively, (c) the terms “hereof,”
“herein,” “hereby” and derivative or similar words refer to this entire Agreement, (d) the terms “Section” or “Exhibit” refer to the specified Section or Exhibit of or to this Agreement, (e) the
terms “include,” “includes” and “including” will be deemed to be followed by the words “without limitation” (whether or not so expressed), and (f) the word “or” is disjunctive but not exclusive.
Whenever this Agreement refers to a number of days, such number will refer to calendar days unless business days are specified and whenever action must be taken (including the giving of notice or the delivery of documents) under this Agreement
during a certain period of time or by a particular date that ends or occurs on a non-business day, then such period or date will be extended until the immediately following business day. As used

  
 13 

 
herein, “business day” means any day other than Saturday, Sunday or a United States federal holiday. 

23.    Counterparts. This Agreement may be executed in one or more counterparts, each of which will be
deemed to be an original but all of which together shall constitute one and the same agreement. 
 [Signatures Appear on Following Page]

  
 14 

 IN WITNESS WHEREOF, Indemnitee has executed and the Company has caused its duly authorized
representative to execute this Agreement as of the date below. 
  

			
	 ABERCROMBIE & FITCH
 6301
Fitch Path

	New Albany, Ohio 43054
		
	By:	 	 /s/ Michael S. Jeffries

		 	Michael S. Jeffries
		 	Chief Executive Officer
		
	Date:	 	
          
      11-7-14

	
	Robert E. Bostrom
	XXXX
	XXXX
	XXXX
		
	By:	 	 /s/ Robert E. Bostrom

		 	Robert E. Bostrom
		
	Date:	 	October 20, 2014

  
 15 

 EXHIBIT A 

UNDERTAKING 
 This
Undertaking is submitted pursuant to the Director and Officer Indemnification Agreement, dated as of
                              ,
                 (the “Indemnification Agreement”), between
                            , a Delaware corporation (the “Company”), and the
undersigned. Capitalized terms used and not otherwise defined herein have the meanings ascribed to such terms in the Indemnification Agreement. 

The undersigned hereby requests [payment], [advancement], [reimbursement] by the Company of Expenses which the
undersigned [has incurred] [reasonably expects to incur] in connection with                        (the
“Indemnifiable Claim”). 
 The undersigned hereby undertakes to repay the [payment], [advancement],
[reimbursement] of Expenses made by the Company to or on behalf of the undersigned in response to the foregoing request to the extent it is determined, following the final disposition of the Indemnifiable Claim and in accordance with
Section 8 of the Indemnification Agreement, that the undersigned is not entitled to indemnification by the Company under the Indemnification Agreement with respect to the Indemnifiable Claim. 

IN WITNESS WHEREOF, the undersigned has executed this Undertaking as of this        day of
            ,             . 

 

	
	  

	[Indemnitee]

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