Document:

COLFAX CORPORATION

2008 OMNIBUS INCENTIVE PLAN

 

OUTSIDE DIRECTOR NON-QUALIFIED STOCK
OPTION AGREEMENT

 

Colfax Corporation, a Delaware
corporation (the “Company”), hereby grants an option to purchase shares of its common stock, $.001 par value, (the
“Stock”) to the Optionee named below. The terms and conditions of the option are set forth in this cover sheet, in
the attachment, and in the Company’s 2008 Omnibus Incentive Plan (the “Plan”).

 

Grant Date: _______________________

 

Name of Optionee: ______________________________

 

Optionee’s Employee Identification Number: _____-____-_____

 

Number of Shares Covered by Option: __________

 

Option Price per Share: $_____.___

 

 

 

By signing this cover sheet, you agree
to all of the terms and conditions described in the attached Agreement and in the Plan, a copy of which is also attached. You acknowledge
that you have carefully reviewed the Plan, and agree that the Plan will control in the event any provision of this Agreement should
appear to be inconsistent.

 

	Optionee:	 	 
	 	(Signature)	 
	 	 	 
	Company:	 	 
	 	(Signature)	 
	 	 	 
	 	Title:	  	 
	 	 	 	 

Attachment

 

This is not a stock certificate or a
negotiable instrument.

 

    	 

    	 

    

COLFAX CORPORATION

2008 OMNIBUS INCENTIVE PLAN

 

OUTSIDE DIRECTOR NON-QUALIFIED STOCK
OPTION AGREEMENT

 

	Non-Qualified Stock Option	This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly.
	Vesting	This option is fully vested as to 100% of the total number of shares covered by the option on the Grant Date, as shown on the cover sheet.
	Term	Your option will expire at the close of business at Company headquarters on the day before the seventh (7th) anniversary of the Grant Date, as shown on the cover sheet (the “Expiration Date”). Your option will remain exercisable until the Expiration Date, and thereafter shall be null and void and no longer exercisable. 
	Notice of Exercise	
        When you wish to exercise this option, you must notify the Company
        by filing the proper “Notice of Exercise” in the manner determined by the Company. Your notice must specify how many
        shares you wish to purchase (in a parcel of at least 100 shares generally). Your notice must also specify how your shares of Stock
        should be registered (in your name only or in your and your spouse’s names as joint tenants with right of survivorship).
        The notice will be effective when it is received by the Company. Currently, notice may be given by logging on to your brokerage
        account at https://www.benefits.ml.com/login/ using your user identification and password.

         

        If someone else wants to exercise this option after your death,
        that person must prove to the Company’s satisfaction that he or she is entitled to do so.

         

	Form of Payment	
        When you submit your notice of exercise, you must include payment
        of the option price for the shares you are purchasing. Payment may be made in one (or a combination) of the following forms:

         

        ·Cash, your
        personal check, a cashier’s check, a money order, or another cash equivalent acceptable to the Company.

         

        ·Shares
        of Stock which have already been owned by you and which are surrendered to the Company. The value of the shares, determined as
        of the effective date of the option exercise, will be applied to the option price.

         

        ·By delivery
        (on a form prescribed by the Company) of an irrevocable direction to a licensed securities broker acceptable to the Company to
        sell Stock and to deliver all or part of the sale proceeds to the Company in payment of the aggregate option price and any withholding
        taxes (if approved in advance by the Committee).

         

    	 

    	 

    

 

	 	Instructions can be found within your brokerage account in the Merrill Lynch Benefits Information Center under “Colfax Equity Award Program – Model/Exercise” to guide you through the payment process.
	Withholding Taxes	You will not be allowed to exercise this option unless you make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the option exercise or sale of Stock acquired under this option.  In the event that the Company determines that any federal, state, local, or foreign tax or withholding payment is required relating to the exercise or sale of shares arising from this grant, the Company shall have the right to require such payments from you, or withhold such amounts from other payments due to you from the Company or any Affiliate.
	Transfer of Option	
        During your lifetime, only you (or, in the event of your legal
        incapacity or incompetency, your guardian or legal representative) may exercise the option. You cannot transfer or assign this
        option. For instance, you may not sell this option or use it as security for a loan. If you attempt to do any of these things,
        this option will immediately become invalid. You may, however, dispose of this option in your will or it may be transferred upon
        your death by the laws of descent and distribution.

         

        In connection with any marital property settlement agreement,
        the Company is not obligated to honor a notice of exercise from your spouse, nor is the Company obligated to recognize your spouse’s
        interest in your option purporting to arise under such an agreement.

         

	Retention Rights	Neither your option nor this Agreement gives you the right to be retained by the Company (or any Affiliates) in any capacity.  The Company (and any Affiliates) reserves the right to terminate your Service at any time and for any reason.
	Shareholder Rights	You, or your estate or heirs, have no rights as a shareholder of the Company until a certificate for your option’s shares has been issued (or an appropriate book entry has been made).  No adjustments are made for dividends or other rights if the applicable record date occurs before your stock certificate is issued (or an appropriate book entry has been made), except as described in the Plan.
	Adjustments	In the event of a stock split, a stock dividend, or a similar change in the Stock, the number of shares covered by this option and the option price per share shall be adjusted (and rounded down to the nearest whole number) if required pursuant to the Plan.  Your option shall be subject to the terms of the agreement of merger, liquidation, or reorganization in the event the Company is subject to such corporate activity.
	Applicable Law	This Agreement will be interpreted and enforced under the laws of the State of Delaware, other than any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction.

    	 

    	 

    

 

	The Plan 
 
	
        The text of the Plan is incorporated in this Agreement by reference.
        Certain capitalized terms used in this Agreement are defined in the Plan, and have the meaning set forth in the Plan.

         

        Unless otherwise specified in an agreement between the Company
        and you, this Agreement and the Plan constitute the entire understanding between you and the Company regarding this option. Any
        prior agreements, commitments, or negotiations concerning this option are superseded.

         

	Data Privacy	
        In order to administer the Plan, the Company may process personal
        data about you. Such data includes but is not limited to the information provided in this Agreement and any changes thereto, other
        appropriate personal and financial data about you such as home address and business addresses and other contact information, and
        any other information that might be deemed appropriate by the Company to facilitate the administration of the Plan.

         

        By accepting this option, you give explicit consent to the Company
        to process any such personal data. You also give explicit consent to the Company to transfer any such personal data outside the
        country in which you work or are employed, including, with respect to non-U.S. resident optionees, to the United States, to transferees
        who shall include the Company and other persons who are designated by the Company to administer the Plan.

         

	Consent to Electronic Delivery	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this option grant you agree that the Company may deliver the Plan prospectus and the Company’s annual report to you in an electronic format. If at any time you would prefer to receive paper copies of these documents, as you are entitled to, the Company would be pleased to provide copies. Please contact the Corporate Secretary to request paper copies of these documents.
	 	 

 

 

By signing the cover sheet of this
Agreement, you agree to all of the terms and conditions described above and in the Plan.COLFAX CORPORATION

2008 OMNIBUS INCENTIVE PLAN

 

OUTSIDE DIRECTOR RESTRICTED STOCK UNIT
AGREEMENT

 

Colfax Corporation, a Delaware corporation
(the “Company”), hereby grants stock units relating to shares of its common stock, $.001 par value (the “Stock”),
to the individual named below as the Grantee. The terms and conditions of the grant are set forth in this cover sheet and the attachment
(collectively, the “Agreement”) and in the Colfax Corporation 2008 Omnibus Incentive Plan (the “Plan”).

 

Grant Date: _____________, 20__

 

Name of Grantee: ____________________________________

 

Grantee’s Social Security Number: _______-_______-______

 

Number of Stock Units Covered by Grant: ____________

 

Vesting Schedule:Vesting
DateVesting Percentage

 

1st anniversary
of Grant Date100%

			

 

By signing this cover sheet, you agree
to all of the terms and conditions described in this Agreement and in the Plan, a copy of which will be provided on request. You
acknowledge that you have carefully reviewed the Plan and agree that the Plan will control in the event any provision of this Agreement
should appear to be inconsistent with the terms of the Plan. Certain capitalized terms used in this Agreement are defined in the
Plan, and have the meaning set forth in the Plan.

 

	Grantee:	 	 
	 	(Signature)	 
	 	 	 
	Company:	 	 
	 	(Signature)	 
	 	 	 
	 	Title:	  	 
	 	 	 	 

Attachment

 

 

This is not a stock certificate or a
negotiable instrument.

 

    	 

    	 

    

COLFAX CORPORATION

2008 OMNIBUS INCENTIVE PLAN

 

OUTSIDE DIRECTOR RESTRICTED STOCK UNIT
AGREEMENT

 

 

	Stock Unit Transferability	This grant is an award of stock units in the number of units set forth on the cover sheet, subject to the vesting conditions described below (“Stock Units”).  Your Stock Units may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor may the Stock Units be made subject to execution, attachment or similar process. 
	Vesting	Your Stock Unit grant shall vest according to the schedule set forth on the cover sheet; provided, that, you remain in Service on the relevant Vesting Date.  If your Service terminates for any reason other than death or Disability, you will forfeit any Stock Units in which you have not yet become vested.
	Death	
        If your Service terminates because of your
        death, your Stock Units will immediately become 100% vested.

         

	Disability	
        If your Service terminates because of your
        Disability, your Stock Units will immediately become 100% vested.

         

	Delivery of Stock Pursuant to Units	
        Delivery of the shares of Stock represented
        by your vested Stock Units shall be made as soon as practicable upon vesting and in any event not later than 2 1⁄2 months
        after the end of the calendar year in which they vest.

         

	Withholding Taxes	You agree, as a condition of this grant, that you will make acceptable arrangements to pay any withholding or other taxes that may be due as a result of vesting in Stock Units or your acquisition of Stock under this grant.  In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to this grant, the Company will have the right to: (i) require that you arrange such payments to the Company, (ii) withhold such amounts from other payments due to you from the Company or any Affiliate, or (iii) cause an immediate forfeiture of shares of Stock subject to the Stock Units granted pursuant to this Agreement in an amount equal to the withholding or other taxes due. 
	Retention Rights	This Agreement does not give you the right to be retained by the Company (or any Affiliates) in any capacity.
	Shareholder Rights	You do not have any of the rights of a shareholder with respect to the Stock Units unless and until the Stock relating to the Stock Units has been delivered to you.  You will, however, be entitled to receive, upon the Company’s payment of a cash dividend on outstanding Stock, a cash payment for each Stock Unit that you hold as of the record date for such dividend equal to the per-share dividend paid on the Stock. 

    	 

    	 

    

 

	Adjustments	In the event of a stock split, a stock dividend or a similar change in the Company stock, the number of Stock Units covered by this grant will be adjusted (and rounded down to the nearest whole number) in accordance with the terms of the Plan.  Your Stock Units shall be subject to the terms of the agreement of merger, liquidation or reorganization in the event the Company is subject to such corporate activity in accordance with the terms of the Plan.
	Applicable Law	This Agreement will be interpreted and enforced under the laws of the State of Delaware, other than any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction.
	Consent to Electronic Delivery	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form.  By accepting this grant you agree that the Company may deliver the Plan prospectus and the Company’s annual report to you in an electronic format.  If at any time you would prefer to receive paper copies of these documents, as you are entitled to receive, the Company would be pleased to provide copies.  Please contact the Corporate Secretary to request paper copies of these documents.
	The Plan	The text of the Plan is incorporated in this Agreement by reference.  This Agreement and the Plan constitute the entire understanding between you and the Company regarding this grant of Stock Units.  Any prior agreements, commitments or negotiations concerning this grant are superseded. 

By signing the cover sheet of this
Agreement, you agree to all of the terms and conditions described above and in the Plan.

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