Document:

Amended and Restated Empl Agr. by and b/w Blount Intl, Inc. and Kenneth Owen Sai

 Exhibit 10(m) 
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED AGREEMENT is made and entered into as of this 30th day of December, 2010, by and between BLOUNT INTERNATIONAL,
INC., a Delaware corporation (the “Company”), and KENNETH OWEN SAITO (“Executive”). 
 W I T N E S S E T
H: 
 WHEREAS, the Company and Executive entered into an Amended and Restated Employment Agreement, dated as of
October 1, 2002, which Agreement has previously been amended (such Agreement as amended is hereinafter referred to as the “Prior Employment Agreement”); and 
 WHEREAS, the parties now desire to amend the Prior Employment Agreement in a number of respects and to restate such Agreement as hereinafter provided; and 

WHEREAS, Executive desires to continue his employment with the Company on the terms and conditions provided herein; 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, the parties hereby agree as
follows: 
 1. Employment and Term. 
 (a) Subject to the terms and conditions of this Agreement, the Company hereby employs Executive, and Executive hereby accepts employment, as Senior Vice President – Manufacturing &
Operations of the Company and shall have such responsibilities, duties and authority as may from time to time be assigned to Executive by the Chief Executive Officer (or his designee) or the Board. Executive hereby agrees that during the Term of
this Agreement he 

 
will devote substantially all his working time, attention and energies to the diligent performance of his duties for the Company. With the consent of the Chief Executive Officer, the Executive
may serve as a director on the board of directors or trustees of an additional company or educational organization. 
 (b)
Unless earlier terminated as provided herein, Executive’s employment under this Agreement shall be for a rolling, two-year term (the “Term”) commencing on December 31, 2010 (the “Effective Time”), and shall be deemed to
extend automatically, without further action by either the Company or Executive, each day for an additional day, such that the remaining term of the Agreement shall continue to be two years; provided, however, that either party may, by written
notice to the other, cause this Agreement to cease to extend automatically and, upon such notice, the “Term” of this Agreement shall be the two-year period following the date of such notice and this Agreement shall terminate upon the
expiration of such Term. 
 2. Compensation and Benefits. As compensation for Executive’s services during the Term
of this Agreement, Executive shall be paid and receive the compensation and benefits set forth in subsections (a) through (e) below: 
 (a) An annual base salary (“Base Salary”) of Three Hundred Sixty-Five Thousand Dollars ($365,000), prorated for any partial year of employment. Executive’s Base Salary shall be subject to
annual review at such time as the Company conducts salary reviews for its executives generally. Executive’s Base Salary shall be payable in substantially equal installments on a bi-monthly basis, or in accordance with the Company’s regular
payroll practices in effect from time to time for executives of the Company. 

  
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 (b) Executive shall be eligible to participate in the Executive Management Annual Incentive
Program (“Incentive Program”) and such other annual incentive plans as may be established by the Company from time to time for individuals at Executive’s level. The Company will establish individual and financial performance goals
each year under the Incentive Program, and Executive’s annual Target Bonus shall be 50% of Base Salary. The annual incentive bonus payable under this subsection (b) shall be payable in accordance with the provisions of the Incentive
Program at the same time bonuses are paid to other executives, unless Executive elects to defer all or a portion of such bonus pursuant to any deferral plan established by the Company for such purpose. 

(c) Executive was eligible to participate in the Blount, Inc. and Subsidiaries Supplemental Retirement Benefit Plan (“SERP”).
Executive acknowledges that the SERP was frozen effective as of December 31, 2006. 
 (d) Executive shall be entitled to
participate in, or receive benefits under, any “employee benefit plan” (as defined in Section 3(3) of ERISA) or employee benefit arrangement made generally available by the Company to its executives, including plans providing
retirement, 401(k) benefits (including the Savings Plus Benefit and the Blount Supplemental Retirement Savings Plan), health care (including Exec-U-Care), life insurance, disability and similar benefits. 

(e) The Company will reimburse Executive for membership dues and assessments at recreational or social clubs, if submitted to and
approved by the Chief Executive Officer. Executive is eligible for vacation in accordance with the Company’s standard vacation policy. Executive will be provided an annual physical examination and a financial/tax consultant

  
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 for financial and tax planning. Executive will be promptly reimbursed by the Company for all reasonable
business expenses Executive incurs and properly reports in carrying out Executive’s duties and responsibilities under this Agreement. Executive will be paid a tax gross-up amount by the Company to cover any additional federal, state or local
income taxes he incurs as a result of being required to include in income the amount of the costs for, or personal usage of, recreational or social clubs, financial and tax planning and any Company assets. 

3. Termination. 
 3.1 By Company. The Company shall have the right to terminate Executive’s employment under this Agreement at any time during the Term by Notice of Termination (as described in Section 6).
If the Company terminates Executive’s employment under this Agreement (i) for Cause, as defined in Section 5.2, (ii) if Executive becomes Disabled, or (iii) upon Executive’s death, the Company’s obligations under
this Agreement shall cease as of the date of termination; provided, however, that Executive will be entitled to whatever benefits are payable to Executive pursuant to the terms of any health, life insurance, disability, welfare, retirement or other
plan or program maintained by the Company in which Executive participates. If the Company terminates Executive during the Term of this Agreement other than pursuant to clauses (i) through (iii) of this Section 3.1, Executive shall be
entitled to receive the compensation and benefits provided in subsections (a) through (d) below. Unless specified otherwise, the time periods in subsections (a) through (d) below shall be the lesser of (i) the 12-month
period (the 24-month period if Executive’s Date of Termination is on or after the date of a Change in Control, as defined in Section 5.3), commencing on the date of Executive’s termination of employment, or (ii) the time period
remaining from Executive’s Date of 

  
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 Termination until the date he attains age 65 (such time period under (i) or (ii) is hereinafter
referred to as the “Severance Period”). Except as otherwise provided herein, the Company agrees that if Executive’s employment is terminated and he is entitled to compensation and benefits under this Section 3.1, he shall not be
required to mitigate damages by seeking other employment, nor shall any compensation or benefits he receives reduce the amount payable by the Company hereunder. Executive agrees that the compensation and benefits provided pursuant to Sections 3.1
and 3.2 shall be the only severance benefits payable to Executive by the Company and its affiliates as a result of Executive’s termination of employment and Executive hereby waives his rights (if any) to any severance benefits under any other
plan or program of the Company and its affiliates. The compensation and benefits payable or to be provided under subsections (a) through (d) below shall cease in the event of Executive’s death after termination of employment.

 (a) Base Salary - Executive will continue to receive his Base Salary as then in effect (subject to withholding of all
applicable taxes) for the Severance Period in the same manner as it was being paid as of the date of termination; provided, however, that the salary payments provided for hereunder shall be paid in a single lump sum payment, to be paid not later
than 30 days after his termination of employment; provided, further, that the amount of such lump sum payment shall be determined by taking the salary payments to be made and discounting them to their Present Value (as defined in Section 5.9)
on the date Executive’s employment under this Agreement is terminated. 

  
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 (b) Bonuses and Incentives - Executive shall receive bonus payments from the Company
for each month of the Severance Period in an amount for each such month equal to one-twelfth of the average of the bonuses (“Average Bonus”) earned by him for the two fiscal years in which bonuses were paid (ignoring any fiscal year in
which a bonus was not paid) immediately preceding the fiscal year in which such termination occurs (including, if applicable, any completed fiscal year for which the bonus has been earned but has not yet been paid). Any bonus amounts that Executive
had previously earned from the Company but which may not yet have been paid as of the date of termination shall be payable on the date such amounts are payable to other executives and Executive’s termination shall not affect the payment of such
bonus. Executive shall also receive a prorated bonus for any uncompleted fiscal year at the Date of Termination calculated based upon the Average Bonus and the number of days that he was employed during such fiscal year compared to 365. The bonus
amounts determined herein shall be paid in a single lump sum payment, to be paid not later than 30 days after termination of employment; provided, that the amount of such lump sum payment representing the monthly bonus payments shall be determined
by taking the monthly bonus payments to be made and discounting them to their Present Value on the date Executive’s employment under this Agreement is terminated. 
 (c) Health and Life Insurance Coverages - The health (including Exec-U-Care) and group term life insurance benefits coverage provided to Executive at his Date of Termination shall be continued for
the Severance Period at the same level and in the same manner as then provided to actively employed executive participants as if his employment under this Agreement had not terminated. Any additional coverages Executive had at termination, including
dependent coverage, will also be continued for such period on the same terms, to the extent permitted by the applicable policies or contracts. Any costs Executive was paying for 

  
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such coverages at the time of termination shall be paid by Executive by separate check payable to the Company each month in advance. If the terms of the life insurance coverage referred to in
this subsection (c), or the laws applicable to such life insurance coverage, do not permit continued participation by Executive, then the Company will arrange for other life insurance coverage at its expense providing substantially similar benefits.

 If the terms of the healthcare benefits program referred to in this subsection (c) do not permit continued participation
by Executive as required by this subsection or if the healthcare benefits to be provided to Executive and his dependents pursuant to this subsection (c) cannot be provided in a manner such that the benefit payments will continue to be tax-free
to Executive and his dependents, then the Company shall (i) pay to Executive within five (5) days after Executive’s date of termination a lump sum amount equal to the monthly rate for COBRA coverage at Executive’s termination
date that is then being paid by former active employees for the level of coverage that applies to Executive and his dependents, minus the amount active employees are then paying for such coverage, multiplied by the number of months in the Severance
Period (plus a tax gross-up on such lump sum amount determined under this subsection (c)), and (ii) permit Executive and his dependents to elect to participate in the healthcare plan for the length of the Severance Period upon payment of the
applicable rate for COBRA coverage during the Severance Period 
 (d) Employee Retirement Plans - To the extent permitted
by the applicable plan, Executive will be entitled to continue to participate, consistent with past practices, in all employee retirement and deferred compensation plans maintained by the Company in which Executive participates as of his Date of
Termination, including, to the extent such plans are still 

  
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maintained by the Company, the Blount 401(k) Plan and the Blount Supplemental Retirement Savings Plan (Executive acknowledges that the Blount Retirement Plan and the SERP were frozen effective as
of December 31, 2006). Executive’s participation in such plans shall continue for the Severance Period and the compensation payable to Executive under (a) and (b) above shall be treated (unless otherwise excluded) as compensation
under the plan as if it were paid on a monthly basis. For purposes of the Blount 401(k) Plan and the Blount Supplemental Retirement Savings Plan, Executive will receive an amount equal to the Company’s contributions to the plan, assuming
Executive had participated in such plan at the maximum permissible contributions level and the Company had continued to make Matching Contributions and Savings Plus Contributions to such plans for the Severance Period. The Company shall pay such
additional amounts in a lump sum within 30 days of Executive’s termination of employment. 
 (e) Effect of Lump Sum
Payment. The lump sum payments under subsections (a) and (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in subsections (c) and (d). Benefits under such plans shall be
determined as if Executive had received such payments monthly over the Severance Period. The lump sum payments under subsections (a), (b), (c) and (d) above are separate payments and are intended to satisfy the “short-term deferral
exception” of Section 409A of the Code; provided that, if such exception does not apply, the provisions of Section 3.5, including the provisions relating to the delay in payments to “key employees”, shall apply. 

(f) Stock Options and Other Equity Awards. As of Executive’s Date of Termination, any outstanding stock options and other
equity awards granted to Executive by the Company shall be become vested and exercisable as provided in the agreements for such stock options and equity awards. 

  
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 3.2 By Executive. Executive shall have the right to terminate his employment
hereunder at any time by Notice of Termination (as described in Section 6). If Executive terminates his employment other than for Good Reason, the Company’s obligations under this Agreement shall cease as of the date of such termination.
If Executive terminates his employment for Good Reason (as defined in Section 5.7), Executive shall be entitled to receive the compensation and benefits set forth in subsections (a) through (d) of Section 3.1 for the Severance
Period, subject to the other provisions of such section. 
 3.3 Release of Claims. To be entitled to any of the
compensation and benefits described above in this Section 3, Executive shall sign a release of claims in the form required by the Company. No payments shall be made under this Section 3 until such release has been properly executed and
delivered to the Company and until the expiration of the revocation period, if any, provided under the release. If the release is not properly executed by Executive and delivered to the Company within the reasonable time periods specified in the
release, the Company’s obligations under this Section 3 will terminate. 
 3.4 Sale of Business. If all or
substantially all of the assets of the Oregon Cutting Systems Group Operations are sold by the Company and Executive receives a bona fide offer of employment from the purchaser of such assets for a position and with compensation and benefits
comparable to those Executive then has with the Company, Executive shall not, as a result of such transaction, be entitled to compensation and benefits under this Section 3 arising from his termination of employment with the Company, nor shall
Executive be entitled to terminate his employment for Good Reason. If Executive does not receive such a bona fide offer of employment with comparable compensation and benefits from the purchaser, then the other provisions of this Section 3
shall apply. 

  
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 3.5 Section 409A Compliance. This Agreement shall at all times be interpreted
and operated in good faith compliance in accordance with the requirements of Section 409A. Any action that may be taken (and, to the extent possible, any action actually taken) by the Company shall not be taken (or shall be void and without
effect), if such action violates the requirements of Section 409A. Any provision in this Agreement that is determined to violate the requirements of Section 409A shall be void and without effect. In addition, any provision that is required
to appear in this Agreement in accordance with Section 409A that is not expressly set forth herein shall be deemed to be set forth herein, and the Agreement shall be administered in all respects as if such provision were expressly set forth.
The Company shall have the authority to delay the commencement of all or a part of the payments to Executive under Sections 3.1 or 3.2 if Executive is a “key employee” of the Company (as determined by the Company in accordance with
procedures established by the Company that are consistent with Section 409A) to a date which is six months after the date of Executive’s termination of employment (and on such date the payments that would otherwise have been made during
such six-month period shall be made), but only to the extent such delay is required under the provisions of Section 409A to avoid imposition of additional income and other taxes, provided that the Company and Executive agree to take into
account any transitional rules and exemption rules available under Section 409A. 

  
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 3.6 Limitation on Benefits Upon Termination. 

(a) Notwithstanding anything in this Agreement to the contrary, any benefits payable or to be provided to Executive by the Company or its
affiliates, whether pursuant to this Agreement or otherwise, which are treated as Severance Payments shall be modified or reduced in the manner provided in (b) below to the extent necessary so that the benefits payable or to be provided to
Executive under this Agreement that are treated as Severance Payments, as well as any payments or benefits provided outside of this Agreement that are so treated, shall not cause the Company to have paid an Excess Severance Payment. In computing
such amount, the parties shall take into account all provisions of Code Section 280G, and the regulations thereunder, including making appropriate adjustments to such calculation for amounts established to be Reasonable Compensation.

 (b) In the event that the amount of any Severance Payments which would be payable to or for the benefit of Executive under
this Agreement must be modified or reduced to comply with this Section 3.6, Executive shall direct which Severance Payments are to be modified or reduced; provided, however, that no increase in the amount of any payment or change in the timing
of the payment shall be made without the consent of the Company. 
 (c) This Section 3.6 shall be interpreted so as to
avoid the imposition of excise taxes on Executive under Section 4999 of the Code or the disallowance of a deduction to the Company pursuant to Section 280G(a) of the Code with respect to amounts payable under this Agreement or otherwise.
Notwithstanding the foregoing, in no event will any of the provisions of this Section 3.6 create, without the consent of Executive, an obligation on the part of Executive to refund any amount to the Company following payment of such amount.

  
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 (d) In addition to the limits otherwise provided in this Section 3.6, to the extent
permitted by law, Executive may in his sole discretion elect to reduce any payments he may be eligible to receive under this Agreement to prevent the imposition of excise taxes on Executive under Section 4999 of the Code. 

(e) For purposes of this Section 3.6, the following definitions shall apply: 

(i) “Excess Severance Payment” - The term “Excess Severance Payment” shall have the same meaning as the term
“excess parachute payment” defined in Section 280G(b)(1) of the Code. 
 (ii) “Severance
Payment” - The term “Severance Payment” shall have the same meaning as the term “parachute payment” defined in Section 280G(b)(2) of the Code. 

(iii) “Reasonable Compensation” - The term “Reasonable Compensation” shall have the same meaning as provided
in Section 280G(b)(4) of the Code. The parties acknowledge and agree that, in the absence of a change in existing legal authorities or the issuance of contrary authorities, amounts received by Executive as damages under or as a result of a
breach of this Agreement shall be considered Reasonable Compensation. 
 4. Confidentiality and Noncompetition.

 (a) Executive acknowledges that, prior to and during the Term of this Agreement, the Company has furnished and will furnish to
Executive Confidential Information which could be used by Executive on behalf of a competitor of the Company to the Company’s 

  
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substantial detriment. Moreover, the parties recognize that Executive during the course of his employment with the Company may develop important relationships with customers and others having
valuable business relationships with the Company. In view of the foregoing, Executive acknowledges and agrees that the restrictive covenants contained in this Section are reasonably necessary to protect the Company’s legitimate business
interests and good will. 
 (b) Executive agrees that he shall protect the Company’s Confidential Information and shall not
disclose to any Person, or otherwise use, except in connection with his duties performed in accordance with this Agreement, any Confidential Information at any time, including following the termination of his employment with the Company for any
reason; provided, however, that Executive may make disclosures required by a valid order or subpoena issued by a court or administrative agency of competent jurisdiction, in which event Executive will promptly notify the Company of such order or
subpoena to provide the Company an opportunity to protect its interests. Executive’s obligations under this Section 4(b) shall survive any expiration or termination of this Agreement for any reason, provided that Executive may after such
expiration or termination disclose Confidential Information with the prior written consent of the Board. 
 (c) Upon the
termination or expiration of his employment hereunder, Executive agrees to deliver promptly to the Company all Company files, customer lists, management reports, memoranda, research, Company forms, financial data and reports and other documents
supplied to or created by him in connection with his employment hereunder (including all copies of the foregoing) in his possession or control, and all of the Company’s equipment and other materials in his possession or control.
Executive’s obligations under this Section 4(c) shall survive any expiration or termination of this Agreement. 

  
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 (d) Upon the termination or expiration of his employment under this Agreement, Executive
agrees that for a period of one (1) year from his Date of Termination or until the end of the period for which he is entitled to receive compensation under Section 3.1 or 3.2 above, whichever is longer, he shall not (i) be employed by
or provide services to any company or business engaged in the design, manufacture, marketing or sale of any products similar to those produced or offered by the Company or its affiliates in the area of North America, provided that this
noncompetition restriction shall in no event extend longer than two years from Executive’s Date of Termination, (ii) divert or attempt to divert any person, concern or entity which is furnished products or services by the Company from
doing business with the Company or otherwise change its relationship with the Company, or (iii) solicit, lure or attempt to hire away any of the employees of the Company with whom the Executive interacted directly or indirectly while employed
with the Company. 
 (e) Executive acknowledges that if he breaches or threatens to breach this Section 4, his actions may
cause irreparable harm and damage to the Company which could not be compensated in damages. Accordingly, if Executive breaches or threatens to breach this Section 4, the Company shall be entitled to seek injunctive relief, in addition to any
other rights or remedies of the Company. The existence of any claim or cause of action by Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of
Executive’s agreement under this Section 4(e). 

  
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 5. Definitions. For purposes of this Agreement the following terms shall have the
meanings specified below: 
 5.1 “Board” or “Board of Directors”. The Board of Directors of Blount
International, Inc. 
 5.2 “Cause”. The involuntary termination of Executive by the Company for the following
reasons shall constitute a termination for Cause: 
 (a) If the termination shall have been the result of an act or acts by
Executive which have been found in an applicable court of law to constitute a felony; 
 (b) If the termination shall have been
the result of an act or acts by Executive which are in the good faith judgment of the Chief Executive Officer (or his designee) to be in violation of law or of policies of the Company and which result in material damage to the Company; 

(c) If the termination shall have been the result of an act or acts of proven dishonesty by Executive resulting or intended to result
directly or indirectly in significant gain or personal enrichment to the Executive at the expense of the Company; or 
 (d) Upon
the willful and continued failure by the Executive substantially to perform his duties with the Company (other than any such failure resulting from incapacity due to mental or physical illness not constituting a Disability, as defined herein), after
a demand in writing for substantial performance is delivered by the Chief Executive Officer (or his designee), which demand specifically identifies the manner in which the Chief Executive Officer (or his designee) believes that Executive has not
substantially performed his duties. 

  
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 With respect to clauses (b), (c) or (d) above of this Section, Executive shall not
be deemed to have been involuntarily terminated for Cause unless and until a notice is delivered to Executive by the Chief Executive Officer (or his designee) setting forth (i) the conduct deemed to qualify as Cause, (ii) reasonable action
that would remedy such objectionable conduct, and (iii) a reasonable time (not less than thirty days) within which Executive may take such remedial action, and Executive shall not have taken such specified remedial action within such specified
reasonable time. For purposes of this Agreement, no act or failure to act by Executive shall be deemed to be “willful” unless done or omitted to be done by Executive not in good faith and without reasonable belief that Executive’s
action or omission was in the best interests of the Company. 
 5.3 “Change in Control”. For purposes of this
Agreement, Change in Control shall mean (a) the acquisition, directly or indirectly, by any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act, as amended), of securities of Blount International, Inc.
representing an aggregate of more than 50% of the combined voting power of Blount International, Inc.’s then outstanding securities (excluding acquisitions by persons who acquire such amount through inheritance); (b) during any period of
two consecutive years, individuals who at the beginning of such period constitute the Board, cease for any reason to constitute at least a majority thereof, unless the election of each new director was approved in advance by a vote of at least a
majority of the directors then still in office who were directors at the beginning of the period; (c) consummation of (i) a merger, consolidation or other business combination of Blount International, Inc. with any other “person”
(as such term is used in Sections 13(d) and 14(d) of Exchange Act) or affiliate thereof, other than a merger, consolidation or business 

  
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combination which would result in the outstanding common stock of Blount International, Inc. immediately prior thereto continuing to represent (either by remaining outstanding or by being
converted into common stock of the surviving entity or a parent or affiliate thereof) more than 50% of the outstanding common stock of Blount International, Inc. or such surviving entity or parent or affiliate thereof, outstanding immediately after
such merger, consolidation or business combination, or (ii) a plan of complete liquidation of Blount International, Inc. or an agreement for the sale or disposition by Blount International, Inc. of all or substantially all of Blount
International, Inc.’s assets; or (d) a sale of more than 50% of the assets of Blount International, Inc. 
 5.4
“Code”. The Internal Revenue Code of 1986, as it may be amended from time to time. 
 5.5 “Confidential
Information”. All technical, business, and other information relating to the business of the Company or its subsidiaries or affiliates, including, without limitation, technical or nontechnical data, formulae, compilations, programs,
devices, methods, techniques, processes, financial data, financial plans, product plans, and lists of actual or potential customers or suppliers, which (i) derives economic value, actual or potential, from not being generally known to, and not
being readily ascertainable by proper means by, other Persons, and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy or confidentiality. Such information and compilations of information shall be
contractually subject to protection under this Agreement whether or not such information constitutes a trade secret and is separately protectable at law or in equity as a trade secret. Confidential Information does not include confidential business
information which does not constitute a trade secret under applicable law two years after any expiration or termination of this Agreement. 

  
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 5.6 “Disability” or “Disabled”. Executive’s inability
as a result of physical or mental incapacity to substantially perform Executive’s duties for the Company on a full-time basis for a period of six (6) consecutive months. 

5.7 “Good Reason”. A “Good Reason” for termination by Executive of Executive’s employment shall mean the
occurrence during the Term (without the Executive’s express written consent) of any one of the acts by the Company, or failures by the Company to act, set forth in (a) through (e) below, and satisfaction of the following conditions:
(i) Executive provides notice to the Company of such Good Reason condition within 90 days of its initial existence, (ii) the Company is given 30 days to remedy the Good Reason condition and fails to do so, and (iii) Executive
terminates employment within one year of the initial existence of the Good Reason condition. For purposes of this Agreement, the Good Reason conditions are as follows: 
 (a) a material adverse change in the nature or status of Executive’s job responsibilities from those set forth in Section 1(a); 

(b) a material reduction by the Company in Executive’s Base Salary as in effect on the date hereof or as the same may be increased
from time to time, except in connection with an across-the-board pay reduction for executives of similar status; 
 (c) a
material reduction by the Company in the compensation and benefits provided in the aggregate to Executive on the date hereof under the Company’s 401(k), deferred compensation, incentive compensation, life insurance, healthcare and accident or
disability plans, 

  
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or the taking of any action by the Company which would directly or indirectly materially reduce any of such compensation or benefits, except in connection with an across-the-board reduction that
impacts executives at Executive’s level generally; 
 (d) the failure by the Company to obtain a successor’s consent
to be bound by the Agreement as provided in Section 8.1; or 
 (e) any purported termination of Executive’s employment
which is not effected pursuant to a Notice of Termination satisfying the requirements of Section 6 (for purposes of this Agreement, no such purported termination shall be effective). 

The Executive’s right to terminate the Executive’s employment for Good Reason shall not be affected by the Executive’s
incapacity due to physical or mental illness. Unless otherwise agreed to by Executive, the Executive’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any act or failure to act constituting Good
Reason hereunder. 
 5.8 “Person”. Any individual, corporation, bank, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization or other entity. 
 5.9 “Present Value”. The term
“Present Value” on any particular date shall have the same meaning as provided in
 Section 280G(d)(4) of the Code. 

6. Termination Procedures. During the Term of this Agreement, any purported termination of Executive’s employment (other than
by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with Section 10. A Notice of Termination for Cause is required to include the information set forth in
Section 5.2. “Date of Termination,” with respect to any purported termination of 

  
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Executive’s employment during the Term of this Agreement, shall mean (i) if Executive’s employment is terminated by his death, the date of his death, (ii) if Executive’s
employment is terminated for Disability, thirty (30) days after Notice of Termination is given (provided that Executive shall not have returned to the full-time performance of Executive’s duties during such thirty (30) day period),
and (iii) if Executive’s employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of a termination by the Company, shall not be less than thirty (30) days, except in the case
of a termination for Cause; and in the case of a termination by the Executive, shall not be less than thirty (30) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). 

7. Contract Non-Assignable. The parties acknowledge that this Agreement has been entered into due to, among other things, the
special skills of Executive, and agree that this Agreement may not be assigned or transferred by Executive, in whole or in part, without the prior written consent of the Company. 

8. Successors; Binding Agreement. 
 8.1 In addition to any obligations imposed by law upon any successor to, or transferor of, the Company, the Company will require any successor to, or transferor of, all or substantially all of the
business and/or assets of the Company or stock of the Company (whether direct or indirect, by purchase, merger, reorganization, liquidation, consolidation or otherwise) 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 had taken place. Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this
Agreement and shall constitute the basis for Executive to terminate the Executive’s employment for Good Reason during the 90-day period after such succession and to receive the compensation and benefits provided in Section 3.1 above.

  
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 8.2 This Agreement shall inure to the benefit of and be enforceable by Executive’s
personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees and by the Company’s successors and assigns. If Executive shall die while any amount would still be payable to Executive
hereunder (other than amounts which, by their terms, terminate upon the death of Executive) if Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the
executors, personal representatives or administrators of Executive’s estate. 
 9. Other Agents. Nothing in this
Agreement is to be interpreted as limiting the Company from employing other personnel on such terms and conditions as may be satisfactory to the Company. 
 10. Notices. All notices, requests, demands and other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given if delivered or seven days after
mailing if mailed, first class, certified mail, postage prepaid: 
  

			
	 To the Company:
	    	Blount International, Inc.
		    	P.O. Box 22127
		    	Portland, Oregon 97269-2127
		    	ATTN: Chief Executive Officer
		
		    	With a copy to: General Counsel
		    	Blount International, Inc.
		    	P.O. Box 22127
		    	Portland, Oregon 97269-2127
		
	 To the Executive:
	    	Kenneth Owen Saito
		    	[Address Removed]

  
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 Any party may change the address to which notices, requests, demands and other communications shall be
delivered or mailed by giving notice thereof to the other party in the same manner provided herein. 
 11. Provisions
Severable. If any provision or covenant, or any part thereof, of this Agreement should be held by any court to be invalid, illegal or unenforceable, either in whole or in part, such invalidity, illegality or unenforceability shall not affect the
validity, legality or enforceability of the remaining provisions or covenants, or any part thereof, of this Agreement, all of which shall remain in full force and effect. 
 12. Waiver. Failure of either party to insist, in one or more instances, on performance by the other in strict accordance with the terms and conditions of this Agreement shall not be deemed a
waiver or relinquishment of any right granted in this Agreement or the future performance of any such term or condition or of any other term or condition of this Agreement, unless such waiver is contained in a writing signed by the party making the
waiver. 
 13. Indemnification. During the Term of this Agreement and after Executive’s termination, the Company
shall indemnify Executive and hold Executive harmless from and against any claim, loss or cause of action arising from or out of Executive’s performance as an officer, director or employee of the Company or any of its subsidiaries or other
affiliates or in any other capacity, including any fiduciary capacity, in which Executive serves at the Company’s request, in each case to the maximum extent permitted by law and under the

  
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Company’s Articles of Incorporation and By-Laws (the “Governing Documents”), provided that in no event shall the protection afforded to Executive hereunder be less than that
afforded under the Governing Documents as in effect on the date of this Agreement except for changes mandated by law. During the Term and after Executive’s termination, Executive shall be covered in accordance with the terms of any policy of
directors and officers liability insurance maintained by the Company for the benefit of its officers and directors. 
 14.
Amendments and Modifications. This Agreement may be amended or modified only by a writing signed by both parties hereto. 

15. Governing Law. The validity and effect of this Agreement shall be governed by and construed and enforced in accordance with
the laws of the State of Delaware. 
 16. Arbitration of Disputes; Expenses. All claims by Executive for compensation and
benefits under this Agreement shall be directed to and determined by the Board and shall be in writing. Any denial by the Board of a claim for benefits under this Agreement shall be delivered to Executive in writing and shall set forth the specific
reasons for the denial and the specific provisions of this Agreement relied upon. The Board shall afford a reasonable opportunity to Executive for a review of a decision denying a claim and shall further allow Executive to appeal to the Board a
decision of the Board within sixty (60) days after notification by the Board that Executive’s claim has been denied. Unless prohibited by applicable law, any further dispute or controversy arising under or in connection with this Agreement
shall be settled exclusively by arbitration in a location selected at the discretion of the Company (which shall not be unreasonable, taking into account the business location at which Executive is employed), and shall proceed in accordance with the
employment arbitration rules of the American Arbitration 

  
 -23-

 
Association then in effect. To the extent administratively practical, the Company and Executive agree to select an arbitrator who is an attorney with experience in employment law disputes.
Judgment may be entered on the arbitrator’s award in any court having jurisdiction. In the event the Executive incurs legal fees and other expenses in seeking to obtain or to enforce any rights or benefits provided by this Agreement and is
successful, in whole or in part, in obtaining or enforcing any material rights or benefits through settlement, arbitration or otherwise, the Company shall promptly pay a portion, which reflects the extent to which Executive has been successful in
enforcing such material rights or benefits, of Executive’s reasonable legal fees and expenses incurred in enforcing this Agreement and the fees of the arbitrator. Except to the extent provided in the preceding sentence, each party shall pay its
own legal fees and other expenses associated with any dispute. Notwithstanding the other provisions of this Section 16, any legal fees and expenses payable to Executive pursuant to this Section 16 shall be paid no later than the end of the
calendar year following the calendar year in which the fees and expenses are incurred. 
 [REMAINDER OF THIS PAGE INTENTIONALLY
LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Employment Agreement
as of the day and year first above written. 
  

			
	EXECUTIVE:
	
	 /s/ Kenneth O. Saito
 KENNETH OWEN SAITO

	
	 COMPANY:
 BLOUNT
INTERNATIONAL, INC.

		
	By:	 	 /s/ Richard H. Irving, III

		 	 Name: RICHARD H. IRVING, III

Title: Senior Vice President

  
 -25-Amended and Restated Empl Agr. by and b/w Blount Intl, Inc. and James Lee Vander

 Exhibit 10(n) 
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED AGREEMENT is made and entered into as of this 30th day of December, 2010, by and between BLOUNT INTERNATIONAL,
INC., a Delaware corporation (the “Company”), and JAMES LEE VANDERZANDEN (“Executive”). 
 W I T N E S S E
T H: 
 WHEREAS, the Company and Executive entered into an Amended and Restated Employment Agreement, dated as of
October 1, 2002, which Agreement has previously been amended (such Agreement as amended is hereinafter referred to as the “Prior Employment Agreement”); and 
 WHEREAS, the parties now desire to amend the Prior Employment Agreement in a number of respects and to restate such Agreement as hereinafter provided; and 

WHEREAS, Executive desires to continue his employment with the Company on the terms and conditions provided herein; 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, the parties hereby agree as
follows: 
 1. Employment and Term. 
 (a) Subject to the terms and conditions of this Agreement, the Company hereby employs Executive, and Executive hereby accepts employment, as Senior Vice President – Business Development of the
Company and shall have such responsibilities, duties and authority as may from time to time be assigned to Executive by the Chief Executive Officer (or his designee) or the Board. Executive hereby agrees that during the Term of this Agreement he

 
will devote substantially all his working time, attention and energies to the diligent performance of his duties for the Company. With the consent of the Chief Executive Officer, the Executive
may serve as a director on the board of directors or trustees of an additional company or educational organization. 
 (b)
Unless earlier terminated as provided herein, Executive’s employment under this Agreement shall be for a rolling, two-year term (the “Term”) commencing on December 31, 2010 (the “Effective Time”), and shall be deemed to
extend automatically, without further action by either the Company or Executive, each day for an additional day, such that the remaining term of the Agreement shall continue to be two years; provided, however, that either party may, by written
notice to the other, cause this Agreement to cease to extend automatically and, upon such notice, the “Term” of this Agreement shall be the two-year period following the date of such notice and this Agreement shall terminate upon the
expiration of such Term. 
 2. Compensation and Benefits. As compensation for Executive’s services during the Term
of this Agreement, Executive shall be paid and receive the compensation and benefits set forth in subsections (a) through (e) below: 
 (a) An annual base salary (“Base Salary”) of Two Hundred Seventy-Five Thousand Dollars ($275,000), prorated for any partial year of employment. Executive’s Base Salary shall be subject to
annual review at such time as the Company conducts salary reviews for its executives generally. Executive’s Base Salary shall be payable in substantially equal installments on a bi-monthly basis, or in accordance with the Company’s regular
payroll practices in effect from time to time for executives of the Company. 

  
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 (b) Executive shall be eligible to participate in the Executive Management Annual Incentive
Program (“Incentive Program”) and such other annual incentive plans as may be established by the Company from time to time for individuals at Executive’s level. The Company will establish individual and financial performance goals
each year under the Incentive Program, and Executive’s annual Target Bonus shall be 50% of Base Salary. The annual incentive bonus payable under this subsection (b) shall be payable in accordance with the provisions of the Incentive
Program at the same time bonuses are paid to other executives, unless Executive elects to defer all or a portion of such bonus pursuant to any deferral plan established by the Company for such purpose. 

(c) Executive was eligible to participate in the Blount, Inc. and Subsidiaries Supplemental Retirement Benefit Plan (“SERP”).
Executive acknowledges that the SERP was frozen effective as of December 31, 2006. 
 (d) Executive shall be entitled to
participate in, or receive benefits under, any “employee benefit plan” (as defined in Section 3(3) of ERISA) or employee benefit arrangement made generally available by the Company to its executives, including plans providing
retirement, 401(k) benefits (including the Savings Plus Benefit and the Blount Supplemental Retirement Savings Plan), health care (including Exec-U-Care), life insurance, disability and similar benefits. 

(e) Executive is eligible for vacation in accordance with the Company’s standard vacation policy. Executive will be provided an
annual physical examination. Executive will be promptly reimbursed by the Company for all reasonable business expenses Executive incurs and properly reports in carrying out Executive’s duties and responsibilities under this Agreement. Executive
will be paid a tax gross-up amount by the Company to cover any additional federal, state or local income taxes he incurs as a result of being required to include in income the amount of the costs for, or personal usage of Company assets. 

  
 -3-

 3. Termination. 

3.1 By Company. The Company shall have the right to terminate Executive’s employment under this Agreement at any time during
the Term by Notice of Termination (as described in Section 6). Executive shall have the right to terminate his employment at any time during the Term by notice to the Company. If the Company terminates Executive’s employment under this
Agreement (i) for Cause, as defined in Section 5.2, (ii) if Executive becomes Disabled, or (iii) upon Executive’s death, or if Executive terminates his employment, the Company’s obligations under this Agreement shall
cease as of the date of termination; provided, however, that Executive will be entitled to whatever benefits are payable to Executive pursuant to the terms of any health, life insurance, disability, welfare, retirement or other plan or program
maintained by the Company in which Executive participates. If the Company terminates Executive during the Term of this Agreement other than pursuant to clauses (i) through (iii) of this Section 3.1, Executive shall be entitled to
receive the compensation and benefits provided in subsections (a) through (c) below. Unless specified otherwise, the time periods in subsections (a) through (c) below shall be the lesser of (i) the 12-month period (the
24-month period if Executive’s Date of Termination is on or after the date of a Change in Control, as defined in Section 5.3), commencing on the date of Executive’s termination of employment, or (ii) the time period remaining
from Executive’s Date of Termination until the date he attains age 65 (such time period under (i) or (ii) is hereinafter referred to as the “Severance Period”). Except as

  
 -4-

 
otherwise provided herein, the Company agrees that if Executive’s employment is terminated and he is entitled to compensation and benefits under this Section 3.1, he shall not be
required to mitigate damages by seeking other employment, nor shall any compensation or benefits he receives reduce the amount payable by the Company hereunder. Executive agrees that the compensation and benefits provided pursuant to this
Section 3.1 shall be the only severance benefits payable to Executive by the Company and its affiliates as a result of Executive’s termination of employment and Executive hereby waives his rights (if any) to any severance benefits under
any other plan or program of the Company and its affiliates. The compensation and benefits payable or to be provided under subsections (a) through (c) below shall cease in the event of Executive’s death after termination of
employment. 
 (a) Base Salary - Executive will continue to receive his Base Salary as then in effect (subject to
withholding of all applicable taxes) for the Severance Period in the same manner as it was being paid as of the date of termination; provided, however, that the salary payments provided for hereunder shall be paid in a single lump sum payment, to be
paid not later than 30 days after his termination of employment; provided, further, that the amount of such lump sum payment shall be determined by taking the salary payments to be made and discounting them to their Present Value (as defined in
Section 5.8) on the date Executive’s employment under this Agreement is terminated. 
 (b) Bonuses and
Incentives - Executive shall receive bonus payments from the Company for each month of the Severance Period in an amount for each such month equal to one-twelfth of the average of the bonuses (“Average Bonus”) earned by him for the two
fiscal years in which bonuses were paid (ignoring any fiscal year in which a bonus was not paid) 

  
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immediately preceding the fiscal year in which such termination occurs (including, if applicable, any completed fiscal year for which the bonus has been earned but has not yet been paid). Any
bonus amounts that Executive had previously earned from the Company but which may not yet have been paid as of the date of termination shall be payable on the date such amounts are payable to other executives and Executive’s termination shall
not affect the payment of such bonus. Executive shall also receive a prorated bonus for any uncompleted fiscal year at the Date of Termination calculated based upon the Average Bonus and the number of days that he was employed during such fiscal
year compared to 365. The bonus amounts determined herein shall be paid in a single lump sum payment, to be paid not later than 30 days after termination of employment; provided, that the amount of such lump sum payment representing the monthly
bonus payments shall be determined by taking the monthly bonus payments to be made and discounting them to their Present Value on the date Executive’s employment under this Agreement is terminated. 

(c) Health and Life Insurance Coverages - The health (including Exec-U-Care) and group term life insurance benefits coverage
provided to Executive at his Date of Termination shall be continued for the Severance Period at the same level and in the same manner as then provided to actively employed executive participants as if his employment under this Agreement had not
terminated. Any additional coverages Executive had at termination, including dependent coverage, will also be continued for such period on the same terms, to the extent permitted by the applicable policies or contracts. Any costs Executive was
paying for such coverages at the time of termination shall be paid by Executive by separate check payable to the Company each month in advance. If the terms of the life insurance coverage referred to in this subsection (c), or the laws applicable to
such life insurance coverage, do not permit continued participation by Executive, then the Company will arrange for other life insurance coverage at its expense providing substantially similar benefits. 

  
 -6-

 If the terms of the healthcare benefits program referred to in this subsection (c) do
not permit continued participation by Executive as required by this subsection or if the healthcare benefits to be provided to Executive and his dependents pursuant to this subsection (c) cannot be provided in a manner such that the benefit
payments will continue to be tax-free to Executive and his dependents, then the Company shall (i) pay to Executive within five (5) days after Executive’s date of termination a lump sum amount equal to the monthly rate for COBRA
coverage at Executive’s termination date that is then being paid by former active employees for the level of coverage that applies to Executive and his dependents, minus the amount active employees are then paying for such coverage, multiplied
by the number of months in the Severance Period (plus a tax gross-up on such lump sum amount determined under this subsection (c)), and (ii) permit Executive and his dependents to elect to participate in the healthcare plan for the length of
the Severance Period upon payment of the applicable rate for COBRA coverage during the Severance Period 
 (d) Effect of Lump
Sum Payment. The lump sum payments under subsections (a) and (b) above shall not alter the amounts Executive is entitled to receive under the benefit plans described in subsection (c). Benefits under such plans shall be determined as
if Executive had received such payments monthly over the Severance Period. The lump sum payments under subsections (a), (b), and (c) above are separate payments and are intended to satisfy the “short-term deferral exception” of
Section 409A of the Code; provided that, if such exception does not apply, the provisions of Section 3.5, including the provisions relating to the delay in payments to “key employees”, shall apply. 

  
 -7-

 (e) Stock Options and Other Equity Awards. As of Executive’s Date of
Termination, any outstanding stock options and other equity awards granted to Executive by the Company shall be become vested and exercisable as provided in the agreements for such stock options and equity awards. 

3.2 Release of Claims. To be entitled to any of the compensation and benefits described above in Section 3.1, Executive shall
sign a release of claims in the form required by the Company. No payments shall be made under Section 3.1 until such release has been properly executed and delivered to the Company and until the expiration of the revocation period, if any,
provided under the release. If the release is not properly executed by Executive and delivered to the Company within the reasonable time periods specified in the release, the Company’s obligations under Section 3.1 will terminate.

 3.3 Sale of Business. If all or substantially all of the assets of the business unit for which Executive works are
sold by the Company and Executive receives a bona fide offer of employment from the purchaser of such assets for a position and with compensation and benefits comparable to those Executive then has with the Company, Executive shall not, as a result
of such transaction, be entitled to compensation and benefits under Section 3.1 arising from his termination of employment with the Company. If Executive does not receive such a bona fide offer of employment with comparable compensation and
benefits from the purchaser, then the other provisions of this Section 3 shall apply. 

  
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 3.4 Section 409A Compliance. This Agreement shall at all times be interpreted
and operated in good faith compliance in accordance with the requirements of Section 409A. Any action that may be taken (and, to the extent possible, any action actually taken) by the Company shall not be taken (or shall be void and without
effect), if such action violates the requirements of Section 409A. Any provision in this Agreement that is determined to violate the requirements of Section 409A shall be void and without effect. In addition, any provision that is required
to appear in this Agreement in accordance with Section 409A that is not expressly set forth herein shall be deemed to be set forth herein, and the Agreement shall be administered in all respects as if such provision were expressly set forth.
The Company shall have the authority to delay the commencement of all or a part of the payments to Executive under Section 3.1 if Executive is a “key employee” of the Company (as determined by the Company in accordance with procedures
established by the Company that are consistent with Section 409A) to a date which is six months after the date of Executive’s termination of employment (and on such date the payments that would otherwise have been made during such
six-month period shall be made), but only to the extent such delay is required under the provisions of Section 409A to avoid imposition of additional income and other taxes, provided that the Company and Executive agree to take into account any
transitional rules and exemption rules available under Section 409A. 
 3.5 Limitation on Benefits Upon Termination.

 (a) Notwithstanding anything in this Agreement to the contrary, any benefits payable or to be provided to Executive by the
Company or its affiliates, whether pursuant to this Agreement or otherwise, which are treated as Severance Payments shall be modified or reduced in the manner provided in (b) below to the extent necessary so that the benefits payable or to be

  
 -9-

 
provided to Executive under this Agreement that are treated as Severance Payments, as well as any payments or benefits provided outside of this Agreement that are so treated, shall not cause the
Company to have paid an Excess Severance Payment. In computing such amount, the parties shall take into account all provisions of Code Section 280G, and the regulations thereunder, including making appropriate adjustments to such calculation
for amounts established to be Reasonable Compensation. 
 (b) In the event that the amount of any Severance Payments which would
be payable to or for the benefit of Executive under this Agreement must be modified or reduced to comply with this Section 3.5, Executive shall direct which Severance Payments are to be modified or reduced; provided, however, that no increase
in the amount of any payment or change in the timing of the payment shall be made without the consent of the Company. 
 (c)
This Section 3.5 shall be interpreted so as to avoid the imposition of excise taxes on Executive under Section 4999 of the Code or the disallowance of a deduction to the Company pursuant to Section 280G(a) of the Code with respect to
amounts payable under this Agreement or otherwise. Notwithstanding the foregoing, in no event will any of the provisions of this Section 3.5 create, without the consent of Executive, an obligation on the part of Executive to refund any amount
to the Company following payment of such amount. 
 (d) In addition to the limits otherwise provided in this Section 3.5,
to the extent permitted by law, Executive may in his sole discretion elect to reduce any payments he may be eligible to receive under this Agreement to prevent the imposition of excise taxes on Executive under Section 4999 of the Code.

  
 -10-

 (e) For purposes of this Section 3.5, the following definitions shall apply:

 (i) “Excess Severance Payment” - The term “Excess Severance Payment” shall have the same meaning
as the term “excess parachute payment” defined in Section 280G(b)(1) of the Code. 
 (ii) “Severance
Payment” - The term “Severance Payment” shall have the same meaning as the term “parachute payment” defined in Section 280G(b)(2) of the Code. 

(iii) “Reasonable Compensation” - The term “Reasonable Compensation” shall have the same meaning as provided
in Section 280G(b)(4) of the Code. The parties acknowledge and agree that, in the absence of a change in existing legal authorities or the issuance of contrary authorities, amounts received by Executive as damages under or as a result of a
breach of this Agreement shall be considered Reasonable Compensation. 
 4. Confidentiality and Noncompetition.

 (a) Executive acknowledges that, prior to and during the Term of this Agreement, the Company has furnished and will furnish to
Executive Confidential Information which could be used by Executive on behalf of a competitor of the Company to the Company’s substantial detriment. Moreover, the parties recognize that Executive during the course of his employment with the
Company may develop important relationships with customers and others having valuable business relationships with the Company. In view of the foregoing, Executive acknowledges and agrees that the restrictive covenants contained in this Section are
reasonably necessary to protect the Company’s legitimate business interests and good will. 

  
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 (b) Executive agrees that he shall protect the Company’s Confidential Information and
shall not disclose to any Person, or otherwise use, except in connection with his duties performed in accordance with this Agreement, any Confidential Information at any time, including following the termination of his employment with the Company
for any reason; provided, however, that Executive may make disclosures required by a valid order or subpoena issued by a court or administrative agency of competent jurisdiction, in which event Executive will promptly notify the Company of such
order or subpoena to provide the Company an opportunity to protect its interests. Executive’s obligations under this Section 4(b) shall survive any expiration or termination of this Agreement for any reason, provided that Executive may
after such expiration or termination disclose Confidential Information with the prior written consent of the Board. 
 (c) Upon
the termination or expiration of his employment hereunder, Executive agrees to deliver promptly to the Company all Company files, customer lists, management reports, memoranda, research, Company forms, financial data and reports and other documents
supplied to or created by him in connection with his employment hereunder (including all copies of the foregoing) in his possession or control, and all of the Company’s equipment and other materials in his possession or control.
Executive’s obligations under this Section 4(c) shall survive any expiration or termination of this Agreement. 
 (d)
Upon the termination or expiration of his employment under this Agreement, Executive agrees that for a period of one (1) year from his Date of Termination or until the end of the period for which he is entitled to receive compensation under
Section 3.1 above, whichever is longer, he shall not (i) be employed by or provide services to any company 

  
 -12-

 
or business engaged in the design, manufacture, marketing or sale of any products similar to those produced or offered by the Company or its affiliates in the area of North America, provided that
this noncompetition restriction shall in no event extend longer than two years from Executive’s Date of Termination, (ii) divert or attempt to divert any person, concern or entity which is furnished products or services by the Company from
doing business with the Company or otherwise change its relationship with the Company, or (iii) solicit, lure or attempt to hire away any of the employees of the Company with whom the Executive interacted directly or indirectly while employed
with the Company. 
 (e) Executive acknowledges that if he breaches or threatens to breach this Section 4, his actions may
cause irreparable harm and damage to the Company which could not be compensated in damages. Accordingly, if Executive breaches or threatens to breach this Section 4, the Company shall be entitled to seek injunctive relief, in addition to any
other rights or remedies of the Company. The existence of any claim or cause of action by Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of
Executive’s agreement under this Section 4(e). 
 5. Definitions. For purposes of this Agreement the following
terms shall have the meanings specified below: 
 5.1 “Board” or “Board of Directors”. The Board of
Directors of Blount International, Inc. 
 5.2 “Cause”. The involuntary termination of Executive by the Company
for the following reasons shall constitute a termination for Cause: 

  
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 (a) If the termination shall have been the result of an act or acts by Executive which have
been found in an applicable court of law to constitute a felony; 
 (b) If the termination shall have been the result of an act
or acts by Executive which are in the good faith judgment of the Chief Executive Officer (or his designee) to be in violation of law or of policies of the Company and which result in material damage to the Company; 

(c) If the termination shall have been the result of an act or acts of proven dishonesty by Executive resulting or intended to result
directly or indirectly in significant gain or personal enrichment to the Executive at the expense of the Company; or 
 (d) Upon
the willful and continued failure by the Executive substantially to perform his duties with the Company (other than any such failure resulting from incapacity due to mental or physical illness not constituting a Disability, as defined herein), after
a demand in writing for substantial performance is delivered by the Chief Executive Officer (or his designee), which demand specifically identifies the manner in which the Chief Executive Officer (or his designee) believes that Executive has not
substantially performed his duties. 
 With respect to clauses (b), (c) or (d) above of this Section, Executive shall
not be deemed to have been involuntarily terminated for Cause unless and until a notice is delivered to Executive by the Chief Executive Officer (or his designee) setting forth (i) the conduct deemed to qualify as Cause, (ii) reasonable
action that would remedy such objectionable conduct, and (iii) a reasonable time (not less than thirty days) within which Executive may take such remedial action, and Executive shall not have taken such specified remedial action within such
specified reasonable time. For purposes of this Agreement, no act or failure to act by Executive shall be deemed to be “willful” unless done or omitted to be done by Executive not in good faith and without reasonable belief that
Executive’s action or omission was in the best interests of the Company. 

  
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 5.3 “Change in Control”. For purposes of this Agreement, Change in Control
shall mean (a) the acquisition, directly or indirectly, by any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act, as amended), of securities of Blount International, Inc. representing an aggregate of more
than 50% of the combined voting power of Blount International, Inc.’s then outstanding securities (excluding acquisitions by persons who acquire such amount through inheritance); (b) during any period of two consecutive years, individuals
who at the beginning of such period constitute the Board, cease for any reason to constitute at least a majority thereof, unless the election of each new director was approved in advance by a vote of at least a majority of the directors then still
in office who were directors at the beginning of the period; (c) consummation of (i) a merger, consolidation or other business combination of Blount International, Inc. with any other “person” (as such term is used in Sections
13(d) and 14(d) of Exchange Act) or affiliate thereof, other than a merger, consolidation or business combination which would result in the outstanding common stock of Blount International, Inc. immediately prior thereto continuing to represent
(either by remaining outstanding or by being converted into common stock of the surviving entity or a parent or affiliate thereof) more than 50% of the outstanding common stock of Blount International, Inc. or such surviving entity or parent or
affiliate thereof, outstanding immediately after such merger, consolidation or business combination, or (ii) a plan of complete liquidation of Blount International, Inc. or an agreement for the sale or disposition by Blount International, Inc.
of all or substantially all of Blount International, Inc.’s assets; or (d) a sale of more than 50% of the assets of Blount International, Inc. 

  
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 5.4 “Code”. The Internal Revenue Code of 1986, as it may be amended from
time to time. 
 5.5 “Confidential Information”. All technical, business, and other information relating to the
business of the Company or its subsidiaries or affiliates, including, without limitation, technical or nontechnical data, formulae, compilations, programs, devices, methods, techniques, processes, financial data, financial plans, product plans, and
lists of actual or potential customers or suppliers, which (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other Persons, and (ii) is the subject
of efforts that are reasonable under the circumstances to maintain its secrecy or confidentiality. Such information and compilations of information shall be contractually subject to protection under this Agreement whether or not such information
constitutes a trade secret and is separately protectable at law or in equity as a trade secret. Confidential Information does not include confidential business information which does not constitute a trade secret under applicable law two years after
any expiration or termination of this Agreement. 
 5.6 “Disability” or “Disabled”.
Executive’s inability as a result of physical or mental incapacity to substantially perform Executive’s duties for the Company on a full-time basis for a period of six (6) consecutive months. 

5.7 “Person”. Any individual, corporation, bank, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization or other entity. 

  
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 5.8 “Present Value”. The term “Present Value” on any particular
date shall have the same meaning as provided in Section 280G(d)(4) of the Code. 
 6. Termination Procedures. During
the Term of this Agreement, any purported termination of Executive’s employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with
Section 10. A Notice of Termination for Cause is required to include the information set forth in Section 5.2. “Date of Termination,” with respect to any purported termination of Executive’s employment during the Term of
this Agreement, shall mean (i) if Executive’s employment is terminated by his death, the date of his death, (ii) if Executive’s employment is terminated for Disability, thirty (30) days after Notice of Termination is given
(provided that Executive shall not have returned to the full-time performance of Executive’s duties during such thirty (30) day period), and (iii) if Executive’s employment is terminated for any other reason, the date specified
in the Notice of Termination (which, in the case of a termination by the Company, shall not be less than thirty (30) days, except in the case of a termination for Cause; and in the case of a termination by the Executive, shall not be less than
thirty (30) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). 

7. Contract Non-Assignable. The parties acknowledge that this Agreement has been entered into due to, among other things, the
special skills of Executive, and agree that this Agreement may not be assigned or transferred by Executive, in whole or in part, without the prior written consent of the Company. 

  
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 8. Successors; Binding Agreement. 

8.1 In addition to any obligations imposed by law upon any successor to, or transferor of, the Company, the Company will require any
successor to, or transferor of, all or substantially all of the business and/or assets of the Company or stock of the Company (whether direct or indirect, by purchase, merger, reorganization, liquidation, consolidation or otherwise) 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 had taken place. 
 8.2 This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees
and by the Company’s successors and assigns. If Executive shall die while any amount would still be payable to Executive hereunder (other than amounts which, by their terms, terminate upon the death of Executive) if Executive had continued to
live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives or administrators of Executive’s estate. 

9. Other Agents. Nothing in this Agreement is to be interpreted as limiting the Company from employing other personnel on such
terms and conditions as may be satisfactory to the Company. 
 10. Notices. All notices, requests, demands and other
communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given if delivered or seven days after mailing if mailed, first class, certified mail, postage prepaid: 

 

			
	 To the Company:
	 	 Blount International, Inc.

		 	 P.O. Box 22127

		 	 Portland, Oregon 97269-2127

		 	 ATTN: Chief Executive Officer

 

  
 -18-

			
		 	 With a copy to: General Counsel

		 	 Blount International, Inc.

		 	 P.O. Box 22127

		 	 Portland, Oregon 97269-2127

		
	 To the Executive:
	 	 James Lee VanderZanden

		 	 [Address Removed]

 Any
party may change the address to which notices, requests, demands and other communications shall be delivered or mailed by giving notice thereof to the other party in the same manner provided herein. 

11. Provisions Severable. If any provision or covenant, or any part thereof, of this Agreement should be held by any court to be
invalid, illegal or unenforceable, either in whole or in part, such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of the remaining provisions or covenants, or any part thereof, of this
Agreement, all of which shall remain in full force and effect. 
 12. Waiver. Failure of either party to insist, in one
or more instances, on performance by the other in strict accordance with the terms and conditions of this Agreement shall not be deemed a waiver or relinquishment of any right granted in this Agreement or the future performance of any such term or
condition or of any other term or condition of this Agreement, unless such waiver is contained in a writing signed by the party making the waiver. 
 13. Indemnification. During the Term of this Agreement and after Executive’s termination, the Company shall indemnify Executive and hold Executive harmless from and against any claim, loss or
cause of action arising from or out of Executive’s performance as an officer, director or employee of the Company or any of its subsidiaries or other affiliates or in 

  
 -19-

 
any other capacity, including any fiduciary capacity, in which Executive serves at the Company’s request, in each case to the maximum extent permitted by law and under the Company’s
Articles of Incorporation and By-Laws (the “Governing Documents”), provided that in no event shall the protection afforded to Executive hereunder be less than that afforded under the Governing Documents as in effect on the date of this
Agreement except for changes mandated by law. During the Term and after Executive’s termination, Executive shall be covered in accordance with the terms of any policy of directors and officers liability insurance maintained by the Company for
the benefit of its officers and directors. 
 14. Amendments and Modifications. This Agreement may be amended or modified
only by a writing signed by both parties hereto. 
 15. Governing Law. The validity and effect of this Agreement shall be
governed by and construed and enforced in accordance with the laws of the State of Delaware. 
 16. Arbitration of Disputes;
Expenses. All claims by Executive for compensation and benefits under this Agreement shall be directed to and determined by the Board and shall be in writing. Any denial by the Board of a claim for benefits under this Agreement shall be
delivered to Executive in writing and shall set forth the specific reasons for the denial and the specific provisions of this Agreement relied upon. The Board shall afford a reasonable opportunity to Executive for a review of a decision denying a
claim and shall further allow Executive to appeal to the Board a decision of the Board within sixty (60) days after notification by the Board that Executive’s claim has been denied. Unless prohibited by applicable law, any further dispute
or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in a location selected at the discretion of the Company (which shall not be 

  
 -20-

 
unreasonable, taking into account the business location at which Executive is employed), and shall proceed in accordance with the employment arbitration rules of the American Arbitration
Association then in effect. To the extent administratively practical, the Company and Executive agree to select an arbitrator who is an attorney with experience in employment law disputes. Judgment may be entered on the arbitrator’s award in
any court having jurisdiction. In the event the Executive incurs legal fees and other expenses in seeking to obtain or to enforce any rights or benefits provided by this Agreement and is successful, in whole or in part, in obtaining or enforcing any
material rights or benefits through settlement, arbitration or otherwise, the Company shall promptly pay a portion, which reflects the extent to which Executive has been successful in enforcing such material rights or benefits, of Executive’s
reasonable legal fees and expenses incurred in enforcing this Agreement and the fees of the arbitrator. Except to the extent provided in the preceding sentence, each party shall pay its own legal fees and other expenses associated with any dispute.
Notwithstanding the other provisions of this Section 16, any legal fees and expenses payable to Executive pursuant to this Section 16 shall be paid no later than the end of the calendar year following the calendar year in which the fees
and expenses are incurred. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 -21-

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Employment Agreement
as of the day and year first above written. 
  

			
	EXECUTIVE:
	/s/ James L. Vanderzanden
	JAMES LEE VANDERZANDEN
	
	COMPANY:
	BLOUNT INTERNATIONAL, INC.
		
	By:	 	 /s/ Richard H. Irving, III

		 	Name: RICHARD H. IRVING, III
		 	Title: Senior Vice President

  
 -22-

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