CALAMOS ASSET MANAGEMENT, INC. Calamos Partners Deferred Bonus Award Calamos Partners Deferred Bonus Award Statement for ______________

Deferred bonus (“Deferred Bonus”). The amount of your Deferred Bonus will be paid to you in cash as provide in Paragraph 4.

2.  Deferred Bonus Vesting:

The Award will vest on June 30, 2017 (the “Vesting Date”), provided that you have remained in the continuous employ of the Company through such date. If prior to the Vesting Date your employment is terminated due your death, as a result of your disability (as defined below)) or by the Company without cause (as defined below), the Deferred Bonus will continue to vest and be paid to you or your beneficiary, as the case may be, as if your employment had not terminated. If prior to the Vesting Date, your employment is terminated for any reason other than your death, as a result of your disability or by the Company without cause, the Deferred Bonus will be immediately forfeited and cancelled and you will cease to have any rights with respect to the Deferred Bonus. For termination due to disability, we will use the definition of disability as defined in the Associate Handbook. We will use the definition of cause in your employment agreement with the Company, or if you do not have an employment agreement which defines cause, cause will mean the occurrence of any of the following events: (i) you have engaged in acts of gross moral turpitude or are convicted of, or have pled guilty or nolo contendere to any felony; (ii) you are found to have misappropriated money, assets, or other property of the Company or a Subsidiary (as defined in the Plan) or affiliate or of a client of the Company; (iii) you are found to have acted with gross negligence, or engaged in acts of gross misconduct; (iv) your breach of any of the terms of any agreement with the Company which adversely affects the Company; (v) your willful failure to substantially perform your duties as reasonably directed by the Company; (vi) you violate or otherwise materially breach your obligations under any code of ethics, code of conduct, or trading or other employment-related policy applicable to you; or (vii) your failure to maintain such licenses as are required for the performance of your duties.

3.  Special Bookkeeping Account:

A special bookkeeping account (the “Account”) will be established, and maintained by the Company to reflect the amount of the Deferred Bonus. The Account will be credited with the initial amount of the Deferred Bonus.

The Company will pay you or your beneficiary, as the case may be, the balance of the Account as of the Measurement Date (as defined below) upon or shortly after the Vesting Date. The “Measurement Date” means the last day of the month immediately preceding the Vesting Date or such other date as the Committee may determine. The Company will pay the balance of the Account to you in cash.

Upon the distribution of the Deferred Bonus, ordinary income equal to the sum of the cash distributed and the amount withheld is recognized.

As a condition to the receipt of your Deferred Bonus Award, you must execute the Confidentiality and Restrictive Covenants Agreement (the “Covenants Agreement”) attached hereto as Exhibit A and maintain compliance with the Covenants Agreement. Failure to have entered into the Covenants Agreement within thirty (30) days of the grant date, or any breach the Covenants Agreement, shall cause your Deferred Bonus Award and all other awards under the Plan to be cancelled, forfeited and of no further force or effect as of the date of such failure or breach.