MPM HOLDINGS INC. MANAGEMENT EQUITY PLAN

(a)“Affiliate” means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company has any direct or indirect ownership interest shall be treated as an Affiliate of the Company.

(b)“Award” means, individually or collectively, any Option, Restricted Stock, RSU or Other Stock-Based Award granted under the Plan.

(c)“Board” means the Board of Directors of the Company.

(d)“Cause,” with respect to each Grantee, has the meaning set forth in the then current employment (or similar) agreement entered into by and between such Grantee and the Company or any of its Affiliates that is in effect as of the date of the Grantee’s termination of employment, if applicable; and in the absence of any such employment (or similar) agreement, “Cause” means, unless the applicable Grant Certificate states otherwise, a finding by the Committee of: (A) the Grantee’s gross negligence or willful misconduct, or willful failure to attempt in good faith to substantially perform his or her duties (other than due to physical or mental illness or incapacity), (B) the Grantee’s conviction of, or plea of guilty or nolo contendere to, or confession to, (1) a misdemeanor involving moral turpitude or (2) a felony (or the equivalent of a misdemeanor involving moral turpitude or felony in a jurisdiction other than the United States), (C) the Grantee’s knowingly willful violation of the Company’s or any Affiliate’s written policies that the Board determines is detrimental to the best interests of the Company and its Affiliates, (D) the Grantee’s fraud or misappropriation, embezzlement or material misuse of funds or property belonging to the Company or any of its Affiliates, (E) the Grantee’s use of alcohol or drugs that materially interferes with the performance of his or her duties, or (F) willful or reckless misconduct in respect of the Grantee’s obligations to the Company or its Affiliates or other acts of misconduct by the Grantee occurring during the course of the Grantee’s employment, which in either case results in or could reasonably be expected to result in material damage to the property, business or reputation of the Company or its Affiliates; provided, however, that the Grantee shall be provided a single 10-day period to cure any of

the events or occurrences described in the immediately preceding clauses (A), (C), (E) or (F) hereof, to the extent curable.

(e) “Code” means the Internal Revenue Code of 1986, as amended, and any successor thereto. Reference in the Plan to any section of the Code shall be deemed to include any regulations or other interpretative guidance under such section, and any amendments or successor provisions to such section, regulations or guidance.

(f)“Committee” means the Compensation Committee of the Board, or such other committee as may be appointed by the Compensation Committee or the Board.

(g)“Company” means MPM Holdings Inc., a Delaware corporation.

(h)“Control” (including, with correlative meanings, the terms “Controlled by” and “under common Control with”), as used with respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise.

(i)“Disability,” with respect to each Grantee, has the meaning set forth in the then current employment (or similar) agreement entered into by and between such Grantee and the Company or any of its Affiliates that is in effect as of the date of the Grantee’s termination of employment, if applicable, which defines “Disability” or words of like import; and in the absence of any such employment (or similar) agreement, “Disability” means, unless the applicable Grant Certificate states otherwise, a finding by the Committee of the Grantee’s incapacitation through any illness, injury, accident or condition of either a physical or psychological nature which has resulted in his or her inability to perform the essential functions of his or her position, even with reasonable accommodations, for one hundred and eighty (180) calendar days during any period of three hundred and sixty-five (365) consecutive calendar days, and such incapacity is expected to continue.

(j)“Effective Date” means March 12, 2015.

(k)“Employee” means any Person that is providing, or has agreed to provide, services to the Company or an Affiliate of the Company, whether as an employee, director or independent contractor.

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

(m)“Exercise Price” means, with respect to any Option (or portion thereof), the price at which the Grantee shall be entitled to purchase the Shares subject to such Option (or portion thereof) upon the exercise of all or any portion of such Option.

(n)“Fair Market Value” of a Share on any given date means:

(i)if the Shares are listed on one or more National Securities Exchanges (within the meaning of the Exchange Act), each Share shall be valued at the closing price of a Share on the principal exchange on which such Shares are then trading, or, if no sales of Shares were made on such exchange on that date, the closing price of a Share for the next preceding day on which sales of Shares were made on the exchange;

(ii)if the Shares are not traded on a National Securities Exchange but are quoted on NASDAQ or a successor quotation system and the Shares are listed as a National Market Issue under the NASD National Market System, each Share shall be valued at the last sales

price per Share on such date as reported by NASDAQ or such successor quotation system, or, if no sales of Shares were reported by NASDAQ or such successor quotation system on that date, the last price of a Share as reported by NASDAQ or such successor quotation system for the next preceding day on which sales of Shares were reported by NASDAQ or such successor quotation system; or

(iii)if the Shares are not publicly traded on a National Securities Exchange and are not quoted on NASDAQ or a successor quotation system, the fair market value of the Shares shall be determined in good faith by the Committee based on its good faith determination of the fair market value of the Company and its subsidiaries as a whole, taking into account any discounts (whether for lack of control, illiquidity or otherwise) that the Committee determines to be appropriate.

(o)“Fiscal Year” means the fiscal year of the Company, which on the date the Plan is adopted, is the period beginning on or about January 1 and ending on or about December 31.

(p)“Good Reason,” with respect to each Grantee, has the meaning set forth in the then current employment (or similar) agreement entered into by and between such Grantee and the Company or any of its Affiliates that is in effect as of the date of the Grantee’s termination of employment, if applicable; and in the absence of any such employment (or similar) agreement, “Good Reason” shall not exist.

(q)“Governmental Entity” means any national, state, county, local, municipal or other government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality.

(r)“Grant Certificate” means a certificate accepted by the Grantee, or other written agreement between the Company and the Grantee, evidencing the grant of an Award hereunder and containing such terms and conditions, not inconsistent with the express provisions of the Plan, as the Committee shall approve.

(s)“Grantee” means an Employee granted an Award under the Plan.

(t) “IPO” means an initial public offering of the Shares or other event that results in the Shares being listed for trading on a national securities exchange.

(u)“ISO” shall mean any Option or portion thereof that meets the requirements of an incentive stock option under Section 422 of the Code, and that is designated by the Committee to be an ISO in the applicable Grant Certificate.

(v)“Nonqualified Option” shall mean any Option or portion thereof that is not an ISO.

(w)“Options” shall refer to options to acquire Shares that are granted under and subject to the Plan.

(x)“Other Stock-Based Award” means an Award granted under Section 6.

(y)“Permitted Transferee” has the meaning set forth in Section 9(f)(ii).

(z)“Person” means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, association, Governmental Entity, unincorporated entity or other entity.

(aa)“Plan” means this MPM Holdings Inc. Management Equity Plan as set forth herein and as amended from time to time.

(a)Authority of the Committee. The Plan shall be administered by the Committee. The Committee shall have full and final authority to take the following actions, in each case subject to and consistent with the provisions of the Plan:

(A)to select the Employees to whom Awards may be granted;

(B)to determine the number of Shares subject to each such Award;

(C)to determine the terms and conditions of any Award granted under the Plan, including, without limitation, the Exercise Price, vesting schedules, Restricted Period, conditions relating to exercise, and termination of the right to exercise;

(D)to determine the restrictions or conditions related to the delivery, holding and disposition of Shares acquired upon exercise of an Award;

(E)to determine and/or increase the vested portion of any Award;

(F)to prescribe the form of each Grant Certificate;

(G)to determine whether any Option shall be an ISO or a Nonqualified Option;

(H)to adopt, amend, suspend, waive and rescind such rules and regulations and appoint such agents as the Committee may deem necessary or advisable to administer the Plan;

(I)to correct any defect or supply any omission or reconcile any inconsistency in the Plan and to construe and interpret the Plan and any Award, Grant Certificate or other instrument hereunder; and

(J)to make all other decisions and determinations as may be required under the terms of the Plan or as the Committee may deem necessary or advisable for the administration of the Plan.

(b)Committee Authority. Any action of the Committee with respect to the Plan shall be final, conclusive and binding on all Persons, including, without limitation, the Company, its Affiliates, Grantees, and any Person claiming any rights under the Plan from or through any Grantee, except to the extent the Committee may subsequently modify, or take further action not consistent with, its prior action, or as expressly provided in any Grant Certificate. If not specified in the Plan, the time at which the Committee must or may make any determination shall be determined by the Committee, and any such determination may thereafter be modified by the Committee (subject to

Section 10). The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. The Committee may delegate to officers or managers of the Company or any Affiliate of the Company the authority, subject to such terms as the Committee shall determine, to perform such functions as the Committee may determine, to the extent permitted under applicable law.

(c)Limitation of Liability. Each member of the Committee shall be entitled to, in good faith, rely or act upon any report or other information furnished to him by any officer or other employee of the Company or any of its Affiliates, the Company’s independent certified public accountants or any executive compensation consultant, legal counsel or other professional retained by the Company to assist in the administration of the Plan. To the fullest extent permitted by applicable law, no member of the Committee, nor any officer or employee of the Company acting on behalf of the Committee, shall be personally liable for any action, determination or interpretation taken or made in good faith with respect to the Plan, and all members of the Committee and any officer or employee of the Company acting on its behalf shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to any such action, determination or interpretation.

(d)Actions by the Board. The Board may at any time and from time to time, grant Awards and administer the Plan with respect to such Awards. In any such case, the Board shall have all the authority granted to the Committee under the Plan.

Section 5.Award Terms.

(a)Option Terms. Unless otherwise determined by the Committee and set forth in a Grant Certificate, Options granted under the Plan shall contain the following terms and conditions:

(i)Exercise Price. The Exercise Price per Share subject to an Option granted to a Grantee shall be not less than the Fair Market Value per Share as of the date the Option is granted.

(ii)Termination. Options shall terminate on the earliest of:

(A)the 30^th day following the date that the Grantee is no longer employed or engaged by the Company and any Affiliate; provided, however, that the Option shall not terminate until (x) the 90^th day following the date the Grantee’s employment is terminated by the Company or its Affiliate without Cause, or if applicable, by the Grantee for Good Reason; or (y) the 365^th day following the date the Grantee is no longer employed or engaged by the Company and any Affiliate by reason of death or Disability (as determined by the Committee in its sole discretion); provided, further, that (1) in all cases, unless otherwise set forth in the Grant Certificate, the portion of any Option that is not vested on the date of termination of employment or engagement for any reason shall terminate immediately upon such termination, and (2) if such termination is for Cause, the vested portion shall terminate as well;

(B)the tenth anniversary of the date of grant; and

(C)cancellation, termination or expiration of the Options pursuant to action taken by the Committee in accordance with Section 7.

(iii)Tax Status.

(A)Each Option granted under the Plan is a Nonqualified Option and is not intended to qualify as an ISO under Section 422 of the Code.

(B)A Grantee shall notify the Company of any disposition of Shares acquired upon exercise of an ISO if such disposition occurs within one year of the date of such exercise or within two years of the date of grant of such ISO. The Company may impose such procedures as it determines may be necessary to ensure that such notification is made.

(b)Conditions to Exercise of Options.

(i)Only the vested portion of any Option may be exercised. Except as otherwise provided in this Section 5(b)(i) or in the applicable Grant Certificate, a Grantee shall exercise an Option by delivery of written notice to the Company setting forth the number of Shares with respect to which the Option is to be exercised, together with a certified check or bank draft payable to the order of the Company for an amount equal to the sum of the Exercise Price for such Shares and any income taxes (subject to Section 5(b)(ii)) and employment taxes required to be withheld. The Committee may, in its sole discretion, at the time the Option is granted or at a later date, permit other forms of payment in a Grant Certificate or otherwise, including notes, Shares or other contractual obligations of a Grantee to make payment on a deferred basis. Following an IPO, except as otherwise provided in the applicable Grant Certificate, a Grantee may exercise an Option by means of (A), if and only to the extent permitted by the Committee in its sole discretion, a “net exercise” procedure effected by withholding the minimum number of Shares otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price for such Shares and all applicable required withholding taxes, provided, however, that the number of Shares so withheld shall not have an aggregate Fair Market Value on the date of such withholding in excess of the minimum required withholding obligation with respect to the Grantee, or (B) a broker-assisted “cashless

exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price for such Shares and all applicable required withholding taxes. Any fractional Shares shall be settled in cash.

(ii)Before the Company issues any Shares to the Grantee pursuant to the exercise of an Option, the Company shall have the right to require that the Grantee make such provision, or furnish the Company such authorization, necessary or desirable so that the Company may satisfy its obligation under applicable tax laws to withhold for income or other taxes due upon or incident to such exercise. The Committee, may, in its sole discretion, at the time the Option is granted or at a later date, permit such withholding obligation to be satisfied through the withholding of Shares that would otherwise be delivered upon exercise of the Option, provided, however, that the number of Shares so withheld shall not have an aggregate Fair Market Value on the date of such withholding in excess of the minimum required withholding obligation with respect to the Grantee.

(iii)As a condition to the grant of an Option or delivery of any Shares upon exercise of an Option, the Company shall have the right to require that the Grantee become party to any stockholders’ agreement among the Company’s stockholders or management stockholders that may be in effect at the relevant time.

(c)Restricted Stock and Restricted Stock Units.

(i)Generally. Each grant of Restricted Stock and Restricted Stock Units shall be evidenced by a Grant Certificate. Each Restricted Stock and Restricted Stock Unit grant shall be subject to the conditions set forth in this Section 5(c), and to such other conditions not inconsistent with the Plan as determined by the Committee and may be reflected in the applicable Grant Certificate. The Committee shall establish restrictions applicable to such Restricted Stock and Restricted Stock Units, including the Restricted Period, and the time or times at which Restricted Stock or Restricted Stock Units shall be granted or become vested. The Committee may in its sole discretion accelerate the vesting and/or the lapse of any or all of the restrictions on the Restricted Stock and Restricted Stock Units which acceleration shall not affect any other terms and conditions of such Awards.

(ii)Stock Certificates; Escrow or Similar Arrangement. Upon the grant of Restricted Stock, the Committee shall cause Share(s) to be registered in the name of the Grantee in book-entry form subject to the Company’s directions and, if the Committee determines that the Restricted Stock shall be held by the Company or in escrow rather than delivered to the Grantee pending vesting and the release of the applicable restrictions, the Committee may require the Grantee to additionally execute and deliver to the Company (i) an escrow agreement satisfactory to the Committee, if applicable, and (ii) the appropriate stock power (endorsed in blank) with respect to the Restricted Stock covered by such agreement. If a Grantee shall fail to execute and deliver (in a manner permitted under Section 9(a) or as otherwise determined by the Committee) a Grant Certificate and, if applicable, an escrow agreement and blank stock power within the amount of time specified by the Committee, the

Award shall be null and void. Subject to the restrictions set forth in this Section 5(c) and the applicable Grant Certificate, the Grantee generally shall have the rights and privileges of a stockholder as to such Restricted Stock, including without limitation the right to vote such Restricted Stock (provided that any dividends payable on Restricted Stock shall be held by the Company and delivered (without interest) to the Grantee within 15 days following the date on which the restrictions on such Restricted Stock lapse (and the right to any such accumulated dividends shall be forfeited upon the forfeiture of the Restricted Stock to which such dividends relate)). The Committee shall also be permitted to cause a stock certificate registered in the name of the Grantee to be issued. To the extent Restricted Stock is forfeited, any stock certificates issued to the Grantee evidencing such Shares shall be returned to the Company, and all rights of the Grantee to such Shares and as a stockholder with respect thereto shall terminate without further obligation or action on the part of the Company.

(iii)Restricted Stock Units. No Shares shall be issued at the time an Award of Restricted Stock Units is made, and the Company will not be required to set aside a fund for the payment of any such Award. At the discretion of the Committee, each Restricted Stock Unit (representing one Share) awarded to a Grantee may be credited with dividends paid in respect of one Share (“Dividend Equivalents”). At the discretion of the Committee, Dividend Equivalents may be either currently paid to the Grantee or withheld by the Company for the

Grantee’s account, and interest may, if so determined by the Committee, be credited on the amount of cash Dividend Equivalents withheld at a rate and subject to such terms as determined by the Committee. Dividend Equivalents credited to a Grantee’s account and attributable to any particular Restricted Stock Unit (and earnings thereon, if applicable) shall be distributed to the Grantee upon settlement of such Restricted Stock Unit and, if such Restricted Stock Unit is forfeited, the Grantee shall have no right to such Dividend Equivalents.

(iv)Restrictions; Forfeiture. Restricted Stock and Restricted Stock Units awarded to a Grantee shall be subject to forfeiture until the expiration of the Restricted Period and the attainment of any other vesting criteria established by the Committee, and to such other terms and conditions, in each case to the extent set forth in the applicable Grant Certificate.

(v)Notwithstanding anything to the contrary in the Plan, except as otherwise provided in the applicable Grant Certificate or any applicable employment, consulting, change-in-control, severance or other agreement between a Grantee and the Company or an Affiliate, the unvested portion of Restricted Stock and Restricted Stock Units shall terminate and be forfeited upon termination of employment or service of the Grantee granted the applicable Award. The Committee shall have the authority to remove any or all of the restrictions on the Restricted Stock and Restricted Stock Units whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the date of the Restricted Stock Award or Restricted Stock Unit Award, such action is appropriate.

(vi)Delivery of Restricted Stock and Settlement of Restricted Stock Units. Upon the expiration of the Restricted Period with respect to any Shares of Restricted Stock and the attainment of any other vesting criteria established by the Committee, the restrictions set forth in the applicable Grant Certificate shall be of no further force or effect with respect to such Shares, except as set forth in the applicable Grant Certificate. If an escrow arrangement is used, upon such expiration, the Company shall deliver to the Grantee, or his or her beneficiary, without charge a notice evidencing a book entry notation (or, if applicable, the stock certificate) evidencing the Shares of Restricted Stock which have not then been forfeited and with respect to which the Restricted Period has expired (rounded down to the nearest full Share). Dividends, if any, that may have been withheld by the Committee and attributable to any particular Share of Restricted Stock shall be distributed to the Employee in cash or, at the sole discretion of the Committee, in Shares having a Fair Market Value (on the date of distribution) equal to the amount of such dividends, upon the release of restrictions on such Share and, if such Share is forfeited, the Grantee shall have no right to such dividends.

(vii)Unless otherwise provided by the Committee in a Grant Certificate or any applicable employment, consulting, change-in-control, severance or other agreement between a Grantee and the Company or an Affiliate, upon the expiration of the Restricted Period and the attainment of any other vesting criteria established by the Committee, with respect to any outstanding Restricted Stock Units, the Company shall deliver to the Grantee, or his or her beneficiary, without charge, one Share (or other securities or other property, as applicable) for each such outstanding Restricted Stock Unit which has not then been forfeited and with respect to which the Restricted Period has expired and any other such vesting criteria are attained (“Released Unit”); provided, however, that the Committee may, in its sole discretion, elect to (i) pay cash or part cash and part Shares in lieu of delivering only Shares in respect of

such Released Units or (ii) defer the delivery of Shares (or cash or part Shares and part cash, as the case may be) beyond the expiration of the Restricted Period if requested by the Grantee and such extension would not cause adverse tax consequences under Section 409A of the Code. If a cash payment is made in lieu of delivering Shares, the amount of such payment shall be equal to the Fair Market Value of the Shares as of the date on which the Restricted Period lapsed with respect to such Restricted Stock Units. To the extent provided in a Grant Certificate, the holder of outstanding Released Units shall be entitled to be credited with Dividend Equivalents (upon the payment by the Company of dividends on Shares) either in cash or, at the sole discretion of the Committee, in Shares having a Fair Market Value equal to the amount of such dividends (and interest may, at the sole discretion of the Committee, be credited on the amount of cash Dividend Equivalents at a rate and subject to such terms as determined by the Committee), which accumulated Dividend Equivalents (and interest thereon, if applicable) shall be payable at the same time as the underlying Restricted Stock Units are settled following the release of restrictions on such Restricted Stock Units, and, if such Restricted Stock Units are forfeited, the Grantee shall have no right to such Dividend Equivalents.

(viii)Legends on Restricted Stock. Each certificate representing Restricted Stock awarded under the Plan, if any, shall bear a legend substantially in the form of the following in

addition to any other information the Company deems appropriate until the lapse of all restrictions with respect to such Shares:

Section 6.Other Stock-Based Awards. The Committee may issue unrestricted Shares, rights to receive grants of Awards at a future date, other Awards denominated in Shares (including, without limitation, performance shares or performance units), or Awards that provide for cash payments based in whole or in part on the value or future value of Shares under the Plan to Grantees, alone or in tandem with other Awards, in such amounts as the Committee shall from time to time in its sole discretion determine. Each Other Stock-Based Award granted under the Plan shall be evidenced by a Grant Certificate. Each Other Stock-Based Award so granted shall be subject to such conditions not inconsistent with the Plan as may be reflected in the applicable Grant Certificate including, without limitation, the payment by the Grantee of the Fair Market Value of such Shares on the date of grant.

(a)Grant Certificate; No Uniformity of Treatment. Each Award shall be evidenced by a Grant Certificate. The terms and provisions of such certificates may vary among Grantees and among different Awards granted to the same Grantee. There is no obligation for uniformity of treatment of Grantee and any other holders or beneficiaries of Awards, and the terms and conditions of Awards,

and the determinations and interpretations of the Committee with respect to Awards need not be the same with respect to Grantee and such other grantees (whether or not they are similarly situated). Unless otherwise stated in the Grant Certificate, in the event of a conflict between the terms of the Grant Certificate and the Plan, the terms of the Plan shall govern.

(b)Company Repurchase Right. A Grant Certificate may provide for the Company’s ability to repurchase outstanding Awards (or Shares acquired in respect of Awards) on such terms as set forth in the Grant Certificate.

(c)Rights as Stockholders. The holder of an Option or other Award shall not be deemed for any purpose, nor have any of the rights or privileges of, a stockholder of the Company in respect

of any Shares purchasable upon the exercise of any part of an Option or deliverable in respect of such other Award unless, until and to the extent that (i) in the case of an Option, such Option shall have been exercised pursuant to its terms, (ii) the Company shall have issued and delivered such Shares to such holder and (iii) the holder’s name shall have been entered as a stockholder of record with respect to such Shares on the books of the Company.

(d)No Right to Continued Employment. The grant of an Award in any year shall not give the Grantee any right to similar grants in future years, any right to continue such Grantee’s employment or service relationship with the Company or its Affiliates, or, until Shares are issued, any rights as a stockholder of the Company. All Grantees shall remain subject to discharge to the same extent as if the Plan were not in effect. For all purposes herein, a Person who transfers from employment or service with the Company to employment or service with an Affiliate or vice versa (or from an employee to an independent contractor or vice versa) shall not be deemed to have terminated employment or service with the Company or an Affiliate. For purposes of the Plan, a sale of any Affiliate of the Company that employs or engages a Grantee shall be treated as the termination of such Grantee’s employment or engagement.

(e)No Right to Company Assets. No Grantee, and no beneficiary or other Persons claiming under or through the Grantee, shall have any right, title or interest by reason of any Award to any particular assets of the Company or Affiliates of the Company, or any Shares allocated or reserved for the purposes of the Plan or subject to any Award except as set forth herein. The Company shall not be required to establish any fund or make any other segregation of assets to assure satisfaction of the Company’s obligations under the Plan.

(f)Nontransferability.

(i)Except as otherwise provided by the Committee or expressly provided in the Plan or applicable Grant Certificate, no Award or any Shares received upon exercise, settlement or payment thereof may be Transferred, except by will or the laws of descent and distribution, or pursuant to a qualified domestic relations order, and an Award shall be exercisable during the Grantee’s lifetime only by the Grantee. Upon a Grantee’s death, the estate or other beneficiary of such deceased Grantee shall be subject to all the terms and conditions of the Plan and Grant Certificate, including, without limitation, the provisions relating to the termination of the right to exercise the Award.

(ii)Notwithstanding the foregoing, the Committee may permit Awards or any Shares received upon exercise, settlement or payment thereof to be Transferred by a Grantee, without consideration, subject to such rules as the Committee may adopt, to (A) a spouse and/

or lineal descendants (whether by blood relationship or adoption), and any other Person as to which such natural Person is a lineal descendant (whether by blood relationship or adoption); (B) any trust or other entity solely for the benefit of any Person described in clause (A) or combinations of such Persons; or (C) any other transferee as may be approved either (I) by the Committee, or (II) as provided in the applicable Grant Certificate; (each transferee described in clauses (A), (B) and (C) above is hereinafter referred to as a “Permitted Transferee”); provided that the Grantee gives the Committee advance written notice describing the terms and conditions of the proposed Transfer and the Committee notifies the Grantee in writing that

such a Transfer would comply with the requirements of the Plan.

(iii)The terms of any Award or any Shares received upon exercise, settlement or payment thereof which are Transferred in accordance with Section 9(f)(ii) shall apply to the Permitted Transferee and any reference in the Plan, or in any applicable Grant Certificate, to a Grantee shall be deemed to refer to the Permitted Transferee, except that (A) Permitted Transferees shall not be entitled to Transfer any Award or any Shares received upon exercise, settlement or payment thereof, other than by will or the laws of descent and distribution; (B) Permitted Transferees shall not be entitled to exercise any transferred Award unless there shall be in effect a registration statement on an appropriate form covering the shares of Common Stock to be acquired pursuant to the exercise of such Award if the Committee determines, consistent with any applicable Grant Certificate, that such a registration statement is necessary or appropriate; (C) the Committee or the Company shall not be required to provide any notice to a Permitted Transferee, whether or not such notice is or would otherwise have been required to be given to the Grantee under the Plan or otherwise; and (D) the consequences of the termination of the Grantee’s employment by, or services to, the Company or an Affiliate under the terms of the Plan and the applicable Grant Certificate shall continue to be applied with respect to the Permitted Transferee, including, without limitation, that an Award shall be exercisable by the Permitted Transferee only to the extent, and for the periods, specified in the Plan and the applicable Grant Certificate.

(iv)Without limiting the generality of the foregoing, nothing herein shall preclude the Committee from (A) adopting a stock ownership policy or equity hold policy, in either case applicable prospectively or retroactively with respect to any Grantee, any Award, or any Shares received upon exercise, settlement or payment of any Award, or (B) imposing a “lock up period” restricting any Grantee during such period from (1) Transferring, directly or indirectly, any Shares received upon exercise, settlement or payment of any Award, or any other securities convertible into or exercisable or exchangeable for such Shares, or (2) entering into any swap or other arrangement that Transfers to another, in whole or in part, any of the economic consequences of ownership of Shares received upon exercise, settlement or payment of any Award.

(g)Drag Along.

(i)If, at any time prior to the consummation of an IPO, a Sale occurs, then, in connection therewith, each Grantee shall be required to Transfer 100% of his or her Shares (whether acquired pursuant to the exercise, settlement or payment of any other Award).

(ii)Each Grantee and the Company shall consent to and raise no objections to the Sale, and if the Sale is lawful and is structured as: (A) a merger or consolidation of the Company or any of its Subsidiaries, or a sale of all or substantially all of the assets of the

Company and its Subsidiaries taken as a whole, each Grantee shall, and hereby does (1) irrevocably and unconditionally, waive (and agrees to cause to be waived and to prevent the

exercise of) any dissenter’s rights, appraisal rights or similar rights in connection with such transaction, (2) instruct the Board to vote in favor of such Sale and to submit such Sale, if required by law, to a vote of the stockholders of the Company or request a written consent thereto as promptly as possible, and (3) agree to vote in favor of such Sale at any annual or special meeting of the stockholders of the Company or to execute a written consent approving such Sale (or to cause each of its Affiliates to vote or act by written consent to approve such Sale, as the case may be), or (B) a sale of Shares, each Grantee shall, and hereby does agree to, sell such number of his or her Shares as is contemplated by Section 9(g)(i) on the terms and conditions approved by the Company; provided, in the case of each of the foregoing clauses (A) and (B), that the terms and conditions upon which each Grantee’s Shares are sold are the same terms and conditions in all material respects that apply to the Company’s stockholders generally.

(iii)Subject to Section 9(g)(vii), all Grantees shall cooperate in and take all actions that the Company deems reasonably necessary or desirable in connection with the consummation of the Sale, including, without limitation, the execution of such agreements and instruments and other actions reasonably necessary to: (A) make or provide the same representations, warranties, indemnities, covenants, conditions, escrow agreements and other provisions and agreements relating to such Sale that the Company stockholders (other than Grantees) have agreed to make or provide (except that in the case of representations and warranties pertaining specifically to any Company stockholder, a Grantee shall make the comparable representations and warranties pertaining specifically to itself), and (B) allocate and distribute the aggregate consideration payable upon the consummation of the Sale. At the closing of any Sale pursuant to this Section 9(g), each Grantee shall deliver at such closing, against payment of the purchase price therefor, certificates representing his or her Shares to be sold, duly endorsed for Transfer or accompanied by duly endorsed stock powers, evidence of good title to the Shares to be sold and absence of liens, encumbrances and adverse claims with respect thereto, and such other documents as are deemed reasonably necessary by the Company for the proper Transfer of such Shares on the books of the Company.

(iv)The Company shall deliver any notice to the Grantees of any Sale at least fifteen (15) days prior to the consummation of the Sale.

(v)If any Grantee is given an option as to the form and amount of consideration to be received for his or her Shares in a Sale, all Grantees shall be given the same option.

(vi)No Grantee shall be obligated to pay more than his or her respective Proportionate Percentage of the fees and expenses incurred in connection with a consummated Sale to the extent such expenses are incurred for the benefit of all Grantees and are not otherwise paid by the Company or the acquiring party.

(vii)No Grantee shall be required to make any representations, warranties, covenants or indemnities that are joint or joint and several or that pertain to matters other than: (A) title to the Shares held by such Grantee, (B) such Grantee’s capacity, authority or power to consummate the Sale, (C) conflicts with laws, conflicts with contracts,

organizational documents and orders applicable to such Grantee, or (D) broker and similar fees payable by such Grantee.

(viii)Any indemnification obligations for breaches of representations, warranties, covenants or agreements made by the Company and its Affiliates (other than those made by or on behalf of any Company stockholder or Grantee individually) shall be shared pro rata among the Company stockholder and Grantee based on the aggregate consideration (including, without limitation, any holdbacks, earn-outs or amounts in escrow) payable to each Company stockholder or Grantee, as the case may be, for their Shares Transferred in an Sale; provided, however, that in no event shall any individual Grantee be required to incur indemnification or contribution obligations with respect to such breaches that are joint or joint and several or exceed the aggregate consideration (including, without limitation, any holdbacks, earn-outs or amounts in escrow) payable to such Grantee for his or her Shares Transferred in the Sale.

(ix)By accepting any Award granted hereunder, a Grantee grants an irrevocable proxy and power of attorney which, it is agreed, is given as a condition to this Agreement and coupled with an interest, to any nominee of the Company or a selling stockholders, as applicable (the “Seller Nominee”) to take all necessary actions and execute and deliver all documents deemed necessary and appropriate by such Seller Nominee to consummate any Sale. To the extent a Grantee fails to comply with the provisions of this Section 9(g), such Grantee hereby, to the fullest extent permitted by law, indemnifies, defends and holds the Seller Nominee, its officers, directors, employees, counsel, representatives, agents and partners harmless severally (and not jointly or jointly and severally), in accordance with the respective pro rata share of the aggregate consideration (including, without limitation, any holdbacks, earn-outs or amounts in escrow) payable to such Grantee in any such Sale, against all claims, liability, loss or damage (or actions in respect thereof), together with all reasonable costs and expenses (including, without limitation, reasonable legal fees and expenses, costs of investigation, and expenses incurred in settlement of any litigation commenced or threatened), relating to or arising from its exercise of such proxy and power of attorney granted hereby.

(h)Misconduct of Grantee. Notwithstanding anything to the contrary in the Plan, the Committee, in its sole discretion, may establish procedures, in the applicable Grant Certificate providing for the forfeiture or cancellation of any Award (whether vested or unvested), or the disgorgement of gains from the exercise, vesting or settlement of the Award, in each case to be applied if the Grantee engages in conduct detrimental to the Company. For purposes of the Plan, conduct detrimental to the Company shall include Grantee’s breaches of any restrictive covenants on competition, solicitation of employees or clients, or confidential information, and may include conduct that the Committee in its sole discretion determines (i) to be injurious or prejudicial to any interest of the Company or any Affiliate, or (ii) to otherwise violate a policy, procedure or rule applicable to the Grantee with respect to the Company or any of its Affiliates, or if the Grantee’s employment with the Company and its Affiliates is terminated for Cause. Notwithstanding any of the foregoing to the contrary, the Company shall retain the right to bring an action at equity or law to enjoin Grantee’s misconduct and recover damages resulting from such misconduct.

(i)Governing Law. The Plan and Award grants hereunder shall be governed by the laws of the State of New York.

(j)Severability. If any provision of the Plan or any Grant Certificate is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such

provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full force and effect.

(k)Successors. The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company.

(l)Section 409A. Notwithstanding any provision of the Plan to the contrary, it is intended that the provisions of the Plan comply with or be exempt from Section 409A of the Code, and all provisions of the Plan shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A of the Code. Each Grantee is solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on or for the account of such Grantee in connection with the Plan (including, without limitation, any taxes and penalties under Section 409A of the Code), and neither the Company nor any Affiliate shall have any obligation to indemnify or otherwise hold such Grantee (or any beneficiary) harmless from any or all of such taxes or penalties. Notwithstanding any provision of the Plan to the contrary, in the event that the Committee determines that any Shares issued or amounts payable hereunder will be subject to additional tax under Section 409A of the Code, prior to delivery to such Grantee of such Shares or payment to such Grantee of such amount, the Company may (i) adopt such amendments to the Plan and Awards and appropriate policies and procedures, including, without limitation, amendments and policies with retroactive effect, that the Committee determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the Plan and Awards hereunder and/or (ii) take such other actions as the Committee determines necessary or appropriate to avoid or limit the imposition of such additional tax under Section 409A of the Code. In the event that it is reasonably determined by the Committee that, as a result of Section 409A of the Code, payments in respect of any Awards under the Plan may not be made at the time contemplated by the terms of the Plan or the relevant Grant Certificate, as the case may be, without causing the Grantee holding such Award to be subject to taxation under Section 409A of the Code, the Company will make such payment on the first day that would not result in the Grantee incurring any tax liability under Section 409A of the Code.