Common use of Section 409A Clause in Contracts

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:

Section 409A. This Award Agreement is intended to be in compliance comply with the provisions of Section 409A or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of the Internal Revenue Code to the extent applicablethis Agreement, and the Regulations issued thereunder. Anything in payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to the contrary notwithstanding, if at the time of the Awardee’s an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Executive on account of non-compliance with Section 409A. Notwithstanding any other provision of this Agreement, if any payment or benefit provided to the Executive in connection with his termination of employment is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is determined to be a “specified employee” within the meaning of as defined in Section 409A(a)(2)(B)(i) of the Code409A(a)(2)(b)(i), then to the extent any such payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided paid until the first payroll date that is to occur following the earlier six-month anniversary of the Termination Date (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death“Specified Employee Payment Date”). The determination aggregate of whether and when a separation from service has occurred any payments that would otherwise have been paid before the Specified Employee Payment Date shall be made paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafer, any remaining payments shall be paid without delay in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:their original schedule.

Section 409A. This Award Agreement is intended to Awards granted under this Plan shall be designed and administered in compliance with a manner that they are either exempt from the provisions application of, or comply with, the requirements of Section 409A of the Internal Revenue Code to section 409A. To the extent applicablethat the Committee determines that any Award is subject to Code section 409A, the Agreement relating to such Award shall incorporate terms and conditions necessary to avoid the Regulations issued thereunder. Anything in this Agreement imposition on the Recipient of additional tax under Code section 409A. Notwithstanding anything to the contrary notwithstandingin this Plan or any Agreement (unless such Agreement provides otherwise with specific reference to this section 13(D)): (i) no Award shall be granted, deferred, accelerated, extended, paid, settled, substituted or modified under this Plan in a manner that would result in the imposition on a Recipient of additional tax under Code section 409A; and (ii) if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue an Award is subject to Code of 1986, as amendedsection 409A, and if the regulations thereunder (the “Code”), the Company determines that the Awardee Recipient to whom such Award is granted is a “specified employee” within (as defined in Code section 409A, with such classification to be determined in accordance with methodology established by the meaning Company), no distribution or payment of Section 409A(a)(2)(B)(iany amount under such Award shall be made before a date that is six months following the date of such Recipient’s “separation from service” (as defined in Code section 409A) or, if earlier, the date of such Recipient’s death. The Company intends to administer this Plan so that Awards will be exempt from, or will comply with, the Code, then to the extent any payment or benefit requirements of Code section 409A; provided that the Awardee becomes entitled to Company does not and shall not make any representation or warranty that any Award under this Agreement would Plan will qualify for favorable tax treatment under Code section 409A or any other provision of federal, state, local or foreign law. The Company shall not be considered deferred compensation subject liable to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code any Recipient for any tax, interest or penalties a Recipient might owe as a result of the application grant, holding, vesting, exercise or payment of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of any Award. (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(hE). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:

Section 409A. This Award To the extent applicable, this Agreement is intended to shall be interpreted in compliance accordance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations Department of Treasury regulations and other interpretive guidance issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that Notwithstanding any provision of this Agreement is ambiguous as to its compliance with the contrary, in the event that the Committee determines that this Option may be subject to Section 409A of the Code, the provision shall be read in Committee may adopt such a manner so amendments to this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions that all payments hereunder comply with the Committee determines are necessary or appropriate to (a) exempt the Option from Section 409A of the Code. The parties agree that this Agreement may be amendedCode and/or preserve the intended tax treatment of the benefits provided with respect to the Option, as reasonably requested by either party, and as may be necessary to fully or (b) comply with the requirements of Section 409A of the Code and all related rules Department of Treasury guidance and regulations thereby avoid the application of penalty taxes under such Section 409A of the Code; provided that the Committee shall notify the Optionee in order writing of any amendment, policy or procedure so adopted that adversely alters or impairs the Optionee’s rights and the Optionee may reject the application of such amendment, policy or procedure by written notice to preserve the payments Company, it being understood that the Optionee will thereby accept any risk of adverse tax treatment and benefits provided hereunder without additional cost indemnify the Company for any taxes, interest and penalties incurred by the Company in relation to either partysuch adverse tax treatment. Solely Notwithstanding anything herein to the contrary, no provision of this Agreement shall be interpreted or construed to transfer any liability for failure to comply with the purposes requirements of Section 409A of the Code, Code from the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation Optionee or warranty and shall have no liability other Person to the Awardee Company or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption fromits Affiliates, employees or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:agents.

Section 409A. This Award Notwithstanding anything herein to the contrary, to the maximum extent permitted by applicable law, the settlement of the PSUs to be made to the Grantee pursuant to this Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, qualify as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employeeshort-term deferral” within the meaning of pursuant to Section 409A(a)(2)(B)(i1.409A-1(b)(4) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under Regulations and this Agreement would shall be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) interpreted consistently therewith. However, under certain circumstances, settlement of the Code as a result PSUs may not so qualify, and in that case, the Committee shall administer the grant and settlement of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made PSUs in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its strict compliance with Section 409A of the Code. Further, notwithstanding anything herein to the contrary, if at the time of Grantee’s termination of employment with the Company and all Service Recipients, the provision Grantee is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of service is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Grantee) to the minimum extent necessary to satisfy Section 409A of the Code until the date that is six months and one day following the Grantee’s termination of employment with the Company (or the earliest date as is permitted under Section 409A of the Code), if such payment or benefit is payable upon a termination of employment. For purposes of this Agreement, a “termination of employment” shall have the same meaning as “separation from service” under Section 409A of the Code and Grantee shall be read in such deemed to have remained employed so long as Grantee has not “separated from service” with the Company or Successor. Each payment of PSUs constitutes a manner so that all payments hereunder comply with “separate payment” for purposes of Section 409A of the Code. The parties agree Although the Company intends to administer this Performance Share Unit Agreement so that this Agreement may the Award will be amendedexempt from, as reasonably requested by either partyor will be interpreted and comply with, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes requirements of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to does not warrant that the Awardee or any other person if any provisions of Award made under this Performance Share Unit Agreement are determined to constitute deferred compensation subject to will qualify for favorable tax treatment under Section 409A of the Code but do or any other provision of federal, state, local or foreign law. The Company shall not satisfy an exemption frombe liable to the Grantee for any tax, interest, or penalties that Grantee might owe as a result of the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Award made under this Performance Share Unit Agreement.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement Notwithstanding anything to the contrary notwithstandingin this Agreement, if no payments contemplated by this Agreement will be paid during the six-month period following the Employee’s termination of employment unless JDI determines, in its good faith judgment, that paying such amounts at the time of or times indicated in this Section would not cause the Awardee’s separation from service within the meaning of Employee to incur an additional tax under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”) and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Agreement’s effective date) (in which case such amounts shall be paid at the time or times indicated in this Section 4.12), . If the Company determines that the Awardee is a “specified employee” within the meaning payment of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code amounts are delayed as a result of the application of Section 409A(a)(2)(B)(i) previous sentence, on the first day following the end of the Codesix-month period, JDI will pay Employee a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to Employee under this Agreement during such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from servicemonth period. Thereafter, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made payments will resume in accordance with this Agreement. Additionally, in the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To event that following the extent Agreement’s effective date JDI reasonably determines that any provision of compensation or benefits payable under this Agreement is ambiguous as may be subject to its compliance with Section 409A of the Code, JDI and the provision Employee shall be read in work together to adopt such a manner so that all payments hereunder comply amendments to this Agreement or adopt other policies or procedures (including amendments, policies and procedures with retroactive effect), or take any other commercially reasonable actions necessary or appropriate to (x) exempt compensation and benefits payable under this Agreement from Section 409A of the Code. The parties agree that Code and/or preserve the intended tax treatment of compensation and benefits provided with respect to this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully or (y) comply with the requirements of Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes Department of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Treasury guidance.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:: Xxxxxx X. Xxxxxxxx Chief Financial Officer AWARDEE’S ACCEPTANCE: I have read and fully understood this Award Agreement and, as referenced in Section 16 above, I accept and agree to be bound by all of the terms, conditions and restrictions contained in this Award Agreement and the other documents referenced in it.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from service, or (B) the AwardeeExecutive’s death. The determination of whether and when a separation from service has occurred shall parties intend that this Agreement will be made administered in accordance with Section 409A of the presumptions set forth in Treasury Regulation Section 1.409A-1(h)Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes The determination of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A whether and when a separation from service has occurred shall be considered a separate paymentmade in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED All in-kind benefits provided and expenses eligible for reimbursement under this Agreement shall be provided by the Company or incurred by the Executive during the time periods set forth in this Agreement. All reimbursements shall be paid as soon as administratively practicable, but in no event shall any reimbursement be paid after the last day and of the taxable year first above writtenfollowing the taxable year in which the expense was incurred. UFP TECHNOLOGIES, INCThe amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expenses eligible for reimbursement in any other taxable year. By:Such right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.”

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from service, or (B) the AwardeeExecutive’s death. The determination If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of whether this provision, and when a separation from service has occurred the balance of the installments shall be made payable in accordance with their original schedule. The parties intend that this Agreement will be administered in accordance with Section 409A of the presumptions set forth in Treasury Regulation Section 1.409A-1(h)Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes The determination of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A whether and when a separation from service has occurred shall be considered a separate paymentmade in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED With respect to any fees, expenses and taxes that Executive may otherwise be entitled to reimbursement under this Agreement, Executive shall provide evidence of such reimbursable expenses to the day Company within 30 days of incurring such expenses and year first above written. UFP TECHNOLOGIES, INC. By:the Company shall reimburse the Executive for such expenses within 30 days of receiving such evidence.”

Section 409A. This Award Agreement is intended to be in compliance The parties intend that any amounts payable hereunder comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation or are exempt from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amendedamended (“Section 409A”) (including under Treasury Regulation §§ 1.409A-1(b)(4) (“short-term deferrals”) and (b)(9) (“separation pay plans,” including the exceptions under subparagraph (iii) and subparagraph (v)(D)) and other applicable provisions of Treasury Regulation §§ 1.409A-1 through A-6). Notwithstanding any provision of this Agreement to the contrary, and if the regulations thereunder (the “Code”), the Company determines that the Awardee Employee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code409A, then to the extent any payment or benefit that the Awardee becomes entitled to amounts under this Agreement would be considered that are “deferred compensation subject to compensation” within the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application meaning of Section 409A(a)(2)(B)(i) of the Code, such payment 409A shall not be payable and such benefit shall not be provided until made before the date that is the earlier of six (A6) six months and one day after the Awardee’s separation from servicedate of the Termination of Employment, or (B) the Awardee’s if earlier, his date of death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the For purposes of Section 409A 409A, each of the Codepayments that may be made under this Agreement shall be deemed to be a separate payment for purposes of Section 409A. This Agreement shall be administered, interpreted and construed in a manner that does not result in the imposition of additional taxes, penalties or interest under Section 409A. The Company and the Employee agree to negotiate in good faith to make amendments to this Agreement, as the parties mutually agree are necessary or desirable to avoid the imposition of taxes, penalties or interest under Section 409A. Notwithstanding the foregoing, the share increments issuable on each vesting date on Schedule A Company does not guarantee any particular tax effect, and the Employee shall be considered a separate payment. The solely responsible and liable for the satisfaction of all taxes, penalties and interest that may be imposed on or for the account of the Employee in connection with this Agreement (including any taxes, penalties and interest under Section 409A), and neither the Company makes no representation or warranty and nor any of its affiliates shall have no liability any obligation to indemnify or otherwise hold the Awardee Employee (or any other person if beneficiary) harmless from any provisions or all of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption fromsuch taxes, penalties or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:interest.

Section 409A. This Award Agreement is intended to comply with Section 409A of the Code or an exemption thereunder and shall be construed and administered accordingly. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in compliance a manner that complies with Section 409A of the provisions Code or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A of the Code either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A of the Code to the maximum extent possible. For purposes of Section 409A of the Internal Revenue Code Code, each payment under this Agreement, including each installment payment under this Agreement, shall be treated as a separate payment. Any payments to the extent applicable, and the Regulations issued thereunder. Anything in be made under this Agreement to upon a termination of employment shall only be made upon a “separation from service” under Section 409A of the contrary notwithstandingCode. Notwithstanding the foregoing, the Corporation makes no representations that the payments and benefits provided under this Agreement comply with Section 409A of the Code and in no event shall the Corporation be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Employee on account of non-compliance with Section 409A of the Code. Notwithstanding any other provision of this Agreement, if at the time any payment or benefit provided to Employee in connection with Employee’s termination of the Awardee’s separation from service employment is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Employee is determined to be a “specified employee” within the meaning of as defined in Section 409A(a)(2)(B)(i409A(a)(2)(b)(i) of the Code, then to the extent any such payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided paid until the first payroll date that is to occur following the earlier six-month anniversary of the date of termination or, if sooner, the date of Employee’s death (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death“Specified Employee Payment Date”). The determination aggregate of whether and when a separation from service has occurred any payments that would otherwise have been paid before the Specified Employee Payment Date shall be made paid to Employee in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with the presumptions set forth in Treasury Regulation their original schedule. Any payment under Section 1.409A-1(h). To the extent that any provision 5 of this Agreement that is ambiguous as determined to its compliance with Section 409A of constitute “nonqualified deferred compensation” within the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes meaning of Section 409A of the Code, and that is subject to a release’s becoming effective, and that would otherwise be paid in the share increments issuable on each vesting first 30 days after your termination date on Schedule A shall be considered a separate paymentpaid, if at all, on such 30th day (subject to any required delay under the preceding paragraph) and any remaining payments shall be made in accordance with their original schedule. Payments with respect to reimbursements of expenses or in-kind benefits shall be paid or provided in accordance with the Corporation’s applicable policy or benefit plan, but in all events reimbursements shall be paid no later than the last day of the calendar year following the calendar year in which the relevant expense is incurred. The Company makes no representation amount of expenses or warranty and benefits eligible for reimbursement, payment or provision during a calendar year shall have no liability to not affect the Awardee expenses or benefits eligible for reimbursement or provision in any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:calendar year.

Section 409A. This Award The payments and benefits under the Agreement is are intended to be in compliance with the provisions qualify for an exemption from application of Section 409A of the Internal Revenue Code (“Section 409A”) or comply with its requirements to the extent applicablenecessary to avoid adverse personal tax consequences under Section 409A, and any ambiguities herein will be interpreted accordingly. To the Regulations issued thereunderextent that any payment or benefit described in the Agreement constitutes “non-qualified deferred compensation” under Section 409A, and to the extent that such payment or benefit is payable upon the termination of the Employment, then such payments or benefits will be payable only upon Employee’s “separation from service.” The determination of whether and when a separation from service has occurred will be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). Anything Notwithstanding anything in this the Agreement to the contrary notwithstandingcontrary, if at the time of the AwardeeEmployee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”)service, the Company determines that the Awardee Employee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes Employee become entitled to under this the Agreement on account of Employee’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall will not be payable and such benefit shall will not be provided until the date that is the earlier of (A) six months and one day after the AwardeeEmployee’s separation from service, or (B) the AwardeeEmployee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous , or (C) such earlier date as to its compliance with permitted under Section 409A without imposition of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate paymentadverse taxation. The Company makes no representation or warranty and shall will have no liability to the Awardee Employee or any other person if any provisions of this the Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Section 409A.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement Notwithstanding any provision to the contrary notwithstanding, if at in this Agreement: (i) no amount shall be payable pursuant to Section 4.5.2(b) unless the time Executive’s termination of the Awardee’s employment constitutes a “separation from service service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the U.S. Department of Treasury regulations and other interpretive guidance thereunder (“Section 409A”) and unless, on or prior to the “Code”), 60th day following the date of termination (A) the Executive executes a waiver and release of claims agreement in the Company’s customary form which is reasonably satisfactory to both the Company determines that and the Awardee Executive and (B) such waiver and release of claims agreement shall become effective prior to such 60th day; and (ii) if the Executive is deemed at the time of his separation from service to be a “specified employee” within the meaning for purposes of Section 409A(a)(2)(B)(i) of the Code, then to the extent delayed commencement of any payment or benefit that portion of the Awardee becomes termination benefits to which Executive is entitled to under this Agreement would be considered deferred compensation subject is required in order to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as avoid a result of the application of prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit portion of Executive’s termination benefits shall not be provided until the date that is to Executive prior to the earlier of (A) six months and one day after the Awardeeexpiration of the six-month period measured from the date of the Executive’s “separation from service, ” with the Company (as such term is defined in the Treasury Regulations issued under Section 409A of the Code) or (B) the Awardeedate of Executive’s death. The determination Upon the earlier of whether and when a separation from service has occurred such dates, all payments deferred pursuant to this Section 6(c)(ii) shall be made paid in accordance with a lump sum to the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To Executive, and any remaining payments due under the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Codepaid as otherwise provided herein. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the For purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A Executive’s right to receive installment payments pursuant to Section 4.5.2(b) shall be considered treated as a right to receive a series of separate paymentand distinct payments. The Company makes no representation To the extent that any reimbursement of any expense under Sections 2.5 or warranty and shall have no liability to the Awardee 4.5.2(a) or any other person if any provisions of in-kind benefits provided under this Agreement are determined deemed to constitute taxable compensation to the Executive, such amounts will be reimbursed or provided no later than December 31 of the year following the year in which the expense was incurred. The amount of any such expenses reimbursed or in-kind benefits provided in one year shall not affect the expenses or in-kind benefits eligible for reimbursement or payment in any subsequent year, the Executive’s right to such reimbursement or payment of any such expenses will not be subject to liquidation or exchange for any other benefit, and the Executive may not, directly or indirectly, designate the calendar year of payment. No acceleration of the time and form of payment of any nonqualified deferred compensation subject to the Executive shall occur unless and to the extent permitted by Section 409A. The determination of whether the Executive is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code as of the time of his separation from service shall made by the Company in accordance with the terms of Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:applicable guidance thereunder (including without limitation Treasury Regulation Section 1.409A-1(i) and any successor provision thereto).

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A For purposes of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of rules under Section 409A of the Internal Revenue Code of 1986, as amended, and amended (“the regulations thereunder (the “Code”), each payment made under this Agreement shall be treated as a separate payment and the Company determines right to a series of installment payments under this Agreement is to be treated as a right to a series of separate payments. It is intended that the Awardee is payments satisfy, to the greatest extent possible, the exemptions from the application of Section 409A of the Code provided under Treasury Regulations 1.409A-1(b)(4), 1.409A-1(b)(9)(iii), and 1.409A-1(b)(9)(v). In addition, to the extent that any expenses, reimbursement, fringe benefit or other, similar plan or arrangement in which the EXECUTIVE participated during the term of the EXECUTIVE’s employment with the COMPANY or thereafter provides for a “specified employeedeferral of compensation” within the meaning of Section 409A(a)(2)(B)(i409A, then such amount shall be reimbursed in accordance with Section 1.409A-3(i)(1)(iv) of the CodeTreasury Regulations, then including (i) the amount eligible for reimbursement or payment under such plan or arrangement in one calendar year may not affect the amount eligible for reimbursement or payment in any other calendar year, (ii) subject to any shorter time periods provided herein or the applicable plans or arrangements, any reimbursement or payment of an expense under such plan or arrangement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, and (iii) the right to any reimbursement or in-kind benefit is not subject to liquidation or exchange for another benefit. Notwithstanding any other provision to the extent contrary, in no event shall any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered that constitutes “deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) compensation” for purposes of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order the Treasury Regulations promulgated thereunder be subject to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of offset by any other amount unless otherwise permitted by Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is If you are a “specified employee” within the meaning set forth in the document entitled “409A: Policy of Section 409A(a)(2)(B)(i) X. X. Xxxxxxxxx & Sons Company and its Affiliates Regarding Specified Employees” on the date of the Codeyour Separation from Service, then any amounts payable pursuant to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation or otherwise that (i) become payable as a result of your Separation from Service and (ii) are subject to the 20 percent additional tax imposed pursuant to Section 409A(a) section 409A of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment your Separation from Service shall not be payable and such benefit shall not be provided paid until the date that is the earlier of (Ax) six months and one the first business day of the sixth month occurring after the Awardee’s separation month in which the date of your Separation from service, or Service occurs and (By) the Awardee’s date of your death. The determination Notwithstanding the immediately preceding sentence, amounts payable to you as a result of whether your Separation from Service that do not exceed two times the lesser of (i) your annualized compensation based upon your annual rate of Base Salary for the year prior to the year in which the date of your Separation from Service occurs and when a separation (ii) the maximum amount that may be taken into account under section 401(a)(17) of the Code in the year in which the date of your Separation from service has occurred shall Service occurs may be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)paid as otherwise scheduled. To the extent that If any provision of compensation or benefits provided by this Agreement is ambiguous as to its compliance with Section may result in the application of section 409A of the Code, then the provision shall be read Company shall, in consultation with you, modify this Agreement to the extent permissible under section 409A of the Code in the least restrictive manner as necessary to exclude such a manner so that all payments hereunder compensation and benefits from the definition of “deferred compensation” within the meaning of such section 409A of the Code or in order to comply with Section the provisions of section 409A of the Code. The parties agree that By signing this Agreement may be amended, as reasonably requested by either party, and as may be necessary you acknowledge that if any amount paid or payable to fully comply with Section 409A of the Code and all related rules and regulations in order you becomes subject to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section section 409A of the Code, you are solely responsible for the share increments issuable on each vesting date on Schedule A shall be considered payment of any taxes and interest due as a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:result.

Section 409A. This Award Agreement is intended to be in compliance and any payment, distribution or other benefit hereunder shall comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), or an exemption or exclusion therefrom, as well as any related regulations or other guidance promulgated by the Company determines that U.S. Department of the Awardee Treasury or the Internal Revenue Service (“Section 409A”), to the extent applicable, and shall in all respects be administered in accordance with Section 409A. To the extent Employee is a “specified employee” under Section 409A, no payment, distribution or other benefit described in this Agreement constituting a distribution of deferred compensation (within the meaning of Treasury Regulation Section 409A(a)(2)(B)(i1.409A-1(b)) of to be paid during the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardeesix-month period following Employee’s “separation from service, or ” (B) within the Awardee’s death. The determination meaning of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)) will be made during such six-month period. To Instead, any such deferred compensation shall be paid on the first business day following the six-month anniversary of the separation from service. In no event may Employee, directly or indirectly, designate the calendar year of a payment. Any provision that would cause this Agreement or a payment, distribution or other benefit hereunder to fail to satisfy the requirements of Section 409A shall have no force or effect and, to the extent that any provision an amendment would be effective for purposes of this Agreement is ambiguous as to its compliance with Section 409A of the Code409A, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may shall be amended, as reasonably requested by either party, and as may be necessary amended to fully comply with Section 409A 409A. Such amendment shall be retroactive to the extent permitted by Section 409A. For purposes of this Agreement, Employee shall not be deemed to have terminated employment unless and until a separation from service (within the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either partymeaning of Treasury Regulation Section 1.409A-1(h)) has occurred. Solely Each payment under this Agreement shall be treated as a separate payment for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award Agreement is intended to be in compliance with The parties hereto acknowledge that the provisions requirements of the Section 409A of the Internal Revenue Code to the extent applicableare still being interpreted by government agencies, that certain issues under Section 409A remain unclear at this time, and that the Regulations issued thereunder. Anything parties hereto have made a good faith effort to comply with current guidance under Section 409A. Notwithstanding anything in this Agreement to the contrary notwithstandingcontrary, if at in the time of event that amendments to this Agreement are necessary in order to comply with future guidance or interpretations under Section 409A, including amendments necessary to ensure that compensation will not be subject to Section 409A, the Awardee’s separation from service within Executive agrees that the meaning Company shall be permitted to make such amendments, on a prospective and/or retroactive basis, in its sole discretion, provided that the parties have made a good faith effort to discuss the solutions and alternatives. This Agreement shall be interpreted in a manner that is consistent with compliance with the requirements of Section 409A of the Internal Revenue Code of 1986409A, as amendedor where applicable, and the regulations thereunder (the “Code”), the Company determines an exemption from Section 409A. With respect to any amount or benefit that the Awardee is a “specified employeedeferral of compensation” within the meaning of that is subject to Section 409A(a)(2)(B)(i) of the Code409A, then to the extent any payment or benefit that the Awardee becomes entitled to under reference in this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) “termination of the Code as employment,” “employment termination” or a result similar term of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred phrase shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)deemed to be a reference to Separation from Service. To the extent that Notwithstanding any other provision of this Agreement is ambiguous as to its compliance with Section 409A of the Codecontrary, the provision shall Company makes no representation that this Agreement or any amounts payable or benefits provided under this Agreement will be read in such a manner so that all payments hereunder exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to this Agreement and in no event will the Company, any of its affiliates, any of its agents, or any member of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply Board have any liability for any taxes imposed in connection with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions failure of this Agreement are determined to constitute deferred compensation subject to comply with or be exempt from Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything Notwithstanding anything in this Agreement to the contrary notwithstandingcontrary, if to the extent the Employee would otherwise be entitled to a payment during the six months beginning on the Date of Termination that would be subject to the additional tax imposed under Section 409A of the Code, (i) the payment will not be made to the Employee and instead will be made, at the time election of the Awardee’s separation from service Company, either to a trust in compliance with Rev. Proc. 92-64 or an escrow account established to fund such payments (provided that such funds shall be at all times subject to the creditors of the Company and its affiliates) and (ii) the payment, together with interest thereon at the rate of "prime" plus 1%, will be paid to the Employee on the earlier of the six-month anniversary of Date of Termination or the Employee's death or disability (within the meaning of Section 409A of the Internal Revenue Code of 1986Code). Similarly, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes Employee would otherwise be entitled to under this Agreement any benefit (other than a cash payment) during the six months beginning on the Date of Termination that would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with under Section 409A of the Code, the provision shall benefit will be read delayed and will begin being provided (together, if applicable, with an adjustment to compensate the Employee for the delay, with such adjustment to be determined in such a manner so the Company's reasonable good faith discretion) on the earlier of the six-month anniversary of the Date of Termination or the Employee's death or disability (within the meaning of Section 409A of the Code). The Company will establish the trust or escrow account, as applicable, no later than ten days following the Employee's Date of Termination. It is the intention of the parties that all the payments hereunder and benefits to which the Employee could become entitled in connection with termination of employment under this Agreement comply with Section 409A of the Code. The In the event that the parties agree determine that this Agreement may be amendedany such benefit or right does not so comply, as they will negotiate reasonably requested by either party, and as may be necessary in good faith to fully comply with Section 409A of amend the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions terms of this Agreement are determined such that it complies (in a manner that attempts to constitute deferred compensation subject to Section 409A minimize the economic impact of such amendment on the Code but do not satisfy an exemption from, or Employee and the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Company).

Section 409A. This Award Agreement is Although the Company does not guarantee to the Participant any particular tax treatment relating to the Units, the Units provided hereunder are intended to be in compliance comply with the provisions applicable requirements of Section 409A of the Internal Revenue Code Code, to the extent applicablesubject thereto, and shall be limited, construed and interpreted in accordance with such intent. In no event whatsoever shall the Regulations issued thereunderCompany be liable for any additional tax, interest or penalties that may be imposed on the Participant by Section 409A of the Code or any damages for failing to comply with Section 409A of the Code. Anything in this Agreement To the extent the Units constitute deferred compensation subject to the contrary notwithstandingrequirements of Section 409A of the Code, and to the extent the Units are vested on the Participant’s Termination of Employment in accordance with Sections 3(b) or (e) above, if at on the time date of the AwardeeParticipant’s “separation from service service” within the meaning of Section 409A 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Participant is deemed to be a “specified employee” within the meaning of Section 409A(a)(2)(B)(i409A(a)(2)(B) of the Code, then the delivery of the shares of Stock subject to the Units shall, to the extent any payment or benefit that the Awardee becomes entitled required to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed delayed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i409A(a)(2)(B) of the Code, such payment shall not be payable and such benefit shall not be provided until made on the date that is the earlier of (A) six months and one day after following such date or, if earlier, the Awardee’s separation from service, or (B) date of the AwardeeParticipant’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that Notwithstanding any provision of this Award Agreement to the contrary, for purposes of any provision of this Award Agreement providing for distribution of shares of Stock upon a Termination of Employment that is ambiguous as considered deferred compensation under Section 409A, references to its compliance the Participant’s Termination of Employment (and corollary terms) with Section 409A of the Code, the provision Company shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary construed to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability refer to the Awardee or any other person if any provisions Participant’s “separation from service” (within the meaning of this Agreement are determined to constitute deferred compensation subject to Treas. Reg. Section 409A of 1.409A-1(h)) with the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Company.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything Notwithstanding anything in this Agreement to the contrary notwithstandingcontrary, if to the extent the Employee would otherwise be entitled to a payment during the six months beginning on the Date of Termination that would be subject to the additional tax imposed under Section 409A of the Code, (i) the payment will not be made to the Employee and instead will be made, at the time election of the AwardeeCompany, either to a trust in compliance with Rev. Proc. 92-64 or an escrow account established to fund such payments (provided that such funds shall be at all times subject to the creditors of the Company and its affiliates) and (ii) the payment, together with interest thereon at the rate of “prime” plus 1%, will be paid to the Employee on the earlier of the six-month anniversary of Date of Termination or the Employee’s separation from service death or disability (within the meaning of Section 409A of the Internal Revenue Code of 1986Code). Similarly, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes Employee would otherwise be entitled to under this Agreement any benefit (other than a cash payment) during the six months beginning on the Date of Termination that would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with under Section 409A of the Code, the provision shall benefit will be read delayed and will begin being provided (together, if applicable, with an adjustment to compensate the Employee for the delay, with such adjustment to be determined in such a manner so the Company’s reasonable good faith discretion) on the earlier of the six-month anniversary of the Date of Termination or the Employee’s death or disability (within the meaning of Section 409A of the Code). The Company will establish the trust or escrow account, as applicable, no later than ten days following the Employee’s Date of Termination. It is the intention of the parties that all the payments hereunder and benefits to which the Employee could become entitled in connection with termination of employment under this Agreement comply with Section 409A of the Code. The In the event that the parties agree determine that this Agreement may be amendedany such benefit or right does not so comply, as they will negotiate reasonably requested by either party, and as may be necessary in good faith to fully comply with Section 409A of amend the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions terms of this Agreement are determined such that it complies (in a manner that attempts to constitute deferred compensation subject to Section 409A minimize the economic impact of such amendment on the Code but do not satisfy an exemption from, or Employee and the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Company).

Section 409A. This It is intended that the Option awarded pursuant to this Award Agreement is intended to be in compliance with the provisions of exempt from Section 409A of the Internal Revenue Code (“Section 409A”) because it is believed that (i) the Exercise Price per Share may never be less than the Fair Market Value of a Share on the Grant Date and the number of Shares subject to the extent applicableOption is fixed on the original Grant Date, (ii) the Transfer or exercise of the Option is subject to taxation under Section 83 of the Code and Treasury Regulation 1.83-7, and (iii) the Option does not include any feature for the deferral of compensation other than the deferral of recognition of income until the exercise of the Option. The provisions of this Award Agreement shall be interpreted in a manner consistent with this intention. In the event that the Company believes, at any time, that any benefit or right under this Award Agreement is subject to Section 409A, then the Committee may (acting alone and without any required consent by you) amend this Award Agreement in such manner as the Committee deems necessary or appropriate to be exempt from or otherwise comply with the requirements of Section 409A (including without limitation, amending the Award Agreement to increase the Exercise Price per Share to such amount as may be required in order for the Option to be exempt from Section 409A). Notwithstanding the foregoing, the Company, its Subsidiaries and Affiliates do not make any representation to you that the Option awarded pursuant to this Award Agreement shall be exempt from or satisfy the requirements of Section 409A, and the Regulations issued thereunder. Anything Company, its Subsidiaries and Affiliates shall have no liability or other obligation to indemnify or hold harmless you or any Beneficiary, Transferee or other party for any tax, additional tax, interest or penalties that you or any Beneficiary, Transferee or other party may incur in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent event that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the CodeAward Agreement, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee any amendment or modification thereof or any other person if action taken with respect thereto, is deemed to violate any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:requirements of Section 409A.

Section 409A. This Award Agreement is intended to be in compliance with the provisions Notwithstanding any other provision of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstandingcontrary, the Parties agree that the payments hereunder shall be exempt from, or satisfy the applicable requirements, if at the time of the Awardee’s separation from service within the meaning any, of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), ) in a manner that will preclude the Company determines that imposition of penalties described in Code Section 409A. Payments made pursuant to this Agreement are intended to satisfy the Awardee is short-term deferral rule or separation pay exception within the meaning of Code Section 409A. Employee’s termination of employment shall mean a “specified employeeseparation from service” within the meaning of Code Section 409A(a)(2)(B)(i) of the Code, then 409A. Notwithstanding anything herein to the extent any payment or benefit that the Awardee becomes entitled to under contrary, this Agreement would be considered deferred compensation subject shall, to the 20 percent additional tax imposed pursuant maximum extent possible, be administered, interpreted and construed in a manner consistent with Code Section 409A; provided, that in no event shall the Company have any obligation to indemnify the Employee from the effect of any taxes under Code Section 409A(a) 409A. The parties intend that this Agreement will be administered in accordance with Section 409A of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To to the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with with, or are exempt from, Section 409A of the Code. The parties agree to cooperate so that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with with, or to be exempt from, Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended Notwithstanding the timing of the payments pursuant to Section 4, to the extent the Executive would otherwise be in compliance with entitled to a payment during the provisions six months beginning on the Date of Termination that would be subject to the additional tax imposed under Section 409A of the Internal Revenue Code if it were made during such period pursuant to Section 409A(a)(2)(B), (i) the payment will not be made to the extent applicableExecutive and instead will be made, and at the Regulations issued thereunderelection of the Company, either to a trust in compliance with Rev. Proc. Anything in this Agreement 92-64 or an escrow account established to fund such payments (provided that such funds shall be at all times subject to the contrary notwithstandingcreditors of the Company and its affiliates) and (ii) the payment, if together with interest thereon at the time rate of “prime” plus 1%, will be paid to the Executive on the earlier of the Awardeesix-month anniversary of Date of Termination or the Executive’s separation from service death or disability (within the meaning of Section 409A of the Internal Revenue Code of 1986Code). Similarly, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes Executive would otherwise be entitled to under this Agreement any benefit (other than a cash payment) during the six months beginning on the Date of Termination that would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with under Section 409A of the Code, the provision shall benefit will be read delayed and will begin being provided (together, if applicable, with an adjustment to compensate the Executive for the delay, with such adjustment to be determined in such a manner so the Company’s reasonable good faith discretion) on the earlier of the six-month anniversary of the Date of Termination or the Executive’s death or disability (within the meaning of Section 409A of the Code). The Company will establish the trust or escrow account, as applicable, no later than ten days after the Executive’s Date of Termination. It is the intention of the parties that all the payments hereunder and benefits to which the Executive could become entitled in connection with termination of employment under this Agreement comply with Section 409A of the Code. The In the event that the parties agree determine that any such benefit or right does not so comply, they will negotiate reasonably and in good faith to amend the terms of this Agreement may be amended, as reasonably requested by either party, such that it complies (in a manner that attempts to minimize the economic impact of such amendment on the Executive and as may be necessary to fully comply with Section 409A of the Code Company and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either partyits affiliates). Solely for the For purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A Executive’s right to receive any installment payments pursuant to this Agreement shall be considered treated as a right to receive a series of separate paymentand distinct payments. The Company makes no representation or warranty and shall have no liability This Agreement is intended to comply with the Awardee or any other person if any provisions requirements of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code, and specifically, with the separation pay exemption and short term deferral exemption of Section 409A, and shall, in all respects be administered in accordance with Section 409A. Notwithstanding anything in the Agreement to the contrary, distributions may only be made under the Agreement upon an event and in a manner permitted by section 409A of the Code but do not satisfy or an exemption fromapplicable exemption. All payments to be made upon a termination of employment under this Agreement may only be made upon a “separation from service” under Section 409A. Any amounts payable solely on account of an involuntary separation from service of Employee within the meaning of Section 409A (including separation from service for Good Reason) shall be excludible from the requirements of Section 409A, either as involuntary separation pay or as short-term deferral amounts (e.g., amounts payable under the schedule prior to March 15 of the calendar year following the calendar year of involuntary separation) to the maximum possible extent. Any reimbursements or in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during the period of time specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the conditions ofexpenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred, and (iv) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit. Subject to this Section 6, to the extent any payment pursuant to Section 4(b)(i), (ii), or (iv) is considered to be non-qualified deferred compensation within the meaning of Section 409A of the Code, such Section. EXECUTED payment shall be made on the 60th day following the Date of Termination and year first above written. UFP TECHNOLOGIES, INC. By:shall include any payments that otherwise would have been made before such date.

Section 409A. This Award Agreement is intended to be in compliance comply with the provisions of Section 409A or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of the Internal Revenue Code to the extent applicablethis Agreement, and the Regulations issued thereunder. Anything in payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to the contrary notwithstanding, if at the time of the Awardee’s an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Executive on account of non-compliance with Section 409A. Notwithstanding any other provision of this Agreement, if any payment or benefit provided to the Executive in connection with her termination of employment is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is determined to be a “specified employee” within the meaning of as defined in Section 409A(a)(2)(B)(i) of the Code409A(a)(2)(b)(i), then to the extent any such payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided paid until the first payroll date that is to occur following the earlier six-month anniversary of the Termination Date (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death“Specified Employee Payment Date”). The determination aggregate of whether and when a separation from service has occurred any payments that would otherwise have been paid before the Specified Employee Payment Date shall be made paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:their original schedule.

Section 409A. This Award Agreement is intended to shall be interpreted in compliance accordance with the provisions requirements of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunderCode. Anything Notwithstanding any provision in this Award Agreement to the contrary notwithstandingcontrary, if at a payment is deemed to be deferred compensation subject to the time requirements of Section 409A of the Awardee’s Code, such payment may only be made under this Award Agreement upon an event and in a manner permitted by Section 409A of the Code. If a payment is not made by the designated payment date under this Award Agreement, the payment shall be made by December 31 of the calendar year in which the designated date occurs. In no event may the Participant, directly or indirectly, designate the calendar year of payment. A termination of service shall not be deemed to have occurred for purposes of any provision of this Award Agreement providing for the payment of any amounts or benefits upon or following a termination of service that are considered “nonqualified deferred compensation” under Section 409A of the Code unless such termination is also a “separation from service service” within the meaning of Section 409A of the Internal Revenue Code and, for purposes of 1986any such provision of this award Agreement, as amendedreferences to a “termination,” “Termination of Service” or like terms shall mean “separation from service.” Notwithstanding anything to the contrary in this Award Agreement, and no amounts payable to the regulations thereunder (Participant under this Award Agreement shall be paid to the Participant prior to the expiration of the 6-month period following the Participant’s “Code”), separation from service” if the Company determines that paying such amounts at the Awardee is time or times indicated in this Award Agreement would be a “specified employee” within the meaning of prohibited distribution under Section 409A(a)(2)(B)(i409A(a)(2)(b)(i) of the Code, then to . If the extent payment of any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code such amounts is delayed as a result of the application previous sentence, then on the first day following the end of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code6-month period, the provision Company shall be read in such pay the Participant a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability lump-sum amount equal to the Awardee or any other person if any provisions of this Agreement are determined cumulative amount that would have otherwise been payable to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, Participant during such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:6-month period.

Section 409A. This Award Agreement is intended to be in compliance and any payment, distribution or other benefit hereunder shall comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), or an exemption or exclusion therefrom, as well as any related regulations or other guidance promulgated by the Company determines that U.S. Department of the Awardee Treasury or the Internal Revenue Service (“Section 409A”), to the extent applicable, and shall in all respects be administered in accordance with Section 409A. To the extent Employee is a “"specified employee” " under Section 409A, no payment, distribution or other benefit described in this Agreement constituting a distribution of deferred compensation (within the meaning of Treasury Regulation Section 409A(a)(2)(B)(i1.409A-1(b)) of to be paid during the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardeesix-month period following Employee’s “separation from service, or ” (B) within the Awardee’s death. The determination meaning of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)) will be made during such six-month period. To Instead, any such deferred compensation shall be paid on the first business day following the six-month anniversary of the separation from service. In no event may Employee, directly or indirectly, designate the calendar year of a payment. Any provision that would cause this Agreement or a payment, distribution or other benefit hereunder to fail to satisfy the requirements of Section 409A shall have no force or effect and, to the extent that any provision an amendment would be effective for purposes of this Agreement is ambiguous as to its compliance with Section 409A of the Code409A, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may shall be amended, as reasonably requested by either party, and as may be necessary amended to fully comply with Section 409A 409A. Such amendment shall be retroactive to the extent permitted by Section 409A. For purposes of this Agreement, Employee shall not be deemed to have terminated employment unless and until a separation from service (within the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either partymeaning of Treasury Regulation Section 1.409A-1(h)) has occurred. Solely Each payment under this Agreement shall be treated as a separate payment for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award The parties intend that the benefits and rights provided under this Agreement be exempt from Section 409A as short-term deferrals or comply with Section 409A, and the provisions of this Agreement shall be construed in a manner consistent with that intent and the requirements for avoiding taxes or penalties under Section 409A. If either party believes, at any time, that any such benefit or right that is intended subject to be Section 409A does not so comply, it shall promptly advise the other parties and all parties shall negotiate reasonably and in good faith to amend or clarify the terms of such benefits and rights such that they do not violate Section 409A (with the intent and effect of avoiding any adverse economic effect for Executive). No party, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A of the Internal Revenue Code shall be paid prior to the earliest date on which it may be paid without violating Section 409A. To the extent applicablerequired to comply with Section 409A, and the Regulations issued thereunder. Anything in no payment or benefit required to be paid under this Agreement to the contrary notwithstanding, if at the time on account of the Awardeetermination of Executive’s employment shall be made unless and until Executive incurs a “separation from service service” within the meaning of Section 409A and, for purposes of the Internal Revenue Code any such provision of 1986this Agreement, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is references to a “specified employeetermination,” within “separation” or like terms shall have the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To 409A. For purposes of applying the extent that any provision provisions of this Agreement is ambiguous as to its compliance with Section 409A to this Agreement, each amount to be paid or benefit to be provided to Executive pursuant to this Agreement, and each individual installment in a series of the Codepayments, the provision shall be read in such construed as a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely separate identified payment for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award Agreement is intended to be in compliance comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amendedamended (“Section 409A”) or an available exemption therefrom. However, notwithstanding any other provision of the Plan or this Agreement, if at any time the Committee determines that the Performance Shares (or any portion thereof) may not be compliant with or exempt from Section 409A, the Committee may work in good faith with the Grantee (without any obligation to do so or to indemnify or to be responsible for damages to the Grantee or any other person for failure to do so) to adopt such amendments to the Plan or this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the regulations thereunder Committee determines are necessary or appropriate to provide for the Performance Shares to either be exempt from the application of Section 409A or comply with the requirements of Section 409A; provided, however, that nothing herein shall create any obligation on the part of the Company to adopt any such amendment or take any other action. Notwithstanding anything herein to the contrary, no payment hereunder shall be made to the Grantee during the six (6)-month period following the Grantee’s “Code”separation from service” (within the meaning of Section 409A) to the extent that the Company determines that paying such amounts at the time set forth herein would be a prohibited distribution under Section 409A(a)(2)(B)(i). If the payment of any such amounts is delayed as a result of the previous sentence, then within thirty (30) days following the end of such six (6)-month period (or, if earlier, the Grantee’s death), the Company determines shall pay the Grantee the cumulative amounts that would have otherwise been payable to the Awardee is a Grantee during such period, without interest. For the avoidance of doubt, to the extent that any Performance Shares are “specified employeenonqualified deferred compensation” within the meaning of Section 409A(a)(2)(B)(i) 409A, the settlement of the Code, then Performance Shares hereunder upon a Change in Control shall only occur to the extent any payment that such Change in Control is also a “change in the ownership or benefit that effective control of a corporation, or a change in the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) ownership of a substantial portion of the Code as assets of a result of corporation” within the application meaning of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h409A(a)(2)(A)(v). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement (a) It is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may and the payments hereunder will, to the fullest extent possible, be amended, as reasonably requested by either party, and as may be necessary to fully comply with exempt from Section 409A of the Code and all related rules the regulations and guidance promulgated thereunder (collectively, “Section 409A”), and the Agreement shall be interpreted to that end to the fullest extent possible. In this regard, it is intended that the severance pay in Section 5.2(a) be exempt from Section 409A as a short-term deferral under Treas. Reg. §1.409A-1(b)(4) and the maximum amount of severance pay possible in Sections 5.2(b) and 5.3(a) be exempt from Section 409A as separation pay upon involuntary separation from service under Treas. Reg. §1.409A-1(b)(9)(iii). However, to the extent that any payment or benefit (or portion thereof) provided pursuant to this Agreement is determined to be subject to Section 409A, this Agreement shall be interpreted in a manner that complies with Section 409A to the fullest extent possible. In furtherance thereof, if payment or provision of any amount or benefit hereunder at the time specified in this Agreement would subject such amount or benefit to any tax under Section 409A, the payment or provision of such amount or benefit shall be postponed to the earliest commencement date on which the payment or the provision of such amount or benefit could be made without incurring such tax (including paying any severance that is delayed in a lump sum upon the earliest possible payment date which is consistent with Section 409A). In addition, to the extent that any regulations or guidance issued under Section 409A (after application of the previous provision of this paragraph) would result in Executive being subject to the payment of interest or any additional tax under Section 409A, the Company and Executive agree, to the extent reasonably possible, to amend this Agreement in order to preserve avoid the payments imposition of any such interest or additional tax under Section 409A, which amendment shall have the least possible economic effect on Executive as reasonably determined in good faith by the Company and benefits provided hereunder without additional cost to either partyExecutive. Solely for the purposes Notwithstanding any other provisions of Section 409A of the Codethis Agreement, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation does not guarantee that any nonqualified deferred compensation under this Agreement complies with or warranty is exempt from Section 409A, and shall not have no any liability to the Awardee or indemnify Executive or any other person if with respect to any provisions of this Agreement are determined tax consequences that arise from any failure to constitute deferred compensation subject to Section 409A of the Code but do not satisfy comply with or meet an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:under Section 409A.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (Aa) six months and one day after the AwardeeExecutive’s separation from service, or (Bb) the AwardeeExecutive’s death. The determination If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of whether this provision, and when a separation from service has occurred the balance of the installments shall be made payable in accordance with their original schedule. The parties intend that this Agreement will be administered in accordance with Section 409A of the presumptions set forth in Treasury Regulation Section 1.409A-1(h)Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes The determination of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A whether and when a separation from service has occurred shall be considered a separate paymentmade in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED With respect to any fees, expenses and taxes that the day Executive may otherwise be entitled to reimbursement under this Agreement, the Executive shall provide evidence of such reimbursable expenses to the Company within 30 days of incurring such expenses and year first above writtenthe Company shall reimburse the Executive for such expenses within 30 days of receiving such evidence. UFP TECHNOLOGIES, INC. By:*remainder of page intentionally left blank*

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award To the fullest extent applicable, the compensation and benefits payable under this Agreement is are intended to be in compliance with exempt from the provisions definition of “nonqualified deferred compensation” under Section 409A in accordance with one or more of the Internal Revenue Code to exemptions available under the extent applicable, and the final Treasury Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of promulgated under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “CodeTreasury Regulations”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of such compensation or benefit under this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation becomes subject to Section 409A due to a failure to qualify for an exemption from the definition of nonqualified deferred compensation in accordance with the Treasury Regulations, this Agreement is intended to comply with the applicable requirements of Section 409A with respect to the payment of such compensation or benefits. This Agreement shall be interpreted and administered to the extent possible in a manner consistent with the foregoing statement of intent. To the extent applicable, each of the Code but do not satisfy an exemption fromexceptions to Section 409A’s prohibition on acceleration of payments of nonqualified deferred compensation provided under Treasury Regulation 1.409A-3(j)(4) shall be permitted under the Agreement, including without limitation, the exception available under Treasury Regulation 1.409A-3(j)(4)(v). Notwithstanding anything herein to the contrary, the Employee expressly agrees and acknowledges that in the event that any taxes are imposed under Section 409A in respect of any compensation or benefits payable to the conditions ofEmployee, whether in connection with a Separation from Service under this Agreement or otherwise, then (i) the payment of such Section. EXECUTED taxes shall be solely the day Employee’s responsibility, (ii) neither Live Nation nor any of its past or present directors, officers, employees or agents shall have any liability for any such taxes and year first above written. UFP TECHNOLOGIES(iii) the Employee shall indemnify and hold harmless, INC. By:to the greatest extent permitted under law, each of the foregoing from and against any claims or liabilities that may arise in respect of any such taxes.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to To the extent applicable, and the Regulations issued thereunder. Anything in any provision of this Agreement or action by the Company would subject the Executive to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of liability for interest or additional taxes under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Codeit shall be deemed null and void, then to the extent permitted by law and deemed advisable by the Company. It is intended that this Agreement will comply with Code Section 409A and the interpretive guidance thereunder, including the exceptions for short-term deferrals, separation pay arrangements, reimbursements and in-kind distributions, and this Agreement shall be administered accordingly, and interpreted and construed on a basis consistent with such intent. Each payment under Paragraph 2 above or any payment Company benefit plan is intended to be treated as one of a series of separate payments for purposes of Code Section 409A and Treasury Regulation § 1.409A- 2(b)(2)(iii) (or any similar or successor provisions). To the extent any reimbursements or in-kind benefit that the Awardee becomes entitled to payments under this Agreement would be considered deferred compensation are subject to the 20 percent additional tax imposed pursuant to Code Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code409A, such payment shall not be payable reimbursements and such in-kind benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred payments shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h§ 1 .409A- 3(i)(1)(iv) (or any similar or successor provisions). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this This Agreement may be amended, as reasonably requested amended to the extent necessary (including retroactively) by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations Company in order to preserve the payments compliance with Code Section 409A. The preceding shall not be construed as a guarantee of any particular tax effect for Executive’s compensation and benefits and the Company does not guarantee that any compensation or benefits provided hereunder without additional cost to either party. Solely for under this Agreement will satisfy the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Code Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section409A. READ THIS AGREEMENT AND RELEASE AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT; IT INCLUDES A RELEASE AND WAIVER OF KNOWN AND UNKNOWN CLAIMS. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:CONSULT YOUR ATTORNEY BEFORE SIGNING IT.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to To the extent applicable, and the Regulations issued thereunder. Anything in any provision of this Agreement or action by the Company would subject the Executive to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of liability for interest or additional taxes under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Codeit shall be deemed null and void, then to the extent permitted by law and deemed advisable by the Company. It is intended that this Agreement will comply with Code Section 409A and the interpretive guidance thereunder, including the exceptions for short-term deferrals, separation pay arrangements, reimbursements and in-kind distributions, and this Agreement shall be administered accordingly, and interpreted and construed on a basis consistent with such intent. Each payment under Section 2 above or any payment Company benefit plan is intended to be treated as one of a series of separate payments for purposes of Code Section 409A and Treasury Regulation §1.409A-2(b)(2)(iii) (or any similar or successor provisions). To the extent any reimbursements or in-kind benefit that the Awardee becomes entitled to payments under this Agreement would be considered deferred compensation are subject to the 20 percent additional tax imposed pursuant to Code Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code409A, such payment shall not be payable reimbursements and such in-kind benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred payments shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h§1.409A-3(i)(1)(iv) (or any similar or successor provisions). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this This Agreement may be amended, as reasonably requested amended to the extent necessary (including retroactively) by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations Company in order to preserve the payments compliance with Code Section 409A. The preceding shall not be construed as a guarantee of any particular tax effect for Executive’s compensation and benefits and the Company does not guarantee that any compensation or benefits provided hereunder without additional cost to either party. Solely for under this Agreement will satisfy the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Code Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section409A. READ THIS AGREEMENT AND RELEASE AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT; IT INCLUDES A RELEASE AND WAIVER OF KNOWN AND UNKNOWN CLAIMS. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:CONSULT YOUR ATTORNEY BEFORE SIGNING IT.

Section 409A. This Award Agreement It is intended to be in compliance that this Agreement and any payment, distribution or other benefit hereunder shall comply with the provisions requirements of Section 409A of the Code, as well as any related regulations or other guidance promulgated by the U.S. Department of the Treasury or the Internal Revenue Code Service ("Section 409A"), to the extent applicable, and the Regulations issued thereunderterms of this Agreement and of any compensation or benefit plan under which compensation or benefits are provided shall be interpreted accordingly. Anything If Employee is a "specified employee" under Section 409A, to the extent required to comply with Section 409(a)(2)(b)(i), no payment, distribution or other benefit described in this Agreement to the contrary notwithstanding, if at the time constituting a distribution of the Awardee’s separation from service deferred compensation (within the meaning of Treasury Regulation Section 409A of 1.409A-1(b)) to be paid during the Internal Revenue Code of 1986, as amended, and the regulations thereunder six-month period following a separation from service (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)) will be made during such six-month period. Instead, any such deferred compensation shall be paid on the first business day following the six-month anniversary of the separation from service. In no event may Employee, directly or indirectly, designate the calendar year of a payment. To the extent that the payment of any provision of amount under this Agreement constitutes deferred compensation (within the meaning of Treasury Regulation Section 1.409A-1(b)) and such amount is ambiguous as payable within a number of days (e.g., not later than the sixty-fifth (65th) day after the Date of Termination) that begins in one calendar year and ends in a subsequent calendar year, such amount shall be paid in the subsequent calendar year. Any provision that would cause this Agreement or a payment, distribution or other benefit hereunder to its compliance with fail to satisfy the requirements of Section 409A shall have no force or effect and, to the extent an amendment would be effective for purposes of the CodeSection 409A, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may shall be amended, as reasonably requested by either party, and as may be necessary amended to fully comply with Section 409A 409A. Such amendment shall be retroactive to the extent permitted by Section 409A. For purposes of this Agreement, Employee shall not be deemed to have terminated employment unless and until a separation from service (within the Code meaning of Treasury Regulation Section 1.409A-1(h)) has occurred. All reimbursements and all related rules and regulations in order to preserve the payments and in-kind benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of under this Agreement are determined to that constitute deferred compensation (within the meaning of Treasury Regulation Section 1.409A-1(b)) shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during the time period specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made not later than the last day of the Employee's taxable year following the taxable year in which such expense was incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to Section 409A liquidation or exchange for another benefit. Notwithstanding anything to the contrary, in no event shall the Company, any affiliate of the Code but do not satisfy an exemption fromCompany, or any employee, director, representative, agent or advisor of the conditions ofCompany or any affiliate of the Company be liable for or in respect of any additional tax, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIESinterest or penalty that may be imposed on Employee or other person under Section 409(A), INC. By:or for damages for failing to comply with Section 409(A).

Section 409A. This Award Payments made pursuant to this Plan and this Grant Agreement is are intended to be in compliance comply with the provisions of or qualify for an exemption from Section 409A of the Internal Revenue Code (“Section 409A”). The Company reserves the right, to the extent applicablethe Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Grant Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, including any amendments or actions that would result in the Regulations issued thereunderreduction of benefits payable under this Grant Agreement, as the Company determines are necessary or appropriate to ensure that all PARSUs and dividend equivalent payments are made in a manner that qualifies for an exemption from, or complies with, Section 409A or mitigate any additional tax, interest and/or penalties or other adverse tax consequences that may apply under Section 409A; provided however, that the Company makes no representations that the XXXXX or the dividend equivalents will be exempt from any penalties that may apply under Section 409A and makes no undertaking to preclude Section 409A from applying to this XXXXX or the dividend equivalents. Anything in this Agreement For the avoidance of doubt, the Employee hereby acknowledges and agrees that the Company will have no liability to the contrary notwithstandingEmployee or any other party if any amounts payable under this Grant Agreement are not exempt from, if at or compliant with, Section 409A, or for any action taken by the time Company with respect thereto. Any PARSUs or dividend equivalents the settlement of the Awardee’s which is triggered by “separation from service service” (within the meaning of Section 409A 409A) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of (as defined under Section 409A(a)(2)(B)(i409A) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would shall be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as made on a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (Aa) the Employee’s death or (b) the later of the specified settlement date and the date which is six months and one day after the Awardeedate of the Employee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Notwithstanding anything herein to the contrary, this Letter Agreement is intended to be in compliance with interpreted and applied so that the provisions of Section 409A payment of the Internal Revenue Code to benefits set forth herein either shall either be exempt from the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), or shall comply with the Company determines that requirements of such provision. In no event may you, directly or indirectly, designate the Awardee is calendar year of any payment to be made under this Letter Agreement or otherwise which constitutes a “specified employeedeferral of compensation” within the meaning of Code Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to 409A. All reimbursements and in-kind benefits provided under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made or provided in accordance with the presumptions set forth in Treasury Regulation requirements of Code Section 1.409A-1(h). 409A. To the extent that any provision reimbursements pursuant to this Letter Agreement or otherwise are taxable to you, any reimbursement payment due to you shall be paid to you on or before the last day of your taxable year following the taxable year in which the related expense was incurred; provided, that, you have provided the Company written documentation of such expenses in a timely fashion and such expenses otherwise satisfy the Company’s expense reimbursement policies. Reimbursements pursuant to this Letter Agreement or otherwise are not subject to liquidation or exchange for another benefit and the amount of such reimbursements that you receive in one taxable year shall not affect the amount of such reimbursements that you receive in any other taxable year. Notwithstanding any of the foregoing to the contrary, the Company and its respective officers, directors, employees, and agents make no guarantee that the terms of this Letter Agreement as written comply with, or are exempt from, the provisions of Code Section 409A, and none of the foregoing shall have any liability for the failure of the terms of this Agreement is ambiguous as written to its compliance with Section 409A of the Codecomply with, or be exempt from, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Code Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award Agreement and the Restricted Stock Units granted hereunder are intended to fit within the “short-term deferral” exemption from Section 409A of the Code, as set forth in Treasury Regulation Section 1.409A-1(b)(4) or any successor provision, or to comply with, or otherwise be exempt from, Section 409A of the Code. This Agreement and the Restricted Stock Units shall be administered, interpreted and construed in a manner consistent with Section 409A of the Code. Each amount payable under this Agreement is intended to be in compliance with the provisions designated as a separate identified payment for purposes of Section 409A of the Internal Revenue Code Code. If and to the extent applicable(i) any portion of any payment, and the Regulations issued thereunder. Anything in this Agreement compensation or other benefit provided to the contrary notwithstanding, if at Participant in connection with the time of the AwardeeParticipant’s separation from service employment termination constitutes “nonqualified deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and (ii) the regulations thereunder (the “Code”), the Company determines that the Awardee Participant is a “specified employee” within the meaning of employee as defined in Section 409A(a)(2)(B)(i) of the Code, then to in each case as determined by the extent any payment Company in accordance with its procedures, by which determinations the Participant (through accepting the Restricted Stock Units) agrees that he or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) she is bound, such portion of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Codepayment, such payment shall not be payable and such compensation or other benefit shall not be provided until paid before the date day that is the earlier of (A) six months and plus one day after the Awardee’s date of “separation from service, or ” (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with determined under Section 409A of the Code) (the “New Payment Date”), the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, except as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code may then permit. The aggregate of any payments that otherwise would have been paid to the Participant during the period between the date of separation from service and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A New Payment Date shall be considered paid to the Participant in a separate paymentlump sum on such New Payment Date, and any remaining payments will be paid on their original schedule. The Company makes no representation representations or warranty and shall have no liability to the Awardee Participant or any other person if any provisions of this Agreement or payments, compensation or other benefits hereunder are determined to constitute nonqualified deferred compensation subject to Section 409A of the Code but do not to satisfy an exemption from, from or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:of that section.

Section 409A. This It is the intention of the Company that this Award Agreement is intended to be in compliance and each Performance Unit granted hereunder shall comply with the provisions requirements of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation or be exempt from service within the meaning of Section 409A of the Internal Revenue Code of 1986and, as amended, and the regulations thereunder (the “Code”), the Company determines with respect to amounts that the Awardee is a “specified employee” within the meaning of are subject to Section 409A(a)(2)(B)(i) 409A of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would shall in all respects be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made administered in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, and this Award Agreement, the provision Program and the 2014 Plan shall be read in such a manner so that all payments hereunder comply with Section 409A interpreted accordingly. Notwithstanding any provision of the Code. The parties agree that this Agreement may to the contrary, if the Grantee is determined to be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely a “specified employee” for the purposes of Section 409A of the CodeCode as of the Grantee’s Termination of Service, then, to the share increments issuable on each vesting date on Schedule A extent required pursuant to Section 409A, payments due under this Award Agreement that are deemed to be Deferred Compensation shall be considered subject to a separate paymentsix (6)-month delay following the Termination of Service; and all delayed payments shall be accumulated and paid in a lump-sum payment as of the first day of the seventh month following the Termination of Service (or, if earlier, as of the Grantee’s death), with all such delayed payments being credited with interest (compounded monthly) for this period of delay equal to the prime rate in effect on the first day of such six (6)-month period. Any portion of the benefits hereunder that were not otherwise due to be paid during the six (6)-month period following the Termination of Service shall be paid to the Grantee in accordance with the payment schedule established herein. The Company makes no representation does not guarantee that this Award or warranty and shall have no liability to the Awardee any payments or benefits that may be made or provided hereunder will satisfy all applicable provisions of Section 409A or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Code.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:: Xxxxxx X. Xxxxxxxx Chief Financial Officer

Section 409A. This Award Notwithstanding anything herein to the contrary, to the maximum extent permitted by applicable law, the settlement of the PSUs to be made to the Grantee pursuant to this Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, qualify as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employeeshort-term deferral” within the meaning of pursuant to Section 409A(a)(2)(B)(i1.409A-1(b)(4) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under Regulations and this Agreement would shall be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) interpreted consistently therewith. However, under certain circumstances, settlement of the Code as a result PSUs may not so qualify, and in that case, the Committee shall administer the grant and settlement of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made PSUs in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its strict compliance with Section 409A of the Code. Further, notwithstanding anything herein to the contrary, if at the time of a Participant’s termination of employment with the Company and all Service Recipients, the provision shall be read Participant is a “specified employee” as defined in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as may be a result of such termination of service is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Participant) to the minimum extent necessary to fully comply satisfy Section 409A of the Code until the date that is six months and one day following the Participant’s termination of employment with the Company (or the earliest date as is permitted under Section 409A of the Code), if such payment or benefit is payable upon a termination of employment. For purposes of this Agreement, a “termination of employment” shall have the same meaning as “separation from service” under Section 409A of the Code and all related rules and regulations in order Grantee shall be deemed to preserve have remained employed so long as Grantee has not “separated from service” with the payments and benefits provided hereunder without additional cost to either partyCompany or Successor. Solely Each payment of PSUs constitutes a “separate payment” for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to shall at all times be in compliance with administered and the provisions of this Agreement shall be interpreted consistent with the requirements of Section 409A. For purposes of this Agreement, Section 409A of the Internal Revenue Code shall refer to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”)) and the Treasury regulations and any other authoritative guidance issued thereunder. Any modification to the terms of this Agreement that would inadvertently result in an additional tax liability on the part of the Employee shall have no effect, provided the change in the terms of the Agreement are rescinded by the earlier of a date before the right is exercised (if the change grants a discretionary right) and the last day of the calendar year during which such change occurred. On or before December 31, 2008, if the Employee wishes to change his or her election as to the form or timing of the payment under this Agreement, the Company determines Employee may do so by completing a Transition Relief Election Form, provided that any such election (i) must be made prior to the Awardee Employee’s separation from service, (ii) shall not take effect before the date that is 12 months after the date the election is made, (iii) cannot apply to amounts that would otherwise be payable in 2008 and may not cause an amount to be paid in 2008 that would otherwise be paid in a later year. Changes to elections under this Agreement after December 31, 2008: (i) may not accelerate the payment of benefits, (ii) must be made at least 12 months prior to the scheduled distribution date, and (iii) must postpone payment (or the commencement of payments) for at least five (5) years from the scheduled distribution date. Despite any contrary provision of this Agreement, if, when an Employee’s service terminates, the Employee is a “specified employee,” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made defined in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all and if any payments hereunder comply with Section 409A of the Code. The parties agree that under this Agreement may be amended, as reasonably requested by either party, and as may be necessary will result in additional tax or interest to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes Employee because of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A Employee shall not be considered a separate payment. The Company makes no representation or warranty and shall have no liability entitled to the Awardee such payments until the earliest of (i) the date that is at least six months after termination of the Employee’s employment for reasons other than the Employee’s death, (ii) the date of the Employee’s death, or (iii) any other person if any provisions of this Agreement are determined earlier date that does not result in additional tax or interest to constitute deferred compensation subject to the Employee under Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Code.”

Section 409A. This Award Agreement shall be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid or provided in a manner that is intended to be in compliance either exempt from or compliant with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of requirements Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), and applicable Treasury Regulations issued thereunder. The Parties hereto acknowledge and agree that, to the Company determines that extent applicable, this Agreement shall be interpreted in accordance with, and incorporate the Awardee is a “specified employee” within the meaning of terms and conditions required by, Section 409A(a)(2)(B)(i) 409A of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under . No provision of this Agreement would shall be considered deferred compensation subject interpreted or construed to transfer any liability for failure to comply with the 20 percent additional tax imposed pursuant to requirements of Section 409A(a) 409A of the Code as a result from you or any other individual to the Company or any of the application of Section 409A(a)(2)(B)(i) of the Codeits affiliates, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, employees or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)agents. To the extent that any provision of this Agreement is ambiguous as to its compliance with permitted under Section 409A of the Code, any separate payment or benefit under this Agreement or otherwise shall not be deemed “nonqualified deferred compensation” subject to Section 409A to the extent provided in the exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other applicable exception or provision shall be read in such a manner so that all payments hereunder comply with of Section 409A of the Code. The parties agree that Notwithstanding anything to the contrary in this Agreement may Agreement, no compensation or benefits shall be amended, as reasonably requested by either party, and as may be necessary paid to fully comply with Section 409A of you during the Code and all related rules and regulations in order to preserve six (6)-month period following your “separation from service” from the payments and benefits provided hereunder without additional cost to either party. Solely for Company (within the purposes meaning of Section 409A of the Code, a “Separation from Service”) if the share increments issuable on each vesting date on Schedule A shall be considered Company determines that at the time of your Separation from Service that you are a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions “specified employee” for purposes of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption fromand paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day of the seventh month following the date of Separation from Service (or such earlier date upon which such amount can be paid under Section 409A of the conditions ofCode without resulting in a prohibited distribution, including as a result of your death), the Company shall pay you a lump-sum amount equal to the cumulative amount that would have otherwise been payable to you during such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:period.

Section 409A. This Award Agreement is intended to be in compliance comply with the provisions requirements of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), and this Agreement shall be interpreted on a basis consistent with such intent. Notwithstanding any provision in this Agreement to the Company determines that contrary, if the Awardee Grantee is a “specified employee” within (as defined in section 409A of the meaning Code) and it is necessary to postpone the commencement of Section 409A(a)(2)(B)(i) any payments otherwise payable under this Agreement to prevent any accelerated or additional tax under section 409A of the Code, then the Form approved August 2021 Company will postpone the payment until five (5) days after the end of the six-month period following the Grantee’s “separation from service” (as defined under section 409A of the Code). If the Grantee dies during the postponement period prior to the extent any payment or benefit that of postponed amount, the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) amounts withheld on account of section 409A of the Code as a result shall be paid to the personal representative of the application of Section 409A(a)(2)(B)(i) Grantee’s estate within 60 days after the date of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the AwardeeGrantee’s death. The determination of whether who is a specified employee, including the number and when a separation from service has occurred identity of persons considered specified employees and the identification date, shall be made by the Committee in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)provisions of sections 416(i) and 409A of the Code. To In no event shall the extent that Grantee, directly or indirectly, designate the calendar year of payment. Notwithstanding any provision of in this Agreement is ambiguous as to its compliance with the contrary, in the event of a Change in Control Termination, if the Change in Control does not constitute a change in ownership or effective control of, or a change in the ownership of a substantial portion of the assets of, the Company under Section 409A of the Code and if required by Section 409A of the Code, payment will be made on the provision shall be read date on which payment would have been made had there been no Change in such a manner so that all payments hereunder comply with Section 409A of the CodeControl. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the For purposes of Section section 409A of the Code, the share increments issuable on each vesting date on Schedule A payment under this Agreement shall be considered treated as a separate payment. The Company makes no representation or warranty and shall have no liability This Agreement may be amended without the consent of the Grantee in any respect deemed by the Committee to the Awardee or any other person if any provisions of this Agreement are determined be necessary in order to constitute deferred compensation subject to Section preserve compliance with section 409A of the Code but do not satisfy an exemption fromor other applicable law. Responsibility for Taxes The following provisions shall supplement Section 7 of the Agreement: ‘Notwithstanding the above, for any FICA and Medicare tax withholding obligation that arises (i) upon the Grantee becoming eligible for Retirement in Good Standing (on or after the conditions offirst Vesting Date) or Disability and (ii) prior to a time for which shares of Stock subject to such a continued vesting have otherwise become payable, those obligations shall be satisfied by deducting from the shares of Stock under this Award that number of shares of Stock which have a Fair Market Value, as determined by the Company, equal to the amount of the FICA and Medicare tax withholding obligations due with respect to this Award, and any portion of a previous award made to Grantee under the Plan for which such Section. EXECUTED tax withholding obligations arise, rounded up to the day and year first above written. UFP TECHNOLOGIESnearest whole share; provided, INC. Byhowever, that no such withholding method shall be applied to a Grantee who, at the time of such determination, is subject to Section 16 of the U.S. Securities Exchange Act of 1934 pursuant to Rule 16a-2 promulgated thereunder.’ Definitions The following provision supplements Section 15(c) of the Agreement: ‘In addition, in order to be eligible for extended vesting associated with a Retirement in Good Standing under Section 3(a) of this Agreement or any other prior award of restricted stock units under the plan, the Grantee must also have been continuously employed through the Initial Retirement Eligibility Date.’ The following definition is added as Section 15(d) of the Agreement:

Section 409A. This Award It is the intention of the Parties that the benefits and rights to which Executive could be entitled pursuant to this Agreement be exempt from or comply with Section 409A, and the provisions of this Agreement shall be construed in a manner consistent with that intent and the requirements for avoiding taxes or penalties under Section 409 A. If either Party believes, at any time, that any such benefit or right that is intended subject to be Section 409A does not so comply, it shall promptly advise the other Party and both Parties shall negotiate reasonably and in good faith to amend or clarify the terms of such benefits and rights such that they do not violate Section 409A (with the intent and effect of avoiding any adverse economic effect for Executive). No Party, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the earliest date on which it may be paid without violating Section 409A. If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of Executive's employment shall be made unless and until Executive incurs a "Separation from Service" within the meaning of Section 409 A and, for purposes of any such provision of this Agreement, references to a "termination," "termination of employment," "separation from service" or like terms shall mean Separation from Service. For purposes of applying the provisions of Section 409A of the Internal Revenue Code to the extent applicablethis Agreement, each amount to be paid or benefit to be provided to Executive pursuant to this Agreement, and the Regulations issued thereunder. Anything each individual installment in a series of payments, shall be construed as a separate identified payment for purposes of Section 409A,and any payments described in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service that are due within the meaning of "short term deferral period" as defined in Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous treated as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:unless applicable law requires otherwise.

Section 409A. This Award The parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with or are exempt from Section 409A of the Code. Each payment pursuant to this Agreement is intended to be in compliance with the provisions constitute a separate payment for purposes of Treasury Regulation Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder1.409A-2(b)(2). Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeEmployee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Employee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Employee becomes entitled to under this Agreement on account of the Employee’s separation from service would be considered deferred compensation otherwise subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeEmployee’s separation from service, or (B) the AwardeeEmployee’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. To the extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Employee’s termination of employment, then such payments or benefits shall be payable only upon the Employee’s “separation from service.” The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to To the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made interpreted and applied consistent and in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all Department of Treasury regulations and other interpretive guidance issued thereunder. Notwithstanding any provision of this Agreement to the contrary, if the Company determines that any compensation or benefits payable under this Agreement may not be either exempt from or compliant with Section 409A of the Code and related rules Department of Treasury guidance, the Company may in its sole discretion adopt such amendments to this Agreement or adopt other policies and regulations in order procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or appropriate to (i) exempt the compensation and benefits payable under this Agreement from Section 409A of the Code and/or preserve the payments intended tax treatment of such compensation and benefits provided hereunder without additional cost benefits, or (ii) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance; provided, however, that this Section 19 shall not create any obligation on the part of the Company to either partyadopt any such amendment, policy or procedure or take any such other action. Solely for To the purposes of extent permitted under Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a any separate payment. The Company makes no representation payment or warranty and shall have no liability to the Awardee or any other person if any provisions of benefit under this Agreement are determined to constitute or otherwise shall not be deemed “nonqualified deferred compensation compensation” subject to Section 409A of the Code but do not satisfy an exemption fromand the Payment Delay pursuant to Section 11 hereof to the extent provided in the exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other applicable exception or provision of Section 409A of the conditions ofCode. To the extent that any payments or reimbursements provided to Executive under this Agreement, including without limitation under Section 8 hereof, are deemed to constitute compensation to which Treasury Regulation Section 1.409A-3(i)(1)(iv) would apply, such Sectionamounts shall be paid or reimbursed to Executive reasonably promptly, but not later than December 31 of the year following the year in which the expense was incurred. EXECUTED The amount of any such payments eligible for reimbursement in one year shall not affect the day payments or expenses that are eligible for payment or reimbursement in any other taxable year, and year first above written. UFP TECHNOLOGIES, INC. By:Executive’s right to such payments or reimbursement shall not be subject to liquidation or exchange for any other benefit.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s your separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder 1986 (the “Code”), the Company determines Employers determine that the Awardee is you are a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes you become entitled to under this Agreement or otherwise on account of your separation from service would be considered deferred compensation otherwise subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s your separation from service, or (B) the Awardee’s your death. The determination If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of whether this provision, and when a separation from service has occurred the balance of the installments shall be made payable in accordance with their original schedule. The parties intend that this Agreement will be administered in accordance with Section 409A of the presumptions set forth in Treasury Regulation Section 1.409A-1(h)Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). The parties agree that this Agreement may be amended, as reasonably requested by either any party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either any party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes Employers make no representation or warranty and shall have no liability to the Awardee you or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Sectionsection. EXECUTED To the day extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and year first above writtento the extent that such payment or benefit is payable upon the termination of your employment, then such payments or benefits shall be payable only upon your “separation from service.” The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). UFP TECHNOLOGIES[signature page follows] Please indicate your agreement to the terms of this Agreement by signing and returning to me the original or a PDF copy of this letter within the time period set forth above. Very truly yours, XXXXXXXX BANCORP, INC. AND ENVISION BANK By: /s/ Xxxxxxx X. Xxxxxxx, Xx. Xxxxxxx 00, 0000 Xxxxxxx X. Xxxxxxx, Xx. Date Chairman of the Board You are advised to consult with an attorney before signing this Agreement. The foregoing is agreed to and accepted by: /s/ Xxxxx X. XxXxxxxxx January 28, 2020 Xxxxx X. XxXxxxxxx Date Exhibit A RELEASE AGREEMENT I enter into this Release Agreement (the “Release Agreement”) pursuant to Section 2 of the Retirement Agreement by and among Xxxxxxxx Bancorp, Inc. (the “Company”), Envision Bank (the “Bank” and together with the Company, the “Employers”) and me (the “Retirement Agreement”). I acknowledge that my timely execution and return and my non-revocation of this Release Agreement are conditions to the payment of the Retirement Benefits pursuant to Section 2 of the Retirement Agreement. Capitalized terms used herein and not otherwise defined have the meanings ascribed to such terms in the Retirement Agreement. I therefore agree to the following terms:

Section 409A. This Award Agreement is intended to be written, administered, interpreted and construed in compliance with a manner such that no payment or benefits provided under the provisions of Agreement become subject to (a) the gross income inclusion set forth within Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A 409A(a)(1)(A) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”) or (b) the interest and additional tax set forth within Section 409A(a)(1)(B) of the Code (collectively, “Section 409A Penalties”), including, where appropriate, the Company determines construction of defined terms to have meanings that would not cause the Awardee imposition of Section 409A Penalties. The severance payments payable to Executive pursuant to this Agreement shall be made in reliance upon Treasury Regulation Section 1.409A-1(b)(4) (relating to short-term deferrals). However, to the extent any such payments are treated as “non-qualified deferred compensation” subject to Section 409A of the Code, and if Executive is deemed at the time of his separation from service to be a “specified employee” within the meaning for purposes of Section 409A(a)(2)(B)(i) of the Code, then to the extent delayed commencement of any payment or benefit that portion of the Awardee becomes benefits to which Executive is entitled to under this Agreement would be considered deferred compensation subject is required in order to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as avoid a result of the application of prohibited payment under Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit portion of Executive’s termination benefits shall not be provided until the date that is to Executive prior to the earlier of (Ai) six months and one day after the Awardeeexpiration of the six-month period measured from the date of Executive’s separation from service, service or (Bii) the Awardeedate of Executive’s death. Upon the earlier of such dates, all payments deferred pursuant to this Section shall be paid in a lump sum to Executive. The determination of whether and when Executive is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code as of the time of his separation from service has occurred shall be made by the Company in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision terms of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules applicable guidance thereunder (including without limitation Treasury Regulation Section 1.409A-1(i) and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either partyany successor provision thereto). Solely for the For purposes of Section 409A of the CodeCode (including, the share increments issuable on without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), each vesting date on Schedule A payment that Executive may be eligible to receive under this Agreement shall be considered treated as a separate and distinct payment and shall not collectively be treated as a single payment. The Company makes no representation In-kind benefits and reimbursements provided under this Agreement during any tax year of the Executive shall not affect in-kind benefits or warranty and shall have no liability reimbursements to the Awardee or be provided in any other person if any provisions tax year of this Agreement Executive and are determined to constitute deferred compensation not subject to liquidation or exchange for another benefit. Reimbursement requests must be timely submitted by Executive and, if timely submitted, reimbursement payments shall be made to Executive as soon as administratively practicable following such submission in accordance with the Company’s policies regarding reimbursements, but in no event later than the last day of Executive’s taxable year following the taxable year in which the expense was incurred. In no event shall Executive be entitled to any reimbursement payments after the last day of Executive’s taxable year following the taxable year in which the expense was incurred. This Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day shall only apply to in-kind benefits and year first above written. UFP TECHNOLOGIES, INC. By:reimbursements that would result in taxable compensation income to Executive.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from service, or (B) the AwardeeExecutive’s death. The determination If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of whether this provision, and when a separation from service has occurred the balance of the installments shall be made payable in accordance with their original schedule. The parties intend that this Agreement will be administered in accordance with Section 409A of the presumptions set forth in Treasury Regulation Section 1.409A-1(h)Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes The determination of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A whether and when a separation from service has occurred shall be considered a separate paymentmade in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.”

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:: _________________________ Xxxxxx X. Xxxxxxxx Chief Financial Officer AWARDEE’S ACCEPTANCE: I have read and fully understood this Award Agreement and, as referenced in Section 16 above, I accept and agree to be bound by all of the terms, conditions and restrictions contained in this Award Agreement and the other documents referenced in it. ___________________________________

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Separation Agreement to the contrary notwithstanding, if at the time of the Awardee’s Xx. Xxxxxxx’x separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986Code, as amended, and the regulations thereunder (the “Code”), the Company Northeast determines that the Awardee Xx. Xxxxxxx is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Xx. Xxxxxxx becomes entitled to under this Separation Agreement on account of Xx. Xxxxxxx’x separation from service would be considered deferred compensation otherwise subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s Xx. Xxxxxxx’x separation from service, or (B) the Awardee’s Xx. Xxxxxxx’x death. The determination If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of whether this provision, and when a separation from service has occurred the balance of the installments shall be made payable in accordance with their original schedule. The parties intend that this Separation Agreement will be administered in accordance with Section 409A of the presumptions set forth in Treasury Regulation Section 1.409A-1(h)Code. To the extent that any provision of this Separation Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The Each payment pursuant to this Separation Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2).The parties agree that this Separation Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company Northeast makes no representation or warranty and shall have no liability to the Awardee Xx. Xxxxxxx or any other person if any provisions of this Separation Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything Notwithstanding anything in this Agreement to the contrary notwithstandingcontrary, if to the extent the Employee would otherwise be entitled to a payment during the six months beginning on the Date of Termination that would be subject to the additional tax imposed under Section 409A of the Code, (i) the payment will not be made to the Employee and instead will be made, at the time election of the Awardee’s separation from service Company, either to a trust in compliance with Rev. Proc. 92-64 or an escrow account established to fund such payments (provided that such funds shall be at all times subject to the creditors of the Company and its affiliates) and (ii) the payment, together with interest thereon at the rate of "prime" plus 1%, will be paid to the Employee on the earlier of the six-month anniversary of Date of Termination or the Employee's death or disability (within the meaning of Section 409A of the Internal Revenue Code of 1986Code). Similarly, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes Employee would otherwise be entitled to under this Agreement any benefit (other than a cash payment) during the six months beginning on the Date of Termination that would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with under Section 409A of the Code, the provision shall benefit will be read delayed and will begin being provided (together, if applicable, with an adjustment to compensate the Employee for the delay, with such adjustment to be determined in such a manner so the Company's reasonable good faith discretion) on the earlier of the six-month anniversary of the Date of Termination or the Employee's death or disability (within the meaning of Section 409A of the Code). The Company will establish the trust or escrow account, as applicable, no later than ten days following the Employee's Date of Termination. It is the intention of the parties that all the payments hereunder and benefits to which the Employee could become entitled in connection with termination of employment under this Agreement comply with Section 409A of the Code. The In the event that the parties agree determine that this Agreement may be amendedany such benefit or right does not so comply, as they will negotiate reasonably requested by either party, and as may be necessary in good faith to fully comply with Section 409A of amend the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions terms of this Agreement are determined such that it complies (in a manner that attempts to constitute deferred compensation subject to Section 409A minimize the economic impact of such amendment on the Code but do not satisfy an exemption from, or Employee and the conditions of, such SectionCompany). EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Xxxxxxx X. Xxxxxx

Section 409A. This Award Agreement is intended By accepting this Agreement, Xxxxx hereby agrees and acknowledges that the Company does not make any representations with respect to be in compliance with the provisions application of Section 409A of the Internal Revenue Code to any tax, economic or legal consequences of any payments payable to Xxxxx hereunder. Further, by the acceptance of this Agreement, Xxxxx acknowledges that (i) Xxxxx has obtained independent tax advice regarding the application of Section 409A of the Code to the payments due to Xxxxx hereunder, (ii) Xxxxx retains full responsibility for the potential application of Section 409A of the Code to the tax and legal consequences of payments payable to Xxxxx hereunder and (iii) the Company shall not indemnify or otherwise compensate Xxxxx for any violation of Section 409A of the Code that my occur in connection with this Agreement. The Parties agree that, to the extent applicable, this Agreement shall be interpreted and administered in accordance with Section 409A of the Regulations issued thereunderCode and that the Parties will cooperate in good faith to amend such documents and to take such actions as may be necessary or appropriate to comply with Section 409A of the Code. Anything in Notwithstanding any other provision of this Agreement to the contrary notwithstandingcontrary, if at to the time extent any payments made under this Agreement are treated as non-qualified deferred compensation subject to Section 409A of the Awardee’s Code, then (a) no payments to be made under this Agreement following Xxxxx’x termination of employment shall be made unless Xxxxx’x termination of employment constitutes a “separation from service service” within the meaning of Section 409A 1.409A-1(h) of the Internal Revenue Code Treasury Regulations and (b) if Xxxxx is deemed at the time of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is her separation from service to be a “specified employee” within the meaning for purposes of Section 409A(a)(2)(B)(i) of the Code, then to the extent delayed commencement of any payment or benefit that the Awardee becomes portion of any payments upon Xxxxx’x separation from service to which Xxxxx is entitled to under this Agreement would be considered deferred compensation subject is required in order to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as avoid a result of the application of prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit portion of the payments shall not be provided until the date that is to Xxxxx prior to the earlier of (Ax) six months and one day after the Awardee’s expiration of the six-month period measured from the date of Xxxxx’x “separation from service, ” with the Company (as such term is defined in Section 1.409A-1(h) of the Treasury Regulations) or (By) the Awardee’s date of Xxxxx’x death. Upon the earlier of such dates, all payments deferred pursuant to this paragraph shall be paid in a lump sum to Xxxxx, and any remaining payments due under the Agreement shall be paid as otherwise provided herein. The determination of whether and when Xxxxx is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code as of the time of her separation from service has occurred shall be made by the Company in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision terms of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder applicable guidance thereunder (including without additional cost to either party. Solely for the purposes of limitation Section 409A 1.409A-1(i) of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty Treasury Regulations and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:successor provision thereto).

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to To the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made interpreted and applied consistent and in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all Department of Treasury regulations and other interpretive guidance issued thereunder. Notwithstanding any provision of this Agreement to the contrary, if the Company determines that any compensation or benefits payable under this Agreement may not be either exempt from or compliant with Section 409A of the Code and related rules Department of Treasury guidance, the Company may in its sole discretion adopt such amendments to this Agreement or adopt other policies and regulations in order procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or appropriate to (i) exempt the compensation and benefits payable under this Agreement from Section 409A of the Code and/or preserve the payments intended tax treatment of such compensation and benefits provided hereunder without additional cost benefits, or (ii) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance; provided, however, that this Section 20 shall not create any obligation on the part of the Company to either partyadopt any such amendment, policy or procedure or take any such other action. Solely for To the purposes of extent permitted under Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a any separate payment. The Company makes no representation payment or warranty and shall have no liability to the Awardee or any other person if any provisions of benefit under this Agreement are determined to constitute or otherwise shall not be deemed “nonqualified deferred compensation compensation” subject to Section 409A of the Code but do not satisfy an exemption fromand the Payment Delay pursuant to Section 10 hereof to the extent provided in the exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other applicable exception or provision of Section 409A of the conditions ofCode. To the extent that any payments or reimbursements provided to Executive under this Agreement, including without limitation under Section 7 hereof, are deemed to constitute compensation to which Treasury Regulation Section 1.409A-3(i)(1)(iv) would apply, such Sectionamounts shall be paid or reimbursed to Executive reasonably promptly, but not later than December 31 of the year following the year in which the expense was incurred. EXECUTED The amount of any such payments eligible for reimbursement in one year shall not affect the day payments or expenses that are eligible for payment or reimbursement in any other taxable year, and year first above writtenExecutive’s right to such payments or reimbursement shall not be subject to liquidation or exchange for any other benefit. UFP TECHNOLOGIES, INC. By:SIGNATURE PAGE TO AGREEMENT

Section 409A. This Award Agreement is intended By accepting this Agreement, Executive hereby agrees and acknowledges that the Company does not make any representations with respect to be in compliance with the provisions application of Section 409A of the Internal Revenue Code (“Code”) to any tax, economic, or legal consequences of any payments payable to Executive hereunder. Further, by the acceptance of this Agreement, Executive acknowledges that (i) Executive has obtained independent tax advice regarding the application of Section 409A of the Code to the payments due to Executive hereunder, (ii) Executive retains full responsibility for the potential application of Section 409A of the Code to the tax and legal consequences of payments payable to Executive hereunder and (iii) the Company shall not indemnify or otherwise compensate Executive for any violation of Section 409A of the Code that may occur in connection with this Agreement. The Parties agree that, to the extent applicable, this Agreement shall be interpreted and administered in accordance with Section 409A of the Regulations issued thereunderCode and that the Parties will cooperate in good faith to amend such documents and to take such actions as may be necessary or appropriate to comply with Section 409A of the Code. Anything in Notwithstanding any other provision of this Agreement to the contrary notwithstandingcontrary, if at to the time extent any payments made under this Agreement are treated as non-qualified deferred compensation subject to Section 409A of the AwardeeCode, then (a) no payments to be made under this Agreement following the Executive’s termination of employment shall be made unless the Executive’s termination of employment constitutes a “separation from service service” within the meaning of Section 409A 1.409A-1(h) of the Internal Revenue Code Treasury Regulations and (b) if Executive is deemed at the time of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is his separation from service to be a “specified employeeExecutive” within the meaning for purposes of Section 409A(a)(2)(B)(i) of the Code, then to the extent delayed commencement of any payment or benefit that portion of any payments upon the Awardee becomes Executive’s separation from service to which Executive is entitled to under this Agreement would be considered deferred compensation subject is required in order to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as avoid a result of the application of prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit portion of the payments shall not be provided until the date that is to Executive prior to the earlier of (Ax) six months and one day after the Awardeeexpiration of the six-month period measured from the date of the Executive’s “separation from service, ” with the Company (as such term is defined in Section 1.409A-1(h) of the Treasury Regulations) or (By) the Awardeedate of Executive’s death. Upon the earlier of such dates, all payments deferred pursuant to this paragraph shall be paid in a lump sum to the Executive, and any remaining payments due under the Agreement shall be paid as otherwise provided herein. The determination of whether and when the Executive is a “specified Executive” for purposes of Section 409A(a)(2)(B)(i) of the Code as of the time of her separation from service has occurred shall be made by the Company in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision terms of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder applicable guidance thereunder (including without additional cost to either party. Solely for the purposes of limitation Section 409A 1.409A-1(i) of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty Treasury Regulations and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:successor provision thereto).

Section 409A. This Award Agreement is intended to be in compliance with The parties intend that the provisions of Section 409A of the Internal Revenue Code to the extent applicable, benefits and the Regulations issued thereunder. Anything in rights provided under this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation be exempt from service within the meaning of or comply with Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations regulations, guidance and other interpretative authority issued thereunder to the extent subject thereto (the “CodeSection 409A”), and the Company determines provisions of this Agreement shall be construed in a manner consistent with that intent and the Awardee requirements for avoiding taxes or penalties under Section 409A. If either party believes, at any time, that any such benefit or right that is subject to Section 409A does not so comply, it shall promptly advise the other parties and all parties shall negotiate reasonably and in good faith to amend or clarify the terms of such benefits and rights such that they do not violate Section 409A (with the intent and effect of avoiding any adverse economic effect for Executive). No party, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the earliest date on which it may be paid without violating Section 409A. To the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of Executive’s employment shall be made unless and until Xx. Xxxxxx X. Shara September 26, 2022 Executive incurs a “specified employeeseparation from service” within the meaning of Section 409A(a)(2)(B)(i) 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “separation” or like terms shall have the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions meaning set forth in Treasury Regulation Section 1.409A-1(h). To 409A. For purposes of applying the extent that any provision provisions of this Agreement is ambiguous as to its compliance with Section 409A to this Agreement, each amount to be paid or benefit to be provided to Executive pursuant to this Agreement, and each individual installment in a series of the Codepayments, the provision shall be read in such construed as a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely separate identified payment for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines The Parties acknowledge that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code (“Section 409A”) imposes an additional tax (“409A Tax”) on deferred compensation (as defined under Section 409A) that does not meet certain requirements, and all related rules that as of the date this Agreement is executed (and each amendment hereto is executed), final regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of implementing Section 409A have not been implemented. The Parties agree that it is not intended that the 409A Tax apply to any payment or the provision of any benefit hereunder, and accordingly, the provisions of this Section 6.18 shall apply to any payment or benefit to which the 409A Tax would apply, regardless of whether such payment or benefit is explicitly made subject to this Section 6.18. If any of the CodeParties reasonably determine that any payment or benefit permitted or required under this Agreement would result in 409A Tax, and if such 409A Tax could be avoided by delaying the payment or postponing the provision of the benefit, the share increments issuable Parties agree to work in good faith to delay or postpone such payment or provision of the benefit until such time as it may be made or provided without the 409A Tax being imposed. If delay or postponement of a payment or the provision of a benefit would not avoid the imposition of the 409A Tax, then the Parties shall promptly agree in good faith on each vesting date on Schedule A shall be considered a separate paymentappropriate provisions to avoid such risk without materially changing the economic value of this Agreement to any Party. The Company makes no representation or warranty and shall have no liability Each Party hereto agrees that (a) none of the Parties has any obligation to the Awardee bring any potential 409A Tax or any other person if reporting or withholding obligation to the attention of any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A other Party and (b) none of the Code but do not satisfy an exemption from, Parties has any liability for 409A Tax or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:any other reporting or withholding obligation to any other Party.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to To the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made interpreted and applied consistent and in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all Department of Treasury regulations and other interpretive guidance issued thereunder. Notwithstanding any provision of this Agreement to the contrary, if the Company determines that any compensation or benefits payable under this Agreement may not be either exempt from or compliant with Section 409A of the Code and related rules Department of Treasury guidance, the Company may in its sole discretion adopt such amendments to this Agreement or adopt other policies and regulations in order procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or appropriate to (i) exempt the compensation and benefits payable under this Agreement from Section 409A of the Code and/or preserve the payments intended tax treatment of such compensation and benefits provided hereunder without additional cost benefits, or (ii) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance; provided, however, that this Section 19 shall not create any obligation on the part of the Company to either partyadopt any such amendment, policy or procedure or take any such other action. Solely for To the purposes of extent permitted under Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a any separate payment. The Company makes no representation payment or warranty and shall have no liability to the Awardee or any other person if any provisions of benefit under this Agreement are determined to constitute or otherwise shall not be deemed “nonqualified deferred compensation compensation” subject to Section 409A of the Code but do not satisfy an exemption fromand the Payment Delay pursuant to Section 11 hereof to the extent provided in the exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other applicable exception or provision of Section 409A of the conditions ofCode. To the extent that any payments or reimbursements provided to Executive under this Agreement are deemed to constitute compensation to which Treasury Regulation Section 1.409A-3(i)(1)(iv) would apply, such Sectionamounts shall be paid or reimbursed to Executive reasonably promptly, but not later than December 31 of the year following the year in which the expense was incurred. EXECUTED The amount of any such payments eligible for reimbursement in one year shall not affect the day payments or expenses that are eligible for payment or reimbursement in any other taxable year, and year first above writtenExecutive’s right to such payments or reimbursement shall not be subject to liquidation or exchange for any other benefit. UFP TECHNOLOGIES, INC. By:SIGNATURE PAGE TO AGREEMENT

Section 409A. This Award Agreement is intended to be in compliance and any payment, distribution or other benefit hereunder shall comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes requirements of Section 409A of the Code, as well as any related regulations or other guidance promulgated by the share increments issuable on each vesting date on Schedule A U.S. Department of the Treasury or the Internal Revenue Service ("Section 409A"), to the extent applicable. Each payment in a series of payments under this Agreement will be deemed a separate payment for purposes of Section 409A. To the extent Employee is a "specified employee" under Section 409A, no payment, distribution or other benefit described in this Agreement constituting a distribution of deferred compensation (within the meaning of Treasury Regulation Section l.409A-l(b)) to be paid during the six-month period following a separation from service (within the meaning of Treasury Regulation Section l.409A-l(h)) will be made during such six-month period. Instead, any such deferred compensation shall be considered paid on the first business day following the six-month anniversary of the separation from service or as soon as practicable following Employee's death. In no event may Employee, directly or indirectly, designate the calendar year of a separate payment and, for the avoidance of doubt, any payment that is conditioned upon the Employee’s execution and non-revocation of a release of claims and for which the consideration period spans two taxable years, shall be paid in the later of the two taxable years. Any provision that would cause this Agreement or a payment. The Company makes no representation , distribution or warranty and other benefit hereunder to fail to satisfy the requirements of Section 409A shall have no liability force or effect and, to the Awardee extent an amendment would be effective for purposes of Section 409A, the parties agree that this Agreement shall be amended to comply with Section 409A. Such amendment shall be retroactive to the extent permitted by Section 409A. For purposes of this Agreement, Employee shall not be deemed to have terminated employment unless and until a separation from service (within the meaning of Treasury Regulation Section l.409A-l(h)) has occurred. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during the time period specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other person if any provisions calendar year, (iii) the reimbursement of this Agreement are determined an eligible expense will be made not later than the last day of the Employee's taxable year following the taxable year in which such expense was incurred, and (iv) the right to constitute deferred compensation reimbursement or in-kind benefits is not subject to Section 409A of the Code but do not satisfy an exemption from, liquidation or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:exchange for another benefit.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent and if any payment or benefit that the Awardee Executive becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent interest, penalties and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, then no such payment shall not be payable and such or benefit shall not be provided until prior to the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation Separation from serviceService (defined below), or (B) the AwardeeExecutive’s death. The determination parties intend that this Agreement will be administered in accordance with Section 409A of whether and when the Code. For purposes of clarity, to the extent that any payment or benefit hereunder is payable upon a termination of Executive’s employment, then such payments or benefits shall only be payable upon Executive’s “Separation from Service.” The term “Separation from Service” shall mean Executive’s ‘separation from service has occurred shall be made service’ from the Company, an affiliate of the Company or a successor entity within the meaning set forth in Section 409A of the Code, determined in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:section.

Section 409A. This Award Agreement is intended to be in compliance and any payment, distribution or other benefit hereunder shall comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), or an exemption or exclusion therefrom, as well as any related regulations or other guidance promulgated by the Company determines that U.S. Department of the Awardee Treasury or the Internal Revenue Service (“Section 409A”), to the extent applicable, and shall in all respects be administered in accordance with Section 409A. To the extent Employee is a “"specified employee” " under Section 409A, no payment, distribution or other benefit described in this Agreement constituting a distribution of deferred compensation (within the meaning of Treasury Regulation Section 409A(a)(2)(B)(i1.409A-1(b)) of to be paid during the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardeesix-month period following Employee’s “separation from service, or ” (B) within the Awardee’s death. The determination meaning of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)) will be made during such six-month period. To Instead, any such deferred compensation shall be paid on the first business day following the six-month anniversary of the separation from service. In no event may Employee, directly or indirectly, designate the calendar year of a payment. Any provision that would cause this Agreement or a payment, distribution or other benefit hereunder to fail to satisfy the requirements of Section 409A shall have no force or effect and, to the extent that any provision an amendment would be effective for purposes of this Agreement is ambiguous as to its compliance with Section 409A of the Code409A, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may shall be amended, as reasonably requested by either party, and as may be necessary amended to fully comply with Section 409A 409A. Such amendment shall be retroactive to the extent permitted by Section 409A. For purposes of this Agreement, Employee shall not be deemed to have terminated employment unless and until a separation from service (within the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either partymeaning of Treasury Regulation Section 1.409A-1(h)) has occurred. Solely Each payment under this Agreement shall be treated as a separate payment for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A. 17.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to To the extent applicable, and the Regulations issued thereunder. Anything in any provision of this Agreement or action by the Company would subject the Executive to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of liability for interest or additional taxes under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Codeit shall be deemed null and void, then to the extent permitted by law and deemed advisable by the Company. It is intended that this Agreement will comply with Code Section 409A and the interpretive guidance thereunder, including the exceptions for short-term deferrals, separation pay arrangements, reimbursements and in-kind distributions, and this Agreement shall be administered accordingly, and interpreted and construed on a basis consistent with such intent. Each payment under Paragraph 2 above or any payment Company benefit plan is intended to be treated as one of a series of separate payments for purposes of Code Section 409A and Treasury Regulation § 1.409A-2(b)(2)(iii) (or any similar or successor provisions). To the extent any reimbursements or in-kind benefit that the Awardee becomes entitled to payments under this Agreement would be considered deferred compensation are subject to the 20 percent additional tax imposed pursuant to Code Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code409A, such payment shall not be payable reimbursements and such in-kind benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred payments shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h§ 1.409A-3(i)(1)(iv) (or any similar or successor provisions). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this This Agreement may be amended, as reasonably requested amended to the extent necessary (including retroactively) by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations Company in order to preserve the payments compliance with Code Section 409A. The preceding shall not be construed as a guarantee of any particular tax effect for Executive’s compensation and benefits and the Company does not guarantee that any compensation or benefits provided hereunder without additional cost to either party. Solely for under this Agreement will satisfy the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Code Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section409A. READ THIS AGREEMENT AND RELEASE AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT; IT INCLUDES A RELEASE AND WAIVER OF KNOWN AND UNKNOWN CLAIMS. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:CONSULT YOUR ATTORNEY BEFORE SIGNING IT.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from service, or (B) the AwardeeExecutive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. To the extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Executive’s termination of employment, then such payments or benefits shall be payable only upon the Executive’s “separation from service.” The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”)409A, the Company determines that the Awardee Executive is a “specified employeeExecutive” within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from service, or (B) the AwardeeExecutive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. The parties intend that this Agreement will be administered in accordance with Section 409A. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.”

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code Code, as amended (the “Code”), and the regulations thereunder to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service service, within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED as of the day and year first above written. UFP TECHNOLOGIES, INC. PSYCHEMEDICS CORPORATION By:

Section 409A. This Award Payments under this Agreement is are intended to be in compliance with exempt from the provisions application of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and, accordingly, the terms of this Award Agreement shall be construed and administered to the extent applicable, and the Regulations issued thereunderpreserve such exemption. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s “separation from service service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until any earlier than the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination Neither the Company nor any of whether and when a separation from service has occurred its affiliates shall be made liable to the Awardee (or any other individual claiming a benefit through the Awardee) for any tax, interest, or penalties the Awardee might owe as a result of participation in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To Plan, and the extent that Company and its affiliates shall have no obligation to indemnify or otherwise protect the Awardee from the obligation to pay any provision of this Agreement is ambiguous as taxes pursuant to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. INC By:: Rxxxxx X. Xxxxxxxx Chief Financial Officer AWARDEE’S ACCEPTANCE: I have read and fully understood this Award Agreement and, as referenced in Section 16 above, I accept and agree to be bound by all of the terms, conditions and restrictions contained in this Award Agreement and the other documents referenced in it.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to To the extent applicable, and the Regulations issued thereunder. Anything in any provision of this Agreement or action by the Company would subject the Executive to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of liability for interest or additional taxes under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Codeit shall be deemed null and void, then to the extent permitted by law and deemed advisable by the Company. It is intended that this Agreement will comply with Code Section 409A and the interpretive guidance thereunder, including the exceptions for short-term deferrals, separation pay arrangements, reimbursements and in-kind distributions, and this Agreement shall be administered accordingly, and interpreted and construed on a basis consistent with such intent. Each payment under Section 2 above or any payment Company benefit plan is intended to be treated as one of a series of separate payments for purposes of Code Section 409A and Treasury Regulation §1.409A-2(b)(2)(iii) (or any similar or successor provisions). To the extent any reimbursements or in-kind benefit that the Awardee becomes entitled to payments under this Agreement would be considered deferred compensation are subject to the 20 percent additional tax imposed pursuant to Code Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code409A, such payment shall not be payable reimbursements and such in-kind benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred payments shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h§1.409A-3(i)(1)(iv) (or any similar or successor provisions). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this This Agreement may be amended, as reasonably requested amended to the extent necessary (including retroactively) by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations Company in order to preserve the payments compliance with Code Section 409A. The preceding shall not be construed as a guarantee of any particular tax effect for Executive’s compensation and benefits and the Company does not guarantee that any compensation or benefits provided hereunder without additional cost to either party. Solely for under this Agreement will satisfy the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Code Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section409A. * * * * * READ THIS AGREEMENT WAIVER AND RELEASE AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING IT; IT INCLUDES A RELEASE AND WAIVER OF KNOWN AND UNKNOWN CLAIMS. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:CONSULT YOUR ATTORNEY BEFORE SIGNING IT.

Section 409A. This Award Agreement (a)This letter agreement is intended to be in compliance with satisfy the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning requirements of Section 409A of the Internal Revenue Code of 1986, as amendedamended (“Section 409A”) with respect to amounts, if any, subject thereto and shall be interpreted and construed and shall be performed by the parties consistent with such intent. If either party notifies the other in writing that one or more or the provisions of this letter agreement contravenes any Treasury Regulations or guidance promulgated under Section 409A or causes any amounts to be subject to interest, additional tax or penalties under Section 409A, the parties shall promptly and reasonably consult with each other, in good faith to reform the provisions of this letter agreement, as appropriate, to (i) maintain to the maximum extent reasonably practicable the original intent of the applicable provisions without violating the provisions of Section 409A or increasing the costs to Wendy’s/Arby’s or its affiliates of providing the applicable benefit or payment and (ii) to the extent possible, to avoid the imposition of any interest, additional tax or other penalties under Section 409A upon you or Wendy’s/Arby’s . Notwithstanding the foregoing, you shall be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on you or for your account in connection with this letter agreement (including any taxes and penalties under Section 409A), and neither Wendy’s/Arby’s nor any of its affiliates shall have any obligation to indemnify or otherwise hold you (or any beneficiary) harmless from any or all of such taxes or penalties (b)To the regulations thereunder extent you would otherwise be entitled to any payment or benefit under this letter agreement, or any plan or arrangement of Wendy’s/Arby’s or its affiliates, that constitutes a “deferral of compensation” subject to Section 409A and that if paid or provided during the six (6) months beginning on the “Code”), date of termination of your employment would be subject to the Company determines that the Awardee is Section 409A additional tax because you are a “specified employee” (within the meaning of Section 409A and as determined by Wendy’s/Arby’s), the payment or benefit will be paid or provided to you on the earlier of the first day following the six (6) month anniversary of your date of termination or your death. 12 (c)Any payment or benefit due upon a termination of your employment that represents a “deferral of compensation” within the meaning of Section 409A(a)(2)(B)(i) 409A shall be paid or provided to you only upon a “separation from service” as defined in Treas. Reg. § 1.409A-1(h). Each payment made under this letter agreement shall be deemed to be a separate payment for purposes of the Code, then Section 409A. Amounts payable under this letter agreement shall be deemed not to be a “deferral of compensation” subject to Section 409A to the extent provided in the exceptions in Treasury Regulation §§ 1.409A-1(b)(4) (“short-term deferrals”) and (b)(9) (“separation pay plans,” including the exception under subparagraph (iii)) and other applicable provisions of Treasury Regulation § 1.409A-1 through A-6. (d)Notwithstanding anything to the contrary in this letter agreement or elsewhere, any payment or benefit under this letter agreement or otherwise that is exempt from Section 409A pursuant to Treasury Regulation § 1.409A-1(b)(9)(v)(A) or (C) (relating to certain reimbursements and in-kind benefits) shall be paid or provided to you only to the extent that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to expenses are not incurred, or the 20 percent additional tax imposed pursuant to Section 409A(a) benefits are not provided, beyond the last day of the Code as a result of second calendar year following the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s calendar year in which your “separation from service, or (B) ” occurs; and provided further that such expenses are reimbursed no later than the Awardee’s death. The determination last day of whether and when a the third calendar year following the calendar year in which your “separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)service” occurs. To the extent that any expense reimbursement or the provision of this Agreement any in-kind benefit is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation be subject to Section 409A (and not exempt pursuant to the prior sentence or otherwise), the amount of the Code but do not satisfy an exemption fromany such expenses eligible for reimbursement, or the conditions ofprovision of any in-kind benefit, in one calendar year shall not affect the expenses eligible for reimbursement in any other calendar year (except for any life-time or other aggregate limitation applicable to medical expenses), and in no event shall any expenses be reimbursed after the last day of the calendar year following the calendar year in which you incurred such Sectionexpenses, and in no event shall any right to reimbursement or the provision of any in-kind benefit be subject to liquidation or exchange for another benefit. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:13 17.

Section 409A. This Award Agreement is intended to be in compliance comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amendedamended (“Section 409A”) or an available exemption therefrom. However, notwithstanding any other provision of the Plan or this Agreement, if at any time the Committee determines that the Performance Shares (or any portion thereof) may not be compliant with or exempt from Section 409A, the Committee may work in good faith with the Grantee (without any obligation to do so or to indemnify or to be responsible for damages to the Grantee or any other person for failure to do so) to adopt such amendments to the Plan or this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the regulations thereunder Committee determines are necessary or appropriate to provide for the Performance Shares to either be exempt from the application of Section 409A or comply with the requirements of Section 409A; provided, however, that nothing herein shall create any obligation on the part of the -6- Company to adopt any such amendment or take any other action. Notwithstanding anything herein to the contrary, no payment hereunder shall be made to the Grantee during the six (6)-month period following the Grantee’s “Code”separation from service” (within the meaning of Section 409A) to the extent that the Company determines that paying such amounts at the time set forth herein would be a prohibited distribution under Section 409A(a)(2)(B)(i). If the payment of any such amounts is delayed as a result of the previous sentence, then within thirty (30) days following the end of such six (6)-month period (or, if earlier, the Grantee’s death), the Company determines shall pay the Grantee the cumulative amounts that would have otherwise been payable to the Awardee is a Grantee during such period, without interest. For the avoidance of doubt, to the extent that any Performance Shares are “specified employeenonqualified deferred compensation” within the meaning of Section 409A(a)(2)(B)(i) 409A, the settlement of the Code, then Performance Shares hereunder upon a Change in Control shall only occur to the extent any payment that such Change in Control is also a “change in the ownership or benefit that effective control of a corporation, or a change in the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) ownership of a substantial portion of the Code as assets of a result of corporation” within the application meaning of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h409A(a)(2)(A)(v). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:15.

Section 409A. This Award Agreement It is intended to be in compliance with that the provisions of this Agreement comply with Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), and all provisions of this Agreement shall be construed and interpreted in a manner consistent with Section 409A of the Company determines that Code. In particular, if necessary or desirable to avoid imposition of penalties and additional taxes under Section 409A of the Awardee is Code, notwithstanding the timing of payment provided in any other section of this Agreement, the timing of any amounts payable pursuant to this Agreement shall be subject to a “specified employee” within the meaning of six-month delay in a manner consistent with Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment and you shall not be payable and entitled to interest with respect to such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from servicesix-month delay. Furthermore, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that notwithstanding any provision of this Agreement is ambiguous as to its compliance with Section 409A the contrary, in light of the Code, uncertainty surrounding the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes proper application of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability you may make necessary amendments to this Agreement for the limited purpose of, and solely to the Awardee or any other person if any provisions extent necessary to avoid the imposition of this Agreement are determined to constitute deferred compensation subject to penalties and additional taxes under, Section 409A of the Code but do not satisfy an exemption fromCode. In any case, except as provided in Section 25.b of this Agreement, you are solely responsible and liable for the satisfaction of all taxes and penalties that may arise in connection with this letter or the conditions ofAgreement (including any taxes arising under Section 409A of the Code), and the Company shall not have any obligation to indemnify or otherwise hold you harmless from any or all such Sectiontaxes. EXECUTED If the day foregoing correctly sets forth your understanding, please sign one copy of this letter and year first above writtenreturn it to the undersigned, whereupon this letter shall constitute a binding agreement between us. UFP TECHNOLOGIESVery truly yours, DREAMWORKS ANIMATION SKG, INC. By:: /s/ Xxxxxxxxx Xxxxxxxx Its: General Counsel ACCEPTED AND AGREED AS OF THE DATE FIRST ABOVE WRITTEN: /s/ Xxxx Xxxxx XXXX XXXXX

Section 409A. This Award Notwithstanding anything herein to the contrary, to the maximum extent permitted by applicable law, the settlement of the PSUs to be made to the Grantee pursuant to this Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, qualify as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employeeshort-term deferral” within the meaning of pursuant to Section 409A(a)(2)(B)(i1.409A-1(b)(4) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under Regulations and this Agreement would shall be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) interpreted consistently therewith. However, under certain circumstances, settlement of the Code as a result PSUs may not so qualify, and in that case, the Committee shall administer the grant and settlement of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made PSUs in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its strict compliance with Section 409A of the Code. Further, notwithstanding anything herein to the contrary, if at the time of a Participant’s termination of employment with the Company and all Service Recipients, the provision Participant is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of service is necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Participant) to the minimum extent necessary to satisfy Section 409A of the Code until the date that is six months and one day following the Participant’s termination of employment with the Company (or the earliest date as is permitted under Section 409A of the Code), if such payment or benefit is payable upon a termination of employment. For purposes of this Agreement, a “termination of employment” shall have the same meaning as “separation from service” under Section 409A of the Code and Grantee shall be read in such deemed to have remained employed so long as Grantee has not “separated from service” with the Company or Successor. Each payment of PSUs constitutes a manner so that all payments hereunder comply with “separate payment” for purposes of Section 409A of the Code. The parties agree Although the Company intends to administer this Performance Share Unit Agreement so that this Agreement may the Award will be amendedexempt from, as reasonably requested by either partyor will be interpreted and comply with, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes requirements of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to does not warrant that the Awardee or any other person if any provisions of Award made under this Performance Share Unit Agreement are determined to constitute deferred compensation subject to will qualify for favorable tax treatment under Section 409A of the Code but do or any other provision of federal, state, local or foreign law. The Company shall not satisfy an exemption frombe liable to the Grantee for any tax, interest, or penalties that Grantee might owe as a result of the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:Award made under this Performance Share Unit Agreement.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to To the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made interpreted and applied consistent and in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all Department of Treasury regulations and other interpretive guidance issued thereunder. Notwithstanding any provision of this Agreement to the contrary, if the Company determines that any compensation or benefits payable under this Agreement may not be either exempt from or compliant with Section 409A of the Code and related rules Department of Treasury guidance, the Company may in its sole discretion adopt such amendments to this Agreement or adopt other policies and regulations in order procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or appropriate to (i) exempt the compensation and benefits payable under this Agreement from Section 409A of the Code and/or preserve the payments intended tax treatment of such compensation and benefits provided hereunder without additional cost benefits, or (ii) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance; provided, however, that this Section 19 shall not create any obligation on the part of the Company to either partyadopt any such amendment, policy or procedure or take any such other action. Solely for To the purposes of extent permitted under Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a any separate payment. The Company makes no representation payment or warranty and shall have no liability to the Awardee or any other person if any provisions of benefit under this Agreement are determined to constitute or otherwise shall not be deemed “nonqualified deferred compensation compensation” subject to Section 409A of the Code but do not satisfy an exemption fromand the Payment Delay pursuant to Section 10 hereof to the extent provided in the exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other applicable exception or provision of Section 409A of the conditions ofCode. To the extent that any payments or reimbursements provided to Executive under this Agreement, including without limitation under Section 7 hereof, are deemed to constitute compensation to which Treasury Regulation Section 1.409A-3(i)(1)(iv) would apply, such Sectionamounts shall be paid or reimbursed to Executive reasonably promptly, but not later than December 31 of the year following the year in which the expense was incurred. EXECUTED The amount of any such payments eligible for reimbursement in one year shall not affect the day payments or expenses that are eligible for payment or reimbursement in any other taxable year, and year first above writtenExecutive’s right to such payments or reimbursement shall not be subject to liquidation or exchange for any other benefit. UFP TECHNOLOGIES, INC. By:SIGNATURE PAGE TO AGREEMENT

Section 409A. This It is intended that the Option awarded pursuant to this Award Agreement is intended to be in compliance with the provisions of exempt from Section 409A of the Internal Revenue Code (“Section 409A”) because it is believed that (i) the Exercise Price per Share may never be less than the Fair Market Value of a Share on the Grant Date and the number of Shares subject to the extent applicableOption is fixed on the original Grant Date, (ii) the Transfer or exercise of the Option is subject to taxation under Section 83 of the Code and Treasury Regulation 1.83-7, and (iii) the Option does not include any feature for the deferral of compensation other than the deferral of recognition of income until the exercise of the Option. The provisions of this Award Agreement shall be interpreted in a manner consistent with this intention. In the event that the Company believes, at any time, that any benefit or right under this Award Agreement is subject to Section 409A, then the Committee may (acting alone and without any required consent by you) amend this Award Agreement in such manner as the Committee deems necessary or appropriate to be exempt from or otherwise comply with the requirements of Section 409A (including without limitation, amending the Award Agreement to increase the Exercise Price per Share to such amount as may be required in order for the Option to be exempt from Section 409A). Notwithstanding the foregoing, the Company, its Subsidiaries and Affiliates do not make any representation to you that the Option awarded pursuant to this Award Agreement shall be exempt from or satisfy the requirements of Section 409A, and the Regulations issued thereunder. Anything Company, its Subsidiaries and Affiliates shall have no liability or other obligation to indemnify or hold harmless you or any Beneficiary, Transferee or other party for any tax, additional tax, interest or penalties that you or any Beneficiary, Transferee or other party may incur in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent event that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the CodeAgreement, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee any amendment or modification thereof or any other person if action taken with respect thereto, is deemed to violate any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:requirements of Section 409A.

Section 409A. This Award Agreement is intended to be operated in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s deathan exception thereto. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any Each provision of this Agreement is ambiguous as will be interpreted, to its compliance with Section 409A of the Codeextent possible, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order or to preserve qualify for an applicable exception to the requirements of Section 409A. The parties believe that the payments and benefits provided hereunder without additional cost due pursuant to either party. Solely Section 3, 4, and 5 are exempt from the requirements of Section 409A of the Code and that the payments and benefits due under the Non-Qualified Plans comply with Section 409A. With respect to any payments owed to you that constitute “nonqualified deferred compensation” for the purposes of Section 409A of the Code, the share increments issuable on each vesting parties agree that the “Resignation Date” shall constitute the date on Schedule A shall of your “separation from service” for purposes of Section 409A. Payments of any amounts under the Non-Qualified Plans will not be considered a separate payment. The Company makes no representation or warranty and shall have no liability made prior to the Awardee first to occur of (i) the first business day of the seventh month following your “separation from service” or (ii) the date of your death. Under no circumstances may the time or schedule of any other person if any provisions of payment made or benefit provided pursuant to this Agreement are determined be accelerated or subject to constitute deferred compensation subject further deferral except as otherwise permitted or required pursuant to Section 409A of the Code but and you do not satisfy an exemption from, have the right to make any election regarding the time or form of any payment due under this Agreement. Any reimbursement or in-kind payment provided pursuant to this Agreement or otherwise that constitutes “nonqualified deferred compensation” shall (i) be reimbursed no later than the last day of the tax year following the tax year in which the expense was incurred; (ii) not affect or be affected by any other expenses that are eligible for reimbursement in any other tax year; and (iii) not be subject to liquidation or exchange for any other benefit. Please confirm your understanding and acceptance of the above terms and conditions of, such Section. EXECUTED the day by signing and year first above written. UFP TECHNOLOGIES, INC. By:returning to us a copy of this Agreement.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code Code, as amended (the “Code”), and the regulations thereunder to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service service, within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED as of the day and year first above written. UFP TECHNOLOGIESPSYCHEMEDICS CORPORATION By: Xxxxxxx X. Xxxxxxx, INCChairman & CEO AWARDEE’S ACCEPTANCE: I have read and fully understood this Award Agreement and I accept and agree to be bound by all of the terms, conditions and restrictions contained in this Award Agreement and the other documents referenced in it. By:[name of Awardee]

Section 409A. This Xxxxxxx understands and agrees that this Award Agreement is and all payments with respect thereto are intended to comply with and/or be in compliance with the provisions of exempt from Section 409A of the Internal Revenue Code to the extent applicable(together with its implement regulations and guidance, “Section 409A”). This Agreement shall be interpreted in a manner that is consistent with such intent and the Regulations issued thereunderAward shall be operated accordingly. Anything If any provision of the Plan or any term or condition of this Award would otherwise frustrate or conflict with this intent, the provision, term or condition shall be interpreted an deemed amended so as to avoid this conflict. Notwithstanding anything in the Plan of this Agreement to the contrary notwithstandingcontrary, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is Board considers Grantee to be a “specified employee” within under Section 409A at the meaning time of Grantee’s “separation from service” (as defined in Section 409A(a)(2)(B)(i) 409A), and any amount hereunder is “deferred compensation” subject to Section 409A, any distribution of the Code, then such amount that otherwise would be made to Grantee with respect to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code Award as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment “separation from service” shall not be payable and such benefit shall not be provided made until the date that is the earlier of (A) six months and one day after the Awardee’s such “separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To ,” except to the extent that any provision earlier distribution would not result in Grantee incurring interest or additional tax under Section 409A. If the Award includes a “series of installment payments” (within the meaning of Treasury Regulations § 1.409A-2(b)(2)(iii)), Grantee’s right to such series of installment payments shall be treated as a right to a series of separate payments and not as a right to a single payment, and if the Award includes “dividend equivalents” (within the meaning of Treasury Regulations § 1.409A-3(e)), Grantee’s right to such dividend equivalents shall be treated separately from the right to other amounts under the Award. Notwithstanding the foregoing, the tax treatment of the benefits provided under the Plan or this Agreement is ambiguous as to its not warranted or guaranteed, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Grantee on account of non-compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This To the extent that the Administrator determines that any Award granted under the Plan is subject to Section 409A, the Plan, the Program pursuant to which such Award is granted and the Award Agreement is intended to be in compliance with evidencing such Award shall incorporate the provisions of terms and conditions required by Section 409A of the Internal Revenue Code 409A. In that regard, to the extent applicableany Award under the Plan or any other compensatory plan or arrangement of the Company or any of its Subsidiaries is subject to Section 409A, and the Regulations issued thereunder. Anything in this Agreement such Award or other amount is payable on account of a Holder’s Termination of Service (or any similarly defined term), then (a) such Award or amount shall only be paid to the contrary notwithstanding, if at the time extent such Termination of the Awardee’s Service qualifies as a “separation from service within the meaning of service” as defined in Section 409A of the Internal Revenue Code of 1986, as amended409A, and the regulations thereunder (the “Code”), the Company determines that the Awardee b) if such Award or amount is payable to a “specified employee” within the meaning of as defined in Section 409A(a)(2)(B)(i) of the Code, 409A then to the extent any payment or benefit that the Awardee becomes entitled required in order to avoid a prohibited distribution under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code409A, such Award or other compensatory payment shall not be payable and such benefit shall not be provided until the date that is prior to the earlier of (i) the expiration of the six-month period measured from the date of the Holder’s Termination of Service, or (ii) the date of the Holder’s death. To the extent applicable, the Plan, the Program and any Award Agreements shall be interpreted in accordance with Section 409A. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Administrator determines that any Award may be subject to Section 409A, the Administrator may (but is not obligated to), without a Holder’s consent, adopt such amendments to the Plan and the applicable Program and Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (A) six months and one day after exempt the Awardee’s separation Award from serviceSection 409A and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance comply with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes requirements of Section 409A and thereby avoid the application of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. any penalty taxes under Section 409A. The Company makes no representation representations or warranty warranties as to the tax treatment of any Award under Section 409A or otherwise. The Company shall have no obligation under this Section 12.10 or otherwise to take any action (whether or not described herein) to avoid the imposition of taxes, penalties or interest under Section 409A with respect to any Award and shall have no liability to the Awardee any Holder or any other person if any provisions of this Agreement Award, compensation or other benefits under the Plan are determined to constitute non-compliant, “nonqualified deferred compensation compensation” subject to the imposition of taxes, penalties and/or interest under Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:: ________________________________ Xxxxxx X. Xxxxxxxx Chief Financial Officer

Section 409A. This To the extent that the Administrator determines that any Award granted under the Plan is subject to Section 409A, the Plan, the Program pursuant to which such Award is granted and the Award Agreement is intended to be in compliance with evidencing such Award shall incorporate the provisions of terms and conditions required by Section 409A of the Internal Revenue Code 409A. In that regard, to the extent applicableany Award under the Plan or any other compensatory plan or arrangement of the Company or any of its Subsidiaries is subject to Section 409A, and the Regulations issued thereunder. Anything in this Agreement such Award or other amount is payable on account of a Participant’s Termination of Service (or any similarly defined term), then (a) such Award or amount shall only be paid to the contrary notwithstanding, if at the time extent such Termination of the Awardee’s Service qualifies as a “separation from service within the meaning of service” as defined in Section 409A of the Internal Revenue Code of 1986, as amended409A, and the regulations thereunder (the “Code”), the Company determines that the Awardee b) if such Award or amount is payable to a “specified employee” within the meaning of as defined in Section 409A(a)(2)(B)(i) of the Code, 409A then to the extent any payment or benefit that the Awardee becomes entitled required in order to avoid a prohibited distribution under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code409A, such Award or other compensatory payment shall not be payable and such benefit shall not be provided until the date that is prior to the earlier of (i) the expiration of the six-month period measured from the date of the Participant’s Termination of Service, or (ii) the date of the Participant’s death. To the extent applicable, the Plan, the Program and any Award Agreements shall be interpreted in accordance with Section 409A. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Administrator determines that any Award may be subject to Section 409A, the Administrator may (but is not obligated to), without a Holder’s consent, adopt such amendments to the Plan and the applicable Program and Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (A) six months and one day after exempt the Awardee’s separation Award from serviceSection 409A and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance comply with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes requirements of Section 409A and thereby avoid the application of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. any penalty taxes under Section 409A. The Company makes no representation representations or warranty warranties as to the tax treatment of any Award under Section 409A or otherwise. The Company shall have no obligation under this Section 12.10 or otherwise to take any action (whether or not described herein) to avoid the imposition of taxes, penalties or interest under Section 409A with respect to any Award and shall have no liability to the Awardee any Holder or any other person if any provisions of this Agreement Award, compensation or other benefits under the Plan are determined to constitute non-compliant, “nonqualified deferred compensation compensation” subject to the imposition of taxes, penalties and/or interest under Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”)service, the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), then to the extent and if any payment or benefit that the Awardee Executive becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent interest and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, then no such payment shall not be payable and such benefit shall not be provided until prior to the date that is the earlier of (A1) six months and one day after the AwardeeExecutive’s separation from service, or (B2) the AwardeeExecutive’s death. The determination If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of whether this provision, and when a separation from service has occurred the balance of the installments shall be made payable in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)their original schedule. To the extent The parties intend that any provision of this Agreement is ambiguous as to its compliance will be administered in accordance with Section 409A of the Code; provided, the provision however, that each payment under this Agreement shall be read in such treated as a manner so that separate payment and all payments hereunder comply with under this Agreement shall be treated as exempt from Section 409A of the CodeCode to the maximum extent permissible after using the exemption for short-term deferrals, then the exemption for bona fide severance arrangements, and then additional exemptions. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:: ______________________________

Section 409A. This Award Agreement is intended to be in compliance comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, amended and the regulations thereunder (“Section 409A”) or an available exemption therefrom. However, notwithstanding any other provision of the Plan or this Agreement, if at any time the Committee determines that the Performance Shares (or any portion thereof) may not be compliant with or exempt from Section 409A, the Committee may work in good faith with the Grantee (without any obligation to do so or to indemnify or to be responsible for damages to the Grantee or any other person for failure to do so) to adopt such amendments to the Plan or this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the Committee determines are necessary or appropriate to provide for the Performance Shares to either be exempt from the application of Section 409A or comply with the requirements of Section 409A; provided, however, that nothing herein shall create any obligation on the part of the Company to adopt any such amendment or take any other action. Notwithstanding anything herein to the contrary, no payment hereunder shall be made to the Grantee during the six (6)-month period following the Grantee’s “Code”separation from service” (within the meaning of Section 409A) to the extent that the Company determines that paying such amounts at the time set forth herein would be a prohibited distribution under Section 409A(a)(2)(B)(i). If the payment of any such amounts is delayed as a result of the previous sentence, then within thirty (30) days following the end of such six (6)-month period (or, if earlier, the Grantee’s death), the Company determines shall pay the Grantee the cumulative amounts that would have otherwise been payable to the Awardee is a Grantee during such period, without interest. For the avoidance of doubt, to the extent that any Performance Shares are “specified employeenonqualified deferred compensation” within the meaning of Section 409A(a)(2)(B)(i) 409A, the settlement of the Code, then Performance Shares hereunder upon a Change in Control shall only occur to the extent any payment that such Change in Control is also a “change in the ownership or benefit that effective control of a corporation, or a change in the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) ownership of a substantial portion of the Code as assets of a result of corporation” within the application meaning of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h409A(a)(2)(A)(v). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in The parties intend that this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of will be administered in accordance with Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either a party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either any party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company LMAT makes no representation or warranty and shall have no liability to the Awardee Xxxxxxx or any other person if any provisions of this Agreement agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED All in-kind benefits provided and expenses eligible for reimbursement under this Agreement shall be provided by LMAT or incurred by Xxxxxxx during the time periods set forth in this Agreement. All reimbursements shall be paid as soon as administratively practicable, but in no event shall any reimbursement be paid after the last day and of the taxable year first above writtenfollowing the taxable year in which the expense was incurred. UFP TECHNOLOGIES, INCThe amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expenses eligible for reimbursement in any other taxable year. By:Such right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.

Section 409A. This Award Agreement is To the extent applicable, this Plan and all Awards granted hereunder are intended to be in compliance comply with the provisions of Section 409A of the Internal Revenue Code and will be interpreted in a manner intended to comply with Section 409A of the Code. References under the Plan or an Award to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement Participant’s termination of Employment shall be deemed to refer to the contrary notwithstanding, if at date upon which the time of the Awardee’s Participant has experienced a “separation from service service” within the meaning of Section 409A of the Internal Revenue Code Code. Notwithstanding anything herein to the contrary, (i) if at the time of 1986, as amended, and the regulations thereunder (Participant’s separation from service with any Service Recipient the “Code”), the Company determines that the Awardee Participant is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made defined in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, and the provision shall be read in such a manner so that all payments hereunder comply with Section 409A deferral of the Code. The parties agree that this Agreement may be amended, commencement of any payments or benefits otherwise payable hereunder as reasonably requested by either party, and as may be a result of such separation from service is necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve prevent the payments and benefits provided hereunder without imposition of any accelerated or additional cost to either party. Solely for the purposes of tax under Section 409A of the Code, then the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation will defer the commencement of the payment of any such payments or warranty and shall have no liability benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Awardee or any other person if any provisions of this Agreement are determined Participant) to constitute deferred compensation subject the minimum extent necessary to satisfy Section 409A of the Code but do not satisfy until the date that is six months and one day following the Participant’s separation from service with all Service Recipients (or the earliest date as is permitted under Section 409A of the Code), if such payment or benefit is payable upon a termination of Employment and (ii) if any other payments of money or other benefits due to the Participant hereunder would cause the application of an exemption fromaccelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred, if deferral will make such payments or other benefits compliant under Section 409A of the Code, or otherwise such payments or other benefits shall be restructured, to the conditions ofminimum extent necessary, in a manner, reasonably determined by the Board, that does not cause such Section. EXECUTED an accelerated or additional tax or result in an additional cost to the day and year first above written. UFP TECHNOLOGIES, INC. By:Company (without any reduction in such payments or benefits ultimately paid or provided to the Participant).

Section 409A. This Award It is the intention of the Parties that the benefits and rights to which Executive could be entitled pursuant to this Agreement be exempt from or comply with Section 409A, and the provisions of this Agreement shall be construed in a manner consistent with that intent and the requirements for avoiding taxes or penalties under Section 409A. If either Party believes, at any time, that any such benefit or right that is intended subject to be Section 409A does not so comply, it shall promptly advise the other Party and both Parties shall negotiate reasonably and in good faith to amend or clarify the terms of such benefits and rights such that they do not violate Section 409A (with the intent and effect of avoiding any adverse economic effect for Executive). No Party, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A of shall be paid prior to the Internal Revenue Code earliest date on which it may be paid without violating Section 409A. If and to the extent applicablerequired to comply with Section 409A, and the Regulations issued thereunder. Anything in no payment or benefit required to be paid under this Agreement to the contrary notwithstanding, if at the time on account of the Awardeetermination of Executive’s separation employment shall be made unless and until Executive incurs a “Separation from service Service” within the meaning of Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment,” “separation from service” or like terms shall mean Separation from Service. For purposes of applying the Internal Revenue Code provisions of 1986Section 409A to this Agreement, as amended161917648v1 each amount to be paid or benefit to be provided to Executive pursuant to this Agreement, and the regulations thereunder (each individual installment in a series of payments, shall be construed as a separate identified payment for purposes of Section 409A, and any payments described in this Agreement that are due within the “Code”), the Company determines that the Awardee is a “specified employeeshort term deferral period” within the meaning of as defined in Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment 409A shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)treated as deferred compensation unless applicable law requires otherwise. To the extent that they are subject to Section 409A, amounts reimbursable to Executive shall be paid to Executive on or before the last day of the year following the year in which the expense was incurred and the amount of expenses eligible for reimbursement (and in-kind benefits provided to Executive) during one year may not affect amounts reimbursable or provided in any provision of this Agreement is ambiguous subsequent year. Notwithstanding the foregoing, the Bank makes no guarantee as to its the treatment of payments and benefits hereunder under Section 409A, and Executive shall be solely responsible for the payment of any taxes, penalties, interest or other expenses incurred by Executive on account of non-compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.

Section 409A. This Award Agreement is intended to be in compliance comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amendedamended (“Section 409A”) or an available exemption therefrom. However, notwithstanding any other provision of the Plan or this Agreement, if at any time the Committee determines that the Performance Shares (or any portion thereof) may not be compliant with or exempt from Section 409A, the Committee may work in good faith with the Grantee (without any obligation to do so or to indemnify or to be responsible for damages to the Grantee or any other person for failure to do so) to adopt such amendments to the Plan or this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the regulations thereunder Committee determines are necessary or appropriate to provide for the Performance Shares to either be exempt from the application of Section 409A or comply with the requirements of Section 409A; provided, however, that nothing herein shall create any obligation on the part of the -6- Company to adopt any such amendment or take any other action. Notwithstanding anything herein to the contrary, no payment hereunder shall be made to the Grantee during the six (6)-month period following the Grantee’s “Code”separation from service” (within the meaning of Section 409A) to the extent that the Company determines that paying such amounts at the time set forth herein would be a prohibited distribution under Section 409A(a)(2)(B)(i). If the payment of any such amounts is delayed as a result of the previous sentence, then within thirty (30) days following the end of such six (6)-month period (or, if earlier, the Grantee’s death), the Company determines shall pay the Grantee the cumulative amounts that would have otherwise been payable to the Awardee is a Grantee during such period, without interest. For the avoidance of doubt, to the extent that any Performance Shares are “specified employeenonqualified deferred compensation” within the meaning of Section 409A(a)(2)(B)(i) 409A, the settlement of the Code, then Performance Shares hereunder upon a Change in Control shall only occur to the extent any payment that such Change in Control is also a “change in the ownership or benefit that effective control of a corporation, or a change in the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) ownership of a substantial portion of the Code as assets of a result of corporation” within the application meaning of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h409A(a)(2)(A)(v). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from service, or (B) the AwardeeExecutive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. To the extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Executive’s termination of employment, then such payments or benefits shall be payable only upon the Executive’s “separation from service.” The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h1.409A-l(h). The parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b )(2). The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate paymenthereunder. The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:18.

Section 409A. This Award Agreement is intended to be in compliance and any payment, distribution or other benefit hereunder shall comply with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes requirements of Section 409A of the Code, as well as any related regulations or other guidance promulgated by the share increments issuable on each vesting date on Schedule A U.S. Department of the Treasury or the Internal Revenue Service ("Section 409A"), to the extent applicable. Notwithstanding anything to the contrary, to the extent Employee is a "specified employee" under Section 409A, no payment, distribution or other benefit described in this Agreement constituting a distribution of deferred compensation (within the meaning of Treasury Regulation Section 1.409A-1(b)) to be paid during the six-month period following a separation from service (within the meaning of Treasury Regulation Section I.409A-1(h)) will be made during such six-month period. Instead, any such deferred compensation shall be considered paid on the first business day following the six-month anniversary of the separation from service. In no event may Employee, directly or indirectly, designate the calendar year of a separate payment and, for the avoidance of doubt, any payment that is conditioned upon the Employee’s execution and non-revocation of a release of claims and for which the consideration period spans two taxable years, shall be paid in the later of the two taxable years. Any provision that would cause this Agreement or any payment. The Company makes no representation , distribution or warranty and other benefit to fail to satisfy the requirements of Section 409A shall have no liability force or effect and, to the Awardee or any other person if any provisions extent an amendment would be effective for purposes of Section 409A, the parties agree to such amendment as needed to comply with Section 409A and that such amendment shall be retroactive to the extent permitted by Section 409A. Notwithstanding anything to the contrary, for purposes of this Agreement, Employee shall not be deemed to have terminated employment unless and until a separation from service (within the meaning of Treasury Regulation Section 1.409A-1(h)) has occurred. Notwithstanding anything to the contrary, all reimbursements and in-kind benefits provided under this Agreement are determined shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during the time period specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement. or in-kind benefits to constitute deferred compensation be provided, in any’ other calendar year, (iii) the reimbursement of an eligible expense will be made not later than the last day of the Employee’s taxable year following the taxable year in which such expense was incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to Section 409A of the Code but do not satisfy an exemption from, liquidation or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:exchange for another benefit.

Section 409A. This Award Agreement is intended to be in compliance comply with the provisions of Section 409A of the Internal Revenue Code Code, and its corresponding regulations, or an exemption thereto, and payments may only be made under this Agreement upon an event and in a manner permitted by Section 409A of the Code, to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. Severance benefits under this Agreement are intended to be exempt from Section 409A of the Code under the “short-term deferral” exception, to the maximum extent applicable, and then under the “separation pay” exception, to the maximum extent applicable. All payments to be made upon a termination of employment under this Agreement may only be made upon a “separation from service” to the extent required under Section 409A of the Code. For purposes of Section 409A of the Code, each payment hereunder shall be treated as a separate payment, and the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments. In no event may you, directly or indirectly, designate the calendar year of a payment. Notwithstanding any provision of this Agreement to the contrary, in no event shall the timing of your execution of this Agreement or Exhibit C, directly or indirectly, result in your designating the calendar year of payment of any amounts of deferred compensation subject to Section 409A of the Code. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A of the Code. The parties Parties agree that this Agreement may be amended, as reasonably requested by either party, Party and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to as mutually agreed-upon by the Parties. The Parties intend that any such amendment will preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the CodeParty, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Sectionextent practicable. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:DB1/ 135647213.11

Section 409A. This Award Agreement is intended to be in compliance with the provisions For purposes of Section 409A of the Internal Revenue Code Section 409A. the regulations and other guidance thereunder and any state law of similar effect (collectively "Section 409A"), each payment that is paid pursuant to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement is hereby designated as a separate payment. For purposes of this Agreement, any reference to the contrary notwithstanding, if at the time "termination" or "termination of the Awardee’s employment" or any similar term shall be construed to mean a "separation from service service'' within the meaning of Section 409A. The parties intend that all payments made or to be made under this Agreement comply with, or are exempt from. the requirements of Section 409A so that none of the Internal Revenue Code of 1986, as amendedpayments or benefits will be subject to the adverse tax penalties imposed under Section 409A, and any ambiguities herein will be interpreted to so comply or be so exempt. Notwithstanding the regulations thereunder foregoing, if any of the payments provided in connection with Consultant's separation from service do not qualify for any reason to be exempt from Section 409A and Consultant is, at the time of Consultant's separation from service, a "specified employee," as defined in Treasury Regulation Section 1.409A-l(i) (the “Code”i.e., Consultant is a "key employee" of a publicly traded company), each such payment will not be made until the Company determines first regularly scheduled payroll date of the 7th month after Consultant's separation from service and, on such date (or, if earlier, the date of Consultant's death), Consultant will receive all payments that would have been paid during such period in a single lump sum. In addition, notwithstanding any other provision herein to the Awardee is a “specified employee” contrary, to the extent that any reimbursements or in-kind benefits under this Agreement or otherwise constitute non-exempt "nonqualified deferred compensation" within the meaning of Section 409A(a)(2)(B)(i409A, then any such payments. reimbursements and/or benefits (i) shall be paid or reimbursed promptly but no later than December 31st of the Codecalendar year following the year in which the expense was incurred by Consultant, then (ii) shall not in any way affect the expenses eligible for reimbursement or in-kind benefits to the extent be provided in any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(aother calendar year, and (iii) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, liquidation or the conditions of, such Sectionexchange for another benefit. EXECUTED the day and year first above written. UFP TECHNOLOGIESCOMPANY: NOCIMED, INC. By:: /s/ Xxxxx X. Xxxx Xxxxx X. Xxxx Chairman of the Board Address: XXXXX, XX Email: xxxxxxxx@xxxxxxx.xxx CONSULTANT: By: /s/ Xxxxxxx Xxxxxxxx, MD (Signature) Xxxxxxx Xxxxxxxx, MD PRINT NAME Address: XXXXX, XX Email: xxxx@xxxxxxxx.xxx EXHIBIT A DESCRIPTION OF CONSULTING SERVICES Consultant is authorized to sign and deliver any agreement in the name of the Company and to otherwise obligate the Company in any respect relating to matters of the business of the Company, and to delegate such authority in his or her discretion, provided only to the extent of such specific matters delegated in writing to the Executive Director by the Company's Board of Directors and which specific matters shall initially include the following: Prior to a consummation of the IPO, Consultant shall represent the Company in planning and conducting the IPO, and which shall include to interact with partners, vendors, & employees, and to manage and direct the Company's preparation of information and materials, and to provide personal services and conduct promotional activities, as such foregoing activities may be necessary and required under such IPO-related engagement and process; provided, however, that any and all final terms of engagement with any underwriter or similar outside party on Company's behalf in relation to the IPO, and/or final decisions related to formally filing for and entering the IPO, and/or actually conducting and consummating the IPO, must be approved by the Company's Board of Directors. EXHIBIT B COMPENSATION Cash Compensation: · $25.000 per month, commencing as of March 1, 2021 (the "Monthly Fee"). · Accrued monthly (and pro-rated for any partial month) prior to the IPO. · Accrued amounts payable within 10 days following the consummation of the IPO (provided Consultant is still providing services at IPO effectiveness). Equity Compensation: · Stock option grant under the Company's equity incentive plan. · Grant for 9,000,000 common shares total. · The stock option grant will be subject to the terms and conditions set forth in the Company's equity incentive plan. · Stock option grant shall provide for a net or cashless exercise. · Grant will be made promptly after the execution date of this Agreement. · Exercise price per common share will be equal to the 409A fair market value as of the date of grant. · The number of option grant shares and the per share exercise price of the stock option grant shall be proportionately adjusted in the event of a stock split, reverse stock split, stock dividend, combination, consolidation, reclassification of the shares of the Company's Common Stock or subdivision of the shares of the Company's Common Stock. · Ten year stock option term. · Vesting: o The stock option shall vest (in whole or in part) upon consummation of the IPO based upon the Company Valuation reflected in the terms of the IPO. o Any portion of the stock option that does not vest pursuant to the terms of the IPO shall be cancelled. o The number of shares that vest upon an IPO shall equal: (i) 0.1667, times (ii) the Company Valuation, divided by (iii) the Share Price. o Illustration #1: The Company completes the IPO where the Pre-Transaction Shares are 15 million, and the Share Price is $5. The Company Valuation would be $75 million. 2,500,500 stock option grant shares would vest and 6,499,500 stock option grant shares would be cancelled. o Illustration #2: The Company completes the IPO where the Pre-Transaction Shares are 20 million, and the Share Price is $5. The Company Valuation would be capped at the maximum 90 million. 3,000,600 stock option grant shares would vest and 5,999,400 stock option grant shares would be cancelled. o Illustration #3: Prior to the IPO, the Company completes a 3-into-1 reverse stock split. The stock option grant is ratably adjusted into a grant for 3 million shares (9 million divided by 3) with a per share exercise price of 0.78 ($0.26 grant date 409A price times three). The Company then completes the IPO where the Pre-Transaction Shares are 12 million, and the Share Price is $5. The Company Valuation would be $60 million. 2,000,400 stock option grant shares would vest and 996,000 stock option grant shares would be cancelled.

Section 409A. This RSU Award Agreement is intended to be in compliance comply with the provisions requirements of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986Code, as amended, and the regulations thereunder amended (the “Code”), the Company determines that the Awardee is a “specified employee” within the meaning shall be construed and administered consistent with such intention. A termination of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to employment under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment RSU Award shall not be payable and deemed to have occurred unless such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s termination constitutes a “separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with ” under Section 409A of the CodeCode and, the provision shall be read in such case, references to a manner so that all payments hereunder comply with termination of employment shall mean “separation from service.” A Disability under Section 3(b)(1) must constitute a “disability” under Section 409A of the Code. The parties agree that To the extent this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A RSU Award constitutes a deferral of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption fromand if there is a change in the time of payment upon a Change in Control, then, solely for purposes of applying such change in the time of payment, a Change in Control shall be deemed to have occurred only if the event would also constitute a change in ownership or effective control of, or a change in ownership of a substantial portion of the conditions assets of, the Company under Section 409A of the Code. XXXXXX MEDICAL GROUP N.V. 2017 EQUITY AND INCENTIVE PLAN ADDENDUM TO THE TERMS AND CONDITIONS In addition to the provisions of the Xxxxxx Medical Group N.V. 2017 Equity and Incentive Plan, as such Sectionplan may be amended from time to time (the “Plan”), and the Restricted Stock Unit Award Agreement (the “Award Agreement”), the RSU Award is subject to the following additional terms and conditions as set forth in this addendum to the Terms and Conditions to the extent Grantee resides and/or is employed in one of the countries addressed herein (the “Addendum”). EXECUTED All defined terms as contained in this Addendum shall have the day same meaning as set forth in the Plan and year first above writtenthe Award Agreement. UFP TECHNOLOGIESTo the extent Grantee transfers residence and/or employment to another country, INC. By:the special terms and conditions for such country as reflected in this Addendum (if any) will apply to Grantee to the extent the Company determines, in its discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local laws, rules and regulations, or to facilitate the operation and administration of the RSU Award and the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate Grantee’s transfer).

Section 409A. This Award Notwithstanding anything to the contrary in Section 9 hereof, and to the maximum extent permitted by law, this Agreement is intended shall be interpreted in such a manner that all payments to be in compliance with the provisions of Executive under this Agreement are either exempt from, or comply with, Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and other interpretive guidance issued thereunder (the collectively, “CodeSection 409A”), including without limitation any such regulations or other guidance that may be issued after the Company determines CEO Employment Date. It is intended that payments under this Agreement will be exempt from Section 409A, including the Awardee is a “specified employee” within exceptions for short-term deferrals, separation pay arrangements, reimbursements, and in-kind distributions, so as not to subject the meaning Executive to payment of interest or any additional tax under Section 409A(a)(2)(B)(i) of the Code, then to 409A. To the extent any payment reimbursements or in-kind benefit that the Awardee becomes entitled to payments under this Agreement would be considered deferred compensation are subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code409A, such payment shall not be payable reimbursements and such in-kind benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred payments shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h§1.409A-3(i)(1)(iv) (or any similar or successor provisions). To In furtherance thereof, if the provision of any reimbursement or in-kind benefit payment hereunder that is subject to Section 409A at the time specified herein would subject such amount to any additional tax under Section 409A, the provision of such reimbursement or in-kind benefit payment shall be postponed to the earliest commencement date on which the provision of such amount could be made without incurring such additional tax. In addition, to the extent that any provision regulations or other guidance issued under Section 409A (after application of the previous provisions of this Agreement is ambiguous as Section 15) would result in the Executive’s being subject to its compliance with the payment of interest or any additional tax under Section 409A of the Code409A, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of parties agree, to the Code. The parties agree that extent reasonably possible, to amend this Agreement may be amended, as reasonably requested by either party, and as may be to the extent necessary to fully comply with Section 409A of the Code and all related rules and regulations (including retroactively) in order to preserve avoid the payments imposition of any such interest or additional tax under Section 409A, which amendment shall have the minimum economic effect necessary and be reasonably determined in good faith by the Corporation and the Executive. Executive acknowledges and agrees that the Corporation has made no representation to Executive as to the tax treatment of the compensation and benefits provided hereunder without additional cost pursuant to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined and that Executive is solely responsible for all taxes due with respect to constitute deferred such compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:benefits.

Section 409A. This Award Agreement is intended In order to be in ensure compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder (the “CodeSection 409A”), the Company determines provisions of this Section 16 will in all cases govern over any contrary or conflicting provision in this Agreement. It is the intent of this Agreement to comply with the requirements of Section 409A. This Agreement and any ambiguities in this Agreement will be interpreted and administered to comply with these requirements. The parties intend that no payment pursuant to this Agreement shall give rise to any adverse tax consequences to either party pursuant to Section 409A; however, Lxxxxxxxxx acknowledges that Axxxx’s does not guarantee any particular tax treatment and that he is solely responsible for any taxes owed as a result of this Agreement. Consistent with the Awardee requirements of Section 409A, to the extent that any reimbursement or in-kind benefit provided to Lxxxxxxxxx under Section 2 is taxable, unless stated otherwise – (i) reimbursements and in-kind benefits will be provided only for the periods expressly provided in Section 2; (ii) the expenses eligible for reimbursement or the in-kind benefits provided in any given calendar year will not affect the expenses eligible for reimbursement or the in-kind benefits provided in any other calendar year; (iii) the reimbursement of an eligible expense must be made no later than the last day of the calendar year following the calendar year in which the expense was incurred; and (iv) the right to reimbursements or in-kind benefits cannot be liquidated or exchanged for any other benefit. With respect to payments payable under Section 2, each such payment is a “specified employee” separate payment within the meaning of the final regulations under Section 409A(a)(2)(B)(i) 409A. Each such payment that is made on or prior to March 15, 2013 is intended to be exempt from Section 409A as a short-term deferral within the meaning of the Codefinal regulations under Section 409A (and, then to the extent any payment or benefit that the Awardee becomes entitled to under this Agreement would be considered deferred compensation thus, is not subject to the 20 percent additional tax imposed pursuant to a six-month delay under Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h409A). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Notwithstanding anything to the contrary set forth herein, this Agreement shall be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid or provided in a manner that is intended to be in compliance either exempt from or compliant with the provisions requirements of Section 409A of the Code ("Section 409A") and applicable Internal Revenue Code to the extent applicable, Service guidance and the Treasury Regulations issued thereunder. Anything in For purposes of Section 409A, Executive's right to receive installment payments pursuant to this Agreement agreement shall be treated as a right to receive a series of separate and distinct payments. Nevertheless, the contrary notwithstanding, if at the time tax treatment of the Awardee’s separation from service benefits provided under the Agreement is not warranted or guaranteed. In the event that the Executive is a "specified employee" within the meaning of Section 409A 409A, payments under Section 9(b) of this Agreement shall not commence or be made until the first day of the Internal Revenue Code seventh month following the Termination Date, or shall be otherwise modified, but only to the minimum extent necessary to avoid the imposition of 1986the additional twenty percent (20%) tax imposed under Section 409A; provided, as amendedhowever, and that any such modification shall preserve, to the regulations thereunder (the “Code”)maximum extent possible in a Section 409A compliant manner, the Company determines that the Awardee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) original intent of the Codeparties to this Agreement. In addition, then to the extent any payment parties hereby agree that it is their intention that all payments or benefit that the Awardee becomes entitled to benefits provided under this Agreement would are exempt from or comply with Section 409A, and this Agreement shall be considered deferred compensation subject interpreted accordingly. The Executive is advised to the 20 percent additional seek independent advice from his tax imposed pursuant advisor(s) with respect to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of 409A to any payments or benefits under this Agreement. Notwithstanding the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Codeforegoing, the provision shall be read in such a manner so that all Company does not guarantee the tax treatment of any payments hereunder comply with Section 409A of the Code. The parties agree that or benefits under this Agreement may be amendedAgreement, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of including without limitation under the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Codeor other federal, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation state or warranty and shall have no liability to the Awardee or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:local.

Section 409A. This Award Agreement shall be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid or provided in a manner that is intended to be in compliance either exempt from or compliant with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the Awardee’s separation from service within the meaning of requirements Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder amended (the “Code”), and applicable Treasury Regulations issued thereunder. The Parties hereto acknowledge and agree that, to the Company determines that extent applicable, this Agreement shall be interpreted in accordance with, and incorporate the Awardee is a “specified employee” within the meaning of terms and conditions required by, Section 409A(a)(2)(B)(i) 409A of the Code, then to the extent any payment or benefit that the Awardee becomes entitled to under . No provision of this Agreement would shall be considered deferred compensation subject interpreted or construed to transfer any liability for failure to comply with the 20 percent additional tax imposed pursuant to requirements of Section 409A(a) 409A of the Code as a result from you or any other individual to the Company or any of the application of Section 409A(a)(2)(B)(i) of the Codeits affiliates, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the Awardee’s separation from service, employees or (B) the Awardee’s death. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)agents. To the extent that any provision of this Agreement is ambiguous as to its compliance with permitted under Section 409A of the Code, any separate payment or benefit under this Agreement or otherwise shall not be deemed “nonqualified deferred compensation” subject to Section 409A to the extent provided in the exceptions in Treasury Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other applicable exception or provision shall be read in such a manner so that all payments hereunder comply with of Section 409A of the Code. The parties agree that Notwithstanding anything to the contrary in this Agreement may Agreement, no compensation or benefits shall be amended, as reasonably requested by either party, and as may be necessary paid to fully comply with Section 409A of you during the Code and all related rules and regulations in order to preserve six (6)-month period following your “separation from service” from the payments and benefits provided hereunder without additional cost to either party. Solely for Company (within the purposes meaning of Section 409A of the Code, a ”Separation from Service”) if the share increments issuable on each vesting date on Schedule A shall be considered Company determines that at the time of your Separation from Service that you are a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee or any other person if any provisions “specified employee” for purposes of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption fromand paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day of the seventh month following the date of Separation from Service (or such earlier date upon which such amount can be paid under Section 409A of the conditions ofCode without resulting in a prohibited distribution, including as a result of your death), the Company shall pay you a lump-sum amount equal to the cumulative amount that would have otherwise been payable to you during such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:period.

Section 409A. This Award No payment that may be made pursuant to this Agreement is intended to be in compliance with that constitutes “nonqualified deferred compensation” within the provisions meaning of Section 409A of the Internal Revenue Code may be accelerated or deferred by the Company or the Executive. Notwithstanding anything herein (or in any other agreement or arrangement between the Executive and the Company) to the extent applicablecontrary, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from service, or (B) the AwardeeExecutive’s death. The determination of whether and when a separation from service has occurred shall parties intend that this Agreement will be made administered in accordance with Section 409A of the presumptions set forth in Treasury Regulation Section 1.409A-1(h)Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes The determination of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A whether and when a separation from service has occurred shall be considered a separate paymentmade in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any payments under the Change of Control Plan or under provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award Agreement is intended to be in compliance with the provisions of Section 409A of the Internal Revenue Code to the extent applicable, and the Regulations issued thereunder. Anything in this Agreement to the contrary notwithstanding, if at the time of the AwardeeExecutive’s separation from service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (the “Code”), the Company determines that the Awardee Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Awardee Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from service, or (B) the AwardeeExecutive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. To the extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Executive’s termination of employment, then such payments or benefits shall be payable only upon the Executive’s “separation from service”. The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate payment. The Company makes no representation or warranty and shall have no liability to the Awardee Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:.

Section 409A. This Award All benefits under this Agreement is are intended to be in compliance with qualify for an exemption from the provisions application of Section 409A of the Internal Revenue Code and the regulations and other guidance thereunder and any state law of similar effect (collectively “Section 409A”), and this Agreement will be construed to the greatest extent possible as consistent with those provisions, and to the extent applicableno so exempt, this Agreement (and any definitions hereunder) will be construed in a manner that complies with Section 409A, and any ambiguities herein shall be interpreted accordingly. Notwithstanding anything to the Regulations issued thereunder. Anything contrary set forth herein, severance benefits shall not commence in connection with the Executive’s termination of employment unless and until the Executive has also incurred a “separation from service” (as such term is defined in Treasury Regulation Section 1.409A-1(h)) (“Separation From Service”), unless the Company reasonably determines that such amounts may be provided to the Executive without causing the Executive to incur adverse tax consequences under Section 409A. It is intended that each installment of the severance benefit payments provided for in this Agreement is a separate “payment” for purposes of Treasury Regulation Section 1.409A-2(b)(2)(i). For the avoidance of doubt, it is intended that payments of the severance benefits set forth in this Agreement satisfy, to the contrary notwithstandinggreatest extent possible, if at the time of exemptions from the Awardee’s separation from service within the meaning application of Section 409A of provided under Treasury Regulation Sections 1.409A-1(b)(4) and 1.409A-1(b)(9). However, if the Internal Revenue Code of 1986Company (or, as amended, and the regulations thereunder (the “Code”)if applicable, the Company successor entity thereto) determines that the Awardee is severance benefits constitute “deferred compensation” under Section 409A and the Executive is, on the termination of service, a “specified employee” within of the meaning of Company or any successor entity thereto, as such term is defined in Section 409A(a)(2)(B)(i) of the Code, then then, solely to the extent any payment or benefit that necessary to avoid the Awardee becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) incurrence of the Code as a result adverse personal tax consequences under Section 409A, the timing of the application of Section 409A(a)(2)(B)(iseverance benefit payments shall be delayed until the earlier to occur of: (i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and one day after the AwardeeExecutive’s separation from serviceSeparation From Service, or (Bii) the Awardeedate of the Executive’s death. The determination None of whether the severance benefits will be paid or otherwise delivered prior to the effective date of the Release. If the severance benefits are not covered by one or more exemptions from the application of Section 409A and when the Release could become effective in the Executive’s taxable year following the Executive’s taxable year in which Executive's Separation from Service occurs, the Release will not be deemed effective, for purposes of payment of severance, any earlier than the first day of the taxable year following the taxable year in which the Separation From Service occurred. Except to the minimum extent that payments must be delayed because Executive is a separation from service has occurred shall “specified employee” or until the effectiveness of the Release, all amounts will be made paid as soon as practicable in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h)Company’s normal payroll practices. To the extent that any provision of reimbursements payable to Executive under this Agreement are subject to the provisions of Section 409A: (a) to be eligible to obtain reimbursement for such expenses, Executive must submit expense reports within forty-five (45) days after the expense is ambiguous as to its compliance with Section 409A incurred, (b) any such reimbursements will be paid no later than December 31 of the Codeyear following the year in which the expense was incurred, (c) the provision shall be read amount of expenses reimbursed in such a manner so that all payments hereunder comply with Section 409A of one year will not affect the Code. The parties agree that this Agreement may be amended, as reasonably requested by either partyamount eligible for reimbursement in any subsequent year, and as may (d) the right to reimbursement under this agreement will not be necessary subject to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. Solely liquidation or exchange for the purposes of Section 409A of the Code, the share increments issuable on each vesting date on Schedule A shall be considered a separate paymentanother benefit. The Company makes no representation or warranty and shall have no liability Executive agree to the Awardee or any other person if any provisions of work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are determined necessary, appropriate or desirable to constitute deferred compensation subject avoid imposition of any additional tax or income recognition prior to actual payment to Executive under Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. EXECUTED the day and year first above written. UFP TECHNOLOGIES, INC. By:409A.