0000791963-18-000005 Sample Contracts

AMENDED AND RESTATED PERFORMANCE-BASED COMPENSATION AGREEMENT
Performance-Based Compensation Agreement • March 2nd, 2018 • Oppenheimer Holdings Inc • Security brokers, dealers & flotation companies • New York

THIS AMENDED AND RESTATED AGREEMENT (the "Agreement") between OPPENHEIMER HOLDINGS INC. ("Holdings") and ALBERT G. LOWENTHAL ("Lowenthal") is effective as of May 11, 2015, subject to, and conditioned upon, approval by Holdings' Class B Stockholders at the 2015 annual meeting. This Agreement is an amendment and restatement of the Amended and Restated Performance-Based Compensation Agreement, dated as of January 1, 2010, between Lowenthal and the Company (the "Prior Agreement") which was due to expire on May 11, 2015.

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