DANIMER SCIENTIFIC, INC. STOCK APPRECIATION RIGHTS AGREEMENTStock Appreciation Rights Agreement • August 8th, 2024 • Danimer Scientific, Inc. • Plastic materials, synth resins & nonvulcan elastomers • Delaware
Danimer Scientific, Inc. (the “Company”) has granted the Participant (named in Section 1 hereof) the number of stock appreciation rights (the “Award”) set forth in Section 1 (each, a “SAR” and collectively, the “SARs”) under the Danimer Scientific, Inc. 2020 Long-Term Incentive Plan (the “Plan”). Each SAR entitles the Participant to receive, upon exercise, an amount equal to the excess, if any, of (a) the Fair Market Value of a share of Common Stock on the date of exercise, over (b) the Exercise Price established by the Committee at the time of grant (the “Appreciation Value”), payable in shares of Common Stock in accordance with Section 4 of this Award Agreement except as otherwise provided in this Award Agreement or the Plan. The Award and the SARs granted hereunder shall be subject to the following terms and conditions (sometimes referred to as the “Award Agreement”) and the terms and conditions of the Plan as the same has been and may be amended from time to time.
