0001193125-05-176452 Sample Contracts

OPTION GRANT AGREEMENT
Option Grant Agreement • August 30th, 2005 • KRATON Polymers U.S. LLC • Plastic materials, synth resins & nonvulcan elastomers • Delaware

THIS OPTION GRANT AGREEMENT, made as of the 15th day of July, 2005 between TJ Chemical Holdings LLC (the “Company”) and Kevin Fogarty (the “Participant”).

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PROFITS UNIT AWARD AGREEMENT
Profits Unit Award Agreement • August 30th, 2005 • KRATON Polymers U.S. LLC • Plastic materials, synth resins & nonvulcan elastomers • Delaware

PROFITS UNIT AWARD AGREEMENT, (“Agreement”) dated as of July 15, 2005 (the “Date of Grant”), by and between KRATON Management LLC, a Delaware limited liability company (the “Company”) and Kevin Fogarty (the “Participant”). Unless the context otherwise provides, capitalized terms not defined herein shall have the meanings ascribed to them in the Limited Liability Company Operating Agreement of KRATON Management LLC, as amended from time to time (the “Management LLC Agreement”).

NOTIONAL UNIT AWARD GRANT AGREEMENT
Notional Unit Award Grant Agreement • August 30th, 2005 • KRATON Polymers U.S. LLC • Plastic materials, synth resins & nonvulcan elastomers • Delaware

THIS NOTIONAL UNIT AWARD GRANT AGREEMENT (this “Agreement”), made as of the 15th day of July, 2005 between KRATON Polymers LLC (the “Company”) and Kevin Fogarty (the “Participant”).

SEPARATION AGREEMENT AND GENERAL RELEASE AND WAIVER
Separation Agreement and General Release and Waiver • August 30th, 2005 • KRATON Polymers U.S. LLC • Plastic materials, synth resins & nonvulcan elastomers • Texas

This Separation Agreement and General Release and Waiver (this “Agreement”) is made as of August 15, 2005, between KRATON Polymers LLC (the “Company”), and David Davis (the “Employee”).

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