0001193125-09-238800 Sample Contracts

AMENDED AND RESTATED EMPLOYMENT AGREEMENT LOTHAR FREUND
Employment Agreement • November 20th, 2009 • Polymer Holdings LLC • Plastic materials, synth resins & nonvulcan elastomers • Delaware

WHEREAS, Lothar Freund (the “Executive”) is an employee of KRATON Polymers LLC, (“KRATON” or the “Company”), a Delaware limited liability company, which is a wholly owned subsidiary of Polymer Holdings LLC (“Parent”), a Delaware limited liability company;

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RESTRICTED UNIT AWARD GRANT AGREEMENT
Restricted Unit Award Grant Agreement • November 20th, 2009 • Polymer Holdings LLC • Plastic materials, synth resins & nonvulcan elastomers • Delaware

THIS RESTRICTED UNIT AWARD GRANT AGREEMENT (this “Agreement”), made as of the 19th day of June, 2008 between Kraton Polymers LLC (the “Company”) and Kevin M. Fogarty (the “Participant”).

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FIRST AMENDMENT TO THE AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF POLYMER HOLDINGS LLC September 29, 2009
Limited Liability Company Agreement • November 20th, 2009 • Polymer Holdings LLC • Plastic materials, synth resins & nonvulcan elastomers • Delaware

This first amendment (this “Amendment”) to the Amended and Restated Limited Liability Company Agreement (the “Agreement”) of Polymer Holdings LLC, a Delaware limited liability company (the “Company”), dated as of December 23, 2003, is made by the sole Member. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement.

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FORM OF AMENDMENT NO. 3 TO THE EMPLOYMENT AGREEMENT OF EXECUTIVE OFFICERS
Employment Agreement • November 20th, 2009 • Polymer Holdings LLC • Plastic materials, synth resins & nonvulcan elastomers

By resolution of the Board of Directors of Kraton Polymers LLC, effective as of December 31, 2009, the following provision was added to the employment agreements for Messers. Dave Bradley, Kevin Fogarty, Richard Ott, and Steve Tremblay.

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AMENDMENT NO. 1 TO THE NOTIONAL UNIT AWARD AGREEMENT
The Notional Unit Award Agreement • November 20th, 2009 • Polymer Holdings LLC • Plastic materials, synth resins & nonvulcan elastomers

THIS AMENDMENT NO. 1 TO THE NOTIONAL UNIT AWARD GRANT AGREEMENT (the “Amendment”), made as of this 18th day of December 2008 between KRATON Polymers LLC (the “Company”) and Kevin M. Fogarty (the “Participant”).

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January 23, 2007
Polymer Holdings LLC • November 20th, 2009 • Plastic materials, synth resins & nonvulcan elastomers

Re: Amended and Restated Facilities Sharing and Operating Agreement dated as of July 1, 1999 (the “FSO”) by and among Infineum USA L.P. (“Infineum”), Shell Oil Company (“SOC”) and Kraton Polymers U.S. LLC, formerly Shell Elastomers LLC (“Kraton”)

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AMENDMENT NO. 2 TO AMENDED AND RESTATED BELPRE FACILITY SHARING AND OPERATING AGREEMENT
And Operating Agreement • November 20th, 2009 • Polymer Holdings LLC • Plastic materials, synth resins & nonvulcan elastomers • New Jersey

THIS AMENDMENT NO. 2 TO AMENDED AND RESTATED BELPRE FACILITY SHARING AND OPERATING AGREEMENT (“Amendment”) is dated as of January 1, 2009 (the “Effective Date”) and is made by and between KRATON POLYMERS U.S. LLC (“Kraton”), having a place of business at 15710 John F. Kennedy Blvd, Suite 300, Houston, TX 77032, and Infineum USA L.P. (“Infineum”), having a place of business at 1900 East Linden Avenue, Linden, New Jersey 07036.

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Form of Base Salary Reduction Agreement
Salary Reduction Agreement • November 20th, 2009 • Polymer Holdings LLC • Plastic materials, synth resins & nonvulcan elastomers

WHEREAS the undersigned executive (the “Executive”) and Kraton Polymers LLC (the “Company”) entered into an employment agreement on , as amended (the “Employment Agreement”), setting forth the terms of the Executive’s employment with the Company; and

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