BARNES GROUP INC
FORM OF AMENDED & RESTATED RESTRICTED STOCK UNIT AWARD AGREEMENT
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<TYPE>EX-10.27
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<FILENAME>dex1027.htm
<DESCRIPTION>FORM OF AMENDED & RESTATED RESTRICTED STOCK UNIT AWARD AGREEMENT
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<TITLE>Form of Amended &amp; Restated Restricted Stock Unit Award Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Exhibit 10.27 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Form of </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AMENDED AND RESTATED RESTRICTED STOCK UNIT AWARD AGREEMENT </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>For employees grade 21 and up </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>PURSUANT TO THE </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>BARNES GROUP INC. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B><U>STOCK AND INCENTIVE AWARD PLAN </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SECURITIES THAT HAVE BEEN REGISTERED UNDER </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>THE SECURITIES ACT OF 1933. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">RESTRICTED STOCK UNIT AWARD AGREEMENT executed in duplicate as of
<B>February&nbsp;13, 2008 </B>(the &#147;<U>Grant Date</U>&#148;), between Barnes Group Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), and [<B><U>NAME OF GRANTEE</U></B>], a person regularly employed by or providing services to the
Company or one of its Subsidiaries (the &#147;<U>Holder</U>&#148;)(the &#147;<U>RSU Agreement</U>&#148;), as amended and restated on December&nbsp;31, 2008, effective January&nbsp;1, 2009 (the RSU Agreement as so amended and restated being hereafter
referred to as &#147;<U>the Agreement</U>&#148; or &#147;<U>this Agreement</U>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">The terms and conditions of the Agreement are set
forth herein and shall apply on and after January&nbsp;1, 2009. For the avoidance of doubt, and any provision of this Agreement to the contrary notwithstanding, if any provision of this Agreement (including in particular but without limitation any
provision of Section&nbsp;6 below) would change the time or form of payment of any amount that is payable under the RSU Agreement, such provision shall &#147;apply only to amounts that would not otherwise be payable in 2008&#148; within the meaning
of paragraph .02 of &#167;3 of Notice 2006-79 as modified by Section&nbsp;3.01(B)(1) of Notice 2007-86, and shall be administered, interpreted and construed accordingly. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">In accordance with the provisions of the Barnes Group Inc. Stock and Incentive Award Plan as amended and in effect from time to time on and after the Grant Date (the &#147;<U>Plan</U>&#148;), the Compensation and
Management Development Committee of the Company&#146;s Board of Directors (the &#147;<U>Committee</U>&#148;) has authorized the execution of this Agreement and issuance of shares pursuant thereto. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto agree as
follows: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">GRANT OF RESTRICTED STOCK UNIT AWARD. Subject to the terms, conditions and restrictions set forth in this Agreement and the Plan, the Company hereby grants to the
Holder an award of <B>[# Restricted Stock Units]</B> restricted stock units (each a &#147;<U>Restricted Stock Unit</U>&#148; and, collectively, the &#147;<U>Award</U>&#148;). The Award entitles the Holder to receive, </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">without payment to the Company and at the applicable time or times provided by Section&nbsp;6 hereof (if any), a number of shares of common stock, par value
$.01 per share, of the Company (&#147;<U>Common Stock</U>&#148;), equal to the number of the Restricted Stock Units (if any) that become non-forfeitable pursuant to Section&nbsp;4 hereof, subject, however, to Section&nbsp;5 and the other provisions
of this Agreement. The Award also entitles the Holder to be paid Dividend Equivalents on the terms and subject to the conditions set forth in Section&nbsp;2. In no event shall the Holder acquire any rights under this Agreement unless the Holder
executes and delivers to the Company, no later than 60 days after the Grant Date, a counterpart of the RSU Agreement duly countersigned by the Holder. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">DIVIDEND EQUIVALENTS. On each date on which a dividend (other than a Common Stock dividend) is paid to the holders of Common Stock the record date of which falls
during the period commencing on the Grant Date and ending on the first date on which all of the Restricted Stock Units have either been forfeited pursuant to Section&nbsp;5 or paid pursuant to Section&nbsp;6 of the RSU Agreement as in effect from
time to time on or after the Grant Date (a &#147;<U>Dividend Payment Date</U>&#148;), the Company shall pay the Holder an amount of money (&#147;<U>Dividend Equivalents</U>&#148;) determined by multiplying (a)&nbsp;the number of the Restricted Stock
Units (if any) that were neither forfeited nor paid on or before such dividend record date, times (b)&nbsp;the dividend per share paid on such Dividend Payment Date. However, if the dividend is paid in property other than cash or Common Stock, the
amount of money to be paid to the Holder in respect of such dividend shall be determined by multiplying (i)&nbsp;the number of the Restricted Stock Units (if any) that were neither forfeited nor paid on or before such dividend record date, times
(ii)&nbsp;the fair market value on such Dividend Payment Date of the property that was paid per share of Common Stock as a dividend on such Dividend Payment Date. For the avoidance of doubt: the Holder&#146;s entitlement to be paid Dividend
Equivalents pursuant to the first or second sentence of this Section&nbsp;2 is contingent on the Holder&#146;s not having a &#147;Separation from Service&#148; (as hereafter defined) on or before the record date of such Dividend Equivalents, except
that (A)&nbsp;if a dividend record date occurs on or after the date on which Restricted Stock Units become non-forfeitable within the meaning of Section&nbsp;4 and before such Restricted Stock Units are paid pursuant to Section&nbsp;6, the
Holder&#146;s entitlement to be paid Dividend Equivalents for such record date pursuant to the first or second sentence of this Section&nbsp;2 in respect of the Restricted Stock Units that became non-forfeitable within the meaning of Section&nbsp;4
is contingent on the Holder&#146;s not having a Separation from Service before the date on which such Restricted Stock Units became non-forfeitable within the meaning of Section&nbsp;4, and (B)&nbsp;if a dividend record date occurs after Separation
from Service by Retirement as defined in Section&nbsp;4(c) and before all of the Restricted Stock Units have become non-forfeitable within the meaning of Section&nbsp;4, the Holder&#146;s entitlement to be paid Dividend Equivalents for such record
date pursuant to the first or second sentence of this Section&nbsp;2 in respect of the Restricted Stock Units that did not become non-forfeitable before such Separation from Service is contingent on the Holder&#146;s Separation from Service by
Retirement, execution of a covenant not to compete and a release of claims in accordance with Section&nbsp;4(c), not revoking the release before </FONT>
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<FONT FACE="Times New Roman" SIZE="2">it becomes irrevocable on the 8</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> day after s/he
executes it, and compliance with such covenant and release on and before the Dividend Payment Date on which such Dividend Equivalents are to be paid, as provided in Section&nbsp;5(b). For purposes of this Agreement, a &#147;<U>Separation from
Service</U>&#148; means a &#147;separation from service with the employer&#148; within the meaning of Treasury Regulation Section&nbsp;1.409A-1(h), where the &#147;employer&#148; means the Company and all corporations and trades or businesses with
which the Company would be considered a single employer under Section&nbsp;414(b) or Section&nbsp;414(c) of the Internal Revenue Code of 1986, as amended (as determined in accordance with the first sentence of Treasury Regulation section
1.409A-1(h)(3)). </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">RESTRICTIONS ON AWARD. In no event (a)&nbsp;may the Holder sell, exchange, transfer, assign, pledge, hypothecate, mortgage or dispose of the Award or any interest therein, nor
(b)&nbsp;shall the Award or any interest therein be subject to anticipation, attachment, garnishment, levy, encumbrance or charge of any nature, voluntary or involuntary, by operation of law or otherwise. Any attempt, whether voluntary or
involuntary, to sell, exchange, transfer, assign, pledge, hypothecate, mortgage, dispose, anticipate, attach, garnish, levy upon, encumber or charge the Award or any interest therein shall be null and void and the other party to the transaction
shall not obtain any rights to or interest in the Award. The foregoing provisions of this Section&nbsp;3 shall not prevent the Award or any Restricted Stock Unit from being forfeited pursuant to the terms and conditions of this Agreement, and shall
not prevent the Holder from designating a Beneficiary to receive the Award in the event of his or her death in accordance with Section&nbsp;2(d) of the Plan. Any such Beneficiary shall receive the Award subject to all of the terms, conditions and
restrictions set forth in this Agreement, including but not limited to the forfeiture provisions set forth in Section&nbsp;5. </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">VESTING OF RESTRICTED STOCK UNITS. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Normal Vesting Dates</U>. Subject to Sections 4(b), (c), (d)&nbsp;and (e)&nbsp;and Section&nbsp;5, the Holder must not have a Separation from Service on or before (i)&nbsp;the
third anniversary of the Base Date (as hereafter defined) for 33.4% of the Restricted Stock Units to become non-forfeitable, (ii)&nbsp;the fourth anniversary of the Base Date for an additional 33.3% of the Restricted Stock Units to become
non-forfeitable, and (iii)&nbsp;the fifth anniversary of the Base Date for the balance of the Restricted Stock Units to become non-forfeitable. The number of Restricted Stock Units that become non-forfeitable on the third and fourth anniversaries of
the Base Date pursuant to the foregoing shall be rounded to the nearest whole Restricted Stock Unit. For purposes of this Agreement, the &#147;<U>Base Date</U>&#148; means August&nbsp;13, 2007. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Acceleration of Vesting in Event of Death or Disability</U>. Notwithstanding Section&nbsp;4(a) but subject to Section&nbsp;5, if the Holder does not have a
Separation from Service before his death or Disability occurs (and irrespective of whether a Separation from Service occurs at the time of such Disability), then any of the Restricted Stock Units that did not become non-forfeitable before the date
on which his death or Disability </FONT>
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<FONT FACE="Times New Roman" SIZE="2">occurs shall become non-forfeitable on that date. For purposes of this Agreement, &#147;<U>Disability</U>&#148; shall have the meaning set forth in Treasury
Regulation section 1.409A-3(i)(4)(i). </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Exception for Retirement</U>. Notwithstanding Section&nbsp;4(a) but subject to Section&nbsp;5, if the Holder has a
Separation from Service (i)&nbsp;more than eighteen (18)&nbsp;months after the Base Date and before the fifth anniversary of the Base Date by reason of retirement at or after age 62 with a minimum of five (5)&nbsp;years of credited service with the
Company and/or its Subsidiaries, and (ii)&nbsp;under circumstances that do not constitute &#147;cause&#148; as hereafter defined (any such Separation from Service being hereafter referred to as &#147;<U>Separation from Service by
Retirement</U>&#148;), and if, in addition, the Holder executes, within such period of time (in no event to exceed 45 days) after the Separation from Service by Retirement as the Committee may require, a covenant not to compete and a release of
claims effective as of the date of Separation from Service by Retirement, each in a form acceptable to the Committee, and does not revoke the release before it becomes irrevocable on the 8</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP>th</SUP>
</FONT><FONT FACE="Times New Roman" SIZE="2"> day after s/he executes it, and complies with the terms of such covenant and release, then any Restricted Stock Units that have not yet become non-forfeitable in accordance with the other provisions of
this Section&nbsp;4 as of the date of Separation from Service by Retirement shall thereafter become non-forfeitable in accordance with the other provisions of this Section&nbsp;4 as if the Holder had continued as an employee (and no Separation from
Service had occurred) through the earliest of (A)&nbsp;the fifth anniversary of the Base Date, (B)&nbsp;the Holder&#146;s death, (C)&nbsp;the Holder&#146;s Disability, or (D)&nbsp;the date on which a 409A Change in Control Event as defined in
Section&nbsp;4(d) occurs. For purposes of this Agreement, &#147;<U>cause</U>&#148; shall mean (I)&nbsp;the willful and continued failure by the Holder to substantially perform the Holder&#146;s duties with the Company (other than any such failure
resulting from the Holder&#146;s incapacity due to physical or mental illness) or (II) the willful engaging by the Holder in conduct which is demonstrably and materially injurious to the Company or its Subsidiaries, monetarily or otherwise.
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Acceleration of Vesting in Event of Change in Control</U>. Notwithstanding Section&nbsp;4(a) but subject to Section&nbsp;5, if the Holder does not have a Separation from Service
before the date, if any, on which a &#147;change in control event&#148; occurs with respect to the Holder (within the meaning of Treasury Regulation section 1.409A-3(i)(5)(i)&nbsp;&amp; (ii)) on or after the date on which a Change in Control (as
defined in the Plan) occurs, any of the Restricted Stock Units that are not non-forfeitable when such &#147;change in control event&#148; occurs shall immediately become non-forfeitable. Any such &#147;change in control event&#148; that occurs on or
after the date on which a Change in Control (as defined in the Plan) occurs is hereafter referred to as a &#147;<U>409A Change in Control Event</U>&#148;. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(e)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Additional Vesting Provisions</U>. Any provision above of this Section&nbsp;4 to the contrary notwithstanding, a Restricted Stock Unit shall not become
non-forfeitable pursuant to this Section&nbsp;4 if, prior to the date (if any) on which such Restricted Stock </FONT>
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<FONT FACE="Times New Roman" SIZE="2">Unit would become non-forfeitable pursuant to this Section&nbsp;4, such Restricted Stock Unit was forfeited pursuant to Section&nbsp;5(c) of the RSU
Agreement as in effect from time to time on or after the Grant Date. Any provision of this Agreement to the contrary notwithstanding, in no event shall the number of Restricted Stock Units that become non-forfeitable pursuant to this Agreement or
any provision thereof exceed in the aggregate 100% of the Restricted Stock Units unless the excess is attributable solely to an adjustment referred to in Section&nbsp;7 of this Agreement or Section&nbsp;10 of the Plan. </FONT></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">FORFEITURE OF RESTRICTED STOCK UNITS. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Except as provided otherwise in Section&nbsp;4(c) above or in the second sentence of Section&nbsp;5(b) below, any
Restricted Stock Units that have not become non-forfeitable pursuant to Section&nbsp;4 above on or before the date on which the Holder has a Separation from Service shall be forfeited as of that date, and all of the Holder&#146;s rights and interest
in and to such forfeited Restricted Stock Units shall thereupon terminate without payment of consideration by the Company. Solely for purposes of avoiding a forfeiture pursuant to the preceding sentence in the event of a Separation from Service by
Retirement, Restricted Stock Units that have not become non-forfeitable in accordance with the provisions of Section&nbsp;4 other than Section&nbsp;4(c) as of the date of the Holder&#146;s Separation from Service by Retirement shall be considered to
be non-forfeitable on that date if the Holder executes the covenant not to compete and release referred to in Section&nbsp;4(c) within such period of time (in no event to exceed 45 days) after the Separation from Service by Retirement as the
Committee may require, the covenant and release are effective as of that date, and the Holder does not revoke the release before it becomes irrevocable on the 8</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP>th</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2"> day after s/he executes it. No Award or other amount payable to the Holder shall be reduced by the amount of any Dividend Equivalents previously paid to the Holder with respect to the forfeited Restricted Stock
Units. For purposes of this Agreement, the Holder will not be deemed to have a Separation from Service merely by reason of the transfer of the Holder&#146;s employment from the Company to any Subsidiary or from any Subsidiary to the Company or
another Subsidiary, or by reason of an approved leave of absence. However, the rules set forth in Treasury Regulation section 1.409A-1(h)(1)(i) shall apply in determining whether the Holder has a Separation from Service in connection with a leave of
absence, and in that regard the Holder and the Company hereby elect to substitute a 29-month period of absence for a six-month period in the circumstances referred to in the last sentence of that Treasury Regulation. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"> <P STYLE="line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></P></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">If the Holder has a Separation from Service by Retirement as defined in Section&nbsp;4(c), but the Holder does not
execute the covenant and release referred to in Section&nbsp;4(c) within such period of time (in no event to exceed 45 days) after the Separation from Service by Retirement as the Committee may require, or revokes the release before it becomes
irrevocable on the 8</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> day after s/he executes it, any Restricted Stock Units that have not yet become non-forfeitable in accordance with the
</FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P>
<FONT FACE="Times New Roman" SIZE="2">provisions of Section&nbsp;4 other than Section&nbsp;4(c) as of the date of the Holder&#146;s Separation from Service by Retirement shall be forfeited as of
the date of Separation from Service by Retirement. If the Holder executes but fails to comply with such covenant and release, any Restricted Stock Units that have not yet become non-forfeitable in accordance with Section&nbsp;4 as of the date of
such failure to comply shall be forfeited as of that date. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">If the Holder, at any time before all of the Restricted Stock Units become non-forfeitable within the meaning of Section&nbsp;4: (i)&nbsp;directly or indirectly, whether as an
owner, partner, shareholder, consultant, agent, employee, investor or in any other capacity, accepts employment by, renders services for or otherwise assists any other business which competes with the business conducted by the Company or any of its
Subsidiaries in which the Holder has worked during the Holder&#146;s last two years with the Company or any of its Subsidiaries; (ii)&nbsp;directly or indirectly, hires or solicits or arranges for the hiring or solicitation of any employee of the
Company or any of its Subsidiaries on behalf of any business or enterprise other than the Company or a Subsidiary, or encourages any such employee to leave such employment; (iii)&nbsp;uses, discloses, misappropriates or transfers confidential or
proprietary information concerning the Company or any of its Subsidiaries (except as required by the Holder&#146;s work responsibilities with the Company or any of its Subsidiaries); or (iv)&nbsp;is convicted of a crime against the Company or any of
its Subsidiaries; or (v)&nbsp;engages in any activity in violation of the policies of the Company or any of its Subsidiaries, including without limitation the Company&#146;s Code of Business Ethics and Conduct, or, at any time, engages in conduct
adverse to the best interests of the Company or any of its Subsidiaries; then should any of the foregoing events occur, any Restricted Stock Units that have not theretofore become non-forfeitable within the meaning of Section&nbsp;4 shall be
forfeited unless the Committee, in its sole discretion, elects otherwise. The provisions of this Section&nbsp;5(c) are in addition to any other agreements related to non-competition, non-solicitation and preservation of Company confidential and
proprietary information entered into between the Holder and the Company, and nothing herein is intended to waive, modify, alter or amend the terms of any such other agreement. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By executing the RSU Agreement, the Holder irrevocably consents to any forfeiture of Restricted Stock Units required or authorized by this Agreement. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">6.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">ISSUANCE OF SHARES. If a Restricted Stock Unit becomes non-forfeitable within the meaning of Section&nbsp;4, a share of Common Stock shall be credited to a book
entry account with the Company&#146;s transfer agent in the name of the Holder (or, in the event of the death of the Holder, in the name of the Holder&#146;s Beneficiary) in payment of such Restricted Stock Unit on the date on which the Restricted
Stock Unit becomes non-forfeitable within the meaning of Section&nbsp;4 or within sixty (60)&nbsp;days thereafter (which date during that 61 day period shall be determined by the Company). For the avoidance of doubt, a Restricted Stock Unit becomes
non-forfeitable within the meaning of Section&nbsp;4 on the earliest of (a)&nbsp;a specified date set forth in Section&nbsp;4(a) above, (b)&nbsp;the date on which the Holder&#146;s death </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE="line-height:95%; vertical-align:top">
<FONT FACE="Times New Roman" SIZE="2">occurs, as provided in Section&nbsp;4(b) above, (c)&nbsp;the date on which the Holder&#146;s Disability occurs, as provided in Section&nbsp;4(b) above, or
(d)&nbsp;the date on which a 409A Change in Control Event&#148; occurs, as provided in Section&nbsp;4(d) above; provided in the case of each of the foregoing that the Holder does not have a Separation from Service before the date in question or, in
the case of clause (a)&nbsp;hereof, on the specified date in question, or that the Holder has a Separation from Service by Retirement before the date in question, executes the covenant and release referred to in Section&nbsp;4(c) within such period
of time (in no event to exceed 45 days) after the Separation from Service by Retirement as the Committee may require, does not revoke the release before it becomes irrevocable on the 8</FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> day after s/he executes it, and complies with such covenant and release until the date in question. In lieu of crediting any such share to a book entry account with the
Company&#146;s transfer agent, at the election and expense of the Holder (or, in the event of the death of the Holder, of the Holder&#146;s Beneficiary), a stock certificate representing such share shall be delivered to the Holder (or, in the event
of the death of the Holder, to the Holder&#146;s Beneficiary) as soon as practicable after the Company&#146;s receipt of the Holder&#146;s (or Beneficiary&#146;s) election; provided that the share is issued to the Holder (or, in the event of the
death of the Holder, to the Beneficiary of the Holder), either by means of a book entry or stock certificate, on the date on which the Restricted Stock Unit becomes non-forfeitable within the meaning of Section&nbsp;4 or within sixty (60)&nbsp;days
thereafter. All shares of Common Stock issued under this Agreement will be duly authorized, validly issued, fully paid and non-assessable. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT
FACE="Times New Roman" SIZE="2">Notwithstanding the preceding provisions of this Section&nbsp;6 or any other provision of this Agreement to the contrary, if the Holder is a specified employee (within the meaning of Treasury Regulation
Section&nbsp;1.409A-1(i)) on the date of a Separation from Service, any payment to be made pursuant to this Agreement that constitutes deferred compensation that is subject to Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the
&#147;<U>Code</U>&#148;) and that is to be paid due to a Separation from Service during the six month period following a Separation from Service (a &#147;<U>Delayed Payment</U>&#148;) shall not be paid during that six month period but shall instead
be accumulated and paid on the first day of the seventh month following the date of the Separation from Service (or, if earlier, within 14 days after the death of the Holder)(the &#147;<U>Delayed Payment Date</U>&#148;). For the avoidance of doubt,
the preceding sentence shall apply to any payment (and only to any payment) pursuant to this Agreement to which Code Section&nbsp;409A(a)(2)(B)(i) (relating to specified employees) applies, and shall not apply to any payment that is not subject to
Code Section&nbsp;409A as a result of Treasury Regulation section 1.409A-1(b)(4) (relating to short-term deferrals) or otherwise. Also for the avoidance of doubt, any Delayed Payment shall accrue Dividend Equivalents pursuant to the first or second
sentence of Section&nbsp;2 until it is paid pursuant to the preceding provisions of this Section&nbsp;6, which Dividend Equivalents shall be accumulated and deemed reinvested in additional Restricted Stock Units at Fair Market Value on the Dividend
Payment Date of such Dividend Equivalents (which additional Restricted Stock Units may also accrue Dividend Equivalents) and which shall be paid (in money) on the Delayed Payment Date based on the Fair Market Value of such additional Restricted
Stock Units on the Delayed Payment Date. The Holder&#146;s right to any series of payments of Restricted Stock Units or Dividend Equivalents pursuant to this Agreement shall be treated as a right to a series of separate payments within the meaning
of Treasury Regulation section 1.409A-2(b)(2)(iii), including without limitation for purposes of the short-term deferral rule set forth in Treasury Regulation section 1.409A-1(b)(4). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">7.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">CAPITAL ADJUSTMENTS. In addition to any other adjustments that may be made pursuant to Section&nbsp;10 of the Plan, (a)&nbsp;if the number of outstanding shares of Common Stock of
the Company is changed as a result of a stock dividend, stock split, reverse stock split or the like without additional consideration to the Company, the number of Restricted Stock Units shall be adjusted to correspond to the change in the
outstanding shares of Common Stock, and (b)&nbsp;in the case of any reorganization or recapitalization of the Company (by reclassification of its outstanding Common Stock or otherwise), or its consolidation or merger with or into another
corporation, or the sale, conveyance, lease or other transfer by the Company of all or substantially all of its property, pursuant to any of which events the then outstanding shares of Common Stock are combined, or are changed into or become
exchangeable for other shares of stock or property, the Holder shall be entitled to earn and receive pursuant to the Award, in lieu of the shares that s/he would otherwise be entitled to earn and receive pursuant to the Award (the &#147;<U>Affected
Shares</U>&#148;) and without any payment, the shares of stock or property which the Holder would have received upon such reorganization, recapitalization, consolidation, merger, sale or other transfer, if immediately prior thereto s/he had owned
the Affected Shares and had exchanged the Affected Shares in accordance with the terms of such reorganization, recapitalization, consolidation, merger, sale or other transfer, and (c)&nbsp;in case of any distribution by the Company of rights or
property to stockholders (including without limitation a spin-off), the issuance of stock options to persons other than employees or directors of the Company, the issuance by the Company of securities convertible into Common Stock or into shares of
any stock or security into which Common Stock shall have been changed or for which it shall have been exchanged, or any other change in the capital structure of the Company (other than as specified above in this Section&nbsp;7) which, in the
judgment of the Committee, would effect a dilution or diminution of the Holder&#146;s rights hereunder, the Committee shall make equitable adjustments in the number or kind of shares in respect of this Award, and such adjustments shall be effective
and binding for all purposes of this Award. Any provision of this Section&nbsp;7 to the contrary notwithstanding, no adjustments may be made pursuant to this Section&nbsp;7 or Section&nbsp;10 of the Plan that would prevent the amounts payable
hereunder from being &#147;objectively determinable&#148; within the meaning of Treasury Regulation section 1.409A-3(i)(1). </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">8.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">TAXES AND WITHHOLDING. The Company shall have the right, in its discretion, to deduct from any Dividend Equivalents payable pursuant to this Agreement, and from any shares to be
issued pursuant to Section&nbsp;6, cash and/or shares, valued at Fair Market Value on the date of payment, in an amount necessary to satisfy all Federal, state and local taxes required by law to be withheld with respect to such Dividend Equivalents
and/or shares, and the Holder may be required to pay to the Company prior to delivery of certificates representing such shares and prior to such shares being credited to a book entry account in the Holder&#146;s name, the amount of any such taxes.
The Company shall accept whole shares of Common Stock of equivalent Fair Market Value in payment of the Company&#146;s minimum statutory withholding tax obligations if the Holder of the Award elects to make payment in such manner.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">9.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">COMPLIANCE WITH LAW. The Company will make reasonable efforts to comply with all applicable federal and state securities laws. However, the Company will not issue any shares or
other securities pursuant to this Agreement if their issuance would result in a violation of any such law. If at any time the Committee shall determine, in its discretion, that the listing, registration or qualification of any shares subject to this
Award upon any securities exchange or under any state or Federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of this Award or the issue of shares
hereunder, no rights under the Award may be exercised and shares of Common Stock may not be issued pursuant to the Award, in whole or in part, unless such listing, registration, qualification, consent or approval shall have been effected or obtained
free of any conditions not acceptable to the Committee and any delay caused thereby shall in no way affect the dates of vesting or forfeiture of the Award. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">10.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">RELATION TO OTHER BENEFITS. The benefits received by the Holder under this Agreement will not be taken into account in determining any other benefits to which the Holder may be
entitled under any profit sharing, retirement or other benefit or compensation plan maintained by the Company, including the amount of any life insurance coverage available to any beneficiary of the Holder under any life insurance plan covering
employees of the Company. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">11.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">AMENDMENTS; INTEGRATED AGREEMENT. Except as otherwise provided in Section&nbsp;18 below, this Agreement may only be amended in a writing signed by the Holder and an officer of the
Company (other than the Holder) duly authorized to do so. This Agreement contains the entire agreement of the parties relating to the subject matter of this Agreement and supersedes and replaces all prior agreements and understandings with respect
to such subject matter, and the parties have made no agreements, representations or warranties relating to the subject matter of this Agreement which are not set forth herein. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">12.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">RELATION TO PLAN; INTERPRETATION. The Award is granted under the Plan, and the Award and this Agreement are each subject to the terms and conditions of the Plan, which are hereby
incorporated in this Agreement by reference. In the event of any inconsistent provisions between this Agreement and the Plan, the provisions of the Plan control. Capitalized terms used in this Agreement without definition have the meanings assigned
to them in the Plan. References to Sections are to Sections of this Agreement unless otherwise noted. The titles to Sections of this Agreement are intended solely for convenience and no provision of this Agreement is to be construed by reference to
the title of any Section. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">13.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">NO IMPLIED PROMISES. By accepting the Award and executing the RSU Agreement, the Holder recognizes and agrees that the Company and its Subsidiaries, and each of
their officers, directors, agents and employees, including but not limited to the Board of Directors </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P>
<FONT FACE="Times New Roman" SIZE="2">of the Company and the Committee, in their oversight or conduct of the business and affairs of the Company and its Subsidiaries, may in good faith cause the
Company and/or a Subsidiary to act or omit to act in a manner that will, directly or indirectly, prevent all or part of the Restricted Stock Units from becoming non-forfeitable. No provision of this Agreement shall be interpreted or construed to
impose any liability upon the Company, any Subsidiary, or any officer, director, agent or employee of the Company or any Subsidiary, or the Board or the Committee, for any forfeiture of Restricted Stock Units that may result, directly or indirectly,
from any such action or omission, or shall be interpreted or construed to impose any obligation on the part of any such entity or person to refrain from any such action or omission. </FONT></P></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">14.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">NOTICES. Any notice hereunder by the Holder shall be given to the Committee in writing and such notice by the Holder hereunder shall be deemed duly given or made only upon receipt
by the Corporate Secretary at Barnes Group Inc., P. O. Box 489, 123 Main Street, Bristol, Connecticut 06011-0489, U.S.A., or at such other address as the Company may designate by notice to the Holder. Any notice to the Holder shall be in writing and
shall be deemed duly given if delivered to the Holder in person or mailed or otherwise delivered to the Holder at such address as the Holder may have on file with the Company from time to time. </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">15.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">INTERPRETATION AND DISPUTES. The Committee shall interpret and construe this Agreement and make all determinations thereunder, and any such interpretation, construction or
determination by the Committee shall be binding and conclusive on the Company and the Holder and on any person or entity claiming under or through either of them. Without limiting the generality of the foregoing, any determination of whether the
Holder has a &#147;Separation from Service by Retirement&#148; or whether circumstances constitute &#147;cause&#148; within the meaning of Section&nbsp;4(c) above shall be made by and in the sole discretion of the Committee, whose decision shall be
final and binding on the Company, the Holder and any person or entity claiming under or through any of them. </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Any claim,
demand or controversy arising from such interpretation, construction or determination by the Committee shall be submitted first to a mediator in accordance with the rules of the American Arbitration Association (&#147;<U>AAA</U>&#148;) by submitting
a mediation request to the Corporate Secretary of the Company within thirty (30)&nbsp;days of the date of the Committee&#146;s interpretation or construction. The mediation process shall conclude upon the earlier of: (a)&nbsp;the resolution of the
dispute; (b)&nbsp;a determination by either the mediator or one or more of the parties that all settlement possibilities have been exhausted and there is no possibility of resolution; or (c)&nbsp;thirty (30)&nbsp;days have passed since the filing of
a request to mediate with the AAA. A party who has previously submitted a dispute to mediation, and which dispute has not been resolved, may submit such dispute to binding arbitration pursuant to the rules of the AAA. Any arbitration proceeding for
such dispute must be initiated within fourteen (14)&nbsp;days from the date that the mediation process has concluded. The prevailing party shall recover its costs and reasonable attorney&#146;s fees incurred in such arbitration proceeding. The
Holder and the Company specifically understand and agree that the failure of a party to timely initiate a proceeding hereunder shall bar the party from any </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">relief or other proceeding and any such dispute shall be deemed to have been finally and completely resolved. All mediation and arbitration proceedings shall
be conducted in Bristol, Connecticut or such other location as the Company may determine and the Holder agrees that no objection shall be made to such jurisdiction or venue, as a <I>forum non conveniens</I> or otherwise. The arbitrator&#146;s
authority shall be limited to resolution of the legal disputes between the parties and the arbitrator shall not have authority to modify or amend this Agreement or the Committee&#146;s interpretation or construction thereof, or abridge or enlarge
rights available under applicable law. Any court with jurisdiction over the parties may enforce any award made hereunder. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">16.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">GENERAL. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Nothing in this Agreement shall confer upon the Holder any right to continue in the employ or other service of the Company or any Subsidiary, or shall limit in any manner the right
of the Company, its stockholders or any Subsidiary to terminate the employment or other service of the Holder or adjust the compensation of the Holder. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Holder shall have no rights as a stockholder with respect to any shares that may be issued pursuant to this Agreement until the date of issuance to the Holder of a stock
certificate for the shares or the date of entry of a credit for the shares in a book entry account in the name of the Holder. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">This Agreement shall be binding upon the successors and assigns of the Company and upon the Beneficiary, estate, legal representatives, legatees and heirs of the Holder.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Any waiver by a party of another party&#146;s performance of, or compliance with, a term or condition of this Agreement shall not operate, or be construed, as a waiver of any
subsequent failure by such other party to perform or comply. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(e)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms
and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(f)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the principles of conflicts of laws thereof.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">17.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">CODE SECTION 409A. Any Dividend Equivalents and shares that may be earned pursuant to this Agreement are intended to qualify as short-term deferrals under Treasury
Regulation section 1.409A-1(b)(4), or are intended to meet the requirements of Section&nbsp;409A(a)(2), (3)&nbsp;and (4)&nbsp;of the Code, so that none of the Dividend Equivalents and shares that may be earned pursuant to this Agreement will be
includible in the Holder&#146;s federal gross income pursuant to Section&nbsp;409A(a)(1)(A) of the Code. The Award and this Agreement shall be administered, interpreted and construed to carry out such intention, and </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P>
<FONT FACE="Times New Roman" SIZE="2">any provision of this Agreement that cannot be so administered, interpreted and construed shall to that extent be disregarded. However, the Company does not
represent, warrant or guarantee that any Dividend Equivalents or shares that may be earned pursuant to this Agreement will not be includible in the Holder&#146;s federal gross income pursuant to Section&nbsp;409A(a)(1)(A) of the Code, nor does the
Company make any other representation, warranty or guaranty to the Holder as to the tax consequences of the Award or this Agreement. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">18.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">CONSENT TO CERTAIN AMENDMENTS AND PROVISIONS. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By executing the RSU Agreement, the Holder hereby irrevocably (i)&nbsp;authorizes the Committee or the Board of Directors of the Company (the &#147;<U>Board</U>&#148;), on or before
December&nbsp;31, 2008 or such later date(s), if any, to which the December&nbsp;31, 2008 documentary compliance date set forth in paragraph .01 of section 3 of IRS Notice 2006-79 as modified by section 3.01(B)(1) of IRS Notice 2007-86 is hereafter
extended (the &#147;<U>409A Documentary Compliance Date</U>&#148;), to amend the RSU Agreement and any &#147;Prior Non-Grandfathered Compensation Arrangement&#148; as defined in Section&nbsp;18(b) below, in any respect that the Committee or the
Board determines to be necessary, advisable or expedient to plan for, respond to, comply with or reflect Section&nbsp;409A of the Code , and (ii)&nbsp;consents in advance to any and all such amendments of the RSU Agreement and any Prior
Non-Grandfathered Compensation Arrangement, and (iii)&nbsp;consents in advance to any amendment of the Plan that the Board hereafter adopts on or before the 409A Documentary Compliance Date to plan for, respond to, comply with or reflect
Section&nbsp;409A of the Code, and (iv)&nbsp;agrees that the Holder&#146;s consent to any such amendments of the RSU Agreement, any Prior Non-Grandfathered Compensation Arrangement and the Plan shall be as effective as if such amendments were fully
set forth herein, and (v)&nbsp;waives any right s/he may have to consent to the amendment in question if for any reason the Holder&#146;s consent to any of the aforementioned amendments is not legally effective, and (vi)&nbsp;recognizes and agrees
that the Company does not represent, warrant or guarantee that any amendment of the RSU Agreement or any Prior Non-Grandfathered Compensation Arrangement or the Plan that is made pursuant to this Section&nbsp;18(a), or any Different Identification
Method that the Board or Committee may prescribe or Different Election that the Board or Committee may make in accordance with Section&nbsp;18(c) below, will have its intended tax effect or will enable compensation to be exempt from or comply with
Section&nbsp;409A of the Code, and that the Company does not make any other representation, warranty or guaranty to the Holder as to the tax consequences of any such amendment, Different Identification Method or Different Election. For the avoidance
of doubt, nothing in this Section&nbsp;18(a) is intended to authorize or constitute the Holder&#146;s consent to any amendment that would constitute a modification or extension of a stock option within the meaning of Treasury Regulation section
1.409A-1(b)(5)(v). If and to the extent that, notwithstanding the foregoing, anything herein would be interpreted or construed to authorize or constitute the Holder&#146;s consent to any such amendment, then to that extent the authorization or
consent is hereby rescinded. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">For purposes of Section&nbsp;18(a) above, a &#147;<U>Prior Non-Grandfathered Compensation Arrangement</U>&#148; means any compensation arrangement between the Company and the Holder
that was entered into before the Grant Date (whether or not paid in full before the Grant Date) except to the extent that the compensation payable (or paid) under such arrangement is &#147;grandfathered&#148; from Section&nbsp;409A of the Code
(i.e., is compensation to which Section&nbsp;409A of the Code does not apply, according to Treasury Regulation section 1.409A-6 or any other applicable Treasury Department guidance). In no event shall an arrangement that is grandfathered from
Section&nbsp;409A in the absence of this Section&nbsp;18 be deemed to be a Prior Non-Grandfathered Compensation Arrangement within the meaning of Section&nbsp;18(a). The Holder recognizes and agrees that Prior Non-Grandfathered Compensation
Arrangements include, but may not be limited to, (i)&nbsp;any stock option, restricted stock unit, performance share, performance unit or contingent dividend equivalent award that the Company granted to the Holder after December&nbsp;31, 2004 under
the Plan, (ii)&nbsp;any restricted stock unit, performance-accelerated restricted stock unit, performance share, performance unit or contingent dividend equivalent award that the Company granted to the Holder before December&nbsp;31, 2004 (whether
under the Plan or otherwise) that was outstanding and unvested on that date, and (iii)&nbsp;any non-qualified deferred compensation plan, such as the Company&#146;s Retirement Benefit Equalization Plan, Supplemental Executive Retirement Plan and
Supplemental Senior Officer Retirement Plan, if and to the extent that the Holder accrued benefits or vested in benefits under such plan after that date. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">The Holder agrees that, if at any time during the 12-month period ending on any &#147;specified employee identification date&#148;, which shall be December&nbsp;31,
the Holder is in Salary Grade 20 or above or meets the requirements of Code section 416(i)(1)(A)(ii) or (iii)&nbsp;(applied in accordance with the Treasury Regulations thereunder and disregarding Code section 416(i)(5)), the Holder shall be treated
as a &#147;Specified Employee&#148; within the meaning of Code Section&nbsp;409A and Treasury Regulation section 1.409A-1(i) (or other similar or successor provisions)(&#147;<U>Specified Employee</U>&#148;) for purposes of this Agreement and any
Prior Non-Grandfathered Compensation Arrangement and any compensation arrangement that may hereafter be adopted by the Company in which the Holder may participate (&#147;<U>Future Compensation Arrangement</U>&#148;) for the entire 12-month period
beginning on the &#147;specified employee effective date&#148;, which shall be the January&nbsp;1 that immediately follows such specified employee identification date, unless the Board or Committee hereafter prescribes a different method of
identifying service providers who will be subject to the six month delay required by Section&nbsp;409A(a)(2)(B)(i) of the Code (the &#147;<U>Six Month Delay</U>&#148;)(a &#147;<U>Different Identification Method</U>&#148;) or elects a different
specified employee identification date or specified employee effective date or makes any other election that may be made in accordance with Treasury Regulation section 1.409A-1(i) and the transition rules and official guidance under Code
Section&nbsp;409A (a &#147;<U>Different Election</U>&#148;), in which case whether the Holder shall be treated as a Specified Employee shall be determined in accordance with any such Different Identification Method so prescribed and any such
Different Election so made by the </FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P>
<FONT FACE="Times New Roman" SIZE="2">Board or Committee. The Holder hereby irrevocably (i)&nbsp;consents to any such Different Identification Method that the Committee or Board may hereafter
prescribe and any such Different Election that the Committee or Board may hereafter make in accordance with that Treasury Regulation or otherwise in accordance with Code Section&nbsp;409A and the transition rules and official guidance thereunder,
for purposes of identifying the service providers who will be subject to the Six Month Delay with respect to payments under this Agreement, any Prior Non-Grandfathered Compensation Arrangement and any Future Compensation Arrangement, and
(ii)&nbsp;agrees that the Holder&#146;s consent to any such Different Identification Method or Different Election shall be as effective as if such Different Identification Method or Different Election were fully set forth herein, and
(iii)&nbsp;waives any right s/he may have to consent to the Different Identification Method or Different Election in question if for any reason the Holder&#146;s consent to such Different Identification Method or Different Election is not legally
effective. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the Company, with the consent of the Holder, has amended and restated the RSU Agreement
on the date in 2008 indicated in the first paragraph hereof, effective January&nbsp;1, 2009. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">BARNES GROUP INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">BY:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Senior Vice President &#150; Human Resources</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Page 14 of 14 </FONT></P>

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