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Departure of Directors or Certain

(e) On October 12, 2015, the Compensation Committee of the Board of Directors of Platform Specialty Products Corporation ("Platform") approved the execution of (i) a severance agreement between Platform and Robert L. Worshek, its Vice President and Chief Accounting Officer, and (ii) an amendment to a certain severance agreement, dated July 22, 2002, between MacDermid, Incorporated ("MacDermid") and John L.Cordani, Platform's Vice President - Legal and Secretary.

Severance Agreement with Robert L. Worshek

Under Mr. Worshek's severance agreement, if Mr. Worshek's employment with Platform is involuntarily terminated by Platform without Cause (as defined below) or if Mr. Worshek leaves his employment for Good Reason (as defined below), then Platform will pay Mr. Worshek a severance pay ment equal to twelve (12) months of Mr. Worshek's base salary, as determined by the then most recent year period, less applicable taxes and appropriate withholdings.

Mr. Worshek's employment may be terminated for Cause by Platform if he has (i) committed any crime constituting a felony or involving dishonesty or moral turpitude, (ii) engaged in any activity that amounts to negligence and that significantly affects the business affairs or reputation of Platform and all companies affiliated or under common control with Platform (collectively, the "Company"), (iii) willfully failed to perform his duties, or perform his duties in a negligent manner, which failure or performance continues for twenty (20) days after written notice from the Company, or (iv) violated the Company's standard policies, or the law, and such violation creates a liability (actual or potential) for the Company (each, a "Cause").

Mr. Worshek may terminate his employment with Platform in the event that (i) his salary is significantly reduced...