0001305014-15-000073 Sample Contracts

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • July 20th, 2015 • Ashland Inc. • Wholesale-chemicals & allied products

This Award will be evidenced by entry on the books of Ashland’s transfer agent, Wells Fargo Bank, N.A. Each entry in respect of shares of Restricted Stock shall be designated in the name of the Participant and shall bear the following legend:

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PERFORMANCE UNIT AGREEMENT
Performance Unit Agreement • July 20th, 2015 • Ashland Inc. • Wholesale-chemicals & allied products

This Award is granted under, and subject to, all the terms and conditions of the Long-Term Incentive Plan Program Memorandum (“LTIP”) (Attachment 2) and the Plan, including, but not limited to, the forfeiture provision of Section 16(H) of the Plan. Capitalized terms used but not defined in this Agreement shall have the meanings given such terms in the Plan or the LTIP, as applicable.

RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • July 20th, 2015 • Ashland Inc. • Wholesale-chemicals & allied products

Ashland Inc. (“Ashland”), hereby awards to the above-named Participant (hereinafter called the “Participant”) ____________________ Restricted Stock Units (the “Award”) pursuant to the 2015 Ashland Inc. Incentive Plan (hereinafter called the “Plan”) and this Restricted Stock Unit Agreement (“Agreement”), in order to provide the Participant with an additional incentive to continue his/her services to Ashland and to continue to work for the best interests of the Ashland. Each Restricted Stock Unit represents the contingent right (as set forth herein) of Participant to receive a share of Ashland Common Stock, par value $0.01 per share, on the Vesting Date.

RESTRICTED STOCK EQUIVALENT AWARD AGREEMENT
Restricted Stock Equivalent Award Agreement • July 20th, 2015 • Ashland Inc. • Wholesale-chemicals & allied products

WHEREAS, ___________________________ (hereinafter called “Employer”) desires to award to the above-named Employee (hereinafter called the “Employee”) the Restricted Stock Equivalents (this “Award”), as defined in this Restricted Stock Equivalent Award Agreement (this “Agreement”), in order to provide the Employee with an additional incentive to continue his services to Employer and to continue to work for the best interests of Employer.

PERFORMANCE UNIT AGREEMENT (International)
Performance Unit Agreement • July 20th, 2015 • Ashland Inc. • Wholesale-chemicals & allied products

__________________________________________ (the “Employer”) hereby confirms the grant of a Performance Unit Award (“Award”) to the above-named Participant (hereinafter called the “Participant”) pursuant to the 2015 Ashland Inc. Incentive Plan (hereinafter called the “Plan”) (Attachment 1) and this Performance Unit Agreement (International) (“Agreement”), in order to provide the Participant with an additional incentive to continue his/her services to and to continue to work for the best interests of the Employer. The Employer confirms this Award to the Participant, as a matter of separate agreement and not in lieu of salary or any other compensation for services, of the number of Performance Units set forth above, subject to and upon all the terms, provisions and conditions contained herein and in the Long-Term Incentive Plan Program Memorandum (“LTIP”) (Attachment 2) and the Plan. Capitalized terms used but not defined in this Agreement shall have the meanings given such terms in the P

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