0001751788-24-000007 Sample Contracts

PERFORMANCE STOCK UNIT AWARD AGREEMENT DOW INC. 2019 STOCK INCENTIVE PLAN
Performance Stock Unit Award Agreement • January 30th, 2024 • Dow Chemical Co /De/ • Plastic materials, synth resins & nonvulcan elastomers • Delaware

The individual (the “Grantee”) named in the accompanying communication for [YEAR] grants has been granted performance stock units with respect to a specified number of shares of Dow Inc. common stock, par value $0.01 per share (the “Shares”), as set forth in the Notice (the “Units” or this “Award”). As used herein, “Notice” means, collectively, (i) the Compensation Statement provided to the Grantee by the Company annually via Workday and (ii) the documents provided as part of grant acceptance. The target number of Units subject to the Award (the “Target Units”), and the vesting schedule applicable to the Target Units, are set forth in the Notice. The Compensation Statement and the documents provided as part of grant acceptance shall together constitute the Notice. However, the actual number of Units earned pursuant to the Award will be determined based on the achievement of specified performance goal(s) (the “Performance Goals”) during a specified performance period (the “Performance P

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STOCK APPRECIATION RIGHT AWARD AGREEMENT DOW INC. 2019 STOCK INCENTIVE PLAN
Stock Appreciation Right Award Agreement • January 30th, 2024 • Dow Chemical Co /De/ • Plastic materials, synth resins & nonvulcan elastomers • Delaware

The individual (the “Grantee”) named in the accompanying communication for [YEAR] grants has been granted a stock appreciation right (this “SAR” or this “Award”) with respect to a specified number of shares of Dow Inc. common stock, par value $0.01 per share (the “Shares”), as set forth in the Notice. As used herein, “Notice” means, collectively, (i) the Compensation Statement provided to the Grantee by the Company annually via Workday and (ii) the documents provided as part of grant acceptance. This SAR is subject to the provisions of the Dow Inc. 2019 Stock Incentive Plan, as amended (the “Plan”), the Notice, and the Stock Appreciation Right Award Agreement (together with the Notice, the “Agreement”). Capitalized terms used in this Agreement and not otherwise defined shall have the meanings assigned to such terms in the Plan. This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933, as amended.

STOCK OPTION AWARD AGREEMENT DOW INC. 2019 STOCK INCENTIVE PLAN
Stock Option Award Agreement • January 30th, 2024 • Dow Chemical Co /De/ • Plastic materials, synth resins & nonvulcan elastomers • Delaware

The individual (the “Grantee”) named in the accompanying communication for [YEAR] grants has been granted a stock option (this “Option” or this “Award”) to purchase a specified number of shares of Dow Inc. common stock, par value $0.01 per share (the “Shares”), as set forth in the Notice. As used herein, “Notice” means, collectively, (i) the Compensation Statement provided to the Grantee by the Company annually via Workday and (ii) the documents provided as part of grant acceptance. This Option is subject to the provisions of the Dow Inc. 2019 Stock Incentive Plan, as amended (the “Plan”), the Notice, and the Stock Option Award Agreement (together with the Notice, the “Agreement”). Capitalized terms used in this Agreement and not otherwise defined shall have the meanings assigned to such terms in the Plan. This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933, as amended.

RESTRICTED STOCK UNIT AWARD AGREEMENT DOW INC. 2019 STOCK INCENTIVE PLAN
Restricted Stock Unit Award Agreement • January 30th, 2024 • Dow Chemical Co /De/ • Plastic materials, synth resins & nonvulcan elastomers • Delaware

The individual (the “Grantee”) named in the accompanying communication for [YEAR] grants has been granted restricted stock units with respect to a specified number of shares of Dow Inc. common stock, par value $0.01 per share (the “Shares”), as set forth in the Notice (the “Units” or this “Award”). As used herein, “Notice” means, collectively, (i) the Compensation Statement provided to the Grantee by the Company annually via Workday and (ii) the documents provided as part of grant acceptance. The Units are subject to the provisions of the Dow Inc. 2019 Stock Incentive Plan, as amended (the “Plan”), the Notice, and this Restricted Stock Unit Award Agreement (together with the Notice, the “Agreement”). Capitalized terms used in this Agreement and not otherwise defined shall have the meanings assigned to such terms in the Plan. This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933, as amended.

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