CREST Handbook - Appendix IX

Employee Handbook - Appendix IX

CREST 401K Policy

The following information is provided to you as an employee eligible to participate in the CREST Technologies Inc. 401K plan for the plan year that begins on January 1^st, 2023. This notice is required under the provision of internal revenue code section 401(k)(12) and Internal Revenue Service notices 98-52 and 2000-3.

The Company will make a matching contribution to the plan on behalf of all eligible non-highly compensated employees in the amount of 100% of the first 3% of your annual compensation that you defer, plus 50% of the next 2% of your annual compensation that you defer, based on a maximum eligible compensation of $330,000, as indexed. This contribution will be fully vested and not forfeitable if you should terminate employment. As long as you satisfy the initial plan eligibility (being employed as of January 1^st or July 1^st for the plan year, you will receive this contribution, regardless of the number of hours you work or whether you remain employed for the entire year.

The company may, in its sole discretion, choose to make an additional profit sharing contribution for the plan year. You must earn at least 1,000 hours of service and remain employed on the last day of the plan year (December 31^st) to receive an allocation of this contribution, if any, and you will earn "vested" interest in these contributions according to the following schedule:

Less than 2 years of service

Upon completion of 2 years of service

20%

Upon completion of 3 years of service

40%

Upon completion of 4 years of service

60%

Upon completion of 5 years of service

80%

Upon completion of 6 years of service

100%

You may elect to defer a portion of your own compensation under the plan. You may defer up to a dollar limit of $22,500, as indexed for the calendar year. Please complete the Salary Deferral form and the Investment Selection form given to you, or request new forms, in order to participate. You may change your deferral election by completing a new salary deferral form. You may stop your deferral at any time. Your own salary deferral contributions are always fully vested and not forfeitable if you should terminate employment.

Employees may receive distributions upon the occurrence of one of the following events:

retirement
death
disability
separation from service

Employees may also receive distributions in the event of an extreme financial hardship. For this purpose, major uninsured family medical expenses, purchase of a principal residence, or college expenses for the participant's immediate family would be considered examples of an "extreme financial hardship". The hardship distribution request may not exceed the amount of the actual financial need, and the employee must certify that he or she has insufficient liquid assets reasonably available to satisfy the financial need.

Please refer to the summary plan description for more detailed information regarding your rights under the plans or any plan provisions that are summarized above.

I acknowledge that I have received, read, and understand the CREST Technologies' 401K Policy.

I acknowledge that the Company may change, suspend, or discontinue any or all of the handbook's policies, benefits, or procedures (except the Company's At-Will Employment Policy) at any time in its sole discretion. I agree that CREST will make all final decisions as to the meaning and application of all of CREST's policies, benefits, or procedures. I acknowledge and recognize that this handbook supersedes all prior or existing policies and procedures of the Company.

I further acknowledge and recognize that a violation of these policies and procedures can, at the discretion of CREST, result in disciplinary action up to and including termination, or in certain situations, to my being held personally liable for my actions.

Acknowledgement

Once you have read and filled out the form, click here to print and sign