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Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant a Stock Appreciation Right with respect toshares of Common Stock at an Exercise Price of ​ per share of Common Stock (theSAR”), with no obligation on the part of the Participant to pay cash or other property in connection with the exercise of the SAR.

SubjectThis Agreement evidences the grant by Casa Systems, Inc., a Delaware corporation (the “Company”), on , 20​ (the “Grant Date”) to (the “Participant”) of a stock appreciation right of the Company (this “SAR”) on the terms provided herein and in the Company’s 2011 Stock Incentive Plan (the “Plan”). This SAR represents the right to receive, upon exercise of such right, cash in an amount equal to the termsappreciation from and conditionsafter the Grant Date in the Fair Market Value of a share of Common Stock, $0.001 par value per share (“Common Stock”), of the Plan andCompany over the Measurement Price, as provided in this Agreement, the Company hereby grants to the Participant a Stock Appreciation Right with respect to the number of shares of Common Stock at anwith respect to which this SAR is exercised. Unless earlier terminated, this SAR shall expire on , 20​ (the “Final Exercise Price of ​ per share of Common Stock (theSARDate”), with no obligation on. All capitalized terms used herein and not otherwise defined shall have the part ofsame meaning ascribed thereto in the Participant to pay cash or other property in connection with the exercise of the SAR.Plan.

Subject to the terms and conditionsAwards of the Plan and this Agreement, the Company hereby grants toStock Appreciation Rights or “SARs.” A SAR shall confer on the Participant to whom it is granted a Stock Appreciation Right with respectright to sharesreceive, upon exercise thereof, the excess of Common Stock at an Exercise Price# the Fair Market Value of ​ perone (1) share of Common Stock (theSAR”), with no obligation on the date of exercise over # the per-share exercise price of such SAR (theSAR Price”) as determined by the Committee. SARs may be granted in tandem with all or part of an Option granted under the ParticipantPlan or at any subsequent time during the term of such Option, in combination with all or any part of any other Award or without regard to pay cashany Option or other property in connection withAward; provided that a SAR that is granted subsequent to the exerciseAward Date of a related Option must have a SAR Price that is no less than the Fair Market Value of one (1) share of Common Stock on the Award Date of such SAR.

SubjectA stock appreciation right (an "SAR") entitles the Participant to the terms and conditionsreceive, in cash or Stock (as determined in accordance with [subsection 2.5]), value equal to all or a portion of the Plan and this Agreement,excess of: # the Company hereby grants to the ParticipantFair Market Value of a Stock Appreciation Right with respect tospecified number of shares of Common Stock at the time of exercise; over # an Exercise Price of ​ per share of Common Stock (theSAR”), with no obligation onestablished by the part of the Participant to pay cash or other property in connection with the exercise of the SAR.Committee.

Subject to the terms and conditions of the Plan and this Agreement, theThe Company hereby grantshas granted to the Participant a Stock Appreciation Right with respectan SAR entitling the Participant, upon exercise, to an amount in cash equal to the appreciation from and after the Grant Date in the Fair Market Value ofshares of Common Stock at an Exercise(the “Measurement Shares”) over the Measurement Price of ​ per share of Common Stock (theSAR”), with no obligation on the part of the Participant to pay cash or other property in connection with the exercise of thethis SAR.

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