This Non-Employee Director Compensation Plan (the “Director Compensation Plan”) is intended to establish the cash compensation and equity grants payable to members of the board of directors of Paramount Group, Inc. (the “Company”), as constituted from time to time (the “Board”), who are not employees of the Company or any subsidiary of the Company (“Non-Employee Directors”). All equity grants made under the Director Compensation Plan shall be made pursuant to the Amended and Restated 2014 Equity Incentive Plan (as amended from time to time, the “2014 Plan”) or any other equity plan of the Company designated by the Board pursuant to which the grants provided for herein may be made (together with the 2014 Plan, the “Incentive Plan”). Except as otherwise noted herein, the cash compensation and equity grants described in the Director Compensation Plan shall be paid or be made, as applicable, to each Non-Employee Director automatically and without any further action by the Board. All capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the applicable Incentive Plan.