XV. STOCK OWNERSHIP GUIDELINES Each non-employee director should maintain an investment level in the Company’s stock with a value equal to at least five times the annual non-employee director board retainer (exclusive of additional committee and chairman retainers). The CEO should maintain an investment level in the Company’s stock with a value equal to at least six times his or her annual salary. Each executive officer (as determined under Rule 16a-1(f) of the Securities Exchange Act of 1934) who reports to the CEO should maintain an investment level in the Company’s stock with a value equal to at least three times his or her annual salary. XVI. ACCESS TO EMPLOYEES The Board has complete access to any Applied employee for the purpose of fulfilling its responsibilities and duties. Independent directors are encouraged to contact employees of the Company with or without senior executives present. XVII. ACCESS TO INDEPENDENT ADVISORS The Board (as an entity) and each of its committees have the right at any time to retain and consult with independent financial, legal or other advisors, with funding provided by the Company. XVIII. MISCELLANEOUS These Guidelines are in addition to and are not intended to change or interpret any federal or state law, including the General Corporation Law of Delaware. Corporate Governance Guidelines 3.11.2022 10