Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 278

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 278
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 option award can also lapse when the award holder ceases to be a director, an employee, or a consultant with Circle or any of its subsidiaries. An option award will lapse when an order is made by a court (or when a resolution is passed) for the
compulsory winding up of Circle. Finally, an option award lapses when the award holder becomes bankrupt or enters into a compromise with their creditors, generally except as permitted under certain circumstances. Prior to the exercise of an option
award, an award holder has no rights in respect of any Scheme Shares.

In the event of a reorganization, vesting conditions may be adjusted by the board
of directors, subject to an auditor’s confirmation that the adjustment is fair and reasonable and notice to the award holder.

The board of directors
generally has the authority to amend the 2013 Scheme; provided that such amendment may not be made for the benefit of existing or future award holders relating to who may be eligible to participate in the 2013 Scheme, the share reserve, and
certain other matters, without prior approval by Circle in general meeting (or written approval of a majority of the voting power). No amendment or termination of the 2013 Scheme may adversely affect the rights of an existing award holder unless
approved by such award holder.

The 2013 Scheme includes addendums applicable for U.S. participants and for UK participants and, along with other
provisions, provides for certain requirements relating to the grant of incentive stock options (for U.S. participants) and EMI options (for UK participants). The 2013 Scheme also includes addendums applicable for Bermuda, Singapore, and Canada.

2024 Circle Internet Group, Inc. Share Award Plan

Effective upon the completion of the Redomiciliation on July 1, 2024, our board of directors adopted the Circle Internet Group, Inc. Share Award Plan (as
amended, the “2024 Plan”), as the successor to the 2013 Scheme, to govern the grant of awards with respect to shares of Class A common stock and Class B common stock on and after the Redomiciliation. In the case of awards held by
Jeremy Allaire and P. Sean Neville, awards under the 2024 Plan will be exercisable for or settled in, as applicable, shares of Class B common stock pursuant to the Conversion, as contemplated by the amendment to the 2024 Plan approved by our board
of directors in May 2025.

The terms of the 202