2004 Share Plan, as amended



 EXHIBIT 10.3(i) 
 TELEGENT SYSTEMS, INC. 
 2004 SHARE PLAN 
 (As amended through November 4, 2005) 
 (As amended through May 8, 2007) 
 (As amended through March 29, 2007)

 (As Amended through December 14, 2007) 
 (As Amended through April 21, 2008) 
 (As Amended through December 23, 2008) 

 (As Amended through October 31, 2009) 
 1. Purposes of the Plan. The purposes of this 2004 Share Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to
Employees and Consultants and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Share Options or Nonstatutory Share Options, as determined by the Administrator at the time of grant of an option
and subject to the applicable provisions of Section 422 of the Code and the regulations and interpretations promulgated thereunder. Share purchase rights may also be granted under the Plan. 
 2. Definitions. As used herein, the following definitions shall apply: 
 (a) “Administrator” means the Board or its Committee appointed pursuant to Section 4 of the Plan.

 (b) “Affiliate” means an entity other than a Subsidiary (as defined below) which, together with
the Company, is under common control of a third person or entity. 
 (c) “Applicable Laws” means
the legal requirements relating to the administration of share option and restricted share purchase plans, including under applicable Cayman Islands company laws, U.S. state corporate laws, U.S. federal and applicable state securities laws, other
U.S. federal and state laws, the Code, any Stock Exchange rules or regulations and the applicable laws, rules and regulations of any other country or jurisdiction where Options or Share Purchase Rights are granted under the Plan, as such laws,
rules, regulations and requirements shall be in place from time to time. 
 (d) “Board” means the
Board of Directors of the Company. 
 (e) “Cause” for termination of a Participant’s
Continuous Service Status will exist if the Participant is terminated by the Company for any of the following reasons: (i) Participant’s willful failure substantially to perform his or her duties and responsibilities to the Company or
deliberate violation of a Company policy; (ii) Participant’s commission of any act of fraud, embezzlement, dishonesty or any other willful misconduct that has caused or is reasonably expected to result in material injury to the Company;
(iii) unauthorized use or disclosure by Participant of any proprietary information or trade secrets of the Company or any other party to whom the Participant owes an obligation of nondisclosure as a result of his or her relationship with the
Company; or (iv) Participant’s willful breach of any of his or her obligations under any










 
written agreement or covenant with the Company. The determination as to whether a Participant is being terminated for Cause shall be made in good faith by the Company and shall be final and
binding on the Participant. The foregoing definition does not in any way limit the Company’s ability to terminate a Participant’s employment or consulting relationship at any time as provided in Section 5(d) below, and the term
“Company” will be interpreted to include any Subsidiary, Parent or Affiliate, as appropriate. 
 (f)
“Change of Control” means (1) a sale of all or substantially all of the Company’s assets, or (2) any merger, consolidation or other business combination transaction of the Company with or into another
corporation, entity or person, other than a transaction in which the holders of at least a majority of the voting share capital of the Company outstanding immediately prior to such transaction continue to hold (either by such shares remaining
outstanding or by their being converted into shares of voting share capital of the surviving entity) a majority of the total voting power represented by the shares of voting share capital of the Company (or the surviving entity) outstanding
immediately after such transaction, or (3) the direct or indirect acquisition (including by way of a tender or exchange offer) by any person, or persons acting as a group, of beneficial ownership or a right to acquire beneficial ownership of
shares representing a majority of the voting power of the then outstanding share capital of the Company. 
 (g)
“Class A Ordinary Shares” means the Class A Ordinary Shares of the Company. 
 (h)
“Code” means the U.S. Internal Revenue Code of 1986, as amended. 
 (i)
“Committee” means one or more committees or subcommittees of the Board appointed by the Board to administer the Plan in accordance with Section 4 below. 
 (j) “Company” means Telegent Systems, Inc, a Cayman Islands company. 
 (k) “Consultant” means any person, including an advisor, who is engaged by the Company or any Parent,
Subsidiary or Affiliate to render services and is compensated for such services, and any director of the Company whether compensated for such services or not. 
 (l) “Continuous Service Status” means the absence of any interruption or termination of service as an Employee
or Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted in the case of: (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Administrator, provided
that such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or
(iv) in the case of transfers between locations of the Company or between the Company, its Parents, Subsidiaries, Affiliates or their respective successors. A change in status from an Employee to a Consultant or from a Consultant to an Employee
will not constitute an interruption of Continuous Service Status. 
 (m) “Director” means a member
of the Board. 









 (n) “Employee” means any person employed by the Company or any
Parent, Subsidiary or Affiliate, with the status of employment determined based upon such factors as are deemed appropriate by the Administrator in its discretion, subject to any requirements of the Code or the Applicable Laws. The payment by the
Company of a director’s fee to a Director shall not be sufficient to constitute “employment” of such Director by the Company. 
 (o) “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 
 (p) “Fair Market Value” means, as of any date, the fair market value of the Shares, as determined by the Administrator in good faith on such basis as it deems appropriate and applied
consistently with respect to Participants. Whenever possible, the determination of Fair Market Value shall be based upon the closing price for the Shares as reported in the Wall Street Journal for the applicable date. 
 (q) “Incentive Share Option” means an Option intended to qualify as an incentive share option within the
meaning of Section 422 of the Code, as designated in the applicable Option Agreement. 
 (r) “Listed
Security” means any security of the Company that is listed or approved for listing on a national securities exchange or designated or approved for designation as a national market system security on an interdealer quotation
system by the National Association of Securities Dealers, Inc. of the United States. 
 (s) “Named
Executive” means any individual who, on the last day of the Company’s fiscal year, is the chief executive officer of the Company (or is acting in such capacity) or among the four most highly compensated officers of the Company
(other than the chief executive officer). Such officer status shall be determined pursuant to the executive compensation disclosure rules under the Exchange Act. 
 (t) “Nonstatutory Share Option” means an Option not intended to qualify as an Incentive Share Option, as
designated in the applicable Option Agreement. 
 (u) “Option” means a share option granted
pursuant to the Plan. 
 (v) “Option Agreement” means a written document, the form(s) of which
shall be approved from time to time by the Administrator, reflecting the terms of an Option granted under the Plan and includes any documents attached to or incorporated into such Option Agreement, including, but not limited to, a notice of share
option grant and a form of exercise notice. 
 (w) “Option Exchange Program” means a program
approved by the Administrator whereby outstanding Options are exchanged for Options with a lower exercise price or are amended to decrease the exercise price as a result of a decline in the Fair Market Value of the Shares. 
  

 -3- 








 (x) “Optioned Shares” means the Class A Ordinary Shares
or the Ordinary Shares subject to an Option. 
 (y) “Optionee” means an Employee or Consultant who
receives an Option. 
 (z) “Ordinary Shares” means the Ordinary Shares of the Company. 

(aa) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in
Section 424(e) of the Code, or any successor provision. 
 (bb) “Participant” means any holder
of one or more Options or Share Purchase Rights, or the Shares issuable or issued upon exercise of such awards, under the Plan. 
 (cc) “Plan” means this 2004 Share Plan. 
 (dd) “Reporting Person”
means an officer, Director, or greater than ten percent shareholder of the Company within the meaning of Rule 16a-2 under the Exchange Act, who is required to file reports pursuant to Rule 16a-3 under the Exchange Act. 
 (ee) “Restricted Shares” means Class A Ordinary Shares or Ordinary Shares acquired pursuant to a grant of
a Share Purchase Right under Section 11 below. 
 (ff) “Restricted Share Purchase Agreement”
means a written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of a Share Purchase Right granted under the Plan and includes any documents attached to such agreement. 
 (gg) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, as amended from time to time, or any
successor provision. 
 (hh) “Share” means an Ordinary Share or a Class A Ordinary Share, as
adjusted in accordance with Section 14 of the Plan. 
 (ii) “Stock Exchange” means any stock
exchange or consolidated stock price reporting system on which prices for the Ordinary Shares are quoted at any given time. 
 (jj) “Share Purchase Right” means the right to purchase Ordinary Shares or Class A Ordinary Shares pursuant to Section 11 below. 
 (kk) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in
Section 424(f) of the Code, or any successor provision. 
 (ll) “Ten Percent Holder” means a
person who owns shares representing more than ten percent (10%) of the voting power of all classes of shares of the Company or any Parent or Subsidiary. 
  

 -4- 








 3. Shares Subject to the Plan. Subject to the provisions of Section 14 of the Plan,
the maximum aggregate number of Shares that may be sold under the Plan is 27,300,000. If an award should expire or become unexercisable for any reason without having been exercised in full, or is surrendered pursuant to an Option Exchange Program,
the unpurchased Shares that were subject thereto shall, unless the Plan shall have been terminated, become available for future grant under the Plan. In addition, any Shares which are retained by the Company upon exercise of an award in order to
satisfy the exercise or purchase price for such award or any withholding taxes due with respect to such exercise or purchase shall be treated as not issued and shall continue to be available under the Plan. Shares issued under the Plan and later
repurchased by the Company pursuant to any repurchase right which the Company may have shall not be available for future grant under the Plan. 
 4. Administration of the Plan. 
 (a) General. The Plan shall be administered by the
Board or a Committee, or a combination thereof, as determined by the Board. The Plan may be administered by different administrative bodies with respect to different classes of Participants and, if permitted by the Applicable Laws, the Board may
authorize one or more officers to make awards under the Plan. 
 (b) Committee Composition. If a Committee
has been appointed pursuant to this Section 4, such Committee shall continue to serve in its designated capacity until otherwise directed by the Board. From time to time the Board may increase the size of any Committee and appoint additional
members thereof, remove members (with or without cause) and appoint new members in substitution therefor, fill vacancies (however caused) and remove all members of a Committee and thereafter directly administer the Plan, all to the extent permitted
by the Applicable Laws and, in the case of a Committee administering the Plan in accordance with the requirements of Rule 16b-3 or Section 162(m) of the Code, to the extent permitted or required by such provisions. The Committee shall in all
events conform to any requirements of the Applicable Laws. 
 (c) Powers of the Administrator. Subject to the
provisions of the Plan and in the case of a Committee, the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its discretion: 
 (i) to determine the Fair Market Value of the Shares, in accordance with Section 2(p) of the Plan, provided that such
determination shall be applied consistently with respect to Participants under the Plan; 
 (ii) to select the Employees
and Consultants to whom Plan awards may from time to time be granted; 
 (iii) to determine whether and to what extent Plan
awards are granted; 
 (iv) to determine the number of Shares to be covered by each award granted; 
 (v) to approve the form(s) of agreement(s) used under the Plan; 
  

 -5- 








 (vi) to determine the terms and conditions, not inconsistent with the terms of the
Plan, of any award granted hereunder, which terms and conditions include but are not limited to the exercise or purchase price, the time or times when awards may be exercised (which may be based on performance criteria), any vesting acceleration or
waiver of forfeiture restrictions, any pro rata adjustment to vesting as a result of a Participant’s transitioning from full- to part-time service (or vice versa), and any restriction or limitation regarding any Option, Optioned Shares, Share
Purchase Right or Restricted Shares, based in each case on such factors as the Administrator, in its sole discretion, shall determine; 
 (vii) to determine whether and under what circumstances an Option may be settled in cash under Section 10(c) instead of Shares; 
 (viii) to implement an Option Exchange Program on such terms and conditions as the Administrator in its discretion deems appropriate,
provided that no amendment or adjustment to an Option that would materially and adversely affect the rights of any Optionee shall be made without the prior written consent of the Optionee; 
 (ix) to adjust the vesting of an Option held by an Employee or Consultant as a result of a change in the terms or conditions under
which such person is providing services to the Company; 
 (x) to construe and interpret the terms of the Plan and awards
granted under the Plan, which constructions, interpretations and decisions shall be final and binding on all Participants; and 
 (xi) in order to fulfill the purposes of the Plan and without amending the Plan, to modify grants of Options or Share Purchase Rights to Participants who are foreign nationals or employed outside of the United States in order to recognize
differences in local law, tax policies or customs. 
 5. Eligibility. 
 (a) Recipients of Grants. Nonstatutory Share Options and Share Purchase Rights may be granted to Employees and
Consultants. Incentive Share Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Share Options. 
 (b) Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Share Option or a
Nonstatutory Share Option. 
 (c) ISO $100,000 Limitation. Notwithstanding any designation under
Section 5(b), to the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Share Options are exercisable for the first time by any Optionee during any calendar year (under all plans of the
Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Share Options. For purposes of this Section 5(c), Incentive Share Options shall be taken into account in the order in which they were
granted, and the Fair Market Value of the Shares subject to an Incentive Share Option shall be determined as of the date of the grant of such Option. 
  

 -6- 








 (d) No Employment Rights. The Plan shall not confer upon any Participant
any right with respect to continuation of an employment or consulting relationship with the Company, nor shall it interfere in any way with such Participant’s right or the Company’s right to terminate the employment or consulting
relationship at any time for any reason. 
 6. Term of Plan. The Plan shall become effective upon its adoption by the Board
of Directors. It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 16 of the Plan. 
 7. Term of Option. The term of each Option shall be the term stated in the Option Agreement; provided that the term shall be no more than ten years from the date of grant thereof or such shorter term as may be provided in
the Option Agreement and provided further that, in the case of an Incentive Share Option granted to a person who at the time of such grant is a Ten Percent Holder, the term of the Option shall be five years from the date of grant thereof or such
shorter term as may be provided in the Option Agreement. 
 8. [Reserved.] 
 9. Option Exercise Price and Consideration. 
 (a) Exercise Price. The per Share exercise price for the Shares to be issued pursuant to exercise of an Option shall be
such price as is determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following: 
 (i) In the case of an Incentive Share Option 
 (A) granted to an Employee who at the time of grant is a Ten
Percent Holder, the per Share exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant; or 
 (B) granted to any other Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on the date of grant. 
 (ii) In the case of a Nonstatutory Share Option 
 (A) granted on any date on which the Ordinary Shares are not Listed Security to a person who is at the time of grant is a Ten Percent
Holder, the per Share exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant if required by the Applicable Laws and, if not so required, shall be such price as is determined by the Administrator;

  

 -7- 








 (B) granted on any date on which the Ordinary Shares are not Listed Security to any
other eligible person, the per Share exercise price shall be no less than 85% of the Fair Market Value per Share on the date of grant if required by the Applicable Laws and, if not so required, shall be such price as is determined by the
Administrator; or 
 (C) granted on any date on which the Ordinary Shares are a Listed Security to any eligible person,
the per share Exercise Price shall be such price as determined by the Administrator provided that if such eligible person is, at the time of the grant of such Option, a Named Executive of the Company, the per share Exercise Price shall be no less
than 100% of the Fair Market Value on the date of grant if such Option is intended to qualify as performance-based compensation under Section 162(m) of the Code. 
 (iii) Notwithstanding the foregoing, Options may be granted with a per Share exercise price other than as required above pursuant to a
merger or other corporate transaction. 
 (b) Permissible Consideration. The consideration to be paid for the
Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Share Option, shall be determined at the time of grant) and may consist entirely of
(1) cash; (2) check; (3) subject to any requirements of the Applicable Laws, delivery of Optionee’s promissory note having such recourse, interest, security and redemption provisions as the Administrator determines to be
appropriate after taking into account the potential accounting consequences of permitting an Optionee to deliver a promissory note; (4) cancellation of indebtedness; (5) other Shares that have a Fair Market Value on the date of surrender
equal to the aggregate exercise price of the Shares as to which the Option is exercised, provided that in the case of Shares acquired, directly or indirectly, from the Company, such Shares must have been owned by the Optionee for more than six
months on the date of surrender (or such other period as may be required to avoid the Company’s incurring an adverse accounting charge); (6) if, as of the date of exercise of an Option the Company then is permitting employees to engage in
a “same-day sale” cashless brokered exercise program involving one or more brokers, through such a program that complies with the Applicable Laws (including without limitation the requirements of Regulation T and other applicable
regulations promulgated by the Federal Reserve Board) and that ensures prompt delivery to the company of the amount required to pay the exercise price and any applicable withholding taxes; or (7) any combination of the foregoing methods of
payment. In making its determination as to the type of consideration to accept, the Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit the Company and the Administrator may, in its sole discretion,
refuse to accept a particular form of consideration at the time of any Option exercise. 
 10. Exercise of Option.

 (a) General. 
 (i) Exercisability. Any Option granted hereunder shall be exercisable at such times and under such conditions as determined by the Administrator, consistent with the term of the Plan and reflected in
the Option Agreement, including vesting requirements and/or performance criteria with respect to the Company and/or the Optionee; provided however that, if required under Applicable Laws, the Option (or Shares issued upon exercise of the Option)
shall comply with the requirements of Section 260.140.41(f) and (k) of the Rules of the California Corporations Commissioner. 
  

 -8- 








 (ii) Leave of Absence. The Administrator shall have the discretion to
determine whether and to what extent the vesting of Options shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, vesting of Options shall be tolled during any such unpaid leave (unless
otherwise required by the Applicable Laws). In the event of military leave, vesting shall toll during any unpaid portion of such leave, provided that, upon a Participant’s returning from military leave (under conditions that would entitle him
or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Options to the same extent as would have applied had the Participant continued to
provide services to the Company throughout the leave on the same terms as he or she was providing services immediately prior to such leave. 
 (iii) Minimum Exercise Requirements. An Option may not be exercised for a fraction of a Share. The Administrator may require that an Option be exercised as to a minimum number of Shares, provided that
such requirement shall not prevent an Optionee from exercising the full number of Shares as to which the Option is then exercisable. 
 (iv) Procedures for and Results of Exercise. An Option shall be deemed exercised when written notice of such exercise has been given to the Company in accordance with the terms of the Option by the
person entitled to exercise the Option and the Company has received full payment for the Shares with respect to which the Option is exercised. Full payment may, as authorized by the Administrator, consist of any consideration and method of payment
allowable under Section 9(b) of the Plan, provided that the Administrator may, in its sole discretion, refuse to accept any form of consideration at the time of any Option exercise. 
 Exercise of an Option in any manner shall result in a decrease in the number of Shares that thereafter may be available, both for
purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 
 (v)
Rights as Shareholder. Until the issuance of the Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other
rights as a shareholder shall exist with respect to the Optioned Shares, notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date of the appropriate entry on
the books of the Company, except as provided in Section 14 of the Plan. 
 (b) Termination of Employment or
Consulting Relationship. Except as otherwise set forth in this Section 10(b), the Administrator shall establish and set forth in the applicable Option Agreement the terms and conditions upon which an Option shall remain exercisable, if
at all, following termination of an Optionee’s Continuous Service Status, which provisions may be waived or modified by the Administrator at any time. Unless the Administrator otherwise provides in the Option Agreement, to the extent that the
Optionee is not

  

 -9- 








 
vested in Optioned Shares at the date of termination of his or her Continuous Service Status, or if the Optionee (or other person entitled to exercise the Option) does not exercise the Option to
the extent so entitled within the time specified in the Option Agreement or below (as applicable), the Option shall terminate and the Optioned Shares underlying the unexercised portion of the Option shall revert to the Plan. In no event may any
Option be exercised after the expiration of the Option term as set forth in the Option Agreement (and subject to Section 7). 
 The following provisions (1) shall apply to the extent an Option Agreement does not specify the terms and conditions upon which an Option shall terminate upon termination of an Optionee’s Continuous Service Status, and
(2) establish the minimum post-termination exercise periods that may be set forth in an Option Agreement: 
 (i)
Termination other than Upon Disability or Death or for Cause. In the event of termination of Optionee’s Continuous Service Status other than under the circumstances set forth in subsections (ii) through (iv) below, such
Optionee may exercise an Option for 30 days following such termination to the extent the Optionee was vested in the Optioned Shares as of the date of such termination. No termination shall be deemed to occur and this Section 10(b)(i) shall not
apply if (i) the Optionee is a Consultant who becomes an Employee, or (ii) the Optionee is an Employee who becomes a Consultant. 
 (ii) Disability of Optionee. In the event of termination of an Optionee’s Continuous Service Status as a result of his or her disability (including a disability within the meaning of
Section 22(e)(3) of the Code), such Optionee may exercise an Option at any time within six months following such termination to the extent the Optionee was vested in the Optioned Shares as of the date of such termination. 
 (iii) Death of Optionee. In the event of the death of an Optionee during the period of Continuous Service Status since
the date of grant of the Option, or within thirty days following termination of Optionee’s Continuous Service Status, the Option may be exercised by Optionee’s estate or by a person who acquired the right to exercise the Option by bequest
or inheritance at any time within twelve months following the date of death, but only to the extent the Optionee was vested in the Optioned Shares as of the date of death or, if earlier, the date the Optionee’s Continuous Service Status
terminated. 
 (iv) Termination for Cause. In the event of termination of an Optionee’s Continuous
Service Status for Cause, any Option (including any exercisable portion thereof) held by such Optionee shall immediately terminate in its entirety upon first notification to the Optionee of termination of the Optionee’s Continuous Service
Status. If an Optionee’s employment or consulting relationship with the Company is suspended pending an investigation of whether the Optionee shall be terminated for Cause, all the Optionee’s rights under any Option likewise shall be
suspended during the investigation period and the Optionee shall have no right to exercise any Option. This Section 10(b)(iv) shall apply with equal effect to vested Shares acquired upon exercise of an Option granted on any date on which the
Ordinary Shares are not Listed Security to a person other than an officer, Director or Consultant, in that the Company shall have the right to repurchase such Shares from the Participant upon the following terms: (A) the repurchase is made
within 90 days of termination of the Participant’s Continuous Service

  

 -10- 








 
Status for Cause at the Fair Market Value of the Shares as of the date of termination, (B) consideration for the repurchase consists of cash or cancellation of purchase money indebtedness,
and (C) the repurchase right terminates upon the effective date of the Company’s initial public offering of its Ordinary Shares. With respect to vested Shares issued upon exercise of an Option granted to any officer, Director or
Consultant, the Company’s right to repurchase such Shares upon termination of the Participant’s Continuous Service Status for Cause shall be made at the Participant’s original cost for the Shares and shall be effected pursuant to such
terms and conditions, and at such time, as the Administrator shall determine. Nothing in this Section 10(b)(iv) shall in any way limit the Company’s right to purchase unvested Shares issued upon exercise of an Option as set forth in the
applicable Option Agreement. 
 (c) Buyout Provisions. The Administrator may at any time offer to buy out for
a payment in cash or Shares an Option previously granted under the Plan based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made. 
 11. Share Purchase Rights. 
 (a) Rights to Purchase. When the Administrator determines that it will offer Share Purchase Rights under the Plan, it shall advise the offeree in writing of the terms, conditions and restrictions
related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid, and the time within which such person must accept such offer. In the case of a Share Purchase Right granted prior to the date,
if any, on which the Ordinary Shares become Listed Security and if required by the Applicable Laws at that time, the purchase price of Shares subject to such Share Purchase Rights shall not be less than 85% of the Fair Market Value of the Shares as
of the date of the offer, or, in the case of a Ten Percent Holder, the price shall not be less than 100% of the Fair Market Value of the Shares as of the date of the offer. If the Applicable Laws do not impose the requirements set forth in the
preceding sentence and with respect to any Share Purchase Rights granted after the date, if any, on which the Ordinary Shares become a Listed Security, the purchase price of Shares subject to Share Purchase Rights shall be as determined by the
Administrator. The offer to purchase Shares subject to Share Purchase Rights shall be accepted by execution of a Restricted Share Purchase Agreement in the form determined by the Administrator. 
 (b) Repurchase Option. 
 (i) General. Unless the Administrator determines otherwise, the Restricted Share Purchase Agreement shall grant the Company a repurchase option exercisable upon the voluntary or involuntary
termination of the purchaser’s employment with the Company for any reason (including death or disability). Subject to any requirements of the Applicable Laws (including without limitation Section 260.140.42(h) of the Rules of the
California Corporations Commissioner), the terms of the Company’s repurchase option (including without limitation the price at which, and the consideration for which, it may be exercised, and the events upon which it shall lapse) shall be as
determined by the Administrator in its sole discretion and reflected in the Restricted Share Purchase Agreement. 
  

 -11- 








 (ii) Leave of Absence. The Administrator shall have the discretion to
determine whether and to what extent the lapsing of Company repurchase rights shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any such unpaid leave
(unless otherwise required by the Applicable Laws). In the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant’s returning from military leave
(under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given “vesting” credit with respect to Shares purchased pursuant to the
Restricted Share Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company throughout the leave on the same terms as he or she was providing services immediately prior to such leave.

 (iii) Termination for Cause. In the event of termination of a Participant’s Continuous Service Status
for Cause, the Company shall have the right to repurchase from the Participant vested Shares issued upon exercise of a Share Purchase Right granted to any person other than an officer, Director or Consultant prior to the date, if any, upon which the
Ordinary Shares become a Listed Security upon the following terms: (A) the repurchase must be made within 90 days of termination of the Participant’s Continuous Service Status for Cause at the Fair Market Value of the Shares as of the date
of termination, (B) consideration for the repurchase consists of cash or cancellation of purchase money indebtedness, and (C) the repurchase right terminates upon the effective date of the Company’s initial public offering of its
Ordinary Shares. With respect to vested Shares issued upon exercise of a Share Purchase Right granted to any officer, Director or Consultant, the Company’s right to repurchase such Shares upon termination of such Participant’s Continuous
Service Status for Cause shall be made at the Participant’s original cost for the Shares and shall be effected pursuant to such terms and conditions, and at such time, as the Administrator shall determine. Nothing in this Section 11(b)(ii)
shall in any way limit the Company’s right to purchase unvested Shares as set forth in the applicable Restricted Share Purchase Agreement. 
 (c) Other Provisions. The Restricted Share Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its
sole discretion. In addition, the provisions of Restricted Share Purchase Agreements need not be the same with respect to each purchaser. 
 (d) Rights as a Shareholder. Once the Share Purchase Right is exercised, the purchaser shall have the rights equivalent to those of a shareholder, and shall be a shareholder when his or her purchase
is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Share Purchase Right is exercised, except as provided in
Section 14 of the Plan. 
  

 -12- 








 12. Taxes. 
 (a) As a condition of the grant, vesting or exercise of an Option or Share Purchase Right granted under the Plan, the Participant (or
in the case of the Participant’s death, the person exercising the Option or Share Purchase Right) shall make such arrangements as the Administrator may require for the satisfaction of any applicable federal, state, local or foreign withholding
tax obligations that may arise in connection with such grant, vesting or exercise of the Option or Share Purchase Right or the issuance of Shares. The Company shall not be required to issue any Shares under the Plan until such obligations are
satisfied. If the Administrator allows the withholding or surrender of Shares to satisfy a Participant’s tax withholding obligations under this Section 12 (whether pursuant to Section 12(c), (d) or (e), or otherwise), the
Administrator shall not allow Shares to be withheld in an amount that exceeds the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes. 
 (b) In the case of an Employee and in the absence of any other arrangement, the Employee shall be deemed to have directed the Company
to withhold or collect from his or her compensation an amount sufficient to satisfy such tax obligations from the next payroll payment otherwise payable after the date of an exercise of the Option or Share Purchase Right. 
 (c) This Section 12(c) shall apply only after the date, if any, upon which the Ordinary Shares becomes a Listed Security. In the
case of Participant other than an Employee (or in the case of an Employee where the next payroll payment is not sufficient to satisfy such tax obligations, with respect to any remaining tax obligations), in the absence of any other arrangement and
to the extent permitted under the Applicable Laws, the Participant shall be deemed to have elected to have the Company withhold from the Shares to be issued upon exercise of the Option or Share Purchase Right that number of Shares having a Fair
Market Value determined as of the applicable Tax Date (as defined below) equal to the amount required to be withheld. For purposes of this Section 12, the Fair Market Value of the Shares to be withheld shall be determined on the date that the
amount of tax to be withheld is to be determined under the Applicable Laws (the “Tax Date”). 
 (d) If
permitted by the Administrator, in its discretion, a Participant may satisfy his or her tax withholding obligations upon exercise of an Option or Share Purchase Right by surrendering to the Company Shares that have a Fair Market Value determined as
of the applicable Tax Date equal to the amount required to be withheld. In the case of shares previously acquired from the Company that are surrendered under this Section 12(d), such Shares must have been owned by the Participant for more than
six (6) months on the date of surrender (or such other period of time as is required for the Company to avoid adverse accounting charges). 
 (e) Any election or deemed election by a Participant to have Shares withheld to satisfy tax withholding obligations under Section 12(c) or (d) above shall be irrevocable as to the particular Shares as to
which the election is made and shall be subject to the consent or disapproval of the Administrator. Any election by a Participant under Section 12(d) above must be made on or prior to the applicable Tax Date. 
 (f) In the event an election to have Shares withheld is made by a Participant and the Tax Date is deferred under Section 83 of the
Code because no election is filed under Section 83(b) of the Code, the Participant shall receive the full number of Shares with respect to which the Option or Share Purchase Right is exercised but such Participant shall be unconditionally
obligated to tender back to the Company the proper number of Shares on the Tax Date. 
  

 -13- 








 13. Non-Transferability of Options and Share Purchase Rights. 
 (a) General. Except as set forth in this Section 13, Options and Share Purchase Rights may not be sold, pledged,
assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution; provided that, after the date, if any, upon which the Ordinary Shares become a Listed Security, the Administrator may in
its discretion grant transferable Nonstatutory Share Options pursuant to Option Agreements specifying (i) the manner in which such Nonstatutory Share Options are transferable and (ii) that any such transfer shall be subject to the
Applicable Laws. The designation of a beneficiary by an Optionee will not constitute a transfer. An Option or Share Purchase Right may be exercised, during the lifetime of the holder of an Option or Share Purchase Right, only by such holder or a
transferee permitted by this Section 13. 
 (b) Limited Transferability Rights. Notwithstanding anything
else in this Section 13, the Administrator may in its discretion grant Nonstatutory Share Options that may be transferred by instrument to an inter vivos or testamentary trust in which the Options are to be passed to beneficiaries upon the
death of the trustor (settlor) or by gift or pursuant to domestic relations orders to “Immediate Family Members” (as defined below) of the Optionee. “Immediate Family” means any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships), a trust in which these persons have more than
fifty percent of the beneficial interest, a foundation in which these persons (or the Optionee) control the management of assets, and any other entity in which these persons (or the Optionee) own more than fifty percent of the voting interests.

 14. Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions. 
 (a) Changes in Capitalization. Subject to any action required under Applicable Laws by the shareholders of the Company,
the number of Shares covered by each outstanding award and the number of Shares that have been authorized for issuance under the Plan but as to which no awards have yet been granted or that have been returned to the Plan upon cancellation or
expiration of an award, as well as the price per Share of Shares covered by each such outstanding award, shall be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a stock split, reverse stock split,
stock dividend, combination, recapitalization or reclassification of the Shares, or any other increase or decrease in the number of issued Shares effected without receipt of consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and
conclusive. Except as expressly provided herein, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or
price of Shares subject to an award. 
  

 -14- 








 (b) Dissolution or Liquidation. In the event of the dissolution or
liquidation of the Company, each Option and Share Purchase Right will terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator. 
 (c) Corporate Transaction. In the event of a Change of Control, each outstanding Option or Share Purchase Right shall be
assumed or an equivalent option or right shall be substituted by such successor corporation or a parent or subsidiary of such successor corporation (the “Successor Corporation”), unless the Successor Corporation does not agree to
assume the award or to substitute an equivalent option or right, in which case such Option or Share Purchase Right shall terminate upon the consummation of the transaction. 
 For purposes of this Section 14(c), an Option or Share Purchase Right shall be considered assumed, without limitation, if, at the
time of issuance of the shares or other consideration upon a Corporate Transaction or a Change of Control, as the case may be, each holder of an Option or Share Purchase Right would be entitled to receive upon exercise of the award the same number
and kind of shares or the same amount of property, cash or securities as such holder would have been entitled to receive upon the occurrence of the transaction if the holder had been, immediately prior to such transaction, the holder of the number
of Shares covered by the award at such time (after giving effect to any adjustments in the number of Shares covered by the Option or Share Purchase Right as provided for in this Section 14); provided that if such consideration received in the
transaction is not solely common stock of the Successor Corporation, the Administrator may, with the consent of the Successor Corporation, provide for the consideration to be received upon exercise of the award to be solely common stock of the
Successor Corporation equal to the Fair Market Value of the per Share consideration received by holders of Shares in the transaction. 
 (d) Certain Distributions. In the event of any distribution to the Company’s shareholders of securities of any other entity or other assets (other than dividends payable in cash or shares of the
Company) without receipt of consideration by the Company, the Administrator may, in its discretion, appropriately adjust the price per share of Shares covered by each outstanding Option or Share Purchase Right to reflect the effect of such
distribution. 
 15. Time of Granting Options and Share Purchase Rights. The date of grant of an Option or Share Purchase
Right shall, for all purposes, be the date on which the Administrator makes the determination granting such Option or Share Purchase Right, or such other date as is determined by the Administrator, provided that in the case of any Incentive Share
Option, the grant date shall be the later of the date on which the Administrator makes the determination granting such Incentive Share Option or the date of commencement of the Optionee’s employment relationship with the Company. Notice of the
determination shall be given to each Employee or Consultant to whom an Option or Share Purchase Right is so granted within a reasonable time after the date of such grant. 
  


 -15- 








 16. Amendment and Termination of the Plan. 
 (a) Authority to Amend or Terminate. The Board may at any time amend, alter, suspend or discontinue the Plan, but no
amendment, alteration, suspension or discontinuation (other than an adjustment pursuant to Section 14 above) shall be made that would materially and adversely affect the rights of any Optionee or holder of Share Purchase Rights under any
outstanding grant, without his or her consent. In addition, to the extent necessary and desirable to comply with the Applicable Laws, the Company shall obtain shareholder approval of any Plan amendment in such a manner and to such a degree as
required. 
 (b) Effect of Amendment or Termination. Except as to amendments which the Administrator has the
authority under the Plan to make unilaterally, no amendment or termination of the Plan shall materially and adversely affect Options or Share Purchase Rights already granted, unless mutually agreed otherwise between the Optionee or holder of Share
Purchase Rights and the Administrator, which agreement must be in writing and signed by the Optionee or holder and the Company. 
 17.
Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to
issue or deliver any Shares under the Plan unless such issuance or delivery would comply with the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. As a condition to the exercise of an Option or
Share Purchase Right, the Company may require the person exercising the award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute
such Shares if, in the opinion of counsel for the Company, such a representation is required by law. Shares issued upon exercise of awards granted prior to the date on which the Ordinary Shares becomes a Listed Security shall be subject to a right
of first refusal in favor of the Company pursuant to which the Participant will be required to offer Shares to the Company before selling or transferring them to any third party on such terms and subject to such conditions as is reflected in the
applicable Option Agreement or Restricted Share Purchase Agreement. 
 18. Reservation of Shares. The Company, during the
term of this Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 
 19. Agreements. Options and Share Purchase Rights shall be evidenced by Option Agreements and Restricted Share Purchase Agreements, respectively, in such form(s) as the Administrator shall from time
to time approve. 
 20. Shareholder Approval. If required by the Applicable Laws, continuance of the Plan shall be subject
to approval by the shareholders of the Company within twelve (12) months before or after the date the Plan is adopted. Such shareholder approval shall be obtained in the manner and to the degree required under the Applicable Laws. 

21. Information and Documents to Optionees and Purchasers. Prior to the date, if any, upon which the Ordinary Shares become a Listed
Security and if required by the Applicable Laws, the Company shall provide financial statements at least annually to each Optionee and holder of Share Purchase Rights and to each individual who acquired Shares pursuant to the Plan, during the period
such Optionee or purchaser has one or more Options or Share Purchase Rights outstanding, and in the case of an individual who acquired Shares pursuant to the Plan, during the period such individual owns such Shares. The Company shall not be required
to provide such information if the issuance of Options or Share Purchase Rights under the Plan is limited to key employees whose duties in connection with the Company assure their access to equivalent information. 
  

 -16-