EX-10.24



 Exhibit 10.24 

MAUSER GROUP, N.V.  

SHARE INCENTIVE PLAN 

ARTICLE 1. 
 PURPOSE

 The purpose of the Mauser Group, N.V. Share Incentive Plan (the “Plan”) is to promote the success and enhance the
value of Mauser Group N.V., a public limited liability company (naamloze vennootschap) incorporated under the laws of the Netherlands (the “Company”) by linking the personal interests of Employees and members of the Board to
those of Company shareholders and by providing such individuals with incentives to generate returns to Company shareholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the
services of Employees and members of the Board upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. 

ARTICLE 2. 
 DEFINITIONS
AND CONSTRUCTION 
 Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context
clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates. 

2.1    “Administrator” shall mean the body that conducts the general administration of the Plan as
provided in Article 9. With reference to the duties of the Committee under the Plan which have been delegated to one or more persons pursuant to Section 9.6, or as to which the Board has assumed, the term “Administrator” shall refer
to such person(s) unless the Committee or the Board has revoked such delegation or the Board has terminated the assumption of such duties. 

2.2    “Affiliate” means, with respect to any Person, (a) any other Person that directly or
indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question and (b) any entity in which the Company has a significant equity interest, in either case as determined by the
Administrator. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by
contract or otherwise. 
 2.3    “Applicable Laws” means (i) the laws of the Netherlands;
(ii) the legal requirements relating to the Plan and the Awards under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders of any jurisdiction applicable to Awards granted to
residents; and (iii) the rules of any applicable securities exchange, national market system, automated quotation system or multilateral trading facility on which the Shares are listed, quoted or traded. 

2.4    “Article” means an article of this Plan. 







 2.5    “Award” shall mean an Option, a Restricted Share Unit
award, a Dividend Equivalents award, a Share Payment award or a Share Appreciation Right, which may be awarded or granted under the Plan (collectively, “Awards”). 

2.6    “Award Agreement” shall mean any written notice, agreement, terms and conditions, contract or
other instrument or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine consistent with the Plan. 

2.7    “Board” shall mean the board of directors (het bestuur) of the Company. 

2.8    “Code” shall mean the United States Internal Revenue Code of 1986, as amended from time to time.

 2.9    “Committee” shall mean the Compensation Committee of the Board, or another committee or
subcommittee of the Board, appointed as provided in Section 9.1. 
 2.10    “Company” shall mean
Mauser Group N.V., a public limited liability company, (naamloze vennootschap), incorporated under the laws of the Netherlands, registered with the trade register of the Chamber of Commerce under number 60575530 and having its statutory seat
in Amsterdam. 
 2.11    “Corporate Transaction” means any of the following transactions, provided,
however, that the Committee shall determine under (e) and (f) whether multiple transactions are related, and its determination shall be final, binding and conclusive: 

(a)    a legal merger, demerger, amalgamation, arrangement, consolidation or scheme of arrangement in which the Company is
not the surviving entity, except for a transaction (i) the principal purpose of which is to change the jurisdiction in which the Company is incorporated, or (ii) which following such transaction the holders of the Company’s voting
securities immediately prior to such transaction own, in substantially the same proportion as immediately prior to the transaction, fifty percent (50%) or more of the surviving entity or the parent of the surviving entity; 

(b)    the direct or indirect acquisition by any person or related group of persons (other than an acquisition from or by
the Company or by a Company-sponsored employee benefit plan or by a person that directly or indirectly controls, is controlled by, or is under common control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities pursuant to a tender or exchange offer
made directly to the Company’s shareholders which a majority of the Incumbent Board (as defined below) who are not affiliates or associates of the offeror under Rule 12b-2 promulgated under the
Exchange Act do not recommend such shareholders accept, or 
 (c)    the sale, transfer or other disposition of all or
substantially all of the assets of the Company (other than to an Affiliate); 

  
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 (d)    the completion of a voluntary or insolvent liquidation or dissolution
of the Company; 
 (e)    any reverse takeover, scheme of arrangement, or series of related transactions culminating in
a reverse takeover or scheme of arrangement (including, but not limited to, a tender offer followed by a reverse takeover) in which the Company survives but (i) the Shares of the Company outstanding immediately prior to such transaction are
converted or exchanged by virtue of the transaction into other property, whether in the form of securities, cash or otherwise, or (ii) in which securities possessing more than fifty percent (50%) of the total combined voting power of the
Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such transaction culminating in such takeover or scheme of arrangement, but excluding any such
transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction; or 

(f)    acquisition in a single or series of related transactions by any person or related group of persons (other than the
Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities possessing more than fifty percent (50%) of the total
combined voting power of the Company’s outstanding securities but excluding any such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction. 

2.12    “Director” shall mean a member of the Board, as constituted from time to time. 

2.13    “Dividend Equivalent” shall mean a right to receive the equivalent value (in cash or Shares) of
dividends paid on Shares, awarded under Section 6.1. 
 2.14    “Effective Date” shall mean the
date the Plan is adopted at a general meeting of the Company and, thereafter, approved by the Board. 

2.15    “Eligible Individual” shall mean any person who is an Employee or a Director, as determined by
the Administrator; provided, however, that Awards shall not be granted to Directors who are resident of any country which pursuant to Applicable Law does not allow grants to non-employees. 

2.16    “Employee” means any person who is in the employ of a Service Recipient, subject to the control
and direction of the Service Recipient as to both the work to be performed and the manner and method of performance. The payment of a director’s fee by a Service Recipient shall not be sufficient to constitute “employment” by the
Service Recipient. 
 2.17    “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended
from time to time. 
 2.18    “Fair Market Value” means, as of any date, the value of Shares determined
as follows: 
 (a)    If the Shares are listed on one or more established and regulated securities exchanges, national
market systems, automated quotation system or multilateral trading facility 

  
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on which Shares are listed, quoted or traded, its Fair Market Value shall be the closing sales price for such shares (or the closing bid, if no sales were reported) as quoted on the principal
exchange or system on which the Shares are listed (as determined by the Administrator) on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales
price or closing bid was reported), as reported in such source as the Administrator deems reliable; 
 (b)    If
depository receipts representing the Shares are listed on one or more established stock exchanges or traded on an automated quotation systems, the Fair Market Value shall be the closing sales price for such depository receipts (or the closing bid,
if no sales were reported) as quoted on the principal exchange or system on the date of determination, as reported in such source as the Administrator deems reliable, multiplied by the number of Shares that are represented by such depository
receipts, or, if the date of determination is not a trading day, the closing sales price as quoted on the principal exchange or system on which the Shares are listed or traded on the trading day immediately preceding the date of determination; 

(c)    If the Shares are not listed on an established securities exchange, notational market system or automated quotation
system, but are regularly quoted by a recognized securities dealer, its Fair Market Value shall be the closing sales price for such shares as quoted by such securities dealer on the date of determination, but if selling prices are not reported, the
Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in such
source as the Administrator deems reliable; or 
 (d)    In the absence of an established market for the Shares, the
Fair Market Value thereof shall be determined by the Administrator in good faith based on such relevant methodologies or information as the Administrator determines to be indicative of Fair Market Value. 

2.19    “Holder” shall mean a person who has been granted an Award. 

2.20    “Option” shall mean a right to purchase of Shares at a specified exercise price, granted under
Article 5. 
 2.21    “Person” means individual, corporation, partnership, limited liability company,
association, joint-stock company, trust, unincorporated organization, government or political subdivision thereof or other entity. 

2.22    “Plan” shall mean this Mauser Group N.V. Share Incentive Plan, as it may be amended or restated
from time to time. 
 2.23    “Restricted Share Units” shall mean the right to receive Shares awarded
under Section 7.4. 
 2.24     “Service Recipient” means the Company or any Affiliate of the
Company to which an Eligible Individual provides services as an Employee or as a Director. 

  
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 2.25    “Share” means an ordinary share in the capital of
the Company, and such other securities of the Company that may be substituted for Shares pursuant to Article 11. 

2.26    “Share Appreciation Right” shall mean a share appreciation right granted under Article 7. 

2.27    “Share Payment” shall mean (a) a payment in the form of Shares, or (b) an option or
other right to purchase Shares, as part of a bonus, deferred compensation or other arrangement, awarded under Section 6.2. 

2.28    “Substitute Award” shall mean an Award granted under the Plan upon the assumption of, or in
substitution for, outstanding equity awards previously granted by a company or other entity in connection with a Corporate Transaction; provided, however, that in no event shall the term “Substitute Award” be construed to
refer to an award made in connection with the cancellation and repricing of an Option or Share Appreciation Right. 

2.29    “Termination of Service” shall mean, 

(a)    As to a Director, the time when a Holder who is a Director ceases to be a Director for any reason, including,
without limitation, a termination by resignation, failure to be elected, death or retirement, but excluding terminations where the Holder simultaneously commences or remains in employment or service with the Company or an Affiliate of the Company.

 (b)    As to an Employee, the time when the employee-employer relationship between a Holder and the Service Recipient
is terminated for any reason, including, without limitation, a termination by resignation, discharge, death, disability or retirement; but excluding terminations where the Holder simultaneously commences or remains in employment or service with the
Company or any Affiliate of the Company. 
 The Administrator, in its sole discretion, shall determine the effect of all matters and
questions relating to Terminations of Service, including, without limitation, the question of whether a Termination of Service resulted from a discharge for cause and all questions of whether particular leaves of absence constitute a Termination of
Service. For purposes of the Plan, a Holder’s employee-employer relationship or consultancy relations shall be deemed to be terminated in the event that an Affiliate of the Company employing or contracting with such Holder ceases to be an
Affiliate of the Company following any merger, sale of securities or other corporate transaction or event (including, without limitation, a spin-off). 

2.30    “Trading Date” means the closing of the first sale to the general public of the Shares pursuant
to an effective registration statement under Applicable Laws, which results in the Shares being publicly traded on one or more established stock exchanges, national market systems or multilateral trading facility. 

  
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 ARTICLE 3. 

SHARES SUBJECT TO THE PLAN 

3.1    Number of Shares. 

(a)    Subject to Section 11.1 and Section 3.1(b) the aggregate number of Shares which may be issued or transferred
pursuant to Awards under the Plan is 2,859,570. 
 (b)    To the extent that an Award terminates, expires, or lapses for
any reason, or is settled in cash and not Shares, then any Shares subject to the Award shall again be available for the grant of an Award pursuant to the Plan. Shares tendered by a Holder or withheld by the Company in payment of the exercise price
of an Option and Shares tendered by the Holder or withheld by the Company to satisfy any tax withholding obligation with respect to an Award shall not again be available for regrant as an Award under the Plan. Any Shares repurchased by the Company
under Section 8.4 at the same price paid by the Holder so that such Shares are returned to the Company will again be available for Awards. To the extent permitted by Applicable Laws, Shares issued in assumption of, or in substitution for, any
outstanding awards of any entity acquired in any form of combination by the Company or any Affiliate of the Company shall not be counted against Shares available for grant pursuant to the Plan. The payment of Dividend Equivalents in cash in
conjunction with any outstanding Awards shall not be counted against the Shares available for issuance under the Plan. 
 ARTICLE 4.

 GRANTING OF AWARDS 

4.1    Participation. The Administrator may, from time to time, select from among all Eligible Individuals, those
to whom an Award shall be granted and shall determine the nature and amount of each Award, which shall not be inconsistent with the requirements of the Plan. No Eligible Individual shall have any right to be granted an Award pursuant to the Plan.

 4.2    Award Agreement. Each Award shall be evidenced by an Award Agreement. 

4.3    Directors. Awards that are to be granted to Directors will be linked to financial targets as well as the
individual and qualitative targets of the Directors, as determined annually by the Compensation Committee. Awards to Directors must be made in accordance with the Remuneration Policy of the Company as in effect from time to time, or as otherwise
determined by the general meeting of the Company. 
 4.4    Jurisdictions. Notwithstanding any provision of the
Plan to the contrary, in order to comply with the laws in the jurisdictions in which the Service Recipients operate or have Eligible Individuals, or in order to comply with the requirements of any securities exchange, the Administrator, in its sole
discretion, shall have the power and authority to: (a) determine which Affiliates of the Company shall be covered by the Plan; (b) determine which Eligible Individuals are eligible to participate in the Plan; (c) modify the terms and
conditions of any Award granted to Eligible Individuals to comply with Applicable Laws; (d) establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary


  
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or advisable (any such subplans and/or modifications shall be attached to the Plan as appendices); provided, however, that no such subplans and/or modifications shall increase the share
limitations contained in Sections 3.1; and (e) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any Applicable Laws including necessary local governmental regulatory exemptions or
approvals or listing requirements of any such securities exchange. Notwithstanding the foregoing, the Administrator may not take any actions hereunder, and no Awards shall be granted, that would violate the any Applicable Laws. 

4.5    Stand-Alone and Tandem Awards. Awards granted pursuant to the Plan may, in the sole discretion of the
Administrator, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be granted either at the same time as or at a different time
from the grant of such other Awards. The exercise of any Award granted in tandem with an Option to an individual subject to taxation in the United States may not be linked to the exercise of the Option, without compliance with Section 409A of the
Code, or the Holder’s consent. 
 ARTICLE 5. 

OPTIONS 

5.1    General. The Administrator is authorized to grant Options to Eligible Individuals on the following terms and
conditions: 
 (a)    Exercise Price. The exercise price per Share subject to an Option shall be determined by
the Administrator and set forth in the Award Agreement which may be a fixed or variable price related to the Fair Market Value of the Shares. The exercise price per Share subject to an Option may be amended or adjusted in the absolute discretion of
the Administrator, the determination of which shall be final, binding and conclusive. For the avoidance of doubt, to the extent not prohibited by Applicable Laws (including any applicable exchange rule), a downward adjustment of the exercise prices
of Options mentioned in the preceding sentence shall be effective without the approval of the Company’s shareholders or the approval of the affected Holders. Notwithstanding anything to the contrary in this Section 5.1(a), no Option may be
granted to an individual subject to taxation in the United States at less than the Fair Market Value on the date of grant, nor may the exercise price of such Options be amended or adjusted without compliance with Section 409A of the Code, or the
Holder’s consent. 
 (b)    Exercise Periods. The period during which a Holder acquires the right to
exercise, in whole or in part, an Option shall be set by the Administrator and the Administrator may determine that an Option may not be exercised in whole or in part for a specified period after it is granted. Such exercise periods may be based on
service with the Service Recipient or any other criteria selected by the Administrator. At any time after grant of an Option, the Administrator may, in its sole discretion and subject to whatever terms and conditions it selects, accelerate the
period during which an Option becomes exercisable. 
 (c)    Time and Conditions of Exercise. The Administrator
shall determine the time or times at which an Option may be exercised in whole or in part and whether a partial exercise must be made with respect to a minimum number of shares. The Administrator shall


  
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also determine any conditions, if any, that must be satisfied before all or part of an Option may be exercised. Options may only be exercised in compliance with all Applicable Laws regarding
insider trading and market abuses, as well as, the Company’s insider trading policy and the market trading blackout periods included therein. 

(d)    Partial Exercise. An exercisable Option may be exercised in whole or in part. However, the Administrator may
require that, by the terms of the Option, a partial exercise must be with respect to a minimum number of shares. 

(e)    Manner of Exercise. All or a portion of an exercisable Option shall be deemed exercised upon delivery of all
of the following to the Secretary of the Company, or such other person or entity designated by the Administrator, or his, her or its office, as applicable: 

(i)    A written or electronic notice complying with the applicable rules established by the Administrator
stating that the Option, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Option or such portion of the Option; 

(ii)    Such representations and documents as the Administrator, in its sole discretion, deems necessary or
advisable to effect compliance with all Applicable Laws or regulations, and the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded. The Administrator may, in its sole discretion, also take
whatever additional actions it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing stop-transfer notices to agents and registrars; 

(iii)    In the event that the Option shall be exercised pursuant to Section 8.3 by any person or
persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Option, as determined in the sole discretion of the Administrator; and 

(iv)    Full payment of the exercise price and applicable withholding taxes to share administrator of the
Company for the Shares with respect to which the Option, or portion thereof, is exercised, in a manner permitted by Section 8.1 and 8.2. 

(f)    Issuance of Shares. As soon a reasonably practicable after the Company has received the exercise notice from
the Holder or after the Holder has initiated the exercise of the Options in such manner as designated by the Administrator, the Administrator shall procure the delivery of Shares to the Holder in respect of the Options that are exercised in
accordance with Applicable Laws. 
 (g)    Term. The term of any Option granted under the Plan shall not exceed
ten years. Except as limited by the requirements of Section 409A of the Code and regulations and rulings thereunder, the Administrator may extend the term of any outstanding Option, and may extend the time period during which vested Options may be
exercised, in connection with any Termination of Service of the Holder, and may amend any other term or condition of such Option relating to such a Termination of Service. 

  
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 (h)    Evidence of Grant. All Options shall be evidenced by an Award
Agreement between the Company and the Holder. The Award Agreement shall include such additional provisions as may be specified by the Administrator. 

5.2    Substitute Awards. Notwithstanding the foregoing provisions of this Article 5 to the contrary, in the case
of an Option that is a Substitute Award, the price per share of the shares subject to such Option may be less than the Fair Market Value per share on the date of grant, provided, that the excess of: (a) the aggregate Fair Market Value
(as of the date such Substitute Award is granted) of the shares subject to the Substitute Award, over (b) the aggregate exercise price thereof does not exceed the excess of: (i) the aggregate fair market value (as of the time immediately
preceding the transaction giving rise to the Substitute Award, such fair market value to be determined by the Administrator) of the shares of the predecessor entity that were subject to the grant assumed or substituted for by the Company, over
(ii) the aggregate exercise price of such shares. 
 5.3    Substitution of Share Appreciation Rights. The
Administrator may provide in the Award Agreement evidencing the grant of an Option that the Administrator, in its sole discretion, shall have the right to substitute a Share Appreciation Right for such Option at any time prior to or upon exercise of
such Option; provided, that such Share Appreciation Right shall be exercisable with respect to the same number of Shares for which such substituted Option would have been exercisable. 

ARTICLE 6. 
 AWARD OF
DIVIDEND EQUIVALENTS, SHARE PAYMENTS, RESTRICTED SHARE UNITS 
 6.1    Dividend Equivalents. 

(a)    Dividend Equivalents may be granted by the Administrator based on dividends declared on the Shares, to be credited
as of dividend payment dates during the period between the date an Award is granted to a Holder and the date such Award vests, is exercised, is distributed or expires, as determined by the Administrator. Such Dividend Equivalents shall be converted
to cash or additional Shares by such formula and at such time and subject to such limitations as may be determined by the Administrator. Notwithstanding anything in this Section 6.1(a) to the contrary, Dividend Equivalents on Options granted to an
individual subject to taxation in the United States may not be linked to the exercise of the Option without compliance with Section 409A of the Code, or the Holder’s consent. 

6.2    Share Payments. The Administrator is authorized to make Share Payments to any Eligible Individual. The
number or value of shares of any Share Payment shall be determined by the Administrator and may be based upon any other criteria, including service to the Service Recipients, determined by the Administrator. Share Payments may, but are not required
to be made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to such Eligible Individual. 

  
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 6.3    Restricted Share Units. The Administrator is authorized to
grant Restricted Share Units to any Eligible Individual. The number and terms and conditions of Restricted Share Units shall be determined by the Administrator. The Administrator shall specify the date or dates on which the Restricted Share Units
shall become nonforfeitable, and may specify such conditions to vesting as it deems appropriate, including service to the Service Recipients, in each case on a specified date or dates or over any period or periods, as the Administrator determines.
The Administrator shall specify, or permit the Holder to elect, the conditions and dates upon which the Shares underlying the Restricted Share Units which shall be issued, which dates shall not be earlier than the date as of which the Restricted
Share Units become nonforfeitable and which conditions and dates shall be subject to compliance with Section 409A of the Code, to the extent applicable to the Holder. On the distribution dates, the Company shall issue to the Holder one unrestricted
fully transferable Share (or the Fair Market Value of one such Share in cash) for each nonforfeitable Restricted Share Unit in accordance with Applicable Laws. 

6.4    Term. The term of a Dividend Equivalent award, Share Payment award and/or Restricted Share Unit award shall
be set by the Administrator in its sole discretion. 
 6.5    Exercise or Purchase Price. The Administrator may
establish the exercise or purchase price of Shares distributed as a Share Payment award or Shares distributed pursuant to a Restricted Share Unit award; provided, however, that value of the consideration shall not be less than the par value
per Share so awarded. 
 ARTICLE 7. 

AWARD OF SHARE APPRECIATION RIGHTS 

7.1    Grant of Share Appreciation Rights. 

(a)    The Administrator is authorized to grant Share Appreciation Rights to Eligible Individuals from time to time, in its
sole discretion, on such terms and conditions as it may determine consistent with the Plan. The term of any Share Appreciation Right granted under the Plan shall not exceed ten years. Except as limited by the requirements of Section 409A of the Code
and regulations and rulings thereunder, the Administrator may extend the term of any outstanding Share Appreciation Right, and may extend the time period during which vested Share Appreciation Rights may be exercised, in connection with any
Termination of Service of the Holder, and may amend any other term or condition of such Share Appreciation Right relating to such a Termination of Service. 

(b)    A Share Appreciation Right shall entitle the Holder (or other person entitled to exercise the Share Appreciation
Right pursuant to the Plan) to exercise all or a specified portion of the Share Appreciation Right (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount in cash or the number of Shares with a Fair Market
Value equal to such amount, determined by multiplying the difference obtained by subtracting the exercise price per share of the Share Appreciation Right from the Share Value on the date of exercise of the Share Appreciation Right by the number of
shares of Shares with respect to which the Share Appreciation Right shall have been exercised, subject to any limitations the Administrator may impose. 

  
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 (c)    The exercise price per Share subject to a Share Appreciation Right
shall be determined by the Administrator and set forth in the Award Agreement which may be a fixed or variable price related to the Fair Market Value of the Shares. The exercise price per Share subject to a Share Appreciation Right may be amended or
adjusted in the absolute discretion of the Administrator, the determination of which shall be final, binding and conclusive. For the avoidance of doubt, to the extent not prohibited by Applicable Laws (including any applicable securities exchange
rule), a downward adjustment of the exercise prices of Share Appreciation Rights mentioned in the preceding sentence shall be effective without the approval of the Company’s shareholders or the approval of the affected Holders. Notwithstanding
anything to the contrary in this Section 7.1(c), no Share Appreciation Right may be granted to an individual subject to taxation in the United States at less than the Fair Market Value on the date of grant, nor may the exercise price of such Share
Appreciation Rights be amended or adjusted without compliance with Section 409A of the Code, or the Holder’s consent. 

(d)    In the case of an Share Appreciation Right that is a Substitute Award, the price per share of the Shares subject to
such Share Appreciation Right may be less than the Fair Market Value per share on the date of grant, provided, that the excess of: (i) the aggregate Fair Market Value (as of the date such Substitute Award is granted) of the Shares
subject to the Substitute Award, over (ii) the aggregate exercise price thereof does not exceed the excess of: (x) the aggregate fair market value (as of the time immediately preceding the transaction giving rise to the Substitute Award,
such fair market value to be determined by the Administrator) of the shares of the predecessor entity that were subject to the grant assumed or substituted for by the Company, over (y) the aggregate exercise price of such shares. 

7.2    Share Appreciation Right Exercise Periods. The period during which the Holder acquires the right to
exercise, in whole or in part, a Share Appreciation Right shall be set by the Administrator and the Administrator may determine that a Share Appreciation Right may not be exercised in whole or in part for a specified period after it is granted. Such
exercise periods may be based on service with the Service Recipients, or any other criteria selected by the Administrator. At any time after grant of a Share Appreciation Right, the Administrator may, in its sole discretion and subject to whatever
terms and conditions it selects, accelerate the period during which a Share Appreciation Right becomes exercisable. 

7.3    Manner of Exercise. All or a portion of an exercisable Share Appreciation Right shall be deemed exercised
upon delivery of all of the following to the Administrator, or such other person or entity designated by the Administrator, or his, her or its office, as applicable: 

(a)    A written or electronic notice complying with the applicable rules established by the Administrator stating that
the Share Appreciation Right, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Share Appreciation Right or such portion of the Share Appreciation Right; 

(b)    Such representations and documents as the Administrator, in its sole discretion, deems necessary or advisable to
effect compliance with all applicable provisions of the United States Securities Act of 1933, as amended, and any other federal, state or foreign securities laws or regulations. The Administrator may, in its sole discretion, also take whatever
additional actions it deems appropriate to effect such compliance; and 

  
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 (c)    In the event that the Share Appreciation Right shall be exercised
pursuant to this Section 7.3 by any person or persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Share Appreciation Right, in the sole discretion of the Administrator. 

7.4    Payment. Amounts payable upon exercise of a Share Appreciation Right shall be in cash. 

ARTICLE 8. 
 ADDITIONAL
TERMS OF AWARDS 
 8.1    Payment. The Administrator shall determine the methods by which payments by any
Holder with respect to any Awards granted under the Plan shall be made, including, without limitation: (a) cash or check, (b) following the Trading Date, delivery of a notice that the Holder has placed a market sell order with a broker
with respect to Shares then issuable upon exercise or vesting of an Award, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the aggregate payments required,
provided, that payment of such proceeds is then made to the Company upon settlement of such sale, (c) Shares (including, in the case of payment of the exercise price of an Award, Shares issuable pursuant to the exercise of the Award) or
Shares held for such minimum period of time as may be established by the Administrator, in each case, having a Fair Market Value on the date of delivery equal to the aggregate payments required, or (d) other form of legal consideration
acceptable to the Administrator. The Administrator shall also determine the methods by which Shares shall be delivered or deemed to be delivered to Holders. Notwithstanding any other provision of the Plan to the contrary, no Holder shall be
permitted to make payment with respect to any Awards granted under the Plan to the extent prohibited by Applicable Laws. 

8.2    Tax Withholding. No Shares shall be delivered under the Plan to any Holder until such Holder has made
arrangements acceptable to the Administrator for the satisfaction of any income, employment, social welfare or other tax withholding obligations under Applicable Laws. Each Service Recipient shall have the authority and the right to deduct or
withhold, or require a Holder to remit to the applicable Service Recipient, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Holder’s employment, social welfare or other tax obligations) required by
Applicable Laws to be withheld with respect to any taxable event concerning a Holder arising as a result of the Plan. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a Holder to elect to have the
Company withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a Fair Market Value on the date of
withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for tax purposes that are applicable to such taxable income. The Administrator shall determine the Fair Market Value of the
Shares, consistent with Applicable Laws, for tax withholding obligations due in connection with a broker-assisted cashless Option or Share Appreciation Right exercise involving the sale of shares to pay the Option or Share Appreciation Right
exercise price or any tax withholding obligation. 

  
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 8.3    Transferability of Awards. 

(a)    Except as otherwise provided in Section 8.3(b): 

(i)    No Award under the Plan may be sold, pledged, assigned or transferred in any manner other than by
will or the laws of descent and distribution or, subject to the consent of the Administrator, as required under applicable domestic relations laws, unless and until such Award has been exercised, or the shares underlying such Award have been issued,
and all restrictions applicable to such shares have lapsed; 
 (ii)    No Award or interest or right
therein shall be liable for the debts, contracts or engagements of the Holder or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means
whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void
and of no effect, except to the extent that such disposition is permitted by the preceding sentence; and 

(iii)    During the lifetime of the Holder, only the Holder may exercise an Award (or any portion thereof)
granted to him under the Plan, unless it has been disposed of pursuant to applicable domestic relations law; after the death of the Holder, any exercisable portion of an Award may, prior to the time when such portion becomes unexercisable under the
Plan or the applicable Award Agreement, be exercised by his personal representative or by any person empowered to do so under the deceased Holder’s will or under the then Applicable Laws of descent and distribution. 

(b)    Notwithstanding Section 8.3(a), the Administrator, in its sole discretion, may determine to permit a Holder to
transfer an Award to certain persons or entities related to the Holder, including but not limited to members of the Holder’s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial owners are members of
the Holder’s family and/or charitable institutions, or to such other persons or entities as may be expressly approved by the Administrator, pursuant to such conditions and procedures as the Administrator may establish, including the following
conditions: (i) an Award transferred shall not be assignable or transferable other than by will or the laws of descent and distribution; (ii) an Award transferred shall continue to be subject to all the terms and conditions of the Award as
applicable to the original Holder (other than the ability to further transfer the Award); and (iii) the Holder and the permitted transferee shall execute any and all documents requested by the Administrator, including, without limitation
documents to (A) confirm the status of the transferee as a permitted transferee, (B) satisfy any requirements for an exemption for the transfer under Applicable Laws and (C) evidence the transfer. 

(c)    Notwithstanding Section 8.3(a), a Holder may, in the manner determined by the Administrator, designate a
beneficiary to exercise the rights of the Holder and to receive any distribution with respect to any Award upon the Holder’s death. A beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is
subject to all terms and conditions of the Plan and any Award Agreement applicable to the Holder, 

  
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except to the extent the Plan and Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Administrator. If the Holder is married and resides
in a community property jurisdiction, a designation of a person other than the Holder’s spouse as his or her beneficiary with respect to more than 50% of the Holder’s interest in the Award shall not be effective without the prior written
or electronic consent of the Holder’s spouse. If no beneficiary has been designated or survives the Holder, payment shall be made to the person entitled thereto pursuant to the Holder’s will or the laws of descent and distribution. Subject
to the foregoing, a beneficiary designation may be changed or revoked by a Holder at any time provided the change or revocation is filed with the Administrator prior to the Holder’s death. 

8.4    Conditions to Issuance of Shares. 

(a)    Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any
certificates or make any book entries evidencing Shares pursuant to the exercise of any Award, unless and until the Board has determined, with advice of counsel, that the issuance of such Shares is in compliance with all Applicable Laws. In addition
to the terms and conditions provided herein, the Administrator may require that a Holder make such reasonable covenants, agreements, and representations as the Administrator, in its discretion, deems advisable in order to comply with any such laws,
regulations, or requirements. 
 (b)    All Shares issued pursuant to book entry procedures are subject to any
stop-transfer orders and other restrictions as the Administrator deems necessary or advisable to comply with all Applicable Laws. The Administrator may place legends on any book entry to reference restrictions applicable to the Shares. 

(c)    The Administrator shall have the right to require any Holder to comply with any timing or other restrictions with
respect to the settlement, distribution or exercise of any Award, including a window-period limitation, as may be imposed in the sole discretion of the Administrator. 

8.5    Forfeiture Provisions. Pursuant to its general authority to determine the terms and conditions applicable to
Awards under the Plan, the Administrator shall have the right to provide, in the terms of Awards made under the Plan, or to require a Holder to agree by separate written instrument, that: (a)(i) any proceeds, gains or other economic benefit actually
or constructively received by the Holder upon any receipt or exercise of the Award, or upon the receipt or resale of any Shares underlying the Award, must be paid to the Company, and (ii) the Award shall terminate and any unexercised portion of
the Award (whether or not vested) shall be forfeited, if (b)(i) a Termination of Service occurs prior to a specified date, or within a specified time period following receipt or exercise of the Award, or (ii) the Holder at any time, or during a
specified time period, engages in any activity in competition with the Company, or which is inimical, contrary or harmful to the interests of the Company, as further defined by the Administrator or (iii) the Holder incurs a Termination of
Service for “cause” (as such term is defined in the sole discretion of the Administrator, or as set forth in a written agreement relating to such Award between the Company and the Holder). 

  
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 8.6    Applicable Currency. Unless otherwise required by Applicable
Laws, or as determined in the discretion of the Administrator, all Awards shall be designated in Euros. A Holder will be required to provide evidence that any currency used to pay the exercise price of any Award were acquired and taken out of the
jurisdiction in which the Holder resides in accordance with Applicable Laws, including foreign exchange control laws and regulations. In the event the exercise price for an Award is paid in a foreign currency other than Euros, as permitted by the
Administrator, the amount payable will be determined by conversion from Euros based on the exchange rate set by a bank selected by the Administrator on the date of exercise. 

ARTICLE 9. 

ADMINISTRATION 

9.1    Administrator. The Committee shall administer the Plan; provided, however, (a) the full Board,
acting by a majority of its members in office, shall conduct the general administration of the Plan with respect to Awards granted to Directors and (b) the Board or Committee may delegate its authority hereunder to the extent permitted by
Section 9.6. 
 9.2    Duties and Powers of Administrator. It shall be the duty of the Administrator to
conduct the general administration of the Plan in accordance with its provisions. The Administrator shall have the power to interpret the Plan and the Award Agreement, and to adopt such rules for the administration, interpretation and application of
the Plan as are not inconsistent therewith, to interpret, amend or revoke any such rules and to amend any Award Agreement provided that the rights or obligations of the Holder of the Award that is the subject of any such Award Agreement are not
affected adversely by such amendment, unless the consent of the Holder is obtained or such amendment is otherwise permitted under Section 10.02 or Article 11. Any such grant or award under the Plan need not be the same with respect to each
Holder. In its sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Administrator under the Plan except with respect to matters which under Applicable Laws are required to be determined in
the sole discretion of the Committee. 
 9.3    Action by the Administrator. Unless otherwise established by the
Board or in any charter of the Committee, a majority of the individuals serving as the Administrator shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in
writing by all members of the Administrator in lieu of a meeting, shall be deemed the acts of the Administrator. Each individual serving as the Administrator is entitled to, in good faith, rely or act upon any report or other information furnished
to that member by any officer or other employee of a Service Recipient, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the
administration of the Plan. 
 9.4    Authority of Administrator. Subject to Section 4.3 and any other
specific designation in the Plan, the Administrator has the exclusive power, authority and sole discretion to: 

(a)    Designate Eligible Individuals to receive Awards; 

  
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 (b)    Determine the type or types of Awards to be granted to each Eligible
Individual; 
 (c)    Determine the number of Awards to be granted and the number of shares of Shares to which an Award
will relate; 
 (d)    Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not
limited to, the exercise price, grant price, or purchase price, any reload provision, any restrictions or limitations on the Award, any schedule for vesting, lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and
accelerations or waivers thereof, and any provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Administrator in its sole discretion
determines; 
 (e)    Determine whether, to what extent, and pursuant to what circumstances an Award may be settled in,
or the exercise price of an Award may be paid in cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

(f)    Prescribe the form of each Award Agreement, which need not be identical for each Holder; 

(g)    Decide all other matters that must be determined in connection with an Award; 

(h)    Establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan;

 (i)    Interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and 

(j)    Make all other decisions and determinations that may be required pursuant to the Plan or as the Administrator deems
necessary or advisable to administer the Plan. 
 9.5    Decisions Binding. The Administrator’s
interpretation of the Plan, any Awards granted pursuant to the Plan, any Award Agreement and all decisions and determinations by the Administrator with respect to the Plan are final, binding, and conclusive on all parties. 

9.6    Delegation of Authority. To the extent permitted by Applicable Laws, the Board or Committee may from time to
time delegate to a committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to Article 9; provided, however, that in no event
shall an officer be delegated the authority to grant awards to, or amend awards held by officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder. Any delegation hereunder shall be subject to the
restrictions and limits that the Board or Committee specifies at the time of such delegation, and the Board or Committee may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this
Section 9.6 shall serve in such capacity at the pleasure of the Board and the Committee. 

  
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 ARTICLE 10. 

MISCELLANEOUS PROVISIONS 

10.1    Expiration Date. The Plan will expire on, and no Award may be granted pursuant to the Plan after, the tenth
anniversary of the Effective Date. Any Awards that are outstanding on the tenth anniversary of the Effective Date shall remain in force according to the terms of the Plan and the applicable Award Agreement until such Awards are exercised, forfeited
or otherwise expire in accordance with their terms. 
 10.2    Amendment, Suspension or Termination of the Plan.
The Board may terminate, amend or modify the Plan at any time, provided that any amendment, modification or termination of the Plan with respect to Directors must be adopted by a general meeting of the Company. Except as provided in the Plan or any
Award Agreement, no amendment, suspension or termination of the Plan shall, without the consent of the Holder, impair any rights or obligations under any Award theretofore granted or awarded. 

10.3    No Shareholders Rights. Except as otherwise provided herein, a Holder shall have none of the rights of a
shareholder with respect to Shares covered by any Award until the Holder becomes the owner of such Shares. 

10.4    Paperless Administration. In the event that the Company establishes, for itself or using the services of a
third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Holder may be
permitted through the use of such an automated system. 
 10.5    Effect of Plan upon Other Compensation Plans.
The adoption of the Plan shall not affect any other compensation or incentive plans in effect for a Service Recipient. Nothing in the Plan shall be construed to limit the right of a Service Recipient: (a) to establish any other forms of
incentives or compensation for Eligible Individuals, or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose including without limitation, the grant or assumption
of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, securities or assets of any corporation, partnership, limited liability company, firm or association. 

10.6    Compliance with Laws. The Plan, the granting and vesting of Awards under the Plan, the exercising of the
Options and the issuance and delivery of Shares and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all Applicable Laws (including but not limited to securities law and margin
requirements) and the insider trading policy of the Company, and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Any
securities delivered under the Plan shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the Company, provide such assurances and representations to the Company as the Company may deem necessary or
desirable to assure compliance with all applicable legal requirements. To the extent permitted by Applicable Laws, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such Applicable Laws.


  
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 10.7    Titles and Headings, References to Sections of the Code or
Exchange Act. The titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of the
Code or the Exchange Act shall include any amendment or successor thereto. 
 10.8    Governing Law. The Plan and
any agreements hereunder shall be administered, interpreted and enforced under the internal laws of the Netherlands without regard to conflicts of laws thereof. 

10.9    Section 409A. To the extent that the Administrator determines that any Award granted under the Plan is
subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in
accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Effective Date.
Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Administrator determines that any Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including
such Department of Treasury guidance as may be issued after the Effective Date), the Administrator may adopt such amendments to the Plan and the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and
procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits
provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance and thereby avoid the application of any penalty taxes under such Section. 

10.10    No Rights to Awards. No Eligible Individual or other person shall have any claim to be granted any Award
pursuant to the Plan, and neither the Company nor the Administrator is obligated to treat Eligible Individuals, Holders or any other persons uniformly. 

10.11    No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall interfere with or
limit in any way the right of the Service Recipient to terminate any Holder’s employment or services at any time, nor confer upon any Holder any right to continue in the employ or service of any Service Recipient. 

10.12    Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive
compensation. With respect to any payments not yet made to a Holder pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Holder any rights that are greater than those of a general creditor of the Company or any
Affiliate thereof. 
 10.13    Indemnification. To the extent allowable pursuant to Applicable Laws, each
individual who is not a Director who serves in the capacity as the Administrator shall be 

  
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indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any
claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction of
judgment in such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own
behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Articles of Association, as a matter of law, or otherwise, or any power
that the Company may have to indemnify them or hold them harmless. 
 10.14    Relationship to other Benefits. No
payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of any Service Recipient except to the extent otherwise
expressly provided in writing in such other plan or an agreement thereunder. 
 10.15    Expenses. The expenses
of administering the Plan shall be borne by the Service Recipients. 
 ARTICLE 11. 

CHANGES IN CAPITAL STRUCTURE 

11.1    Adjustments. In the event of any distribution, combination or exchange of Shares, amalgamation, arrangement
or consolidation, reorganization of the Company, including the Company becoming a subsidiary in a transaction not involving a Corporate Transaction, spin-off, recapitalization or other distribution (other than
normal cash dividends) of Company assets to its shareholders, or any other change affecting the Shares or the share price of a Share, the Administrator shall make such proportionate and equitable adjustments, if any, to reflect such change with
respect to (a) the aggregate number and type of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 and substitutions of shares in a parent or surviving company); (b) the
terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (c) the grant or exercise price per share for any outstanding Awards under the Plan. The
form and manner of any such adjustments shall be determined by the Administrator in its sole discretion. 

11.2    Corporate Transactions. Except as may otherwise be provided in any Award Agreement or any other written
agreement entered into by and between the Company and a Holder, if a Corporate Transaction occurs and a Holder’s Awards are not converted, assumed, or replaced by a successor as provided in Section 11.3, such Awards shall become fully
exercisable and all forfeiture restrictions on such Awards shall lapse. Upon, or in anticipation of, a Corporate Transaction, the Administrator may in its sole discretion provide for (a) any and all Awards outstanding hereunder to terminate at
a specific time in the future and shall give each Holder the right to exercise such Awards during a period of time as the Administrator shall determine, (b) the purchase of any Award for an amount of cash equal to the amount that could


  
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have been attained upon the exercise of such Award or realization of the Holder’s rights had such Award been currently exercisable or payable or fully vested (and, for the avoidance of
doubt, if as of such date the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Holder’s rights, then such Award may be terminated by the Company without
payment), or (c) the replacement of such Award with other rights or property selected by the Administrator in its sole discretion or the assumption of or substitution of such Award by the successor or surviving corporation, or a parent or
subsidiary thereof, with appropriate adjustments as to the number and kind of Shares and prices. 

11.3    Assumption of Awards – Corporate Transactions. In the event of a Corporate Transaction, each Award may
be assumed by the successor entity or Parent thereof in connection with the Corporate Transaction. Except as provided otherwise in an individual Award Agreement, an Award will be considered assumed if the Award either is (a) assumed by the
successor entity or parent thereof or replaced with a comparable award (as determined by the Administrator) with respect to capital shares (or equivalent) of the successor entity or parent thereof or (b) replaced with a cash incentive program
of the successor entity which preserves the compensation element of such Award existing at the time of the Corporate Transaction and provides for subsequent payout in accordance with the same vesting schedule applicable to such Award. If an Award is
assumed in a Corporate Transaction, then such Award, the replacement award or the cash incentive program automatically shall become fully vested, exercisable and payable and be released from any restrictions on transfer (other than transfer
restrictions applicable to Options) and repurchase or forfeiture rights, immediately upon termination of the Holder’s employment or service with all Service Recipients within twelve (12) months of the Corporate Transaction without cause.

 11.4    Outstanding Awards – Other Changes. In the event of any other change in the capitalization of the
Company or corporate change other than those specifically referred to in this Article 11, the Administrator may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards outstanding on the date on which
such change occurs and in the per share grant or exercise price of each Award as the Administrator may consider appropriate to prevent dilution or enlargement of rights. 

11.5    No Other Rights. Except as expressly provided in the Plan, no Holder shall have any rights by reason of any
subdivision or consolidation of shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation. Except
as expressly provided in the Plan or pursuant to action of the Administrator under the Plan, 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 of shares subject to an Award or the grant or exercise price of any Award. 
 * * * * * 


  
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 I hereby certify that the foregoing Plan was duly adopted by the Board of Directors and the general meeting of
Mauser Group N.V. on January 27, 2017. 
 Executed on this 27th day of January, 2017. 

 

	
	 /s/ Hans-Peter Schaefer

	Corporate Officer



  
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