stevencapelliemploymenta






  =:: BlackBerry.     September 23, 2019    Steven Capelli       Dear Steve,    I am pleased to offer you the position of Chief Revenue Officer on the BlackBerry Executive team,   reporting to the Executive Chairman & Chief Executive Officer. This new position is effective   October 1st, 2019.    In connection with this offer, as Executive Chairman and CEO, I have approved a recommendation   that you be granted equity. The details of any equity offer will be provided in a separate letter from   BlackBerry Limited.    All other terms and conditions of your employment agreement with BlackBerry continue to govern   your employment.    To confirm your acceptance of this new position, please sign below and return one copy to   Nita White-Ivy on or before September 25, 2019.    Sincerely,    I confirm that I have read and understood the above, and accept this new position.   Accepted: __$;_fi --'-�--....;:;;...:;-----"-()�A,._ �---------­ Date: _f___,__/_i3__/2_r_                  �        st: Capelli                                         BlackBerry Corporation          3001 Bishop Drive, Suite 400, San Ramon, California, 94583 USA. tel: +1 (925) 242-5660 fax: +1 (925) 242-5661   Trademarks, including but not limitedto  BLACKBERRY, EMBLEM Design, BBM and BES are thetrademarks  or registered trademarks of            BlackBerryLimited,  used under license, and the exclusive rights to such trademarks are expressly reserved. 





 






  =:: BlackBerry.    September 23, 2019     Steven Capelli    Dear Steve,    This letter is to confirm that, in connection with your employment by BlackBerry Corporation, a subsidiary   of BlackBerry Limited ("BlackBerry"), I have approved the following recommendation, subject to the terms   set out below:     (A) Time-Based   Restricted  Share Units {TBRSUs)  -  As Executive Chairman  & Chief Executive       Officer, I have approved a recommendation that you participate in the BlackBerry Limited Equity       Incentive Plan (the "Plan") with a TBRSU grant with a value of:           1) $1,000,000 USO to vest on October 1, 2020;           2) $1,500,000 USO to vest over three (3) years at 1/3 each year on anniversary of the grant.       The actual number of TBRSUs awarded will be determined in accordance with BlackBerry's Policy        on Granting Equity Awards by convertingthe  above US dollar value into a number of TBRSUs based        on the closing price of BlackBerry's common shares on NYSE on the grant date and rounded down        to nearest TBRSU  (whole numbers only). The grant will be made on the next available quarterly        grant date in accordance with the Policy on Granting Equity Awards. The specific terms and        conditions of any TBRSUs granted will be governed by the Plan and the TBRSU award agreement        relating to any such grant.                                                 -AND-    (B) Performance-Based   Restricted  Share Units  {PBRSUs)   - As  Executive  Chairman &  Chief       Executive Officer, I have approved for you to participate in the BlackBerry Limited Equity Incentive       Plan (the "Plan") with a PBRSU grant with a value of $1,500,000 USO to vest over three (3) years       based on achievement of PBRSUs performance metrics set by the company. The actual number of       PBRSUs awarded with be  determined in accordance with the Policy on Granting Equity Awards by       converting the above US dollar value into a number of PBRSUs based  on the closing price of      BlackBerry's common shares on NYSE on the grant date and rounded down to the nearest PBRSU       (whole numbers only). The PBRSUs will vest entirely, partially, or not at all, based on BlackBerry's      Annual Operation Plan (AOP) Total Software and Services Revenue attainment and the threshold      of a positive Operating Income in the next fiscal year after the grant date (as defined in the PBRSU      award agreement). The grant will be made on the next available quarterly grant date in accordance      with the Policy on Granting Equity Awards. The specific terms and conditions of any PBRSUs      granted will be governed by the Plan and the PBRSU award agreement relating to any such grant.  In particular (i) you will have no claim relating to your Equity Award or any losses or potential losses in the  event that your employment with BlackBerry Corporation is terminated for whatever reason (whether with  or without cause) and (ii) nothing in the grant of any equity award to you or in the terms of this letter or of  the Plan will create or imply any employment relationship with BlackBerry Limited nor any right to continued  employment with BlackBerry Corporation.   Yours sincerely,  BlackBerry Limite                   an & Chief Executive Officer                                                                               Last Updated Date: 2017111120       BlackBerry Limited 2200 University Avenue East, Waterloo, Ontario, Canada N2K 0A7 tel: +l (519) 888-7465 fax: +I (519) 888-1975 





 






=:: BlackBerry                  PRIVATE & CONFIDENTIAL                 September 15, 2016                 Steven Capelli                 Dear Steve,                 This offer cancels and supersedes the offer letter and offer documents dated August 11, 2016.                 Following our recent discussions, I am delighted to offer you a temporary position with B lackB  erry as                Special Advisor to me  and, shortly thereafter, Chief Financial Officer, reporting directly to me as                Executive Chair and Chief Executive Officer of BlackBerry. We are impressed with your skills and                experience and are confident that you would  be an excellent addition to the BlackBerry's Senior                Leadership Team. We  are  equally confident that you will find this new opportunity to be both                challenging and rewarding.                 Please note that this offer of employment is conditional on your signing the enclosed employment agreement and all                related documents where indicated (without alteration) and your satisfaction of all other requirements set forth in                the documents that comprise this Agreement                 To confirm your acceptance of this employment offer, please return a signed and witnessed copy of the                attached Employment    Agreement   and  the enclosed  the  Business Standards  and  Principles                documentation in the attached Federal Express  envelope on or before September 19, 2016. Please                ensure that you also sign any schedules to the Employment Agreement as required indicating that you                have read and agree to the terms and conditions of each schedule.                 I look forward to your joining your joining us and know that you will make significant difference and                contributions to ckBerry.                              I                           /                /                  ./1"(/J                                   Jo)in .:>.A  Chen                E· e"tutive Chair and Chief Executive Officer                 Cc: Nita White-Ivy                 Enclosures                                                BlackBerry Corporation             3001 Bishop Drive, Suite 400, San Ramon, California, 94583 USA.  tel: +1 (925) 242-5660 fax: +1 (925) 242-5661      Trademarks,  including but not limited to BLACKBERRY, EMBLEM Design, BBM and BES are the trademarks or registered trademarks of               BlackBerry Limited, used under license, and the exclusive rights to such trademarks are expressly reserved. 





 












 












 












 












 












 












 












 






 =:: BlackBerry    September 15, 2016    Steven Capelli       Dear Steve:    This equity letter cancels and supersedes the equity letter of August 11, 2016.    This letter is to confirm that, in connection with your employment by a subsidiary of BlackBerry   Limited ("BlackBerry")], I have approved the following recommendation, subject to the terms set out below:       (A)    Time-Based Restricted Share Units (TBRSUs)-As  Executive Chair and CEO, I have            approved a recommendation that you participate in the BlackBerry Limited Equity Incentive Plan            (the "Plan") with a TBRSU grant with a value of $1,500,000 USD. The actual number of            TBRSUs awarded will be determined in accordance with BlackBerry's Policy on Granting Equity            Awards by converting the above US dollar value into a number of TBRSUs based on the closing            price of BlackBerry's common shares on NASDAQ on the grant date and rounded down to            nearest TBRSU (whole numbers only).  The grant will be made on the next available quarterly            grant date in accordance with the Policy on Granting Equity Awards. The specific terms and            conditions of any TBRSUs granted will be governed by the Plan and the TBRSU award            agreement relating to any such grant.                                             -AND-      (B)    Performance-Based Restricted Share Units (PBRSUs) - I have approved a recommendation            that you participate in the BlackBerry Limited Equity Incentive Plan with a PBRSU grant with a            target value of $1,500,000 USD. The actual number of PBRSUs awarded will be determined in            accordance with the Policy on Granting Equity Awards by converting the above US dollar value            into a number of PBRSUs based on the closing price of BlackBerry's common shares on            NASDAQ on the grant date and rounded down to nearest PBRSU  (whole numbers only). The            PRBSUs will vest entirely, partially, or not at all, based on BlackBerry's total shareholder return            on the NASDAQ as compared to the performance of the NASDAQ 100 Total Return index over            the Performance Period (as defined in the PBRSU award agreement). The grant will be made            on the next available quarterly grant date in accordance with the Policy on Granting Equity            Awards.  The specific terms and conditions of any PBRSUs granted will be governed by the Plan            and the PBRSU award agreement relating to any such grant.   In particular (i) you will have no claim relating to your Equity Award or any losses or potential losses in the   event that your employment with is terminated for whatever reason (whether lawful or unlawful) and (ii)  nothing in the grant of any equity award to you or in the terms of this letter or of the Plan will create or imply  any employment relationship with BlackBerry Limited nor any right to continued employment with   Yours sincer�I  BlackBerry l.d · 'ited            /  I"          f.  l' John ·s.   'en'     ecutive Chair and CEO        BlackBerry Limited 2200 University Avenue East, Waterloo, Ontario, Canada N2K 0A7 tel: +I (519) 888-7465 fax: +I (519) 888-1975