EX-10.32



 Exhibit 10.32 
 BURGER KING WORLDWIDE, INC. 
 AMENDED AND RESTATED 2012 OMNIBUS INCENTIVE
PLAN 
 OPTION AWARD AGREEMENT 
 Unless defined in this Option Award Agreement (this “Award Agreement”), capitalized terms will have the same meanings ascribed to them in the Burger King Worldwide, Inc. Amended and
Restated 2012 Omnibus Incentive Plan (as may be amended from time to time, the “Plan”). 
 Pursuant to
Section 6 of the Plan, you have been granted a Non-Qualified Stock Option (the “Option”) on the following terms and subject to the provisions of the Plan, which is incorporated herein by reference. In the event of
a conflict between the provisions of the Plan and this Award Agreement, the provisions of the Plan will govern. 
  

			
	Total Number of Shares Underlying Options:	  	[                ] Shares
		
	Exercise Price per Share:	  	$[                ] per Share
		
	Grant Date:	  	
		
	Expiration Date:	  	
		
	Vesting Date:	  	[                ], subject to your continued Service through the Vesting Date and further subject to
the Section entitled “Termination” in Exhibit A.

 By execution of this Award Agreement, you and the Company agree that this Option is granted under and
governed by the terms and conditions of the Plan and the terms and conditions set forth in the attached as Exhibit A. 
  

							
	PARTICIPANT	 		 	BURGER KING WORLDWIDE, INC.
				
	  
	 		 	By:	 	  

	Name:	 		 		 	Name:
		 		 		 	Title:


  
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 EXHIBIT A 
 TERMS AND CONDITIONS OF THE 
 OPTION AWARD AGREEMENT 

Vesting. 
 This
Option will vest and become exercisable on the “Vesting Date” set forth in this Award Agreement. Any portion of this Option that becomes exercisable in accordance with the foregoing will remain exercisable until the Expiration Date, unless
earlier terminated pursuant to the Plan or this Award Agreement (including, without limitation, the section below entitled “Termination”). Subject to the section below entitled “Termination,” this Option may be exercised only
while you are employed by the Company or any of its Affiliates. Prior to the exercise of this Option, you will not have any rights of a shareholder with respect to this Option or the Shares subject thereto. 

Method of Exercise. 
 This Option will be exercisable pursuant to procedures approved by the Committee and communicated to you. No Shares will be delivered pursuant to the exercise of this Option unless (i) you have
complied with your obligations under this Award Agreement, (ii) the exercise of this Option and the delivery of such Shares complies with applicable law, and (iii) full payment (or satisfactory provision therefor) of the aggregate exercise
price of the Option and any withholding or other taxes have been received by the Company. Until such time as the Shares are delivered to you (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of
the Company), you will have no right to vote or receive dividends or any other rights as a shareholder with respect to such Shares, notwithstanding the exercise of this Option. 
 Adjustment for Certain Events. 
 If and to the extent that it would
not cause a violation of Section 409A of the Code or other applicable law, if any Corporate Event described in Section 5(d)(ii) of the Plan shall occur, the Committee shall make an adjustment as described in such Section 5(d)(ii) in
such manner as the Committee may, in its sole discretion, deem appropriate and equitable to prevent substantial dilution or enlargement of the rights provided under this Option. 
 Termination. 
 Upon termination of your Service (other than as set
forth below) prior to the Vesting Date, you will forfeit this Option without any consideration due to you. 
 If your Service
terminates prior to the Vesting Date Without Cause (as defined below) or by reason of your death, Retirement or Disability (as defined below), you (or, if applicable, such other person who is entitled to exercise this Option) shall be vested in the
number of Shares as if the Shares subject to the Option vested 20% on each of 

  
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                ,                 ,
                ,                 and
                , respectively, and you (or, if applicable, such other person who is entitled to exercise this Option) may exercise the Option to the extent vested on
the date of termination of your Service as provided for below. 
 Subject to any terms and conditions that the Committee may
impose in accordance with Section 13 of the Plan, in the event that a Change in Control occurs and, within twelve (12) months following the date of such Change in Control, your Service is terminated by the Company Without Cause (as defined
herein), this Option shall vest in full upon such termination. In the event that there is a conflict between the terms of this Award Agreement regarding the effect of a Change in Control on this Option and the terms of any Employment Agreement, the
terms of this Option Award Agreement will govern. 
 To the extent this Option is or becomes exercisable on the date of
termination of your Service, then, if you (or, if applicable, such other person who is entitled to exercise this Option) do not exercise this Option on or prior to the expiration of the Option Exercise Period (as set forth below), this Option will
terminate. In no event may you exercise this Option after the Expiration Date. 
  

			
	 Type of Termination
	  	 Option Exercise Period

		
	Without Cause	  	90 day period beginning on the date of termination
		
	Resignation	  	90 day period beginning on the date of termination
		
	Retirement	  	One year period beginning on the date of termination
		
	Disability	  	One year period beginning on the date of termination
		
	Death	  	One year period beginning on the date of termination
		
	For Cause	  	None, the Option expires immediately

 The date of termination of your Service will not be extended by any notice period mandated under local
law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law). The Committee shall have the exclusive discretion to determine the date of termination of your Service for purposes
of this Option. 

  
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 In the event that there is a conflict between the terms of this Award Agreement regarding
the effect of a termination of your Service on this Option and the terms of any Employment Agreement, the terms of your Employment Agreement will govern. 
 For purposes of this Award Agreement, the following terms shall have the following meanings: 
 “Cause” means (i) a material breach by you of any of your obligations under any written employment agreement with the Company or any of its Affiliates, (ii) a material violation
by you of any of the policies, procedures, rules and regulations of the Company or any of its Affiliates applicable to employees or other service providers generally or to employees or other service providers at your grade level; (iii) the
failure by you to reasonably and substantially perform your duties to the Company or its Affiliates (other than as a result of physical or mental illness or injury); (iv) your willful misconduct or gross negligence that has caused or is
reasonably expected to result in material injury to the business, reputation or prospects of the Company or any of its Affiliates; (v) your fraud or misappropriation of funds; or (vi) the commission by you of a felony or other serious
crime involving moral turpitude; provided that if you are a party to an Employment Agreement at the time of termination of your Service and such Employment Agreement contains a different definition of “cause” (or any derivation
thereof), the definition in such Employment Agreement will control for purposes of this Award Agreement. 
 If you are
terminated Without Cause and, within the twelve (12) month period subsequent to such termination of your Service, the Company determines that your Service could have been terminated for Cause, subject to anything to the contrary that may be
contained in your Employment Agreement at the time of termination of your Service, your Service will, at the election of the Company, be deemed to have been terminated for Cause, effective as of the date the events giving rise to Cause occurred.

 “Disability” means (i) a physical or mental condition entitling you to benefits under the long-term
disability policy of the Company covering you or (ii) in the absence of any such policy, a physical or mental condition rendering you unable to perform your duties for the Company or any of its Affiliates for a period of six
(6) consecutive months or longer; provided that if you are a party to an Employment Agreement at the time of termination of your Service and such Employment Agreement contains a different definition of “disability” (or any
derivation thereof), the definition in such Employment Agreement will control for purposes of this Award Agreement. 
 “Retirement” means a termination of Service by you on or after the later of (i) your 55th birthday and (ii) your completion of five years of Service with the Company or its Affiliates. 

“Without Cause” means a termination of your Service by you for “Good Reason”, if you have an Employment
Agreement that defines the term “Good Reason”, or by your employer (the “Employer”) other than any such termination by your Employer for Cause or due to your death or Disability; provided that if you are a party to an


  
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Employment Agreement at the time of termination of your Service and such Employment Agreement contains a different definition of “without cause” (or any derivation thereof), the
definition in such Employment Agreement will control for purposes of this Award Agreement. Notwithstanding the foregoing, if you are a party to an Employment Agreement at the time of termination of your Service and such Employment Agreement provides
that a termination of your Service by you for “Good Reason” constitutes termination of your Service “Without Cause”, such termination for Good Reason shall not constitute termination Without Cause for purposes of the acceleration
of your Options following a Change in Control. 
 Taxes. 
 Regardless of any action the Company or your Employer takes with respect to any or all income tax, social security or insurance, payroll tax, payment on account or other tax-related withholding
(“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and that the Company and/or the Employer (1) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of the Option grant, including the grant, vesting or exercise of this Option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any
dividends; and (2) do not commit to structure the terms of the grant or any aspect of this Option to reduce or eliminate your liability for Tax-Related Items. 
 Prior to exercise of this Option, you will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all withholding and payment on account obligations of the Company
and/or the Employer. In this regard, you authorize the Company and/or the Employer to withhold all applicable Tax-Related Items legally payable by you from your wages or other cash compensation paid to you by the Company and/or the Employer or from
proceeds of the sale of Shares. Alternatively, or in addition, if permissible under local law, the Company may in its sole and absolute discretion (1) sell or arrange for the sale of Shares that you acquire to meet the withholding obligation
for Tax-Related Items, and/or (2) withhold the amount of Shares necessary to satisfy the minimum withholding amount. Finally, you will pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be
required to withhold as a result of your participation in the Plan or your purchase of Shares that cannot be satisfied by the means previously described. The Company may refuse to honor the exercise and refuse to deliver the Shares if you fail to
comply with your obligations in connection with the Tax-Related Items as described in this section. 
 No Guarantee of Continued
Service. 
 You acknowledge and agree that the vesting of this Option on the Vesting Date is earned only by performing
continuing Service (not through the act of being hired or being granted this Award). You further acknowledge and agree that this Award Agreement, the transactions contemplated hereunder and the Vesting Date shall not be construed as giving you the
right to be retained in the employ of, or to continue to provide Service to, 

  
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the Company or any Affiliate. Further, the Company or the applicable Affiliate may at any time dismiss you, free from any liability, or any claim under the Plan, unless otherwise expressly
provided in any other agreement binding you, the Company or the applicable Affiliate. The receipt of this Award is not intended to confer any rights on you except as set forth in this Award Agreement. 

Termination for Cause; Restrictive Covenants. 
 In consideration for the grant of this Option and for other good and valuable consideration, the sufficiency of which is acknowledged by you, you agree as follows: 

Upon (i) a termination of your Service for Cause, (ii) a retroactive termination of your Service for Cause as permitted herein
or under your Employment Agreement, or (iii) a violation of any post-termination restrictive covenant (including, without limitation, non-disclosure, non-competition and/or non-solicitation) contained in your Employment Agreement, any
separation or termination or similar agreement you may enter into with the Company or one of its Affiliates in connection with termination of your Service, any Options you hold that are then outstanding shall be immediately forfeited and the Company
may require that you repay (with interest or appreciation (if any), as applicable, determined up to the date payment is made), and you shall promptly repay, to the Company, the Fair Market Value (in cash or in Shares) of any Shares received upon the
exercise of Options during the period beginning on the date that is one year before the date of your termination and ending on the first anniversary of the date of your termination, minus the applicable exercise price. The Fair Market Value of any
such Shares shall be determined as of the date of exercise of such Option. 
 Company’s Right of Offset. 

If you become entitled to a distribution of benefits under this Award, and if at such time you have any outstanding debt, obligation, or
other liability representing an amount owing to the Company or any of its Affiliates, then the Company or its Affiliates, upon a determination by the Committee, and to the extent permitted by applicable law and it would not cause a violation of
Section 409A of the Code, may offset such amount so owing against the amount of benefits otherwise distributable. Such determination shall be made by the Committee. 
 Acknowledgment of Nature of Award. 
 In accepting this Option, you
acknowledge that: 
 (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified,
amended, suspended or terminated by the Company at any time, as provided in the Plan; 
 (b) the Option award is voluntary,
occasional and discretionary and does not create any contractual or other right to receive future Option awards, or benefits in lieu of Options even if Options have been awarded repeatedly in the past; 

  
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 (c) all decisions with respect to future awards, if any, will be at the sole discretion of
the Company; 
 (d) your participation in the Plan is voluntary; 

(e) this Option is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the
Company or to the Employer; 
 (f) this Option is not part of normal or expected compensation or salary for any purposes,
including, but not limited to, calculation of any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; 

(g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; 

(h) if the underlying Shares do not increase in value, this Option will have no value; 

(i) if you receive Shares, the value of such Shares acquired upon exercise may increase or decrease in value; and 

(j) no claim or entitlement to compensation or damages arises from termination of this Option, and no claim or entitlement to
compensation or damages shall arise from any diminution in value of this Option or Shares received upon exercise of this Option resulting from termination of your Service by the Employer and you irrevocably release the Company and the Employer from
any such claim that may arise. 
 Securities Laws. 
 By accepting this Option, you acknowledge that federal securities laws and/or the Company’s policies regarding trading in its securities may limit or restrict your right to buy or sell Shares,
including, without limitation, sales of Shares acquired in connection with this Option. You agree to comply with such federal securities law requirements and Company policies, as such laws and policies are amended from time to time. 

Data Privacy Notice and Consent. 
 You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Award Agreement by and among, as applicable,
the Employer, the Company, its Subsidiaries and its Affiliates or such other third party administrator as designated by the Committee in its sole and absolute discretion for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 You understand that the Company, the Employer and/or such other third party administrator as
designated by the Committee in its sole and absolute discretion may hold certain personal information about you, including, but not limited to, your name, home 

  
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address and telephone number, date of birth, social insurance or social security number or other identification number, salary, nationality, job title, any shares of stock or directorships held
in the Company, details of this Option or any other entitlement to Shares awarded, canceled, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that
Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country, or elsewhere, and that the recipient’s country may have different
data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the
recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data as may be
required to a broker, escrow agent or other third party with whom the Shares received upon exercise of this Option may be deposited. You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case
without cost, by contacting in writing your local human resources representative. You understand that refusal or withdrawal of consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to
consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
 Limits on
Transferability; Beneficiaries. 
 This Option shall not be pledged, hypothecated or otherwise encumbered or subject to
any lien, obligation or liability to any party, or Transferred, otherwise than by your will or the laws of descent and distribution or to a Beneficiary upon your death, and this Option shall be exercised during your lifetime only by you or your
guardian or legal representative, except that this Option may be Transferred to one or more Beneficiaries or other Transferees during your lifetime with the consent of the Committee, and may be exercised by such Transferees in accordance with the
terms of this Award Agreement. A Beneficiary, Transferee, or other person claiming any rights under this Award Agreement shall be subject to all terms and conditions of the Plan and this Award Agreement, except as otherwise determined by the
Committee, and to any additional terms and conditions deemed necessary or appropriate by the Committee. 
 No Transfer to any
executor or administrator of your estate or to any Beneficiary by will or the laws of descent and distribution of any rights in respect of this Option shall be effective to bind the Company unless the Committee shall have been furnished with
(i) written notice thereof and with a copy of the will and/or such evidence as the Committee may deem necessary to establish the validity of the Transfer and (ii) the written agreement of the Transferee to comply with all the terms and
conditions applicable to this Option and any Shares purchased upon exercise of this Option that are or would have been applicable to you. 

  
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 No Compensation Deferrals. 

It is intended that the Option awarded pursuant to this Award Agreement be exempt from Section 409A of the Code (“Section
409A”) because it is believed that (i) the Exercise Price per Share may never be less than the Fair Market Value of a Share on the Grant Date and the number of Shares subject to the Option is fixed on the original Grant Date, (ii) the
Transfer or exercise of the Option is subject to taxation under Section 83 of the Code and Treasury Regulation 1.83-7, and (iii) the Option does not include any feature for the deferral of compensation other than the deferral of
recognition of income until the exercise of the Option. The provisions of this Award Agreement shall be interpreted in a manner consistent with this intention. In the event that the Company believes, at any time, that any benefit or right under this
Award Agreement is subject to Section 409A, then the Committee may (acting alone and without any required consent by you) amend this Award Agreement in such manner as the Committee deems necessary or appropriate to be exempt from or otherwise
comply with the requirements of Section 409A (including without limitation, amending the Award Agreement to increase the Exercise Price per Share to such amount as may be required in order for the Option to be exempt from Section 409A).

 Notwithstanding the foregoing, the Company does not make any representation to you that the Option awarded pursuant to this
Agreement is exempt from, or satisfies, the requirements of Section 409A, and the Company shall have no liability or other obligation to indemnify or hold harmless you or any Beneficiary for any tax, additional tax, interest or penalties that
you or any Beneficiary may incur in the event that any provision of this Agreement, or any amendment or modification thereof or any other action taken with respect thereto, is deemed to violate any of the requirements of Section 409A.

 Entire Agreement; Governing Law; Jurisdiction; Waiver of Jury Trial. 

The Plan, this Award Agreement and, to the extent applicable, your Employment Agreement or any separation agreement constitute the entire
agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings, representations and agreements (whether oral or written) of the Company and you with respect to the subject matter hereof.
This Award Agreement may not be modified in a manner that adversely affects your rights heretofore granted under the Plan, except with your consent or to comply with applicable law or to the extent permitted under other provisions of the Plan. This
Award Agreement is governed by the laws of the State of Delaware, without regard to its principles of conflict of laws. 
 ANY
ACTION OR PROCEEDING AGAINST THE PARTIES RELATING IN ANY WAY TO THIS AGREEMENT MAY BE BROUGHT EXCLUSIVELY IN THE COURTS OF THE STATE OF FLORIDA OR (TO THE EXTENT SUBJECT MATTER JURISDICTION EXISTS THEREFORE) THE UNITED STATES DISTRICT COURT FOR THE
DISTRICT OF FLORIDA, AND YOU IRREVOCABLY SUBMIT TO THE JURISDICTION OF BOTH SUCH COURTS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING. ANY ACTIONS OR PROCEEDINGS TO ENFORCE A JUDGMENT ISSUED BY ONE OF THE FOREGOING COURTS MAY BE ENFORCED IN ANY
JURISDICTION. 

  
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 TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, YOU HEREBY WAIVE, AND
COVENANT THAT YOU WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM OR PROCEEDING ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER HEREOF, IN EACH CASE WHETHER
NOW EXISTING OR HEREAFTER ARISING AND WHETHER IN CONTRACT, TORT OR OTHERWISE. 
 By signing this Award Agreement, you
acknowledge receipt of a copy of the Plan and represent that you are familiar with the terms and conditions of the Plan, and hereby accept this Award subject to all provisions in this Award Agreement and in the Plan. You hereby agree to accept as
final, conclusive and binding all decisions or interpretations of the Committee upon any questions arising under the Plan or this Award Agreement. 
 Electronic Delivery. 
 The Company may, in its sole discretion,
decide to deliver any documents related to this Option or future options that may be awarded under the Plan by electronic means or request your consent to participate in the Plan by electronic means. You hereby consent to receive such documents by
electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company. 
 Agreement Severable. 
 In the event that any provision in this Award
Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement. 

Language. 
 If you
have received this Award Agreement or any other document related to the Plan translated into a language other than English and if the translated version is different that the English version, the English version will control. 

  
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 APPENDIX A 

ADDITIONAL TERMS AND CONDITIONS OF THE 
 BURGER KING WORLDWIDE, INC. 
 AMENDED AND RESTATED 2012 OMNIBUS INCENTIVE
PLAN 
 OPTION AWARD AGREEMENT FOR NON-U.S. PARTICIPANTS 
 TERMS AND CONDITIONS 
 This Appendix A includes additional terms and conditions that govern
this Option granted to you under the Plan if you are located outside the U.S. and/or in one of the countries listed below at the time of grant. Certain capitalized terms used but not defined in this Appendix A have the meanings set forth in the
Amended and Restated 2012 Omnibus Incentive Plan and/or the Option Award Agreement. 
 NOTIFICATIONS 

This Appendix A also includes information regarding exchange controls and certain other issues of which you should be aware with respect to participation
in the Plan. The information is based on the securities, exchange control, and other laws in effect in the respective countries as of January 2012. Such laws are often complex and change frequently. As a result, the Company strongly recommends that
you not rely on the information in this Appendix A as the only source of information relating to the consequences of your participation in the Plan because the information may be out of date at the time you vest in or exercise this Option or sell
Shares acquired under the Plan. 
 In addition, the information contained herein is general in nature and may not apply to your particular
situation, and the Company is not in a position to assure you of a particular result. Accordingly, you are advised to seek appropriate professional advice as to how the relevant laws in your country may apply to your situation. 

Finally, if you are a citizen or resident of a country other than the one in which you are currently working, transfer employment after this Option is
granted or are considered a resident of another country for local law purposes, the notifications contained herein may not be applicable to you, and the Company shall, in its discretion, determine to what extent the terms and conditions contained
herein shall apply to you. 
  
  

 
 GENERAL NON-U.S. TERMS AND CONDITIONS

 TERMS AND CONDITIONS 

The following terms and conditions apply to you if you are located outside of the U.S. at the time of grant. 

  
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 Entire Agreement. 
 The following provisions supplement the entire Award Agreement, generally: 
 If you are located
outside the U.S., in no event will any aspect of this Option be determined in accordance with your Employment Agreement (or other Service contract). The terms and conditions of this Option will be solely determined in accordance with the provisions
of the Plan and the Award Agreement, including this Appendix A, which supersede and replace any prior agreement, either written or verbal (including your Employment Agreement, if applicable) in relation to this Option. 

Termination for Cause. 
 The
Termination for Cause section of the Award Agreement shall only be enforced, to the extent deemed permissible under applicable local law, as determined in the sole discretion of the Committee. 

Taxes. 
 The following provisions
supplement the Taxes section of the Award Agreement: 
 You acknowledge that your liability for Tax-Related Items may exceed the amount
withheld by the Company and/or the Employer. 
 If you have become subject to tax in more than one jurisdiction between the Grant Date and the
date of any relevant taxable or tax withholding event, as applicable, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one
jurisdiction. 
 To avoid any negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable
minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the
exercised Option, notwithstanding that a number of Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. 
 Limits on Transferability; Beneficiaries. 
 The following provision supplements the
Limits on Transferability; Beneficiaries section of the Award Agreement: 
 If you are located outside the U.S., this Option may not be
Transferred to a designated Beneficiary and may only be Transferred upon your death to your legal heirs in accordance with applicable laws of descent and distribution. In no case may this Option be Transferred to another individual during your
lifetime. 

  
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 Acknowledgement of Nature of Award. 
 The following provisions supplement the Acknowledgment of Nature of Award section of the Award Agreement: 
 You acknowledge the following with respect to this Option: 
 (a) The Option and
any Shares acquired under the Plan are not intended to replace any pension rights or compensation. 
 (b) In no event should
this Option or any Shares acquired under the Plan be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Affiliate. 
 No Advice Regarding Award. 
 The Company is not providing any tax, legal or financial
advice, nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying Shares. You are hereby advised to consult with your own personal tax, legal and financial advisors
regarding your participation in the Plan before taking any action related to the Plan. 
 Governing Law. 

The following provisions supplement the Governing Law section of the Award Agreement: 
 For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or the Award Agreement, the parties hereby submit to and consent to
the exclusive jurisdiction of the State of Florida and agree that such litigation shall be conducted only in the court of Miami-Dade County, Florida, or the federal courts for the United States for the Southern District of Florida, and no other
courts, where this grant is made and/or to be performed. 
 Appendix A. 
 Notwithstanding any provision in this Award Agreement, this Option grant shall be subject to the special terms and conditions set forth in any appendix to the Award Agreement for your country, including
the provisions set forth in this Appendix A. Moreover, if you relocate to one of the countries included in this Appendix A, the special terms and conditions for such country will apply to you, to the extent the Company determines that the
application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of the Award Agreement. 

Imposition of Other Requirements. 

The Company reserves the right to impose other requirements on your participation in the Plan, on this Option and on any Shares purchased upon exercise of
this Option, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary
to accomplish the foregoing. 

  
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 BRAZIL 
 TERMS AND CONDITIONS 
 Compliance with Law. 

By accepting this Option you acknowledge that you agree to comply with applicable Brazilian laws and pay any and all applicable taxes legally due by you
associated with the exercise of this Option, the receipt of any dividends, and the sale of Shares acquired under the Plan. 
 NOTIFICATIONS

 Exchange Control Information. 
 If you are resident or domiciled in Brazil, you will be required to submit annually a declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such
assets and rights is equal to or greater than US$100,000. Assets and rights that must be reported include Shares. 
 CANADA 

TERMS AND CONDITIONS 
 Form of
Payment. 
 Notwithstanding anything in the Plan or the Award Agreement to the contrary, you are prohibited from surrendering Shares that
you already own or attesting to the ownership of Shares to pay the Exercise Price or any Tax-Related Items in connection with this Option. 

Data Privacy Notice and Consent. 

This provision supplements the Data Privacy section of the Award Agreement: 
 You hereby authorize the Company and the Company’s representatives to discuss with and obtain all relevant information from all personnel, professional or not, involved in the administration and
operation of the Plan. You further authorize the Company and any Subsidiary or Affiliate and the administrator of the Plan to disclose and discuss the Plan with their advisors. You further authorize the Company and any Subsidiary or Affiliate to
record such information and to keep such information in your employee file. 
 Termination of Service. 

The following provision supplements the Termination section of the Award Agreement: 
 Your right to vest in this Option (if any) and your right to exercise the vested Option (if any) will terminate effective as of the earlier of (1) the date the you receive notice of termination from
the Employer, or (2) the date you are no longer actively providing Service, regardless of any notice period or period of pay in lieu of such notice required under applicable laws (including, but not limited to statutory law, regulatory law
and/or common law); the Committee shall have the exclusive discretion to determine when you are no longer actively providing Service for purposes of this Option. 

  
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 French Language Provision. 
 The following provisions will apply if you are a resident of Quebec: 
 The parties acknowledge
that it is their express wish that the Award Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 

Les parties reconnaissent avoir exigé la rédaction en anglais de la Convention, ainsi que de tous documents, avis et procédures
judiciaires, exécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement à, la présente convention. 
 GERMANY 
 NOTIFICATIONS 
 Exchange Control Information. 
 Cross-border payments in excess of €12,500 must
be reported monthly to the German Federal Bank. If you use a German bank to transfer a cross-border payment in excess of €12,500 in connection with the sale of Shares acquired under the Plan, the bank will make the report for you. In addition,
you must report any receivables or payables or debts in foreign currency exceeding an amount of €5,000,000 on a monthly basis. 
 MEXICO

 TERMS AND CONDITIONS 

Labor Law Policy and Acknowledgment. 
 In accepting the grant of this Option, you expressly recognize that Burger King Worldwide, Inc., with registered offices at 5500 Blue Lagoon Drive, Miami, Florida 33126, U.S.A., is solely responsible for
the administration of the Plan and that your participation in the Plan and acquisition of Shares do not constitute a Service relationship between you and Burger King Worldwide, Inc. since you are participating in the Plan on a wholly commercial
basis and your sole Employer is Administración de Comidas Rapidas SA de CV, located at Monte Elbruz No. 132, Piso 10, Colonia Chapultepec Morales, D.F., Mexico 11570. Based on the foregoing, you expressly recognize that the Plan and the
benefits that you may derive from participating in the Plan do not establish any rights between you and the Employer, Administración de Comidas Rapidas SA de CV, and do not form part of the Service conditions and/or benefits provided by
Administración de Comidas Rapidas SA de CV, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of your Service relationship. 

You further understand that your participation in the Plan is as a result of a unilateral and discretionary decision of Burger King Worldwide, Inc.;
therefore, Burger King Worldwide, Inc. reserves the absolute right to amend and/or discontinue your participation at any time without any liability to you. 

  
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 Finally, you hereby declare that you do not reserve to any action or right to bring any claim against Burger
King Worldwide, Inc. for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and you therefore grant a full and broad release to Burger King Worldwide, Inc., its Subsidiaries, Affiliates, branches,
representation offices, its shareholders, officers, agents, or legal representatives with respect to any claim that may arise. 

TÉRMINOS Y CONDICIONES  

Política Laboral y Reconocimiento/Aceptación. 
 Al aceptar el otorgamiento de esta Opción, usted expresamente reconoce que Burger King Worldwide, Inc., con oficinas registradas en 5500 Blue Lagoon Drive, Miami, Florida 33126, EE.UU., es
únicamente responsable por la administración del Plan y que la participación de usted en el Plan y la adquisición de Acciones no constituyen una relación de Servicio entre usted y Burger King Worldwide, Inc., ya
que usted está participando en el Plan sobre un base totalmente comercial y su único Patrón es Administración de Comidas Rapidas SA de CV con direccion ubicada en Monte Elbruz No. 132, Piso 10, Colonia Chapultepec
Morales, D.F., Mexico 11570. Con base en lo anterior, usted expresamente reconoce que el Plan y los beneficios que pudieran derivarle de la participación en el Plan no establecen derecho alguno entre usted y el Patrón,
Administración de Comidas Rapidas SA de CV y no forman parte de las condiciones de Servicios y/o las prestaciones otorgadas por Administración de Comidas Rapidas SA de CV y que cualquier modificación al Plan o su
terminación no constituirá un cambio o daño o perjuicio a los términos y condiciones de su relación de Servicios. 
 Asimismo, usted además entiende que su participación en el Plan es resultado de una decisión unilateral y discrecional de Burger King Worldwide, Inc.; por lo tanto, Burger King
Worldwide, Inc. se reserva el absoluto derecho de modificar y/o discontinuar su participación en cualquier momento y sin responsabilidad alguna frente el Participante. 
 Finalmente, usted por este medio declara que no se reserva derecho o acción alguna para presentar cualquier reclamación o demanda en contra de Burger King Worldwide, Inc. por cualquier
compensación o daño en relación con cualquier disposición del Plan o de los beneficios derivados de conformidad con el Plan y, por lo tanto, usted otorga el más amplio y total finiquito que en derecho proceda a
Burger King Worldwide, Inc., sus Subsidiarias, Afiliadas, sucursales, oficinas de representación, sus accionistas, funcionarios y/o directores, agentes o representantes legales en relación con cualquier reclamación demanda que
pudiera surgir. 
 SINGAPORE 

NOTIFICATIONS 
 Securities Law
Information. 
 The grant of this Option is being made pursuant to the “Qualifying Person” exemption under section 273(1)(f) of
the Securities and Futures Act (Chapter 289, 2006 Ed.) 

  
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(“SFA”). The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. You should note that this Option is subject to section 257 of
the SFA and you will not be able to make (i) any subsequent sale of Shares in Singapore or (ii) any offer of such subsequent sale of Shares subject to the awards in Singapore, unless such sale or offer in is made pursuant to the exemptions
under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA (Chapter 289, 2006 Ed.). 
 Director
Notification Requirement. 
 Directors of a Singapore Affiliate are subject to certain notification requirements under the Singapore
Companies Act. Directors must notify the Singapore Affiliate in writing of an interest (e.g., Options, Shares, etc.) in the Company or any related companies within two days of (i) its acquisition or disposal, (ii) any change in a
previously disclosed interest (e.g., when the Shares are sold), or (iii) becoming a director. 
 Insider Trading
Notification. 
 You should be aware of the Singapore insider trading rules, which may impact the acquisition or disposal of shares or
rights to Shares under the Plan. Under the Singapore insider trading rules, you are prohibited from selling Shares when you are in possession of information which is not generally available and which you know or should know will have a material
effect on the price of Shares once such information is generally available. 
 SPAIN 

TERMS AND CONDITIONS 
 Nature of
Grant. 
 This provision supplements the Acknowledgement of the Nature of this Award section of the Award Agreement including this
Appendix A: 
 In accepting this Option, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan.

 You understand and agree that, as a condition of the grant of this Option, except as provided for in the Award Agreement, the termination of
your Service for any reason (including for the reasons listed below) will automatically result in the loss of this Option that has not vested on the date of termination. 
 In particular, you understand and agree that any unvested Option as of your termination date and any vested Option not exercised within the period set forth in the Award Agreement following your
termination date will be forfeited without entitlement to the underlying Shares or to any amount as indemnification in the event of a termination by reason of, including, but not limited to: resignation, Retirement, disciplinary dismissal adjudged
to be with cause, disciplinary dismissal adjudged or recognized to be without cause, individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the
terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree
1382/1985. 

  
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 Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to
grant this Option under the Plan to individuals who may be employees of the Company or any Subsidiary or Affiliate. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not
economically or otherwise bind the Company or its Subsidiaries or Affiliates on an ongoing basis other than to the extent set forth in the Award Agreement. Consequently, you understand that this Option is granted on the assumption and condition that
this Option and the Shares issued upon exercise shall not become a part of any employment or Service contract (either with the Company, the Employer or any Subsidiary or Affiliate) and shall not be considered a mandatory benefit, salary for any
purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the grant of this Option would not be made to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely
accept that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant to you of this Option shall be null and void. 
 NOTIFICATIONS 
 Securities Law Information. 

The Option and the Shares described in the Award Agreement and this Appendix do not qualify under Spanish regulations as securities. No
“offer of securities to the public”, as defined under Spanish law, has taken place or will take place in the Spanish territory. The Award Agreement (including this Appendix) has not been nor will it be registered with
the Comisión Nacional del Mercado de Valores, and does not constitute a public offering prospectus. 

Exchange Control Information. 

The acquisition of Shares and the sale of Shares must be declared for statistical purposes to the Dirección General de Comercio e Inversiones
(the “DGCI”) of the Ministry of Industry, Tourism and Commerce. Because you will not purchase or sell the Shares through the use of a Spanish financial institution, you must make the declaration by filing a D-6 form with the DGCI.
Generally, the D-6 form must be filed each January while the Shares are owned or to report the sale of Shares. 
 When receiving foreign
currency payments derived from the ownership of Shares (i.e., dividends or sale proceeds) exceeding €50,000, you must inform the financial institution receiving the payment of the basis upon which such payment is made. You will need to
provide the institution with the following information: (i) your name, address, and fiscal identification number; (ii) the name and corporate domicile of the Company; (iii) the amount of the payment; (iv) the currency used;
(v) the country of origin; (vi) the reasons for the payment; and (vii) any further information that may be required. 

  
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 SWITZERLAND 
 NOTIFICATIONS 
 Securities Law Information. 

The offer of this Option is considered a private offering in Switzerland and is therefore not subject to registration in Switzerland. 

UNITED KINGDOM 
 TERMS &
CONDITIONS 
 Tax Acknowledgment. 
 The following provisions supplement the Taxes section of the Award Agreement: 
 You shall
pay to the Company or any Affiliate any amount of income tax that the Company or the Affiliate may be required to account to HM Revenue & Customs (“HMRC”) with respect to the event giving rise to the income tax (the “Taxable
Event”) that cannot be satisfied by the means described in the Award Agreement. If payment or withholding of the income tax is not made within ninety (90) days of the Taxable Event or such other period as required under U.K. law (the
“Due Date”), and if you are a director or executive officer of the Company (within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), you will not be eligible for any loan to cover the income
tax due. In the event that you are a director or executive officer and the income tax due is not collected from or paid by you by the Due Date, the amount of any uncollected income tax will constitute a benefit to you on which additional income tax
and National Insurance contributions will be payable. You will be responsible for reporting and paying any income tax and National Insurance contributions due on this additional benefit directly to HMRC under the self-assessment regime. 

  
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