Exhibit 4.18



METALS ACQUISITION LIMITED 
2023 LONG-TERM INCENTIVE
PLAN



ADOPTED BY THE BOARD OF DIRECTORS: June 6,
2023
 APPROVED BY THE SHAREHOLDERS: June 12, 2023



SECTION 1. PURPOSE



Metals Acquisition Limited hereby establishes
this 2023 Long-Term Incentive Plan (the “Plan”). This Plan is intended to (i) attract and retain the best
available personnel to ensure the success of the Company (as defined below) and its Affiliates (as defined below) and accomplish the goals
of the Company and its Affiliates; (ii) to incentivize selected Eligible Persons (as defined below) with long-term incentive awards
to align their interests with the interests of the Company’s shareholders; and (iii) to promote the success of the business
of the Company and its Affiliates.



SECTION 2. DEFINITIONS



As used in the Plan, the following terms have
the meanings set forth below:



| | (a) | “Adoption Date” means the date the Plan is first approved by the Board.
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| | (b) | “Affiliate” shall mean (i) any entity that, directly or through one or more intermediaries, is controlled
by the Company and (ii) any entity in which the Company has a significant equity interest, as determined by the Committee.
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| | (c) | “Applicable Law” shall mean the legal requirements that apply to the Plan and Awards granted hereunder in
any given circumstance as shall be in place from time to time under any statute, law, ordinance, regulation, rule, code, executive order,
injunction, judgment, decree or order of any governmental authority, whether of the United States, any other country, and any provincial,
state, or local subdivision, that relate to the administration of equity plans or equity awards, as well as any applicable stock exchange
or automated quotation system rules or regulations.
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| | (d) | “Award” shall mean any Option, Share Appreciation Right, Restricted Share, Restricted Share Unit, Performance
Award, Dividend Equivalent, Other Share-Based Award or cash award granted under the Plan.
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| | (e) | “Award Agreement” shall mean any written agreement, contract, or other instrument or document, including
an electronic communication, as may from time to time be designated by the Company as evidencing any Award granted under the Plan.
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| | (f) | “Beneficial Owner” shall have the meaning attributed thereto in the Exchange Act.
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| | (a) | “Board” shall mean the Board of Directors of the Company.
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| | (b) | “Cause” will exist (unless another definition is provided in an applicable Option Agreement, employment
agreement or other applicable written agreement that provides that such other definition applies to an Award hereunder) if the Company
reasonably determines that the Participant engaged in (i) any breach by Participant of any written agreement between Participant
and the Company; (ii) any failure by Participant to comply with the Company’s written policies or rules as the same may
be in effect from time to time; (iii) neglect or persistent unsatisfactory performance of Participant’s duties; (iv) Participant’s
repeated failure to follow reasonable and lawful instructions from the Board or Chief Executive Officer; (v) Participant’s
commission, conviction of, or plea of guilty or nolo contendere to, any felony or any crime that results in, or is reasonably expected
to result in, material harm to the business or reputation of the Company; (vi) Participant’s commission of or participation
in any act (A) that causes material harm to the business or reputation of the Company; or (B) of fraud against the Company;
(vii) Participant’s damage to the Company’s business, property or reputation; or (viii) Participant’s unauthorized
use or disclosure of any proprietary information or trade secrets of the Company or any other party to whom the Participant owes an obligation
of nondisclosure as a result of his or her relationship with the Company. For purposes of clarity, a termination without “Cause”
does not include any termination that occurs as a result of Participant’s death or Disability. The determination as to whether a
Participant’s Continuous Service has been terminated for Cause shall be made in good faith by the Company and shall be final and
binding on the Participant. The foregoing definition does not in any way limit the Company’s ability to terminate a Participant’s
employment or consulting or other service relationship at any time, and the term “Company” will be interpreted to include
any subsidiary, parent, Affiliate, or any successor thereto, if appropriate. Furthermore, a Participant’s Continuous Service shall
be deemed to have terminated for Cause within the meaning hereof if, at any time (whether before, on, or after termination of the Participant’s
Continuous Service, regardless of whether the Participant initiated the termination of the Participant’s Continuous Service), the
Company’s becomes aware of facts that would have been Cause if the Company had known of all relevant facts.
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| | (c) | “Change in Control” shall mean the first of the following to occur after the Effective Date:
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| | (i) | Acquisition of Controlling Interest. Any Person becomes the Beneficial Owner (within the meaning of Rule 13d-3 promulgated
under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of
the Company’s then outstanding securities; providedthat the foregoing shall exclude any bona fide sale of securities
of the Company by the Company to one or more third parties for purposes of raising capital. In applying the preceding sentence, an agreement
to vote securities shall be disregarded unless its ultimate purpose is to cause what would otherwise be a Change in Control, as reasonably
determined by the Board.
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| | (ii) | Merger. The Company consummates a merger or consolidation of the Company with any other entity unless: (a) the voting
securities of the Company outstanding immediately before the merger or consolidation would continue to represent (either by remaining
outstanding or by being converted into voting securities of the surviving entity) 50% or more of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; and (b) no Person
becomes, as a result of such merger or consolidation, the Beneficial Owner, directly or indirectly, of securities of the Company representing
50% or more of the combined voting power of the Company’s then outstanding securities.
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| | (iii) | Sale of Assets. The sale or disposition by the Company of all, or substantially all, of the Company’s assets.
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| | (iv) | Liquidation or Dissolution. The liquidation or dissolution of the Company.
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Notwithstanding the foregoing, a “Change
in Control” shall not be deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions
immediately following which (I) the holders of the shares of the Company immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity which owns all or substantially all of the assets of the
Company immediately following such transaction or series of transactions, or (II) any Person who was a Beneficial Owner, directly
or indirectly, of securities in the Company representing 50% or more acquires additional securities in the Company. In addition, a “Change
in Control” shall not be deemed to have occurred by virtue of the consummation of the transactions contemplated by the Share Sale
Agreement.



| | (d) | “Committee” shall mean a committee of the Board, acting in accordance with the provisions of Section 3,
designated by the Board to administer the Plan and composed of not less than two (2) non-Employee Directors. The initial Committee
shall be the Compensation Committee of the Board.
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| | (e) | “Company” shall mean Metals Acquisition Limited, a public limited company incorporated under the laws of
Jersey, Channel Islands, and, to the extent determined appropriate by the Board, in its sole discretion, any Affiliate or successor thereto.
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| | (f) | “Consultant” shall mean any person (other than an Employee or Director), including an advisor, who is engaged
by the Company or any Affiliate to render services and is compensated for such services. A Consultant includes non-natural persons, to
the extent permitted by Applicable Law.
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| | (g) | “Continuous Service” shall mean a Participant’s period of service in the absence of any interruption
or termination of service as an Employee, Consultant, or Director. Continuous Service as an Employee or Consultant shall not be considered
interrupted or terminated in the case of: (i) Company-approved sick leave; (ii) military leave; (iii) any other bona fide
leave of absence approved by the Company. Also, Continuous Service as an Employee or Consultant shall not be considered interrupted or
terminated in the case of a transfer between locations of the Company or between the Company, its parents, subsidiaries or Affiliates,
or their respective successors, or a change in status from an Employee to a Consultant or Director or from a Consultant or Director to
an Employee.
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| | (h) | “Director” shall mean a member of the Board, or a member of the board of directors of an Affiliate.
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| | (i) | “Disability” shall mean.
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| | (j) | “Dividend Equivalent” shall mean any right granted under Section 6(e) of the Plan.
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| | (k) | “Effective Date” means the later of (i) the date on which the Plan is approved by the shareholders
of the Company, and (ii) the day that is one day prior to the date of the closing of the transactions contemplated by the Business
Combination Agreement.
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| | (l) | “Eligible Person” shall mean (i) an Employee, Consultant, or Director, or (ii) a non-Employee,
non-Consultant, or non-Director to whom an offer of a service relationship as an Employee, Consultant, or Director has been extended.
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| | (m) | “Employee” shall mean any person whom the Company or any Affiliate classifies as an employee (including
an officer) for employment tax purposes or, if in a jurisdiction that does not have employment taxes, any person whom the Company or any
Affiliate classifies as an employee (including an officer), in either case whether or not that classification is correct. The payment
by the Company of director’s fees to a Director shall not constitute “employment” of such Director by the Company.
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| | (n) | “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended.
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| | (o) | “Fair Market Value” shall mean, with respect to any Shares or other securities, the closing price of a Share
or other security on the date as of which the determination is being made or as otherwise determined in a manner specified by the Committee.
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| | (p) | “Grant Date” shall mean the later of (i) the date designated as the “Grant Date” within
an Award Agreement and (ii) the date on which the Committee determines the key terms of an Award, providedthat as
soon as reasonably practicable thereafter the Company both notifies the Eligible Person of the Award and issues an Award Agreement to
the Eligible Person.
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| | (q) | “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange
Act.
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| | (r) | “Option” shall mean a Share Option.
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| | (s) | “Other Share-Based Award” shall mean any right granted under Section 6(f) of the Plan.
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| | (t) | “Participant” shall mean an Eligible Person designated to be granted an Award under the Plan.
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| | (u) | “Performance Award” shall mean any right granted under Section 6(d) of the Plan.
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| | (v) | “Performance Criteria” shall mean any quantitative and/or qualitative measures, as determined by the Committee,
which may be used to measure the level of performance of the Company or any individual Participant during a Performance Period.
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| | (w) | “Performance Period” shall mean any period as determined by the Committee in its sole discretion.
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| | (x) | “Person” shall mean any individual, corporation, partnership, association, joint-stock company, trust, unincorporated
organization, or government or political subdivision thereof.
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| | (y) | “Restricted Share” shall mean any Award of Shares granted under Section 6(c) of the Plan.
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| | (z) | “Restricted Share Unit” shall mean any restricted share unit granted under Section 6(c) of the
Plan that is denominated in Shares.
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| | (aa) | “Share Sale Agreement”means the Share Sale Agreement, dated as of March 17, 2022 (as amended by that
certain Deed of Consent and Covenant, dated as of November 22, 2022), by and among the Company and the other parties thereto.
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| | (bb) | “Shares” shall mean the ordinary shares of a par value ofeach of the Company, and such other
securities as may become the subject of Awards, or become subject to Awards, pursuant to an adjustment made under Section 4(b) of
the Plan.
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| | (cc) | “Share Appreciation
Right” shall mean any right granted under Section 6(b) of the Plan.
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| | (dd) | “Share Option”
shall mean an option granted under Section 6(a) of the Plan.
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SECTION 3. ADMINISTRATION



Except as otherwise provided herein, the Plan
shall be administered by the Committee, which shall have the power to interpret the Plan and to adopt such rules and guidelines for
implementing the terms of the Plan as it may deem appropriate; provided, however, that the Board may act in lieu of the
Committee on any matter. The Committee shall have the ability to modify the Plan provisions, to the extent necessary, or delegate such
authority, to accommodate any changes in Applicable Law.



| | (a) | Subject to the terms of the Plan and Applicable Law, the Committee shall have full power and
                                                                                                                                authority to: (i) designate Participants; (ii) determine the type or types
of Awards to be granted to each Participant under the Plan; (iii) determine the number of Shares to be covered by (or with respect
to which payments, rights, or other matters are to be calculated in connection with) Awards; (iv) determine the terms and conditions
of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Shares,
other securities, or other Awards, or terminated, forfeited, cancelled or suspended, and the method or methods by which Awards may be
settled, exercised, terminated, forfeited, cancelled or suspended; (vi) determine whether, to what extent, and under what circumstances
cash, Shares, other securities, other Awards, and other amounts payable with respect to an Award under the Plan shall be deferred either
automatically or at the election of the holder thereof or of the Committee; (vii) interpret and administer the Plan and any instrument
or agreement relating to, or Award made under, the Plan; (viii) establish, amend, suspend, or waive such rules and guidelines;
(ix) appoint such agents as it shall deem appropriate for the proper administration of the Plan; (x) make any other determination
and take any other action that the Committee deems necessary or desirable for the administration of the Plan; and (xi) correct any
defect, supply any omission, or reconcile any inconsistency in the Plan or any Award in the manner and to the extent it deems desirable.
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| | (b) | Without limiting the foregoing, the Committee shall have the discretion to interpret or construe ambiguous, unclear, or implied (but
omitted) terms as it deems to be appropriate in its sole discretion and to make any findings of fact needed in the administration of this
Plan or Award Agreements. The Committee’s prior exercise of its discretionary authority shall not obligate it to exercise its authority
in a like fashion thereafter. The Committee’s interpretation and construction of any provision of this Plan, or of any Award or
Award Agreement, and all determinations the Committee or the Company makes pursuant to this Plan shall be final, binding, and conclusive
(subject only to the Committee’s or the Company’s inherent authority to change their determinations). The validity of any
such interpretation, construction, decision or finding of fact shall not be given de novoreview if challenged in court, by arbitration,
or in any other forum, and shall be upheld unless clearly affected by fraud.
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| | (c) | Any determination made by the Committee or the Company with respect to any provisions of this Plan may be made on an Award-by-Award
basis. The Committee and the Company have no obligation to be uniform, consistent, or nondiscriminatory between classes of similarly situated
Eligible Persons, Participants, Awards or Award Agreements, except as required by Applicable Law.
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| | (d) | The Board or any Committee may delegate to one or more Officers the authority to do one or both of the following (i) designate
Employees who are not Officers to be recipients of Options and Share Appreciation Rights (and, to the extent permitted by Applicable Law,
other types of Awards) and, to the extent permitted by Applicable Law, the terms thereof, and (ii) determine the number of Shares
to be subject to such Awards granted to such Employees; provided, however, that the resolutions or charter adopted by the Board or any
Committee evidencing such delegation will specify the total number of Shares that may be subject to the Awards granted by such Officer
and that such Officer may not grant an Award to himself or herself. Any such Awards will be granted on the applicable form of Award Agreement
most recently approved for use by the Board or the Committee, unless otherwise provided in the resolutions approving the delegation authority.
Notwithstanding anything to the contrary herein, neither the Board nor any Committee may delegate to an Officer who is acting solely in
the capacity of an Officer (and not also as a Director) the authority to determine the Fair Market Value
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| | (e) | CLAIMS LIMITATION PERIOD.Any Participant who believes he or she is being denied any benefit or right under this Plan
or under any Award or Award Agreement may file a written claim with the Committee. Any claim must be delivered to the Committee within
six (6) months of the specific event
giving rise to the claim. Untimely claims generally will not be processed and shall be deemed denied. The Committee, or its designee,
generally will notify the Participant of its decision in writing as soon as administratively practicable. Claims shall be deemed denied
if the Committee does not respond in writing within one-hundred eighty (180) days of the date the written claim is delivered to the Committee.
The Committee’s decision (or deemed decision) is final and conclusive and binding on all Persons. No lawsuit or arbitration relating
to this Plan may be filed or commenced before a written claim is filed with the Committee and is denied or deemed denied, and any lawsuit
must be filed within one (1) year of such denial or deemed denial or be forever barred.
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| | (f) | NO LIABILITY; INDEMNIFICATION.Neither the Board nor any Committee member, nor any Person acting at the direction of the Board
or the Committee, shall be liable for any act, omission, interpretation, construction, or determination made in good faith with respect
to this Plan, any Award, or any Award Agreement. The Company shall pay or reimburse any Director, Employee, or Consultant who in good
faith takes action on behalf of this Plan, for all expenses incurred with respect to this Plan, and to the full extent allowable under
Applicable Law shall indemnify each and every one of them for any claims, liabilities, and costs (including reasonable attorneys’
fees) arising out of their good faith performance of duties on behalf of this Plan. The Company may, but shall not be required to, obtain
liability insurance for this purpose.
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| | (g) | EXPENSES.The Company shall bear the expenses of administering this Plan.
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SECTION 4.SHARES
AVAILABLE FOR AWARDS AND NON-EMPLOYEE DIRECTOR COMPENSATION LIMITS



| | (a) | SHARES AVAILABLE.Subject to adjustment as provided in this Section 4:
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| | (i) | The aggregate number of Shares that may be issued pursuant to Awards isShares, plus a number of Shares that will automatically
be increased on January 1 of each year for a period of five years commencing 3% of the total number of Shares issued and outstanding
on December 31 of the preceding year; provided, however, that the Board may act prior to January 1st of a given year to provide
that the increase for such year will be a lesser number of Shares. This is the “Share Reserve.”
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| | (ii) | If any Shares issued to a Participant under the Plan are subject to an Award that is terminated, forfeited or cancelled (e.g., unvested
Awards of Restricted Shares), or settled in cash the Share Reserve shall be increased by the number of Shares underlying such Award. If
Shares are withheld in satisfaction of withholding taxes or payment of exercise price then the Shares so withheld or used in payment shall
be available for Awards under the Plan and the Share Reserve shall be increased by the same number of Shares as the Share Reserve was
decreased on account of such Shares, if any.
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| | (iii) | ACCOUNTING FOR AWARDS.For purposes of this Section 4, unless the Committee determines otherwise:
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| | (A) | if an Award (other than a Dividend Equivalent) is denominated in Shares, the number of Shares covered by such Award, or to which such
Award relates, shall be counted on the date of grant of such Award against the aggregate number of Shares available for granting Awards
under the Plan;
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| | (B) | Dividend Equivalents denominated in Shares and Awards not denominated, but potentially payable, in Shares shall be counted against
the aggregate number of Shares available for granting Awards under the Plan in such amount and at such time as the Dividend Equivalents
and such Awards are settled in Shares. Any Shares that are delivered by the Company, and any Awards that are granted by, or become obligations
of, the Company through the assumption by the Company or an Affiliate of, or in substitution for, outstanding awards previously granted
by an acquired company, whether through an asset or equity transaction, shall not be counted against the Shares available for granting
Awards under this Plan; and
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| | (C) | Shares subject to Awards that qualify as inducement grants under NYSE Rule 303A.08 or its successor shall not be counted against
the Share Reserve.
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| | (iv) | SOURCES OF SHARES DELIVERABLE UNDER AWARDS.The Shares to be issued, transferred, and/or sold under the Plan shall be made
available from authorized and unissued Shares or from the Company’s treasury shares.
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| | (v) | SHARES AVAILABLE IN AUSTRALIA. The number of Shares available for issue under the Plan in accordance with paragraph (i) above to Eligible Persons in
Australia made in reliance on Division 1A of Part 7.12 of the Corporations Act 2001(Cth) (“Corporations Act”)
shall not exceed the maximum number permitted to be issued in reliance on that Division unless otherwise authorised under Australian law.
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| | (b) | ADJUSTMENTS.
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| | (i) | In the event that the Committee determines that any dividend or other distribution (whether in the form of cash, Shares, or other
securities), recapitalization, share subdivision, reverse share subdivision, reorganization, merger, consolidation, spin-off, repurchase,
or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities
of the Company, or other similar corporate transaction or event constitutes an equity restructuring, or otherwise affects the Shares,
then the Committee may adjust the following in a manner that is determined by the Committee to be appropriate in order to prevent dilution
or enlargement of the benefits or potential benefits intended to be made available under the Plan:
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| | (A) | the number and class of Shares or other securities which thereafter may be made the subject of Awards including the limit specified
in the Share Reserve;
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| | (B) | the number and class of Shares or other securities subject to outstanding Awards;
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| | (C) | the grant, purchase, or exercise price with respect to any Award, or, if deemed appropriate, make provision for a cash payment to
the holder of an outstanding Award; and
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| | (D) | other value determinations applicable to outstanding Awards.
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provided,
however, that the number of Shares subject to any Award denominated in Shares shall always be a whole number.



| | (ii) | ADJUSTMENTS OF AWARDS ON CERTAIN ACQUISITIONS.In the event that a company acquired by the Company or any Affiliate, or with
which the Company or any Affiliate merges, consolidates or combines, has shares available under a pre-existing plan approved by its shareholders
or stockholders and not adopted in contemplation of such acquisition, merger, consolidation or combination, the shares available for grant
pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other formula used
in such transaction to determine the consideration payable to the holders of shares or common stock of such acquired company) may be used
for similar Awards under the Plan and shall not reduce the Share Reserve; providedthat Awards using such available shares
shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition,
merger, consolidation or combination, and shall only be made to individuals who were not employed, immediately before such acquisition,
merger, consolidation or combination, by the post-transaction listed company or entities that were its subsidiaries immediately before
the transaction.
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| | (iii) | ADJUSTMENTS OF AWARDS ON THE OCCURRENCE OF CERTAIN UNUSUAL OR NONRECURRING EVENTS.The Committee is authorized to make adjustments
in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events affecting the Company,
or the financial statements of the Company, or of changes in Applicable Law or accounting principles, whenever the Committee determines
that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits to be made available
under the Plan.
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| | (iv) | DISSOLUTION OR LIQUIDATION. Except as otherwise provided in an Award Agreement, in the event of the dissolution or liquidation
of the Company other than as part of a Change in Control, each Award will terminate immediately prior to the consummation of such dissolution
or liquidation, subject to the ability of the Committee to exercise any discretion authorized in the case of a Change in Control.
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| | (v) | CHANGE IN CONTROL.In the event of a Change in Control but subject to the terms of any Award Agreements or employment-
related agreements between the Company or any Affiliates and any Participant, each outstanding Award may be assumed or a substantially
equivalent award may be substituted by the surviving or successor company or a parent or subsidiary of such successor company (in each
case, the “Successor Company”) upon consummation of the transaction. Notwithstanding the foregoing, instead
of having outstanding Awards be assumed or substituted with equivalent awards by the Successor Company, the Committee may in its sole
and absolute discretion and authority, without obtaining the approval or consent of the Company’s shareholders or any or all Participant(s),
take one or more of the following actions:
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| | (A) | accelerate the vesting of Awards so that some or all Awards shall vest (and, to the extent applicable, become exercisable) as to some
or all of the Shares that otherwise would have been unvested and/or provide that repurchase rights of the Company, if any, with respect
to Shares issued pursuant to an Award shall lapse;
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| | (B) | arrange or otherwise provide for the payment of cash or other consideration to Participants in exchange for the satisfaction and cancellation
of all or some outstanding Awards (based on the Fair Market Value, on the date of the Change in Control, of the Award being cancelled,
based on any reasonable valuation method selected by the Committee); providedthat the Committee shall have full discretion
to unilaterally cancel (A) either all Awards or only select Awards (such as only those that have vested on or before the Change in
Control), and (B) any Options or Share Appreciation Rights whose exercise price is equal to or greater than the Fair Market Value
of the Shares, as of the date of the Change in Control, with such cancellation being without the payment of any consideration whatsoever
to those Participants whose Options and Share Appreciation Rights are being cancelled;
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| | (C) | make such other modifications, adjustments or amendments to outstanding Awards or this Plan as the Committee deems necessary or appropriate.
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SECTION 5. ELIGIBILITY



Any Eligible Person is eligible to be designated
a Participant. The Committee shall determine which Eligible Persons may receive Awards. If the Committee does not determine that an Eligible
Person is to receive a specific Award, he or she shall not be entitled to any such Award. Each Award shall be evidenced by an Award Agreement
that: sets forth the Grant Date and all other terms and conditions of the Award; is signed on behalf of the Company (unless the Committee
determines otherwise); and (unless waived by the Committee) is signed by the Eligible Person in acceptance of the Award. The grant of
an Award shall not obligate the Company or any Affiliate to continue the employment or service of any Eligible Person, or to provide any
future Awards or other remuneration at any time thereafter.



SECTION 6. AWARDS



| | (a) | OPTIONS.The Committee is authorized to grant Options to Participants with the following terms and conditions and with such
additional terms and conditions not inconsistent with the provisions of the Plan, as the Committee shall determine:
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| | (i) | EXERCISE PRICE.The purchase price per Share purchasable under an Option shall be determined by the Committee; provided,
however, and except as provided in Section 4(b), that such purchase price shall not be less than 100% of the Fair Market Value of
a Share on the date of grant of such Option.
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| | (ii) | OPTION TERM.The term of each Option shall not exceed ten (10) years from the date of grant.
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| | (iii) | TIME AND METHOD OF EXERCISE.The Committee shall establish in the applicable Award Agreement the time or times at which an
Option may be exercised in whole or in part, and the method or methods by which, and the form or forms, including, without limitation,
cash, Shares, or other Awards, “net exercise”, broker-assisted cashless exercise, or any combination thereof, having a Fair
Market Value on the exercise date equal to the relevant exercise price, in which, payment of the exercise price with respect thereto may
be made or deemed to have been made. The Company shall not be required to deliver Shares pursuant to the exercise of an Option and the
Option will be deemed unexercised until the Company has received sufficient funds or value to cover the full exercise price due and all
applicable withholding obligations. The Committee may in its sole discretion set forth in an Award Agreement that a Participant may exercise
an unvested Option, in which case the Shares then issued shall be restricted Shares having the same vesting restrictions as the unvested
Option.
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| | (iv) | TERMINATION OF CONTINUOUS SERVICE.The Committee may set forth in the applicable Award Agreement, or a severance agreement,
employment agreement, service agreement or severance plan, the terms and conditions by which an Option is exercisable, if at all, after
the date of a Participant’s termination of Continuous Service. The Committee may waive or modify these provisions at any time. To
the extent that a Participant is not entitled to exercise an Option on the date of a Participant’s termination of Continuous Service,
or if the Participant (or other Person entitled to exercise the Option) does not exercise the Option within the time and as specified
in the Award Agreement or below (as applicable), the Option shall terminate. Notwithstanding the foregoing, if the Company has a contingent
contractual obligation to provide for accelerated vesting or extended exercisability after termination of a Participant’s Continuous
Service, such Options shall not terminate at the time they otherwise would terminate but instead shall remain outstanding, but unexercisable,
until the maximum contractual time for determining whether such contingency will occur, and terminate at such time if the contingency
has not then occurred; providedthat no such extension shall cause an Option to be exercisable after the ten (10) year
anniversary of its Grant Date or the date such Option otherwise would have terminated had the Participant remained in Continuous Service.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Subject to the preceding paragraph and Section 6(a)(v) and
to the extent an Award Agreement, or a severance agreement, employment agreement, service agreement or severance plan, does not otherwise
specify the terms and conditions on which an Option shall terminate when a Participant terminates Continuous Service, the following provisions
apply:



|Reason for Terminating Continuous Service                                                                                                                                                                                                                  |  | Option Termination Date                                                                                                                                                           
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                           |  |                                                                                                                                                                                   
|(I) By the Company for Cause, or what would have been Cause if the Company had known all of the relevant facts, or due to Participant’s material breach of his or her unexpired employment agreement or independent contractor agreement with the Company. |  | All Options, whether or not vested, shall immediately expire effective on the date of termination of the Participant’s Continuous Service, or when Cause first existed if earlier.





9







|(II) Disability or death of the Participant during Continuous Service (in either case unless Reason I applies). |  | All unvested Options shall immediately expire effective as of the date of termination of the Participant’s Continuous Service, and all vested and unexercised Options shall expire twelve (12) months after such termination.                                                                            
|--------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                |  |                                                                                                                                                                                                                                                                                                          
|(III) Any other reason.                                                                                         |  | All unvested Options shall immediately expire effective on the date of termination of the Participant’s Continuous Service. All vested and unexercised Options, to the extent unexercised, shall expire effective ninety (90) days after the date of termination of the Participant’s Continuous Service.



| | (v) | BLACKOUT PERIODS.If there is a blackout period (whether under the Company’s insider trading policy, Applicable Law,
or a Committee-imposed blackout period) that prohibits buying or selling Shares during any part of the ten (10) day period before
an Option expires (as described above), the Option exercise period shall be extended until ten (10) days beyond the end of the blackout
period. Notwithstanding anything to the contrary in this Plan or any Award Agreement, no Option can be exercised beyond the latest date
its original term expires as set forth in the Award Agreement
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | SHARE APPRECIATION RIGHTS.The Committee is hereby authorized to grant Share Appreciation Rights to Participants. Subject to
the terms of the Plan and any applicable Award Agreement, a Share Appreciation Right granted under the Plan shall confer on the holder
thereof a right to receive, on exercise thereof, the excess of (i) the Fair Market Value of one Share on the date of exercise over
(ii) the grant price of the right as specified by the Committee.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | GRANT PRICE.The grant price shall be determined by the Committee, provided, however, and except as provided
in Section 4(b), that such price shall not be less than 100% of the Fair Market Value of one Share on the date of grant of the Share
Appreciation Right, except that if a Share Appreciation Right is at any time granted in tandem with an Option, the grant price of the
Share Appreciation Right shall not be less than the exercise price of such Option.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | TERM.The term of each Share Appreciation Right shall not exceed ten (10) years from the date of grant.
| | ---- | ------------------------------------------------------------------------------------------------------



| | (iii) | OTHER RULES.The rules of Sections 6(a)(iii) – 6(a)(viii) shall apply to Share Appreciation Rights as
if the Award were an Option.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------



| | (c) | RESTRICTED SHARE AND RESTRICTED SHARE UNITS.
| | --- | --------------------------------------------



| | (i) | ISSUANCE.The Committee is hereby authorized to grant Awards of Restricted Share and Restricted Share Units to Participants.
Restricted Share Units represent a Participant’s right to be issued Shares on a future date. A Participant will not have voting
or any other rights as a shareholder of the Company with respect to any Restricted Share Unit unless and until Shares are actually issued
in settlement of the Restricted Share Unit.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | RESTRICTIONS.Restricted Shares and Shares that may be issued with respect to any Restricted Share Units shall be subject to
such restrictions as the Committee may establish in the applicable Award Agreement (including, without limitation, any limitation on the
right to vote a Restricted Share or the right to receive any dividend or other right), which restrictions may lapse separately or in combination
at such time or times, in such installments or otherwise, as the Committee may deem appropriate. Subject to Applicable Law, the Committee
may make Awards of Restricted Share and Restricted Share Units with or without the requirement for payment of cash or other consideration.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





10







| | (iii) | REGISTRATION.Any Restricted Share or Restricted Share Units granted under the Plan may be evidenced in such manner as the
Committee may deem appropriate, including, without limitation, book-entry registration or issuance of a share certificate or certificates
in the case of Restricted Share. In the event any share certificate is issued in respect of Restricted Shares issued under the Plan, such
certificate shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions,
and restrictions applicable to such Restricted Shares. Unrestricted Shares, evidenced in such manner as the Committee shall deem appropriate,
shall be delivered to the holder of Restricted Shares promptly after such restrictions have lapsed.
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | FORFEITURE.On termination of Continuous Service during the applicable vesting period, except as otherwise determined by the
Committee, all Restricted Shares and all Shares that may be issued with respect to any Restricted Share Units still, in either case, subject
to restriction or vesting, as applicable, shall be cancelled and forfeited and, to the extent applicable, reacquired by the Company. However,
if the Participant paid cash or other consideration for Restricted Shares that is so cancelled and forfeited, the Company shall return
to the Participant the lower of the Fair Market Value of the Shares on the date of cancellation and forfeiture or their original purchase
price, to the extent set forth in an Award Agreement or required by Applicable Law.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | PERFORMANCE AWARDS.The Committee is hereby authorized to grant Performance Awards to Participants. Performance Awards include
arrangements under which the grant, issuance, retention, vesting and/or transferability of any Award are subject to Performance Criteria
and such additional conditions or terms as the Committee may designate. Subject to the terms of the Plan and any applicable Award Agreement,
a Performance Award granted under the Plan:
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | may be denominated or payable in cash, Shares (including, without limitation, Restricted Shares), other securities, or other Awards;
and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | shall confer on the holder thereof rights valued as determined by the Committee and payable to, or exercisable by, the holder of the
Performance Award, in whole or in part, on the achievement of such performance goals during such Performance Periods as the Committee
shall establish.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | AMENDMENT OF PERFORMANCE CRITERIA.After a Performance Award has been granted, the Committee may, if it determines appropriate,
amend any Performance Criteria, at its sole and absolute discretion.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | SATISFACTION OF PERFORMANCE CRITERIA.If, as a result of the applicable Performance Criteria being met, a Performance Award
becomes vested and/or exercisable in respect of some, but not all of the number of Shares underlying such Award, which did not become
vested and exercisable by the end of the Performance Period, such Performance Award shall thereupon lapse and cease to be exercisable
in respect of the balance of the Shares which did not vest and/or become exercisable by the end of the Performance Period.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | DIVIDEND EQUIVALENTS.The Committee is hereby authorized to grant to Participants Awards (other than Options and Share Appreciation
Rights) under which the holders thereof shall be entitled to receive payments equivalent to dividends or interest with respect to a number
of Shares determined by the Committee, and the Committee may provide that such amounts (if any) shall be deemed to have been reinvested
in additional Shares or otherwise reinvested. Subject to the terms of the Plan and any applicable Award Agreement, such Awards may have
such terms and conditions as the Committee shall determine.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





11







| | (f) | OTHER SHARE-BASED AWARDS.The Committee is authorized to grant to Participants such other Awards that are denominated or payable
in, valued in whole or in part by reference to, or otherwise based on or related to, Shares (including, without limitation, securities
convertible into Shares), as are deemed by the Committee to be consistent with the purposes of the Plan, provided, however,
that such grants must comply with Applicable Law. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall
determine the terms and conditions of such Awards. Shares or other securities delivered pursuant to a purchase right granted under this
Section 6(f) shall be purchased for such consideration, as the Committee shall determine, the value of which consideration,
as established by the Committee, and except as provided in Section 4(b), shall not be less than the Fair Market Value of such Shares
or other securities as of the date such purchase right is granted.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) | GENERAL.
| | --- | --------



| | (i) | CASH CONSIDERATION FOR AWARDS.Awards may be granted for no cash consideration or for such cash consideration as may be required
by Applicable Law or determined by the Committee; however, Participants may be required to pay any amount the Committee determines in
connection with Awards not inconsistent with the terms of this Plan.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | AWARDS MAY BE GRANTED SEPARATELY OR TOGETHER.Awards may, in the discretion of the Committee, be granted either alone
or in addition to, in tandem with, or in substitution for any other Award or any award granted under any other plan of the Company or
any Affiliate.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | FORMS OF PAYMENT UNDER AWARDS.Subject to the terms of the Plan and of any applicable Award Agreement, payments or transfers
to be made by the Company or an Affiliate on the grant, exercise, or payment of an Award may be made in such form or forms as the Committee
shall determine, including, without limitation, cash, Shares, rights in or to Shares issuable under the Award or other Awards, other securities,
or other Awards, or any combination thereof, and may be made in a single payment or transfer, in installments, or on a deferred basis,
in each case in accordance with rules and procedures established by the Committee. Such rules and procedures may include, without
limitation, provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting
of Dividend Equivalents in respect of installment or deferred payments.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | LIMITS ON TRANSFER OF AWARDS.Except as provided by the Committee, no Award and no right under any such Award shall be assignable,
alienable, saleable, or transferable by a Participant otherwise than by will or by the laws of descent and distribution provided,
however, that, if so determined by the Committee, a Participant may, in the manner established by the Committee, designate a beneficiary
or beneficiaries to exercise the rights of the Participant with respect to any Award on the death of the Participant. Each Award, and
each right under any Award, shall be exercisable, during the Participant’s lifetime, only by the Participant or, if permissible
under Applicable Law, by the Participant’s guardian or legal representative. No Award and no right under any such Award, may be
pledged, alienated, attached, or otherwise encumbered, and any purported pledge, alienation, attachment, or encumbrance thereof shall
be void and unenforceable against the Company or any Affiliate.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





12







| | (v) | CONDITIONS
                                            AND RESTRICTIONS ON SECURITIES SUBJECT TO AWARDS.The Committee may provide that the
                                            Shares issued on exercise of an Option or Share Appreciation Right or otherwise subject to
                                            or issued under an Award shall be subject to such further agreements, restrictions, conditions
                                            or limitations as the Committee in its discretion may specify prior to the exercise of such
                                            Option or Share Appreciation Right or the grant, vesting or settlement of such Award, including,
                                            without limitation, conditions on vesting or transferability and forfeiture or repurchase
                                            provisions or provisions on payment of taxes arising in connection with an Award. Without
                                            limiting the foregoing, such restrictions may address the timing and manner of any re-sales
                                            by the Participant or other subsequent transfers by the Participant of any Shares issued
                                            under an Award, including without limitation: (A) restrictions
                                            under an insider trading policy or pursuant to Applicable Law, (B) restrictions designed
                                            to delay and/or coordinate the timing and manner of sales by Participant and holders of other
                                            Company equity compensation arrangements, (C) restrictions as to the use of a specified
                                            brokerage firm for such re-sales or other transfers and (D) provisions requiring Shares
                                            to be sold on the open market or to the Company in order to satisfy tax withholding or other
                                            obligations. The Committee shall include in any Award Agreement any claw back or forfeiture
                                            provisions required by Applicable Law. The Committee also may include in any Award Agreement
                                            provisions providing for forfeiture of the Award or requiring the Participant to surrender
                                            for no consideration the Shares underlying the Award to the Company in the event the Participant
                                            engages in specified behavior that is adverse to the Company’s interests, including
                                            after termination of his or her service relationship with the Company, such as for competing
                                            with the Company, soliciting its Employees, or breaching a written agreement with the Company.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (vi) | RECOUPMENT OF AWARDS. All Awards granted under the Plan will be subject to recoupment in accordance with any clawback policy
that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the
Company’s securities are listed or as is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or
other Applicable Law and any clawback policy that the Company otherwise adopts, to the extent applicable and permissible under Applicable
Law. In addition, the Board may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Committee determines
necessary or appropriate, including but not limited to a reacquisition right in respect of previously acquired Shares or other cash or
property upon the occurrence of Cause. No recovery of compensation under such a clawback policy will be an event giving rise to a Participant’s
right to voluntarily terminate employment upon a “resignation for good reason,” or for a “constructive termination”
or any similar term under any plan of or agreement with the Company.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (vii) | ELECTRONIC DELIVERY AND PARTICIPATION. Any reference herein or in an Award Agreement to a “written” agreement or
document will include any agreement or document delivered electronically, filed publicly at www.sec.gov (or any successor website thereto)
or posted on the Company’s intranet (or other shared electronic medium controlled by the Company to which the Participant has access).
By accepting any Award the Participant consents to receive documents by electronic delivery and to participate in the Plan through any
on-line electronic system established and maintained by the Company or another third party selected by the Company. The form of delivery
of any Shares (e.g., a share certificate or electronic entry evidencing such Shares) shall be determined by the Company.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (viii) | SHARE CERTIFICATES.All Shares or other securities delivered under the Plan pursuant to any Award or the exercise thereof shall
be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations,
and other requirements of the Securities and Exchange Commission, any stock exchange on which such Shares or other securities are then
listed, and any applicable federal, state, or local securities laws, and the Committee may cause a legend or legends to be put on any
such certificates to make appropriate reference to such restrictions.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ix) | AUSTRALIAN OFFER DOCUMENTS. To the extent an offer of an Award is made to an Eligible Person in Australia and to the extent
such offer cannot be made in reliance on an exception under section 708 of the Corporations Act or under any other exception available
under the Corporations Act, an offer of an Award to an Eligible Person in Australia must be made via an offer document that complies with
Division 1A of Part 7.12 of the Corporations Act.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





13







SECTION 7. AMENDMENT
AND TERMINATION



The Plan shall terminate on the ten (10) year anniversary of its
approval by the Board, but no such termination shall affect any outstanding grants under the Plan. Except to the extent prohibited by
Applicable Law and unless otherwise expressly provided in an Award Agreement or in the Plan:



| | (a) | AMENDMENTS TO THE PLAN.The Board may amend, alter, suspend, discontinue, or terminate the Plan, in whole or in part; provided,
however, that without the prior approval of the Company’s shareholders, no material amendment shall be made if shareholder approval
is required by Applicable Law; and provided, further, that, notwithstanding any other provision of the Plan or any Award
Agreement, no such amendment, alteration, suspension, discontinuation, or termination shall be made without the approval of the shareholders
of the Company that would:
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | increase the total number of Shares available for Awards under the Plan, except as provided in Section 4 hereof;
| | --- | ----------------------------------------------------------------------------------------------------------------



| | (ii) | materially expand the class of Eligible Persons under the Plan, materially increase the benefits accruing to Participants under the
Plan, materially extend the term of the Plan with respect to Share-based Awards, or expand the types of Share-based Awards available for
issuance under the Plan; or
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | except as provided in Section 4(b), permit Options, Share Appreciation Rights, or Other Share-Based Awards encompassing rights
to purchase Shares to be repriced, replaced, or regranted through cancellation, or by lowering the exercise price of a previously granted
Option or the grant price of a previously granted Share Appreciation Right, or the purchase price of a previously granted Other Share-Based
Award.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | AMENDMENTS TO AWARDS.The Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend,
discontinue, or terminate, any Awards theretofore granted, prospectively or retroactively. No such action shall be taken that would impair
the rights of any Participant, without such Participant’s consent, under any Award theretofore granted, providedthat
no such consent shall be required with respect to any such action if such action is taken under Section 6(a)(vi) hereof or if
the Committee determines in its sole discretion that such amendment or alteration either (i) is required or advisable in order for
the Company, the Plan or the Award to satisfy or conform to Applicable Law or to meet the requirements of any accounting standard, or
(ii) is not reasonably likely to significantly diminish the benefits provided under such Award.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



SECTION 8.
GENERAL PROVISIONS



| | (a) | NO RIGHTS TO AWARDS.No Eligible Person, Participant or other Person shall have any claim to be granted any Award under the
Plan, or, having been selected to receive an Award under this Plan, to be selected to receive a future Award, and further there is no
obligation for uniformity of treatment of Eligible Persons, Participants, or holders or beneficiaries of Awards under the Plan. The terms
and conditions of Awards need not be the same with respect to each recipient.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | WITHHOLDING.The Company or any Affiliate shall be authorized to withhold from any Award granted or any payment due or transfer
made under any Award or under the Plan the amount (in cash, Shares, other securities, or other Awards) of withholding taxes due in respect
of an Award, its exercise, or any payment or transfer under such Award or under the Plan and to take such other action as may be necessary
in the opinion of the Company or Affiliate to satisfy statutory withholding obligations for the payment of such taxes. Notwithstanding
any provision of this Plan or an Award Agreement to the contrary, Participants are solely responsible and liable for the satisfaction
of all taxes and penalties that may arise in connection with Awards, and neither the Company, nor any Affiliate, nor any of their employees,
directors, or agents, shall have any duty or obligation to mitigate, minimize, indemnify, or to otherwise hold any Participant harmless
from any or all of such tax consequences. The Company’s obligation to deliver Shares (or to pay cash or other consideration) to
Participants pursuant to Awards is at all times subject to such Participant’s prior or coincident satisfaction of all withholding
taxes.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





14







| | (c) | NO LIMIT ON OTHER COMPENSATION ARRANGEMENTS.Nothing contained in the Plan shall prevent the Company or any Affiliate from
adopting or continuing in effect other or additional compensation arrangements, and such arrangements may be either generally applicable
or applicable only in specific cases.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | NO RIGHT TO EMPLOYMENT OR CONTINUED SERVICE.The grant of an Award shall not constitute an employment or services contract
nor be construed as giving a Participant the right to be retained in the employ or services of the Company or any Affiliate. Further,
the Company or an Affiliate may at any time dismiss a Participant from employment or services, free from any liability, or any claim under
the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | GOVERNING LAW AND VENUE.The validity, construction, and effect of the Plan and any rules and regulations relating to
the Plan shall be determined in accordance with the laws of Jersey, Channel Islands without regard to conflict of law. For purposes of
litigating any dispute that arises directly or indirectly under the Plan, the parties to any Award Agreement agree to submit to the exclusive
jurisdiction of Jersey, Channel Islands and agree that such litigation shall be conducted only in the courts of the Jersey, Chanel Islands
and no other courts.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | SEVERABILITY.If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable
in any jurisdiction, or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee,
such provision shall be construed or deemed amended to conform to Applicable Law, or if it cannot be so construed or deemed amended without,
in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to
such jurisdiction, Person, or Award, and the remainder of the Plan and any such Award shall remain in full force and effect.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) | NO TRUST OR FUND CREATED.Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of
any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any
Person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no greater than
the right of any unsecured general creditor of the Company or any Affiliate.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (h) | NO FRACTIONAL SHARES.No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee
shall determine whether cash or other securities shall be paid or transferred in lieu of any fractional Shares, or whether such fractional
Shares or any rights thereto shall be cancelled, terminated, or otherwise eliminated.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | HEADINGS.Headings are given to the Sections and subsections
of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the
construction or interpretation of the Plan or any provision thereof. .
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (j) | NO
                                            REPRESENTATIONS OR COVENANTS WITH RESPECT TO TAX QUALIFICATION.Although the Company
                                            may endeavor to (i) qualify an Award for favorable tax treatment or (ii) avoid adverse
                                            tax treatment, the Company makes no representation to that effect and expressly disavows
                                            any covenant to maintain favorable or avoid unfavorable tax treatment. The Company shall
                                            be unconstrained in its corporate activities without regard to the potential negative tax
                                            impact on holders of Awards under the Plan. Notwithstanding the forgoing, this Plan, as it
                                            relates to Awards issued to Eligible Persons in Australia, is a plan to which Subdivision
                                            83A-C of the Income Tax Assessment Act 1997(“Tax Act”) applies
                                            (subject to the conditions in the Tax Act), unless an offer of an Award to an Eligible Person
                                            in Australia provides that Subdivision 83A-C is not to apply to that Award.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





15







| | (k) | AWARDS TO NON-JERSEY EMPLOYEES AND OTHER SERVICE PROVIDERS.The Committee shall have the power and authority to determine which
Affiliates shall be covered by this Plan and which employees or other service providers outside Jersey, Channel Islands shall be eligible
to participate in the Plan. The Committee may adopt, amend or rescind rules, procedures or sub-plans relating to the operation and administration
of the Plan to accommodate the specific requirements of local laws, procedures, and practices. Without limiting the generality of the
foregoing, the Committee is specifically authorized to adopt rules, procedures and sub-plans with provisions that limit or modify rights
on death, Disability or on termination of Continuous Service; available methods of exercise or settlement of an Award; payment of income,
social insurance contributions and payroll taxes; and the withholding procedures and handling of any share certificates or other indicia
of ownership which vary with local requirements. The Committee may also adopt rules, procedures or sub-plans applicable to particular
Affiliates or locations.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (l) | DATA PRIVACY.As a condition of receipt of any Award, each Participant explicitly and unambiguously consents to the collection,
use, and transfer, in electronic or other form, of personal data as described in this section by and among, as applicable, the Company
and its Affiliates for the exclusive purpose of implementing, administering, and managing this Plan and Awards and the Participant’s
participation in this Plan. In furtherance of such implementation, administration, and management, the Company and its Affiliates may
hold certain personal information about a Participant with respect to one or more Awards under the Plan, including, but not limited to,
the Participant’s name, home address, telephone number, date of birth, social security or insurance number or other identification
number, salary, nationality, job title(s), information regarding any securities of the Company or any of its Affiliates, and details of
all Awards (the “Data”). In addition to transferring the Data amongst themselves as necessary for the purpose
of implementation, administration, and management of this Plan and Awards and the Participant’s participation in this Plan, the
Company and its Affiliates each may transfer the Data to any third parties assisting the Company in the implementation, administration,
and management of this Plan and Awards and the Participant’s participation in this Plan. Recipients of the Data may be located in
the Participant’s country or elsewhere, and the Participant’s country and any given recipient’s country may have different
data privacy laws and protections. By accepting an Award, each Participant authorizes such recipients to receive, possess, use, retain,
and transfer the Data, in electronic or other form, for the purposes of assisting the Company in the implementation, administration, and
management of this Plan and Awards and the Participant’s participation in this Plan, including any requisite transfer of such Data
as may be required to a broker or other third party with whom the Company or the Participant may elect to deposit any Shares. A Participant
may, at any time, view the Data held by the Company with respect to such Participant, request additional information about the storage
and processing of the Data with respect to such Participant, recommend any necessary corrections to the Data with respect to the Participant,
or refuse or withdraw the consents herein in writing, in any case without cost, by contacting such Participant’s local human resources
representative. The Company may cancel the Participant’s eligibility to participate in this Plan, and in the Committee’s discretion,
the Participant may forfeit any outstanding Awards if the Participant refuses or withdraws the consents described herein. For more information
on the consequences of refusal to consent or withdrawal of consent, Participants may contact their local human resources representative.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (m) | NO DUTY TO NOTIFY.The Company shall have no duty or obligation to any Participant to advise such holder as to the time or
manner of exercising an Award. Furthermore, the Company shall have no duty or obligation to warn or otherwise advise such holder of a
pending termination or expiration of an Award or a possible period in which the Award may not be exercised.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





16







Notwithstanding the foregoing to the contrary,
the Company shall take reasonable steps to notify Participants holding then outstanding Awards regarding the occurrence of a Change in
Control; provided, further, that if pursuant to the Change in Control outstanding Awards shall be cancelled for no consideration, such
notice shall be provided at least five (5) business days prior to the occurrence of the Change in Control (or such shorter period
as the Committee may determine is reasonable in its sole discretion taking into account the potential need for confidentiality with respect
to a Change in Control). For purposes of the foregoing, the Company providing notice via email to (i) a Participant’s Company
email address for Participants who are then in Continuous Service, or (ii) the personal email address in the Company’s personnel
records for a Participant no longer in Continuous Service shall be deemed to be reasonable steps to notify a Participant on the part of
the Company.



| | (n) | NO SHAREHOLDER RIGHTS.Neither a Participant nor any transferee or beneficiary of a Participant shall have any rights or status
as a shareholder of the Company with respect to any Shares underlying any Award until the date of the Company’s register of members
is updated to reflect the Participant’s (or transferee’s or beneficiary’s) status as a shareholder with respect to the
Shares in accordance with the Company’s memorandum and articles of association and Applicable Law. Prior to the issuance of Shares
or Restricted Shares pursuant to an Award, a Participant shall not have the right to vote or to receive dividends or any other rights
as a shareholder with respect to the Shares underlying the Award (unless otherwise provided in the Award Agreement for Restricted Shares),
notwithstanding its exercise in the case of Options and Share Appreciation Rights. No adjustment will be made for a dividend or other
right that is determined based on a record date prior to the date on which the Participant's name is entered into the register of members
of the Company with respect to the Shares, except as otherwise specifically provided for in this Plan or an Award Agreement.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (o) | COMPLIANCE WITH LAWS.The granting of Awards and the issuance of Shares under the Plan shall be subject to all Applicable Law.
The Company shall have no obligation to issue or deliver evidence of title for Shares issued under the Plan prior to:
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and
| | --- | --------------------------------------------------------------------------------------------------------------



| | (ii) | completion of any registration or other qualification of the Shares under any applicable national or foreign law or ruling of any
governmental body that the Company determines to be necessary or advisable or at a time when any such registration or qualification is
not current, has been suspended or otherwise has ceased to be effective.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The inability or impracticability of the Company
to obtain or maintain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel
to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the
failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. Notwithstanding anything to the
contrary herein or in any Award Agreement, the Committee shall have the absolute discretion to impose a “blackout” period
on the exercise of any Option or Share Appreciation Right, as well as the settlement of any Award, with respect to any or all Participants
to the extent the Committee determines that doing so is desirable or required to comply with applicable securities laws.



SECTION 9. ADOPTION DATE; EFFECTIVE DATE



The Plan will come into existence on the Adoption
Date, but no Award may be granted prior to the Effective Date.





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