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                                    THE LinDE GROUP   STRICTLYCONFIDENTIAL    Convenience translation - the German Version is the only legally binding Version  PLAN CONDITIONS   for the Option Rights and the Matching Shares  of the Long Term Incentive Plan 2012 of Linde AG, Tranche 2017 ("LTIP 2012")    Content   § 1 Option Beneficiaries, Transfer 2  § 2 Precondition for Participation, Self-financed Investment, Matching Shares 3  § 3 Option Rights 5  § 4 Issue Conditions, Exercise Price 5  § 5 Adjustment of Plan Conditions; Termination of Option Rights and Matching Shares Rights 6  § 6 Preconditions for Exercise I: Waiting Period and Exercise Period 7  § 7 Preconditions for Exercise II: Performance Targets 8  § 8 Determination of the Number of Exercisable Option Rights 10  § 9 Lapse of Option Rights and Matching Shares Rights in the Event of a Termination of the Employment Relationship 10 § 10 Exercising Option Rights, Granting of Matching Shares 12 § 11 Option Office 13 § 12. Costs 14 § 13 Announcements 14 § 14Taxes, Charges 14 § 15 Liability and Risks 15 § 16 Personal Data 16 § 17 Concluding Provisions 16 ANNEX to the Linde Group Plan Conditions for the LTIP 2012 18 





 






                                    THE LinDE GROUP  CONVENIENCE TRANSLATION  page 2, Plan Conditions, Tranche 2017                                             Preamble  (1) On 4 May 2012, the Annual General Meeting (ordentliche Hauptversammlung) of Linde Aktiengesellschaft,     with headquarters in Munich ("Linde"), has authorised the Executive Board (Vorstand) and, with respect to     the issuance in favour of the members of the Executive Board of Linde, the Supervisory Board (Aufsichts¬     rat) to issue subscription rights (Bezugsrechte) to members of the Executive Board of Linde, to members of       anagement bodies of affiliated Companies within the meaning of sec. 15 et. seg. of the German Stock     Corporation Act (Aktiengesetz) ( Affiliated Companies ) in Germany and abroad and to selected execu-     tives of Linde and Affiliated Companies in Germany and abroad. In order to enable Linde to fulfil its obliga-     tions corresponding to such subscription rights the Annual General Meeting has resolved to create a condi-     tional Capital. The conditional Capital has been registered with the commercial register of Linde on 22 May     2012.  (2) On 4 May 2012, the Annual General  eeting of Linde has further authorised the Executive Board and, with     respect to the issuance in favour of the members of the Executive Board of Linde, the Supervisory Board to     acquire treasury shares and to use such treasury shares, amongst others, to fulfil Linde s obligations under     the LTIP 2012.  (3) On the basis of the aforesaid resolutions, the Option Beneficiaries (as defined in § 1 para. 1) shall be grant-     ed Option Rights (as defined in § 3 para. 1) and Matching Shares Rights (as defined in § 2 para. 10) relating     to no-par value bearer shares (auf den Inhaber lautende Stückaktien) of Linde. The following plan condi¬     tions shall apply to such Option Rights and Matching Shares Rights of the tranche 2017. They shall be inte¬     gral part of the individual agreements on Option Rights and Matching Shares Rights between Linde and the     respective Option Beneficiary.                             § 1 Option Beneficiaries, Transfer  (1) Forthe purpose of these Plan Conditions, "Option Beneficiaries" constitute those members of Linde s Exec¬     utive Board who have been granted Option Rights (as defined in §3 para. 1) and/or Matching Shares     Rights (as defined in § 2 para. 10) by the Supervisory Board as well as those members of the management     bodies of Affiliated Companies in Germany and abroad and those selected executives of Linde in Germany     and abroad who have been granted Option Rights and/or Matching Shares Rights by Linde's Executive     Board.  (2) The Option Rights shall not be transferable nor shall they be used as collateral. The exercise of the Option     Rights pursuantto § 10 shall remain unaffected thereby.  (3) The granting of Option Rights and Matching Shares Rights and the granting of Matching Shares (as defined     in § 2 para. 10) in favour of the Option Beneficiaries shall be made on a mere voluntary basis by Linde. Even     the repeated granting of Option Rights, Matching Shares,  atching Shares Rights or similar benefits under     the LTIP 2012 or other programmes does not provide a Claim for being granted Option Rights, Matching     Shares and Mat hing Shares Rights, similar or comparable benefits in the future. 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 3, Plan Conditions, Tranche 2017       § 2 Precondition for Participation, Self-financed Investment, Matching                                             Shares   (1) Precondition for the participation in the LTIP 2012 is (a) the opening, and maintenance, of a separate Secu¬      rities account by the Option Beneficiary (the "LTIP 2012 Securities Account") during the term of the plan      with an account bank nominated by Linde and engaged with the administration (the "Account Bank") and      (b) the acceptance of Option Rights for the Tranche 2017 as well as the consent to these plan conditions.      In addition to the LTIP 2012 Securities Account the Account Bank shall open, and maintain during the term      of the plan, a Clearing account relating to the LTIP 2012 Securities Account for the participants. Those Par-      ticipants who already have a Clearing account with the Account Bank can use the existing MIP or the LTIP      Clearing account.  (2) For Option Beneficiaries who belong to Linde Band 5 and higher on the Issue Date, i.e., 7 June 2017 (as      defined in § 3 para. 2), the participation in the LTIP 2012 further requires a self-financed investment in a      certain number of no-par value bearer shares of Linde (the "Self-financed Investment Shares") (the shares     of Linde also the  Linde Shares"). The definite number of Self-financed Investment Shares to be held sub-     ject to an adjustment pursuant to § 5 para. 1 shall be notified to the respective Option Beneficiary by way     of an individual award letter. The Option Beneficiaries shall be obliged to transfer the Self-financed In¬     vestment Shares to the LTIP 2012 Securities Account. The Self-financed Investment Shares shall be locked-     up until expiry of the Waiting Period, Le. 6 June 2021, (as defined in § 6 para. 1) and may not be sold or     otherwise transferred during such period. The self-financed invest ent in Linde Shares shall be made     within four months following the Issue Date, i.e. by 6 October 2017, (the  Investment Period") and the     Self-financed Investment Shares shall be transferred to the LTIP 2012 Securities Account during the In¬     vestment Period. Any and all shareholder rights of the Option Beneficiaries pertaining to the Self-financed     Investment Shares shall exist during the Waiting Period too, the Self-financed Investment Shares shall in     particular be entitled to dividend payments during the Waiting Period. Dividend payments on Self-     financed Investment Shares shall be credited to the Clearing account relating to the LTIP 2012 Securities     Account; the Option Beneficiary shall be entitled to dispose of any such credits at any time at its own dis-     cretion.  (3) Option Beneficiaries who belong to Linde Band 4 on the Issue Date can acquire Matching Shares Rights (as     defined in § 2 para. 10) by way of a voluntary self-financed investment in Linde Shares; for these Option     Beneficiaries the self-financed investmentshall not be a precondition for the participation in the LTIP 2012     nor a precondition for the granting of Option Rights. The definite number of voluntarily acquirable Self-     financed Investment Shares for which Matching Shares Rights shall be granted shall be notified to the re¬     spective Option Beneficiaries by way of an individual award letter. In case of such voluntary acquisition of     Self-financed Investment Shares, the self-financed investment in Linde Shares shall be made and the     shares shall be transferred to the LTIP 2012 Securities Account within the Investment Period.  (4) For making the self-financed investment under the LTIP 2012 the Option Beneficiary can use a portfolio of     Linde Shares already held by him/her unless these shares are already locked-up for the purposes of a pre-     vious Long Term Incentive Plans or other forms of remuneration or are otherwise precondition for the     granting and/or the continuity of such forms of remuneration. In this case the respective number of Linde     Shares shall be transferred to the LTIP 2012 Securities Account within the Investment Period. The aforesaid     possibility shall apply likewise to an obligatory self-financed investment pursuant to § 2 para. 2 and a vol¬     untary self-financed investment pursuant to § 2 para. 3. , . 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 4, Plan Conditions, Tranche 2017   (5) In case the number of exercisable Option Rights pursuant to § 8 para. 2 and/or para. 3 is reduced and in the     cases of § 9 para. 4 (a), the number of the Self-financed Investment Shares to be held pursuant to § 2 pa¬     ra. 2 shall be reduced as well, pro rata to the ratio of exercisable Option rights reduced pursuant to § 8 pa¬     ra. 2 and/or para. 3 to the number of the exercisable Option rights pursuant to § 8 para. 1 (without reduc-     tion). The Option Beneficiary can freely dispose of any Linde Shares in excess thereof at any time. The Op¬     tion Beneficiary shall be granted Matching Shares Rights (as defined in § 2 para. 10) only with respect to     the reduced number of Self-financed Investment Shares pursuant to sentence 1, regardless of whether the     Option Benefic ary has disposed of non-locked-up Self-financed Investment Shares or whether he/she still     holds them. The provisions of this § 2 para. 5 sentences 1 through 3 shall apply to Self-financed Investment     Shares held voluntarily pursuant to § 2 para. 3 mutatis mutandis.  (6) The Option Beneficiary who has made a self-financed Investment shall be obliged, at any time up on re-     quest of Linde, to provide evidence of the Option Beneficiary s self-financed Investment by submitting a     bank Statement showing the Self-financed Investment Shares relating to the self-financed Investment.     The bank Statement shall confirm that the Self-financed Investment Shares were held by the Option Bene¬     ficiary from the day following the Investment Period (00:00 h) until the expiry of the Waiting Period re-     spectively the day the bank Statement has been prepared. Notwithstanding the foregoing, Linde may de-     cide that the Account Bank shall grant Linde insight into the LTIP 2012 Securities Account and, if necessary,     provide further information relating thereto. In particular the Account Bank shall inform Linde if it becomes     aware of a disposition by any participant before the expiry of the Waiting Period. To the extent it becomes     aware thereof the Account Bank shall further inform Linde about any third party enforcement measures     with respect to the LTIP 2012 Securities Account. The Account Bank shall include the respective declaration     of consent of the Option Beneficiary in its account documentation.  (7) The Self-financed Investment Shares shall be transferred to the LTIP 2012 Securities Account free of any     third party rights. The Option Beneficiary shall not pledge the Self-financed Investment Shares nor shall     he/she enter into any hedging arrangements or back-to-back-transactions by which the price risk pertain-     ing to the Self-financed Investment Shares is fully or partially economically hedged. The Option Benefi¬     ciary shall further not grant any sub-participations in the Self-financed Investment Shares nor agree on     any trust relationship relating to Self-financed Investment Shares if the Option Beneficiary acts as a trus-     tee.  (8) If the Option Beneficiary does not comply with his/her obligations pertaining to the Self-financed Invest¬     ment Shares pursuant to § 2 para. 2 and para. 4 through 7, any and all Option Rights of the Option Benefi¬     ciary shall lapse without replacement or compensation. This does not apply to a voluntary self-financed In¬     vestment pursuant to § 2 para. 3.  (9) In acquiring Self-financed Investment Shares the respective Option Beneficiary shall ensure that he/she     does not violate mandatory insider trading restrictions. If an Option Beneficiary for this reason is not al-     lowed to make the self-financed Investment within the Investment Period, the Investment Period shall be     extended by that period during which mandatory law interdicts such acquisition. In these cases, the end of     the Investment Period shall be announced by Linde. If the acquisition and/or the holding of Self-financed     Investment Shares by the Option Beneficiary is, or becomes, inadmissible pursuant to mandatory law or if     the fulfilment of the mandatory law requirements in connection with the Self-financed Investment Shares     requires disproportionate efforts by Linde and/or the Option Beneficiary, e.g. the preparation of a pro-     spectus or the involvement of an intermediate, Linde shall, with respect to the respective Option Benefi¬     ciary, be entitled to waive the self-financed Investment as precondition for the participation in the plan. In     such case, Linde may agree with the respective Option Beneficiary on an individual basis. 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 5, Plan Conditions, Tranche 2017    (10) For each Investment Share which is held at the end of the Waiting Period, Linde shall, in accordance with      the following conditions and subject to an adjustment pursuant to § 2 para. 5 and/or § 5 para. 5 grant the      Option Beneficiary one Linde Share (the "Matching Shares Right") (the Linde Shares which are granted      pursuant to a Matching Shares Right are hereinafter referred to as  Matching Shares ):      (a) the Self-financed Investment Shares have been transferred into the LTIP 2012 Securities Account in         accordance with the provisions set forth in § 2 paras. 2 and 3 above within the Investment Period,      (b) the Option Beneficiary has not violated the provisions under § 2 para. 4 and 7,      (c) the Self-financed Investment Shares have been held in the LTIP 2012 Securities Account by the Option         Beneficiary permanently until the end of the Waiting Period and      (d) at the end of the Waiting Period the respective Option Beneficiary has an employment or Service con-         tract with Linde or any Affiliated Company which has not been terminated. If the employment or Ser¬         vice contract is terminated prior to the expiry of the Waiting Period, § 9 shall apply to Matching Shares         Rights mutatis mutandis.  (11) For the fulfilment of its obligations under the Matching Shares Rights Linde intends to use treasury shares.     Flowever, Linde shall, instead of granting Matching Shares, be entitled to make a cash payment to the re¬     spective Option Beneficiary the amount of which shall be calculated based on the number of Matching     Shares to be granted pursuant to § 2 para. 10 multiplied by the average of the closing prices of the Linde     Share in the Xetra trading (or a comparable successor System) on the Frankfurt Stock Exchange within the     last 60 trading days of the Waiting Period.                                       § 3 Option Rights  (1) Linde shall grant Option rights to the Option Beneficiary which confer the right to subscribe to new no-par     value bearer shares of Linde as set forth in these Plan Conditions ("Option Rights").  (2) The Option Rights are deemed to be issued on 7 June 2017 ("Issue Date"). The term of the Option Rights     amounts to five years, counted as from the Issue Date, unless the Option Rights lapse ahead of schedule     pursuant to these Plan Conditions. Option rights which are not exercised or could not be exercised by the     end of the term shall lapse without replacement or compensation.  (3) The Option rights will not be documented in any form of a certificate. A Claim for certification does not exist.                            § 4 Issue Conditions, Exercise Price  (1) Fach Option Right shall entitle the Option Beneficiary to subscribe to one share of Linde ("Option Ratio") at     the Exercise Price pursuant to these Plan Conditions. The "Exercise Price" shall be equal to the lowest issue     price (geringsterAusgabebetrag) from time to time, at present EUR 2.56. 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 6, Plan Conditions, Tranche 2017   (2) Shares which are issued following the exercise of Option Rights shall for the first time be entitled to profit     participation for that financial year for which a resolution on the appropriation of the profits does not exist     at the point in time in which the shares are issued.   (3) Linde may, at its sole discretion at any time prior to the Exercise Period (as defined in § 6 para. 2), choose     to      (a) deliver treasury Linde Shares instead of new Linde Shares from the conditional Capital created for this         purpose, in which case no Exercise Price shall be payable, or      (b) to fulfil the Obligation to deliver Linde Shares by cash payment the amount of which per Linde Share         shall be the difference between (i) the closing price of Linde Shares in the Xetra trading (or a compa-         rable successor system) on the Frankfurt Stock Exchange on the Exercise Date (as defined in § 10 pa¬         ra. 4) and (ii) the Exercise Price (cash settlement).      The decision on any of these alternatives shall be announced to the Option Beneficiaries in the form as set     forth in § 13 prior to the Start of the Exercise Period.    § 5 Adjustment of Plan Conditions; Termination of Option Rights and Match-                                      ing Shares Rights  (1) Insofar as Linde performs corporate actions during the term of the Option Rights, the number of Linde     Shares per Option Right shall be adjusted as follows. Objective of the adjustment is to avoid or minimize     any alteration of the economical value of the Option Rights. The Exercise Price shall in all cases be equal to     the lowest issue price.      (a) In the event of an increase of the number of shares without change in the share Capital (share split) or         a Capital increase from corporate funds through the issuance of new shares, the number of shares per         individual Option Right shall be increased in the ratio of the number of Linde Shares after the Capital         measure to the number of shares prior to such Capital measure. The number of shares to be delivered         when the options are exercised shall remain unchanged provided that the share Capital is increased         through corporate funds and the number of shares issued in this context is not altered.      (b) In the event of a reduction of Linde's share Capital, the Exercise Price and the Option Ratio shall remain         unchanged provided that, as a result of the Capital reduction, the number of shares remains un¬         changed or the Capital reduction is linked to a Capital repayment or an acquisition of treasury shares         against payment. In the event of a Capital reduction through the amalgamation of shares without a         Capital repayment or acquisition of treasury shares against payment and in the event of a consoiida-         tion of shares without a change in the share Capital, the Option Ratio shall be adjusted in such way that         the number of Linde Shares which can be acquired for one Option Right at the Exercise Price shall be         reduced in the ratio of the number of Linde Shares after such Capital measure to the number of shares         prior to such Capital measure.      The number of shares to be held as Self-Financed Investment Shares pursuant to § 2 para. 2 shall be ad¬     justed in the same ratio as the Option Ratio pursuant to subparagraphs (a) and (b) above.                                                                                 / 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 7, Plan Conditions, Tranche 2017  (2) The adjustment pursuant to §5 para. 1 shall be calculated by Linde. Linde shall announce the adjusted     Option Ratio, the adjusted number of Self-Financed Investment Shares and the reference date from which     only the adjusted Option Ratio shall apply, in accordance with § 13.  (3) Fractions of shares shall not be delivered. In the event that the aforementioned adjustment results in frac-     tions of shares, the number of Linde Shares to be granted shall be determined by rounding based on com-     mercial principles. Fractions of shares not taken into account shall neither be compensated in cash nor     otherwise.  (4) Linde shall have the right to terminale the Option Rights within six months after Linde pursues another     legal form, merges with another Co pany, transfers all or substantially all of its assets to another Company     or otherwise undergoes substantial restructuring measures. The same applies if a shareholder or a group of     shareholders of Linde gains control of Linde within the meaning of sec. 29 para. 2 in conjunction with     sec. 30 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz     - WpÜG). Upon such termination the Option Beneficiary shall be entitled to a cash co pensation per Option     R ght the amount of which shall be determined in good faith (nach billigem Ermessen) by Linde. In such de-     termination, the degree of the achievement of the Performance Targets as per the date of termination, the     elapsed time of the Waiting Period up to the termination notice, the market capitalization and the business     prospects of Linde, as they where expected to develop without taking into consideration the circumstances     triggering the termination shall be taken into consideration.  (5) The provisions of this § 5 shall apply to Matching Shares Rights mutatis mutandis provided that the number     of Self-financed Investment Shares for which Matching Shares Rights shall be granted shall be adjusted in     the same ratio as the Option Ratio pursuant to § 5 para 1, regardless of the number of Linde Shares the Op¬     tion Beneficiary holds as self-financed investment.         § 6 Preconditions for Exercise I: Waiting Period and Exercise Period  (1) The Option Rights may be exercised, subject to § 7 below, at the earliest four years after they have been     issued, i.e. at the earliest on 7 June 2021 ("Waiting Period").  (2) The Option Rights may be exercised within a period of twelve months after the end of the Waiting Period     ("Exercise Period"). Thus, the last date on which the Option Rights can be exercised is 6 June 2022. The Op¬     tion Beneficiaries may not exercise the options during the lock-up periods: 30 calendar days betöre     through one day after the publication of quarterly results or results for the first six months, the last two     weeks betöre the end of a financial year through one day after the publication of the results of the respec-     tive financial year and the period starting 14 weeks before through the third banking day after the annual     general meeting of Linde. The periods between the lock-up periods where the Option Beneficiary may ex¬     ercise the Option Rights are the "Exercise Ti es".  (3) Regardless of the lock-up periods (§ 6 para 2), the Option Beneficiaries shall obey potential statutory or     Linde internal prohibitions or Statements (in particular with respect to insider information) when exercising     the Option Rights. 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 8, Plan Conditions, Tranche 2017                 § 7 Preconditions for Exercise II: Performance Targets   (1) Options Rights may only be exercised if and to the extent at least one of the Performance Targets as set     forth below in this § 7 is reached.  (2) The Performance Targets consist of the development of (i) the Earnings Per Share (as defined in § 7 para.     4) and (ii) the Relative Total Shareholder Return (as defined in § 7 para. 5), each and all as determined in     accordance with the following provisions.  (3) With respect to any and all Options Rights granted to one particular Option Beneficiary on the same Issue     Date, the  Earnings Per Share" Performance Target shall have a weighting of 50 percent and the "Relative     Total Shareholder Return" Performance Target li ewise a weighting of 50 percent. Within the two afore-     mentioned Performance Targets there shall be a "minimum target" which must be reached to be able to     exercise Option Rights and a "Stretch target". Upon reaching the Stretch target, all Option Rights may be     exercised within the limits of the weighting of the respective Performance Target.  (4) "Earnings Per Share" Performance Target      (a) The minimum target for the  Earnings Per Share  performance target shall be reached, when the dilut-         ed earnings per share of the Company, adjusted for special items, for the financial year ending before         expiry of the waiting period, i. e. 2020, compared to the diluted earnings per share, adjusted for spe¬         cial items, for the financial year ending before the issue of the subscription rights, i. e. 2016, reaches a         compound average growth rate (Compound Average Growth Rate,  CAGR) of 6 percent annually.      (b) The "Earnings Per Share" Stretch target shall be reached, when the diluted earnings per share of the         Company, adjusted for special ite s, for the financial year ending before the expiry of the waiting pe¬         riod , i. e. 2020, compared to the adjusted diluted earnings per share, adjusted for special items, for         the financial year ending before issue of the subscription rights, i. e. 2016, reaches a compound aver¬         age growth rate of at least 11 percent annually.      (c) Whether and to what extent the "Earnings Per Share  performance target has been reached shall be         determined on the basis of the diluted earnings per share, adjusted for special items, as shown in the         audited Consolidated financial Statements of the Linde Group for the respective financial year; if no ad-        justment for special items has been made in the respective financial Statements, the diluted earnings         per share as shown in the financial Statements shall be decisive. Special items are such effects which,         due to their nature, their scope and/or their frequency can, positively or negatively, influence the sig-         nificance of the diluted earnings per share with regard to the sustainability of the profitability of the         Linde Group. Objective of the adjustment for special items is to increase the transparency of the sus¬         tainability of the Linde Group s profitability      (d) If the minimum target is reached, 12.5 percent of all subscription rights of the respective tranche shall         be exercisable. If the Stretch target is reached, 50 percent of the subscription rights of the respective        tranche, i. e. the total number of subscription rights corresponding to the weighting of this perfor¬         mance target, shall be exercisable. If the minimum target is exceeded, but the Stretch target is not         reached, that percentage, between 12.5 percent and 50 percent, of the subscription rights of the re¬        spective tranche shall be exercisable, which corresponds to the amount by which the minimum target        is exceeded in relation to the Stretch target. A linear division shall be assumed in this respect. If such 





 






                                   THE LinDE GROUP  CONVENIENCE TRANSLATION  page 9, Plan Conditions, Tranche 2017         calculation does not result in an integer percentage, the percentage shall be determined by rounding        to the first decimal piace based on commercial principle  (5)  Relative Total Shareholder Return" Performance Target     (a) The minimum target for the "Relative Total Shareholder Return" performance target shall be reached,        when the Total Shareholder Return per Linde Share in the period between the Issue Date and the Start        of the Exercise Period exceeds the median of values for the Total Shareholder Return of the Reference        Group (as defined below). If the Reference Group is made up of an even number of values, the aver¬        age of the two values lying in the middle shall be relevant.     (b) The Stretch target for the "Relative Total Shareholder Return" performance target shall be reached,        when the Total Shareholder Return per Linde Share in the period between the Issue Date and the Start        of the Exercise Period at least reaches the upper quartile (third quartile) of values for the Total Share-        holder Return of the Reference Group.     (c) The Total Shareholder Return per Linde Share shall consist of the absolute amount by which the price        of a Linde Share rises (or declines) compared to the Initial Value (as defined below) on the one hand,        and the amount of the dividends paid out per Linde Share and the value of any statutory subscription        rights allocated to a Linde Share (because of a Capital increase), in each case during the period        between the Issue Date inclusive and the third to last stock exchange trading day in the Xetra trading        (or a comparable successor System) on the Frankfurt Stock Exchange (in each case including) before        the Start of the Exercise Period, on the other hand. The absolute amount of the rise (or decline) in the        price of the Linde Share shall be the difference between the average of the closing prices (or a compa¬        rable successor value) of the Linde Share between the 62nd and the third to last stock exchange trad¬        ing day in the Xetra trading (or a comparable successor System) on the Frankfurt Stock Exchange (in        each case inclusive) before the Exercise Period (the "End Value") and the Initial Value. In determining        the Total Shareholder Returns, the "Initial Value" shall be the average of the closing prices (or a com¬        parable successor value) for the Linde Share on the last 60 stock exchange trading days in the Xetra        trading (or a comparable successor System) on the Frankfurt Stock Exchange before the Issue Date of        the Option Rights. The value of a statutory subscription right shall, for the purpose of these Plan Condi-        tions, correspond to the average closing prices in that period in which the subscription rights are trad-        ed in the Xetra trading (or a comparable successor System) on the Frankfurt Stock Exchange.     (d) The "Reference Group" includes the respective DAX 30 Companies with the exception of Linde. Com¬        panies which withdraw from or enter the DAX 30 during the period decisive for determining the Total        Shareholder Return will not be taken into consideration. In calculating the respective Total Sharehold¬        er Return of the shares of the Reference Group, Linde can use data provided by recognized independ¬        ent providers for financial data. If with respect to a Company in the Reference Group, shares of differ¬        ent classes or shares with varying profit entitlements are traded on stock exchanges, solely the shares        forming the basis for the determination of the DAX 30 value shall be taken into consideration.     (e) If the minimum target is reached 12.5 percent of all Option Rights issued on the same Issue Date shall        be exercisable. If the Stretch target is reached, 50 percent of the Option Rights issued on the same Is¬        sue Date, i.e. the full number of Option Rights corresponding the weighting of this Performance Target        shall be exercisable. If the  inimum target is exceeded but the Stretch target is not reached, that per¬        centage, between 12.5 percent and 50 percent, of the Option Rights issued on the same Issue Date        shall be exercisable as represented by the amount by which the minimum targets exceeded in relation 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 10, Plan Conditions, Tranche 2017          to the Stretch target. A linear division shall be assumed in this respect. If the calculation does not result         in an integer percentage, the percentage shall determined by rounding to the first decimal place         based on commercial principles.            § 8 Determination of the Number of Exercisable Option Rights   (1) The exercisable number of Option Rights issued on the same Issue Date shall be equivalent to the number     of all Option Rights issued on the same Issue Date, multiplied by the percentage which results from the ag-     gregate percentages arising from reaching one or both of the Performance Targets as set out in § 7 unless     provided otherwise in the following provisions.   (2) If the e ployment or Service contract of the Option Beneficiary terminates prior to the expiry of the Wart-     ing Period due to any of the events mentioned in § 9 para. 2 or 3, the number of Option rights exercisable     by the Option Beneficiary shall be      (a) the number determined pursuant to para. 1 above,      multiplied by      (b) the number of months of employment or Service of the Option Beneficiary from and including the cal-         endar months of the Issue Date up to and including the calendar month in which the Option Rights         would have lapsed when not taking into consideration the provisions of § 9 para. 2 respectively 3,      divided by      (c) 48.  (3) If the payment of any remuneration under the employment or Service of the Option Beneficiary for Linde or     any affiliate has been suspended during the Waiting Period, e.g. due to parental leave or a sabbatical or     unpaid holiday, the number of exercisable Option rights pursuant to para. 1 and 2 shall be reduced pro rata     temporis in the ratio of the number of months during the Waiting Period without Suspension of payment to     the aggregate number of months during the Waiting Period (i.e. 48 months).  (4) If the determination of the number of exercisable Option rights does not result in an integer number of     exercisable Option Rights, the number of exercisable Option Rights shall be determined by rounding based     on commercial principles. Fractions of Option Rights shall not be taken into consideration. Fractions not     taken into consideration will not be compensated, neither in cash nor otherwise.   § 9 Lapse of Option Rights and Matching Shares Rights in the Event of a Ter¬                       mination of the Employment Relationship  (1) Option rights may only be exercised if the Option Beneficiary is in Service or employment with Linde or any     Affiliated Company at the time of exercise and notice of termination has not been given by either party     with regard to the Service or employment agreement. Save for any specific exemption set forth in these     Plan Conditions Option Rights which may not be exercised pursuant to sentence 1 shall lapse without re-                                                                                                / 





 






                                    THE LinDE GROUP  CONVENIENCE TRANSLATION  page 11, Plan Conditions, Tranche 2017      placement or compensation regardless of the reason for such termination (including death and occupa-     tional disability).  (2) The Option Rights shall not lapse, if      (a) the termination of the employment or Service contract is brought about by Linde or by an Affiliated        Company without cause (in particular in the event of termination for economical reasons, transfer of        operations to another legal entity, take over of Linde or sale of shareholdings). This also applies if the        Option Beneficiary personally terminates his/her employment relationship or Service contract pursuant        to its terms following transfer of operations to another legal entity or sale of shareholdings. If the em¬        ployment or Service contract terminates before the expiry of the Waiting Period, the entitlement under        the Option Rights will be adjusted pro rata temporis in accordance with § 8 para. 2. The adjust ent        shall become effective upon the date the termination of the employment or Service contract becomes        effective, provided that, if at such time any right of Linde to terminale the Option Right pursuant to § 5        para. 4 has not yet expired, the adjustment shall become effective upon expiry of the termination peri¬        od, unless Linde makes use of the termination right in time; or      (b) the Option Beneficiary changes his/her employment relationshi  or Service contract from Linde or an        Affiliated Company to an Affiliated Company or Linde.  (3) The Option Rights are retained if the Option Beneficiary retires, develops an occupational disability or be¬     comes incapable of seif Support, provided, however, if the employment or Service contract terminates be¬     fore the expiry of the Waiting Period, the entitlement under the Option Rights will be adjusted pro rata     temporis in accordance with § 8 para. 2.  (4) ln the event of the Option Beneficiaries death, Linde shall grant his/her heirs which have proven their     entitlement vis-ä-vis Linde a cash compensation for the Option Rights which have lapsed in accordance     with the following positions ("Heirs Compensation ):      (a) In the event of the Option Beneficiary s death prior to the expiry of the Waiting Period, the amount of         the Heirs Compensation shall be determined based on the number of the exercisable Option Rights         pursuant to § 8 para. 2 multiplied by the average of the closing prices of the Linde Share in the Xetra         trading (or a comparable successor System) on the Frankfurt Stock Exchange within the first ten stock         exchange trading days of the Exercise Period.      (b) In the event of the Option Beneficiary s death after the expiry of the Waiting Period but within the Ex¬         ercise Period and prior to exercise of the Option Rights, the amount of the Heirs Compensation shall be         determined based on the number of the exercisable Option Rights pursuant to § 8 para. 1 multiplied by         the average closing prices of the Linde Shares in the Xetra trading (or a comparable successor System)         on the Frankfurt Stock Exchange within such Exercise Time in which the Option Beneficiary dies or, in         case the Option Beneficiary dies within a blocking period, within such Exercise Time which follows the         respective blocking period.      (c) If the Option Beneficiary has several heirs, Linde can pay the Heirs Compensation with debt-         discharging effect to one of the heirs or, at its own discretion, deposit the amount in accordance with         the provisions of the German Civil Code.                                           /ü  





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION  page 12, Plan Conditions,Tranche2017  (5) In the event the employment or Service contract is terminated by way of a severance agreement, the Op¬     tion Rights shali.lapse unless the severance.agreement shall replace a termination of the employment or     Service contract due to one of the reasons mentioned in para. 2. If the Option Rights do not lapse pursuant     to this § 9 para. 5, the adjustment positions pursuant to § 9 para. 2 shall apply mutatis mutandis.  (6) The provisions of § 9 para. 1 through 5 shall apply mutatis mutandis to Matching Shares Rights provided     that in the event that the Matching Shares Rights do not lapse Matching Shares or, in the event of § 9 pa¬     ra. 4, the Heirs Compensation shall be granted solely for the number of Self-financed Investment Shares     which has been reduced pursuant to § 2 para. 5, provided that the further preconditions of § 2 para. 10 are     met.              § 10 Exercising Option Rights, Granting of Matching Shares  (1) The Exercise Notice may be submitted from the beginning of the Exercise Period with effect as of the re-     spective Exercise Date.  (2) In order to exercise Option Rights, the Option Beneficiaries  ust submit to Linde an electronic exercise     notice using the pre-printed forms available on the website for the LTIP 2012 ("Exercise Notice"). All Option     Rights which may be exercised in a specific Exercise Period may only be exercised once in accordance with     the provisions above. With the Exercise Notice the Option Office, to the extent specified in the forms avail¬     able from Linde, is authorized by the Option Beneficiary - by means of exemption from the legal re-     strictions of self-dealing (§181 German Civil Code) - to make the necessary Statements and actions to sub-     scribe to the new shares respectively acquire treasury shares of Linde (should Linde choose to deliver     treasury shares pursuant to § 4 para. 3) in its own name, but for the account of the Option Beneficiary. The     Exercise Notice may also be submitted in writing or by fax to the address or fax number designated by     Linde. In the event of an exercise in writing or by fax, the receipt of the fax or the respective letter by the     Option Office shall be decisive for the timely exercise within the meaning of § 10 para. 4 a).  (3) In submitting the Exercise Notice the Option Beneficiary can choose between three different alternatives:      (a)  Exercise and Hold": exercising the Option Rights in order to acquire and transfer the Linde Shares into        the LTIP 2012 Securities Account;      (b)  Exercise and Seil : exercising the Option Rights with the instruction to the Option Office to seil all        Linde Shares on behalf of the Option Beneficiary over the stock exchange without limit at the best pos-        sible price; or     (c) "Exercise and Seil to Cover": exercising the Option Rights with the instruction to the Option Office to         seil that many Linde Shares on behalf of the Option Beneficiary over the stock exchange without limit         at the best possible price which are necessary to cover (i) the Exercise Price for all Linde Shares, (ii)         all charges and costs arising from, or becoming payable due to, the exercising of the Option Rights or         this instruction, and (iii) the advance payment on taxes and other charges (as described in § 10 pa¬         ra. 4) and to transfer the remaining Linde Shares into the LTIP 2012 Securities Account.  (4) The exercising of Option Rights takes effect on the banking day ("Exercise Date") on which the following    conditions have been fulfilled by 11:00 am CET: 





 






                                    THE LIRDE GROUP   CONVENIENCE TRANSLATION   page 13, Plan Conditions, Tranche 2017       (a) the Exercise Notice has been received by the Option Office and      (b) only with respect to the alternative "Exercise and Hold  (as described in § 10 para. 3 a), an amount des-         ignated on the website for the LTIP 2012 comprising          (i) the Exercise Price for all shares to be acquired by the Option Beneficiary, unless Linde decided to             choose the exercise alternative pursuant to § 4 para. 3 (b),          (ii) all costs and charges which become payable upon exercise of the Option Rights, and          (iii) the advance payment on taxes and other charges (as described in § 14 para. 5), if applicable in             the respective country,          has been credited to the account of the Option Beneficiary with the Account Bank.          The Option Beneficiary explicitly agrees that the amount mentioned above may be debited from his         account with the Account Bank by the Option Office.  (5) If the Option Beneficiary does not choose the exercise alternative "Exercise and seil" (§ 10 para. 3 b)), the     shares to be delivered with respect to the exercise of the Option Rights shall be credited to the LTIP 2012     Securities Account of the Option Beneficiary as soon as possible after the Exercise Notice becoming effec-     tive, generally within five banking days. Linde shall make arrangements with the Option Office to have the     Option Office, with respect to the exercise alternatives "Exercise and Seil" and  Exercise and Seil to Cover"     (§ 10 para. 3 b) and c)) pre-fund the Exercise Price for the account of the Option Beneficiary and deduct (i)     the prefunded Exercise Price, (ii) any fees and charges and (iii) the advance payment on taxes and other     charges (as defined in § 10 para. 4) from the proceeds upon sale of the shares for the account of the Option     Beneficiary and pass on the advance payment on taxes and other charges (as defined in § 10 para. 4) to     Linde or the employer of the Option Beneficiary. The Option Beneficiary hereby agrees to such proceeding.  (6) Matching Shares shall be credited to the LTIP 2012 Securities Account automatically within ten (10) bank¬     ing days after expiry of the Waiting Period if the requirements of § 2 para. 10 are met; an exercise of the     Matching Shares Rights is not required. If Linde decides to pay a cash compensation pursuant to § 2 pa¬     ra. 11 instead of granting Matching Shares, this amount shall be automatically transferred to the Option     Beneficiaries with payment of the next salary or remuneration.                                      § 11 Option Office  Linde is entitled to appoint at any time at its own choice employees of Linde or an Affiliated Company, a credit institute, a specialist share/option plan administrator or an accounting firm as Linde's Option Office ("Option Office"). Notwithstanding any other functions the employees of Linde or the Affiliated Company, the credit institute, the specialist share/option plan administrator or the accounting firm may otherwise have or exercise in relation to Linde or any Affiliated Company, for the purposes of these Plan Conditions the Option Office acts exclusively for the Option Beneficiary in exercising such Option Beneficiary s Option Rights. 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 14, Plan Conditions, Tranche 2017                                            § 12 Costs   The Option Beneficiary bears the transaction costs arising out of the exercising of Option Rights and Matching  Shares Rights, including any exercise Commission, any costs of selling the shares as well as any costs for  his/her deposit account. Linde bears its internal costs.                                     § 13 Announcements   (1) Announcements and Statements by Linde concerning these Plan Conditions will be sent to the Option Ben¬     eficiaries by means of electronic data transmission. In exceptional cases the Statements can be sent in     writingorby fax as well.  (2) All Statements by the Option Beneficiary concerning the Option Rights or the Matching Shares Rights must     be made in the German or English language by means of electronic data transmission (email) vis-ä-vis     Linde to the (email) address of Linde mentioned in the letter to the Option Beneficiary concerning the     granting of Option Rights, also if addressed to the Option Office. The Statements can be made in writing or     by fax as well.  (3) The Option Beneficiary is well aware of the risks related to the transmission via fax or electronic data     transmission, in particular the possible technical failure of the transmission and the risk of misuse for want     of original signatures. The decision to use fax or electronic data transmission is solely with the Option Ben¬     eficiary. All risks related thereto are therefore borne by the Option Beneficiary.                                     § 14 Taxes, Charges  (1) Any taxes, social security contributions or other expenses and public charges which accrue to the Option     Beneficiary in conjunction with the issue of the Option Rights, the exercising of Option Rights, the delivery     of shares and the issue of  atching Shares Rights and the granting of Matching Shares are to be borne by     the Option Beneficiary. The same applies if Linde chooses to fulfil the Option Beneficiaries' Claims by way of     cash settlement.  (2) In case Option Beneficiaries are obliged to pay taxes in Germany, the income tax and any other taxes and     compulsory social security contributions on the non-cash benefit obtained by the Option Beneficiary from     the granting or exercising of options and the granting of Matching Shares will be retained from the Option     Beneficiary s salary/payments in accordance with legal provisions applicable from time to time ("With-     holding of Income Tax") unless, due to the exercising alternative chosen by the Option Beneficiary (§ 10     para. 3), an advance payment on taxes and other charges has already been made. This may lead to a com-     plete reduction of the Option Beneficiary's salary/payments in a certain month. If the Withholding of In¬     come Tax exceeds the Option Beneficiary s salary/payments from which taxes and other charges may be     withheld, Linde or the employing Company is entitled to debit the difference by means of a direct debit     from the Option Beneficiary s salary account subject to sufficient prior written notification. In this case, the     Option Beneficiary must ensure that the account has sufficient funds, otherwise a notification on the insuf-     ficient payment will be sent to the competent revenue authorities of taxes and charges.                                                                               / 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 15, Plan Conditions, Tranche 2017   (3) In case of Option Beneficiaries who are subject to tax outside Germany, Linde or any employing Company     may withhold such amount and make such arrangements as it considers necessary to meet any liability to     taxation, social security or other charges in respect of the Option Rights, the Matching Shares Rights, the     Matching Shares and the shares granted upon exercising the Option Rights unless, due to the exercising al¬     ternative chosen by the Option Beneficiary (§ 10 para. 3), an advance payment on taxes and other charges     has already been made. These arrangements may include the withholding of the Option Beneficiary's sala-     ry/payments, the sale or reduction in number of any shares, or for the cash Settlement a deduction from     that payment, unless the Option Beneficiary discharges his/her respective liability to pay taxes, social se¬     curity contributions or other charges himself, and provides evidence thereof, to the satisfaction of Linde or     the employing Com any.  (4) To the extent an advance payment on taxes and other charges due to the exercising alternative chosen by     the Option Beneficiary (§ 10 para. 3 and 4) exceeds the amount to be withheld pursuant to this § 14 para. 2     or 3, the Option Beneficiary shall be reimbursed for the excess amount by Linde or the employing Company     via his/her salary/payments account.  (5) The advance payment on taxes and other charges shall be calculated as follows:          in the event the Option Beneficiary subscribes to new shares, by multiplying the number of shares         subscribed to with (i) the difference between the closing price of the Linde Share in the Xetra trading         (or a similar successor System) on the Frankfurt Stock Exchange on the last stock exchange trading day         prior to the exercise and the Exercise Price and (ii) the maximum tax rate;          if Linde decides to choose the exercise alternative pursuant to § 4 para. 3 (a) and delivers treasury         shares, by multiplication of the number of shares subscribed to with (i) the closing price of the Linde         Share in the Xetra trading (or a similar successor System) on the Frankfurt Stock Exchange on the last         stock exchange trading day prior to the exercise and (ii) the maximum tax rate.                                   § 15 Liability and Risks  (1) Linde does not accept any responsibility for general market developments and the price development of     the Linde Share. For this reason, there is in particular no guarantee that the Option Beneficiary can exercise     Option Rights, gains economic benefits from the granting of Option Rights, the issue of Linde Shares or the     granting of Matching Shares Rights or Matching Shares or be in a position to make a profit on the sale of     Linde Shares. The acceptance and exercise of Option Rights as well as the acquisition of Self-financed In¬     vestment Shares as precondition of the participation in the LTIP 2012 (from Band 5 onwards) or, on a vol-     untary basis, as precondition of the granting of Matching Shares Rights (Band 4) are therefore carried out     solely at the individual Option Beneficiary s risk. The Option Beneficiary in particular bears the price risk     and the risk to lose its self-financed Investment relating to Self-financed Investment Shares.  (2) Linde also does not accept responsibility for the legal treatment of taxes and charges, especially that taxes     and charges to be retained or taxes and charges to be paid by the Option Beneficiary only accrue to the dif¬     ference between the Exercise Price and the current stock exchange price when Option Rights are exercised     or to an actually generated profit from a sale or another specific amount when shares, including Matching     Shares, are delivered. It is recommended that Option Beneficiaries consult a tax expert. The respective Op¬     tion Beneficiary shall bear the cost of such tax consultation. 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 16, Plan Conditions, Tranche 2017    (3) In case of a Submission by fax, Linde can determine the authenticity of Orders only via the incoming fax     Order since the original is not availabie for review. In principle, Linde cannot see from the fax whether an     order was falsified (e.g. by affixing a Signat re from another document). The Option Beneficiary authorises     Linde hereby to carry out fax Orders received by it provided that these, from its surface, carry the Signatare     of the Option Beneficiary. Linde does not accept any responsibility and iiability for the availability, func-     tioning, stability and reliability of the telecommunication network and the timely and complete transmis-     sion.   (4) The technical and organisational measures carried out by Linde in order to ensure the functioning of the     website and the security of data are in line with up to date customary Standards. The availability, function¬     ing, stability and reliability of the website can, according to current techniques, be subject to disturbance     and dysfunction. Linde does not accept any responsibility and Iiability for the availability, functioning, sta¬     bility and reliability of the telecommunication network, any internet provider and third party network ele-     ments as well as for the access to Linde's website and the timely and complete transmission. Linde further     does not accept any responsibility for defects or flaws of the hard- and Software used for the website, in-     cluding those of Service providers, provided that this does not apply in case of intent or gross negligence.     Linde reserves the right to Interrupt or dose down the website without any announcement, e.g. due to     safety reasons following unauthorised third party impact.  (5) Linde's Iiability shall be limited to wilful misconduct and gross negligence provided that this does not relate     to Cardinal obligations.                                     § 16 Personal Data  (1) By participating in the LTIP 2012, the Option Beneficiary agrees to the collection, storage, usage and Pro¬     cessing of his/her personal data by Linde, his/her employer, any Affiliated Company, the Option Office and     other third parties, in particular Service providers, in relation to the issuance of the Option Rights and the     granting of Matching Shares Rights, the administration and implementation of the LTIP 2012.  (2) The Option Beneficiary is responsible for keeping his/her address and other personal communication data     availabie to Linde and/or the Affiliated Company he/she is (or was last) employed with up to date at any     time.  (3) in case of doubt, Linde and the Affiliated Company the Option Beneficiary is (or was last) employed with is     entitled to verify the Option Beneficiary s identity and/or request adequate evidence.                                § 17 Concluding Provisions  (1) The Option Beneficiary is obliged to observe legal provisions, in particular the prohibition on insider trading     and any insider trading guidelines by Linde as well as any applicable obligations to report director s deal-     ings at all times when exercising his/her rights arising out of the Option Rights and/or in the case of a sale     of Issuer shares, which were acquired due to Option Rights or as Matching Shares and which were held as     Self-financed Investment Shares.  (2) The issuance of shares and any payments, including, but not limited to a Cash Settlement, under these Plan     Conditions is not part of the employment and the remuneration under the employment agreement and will 





 






                                    THE LinDE GROUP   CONVENIENCE TRANSLATION   page 18, Plan Conditions, Tranche 2017   ANNEX to the Linde Group Plan Conditions for the LTIP 2012, Tranche 2017   NOTE: In addition to or in deviation from the Plan Conditions, certain specific provisions may apply to Option  Beneficiaries resident in certain jurisdictions at the Issue Date.   For All Jurisdictions, the following applies:  OfferStrictly Private The offer to acquire Option Rights and the granting of Matching Shares Rights is addressed only to directors, officers and employees of Companies belonging to the rinde Group.  Accordingly, the Option Rights are issued, and the Matching Shares Rights are granted, to the Option Benefi¬ ciaries on a strictly private and personal basis. This means that the Option Rights are offered to those individual Option Beneficiaries only who are the addressees of the award letter. No other person is the addressee of the award letter and thus of the offer made thereby and the offer may not be taken up by any other person. The addressee is not allowed to transfer the right to accept the offer to any other person.  No Copying or Distribution Also, you must not copy or distribute the award letter or the Plan Conditions nor any other document or infor- mation given in relation to the LTIP 2012.  No Registration with or Approval by Securities or Regulatory Authority Neither the Option Rights nor the Matching Shares Rights have been registered or are currently envisaged to be registered with any Securities or Regulatory Authority or approved by any such Authority or admitted for trad- ing in anyjurisdiction.  No Review of Documents by Securities or Regulatory Authority Also, neither the contents of the award letter nor the contents of the Plan Conditions or the additional infor- mation (in particularany brochure) have been reviewed by any Securities or Regulatory Authority in anyjuris¬ diction. If you are in doubt about any of the contents of this document, you should obtain independent Profes¬ sional advice.  Financial Statements of Linde AG The Consolidated annual report of Linde AG for the business year2016 as well as the Consolidated report of Linde AG for the first quarter of 2017 are available on Linde s website at http://www.linde.com. Option Bene¬ ficiaries can obtain a free copy of these financial Statements by contacting info@linde.de. 





 






                                    THE LinDE GROUP  CONVENIENCE TRANSLATION  page 17, Plan Conditions, Tranche 2017      not form part of an Option Beneficiary s remuneration for the purpose of determining entitlement to any     benefit of employment including any pension or retirement benefit, life assurance, health Insurance or     other similar benefit, whether existing orsubsequently introduced.  (3) In addition to or in deviation from the Plan Conditions certain specific provisions may apply to Option Bene¬     ficiaries resident in certain jurisdictions at the Issue Date or upon Exercise.  (4) The Option Rights, the Matching Shares Rights and these Plan Conditions are subject to the laws of the     Federal Republic of Germany, excluding the conflict of law rules.  (5) Place of performance is the corporate seat of Linde  (6) The Jurisdiction for all legal conflicts arising out of matters provided for in these Plan Conditions is the cor¬     porate seat of Linde unless the Option Beneficiary has a place of general Jurisdiction in Germany.  (7) Should one of the provisions of these Plan Conditions be or become ineffective or unfeasible either in     whole or in part, the remaining provisions shall remain unaffected. As far as iegally possible, a Provision     shall replace an ineffective Provision corresponding to the sense and purpose of these Plan Conditions at     the time the Option Rights are granted. Should a legal gap arise as a result of ineffectiveness or unfeasibil-     ity or should these Plan Conditions prove to be incomplete for any other reason, the legal gap is to be recti-     fied by means of a supplementary contractual interpretation corresponding to the sense and purpose of     these Plan Conditions, by taking into account the legitimate interests of the parties concerned.  (8) Only the German language Version of these Plan Conditions is Iegally binding.   Munich, 7June 2017