EX-10.7




 Exhibit 10.7 

MARIADB PLC 
 2022
EQUITY INCENTIVE PLAN 
 1. Purpose of the Plan. The Company has adopted the 2022 Equity Incentive Plan to (a) attract,
retain and motivate employees, Officers and Directors of, as well as individual service providers to, the Company and its Related Companies by providing them the opportunity to acquire an equity interest in the Company and (b) align their
interests and efforts with the long-term interests of the Company’s shareholders. 
 2. Definitions. Capitalized terms used in the
Plan have the meanings set forth in Appendix A. 
 3. Administration. 

(a) Plan Administrator. The Plan will be administered by the Board and/or the Compensation Committee. The Compensation
Committee will be composed of two or more Directors, each of whom is (i) a “non-employee director” within the meaning of Rule 16b-3(b)(3) under the
Exchange Act, or any successor definition adopted by the Securities and Exchange Commission, and (ii) “independent” within the meaning of applicable stock exchange listing rules or rules of a similar regulatory authority applicable to the
Company. 
 (b) Delegation. To the extent consistent with Applicable Law, the Board or the Compensation Committee may
delegate concurrent responsibility for administering the Plan, including with respect to designated classes of Eligible Persons, to different committees consisting of one or more Directors, subject to such limitations as the Board or the
Compensation Committee deems appropriate, including a limit that such committees may not grant Awards to Participants who are subject to Section 16 of the Exchange Act. Members of any such committee will serve for such term as the Board or the
Compensation Committee may determine, subject to removal by the Board or the Compensation Committee at any time. To the extent consistent with Applicable Law, the Board or the Compensation Committee may authorize one or more Officers to grant Awards
to designated classes of Eligible Persons or make other determinations with respect to such Awards, within prescribed limits; provided, however, that no Officer will have or obtain authority to grant Awards to himself or herself or to any person
subject to Section 16 of the Exchange Act. All references in the Plan to the “Plan Administrator” will be, as applicable, to the Board, the Compensation Committee or any other committee or Officer to whom authority to
administer the Plan has been delegated. 
 (c) Powers of Plan Administrator. The Plan Administrator will have
full power and exclusive authority, subject to the terms of the Plan, Applicable Law, any delegation of authority from the Board or the Compensation Committee, and such other orders or resolutions not inconsistent with the provisions of the Plan as
may from time to time be adopted by the Board or the Compensation Committee, to: 
 (i) select which Eligible Persons will be granted Awards;

 (ii) determine the type(s) of Award to be granted, the number of Ordinary Shares covered by each Award, the Fair Market Value of the
Ordinary Shares, whether the Award carries rights to dividends or dividend equivalents, whether the Award is to be settled in cash, Ordinary Shares, or other property, and the other terms and conditions of each Award (including when the Award may
vest, be exercised, or settled); 











 (iii) approve the forms of Award Agreements; 

(iv) determine whether, to what extent and under what circumstances Awards may be amended, tolled, accelerated in vesting or exercisability,
cancelled or terminated; 
 (v) interpret and administer the Plan, any Award Agreement and any other agreements or documents related to the
administration of Awards, including those provided on an Admin Portal; 
 (vi) establish rules, and delegate ministerial duties to the
Company’s employees consistent with Applicable Law, for the proper administration of the Plan; 
 (vii) temporarily suspend the
exercisability of an Award if the Plan Administrator deems it to be necessary or appropriate for administrative purposes, including in connection with a Change of Control; and 

(viii) make any other determination and take any other action that the Plan Administrator deems necessary or desirable for administration of
the Plan. 
 The Plan Administrator’s decisions, determinations and interpretations will be final, conclusive and binding on all
persons, including the Company, any Participant, any shareholder and any Eligible Person. 
 (d) Repricing Prohibited.
Notwithstanding the foregoing, the Plan Administrator will not have the right, without shareholder approval, to (i) reduce the exercise or grant price of an Option or SAR after it is granted; (ii) cancel an Option or SAR at a time when
its exercise or grant price exceeds the Fair Market Value of the underlying Ordinary Shares, in exchange for cash, another option or stock appreciation right, or other equity award (unless the cancellation and exchange occurs in connection with a
merger, acquisition, spin-off or other similar transaction); or (iii) take any other action that is treated as a repricing under U.S. generally accepted accounting principles. 

4. Ordinary Shares Subject to the Plan and Related Limits. 

(a) Authorized Number of Ordinary Shares. Subject to adjustment from time to time as provided in Section 14(a), the
number of Ordinary Shares available for issuance under the Plan will be: 
 (i) 6,648,319 Ordinary Shares (the “Initial Share
Reserve”); plus 
 (ii) an annual share increase to be added as of the first day of each fiscal year of the Company
commencing after the Closing and ending on (and including) the first day of the fiscal year in 2032, equal to the lesser of (x) 5% of the aggregate number of Ordinary Shares outstanding on the last day of the immediately preceding fiscal year
(rounded up to the nearest whole share) and (y) an amount determined by the Plan Administrator; provided, however, that any shares that become available from any such increases in previous years that are not actually issued will continue to be
available for issuance under the Plan; plus 

  
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 (iii) any shares subject to outstanding awards under the Prior Plans as of the Closing that,
on or after the Closing, subsequently expire, terminate, or otherwise cease to be subject to such awards (other than by reason of exercise or settlement of the awards to the extent they are exercised for or settled in vested shares), up to an
aggregate maximum of 9,036,139 Ordinary Shares pursuant to this clause (iii). Any such shares that become available for issuance under the Plan from the Prior Plans will cease to be set aside or reserved for issuance pursuant to the applicable Prior
Plan effective on the date on which they cease to be subject to such awards thereunder, and will instead be set aside and reserved for issuance pursuant to Awards under the Plan (the amounts available for issuance under clauses (i)-(iii), the
“Share Reserve”). 
 Ordinary Shares issued under the Plan will be drawn from authorized and unissued Ordinary Shares or
Ordinary Shares redeemed by the Company and held as treasury shares. 
 (b) Share Use. 

(i) Ordinary Shares covered by an Award will not be counted as used unless and until they are actually issued and delivered to a Participant.
If (A) any Award lapses, expires, terminates or is canceled prior to the issuance of Ordinary Shares thereunder, (B) Ordinary Shares under an Award are issued to a Participant and thereafter are forfeited to or otherwise redeemed by the
Company, (C) Ordinary Shares under an Award are withheld by or tendered to the Company as payment, subject to Applicable Law, for the purchase price of an Award or to satisfy tax withholding obligations related to an Award, or (D) Ordinary
Shares subject to an Award that is settled in cash or in another manner where some or all of the shares covered by the Award are not issued, then those Ordinary Shares will remain, or again become, available for issuance under the Plan. 

(ii) If a Participant receives dividends or dividend equivalents in respect of an Award in the form of Ordinary Shares, those shares will not
reduce the Share Reserve, unless expressly determined otherwise by the Plan Administrator. 
 (iii) The Plan Administrator may grant
Substitute Awards under the Plan. Substitute Awards will not reduce the number of Ordinary Shares authorized for issuance under the Plan. In the event that an Acquired Entity has shares available for awards or grants under one or more preexisting
plans not adopted in contemplation of such acquisition or combination and previously approved by the Acquired Entity’s shareholders, then, to the extent determined by the Board or the Compensation Committee and permitted by Applicable Law, the
number of shares available for grant pursuant to the terms of such preexisting plans (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to
determine the consideration payable to holders of securities of the entities that are parties to such acquisition or combination) may be used for Awards under the Plan and will not reduce the number of Ordinary Shares authorized for issuance under
the Plan; provided, however, that Awards using such available shares will not be made after the date awards or grants could have been made under the terms of such preexisting plans, absent the acquisition


  
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or combination, and will only be made to individuals who were not employees or Directors of the Company or a Related Company prior to such acquisition or combination. In the event that the Board
approves a written agreement between the Company and an Acquired Entity pursuant to which a merger or consolidation is completed and that agreement sets forth the terms and conditions of the substitution for or assumption of outstanding awards of
the Acquired Entity, those terms and conditions will be deemed to be the action of the Plan Administrator without any further action by the Plan Administrator, except as may be required for compliance with Rule
16b-3 under the Exchange Act, and the persons holding such awards will be deemed to be Participants. Shares subject to Substitute Awards may not be re-used under the
Plan pursuant to Section 4(b)(i). 
 (iv) The Plan Administrator will also, without limitation, have the authority to grant Awards as
an alternative to or as the form of payment for grants or rights earned or due under other compensation plans or arrangements of the Company. 

(c) ISO Limit. The maximum number of Ordinary Shares that may be issued upon the exercise of Incentive Stock Options may
not exceed 6,648,319 shares, subject to adjustment as provided in Section 14(a) (the “ISO Limit”). 
 (d) Non-Employee Directors. Notwithstanding any provision of the Plan to the contrary, during any fiscal year of the Company, no Director who is also not an employee of the Company or a Related Company
may be granted Awards or cash compensation solely with respect to service as a Director that exceeds in the aggregate $750,000 in value (with the value of Awards denominated in Ordinary Shares computed based on the grant date fair value for such
Awards in accordance with applicable financial accounting standards). The Board or an authorized committee thereof may increase such limit to $1,000,000 for an individual Director who was appointed to the Board during the fiscal year or who serves
as the non-executive chairperson of the Board, as lead independent Director, or as a member of a specially formed committee of the Board, provided that the non-employee
Director receiving such additional compensation may not participate in the decision to award such compensation to such non-employee Director. For purposes of the foregoing limit, Awards granted in previous
fiscal years will not count against the Award limits in subsequent fiscal years, even if the Awards from previous fiscal years are earned, vested or otherwise settled in fiscal years following the fiscal year in which they are granted. 

5. Eligibility. The Plan Administrator may grant Awards (a) to any employee, Officer or Director of the Company or a Related Company
and (b) to any independent contractor (including consultants and advisors) who is a natural person for bona fide services rendered to the Company or any Related Company, provided the services by any independent contractor are not in connection
with the offer and sale of the Company’s securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market for the Company’s securities. 

6. Provisions Applicable to All Awards. 

(a) Grant Date. Corporate action constituting a grant by the Company of an Award to any Participant will be deemed
completed as of the date of such corporate action, unless otherwise determined by the Plan Administrator, regardless of when the Award Agreement evidencing the Award is communicated to, received by, or accepted by the Participant. 

  
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 (b) Clerical Errors. If the Plan Administrator’s records (e.g.,
consents, resolutions or minutes) documenting the corporate action granting the Award contain terms (e.g., exercise price, vesting schedule or number of Ordinary Shares) that are inconsistent with those in the Award Agreement as a result of a
clerical error in the papering of the Award Agreement, the Plan Administrator’s records approving the Award will control and the Participant will have no legally binding right to the incorrect term in the Award Agreement. 

(c) Evidence of Awards. The Plan Administrator will document all Awards by an Award Agreement that contains the material
terms of the Award, including but not limited to any consideration to be paid to receive the Award (including the Participant’s services to the Company or a Related Company), the exercise or purchase price (if any), the vesting schedule
(including any performance vesting triggers), and the Company’s rights to redeem the Ordinary Shares subject to the Award. 
 (d)
Other Governing Documents. The Plan Administrator may require a Participant, as a condition to receiving Ordinary Shares under the Plan, to sign any additional documentation as reasonably required by the Plan Administrator for
compliance with Applicable Law and the orderly administration of the Plan. 
 (e) Payments for Ordinary Shares and
Taxes. The Plan Administrator will determine, subject to Applicable Law, the forms of consideration a Participant may use to pay the exercise or purchase price for Ordinary Shares issued under Awards and any withholding taxes or other
amounts due in connection with Awards. A Participant must pay all consideration due in connection with the Award (including withholding taxes) before the Company will issue the Ordinary Shares being acquired. Subject to Section 18(f) and
Applicable Law, the Plan Administrator may (but is not required to) permit the use of the following forms of consideration (including a combination thereof): 

(i) cash or cash equivalents, including checks, wire transfers, and ACH payments; 

(ii) having the Company withhold Ordinary Shares and any other consideration that would otherwise be issued under an Award (other than in
respect of an Incentive Stock Option) that have an aggregate Fair Market Value equal to the consideration owed to the Company (a “Withhold to Cover”); 

(iii) tendering (either actually or, if and so long as the Ordinary Shares are registered under Section 12(b) or 12(g) of the Exchange
Act, by attestation) Ordinary Shares owned by the Participant free and clear of any liens, claims or other encumbrances that have an aggregate Fair Market Value equal to the consideration owed to the Company, but only if the tender will not result
in any adverse accounting consequences to the Company; 
 (iv) if and so long as the Ordinary Shares are registered under Section 12(b)
or 12(g) of the Exchange Act, and to the extent permitted by Applicable Law, delivery of a properly executed agreement, together with irrevocable instructions to a brokerage firm designated or approved by the Company to deliver promptly to the
Company the aggregate amount of proceeds to pay the consideration due to the Company, all in accordance with the regulations of the Federal Reserve Board; or 

  
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 (v) such other consideration as the Plan Administrator may permit, to the extent permitted
under Applicable Law. 
 If a Participant engages in a Withhold to Cover transaction to pay applicable tax withholdings, the value of the
Ordinary Shares so withheld may not exceed the employer’s applicable maximum required tax withholding rate or other applicable rate that is permitted, provided such tax withholding rate will not cause adverse accounting consequences to the
Company and is permitted under Applicable Law, as determined by the Plan Administrator. 
 (f) Vesting. Unless
otherwise provided by the Plan Administrator, a Participant will cease vesting in an Award at the time of the Participant’s Termination of Service and the Participant will have no further rights, title or interest in or to the unvested portion
of the Award upon the Termination of Service. 
 (g) Performance-Based Awards. The Plan Administrator may grant Awards
subject to Performance Goals. The time period during which one or more Performance Goals must be met is called the “Performance Period.” 

(h) Change in Service; Leaves of Absence. Subject to Applicable Law, the Company’s chief human resources officer or
other person performing that function will be authorized to determine the effect on Awards of a Participant’s leave of absence or change in hours of employment or service. In general, if, after the Grant Date of an Award to a Participant, the
Participant’s regular level of time commitment in the performance of the Participant’s services for the Company and any Related Companies is reduced (for example, and without limitation, if the Participant has a change in status from a
full-time employee to a part-time employee, or if the Participant goes on a leave of absence), the Company has the right in its sole discretion (and without the need to seek or obtain the consent of the affected Participant), subject to Applicable
Law, to (i) make a corresponding reduction in the number of Ordinary Shares, other property or cash subject to any portion of such Award that is scheduled to vest or become payable after the date of such change in time commitment, and
(ii) in lieu of or in combination with such a reduction, extend the vesting or payment schedule applicable to such Award (but only if the modification would not cause the Participant to incur penalties or additional taxation under
Section 409A). If an Award is reduced, the Participant will have no right with respect to the portion of the Award that is so reduced. Notwithstanding the foregoing, any such determinations made with respect to Directors or Officers will be
made by the Plan Administrator. 
 (i) Applicability of Award Terms to New Property. If a Participant receives new or
additional Ordinary Shares, other securities, other property, or cash in respect of an Award, those shares, securities, property and cash will be subject to all the same terms of the Plan and the Award Agreement as apply to the underlying Ordinary
Shares subject to that Award. 

  
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 (j) Recoupment. Awards will be subject to the requirements of
(a) Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (regarding recovery of erroneously awarded compensation) and any implementing rules and regulations thereunder, (b) similar rules under the laws of any
other jurisdiction, (c) any compensation recovery or clawback policies or clawback provisions in a Participant’s terms of employment (as applicable) adopted by the Company to implement any such requirements and (d) any other
compensation recovery and clawback policies and clawback provisions in a Participant’s terms of employment (as applicable) as may be adopted from time to time by the Company, all to the extent determined by the Plan Administrator in its
discretion to be applicable to a Participant. No recovery of compensation under such a recovery or clawback policy or clawback provisions in a Participant’s terms of employment (as applicable) will be an event giving rise to a right to
voluntarily terminate employment or service upon a “resignation for good reason” or for a “constructive termination” or a similar term under any plan or agreement with the Company or a Related Company. 

(k) Trading Policy and Other Restrictions. Transactions involving Awards are subject to the Company’s insider
trading policy and other restrictions, terms, conditions and policies, as may be established by the Company (including the Board or a committee of the Board) from time to time or as may be required by Applicable Law. 

(l) Investigations. Subject to Applicable Law, if a Participant’s employment or service relationship with the
Company or a Related Company is suspended pending an investigation of whether the Participant will be terminated for Cause, all the Participant’s rights under any Award will likewise be suspended during the period of investigation. 

(m) No Obligation to Notify or Minimize Taxes. The Company and the Plan Administrator will have no duty or obligation to
any Participant to advise such holder as to the time or manner of exercising the Participant’s rights under an Award. Furthermore, except as set forth in Section 14(c), the Company will have no duty or obligation to warn or otherwise
advise such holder of a pending termination or expiration of an Award. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award. 

(n) Dividends and Distributions. To the extent permitted by Applicable Law with regard to the declaration and making of
dividends, Participants may, if the Plan Administrator so determines, other than with respect to Options or SARs, be credited with dividends or dividend equivalents with respect to Ordinary Shares underlying an Award in a manner determined by the
Plan Administrator in its sole discretion. With respect to Awards that are subject to the achievement of Performance Goals or other vesting terms, any such credited dividends or dividend equivalents may be paid only with respect to the portion of
such Awards that is actually vested or earned. The Plan Administrator may apply any restrictions to the dividends or dividend equivalents that the Plan Administrator deems appropriate and may determine the form of payment of dividends or dividend
equivalents, including cash, Ordinary Shares, Restricted Stock or Restricted Stock Units. Notwithstanding the foregoing the crediting of dividends or dividend equivalents must comply with or qualify for an exemption under Section 409A. 

(o) Deferrals. The Plan Administrator may permit or require a Participant to defer receipt of the payment of any Award.
If any such deferral election is permitted or required, the Plan Administrator, in its sole discretion, will establish rules and procedures for such payment deferrals, which may include the grant of additional Awards or provisions for the payment or
crediting of interest or dividend equivalents, including converting such credits to deferred share unit equivalents. Deferral of any Award or payment thereunder will comply with Applicable Law and will satisfy either the requirements for exemption
from Section 409A or the requirements of Section 409A as determined by the Plan Administrator prior to such deferral. 

  
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 (p) Right to Repurchase Shares. To the extent any Award granted by the
Company contains a contractual right on the part of the Company to repurchase Ordinary Shares, such right will, for all purposes of the Companies Act, constitute a right to redeem the Ordinary Shares (and any relevant Ordinary Shares which are
issued subject to such a redemption right will be issued as redeemable Ordinary Shares without further action on the part of the Board, any committee thereof or any delegate of the Board). 

7. Options & SARs. 

(a) Types of Options. The Plan Administrator may grant Options designated as Incentive Stock Options or as Nonqualified
Stock Options.  
 (b) Exercise Price. The Plan Administrator may not grant Options or SARs with an
exercise price per Ordinary Share less than 100% of the Fair Market Value of the Ordinary Shares on the Grant Date (and not less than the minimum exercise price required by Section 422 of the Code with respect to Incentive Stock Options),
except in the case of Substitute Awards. 
 (c) Term. The maximum term of an Option or SAR will be ten years from the
Grant Date, subject to earlier termination in accordance with the terms of the Plan and the Award Agreement. 
 (d) Conditions to
Exercise. 
 (i) To exercise an Option or SAR, the Participant must deliver (A) the exercise agreement or other
permitted notice stating the number of Ordinary Shares being purchased and, if applicable, the account number or digital wallet address into which the Ordinary Shares should be deposited, (B) payment in full of the exercise price and any tax
withholding obligations, and (C) any additional documents requested or required by the Company as a condition to exercise. The Company will not initiate the settlement on the exercise of an Option or SAR until all conditions necessary for the
exercise of the Award have been satisfied (including compliance with Applicable Law), all the foregoing steps have been completed and the Company initiates the issuance of the Ordinary Shares in the Participant’s name. 

(ii) The Plan Administrator may modify the exercise agreement form for Options and SARs, and the procedure for exercise, from time to time,
including after the Grant Date of an Award, without the Participant’s consent. The Plan Administrator may restrict exercise to those times when the exercise will not violate Applicable Law or as it deems necessary or appropriate for
administrative purposes. 
 (iii) Unless the Plan Administrator determines otherwise, an Option or SAR may be exercised only for whole
Ordinary Shares. 
 (e) Effect of Termination of Service. The Plan Administrator will establish and define in the Award
Agreement how an Option or SAR will be treated on a Termination of Service. 

  
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Unless otherwise set forth in the Award Agreement or otherwise determined by the Plan Administrator, the following treatment will apply: 

(i) Any portion of an Award that is not vested and exercisable on the date of a Participant’s Termination of Service will expire on the
date of the Participant’s Termination of Service. 
 (ii) Any portion of an Award that is vested and exercisable on the date of a
Participant’s Termination of Service will expire on the earliest to occur of the following, if not exercised by that date: 
 (A) if
the Participant’s Termination of Service occurs for reasons other than Cause, Disability or death, the date that is three months after such Termination of Service; 

(B) if the Participant’s Termination of Service occurs by reason of Cause, the date of the Termination of Service; 

(C) if the Participant’s Termination of Service occurs by reason of death or Disability, the date that is 12 months after such
Termination of Service; 
 (D) if the Participant dies during any of the foregoing post-termination exercise periods, the date that is 12
months after death; 
 (E) if the Plan Administrator determines during any of the foregoing post-termination exercise periods that
termination for Cause existed at the time of the Participant’s Termination of Service, immediately on such determination; 
 (F) if,
during any of the foregoing periods, the Company undergoes a Change of Control and the successor or acquiring entity refuses to convert, continue, assume, substitute for or replace an Award, then on the date of the consummation of the Change of
Control; and 
 (G) the Award Expiration Date. 

(f) Extension of Exercise Period under Limited Circumstances. If the exercise of an Award following a Participant’s
Termination of Service (other than upon the Participant’s death or Disability) would be prohibited at any time solely because the issuance of Ordinary Shares under the Award would violate the registration requirements under the Securities Act
or similar requirements under the laws of any state or foreign jurisdiction, then the Award will terminate on the earlier of (A) the Award Expiration Date and (B) the date that is three months after the date of Termination of Service
during which the exercise of the Award would not be in violation of such requirements. 
 8. Incentive Stock Option Limitations. The
terms of an Incentive Stock Option must comply in all respects with Section 422 of the Code, each of which is incorporated by reference into the Plan. The Plan Administrator will construe the terms of any Option granted as an Incentive Stock
Option within the meaning of Section 422 of the Code, and if the Option (or a portion thereof) does not meet the requirements of Section 422 of the Code, that Option (or that portion) will be treated as a Nonqualified Stock Option. The
requirements of Section 422 include the following: 

  
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 (a) ISO Granting Period. No Incentive Stock Options may be granted more
than ten years after the earlier of the approval by the Board or the shareholders of the Plan (or any amendment to the Plan that constitutes the adoption of a new plan for purposes of Section 422 of the Code). For clarity, any shareholder
approved amendment of the Initial Share Reserve that also amends the ISO Limit will be deemed the adoption of a new plan for purposes of Code Section 422 and therefore an extension of the period in which Incentive Stock Options may be granted,
unless otherwise expressly provided for in the shareholder approval of such increase. 
 (b) ISO Qualification. If the
aggregate Fair Market Value (determined as of the Grant Date) of Ordinary Shares with respect to which a Participant’s Incentive Stock Options become exercisable for the first time during any calendar year (under the Plan and all other share
option plans of the Company and its parent and subsidiary corporations) exceeds $100,000 (or such other limit established by the Code), or if the Option otherwise does not comply with the requirements under Section 422 of the Code, the Option
(or the portion that does not meet the requirements of Section 422) will be treated as a Nonqualified Stock Option. Options will be taken into account in the order in which they were granted. If the Participant holds two or more such Options
that become exercisable for the first time in the same calendar year, such limitation will be applied on the basis of the order in which such Options are granted. 

(c) Eligible Employees. Individuals who are not employees of the Company or one of its parent or subsidiary corporations
may not be granted Incentive Stock Options. The Plan does not prohibit the grant of Incentive Stock Options to employees who reside or work outside of the United States. 

(d) Exercise Price. Incentive Stock Options will be granted with an exercise price per share not less than 100% of the
Fair Market Value of the Ordinary Shares on the Grant Date, and in the case of an Incentive Stock Option granted to a Participant who owns more than 10% of the total combined voting power of all classes of the shares of the Company or of its parent
or subsidiary corporations (as determined under the Code, a “Ten Percent Shareholder”), will be granted with an exercise price per Ordinary Share not less than 110% of the Fair Market Value of the Ordinary Shares on the Grant Date.
Status as a Ten Percent Shareholder will be determined in accordance with Section 422 of the Code. 
 (e) Option
Term. The maximum term of an Incentive Stock Option will not exceed ten years, and in the case of an Incentive Stock Option granted to a Ten Percent Shareholder, will not exceed five years, in each case, subject to earlier termination
in accordance with the terms of the Plan and the Award Agreement. 
 (f) Exercisability. An Option designated as an
Incentive Stock Option will cease to qualify for favorable tax treatment as an Incentive Stock Option to the extent it is exercised (if permitted by the terms of the Option) (i) more than three months after the date of a Participant’s
termination of employment if termination was for reasons other than death or disability, (ii) more than one year after the date of a Participant’s termination of employment if termination was by reason of disability, or (iii) more
than six months following the first day of a Participant’s leave of absence that exceeds three months, unless the Participant’s reemployment rights are guaranteed by statute or contract (as such rule is explained in Section 422 of the
Code). 

  
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 (g) Taxation of Incentive Stock Options. To obtain the tax benefits
afforded to Incentive Stock Options under Section 422 of the Code, the Participant must hold the Ordinary shares acquired on the exercise of an Incentive Stock Option for two years after the Grant Date and one year after the date of exercise
(that is, the Participant must not Transfer the shares until at least the day after the expiration of these periods). A Participant may be subject to the alternative minimum tax at the time of exercise of an Incentive Stock Option. The Participant
must give the Company prompt notice of any disposition of Ordinary Shares acquired on the exercise of an Incentive Stock Option prior to the expiration of these holding periods. 

(h) Code Definitions. For the purposes of this Section 8, “disability,” “parent
corporation” and “subsidiary corporation” have the meanings attributed to those terms for purposes of Section 422 of the Code. 

(i) Shareholder Approval. If the shareholders of the Company do not approve the Plan within 12 months after the
Board’s adoption of the Plan (or the Board’s adoption of any amendment to the Plan that constitutes the adoption of a new plan for purposes of Section 422 of the Code), Incentive Stock Options granted under the Plan after the date of
the Board’s adoption (or approval) will be treated as Nonqualified Stock Options. 
 9. Stock Awards, Restricted Stock Awards and Restricted
Stock Unit Awards.  
 (a) Grants of Stock Awards, Restricted Stock Awards and Restricted Stock Unit
Awards. The Plan Administrator may grant Stock Awards, Restricted Stock Awards and Restricted Stock Unit Awards to selected Participants on such terms and conditions and subject to such redemption or forfeiture restrictions, if any,
which may be based on continuous employment or service with the Company or a Related Company or the achievement of Performance Goals, as the Plan Administrator may determine in its sole discretion, which terms, conditions and restrictions will be
set forth in the Award Agreement. 
 (b) Vesting of Restricted Stock Awards and Restricted Stock Unit Awards. Upon the
satisfaction of any terms, conditions and restrictions prescribed with respect to Restricted Stock Awards or Restricted Stock Unit Awards, or upon a Participant’s release from any terms, conditions and restrictions on Restricted Stock Awards or
Restricted Stock Unit Awards, as determined by the Plan Administrator, (i) the Ordinary Shares the subject of each Award will become freely transferable by the Participant, subject to compliance with the Company’s insider trading policy
and Applicable Law, and (ii) Restricted Stock Unit Awards will be paid in Ordinary Shares or, if set forth in the Award Agreement, in cash or a combination of cash and Ordinary Shares or other securities. 

10. Performance Awards. 

(a) Performance Share Units. The Plan Administrator may grant Awards of Performance Share Units, designate the
Participants to whom Performance Share Units are to be awarded and determine the number of Performance Units and the terms and conditions of each such Award. Performance Share Units will consist of units valued by reference to a designated


  
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number of Ordinary Shares, the value of which may be paid to the Participant by delivery of Ordinary Shares or, if set forth in the Award Agreement, of such property as the Plan Administrator
will determine, including, without limitation, cash, Ordinary Shares, other property, or any combination thereof, upon the attainment of Performance Goals, as established by the Plan Administrator, and other terms and conditions of such Awards. The
amount to be paid under an Award of Performance Share Units may be adjusted on the basis of such further consideration as the Plan Administrator will determine in its sole discretion. 

(b) Performance Units. The Plan Administrator may grant Awards of Performance Units, designate the Participants to whom
Performance Units are to be awarded and determine the number of Performance Units and the terms and conditions of each such Award. Performance Units will consist of a unit valued by reference to a designated amount of cash or property other than
Ordinary Shares, which value may be paid to the Participant by delivery of such property as the Plan Administrator will determine, including, without limitation, cash, Ordinary Shares, other property, or any combination thereof, upon the attainment
of Performance Goals or other criteria, as established by the Plan Administrator, and other terms and conditions specified by the Plan Administrator. The amount to be paid under an Award of Performance Units may be adjusted on the basis of such
further consideration as the Plan Administrator will determine in its sole discretion. 
 (c) Plan Administrator
Approval. After completion of any Performance Period applicable to an Award of Performance Share Units or Performance Units and prior to payment, settlement or vesting of any such Award, the Plan Administrator will certify the extent
to which any Performance Goal established under this Section 10 has been satisfied, and the amount payable as a result thereof (which may approved as a percentage of a target Award). 

11. Other Share or Cash-Based Awards. Subject to the terms of the Plan and such other terms and conditions as the Plan Administrator
deems appropriate, the Plan Administrator may grant other incentives payable in cash or in Ordinary Shares under the Plan. 
 12. Tax
Matters. 
 (a) Meaning of “taxes”. Any references in the Plan and/or the supporting documents
to “tax” or “taxes” includes any and all taxes, charges, levies and contributions (including, for the avoidance of doubt, any social security contributions), whether federal, state, local or otherwise, of Ireland, the United
States of America or elsewhere. 
 (b) Withholding. The Company will require the Participant to pay to the Company or a
Related Company, as applicable, the amount of (i) any taxes that the Company or a Related Company is required by applicable federal, state, local or foreign law to withhold with respect to an Award and (ii) any other amounts due from the
Participant to the Company, any Related Company or any governmental authority. The Company will not be required to issue any Ordinary Shares or otherwise settle an Award under the Plan until such tax withholding obligations and other obligations are
satisfied. 

  
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 (c) Tax Indemnity. The Participant will be accountable for any taxes,
which are chargeable on any assessable income deriving from the grant, exercise, purchase, or vesting of, or other dealing in, Awards, or Stock Awards issued pursuant to an Award. None of the Plan Administrator, the Company or any Related Company
will become liable for any taxes as a result of the Participant’s participation in the Plan. In respect of such assessable income, the Participant will indemnify the Company and (at the direction of the Company) any Related Company, which is or
may be treated as the employer of the Participant in respect of the taxes (the “Tax Liabilities”). 
 (d) Payment of
Tax. Pursuant to the indemnity referred to in Section 12(c), where necessary, the Participant will make such arrangements as the Plan Administrator, the Company or any Related Company requires to meet the cost of the Tax
Liabilities, including at the direction of the Plan Administrator, and without limitation, any of the matters set out under Section 6(e). 

(e) Section 409A. The Company intends that the Plan and Awards granted under the Plan
(unless otherwise expressly provided for in the Award Agreement or Plan Administrator resolutions approving the Award) are exempt from the requirements of Section 409A to the maximum extent possible, whether pursuant to the short-term deferral
exception described in Treasury Regulation Section 1.409A-1(b)(4), the exclusion applicable to share options, share appreciation rights and certain other equity-based compensation under Treasury
Regulation Section 1.409A-1(b)(5) or 1.409A-1(b)(6), or otherwise. The Plan Administrator will use reasonable best efforts to interpret, operate and administer the
Plan and any Award granted under the Plan in a manner consistent with this intention. However, the Plan Administrator makes no representations that Awards granted under the Plan will be exempt from or comply with Section 409A and makes no
undertaking to preclude Section 409A from applying to Awards granted under the Plan. 
 (i) If Section 409A is applicable to any
Award granted under the Plan (that is, to the extent not so exempt), the Plan Administrator intends that the non-exempt Award will comply with the deferral, payout, plan termination and other limitations and
restrictions imposed under Section 409A. 
 (ii) If necessary for exemption from, or compliance with, Section 409A: 

(A) All references in the Plan or any Award granted under the Plan to the termination of the Participant’s employment or service are
intended to mean the Participant’s “separation from service,” within the meaning of Section 409A(a)(2)(A)(i). 
 (B)
The Plan Administrator will treat each installment that vests or is delivered under an Award in a series of payments or installments as a separate payment for purposes of Section 409A, unless expressly set forth in the Award Agreement that each
installment is not a separate payment. 
 (C) If the Participant is a “specified employee,” within the meaning of
Section 409A, then if necessary to avoid subjecting the Participant to the imposition of any additional tax under Section 409A, amounts that would otherwise be payable under the Plan or any Award granted under the Plan during the six-month period immediately following the Participant’s “separation from service” will not be paid to the Participant during such period, but will instead be accumulated and paid to the Participant
(or, in the event of the Participant’s death, the Participant’s estate) in a lump sum on the first business day after the earlier of the date that is six months following the Participant’s separation from service or the
Participant’s death, unless the amounts can be paid in another manner that complies with Section 409A. 

  
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 (D) If, after the Grant Date of an Award, the Plan Administrator determines that an Award
is reasonably likely to fail to be either exempt from or compliant with Section 409A, the Plan Administrator reserves the right, but will not be required, to unilaterally (and without the affected Participant’s consent) amend or modify the
Plan and any Award granted under the Plan so that the Award qualifies for exemption from or complies with Section 409A. Any such amendment or modification made to avoid the imposition of adverse taxation under Section 409A will be deemed
not to materially adversely impact the Participant. 
 13. Restrictions on Transfer of Awards and Ordinary Shares. 

(a) General. In general, any Transfer or purported Transfer of an Award or of Ordinary Shares issued under the Plan in
violation of the Plan will be null and void, will have no force or effect, and the Company will not register in its records any such purported Transfer. 

(b) No Transfer of Awards. A Participant may not Transfer an Award or interest in an Award other than (i) Transfers
on the Participant’s death by will or by the laws of descent and distribution and (ii) Transfers of vested Ordinary Shares after the period of restrictions have lapsed or been removed and the Ordinary Shares have been issued to the
Participant, subject to compliance with the Constitution, the Company’s insider trading policy and Applicable Law. In general, during a Participant’s lifetime, only the Participant granted the Award may exercise the Award or purchase the
Ordinary Shares under the Award. The Plan Administrator may permit the Transfer of an Award or an interest in an Award other than for value if it so approves and that Transfer complies with Applicable Law, such as a Transfer to a trust if the
Participant is considered the sole beneficial owner of the trust (as determined under Applicable Law) or pursuant to a court-endorsed domestic relations order in a format acceptable to the Plan Administrator. If the Plan Administrator permits
Transfer of an Award, the Award will be limited by any additional terms and conditions imposed by the Plan Administrator. 
 14. Changes to Ordinary
Shares. 
 (a) Adjustments. In the event of a share dividend, share split, spin-off, combination or exchange of shares, recapitalization, merger, consolidation, distribution or dividend to shareholders other than a normal cash dividend, or other change in the Company’s corporate or
capital structure that constitutes an equity restructuring transaction, as that term is used in Statement of Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto) and that results in (i) the
outstanding Ordinary Shares, or any securities exchanged therefor or received in their place, being exchanged or adjusted for a different number or kind of securities of the Company or any other company or (ii) new, different or additional
securities of the Company or any other company being received by the holders of Ordinary Shares, then the Plan Administrator will make proportional adjustments in (A) the maximum number and kind of securities available for issuance under the
Plan; (B) the maximum number and kind of securities issuable as Incentive Stock Options; (C) the number and kind of securities that are subject to any outstanding Award and the per share price of such securities, without any change in the
aggregate price to be paid under the Award; and (D) any other terms of an Award that are 

  
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affected by the change, in each case as necessary to prevent the diminution or enlargement of rights under the Plan. The determination by the Plan Administrator as to the terms of any of the
foregoing adjustments will be conclusive and binding. For clarity, the issuance by the Company of shares of any class, or securities convertible into shares of any class, for cash or property, or for labor or services rendered, either on direct sale
or on the exercise of rights or warrants to subscribe therefor, or on conversion of shares or obligations of the Company convertible into such shares or other securities, will not affect, and no adjustment by reason thereof will be made with respect
to, outstanding Awards. 
 (b) Dissolution or Liquidation. To the extent not previously exercised or settled, and
unless otherwise determined by the Plan Administrator in its sole discretion, Awards will terminate immediately prior to the dissolution or liquidation of the Company. If a vesting condition, forfeiture provision or redemption right applicable to an
Award has not been waived by the Plan Administrator, the portion of the Award subject to that condition, provision or right will be forfeited immediately prior to the consummation of the dissolution or liquidation. 

(c) Change of Control.  

(i) Unless otherwise provided in the Award Agreement or any other written agreement between the Company or any Related Company and the
Participant with respect to the Award, contingent on the closing or completion of the Change of Control, each Award will be treated as the Plan Administrator determines without a Participant’s consent (subject to clause (ii) immediately
below), including, without limitation, that (A) Awards will be converted, continued, assumed, substituted for or replaced with awards by the Successor Company with appropriate adjustments as to the number and kind of shares and purchase or
exercise prices (including but not limited to, awards to acquire the same consideration paid to the stockholders of the Company pursuant to the Change of Control); (B) Awards will be terminated to the extent not vested or, with respect to vested
Options and SARs, to the extent not exercised prior to the effective time of the Change of Control; (C) outstanding Awards will vest and become exercisable, realizable or payable, or restrictions applicable to an Award will lapse, in whole or
in part prior to or upon the Change of Control and, to the extent the Plan Administrator determines, terminate upon or immediately prior to the Change of Control; (D) Awards will be terminated in exchange for an amount of cash and/or property,
if any, equal to the excess, if any, of (1) the amount that would have been attained upon the exercise of such Award or settlement of the Award as of the date of the Change of Control, over (2) the exercise or purchase price payable in
connection with such Award (and, for the avoidance of doubt, if the Plan Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or settlement of the Award, then such Award may be terminated by
the Company without payment); or (E) any combination of the foregoing. 
 (ii) Unless otherwise provided in the Award Agreement or any
other written agreement between the Company or any Related Company and the Participant with respect to the Award, if and to the extent that the Successor Company does not convert, continue, assume, substitute for or replace an Award (or portion
thereof), (A) outstanding Options and Stock Appreciation Rights (or portions thereof) will become fully vested and exercisable for a period of time determined by the Plan Administrator, including Ordinary Shares under the Award that would not
otherwise be vested or exercisable, and such Options and Stock Appreciation Rights will 

  
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thereafter terminate upon expiration of such period; and (B) all vesting or other restrictions on outstanding Restricted Stock, Restricted Stock Units, Performance Share Units and
Performance Units (or portions thereof) will lapse; provided, however, that with respect to such Awards with performance-based vesting, such Awards will be payable in accordance with the terms and the payout schedule under the Award Agreement or as
otherwise permitted under Section 409A. Further, any existing deferrals or other restrictions not waived by the Plan Administrator in its sole discretion will remain in effect. 

(iii) For the purposes of this Section 14(c), an Award will be considered converted, continued, assumed, substituted for or replaced by
the Successor Company if following the Change of Control, the Award confers the right to purchase or receive, for each Ordinary Share subject to the Award immediately prior to the Change of Control, the consideration (whether shares, cash or other
securities or property) received in the Change of Control by holders of Ordinary Shares for each share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the
holders of a majority of the outstanding Ordinary Shares); provided, however, that if such consideration received in the Change of Control is not solely Ordinary Shares of the Successor Company, the Plan Administrator may, with the consent of the
Successor Company, provide for the consideration to be received pursuant to the Award, for each Ordinary Share subject thereto, to be solely Ordinary Shares of the Successor Company substantially equal in fair market value to the per share
consideration received by holders of Ordinary Shares in the Change of Control. The determination of such substantial equality of value of consideration will be made by the Plan Administrator, and its determination will be conclusive and binding. An
Award that vests, is earned or paid out upon the satisfaction of one or more Performance Goals will not be considered converted, continued, assumed, substituted for or replaced by the Successor Company if any Performance Goals are materially
modified without the Participant’s consent, in all cases, unless specifically provided otherwise under the applicable Award Agreement or other applicable written agreement applicable to the Award; provided, however, that a modification to such
Performance Goals only to reflect the Successor Company’s post-Change of Control company structure will not invalidate an otherwise valid Award conversion, continuation, assumption, substitution or replacement. 

(d) General. Subject to Applicable Law, the Plan Administrator need not take the same action with respect to all Awards
or portions thereof, with respect to all Awards of the same type or with respect to all Participants. The Plan Administrator may take different actions with respect to the vested and unvested portions of an Award. The Plan Administrator may provide
that payments may be subject to the same terms and conditions as the payment of consideration to holders of the Ordinary Shares in connection with the Change of Control, such as provisions related to escrows or other holdbacks. The Plan
Administrator may also provide that payments will be made over time subject to substantially the same vesting schedule as the Award, including any performance-based vesting metrics that applied to the Award immediately prior to the closing of the
Change of Control. 
 (e) Further Adjustment of Awards. Subject to Section 14(c), the Plan Administrator will have
the discretion to take additional action as it determines to be necessary or advisable with respect to Awards. Such authorized action may include (but will not be limited to) establishing, amending or waiving the type, terms, conditions or duration
of, or restrictions on, Awards so as to provide for earlier, later, extended or additional time for exercise, lifting restrictions and other 

  
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modifications, and, subject to Applicable Law, the Plan Administrator may take such actions with respect to all Participants, to certain categories of Participants or only to individual
Participants. The Plan Administrator may take such action before or after granting Awards to which the action relates and before or after any public announcement with respect to such sale, merger, consolidation, reorganization, liquidation,
dissolution or change of control that is the reason for such action. 
 (f) No Limitations. The grant of Awards will in
no way affect the Company’s right to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 

(g) Payment Conditions. By accepting an Award under the Plan, each Participant agrees that if an Award is to be
terminated in connection with a Change of Control in exchange for a payment in cash, securities or other property, a condition to receipt of any such payment is that the Participant execute an Award termination or similar agreement providing for,
among other things, (i) the Participant’s agreement and consent to (A) the amount of such consideration to be paid in respect of the Award and (B) the termination of the Award in exchange for such consideration, (ii) the
Participant’s agreement to be bound by the indemnification, escrow, earn-out, holdback or similar arrangements contained in the definitive agreements relating to the Change of Control that are applicable
to holders of Ordinary Shares generally, (iii) the Participant’s agreement to keep all non-public information provided in connection with the Change of Control transaction confidential, and
(iv) other customary provisions. 
 (h) Fractional Shares. Except as otherwise determined by the Plan
Administrator, each Award will cover only the number of full Ordinary Shares resulting from any adjustment under this Section 14, and any fractional shares resulting from such adjustment will be disregarded. 

15. Term of the Plan. The Plan will expire no later than ten years after the adoption of the Plan by the Board. The Plan Administrator
may not grant new Awards after the expiration of the Plan or the date the Plan is otherwise terminated. Shareholders of the Company must approve the Plan and any increase in the Share Reserve (including the Initial Share Reserve) or in the ISO Limit
not later than 12 months after the Plan, or an increase to the Share Reserve or the ISO Limit, as applicable, is adopted by the Board. 
 16.
Amendment and Termination. 
 (a) Plan Amendment, Suspension or Termination. The Board or the
Compensation Committee may amend, suspend or terminate the Plan or any portion of the Plan at any time and in such respects as it will deem advisable, provided that the Board must approve any amendment for which shareholder approval is required
under Applicable Law. No amendment will be effective absent shareholder approval if required by Applicable Law, including any amendment that would increase the Share Reserve or ISO Limit. Following termination of the Plan, outstanding Awards
previously granted will remain outstanding in accordance with their terms and conditions and the Plan’s terms and conditions. 

  
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 (b) Award Amendment. The Plan Administrator may amend any Award at any
time. However, the Plan Administrator may not amend an Award in a manner that materially adversely impacts the rights of the Participant holding that Award without the Participant’s written consent. A Participant will not be deemed to have been
materially adversely impacted if, without the consent of the Participant, the Plan Administrator amends an Award: (i) to maintain the qualified status of the Award as an Incentive Stock Option under Section 422 of the Code, (ii) to
change the terms of an Incentive Stock Option, to the extent such change results in impairment of the Award solely because it impairs the qualified status of the Award as an Incentive Stock Option under Section 422 of the Code, (iii) to
clarify the manner of exemption from, or to bring the Award into compliance with Section 409A, (iv) to correct clerical or typographical errors, or (v) to comply with other Applicable Law. 

17. No Individual Rights. 

(a) No individual or Participant will have any claim to be granted any Award under the Plan. Subject to Applicable Law, the Company has no
obligation for uniformity of treatment of Participants under the Plan. Participation in this Plan is entirely discretionary and does not create any contractual or other right to any benefit arising under the Plan or to future participation in this
Plan (or any future amendment or replacement of this Plan). 
 (b) Nothing in the Plan or any Award will be deemed to constitute an
employment contract or confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other service relationship with, the Company or any Related Company or limit in any way the right of the Company or
any Related Company to terminate a Participant’s Service relationship at any time, with or without Cause. 
 18. Conditions on Issuance of
Ordinary Shares. 
 (a) The Company will have no obligation to issue or deliver any Ordinary Shares under the Plan or make
any other distribution of benefits under the Plan unless, in the opinion of the Company’s counsel, such issuance, delivery or distribution would comply with Applicable Law. 

(b) The Company will be under no obligation to any Participant to register for offering or resale or to qualify for exemption under the
Securities Act, or to register or qualify under Applicable Law, any Ordinary Shares, security or interest in a security paid or issued under, or created by, the Plan, or to continue in effect any such registrations or qualifications if made. If,
after reasonable efforts and at a reasonable cost, the Company is unable to obtain from any regulatory commission or agency the authority that legal counsel for the Company deems necessary or advisable for the lawful issuance and sale of Ordinary
Shares under the Plan, the Company will be relieved from any liability for failure to issue and sell Ordinary Shares under those Awards. 

(c) As a condition to the receipt of Ordinary Shares under the Plan, the Plan Administrator may require the Participant to (i) represent
and warrant that such shares are being purchased or received only for the Participant’s own account and without any present intention to sell or distribute such shares and (ii) undertake additional actions as necessary to comply with
Applicable Law. At the option of the Company, a stop-transfer order against any such Ordinary Shares may be placed on the official share register of the Company, and a legend indicating that such shares may not be pledged, sold or otherwise
transferred, unless an opinion of counsel is provided (concurred in by counsel for the Company) stating that such transfer is not in violation of any Applicable Law, may be stamped on share certificates, to ensure exemption from registration. 

  
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 (d) The Company may issue Ordinary Shares on a noncertificated basis, to the extent not
prohibited by Applicable Law. 
 (e) Unless the Plan Administrator determines otherwise, no fractional Ordinary Shares will be issued under
the Plan, and, except as otherwise provided in the Plan, the Plan Administrator will determine the manner in which a fractional share value will be treated. 

(f) Notwithstanding any other provision of this Plan or the terms of any Award Agreement, no Ordinary Share will be allotted or issued
pursuant to the grant, exercise or vesting of an Award (including under any cashless exercise provisions of this Plan or any Award Agreement), unless such share is fully paid-up in cash on issuance to at least
its nominal value and in a manner which does not contravene section 82 (financial assistance for acquisition of shares) or any other provision of the Companies Act, and all Awards will be deemed to incorporate such a term. A “cashless
exercise provision” is one that entitles a holder of an Award to elect to receive a reduced number of Ordinary Shares under an Award in (or purportedly in) full, or partial, satisfaction of the relevant exercise price; for the avoidance of
doubt, the nominal value of an Ordinary Share may not be satisfied in this manner, and must, in all circumstances, be paid-up in cash. 

19. Indemnification.  
 (a)
Subject to section 235 of the Companies Act, each person who is or was a member of the Board, the Compensation Committee, or a committee of the Board or an Officer of the Company to whom authority to administer the Plan was delegated in accordance
with Section 3, will be indemnified and held harmless by the Company against and from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by such person in connection with or resulting from any claim, action,
suit or proceeding to which such person may be a party or in which such person may be involved by reason of any action taken or failure to act under the Plan and against and from any and all amounts paid by such person in settlement thereof, with
the Company’s approval, or paid by such person in satisfaction of any judgment in any such claim, action, suit or proceeding against such person, unless such loss, cost, liability or expense is a result of such person’s own willful
misconduct or except as expressly provided by statute; provided, however, that such person will give the Company an opportunity, at its own expense, to handle and defend the same before such person undertakes to handle and defend it on such
person’s own behalf. 
 (b) The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to
which such person may be entitled under the Constitution, as a matter of law, or otherwise, or of any power that the Company may have to indemnify or hold harmless. 

20. No Rights as a Shareholder. No Participant will be deemed to be the holder of, or have any rights of a holder of, the Ordinary Shares
subject to an Award unless and until the date shares that are the subject of such Award have been issued and recorded as issued in the records of the Company or those of its transfer agents or registrars. No adjustment to an Award will be made for a
dividend or other right for which the record date is prior to the date the Ordinary Shares are issued, except as provided in Section 14. 

  
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 21. Participants in Other Countries or Jurisdictions. The Plan Administrator may grant
Awards to Eligible Persons who are foreign nationals on such terms and conditions different from those specified in the Plan, as may, in the judgment of the Plan Administrator, be necessary or desirable to foster and promote achievement of the
purposes of the Plan. The Plan Administrator has the authority to adopt Plan modifications, administrative procedures, Plan supplements or subplans and the like as may be necessary or desirable to comply with provisions of the Applicable Law of
other countries or jurisdictions in which the Company or any Related Company may operate or have employees. Any such applicable terms and conditions will be set out in an Award Agreement. In the event of any inconsistency in the construction,
supplement, variation or otherwise of the Plan created by an Award Agreement pursuant to this Section 21, the Award Agreement will take precedence. 

22. No Trust or Fund. The Plan is intended to constitute an “unfunded” plan. Nothing contained herein will require the Company
to segregate any monies or other property, or Ordinary Shares, or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any Participant. No Participant will have any rights that are greater than those
of a general unsecured creditor of the Company. Proceeds received by the Company from the sale of Ordinary Shares pursuant to Awards will constitute general funds of the Company. 

23. Successors. All obligations of the Company under the Plan with respect to Awards will be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all the business and/or assets of the Company. The Plan and the conditions of any Award will be
binding on a Participant and the Participant’s estate, executor, any receiver or trustee in bankruptcy and any representative of Participant’s creditors. 

24. Severability. If any provision of the Plan or any Award is determined to be invalid, illegal or unenforceable in any jurisdiction, or
as to any person, or would disqualify the Plan or any Award under any law deemed applicable by the Plan Administrator, such provision will be construed or deemed amended to conform to Applicable Law. If any such provision cannot be so construed or
deemed amended without, in the Plan Administrator’s determination, materially altering the intent of the Plan or the Award, such provision will be stricken as to such jurisdiction, person or Award, and the remainder of the Plan and any such
Award will remain in full force and effect. 
 25. Choice of Law and Venue. The Plan, all Awards granted thereunder, and all
determinations made and actions taken pursuant hereto, to the extent not otherwise governed by the laws of the United States, will be governed by the laws of Delaware without giving effect to principles of conflicts of law. Participants irrevocably
consent to the nonexclusive jurisdiction and venue of the state and federal courts located in California. 
 26. Legal Requirements.
The granting of Awards and the issuance of Ordinary Shares under the Plan are subject to all Applicable Law. 

  
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 27. Electronic Communication.Any document required to be delivered under the
Plan, including under Applicable Law, may be delivered in writing or electronically. Signature also may be electronic if permitted by the Company. 
 28.
Effective Date. The Plan will become effective on the Closing, subject to applicable shareholder approval (the “Effective Date”). 

Date of Board Approval: December 18, 2022 

Date of Shareholder Approval: October 18, 2022 

  
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 APPENDIX A 

DEFINITIONS 
 For purposes of the Plan:

 “Acquired Entity” means any Entity acquired by the Company or a Related Company or with which the Company or a Related Company merges or
combines. 
 “Admin Portal” means any third-party online share plan administration portal used to document and administer the Plan and
Awards granted hereunder. 
 “Applicable Law” means the requirements relating to the administration of the Plan and the Awards granted
hereunder under any applicable securities, federal, state, foreign, material local or municipal or other law, statute, constitution, principle of common law, resolution, ordinance, code, edict, decree, rule, listing rule, regulation, judicial
decision, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put into effect by or under the authority of any governmental body (including under the authority of any applicable self-regulating organization such as
the Nasdaq Stock Market, New York Stock Exchange, or the Financial Industry Regulatory Authority). 
 “Award” means any Option, Stock
Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Share Unit, Performance Unit, cash-based award or other incentive payable in Ordinary Shares or in cash under the Plan, as may be designated by the Plan Administrator from time
to time. 
 “Award Agreement” means the written, including electronic, document stating the terms of the Award. The Award Agreement is
subject to the terms and conditions of the Plan. 
 “Award Expiration Date” means the last day of the maximum term of an Award. 

“Board” means the Board of Directors of the Company. 

“Cause,” unless otherwise defined in an Award Agreement or unless otherwise defined for purposes of an Award in a written employment,
services or other agreement between the Participant and the Company or a Related Company, means, with respect to a Participant, the occurrence of any of the following events: (i) such Participant’s commission of any felony; (ii) such
Participant’s commission of a crime involving fraud or dishonesty under the laws of the United States or any state thereof or jurisdiction that are applicable to that Participant and which crime is reasonably likely to result in material
adverse effects on the Company or a Related Company; (iii) such Participant’s material violation of any contract or agreement between the Participant and the Company or a Related Company or material breach of any statutory duty owed to the
Company or a Related Company; (iv) such Participant’s unauthorized use or disclosure of the confidential information or trade secrets of the Company or a Related Company; or (v) such Participant’s gross misconduct that is
reasonably likely to result in material adverse effects (financial, reputational or otherwise) on the Company or a Related Company. The determination that a termination of the Participant is either for Cause or without Cause will be












 
made by the Company’s chief human resources officer or other person performing that function or, in the case of Directors and Officers, by the Board or the Compensation Committee, in its
sole discretion. Any determination by the Plan Administrator that a Participant was terminated with or without Cause for the purposes of outstanding Awards held by such Participant will have no effect on any determination of the rights or
obligations of the Company or such Participant for any other purpose. 
 “Change of Control,” unless the Plan Administrator determines
otherwise with respect to an Award at the time the Award is granted or unless otherwise defined for purposes of an Award in a written employment, services or other agreement between the Participant and the Company or a Related Company, means the
consummation, in a single transaction or in a series of related transactions, of any one or more of the following events: 
 (a) an
acquisition by any Entity of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of the total voting power of the then outstanding securities of the
Company entitled to vote generally in the election of Directors (the “Outstanding Company Voting Securities”); provided, however, that the following acquisitions will not constitute a Change of Control: (i) any acquisition
directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege where the security being so converted was not acquired directly from the Company by the party exercising the conversion privilege, (ii) any
acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Related Company, (iv) any additional acquisition by an Entity then considered to own more than
50% of the Outstanding Company Voting Securities; or (v) any acquisition by any Entity pursuant to a transaction that meets the conditions of clauses (i), (ii) and (iii) set forth in the definition of Company Transaction; 

(b) a change in the composition of the Board during any 12-month consecutive period following the
Closing such that the Directors as of the beginning of such period (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual who becomes a Director subsequent
to the beginning of the 12-month period, whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of Directors who were also members of the
Incumbent Board (or deemed to be pursuant to this proviso) will be considered as though such individual were a member of the Incumbent Board; and provided further, that any such individual whose initial assumption of office occurs as a result of or
in connection with an actual or threatened election contest with respect to the election or removal of Directors or other actual or threatened solicitation of proxies or consents by or on behalf of an Entity other than the Board will not be
considered a member of the Incumbent Board; or 
 (c) the consummation of a Company Transaction. 

Where a series of transactions undertaken with a common purpose is deemed to be a Change of Control, the date of such Change of Control will
be the date on which the last of such transactions is consummated. 

  
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 If necessary for compliance with Section 409A, no transaction will be a Change of
Control unless it is also a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5). 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended from time
to time. Reference to a section of the Code or regulation related to that section will include such section or regulation, any valid regulation issued or other official applicable guidance of general or direct applicability promulgated under such
section or regulation, and any comparable provision of any future legislation, regulation or official guidance of general or direct applicability amending, supplementing or superseding such section or regulation. 

“Closing” means the closing date of the Merger as defined in the Form S-4 of Mangomill plc filed with
the Securities and Exchange Commission on or about June 22, 2022, including any amendments thereto. 
 “Companies Act” means the Irish
Companies Act 2014, as amended. 
 “Company” means MariaDB plc, an Irish public limited company having company number 606330 and its
registered office at 699 Veterans Blvd, Redwood City, CA 94063, or any successor thereto. 
 “Company Transaction,” unless the Plan
Administrator determines otherwise with respect to an Award at the time the Award is granted or unless otherwise defined for purposes of an Award in a written employment, services or other agreement between the Participant and the Company or a
Related Company, means consummation of: 
 (a) a merger or consolidation of the Company with or into any other company; 

(b) a sale in one transaction or a series of transactions undertaken with a common purpose of all or substantially all of the Outstanding
Company Voting Securities; or 
 (c) a sale, lease, exchange, exclusive license or other disposition in one transaction or a series of
related transactions undertaken with a common purpose of all or substantially all of the consolidated assets of the Company and its subsidiaries to a Person or Entity, excluding, however, in each case, any such transaction pursuant to which: 

(i) the Entities who are the beneficial owners of the Outstanding Company Voting Securities immediately prior to such transaction will
beneficially own, directly or indirectly, at least 50% of the total voting power of the then outstanding voting securities entitled to vote generally in the election of directors, of the Successor Company in substantially the same proportions as
their ownership, immediately prior to such transaction, of the Outstanding Company Voting Securities; 
 (ii) no Entity (other than the
Company or a Related Company, or any employee benefit plan (or related trust) of the Company, a Related Company or a Successor Company) will beneficially own, directly or indirectly, more than 50% of the total voting power of the outstanding voting
securities of the Successor Company entitled to vote generally in the election of directors, unless such ownership resulted solely from ownership of securities of the Company prior to such transaction; and 

  
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 (iii) individuals who were members of the Incumbent Board will immediately after the
consummation of such transaction constitute at least a majority of the members of the board of directors of the Successor Company. 
 Where
a series of transactions undertaken with a common purpose is deemed to be a Company Transaction, the date of such Company Transaction will be the date on which the last of such transactions is consummated. 

“Compensation Committee” means the Compensation Committee of the Board or a committee of the Board otherwise named but performing similar
functions, including a subcommittee thereof. 
 “Constitution” means the Company’s memorandum and articles of association. 

“Director” means a member of the Board. 

“Disability,” unless otherwise defined by the Plan Administrator for purposes of the Plan or in an Award Agreement or unless otherwise
defined for purposes of an Award in a written employment, services or other agreement between the Participant and the Company or a Related Company, means a mental or physical impairment of the Participant that is expected to result in death or that
has lasted or is expected to last for a continuous period of 12 months or more and that causes the Participant to be unable to perform the Participant’s material duties for the Company or a Related Company and to be engaged in any substantial
gainful activity, in each case as determined by the Company’s chief human resources officer or other person performing that function or, in the case of Directors and Officers, the Board or the Compensation Committee, each of whose determination
will be conclusive and binding. 
 “Effective Date” has the meaning set forth in Section 28 of the Plan. 

“Eligible Person” means any person eligible to receive an Award as set forth in Section 5 of the Plan. 

“Entity” means any individual, entity or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act).

 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended from time to time. 

“Fair Market Value” means the per share fair market value of the Ordinary Shares on any given date, determined as follows: 

(a) if the principal market for the Ordinary Shares is an established stock exchange or national market system, the closing sales price per
Ordinary Share during regular trading, or if not trading on that date (e.g., a weekend or holiday), such price on the last preceding date on which the Ordinary Shares were traded; 

  
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 (b) if the principal market for the Ordinary Shares is not a national stock exchange or
national market system, the average of the highest bid and lowest asked prices for the Ordinary Shares as reported on a national quotation system, or if not quoted on that date, such price on the last preceding date on which the prices were quoted;
or 
 (c) if the principal market for the Ordinary Shares is not an established stock exchange or national market system or if the Ordinary
Shares are not reported on a national quotation system, by the Plan Administrator in good faith in a manner consistent with Section 409A and 422 of the Code, as applicable. 

However, in determining the value of an Ordinary Share for tax reporting purposes and such other purposes as determined by the Plan
Administrator, the Plan Administrator may calculate Fair Market Value using the foregoing methods, the actual sales price in the transaction at issue (e.g., “sell to cover”), or such other value determined by the Company in
good faith in a manner that complies with applicable tax laws. 
 “Grant Date” means the later of (a) the date on which the Plan
Administrator completes the corporate action authorizing the grant of an Award or such later date specified by the Plan Administrator and (b) the date on which all conditions precedent to an Award have been satisfied, provided that conditions
to the exercisability or vesting of Awards will not defer the Grant Date. 
 “Incentive Stock Option” or “ISO” means an
Option granted with the intention that it qualify as an “incentive stock option” as that term is defined for purposes of Section 422 of the Code or any successor provision. 

“Initial Share Reserve” has the meaning set forth in Section 4(a)(i) of the Plan. 

“ISO Limit” has the meaning set forth in Section 4(c) of the Plan. 

“Nonqualified Stock Option” or “NSO” means an Option that does not qualify as an Incentive Stock Option. 

“Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act. 

“Option” means a right to purchase Ordinary Shares granted under Section 7 of the Plan. Options are either Incentive Stock Options or
Nonqualified Stock Options. 
 “Option Term” means the maximum term of an Option as set forth in Section 7(c) of the Plan. 

“Ordinary Shares” means ordinary shares of US $0.01 each (nominal value) in the capital of the Company. 

“Participant” means any Eligible Person to whom an Award is granted. 

  
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 “Performance Goal” means a performance goal established by the Plan Administrator upon
which the grant, exercise, vesting or payment an Award may be based, including, but not limited to, the attainment of specified levels of one or any combination of the following for the Company as a whole or any affiliate or business unit of the
Company: cash flows, earnings measures (including before taxes and/or interest and/or depreciation and amortization), earnings (loss) per share, operating income (loss), revenue, operating margin, return on equity, debt, share price appreciation,
total or relative shareholder return, strategic initiatives, or net income (loss). Performance Goals may be established on an absolute basis or relative to the performance of other companies. 

“Performance Period” has the meaning set forth in Section 6(g). 

“Performance Share Unit” means an Award of units denominated in Ordinary Shares granted under Section 10 of the Plan. 

“Performance Unit” means an Award of units denominated in cash or property other than Ordinary Shares granted under Section 10 of the
Plan. 
 “Plan” means the MariaDB plc 2022 Equity Incentive Plan. 

“Plan Administrator” has the meaning set forth in Section 3(b) of the Plan. 

“Prior Plans” means all equity plans of MariaDB Corporation AB, a Finnish private limited liability company (and any predecessor thereto)
(and, for the avoidance of doubt, excluding the Plan), under which options are outstanding as of immediately prior to the Closing. 
 “Related
Company” means any “parent” or “subsidiary” of the Company, as such terms are defined under Rule 405 of the Securities Act. 

“Restricted Stock” means an Award of Ordinary Shares granted under Section 9 of the Plan, either with or without payment of a purchase
price, the rights of which are subject to vesting, forfeiture or similar restrictions prescribed by the Plan Administrator. 
 “Restricted Stock
Unit” or “RSU” means an Award denominated in units of Ordinary Shares granted under Section 9 of the Plan that represents an unfunded, unsecured right to receive the Fair Market Value of one Ordinary Share for each
unit subject to the Award in cash, Ordinary Shares or other securities, as of the date of vesting or settlement. 

“Section 409A” means Section 409A of the Code. 

“Securities Act” means the U.S. Securities Act of 1933, as amended from time to time. 

“Service” means there has not been a Termination of Service with respect to a Participant. 

“Share Reserve” has the meaning set forth in Section 4(a)(iii) of the Plan. 

“Stock Appreciation Right” or “SAR” means a right granted under Section 7 of the Plan to receive, in cash, Ordinary
Shares or other securities, (i) the Fair Market Value per Ordinary Share on the date of exercise minus the grant price per Ordinary Share subject to the SAR, multiplied by (ii) the number of Ordinary Shares with respect to which the SAR is
exercised. 

  
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 “Stock Award” means an Award of Ordinary Shares granted under Section 9 of the Plan,
the rights of ownership of which are not subject to vesting, forfeiture or similar restrictions prescribed by the Plan Administrator. 
 “Substitute
Awards” means Awards granted or Ordinary Shares issued by the Company in substitution or exchange for awards previously granted by an Acquired Entity. 

“Successor Company” means the surviving company, the successor company, the acquiring company or its parent, as applicable, in connection
with a Change of Control. 
 “Tax Liabilities” has the meaning set forth in Section 12(c). 

“Termination of Service,” unless the Plan Administrator determines otherwise with respect to an Award, means a termination of employment or
service relationship with the Company or a Related Company for any reason, whether voluntary or involuntary, including by reason of death or Disability. Any question as to whether and when there has been a Termination of Service for the purposes of
an Award and the cause of such Termination of Service will be determined by the Company’s chief human resources officer or other person performing that function or, with respect to Directors and Officers, by the Board or the Compensation
Committee, whose determination will be conclusive and binding. Transfer of a Participant’s employment or service relationship between the Company and any Related Company will not be considered a Termination of Service for purposes of an Award.
Unless the Plan Administrator determines otherwise, a Termination of Service will be deemed to occur if the Participant’s employment or service relationship is with an entity that has ceased to be a Related Company. To the extent permitted by
Applicable Law, a Participant’s change in status from an employee of the Company or a Related Company to a nonemployee Director, consultant, advisor or independent contractor of the Company or a Related Company, or a change in status from a
nonemployee Director, consultant, advisor or independent contractor of the Company or a Related Company to an employee of the Company or a Related Company, will not be considered a Termination of Service. 

“Transfer” means, as the context may require, (a) any sale, assignment, pledge (as collateral for a loan or as security for the
performance of an obligation or for any other purpose), hypothecation, mortgage, encumbrance or other disposition, whether by contract, gift, will, intestate succession, operation of law or otherwise, of all or any part of an Award or Ordinary
Shares issued thereunder, as applicable and (b) any verb equivalent of the foregoing. 
 “Vesting Commencement Date” means the Grant
Date or such other date selected by the Plan Administrator as the date from which an Award begins to vest. 

  
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