# EDGAR Filing Document

**Accession Number:** 0001862935
**File Stem:** 0001493152-26-008345
**Filing Date:** 2026-2
**Character Count:** 74981
**Document Hash:** 3617c65f0e85f742a1d7fc0e74d0a617
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-008345.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001493152-26-008345

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Currenc Group Inc.
- **CENTRAL INDEX KEY:** 0001862935
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41079
- **FILM NUMBER:** 26700582

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 410 NORTH BRIDGE ROAD
- **STREET 2:** SPACES CITY HALL
- **CITY:** SINGAPORE
- **PROVINCE COUNTRY:** U0
- **ZIP:** 188726
- **BUSINESS PHONE:** 917-519-3948

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 410 NORTH BRIDGE ROAD
- **STREET 2:** SPACES CITY HALL
- **CITY:** SINGAPORE
- **PROVINCE COUNTRY:** U0
- **ZIP:** 188726

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** InFinT Acquisition Corp
- **DATE OF NAME CHANGE:** 20210518

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

For the month of February 2026

Commission File No. 001-41079

**Currenc Group Inc.**

(Translation of registrant's name into English)

**410 North Bridge Road, Spaces City Hall, Singapore**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

Form 20-F ☒ Form 40-F ☐

**Submission of Matters to a Vote of Security Holders**

On February 25, 2026, Currenc Group Inc., an exempted company incorporated and registered in the Cayman Islands (Nasdaq: CURR) ("Currenc" or the "Company"), held an extraordinary general meeting (the "Extraordinary General Meeting") of holders of Currenc's ordinary shares, par value US$0.0001 per share ("Ordinary Shares"). A total of 51,929,442 Ordinary Shares, representing 67.78% of the issued and outstanding Ordinary Shares of record at the close of business on January 15, 2026 and constituting a quorum, were represented in person or by valid proxies at the Extraordinary General Meeting.

The final results for each of the matters submitted to a vote of shareholders at the Extraordinary General Meeting, as set forth in the Notice and Proxy Statement of the Extraordinary General Meeting of Holders of Ordinary Shares of the Company, filed with the Securities and Exchange Commission on January 16, 2026 (the "Proxy Statement"), are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A
 proposal to approve an ordinary resolution that Eric Weinstein be re-elected as a director
 of the Company to hold office in accordance with the amended and restated memorandum and
 articles of association of the Company until the 2028 annual general meeting of the Company,
 or until his successor is duly elected and qualified.

---

| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 51893690 | 18071 | 17681 | 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. A
 proposal to authorize and approve by ordinary resolution the purchase agreement, dated August 6, 2025 (the "Purchase Agreement"),
 by and among the Company, Mr. Alexander King Ong Kong and Regal Planet Limited (the "Creditors"), and to authorize and
 approve the issuance and allotment of an aggregate of 35,653,995 Ordinary Shares to the Creditors at a price of US$1.53 per Ordinary
 Share in full satisfaction, discharge and settlement of US$54,550,612.30 of aggregate indebtedness of the Company owed to the Creditors
 ("Debt-to-Equity Conversion"), and to authorize the Board to take all actions necessary or desirable to implement the
 Debt-to-Equity Conversion.

---

| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 51854478 | 64708 | 10256 | 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. A
 proposal to approve and adopt by ordinary resolution the Company's 2025 Equity Incentive Plan (in the form appended to Exhibit
 B of the Proxy Statement) and all transactions contemplated thereunder, including the reservation and issuance of up to 10,000,000
 Ordinary Shares pursuant to awards granted under the Company's 2025 Equity Incentive Plan.

---

| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 51868417 | 60696 | 329 | 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. A
 proposal to ratify by ordinary resolution the appointment of MRI Moores Rowland LLP as the Company's independent registered
 public accounting firm for the fiscal year ending December 31, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 51921418 | 7724 | 300 | 0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. A
 proposal to adjourn by ordinary resolution the Extraordinary General Meeting to a later date or dates or sine die, if necessary,
 to permit further solicitation and vote of proxies if, at the time of the Extraordinary General Meeting, there are not sufficient
 votes for, or otherwise in connection with, the approval of the foregoing proposals or any proposal to be presented at the EGM (the
 "EGM Adjournment").

---

| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 51863243 | 65491 | 708 | 0 |

---

Pursuant to the foregoing votes, (1) Eric Weinstein was re-elected as a director of the Company to hold office in accordance with the amended and restated memorandum and articles of association of the Company until the 2028 annual general meeting of the Company, or until his successor is duly elected and qualified; (2) an aggregate of 35,653,995 Ordinary Shares will be issued and allotted to the Creditors at a price of US$1.53 per Ordinary Share in full satisfaction, discharge and settlement of US$54,550,612.30 of aggregate indebtedness of the Company owed to the Creditors, and the Board has taken all actions necessary or desirable to implement the Debt-to-Equity Conversion; (3) the Company's 2025 Equity Incentive Plan and all transactions contemplated thereunder have been adopted; (4) the appointment of MRI Moores Rowland LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025 has been ratified; and (5) although the EGM Adjournment was approved, adjournment of the Extraordinary General Meeting was not necessary because the Company's shareholders approved the foregoing proposals.

**Debt-to-Equity Conversion**

As previously disclosed, on August 6, 2025, the Company entered into the Purchase Agreement with the Creditors to settle outstanding indebtedness owed by the Company and/or its subsidiaries to the Creditors in an aggregate amount of approximately US$54,550,612.30 (the "Outstanding Indebtedness"). Pursuant to the Purchase Agreement, the Company agreed to issue to the Creditors an aggregate of 35,653,995 Ordinary Shares, at a price of US$1.53 per share, in full and complete satisfaction, discharge, and settlement of the Outstanding Indebtedness. The number of Ordinary Shares to be issued to each of the Creditors is set forth in the Purchase Agreement and is based on the amount of indebtedness held by each of the Creditors.

As disclosed herein, on February 25, 2026, the Company obtained shareholder approval to authorize the issuance and allotment of an aggregate of 35,653,995 Ordinary Shares to the Creditors at a price of US$1.53 per Ordinary Share in full satisfaction, discharge and settlement of the Outstanding Indebtedness and to authorize the Board to take all actions necessary or desirable to implement the Debt-to-Equity Conversion.

The Ordinary Shares to be issued pursuant to the Purchase Agreement will not, at the time of issuance, be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and will be issued in reliance on exemptions from registration provided by Section 4(a)(2) of the Securities Act. The Ordinary Shares will be subject to customary legends for restricted securities purchased in a private placement as set forth in the Purchase Agreement.

**Forward-Looking Statements**

This Report on Form 6-K contains forward-looking statements, including statements regarding the completion of the transactions contemplated by the Purchase Agreement. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially from those described in these forward-looking statements. Except as required by law, the Company undertakes no obligation to update any forward-looking statements contained herein.

This Report on Form 6-K is incorporated by reference into the registration statement on Form S-8 (File No. [333- 288771](https://www.sec.gov/Archives/edgar/data/1862935/000164117225020236/forms-8.htm)) of the Company, filed with the Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

**INDEX TO EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Currenc Group Inc. 2025 Equity Incentive Plan.](ex10-1.htm) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 27, 2026

---

| | |
|:---|:---|
| **CURRENC GROUP INC.** | **CURRENC GROUP INC.** |
| By: | */s/ Wan Lung Eng* |
| Name: | Wan Lung Eng |
| Title: | Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**CURRENC GROUP INC.**

**2025 EQUITY INCENTIVE PLAN**

Section 1. *Purpose.*

The purpose of the Currenc Group Inc. 2025 Equity Incentive Plan, as it may be amended from time to time (the "**Plan**"), is to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentives to those employees, non-employee directors, advisors and consultants of Currenc Group Inc. (the "**Company**") and its Affiliates and to promote the success of the Company, its Affiliates and their shareholders. Capitalized terms not otherwise defined herein are defined in Section 22.

Section 2. *Eligibility.*

Any Eligible Person (as defined in Section 22) shall be eligible to be selected to receive an Award under the Plan. Holders of equity compensation awards granted by a company acquired by the Company (or whose business is acquired by the Company) or with which the Company combines (whether by way of amalgamation, merger, sale and purchase of shares or other securities or otherwise) are eligible for grants of Replacement Awards under the Plan.

Section 3. *Administration.*

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Plan shall be administered by the Committee. The Board may designate one or more directors
 of the Company as a subcommittee who may act for the Committee if necessary to satisfy the
 requirements of this Section. The Committee may issue rules and regulations for administration
 of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject
 to the terms of the Plan and applicable law, the Committee (or its delegate) shall have full
 power and authority to: (i) designate Participants; (ii) determine the type or types of Awards
 (including Replacement Awards) to be granted to each Participant under the Plan; (iii) determine
 the number of Shares to be covered by (or with respect to which payments, rights or other
 matters are to be calculated in connection with) Awards; (iv) determine the terms and conditions
 of any Award; (v) determine whether, to what extent and under what circumstances Awards may
 be settled or exercised in cash, Shares, other Awards, other property, net settlement (including
 broker-assisted cashless exercise) or any combination thereof, or cancelled, forfeited or
 suspended, and the method or methods by which Awards may be settled, exercised, cancelled,
 forfeited or suspended; (vi) determine whether, to what extent and under what circumstances
 cash, Shares, other Awards, other property and other amounts payable with respect to an Award
 under the Plan shall be deferred either automatically or at the election of the holder thereof
 or of the Committee; (vii) interpret and administer the Plan and any instrument or agreement
 relating to, or Award made under, the Plan; (viii) establish, amend, suspend or waive such
 rules and regulations and appoint such agents as it shall deem appropriate for the proper
 administration of the Plan; and (ix) make any other determination and take any other action
 that the Committee deems necessary or desirable for the administration of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(c) All
 decisions of the Committee shall be final, conclusive and binding upon all parties, including
 the Company, its shareholders and Participants and any Beneficiaries thereof.

Section 4. *Shares Available for Awards.*

&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject
 to adjustment as provided in this Section 4, the maximum number of Shares available for issuance
 under the Plan shall not exceed 10,000,000. Notwithstanding anything in this Plan to the
 contrary but subject to adjustment as provided in this Section 4 (i) the maximum aggregate
 number of Shares that may be delivered under the Plan as a result of the exercise of the
 Incentive Stock Options shall not exceed 10,000,000 and (ii) the sum of the value (determined
 as of the grant date in accordance with Financial Accounting Standards Board Accounting Standards
 Codification Topic 718, or any successor thereto) of Awards granted to a Participant who
 is an Eligible Director during any fiscal year of the Company may not exceed $<u>500,000</u> in the aggregate.

Page **1** of **15**

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Plan shall contain an annual evergreen refresh provision, pursuant to which a refresh shall
 occur on the first day of a calendar year basis, on the first day of each calendar year,
 with the refresh to occur on January 1, 2026. The refresh shall provide for the reservation
 of an additional number of Shares available for issuance under the Plan equal to the lesser
 of (i) 5% of the aggregate number of Shares issued and outstanding as of December 31 of the
 immediately preceding calendar year, or (ii) a number of Shares as may be determined by the
 Board.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Shares
 underlying Replacement Awards and Shares remaining available for grant under a plan of an
 acquired company or of a company with which the Company combines (whether by way of amalgamation,
 merger, sale and purchase of shares or other securities or otherwise), appropriately adjusted
 to reflect the acquisition or combination transaction, shall not reduce the number of Shares
 remaining available for grant hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Any
 Shares subject to an Award that expires, is cancelled, forfeited or otherwise terminates
 without the issuance of such Shares, including any Shares subject to such Award or award
 to the extent that such Award or award is settled without the issuance of Shares, shall again
 be, or shall become, available for issuance under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(e) In
 the event that, as a result of any dividend, other than recurring ordinary cash dividends,
 or other distribution (whether in the form of cash, Shares or other securities), recapitalization,
 share split (share subdivision), reverse share split (share consolidation), reorganization,
 merger, amalgamation, consolidation, split-up, spin-off, combination, repurchase or exchange
 of Shares or other securities of the Company, issuance of warrants or other rights to acquire
 Shares or other securities of the Company, issuance of Shares pursuant to the anti-dilution
 provisions of securities of the Company, or other similar corporate transaction or event
 affecting the Shares, or of changes in applicable laws, regulations or accounting principles,
 an adjustment is necessary in order to prevent dilution or enlargement of the benefits or
 potential benefits intended to be made available under the Plan, then the Committee shall,
 subject to Section 20, adjust equitably any or all of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 number and type of Shares (or other securities) which thereafter may be made the subject
 of Awards;

(ii) the
 number and type of Shares (or other securities) subject to outstanding Awards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 grant, acquisition, exercise price with respect to any Award or, if deemed appropriate, make
 provision for a cash payment to the holder of an outstanding Award; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 terms and conditions of any outstanding Awards, including the performance criteria of any
 Performance Awards;

provided, however, that the number of Shares subject to any Award denominated in Shares shall always be a whole number.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Any
 Shares issued pursuant to an Award may consist, in whole or in part, of authorized and unissued
 Shares or Shares acquired by the Company and held as treasury shares. A Participant shall
 not have any rights as a shareholder of the Company (including as to voting and dividends)
 until Shares are actually issued to the Participant following entry upon the Register of
 Members of the Company.

Section 5. *Restricted Shares and Restricted Share Units.*

The Committee is authorized to grant Awards of Restricted Shares and Restricted Share Units ("RSUs") to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine.

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 applicable Award Agreement shall specify different vesting schedules for different batches
 of Restricted Shares or RSUs to be awarded, which may be service- and/or performance-based,
 and, with respect to different batches of Restricted Shares or RSUs, the respective delivery
 schedules (which may include deferred delivery later than the vesting date) and whether the
 Award of Restricted Shares or RSUs is entitled to dividends or dividend equivalents, voting
 rights or any other rights.

Page **2** of **15**

&nbsp;&nbsp;&nbsp;&nbsp;(b) Restricted
 Shares and RSUs shall be subject to such restrictions as the Committee may impose (including
 any limitation on the right to vote a Restricted Share or the Share underlying a RSU or the
 right to receive any dividend, dividend equivalent or other right), which restrictions may
 lapse separately or in combination at such time or times, in such installments or otherwise,
 as the Committee may deem appropriate. Without limiting the generality of the foregoing,
 if the Award relates to Shares on which dividends are declared during the period that the
 Award is outstanding, the Award shall not provide for the payment of such dividend (or a
 dividend equivalent) to the Participant prior to the time at which such Award, or applicable
 portion thereof, becomes nonforfeitable, unless required by applicable law, or otherwise
 provided in the applicable Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Any
 Restricted Shares and RSUs granted under the Plan may be evidenced in such manner as the
 Committee may deem appropriate, including registration on the Register of Members of the
 Company or issuance of a share certificate or certificates. In the event that any share certificate
 is issued in respect of Restricted Shares or RSUs granted under the Plan, such certificate
 shall be registered in the name of the Participant and shall bear an appropriate legend referring
 to the terms, conditions and restrictions applicable to such Restricted Shares or RSUs.

Section 6. *Options.*

The Committee is authorized to grant Options to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. The Committee is also authorized to grant Options with terms and conditions that conform to tax qualification rules in applicable jurisdictions.

All Options granted under the Plan shall be Nonqualified Options unless the applicable Award Agreement expressly states that the Option is intended to be an Incentive Stock Option. Incentive Stock Options shall be granted only to Eligible Persons who are employees of the Company and its Affiliates, and no Incentive Stock Option shall be granted to any Eligible Person who is ineligible to receive an Incentive Stock Option under the Code.

No Option shall be treated as an Incentive Stock Option unless the Plan has been approved by the stockholders of the Company in a manner intended to comply with the stockholder approval requirements of Code Section 422(b)(1); provided that any Option intended to be an Incentive Stock Option shall not fail to be effective solely on account of a failure to obtain such approval, but rather such Option shall be treated as a Nonqualified Option unless and until such approval is obtained. In the case of an Incentive Stock Option, the terms and conditions of such grant shall be subject to and comply with such rules as may be prescribed by Code Section 422. If for any reason an Option intended to be an Incentive Stock Option (or any portion thereof) shall not qualify as an Incentive Stock Option, then, to the extent of such non-qualification, such Option or portion thereof shall be regarded as a Nonqualified Option appropriately granted under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 applicable Award Agreement shall specify the vesting schedule, which may be service- and/or
 performance-based.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 exercise price per Share under an Option shall be determined by the Committee; provided,
 however, that the exercise price equals or exceeds the greater of the Fair Market Value of
 such Share and the nominal value of such share, and provided further that in the case of
 an Incentive Stock Option granted to an employee who, at the time of the grant of such Option,
 owns shares representing more than 10% of the total combined voting power of all classes
 of shares of the Company or any related corporation (as determined in accordance with Treasury
 Regulation Section 1.422-2(f)), the exercise price per share shall not be less than 110%
 of the Fair Market Value per share on the date of grant.

&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 term of each Option shall be fixed by the Committee but shall not exceed 10 years from the
 date of grant of such Option; <u>provided</u>, <u>however</u>, that the Option Period shall
 not exceed five years from the date of grant in the case of an Incentive Stock Option granted
 to a Participant who on the date of grant owns shares representing more than 10% of the total
 combined voting power of all classes of shares of the Company or any related corporation
 (as determined in accordance with Treasury Regulation Section 1.422-2(f)).

Page **3** of **15**

(d) The
 Committee shall determine the time or times at which an Option may be exercised in whole
 or in part.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 Committee shall determine the methods by which, and the forms in which payment of the exercise
 price with respect thereto may be made or deemed to have been made, including cash, Shares,
 other Awards, other property, net settlement (including broker-assisted cashless exercise)
 or any combination thereof, having a Fair Market Value on the exercise date equal to the
 relevant exercise price.

&nbsp;&nbsp;&nbsp;&nbsp;(f) With
 respect to any Incentive Stock Option granted under the Plan: (i) the aggregate Fair Market
 Value (determined as of the date the Incentive Stock Option is granted) of the Shares with
 respect to which Incentive Stock Options granted under the Plan and all other option plans
 of the Company (and any parent corporation or subsidiary corporation of the Company, as those
 terms are defined in Code Sections 424(e) and (f), respectively) that become exercisable
 for the first time by the Participant during any calendar year shall not (to the extent required
 by the Code at the time of the grant) exceed $100,000; and (ii) if Shares acquired by exercise
 of an Incentive Stock Option are disposed of within two years following the date the Incentive
 Stock Option is granted or one year following the transfer of such Shares to the Participant
 upon exercise, the Participant shall, promptly following such disposition, notify the Company
 in writing of the date and terms of such disposition and provide such other information regarding
 the disposition as the Committee may reasonably require.

Section 7. *Share Appreciation Rights.*

The Committee is authorized to grant SARs to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine.

&nbsp;&nbsp;&nbsp;&nbsp;(a) SARs
 may be granted under the Plan to Participants either alone ("freestanding") or
 in addition to other Awards granted under the Plan ("tandem").

(b) The
 exercise price per Share under a SAR shall be determined by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 term of each SAR shall be fixed by the Committee but shall not exceed 10 years from the date
 of grant of such SAR.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 Committee shall determine the time or times at which a SAR may be exercised or settled in
 whole or in part.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Upon
 the exercise of a SAR, the Company shall pay to the Participant an amount equal to the number
 of Shares subject to the SAR multiplied by the excess, if any, of the Fair Market Value of
 one Share on the exercise date over the exercise price of such SAR. The Company shall pay
 such excess in cash, in Shares valued at Fair Market Value, or any combination thereof, as
 determined by the Committee.

Section 8. *Performance Awards.*

The Committee is authorized to grant, in addition to Restricted Shares, RSUs and Options, which are performance-based, other Performance Awards to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine.

&nbsp;&nbsp;&nbsp;&nbsp;(a) Performance
 Awards may be denominated as a cash amount, a number of Shares or a combination thereof and
 are Awards which may be earned upon achievement or satisfaction of performance conditions
 specified by the Committee. In addition, the Committee may specify that any other Award shall
 constitute a Performance Award by conditioning the right of a Participant to exercise the
 Award or have it settled, and the timing thereof, upon achievement or satisfaction of such
 performance conditions as may be specified by the Committee. The Committee may use such business
 criteria and other measures of performance as it may deem appropriate in establishing any
 performance conditions. Subject to the terms of the Plan, the Performance Goals to be achieved
 during any Performance Period, the length of any Performance Period, the amount of any Performance
 Award granted and the amount of any payment or transfer to be made pursuant to any Performance
 Award shall be determined by the Committee. If the Performance Award relates to Shares on
 which dividends are declared during the Performance Period, the Performance Award shall not
 provide for the payment of such dividend (or dividend equivalent) to the Participant prior
 to the time at which such Performance Award, or the applicable portion thereof, is earned.

Page **4** of **15**

&nbsp;&nbsp;&nbsp;&nbsp;(b) Performance
 Goals may be measured on an absolute (e.g., plan or budget) or relative basis, and may be
 established on a corporate-wide basis, with respect to one or more business units, divisions,
 Subsidiaries or business segments, or on an individual basis. Relative performance may be
 measured against a group of peer companies, a financial market index or other acceptable
 objective and quantifiable indices. If the Committee determines that a change in the business,
 operations, corporate structure or capital structure of the Company, or the manner in which
 the Company conducts its business, or other events or circumstances render the Performance
 Goals unsuitable, the Committee may modify the minimum acceptable level of achievement, in
 whole or in part, as the Committee deems appropriate and equitable. Performance Goals shall
 be adjusted for material items not originally contemplated in establishing the performance
 target for items resulting from discontinued operations, extraordinary gains and losses,
 the effect of changes in accounting standards or principles, acquisitions or divestitures,
 changes in tax rules or regulations, capital transactions, restructuring, nonrecurring gains
 or losses or unusual items. Performance Goals may vary from Performance Award to Performance
 A ward, and from Participant to Participant, and may be established on a stand-alone bas
 is, in tandem or in the alternative. The Committee shall have the power to impose such other
 restrictions on Awards subject to this Section 8(b) as it may deem necessary or appropriate
 to ensure that such Awards satisfy all requirements of any applicable law, stock market or
 exchange rules and regulations or accounting or tax rules and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Settlement
 of Performance Awards shall be in cash, Shares, other Awards, other property, net settlement
 or any combination thereof, as determined in the discretion of the Committee. Performance
 Awards will be settled only after the end of the relevant Performance Period. The Committee
 may, in its discretion, increase or reduce the amount of a settlement otherwise to be made
 in connection with a Performance Award.

Section 9. *Other Share-Based Awards.*

The Committee is authorized, subject to limitations under applicable law, to grant to Participants such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares or factors that may influence the value of Shares, including convertible or exchangeable debt securities, other rights convertible or exchangeable into Shares, acquisition rights for Shares, Awards with value and payment contingent upon performance of the Company or business units thereof or any other factors designated by the Committee. The Committee shall determine the terms and conditions of such Awards.

Section 10. *Other Cash-Based Awards.*

The Committee is authorized, subject to limitations under applicable law, to grant to Participants such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, cash. The Committee shall determine the terms and conditions of such Awards.

Section 11. *Effect of Leave of Absence or Termination of Service on Awards.*

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Committee may provide, by rule or regulation or in any Award Agreement, or may determine
 in any individual case, the circumstances in which, and the extent to which, an Award may
 continue to vest in the event of any unpaid leave of absence in excess of 60 days or as otherwise
 provided for by the Committee; provided, however, that in the absence of such determination,
 vesting of Awards shall be tolled during any such unpaid leave (unless otherwise required
 by applicable laws).

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Committee may provide, by rule or regulation or in any Award Agreement, or may determine
 in any individual case, the circumstances in which, and the extent to which, an Award may
 be exercised, settled, vested, paid or forfeited in the event of a Participant's Termination
 of Service prior to the vesting, exercise or settlement of such Award or the end of a Performance
 Period.

Page **5** of **15**

Section 12. *Change in Control.*

&nbsp;&nbsp;&nbsp;&nbsp;(a) In
 the event of a Change in Control, the Committee may provide that an Award shall vest and
 become immediately exercisable with respect to all or any portion of the Shares subject to
 such Options or SARs, the restricted period shall expire immediately with respect to all
 or any portion of the outstanding shares of Restricted Shares or RSUs and all or any portion
 of any Other Share-based Awards or Other Cash-Based Awards shall be vested.

&nbsp;&nbsp;&nbsp;&nbsp;(b) With
 respect to Performance Awards, in the event of a Change in Control, all incomplete Performance
 Periods with respect to such Awards in effect on the date the Change in Control occurs shall
 end on the date of such change and the Committee shall either (1)(i)(x) determine the extent
 to which Performance Goals with respect to such Performance Period have been met based upon
 such audited or unaudited financial information then available as it deems relevant and (y)
 cause to be paid to the applicable Participant partial or full Awards with respect to Performance
 Goals for each such Performance Period based upon the Committee's determination of
 the degree of attainment of Performance Goals or, (ii) assume that the applicable "target
 levels" of performance have been attained, or (2) use such other basis determined by
 the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Committee may provide that, in the event of a Change in Control, the Participant may retain
 any tag-along rights, or any rights to sell the Awards under any Company repurchase arrangements.

Section 13. *Repurchase Rights.*

The Company reserves the right, but not the obligation, to repurchase Awards and Shares underlying Awards held by a Participant in the event that the Participant ceases to be an Eligible Person.

Section 14. *Lock-Up.*

To the extent required by the underwriters, and except (1) as otherwise approved by the Committee, or (2) pursuant to this Section 14, Shares acquired by a Participant pursuant to the issuance, vesting, exercise, or settlement of any Award granted hereunder may not be sold, transferred, or otherwise disposed of prior to such period designated by the underwriters (the "**Lock-Up Period**"). The Company may impose stop-transfer instructions with respect to the Shares subject to the foregoing restriction until the end of such Lock-Up Period.

Section 15. *General Provisions Applicable to Awards.*

&nbsp;&nbsp;&nbsp;&nbsp;(a) Awards
 shall be granted for no cash consideration or for such minimal cash consideration as may
 be required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Awards
 may, in the discretion of the Committee, be granted either alone or in addition to or in
 tandem with any other Award or any award granted under any other plan of the Company. Awards
 granted in addition to or in tandem with other Awards, or in addition to or in tandem with
 awards granted under any other plan of the Company, may be granted either at the same time
 as or at a different time from the grant of such other Awards or awards.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Subject
 to the terms of the Plan and Section 20, payments or transfers to be made by the Company
 upon the grant, exercise or settlement of an Award may be made in the form of cash, Shares,
 other Awards, other property, net settlement or any combination thereof, as determined by
 the Committee in its discretion, and may be made in a single payment or transfer, in installments
 or on a deferred basis, in each case in accordance with rules and procedures established
 by the Committee. Such rules and procedures may include provisions for the payment or crediting
 of reasonable interest on installment or deferred payments or the grant or crediting of dividend
 equivalents in respect of installment or deferred payments.

Page **6** of **15**

&nbsp;&nbsp;&nbsp;&nbsp;(d) Except
 as may be permitted by the Committee or as specifically provided in an Award Agreement, (i)
 no Award and no right under any Award shall be assignable, alienable, saleable, pledgeable
 or otherwise transferable by a Participant otherwise than by will, the laws of descent and
 distribution or pursuant to Section l5(e) and (ii) during a Participant's lifetime,
 each Award, and each right under any Award, shall be exercisable only by the Participant
 or, if permissible under applicable law, by the Participant's guardian or legal representative.
 The provisions of this Section l5(d) shall not apply to any Award that has been fully exercised
 or settled, as the case may be, and shall not preclude forfeiture of an Award in accordance
 with the terms thereof.

&nbsp;&nbsp;&nbsp;&nbsp;(e) A
 Participant may designate a Beneficiary or change a previous Beneficiary designation at such
 times prescribed by the Committee by using forms and following procedures approved or accepted
 by the Committee for that purpose.

&nbsp;&nbsp;&nbsp;&nbsp;(f) All
 certificates, if any, for Shares, and/or other securities delivered under the Plan pursuant
 to any Award or the exercise thereof shall be subject to such stop transfer orders and other
 restrictions as the Committee may deem advisable under the Plan or the rules, regulations
 and other requirements of the U.S. Securities and Exchange Commission (the "**SEC** "),
 any stock market or exchange upon which such Shares or other securities are then quoted,
 traded or listed, and any applicable securities laws, and the Committee may cause a legend
 or legends to be put on any such certificates to make appropriate reference to such restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Without
 limiting the generality of Section l5(h) or Section 15(i), the Committee may impose restrictions
 on any Award with respect to non-competition, non-solicitation, confidentiality and other
 restrictive covenants, or requirements to comply with minimum share ownership requirements,
 as it deems necessary or appropriate in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;(h) The
 Committee may specify in an Award Agreement that the Participant's rights, payments
 and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture
 or recoupment upon the occurrence of certain specified events, in addition to any otherwise
 applicable vesting or performance conditions of an Award. Such events may include a Termination
 of Service with or without Cause (and, in the case of any Cause that is resulting from an
 indictment or other non-final determination, the Committee may provide for such Award to
 be held in escrow or abeyance until a final resolution of the matters related to such event
 occurs, at which time the Award shall either be reduced, cancelled or forfeited (as provided
 in such Award Agreement) or remain in effect, depending on the outcome), violation of material
 policies, breach of non-competition, non-solicitation, unlawful behaviors, confidentiality
 or other restrictive covenants that may apply to the Participant, or other conduct by the
 Participant that is detrimental to the business or reputation of the Company and/or its Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Rights,
 payments and benefits under any Award shall be subject to repayment to or recoupment ("clawback")
 by the Company for unlawful behavior and in accordance with such non-competition and nonsolicitation
 policies and procedures as the Committee or Board may adopt from time to time and those applicable
 to Participants under applicable employment agreements, including policies and procedures
 to implement applicable law, stock market or exchange rules and regulations or accounting
 or tax rules and regulations.

Section 16. *Amendments and Termination.*

&nbsp;&nbsp;&nbsp;&nbsp;(a) Except
 to the extent prohibited by applicable law and unless otherwise expressly provided in an
 Award Agreement or in the Plan, the Board may amend, alter, suspend, discontinue or terminate
 the Plan or any portion thereof at any time; provided, however, that no such amendment, alteration,
 suspension, discontinuation or termination shall be made without (i) shareholder approval,
 if such approval is required by applicable law or the rules of the stock market or exchange,
 if any, on which the Shares are principally quoted or traded or (ii) the consent of the affected
 Participant, if such action would materially adversely affect the rights of such Participant
 under any outstanding Award, except to the extent any such amendment, alteration, suspension,
 discontinuance or termination is made to cause the Plan to comply with applicable law, stock
 market or exchange rules and regulations or accounting or tax rules and regulations, or to
 impose any recoupment provisions on any Awards in accordance with Section 15(i). Notwithstanding
 anything to the contrary in the Plan, the Committee may amend the Plan or any Award Agreement
 in such manner as may be necessary or desirable to enable the Plan or such Award Agreement
 to achieve its stated purposes in any jurisdiction in a tax-efficient manner and in compliance
 with local laws, rules and regulations to recognize differences in local law, tax policy
 or custom. The Committee also may impose conditions on the exercise or vesting of Awards
 in order to minimize the Company's obligation with respect to tax equalization for
 Participants on assignments outside their home country.

Page **7** of **15**

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Committee may waive any conditions or rights under, amend any terms of, or amend, alter,
 suspend, discontinue or terminate any Award theretofore granted, prospectively or retroactively,
 without the consent of any relevant Participant or holder or Beneficiary of an Award; provided,
 however, that, subject to Section 4(d) and Section 15(c), no such action shall materially
 adversely affect the rights of any affected Participant or holder or Beneficiary under any
 Award theretofore granted under the Plan, except to the extent any such action is made to
 cause the Plan to comply with applicable law, stock market or exchange rules and regulations
 or accounting or tax rules and regulations, or to impose any recoupment provisions on any
 Awards in accordance with Section l5(i). Notwithstanding the foregoing, without stockholder
 approval, except as otherwise permitted elsewhere in the Plan, (i) no amendment or modification
 may reduce the exercise price of any Option or SAR, (ii) the Committee may not cancel any
 outstanding Option or SAR where the Fair Market Value of the Shares underlying such Option
 or SAR is less than its exercise price and replace it with a new Option or SAR, another Award
 or cash and (iii) the Committee may not take any other action that is considered a "repricing"
 for purposes of the stockholder approval rules of the applicable securities exchange or inter-dealer
 quotation system on which the Shares are listed or quoted.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Except
 as provided in Section 8(b), the Committee shall be authorized to make adjustments in the
 terms and conditions of, and the criteria included in, Awards in recognition of events (including
 the events described in Section 4(d) affecting the Company, or the financial statements of
 the Company, or of changes in applicable law, stock market or exchange rules and regulations
 or accounting or tax rules and regulations, whenever the Committee determines that such adjustments
 are appropriate in order to prevent dilution or enlargement of the benefits or potential
 benefits intended to be made available under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 Committee may correct any defect, supply any omission or reconcile any inconsistency in the
 Plan or any Award in the manner and to the extent it shall deem desirable to carry the Plan
 into effect.

Section 17. *Miscellaneous.*

&nbsp;&nbsp;&nbsp;&nbsp;(a) No
 employee, Participant or other person shall have any claim to be granted any Award under
 the Plan, and there is no obligation for uniformity of treatment of employees, Participants
 or holders or Beneficiaries of Awards under the Plan. The terms and conditions of Awards
 need not be the same with respect to each recipient, including as necessary or desirable
 to recognize differences in local law, tax policy or custom. Any Award granted under the
 Plan shall be a one-time Award that does not constitute a promise of future grants. The Company,
 in its sole discretion, maintains the right to make available future grants under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(b) No
 payment pursuant to the Plan shall be taken into account in determining any benefits under
 any severance, pension, retirement, savings, profit sharing, group insurance, welfare or
 other benefit plan of the Company or any Affiliate, except to the extent otherwise expressly
 provided in writing in such other plan or an agreement thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 grant of an Award shall not be construed as giving a Participant the right to be retained
 in the employ of, or to continue to provide services to, the Company or any Affiliate. Further,
 the Company or the applicable Affiliate may at any time dismiss a Participant, free from
 any liability, or any claim under the Plan, unless otherwise expressly provided in the Plan
 or in any Award Agreement or in any other agreement binding the parties. The receipt of any
 Award under the Plan is not intended to confer any rights on the receiving Participant except
 as set forth in the applicable Award Agreement.

Page **8** of **15**

&nbsp;&nbsp;&nbsp;&nbsp;(d) Nothing
 contained in the Plan shall prevent the Company from adopting or continuing in effect other
 or additional compensation arrangements, and such arrangements may be either generally applicable
 or applicable only in specific cases.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 Company shall be authorized to withhold from any Award granted or any payment due or transfer
 made under any Award or under the Plan or from any compensation or other amount owing to
 a Participant the amount (in cash, Shares, other Awards, other property, net settlement or
 any combination thereof) of applicable withholding taxes due in respect of an Award, its
 exercise or settlement or any payment or transfer under such Award or under the Plan and
 to take such other action (including providing for elective payment of such amounts in cash
 or Shares by the Participant) as may be necessary in the opinion of the Company to satisfy
 all obligations for the payment of such taxes.

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) No
 Shares shall be issued pursuant to the Plan in the event the Company determines that: (i)
 it and the Participant have not taken all actions required to register the Shares under the
 Securities Act and any other applicable securities laws and there is no exemption from such
 registration under applicable law; (ii) an applicable listing requirement of any stock exchange
 on which the Company is listed has not been satisfied; or (iii) another applicable provision
 of law has not been satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Each
 Award Agreement shall provide that no Shares shall be purchased or sold thereunder unless
 and until (a) any then applicable requirements of any state or federal laws and regulatory
 agencies in any applicable country have been fully complied with to the satisfaction of the
 Company and its counsel and (b) if required to do so by the Company, the Participant has
 executed and delivered to the Company a letter of investment intent in such form and containing
 such provisions as the Committee may require. The Company shall use reasonable efforts to
 seek to obtain from each regulatory com miss ion or agency having juris diction over the
 Plan such authority as may be required to grant Awards and to issue and sell Shares upon
 exercise of the Awards; provided, however, that this undertaking shall not require the Company
 to register und er the Securities Act the Plan, any Award or any Shares issued or issuable
 pursuant to any such Award. If, after reasonable efforts, the Company is unable to obtain
 from any such regulatory commission or agency the authority which counsel for the Company
 deems necessary for the lawful issuance and sale of Shares under the Plan, the Company shall
 be relieved from any liability for failure to issue and sell Shares upon exercise of such
 Awards unless and until such authority is obtained.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Neither
 the Plan nor any Award shall create or be construed to create a trust or separate fund of
 any kind or a fiduciary relationship between the Company and a Participant or any other person.
 To the extent that any person acquires a right to receive payments from the Company pursuant
 to an Award, such right shall be no greater than the right of any unsecured general creditor
 of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(j) No
 fractional Shares shall be issued pursuant to the Plan or any Award, and the Committee shall
 determine whether cash or other securities shall be paid or transferred in lieu of any fractional
 Shares, or whether such fractional Shares or any rights thereto shall be repurchased and
 canceled.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Notwithstanding
 anything to the contrary herein, the terms and conditions of this Plan may be adjusted with
 respect to a particular country by means of a Sub-Plan in the form of an addendum to this
 Plan, and to the extent that the terms and conditions set forth in the Sub-Plan conflict
 with any provisions of this Plan, the provisions of the applicable Sub-Plan shall govern.
 Terms and conditions set forth in a Sub-Plan shall apply only to Awards issued to Participants
 under the jurisdiction of the specific country that is subject of the Sub-Plan and shall
 not apply to Awards issued to any other Participants. The adoption of any such Sub-Plan shall
 be subject to the approval of the Board, and, if required, the approval of the shareholders
 of the Company.

Page **9** of **15**

Section 18. *Effective Date of the Plan.*

The Plan is effective as of the date the Plan is approved by the Board, subject to subsequent approval, within 12 months of its adoption by the Board, by shareholders of the Company eligible to vote in the election of directors, by a vote sufficient to meet the requirements of any laws, regulations, and obligations of the Company applicable to the Plan.

Section 19. *Term of the Plan.*

No Award shall be granted under the Plan after the earliest to occur of (i) the tenth anniversary of the effectiveness of the Plan (the "**Plan Expiration Date**"); provided that to the extent permitted by the listing rules of any stock exchanges on which the Company is listed, such Plan Termination Date may be extended indefinitely so long as the maximum number of Shares available for issuance under the Plan have not been issued, (ii) the maximum number of Shares available for issuance under the Plan have been issued or (iii) the Board terminates the Plan in accordance with Section 16(a). However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond such date, and the authority of the Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date.

Section 20. *Sections 409A and 457A of the Code.*

&nbsp;&nbsp;&nbsp;&nbsp;(a) With
 respect to Awards subject to Section 409A and 457A of the Code, the Plan is intended to comply
 with the requirements of Section 409A and 457A of the Code, and the provisions of the Plan
 and any Award Agreement shall be interpreted in a manner that satisfies the requirements
 of Section 409A and 457A of the Code, and the Plan shall be operated accordingly. If any
 provision of the Plan or any term or condition of any Award would otherwise frustrate or
 conflict with this intent, the provision, term or condition will be interpreted and deemed
 amended so as to avoid this conflict. If an amount payable under an Award as a result of
 the Participant's Termination of Service (other than due to death) occurring while
 the Participant is a "specified employee" under Section 409A of the Code constitutes
 a deferral of compensation subject to Section 409A of the Code, then payment of such amount
 shall not occur until six months and one day after the date of the Participant's Termination
 of Service, except as permitted under Section 409A of the Code. If the Award includes a "series
 of installment payments" (within the meaning of Section 1.409A-2(b)(2)(iii) of the
 Treasury Regulations), the Participant's right to the series of installment payments
 shall be treated as a right to a series of separate payments and not as a right to a single
 payment, and if the Award includes "dividend equivalents" (within the meaning
 of Section 1.409A-3(e) of the Treasury Regulations), the Participant's right to the
 dividend equivalents shall be treated separately from the right to other amounts under the
 Award. Notwithstanding the foregoing, the tax treatment of the benefits provided under the
 Plan or any Award Agreement is not warranted or guaranteed, and in no event shall the Company
 be liable for all or any portion of any taxes, penalties, interest or other expenses that
 may be incurred by the Participant on account of non-compliance with Section 409A and 457A
 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding
 any provision of the Plan to the contrary or any Award Agreement, in the event the Committee
 determines that any Award may be subject to Section 409A or Section 457A of the Code, the
 Committee may adopt such amendments to the Plan and the applicable Award Agreement or adopt
 other policies and procedures (including amendments, policies and procedures with retroactive
 effect), or take any other actions, that the Committee determines are necessary or appropriate
 to (a) exempt the Award from Section 409A or Section 457A of the Code and/or preserve the
 intended tax treatment of the benefits provided with respect to the Award, or (b) comply
 with the requirements of Section 409A or Section 457A and thereby avoid the application of
 any adverse tax consequences under such Sections.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding
 any provision of the Plan to the contrary or any Award Agreement, a termination of employment
 shall not be deemed to have occurred for purposes of any provision of an Award that is subject
 to Section 409A providing for payment upon or following a termination of a Participant's
 employment unless such termination is also a "separation from service" and, for
 purposes of any such provision of such Award, references to a "termination,"
 "termination of employment" or like terms shall mean "separation from service."

Page **10** of **15**

Section 21. *Governing Law.*

The Plan and each Award Agreement shall be governed by the laws of the Cayman Islands. The Company, its Affiliates and each Participant (by acceptance of an Award) irrevocably submit, in respect of any suit, action or proceeding related to the implementation or enforcement of the Plan, to the exclusive jurisdiction of the competent courts in the Cayman Islands.

Section 22. *Definitions.*

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) "**Affiliate** "
 means (i) any entity that, directly or indirectly, is controlled by the Company, (ii) any
 entity in which the Company, directly or indirectly, has a significant equity interest, in
 each case as determined by the Committee; or (iii) any other entity which the Committee determines
 should be treated as an "Affiliate."

&nbsp;&nbsp;&nbsp;&nbsp;(b) "**Award** "
 means any Option, SAR, Restricted Shares, RSU, Performance Award, Other Share-Based Award
 or Other Cash-Based Award granted under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(c) "**Award Agreement**" means any agreement, contract or other instrument or document, which
 may be in electronic format, evidencing any Award granted under the Plan, which may, but
 need not, be executed or acknowledged by a Participant.

&nbsp;&nbsp;&nbsp;&nbsp;(d) "**Beneficiary** "
 means a person entitled to receive payments or other benefits or exercise rights that are
 available under the Plan in the event of the Participant's death. If no such person
 is named by a Participant, or if no Beneficiary designated by the Participant is eligible
 to receive payments or other benefits or exercise rights that are available under the Plan
 at the Participant's death, such Participant's Beneficiary shall be such Participant's
 estate.

(e) "**Board** "
 means the board of directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(f) "**Cause** "
 means, with respect to any Participant, "cause" as defined in such Participant's
 employment agreement with the Company, if any, or if not so defined, except as otherwise
 provided in such Participant's Award Agreement or as determined by the Committee, such
 Participant's:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) indictment
 for any crime (A) constituting a felony, or (B) that has, or could reasonably be expected
 to result in, an adverse impact on the performance of a Participant's duties to the
 Company or any of its Subsidiaries, or otherwise has, or could reasonably be expected to
 result in, an adverse impact to the business or reputation of the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) having
 been the subject of any order, judicial or administrative, obtained or issued by any securities
 law regulator, (including the SEC) for any securities violation involving fraud, including,
 for example, any such order consented to by the Participant in which findings of facts or
 any legal conclusions establishing liability are neither admitted nor denied.

Page **11** of **15**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) conduct,
 in connection with his or her employment or service, which is not taken in good faith and
 has, or could reasonably be expected to result in, material injury to the business or reputation
 of the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) violation
 of the Company's code of conduct or other material policies set forth in the manuals
 or statements of policy of the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) neglect
 in the performance of a Participant's duties for the Company or any of its Subsidiaries
 or failure or refusal to perform such duties; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) material
 breach of any applicable employment agreement or other agreement with the Company.

The occurrence of any such event described in clauses (ii) through (vi) that is susceptible to cure or remedy shall not constitute Cause if such Participant cures or remedies such event within 30 days after the Company provides notice to such Participant.

&nbsp;&nbsp;&nbsp;&nbsp;(g) "**Change in Control**" means the occurrence of any one or more of the following events:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a
 direct or indirect change in beneficial ownership or control of the Company effected through
 one transaction or a series of related transactions within a 12-month period, whereby (a)
 any Person other than the Company, any member of the Kong Group or a holding company on behalf
 of any member of the Kong Group, directly or indirectly acquires beneficial ownership of
 securities of the Company constituting more than fifty percent (50%) of the total issued
 share capital of the Company immediately after such acquisition; and (b) Kong sells, transfers
 or otherwise disposes of more than fifty percent (50%) of the securities of the Company that
 he beneficially owns, directly or indirectly, as of the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) at
 any time during a period of 24 consecutive months, individuals who at the beginning of such
 period constituted the Board cease for any reason to constitute a majority of members of
 the Board; provided, however, that any new member of the Board whose election or nomination
 for election was approved by a vote of at least a majority of the directors then still in
 office who either were directors at the beginning of such period or whose election or nomination
 for election was so approved, shall be considered as though such individual were a member
 of the Board at the beginning of the period, but excluding, for this purpose, any such individual
 whose initial assumption of office occurs as a result of 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 a Person other than the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 consummation of a merger, amalgamation or consolidation of the Company or any of its Subsidiaries
 with any other corporation or entity, other than a merger, amalgamation or consolidation
 which would result in the voting securities of the Company issued and outstanding immediately
 prior to such merger, amalgamation or consolidation continuing to represent (either by remaining
 issued and outstanding or being converted into voting securities of the surviving entity
 or, if applicable, the ultimate parent thereof) at least fifty percent (50%) of the combined
 voting power and total Fair Market Value of the securities of the Company or such surviving
 entity or parent issued and outstanding immediately after such merger, amalgamation or consolidation;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 consummation of any sale, lease, exchange or other transfer to any Person (other than an
 Affiliate of the Company), in one transaction or a series of related transactions within
 a 12-month period, of all or substantially all of the assets of the Company and its Subsidiaries.

Page **12** of **15**

Notwithstanding the foregoing or any provision of any Award Agreement to the contrary, for any Award to which Section 12 applies that provides for accelerated distribution on a Change in Control of amounts that constitute "deferred compensation" (as defined in Section 409A and 457A of the Code), if the event that constitutes such Change in Control does not also constitute a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company's assets (in either case, as defined in Section 409A and 457A of the Code), such amount shall not be distributed on such Change in Control but instead shall vest as of the date of such Change in Control and shall be paid on the scheduled payment date specified in the applicable Award Agreement, except to the extent that earlier distribution would not result in the Participant who holds such Award incurring any additional tax, penalty, interest or other expense under Section 409A and 457A of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;(h) "**Code** "
 means the U.S. Internal Revenue Code of 1986, as amended from time to time, and the rules,
 regulations and guidance thereunder. Any reference to a provision in the Code shall include
 any successor provision thereto.

&nbsp;&nbsp;&nbsp;&nbsp;(i) "**Committee** "
 means the Compensation Committee of the Board or such other committee as may be designated
 by the Board. If the Board does not designate the Committee, or, at the Board's discretion
 with respect to any action, references herein to the "Committee" shall refer
 to another committee of at least two directors designated by the Board, each of whom shall
 be (i) a "non-employee director" within the meaning of Rule 16b-3 (or any successor
 rule) under the Exchange Act, unless administration of the Plan by "non-employee directors"
 is not then required in order for exemptions under Rule 16b-3 to apply to transactions under
 the Plan and (ii) "independent" as defined by the rules of the international,
 national or regional securities exchange on which any securities of the Company are listed
 for trading, and if not listed for trading, by the rules of the Nasdaq Stock Market.

&nbsp;&nbsp;&nbsp;&nbsp;(j) "**Consultant** "
 means any person, including an advisor, consultant or agent, engaged by the Company or a
 Subsidiary or Affiliate to render services to such entity or who renders, or has rendered,
 services to the Company or any Subsidiary or Affiliate and is compensated for such services.

&nbsp;&nbsp;&nbsp;&nbsp;(k) "**Disability** "
 means, unless otherwise provided for in the Participant's employment agreement or Award
 Agreement or as otherwise determined by the Committee, any medically determinable physical
 or mental impairment resulting in the Participant's inability to engage in any substantial
 gainful activity, where such impairment is likely to result in death or can be expected to
 last for a continuous period of not less than twelve (12) months, as determined reasonably
 and in good faith by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;(l) "**Eligible Director**" means a person who is a "non-employee director" within the
 meaning of Rule 16b-3 under the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;(m) "**Eligible Person**" with respect to an Award denominated in Shares, means any (i) Employee;
 provided, however, that no such employee covered by a collective bargaining agreement shall
 be an Eligible Person unless and to the extent that such eligibility is set forth in such
 collective bargaining agreement which includes rules regarding equity entitlement or in an
 agreement or instrument relating thereto; (ii) Eligible Director of the Company or an Affiliate;
 (iii) Consultant to the Company or an Affiliate; provided that if the Securities Act applies
 such persons must be eligible to be offered securities registrable on Form S-8 under the
 Securities Act; or (iv) prospective employees, directors, officers, consultants or advisors
 who have accepted offers of employment or consultancy from the Company or any of its Affiliates
 (and would satisfy the provisions of clauses (i) through (iii) above once he or she begins
 employment with or begins providing services to the Company or any of its Affiliates).

&nbsp;&nbsp;&nbsp;&nbsp;(n) "**Exchange Act**" means the U.S. Securities Exchange Act of 1934, as amended from time to time,
 and the rules, regulations and guidance thereunder. Any reference to a provision in the Exchange
 Act shall include any successor provision thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) "**Fair Market Value**" means, unless otherwise determined by the Committee, (i) with respect
 to a Share, the closing price of a Share on the date in question (or, if there is no reported
 sale on such date, on the last preceding date on which any reported sale occurred) on the
 principal stock market or exchange on which the Shares are quoted or traded, or if Shares
 are not so quoted or traded, the fair market value of a Share as determined by the Committee,
 and (ii) with respect to and property other than Shares, the fair market value of such property
 determined by such methods or procedures as shall be established from time to time by the
 Committee.

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&nbsp;&nbsp;&nbsp;&nbsp;(p) "**Incentive Stock Option**" means an Option that is designated by the Committee as an incentive
 stock option as described in Code Section 422 and otherwise meets the requirements set forth
 in the Plan.

(q) "**Kong** "
 means Alex Kong.

(r) "**Kong Group**" means Kong, CHU Kar Yin Catalina and Takis Wong.

&nbsp;&nbsp;&nbsp;&nbsp;(s) "**Nonqualified Option**" means an Option that is not designated by the Committee as an Incentive
 Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;(t) "**Non-Employee Director**" means a member of the Board who is not an employee of the Company or
 an Affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;(u) "**Option** "
 means an option representing the right to acquire Shares from the Company, granted in accordance
 with the provisions of Section 6.

(v) "**Other Cash-Based Award**" means an Award granted in accordance with the provisions of Section

&nbsp;&nbsp;&nbsp;&nbsp;(w) "**Option Price**" means the product of (x) the number of Shares subject to the Award, multiplied
 by (y) the exercise price.

(x) "**Other Share-Based Award**" means an Award granted in accordance with the provisions of
 Section 9.

(y) "**Participant** "
 means the recipient of an Award granted under the Plan.

(z) "**Performance Award**" means an Award granted in accordance with the provisions of Section 8.

(aa) "**Performance Goals**" means, for a Performance Period, the one or more criteria, objectives or
 measurements established by the Committee for the Performance Period based upon business
 criteria or other performance measures determined by the Committee in its discretion.

(bb) "**Performance Period**" means the period established by the Committee at the time any Performance
 Award is granted or at any time thereafter during which any performance goals specified by
 the Committee with respect to such A ward are measured.

(cc) "**Person** "
 means a natural person or a partnership, company, association, cooperative, mutual insurance
 society, foundation or any other body which operates externally as an independent unit or
 organization.

(dd) "**Replacement Award**" means an Award granted in assumption of, or in substitution for, an outstanding
 award previously granted by a company or business acquired by the Company or with which the
 Company, directly or indirectly, combines (whether by way of amalgamation, merger, sale and
 purchase of shares or other securities or otherwise).

(ee) "**Restricted Shares**" means any Share granted in accordance with the provisions of Section 5.

(ff) "**RSU** "
 means a contractual right granted in accordance with the provisions of Section 5 that is
 denominated in Shares. Each RSU represents a right to receive the value of one Share. Awards
 of RSUs may include the right to receive dividend equivalents.

(gg) "**SAR** "
 means any right granted in accordance with the provisions of Section 7 to receive upon exercise
 by a Participant or settlement the excess of (i) the Fair Market Value of one Share on the
 date of exercise or settlement over (ii) the exercise price of the right on the date of grant,
 or if granted in connection with an Option, on the date of grant of the Option.

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&nbsp;&nbsp;&nbsp;&nbsp;(hh) "**Securities Act**" means the Securities Act of 1933, as amended.

(ii) "**Shares** "
 means the ordinary shares issued or to be issued by the Company.

(jj) "**Sub-Plan** "
 means any supplement or sub-plan to this Plan adopted by the Board, applicable to Participants
 employed or otherwise engaged in a certain country or region or subject to the laws of a
 certain country or region, as deemed by the Board to be necessary or desirable to comply
 with the laws of such country or region, or to accommodate the tax policy or custom thereof,
 which, if and to the extent applicable to any particular Participant, shall constitute an
 integral part of this Plan.

(kk) "**Subsidiary** "
 means any corporation, limited liability company, joint venture or partnership of which the
 Company (a) directly or indirectly owns more than fifty percent (50%) of (i) the total combined
 voting power of all classes of voting securities of such entity, (ii) the total combined
 equity interests, or (iii) the capital or profit interest s, in the case of a partnership;
 or (b) otherwise has the power to vote, either directly or indirectly, sufficient securities
 to elect a majority of the board of directors or similar governing body.

(ll) "**Termination of Service**" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in
 the case of a Participant who is an employee of the Company or an Affiliate, cessation of
 the employment relationship such that the Participant is no longer an employee of the Company
 or Subsidiary or Affiliate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in
 the case of a Participant who is a Non-Employee Director, the date that the Participant ceases
 to be a member of the Board for any reason; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in
 the case of a Participant who is a consultant or other advisor, the effective date of the
 cessation of the performance of services for the Company or any Subsidiary;

provided, however, that in the case of an employee, the transfer of employment from the Company to an Affiliate, from an Affiliate to the Company, from one Affiliate to another Affiliate or, unless the Committee determines otherwise, the cessation of employee status but the continuation of the performance of services for the Company or an Affiliate as a member of the Board or a consultant or other advisor shall not be deemed a cessation of service that would constitute a Termination of Service ; and provided further that a Termination of Service will be deemed to occur for a Participant employed by an Affiliate when an Affiliate ceases to be an Affiliate, unless such Participant's employment continues with the Company or another Affiliate.

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