Document:

Exhibit 10.2

    

    

    FORM OF

    

    

    CONTRIBUTION AGREEMENT

    

    

    BY AND AMONG

    

    

    NEW FORTRESS ENERGY HOLDINGS LLC

    

    

    NFE ATLANTIC HOLDINGS LLC

    

    

    NEW FORTRESS ENERGY LLC

    

    

    NFE SUB LLC

    

    

    AND

    

    

    NEW FORTRESS INTERMEDIATE LLC

    

    

     

      

     

      

    DATED AS OF              , 2019

    

    

    
      
        

    

    
    

    

    CONTRIBUTION AGREEMENT

    

    

    This Contribution Agreement, dated as of              , 2019 (this “Agreement”),
        is entered into by and among New Fortress Energy Holdings LLC, a Delaware limited liability company (“NFE Holdings”), New Fortress Atlantic Holdings LLC, a Delaware
        limited liability company (“NFE Atlantic”), New Fortress Energy LLC, a Delaware limited liability company (the “Company”), NFE Sub LLC, a Delaware limited liability company (“NFE Sub”), and New Fortress Intermediate LLC, a Delaware limited liability company
        (“NFI”). The above named entities are sometimes referred to herein as a “Party” and
        collectively as the “Parties.”

    

    

    RECITALS

    

    

    WHEREAS, NFE Holdings has formed the Company
        under the Delaware Limited Liability Company Act (the “Delaware LLC Act”) and owns a 100% membership interest in the Company as of the date hereof;

    

    

    WHEREAS, the Company has formed NFI under the
        Delaware LLC Act and owns a 100% membership interest in NFI as of the date hereof;

    

    

    WHEREAS, the Company has formed NFE Sub under
        the Delaware LLC Act and owns a 100% membership interest in NFE Sub as of the date hereof;

    

    

    WHEREAS, NFE Holdings owns a 100% membership
        interest in NFE Atlantic (the “NFE Atlantic Membership Interest”) as of the date hereof;

    

    

    WHEREAS, the Company wishes to engage in an
        initial public offering (the “Company IPO”) of Class A shares representing limited liability company interests in the Company (the “Class A shares”), pursuant to, and as more fully described in, a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission, Registration No. 333-228339;

    

    

    WHEREAS, in connection with the Company IPO,
        the Company and NFI have entered into an underwriting agreement, dated as of                , 2019 (the “Underwriting Agreement”) with the underwriters named therein,
        pursuant to which the Company has agreed to issue and sell              Class A shares to the public at a price per share equal to $            , less underwriting discounts and commissions as set forth in the Underwriting Agreement (the “Company IPO Proceeds”);

    

    

    WHEREAS, in connection with the Company IPO,
        the Parties desire to effect the contributions and other transactions set forth in this Agreement, which will occur on the terms and in the sequence set forth herein; and

    

    

    WHEREAS, each of the Parties and the
        stockholders, members, partners, boards of directors or managers of the Parties, as the case may be, have taken all corporate, partnership, limited liability company or other action, as the case may be, required to be taken to approve the
        transactions contemplated by this Agreement.

    

    

    
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    NOW THEREFORE, in consideration of the
        foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows:

    

    

    ARTICLE I

    

    

    CONTRIBUTIONS & DISTRIBUTIONS

    

    

    The following contributions and transactions shall be completed in the order set forth below.

    

    

    Section 1.1          Contribution and Assignment of NFE Atlantic Membership Interests by NFE Holdings.

    

    

    Immediately prior to the Company IPO, NFE Holdings shall contribute, convey, assign, transfer and deliver the NFE Atlantic Membership
        Interest to NFI in exchange for the issuance by NFI to NFE Holdings of                 units representing limited liability company interests in NFI (the “NFI Units”) and
        the right to receive                 Class B shares representing limited liability company interests in the Company (the “Class B shares”).

    

    

    Section 1.2          Distribution in Redemption of NFE Holdings’ Membership Interest in the Company.

    

    

    Immediately following the Company IPO, the Company shall distribute, convey, assign, transfer and deliver $          in complete
        redemption of NFE Holdings’ membership interest in the Company.

    

    

    Section 1.3          Contribution of Company IPO Proceeds and Class B shares.

    

    

    (a)          The Company shall contribute all of the Company IPO
        Proceeds and contribute, convey, assign, transfer and deliver                Class B shares to NFE Sub.

    

    

    (b)          NFE Sub shall in turn contribute all of the Company
        IPO Proceeds and contribute, convey, assign, transfer and deliver                Class B shares to NFI in exchange for the issuance by NFI to NFE Sub of                 NFI Units.

    

    

    Section 1.4          Distribution of Class B shares by NFI.

    

    

    NFI shall distribute, convey, assign, transfer and deliver all of the Class B shares contributed to it by NFE Sub to NFE Holdings.

    

    

    
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    ARTICLE II

    

    

    MISCELLANEOUS

    

    

    Section 2.1          Further Assurances.

    

    

    From time to time, and without any further consideration, the Parties agree to execute, acknowledge and deliver all such additional
        deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and other documents, and to do all such other acts and things, all in accordance with applicable law, as may be necessary or appropriate (a) more fully to
        assure that the applicable Parties own all of the properties, rights, titles, interests, estates, remedies, powers and privileges granted by this Agreement, or which are intended to be so granted, (b) more fully and effectively to vest in the
        applicable Parties and their respective successors and assigns beneficial and record title to the interests contributed and assigned by this Agreement or intended to be so and (c) more fully and effectively carry out the purposes and intent of this
        Agreement.

    

    

    Section 2.2          Successors and Assigns.

    

    

    The Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns.

    

    

    Section 2.3          No Third Party Rights.

    

    

    The provisions of this Agreement are intended to bind the Parties as to each other and are not intended to and do not create rights in
        any other person or confer upon any other person any benefits, rights or remedies and no person is or is intended to be a third party beneficiary of any of the provisions of this Agreement.

    

    

    Section 2.4          Severability.

    

    

    If any of the provisions of this Agreement are held by any court of competent jurisdiction to contravene, or to be invalid under, the
        laws of any political body having jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement.  Instead, this Agreement shall be construed as if it did not contain the particular provision
        or provisions held to be invalid, and an equitable adjustment shall be made and necessary provision added so as to give effect to the intention of the Parties as expressed in this Agreement at the time of execution of this Agreement.

    

    

    Section 2.5          Entire Agreement.

    

    

    This Agreement and the instruments referenced herein supersede all previous understandings or agreements among the Parties, whether oral
        or written, with respect to the subject matter of this Agreement and such instruments. This Agreement and such instruments contain the entire understanding of the Parties with respect to the subject matter hereof and thereof. No understanding,
        representation, promise or agreement, whether oral or written, is intended to be or shall be included in or form part of this Agreement unless it is contained in a written amendment hereto executed by the Parties after the date of this Agreement.

    

    

    
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    Section 2.6          Amendment or Modification.

    

    

    This Agreement may be amended or modified at any time or from time to time only by a written instrument, specifically stating that such
        written instrument is intended to amend or modify this Agreement, signed by each of the Parties.

    

    

    Section 2.7          Construction.

    

    

    All Article and Section headings in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or
        construction of any of the provisions hereof. All references herein to Articles and Sections shall, unless the context requires a different construction, be deemed to be references to the Articles and Sections of this Agreement. The words “hereof,”
        “herein” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole, and not to any particular provision of this Agreement. All personal pronouns used in this Agreement, whether used in the
        masculine, feminine or neuter gender, shall include all other genders, and the singular shall include the plural and vice versa. The use herein of the word “including” following any general statement, term or matter shall not be construed to limit
        such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation”, “but not limited to”, or words of similar
        import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible scope of such general statement, term or matter.

    

    

    Section 2.8          Counterparts.

    

    

    This Agreement may be executed in any number of counterparts with the same effect as if all Parties had signed the same document.  All
        counterparts shall be construed together and shall constitute one and the same instrument.  The delivery of an executed counterpart copy of this Agreement by facsimile or electronic transmission in PDF format shall be deemed to be the equivalent of
        delivery of the originally executed copy thereof.

    

    

    Section 2.9          Deed; Bill of Sale; Assignment.

    

    

    To the extent required and permitted by applicable law, this Agreement shall also constitute a “deed,” “bill of sale” or “assignment” of
        the assets and interests referenced herein.

    

    

    Section 2.10          Applicable Law.

    

    

    This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the principles
        of conflicts of law.

    

    

    [Signature Page Follows]

    

    

    
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    IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties as of the date first written above.

    

    

    	 	
            NEW FORTRESS ENERGY HOLDINGS LLC

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            NFE ATLANTIC HOLDINGS LLC

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            NEW FORTRESS ENERGY LLC

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            NFE SUB LLC

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            NEW FORTRESS INTERMEDIATE LLC

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          

    

    

    Signature Page

    Contribution AgreementExhibit 10.3

   

   

  FORM OF NEW FORTRESS ENERGY LLC

    2019 OMNIBUS INCENTIVE PLAN

   

  Section 1.              Purpose of Plan.

   

  The name of the Plan is the New Fortress Energy LLC 2019 Omnibus Incentive Plan (the “Plan”). The purposes of the Plan
    are to provide an additional incentive to selected officers, employees, non-employee directors, independent contractors, and consultants of the Company or its Affiliates (as hereinafter defined) whose contributions are essential to the growth and
    success of the business of the Company and its Affiliates, in order to strengthen the commitment of such persons to the Company and its Affiliates, motivate such persons to faithfully and diligently perform their responsibilities and attract and retain
    competent and dedicated persons whose efforts will result in the long-term growth and profitability of the Company and its Affiliates. To accomplish such purposes, the Plan provides that the Company may grant Options, Share Appreciation Rights,
    Restricted Shares, Restricted Share Units, Share Bonuses, Other Share-Based Awards, Cash Awards or any combination of the foregoing.

   

  Section 2.              Definitions.

   

  For purposes of the Plan, the following terms shall be defined as set forth below:

   

  (a)           “Administrator” means
    the Board, or, if and to the extent the Board does not administer the Plan, the Committee in accordance with Section 3 hereof.

   

  (b)          “Affiliate” means (i) a
    Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person specified or (ii) solely for purposes of the Plan, Fortress Investment Group LLC and its Subsidiaries.

   

  (c)           “Award” means any
    Option, Share Appreciation Right, Restricted Shares, Restricted Share Unit, Share Bonus, Other Share-Based Award or Cash Award granted under the Plan.

   

  (d)          “Award Agreement” means
    any written agreement, contract or other instrument or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent with the
    Plan. Each Participant who is granted an Award shall enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall determine, in its sole discretion.

   

  (e)           “Base Price” has the
    meaning set forth in Section 8(b) hereof.

   

  (f)            “Beneficial Owner” (or
    any variant thereof) has the meaning defined in Rule 13d-3 under the Exchange Act.

   

  (g)          “Board” means the Board
    of Directors of the Company.

  
    
      
 

  

  
  (h)          “Cash Award” means an
    Award granted pursuant to Section 12 hereof.

   

  (i)           “Cause” has the meaning
    assigned to such term in the Award Agreement or in any individual employment or severance agreement with the Participant or, if any such agreement does not define “Cause,” Cause means (i) the commission of an act of fraud or dishonesty by the
    Participant in the course of the Participant’s employment or service; (ii) the indictment of, or conviction of, or entering of a plea of guilty or nolo contendere by, the Participant for a crime constituting a felony or in respect of any act of fraud
    or dishonesty; (iii) the commission of an act by the Participant which would make the Participant or the Company (including any of its Subsidiaries or Affiliates) subject to being enjoined, suspended, barred or otherwise disciplined for violation of
    federal or state securities laws, rules or regulations, including a statutory disqualification; (iv) gross negligence or willful misconduct in connection with the Participant’s performance of his or her duties in connection with the Participant’s
    employment by or service with the Company (including any Subsidiary or Affiliate for whom the Participant may be employed by or providing services to at the time) or the Participant’s failure to comply with any of the restrictive covenants to which the
    Participant is subject; (v) the Participant’s willful failure to comply with any material policies or procedures of the Company as in effect from time to time, provided that the Participant shall have been delivered a copy of such policies or notice
    that they have been posted on a Company website prior to such compliance failure; or (vi) the Participant’s failure to perform the material duties in connection with the Participant’s position, unless the Participant remedies the failure referenced in
    this clause (vi) no later than ten (10) days following delivery to the Participant of a written notice from the Company (including any of its Subsidiaries or Affiliates) describing such failure in reasonable detail (provided that the Participant shall
    not be given more than one opportunity in the aggregate to remedy failures described in this clause (vi)).

   

  (j)           “Change in Capitalization”
    means any (1) merger, consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase or other reorganization or corporate transaction or event, (2) special or extraordinary dividend or other extraordinary distribution (whether in the
    form of cash, Class A Shares, or other property), share split, reverse share split, subdivision or consolidation, (3) combination or exchange of shares, or (4) other change in corporate structure, which, in any such case, the Administrator determines,
    in its sole discretion, affects the Class A Shares such that an adjustment pursuant to Section 5 hereof is appropriate.

   

  (k)           “Change in Control”
    shall mean an event or series of events after which Fortress Entities collectively directly or indirectly legally or beneficially own less than 40% of the voting shares (or other voting equity interests) of the Company; provided, however,
    that a “Change in Control” shall not be deemed to occur upon the occurrence of either of the following events:

   

  (1)           an acquisition, merger, continuation into another jurisdiction or
    other business combination involving the Company, including the sale of all or substantially all of the assets of the Company (each, a “Business Combination”), if one or more Fortress Entities collectively (x) directly or indirectly legally or
    Beneficially Own at least 30% of the voting shares (or other voting equity interests) of the Company or the surviving/acquiring entity, as the case may be, and (y) continue to be the largest shareholder (or other holder of equity) of the Company or the
    surviving/acquiring entity, as the case may be, following such Business Combination; and a “Change in Control” will not result after any such Business Combination so long as (but only so long as) the conditions set forth in clause (x) and clause (y)
    continue to be satisfied; or

  
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  (2)           (x) upon an initial public offering of the voting shares or other
    equity interests of the Company or any direct or indirect parent of the Company (without regard to the percentage of voting shares or other equity interests of the Company or such other entity directly or indirectly legally or beneficially owned by the
    Fortress Entities immediately after such offering) or (y) without limiting clause (x), if at any time following such initial public offering, one or more Fortress Entities collectively directly or indirectly legally or beneficially own at least 30% of
    the voting shares (or other voting equity interests) of the Company or such direct or indirect parent and are the largest shareholder (or other holder of equity) of the Company or such direct or indirect parent.

   

  Notwithstanding the foregoing, for each Award that constitutes deferred compensation under Section 409A of the Code, and to the extent required to avoid accelerated taxation and/or tax
    penalties under Section 409A of the Code, a Change in Control shall be deemed to have occurred under the Plan with respect to such Award only if a change in the ownership or effective control of the Company or a change in ownership of a substantial
    portion of the assets of the Company shall also be deemed to have occurred under Section 409A of the Code.

   

  

   

  (l)            “Class A Shares” means Class A shares of the Company representing limited liability company
    interests.

   

    

  (m)          “Class B Shares” means Class B shares of the Company representing limited liability company interests.

   

  (n)           “Code” means the
    Internal Revenue Code of 1986, as amended from time to time, or any successor thereto.

   

  (o)           “Committee” means any
    committee or subcommittee the Board may appoint to administer the Plan. Subject to the discretion of the Board, the Committee shall be composed entirely of individuals who meet the qualifications of (i) a “non-employee director” within the meaning of
    Rule 16b-3 and (ii) any other qualifications required by the applicable stock exchange on which the Class A Shares are traded. If at any time or to any extent the Board shall not administer the Plan, then the functions of the Administrator specified in
    the Plan shall be exercised by the Committee. Except as otherwise provided in the organizational documents of the Company, any action of the Committee with respect to the administration of the Plan shall be taken by a majority vote at a meeting at
    which a quorum is duly constituted or unanimous written consent of the Committee’s members.

   

  (p)           “Company” means New
    Fortress Energy LLC, a Delaware limited liability company or any successor company.

   

  (q)           “Disability” has the
    meaning assigned to such term in the Award Agreement or in any individual employment or severance agreement with the Participant or, if any such agreement does not define “Disability,” Disability means, with respect to any Participant, that such
    Participant (i) as determined by the Administrator in its sole discretion, is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be
    expected to last for a continuous period of not less than twelve (12) months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period
    of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company or an Affiliate thereof.

  
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  (r)           “Effective Date” has
    the meaning set forth in Section 20 hereof.

   

  (s)           “Eligible Recipient”
    means an officer, employee, non-employee director, independent contractor or consultant of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the
    extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Share Appreciation Right means an employee, non-employee director, independent contractor or consultant of the
    Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code; provided further, that an Eligible Recipient must be an “employee” of
    the Company or any of its parents or subsidiaries within the meaning of General Instruction A.1(a) to Form S-8 if such individual is granted an Award that may be settled in Class A Shares.

   

  (t)            “Exchange Act” means
    the Securities Exchange Act of 1934, as amended from time to time.

   

  (u)           “Exercise Price” means,
    with respect to any Option, the per share price at which a holder of such Option may purchase such Class A Shares issuable upon the exercise of such Option.

   

  (v)           “Fair Market Value” of
    Class A Shares or another security as of a particular date shall mean the fair market value as determined by the Administrator in its sole discretion; provided, however, (i) if the Class A Shares or other security are admitted to
    trading on a national securities exchange, the fair market value on any date shall be the closing sale price reported on such date, or if no Class A Shares were traded on such date, on the last preceding date for which there was a sale of a Class A
    Share on such exchange, or (ii) if the Class A Shares or other security are then traded in an over-the-counter market, the fair market value on any date shall be the average of the closing bid and asked prices for such share in such over-the-counter
    market for the last preceding date on which there was a sale of such share in such market.

   

  (w)          “Fortress Entities” means Fortress Equity Partners (A) LP, New
    Fortress Energy Holdings LLC and their respective Affiliates.

   

  (x)           “Free Standing Right”
    has the meaning set forth in Section 8(a) hereof.

   

  (y)           “Good Reason” has the meaning assigned to such term in the Award
    Agreement or in any individual employment or severance agreement with the Participant or, if any such agreement does not define “Good Reason,” Good Reason and any provision of this Plan that refers to Good Reason shall not be applicable to such
    Participant.

   

  (z)           “ISO” means an Option intended to be and designated as an
    “incentive stock option” within the meaning of Section 422 of the Code.

  
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  (aa)         “Nonqualified Share Option” means an Option that is not
    designated as an ISO.

   

  (bb)        “Option” means an option
    to purchase Class A Shares granted pursuant to Section 7 hereof. The term “Option” as used in the Plan includes the terms “Nonqualified Share Option” and “ISO.”

   

  (cc)         “Other Share-Based Award”
    means an Award granted pursuant to Section 10 hereof.

   

  (dd)        “Participant” means any
    Eligible Recipient selected by the Administrator, pursuant to the Administrator’s authority provided for in Section 3 hereof, to receive grants of Awards, and, upon his or her death, his or her successors, heirs, executors and administrators, as the
    case may be.

   

  (ee)         “Performance Goals”
    means performance goals based on criteria selected by the Administrator in its sole discretion. Where applicable, the Performance Goals may be expressed in terms of attaining a specified level of the particular criteria or the attainment of a
    percentage increase or decrease in the particular criteria, and may be applied to one or more of the Company or any Affiliate thereof, or a division or strategic business unit of the Company or any Affiliate thereof, or may be applied to the
    performance of the Company relative to a market index, a group of other companies or a combination thereof, all as determined by the Administrator. The Performance Goals may include a threshold level of performance below which no payment shall be made
    (or no vesting shall occur), levels of performance at which specified payments shall be made (or specified vesting shall occur), and a maximum level of performance above which no additional payment shall be made (or at which full vesting shall occur).
    The Administrator shall have the authority to make equitable adjustments to the Performance Goals as may be determined by the Administrator, in its sole discretion.

   

  (ff)          “Person” has the
    meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof.

   

  (gg)        “Plan” has the meaning
    set forth in Section 1 hereof.

   

  (hh)        “Related Right” has the
    meaning set forth in Section 8(a) hereof.

   

  (ii)          “Restricted Shares”
    means Class A Shares granted pursuant to Section 9 hereof subject to certain restrictions that lapse at the end of a specified period or periods.

   

  (jj)          “Restricted Share Unit”
    means the right, granted pursuant to Section 9 hereof, to receive an amount in cash or Class A Shares (or any combination thereof) equal to the Fair Market Value of a Class A Share subject to certain restrictions that lapse at the end of a specified
    period or periods.

   

  (kk)        “Rule 16b-3” has the
    meaning set forth in Section 3(a) hereof.

  

  
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  (ll)         “Share Appreciation Right”
    means the right to receive, upon exercise of the right, the applicable amounts as described in Section 8 hereof.

   

  (mm)      “Share Bonus” means a bonus
    payable in fully vested Class A Shares granted pursuant to Section 11 hereof.

   

  (nn)        “Subsidiary” means, with
    respect to any Person, as of any date of determination, any other Person as to which such first Person owns or otherwise controls, directly or indirectly, more than 50% of the voting shares or other similar interests or a sole general partner interest
    or managing member or similar interest of such other Person.

   

  (oo)        “Transfer” has the
    meaning set forth in Section 18 hereof.

   

  Section 3.              Administration.

   

  (a)           The Plan shall be administered by the Administrator and shall be
    administered in accordance with the requirements of Rule 16b-3 under the Exchange Act (“Rule 16b-3”), to the extent applicable.

   

  (b)           Pursuant to the terms of the Plan, the Administrator, subject, in the
    case of any Committee, to any restrictions on the authority delegated to it by the Board, shall have the power and authority, without limitation:

   

  (1)           to select those Eligible Recipients who shall be Participants;

   

  (2)           to determine whether and to what extent Awards are to be granted
    hereunder to Participants;

   

  (3)           to determine the number of Class A Shares to be covered by each Award
    granted hereunder;

   

  (4)           to determine the terms and conditions, not inconsistent with the
    terms of the Plan, of each Award granted hereunder (including, but not limited to, (i) the restrictions applicable to Restricted Shares or Restricted Share Units and the conditions under which restrictions applicable to such Restricted Shares or
    Restricted Share Units shall lapse, (ii) the Performance Goals and periods applicable to Awards, (iii) the Exercise Price of each Option and the Base Price of each Share Appreciation Right, (iv) the vesting schedule applicable to each Award, subject to
    Section 4(d) hereof, (v) the number of Class A Shares or amount of cash or other property subject to each Award and (vi) subject to the requirements of Section 409A of the Code (to the extent applicable), any amendments to the terms and conditions of
    outstanding Awards, including, but not limited to, extending the exercise period of such Awards and accelerating the vesting schedule of such Awards);

   

  (5)           to determine the terms and conditions, not inconsistent with the
    terms of the Plan, which shall govern all written instruments evidencing Awards;

   

  (6)           to determine the Fair Market Value in accordance with the terms of
    the Plan;

  
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  (7)           to determine the duration and purpose of leaves of absence which may
    be granted to a Participant without constituting termination of the Participant’s employment or service for purposes of Awards granted under the Plan;

   

  (8)           to adopt, alter and repeal such administrative rules, guidelines and
    practices governing the Plan as it shall from time to time deem advisable; and

   

  (9)           to prescribe, amend and rescind rules and regulations relating to
    sub-plans established for the purpose of satisfying applicable foreign laws or qualifying for favorable tax treatment under applicable foreign laws, which rules and regulations may be set forth in an appendix or appendices to the Plan; and

   

  (10)         to construe and interpret the terms and provisions of the Plan and any
    Award issued under the Plan (and any Award Agreement relating thereto), and to otherwise supervise the administration of the Plan and to exercise all powers and authorities either specifically granted under the Plan or necessary and advisable in the
    administration of the Plan.

   

  (c)            All decisions made by the Administrator pursuant to the provisions of
    the Plan shall be final, conclusive and binding on all persons, including the Company and the Participants. No member of the Board or the Committee, nor any officer or employee of the Company or any Subsidiary thereof acting on behalf of the Board or
    the Committee, shall be personally liable for any action, omission, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Committee and each and any officer or employee of the Company
    and of any Subsidiary thereof acting on their behalf shall, to the maximum extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, omission, determination or interpretation.

   

  (d)            The Administrator may, in its sole discretion, delegate its authority,
    in whole or in part, under this Section 3 (including, but not limited to, its authority to grant Awards under the Plan, other than its authority to grant Awards under the Plan to any Participant who is subject to reporting under Section 16 of the
    Exchange Act) to one or more officers of the Company, subject to the requirements of applicable law or any stock exchange on which the Class A Shares are traded.

   

  Section 4.              Class A Shares Reserved for Issuance; Certain
    Limitations.

   

  (a)            The maximum number of Class A Shares reserved for issuance under the
    Plan shall be [•] shares (subject to adjustment as provided in Section 5), as increased on the first day of each fiscal year of the Company beginning in calendar year 2020 by a number of Class A Shares equal to the excess, if any, of (x) 10% of the
    aggregate number of outstanding Class A Shares and Class B Shares on the last day of the immediately preceding fiscal year, over (y) the number of Class A Shares reserved and available for issuance in respect of future grants of Awards under the Plan
    as of the last day of the immediately preceding fiscal year. Notwithstanding the number of Class A Shares available under the Plan, no more than [●] Class A Shares will be available for issuance in connection with ISOs under the Plan.

  
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  (b)            Class A Shares issued under the Plan may, in whole or in part, be
    authorized but unissued Class A Shares or Class A Shares that shall have been or may be reacquired by the Company in the open market, in private transactions or otherwise. If any Class A Shares subject to an Award are forfeited, cancelled, exchanged or
    surrendered or if an Award otherwise terminates or expires without a distribution of Class A Shares to the Participant, the Class A Shares with respect to such Award shall, to the extent of any such forfeiture, cancellation, exchange, surrender,
    termination or expiration, again be available for Awards under the Plan. Additionally, Class A Shares that are exchanged by a Participant or withheld by the Company as full or partial payment in connection with the exercise of any Option or Stock
    Appreciation Right under the Plan or the payment of any purchase price with respect to any other Award under the Plan, as well as any Class A Shares exchanged by a Participant or withheld by the Company or any Subsidiary to satisfy the tax withholding
    obligations related to any Award under the Plan, shall also be available for subsequent Awards under the Plan. Upon the exercise of any Award granted in tandem with any other Awards, such related Awards shall be cancelled to the extent of the number of
    Class A Shares as to which the Award is exercised and, notwithstanding the foregoing, such number of Class A Shares shall no longer be available for Awards under the Plan. Class A Shares, if any, that are repurchased by the Company using the proceeds
    received by the Company from the exercise of any Option or Stock Appreciation Right or from the payment of any purchase price with respect to any other Award shall not be added to the aggregate number of Class A Shares available for Awards under the
    Plan. In addition, (i) to the extent an Award is denominated in Class A Shares, but paid or settled in cash, the number of Class A Shares with respect to which such payment or settlement is made shall again be available for grants of Awards pursuant to
    the Plan and (ii) Class A Shares underlying Awards that can only be settled in cash shall not be counted against the aggregate number of Class A Shares available for Awards under the Plan.

   

  Section 5.              Equitable Adjustments.

   

  (a)             In the event of any Change in Capitalization, an equitable
    substitution or proportionate adjustment shall be made, in each case, as may be determined by the Administrator, in its sole discretion, in (i) the aggregate number of Class A Shares reserved for issuance under the Plan and the maximum number of Class
    A Shares or cash that may be subject to Awards granted to any Participant in any calendar year, (ii) the kind and number of securities subject to, and the Exercise Price or Base Price of, any outstanding Options and Share Appreciation Rights granted
    under the Plan, (iii) the kind, number and purchase price of Class A Shares, or the amount of cash or amount or type of other property, subject to outstanding Restricted Shares, Restricted Share Units, Share Bonuses and Other Share-Based Awards granted
    under the Plan or (iv) the Performance Goals and performance periods applicable to any Awards granted under the Plan; provided, however, that any fractional Class A Shares resulting from the adjustment shall be eliminated. Such other
    equitable substitutions or adjustments shall be made as may be determined by the Administrator, in its sole discretion.

   

  (b)            Without limiting the generality of the foregoing, in connection with a
    Change in Capitalization, the Administrator may provide, in its sole discretion, but subject in all events to the requirements of Section 409A of the Code, for the cancellation of any outstanding Award in exchange for payment in cash or other property
    having an aggregate Fair Market Value equal to the Fair Market Value of the Class A Shares, cash or other property covered by such Award, reduced by the aggregate Exercise Price or Base Price thereof, if any; provided, however, that if
    the Exercise Price or Base Price of any outstanding Award is equal to or greater than the Fair Market Value of the Class A Shares, cash or other property covered by such Award, the Board may cancel such Award without the payment of any consideration to
    the Participant.

  
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  (c)             The determinations made by the Administrator or the Board, as
    applicable, pursuant to this Section 5 shall be final, binding and conclusive.

   

  Section 6.              Eligibility.

   

  The Participants under the Plan shall be selected from time to time by the Administrator, in its sole discretion, from those individuals that qualify as Eligible
    Recipients.

   

  Section 7.              Options.

   

  (a)             General. Each Participant who is granted an Option shall enter
    into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall determine, in its sole discretion, which Award Agreement shall set forth, among other things, the Exercise Price of the Option, the term of the
    Option and provisions regarding exercisability of the Option, and whether the Option is intended to be an ISO or a Nonqualified Share Option (and in the event the Award Agreement has no such designation, the Option shall be a Nonqualified Share
    Option). The provisions of each Option need not be the same with respect to each Participant. More than one Option may be granted to the same Participant and be outstanding concurrently hereunder. Options granted under the Plan shall be subject to the
    terms and conditions set forth in this Section 7 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and set forth in the applicable Award Agreement.

   

  (b)            Exercise Price. The Exercise Price of Class A Shares
    purchasable under an Option shall be determined by the Administrator in its sole discretion at the time of grant, but in no event shall the exercise price of an Option be less than one hundred percent (100%) of the Fair Market Value of the related
    Class A Shares on the date of grant.

   

  (c)             Option Term. The maximum term of each Option shall be fixed by
    the Administrator, but no Option shall be exercisable more than ten (10) years after the date such Option is granted. Each Option’s term is subject to earlier expiration pursuant to the applicable provisions in the Plan and the Award Agreement.

   

  (d)            Exercisability. Each Option shall be exercisable at such time
    or times and subject to such terms and conditions, including the attainment of Performance Goals, as shall be determined by the Administrator in the applicable Award Agreement. The Administrator may also provide that any Option shall be exercisable
    only in installments, and the Administrator may waive such installment exercise provisions at any time, in whole or in part, based on such factors as the Administrator may determine in its sole discretion. Notwithstanding anything to the contrary
    contained herein, an Option may not be exercised for a fraction of a Class A Share.

  
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  (e)            Method of Exercise. Options may be exercised in whole or in
    part by giving written notice of exercise to the Company specifying the number of whole Class A Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Class A Shares so purchased in cash or its equivalent, as
    determined by the Administrator. As determined by the Administrator, in its sole discretion, with respect to any Option or category of Options, payment in whole or in part may also be made (i) by means of consideration received under any cashless
    exercise procedure approved by the Administrator (including the withholding of Class A Shares otherwise issuable upon exercise), (ii) in the form of unrestricted Class A Shares already owned by the Participant which have a Fair Market Value on the date
    of surrender equal to the aggregate exercise price of the Class A Shares as to which such Option shall be exercised, (iii) any other form of consideration approved by the Administrator and permitted by applicable law or (iv) any combination of the
    foregoing.

   

  (f)            ISOs. The terms and conditions of ISOs granted hereunder shall
    be subject to the provisions of Section 422 of the Code and the terms, conditions, limitations and administrative procedures established by the Administrator from time to time in accordance with the Plan. At the discretion of the Administrator, ISOs
    may be granted only to an employee of the Company, its “parent corporation” (as such term is defined in Section 424(e) of the Code) or a Subsidiary of the Company.

   

  (i)           ISO Grants to 10% Shareholders. Notwithstanding anything to
    the contrary in the Plan, if an ISO is granted to a Participant who owns shares representing more than ten percent (10%) of the voting power of all classes of shares of the Company, its “parent corporation” (as such term is defined in Section 424(e) of
    the Code) or a Subsidiary of the Company, the term of the ISO shall not exceed five (5) years from the time of grant of such ISO and the Exercise Price shall be at least one hundred and ten percent (110%) of the Fair Market Value of the Class A Shares
    on the date of grant.

   

  (ii)          $100,000 Per Year Limitation For ISOs. To the extent the
    aggregate Fair Market Value (determined on the date of grant) of the Class A Shares for which ISOs are exercisable for the first time by any Participant during any calendar year (under all plans of the Company) exceeds $100,000, such excess ISOs shall
    be treated as Nonqualified Share Options.

   

  (iii)         Disqualifying Dispositions. Each Participant awarded an ISO
    under the Plan shall notify the Company in writing immediately after the date the Participant makes a “disqualifying disposition” of any Class A Share acquired pursuant to the exercise of such ISO. A “disqualifying disposition” is any disposition
    (including any sale) of such Class A Shares before the later of (i) two years after the date of grant of the ISO and (ii) one year after the date the Participant acquired the Class A Shares by exercising the ISO. The Company may, if determined by the
    Administrator and in accordance with procedures established by it, retain possession of any Class A Shares acquired pursuant to the exercise of an ISO as agent for the applicable Participant until the end of the period described in the preceding
    sentence, subject to complying with any instructions from such Participant as to the sale of such Class A Shares.

   

  (g)           Rights as Shareholder. A Participant shall have no rights to
    dividends, dividend equivalents or distributions or any other rights of a shareholder with respect to the Class A Shares subject to an Option until the Participant has given written notice of the exercise thereof, has paid in full for such Class A
    Shares and has satisfied the requirements of Section 17 hereof.

  
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  (h)           Termination of Employment or Service. In the event of the
    termination of employment or service with the Company and all Affiliates thereof of a Participant who has been granted one or more Options, such Options shall be exercisable at such time or times and subject to such terms and conditions as set forth in
    the Award Agreement.

   

  (i)            Other Change in Employment or Service Status. An Option shall
    be affected, both with regard to vesting schedule and termination, by leaves of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability or other changes in the employment status
    or service status of a Participant, in the discretion of the Administrator.

   

  Section 8.              Share Appreciation Rights.

   

  (a)            General. Share Appreciation Rights may be granted either alone
    (“Free Standing Rights”) or in conjunction with all or part of any Option granted under the Plan (“Related Rights”). Related Rights may be granted either at
    or after the time of the grant of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time or times at which, grants of Share Appreciation Rights shall be made, the number of Class A Shares to be awarded, the Base
    Price, and all other conditions of Share Appreciation Rights. Notwithstanding the foregoing, no Related Right may be granted for more Class A Shares than are subject to the Option to which it relates. The provisions of Share Appreciation Rights need
    not be the same with respect to each Participant. Share Appreciation Rights granted under the Plan shall be subject to the following terms and conditions set forth in this Section 8 and shall contain such additional terms and conditions, not
    inconsistent with the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award Agreement.

   

  (b)           Base Price. Each Share Appreciation Right shall be granted with
    a base price that is not less than one hundred percent (100%) of the Fair Market Value of the related Class A Shares on the date of grant (such amount, the “Base Price”).

   

  (c)            Rights as Shareholder. A Participant shall have no rights to
    dividends, dividend equivalents or any other rights of a shareholder with respect to the Class A Shares, if any, subject to a Share Appreciation Right until the Participant has given written notice of the exercise thereof and has satisfied the
    requirements of Section 17 hereof.

   

  (d)           Exercisability.

   

  (1)           Share Appreciation Rights that are Free Standing Rights shall be
    exercisable at such time or times and subject to such terms and conditions as shall be determined by the Administrator in the applicable Award Agreement.

   

  (2)           Share Appreciation Rights that are Related Rights shall be
    exercisable only at such time or times and to the extent that the Options to which they relate shall be exercisable in accordance with the provisions of Section 7 hereof and this Section 8.

  
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  (e)            Consideration Upon Exercise.

   

  (1)           Upon the exercise of a Free Standing Right, the Participant shall be
    entitled to receive up to, but not more than, that number of Class A Shares equal in value to (i) the excess of the Fair Market Value of a Class A Share as of the date of exercise over the Base Price per Class A Share specified in the Free Standing
    Right, multiplied by (ii) the number of Class A Shares in respect of which the Free Standing Right is being exercised.

   

  (2)           A Related Right may be exercised by a Participant by surrendering the
    applicable portion of the related Option. Upon such exercise and surrender, the Participant shall be entitled to receive up to, but not more than, that number of Class A Shares equal in value to (i) the excess of the Fair Market Value of a Class A
    Share as of the date of exercise over the Exercise Price specified in the related Option, multiplied by (ii) the number of Class A Shares in respect of which the Related Right is being exercised. Options which have been so surrendered, in whole or in
    part, shall no longer be exercisable to the extent the Related Rights have been so exercised.

   

  (3)           Notwithstanding the foregoing, the Administrator may determine to
    settle the exercise of a Share Appreciation Right in cash (or in any combination of Class A Shares and cash).

   

  (f)            Termination of Employment or Service.

   

  (1)           In the event of the termination of employment or service with the
    Company and all Affiliates thereof of a Participant who has been granted one or more Free Standing Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as set forth in the Award Agreement.

   

  (2)           In the event of the termination of employment or service with the
    Company and all Affiliates thereof of a Participant who has been granted one or more Related Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as set forth in the related Options.

   

  (g)           Term.

   

  (1)           The term of each Free Standing Right shall be fixed by the
    Administrator, but no Free Standing Right shall be exercisable more than ten (10) years after the date such right is granted.

   

  (2)           The term of each Related Right shall be the term of the Option to
    which it relates, but no Related Right shall be exercisable more than ten (10) years after the date such right is granted.

   

  (h)            Other Change in Employment or Service Status. Share
    Appreciation Rights shall be affected, both with regard to vesting schedule and termination, by leaves of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability or other changes
    in the employment status or service status of a Participant, in the discretion of the Administrator.

  
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  Section 9.              Restricted Shares and Restricted Share Units.

   

  (a)            General. Restricted Shares and Restricted Share Units may be
    issued under the Plan. The Administrator shall determine the Eligible Recipients to whom, and the time or times at which, Restricted Shares or Restricted Share Units shall be made; the number of Class A Shares to be awarded; the price, if any, to be
    paid by the Participant for the acquisition of Restricted Shares or Restricted Share Units; the period of time prior to which Restricted Shares or Restricted Share Units become vested and free of restrictions on Transfer (the “Restricted Period”); the Performance Goals (if any); and all other conditions of the Restricted Shares and Restricted Share Units. If the restrictions, Performance Goals and/or conditions established by the Administrator are not
    attained, a Participant shall forfeit his or her Restricted Shares or Restricted Share Units, in accordance with the terms of the grant. The provisions of Restricted Shares or Restricted Share Units need not be the same with respect to each
    Participant.

   

  (b)            Awards and Certificates.

   

  (1)           Except as otherwise provided in Section 9(c) hereof, (i) each
    Participant who is granted an Award of Restricted Shares may, in the Company’s sole discretion, be issued a share certificate in respect of such Restricted Shares; and (ii) any such certificate so issued shall be registered in the name of the
    Participant, and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to any such Award. The Company may require that the share certificates, if any, evidencing Restricted Shares granted hereunder be held in
    the custody of the Company until the restrictions thereon shall have lapsed, and that, as a condition of any award of Restricted Shares, the Participant shall have delivered a transfer form, endorsed in blank, relating to the Class A Shares covered by
    such award. Certificates for unrestricted Class A Shares may, in the Company’s sole discretion, be delivered to the Participant only after the Restricted Period has expired without forfeiture in respect of such Restricted Shares.

   

  (2)           With respect to an Award of Restricted Share Units to be settled in
    Class A Shares, at the expiration of the Restricted Period, share certificates in respect of the Class A Shares underlying such Restricted Share Units may, in the Company’s sole discretion, be delivered to the Participant, or his legal representative,
    in a number equal to the number of Class A Shares underlying the Award of Restricted Share Units.

   

  (3)           Notwithstanding anything in the Plan to the contrary, any Restricted
    Shares or Restricted Share Units to be settled in Class A Shares (at the expiration of the Restricted Period) may, in the Company’s sole discretion, be issued in uncertificated form.

   

  (4)           Further, notwithstanding anything in the Plan to the contrary, with
    respect to Restricted Share Units, at the expiration of the Restricted Period, Class A Shares (either in certificated or uncertificated form) or cash, as applicable, shall promptly be issued to the Participant, unless otherwise deferred in accordance
    with procedures established by the Company in accordance with Section 409A of the Code, and such issuance or payment shall in any event be made no later than March 15th of the calendar year following the year of vesting or within such other period as
    is required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code.

  
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  (c)           Restrictions and Conditions. The Restricted Shares and
    Restricted Share Units granted pursuant to this Section 9 shall be subject to the following restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant or, subject to Section 409A of
    the Code where applicable, thereafter:

   

  (1)           Subject to Section 4(d) hereof, the Award Agreement may provide for
    the lapse of restrictions in installments and may accelerate or waive such restrictions in whole or in part based on such factors and such circumstances as set forth in the Award Agreement, including, but not limited to, the attainment of certain
    performance related goals, the Participant’s termination of employment or service with the Company or any Affiliate thereof, or the Participant’s death or Disability. Notwithstanding the foregoing, upon a Change in Control, the outstanding Awards shall
    be subject to Section 14 hereof.

   

  (2)           Except as provided in the applicable Award Agreement, the Participant
    shall generally have the rights of a shareholder of the Company with respect to Restricted Shares during the Restricted Period, including the right to vote such Class A Shares and to receive any dividends declared with respect to such Class A Shares; provided,
    however, that except as provided in the applicable Award Agreement, any dividends declared during the Restricted Period with respect to such Class A Shares shall only become payable if (and to the extent) the underlying Restricted Shares vests.
    Except as provided in the applicable Award Agreement, the Participant shall generally not have the rights of a shareholder with respect to Class A Shares subject to Restricted Share Units during the Restricted Period; provided, however,
    that, subject to Section 409A of the Code, an amount equal to any dividends declared during the Restricted Period with respect to the number of Class A Shares covered by Restricted Share Units may, to the extent set forth in an Award Agreement, be paid
    or distributed to the Participant when accrued, or at the time (and to the extent) that Class A Shares in respect of the related Restricted Share Units are delivered to the Participant.

   

  (d)           Termination of Employment or Service. The rights of Participants
    granted Restricted Shares or Restricted Share Units upon termination of employment or service with the Company and all Affiliates thereof for any reason during the Restricted Period shall be set forth in the Award Agreement.

   

  (e)           Form of Settlement. The Administrator reserves the right in its
    sole discretion to provide (either at or after the grant thereof) that any Restricted Share Unit represents the right to receive the amount of cash per unit that is determined by the Administrator in connection with the Award.

   

  Section 10.            Other Share-Based Awards.

   

  Other forms of Awards valued in whole or in part by reference to, or otherwise based on, Class A Shares, including but not limited to dividend equivalents, may be
    granted either alone or in addition to other Awards (other than in connection with Options or Share Appreciation Rights) under the Plan. Dividends or dividend equivalents awarded hereunder may be paid or distributed when accrued, or may be subject to
    the same restrictions, conditions and risks of forfeiture as the underlying Awards and only become payable if (and to the extent) the underlying Awards vest. Subject to the provisions of the Plan, the Administrator shall have sole and complete
    authority to determine the individuals to whom and the time or times at which such Other Share-Based Awards shall be granted, the number of Class A Shares to be granted pursuant to such Other Share-Based Awards, or the manner in which such Other
    Share-Based Awards shall be settled (e.g., in Class A Shares, cash or other property), or the conditions to the vesting and/or payment or settlement of such Other Share-Based Awards (which may include, but not be limited to, achievement of performance
    criteria) and all other terms and conditions of such Other Share-Based Awards.

  
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  Section 11.            Share Bonuses.

   

  In the event that the Administrator grants a Share Bonus, the Class A Shares constituting such Share Bonus shall, as determined by the Administrator, be evidenced in
    uncertificated form or by a book entry record or a certificate issued in the name of the Participant to whom such grant was made and delivered to such Participant as soon as practicable after the date on which such Share Bonus is payable.

   

  Section 12.            Cash Awards.

   

  The Administrator may grant Awards that are payable solely in cash, as deemed by the Administrator to be consistent with the purposes of the Plan, and such Cash Awards
    shall be subject to the terms, conditions, restrictions and limitations determined by the Administrator, in its sole discretion, from time to time. Cash Awards may be granted with value and payment contingent upon the achievement of Performance Goals.

   

  Section 13.            Change in Control Provisions.

   

  Unless otherwise determined by the Administrator prior to a Change in Control or evidenced in an Award Agreement, in the event that (a) a Change in Control occurs and
    (b) the Participant’s employment or service is terminated by the Company, its successor or an Affiliate thereof without Cause or by the Participant for Good Reason (if applicable) on or after the effective date of the Change in Control but prior to
    twelve (12) months following the Change in Control, then:

   

  (a)             any unvested or unexercisable portion of any Award carrying a right
    to exercise shall become fully vested and exercisable; and

   

  (b)            the restrictions, deferral limitations, payment conditions and
    forfeiture conditions applicable to an Award granted under the Plan shall lapse and such Awards shall be deemed fully vested and any performance conditions imposed with respect to such Awards shall be deemed to be fully achieved.

   

  Section 14.            Voting Proxy.

   

  The Company reserves the right to require the Participant, to the fullest extent permitted by applicable law, to appoint the Company’s Secretary (or another person at
    the request of the Administrator) as the Participant’s proxy with respect to all applicable unvested Awards of which the Participant may be the record holder of from time to time to (A) attend all meetings of the holders of the Class A Shares, with
    full power to vote and act for the Participant with respect to such Awards in the same manner and extent that the Participant might were the Participant personally present at such meetings, and (B) execute and deliver, on behalf of the Participant, any
    written consent in lieu of a meeting of the holders of the Class A Shares in the same manner and extent that the Participant might but for the proxy granted pursuant to this sentence.

  
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  Section 15.            Amendment and Termination.

   

  The Board may amend, alter or terminate the Plan, but no amendment, alteration, or termination shall be made that would impair the rights of a Participant under any
    Award theretofore granted without such Participant’s consent. Unless the Board determines otherwise, the Board shall obtain approval of the Company’s shareholders for any amendment to the Plan that would require such approval in order to satisfy any
    rules of the stock exchange on which the Class A Shares is traded or other applicable law. The Administrator may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Section 5 hereof and the immediately
    preceding sentence, no such amendment shall impair the rights of any Participant without his or her consent.

   

  Section 16.            Unfunded Status of Plan.

   

  The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant by the Company, nothing
    contained herein shall give any such Participant any rights that are greater than those of a general creditor of the Company.

   

  Section 17.            Withholding Taxes.

   

  Each Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of such Participant for purposes of
    applicable taxes, pay to the Company, or make arrangements satisfactory to the Administrator regarding payment of, an amount in respect of such taxes up to the maximum statutory rates in the Participant’s applicable jurisdiction with respect to the
    Award, as determined by the Company. The obligations of the Company under the Plan shall be conditional on the making of such payments or arrangements, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from
    any payment of any kind otherwise due to such Participant. Whenever cash is to be paid pursuant to an Award, the Company shall have the right to deduct therefrom an amount sufficient to satisfy any applicable withholding tax requirements related
    thereto as determined by the Company. Whenever Class A Shares or property other than cash are to be delivered pursuant to an Award, the Company shall have the right to (i) require the Participant to remit to the Company in cash an amount sufficient to
    satisfy any related taxes to be withheld and applied to the tax obligations as determined by the Company, (ii) withhold from delivery of Class A Shares or other property, or (iii) accept delivery of already owned unrestricted Class A Shares, in each
    case in the sole and absolute discretion of the Administrator. The Class A Shares withheld or accepted as payment for taxes must have a value not exceeding the applicable taxes to be withheld, determined based on the greatest withholding rates for
    federal, state, foreign and/or local tax purposes, including payroll taxes, that may be utilized without creating adverse accounting treatment with respect to such Award, as determined by the Company. For purposes of this Section 17, Class A
    Shares shall be valued at their Fair Market Value on the date on which the amount of tax to be withheld is determined and any fractional share amounts resulting therefrom shall be settled in cash. The Company may also use any other method of obtaining
    the necessary payment or proceeds, as permitted by law, to satisfy its withholding obligation with respect to any Award as determined by the Company.

  
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  Section 18.            Transfer of Awards.

   

  Until such time as the Awards are fully vested and/or exercisable in accordance with the Plan or an Award Agreement, no purported sale, assignment, mortgage,
    hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to do any of the foregoing (each, a “Transfer”) by any holder thereof in violation of the provisions of the Plan or an Award Agreement will be valid, except with the prior written consent of the Administrator, which consent may be granted or
    withheld in the sole discretion of the Administrator. Any purported Transfer of an Award or any economic benefit or interest therein in violation of the Plan or an Award Agreement shall be null and void ab initio, and shall not create any obligation or
    liability of the Company, and any Person purportedly acquiring any Award or any economic benefit or interest therein transferred in violation of the Plan or an Award Agreement shall not be entitled to be recognized as a holder of any Class A Shares or
    other property underlying such Award. Unless otherwise determined by the Administrator in accordance with the provisions of the immediately preceding sentence, an Option or Share Appreciation Right may be exercised, during the lifetime of the
    Participant, only by the Participant or, during any period during which the Participant is under a legal disability, by the Participant’s guardian or legal representative.

   

  Section 19.            Continued Employment or Service.

   

  Neither the adoption of the Plan nor the grant of an Award hereunder shall confer upon any Eligible Recipient any right to continued employment or service with the
    Company or any Affiliate thereof, as the case may be, nor shall it interfere in any way with the right of the Company or any Affiliate thereof to terminate the employment or service of any of its Eligible Recipients at any time.

   

  Section 20.            Effective Date.

   

  The Plan was adopted by the Board on [•], 2019, and became effective on [•], 2019 (“Effective Date”), the date on which
    the Plan was approved by the Company’s shareholders.

   

  Section 21.            Term of Plan.

   

  No Award shall be granted pursuant to the Plan on or after the tenth anniversary of the Effective Date, but Awards theretofore granted may extend beyond that date.

  
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  Section 22.            Securities Matters and Regulations.

   

  (a)             Notwithstanding anything herein to the contrary, the obligation of
    the Company to sell or deliver Class A Shares with respect to any Award granted under the Plan shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, the obtaining of all such
    approvals by governmental agencies as may be deemed necessary or appropriate by the Administrator and the listing requirements of any securities exchange on which the Class A Shares are traded. The Administrator may require, as a condition of the
    issuance and delivery of certificates evidencing Class A Shares pursuant to the terms hereof, that the recipient of such Class A Shares make such agreements and representations, and that such certificates bear such legends, as the Administrator, in its
    sole discretion, deems necessary or advisable.

   

  (b)            Each Award is subject to the requirement that, if at any time the
    Administrator determines that the listing, registration or qualification of Class A Shares issuable pursuant to the Plan is required by any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory
    body is necessary or desirable as a condition of, or in connection with, the grant of an Award or the issuance of Class A Shares, no such Award shall be granted or payment made or Class A Shares issued, in whole or in part, unless such listing,
    registration, qualification, consent or approval has been effected or obtained free of any conditions not acceptable to the Administrator.

   

  (c)             In the event that the disposition of Class A Shares acquired pursuant
    to the Plan is not covered by a then current registration statement under the Securities Act and is not otherwise exempt from such registration, such Class A Shares shall be restricted against transfer to the extent required by the Securities Act or
    regulations thereunder, and the Administrator may require a Participant receiving Class A Shares pursuant to the Plan, as a condition precedent to receipt of such Class A Shares, to represent to the Company in writing that the Class A Shares acquired
    by such Participant is acquired for investment only and not with a view to distribution.

   

  Section 23.            Notification of Election Under Section 83(b) of the Code.

   

  If any Participant shall, in connection with the acquisition of Class A Shares under the Plan, make the election permitted under Section 83(b) of the Code, such
    Participant shall notify the Company of such election within ten (10) days after filing notice of the election with the Internal Revenue Service.

   

  Section 24.            No Fractional Class A Shares.

   

  No fractional Class A Shares shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether cash, other Awards, or other property shall
    be issued or paid in lieu of such fractional Class A Shares or whether such fractional Class A Shares or any rights thereto shall be forfeited or otherwise eliminated.

   

  Section 25.            Beneficiary.

   

  A Participant may file with the Administrator a written designation of a beneficiary on such form as may be prescribed by the Administrator and may, from time to time,
    amend or revoke such designation. If no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall be deemed to be the Participant’s beneficiary.

  
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  Section 26.            Paperless Administration.

   

  In the event that the Company establishes, for itself or using the services of a third party, an automated system for the documentation, granting or exercise of
    Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Participant may be permitted through the use of such an automated system.

   

  Section 27.            Severability.

   

  If any provision of the Plan is held to be invalid or unenforceable, the other provisions of the Plan shall not be affected but shall be applied as if the invalid or
    unenforceable provision had not been included in the Plan.

   

  Section 28.            Clawback.

   

  Notwithstanding any other provisions in this Plan, any Award which is subject to recovery under any law, government regulation, stock exchange listing requirement or
    pursuant to any policy adopted by the Company, as approved by the Board, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation, stock exchange listing requirement or policy adopted by
    the Company.

   

  Section 29.            Section 409A of the Code.

   

  The Plan as well as payments and benefits under the Plan are intended to be exempt from, or to the extent subject thereto, to comply with Section 409A of the Code,
    and, accordingly, to the maximum extent permitted, the Plan shall be interpreted in accordance therewith. Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties
    under Section 409A of the Code, the Participant shall not be considered to have terminated employment or service with the Company for purposes of the Plan and no payment shall be due to the Participant under the Plan or any Award until the Participant
    would be considered to have incurred a “separation from service” from the Company and its Affiliates within the meaning of Section 409A of the Code. Any payments described in the Plan that are due within the “short term deferral period” as defined in
    Section 409A of the Code shall not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything to the contrary in the Plan, to the extent that any Awards (or any other amounts payable under any plan, program
    or arrangement of the Company or any of its Affiliates) are payable upon a separation from service and such payment would result in the imposition of any individual tax and penalty interest charges imposed under Section 409A of the Code, the settlement
    and payment of such awards (or other amounts) shall instead be made on the first business day after the date that is six (6) months following such separation from service (or death, if earlier). Each amount to be paid or benefit to be provided under
    this Plan shall be construed as a separate identified payment for purposes of Section 409A of the Code. The Company makes no representation that any or all of the payments or benefits described in this Plan will be exempt from or comply with Section
    409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. The Participant shall be solely responsible for the payment of any taxes and penalties incurred under Section 409A of the Code.

  
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  Section 30.            Governing Law.

   

  The Plan shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflicts of law of such
    state.

   

  Section 31.            Titles and Headings.

   

  The titles and headings of the sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such
    titles or headings, shall control.

   

  Section 32.            Successors.

   

  The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other
    reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company.

   

  Section 33.            Relationship to other Benefits.

   

  No payment pursuant to the Plan shall be taken into account in determining any benefits under any 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.

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