Document:

EX-10.9

 Exhibit 10.9 

SWVL HOLDINGS CORP  

2021 OMNIBUS INCENTIVE COMPENSATION PLAN 

SECTION 1. Purpose. The purpose of this 2021 Omnibus Incentive Compensation Plan (the “Plan”) is to give the Company a
competitive advantage in attracting, retaining, awarding and motivating directors, officers, employees and consultants and to provide the Company and its Affiliates with a stock plan providing incentives directly linked to shareholder value and the
opportunity to earn other incentive awards payable in cash. The Plan is intended to replace the Prior Plan, which shall be automatically terminated and replaced and superseded by the Plan on the Effective Date. Notwithstanding the foregoing, any
awards granted under the Prior Plan shall remain in effect pursuant to their terms. 
 SECTION 2. Definitions. Certain terms used
herein have definitions given to them in the first instance in which they are used. In addition, for purposes of the Plan, the following terms shall have the meanings set forth below: 

“Affiliate” means any Person Controlled by, Controlling or under common Control with, the applicable party. 

“Award” means any award that is permitted under Section 6 and granted under the Plan. 

“Applicable Exchange” means the Nasdaq Global Market or, if the Company does not qualify for such market, the Nasdaq Capital
Market or any other public stock market, exchange or quotation system on which the Shares may be listed or quoted. 
 “Award
Agreement” means any written or electronic agreement, contract or other instrument or document evidencing any Award, which may (but need not) require execution or acknowledgment by a Participant. 

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

“Business Combination Agreement” means that certain Business Combination Agreement, dated as of July 28, 2021, by and
among Swvl Inc., the Company, Pivotal Merger Sub Company I, Pivotal Merger Sub Company II and Queen’s Gambit Growth Capital. 

“Cash Incentive Award” means an Award that is settled in cash and the value of which is set by the Committee but is not
calculated by reference to the Fair Market Value of a Share. 
 “Change of Control” means the occurrence of any of the
following events: 
 (i) during any period of twelve (12) consecutive calendar months, individuals who were members of
the Board on the first day of such period (the “Incumbent Directors”) cease for any reason to constitute a majority of the members of the Board then in office; provided, however, that any individual becoming a member
of the Board subsequent to the first day of such period whose election, or nomination for election, by the Company’s shareholders was approved by a vote of at least a majority of the 

 
Incumbent Directors shall be considered as though such individual were an Incumbent Director, but excluding, for purposes of this proviso, any such individual whose initial assumption of office
occurs as a result of an actual or threatened proxy contest with respect to the election or removal of Board members or other actual or threatened solicitation of proxies or consents by or on behalf of any Person or Persons (whether or not acting in
concert) other than the Board; 
 (ii) the consummation of (A) a merger, consolidation, statutory share exchange or
similar form of transaction involving (x) the Company or (y) any of its Subsidiaries, but in the case of this clause (y) only if Company Voting Securities (as defined below) are issued or issuable, or (B) the sale or other
disposition for value (but excluding any stock dividend, spin-off, split-off or similar transaction) of all or substantially all the assets of the Company and its
Subsidiaries, taken as a whole, to an entity that is not an Affiliate (any transaction described in clause (A) or (B), a “Reorganization”), in each case, unless, immediately following such Reorganization, (1) all or
substantially all the Persons who were the “beneficial owners” (as used in Rule 13d-3 under the Exchange Act (or a successor rule thereto)) of the securities eligible to vote for the election of the
Board (“Company Voting Securities”) outstanding immediately prior to the consummation of such Reorganization continue to beneficially own, directly or indirectly, more than 50% of the combined voting power of the then outstanding
voting securities of the corporation or other entity resulting from such Reorganization (including a corporation or other entity that, as a result of such transaction, owns the Company or all or substantially all the Company’s assets either
directly or through one or more subsidiaries) (the “Continuing Company”) in substantially the same relative proportions as their ownership, immediately prior to the consummation of such Reorganization, of the outstanding Company
Voting Securities (excluding, for such purposes, any outstanding voting securities of the Continuing Company that such beneficial owners hold immediately following the consummation of the Reorganization as a result of their ownership prior to such
consummation of voting securities of any corporation or other entity involved in or forming part of such Reorganization other than the Company), (2) no Person (excluding any employee benefit plan (or related trust) sponsored or maintained by
the Continuing Company or any entity controlled by the Continuing Company) beneficially owns, directly or indirectly, 50% or more of the combined voting power of the then outstanding voting securities of the Continuing Company and (3) at least
a majority of the members of the board of directors of the Continuing Company (or equivalent governing body) were Incumbent Directors at the time of the execution of the definitive agreement providing for such Reorganization or, in the absence of
such an agreement, at the time at which approval of the Board was obtained for such Reorganization; 
 (iii) the shareholders
of the Company approve a plan of complete liquidation or dissolution of the Company unless such liquidation or dissolution is part of a transaction or series of transactions described in subparagraph (ii) above that does not otherwise
constitute a Change of Control; or 

  
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 (iv) any Person becomes the beneficial owner, directly or indirectly, of
securities of the Company representing 50% or more of the combined voting power of the Company Voting Securities; provided, however, that for purposes of this subparagraph (iv), the following acquisitions shall not constitute a Change
of Control: (w) any acquisition by, or directly from, the Company, (x) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or an Affiliate, (y) any acquisition by an underwriter
temporarily holding such Company Voting Securities pursuant to an offering of such securities or any acquisition by a pledgee of Company Voting Securities holding such securities as collateral or temporarily holding such securities upon foreclosure
of the underlying obligation or (z) any acquisition pursuant to a Reorganization that does not constitute a Change of Control for purposes of subparagraph (ii) above.  

“Closing” means the closing of the transactions contemplated by the Business Combination Agreement. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto, and the
regulations promulgated thereunder. 
 “Committee” means the Compensation Committee of the Board or a subcommittee thereof,
or such other committee of the Board as may be designated by the Board to administer the Plan. 
 “Company” means Swvl
Holdings Corp, a business company limited by shares incorporated under the laws of the British Virgin Islands, together with any successor thereto. 

“Company Closing Fully-Diluted Share Capital” means the Company’s share capital as of immediately following the Closing,
consisting of the sum of (a) the Shares issued and outstanding immediately following the Closing, (b) Shares that may be acquired pursuant to the exercise of Holdings Warrants outstanding immediately following the Closing, (c) Shares
that may be acquired pursuant to the exercise of Exchanged Options outstanding immediately following the Closing, (d) Earnout Shares that may be issued upon satisfaction of the conditions set forth in the Business Combination Agreement and
(e) Earnout RSUs outstanding immediately following the Closing. Holdings Warrants, Exchanged Options, Earnout Shares and Earnout RSUs shall have the meanings assigned to such terms in the Business Combination Agreement.  
 “Control” means the direct or indirect possession of the power to
direct or cause the direction of the management or policies of a Person, whether through ownership of voting securities, by contract or otherwise (and Controlled and Controlling shall be construed accordingly). 

“Deferred Share Unit” means a deferred share unit Award that represents an unfunded, unsecured and vested promise to deliver
Shares in accordance with the terms of the applicable Award Agreement. 
 “Exchange Act” means the U.S. Securities Exchange
Act of 1934, as amended from time to time, or any successor statute thereto, and the regulations promulgated thereunder. 

  
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 “Exercise Price” means (a) in the case of each Option, the price
specified in the applicable Award Agreement as the price-per-Share at which Shares may be purchased pursuant to such Option or (b) in the case of each SAR, the
price specified in the applicable Award Agreement as the reference price-per-Share used to calculate the amount payable to the Participant pursuant to such SAR. 

“Fair Market Value” means, except as otherwise provided in the applicable Award Agreement or determined by the Committee,
(a) with respect to any 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, and (b) with respect to Shares, as of any date,
(i) either (A) the closing per-share sales price of Shares as reported by the Applicable Exchange for such stock exchange for such date or if there were no sales on such date, on the closest
preceding date on which there were sales of Shares, or (B) any other price or prices (including a mean of such prices of Shares as reported on the Applicable Exchange as determined by the Committee in its discretion, provided that, in
the case of Options and SARs, to the extent necessary to avoid the imposition of any taxes of penalties pursuant to Section 409A of the Code, such determination shall be in accordance with
Section 1.409A-1(b)(5)(iv) of the Treasury Regulations, or (ii) in the event there shall be no public market for the Shares on such date, the fair market value of the Shares as determined in good
faith by the Committee. 
 “Incentive Stock Option” means an option to purchase Shares from the Company that is intended to
qualify for special U.S. Federal income tax treatment pursuant to Sections 421 and 422 of the Code, as now constituted or subsequently amended, or pursuant to a successor provision of the Code, and which is so designated in the applicable Award
Agreement. 
 “Independent Director” means a member of the Board who is neither an employee of the Company nor an
employee of any of its Affiliates. 
 “Individual Agreement” means a written employment, retention, consulting or similar
agreement between a Participant and the Company or one of its Subsidiaries or Affiliates. 
 “Nonqualified Stock Option”
means an option to purchase Shares from the Company that is not an Incentive Stock Option. 
 “Option” means an Incentive
Stock Option or a Nonqualified Stock Option or both, as the context requires. 
 “Option Repricing” means, with respect to
any Option or SAR, (i) an amendment to decrease the Exercise Price thereof, (ii) a cancellation at a time when the Exercise Price thereof exceeds the Fair Market Value of a Share in exchange for another Option or SAR or other Award, any
award under any other equity-compensation plan or any cash payment or (iii) any other action that would be treated as a “repricing” that would be prohibited by any rules, regulations or listing requirements of the Applicable Exchange,
to the extent that such rules, regulations or listing requirements were applicable to the Company.    For the avoidance of doubt, an adjustment to the Exercise Price of an Option or SAR that is made in accordance with
Section 4(b) or Section 8 of the Plan shall not constitute an Option Repricing. 

  
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 “Participant” means any director, officer, employee or consultant
(including any prospective director, officer, employee or consultant) of the Company or its Affiliates who is eligible for an Award under Section 5 of the Plan and who is selected by the Committee to receive an Award under the Plan or who
receives a Substitute Award pursuant to Section 4(c) of the Plan. 
 “Person” means an individual or any corporation,
partnership, limited liability company, trust, unincorporated organization, association, joint venture or any other organization or entity, whether or not a legal entity. 

“Prior Plan” means the Swvl Inc. 2019 Share Option Plan, as may be amended from time to time. 

“Restricted Share” means a Share that is subject to transfer restrictions, forfeiture provisions and/or other terms and
conditions specified herein and in the applicable Award Agreement. 
 “RSU” means a restricted stock unit Award that
represents an unfunded and unsecured promise to deliver Shares, cash, other securities, other Awards or other property upon the satisfaction of applicable vesting or similar conditions in accordance with the terms of the applicable Award Agreement.

 “SAR” means a stock appreciation right Award that represents an unfunded and unsecured promise to deliver Shares, cash,
other securities, other Awards or other property equal in value to the excess, if any, of the Fair Market Value per Share over the Exercise Price per Share of the SAR, subject to the terms of the applicable Award Agreement. 

“SEC” means the Securities and Exchange Commission or any successor thereto and shall include the staff thereof. 

“Shares” means the Company’s Class A ordinary shares of par value US$0.0001 per share, or such other securities of
the Company (a) into which such shares shall be changed by reason of a recapitalization, merger, consolidation, split-up, combination, exchange of shares or other similar transaction or (b) as may be
determined by the Committee pursuant to Section 4(b) of the Plan. 
 “Subsidiary” means, with respect to any Person
and as of any determination date, any other Person as to which such first Person (i) owns, directly or indirectly, or otherwise controls, more than fifth percent (50%) of the voting power or other similar interests of such other Person, or
(ii) is the sole general partner interest, or managing member or similar interest, of such other Person. 
 “Treasury
Regulations” means all proposed, temporary and final regulations promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations). 

SECTION 3. Administration. (a) Composition of the Committee. The Board hereby delegates to the Committee all its authority
and responsibilities with respect to the Plan. The Committee shall be composed of one or more directors, as determined by the Board. 

  
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 (b) Authority of the Committee. Subject to the terms of the Plan and applicable law,
and in addition to the other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have sole and plenary authority to administer the Plan, including the authority to (i) designate Participants,
(ii) determine the type or types of Awards to be granted to a Participant and all the terms and conditions thereof, (iii) interpret, administer, reconcile any inconsistency in, correct any fault in or supply any omission in, the Plan, any
Award Agreement or any other instrument or agreement relating to, or Award made under, the Plan, (iv) 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, (v) accelerate the vesting or exercisability of, payment for or lapse of restrictions on, Awards, and (vi) make any other determination and take any other action that the Committee deems necessary or desirable
for the administration of the Plan or any Award. 
 (c) Committee Decisions. Unless otherwise expressly provided in the Plan, all
designations, determinations, interpretations and other decisions under or with respect to the Plan or any Award shall be within the sole and plenary discretion of the Committee, may be made at any time and shall be final, conclusive and binding
upon all Persons, including the Company, any Affiliate, any Participant, any holder or beneficiary of any Award and any shareholder. 
 (d)
Indemnification. No member of the Board, the Committee or any employee of the Company (each such person, a “Covered Person”) shall be liable for any action taken or omitted to be taken or any determination made in good faith
with respect to the Plan or any Award. Each Covered Person shall, to the fullest extent permitted under applicable law, be indemnified and held harmless by the Company from and against (i) any loss, cost, liability or expense (including
attorneys’ fees) that may be imposed upon or incurred by such Covered Person in connection with or resulting from any action, suit or proceeding to which such Covered Person may be a party or in which such Covered Person may be involved by
reason of any action taken or omitted to be taken under the Plan or any Award Agreement and (ii) any and all amounts paid by such Covered Person, with the Company’s approval, in settlement thereof, or paid by such Covered Person in
satisfaction of any judgment in any such action, suit or proceeding against such Covered Person; provided that the Company shall have the right, at its own expense, to assume and defend any such action, suit or proceeding, and, once the
Company gives notice of its intent to assume the defense, the Company shall have sole control over such defense with counsel of the Company’s choice. The foregoing right of indemnification shall not be available to a Covered Person to the
extent that a court of competent jurisdiction in a final judgment or other final adjudication, in either case not subject to further appeal, determines that the acts or omissions of such Covered Person giving rise to the indemnification claim
resulted from such Covered Person’s bad faith, fraud or willful criminal act or omission or that such right of indemnification is otherwise prohibited by law or by the Company’s memorandum and articles of association, in each case, as may
be amended from time to time. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which Covered Persons may be entitled under the Company’s memorandum and articles of association, as a matter
of law, or otherwise, or any other power that the Company may have to indemnify such persons or hold them harmless. 

  
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 (e) Delegation of Authority to Senior Officers. The Committee may delegate, on such
terms and conditions as it determines, to one or more officers of the Company the authority to make grants of Awards to officers, employees and consultants of the Company and its Affiliates (including any prospective officer, employee or consultant)
and all necessary and appropriate decisions and determinations with respect thereto. 
 (f) Awards to Independent Directors.
Notwithstanding anything to the contrary contained herein, the Board may, in its sole and plenary discretion, at any time and from time to time, grant Awards to Independent Directors or administer the Plan with respect to such Awards. In any such
case, the Board shall have all the authority and responsibility granted to the Committee herein. 
 SECTION 4. Shares Available for
Awards. (a) Plan Share Limits. (i) Subject to adjustment as provided herein, the maximum aggregate number of Shares that may be delivered pursuant to Awards granted under the Plan shall initially be equal to (A) a number of
Shares equal to ten percent (10%) of the Company Closing Fully-Diluted Share Capital plus (B) the number of Shares underlying awards under the Prior Plan that on or after the Effective Date expire or become unexercisable, or are forfeited,
cancelled or otherwise terminated, in each case, without delivery of Shares or cash therefor, and would have become available again for grant under the Prior Plan in accordance with their respective terms (the number of Shares under clauses
(A) and (B), collectively, the “Plan Share Limit”). The Plan Share Limit will increase annually on the first day of each fiscal year after the Effective Date by the number of Shares equal to the lesser of (x) five percent
(5%) of the total outstanding Shares on the last day of the prior fiscal year or (y) such lesser amount determined by the Board. Subject to adjustment as provided herein, the maximum aggregate number of Shares available for grants of Incentive
Stock Options shall be equal to 2,000,000 (the “Plan ISO Limit”). 
 (ii) Each Share with respect to which an Award is
granted under the Plan shall reduce the Plan Share Limit (and, if applicable, Plan ISO Limit) by one (1) Share. Upon exercise of a stock-settled SAR, the Plan Share Limit shall be reduced by the actual number of Shares delivered upon settlement
of such stock-settled SAR. Awards that are required to be settled in cash will not reduce the Plan Share Limit. 
 (iii) If any Award is
(A) forfeited, or otherwise expires, terminates or is canceled without the delivery of all Shares subject thereto, or (B) is settled other than wholly by delivery of Shares (including cash settlement), then, in the case of clauses
(A) and (B), the number of Shares subject to such Award that were not issued with respect to such Award will not be treated as issued for purposes of reducing the Plan Share Limit. If Shares issued upon exercise, vesting or settlement of an
Award are, or Shares owned by a Participant are, surrendered or tendered to the Company in payment of the Exercise Price of an Award or any taxes required to be withheld in respect of an Award, in each case, in accordance with the terms and
conditions of the Plan and any applicable Award Agreement, such surrendered, tendered or withheld Shares shall again become available to be delivered pursuant to Awards under the Plan; provided, however, that in no event shall such
Shares increase the Plan ISO Limit. 
 (b) Adjustments for Changes in Capitalization and Similar Events. (i) In the event of any
extraordinary dividend or other extraordinary distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, rights offering, share division or combination, stock split, reverse stock split, split-up or spin-off, the Committee shall equitably 

  
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adjust any or all of (A) the number of Shares or other securities of the Company (or number and kind of other securities or property) with respect to which Awards may be granted, including
(1) Plan Share Limit and (2) the Plan ISO Limit, and (B) the terms of any outstanding Award, including (1) the number of Shares or other securities of the Company (or number and kind of other securities or property) subject to
outstanding Awards or to which outstanding Awards relate and (2) the Exercise Price, if applicable, with respect to any Award; provided, however, that the Committee shall determine the method and manner in which to effect such
equitable adjustment. 
 (ii) In the event that the Committee determines that any reorganization, merger, consolidation, combination,
repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event affects the Shares (including any Change
of Control) such that an adjustment is determined by the Committee in its discretion to be appropriate or desirable, then the Committee may (A) in such manner as it may deem appropriate or desirable, equitably adjust any or all of (1) the
number of Shares or other securities of the Company (or number and kind of other securities or property) with respect to which Awards may be granted, including (X) the Plan Share Limit and (Y) the Plan ISO Limit, and (2) the terms of
any outstanding Award, including (X) the number of Shares or other securities of the Company (or number and kind of other securities or property) subject to outstanding Awards or to which outstanding Awards relate and (Y) the Exercise
Price, if applicable, with respect to any Award, (B) if deemed appropriate or desirable by the Committee, make provision for a cash payment to the holder of an outstanding Award in consideration for the cancelation of such Award, including, in
the case of an outstanding Option or SAR, a cash payment to the holder of such Option or SAR in consideration for the cancelation of such Option or SAR in an amount equal to the excess, if any, of the Fair Market Value (as of a date specified by the
Committee) of the Shares subject to such Option or SAR over the aggregate Exercise Price of such Option or SAR and (C) if deemed appropriate or desirable by the Committee, cancel and terminate any Option or SAR having a per-Share Exercise Price equal to, or in excess of, the Fair Market Value of a Share subject to such Option or SAR without any payment or consideration therefor. 

(c) Substitute Awards. Awards may, in the discretion of the Committee, be granted under the Plan in assumption of, or in substitution
for, outstanding awards previously granted by the Company or any of its Affiliates or a company acquired by the Company or any of its Affiliates or with which the Company or any of its Affiliates combines (“Substitute Awards”);
provided, however, that in no event may any Substitute Award be granted in a manner that would violate the prohibitions on repricing of Options and SARs, as set forth in clauses (i), (ii) or (iii) of Section 7(b) of the Plan.
The number of Shares underlying any Substitute Awards shall be counted against the Plan Share Limit; provided, however, that Substitute Awards issued in connection with the assumption of, or in substitution for, outstanding awards
previously granted by an entity that is acquired by the Company or any of its Affiliates or with which the Company or any of its Affiliates combines shall not be counted against the Plan Share Limit; provided further, however,
that Substitute Awards issued in connection with the assumption of, or in substitution for, outstanding stock options intended to qualify for special tax treatment under Sections 421 and 422 of the Code that were previously granted by an entity that
is acquired by the Company or any of its Affiliates or with which the Company or any of its Affiliates combines shall be counted against the maximum aggregate number of Shares available for Incentive Stock Options under the Plan. 

  
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 SECTION 5. Eligibility. Any director, officer, employee or consultant (including any
prospective director, officer, employee or consultant) of the Company or any of its Affiliates shall be eligible to be designated a Participant. 

SECTION 6. Awards. (a) General. 

(i) Types of Awards. Awards may be made under the Plan in the form of (i) Options, (ii) SARs, (iii) Restricted Shares,
(iv) RSUs, (v) other equity based or equity related Awards that the Committee determines are consistent with the purpose of the Plan and the interests of the Company or (v) Cash Incentive Awards. 

(ii) Dividends on Awards. An Award (other than an Option, SAR or Cash Incentive Award) may provide the Participant with dividends or
dividend equivalents with respect to the Shares underlying such Award, payable in cash, Shares or other property, on a current or deferred basis; provided, however, that no such dividends or dividend equivalents on any Share underlying
an Award may be payable prior to the vesting of the portion of such Award applicable to such Share and such dividend or dividend equivalents shall be forfeited in the event such portion of such Award is forfeited. 

(b) Options. (i) Incentive Stock Options. In the case of Incentive Stock Options, the terms and conditions of such grants
shall be subject to and comply with such rules as may be prescribed by Section 422 of the Code and any regulations related thereto, as may be amended from time to time. No Incentive Stock Option (other than an Incentive Stock Option that may be
assumed or issued by the Company in connection with a transaction to which Section 424(a) of the Code applies) may be granted to a person who is ineligible to receive an Incentive Stock Option under the Code. Each Option granted under the Plan
shall be a Nonqualified Stock Option unless the applicable Award Agreement expressly states that the Option is intended to be an Incentive Stock Option. If an Option is intended to be an Incentive Stock Option, and if, for any reason, such Option
(or any portion thereof) shall not qualify as an Incentive Stock Option, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a Nonqualified Stock Option appropriately granted under the Plan;
provided, that such Option (or portion thereof) otherwise complies with the Plan’s requirements relating to Nonqualified Stock Options. 

(ii) Exercise Price. The Exercise Price of each Share covered by each Option shall be not less than 100% of the Fair Market Value of
such Share (determined as of the date of grant designated by the Committee); provided, however, that in the case of each Incentive Stock Option granted to an employee who, at the time of the grant of such Option, owns stock
representing more than 10% of the voting power of all classes of stock of the Company or any Affiliate, the per-Share Exercise Price shall be no less than 110% of the Fair Market Value per Share on the date of
the grant. 

  
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 (iii) Vesting and Exercise. Each Option shall be vested and exercisable at such
times, in such manner and subject to such terms and conditions as the Committee may specify in the applicable Award Agreement or otherwise. 

(iv) Payment. No Shares shall be delivered pursuant to any exercise of an Option until payment in full of the aggregate Exercise Price
therefor is received by the Company. Such payments may be made in cash (or its equivalent) or, in the Committee’s discretion, (1) by attestation or exchanging Shares owned by the Participant (which are not the subject of any pledge or
other security interest), (2) through delivery of irrevocable instructions to a broker to sell the Shares otherwise deliverable upon the exercise of the Option and to deliver cash promptly to the Company, (3) by having the Company withhold
Shares from the Shares otherwise issuable pursuant to the exercise of the Option (for the avoidance of doubt, the Shares withheld shall be counted against the maximum number of Shares that may be delivered pursuant to the Awards granted under the
Plan as provided in Section 4(a) of the Plan or (4) through any other method (or combination of methods) as approved by the Committee. 

(v) Expiration. Except as otherwise set forth in the applicable Award Agreement or as otherwise determined by the Committee in its
discretion, each Option shall expire immediately, without any payment, upon the earlier of (A) the tenth anniversary of the date the Option is granted and (B) three months after the date the Participant who is holding the Option ceases to
be a director, officer, employee or consultant of the Company or one of its Affiliates. In no event may an Option be exercisable after the tenth anniversary of the date the Option is granted. 

(c) SARs. 
 (i)
Exercise Price. The Exercise Price of each Share covered by a SAR shall be not less than 100% of the Fair Market Value of such Share (determined as of the date of grant designated by the Committee). 

(ii) Vesting and Exercise. Each SAR shall entitle the Participant to receive an amount upon exercise equal to the excess, if any, of
the Fair Market Value of a Share on the date of exercise of the SAR over the Exercise Price thereof. The Committee shall determine whether a SAR shall be settled in cash, Shares, other securities, other Awards, other property or a combination of any
of the foregoing. Each SAR shall be vested and exercisable at such time, in such manner and subject to such terms and conditions as the Committee may, in its discretion, specify in the applicable Award Agreement or otherwise. 

(iii) Expiration. Except as otherwise set forth in the applicable Award Agreement or as otherwise determined by the Committee in its
discretion, each SAR shall expire immediately, without any payment, upon the earlier of (A) the tenth anniversary of the date the SAR is granted and (B) three months after the date the Participant who is holding the Option ceases to be a
director, officer, employee or consultant of the Company or one of its Affiliates. In no event may any SAR be exercisable after the tenth anniversary of the date the SAR is granted. 

  
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 (d) Restricted Shares and RSUs. 

(i) Restricted Shares. Restricted Shares may not be sold, assigned, transferred, pledged or otherwise encumbered except as provided in
the Plan or as may be provided in the applicable Award Agreement. Each Restricted Share may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Shares are registered in the name of the applicable
Participant, such certificates shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Shares, and the Company may, at its discretion, retain physical possession of such certificates until
such time as all applicable restrictions lapse. 
 (ii) RSUs. Each RSU shall be granted with respect to a specified number of Shares
(or a number of Shares determined pursuant to a specified formula) or shall have a value equal to the Fair Market Value of a specified number of Shares (or a number of Shares determined pursuant to a specified formula). RSUs shall be paid in cash,
Shares, other securities, other Awards or other property, as determined by the Committee, upon the lapse of restrictions applicable thereto, or otherwise in accordance with the applicable Award Agreement. 

(e) Other Stock-Based Awards. Subject to the provisions of the Plan, the Committee shall have the authority to grant to Participants
other equity-based or equity-related Awards (including Deferred Share Units and fully vested Shares) (whether payable in cash, equity or otherwise) in such amounts and subject to such terms and conditions as the Committee shall determine. 

(f) Cash Incentive Awards. Each Cash Incentive Award shall have an initial value that is established by the Committee at the time of
grant. The Committee shall set one or more performance goals or other payment conditions in its discretion, which, depending on the extent to which they are met during a specified performance period, shall determine the amount and/or value of the
Cash Incentive Award that shall be paid to the Participant. 
 SECTION 7. Amendment and Termination. (a) Amendments to the
Plan. Subject to any applicable law or government regulation and to the rules of the Applicable Exchange, the Plan may be amended, modified or terminated by the Board without the approval of the shareholders of the Company, except that
shareholder approval shall be required for any amendment that would (i) increase either the Plan Share Limit or the Plan ISO Limit (except for any increase pursuant to Section 4(b) or Section 8 of the Plan), provided, that an
adjustment under Section 4(b) of the Plan shall not constitute an increase for purposes of this clause (i), (ii) materially expand the class of employees or other individuals eligible to participate in the Plan or (iii) result in an Option
Repricing. No amendment, modification or termination of the Plan may, without the consent of the Participant to whom any Award shall theretofor have been granted, materially and adversely affect the rights of such Participant (or his or her
transferee) under such Award, without such Participant’s written consent, except that, unless otherwise provided in any applicable Award Agreement or Individual Agreement, such an amendment may be made in order to comply with applicable law,
tax rules, stock exchange rules or accounting rules. 
 (b) Amendments to Awards. The Committee may waive any conditions or rights
under, amend any terms of, or alter, suspend, discontinue, cancel or terminate any Award theretofor granted, prospectively or retroactively; provided, however, that, except as set forth in the Plan, unless otherwise provided in the
applicable Award Agreement, any such waiver, 

  
 11 

 
amendment, alteration, suspension, discontinuance, cancelation or termination that would materially and adversely impair the rights of any Participant or any holder or beneficiary of any Award
theretofor granted shall not to that extent be effective without the written consent of the applicable Participant, holder or beneficiary, except that, unless otherwise provided in any applicable Award Agreement or Individual Agreement, such an
amendment may be made in order to cause the Plan or Award to comply with applicable law, tax rules, stock exchange rules or accounting rules. 

(c) Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Committee is hereby
authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including the events described in Section 4(b) of the Plan or the occurrence of a Change of
Control) affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in applicable rules, rulings, regulations or other requirements of any governmental body or securities exchange, accounting
principles or law (i) whenever the Committee, in its sole and plenary discretion, determines that such adjustments are appropriate or desirable, including providing for a substitution or assumption of Awards, accelerating the exercisability of,
lapse of restrictions on, or termination of, Awards or providing for a period of time for exercise prior to the occurrence of such event, (ii) if deemed appropriate or desirable by the Committee, in its sole and plenary discretion, by providing
for a cash payment to the holder of an Award in consideration for the cancelation of such Award, including, in the case of an outstanding Option or SAR, a cash payment to the holder of such Option or SAR in consideration for the cancelation of such
Option or SAR in an amount equal to the excess, if any, of the Fair Market Value (as of a date specified by the Committee) of the Shares subject to such Option or SAR over the aggregate Exercise Price of such Option or SAR and (iii) if deemed
appropriate or desirable by the Committee, in its sole and plenary discretion, by canceling and terminating any Option or SAR having a per-Share Exercise Price equal to, or in excess of, the Fair Market Value
of a Share subject to such Option or SAR without any payment or consideration therefor. 
 SECTION 8. Change of Control. Unless
otherwise provided in the applicable Award Agreement, in the event of a Change of Control after the date of the adoption of the Plan, unless provision is made in connection with the Change of Control for (a) assumption of Awards previously
granted, (b) substitution for such Awards of new awards covering stock of a successor corporation or its “parent corporation” (as defined in Section 424(e) of the Code) or “subsidiary corporation” (as defined in
Section 424(f) of the Code) with appropriate adjustments as to the number and kinds of shares and the Exercise Prices, if applicable, or (c) outstanding Awards to remain outstanding subject to their terms as in effect immediately prior to
the Change of Control, (i) any outstanding Options or SARs then held by Participants that are unexercisable or otherwise unvested shall automatically be deemed exercisable or otherwise vested, as the case may be, as of immediately prior to such
Change of Control, (ii) all Awards subject to unsatisfied performance-based vesting criteria shall automatically vest as of immediately prior to such Change of Control as if the date of the Change of Control were the last day of the applicable
performance period and “target” performance levels had been attained and shall be paid out as soon as practicable following such Change of Control, and (iii) all other outstanding Awards (i.e., other than Options, SARs and
Awards subject to unsatisfied performance-based vesting criteria) then held by Participants that are unexercisable, unvested or still subject to restrictions or forfeiture, shall automatically be deemed exercisable and vested and all restrictions
and forfeiture provisions related thereto shall lapse as of immediately prior to such Change of Control and shall be paid out as soon as practicable following such Change of Control. 

  
 12 

 SECTION 9. General Provisions. (a) Nontransferability. Except as
otherwise specified in the applicable Award Agreement, during the Participant’s lifetime, each Award (and any rights and obligations thereunder) shall be exercisable only by the Participant, or, if permissible under applicable law, by the
Participant’s legal guardian or representative, and no Award (or any rights and obligations thereunder) may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant otherwise than by will or by the
laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided, that (i) the
designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance and (ii) the Board or the Committee may permit further transferability, on a general or specific basis, and may
impose conditions and limitations on any permitted transferability; provided, however, that Incentive Stock Options shall not be transferable in any way that would violate
Section 1.422-2(a)(2) of the Treasury Regulations and in no event may any Award (or any rights and obligations thereunder) be transferred in any way in exchange for value. All terms and conditions of the
Plan and all Award Agreements shall be binding upon any permitted successors and assigns. 
 (b) No Rights to Awards. No Participant
or other Person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations
and interpretations with respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not such Participants are similarly situated. 

(c) Share Certificates. All certificates for Shares or other securities of the Company or any Affiliate 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, the applicable Award Agreement or the rules, regulations and other requirements of
the SEC, the Applicable Exchange and any applicable Federal, state or foreign laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. Notwithstanding any other
provision of the Plan, unless otherwise determined by the Committee or required by any applicable law, the Company shall not deliver to any Participant certificates evidencing Shares issues in connection with any Award and instead such Shares shall
be recorded in the books of the Company (or, as applicable, its transfer agent or stock plan administrator). 
 (d) Withholding. (i)
Authority to Withhold. A Participant may be required to pay to the Company or any Affiliate, and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any Award, from 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 securities, other Awards or other property) of any applicable withholding taxes in respect of an Award, its
exercise or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such taxes. 

  
 13 

 (ii) Alternative Ways to Satisfy Withholding Liability. Without limiting the
generality of Section 9(d)(i) of the Plan, subject to the Committee’s discretion, a Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares owned by the Participant (which are not subject to
any pledge or other security interest) having a Fair Market Value equal to such withholding liability or by having the Company withhold from the number of Shares otherwise issuable pursuant to the exercise of the Option or SAR, or the lapse of the
restrictions on any other Award (in the case of SARs and other Awards, if such SARs and other Awards are settled in Shares), a number of Shares having a Fair Market Value equal to such withholding liability. 

(e) Section 409A. (i) The terms of this Section 9(e) shall apply solely to the extent that any compensation or
benefits payable to Executive is subject to U.S. Federal income taxes. It is intended that the provisions of the Plan comply with Section 409A of the Code, and all provisions of the Plan shall be construed and interpreted in a manner consistent
with the requirements for avoiding taxes or penalties under Section 409A of the Code. 
 (ii) No Participant or the creditors or
beneficiaries of a Participant shall have the right to subject any deferred compensation (within the meaning of Section 409A of the Code) payable under the Plan to any anticipation, alienation, sale, transfer, assignment, pledge, encumbrance,
attachment or garnishment. Except as permitted under Section 409A of the Code, any deferred compensation (within the meaning of Section 409A of the Code) payable to any Participant or for the benefit of any Participant under the Plan may
not be reduced by, or offset against, any amount owing by any such Participant to the Company or any of its Affiliates. 
 (iii) If, at the
time of a Participant’s separation from service (within the meaning of Section 409A of the Code), (A) such Participant shall be a specified employee (within the meaning of Section 409A of the Code and using the identification
methodology selected by the Company from time to time) and (B) the Company shall make a good faith determination that an amount payable pursuant to an Award constitutes deferred compensation (within the meaning of Section 409A of the Code)
the payment of which is required to be delayed pursuant to the six-month delay rule set forth in Section 409A of the Code in order to avoid taxes or penalties under Section 409A of the Code, then the
Company shall not pay such amount on the otherwise scheduled payment date but shall instead pay it on the first business day after such six-month period. Such amount shall be paid without interest, unless
otherwise determined by the Committee, in its sole discretion, or as otherwise provided in any applicable employment agreement between the Company and the relevant Participant. 

(iv) Notwithstanding any provision of the Plan to the contrary, in light of the uncertainty with respect to the proper application of
Section 409A of the Code, the Company reserves the right to make amendments to any Award as the Company deems necessary or desirable to avoid the imposition of taxes or penalties under Section 409A of the Code. In any case, a Participant
shall be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on such Participant or for such Participant’s account in connection with an Award (including any taxes and penalties under
Section 409A of the Code), and neither the Company nor any of its Affiliates shall have any obligation to indemnify or otherwise hold such Participant harmless from any or all of such taxes or penalties. 

  
 14 

 (f) Award Agreements. Each Award hereunder shall be evidenced by an Award Agreement,
which shall be delivered to the Participant and shall specify the terms and conditions of the Award and any rules applicable thereto, including the effect on such Award of the death, disability or termination of employment or service of a
Participant and the effect, if any, of such other events as may be determined by the Committee. 
 (g) No Limit on Other Compensation
Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting or continuing in effect other compensation arrangements, which may, but need not, provide for the grant of options, restricted stock, shares,
other types of equity-based awards (subject to shareholder approval if such approval is required) and cash incentive awards, and such arrangements may be either generally applicable or applicable only in specific cases. 

(h) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained as a
director, officer, employee or consultant of or to the Company or any Affiliate, nor shall it be construed as giving a Participant any rights to continued service on the Board. Further, the Company or an Affiliate may at any time dismiss a
Participant from employment or discontinue any directorship or consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement. 

(i) No Rights as Shareholder. No Participant or holder or beneficiary of any Award shall have any rights as a shareholder with respect
to any Shares to be distributed under the Plan until he or she has become the holder of such Shares. In connection with each grant of Restricted Shares, except as provided in the applicable Award Agreement, the Participant shall be entitled to the
rights of a shareholder (including the right to vote) in respect of such Restricted Shares. Except as otherwise provided in Section 4(b) of the Plan, Section 7(c) of the Plan or the applicable Award Agreement, no adjustments shall be made
for dividends or distributions on (whether ordinary or extraordinary, and whether in cash, Shares, other securities or other property), or other events relating to, Shares subject to an Award for which the record date is prior to the date such
Shares are delivered. 
 (j) Governing Law. Except as otherwise required by applicable law, the validity, construction and effect of
the Plan and any rules and regulations relating to the Plan and any Award Agreement shall be governed, interpreted and enforced in accordance with its express terms, and otherwise in accordance with the laws of the State of Delaware, without regard
to principles of conflicts of laws. 
 (k) Severability. If any provision of the Plan or any Award is or becomes or is deemed to be
invalid, illegal or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the
applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be construed or deemed stricken as to such jurisdiction,
Person or Award and the remainder of the Plan and any such Award shall remain in full force and effect. 

  
 15 

 (l) Other Laws; Restrictions on Transfer of Shares. The Committee may refuse to issue
or transfer any Shares or other consideration under an Award if, acting in its sole and plenary discretion, it determines that the issuance or transfer of such Shares or such other consideration might violate any applicable law or regulation, and
any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. Without limiting the generality of the
foregoing, no Award granted hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until the Committee in its sole and plenary discretion has determined that any such offer, if
made, would be in compliance with all applicable requirements of the U.S. Federal and any other applicable securities laws. 
 (m) No
Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate, on one hand, and a Participant or any other
Person, on the other. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or such
Affiliate. 
 (n) Recoupment of Awards. Any Award Agreement may provide for recoupment by the Company of all or any portion of an
Award if the Company’s financial statements are required to be restated due to noncompliance with any financial reporting requirement under the Federal securities laws. This Section 9(n) shall not be the Company’s exclusive remedy
with respect to such matters. 
 (o) Source of Shares; No Fractional Shares. Any Shares delivered under the Plan may consist, in
whole or in part, of authorized and unissued shares or treasury shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be
paid or transferred in lieu of any fractional Shares or whether such fractional Shares or any rights thereto shall be canceled, terminated or otherwise eliminated. 

(p) Requirement of Consent and Notification of Election Under Section 83(b) of the Code or Similar Provision. No
election under Section 83(b) of the Code (to include in gross income in the year of transfer the amounts specified in Section 83(b) of the Code) or under a similar provision of law may be made unless expressly permitted by the terms of the
applicable Award Agreement or by action of the Committee in writing prior to the making of such election. If an Award recipient, in connection with the acquisition of Shares under the Plan or otherwise, is expressly permitted under the terms of the
applicable Award Agreement or by such Committee action to make such an election and the Participant makes the election, the Participant shall notify the Committee of such election within ten days of filing notice of the election with the U.S.
Internal Revenue Service (or any successor thereto) or other governmental authority, in addition to any filing and notification required pursuant to regulations issued under Section 83(b) of the Code or any other applicable provision. 

  
 16 

 (q) Requirement of Notification Upon Disqualifying Disposition Under
Section 421(b) of the Code. If any Participant shall make any disposition of Shares delivered pursuant to the exercise of an Incentive Stock Option under the circumstances described in Section 421(b) of the Code (relating
to certain disqualifying dispositions) or any successor provision of the Code, such Participant shall notify the Company of such disposition within ten days of such disposition. 

(r) Non-Pensionable. Benefits under the Plan shall not be treated as pensionable earnings for
purposes of any pension plan maintained by the Company and its Affiliates, unless explicitly provided otherwise in such plan. 
 (s) Data
Protection. By participating in the Plan, the Participant consents to the collection, processing, transmission and storage by the Company, in any form whatsoever, of any data of a professional or personal nature which is necessary
for the purposes of administering the Plan. The Company may share such information with any Subsidiary or Affiliate, any trustee, its registrars, brokers, other third-party administrator or any Person who obtains Control of the Company or one of its
Subsidiaries or divisions. 
 (t) Right of Offset. Subject to Section 9(c) and except as set forth in any applicable
Award Agreement or Individual Agreement, the Company or its Subsidiaries and Affiliates shall have the right to offset, against the obligation to pay amounts or issue Shares to any Participant under the Plan, any outstanding amounts (including,
without limitation, travel and entertainment expense, advance account balances, loans, tax withholding amounts paid by the employer or amounts repayable to the Company or its Subsidiaries and Affiliates pursuant to tax equalization, housing,
automobile or other employee programs) such Participant then owes to the Company or its Subsidiaries and Affiliates and any amounts the Committee otherwise deems appropriate pursuant to any written tax equalization policy or agreement. 

(u) Non-U.S. Employees and Non-U.S. Law Considerations.
The Committee may grant Awards to Participants who are Non-U.S. nationals, who reside outside the United States or who are not compensated from a payroll maintained in the United States, or who are otherwise
subject to (or could cause the Company to be subject to) legal or regulatory provisions of countries or jurisdictions outside the United States, on such terms and conditions different from those specified in the Plan as may, in the judgment of the
Committee, be necessary or desirable to foster and promote achievement of the purposes of the Plan and comply with such legal or regulatory provisions, and, in furtherance of such purposes, the Committee may make such modifications, amendments,
procedures, or sub-plans as may be necessary or advisable to comply with such legal or regulatory provisions (including to avoid triggering a public offering or to maximize tax efficiency). 

(v) Headings and Construction. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate
reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. Whenever the words “include”, “includes” or “including” are used
in the Plan, they shall be deemed to be followed by the words “but not limited to”, and the word “or” shall not be deemed to be exclusive. 

  
 17 

 SECTION 10. Term of the Plan. (a) Effective Date. The Plan shall be
effective upon the Closing (the “Effective Date”), provided that the Company’s directors and shareholders have approved the Plan prior to the Closing in accordance with the Business Combination Agreement. If the Plan is not so
approved by the Company’s shareholders or if the Business Combination Agreement is terminated and the Closing does not occur, then the Plan will be null and void in its entirety. 

(b) Expiration Date. No Award shall be granted under the Plan after the tenth anniversary of the Effective Date. Unless otherwise
expressly provided in the Plan or in an applicable Award Agreement, any Award granted hereunder, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award or to waive any conditions or
rights under any such Award, shall nevertheless continue thereafter. 

  
 18EX-10.10

 Exhibit 10.10 

EMPLOYMENT AGREEMENT (this “Agreement”) dated as of July 28, 2021, by and among Mostafa Kandil
(“Executive”), Pivotal Holdings Corp, a British Virgin Islands business company limited by shares incorporated under the laws of the British Virgin Islands (the “Company”), and Swvl Global FZE, a free zone limited
liability company organized under the laws of the United Arab Emirates (“Swvl UAE”). 
 WHEREAS, the Company desires that
Executive continue to provide employment services to Swvl UAE, and Executive desires to continue to provide such services and enter into this Agreement, which sets forth the terms and conditions under which Executive will continue to serve Swvl UAE.

 NOW, THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto hereby agree as follows: 

ARTICLE I 
 Services 

SECTION 1.01. Term. The initial term of this Agreement shall commence upon the Company Merger Effective Time (as defined below) and,
unless terminated earlier as set forth herein, shall continue through the third (3rd) anniversary of the Effective Date (as defined below) (the “Initial Term”). The Term (as defined below) shall be automatically extended for
successive one (1) year periods upon the expiration of the Initial Term unless Executive or the Company notifies the other party in writing at least ninety (90) days prior to the expiration of the Initial Term, or of any extension thereof
(each such date, a “Notification Date”), of such party’s desire to terminate the Term upon the expiration of the Initial Term or extension thereof, provided, however, that if there occurs a Change in Control (as defined
in Section 9.08 below) at any time during the Term following the two (2) year anniversary of the Effective Date (other than following the date that the Company or Executive has notified the other party in writing of such party’s
desire not to extend the Term upon expiration thereof, the Company has provided Executive with notice of termination or Executive has provided notice of resignation, in each case, in accordance with the terms of this Agreement), the Term shall be
deemed automatically extended until the one-year anniversary of the Change in Control. For purposes of this Agreement, “Term” shall mean the Initial Term, together with any extensions thereof
and shall terminate automatically upon termination of Executive’s employment with the Company for any reason, provided that, to the extent set forth in Section 6.08, the rights and obligations of the parties shall survive expiration
or other termination of the Term. Notwithstanding anything herein to the contrary, this Agreement shall be null and void ab initio if the Business Combination Agreement is terminated prior to the Company Merger Effective Time or
Executive’s employment with the Company or one of its Affiliates (as defined Section 4.08 below) terminates for any reason prior to the Company Merger Effective Time. 

  
 1 

 SECTION 1.02. Position and Duties. During the Term, Executive shall serve as Chairman
and Chief Executive Officer of the Company and Manager of Swvl UAE, reporting to the Board of Directors of the Company (the “Board”). Executive shall perform those duties and have those authorities commensurate with the position of
Chairman and Executive Officer of a company of the size and scope of the Company. At the request of the Board, and subject to such reasonable conditions as Executive may reasonably establish, Executive agrees to serve as an officer, director or
other appointee with respect to any Subsidiary (as defined in Section 4.08 below) of the Company subject, in each case, to being validly appointed to serve and, in so serving, Executive’s role in respect of such Subsidiary shall be
independent of his position as Chairman and Chief Executive Officer of the Company. In addition, during the period in which he serves as Chief Executive Officer of the Company, whether during the Term or otherwise, Executive shall be entitled to
serve on the Board and shall be Chairman of the Board. Furthermore, following Executive’s resignation or termination of employment for any reason other than termination for Cause or due to death or Executive’s resignation or termination of
employment at a time when Cause exists (as determined in accordance with this Agreement), Executive (or his designee) shall be entitled to serve on the Board as long as he and a trust settled by Executive together have beneficial ownership of one
percent (1%) or more of the then outstanding shares of the Company. For the avoidance of doubt, Executive will not be entitled to any additional compensation or benefits from the Company or any of its Subsidiaries with respect to service in any
other officer, director or other appointee position. 
 SECTION 1.03. Time and Effort. During the Term, Executive shall devote
substantially all of Executive’s business time, attention, skill and efforts (which shall not require Executive to be physically present at any particular work location) to the business and affairs of the Company and its Subsidiaries, except
for vacation, holiday and sick leave and periods of illness or incapacity. Notwithstanding the foregoing, Executive shall be permitted to (a) serve on nonprofit or government advisory boards and engage in charitable, philanthropic and community
activities, (b) manage Executive’s personal investments and affairs and (c) continue the activities set forth on the schedule that Executive delivered to the Company on or prior to the date hereof, provided that the outside
activities described in clauses (a) through (c) shall not, either individually or in the aggregate, (i) interfere with Executive’s attention to the Company and its Subsidiaries, including by causing an unreasonable distraction to
Executive or by creating any conflict of interest or (ii) result in a breach of any of the restrictive covenants set forth in Article V. Any other outside business activities not expressly described herein shall require the prior written
approval of the Board (or a duly authorized committee thereof). 
 ARTICLE II 

Compensation 
 SECTION
2.01. Base Salary. During the Term, Swvl UAE shall, as compensation for the obligations set forth herein and for all services rendered by Executive in any capacity during such employment under this Agreement, including services as an officer,
employee or other appointee, as applicable, with respect to Swvl UAE or the Company, pay Executive a base salary 

  
 2 

 
(“Base Salary”) at the annual rate of US$650,000 per year, payable in accordance with Swvl UAE’s standard payroll practices as in effect from time to time. The Base Salary
shall be reviewed by the Board (or a duly authorized committee thereof) on an annual basis for increases but not decreases. 
 SECTION 2.02.
Annual Bonus. Commencing with the first fiscal year during the Term, Executive shall be eligible to earn an annual performance-based cash bonus (the “Annual Bonus”)
in a targeted amount equal to one hundred percent (100%) of Executive’s Base Salary (the “Target Bonus”). The actual amount paid will depend on the degree to which annual performance goal(s), established by the Board (or a duly
authorized committee thereof), are determined by the Board (or such committee) to have been achieved. The Annual Bonus shall be paid at the time as is customary for other senior executives of the Company’s Subsidiaries, but in any event in the
fiscal year following the end of the fiscal year to which such Annual Bonus relates. 
 SECTION 2.03. Long-Term Incentive Award. 

(a) Initial Grant of Stock Options: On the day the Effective Date, the Company shall grant Executive a stock option to purchase
Class A ordinary common shares of the Company, par value US$0.0001 per share (“Stock”, and such stock options, “Options”) with an aggregate financial accounting grant date fair value equal to US$650,000, which
shall be subject to the terms and conditions of the Company’s 2021 Omnibus Incentive Compensation Plan (the “2021 Plan”) and a stock option agreement to be entered into between the Company and Executive on the Effective Date.

 (b) Initial Grant of Restricted Stock Units: Immediately subsequent to the filing of a Form
S-8 by the Company, which filing shall be made by the Company as soon as practicable after the Effective Date, the Company shall grant Executive an award of restricted stock units in respect of shares of Stock
(“RSUs”) with an aggregate value of US$1,600,000 based on the closing price of the Stock on the Applicable Exchange (as defined in the 2021 Plan) on the date of grant of such RSUs, which shall be subject to the terms and conditions
of the 2021 Plan and an equity award agreement to be entered into between the Company and Executive on the Effective Date. The initial grants covered by Sections 2.03(a) and (b) of this Agreement are referred to collectively herein as the
“Initial Grants”. 
 (c) Annual Equity Awards: Subject to approval by the Board or a duly authorized committee
thereof, following the Company’s 2021 fiscal year, Executive shall also be eligible to receive annual equity awards with a target value to be determined by the Board or a duly authorized committee thereof in its discretion, taking into account
competitive market practice. 

  
 3 

 (d) Trust Transfer: With respect to the grant of equity awards pursuant to this
Section 2.3 (including, for the avoidance of doubt, Section 2.3(c)), Executive shall be permitted to transfer shares of Stock, including, without limitation, such shares received in connection with the exercise of Options or the settlement
of RSUs, to a charitable organization or to a trust, the beneficiary (or beneficiaries) of which is one or more of the individual, a member of the individual’s immediate family, an affiliate of such person or a charitable organization. 

ARTICLE III 
 Benefits and Other
Matters 
 SECTION 3.01. Benefit Plans. During the Term, Executive and Executive’s eligible family members shall be entitled
to participate in any benefit plans (other than severance plans, which is otherwise addressed in this Agreement) offered by the Company as in effect from time to time (collectively, “Benefit Plans”), on the same basis generally made
available to other senior executives of the Company and to the extent Executive and Executive’s family members may be eligible to do so, subject to the terms of any such Benefit Plan. Executive understands that any Benefit Plan may be
terminated or amended from time to time by the Company in its discretion. 
 SECTION 3.02. Director and Officer Indemnification.
During the Term and thereafter, the Company shall, to the fullest extent permitted by law and the Company’s Memorandum and Articles of Association (and any successor governing documents, each, as may be amended from time to time (collectively,
the “Governing Documents”)), promptly indemnify Executive against all costs, charges, losses, expenses and liabilities (including, but not limited to, reasonable attorneys’ fees and costs incurred in defending legal
proceedings) incurred by Executive in connection with any actual, threatened or reasonably anticipated claim, suit, action or proceeding arising in connection with the execution, discharge or exercise of Executive’s duties as an officer or
director of the Company or any of its Subsidiaries and/or the exercise of Executive’s powers in Executive’s capacity as an officer or director of the Company or any of its Subsidiaries or otherwise in relation thereto other than incurred
by reason of Executive’s actual fraud; provided that Executive shall not be found to have committed actual fraud unless or until a court of competent jurisdiction shall have made a finding to that effect. Such expenses shall be promptly
advanced to Executive to the fullest extent permitted by law or the Governing Documents, provided that if it is determined by a court of competent jurisdiction without further right of appeal that Executive is not entitled to such
indemnification, reimbursement or advancement, then Executive shall promptly return all such amounts to the Company. 
 SECTION 3.03.
Business Expenses. The Company shall promptly reimburse Executive for all reasonable and customary out-of-pocket business expenses incurred by Executive in
connection with Executive’s service hereunder, in accordance with the Company’s policies as may be in effect from time to time. 

  
 4 

 ARTICLE IV 

Termination 
 SECTION 4.01.
Non-Duplication of Severance. Notwithstanding anything to the contrary in this Agreement or elsewhere, in no event shall Executive be entitled to severance benefits under any Employee Benefit Plan (as
defined in the Business Combination Agreement) of the Company or any of its Subsidiaries that are duplicative of severance benefits provided under this Agreement. For the avoidance of doubt, unless otherwise provided in Section 4.05 or
Section 4.06 of this Agreement, this Article IV shall not be deemed or otherwise constitute a forfeiture of any statutorily-imposed mandatory severance or gratuity pay to which Executive may be entitled pursuant to applicable law
(“Statutory Gratuity Pay”). 
 SECTION 4.02. Notice of Termination. During the Term, the Company shall provide at
least sixty (60) days’ written notice for any involuntary termination of Executive’s employment by the Company other than for Cause (as defined in Section 4.08 below), death or Disability (as defined in Section 4.08 below),
and Executive shall provide at least sixty (60) days’ written notice for a resignation without Good Reason (as defined in Section 4.08 below). 

SECTION 4.03. Termination by the Company for Cause or by Executive without Good Reason. If the Company terminates Executive’s
employment for Cause, or if Executive terminates Executive’s employment with the Company without Good Reason, no severance shall be payable to Executive, provided that Executive shall be entitled to payment of accrued and vested
compensation and benefits, including vested Company equity-based awards (except as otherwise provided in the applicable award agreement), accrued base salary, reimbursement of unpaid business expenses in accordance with Section 3.04 and any
other or additional benefits to which Executive may then or thereafter be entitled under the then-applicable terms of any applicable Employee Benefit Plan (as defined in the Business Combination Agreement) of the Company or any of its Subsidiaries
(collectively, the “Accrued Benefits”). 
 SECTION 4.04. Termination for Disability or Death. Executive’s
employment with the Company shall terminate immediately upon Executive’s death or Disability. In the event of a termination due to death or Disability, in addition to the Accrued Benefits, Executive or Executive’s estate, as the case may
be, shall be entitled to the following payments and benefits: 
 (a) subject to the effectiveness and irrevocability of the Release (as
defined in Section 4.07 below), payment of any unpaid bonus earned for the year prior to the year in which the Effective Termination Date (as defined in Section 4.05 below) occurs, paid when bonuses are paid (or, if earlier, due to be
paid) to other senior executives of the Company; and 
 (b) then outstanding equity-based awards treated in accordance with the applicable
award agreements. 

  
 5 

 SECTION 4.05. Non-Change-in-Control Termination. If Executive’s employment is terminated by the Company other than for Cause, death or Disability, or by Executive with Good Reason, in each case other than
within twenty-four (24) months following a Change in Control, in addition to the Accrued Benefits, Executive shall be entitled to the following payments and benefits, subject to the effectiveness and irrevocability of the Release: 

(a) one (1) times the sum of (x) the Base Salary and (y) the Annual Bonus earned in respect of the fiscal year ending
immediately prior to the Effective Termination Date (the “Prior Year Bonus”), payable in equal installments in accordance with the Company’s normal payroll practices over twelve (12) months following the Effective
Termination Date, provided that any installments that would otherwise have been paid prior to satisfaction of the release condition set forth in Section 4.07 shall be accumulated and paid in a lump sum on the first payroll date following
satisfaction of such condition; provided further that to the extent Executive is entitled to Statutory Gratuity Pay, the continuation of Base Salary pursuant to this Section 4.05(a) shall be reduced by the amount of the Statutory
Gratuity Pay to which he will be entitled as a result of Executive’s termination of employment; 
 (b) payment of a pro rata portion of
the Annual Bonus in respect of the fiscal year in which such termination or resignation occurs based on the number of days elapsed in such year through the effective date of Executive’s termination or resignation of employment, as applicable
(the “Effective Termination Date”), and actual achievement of applicable performance goals, except that any performance goals based on Executive’s personal performance shall be treated as attained at no less than the target
level, and any other performance goals shall be deemed achieved at least at the level applicable to similarly situated active employees of the Company, and paid when annual bonuses are paid (or, if earlier, due to be paid) to other senior executives
of the Company; 
 (c) payment of any unpaid bonus earned for the year prior to the year of termination or resignation, paid at the time set
forth in Section 4.04(a); and 
 (d) full accelerated vesting of the Initial Grants (to the extent then outstanding), with all other
Company equity-based awards treated in accordance with the applicable award agreements. 
 If, following the Effective Termination Date and
prior to a Change in Control, Executive breaches any of his obligations pursuant to the restrictive covenants set forth in Section 5.02 or Section 5.03, and such breach results in, or would reasonably be expected to result in, significant
reputational or monetary harm to the Company, then Executive shall forfeit his right to receive any unpaid amounts pursuant to Section 4.05(a), (b) and (d), and Executive shall promptly repay to the Company any such amount previously paid to
Executive pursuant to Sections 4.05(a), (b) and (d), provided, however, that the Company shall provide written notice to Executive of an alleged breach of any such restrictive covenants within thirty (30) days of such alleged breach (or
such later date as the Board could reasonably have been expected to know of such a breach), and Executive shall have thirty (30) days to cure such alleged breach, if curable. 

  
 6 

 SECTION 4.06.
Change-in-Control Termination. If Executive’s employment is terminated by the Company other than for Cause, death or Disability within twenty-four
(24) months following a Change in Control, or is terminated by Executive with Good Reason within twenty-four (24) months following a Change in Control, in addition to the Accrued Benefits, Executive shall be entitled to the following
payments and benefits, subject to effectiveness of the Release: 
 (a) two (2) times the sum of (x) the Base Salary and
(y) the Prior Year Bonus, payable in a lump sum within sixty-five (65) days following the Effective Termination Date (the “Aggregate Amount”); provided that to the extent Executive is entitled to Statutory Gratuity Pay,
the Aggregate Amount pursuant to this Section 4.06(a) shall be reduced by the amount of the Statutory Gratuity Pay to which he will be entitled as a result of Executive’s termination of employment; 

(b) payment of a pro rata portion of the Target Bonus in respect of the year in which the Effective Termination Date occurs, paid in a lump sum
within sixty-five (65) days following the Effective Termination Date; 
 (c) payment of any unpaid bonus earned for the year prior to
the year of termination, paid at the time set forth in Section 4.04(b); and 
 (d) full accelerated vesting of all outstanding Company
equity-based awards, unless otherwise set forth in the applicable award agreements. 
 SECTION 4.07. Release. Payments and benefits
described in Sections 4.04, 4.05 and 4.06, other than the Accrued Benefits, are conditioned upon Executive’s or Executive’s estate’s, as the case may be, execution and delivery of a release of customary release of claims in form
and substance reasonably acceptable to the Company and Executive (the “Release”) no later than fifty (50) days following the Effective Termination Date and not revoking the Release during the period specified therein. In the
event of Executive’s death or a judicial determination of his incapacity, references in this Agreement to Executive shall be deemed (where appropriate) to be references to his heir(s), beneficiary(ies), estate, executor(s) or other legal
representative(s). 
 SECTION 4.08. Definitions. For purposes of this agreement: 

(a) “Affiliate” means any Person Controlled by, Controlling or under common Control with, the applicable party. 

(b) “Business Combination Agreement” means the Business Combination Agreement, dated as of the date hereof, by and among the
Company, Swvl Inc., a British Virgin Islands business company limited by shares incorporated under the laws of the British Virgin Islands, Queen’s Gambit Growth Capital, a Cayman Islands exempted company with limited liability, Pivotal Merger
Sub Company I, a Cayman Islands exempted company with limited liability, and Pivotal Merger Sub Company II Limited, a British Virgin Islands business company limited by shares incorporated under the laws of the British Virgin Islands. 

  
 7 

 (c) “Cause” means Executive’s (i) conviction of, or plea of
guilty or nolo contendere to, a felony or a misdemeanor (or terms having similar meaning under applicable non-U.S. law) involving fraud, moral turpitude, or willful misconduct in connection with the
affairs of the Company or any of its Subsidiaries; (ii) willful and material breach of any material written policies of the Company or any of its Subsidiaries or fiduciary duties to the Company or any of its Subsidiaries, in each case, which
breach has caused, or would reasonably be expected to cause, significant economic harm to the Company or any of its Subsidiaries; (iii) material breach of any material non-competition or non-solicitation obligation to the Company; or (iv) willful misconduct in the execution of Executive’s duties to the Company or any of its Subsidiaries, which misconduct has caused, or would reasonably be
expected to cause, significant economic harm to the Company. Except in the case of clause (i), a purported termination of employment by the Company for Cause shall not be effective as a termination for Cause unless (A) the Company first
furnishes written notice to Executive of the circumstance(s) alleged to constitute Cause within thirty (30) days following the date the Board first becomes aware of such circumstance(s), (B) Executive has not cured those circumstance(s) within
thirty (30) days following Executive’s receipt of such written notice from the Company and (C) the Company terminates Executive’s employment within thirty (30) days following the expiration of such cure period, provided
that Executive shall not have the opportunity to cure a circumstance(s) alleged to constitute Cause if it is not capable of being cured. 

(d) “Change in Control” shall have the meaning set forth in the 2021 Plan as in effect on the Effective Date. 

(e) “Company Merger Effective Time” shall have the meaning set forth in the Business Combination Agreement. 

(f) “Control” means the direct or indirect possession of the power to direct or cause the direction of the management or
policies of a Person, whether through ownership of voting securities, by contract or otherwise (and Controlled and Controlling shall be construed accordingly). 

(g) “Disability” means Executive’s substantial inability to perform his duties for the Company due to physical or mental
illness or incapacity for any consecutive period of six months or any non-consecutive periods aggregating six (6) months or more in any twelve (12)-month period. 

(h) “Effective Date” means the date on which the Company Merger Effective Time occurs. 

(i) “Good Reason” means the occurrence of any of the following, without Executive’s prior written consent: (i) a
material breach by the Company of its obligations under this Agreement, any agreement between Executive and the Company evidencing Company equity-based awards, any other agreement between Executive and the Company in effect on the date hereof or any
substantially similar agreement between Executive and the Company entered into following the date hereof; (ii) any relocation by the Company of Executive’s principal place of employment to a location more than thirty (30) miles from
Executive’s current principal residence 

  
 8 

 
in Dubai, UAE; or (iii) any material diminution in Executive’s position, duties, authority, titles, offices, reporting lines or responsibilities. A purported termination of employment
by Executive with Good Reason shall not be effective as a termination with Good Reason unless (A) Executive furnishes written notice to the Company of the circumstance(s) alleged to constitute Good Reason within ninety (90) days following
the date Executive first becomes aware of such circumstance(s), (B) the Company has not fully cured those circumstance(s) within thirty (30) days after the Company’s receipt of such notice from Executive and (C) Executive terminates
Executive’s employment within ninety (90) days following the expiration of such cure period. 
 (j) “Person”
means an individual or any corporation, partnership, limited liability company, trust, unincorporated organization, association, joint venture or any other organization or entity, whether or not a legal entity. 

(k) “Subsidiary” means, with respect to any Person and as of any determination date, any other Person as to which such first
Person (i) owns, directly or indirectly, or otherwise controls, more than fifty percent (50%) of the voting power or other similar interests of such other Person or (ii) is the sole general partner interest, or managing member or similar
interest, of such other Person. 
 ARTICLE V 

Executive Covenants 

SECTION 5.01. Company Interests; Acknowledgements. Executive acknowledges that the Company has expended substantial amounts of time,
money and effort to develop business strategies, customer relationships, employee relationships, trade secrets and goodwill and to build an effective organization, and that the Company has a legitimate business interest and right in protecting those
assets as well as any similar assets that the Company may develop or obtain. Executive acknowledges that the Company is entitled to protect and preserve the going concern value of the Company and its business and trade secrets to the extent
permitted by law. Executive acknowledges that the Company’s business is international in scope. Executive acknowledges and agrees that the restrictions imposed upon Executive under this Agreement are reasonable and necessary for the protection
of the Company’s goodwill, confidential information, trade secrets and customer relationships, and that the restrictions set forth in this Agreement shall not prevent Executive from earning a livelihood without violating any provision of this
Agreement. Notwithstanding anything elsewhere in this Agreement to the contrary, for purposes of this Section 5.01 and Sections 5.03, 5.04, 5.05, 5.08, 5.09 and 5.10, references to the Company shall be deemed to include its Subsidiaries. 

SECTION 5.02. Consideration to Executive. In consideration of the Company’s entering into this Agreement and the Company’s
obligations hereunder and other good and valuable consideration, the receipt of which is hereby acknowledged, and acknowledging hereby that the Company would not have entered into this Agreement without the covenants contained in this
Article V, Executive hereby agrees to be bound by the provisions and covenants contained in this Article V. 

  
 9 

 SECTION 5.03. Employee Non-Solicitation and
Customer and Business Relationships Noninterference. Executive agrees that, unless otherwise specifically permitted by the Board in writing, for the period commencing on the Effective Date and terminating twelve (12) months after
termination of Executive’s employment for any reason (such period, the “Restricted Period”), Executive shall not, directly or indirectly: (a) induce or attempt to induce any customer, supplier licensee or other person or
entity that has done business with the Company (i) during the portion of the Restricted Period in which Executive is employed by the Company, during Executive’s employment with the Company, or (ii) during the portion of the Restricted
Period in which Executive is no longer employed by the Company, during the two (2) year period prior to Executive’s last day of employment, in each case, to cease doing business with the Company or in any way interfere with the
relationship between any such customer, supplier, licensee or other business entity and the Company; or (b) other than on behalf of the Company, solicit, recruit or hire any employee of the Company or any individual who was employed by the
Company (i) during the portion of the Restricted Period in which Executive is employed by the Company, during Executive’s employment with the Company, or (ii) during the portion of the Restricted Period in which Executive is no longer
employed by the Company, during the one (1) year period prior to Executive’s last day of employment. 
 SECTION 5.04. Non-Competition. (a) Executive agrees that, unless otherwise specifically authorized by the Board in writing, during the Restricted Period, Executive shall not, and shall cause each of Executive’s
controlled Affiliates (other than the Company) not to, directly or indirectly: (i) engage, consult, advise, own, operate, manage, control, invest in, provide services to or otherwise assist (as a director, officer, partner, principal, employee,
member, consultant or in any other capacity) in any business that directly competes with the Company in any business in which the Company is actively engaged or is actively engaged in substantial preparations to engage and in any jurisdiction in
which the Company is operating or is actively engaged in substantial preparations to operate (i) during the portion of the Restricted Period in which Executive is employed by the Company, during Executive’s employment with the Company, or
(ii) during the portion of the Restricted Period in which Executive is no longer employed by the Company, during the two (2) year period prior to Executive’s last day of employment (the “Business”); or
(ii) except as provided in Section 5.04(b), be employed by, consult with or advise any Person that, directly or indirectly, engages in the Business. 

(b) This Section 5.04 shall not be deemed breached solely as a result of (i) the ownership by Executive of up to a five percent (5%)
passive direct or indirect ownership interest in any publicly traded entity; (ii) Executive’s employment by, or otherwise material association with, any organization or entity that competes with the Company in the Business so long as
Executive’s employment or association is with a separately managed and operated division or Affiliate of such organization or entity that itself does not compete with the Company in the Business and Executive has no business communications or
involvement that relates to the Business; and (iii) Executive’s service on the board of directors (or similar body) of any organization or entity that competes with the Company in the Business as an immaterial part of such organization or
entity’s overall business so long as Executive recuses himself from all matters relating to the Business. 

  
 10 

 SECTION 5.05. Confidential Information. Executive hereby acknowledges that
(a) in the performance of Executive’s duties and services pursuant to this Agreement, Executive has received and shall continue to receive, and may be given access to, Confidential Information and (b) all Confidential Information is
or will be the property of the Company. For purposes of this Agreement, “Confidential Information” shall mean information, knowledge and data that is or will be used, developed, obtained or owned by the Company relating to the
business, products and/or services of the Company or the business, products and/or services of any customer, lessor, sales officer, sales associate or independent contractor thereof, including products, services, fees, pricing, designs, marketing
plans, strategies, analyses, forecasts, formulas, drawings, photographs, reports, records, computer software (whether or not owned by, or designed for, the Company), other operating systems, applications, program listings, flow charts, manuals,
documentation, data, databases, specifications, technology, inventions, new developments and methods, improvements, techniques, trade secrets, devices, products, methods, know-how, processes, financial data,
customer lists, contact persons, cost information, executive information, regulatory matters, personnel matters, accounting and business methods, copyrightable works and information with respect to any vendor, customer, lessor, sales officer, sales
associate or independent contractor of the Company, in each case whether patentable or unpatentable and whether or not reduced to practice, and all similar and related information in whatever form, and all such items of any vendor, customer, sales
officer, sales associate or independent contractor of the Company, provided, however, that Confidential Information shall not include information that is generally known to the public other than as a result of disclosure by Executive
in breach of this Agreement or in breach of any similar covenant made by Executive prior to entering into this Agreement. 
 SECTION 5.06.
Non-Disclosure. During the Term and at all times thereafter, except as otherwise specifically provided in Section , Executive shall not, directly or indirectly, disclose or cause or permit to be
disclosed, to any Person whatsoever, or utilize or cause or permit to be utilized, by any Person whatsoever, any Confidential Information acquired pursuant to Executive’s employment with the Company (whether acquired prior to or subsequent to
the execution of this Agreement) under this Agreement or otherwise. 
 SECTION 5.07. Permitted Disclosure. Nothing in this Agreement
or elsewhere shall prohibit Executive from: (a) contacting, filing a claim with, or cooperating in an investigation by a government agency; (b) exercising any legally protected whistleblower rights (including pursuant to Rule 21F under the
U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder); (c) utilizing and disclosing information, including the Confidential Information, in connection with discharging Executive’s duties to
the Company; (d) disclosing Confidential Information to the extent Executive (i) is compelled to disclose such Confidential Information or else stand liable for contempt or suffer other censure or penalty or is required to disclose by
judicial or administrative process, or by other requirements of applicable law or regulation or any governmental authority (including any applicable rule, regulation or order of a self-governing authority, such as the Applicable Exchange (as defined
in the 2021 Plan)), provided that, where and to the extent legally permitted and reasonably practicable, Executive shall (A) give the Company reasonable notice of any such requirement and, to the extent protective measures consistent
with such requirement are available, the opportunity to seek appropriate protective measures and (B) cooperate with Company in attempting to obtain such protective 

  
 11 

 
measures or (ii) discloses such information in connection with any litigation or arbitration between the Company and Executive; (e) disclosing documents and information in confidence to
an attorney or other professional for the purposes of securing professional advice; (f) retaining, and using appropriately, documents and information relating to Executive’s personal rights and obligations; or (g) disclosing
Executive’s notice obligations, and post-employment restrictions, in confidence in connection with any potential new employment or business opportunity. In addition, Executive is advised that Executive shall not be held criminally or civilly
liable under any U.S. Federal or state trade secret law for the disclosure of any Confidential Information that constitutes a trade secret to which the U.S. Defend Trade Secrets Act (18 U.S.C. Section 1833(b)) applies that is made (A) in
confidence to a U.S. Federal, state or local government official, either directly or indirectly, or to an attorney, in each case, solely for the purpose of reporting or investigating a suspected violation of law or (B) in a complaint or other
document filed in a lawsuit or proceeding, if such filings are made under seal. 
 SECTION 5.08. Records. All memoranda, books,
records, documents, papers, plans, information, letters and other data relating to Confidential Information or the business and customer accounts of the Company, whether prepared by Executive or otherwise, coming into Executive’s possession
shall be and remain the exclusive property of the Company and Executive shall not, during the Term or thereafter, directly or indirectly assert any interest or property rights therein. Upon Executive’s termination of employment with the Company
for any reason, Executive will immediately return to the Company all such memoranda, books, records, documents, papers, plans, information, letters and other data, and all copies thereof or therefrom, and Executive will not retain, or cause or
permit to be retained, any copies or other embodiments of the materials so returned. Executive further agrees that Executive will not retain or use for Executive’s account at any time any trade names, trademark or other proprietary business
designation used or owned in connection with the business of the Company. 
 SECTION 5.09.
Non-Disparagement. Executive shall not, at any time (whether prior to or following the Effective Termination Date), denigrate, ridicule, disparage or make any statement with the intent to criticize the
Company or, with respect to Executive’s relationship with the Company, any of the Company’s officers or directors in their capacity as officers or directors of the Company. The Company shall use its reasonable best efforts to cause its and
its Subsidiaries’ respective executive officers and directors to agree that they will not, at any time (whether prior to or following the Effective Termination Date) denigrate, ridicule, disparage or make any statement with the intent to
criticize Executive in his capacity as an employee, director or officer of the Company. This Section shall not prohibit (i) Executive or the Company (or its Subsidiaries) from testifying truthfully under oath pursuant to a lawful court order or
subpoena or in connection with any litigation or arbitration between Executive and the Company or any of the Company’s officers or directors or (ii) Executive from making the permitted disclosures set forth in Section . 

SECTION 5.10. Specific Performance. Executive agrees that any material breach by Executive of any of the provisions of this
Article V may cause irreparable harm to the Company that could not be made whole by monetary damages and that, in the event of such a breach, the breaching party shall waive the defense in any action for specific performance that a remedy at

  
 12 

 
law would be adequate, and the other party shall be entitled to seek to specifically enforce the terms and provisions of this Article V without the necessity of proving actual damages or
posting any bond or providing prior notice, in any court of competent jurisdiction, in addition to any other remedy such party may obtain through arbitration in accordance with Section 6.06. 

SECTION 5.11. Proprietary Rights.  

(a) Work Product. Executive acknowledges and agrees that all right, title, and interest in and to all writings, works of authorship,
technology, inventions, discoveries, processes, techniques, methods, ideas, concepts, research, proposals, materials, and all other work product of any nature whatsoever, that are created, prepared, produced, authored, edited, amended, conceived, or
reduced to practice by Executive individually or jointly with others during Executive’s employment with or other service to the Company and that specifically relate to the Business or specifically result from work performed by Executive for the
Company, all rights and claims related to the foregoing, and all printed, physical and electronic copies, and other tangible embodiments thereof (collectively, “Work Product”), as well as any and all rights relating thereto in and
to U.S. and non-U.S. (i) patents, patent disclosures and inventions (whether patentable or not), (ii) trademarks, service marks, trade dress, trade names, logos, corporate names, and domain names, and
other similar designations of source or origin, together with the goodwill symbolized by any of the foregoing, (iii) copyrights and copyrightable works (including computer programs), mask works, and rights in data and databases, (iv) trade
secrets, know-how, and other confidential information, and (v) all other intellectual property rights relating thereto, in each case whether registered or unregistered and including all registrations and
applications for, and renewals and extensions of, such rights, all improvements thereto and all similar or equivalent rights or forms of protection in any part of the world (collectively, “Intellectual Property Rights”), shall be
the sole and exclusive property of the Company. 
 For purposes of this Agreement, “Work Product” may include, but is not limited to,
Company information, including plans, publications, research, strategies, techniques, agreements, documents, contracts, terms of agreements, negotiations, know-how, computer programs, computer applications,
software design, web design, work in process, databases, manuals, results, developments, reports, graphics, drawings, sketches, market studies, formulae, notes, communications, algorithms, product plans, product designs, styles, models, audiovisual
programs, inventions, unpublished patent applications, original works of authorship, discoveries, experimental processes, experimental results, specifications, customer information, client information, customer lists, client lists, manufacturing
information, marketing information, advertising information, and sales information. 
 (b) Work Made for Hire; Assignment. Executive
acknowledges that, by reason of being employed by the Company at the relevant times, to the extent permitted by law, all of the Work Product consisting of copyrightable subject matter is “work made for hire” as defined in 17 U.S.C. §
101 and such copyrights are therefore owned by the Company. To the extent that the foregoing does not apply, Executive hereby irrevocably assigns to the Company, for no additional consideration, Executive’s entire right, title, and interest in
and to all Work Product and Intellectual Property Rights therein, including the right to sue, counterclaim, and recover for all past, present, 

  
 13 

 
and future infringement, misappropriation, or dilution thereof, and all rights corresponding thereto throughout the world. Nothing contained in this Agreement shall be construed to reduce or
limit the Company’s rights, title, or interest in any Work Product or Intellectual Property Rights therein so as to be less in any respect than that the Company would have had in the absence of this Agreement. 

(c) Further Assurances; Power of Attorney. During and after the Term, Executive agrees, upon reasonable request and subject to such
reasonable conditions as Executive may reasonably establish, to cooperate with the Company to (i) apply for, obtain, perfect, and transfer to the Company the Work Product as well as any and all Intellectual Property Rights in the Work Product
in any jurisdiction in the world; and (ii) maintain, protect and enforce the same, including, without limitation, giving testimony and executing and delivering to the Company any and all applications, oaths, declarations, affidavits, waivers,
assignments, and other documents and instruments as shall be requested by the Company. Executive hereby irrevocably grants the Company power of attorney to execute and deliver any such documents on Executive’s behalf in Executive’s name
and to do all other lawfully permitted acts to transfer the Work Product to the Company and further the transfer, prosecution, issuance, and maintenance of all Intellectual Property Rights therein, to the full extent permitted by law, if Executive
does not promptly cooperate with the Company’s request (without limiting the rights the Company shall have in such circumstances by operation of law). The power of attorney is coupled with an interest and shall not be affected by
Executive’s subsequent incapacity. 
 (d) No License. Executive understands that this Agreement does not, and shall not be
construed to, grant Executive any license or right of any nature with respect to any Work Product, Intellectual Property Rights therein, software, or other tools made available to Executive by the Company. 

ARTICLE VI 
 Miscellaneous

 SECTION 6.01. Assignment. This Agreement shall not be assignable by Executive. The parties agree that any attempt by Executive
to delegate Executive’s duties hereunder shall be null and void. The Company may assign this Agreement to any of its Affiliates or to any successor or assign (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all,
or substantially all, of the business and assets of the assignor/transferor. Upon such assignment or transfer, the rights and obligations of the assignor/transferor hereunder shall become the rights and obligations of such successor. As used in this
Agreement, the term “the Company” shall include, to the extent provided in Section 5.01, the Company’s Subsidiaries and any permitted assignee to which this Agreement is assigned. 

SECTION 6.02. Successors. This Agreement shall be binding upon and shall inure to the benefit of the Company and its permitted
successors. The Company shall assign its rights and obligations hereunder to any permitted successor. Upon any such assignment, the Company shall cause such successor expressly to assume such obligations, and such rights and obligations shall inure
to and be binding upon any such successor. 

  
 14 

 SECTION 6.03. Entire Agreement. This Agreement, together with the award agreements in
respect of the Company equity-based awards, constitutes the entire agreement and understanding of the parties and with respect to the transactions contemplated hereby and the subject matter hereof and supersedes and replaces any and all prior
agreements, understandings, statements, representations and warranties, written or oral, express or implied and/or whenever and howsoever made, directly or indirectly relating to the subject matter hereof. 

SECTION 6.04. Amendment. This Agreement may be amended, modified, superseded or altered, and the terms and covenants hereof may be
waived, only by written instrument executed by each of the parties hereto, or in the case of a waiver, by the party waiving compliance. The failure of any party at any time or times to require performance of any provision hereof shall in no manner
affect such party’s right at a later time to enforce the same. No waiver by any party of the breach of any term or covenant contained in this Agreement, in any one or more instances, shall be deemed to be, or construed as, a further or
continuing waiver of any such breach, or a waiver of the breach of any other term or covenant contained in this Agreement. 
 SECTION 6.05.
Notice. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by email or by registered or certified
mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a written notice given in accordance with this
Section 6.05). 
  

			
	 If to the Company or

Swvl UAE:
	  	 Swvl Global FZE
 c/o Swvl Inc.

The Offices 4, One Central
 Dubai, United Arab Emirates

Attention: General Counsel

		
	 with copies to:
	  	 Cravath, Swaine & Moore LLP
 Worldwide
Plaza
 825 Eighth Avenue
 New York, NY 10019

Attention:  Jennifer S. Conway, Esq.
 E-mail:      jconway@cravath.com

		
	 If to Executive:
	  	 Mostafa Kandil
  

[Omitted]

  
 15 

			
	 with copy to:
	  	 Anjarwalla Collins & Haidermota Legal Consultants

W501A, Saaha Offices Block C
 Palace Hotel Downtown

PO Box 58553
 Dubai, United Arab Emirates

Attention: Devvrat Periwal & Atiq Anjarwalla
 E-mail: dperiwal@ach-legal.com

              
aanjarwalla@ach-legal.com

 SECTION 6.06. Governing Law and Dispute Resolution. 

(a) Except as otherwise required by applicable law, this Agreement shall be governed, interpreted and enforced in accordance with its express
terms, and otherwise in accordance with the laws of the United Arab Emirates, without regard to principles of conflicts of laws. 
 (b)
Except to the extent otherwise provided in Section 5.10 with respect to certain claims for injunctive relief, any dispute or controversy arising under or relating to this Agreement, Executive’s employment hereunder or any termination
thereof (whether based on contract or tort or upon any U.S. federal, state or local statute or any non-U.S. statute) shall be submitted to the Dubai International Financial Centre – London Court of
International Arbitration (“DIFC-LCIA”) and resolved through confidential arbitration in accordance with the rules of the DIFC-LCIA. Any arbitration hearings shall be conducted in Dubai, United Arab Emirates before a single
arbitrator (rather than a panel of arbitrators) with substantial experience in the matters in dispute and appointed in accordance with the rules of the DIFC-LCIA. The resolution of any such dispute or controversy by the arbitrator shall be final and
binding, except to the extent otherwise provided by applicable law. Judgment upon any award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The Company shall promptly pay all administrative costs and arbitration
fees, and all legal fees, court costs and other costs and expenses incurred by Executive in connection with any claim or dispute that is subject to arbitration under this Section 6.06(b) or that is brought pursuant to Section 5.10,
provided that if the Company substantially prevails with respect to such claim or dispute, Executive, shall promptly repay any fees and costs (other than fees and other charges of DIFC-LCIA or the arbitrator) incurred by Executive, and paid
by the Company, in connection with any claim as to which the Company has substantially prevailed. If at the time any dispute or controversy arises with respect to this Agreement, DIFC-LCIA is not in business or is no longer providing arbitration
services, then the parties hereto shall select another internationally-recognized arbitral institution based in Dubai; provided that the selection of such arbitral institution shall not be unreasonably withheld, conditioned or delayed. 

  
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 SECTION 6.07. Severability. If any term, provision, covenant or condition of this
Agreement is held by a court or arbitrator of competent jurisdiction to be invalid, illegal, void or unenforceable in any jurisdiction, then such provision, covenant or condition shall, as to such jurisdiction, be modified or restricted to the
extent necessary to make such provision valid, binding and enforceable, or, if such provision cannot be modified or restricted, then such provision shall, as to such jurisdiction, be deemed to be excised from this Agreement and any such invalidity,
illegality or unenforceability with respect to such provision shall not invalidate or render unenforceable such provision in any other jurisdiction, and the remainder of the provisions hereof shall remain in full force and effect and shall in no way
be affected, impaired or invalidated. 
 SECTION 6.08. Survival. The rights and obligations of the Company and Executive under the
provisions of this Agreement, including Sections 1.02, 3.03 and 3.04 and Articles IV, V and VI, shall survive and remain binding and enforceable, notwithstanding any termination of the Term, to the extent necessary to preserve the intended benefits
of such provisions. 
 SECTION 6.09. Cooperation. Following termination of the Term, Executive shall provide Executive’s
reasonable cooperation to the Company and its Subsidiaries in connection with any suit, action or proceeding (or any appeal therefrom) that relates to events occurring during Executive’s employment with the Company and its Subsidiaries and as
to which Executive has relevant knowledge, other than a suit between Executive, on the one hand, and the Company or any of its Subsidiaries, on the other hand, provided that any such cooperation shall be subject to Executive’s other
personal and professional commitments, and the Company shall promptly pay (or promptly reimburse) any expenses reasonably incurred by Executive in connection with such cooperation. 

SECTION 6.10. Representations. 

(a) Executive hereby represents to the Company that the execution and delivery of this Agreement by Executive and the Company and the
performance by Executive of Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, or be prevented, interfered with or hindered by, the terms of any employment agreement or other agreement or policy to which
Executive is a party or otherwise bound. 
 (b) The Company hereby represents to Executive that it is fully authorized, by any Person or
body whose authorization is required, to enter into, and carry out the terms of, this Agreement, and that its ability to enter into, and carry out the terms of, this Agreement is not limited by any Company Plan. 

SECTION 6.11. No Waiver. The provisions of this Agreement may be waived only in writing signed by the party or parties entitled to the
benefit thereof. A waiver or any breach or failure to enforce any provision of this Agreement shall not in any way affect, limit or waive a party’s rights hereunder at any time to enforce strict compliance thereafter with every provision of
this Agreement. 

  
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 SECTION 6.12. No Offset. The Company’s obligation to pay Executive the amounts,
and to provide the benefits, hereunder shall not be subject to set-off, counterclaim or recoupment of amounts owed by Executive to the Company. In addition, there shall be no offset against any such payments
or benefits for any amounts or benefits earned by Executive, after the Effective Termination Date, from subsequent employment or otherwise. 

SECTION 6.13. Withholding Taxes. The Company or its Subsidiaries may withhold from any amounts payable under this Agreement such taxes
solely as may be required to be withheld pursuant to any applicable law or regulations. 
 SECTION 6.14. Counterparts. This Agreement
may be executed (including by facsimile or PDF) in any number of counterparts, each of which shall be deemed to be an original instrument and all of which together shall constitute a single instrument. Any signature delivered by facsimile, PDF,
DocuSign or similar platform shall create a valid and binding obligation of the party executing (or on whose behalf the signature is executed) with the same force and effect as if such facsimile, PDF or DocuSign signature were an original thereof.

 (a) Construction. The headings in this Agreement are for convenience only and shall not control or affect the meaning or
construction of any provision of this Agreement. In this Agreement unless a clear contrary intention appears: (a) the singular number includes the plural number and vice versa, (b) reference to any “Person” includes such
Person’s successors and assigns but, if applicable, only if such successors and assigns are not prohibited by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity or individually,
(c) reference to any gender includes any other gender, (d) reference to any agreement, document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms
thereof, (e) “hereunder”, “hereof”, “hereto”, “herein” and words of similar import shall be deemed references to this Agreement as a whole, and not to any particular Article, Section or other provision
thereof, (f) “including” (and with correlative meaning “include” and “includes”) means including without limiting the generality of any description preceding such term, (g) references to documents, instruments or
agreements shall be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto, (h) the words “party” or “parties” shall refer to parties to this Agreement and their permitted successors, (i) all
references to provisions, Sections or Articles are to provisions, Sections and Articles of this Agreement, unless otherwise expressly specified, (j) the word “or” is disjunctive and not exclusive and (k) the word “day”
means calendar day. 

  
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 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first written above. 

 

			
	PIVOTAL HOLDINGS CORP
		
	By:	 	 /s/ Youssef Salem

		 	Name: Youssef Samy Elsayed Fathy Salem
		 	Title:   Director

  

	
	SWVL GLOBAL FZE
	
	 /s/ Mostafa Kandil

	Name: Mostafa Kandil
	Title:   Manager

  

			
	EXECUTIVE
		
	By:	 	 /s/ Mostafa Kandil

		 	Name: Mostafa Kandil

  
 19

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