Document:

Exhibit 10.1

 

AMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT

 

	
 
    	
BPA NO.
    	
1. CONTRACT ID CODE
    	
PAGE

1
    	
OF PAGES

1
    

 

2. AMENDMENT/MODIFICATION NUMBER

P00003

 

3. EFFECTIVE DATE

4/29/2017

 

4. REQUISITION/PURCHASE REQ. NUMBER

 

5. PROJECT NUMBER (if applicable)

 

	
6. ISSUED BY
    	
CODE
    	
 
    	
 
    
	
Department of Veterans Affairs

OA&L / National Acquisition Center

Building 37

1st Avenue, One Block North of Cermak

Hines IL 60141
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
7. ADMINISTERED BY (if   other than Item 6)
    	
CODE
    	
 
    	
 
    
	
Department of Veterans Affairs

OA&L / National Acquisition Center

Building 37

1st Avenue, One Block North of Cermak

Hines IL 60141
    	
 
    	
 
    	
 
    

 

	
8. NAME AND ADDRESS OF CONTRACTOR (Number, street, county, State and   ZIP Code)
    
	
ARALEZ PHARMACEUTICALS US INC.
    	
 
    
	
555 E LANCASTER AVE STE 540

RADNOR PA 19087
    	
 
    
	
 
    	
 
    	
 
    
	
CODE 7KH89
    	
FACILITY   CODE
    	
 
    

 

	
o
    	
9A. AMENDMENT OF   SOLICITATION NUMBER
    
	
 
    	
9B. DATED (SEE ITEM 11)
    
	
 
    	
 
    
	
x
    	
10A. MODIFICATION OF   CONTRACT/ORDER NUMBER VA797P-16-C-0035
    
	
 
    	
10B. DATED (SEE ITEM 13) 2/11/2016
    

 

11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS

 

o  The above numbered solicitation is amended as set forth in Item 14. The hour and date specified for receipt of Offers

o is extended,     o is not extended.

 

Offers must acknowledge receipt of this amendment prior to the hour and date specified in the solicitation or as amended, by one of the following methods:

 

(a) By completing Items 8 and 15, and returning            copies of the amendment; (b) By acknowledging receipt of this amendment on each copy of the offer submitted; or (c) By separate letter or electronic communication which includes a reference to the solicitation and amendment numbers.  FAILURE OF YOUR ACKNOWLEDGMENT TO BE RECEIVED AT THE PLACE DESIGNATED FOR THE RECEIPT OF OFFERS PRIOR TO THE HOUR AND DATE SPECIFIED MAY RESULT IN REJECTION OF YOUR OFFER.  If by virtue of this amendment you desire to change an offer already submitted, such change may be made by letter or electronic communication, provided each letter or electronic communication makes reference to the solicitation and this amendment, and is received prior to the opening hour and date specified.

 

12. ACCOUNTING AND APPROPRIATION DATA (If required)

 

13. THIS ITEM APPLIES ONLY TO MODIFICATIONS OF CONTRACTS/ORDERS,

IT MODIFIES THE CONTRACT/ORDER NO. AS DESCRIBED IN ITEM 14.

 

	
CHECK
   ONE
    	
 
    
	
o
    	
A. THIS CHANGE ORDER IS   ISSUED PURSUANT TO: (Specify authority) THE CHANGES SET FORTH IN ITEM 14 ARE   MADE IN THE CONTRACT ORDER NO. IN ITEM 10A.
    
	
o
    	
B. THE ABOVE NUMBERED   CONTRACT/ORDER IS MODIFIED TO REFLECT THE ADMINISTRATIVE CHANGES (such as   changes in paying office, appropriation date, etc.) SET FORTH IN ITEM   14, PURSUANT TO THE AUTHORITY OF FAR 43.103(b). 
    
	
x
    	
C. THIS SUPPLEMENTAL   AGREEMENT IS ENTERED INTO PURSUANT TO AUTHORITY OF:

FAR 52.212-4 Changes

52.217-9 Option to Extend   the Term of the Contract
    
	
o
    	
D. OTHER (Specify type of   modification and authority)
    

 

	
E.   IMPORTANT:
    	
Contractor o   is not, x is required to sign   this document and return 1 copies to the issuing office.
    

 

14. DESCRIPTION OF AMENDMENT/MODIFICATION (Organized by UCF section headings, including solicitation/contract subject matter where feasible.)

 

This modification is issued to exercise the first option year for Metoprolol, National Contract VA797P-16-C-0035 with Aralez Pharmaceuticals. The period of performance for option year one is 4/29/2017 to 4/28/2018.

 

Please note this modification incorporate price reductions for the following line items:

 

	
NDC
    	
 
    	
Description
    	
 
    	
Previous NC Price
    	
 
    	
New NC Price
    	
 
    
	
00186-1088-05
    	
 
    	
METOPROLOL SUCCINATE 25MG TAB, SA 100s
    	
 
    	
$
    	
25.50
    	
 
    	
$
    	
10.58
    	
 
    
	
00186-1088-35
    	
 
    	
METOPROLOL SUCCINATE 25MG TAB, SA 1000s
    	
 
    	
$
    	
255.00
    	
 
    	
$
    	
105.80
    	
 
    
	
00186-1090-05
    	
 
    	
METOPROLOL SUCCINATE 50MG TAB, SA 100s
    	
 
    	
$
    	
25.50
    	
 
    	
$
    	
14.91
    	
 
    
	
00186-1090-35
    	
 
    	
METOPROLOL SUCCINATE 50MG TAB, SA 1000s
    	
 
    	
$
    	
255.00
    	
 
    	
$
    	
149.10
    	
 
    
	
00186-1092-05
    	
 
    	
METOPROLOL SUCCINATE 100MG TAB, SA 100s
    	
 
    	
$
    	
40.80
    	
 
    	
$
    	
23.52
    	
 
    
	
00186-1092-35
    	
 
    	
METOPROLOL SUCCINATE 100MG TAB, SA 1000s
    	
 
    	
$
    	
408.00
    	
 
    	
$
    	
235.20
    	
 
    

 

Except as provided herein, all terms and conditions of the document referenced in Item 9A or 10A, as heretofore changed, remains unchanged and in full force and effect.

 

	
15A. NAME AND TITLE OF   SIGNER (Type or print)
    	
 
    
	
 
    	
 
    
	
Tom   Tobin, Sr. Director, Pricing & Contracting
    	
 
    
	
 
    	
 
    
	
15B. CONTRACTOR/OFFEROR
    	
 
    
	
 
    	
 
    
	
/s/   Tom Tobin
    	
 
    
	
(Signature   of person authorized to sign)
    	
 
    
	
 
    	
 
    
	
15C. DATE SIGNED  4/6/17
    	
 
    

 

	
16A. NAME AND TITLE OF CONTRACTING OFFICER (Type or print)

Erika   Moreno

Contracting   Officer
    
	
 
    	
 
    
	
16B. UNITED STATES OF AMERICA
    	
 
    
	
 
    	
 
    
	
BY
    	
/s/ Erika Moreno
    	
 
    
	
 
    	
(Signature   of Contracting Officer)
    	
 
    
	
 
    	
 
    
	
16C. DATE SIGNED  4/6/2017
    	
 
    

 

	
PREVIOUS   EDITION NOT USABLE
    	
STANDARD   FORM 30 (REV. 11/2016)
    
	
 
    	
Prescribed   by GSA - FAR (48 CFR) 53.243EX-4.25

 Exhibit 4.25 

			
	  
 MELCO CROWN ENTERTAINMENT LIMITED

 
 SHARE INCENTIVE PLAN

 
 (AS AMENDED)

 
 ARTICLE 1

 
 PURPOSE

 
	  	
	 The purpose of the Melco Crown Entertainment Limited Share Incentive Plan, as amended from time to time (the “Plan”) is to
promote the success and enhance the value of Melco Crown Entertainment Limited, an exempted company formed under the laws of the Cayman Islands (the “Company”), by linking the personal interests of the members of the Board,
Employees, and Consultants to those of Company’s shareholders and by providing such individuals with an incentive for outstanding performance to generate superior returns to Company’s shareholders. The Plan is further intended to provide
flexibility to the Company in its ability to motivate, attract, and retain the services of members of the Board, Employees, and Consultants upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is
largely dependent.
  
 ARTICLE 2

 
 DEFINITIONS AND CONSTRUCTION

 
 Wherever the following terms are used in the Plan they shall have the
meanings specified below, unless the context clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates.
  

2.1    “2006 Share Incentive Plan” means the Company’s Share Incentive Plan,
as revised and adopted by its Board on November 28, 2006 and March 17, 2009 and as approved by its shareholders on December 1, 2006 and May 19, 2009.
  

2.2    “Amendment Effective Date” shall have the meaning set forth in paragraph
13.1.
  

2.3    “Applicable Laws” means the legal requirements relating to the Plan and
the Awards under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders, and the rules of any applicable Share exchange or national market system, of any jurisdiction applicable to Awards
granted to residents therein.
  

2.4    “Award” means an Option, a Restricted Share award, a Share Appreciation
Right award, a Dividend Equivalents award, a Share Payment award, a Deferred Share award, or a Restricted Share Unit award granted to a Participant pursuant to the Plan.
  

2.5    “Award Agreement” means any written agreement, contract, or other
instrument or document evidencing an Award, including through electronic medium.
  

2.6    “Board” means the board of directors of the Company.

 
 2.7    “Change in
Control” means a change in ownership or control of the Company effected through either of the following transactions:
  

(a)    the direct or indirect acquisition by any person or related group of persons (other than an
acquisition from or by the Company or by a Company-sponsored employee benefit plan or by a person that directly or indirectly controls, is controlled by, or is under common control with, the Company) of beneficial ownership (within the meaning of
Rule 13d-3 under the Exchange Act as defined below, hereafter “Beneficial Ownership”) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities
pursuant to a tender or exchange offer made directly to the Company’s shareholders which a majority of the Incumbent Board (as defined below) who are not affiliates or associates of the offeror under Rule 12b-2 promulgated under the Exchange
Act do not recommend such shareholders accept;
	  	  
 LR17.03(1)

  
 1 

			
	 (b)    the individuals who, as of the Amendment Effective Date, are members of
the Board (the “Incumbent Board”), cease for any reason to constitute at least fifty percent (50%) of the Board; provided, that if the election, or nomination for election by the Company’s shareholders, of any new member
of the Board is approved by a vote of at least fifty percent (50%) of the Incumbent Board, such new member of the Board shall be considered as a member of the Incumbent Board.

 

         Notwithstanding the foregoing, to the extent that an Award
constitutes “nonqualified deferred compensation” that is subject to Section 409A of the Code and the payment or settlement of the Award will accelerate upon a Change in Control, no event set forth herein will constitute a Change in
Control for purposes of the Plan or any Award Agreement unless such event also constitutes a “change in ownership”, “change in effective control”, or “change in the ownership of a substantial portion of the Company’s
assets” as defined under Section 409A of the Code.
  

2.8    “Code” means the Internal Revenue Code of 1986 of the United States, as
amended and the regulations and guidance promulgated thereunder.
  

2.9    “Committee” means the Compensation Committee of the Board, or another
committee or subcommittee of the Board which is appointed as provided in Article 12.
  

2.10 “Consultant” means any consultant or adviser if: (a) the consultant or adviser renders
bona fide services to a Service Recipient; (b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain
a market for the Company’s securities; and (c) the consultant or adviser is a natural person who has contracted directly with the Service Recipient to render such services.

 
 2.11 “Corporate
Transaction” means any of the following transactions, provided, however, that the Committee shall determine under (d) and (e) whether multiple transactions are related, and its determination shall be final, binding and
conclusive:
  
 (a)    an
amalgamation, arrangement or consolidation in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change the jurisdiction in which the Company is incorporated;

 
 (b)    the sale, transfer or
other disposition of all or substantially all of the assets of the Company;
  

(c)    the completion of a liquidation or dissolution of the Company;

 
 (d)    any reverse takeover,
scheme of arrangement or series of related transactions culminating in a reverse takeover or scheme of arrangement (including, but not limited to, a tender offer followed by a reverse takeover) in which the Company is the surviving entity but
(A) the Ordinary Shares outstanding immediately prior to such takeover are converted or exchanged by virtue of the takeover into other property, whether in the form of securities, cash or otherwise, or (B) in which securities possessing
more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such takeover or the initial
transaction culminating in such takeover, but excluding any such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction;

 
 (e)    acquisition in a
single or series of related transactions by any person or related group of persons (other than the Company or by a Company-sponsored employee benefit plan) of Beneficial Ownership of securities possessing more than fifty percent (50%) of the
total combined voting power of the Company’s outstanding securities but excluding any such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction; or

 
 (f)     Change in
Control.
  

         Notwithstanding the foregoing, to the extent that an Award
constitutes “nonqualified deferred compensation” that is subject to Section 409A of the Code and the payment or settlement of the Award will accelerate upon a Corporate Transaction, no event set forth herein will constitute a
Corporate Transaction for purposes of the Plan or any Award Agreement unless such event also constitutes a “change in ownership”, “change in effective control”, or “change in the ownership of a substantial portion of the
Company’s assets” as defined under Section 409A of the Code.
	  	

  
 2 

			
	 2.12 “Deferred Share” means a right to receive a specified number of Shares
during specified time periods pursuant to Article 9.
  

2.13 “Director” means a director of the Board.

 
 2.14 “Disability” means
that the Participant qualifies to receive long-term disability payments under the Service Recipient’s long-term disability insurance program, as it may be amended from time to time, to which the Participant provides services regardless of
whether the Participant is covered by such policy. If the Service Recipient to which the Participant provides service does not have a long-term disability plan in place, “Disability” means that a Participant is unable to carry out the
responsibilities and functions of the position held by the Participant by reason of any medically determinable physical or mental impairment for a period of not less than ninety (90) consecutive days. A Participant will not be considered to
have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the Committee in its discretion.
  

2.15 “Dividend Equivalents” means a right granted to a Participant pursuant to Article 9 to
receive the equivalent value (in cash or Share) of dividends paid on Share.
  

2.16 “Employee” means any person, including an officer or member of the board of the Company,
any Parent or Subsidiary of the Company, who is in the employ of a Service Recipient, subject to the control and direction of the Service Recipient as to both the work to be performed and the manner and method of performance. The payment of a
director’s fee by a Service Recipient shall not be sufficient to constitute “employment” by the Service Recipient.
  

2.17 “Exchange Act” means the Securities Exchange Act of 1934 of the United States, as amended
and the rules and regulations promulgated thereunder.
  

2.18 “Exercise Price” means the purchase price per Share of an exercisable Award.

 
 2.19 “Fair Market Value”
means, as of any date, the value of Shares determined as follows:
  

(a)    If the Shares are listed on one or more established Share exchanges or national market
systems, including without limitation, the NASDAQ Global Select or NASDAQ Global Market, its Fair Market Value shall be the closing sales price for such shares (or the closing bid, if no sales were reported) as quoted on such exchange or system on
which the Shares are listed (as determined by the Committee) on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price or closing bid was
reported), as reported in The Wall Street Journal or such other source as the Committee deems reliable;
  

(b)    If the Shares are regularly quoted on an automated quotation system (including the OTC
Bulletin Board) or by a recognized securities dealer, its Fair Market Value shall be the closing sales price for such shares as quoted on such system or by such securities dealer on the date of determination, but if selling prices are not reported,
the Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in
The Wall Street Journal or such other source as the Committee deems reliable; or
  

(c)    In the absence of an established market for the Shares of the type described in
(a) and (b), above, the Fair Market Value thereof shall be determined by the Committee in good faith by reference to the placing price of the latest private placement of the Shares and the development of the Company’s business operations
and the general economic and market conditions since such latest private placement.
  

2.20 “HKSE” means The Stock Exchange of Hong Kong Limited.
	  	

  
 3 

			
	 2.21 “HKSE Listing Rules” means the Rules Governing the Listing of Securities
on the HKSE, as may be amended or supplemented from time to time.
  

2.22 “HKLR Regulated Entity” means an entity required to comply with the HKSE Listing Rules as a
company either listed on the HKSE or considered to be a subsidiary of a HKSE-listed company according to the HKSE Listing Rules.
  

2.23 “Hong Kong” means the Hong Kong Special Administrative Region of the PRC.

 
 2.24 “Incentive Share
Option” means an incentive share option as described in paragraph 6.2.
  

2.25 “Macau” means the Macau Special Administrative Region of the PRC.

 
 2.26 “MIDL” means Melco
International Development Limited, a company listed on the HKSE.
  

2.27 “Non-Employee Director” shall mean a Director of the Company who is not an Employee.

 
 2.28 “Non-Qualified Share
Option” means an Option that is not intended to be an Incentive Share Option.
  

2.29 “Option” means a right granted to a Participant pursuant to Article 6 to purchase a
specified number of Shares at a specified price during specified time periods. An Option may be either an Incentive Share Option or a Non-Qualified Share Option.
  

2.30 “Participant” means a person who, as a member of the Board, Consultant or Employee, has
been granted an Award pursuant to the Plan.
  

2.31 “Parent” means: (a) a person holding either more than 50% voting power of another
company or 50% or less voting power in such company but the person has the powers to govern the key policies of the other company or control the appointment and decision of the board/governing body of the other company, directly or indirectly
through one or more of its intermediaries; (b) MIDL or any Subsidiary thereof, or (c) Crown Resorts Limited or each of its subsidiaries, and in relation to the parties in (b) and (c), any of their permitted transferees, successors,
assigns or substitutes to whom any of those parties’ rights and obligations in so far as they relate to the Company, are effectively transferred, novated or assigned.
  

2.32 “Plan” means this Share Incentive Plan of the Company, first adopted in 2011, as amended in
2015, and as may be further amended from time to time.
  

2.33 “Plan Limit” means the limit defined in paragraph 4.1.

 
 2.34 “PRC” means the
People’s Republic of China, other than Hong Kong, Macau and Taiwan.
  

2.35 “Related Entity” means any business, corporation, partnership, limited liability company or
other entity in which the Company, a Parent or Subsidiary of the Company holds a substantial ownership interest, directly or indirectly but which is not a Subsidiary and which the Board designates as a Related Entity for purposes of the Plan.

 
 2.36 “Restricted Share”
means a Share awarded to a Participant pursuant to Article 7 that is subject to certain restrictions and may be subject to risk of forfeiture.
  

2.37 “Restricted Share Unit” means an Award granted pursuant to paragraph 9.4.

 
 2.38 “Securities Act” means
the Securities Act of 1933 of the United States, as amended and the rules and regulations promulgated thereunder.
  

2.39 “Separation From Service” means a “separation from service” as defined in
Section 409A(a)(2)(A)(i) of the Code and determined in accordance with the default provisions under Section 409A of the Code.
  

2.40 “Service Recipient” means the Company, any Parent or Subsidiary of the Company and any
Related Entity to which a Participant provides services as an Employee, Consultant or as a director.
	  	

  
 4 

			
	 2.41 “Share” means the ordinary share capital of the Company, par value
US$0.01 per share, and such other securities of the Company that may be substituted for Shares pursuant to Article 11.
  

2.42 “Share Appreciation Right” or “SAR” means a right granted pursuant to
Article 8 to receive a payment calculated pursuant to such Article.
  

2.43 “Share Payment” means (a) a payment in the form of Shares, or (b) an option or
other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 9.

 
 2.44 “Specified Employee”
means a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, determined under the uniform methodology and procedures adopted by the Company for purposes of identifying Specified Employees of the
Company.
  

2.45 “Subsidiary” means any corporation or other entity of which a majority of the outstanding
voting shares or voting power is beneficially owned directly or indirectly by the Company. For the purposes of determining eligibility for the grant of Incentive Share Options under the Plan, the term “Subsidiary” shall be defined in the
manner required by Section 424(f) of the Code.
  

2.46 “Tax Parent” means a parent corporation under Section 424(e) of the Code.

 
 2.47 “Termination of
Service” shall mean:
  

(a)    As to a Consultant, the time when the engagement of a Participant as a Consultant to a
Service Recipient is terminated for any reason, with or without cause, including, without limitation, by resignation, discharge, death or retirement, but excluding terminations where the Consultant simultaneously commences or remains in employment
or service with the Company, any Subsidiary or any Related Entity.
  

(b)    As to a Non-Employee Director, the time when a Participant who is a Non-Employee Director
ceases to be a Director for any reason, including, without limitation, a termination by resignation, failure to be elected, death or retirement, but excluding terminations where the Participant simultaneously commences or remains in employment or
service with the Company, any Subsidiary or any Related Entity.
  

(c)    As to an Employee, the time when the employee-employer relationship between a Participant
and the Service Recipient is terminated for any reason, including, without limitation, a termination by resignation, discharge, death, disability or retirement; but excluding terminations where the Participant simultaneously commences or remains in
employment or service with the Company, any Subsidiary or any Related Entity.
  

         The Committee, in its sole discretion, shall determine the
effect of all matters and questions relating to Terminations of Service, including, without limitation, the question of whether a Termination of Service resulted from a discharge for cause and all questions of whether particular leaves of absence
constitute a Termination of Service; provided, however, that, with respect to Incentive Share Options, unless the Committee otherwise provides in the terms of the Award Agreement or otherwise, a leave of absence, change in status from
an employee to an independent contractor or other change in the employee-employer relationship shall constitute a Termination of Service only if, and to the extent that, such leave of absence, change in status or other change interrupts employment
for the purposes of Section 422(a)(2) of the Code and the then applicable regulations and revenue rulings under said Section. For purposes of the Plan, a Participant’s employee-employer relationship or consultancy relations shall be deemed
to be terminated in the event that the Subsidiary or Related Entity employing or contracting with such Participant ceases to remain a Subsidiary or Related Entity following any merger, sale of securities or other corporate transaction or event
(including, without limitation, a spin-off).
  

2.48 “Trading Date” means the first day on which Shares are publicly traded on an exchange or
national market system or other quotation system.
	  	

  
 5 

			
	 ARTICLE 3
  

AWARDS GRANTED UNDER THE PRECEDING SHARE INCENTIVE PLAN

 

3.1    Validity. As of the Amendment Effective Date, all Awards granted under the Plan,
including those granted prior to the Amendment Effective Date, shall be governed by the terms of the Plan, as amended. Awards previously granted under the 2006 Share Incentive Plan shall remain subject to the terms and conditions of the 2006 Share
Incentive Plan.
  

3.2    Survive. The 2006 Share Incentive Plan shall survive and be valid until its
expiration date notwithstanding that this Plan has or has not become effective. All Awards granted under the 2006 Share Incentive Plan shall remain outstanding and be governed by the terms of such plan.

 
 3.3    No Additional
Awards. No additional Awards may be granted under the 2006 Share Incentive Plan. This Plan shall succeed the 2006 Share Incentive Plan, and Awards granted after December 7, 2011 shall be subject to the terms set out herein.

 
 ARTICLE 4

 
 SHARES SUBJECT TO THE PLAN

 

4.1    Number of Shares.

 
	  	
	 (a)    Subject to the provisions of Article 11 and paragraph 4.1(c) , the
maximum aggregate number of Shares which may be issued pursuant to all Awards under the Plan (since the Plan’s original adoption on December 7, 2011) is 100,000,000 Shares (the “Plan Limit”).

 
	  	LR17.03(3)
	 (b)    If the Committee determines to offer Options to an eligible Participant
which exceed the limit of one percent (1%) of Shares in issue within a 12-month period up to the date of grant, then (i) that grant shall be subject to (x) the issue of a circular by the Company’s HKSE-listed Parent to its
shareholders which shall comply with Rules 17.03(4) and 17.06 of the HKSE Listing Rules and or such other requirements as prescribed under the HKSE Listing Rules, any Applicable Law or any exchange rule from time to time; and (y) the approval
of the shareholders of the Company’s HKSE-listed Parent in a general meeting at which that eligible Participant and his close associates (as defined in the HKSE Listing Rules) (or his associates (as defined in the HKSE Listing Rules) if the
eligible Participant is a connected person of the Company’s HKSE-listed Parent) shall abstain from voting; and (ii) unless provided otherwise in the HKSE Listing Rules, any Applicable Law or any exchange rule, the date of the Committee
meeting at which the Committee resolves to grant the proposed Options to that eligible Participant shall be taken as the date of grant for the purpose of calculating the Exercise Price.

 
 (c)    To the extent that an
Award terminates, expires, or lapses for any reason, any Shares subject to the Award shall again be available for the grant of an Award pursuant to the Plan except that for an Award which is Option, such availability does not apply for so long as
the Company is a HKLR Regulated Entity.
  

(d)    To the extent permitted by Applicable Law or any exchange rule, Shares issued in assumption
of, or in substitution for, any outstanding awards of any entity acquired in any form or combination by the Company or any Parent or Subsidiary of the Company shall not be counted against Shares available for grant pursuant to the Plan. Shares
delivered by the Participant or withheld by the Company upon the exercise of any Award under the Plan, in payment of the exercise price thereof or tax withholding thereon, may again be optioned, granted or awarded hereunder, subject to the
limitations of paragraph 4.1(a). If any Restricted Shares are forfeited by the Participant or repurchased by the Company, such Shares may again be optioned, granted or awarded hereunder, subject to the limitations of paragraph 4.1(a).
Notwithstanding the provisions of this paragraph 4.1(c), no Shares may again be optioned, granted or awarded if such action would cause an Incentive Share Option to fail to qualify as an Incentive Share Option.
	  	  
 LR17.03(4)

 
 Note to

LR17.03(4)

  
 6 

			
	 (e)    Notwithstanding any other provisions herein, paragraph (b) of this
Article 4.1 shall cease to apply to the Company, this Plan and the exercise of discretions by the Committee after the Company ceases to be a HKLR Regulated Entity.
  

4.2    Shares Distributed. Any Shares distributed pursuant to an Award may consist, in
whole or in part, of authorized and unissued Shares, treasury or Shares purchased on the open market. Additionally, in the discretion of the Committee, American Depository Shares in an amount equal to the number of Shares which otherwise would be
distributed pursuant to an Award may be distributed in lieu of Shares in settlement of any Award. If the number of Shares represented by an American Depository Share is other than on a one-to-one basis, the limitations of paragraph 4.1 shall be
adjusted to reflect the distribution of American Depository Shares in lieu of Shares.
  

ARTICLE 5
  

ELIGIBILITY AND PARTICIPATION
  
	  	
	 5.1    Eligibility. Persons eligible to participate in this Plan include
Employees, Consultants, and all members of the Board, as determined by the Committee.
  

5.2    Participation. Subject to the provisions of the Plan, the Committee may, from time
to time, at its discretion select from among all eligible individuals, those to whom Awards shall be granted and shall determine the nature and amount of each Award. No individual shall have any right or entitlement to be granted an Award pursuant
to this Plan.
  

5.3    Connected persons.

 
	  	LR17.03(2)
	 (a)    If the Committee determines to offer to grant Options to a director,
chief executive or substantial shareholder of the Company’s HKSE-listed Parent or any of their respective associates, such grant shall be subject to the approval by the independent non-executive directors of the Company’s HKSE-listed
Parent at the time of determination (and in the event that the Committee offers to grant Options to an independent non-executive director of the Company’s HKSE-listed Parent at the time of determination, the vote of such independent
non-executive director shall not be counted for the purposes of approving such grant).
  

(b)    If the Committee determines to offer to grant Options to a substantial shareholder or an
independent non-executive director of the Company’s HKSE-listed Parent (or any of their respective associates) and that grant would result in the Shares issued and to be issued upon exercise of all Options already granted and to be granted
(including Options exercised, cancelled and outstanding) to such person under this Plan and the other schemes in the 12-month period up to and including the date of grant:
  

(i)     representing in aggregate over 0.1%, or such other percentage as may be from time to
time provided under the HKSE Listing Rules, of the Shares in issue on the date of grant; and
  

(ii)    having an aggregate value, based on the official closing price of the Shares as stated in
the daily quotation sheets of the NASDAQ Global Select or NASDAQ Global Market on the date of grant, in excess of an amount in United States Dollars which is equivalent to HK$5 million or such other sum as may be from time to time provided under the
HKSE Listing Rules,
  

         such grant shall be subject to, in addition to the approval of
the independent non-executive directors of the Company’s HKSE-listed Parent as referred to under paragraph 5.3(a), the issue of a circular by such Parent to its shareholders and the approval of the shareholders of such Parent in general meeting
by way of a poll convened and held in accordance with the Articles of Association at which that eligible Participant, his associates and all core connected persons (as defined in the HKSE Listing Rules) of the Company’s HKSE-listed Parent shall
abstain from voting in favour of the resolution concerning the grant of such Options at the general meeting, and/or such other requirements prescribed under the HKSE Listing Rules from time to time. Unless provided otherwise in the HKSE Listing
Rules, the date of the Committee meeting at which the Committee resolved to grant the proposed Options to that eligible Participant shall be taken as the date of grant for the purpose of calculating the Exercise Price.
	  	LR17.04(1)

  
 7 

			
	 (c)    The circular to be issued by the Company’s HKSE-listed Parent to its
shareholders pursuant to paragraph 5.3(b) shall comply with the HKSE Listing Rules.
  

(d)    Notwithstanding any other provisions herein, paragraphs (a), (b) and (c) of this
Article 5.3 shall cease to apply to the Company, this Plan and the exercise of discretions by the Committee after the Company ceases to be a HKLR Regulated Entity.
  

5.4    Jurisdictions. In order to assure the viability of Awards granted to Participants
employed in various jurisdictions, the Committee may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom applicable in the jurisdiction in which the Participant
resides or is employed. Moreover, the Committee may approve such supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of
the Plan as in effect for any other purpose; provided, however, that no such supplements, amendments, restatements, or alternative versions shall increase the share limitations contained in paragraph 4.1 of the Plan. Notwithstanding the
foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate any Applicable Laws.
  

ARTICLE 6
  

OPTIONS
  
	  	LR17.04(3)
	 6.1    General. Subject to the Plan Limit set out in paragraph 4.1, the
Committee is authorized to grant Options to Participants on the following terms and conditions:
  

(a)    Exercise Price. The Exercise Price per Share subject to an Option shall be
determined by the Committee in accordance with this Plan and set forth in the Award Agreement. If the Company ceases to be a HKLR Regulated Entity, the Committee has the authority, in its absolute and sole discretion, to reduce the Exercise Price
amount set forth in any Award Agreement after grant, the determination of which shall be final, binding and conclusive.
  
	  	  
 LR17.03(9)

	 (b)    Time and Conditions of Exercise. The Committee shall determine the
time or times at which an Option may be exercised in whole or in part, including exercise prior to vesting; provided that the term of any Option granted under the Plan shall not exceed ten years. The Committee shall also determine the
conditions, if any, that must be satisfied before all or part of an Option may be exercised.
  

(c)    Vesting. The period during which the right to exercise, in whole or in part, an
Option will be vested in a Participant shall be set by the Committee and the Committee may determine that an Option may not be exercised in whole or in part for a specified period after it is granted. Such vesting may be based on service with the
Service Recipient or any other criteria selected by the Committee. If the Company ceases to be a HKLR Regulated Entity, the Committee has the authority, in its sole discretion and subject to whatever terms and conditions it selects, to accelerate
the period during which an Option is to vest at any time after grant of the Option.
  
	  	  
 LR17.03(5)

 
 LR17.03(7)
  

LR17.03(6)

	 (d)    Payment. The Committee shall determine the methods by which the
Exercise Price of an Option may be paid, the form of payment, including, without limitation (i) cash or check denominated in U.S. Dollars, Hong Kong Dollars or any other local currency as approved by the Committee, (ii) Shares held for
such period of time as may be required by the Committee in order to avoid adverse financial accounting consequences and having a Fair Market Value on the date of delivery equal to the aggregate Exercise Price of the Option or exercised portion
thereof, (iii) after the Trading Date the delivery of a notice that the Participant has placed a market sell order with a broker with respect to Shares then issuable upon exercise of the Option, and that the broker has been directed to pay a
sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Exercise Price; provided that payment of such proceeds is then made to the Company upon settlement of such sale, and the methods by which Shares shall be
delivered or deemed to be delivered to Participants, (iv) through net share settlement or similar procedure involving the withholding of Shares subject to the Option with a Fair Market Value equal to the Exercise Price, (v) other property
acceptable to the Committee with a fair market value equal to the Exercise Price, or (vi) by such other means as the Committee may authorize, or (vii) any combination of the foregoing. Notwithstanding any other provision of the Plan to the
contrary, no Participant who is a member of the Board or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the Exercise Price of an Option in any method which would
violate Section 13(k) of the Exchange Act.
	  	

  
 8 

			
	 (e)    Evidence of Grant. All Options shall be evidenced by an Award
Agreement between the Company and the Participant. The Award Agreement shall include such additional provisions as may be specified by the Committee.
  
	  	
	 (f)     Expiration of Option. An Option shall lapse automatically
and may not be exercised to any extent by anyone after the first to occur of the following events:
  

(i)     ten years from the date it is granted, unless an earlier time is set in the Award
Agreement;
  

(ii)    subject to paragraphs 6.1(f)(iii), (iv) and (v) below, three months after the
Participant’s Termination of Service, unless (x) otherwise set forth in the Award Agreement; or (y) notwithstanding the Award Agreement, the Participant is otherwise notified by a longer period as determined by the Committee;

 
 (iii)  one year after the date of the
Participant’s Termination of Service on account of Disability or death, unless (x) otherwise set forth in the Award Agreement; or (y) notwithstanding the Award Agreement, the Participant’s legal representative or representative
are otherwise notified by a longer period as determined by the Committee. Upon the Participant’s Disability or death, any Options exercisable at the Participant’s Disability or death may be exercised by the Participant’s legal
representative or representatives, by the person or persons entitled to do so pursuant to the Participant’s last will and testament, or, if the Participant fails to make testamentary disposition of such Option or dies intestate, by the person
or persons entitled to receive the Option pursuant to the applicable laws of descent and distribution;
  

(iv)   the date on which the Participant ceases to be eligible by reason of the Termination of Service
for cause which include, without limitation, in the determination of the Committee that he has breached any confidentiality undertaking in his employment or service contract or in the Award Agreement, he has performed an act (or failed to perform
any act) in bad faith and to the detriment of any of the Company or its Subsidiaries, he has engaged in dishonesty, intentional misconduct or material breach of any agreement with any of the Company or its Subsidiaries, or he has been guilty of
serious misconduct or has been convicted of any criminal offence involving his integrity or honesty or physical or emotional harm to any person or (if so determined by the Committee) on any other ground on which an employer would be entitled to
terminate his employment or service at common law or pursuant to any applicable laws or under the Participant’s employment or service contract with the Service Recipient. A resolution of the Committee or the board of directors of the relevant
Service Recipient to the effect that the relationship of a Participant has or has not been terminated on one or more of the grounds specified in this paragraph shall be conclusive; and

 
 (v)    the date on which the
Committee shall exercise the Company’s right to cancel the Option at any time after the Participant commits a breach of paragraph 10.8 or the Awards are cancelled in accordance with Article 15.

 
 (g)    Option Rules.
Notwithstanding any other provisions herein, any requirements or restrictions that apply to the Committee’s actions in paragraphs (a), (b) and (c), and the Options under paragraph (f) in this Article 6.1, in each case, under the HKSE
Listing Rules shall cease to apply after the Company ceases to be a HKLR Regulated Entity.
	  	LR17.03(12)

  
 9 

			
	 6.2    Incentive Share Options. Incentive Share Options may only be
granted to Employees of the Company, a Tax Parent or Subsidiary of the Company. Incentive Share Options may not be granted to Employees of a Related Entity. The terms of any Incentive Share Options granted pursuant to the Plan, in addition to the
requirements of paragraph 6.1, must comply with the provisions of Section 422 of the Code, or any successor provision thereto, including the following additional provisions of this paragraph 6.2:

 
 (a)    Individual Dollar
Limitation. The aggregate Fair Market Value (determined as of the time the Option is granted) of all Shares with respect to which Incentive Share Options are first exercisable by a Participant in any calendar year may not exceed $100,000 or such
other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Share Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified
Share Options.
  

(b)    Ten Percent. Owners. An Incentive Share Option shall be granted to any individual
who, at the date of grant, owns Shares possessing more than ten percent of the total combined voting power of all classes of Shares of the Company only if such Option is granted at a price that is not less than 110% of Fair Market Value on the date
of grant and the Option is exercisable for no more than five years from the date of grant.
  

(c)    Transfer Restriction. The Participant shall give the Company prompt notice of any
disposition of Shares acquired by exercise of an Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option; or (ii) one year after the transfer of such Shares to the Participant.

 
 (d)    Timing of Incentive
Share Option Grants. No Award of an Incentive Share Option may be made pursuant to this Plan after December 7, 2021, being the tenth anniversary of the original effective date of this Plan.

 
 (e)    Right to
Exercise. During a Participant’s lifetime, an Incentive Share Option may be exercised only by the Participant except for the case of Disability pursuant to paragraph 6.1(f)(iii).

 
 6.3    Substitution of
Share Appreciation Rights. The Committee may provide in the Award Agreement evidencing the grant of an Option that the Committee, in its sole discretion, shall have the right to substitute a Share Appreciation Right for such Option at any time
prior to or upon exercise of such Option, provided that such Share Appreciation Right shall (i) be exercisable for the same number of shares of Share that such substituted Option would have been exercisable for; and (ii) shall have the
same exercise price as such substituted Option.
  
 ARTICLE 7

 
 RESTRICTED SHARES

 
 7.1    Grant
of Restricted Shares. The Committee is authorized to make Awards of Restricted Shares to any Participant selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. All Awards of Restricted
Shares shall be evidenced by an Award Agreement.
  

7.2    Issuance and Restrictions. Subject to paragraphs 10.8 and 10.9, Restricted Shares
shall be subject to such restrictions on transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Shares or the right to receive dividends on the Restricted
Share). These restrictions may lapse separately or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter.

 
 7.3    Forfeiture.
Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon termination of employment or service during the applicable restriction period, Restricted Shares that are at that time subject to restrictions
shall be forfeited; provided, however, that the Committee may (a) provide in any Restricted Share Award Agreement that restrictions or forfeiture conditions relating to Restricted Shares will be waived in whole or in part in the event of
terminations resulting from specified causes, and (b) in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Shares.
	  	

  
 10 

			
	 7.4    Certificates for Restricted Shares. Restricted Shares granted
pursuant to the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Shares are registered in the name of the Participant, certificates must 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 the certificate until such time as all applicable restrictions lapse.

 
 ARTICLE 8

 
 SHARE APPRECIATION RIGHTS

 
 8.1    Grant
of Share Appreciation Rights.
  

(a)    A Share Appreciation Right may be granted to any Participant selected by the Committee. A
Share Appreciation Right shall be subject to such terms and conditions not inconsistent with the Plan as the Committee shall impose and shall be evidenced by an Award Agreement. The Exercise Price per Share covered by a Share Appreciation Right
shall be fixed by the Committee in its discretion and set forth in the Award Agreement. The Committee, in its absolute and sole discretion, may reduce the Exercise Price amount set forth in any Award Agreement after grant, the determination of which
shall be final, binding and conclusive. For the avoidance of doubt, the Committee may not increase the Exercise Price amount set forth in any Award Agreement after grant.
  

(b)    A Share Appreciation Right shall entitle the Participant (or other person entitled to
exercise the Share Appreciation Right pursuant to the Plan) to exercise all or a specified portion of the Share Appreciation Right (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount determined by
multiplying the difference obtained by subtracting the Exercise Price per share of the Share Appreciation Right from the Fair Market Value of a Share on the date of exercise of the Share Appreciation Right by the number of Shares with respect to
which the Share Appreciation Right shall have been exercised, subject to any limitations the Committee may impose.
  

(c)    The Committee shall determine the time or times at which a Share Appreciation Right may be
exercised in whole or in part; provided that the term of any Share Appreciation Right granted under the Plan shall not exceed ten years, except as provided in paragraph 13.2. The Committee shall also determine the conditions, if any, that
must be satisfied before all or part of a Share Appreciation Right may be exercised.
  

(d)    The Committee may provide in the Award Agreement evidencing the grant of a Share
Appreciation Right that the Committee, in its sole discretion, shall have the right to substitute an Option for such Share Appreciation Right at any time prior to or upon exercise of such Share Appreciation Right, provided that such Option shall
(i) be exercisable for the same number of Shares that such substituted Share Appreciation Right would have been exercisable for and (ii) shall have the same exercise price as such substituted Share Appreciation Right.

 
 8.2    Payment and
Limitations on Exercise.
  

(a)    Payment of the amounts determined under paragraph 8.1(b) above shall be in cash, in Shares
(based on its Fair Market Value as of the date the Share Appreciation Right is exercised) or a combination of both, as determined by the Committee in the Award Agreement.
  

(b)    To the extent any payment under paragraph 8.1(b) is effected in Shares, it shall be made
subject to satisfaction of all provisions of Article 6 above pertaining to Options.
  

ARTICLE 9
  

OTHER TYPES OF AWARDS
  

9.1    Dividend Equivalents. Any Participant selected by the Committee may be granted
Dividend Equivalents based on the dividends declared on the Shares that are subject to any Award, to be credited as of dividend payment dates, during the period between the date the Award is granted and the date the Award is exercised, vests or
expires, as determined by the Committee. Such Dividend Equivalents shall be converted to cash or additional Shares by such formula and at such time and subject to such limitations as may be determined by the Committee; provided, however, that
the terms of any reinvestment of dividends must comply with all applicable laws, rules and regulations, including, without limitation, Section 409A of the Code.
	  	

  
 11 

			
	 9.2    Share Payments. Any Participant selected by the Committee may
receive Share Payments in the manner determined from time to time by the Committee; provided, that unless otherwise determined by the Committee such Share Payments shall be made in lieu of base salary, bonus, or other cash compensation
otherwise payable to such Participant. The number of Shares shall be determined by the Committee and may be based upon such performance criteria or other specific criteria determined appropriate by the Committee, determined on the date such Share
Payment is made or on any date thereafter.
  

9.3    Deferred Shares. Any Participant selected by the Committee may be granted an award
of Deferred Shares in the manner determined from time to time by the Committee. The number of shares of Deferred Shares shall be determined by the Committee and may be linked to such specific criteria determined to be appropriate by the Committee,
in each case on a specified date or dates or over any period or periods determined by the Committee. Shares underlying a Deferred Share award will not be issued until the Deferred Share award has vested, pursuant to a vesting schedule or criteria
set by the Committee. Unless otherwise provided by the Committee, a Participant awarded Deferred Shares shall have no rights as a Company’s shareholder with respect to such Deferred Shares until such time as the Deferred Shares have vested and
the Shares underlying the Deferred Shares have been issued.
  

9.4    Restricted Share Units. The Committee is authorized to make Awards of Restricted
Share Units to any Participant selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. At the time of grant, the Committee shall specify the date or dates on which the Restricted Share Units
shall become fully vested and non-forfeitable, and may specify such conditions to vesting as it deems appropriate. At the time of grant, the Committee shall specify the maturity date applicable to each grant of Restricted Share Units which shall be
no earlier than the vesting date or dates of the Award and may be determined at the election of the Participant. On the maturity date, the Company shall transfer to the Participant one unrestricted, fully transferable Share for each Restricted Share
Unit scheduled to be paid out on such date and not previously forfeited. The Committee shall specify the purchase price, if any, to be paid by the Participant to the Company for such Shares.

 
 9.5    Term. Except as
otherwise provided herein, the term of any Award of Dividend Equivalents, Share Payments, Deferred Share, or Restricted Share Units shall be set by the Committee in its discretion.

 
 9.6    Exercise or
Purchase Price. The Committee may establish the exercise or purchase price, if any, of any Award of Deferred Share, Share Payments or Restricted Share Units; provided, however, that such price shall not be less than the par value of a
Share, unless otherwise permitted by Applicable Law.
  

9.7    Exercise Upon Termination of Employment or Service. An Award of Dividend
Equivalents, Deferred Share, Share Payments, and Restricted Share Units shall only be exercisable or payable while the Participant is an Employee, Consultant or a member of the Board, as applicable; provided, however, that the Committee in
its sole and absolute discretion may provide that an Award of Dividend Equivalents, Share Payments, Deferred Share, or Restricted Share Units may be exercised or paid subsequent to a termination of employment or service, as applicable, or following
a Corporate Transaction of the Company, or because of the Participant’s retirement, death or Disability, or otherwise.
  

9.8    Form of Payment. Payments with respect to any Awards granted under this Article 9
shall be made in cash, in Shares or a combination of both, as determined by the Committee.
  

9.9    Award Agreement. All Awards under this Article 9 shall be subject to such additional
terms and conditions as determined by the Committee and shall be evidenced by an Award Agreement.
	  	

  
 12 

			
	 ARTICLE 10
  

PROVISIONS APPLICABLE TO AWARDS
  

10.1      New Plan Limit. Subject to paragraph 10.3, the Plan Limit may be
increased from time to time, but not more than ten percent (10%) of the Shares in issue (the “New Plan Limit”) as at the date of such shareholders’ approval (the “New Approval Date”). Thereafter, as at the
date of grant of any proposed grant of Awards, the maximum number of Shares in respect of which Awards may be granted is the New Plan Limit less the aggregate of the following Shares as at that date of grant:

 
	  	
	 (a)    the number of Shares which would be issued on the exercise in full of the
Awards and awards under the other schemes granted on or after the New Approval Date but not cancelled, lapsed or exercised;
  

(b)    the number of Shares which have been issued and allotted pursuant to the exercise of any
Awards or awards under the other schemes granted on or after the New Approval Date; and
  

(c)    the number of cancelled Shares, the subject of Awards or awards under the other schemes
granted on or after the New Approval Date,
  
 provided that for so
long as the Company is a HKLR Regulated Entity, the implementation of the New Plan Limit is subject to the issue of a circular by the Company’s HKSE-listed Parent which complies with Rules 17.03(3) and 17.06 of the HKSE Listing Rules, the
approval of the Company’s HKSE-listed Parent’s shareholders in a general meeting and/or such other requirements prescribed under the HKSE Listing Rules from time to time, where applicable (the “SGM Requirements”).

 

10.2      Exceeding the Plan Limit. Subject to paragraph 10.3, the Committee may
grant Awards exceeding the Plan Limit to eligible Participants specifically identified by the Committee, provided that for so long as the Company is a HKLR Regulated Entity, such grant exceeding the Plan Limit shall be subject to the SGM
Requirements.
  
	  	Note to
 LR17.03(14)

	 10.3      Maximum limit. Any increase in the Plan Limit
pursuant to paragraphs 10.1 or 10.2 shall in no event result in the number of Shares which may be issued upon exercise of all outstanding Awards granted and yet to be exercised under this Plan and the other schemes exceeding thirty percent
(30%) of the Shares in issue from time to time.
  
	  	  
 Note (2) to

LR17.03(3)

	 10.4      Adjustment of the Plan Limit. The Plan Limit referred
to in paragraph 4.1 (or as increased in accordance with paragraphs 10.1 and/or 10.2, as the case maybe) shall be adjusted, in such manner as the auditors or the approved independent financial adviser shall certify to be appropriate, fair and
reasonable in the event of any alteration in the capital structure of the Company in accordance with Article 11 whether by way of capitalization issue, rights issue, sub-division or consolidation of Shares or reduction of share capital of the
Company.
  
	  	
	 10.5      Exercise Price. The exercise price in relation to
each Option and Share Appreciation Right offered to an eligible Participant shall, subject to the adjustments referred to in Article 11, be determined by the Committee in its absolute discretion but in any event shall not be less than the par value
of a Share, provided that for so long as the Company is a HKLR Regulated Entity, if the Company resolves to seek an additional listing (in addition to its existing NASDAQ listing) of its shares on the HKSE (either Main Board or GEM) or other stock
exchange: (a) the exercise price of any Options granted after the Company has resolved to seek an additional listing and up to the date of the additional listing must not be lower than the new issue price (if any) applicable to the additional
listing; (b) the exercise price of any Option granted during the period of six months immediately preceding such application shall, upon listing be automatically adjusted to the greater of the original exercise price and the new issue price (if
any) applicable to the additional listing; any such adjustment required hereby shall be conditional on the additional listing being successfully completed and shall take effect on the date of completion of the additional listing.

 
	  	  
  
  

 
 Note (2) to

LR17.03(9)

	 10.6      Stand-Alone and Tandem Awards. Awards granted
pursuant to the Plan may, in the discretion of the Committee, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be granted
either at the same time as or at a different time from the grant of such other Awards.
	  	

  
 13 

			
	 10.7      Award Agreement. Awards under the Plan shall be
evidenced by Award Agreements that set forth the terms, conditions and limitations for each Award which may include the term of an Award, the provisions applicable in the event the Participant’s employment or service terminates, and the
Company’s authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind an Award.
  
	  	
	 10.8      Limits on Transfer. No right or interest of a
Participant in any Award may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Subsidiary, or shall be subject to any lien, obligation, or liability of such Participant to any other party other than the
Company or a Subsidiary. Except as otherwise provided by the Committee, no Award shall be assigned, transferred, or otherwise disposed of by a Participant other than by will or the laws of descent and distribution. The Committee by express provision
in the Award or an amendment thereto may permit an Award (other than an Incentive Share Option) to be transferred to, exercised by and paid to certain persons or entities related to the Participant, including but not limited to members of the
Participant’s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial owners are members of the Participant’s family and/or charitable institutions, or to such other persons or entities as may be
expressly approved by the Committee, pursuant to such conditions and procedures as the Committee may establish. Any permitted transfer shall be subject to the condition that the Committee receives evidence satisfactory to it that the transfer is
being made for estate and/or tax planning purposes (or to a “blind trust” in connection with the Participant’s termination of employment or service with the Company or a Subsidiary to assume a position with a governmental, charitable,
educational or similar non-profit institution) and on a basis consistent with the Company’s lawful issue of securities. Any breach of the foregoing shall entitle the Company to cancel any outstanding Awards or any part thereof granted to such
Participant.
  

10.9      Beneficiaries. Notwithstanding paragraph 10.8, a Participant may, in
the manner determined by the Committee, designate a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal
representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award Agreement otherwise provide,
and to any additional restrictions deemed necessary or appropriate by the Committee. If the Participant is married and resides in a community property jurisdiction, a designation of a person other than the Participant’s spouse as his or her
beneficiary with respect to more than 50% of the Participant’s interest in the Award shall not be effective without the prior written consent of the Participant’s spouse. If no beneficiary has been designated or survives the Participant,
payment shall be made to the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided
the change or revocation is filed with the Committee.
  

10.10    Share Certificates. Notwithstanding anything herein to the contrary, the Company
shall not be required to issue or deliver any certificates evidencing Shares pursuant to the exercise of any Award, unless and until the Board has determined, with advice of counsel, that the issuance and delivery of such certificates is in
compliance with all Applicable Laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the Shares are listed or traded. The Committee may require each Participant purchasing or acquiring Shares
pursuant to an Award under the Plan to represent to and agree with the Company in writing that such person is acquiring the Shares for investment and proprietary purposes. All Share certificates delivered pursuant to the Plan are subject to any
stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with federal, state, or foreign jurisdiction, securities or other laws, rules and regulations and the rules of any national securities exchange or
automated quotation system on which the Shares are listed, quoted, or traded. The Committee may place legends on any Share certificate to reference restrictions applicable to the Share. In addition to the terms and conditions provided herein, the
Board may require that a Participant make such reasonable covenants, agreements, and representations as the Board, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee shall have the
right to require any Participant to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee.

 
 10.11    Paperless
Administration. Subject to Applicable Laws, the Committee may make Awards, provide applicable disclosure and procedures for exercise of Awards by an internet website or interactive voice response system for the paperless administration of
Awards.
	  	  
  
  

 
 LR17.03(17)

  
 14 

			
	 10.12    Foreign Currency. A Participant may be required to provide
evidence that any currency used to pay the exercise price of any Award were acquired and taken out of the jurisdiction in which the Participant resides in accordance with Applicable Laws, including foreign exchange control laws and regulations.

 
 10.13    Award Rules.
Notwithstanding any other provisions herein, any requirements or restrictions that apply to the Company, the Plan and the exercise of discretions of the Committee in paragraphs 10.1 to 10.5 shall cease to apply after the Company ceases to be a HKLR
Regulated Entity.
  
 ARTICLE 11

 
 CHANGES IN CAPITAL STRUCTURE

 
	  	
	 11.1      Adjustments. In the event of any extraordinary
dividend, share split, combination or exchange of Shares, amalgamation, arrangement or consolidation, spin-off, recapitalization, reorganization, partial or complete liquidation, reclassification, merger, consolidation, separation, split-up,
spin-off, combination, exchange of Shares, warrants or rights offering to purchase Shares at a price substantially below Fair Market Value or other distribution (other than normal cash dividends) of Company assets to its shareholders, or any other
change affecting the number of the Shares or the share price of a Share, the Committee shall make proportionate and equitable adjustments to reflect such change with respect to (a) the aggregate number and type of shares that may be issued
under the Plan (including, but not limited to, adjustments of the limitations in paragraph 4.1); (b) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect
thereto); and (c) the grant price or exercise price per Share for any outstanding Awards under the Plan, in order to preserve, but not increase, the benefits or potential benefits intended to be made available under the Plan. Any such
adjustments shall be made in such manner as the Committee may determine in its discretion; provided that for so long the Company remains a HKLR Regulated Entity, no such adjustment shall operate to affect adversely the terms of any Option granted or
agreed to be granted prior to such adjustment or to reduce the proportion of the equity capital to which any person was entitled pursuant to such Option prior to such adjustment.

 
	  	  
 LR17.03(10)

 
 LR17.03(13)
  

 
  
  

Note
 to

LR17.03(13)

	 11.2      Outstanding Awards – Corporate Transactions. In
the event of a Corporate Transaction, each Award will terminate upon the consummation of the Corporate Transaction, unless the Award is assumed by the successor entity or Parent thereof in connection with the Corporate Transaction. Except as
provided otherwise in an individual Award Agreement, in the event of a Corporate Transaction and:
  

(a)    the Award either is (i) assumed by the successor entity or Parent thereof or replaced
with a comparable Award (as determined by the Committee) with respect to shares of the capital stock of the successor entity or Parent thereof or (ii) replaced with a cash incentive program of the successor entity which preserves the
compensation element of such Award existing at the time of the Corporate Transaction and provides for subsequent payout in accordance with the same vesting schedule applicable to such Award, then such Award (if assumed), the replacement Award (if
replaced), or the cash incentive program automatically shall become fully vested, exercisable and payable and be released from any restrictions on transfer (other than transfer restrictions applicable to Awards) and repurchase or forfeiture rights,
immediately upon termination of the Participant’s employment or service with all Service Recipient within twelve (12) months of the Corporate Transaction without cause; and

 
 (b)    For each Award that is
neither assumed nor replaced, such portion of the Award shall automatically become fully vested and exercisable and be released from any repurchase or forfeiture rights (other than repurchase rights exercisable at Fair Market Value) for all of the
Shares at the time represented by such portion of the Award, immediately prior to the specified effective date of such Corporate Transaction, provided that the Participant remains an Employee, Consultant or Director immediately prior to the
effective date of the Corporate Transaction.
  

11.3      Outstanding Awards – Other Changes. In the event of any other
change in the capitalization of the Company or corporate change other than those specifically referred to in this Article 11, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards
outstanding on the date on which such change occurs and in the per share grant price or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement of rights.
	  	LR17.03(12)

  
 15 

			
	 11.4      No Other Rights. Except as expressly provided in the
Plan, no Participant shall have any rights by reason of any subdivision or consolidation of Shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or
consolidation of the Company or any other corporation. Except as expressly provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares of any class, or securities convertible into shares of any
class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of shares subject to an Award or the grant price or exercise price of any Award.

 
 11.5      Other
Rules. Notwithstanding any other provisions herein, any requirements or restrictions that apply to the Company, this Plan and the exercise of discretions of the Committee in paragraphs 11.1, 11.2 and 11.4 of this Article shall cease to apply
after the Company ceases to be a HKLR Regulated Entity.
  
 ARTICLE
12
  
 ADMINISTRATION

 

12.1      Committee. The Committee shall administer the Plan. Notwithstanding the
foregoing, (a) the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan if required by Applicable Law, and with respect to Awards granted to independent non-executive Directors or
Non-Employee Directors and for purposes of such Awards, the term “Committee” as used in the Plan shall be deemed to refer to the Board; and (b) the Board or Committee may delegate its authority hereunder to the extent permitted by
paragraph 12.5 below.
  

12.2      Action by the Committee. A majority of the Committee shall constitute a
quorum. The acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the
Committee is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any
executive compensation consultant or other professional retained by the Company to assist in the administration of the Plan.
  
	  	  
 LR17.03(10)

	 12.3      Authority of Committee. Subject to any specific
designation in the Plan and paragraph 12.5 below, the Committee has the exclusive power, authority and discretion to:
  

(a)    designate Participants to receive Awards;

 
 (b)    determine the type or
types of Awards to be granted to each Participant;
  

(c)    determine the number of Awards to be granted and the number of Shares to which an Award
will relate;
  

(d)    determine the terms and conditions of any Award granted pursuant to the Plan, including,
but not limited to, the exercise price, grant price, or purchase price, any minimum period for which the Award must be held for before it can be exercised, any performance targets which must be achieved before an Award can be exercised, any
restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof, any provisions related to non-competition and recapture of gain on
an Award, based in each case on such considerations as the Committee in its sole discretion determines;
  
	  	LR17.03(18)
	 (e)    determine whether, to what extent, and pursuant to what circumstances and
amount an Award may be settled in, or the exercise price of an Award may be paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered;

 
 (f)     prescribe the
form of each Award Agreement, which need not be identical for each Participant;
  

(g)    decide all other matters that must be determined in connection with an Award;

 
 (h)    establish, adopt, or
revise any rules and regulations as it may deem necessary or advisable to administer the Plan;
	  	  
 LR17.03(8)

  
 16 

			
	 (i)     interpret the terms of, and any matter arising pursuant to, the
Plan or any Award Agreement;
  

(j)     vary the terms of Awards to take account of tax and securities law and other
regulatory requirements or to procure favorable tax treatment for Participants;
  

(k)    correct any defects, supply any omission or reconcile any inconsistency in any Award
Agreement or the Plan; and
  

(l)     make all factual and other decisions and determinations that may be required pursuant
to the Plan or as the Committee deems necessary or advisable to administer the Plan, including but not limited to the determination in relation to the Termination of Services.
  

12.4      Decisions Binding. The Committee’s interpretation of the Plan, any
Awards granted pursuant to the Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan (a) shall be made in the Committee’s sole discretion and (b) are final, binding, and conclusive
for all purposes and upon all parties.
  

12.5      Administration of the Plan. Notwithstanding any other provisions
herein, the Committee (save where certain matters stated in this Plan are reserved for the Board) shall, at all times, administer the Plan and exercise its power pursuant to paragraph 12.3 hereof in accordance with the relevant requirements under
the Applicable Laws.
  

12.6      Delegation of Authority. To the extent permitted by Applicable Laws,
the Board or Committee may from time to time delegate to a committee of one or more officers of the Company (including Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Human Resource Officer, or equivalent) the authority
to take the administrative actions pursuant to Article 12; provided, however, that in no event shall any delegated personnel be delegated the authority to grant awards to, or amend awards held by, the following individuals:
(a) individuals who are subject to Section 16 of the Exchange Act, or (b) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder. Any delegated personnel hereunder shall be
subject to the restrictions and limits that the Board or Committee specifies at the time of such delegation, and the Board may at any time rescind the authority so delegated.
  

12.7      Relevance of HKSE Listing Rules. Notwithstanding any other provisions
herein, all references to (a) the Company’s obligation to comply with or observe the applicable HKSE Listing Rules, or (b) its completion of any actions to be taken hereunder being made subject to its HKSE-listed Parent’s
compliance with any applicable HKSE Listing Rules, set forth herein shall apply to the Company for so long it is a HKLR Regulated Entity or its HKSE-listed Parent is required to comply with such HKSE Listing Rules. All such obligations shall cease
to apply to the Company, this Plan and the exercise of discretions by the Committee, as soon as the Company ceases to be a HKLR Regulated Entity or to the extent the Company and/or the HKSE-listed Parent, as the case may be, is not required to
comply with such HKSE Listing Rules, without any further amendment to this Plan.
  

ARTICLE 13
  

EFFECTIVE AND EXPIRATION DATE
  

13.1      Amendment Effective Date. The Plan, as amended hereby, is effective as
of the date both of the following conditions are met:
  

(a)    the passing of the necessary resolutions by the directors and shareholders of the Company
in meetings called for the purpose of approving the Plan, as amended hereby; and
  

(b)    the passing of the necessary resolutions by the directors and shareholders of MIDL in
meetings called for the purpose of approving the Plan, as amended hereby.
  
	  	
	 13.2      Expiration Date. The Plan will expire on, and no
Award may be granted pursuant to the Plan after December 7, 2021, being the tenth anniversary of the original effective date of this Plan. Any Awards that are outstanding on December 7, 2021 shall remain in force according to the terms of
the Plan and the applicable Award Agreement.
	  	LR17.03(11)

  
 17 

			
	 ARTICLE 14
  

AMENDMENT, MODIFICATION, AND TERMINATION
  
	  	
	 14.1      Amendment, Modification, and Termination. Subject to
Applicable Laws, with the approval of the Board, at any time and from time to time, the Committee may terminate, amend or modify the Plan; provided, however, that:
  

(a)    to the extent necessary and desirable to comply with any applicable law, regulation, or
stock exchange rule, the Company shall obtain shareholder approval of any Plan amendment in such a manner and to such a degree as required;
  

(b)    shareholder approval of the Company is required for any amendment to the Plan that:

 

(i)       increases the number of Shares available under the Plan (other than any
adjustment as provided by Article 11);
  

(ii)      results in a material increase in benefits or a change in eligibility
requirements;
  

(iii)     changes the authority of the Board, the Directors or the Committee in relation to
any alteration to the terms of this Plan; or
  

(iv)     is of a material nature; and

 
 (c)    the Plan as amended
under (a) and (b) of this paragraph 14.1 shall remain in compliance with the applicable HKSE Listing Rules, unless waived by the HKSE or the Company ceased to be a HKLR Regulated Entity.

 
 For so long as the Company is considered a subsidiary of a HKSE-listed
company, the Plan amendment referred to in (a) and (b) of this paragraph 14.1 will take effect upon the approval by the shareholders of such HKSE-listed Parent. For the purpose of the Plan, shareholder approval means the affirmative vote
of a simple majority of votes cast by shareholders of the Company or the HKSE-listed Parent (as relevant) present or represented and entitled to vote at a meeting duly held in accordance with the applicable provisions of the Company’s or the
HKSE-listed Parent’s constitutional documents.
  

14.2      Awards Previously Granted. Except with respect to amendments made
pursuant to paragraph 14.1, no termination, amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted pursuant to the Plan and other previous plans without the prior written consent of the
Participant. In the event that the amendments shall affect an Award that is an Option, the approval of the HKSE-listed Parent shall be required for so long as the Company remains a HKLR Regulated Entity.

 
 ARTICLE 15

 
 CANCELLATION OF OPTIONS

 
	  	 LR17.03(18) 
 Notes (1), (2),

(3) and (4) to
 LR17.03

	 15.1      Options Granted but not Exercised. Any cancellation
of Options granted but not exercised must be approved by the Participants of the relevant Options in writing. For the avoidance of doubt, such approval is not required in the event any Option is cancelled pursuant to paragraph 10.8. Where the
Company cancels Options, the grant of new Options to the same Participant may only be made under this Plan within the limits set out in paragraph 4.1.
  

ARTICLE 16
  

DISCLOSURE
  

16.1      Disclosure. The details of this Plan and other share incentive schemes
of the Company and its Subsidiaries will be subject to public disclosure by the Company and/or its Parent, as required, in compliance with all Applicable Laws in force from time to time
	  	  
 LR17.03(14)

  
 18 

			
	 ARTICLE 17
  

GENERAL PROVISIONS
  

17.1      No Rights to Awards. No Participant, employee, or other person shall
have any claim to be granted any Award pursuant to the Plan, and neither the Company nor the Committee is obligated to treat Participants, employees, and other persons uniformly.

 
 17.2      No
Shareholders Rights. No Award gives the Participant any of the rights of a Shareholder of the Company unless and until Shares are in fact issued to such person in connection with such Award.

 

17.3      Taxes. No Shares shall be delivered under the Plan to any Participant
until such Participant has made arrangements acceptable to the Committee for the satisfaction of any income and employment tax withholding obligations under Applicable Laws, including, without limitation, Macau, Hong Kong or PRC tax laws, rules,
regulations and government orders or the U.S. Federal, state or local tax laws, as applicable. The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount
sufficient to satisfy federal, state, local and foreign taxes (including the Participant’s payroll tax obligations) required by law to be withheld with respect to any taxable event concerning a Participant arising as a result of this Plan. The
Committee may, in its discretion and in satisfaction of the foregoing requirement, allow a Participant to elect to have the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market Value equal to
the sums required to be withheld. Notwithstanding any other provision of the Plan, the number of Shares which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from the Participant
of such Award after such Shares were acquired by the Participant from the Company) in order to satisfy the Participant’s federal, state, local and foreign income and payroll tax liabilities with respect to the issuance, vesting, exercise or
payment of the Award shall, unless specifically approved by the Committee, be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the
minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income.
  

17.4      Section 409A of the Code.

 
 (a)    Notwithstanding any
contrary provision in the Plan or an Award Agreement, if any provision of the Plan or an Award Agreement contravenes any regulations or guidance promulgated under Section 409A of the Code or would cause an Award to be subject to additional
taxes, accelerated taxation, interest and/or penalties under Section 409A of the Code, such provision of the Plan or Award Agreement may be modified by the Committee without consent of the Participant in any manner the Committee deems
reasonable or necessary. In making such modifications the Committee shall attempt, but shall not be obligated, to maintain, to the maximum extent practicable, the original intent of the applicable provision without contravening the provisions of
Section 409A of the Code. Moreover, any discretionary authority that the Committee may have pursuant to the Plan shall not be applicable to an Award that is subject to Section 409A of the Code to the extent such discretionary authority
would contravene Section 409A of the Code or the guidance promulgated thereunder.
  

(b)    Notwithstanding any provision of the Plan or an Award Agreement to the contrary, if, upon
the termination of a Participant’s employment with the Company for any reason, the Company determines that the Participant is a Specified Employee, no payments shall be made with respect to an Award that is subject to Section 409A of the
Code before the date that is the first business day following the six-month anniversary of the Participant’s Separation From Service for any reason, or if earlier, upon the Participant’s death. The provisions of this Section 16.4(b)
shall only apply if required pursuant to Section 409A of the Code.
  

17.5      No Right to Employment or Services. Nothing in the Plan or any Award
Agreement shall interfere with or limit in any way the right of the Service Recipient to terminate any Participant’s employment or services at any time, nor confer upon any Participant any right to continue in the employ or service of any
Service Recipient.
  
	  	

  
 19 

			
	 17.6      Unfunded Status of Awards. The Plan is intended to be
an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater
than those of a general creditor of the Company or any Subsidiary.
  

17.7      Indemnification. To the extent allowable pursuant to applicable law,
each member of the Committee or of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any
claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction of
judgment in such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own
behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Memorandum of Association and Articles of Association, as a matter of
law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.
  

17.8      Relationship to other Benefits. No payment pursuant to the Plan shall
be taken into account in determining any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except to the extent otherwise expressly provided in
writing in such other plan or an agreement thereunder.
  

17.9      Expenses. The expenses of administering the Plan shall be borne by the
Company and its Subsidiaries.
  

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

17.11    Fractional Shares. No fractional shares of Share shall be issued and the Committee
shall determine, in its discretion, whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding up or down as appropriate.

 
 17.12    Severability.
If any provision of this Plan is held unenforceable, the remainder of the Plan shall continue in full force and effect without regard to such unenforceable provision and shall be applied as though the unenforceable provision were not contained in
the Plan.
  

17.13    Government and Other Regulations. The obligation of the Company to make payment of
awards in Share or otherwise shall be subject to all Applicable Laws, rules, and regulations, and to such approvals by government agencies as may be required. The Company shall be under no obligation to register any of the Shares paid pursuant to
the Plan under the Securities Act or any other similar law in any applicable jurisdiction. If the Shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Act or other Applicable Laws the
Company may restrict the transfer of such shares in such manner as it deems advisable to ensure the availability of any such exemption.
  

17.14    Governing Law. The Plan and all Award Agreements shall be construed in accordance
with and governed by the laws of the Cayman Islands.
	  	

 Issue No. 3 
 Approved by
Extraordinary General Meeting 
 Approved Date: December 7, 2016 

Certified to be a true copy by Company Secretary 

			
		
	Signature :	 	 

 Amendment History: 

  
 20 

							
	 Issue
	  	 Plan Reference
	  	 Shareholder Approval Date
	  	 Implementation Date

				
	1	  	2011 SIP	  	October 6, 2011	  	December 7, 2011
				
	2	  	2015 Amendments	  	May 20, 2015	  	July 3, 2015
				
	3	  	2016 Amendments	  	December 7, 2016	  	December 9, 2016

  
 21

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