Document:

EX-10.2

 Exhibit 10.2 

[            ], 2016 

Saban Capital Acquisition Corp. 
 10100 Santa Monica Boulevard,
26th Floor 
 Los Angeles, California 90067 
  

	Re:	Initial Public Offering 

 Ladies and Gentlemen: 

This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the
“Underwriting Agreement”) entered into or proposed to be entered into by and between Saban Capital Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Deutsche Bank Securities
Inc. and Goldman, Sachs & Co., as the underwriters (the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”), of 23,000,000 of the Company’s units
(including up to 3,000,000 units that may be purchased to cover over-allotments, if any) (the “Units”), each comprised of one Class A ordinary share of the Company, par value $0.0001 per share (the “Ordinary
Shares”), and one-half of one warrant (each, a “Warrant”). Each whole Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share), subject to adjustment. The Units
shall be sold in the Public Offering pursuant to a registration statement on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the Securities and Exchange Commission (the
“Commission”) and the Company shall apply to have the Units listed on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph 11 hereof. 

In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Saban Sponsor LLC, a Delaware limited liability company (the “Sponsor”), and the undersigned individuals (each, an
“Insider” and collectively, the “Insiders”), hereby agrees with the Company as follows: 

1. The Sponsor and each Insider agrees that if the Company seeks shareholder approval of a proposed Business Combination, then in connection
with such proposed Business Combination, it, he or she shall (i) vote any Ordinary Shares owned by it, him or her in favor of any proposed Business Combination and (ii) not redeem any Ordinary Shares owned by it, him or her in connection with such
shareholder approval. 
 2. The Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business
Combination within 24 months from the closing of the Public Offering, or such later period approved by the Company’s shareholders in accordance with the Company’s amended and restated memorandum and articles of association, the Sponsor and
each Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten (10) business days thereafter, subject to lawfully
available funds therefor, redeem 100% of the 

 
Ordinary Shares sold as part of the Units in the Public Offering (the “Offering Shares”), at a per share price, payable in cash, equal to the aggregate amount then on
deposit in the Trust Account, including interest (which interest shall be net of taxes payable and less up to $50,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering Shares, which redemption will
completely extinguish all Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of
creditors and other requirements of applicable law. The Sponsor and each Insider agrees to not propose any amendment to the Company’s amended and restated memorandum and articles of association that would affect the substance or timing of
the Company’s obligation to redeem 100% of the Offering Shares if the Company does not complete a Business Combination within 24 months from the closing of the Public Offering, unless the Company provides its Public Shareholders with the
opportunity to redeem their Ordinary Shares upon approval of any such amendment at a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes
payable), divided by the number of then outstanding Offering Shares. 
 The Sponsor and each Insider acknowledges that it, he or she has no
right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder Shares held by it. The Sponsor and each
Insider hereby further waives, with respect to any Ordinary Shares held by it, him or her, if any, any redemption rights it, he or she may have in connection with the consummation of a Business Combination, including, without limitation, any such
rights available in the context of a shareholder vote to approve such Business Combination or in the context of a tender offer made by the Company to purchase Ordinary Shares (although the Sponsor and the Insiders shall be entitled to redemption and
liquidation rights with respect to any Ordinary Shares it or they hold if the Company fails to consummate a Business Combination within 24 months from the date of the closing of the Public Offering). 

3. Notwithstanding the provisions set forth in paragraphs 7(a) and (b) below, during the period commencing on the effective date of the
Underwriting Agreement and ending 180 days after such date, the Sponsor and each Insider shall not, without the prior written consent of Deutsche Bank Securities Inc. and Goldman, Sachs & Co., (i) offer, sell, contract to sell, pledge or
otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise), directly or
indirectly, including the filing (or participation in the filing) of a registration statement with the Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the
meaning of Section 16 of the Securities Exchange Act of 1934, as amended, with respect to, any Units, Ordinary Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for, Ordinary Shares or publicly announce an
intention to effect any such transaction. Each of the Insiders and the Sponsor acknowledges and agrees that, prior to the effective date of any release or waiver, of the restrictions set forth in this paragraph 3 or paragraph 7 below, the
Company shall announce the impending release or waiver by press release through a major news service at least two business days before the effective date of the 

  
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release or waiver. Any release or waiver granted shall only be effective two business days after the publication date of such press release. The provisions of this paragraph will not
apply if the release or waiver is effected solely to permit a transfer not for consideration and the transferee has agreed in writing to be bound by the same terms described in this Letter Agreement to the extent and for the duration that such terms
remain in effect at the time of the transfer. 
 4. In the event of the liquidation of the Trust Account, the Sponsor (which for purposes of
clarification shall not extend to any other shareholders, members or managers of the Sponsor) agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to,
any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of any claim by (i)
any third party for services rendered or products sold to the Company or (ii) a prospective target business with which the Company has entered into an acquisition agreement (a “Target”); provided, however, that
such indemnification of the Company by the Sponsor shall apply only to the extent necessary to ensure that such claims by a third party for services rendered (other than the Company’s independent public accountants) or products sold to the
Company or a Target do not reduce the amount of funds in the Trust Account to below (i) $10.00 per share of the Offering Shares or (ii) such lesser amount per share of the Offering Shares held in the Trust Account due to reductions in the value of
the trust assets as of the date of the liquidation of the Trust Account, in each case, net of the amount of interest earned on the property in the Trust Account which may be withdrawn to pay taxes, except as to any claims by a third party who
executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as
amended. In the event that any such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall not be responsible to the extent of any liability for such third party claims. The Sponsor shall have the right
to defend against any such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of the claim to the Sponsor, the Sponsor notifies the Company in writing that it shall
undertake such defense. 
 5. To the extent that the Underwriters do not exercise their over-allotment option to purchase up to an
additional 3,000,000 Units within 45 days from the date of the Prospectus (and as further described in the Prospectus), the Sponsor agrees that it shall forfeit, at no cost, a number of Founder Shares in the aggregate equal to 750,000 multiplied by
a fraction, (i) the numerator of which is 3,000,000 minus the number of Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,000,000. All references in this Letter
Agreement to Ordinary Shares of the Company being forfeited shall take effect as surrenders for no consideration of such Ordinary Shares as a matter of Cayman Islands law. The forfeiture will be adjusted to the extent that the over-allotment
option is not exercised in full by the Underwriters so that the Initial Shareholders will own an aggregate of 20.0% of the Company’s issued and outstanding Ordinary Shares after the Public Offering. The Initial Shareholders further agree
that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a capitalization or share repurchase or redemption, as applicable, immediately prior to the consummation of the Public Offering in such amount
as to maintain the ownership of the Initial Shareholders prior to the Public Offering at 20.0% of the 

  
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Company’s issued and outstanding Ordinary Shares upon the consummation of the Public Offering. In connection with such increase or decrease in the size of the Public Offering, then (A)
the references to 3,000,000 in the numerator and denominator of the formula in the first sentence of this paragraph shall be changed to a number equal to 15% of the number of Ordinary Shares included in the Units issued in the Public Offering and
(B) the reference to 750,000 in the formula set forth in the immediately preceding sentence shall be adjusted to such number of Founder Shares that the Sponsor would have to return to the Company in order to hold (with all of the Initial
Shareholders) an aggregate of 20.0% of the Company’s issued and outstanding Ordinary Shares after the Public Offering. 
 6. (a) The
Sponsor and each Insider hereby agrees not to participate in the formation of, or become an officer or director of, any other blank check company until the Company has entered into a definitive agreement regarding its Business Combination or the
Company has failed to complete a Business Combination within 24 months after the closing of the Public Offering. Such restriction does not preclude the Sponsor or any Insider from pursuing interests in asset management companies. For the
avoidance of doubt, the Sponsor and each Insider are allowed to participate in the formation of, or become an officer or director of, another blank check company upon completion of the Business Combination. 

(b) The Sponsor and each Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably injured
in the event of a breach by such Sponsor or Insider of its or his obligations under paragraphs 1, 2, 3, 4, 5, 6(a), 7(a), 7(b), and 9 of this Letter Agreement (ii) monetary damages may not be an adequate remedy for such breach and (iii) the
non-breaching party shall be entitled to seek injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach. 

7. (a) The Sponsor and each Insider agrees that it shall not Transfer (as defined below) any Founder Shares (or Ordinary Shares issuable upon
conversion thereof) until the earlier of (A) one year after the completion of the Company’s initial Business Combination or (B) subsequent to the Business Combination, (x) if the last sale price of the Ordinary Shares equals or exceeds $12.00
per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or
(y) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s
shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder Shares Lock-up Period”). 

(b) The Sponsor and each Insider agrees that it shall not Transfer any Private Placement Warrants (or Ordinary Shares issued or issuable upon
the conversion of the Private Placement Warrants), until 30 days after the completion of a Business Combination (the “Private Placement Warrants Lock-up Period”, together with the Founder Shares Lock-up Period, the
“Lock-up Periods”). 
 (c) Notwithstanding the provisions set forth in paragraphs 7(a) and (b), Transfers of the
Founder Shares, Private Placement Warrants and Ordinary Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares and that are held 

  
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by the Sponsor or its permitted transferees (that have complied with this paragraph 7(c)), are permitted (a) to the Company’s officers or directors, to officers, directors, members or
beneficial owners of the Sponsor, to any affiliates or family members of the foregoing or to any trust where any of the foregoing is the primary beneficiary; (b) in the case of any beneficial owner of the Sponsor or an individual, by gift to a
member of the beneficial owner’s or individual’s immediate family, to a trust, the beneficiary of which is a member of the beneficial owner’s or individual’s immediate family or an affiliate of such person or beneficial owner, or
to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or
in connection with the consummation of a Business Combination at prices no greater than the price at which the shares were originally purchased; (f) in the event of the Company’s liquidation prior to the completion of an initial Business
Combination; (g) by virtue of the laws of the Cayman Islands or the Sponsor’s memorandum and articles of association upon dissolution of the Sponsor; and (h) in the event of the Company’s completion of a liquidation, merger, share
exchange, reorganization or other similar transaction which results in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of the
Company’s initial Business Combination; provided, however, that in the case of clauses (a) through (e), these permitted transferees must enter into a written agreement agreeing to be bound by the restrictions herein. 

8. The Sponsor and each Insider represents and warrants that it, he or she has never been suspended or expelled from membership in any
securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked. Each Insider’s biographical information furnished to the Company, if any, (including any such
information included in the Prospectus) is true and accurate in all respects and does not omit any material information with respect to the undersigned’s background. Each Insider’s questionnaire furnished to the Company, if any, is
true and accurate in all respects. Each Insider represents and warrants that: it is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or
stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; it has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or
handling of funds of another person, or (iii) pertaining to any dealings in any securities and it is not currently a defendant in any such criminal proceeding. 

9. Except as disclosed in the Prospectus, neither the Sponsor nor any Insider nor any affiliate of the Sponsor or any Insider, nor any
director or officer of the Company, shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of any repayment of a loan or other compensation prior to, or in connection with any services rendered in
order to effectuate the consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is), other than the following, none of which will be made from the proceeds held in the Trust Account prior to the
completion of the initial Business Combination: payment to an affiliate of the Sponsor for office space, utilities and secretarial support for a total of $10,000 per month; reimbursement for any reasonable out-of-pocket expenses related to
identifying, investigating and consummating an initial Business Combination, and repayment of loans, if any, and on such terms as to be determined by the Company from time to time, made by the Sponsor or any of the Company’s officers or
directors 

  
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to finance transaction costs in connection with an intended initial Business Combination, provided, that, if the Company does not consummate an initial Business Combination, a portion of the
working capital held outside the Trust Account may be used by the Company to repay such loaned amounts so long as no proceeds from the Trust Account are used for such repayment. Up to $1,000,000 of such loans may be convertible into warrants at
a price of $1.00 per warrant at the option of the lender. Such warrants would be identical to the Private Placement Warrants. 
 10.
The Sponsor and each Insider has full right and power, without violating any agreement to which it is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into this
Letter Agreement and, as applicable, to serve as a director on the board of directors of the Company and hereby consents to being named in the Prospectus as a director of the Company. 

11. As used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination, involving the Company and one or more businesses; (ii) “Shares” shall mean, collectively, the Ordinary Shares and the Founder Shares; (iii) “Founder
Shares” shall mean the 5,750,000 Class F Ordinary Shares, par value $0.0001 per share, initially issued to the Sponsor (or 5,000,000 shares if the over-allotment option is not exercised by the Underwriters) for an aggregate purchase
price of $25,000, or approximately $0.004 per share, prior to the consummation of the Public Offering; (iv) “Initial Shareholders” shall mean the Sponsor and any Insider that holds Founder Shares; (v) “Private
Placement Warrants” shall mean the Warrants to purchase up to 6,000,000 Ordinary Shares of the Company (or 6,600,000 Ordinary Shares if the over-allotment option is exercised in full) that the
Sponsor has agreed to purchase for an aggregate purchase price of $6,000,000 in the aggregate (or $6,600,000 if the over-allotment option is exercised in full), or $1.00 per Warrant, in a private placement that shall occur simultaneously with the
consummation of the Public Offering; (vi) “Public Shareholders” shall mean the holders of securities issued in the Public Offering; (vii) “Trust Account” shall mean the trust fund into which a portion
of the net proceeds of the Public Offering shall be deposited; and (viii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b). 

12. This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and
supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter
Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto. 

  
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 13. No party hereto may assign either this Letter Agreement or any of its rights, interests, or
obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported
assignee. This Letter Agreement shall be binding on the Sponsor and each Insider and their respective successors, heirs and assigns and permitted transferees. 

14. This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way
to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to
such exclusive jurisdiction and venue or that such courts represent an inconvenient forum. 
 15. Any notice, consent or request to be given
in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile
transmission. 
 16. Each party hereto shall not be liable for any breaches or misrepresentations contained in this Letter Agreement by any
other party to this Letter Agreement (including, for the avoidance of doubt, any Insider with respect to any other Insider), and no party shall be liable or responsible for the obligations of another party, including, without limitation,
indemnification obligations and notice obligations. 
 17. This Letter Agreement shall terminate on the earlier of (i) the expiration of the
Lock-up Periods or (ii) the liquidation of the Company; provided, however, that this Letter Agreement shall earlier terminate in the event that the Public Offering is not consummated and closed
by December 31, 2016; provided further that paragraph 4 of this Letter Agreement shall survive such liquidation. 
 [Signature Page
follows] 

  
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	Sincerely,
	
	SABAN SPONSOR LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	  

	Haim Saban
	
	  

	Adam Chesnoff
	
	  

	Chase Carey
	
	  

	James A. Rasulo
	
	  

	Bruce Rosenblum
	
	  

	Fred Gluckman
	
	  

	Philip Han
	
	  

	Niveen Tadros
	
	  

	[    ]

  

			
	Acknowledged and Agreed:
	
	SABAN CAPITAL ACQUISITION CORP.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Letter Agreement]EX-10.9

 Exhibit 10.9 

THE 2016 SHARE AWARD PLAN 
 OF

 SABAN CAPITAL ACQUISITION CORP. 

Saban Capital Acquisition Corp., a Cayman Islands exempted company (the “Company”), has adopted the 2016 Share Award Plan of Saban
Capital Acquisition Corp. (the “Plan”), effective as of August 19, 2016, for the benefit of its eligible employees, consultants, and directors. 

The purposes of the Plan are as follows: 

(1) To provide an additional incentive for Independent Directors, Employees, and Consultants (as such terms are defined below) to further the
growth, development and financial success of the Company through the ownership of Company shares by them. 
 (2) To enable the Company to
obtain and retain the services of Independent Directors, Employees, and Consultants considered essential to the long range success of the Company by offering them an opportunity to own shares in the Company which will reflect the growth, development
and financial success of the Company. 
 ARTICLE I. 

DEFINITIONS 
 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. 

1.1 “Award” shall mean an award of Class F Shares under the Plan (an “Award”). 

1.2 “Award Agreement” shall mean a written agreement executed by an authorized officer of the Company and the Holder which
shall contain such terms and conditions with respect to an Award as the Board shall determine, consistent with the Plan. 
 1.3
“Board” shall mean the Board of Directors of the Company. 
 1.4 “Cause” shall have the meaning set forth
in the separate employment agreement, Award Agreement, or other instrument with respect to a Holder or, in the absence thereof, shall mean the Holder’s (a) continued failure to substantially perform the Holder’s duties,
(b) failure to follow the lawful directions of the Board, of the Company, or of any subsidiary or affiliate by which the Executive is then employed, either directly or indirectly through its Chairman, (c) commission of material, willful
acts of dishonesty, theft, fraud or similar malfeasance resulting or intending to result in personal gain or enrichment at the expense of the Company or any of its subsidiaries or affiliates, (d) commission of a felony, (e) commission of,
or indictment for, any crime or other activity involving dishonesty or moral turpitude, (f)

 
commission or indictment of any act of fraud, misappropriation or similar malfeasance, (g) violation of any written policy of the Company or any of its subsidiaries or affiliates, including,
but not limited to, the Company’s employment manuals, rules and regulations which materially and adversely affects the Company or could reasonably be expected to materially and adversely affect the Company, (h) conduct not conforming to
standards of good moral character, or which is potentially detrimental to the Company’s business, reputation, character or standing, (i) engaging in any act that is intended, or may reasonably be expected to materially harm the reputation,
business or operations of the Company or any member of its Board, or (j) other material breach of the Award Agreement or any other agreement between the Holder and the Company, including, but not limited to, any services agreement (written or
oral) and any non-competition and confidentiality agreement. 
 1.5 “Covenant Breach” shall occur if the Holder materially
breaches any restrictive covenants to which such Holder is subject with respect to the Company (including, if applicable, breaches non-competition and non-solicitation restrictions). 

1.6 “Code” shall mean the Internal Revenue Code of 1986. 

1.7 “Class F Shares” shall mean the Class F shares in the share capital of the Company. 

1.8 “Company” shall have the meaning set forth in the Recitals above. 

1.9 “Consultant” shall mean any consultant or adviser if: 

(a) The consultant or adviser renders bona fide services to the Company; 

(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 Company to render such services. 

1.10 “DRO” shall mean a domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security
Act of 1974, as amended, or the rules thereunder. 
 1.11 “Employee” shall mean any officer or other employee (as defined
in accordance with Section 3401(c) of the Code) of the Company, or of any corporation which is a Subsidiary. 
 1.12 “Fair
Market Value” of a share of Class F Shares as of a given date shall be the fair market value of one Class F Share as established by the Board acting in good faith. 

  
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 1.13 “Holder” shall mean an Employee, Consultant, or Independent Director
granted an Award under the Plan. 
 1.14 “Independent Director” shall mean a member of the Board who is not an Employee of
the Company. 
 1.15 “Initial Business Combination” shall mean the consummation by the Company of the first merger, share
exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses consummated by the Company. 

1.16 “Plan” shall have the meaning set forth in the Recitals above. 

1.17 “Subsidiary” shall mean any corporation or other entity in an unbroken chain of entities beginning with the Company if
each of the entities other than the last entity in the unbroken chain then owns equity interests possessing fifty percent (50%) or more of the total combined voting power of all classes of equity securities in one of the other entities in such
chain. 
 1.18 “Termination Of Consultancy” shall mean the time when the engagement of a Holder as a Consultant to the
Company or a Subsidiary is terminated for any reason, with or without cause, including, but not by way of limitation, by resignation, discharge, death or retirement, but excluding terminations where there is a simultaneous commencement of employment
with the Company or any Subsidiary. The Board, in its absolute discretion, shall determine the effect of all matters and questions relating to Termination of Consultancy, including, but not by way of limitation, the question of whether a Termination
of Consultancy resulted from a discharge for good cause, and all questions of whether a particular leave of absence constitutes a Termination of Consultancy. Notwithstanding any other provision of the Plan, the Company or any Subsidiary has an
absolute and unrestricted right to terminate a Consultant’s service at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in writing. 

1.19 “Termination Of Directorship” shall mean the time when a Holder who is an Independent Director ceases to be an
Independent Director for any reason, including, but not by way of limitation, a termination by resignation, failure to be elected, death or retirement. The Board, in its sole and absolute discretion, shall determine the effect of all matters and
questions relating to Termination of Directorship with respect to Independent Directors. 
 1.20 “Termination Of
Employment” shall mean the time when the employee-employer relationship between a Holder and the Company or any Subsidiary is terminated for any reason, with or without cause, including, but not by way of limitation, a termination by
resignation, discharge, death, disability or retirement; but excluding terminations where there is a simultaneous reemployment or continuing employment of a Holder by the Company or any Subsidiary. The Board, in its absolute discretion, shall
determine the effect of all matters and questions relating to Termination of Employment, including, but not by way of limitation, the question of whether a Termination of Employment was without Cause, and all questions of whether a particular leave
of absence constitutes a Termination of Employment. 

  
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 ARTICLE II. 

SHARES SUBJECT TO PLAN 

2.1 Shares Subject to Plan. 

(a) The shares subject to Awards shall be Class F Shares. 

(b) Subject to adjustment as provided in Section 6.3, the aggregate number of shares of the Company’s Class F Shares which may be
issued under the Plan shall be 150,000 (the “Aggregate Limit”). 
 (c) If Class F Shares are surrendered by the Holder or
repurchased by the Company pursuant to last sentence of Section 4.2, such Class F Shares may again be awarded hereunder, subject to the limitations of Section 2.1(b). 

ARTICLE III. 
 GRANTING OF
AWARDS 
 3.1 Award Agreement. Each Award shall be evidenced by an Award Agreement. 

3.2 Consideration. In consideration of the granting of an Award under the Plan, in the sole and absolute discretion of the Board, the
Holder shall agree, in the Award Agreement, to pay the Company such purchase price for the Class F Share set forth in the Award Agreement. 

3.3 At-Will Employment. Nothing in the Plan or in any Award Agreement hereunder shall confer upon any Holder any right to continue in
the employ of, or as a Consultant for, the Company or any Subsidiary, or as an Independent Director of the Company, or shall interfere with or restrict in any way the rights of the Company and any Subsidiary, which are hereby expressly reserved, to
discharge any Holder at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written employment agreement between the Holder and the Company or any Subsidiary. 

ARTICLE IV. 
 GRANTING OF
SHARES TO EMPLOYEES, CONSULTANTS AND INDEPENDENT DIRECTORS 
 4.1 Rights as Shareholders. Except as otherwise provided in the
Plan, upon registration of the Holder in the register of members of the Company as the registered holder of the Class F Shares issued pursuant to an Award Agreement, the Holder shall have all the rights of a shareholder with respect to said
shares, subject to the memorandum and articles of association of the Company. No shares issued under this Plan may be sold or encumbered until after the Initial Business Combination. 

  
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 4.2 Repurchase of Class F Shares. 

(a) Unless otherwise provided in an Award Agreement, all Class F Shares issued pursuant to the Plan shall be subject to repurchase by the
Company, at the Company’s option, at Fair Market Value on the Termination of Employment, the Termination of Directorship, or the Termination of Consultancy, as the case may be, by the Holder on or before the date of the Initial Business
Combination. If (i) the Termination of Employment, the Termination of Directorship, or the Termination of Consultancy, as the case may be, of such Holder occurs for Cause, (ii) such Holder resigns for any reason on or before the date of
the Initial Business Combination, or (ii) there is a Covenant Breach by such Holder, the price paid for the Class F Shares held by such Holder at the time of such Termination or Covenant Breach, as applicable, shall be the lesser of cost of
such Class F Shares or Fair Market Value. The Company shall give the Holder notice of its intention to exercise its right of repurchase within 60 days of such termination or Covenant Breach, as applicable, and the closing of such repurchases
(including delivery of the Class F Shares by the Holder to the Company and the purchase price by the Company to the Holder) shall occur within 90 days of the Covenant Breach, Termination of Employment, the Termination of Directorship, or the
Termination of Consultancy, as the case may be, or if later, on the first day of the sixth month following issuance of the Class F Shares to the applicable Holder. 

(b) Pursuant to its general authority to determine the terms and conditions applicable to Awards under the Plan, the Board shall have the
right to provide, in the terms of Awards made under the Plan, or to require a Holder to agree by separate written instrument, that any proceeds, gains or other economic benefit actually or constructively received by the Holder as a result of Holding
of the Award, or upon the receipt or resale of any Class F Shares underlying the Award, must be paid to the Company, in each case, in excess of the cost of the Award if a Covenant Breach occurs by the Holder at any time or the Holder incurs a
Termination of Employment, Termination of Consultancy or Termination of Directorship for Cause (as defined herein). 
 (c) In connection
with any such repurchase and sale, the Holder of such Class F Shares shall be required to make customary representations and warranties to the Company, including as to the Holder’s authority to sell, the enforceability of agreements against
such Holder, the ability to transfer the Class F Shares free and clear of any liens, claims or encumbrances (other than restrictions imposed by this Plan and pursuant to applicable U.S. federal, state and foreign securities laws), the Holder being
the record and beneficial owner of such Class F Shares and the Holder having obtained or made all necessary consents, approvals, filings and notices from governmental entities or third parties to consummate the sale. 

(d) The consideration for such repurchase shall be paid in cash, provided, that in the event any credit agreement or other indebtedness of the
Company or its Subsidiaries restricts such cash payment, the Company may pay such price in the form of a promissory note, subordinated to all indebtedness of the Company, having such terms as determined in good faith by the Board. 

4.3 Legend. In order to enforce any restrictions imposed upon the Class F Shares, the Board may cause a legend or legends to be placed
on any certificates of shares issued by the Company under the Plan, if any, which legend or legends shall make appropriate reference to the conditions imposed thereby. 

  
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 4.4 Section 83(b) Election. Each Holder shall be required to make a timely election
under Section 83(b) of the Code, or any successor section thereto, with respect to any Award made under the Plan unless otherwise provided in the Award Agreement and shall deliver a copy of such election to the Company promptly after filing
such election with the Internal Revenue Service. 
 ARTICLE V. 

ADMINISTRATION 
 5.1 In
General. The Board (or a committee or a subcommittee of the Board designated by the Board) shall administer and make all determinations with respect to the Plan. 

5.2 Duties and Powers of the Board. It shall be the duty of the Board to conduct the general administration of the Plan in accordance
with its provisions. The Board shall have the power to interpret the Plan and the Award Agreements, and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith, to interpret, amend or revoke
any such rules and to amend the Plan and any Award Agreement, provided that the rights or obligations of the Holder of the Award that is the subject of any such Award Agreement are not affected adversely. Any such grant or award under the
Plan need not be the same with respect to each Holder. 
 5.3 Section 409A of the Code. Notwithstanding anything in the Plan or
any Award Agreement to the contrary, the Committee hereby reserves the right to amend the Plan and any Award Agreement without the consent of the Holder of the Award if the Board determines, in its sole and absolute discretion, that such amendment
is necessary or appropriate in order to avoid the imposition of adverse tax consequences under Section 409A of the Code on either the Holder of the Award or the Company, provided that any such amendment shall preserve, in all material aspects,
the economic benefits of any such Award from the Holder’s point of view, provided further that such amendment is not intended to provide the Holder a gross-up payment for such taxes or interest. 

ARTICLE VI. 
 MISCELLANEOUS
PROVISIONS 
 6.1 Not Transferable. Until the Initial Business Combination has occurred, no Class F Shares issued pursuant to the
Plan may be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent and distribution or, subject to the consent of the Board and to the extent permitted by applicable law, pursuant to a DRO; provided that a
Holder may be subject to other restrictions imposed by the Company or agreed with the other shareholders of the Company on transfer or alienation of the Class F Shares acquired pursuant to the Plan. Class F Shares acquired pursuant to the Plan shall
not be subject to the debts, contracts or engagements of the Holder or his successors in interest nor shall be subject to disposition by 

  
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transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment,
garnishment or any other legal or equitable proceedings (including bankruptcy). 
 6.2 Amendment, Suspension or Termination of the
Plan. Except as otherwise provided in this Section 6.2, the Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board. No amendment, suspension or termination of the
Plan shall, without the consent of the Holder, alter or impair any rights or obligations under any Award theretofore granted or awarded, unless the Award itself otherwise expressly so provides. No Awards may be granted or awarded during any period
of suspension or after termination of the Plan. 
 6.3 Changes in Class F Shares or Assets of the Company, Acquisition or Liquidation of
the Company and Other Corporate Events. 
 (a) Subject to Section 6.3(c), in the event that the Board determines that any dividend
or other distribution (whether in the form of cash, share, other securities or other property), recapitalization, reclassification, share split, reverse share split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase,
liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or exchange of Class F Shares or other securities of the Company, issuance of warrants or other rights to purchase
Class F Shares or other securities of the Company, or other similar corporate transaction or event, in the Board’s sole discretion, affects the Class F Shares such that an adjustment is determined by the Board to be appropriate in order to
prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or with respect to an Award, then the Board shall, in such manner as it may deem equitable, adjust any or all of: 

(i) the number and kind of shares of Class F Shares (or other securities or property) with respect to which Awards may be
granted or awarded; 
 (ii) the number and kind of shares of Class F Shares (or other securities or property) subject to
outstanding Awards; and 
 (iii) the price with respect to any Award. 

(b) The Board may, in its discretion, include such further provisions and limitations in any Award, agreement or certificate, as it may deem
equitable and in the best interests of the Company. 
 (c) The existence of the Plan, the Award Agreement and the Awards granted hereunder
shall not affect or restrict in any way the right or power of the Company or the shareholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its
business, any merger or consolidation of the Company, any issue of shares or of options, warrants or rights to purchase share or of bonds, debentures, preferred or prior preference shares whose rights are superior to or affect the Class F Shares or
the rights thereof or which are convertible into or exchangeable for 

  
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Class F Shares, the dissolution or liquidation of the Company, any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar
character or otherwise. 
 6.4 Tax Withholding. The Company shall be entitled to require payment in cash or deduction from other
compensation payable to each Holder of any sums required by federal, state or local tax law to be withheld with respect to the issuance, vesting, exercise or payment of any Award. 

6.5 Effect of Plan Upon Other Agreements. The adoption of the Plan shall not affect any written employment agreements or other
compensation or incentive plans in effect for the Company or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company (a) to establish any other forms of incentives or compensation for Employees, Independent
Directors or Consultants of the Company or any Subsidiary, or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose, including but not by way of limitation, the
grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, shares, or assets of any corporation, partnership, limited liability company, firm or association. 

6.6 Compliance With Laws. The Plan, and the issuance and delivery of Class F Shares and the payment of money under the Plan or under
Awards granted or awarded hereunder are subject to compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal securities law and federal margin requirements) and to such approvals by
any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Any securities delivered under the Plan shall be subject to such restrictions, and the person
acquiring such securities shall, if requested by the Company, provide such assurances and representations to the Company as the Company may deem necessary or desirable to assure compliance with all applicable legal requirements. To the extent
permitted by applicable law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

6.7 Captions. Captions are provided herein for convenience only and are not to serve as a basis for interpretation or construction of
the Plan. 
 6.8 Governing Law. The Plan and any agreements hereunder shall be administered, interpreted and enforced under the
internal laws of the State of Delaware, without giving effect to its rules of conflicts of laws. 

  
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