Document:

EX-10.7

 Exhibit 10.7 

PLAYTIKA HOLDING CORP. 

RETENTION PLAN 

APPRECIATION UNIT AWARD AGREEMENT 

This Appreciation Unit Award Agreement (the “Agreement”), dated as of ______ __, ____ (the “Grant Date”), is
made by and between Playtika Holding Corp. (the “Company”) and ______________ (“you” or the “Participant”). This Agreement is made under the terms of the Playtika Holding Corp. Retention Plan
(as may be amended from time to time, the “Plan”). Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Plan. 

1. Grant of Appreciation Units. The Company hereby grants to you an Award of ________ Appreciation Units
(the “Award”), subject to the terms and conditions of the Plan and this Agreement. Each Appreciation Unit, to the extent such Appreciation Unit is not forfeited, as provided under this Agreement and the Plan, shall confer upon you
the right to receive payment of a portion of each Appreciation Pool and/or the Change in Control Appreciation Pool, in accordance with the Plan. 

2. Terms and Conditions of Appreciation Unit Award. You shall be eligible to receive one or more payments in
respect of your Award on the terms and conditions outlined in Sections 5 and 6 of the Plan. You acknowledge that a summary of the material terms of the Plan has been made available to you. 

3. No Tax Advice. None of the Company, the Board or the Administrator has made any commitment or guarantee to you
that any federal, state or local tax treatment will (or will not) apply or be available to you, and you are in no manner relying on the Company, the Board, the Administrator or their representatives for an assessment of such tax treatment. You
acknowledge and agree that you have consulted with any tax consultants that you deem advisable in connection with this Award and that you are not relying on the Company, the Board, Administrator or any of their representatives for tax advice. 

4. Miscellaneous. 

(a) Administrator. The Administrator shall make all determinations under the Plan and this Agreement in the Administrator’s sole
discretion and all such determinations shall be final and binding on you and on all other persons having or claiming any interest in this Award. 

(b) No Right to Continued Service. Nothing in the Plan or this Agreement shall confer upon you any right to continue in the employment
or service of the Company or any of its Affiliates, or shall interfere with or restrict in any way the rights of the Company or any of its Subsidiaries or other Affiliates, or shall interfere with or restrict in any way the rights of the Company or
any of its Subsidiaries or other Affiliates, which rights are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written
agreement between the Participant and the Company or any of its Subsidiaries or other Affiliates. 

 (c) Successors and Assigns. Subject to the limitations set forth in this Agreement,
this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors and assigns of the parties hereto. 

(d) Severability. If any term, provision, covenant or condition of this Agreement is held by a court of competent jurisdiction to exceed
the limitations permitted by applicable law, then the provisions will be deemed reformed to the maximum limitations permitted by applicable law and the parties hereby expressly acknowledge their desire that in such event such action be taken. If for
any reason one or more of the provisions contained in this Agreement or in any other instrument referred to herein, shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, then to the maximum extent permitted by law,
such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any other such instrument. 
 (e)
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to any otherwise governing principles of conflicts of law. 

(f) Counterparts. This Agreement may be executed in any number of counterparts, any of which may be executed and transmitted (without
limitation) by facsimile or e-mail, and each of which shall be deemed to be an original, but all of which together shall be deemed to be one and the same instrument. 

(g) Entire Agreement; Amendments and Waivers. This Agreement, together with the Plan, constitutes the entire agreement among the parties
relating to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties. The Administrator may amend or terminate this Agreement at any time. No waiver of any
of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly provided. 

(h) Incorporation of Plan. The Plan, as it may hereafter be amended, is incorporated herein by reference and made a part of this
Agreement and shall control the rights and obligations of the parties under this Agreement. Without limiting the generality of the foregoing or any other provision hereof, the provisions of the Plan are hereby expressly incorporated into this
Agreement as if first set forth herein and applicable to the Appreciation Units subject to this Award. If any conflict arises between the Plan and this Agreement, the terms and conditions of the Plan shall prevail.  

[Signature Page Follows] 

  
 2 

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

			
	 PLAYTIKA HOLDING CORP.
  

	By:	 	  

		 	Name:
		 	Title:

 You hereby accept and agree to be bound by all of the terms and conditions of this Agreement. 

 

	
	 PARTICIPANT:
  

	  
 Name:

 [Signature Page to Appreciation Unit Award Agreement]EX-10.8

 Exhibit 10.8 

PLAYTIKA HOLDING CORP. 

RETENTION PLAN1 

ANNEX A – THE AWARD AS PART OF THE REMUARATION FOR THE 

PARTICIPANT’S SPECIAL OBLIGATIONS 

W I T N E S S E T H : 
  

			
	WHEREAS,	  	 Playtika Holding Corp. (the “Company”) and ___________ (the “Participant”) have signed an Appreciation Unit Award
Agreement and a Retention Award Agreement, each dated as of ________ __, _____, (collectively, the “Agreement”), under the terms of the Amend and Restated Playtika Holding Corp. Retention Plan (as may be amended from time to time, the
“Plan”); and
  

	WHEREAS,	  	without derogating from the terms and conditions of the Agreement and the Plan, the parties wish to clarify the status and nature of the “Award”, as defined in each Agreement.

 The parties therefore declare and stipulate as follows: 

General 
  

	1.	 The introduction of this Annex A shall form an integral part thereof, and shall be considered to be the same as
the remaining provisions of this Annex A. 

  

	2.	 Unless explicitly stated otherwise in this Annex A, all expressions in this Annex A shall be interpreted in
accordance with their meaning in the Agreement. 

  

	3.	 The provisions of this Annex A together with the provisions of the Agreement and the Plan shall constitute the
entirety of the contractual papers between the parties relating to the subject matter hereof. The provisions of the Agreement shall be interpreted subject to the provisions of this Annex A. 

 

	4.	 In any case of contradiction between the provisions of the Agreement and the provisions of this Annex A, the
provisions of the Agreement shall prevail. 

 The Award Under Each Agreement – Part of the Remuneration for the Special
Obligations of the Participant as an Employee 
  

	1 	 NTD: Annex A to be executed by all Retention Award and Appreciation Unit Award holders under the Playtika
Holding Corp. Retention Plan. 

	5.	 The obligations of the Participant in [this Annex A] [Appendix B of the Employment Agreement by and
between the Participant and Playtika Ltd. dated as of ______________, in connection with safeguarding the Company’s secrets and reputation, non-competition and the
non-solicitation of its Employees, and protection of its intellectual property] shall hereinafter and above be collectively referred to as “the Special Obligations”. 

 

	6.	 Notwithstanding the fact that both Participant and the Company agree that the Special Obligations are
reasonable in present circumstances and the market conditions in the Company’s areas of activity and to look after its legitimate interests, and since the Participant took upon himself/herself, irrevocably, the Special Obligations, and since
the Company is aware that honoring these Special Obligation after the termination of employment in the Company or its Affiliates may cause Participant certain financial distress, the Company has agreed to grant or pay the Participant during the term
of employment, the Special Remuneration (as defined below) for honoring the Special Obligations set out above. It is hereby agreed that the Award as defined in each Agreement shall form a part of the aforementioned “Special Remuneration.”

  

	7.	 It is also agreed that notwithstanding the above [and without derogating from the Participant’s
obligations in the Employment Agreement], the Participant’s obligations for which the Award is granted as part of the Special Remuneration, shall also consist the following undertaking (the “Additional Obligation”):

 Participant agrees that as long as Participant is in the employ of the Company or its Affiliates and for a period of 12
(twelve) months after Participant voluntarily terminates Employment with the Company or its Affiliates, Participant will not, directly or indirectly, either alone or jointly with others or as agent, consultant, owner, partner, stockholder, broker,
principal, corporate officer, director, licensor or in any other capacity or employee of any person, firm or company, anywhere in the world, engage in, become financially interested in, be employed by or have any connection with any person, business
or venture that is engaged in any activities involving (i) products or services Competing (as defined below) with the Company’s products or services, or with such of the Company’s Affiliates products and services which relate to the
Company’s or its Affiliates business as operated at the time of Participant’s voluntary termination (the “Business”), as they shall be at the time of termination of employment, or (ii) information, processes, technology or
equipment which Competes with information, processes, technology or equipment in which the Company has a proprietary interest, or in which any of the Company’s Affiliates then has a proprietary interest and which are related to the Business.
The foregoing shall not apply to (i) holdings of securities of any company the shares of which are publicly traded on an internationally recognized stock exchange, which do not exceed 1% of the issued share capital of such public company, so
long as Participant has no active role in such public company as a director, officer, employee, consultant (including as an independent consultant) or otherwise, or (ii) de minimis non-commercial
activities. 

 For the purpose of this section, “Competes” or “Competing”
shall mean any person or business engaged in the operation or management of social and mobile casino games (including without limitation casino, poker, bingo and slots games) business anywhere in the world at the time the relevant Participant’s
employment with the Company and its Affiliates ends. 
  

	8.	 [The Special Remuneration shall not represent a component of the Gross Salary of the Participant for all
intents and purposes.] 

  

	9.	 If the Participant were to materially breach the provisions of this Annex A, such breach which cannot be
corrected or which Participant had failed to correct within seven days of receiving a respective demand in writing from the Company, then any obligation out of the Special Obligations and/or the Additional Obligation, pursuant to their definition
above, his/her entitlement to the Special Remuneration (including without limitation the Award granted in each Agreement) shall be forfeited and cancelled. 

  

	10.	 Were the Participant to act as stated [8][9] above, any amount that was granted or paid to Participant as part
of the Special Remuneration (including without limitation the Award granted in each Agreement) shall be considered as a [consumer price index linked] loan which carries legal interest, and which is up for immediate repayment. The Company
shall have the right – at the time of the breach and upon first demand – to reclaim the entire Special Remuneration granted or paid to the Participant, while accrued [with legal linkage differentials and] interest as of the date of every
payment and until the date of its actual receipt (including the restitution of the value of the Award under each Agreement). The Company shall be entitled to deduct or setoff this debt from any payment which shall be due from it to the Participant,
and thus without derogation to the right of the Company to seek any remedy the law offers consequent upon breach of obligation, as aforesaid. 

  

	11.	 Survival 

The provisions of this Annex A shall survive the termination of the engagement between the Company and the Participant and the assignment of
the Participant undertakings by the Company to any successor in interest or other assignee. 
  

	12.	 Certification of Acknowledgment 

The Participant acknowledges that, in executing this Annex A, Participant had the opportunity to seek the advice of independent legal counsel.
The Participant certifies and acknowledges that Participant had carefully read all of the provisions of this Annex A and that understands and will fully and faithfully comply with such provisions. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Annex A as of the
date first written above. 
  

					
	  
 Playtika Holding
Corp. by:
  
 Name: ____________

 
 Title: _____________
	 	
                    

 
 

 
 
	 	  

Participant

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