Document:

Exhibit
10.1

 

Execution
Version

 

MONMOUTH
REAL ESTATE INVESTMENT CORP.

 

AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

 

BY
AND BETWEEN: MONMOUTH REAL ESTATE INVESTMENT CORP.

a
Maryland Corporation (the “Corporation”)

AND:

Kevin
S. Miller (“Employee”)

 

BACKGROUND

 

WHEREAS,
Employee and the Corporation are parties to an Employment Agreement, originally dated August 19, 2019 and effective as of January 1,
2019 (“Prior Employment Agreement”);

 

WHEREAS,
absent modification, the Prior Employment Agreement is scheduled to expire on December 31, 2021;

 

WHEREAS,
in connection with the pending expiration of the Prior Employment Agreement, Employee and the Corporation now desire to amend and restate
the Prior Employment Agreement in its entirety, effective (except as expressly set forth herein for Section 409A) as of January 1, 2022;
and

 

NOW,
THEREFORE, in consideration of the mutual promises and covenants herein contained, the receipt and sufficiency of which are hereby acknowledged
by the parties hereto, the Corporation and Employee agree as follows:

 

TERMS

 

1.
Term of Employment.

 

		(a)	Subject
                                            to earlier termination in accordance with this Employment Agreement, the Corporation agrees
                                            to employ Employee and Employee agrees to be employed in the capacity of Chief Financial
                                            Officer for a term of three (3) years, effective January 1, 2022 (the “Effective Date”)
                                            and terminating on December 31, 2024. Thereafter, the term of this Employment Agreement shall
                                            be automatically extended and renewed for successive one-year periods except that either
                                            party may, at least ninety (90) days prior to such expiration date or any anniversary thereof,
                                            give written notice to the other party electing that this Employment Agreement not be renewed
                                            or extended, in which case, this Employment Agreement shall expire as of the expiration date
                                            or anniversary date, respectively.

 

		(b)	Should
                                            Employee remain employed through the effective date of a Change of Control (as defined in
                                            Section 12 hereof), Employee shall have the right to extend and renew this Employment Agreement
                                            so that the expiration date of this Employment Agreement will be three years following the
                                            date of the Change of Control (it being understood that in the event of such extension by
                                            Employee, (i) the term of this Employment Agreement shall be automatically extended and renewed
                                            for successive one-year periods from the three-year anniversary of such Change of Control,
                                            consistent with the foregoing sentence and (ii) that such election to extend the term is
                                            not a waiver of any Good Reason by Employee that may exist as of the date of such election).
                                            The period during which Employee is employed with the Corporation under this Employment Agreement,
                                            including any applicable renewal periods, is referred to as the “Term.”

 

2.
Time and Efforts.

 

Employee
shall diligently and conscientiously devote his time and attention and use his best efforts in the discharge of his duties as Chief Financial
Officer of the Corporation.

 

    	1

    	 

    

 

3.
Board of Directors.

 

Employee
should at all times discharge his duties in consultation with and under the supervision of the Board of Directors of the Corporation.
In the performance of his duties, Employee shall make his principal office such place as both the Board of Directors of the Corporation
and Employee from time to time agree.

 

4.
Compensation.

 

A.
The Corporation shall pay to Employee as compensation for his services, a base salary, which shall be paid in such intervals as salaries
are paid generally to other executive officers of the Corporation (the “Base Salary”), as follows:

 

1.
For the year beginning January 1, 2022 and ending on December 31, 2022, the base salary shall be $700,000.

 

2.
For the year beginning January 1, 2023 and ending on December 31, 2023, the base salary shall be $735,000 (representing a five percent
(5%) cost-of living adjustment from Employee’s base salary for calendar year 2022).

 

3.
For the year beginning January 1, 2024 and ending on December 31, 2024, the base salary shall be $771,750 (representing a five percent
(5%) cost-of living adjustment from Employee’s base salary for calendar year 2023).

 

4.
With respect to any fiscal year of the Term (including renewal periods) which begins on or after January 1, 2025, the base salary shall
be set by the Compensation Committee, and approved by the Board of Directors, provided that Employee’s base salary for any calendar
year of the Term shall not result in a decrease in base salary as compared to the previous year of the Term.

 

B.
Employee shall purchase and/or maintain a disability insurance policy, whose benefits shall commence ninety (90) days after the date
of disability. During the first ninety (90) days following the date of disability, Employee’s salary will continue to be paid by
the Corporation. Thereafter, Employee will receive lost wages from the disability policy. This provision applies to disability until
the time of termination in the event termination paragraph 12 applies.

 

5.
Bonuses.

 

With
respect to each fiscal year during the Term, Employee shall be eligible to earn an annual cash bonus (the “Annual Cash Bonus”)
based on the achievement of performance objectives. Annual Cash Bonuses shall be measured based on the appropriate fiscal year-end audited
financial statements as approved by management and paid within two and one half (2 1⁄2) months following the end of the calendar
year in which the applicable Annual Cash Bonus is earned, subject to Employee’s continued employment through the date of payment.

 

	 	A.	Annual
    Equity Market Cap Growth: 
	 	 	 
	 	1)	10%
    growth - $20,000; 2) 15% growth - $30,000 (the “Market Cap Target”); 3) 20% growth - $40,000

 

Growth
must be over the benchmark amount which is based upon the closing share price on the last day of the fiscal year and multiplied by the
diluted shares outstanding on that same day.

 

	 	B.	AFFO
    per Diluted Share Growth: to be paid each year over the three (3) year term provided the following growth rates are achieved:

 

	 	1)	5%
    growth - $25,000; 2) 10% growth - $37,500 (the “AFFO Growth Target”); 3) 15% growth - $50,000; 4) 20% growth - $75,000

 

    	2

    	 

    

 

Growth
must be over the benchmark amount which is the AFFO per diluted share generated by the Corporation during the current fiscal year versus
the prior fiscal year. Additionally, FFO must be equal to, or in excess of, the common dividend for AFFO growth bonuses to be paid.

 

	 	C.	Dividend
    per Share Growth: to be paid each year over the 3 year term provided the following growth rates are achieved:
	 	 	 
	 	1)	5%
    growth - $75,000; 2) 10% growth - $100,000 (the “Dividend Growth Target”, and together with the Market Cap Target and
    AFFO Growth Target, the “Annual Cash Bonus Target”); 3) 15% growth - $125,000;.

 

Growth
must be over the benchmark amount, which is the $0.72 annual ($0.18 quarterly) per share dividend rate for the fiscal year ended September
30, 2021.

 

6.
Restricted Stock.

 

Employee
may be eligible to receive annual restricted stock grants following fiscal year end, determined in the sole discretion of the Compensation
Committee after it has had a reasonable amount of time to review the audited fiscal year end financials. During the Term, the Restricted
Stock Grant shall be determined based on the following table:

 

Restricted
Stock Grant potential of 12,500 shares per year (the “Stock Grant”)

  

	Criteria	 	Amount
    of shares	 	Evaluation
    metric
	Achievement
    of any of the individual goals (above)	 	50%
    = 6,250 shares	 	Discretion
    of Compensation Committee w/Board Approval
	 	 	 	 	 
	Discretion
    of Compensation Committee w/BOD Approval	 	50%
    = 6,250 shares	 	Based
    on overall performance of the Corporation (AFFO per share growth, acquisitions, total return performance and any item the compensation
    committee deems relevant)

 

Employee
must be employed on each of the above dates in order for the Stock Grant associated with that date to vest as set forth herein.

 

7.
Expenses.

 

The
Corporation will reimburse Employee for reasonable and necessary expenses incurred by him in carrying out his duties under this Employment
Agreement. Employee shall present to the Corporation from time to time an itemized account of such expenses in such form as may be required
by the Corporation.

 

8.
Vacation.

 

Employee
shall be entitled to take four (4) paid weeks’ vacation per year and the same holidays as provided for other members of the staff.

 

9.
Pension.

 

Employee,
at his option, may participate in the 401-K plan of UMH Properties, Inc. according to its terms.

 

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10.
Life and Health Insurance Benefits.

 

A.
Employee shall be entitled during the Term to participate in all health insurance and group life insurance benefit plans providing benefits
generally applicable to the employees of Monmouth Real Estate Investment Corp. as may be modified from time to time.

 

B.
The Corporation shall directly pay up to $6,000 per year (subject to withholdings, as applicable) for the life insurance policies owned
by Employee.

 

11.
Termination.

 

A.
If Employee’s employment with the Corporation is terminated either by the Corporation without Cause or by Employee with Good Reason,
the Corporation shall continue to pay Employee his Base Salary plus his Annual Cash Bonus Target, in each case, as in effect immediately
prior to such termination, for the greater of (x) the remaining Term as if no termination of employment occurred (after the application
of the renewal provision hereof), but in no event for a period of time exceeding three years, or (y) one year, in each case, paid pursuant
to the Corporation’s regular payroll practices (except as may be delayed under Section 409A as set forth below). In addition, if
Employee elects group health plan continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”),
the Corporation will pay the cost of Employee’s (and his spouse and eligible dependents who were covered immediately prior to Employee’s
termination of employment) medical, dental and/or vision benefit coverage under COBRA for up to eighteen (18) months, in accordance with
COBRA, beginning the first day of the calendar month following Employee’s termination of employment and ending on the eighteen
(18) month anniversary thereof (or until Employee, his spouse and eligible dependents become covered under another employer’s medical,
dental and vision plans, if sooner). The amounts due under this Section shall not be reduced by any amounts paid to Employee under any
policy or plan of insurance, including but not limited to unemployment, disability, or life.

 

B.
“Cause” shall mean a termination of Employee’s employment by reason of a good faith determination by (x) if prior to
a Change of Control, a majority of the Board of Directors of the Corporation or the President of the Corporation or (y) if following
a Change of Control, a majority of the Board of Directors of the Corporation, in each case, that Employee, by engaging in fraud or willful
misconduct, (i) failed to substantially perform his duties with the Corporation (if not due to death or disability), or (ii) has engaged
in conduct, the consequences of which are materially adverse to the Corporation, monetarily or otherwise.

 

C.
Good Reason shall mean the occurrence of any of the following, without Employee’s prior consent: (i) a diminution or adverse change
in Employee’s title, or a material diminution in Employee’s responsibilities, duties or authority; (ii) a material reduction
in Employee’s base salary; (iii) Employee being required to work substantially at a location outside a fifty (50) mile radius from
the Corporation’s current location; or (iv) the Corporation’s breach of this Employment Agreement or any other material agreement
between the Corporation and Employee, provided, however, that none of the foregoing events or conditions will constitute Good Reason
unless: (x) Employee provides the Corporation with written objection to the event or condition within ninety (90) days following the
occurrence thereof, (y) the Corporation does not reverse or otherwise cure the event or condition within thirty (30) days of receiving
that written objection, and (z) Employee resigns his employment within thirty (30) days following the expiration of that cure period.

 

12.
Change of Control.

 

A.
The term “Change of Control” under this Employment Agreement shall mean (i) a sale of substantially all of the assets of
the Corporation, not in the ordinary course, to an unaffiliated third party; or (ii) the transfer, in one transaction or a series of
transactions, to an unaffiliated third party of outstanding shares of capital stock of the Corporation representing a majority of the
then outstanding voting capital stock of the Corporation; or (iii) a majority of the members of the Board of Directors ceasing to be
composed of individuals who either were members of the Board immediately following the 2021 Annual Meeting of Shareholders of the Corporation,
or whose election to the Board was approved by a majority of such incumbent directors or their approved successors, (iv) a merger or
consolidation of the Corporation having the same effect as item (i), (ii) or (iii) above, or (iv) any other event of a nature that would
be required to be reported as a change of control in item 5.01 of Form 8-K under the Securities Exchange Act of 1934, as amended (or
any successor provision thereto). Notwithstanding the foregoing, any combination of MONMOUTH REAL ESTATE INVESTMENT CORPORATION and UMH
PROPERTIES, INC. shall not be considered a Change of Control under this Employment Agreement.

 

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B.
The Corporation intends to adopt an Executive Management Transaction Bonus Plan to provide certain employees of the Corporation with
transaction bonuses, subject to the participant remaining employed by the Corporation through the consummation of a Change of Control.
In addition to any other compensation afforded herein, Employee shall be entitled to participate in the Executive Management Transaction
Bonus Plan, if adopted, consistent with the terms of such Executive Management Transaction Bonus Plan. Receipt of a transaction bonus
shall not prejudice any other rights Employee may have under this Section or Section 11.A.

 

C.
The amounts due under this Section shall not be reduced by any amounts paid to Employee under any policy or plan of insurance, including
but not limited to unemployment, disability, or life.

 

13.
Notices.

 

Any
notice required or permitted to be given under this Employment Agreement shall be in writing and must be delivered by nationally recognized
overnight courier, U.S. mail, email or personal delivery. Any notice, request, demand, claim, or other communication required or permitted
hereunder will be deemed duly given, as applicable, (a) on the date of receipt by the addressee if sent by overnight delivery, (b) upon
the earlier of written confirmation of receipt and three (3) days after deposit in the U.S. mail, if mailed, (c) when received, if sent
by email (provided that the sender’s computer provides confirmation of transmission or receipt evidencing that such communication
was sent to the appropriate email address on a specified date), or (d) upon personal delivery, in each case, addressed as follows:

 

	 	The
    Corporation: 	Monmouth
    Real Estate Investment Corp. 
	 	 	Bell
    Works
	 	 	101
    Crawfords Corner Road, Suite 1405
	 	 	Holmdel,
    NJ 07733
	 	 	 
	 	Employee:	Kevin
    S. Miller
	 	 	(address
    on file)

 

14.
Governing Law.

 

This
Employment Agreement shall be construed and governed in accordance with the laws of the State of New Jersey. Payments payable under the
Employment Agreement will be subject to withholding for taxes and other required deductions.

 

15.
Entire Contract.

 

This
Employment Agreement together with that certain Indemnification Agreement by and between the Corporation and Employee entered into connection
with his services to the Corporation as an Officer and member of the Board of Directors of the Corporation, constitutes the entire understanding
and agreement between the Corporation and Employee with regard to all matters herein. There are no other agreements, conditions or representations,
oral or written, express or implied, with regard thereto. This Employment Agreement may be amended only in writing signed by both parties
hereto.

 

16.
Modification and Waiver.

 

No
provision of this Employment Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed
to in writing and signed by Employee and such officer as may be specifically designated by the Board of Directors of the Corporation.
No waiver by either party hereto at any time of any breach by the other party hereof, or compliance with, any condition or provision
of this Employment Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions
at the same or at any prior or subsequent time.

 

    	5

    	 

    

 

17.
Successors.

 

This
Employment Agreement shall be binding on the Corporation and any successor to any of its businesses or assets. This Employment Agreement
shall inure to the benefit of and be enforceable by Employee’s personal and legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees.

 

18.
Severability.

 

The
invalidity or unenforceability of any provision of this Employment Agreement, whether in whole or in part, shall not in any way affect
the validity and/or enforceability of any other provisions herein contained. Any invalid or unenforceable provision shall be deemed severable
to the extent of any such invalidity of unenforceability.

 

19.
Headings.

 

Headings
used in this Employment Agreement are for convenience only and shall not be used to interpret its provisions.

 

20.
Section 409A.

 

		A.	It
                                            is intended that the payments and benefits provided under this Employment Agreement shall
                                            be exempt from or compliant with the application of the requirements of Section 409A (“Section
                                            409A”) of the Internal Revenue Code of 1986, as amended (the “Code”).
                                            This Employment Agreement shall be construed, administered, and governed in a manner that
                                            effects such intent, and the Corporation shall not take any action that would be inconsistent
                                            with such intent. Specifically, any severance benefit payable pursuant to Section 11
                                            above, to the extent they are required to be paid, and are actually or constructively received,
                                            during the period from the date on which Employee’s employment with the Corporation
                                            terminates through March 15 of the calendar year following such termination, are intended
                                            to constitute separate payments by reason of the “short-term deferral” rule.
                                            To the extent payments are required to be paid commencing after that date, they are intended
                                            to constitute separate payments that are exempt from the application of Section 409A by reason
                                            of exceptions under Sections 1.409A-1(b)(9)(iii) or 1.409A-1(b)(9)(v) of the Code’s
                                            treasury regulations, as applicable, to the maximum extent permitted under those provisions.
                                            In no event whatsoever shall the Corporation or any of its affiliates be liable for any additional
                                            tax, interest, or penalties that may be imposed on Employee as a result of Section 409A or
                                            any damages for failing to comply with Section 409A.

 

		B.	Notwithstanding
                                            anything contrary in this Employment Agreement, effective immediately, if Employee is a “specified
                                            employee,” as determined under the Corporation’s policy for determining specified
                                            employees, on the date on which Employee’s employment terminates, all payments or benefits
                                            provided hereunder that for any reason constitute a non-exempt “deferral of compensation”
                                            within the meaning of Section 409A, that are provided upon a “separation from service”
                                            within the meaning of Section 409A and that would otherwise be paid or provided during the
                                            first six (6) months following such date of termination, shall instead be accumulated through
                                            and paid or provided (without interest) on the first business day following the six (6) month
                                            anniversary of such date of termination or, if Employee’s death occurs prior to the
                                            end of the six (6) month period, as soon as reasonably possible following Employee’s
                                            death. Reimbursement of any eligible expenses shall be made in accordance with the Corporation’s
                                            policies and practices and as otherwise provided herein; provided, that in no event
                                            shall reimbursement be made after the last day of the year following the year in which the
                                            expense was incurred. The right to reimbursement is not subject to liquidation or exchange
                                            for another benefit. The amount of expenses reimbursed in one year shall not affect the amount
                                            eligible for reimbursement in any subsequent year. The amount of any in-kind benefits provided
                                            in one year shall not affect the amount of in-kind benefits provided in any other year. To
                                            the maximum extent permitted under Section 409A, each payment hereunder will be a separate
                                            payment in a series of separate payments. In no event whatsoever shall the Corporation or
                                            any of its affiliates be liable for any additional tax, interest, or penalties that may be
                                            imposed on Employee as a result of Section 409A or any damages for failing to comply with
                                            Section 409A, and the Corporation and its affiliates make no guarantees as to any particular
                                            tax treatment.

 

		C.	Notwithstanding
                                            anything to the contrary herein, to the extent necessary to comply with Section 409A (if
                                            applicable), in no event will a transaction constitute a Change of Control for purposes of
                                            this Employment Agreement unless such transaction constitutes a change in the ownership or
                                            effective control of the Corporation or in a substantial portion of the Corporation’s
                                            assets, determined in accordance with Treasury Regulation Section 1.409A-3(i)(5) and applicable
                                            published guidance under Section 409A.

 

    	6

    	 

    

 

IN
WITNESS WHEREOF, the Corporation has by its appropriate officers signed and affixed its seal and Employee has signed and sealed this
Employment Agreement. Employee has had the opportunity to seek, and has sought (or voluntarily elected not to seek), review of the Employment
Agreement by independent legal counsel, and Executive acknowledges and agrees that legal counsel for the Corporation is not and shall
not constitute Employee’s legal counsel.

 

	 	Signature
    Page Follows
	 	 
	 	MONMOUTH
    REAL ESTATE INVESTMENT CORPORATION
	 	 	 
	 	By:	/s/
    Brian H. Haimm
	 	 	BRIAN
    H. HAIMM
	 	 	Chairperson,
    Compensation Committee
	(SEAL)	 	 
	 	 	 
	 	By:	/s/
    Kevin S. Miller
	 	 	KEVIN
    S. MILLER
	 	 	Employee
	 	 	 
	 	Dated:	December
    3, 2021

 

    	7EX-4.3

 Exhibit 4.3 

Final 
 GRAB
HOLDINGS LIMITED 
 AMENDED AND RESTATED 2021
EQUITY INCENTIVE PLAN 
 ADOPTED BY THE
BOARD OF DIRECTORS OF GRAB HOLDINGS LIMITED: APRIL 12, 2021 

APPROVED BY THE SHAREHOLDERS OF GRAB
HOLDINGS LIMITED: APRIL 12, 2021 
 AMENDED BY
THE BOARD OF DIRECTORS OF GRAB HOLDINGS LIMITED: SEPTEMBER 22, 2021 

AMENDMENT APPROVED BY THE SHAREHOLDERS OF
GRAB HOLDINGS LIMITED: SEPTEMBER 22, 2021 
  

	 1.
	 GENERAL. 

(a)    Establishment. The Grab Holdings Limited 2021 Equity Incentive Plan (the
“Plan”) is hereby established effective as of December 1, 2021, which is the date of the closing of the transactions contemplated by the Business Combination Agreement (the “Effective Date”). 

(b)    Purpose. The Plan, through the granting of Awards, is intended to help the Company to secure
and retain the services of eligible award recipients, provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate and provide means by which the eligible recipients may benefit from increases in
value of the Ordinary Shares. 
 (c)    Available Awards. The Plan provides for the
grant of the following types of Awards: (i) Options, (ii) Share Appreciation Rights, (iii) Restricted Share Awards, (iv) Restricted Share Unit Awards, and (v) Other Awards. 

 

	 2.
	 ADMINISTRATION. 

(a)    Administration by Board. The Board will administer the Plan unless and until the Board
delegates administration of the Plan to a Committee or Committees, as provided in Section 2(c). 

(b)    Powers of Board. The Board will have the power, subject to, and within the limitations of,
the express provisions of the Plan: 
 (i)    To determine from time to time (A) which
of the persons eligible under the Plan will be granted Awards; (B) when and how each Award will be granted; (C) what type or combination of types of Award will be granted; (D) the provisions of each Award granted (which need not be
identical or comparable), including the time or times when a person will be permitted to exercise or otherwise receive an issuance of Ordinary Shares or other payment pursuant to an Award; (E) the number of Ordinary Shares or cash equivalent
with respect to which an Award will be granted to each such person; and (F) the Fair Market Value applicable to an Award. 

(ii)    To construe and interpret the Plan and Awards granted under it, and to establish, amend and
revoke rules and regulations for administration of the Plan and Awards. The Board, in the exercise of these powers, may correct any defect, omission or inconsistency in the Plan or in any Award Agreement, in a manner and to the extent it will deem
necessary or expedient to make the Plan or Award fully effective. 
 (iii)    To settle all
controversies regarding the Plan and Awards granted under it. 
 (iv)    To accelerate, in whole
or in part, the time at which an Award may be exercised or vest (or at which cash or Ordinary Shares may be issued). 

  
 1 

 (v)    To prohibit the exercise of any Option,
SAR or other exercisable Award during a period of up to 30 days prior to the consummation of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends)
of Company assets to shareholders, or any other change affecting the Ordinary Shares or the share price of Ordinary Shares including any Corporate Transaction, for reasons of administrative convenience. 

(vi)    To suspend or terminate the Plan at any time. Except as otherwise provided in the Plan or
an Award Agreement, suspension or termination of the Plan will not impair a Participant’s rights under his or her then-outstanding Award without his or her written consent. 

(vii)    To amend the Plan in any respect the Board deems necessary or advisable, subject to the
limitations, if any, of applicable law; provided, however that shareholder approval will be required for any amendment to the extent required by applicable law. Except as provided in the Plan or an Award Agreement, no amendment of the
Plan will impair a Participant’s rights under an outstanding Award unless (A) the Company requests the consent of the affected Participant, and (B) such Participant consents in writing. 

(viii)    To submit any amendment to the Plan for shareholder approval, including, but not limited
to, amendments to the Plan intended to satisfy the requirements of Section 422 of the Code regarding Incentive Share Options. 

(ix)    To approve forms of Award Agreements for use under the Plan and to amend the terms
of any one (1) or more Awards, including, but not limited to, amendments to provide terms more favorable to the Participant than previously provided in the Award Agreement, subject to any specified limits in the Plan that are not subject to
Board discretion; provided however, that a Participant’s rights under any Award will not be impaired by any such amendment unless (A) the Company requests the consent of the affected Participant, and (B) such Participant
consents in writing. Notwithstanding the foregoing, (1) a Participant’s rights will not be deemed to have been impaired by any such amendment if the Board, in its sole discretion, determines that the amendment, taken as a whole, does not
materially impair the Participant’s rights, and (2) subject to the limitations of applicable law, if any, the Board may amend the terms of any one (1) or more Awards without the affected Participant’s consent (X) to maintain
the tax qualified status of the Award, (Y) to clarify the manner of exemption from, or to bring the Award into compliance with, Section 409A of the Code or Section 457A of the Code; or (Z) to comply with other applicable laws.

 (x)    Generally, to exercise such powers and to perform such acts as the Board deems
necessary or expedient to promote the best interests of the Company and that are not in conflict with the provisions of the Plan or Awards. 

(xi)    To adopt such procedures and sub-plans as are
necessary or appropriate to permit participation in the Plan by Employees, Directors or Consultants who are foreign nationals or employed outside the United States (provided that Board approval will not be necessary for immaterial modifications to
the Plan or any Award Agreement that are required for compliance with the laws of the relevant foreign jurisdiction). Without limiting the generality of the foregoing, the Board specifically is authorized to adopt rules, procedures and sub-plans, regarding, without limitation, conversion of local currency, obligations to pay payroll tax, determination of beneficiary designation requirements, withholding procedures and handling of share issuances,
which may vary according to local requirements. 

  
 2 

 (xii)    To effect, at any time and from time to
time, subject to the consent of any Participant whose Award is impaired by such action, (A) the reduction of the exercise, purchase or strike price of any outstanding Award (including without limitation any Option or SAR); (B) the cancellation
of any outstanding Award and the grant in substitution therefor of a new (1) Option, Share Appreciation Right, Restricted Share Award, Restricted Share Unit Award, or Other Award under the Plan or another equity plan of the Company, covering
the same or a different number of Ordinary Shares, (2) cash and/or (3) other valuable consideration determined by the Board, in its sole discretion; or (C) any other action that is treated as a repricing under generally accepted
accounting principles; provided, that any repricing that the Board effectuates shall not require approval of the Company’s shareholders. 

(xiii)    To administer the provisions relating to swaps under Annex A of the Plan,
including selecting from time to time who will be eligible for Swapped Awards (as such term is defined in Annex A hereto), when such Swapped Awards will be granted, the provisions of such Swapped Awards (which need not be identical or
comparable), the number of Ordinary Shares subject to such Swapped Awards (and the per share exercise price, if applicable), the Fair Market Value applicable to a Swapped Award, and the timing of the Swap Window (as such term is defined in Annex
A hereto), and to adopt such policies and procedures as are necessary to implement the swap provisions contained in Annex A hereto. 

(c)    Delegation to Committee. 

(i)    General. The Board may delegate some or all of the administration of the Plan to a Committee
or Committees. If administration of the Plan is delegated to a Committee, the Committee will have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been delegated to the Committee, including
the power to delegate to a subcommittee of the Committee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board will thereafter be to the Committee or subcommittee). Any delegation of
administrative powers will be reflected in resolutions, not inconsistent with the provisions of the Plan, adopted from time to time by the Board or Committee (as applicable). The Committee may, at any time, abolish the subcommittee and/or revest in
the Committee any powers delegated to the subcommittee. The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time, revest in the Board some or all of the powers previously delegated. 

(ii)    Rule 16b-3 Compliance. To the extent
an Award is intended to qualify of the exemption from Section 16(b) of the Exchange Act that is available under Rule 16b-3 of the Exchange Act, the Award will be granted by the Board or a Committee that
consists solely of two (2) or more Non-Employee Directors, as determined under Rule 16b-3(b)(3) of the Exchange Act and thereafter any action establishing or
modifying the terms of the Award will be approved by the Board or a Committee meeting such requirements to the extent necessary for such exemption to remain available. 

(d)    Delegation to an Officer. The Board or any Committee may delegate to one (1) or more
Officers the authority to do one (1) or both of the following: (i) designate Employees who are not Officers to be recipients of Options and SARs (and, to the extent permitted by applicable law, other Awards) and, to the extent permitted by
applicable law, the terms of such Awards, (ii) determine the number of Ordinary Shares to be subject to such Awards granted to such Employees, and (iii) take any action(s) as may be necessary or required by the Board with respect to
swapped equity awards (including without limitation the Swapped Awards); provided, however, that the resolutions or charter adopted by the Board or any Committee evidencing such delegation will specify the total number of Ordinary Shares that
may be subject to the Awards granted by such Officer and that such Officer may not grant an Award to himself or herself. Any such Awards will be granted on substantially the form of Award Agreement most recently approved for use by the Committee or
the Board, unless otherwise provided in the resolutions approving the delegation authority. Notwithstanding anything to the contrary herein, neither the Board nor any Committee may delegate authority to an Officer who is acting solely in the
capacity of an Officer (and not also as a Director) to determine the Fair Market Value (pursuant to Section 13(y) below).  

  
 3 

 (e)    Effect of
Board’s Decision. All determinations, interpretations and constructions made by the Board or any Committee in good faith will not be subject to review by any person and will be final, binding and conclusive on all persons. The
Board’s or any Committee’s decisions and determinations need not be uniform and may be made selectively among Participants in the Board’s or any Committee’s sole discretion. The Board’s or any Committee’s decisions and
determinations will be afforded the maximum deference provided by applicable law. 
  

	 3.
	 ORDINARY SHARES SUBJECT TO THE
PLAN. 

 (a)    Share Reserve. Subject to
adjustment in accordance with Section 3(c) and to any adjustment as necessary to implement any Capitalization Adjustments, the Share Reserve on the Effective Date shall be 342,568,055 Ordinary Shares. 

In addition, subject to any adjustment as necessary to implement any Capitalization Adjustments, such Share Reserve will
automatically increase on January 1st of each year for a period of ten (10) years commencing on January 1, 2022 and ending on (and including) January 1, 2031, in an amount equal to five percent (5%) of the total number of Capital
Shares (on a fully-diluted basis) outstanding on December 31st of the preceding year; provided, however that the Board or any Committee may act prior to January 1st of a given year to provide that the increase for such year will be a lesser
number of Ordinary Shares. 
 (b)    Aggregate Incentive Share Option Limit.
Notwithstanding anything to the contrary in Section 3(a) and subject to any adjustments as necessary to implement any Capitalization Adjustment, the aggregate number of Ordinary Shares that may be issued pursuant to the
exercise of Incentive Share Options is 1,027,704,165 Ordinary Shares. 

(c)    Reversion of Ordinary Shares to the Share Reserve. If an Award or any portion
thereof (i) expires or otherwise terminates without all of the Ordinary Shares covered by such Award having been issued or (ii) is settled in cash (i.e., the Participant receives cash rather than Ordinary Shares), such expiration,
termination or settlement will not reduce (or otherwise offset) the number of Ordinary Shares that may be available for issuance under the Plan. If any Ordinary Shares issued pursuant to an Award are forfeited back to or repurchased by the Company
because of the failure to meet a contingency or condition required to vest such Ordinary Shares in the Participant, then the shares that are forfeited or repurchased will revert to and again become available for issuance under the Plan. Any Ordinary
Shares reacquired by the Company in satisfaction of tax withholding obligations on an Award or as consideration for the exercise or purchase price of an Award will again become available for issuance under the Plan. 

(d)    Source of Ordinary Shares. The Ordinary Shares issuable under the Plan will be authorized
but unissued or reacquired Ordinary Shares, including Ordinary Shares repurchased by the Company on the open market or otherwise. 

(e)    Substitute Awards. In connection with an entity’s merger or consolidation with the
Company or the Company’s acquisition of an entity’s property or stock, including without limitation pursuant to the Business Combination Agreement, the Board may grant Awards in substitution for any options or other share or share-based
awards granted before such merger or consolidation by such entity or its affiliate. Substitute Awards may be granted on such terms as the Board deems appropriate, notwithstanding limitations on Awards in the Plan. Substitute Awards will not count
against the Share Reserve set forth in Section 3(a) above (nor shall Ordinary Shares subject to a Substitute Award be added to the Ordinary Shares available for Awards under the Plan as provided in
Section 3(c) above), except that Ordinary Shares acquired by exercise of substitute Incentive Share Options will count against the maximum number of Ordinary Shares that may be issued pursuant to the exercise of Incentive
Share Options under Section 3(b) of the Plan. 

  
 4 

 (f)    Class of Ordinary
Shares. Substitute Awards and other Awards, in either case, granted under the Plan to the Key Executives (as such term is defined in the Business Combination Agreement) shall be for Class B Ordinary Shares, and all other Awards under the
Plan shall be for Class A Ordinary Shares. For the avoidance of doubt, to the extent that the Class B Ordinary Shares are converted into Class A Ordinary Shares in accordance with the applicable terms of the Company’s Memorandum
and Articles of Association (as amended and/or restated from time to time), any Awards for Class B Ordinary Shares that are outstanding under the Plan shall automatically convert into Awards for Class A Ordinary Shares in accordance with
the applicable conversion provisions of the Company’s Memorandum and Articles of Association (as amended and/or restated from time to time). 
  

	 4.
	 ELIGIBILITY AND
NON-EMPLOYEE DIRECTOR LIMITATION. 

(a)    Eligible Award Recipients. Subject to the terms of the Plan and applicable law, Awards may be
granted to Employees, Directors and Consultants. 
 (b)    Service Recipient Stock.
Notwithstanding anything herein to the contrary, no Award under which a Participant may receive Ordinary Shares may be granted to an Employee, Director, or Consultant of any Affiliate of the Company if such Ordinary Shares do not constitute
“service recipient stock” for purposes of Section 409A of the Code with respect to such Employee, Director or Consultant and such Ordinary Shares are required to constitute “service recipient stock” for such Award to comply
with, or be exempt from, Section 409A of the Code. 
 (c)    Non-Employee Director Compensation Limitation. The aggregate value of all compensation granted or paid, as applicable, to any individual for service as a Non-Employee
Director with respect to any calendar year, including Awards granted and cash fees paid by the Company to such Non-Employee Director, will not exceed (i) US$750,000 total in value or (ii) in the
event such Non-Employee Director is first appointed or elected to the Board during such calendar year, US$1,000,000 in total value, in each case calculating the value of any equity awards based on the grant
date fair value of such equity awards for financial reporting purposes. The limitations in this Section 4(c) shall apply commencing with the first calendar year that begins following the Effective Date. For avoidance of
doubt, compensation will count towards this limit for the calendar year it was granted or earned, and not later when distributed, in the event it is deferred. 
  

	 5.
	 PROVISIONS RELATING TO OPTIONS
AND SHARE APPRECIATION RIGHTS. 

 Each
Option or SAR will be in such form and will contain such terms and conditions as the Board deems appropriate. The provisions of separate Options or SARs need not be identical or comparable; provided, however, that each Award Agreement for
Options or SARs will conform to (through incorporation of provisions hereof by reference in the applicable Award Agreement or otherwise) the substance of each of the following provisions: 

(a)    Term. No Option or SAR will be exercisable after the expiration of
ten (10) years from the date of its grant or such shorter period specified in the Award Agreement. 

  
 5 

 (b)    Exercise Price. The exercise or strike
price of each Option or SAR shall be determined by the Board and set forth in the Award Agreement which, unless otherwise determined by the Board, may be a fixed or variable price determined by reference to the Fair Market Value of the Ordinary
Shares over which such Award is granted; provided, however, that (i) no Option or SAR may be granted to a U.S. Participant with an exercise or strike price per Ordinary Share which is less than one hundred percent (100%) of the Fair
Market Value of an Ordinary Share subject to the Option or SAR on the date of grant, without compliance with Section 409A of the Code or the Participant’s consent, (ii) the exercise or strike price of each Option or SAR granted to a
Participant that is not a U.S. Participant shall comply with applicable law, and (iii) an Option or SAR may be granted with an exercise or strike price lower than that set forth herein if such Option or SAR is granted pursuant to an assumption
or substitution for an option or share appreciation right granted by another company, whether in connection with an acquisition of such company or otherwise, and in a manner consistent with the provisions of Section 409A of the Code and other
applicable law. Notwithstanding the foregoing, no Option or SAR may be granted with an exercise or strike price lower than the par value of the Ordinary Shares. Each SAR will be denominated in Ordinary Share equivalents. 

(c)    Exercise Procedure and Payment of Exercise Price for Options. In order to
exercise an Option, the Participant must provide notice of exercise to the Company in accordance with the procedures specified in the Option Agreement or otherwise provided by the Company. The purchase price of Ordinary Shares acquired pursuant to
the exercise of an Option may be paid, to the extent permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment set forth below. Any Ordinary Shares that are not fully paid will be
subject to the forfeiture provisions in the Company’s Memorandum and Articles of Association (as amended and/or restated from time to time). The Board will have the authority to grant Options that do not permit all of the following methods of
payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to use a particular method of payment. Subject to applicable law, the permitted methods of payment are as follows: 

(i)    by cash, check, bank draft or money order payable to the Company; 

(ii)    pursuant to a “cashless exercise” program (developed under Regulation T as
promulgated by the U.S. Federal Reserve Board or similar regulations in other applicable jurisdictions, if required for compliance with the laws of the relevant jurisdiction) that, prior to the issuance of the Ordinary Share subject to the Option
results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds; 

(iii)    by delivery to the Company (either by actual delivery or attestation) of Ordinary Shares
that are already owned by the Participant free and clear of any liens, claims, encumbrances or security interests, with a Fair Market Value on the date of exercise that does not exceed the exercise price, provided that (A) at the time of
exercise the Ordinary Shares are publicly traded, (B) any remaining balance of the exercise price not satisfied by such delivery is paid by the Participant in cash or other permitted form of payment, (C) such delivery would not violate any
applicable law or agreement restricting the redemption of the Ordinary Shares, (D) any certificated shares are endorsed or accompanied by an executed assignment separate from the certificate, and (E) such Ordinary Shares have been held by
the Participant for any minimum period necessary to avoid adverse accounting treatment as a result of such delivery as may be required by the Company; 

(iv)    if an Option is a Nonstatutory Share Option, by a “net exercise” arrangement
pursuant to which the Company will reduce the number of Ordinary Shares issuable upon exercise by the largest whole number of Ordinary Shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that
the Company will accept a cash or other payment from the Participant to the extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole Ordinary Shares to be issued. Ordinary Shares will no
longer be subject to an Option and will not be exercisable thereafter to the extent that (A) Ordinary Shares issuable upon exercise are used to pay the exercise price pursuant to the “net exercise,” (B) Ordinary Shares are delivered
to the Participant as a result of such exercise, and (C) Ordinary Shares are withheld to satisfy tax withholding obligations; or 

  
 6 

 (v)    in any other form of legal consideration
that may be acceptable to the Board and permissible under applicable law. 

(d)    Exercise and Payment of a SAR. To exercise any outstanding SAR, the
Participant must provide written notice of exercise to the Company in compliance with the provisions of the Award Agreement evidencing such SAR or otherwise provided by the Company. The appreciation distribution payable on the exercise of a SAR will
be not greater than an amount equal to the excess of (i) the aggregate Fair Market Value (on the date of the exercise of the SAR) of a number of Ordinary Shares equal to the number of Ordinary Shares equivalents in which the Participant is
vested under such SAR, and with respect to which the Participant is exercising the SAR on such date, over (ii) the aggregate strike price of the number of Ordinary Shares equivalents with respect to which the Participant is exercising the SAR
on such date. The appreciation distribution may be paid in Ordinary Shares, in cash, in any combination of the two or in any other form of consideration, as determined by the Board and contained in the Award Agreement evidencing such SAR and subject
to applicable law. 
 (e)    Transferability of Options and SARs. The Board may, in its sole
discretion, impose such limitations on the transferability of Options and SARs as the Board will determine. In the absence of such a determination by the Board to the contrary, the following restrictions on the transferability of Options and SARs
will apply: 
 (i)    Restrictions on Transfer. An Option or SAR will not be transferable except
by will or by the laws of descent and distribution (and pursuant to subsections (ii) and (iii) below), and will be exercisable during the lifetime of the Participant only by the Participant. The Board may permit transfer of the Option or SAR in
a manner that is not prohibited by applicable tax and securities laws. Except as explicitly provided herein, neither an Option nor a SAR may be transferred for consideration. 

(ii)    Domestic Relations Orders. Subject to the approval of the Board or a duly
authorized Officer, an Option or SAR may be transferred pursuant to the terms of a domestic relations order, official marital settlement agreement or other divorce or separation instrument as permitted by Treasury Regulation 1.421-1(b)(2) or regulations in other applicable jurisdictions. 

(iii)    Beneficiary Designation. Subject to the approval of the Board or a duly
authorized Officer, a Participant may, by delivering written notice to the Company, in a form approved by the Company (or the designated broker), designate a third party who, upon the death of the Participant, will thereafter be entitled to exercise
the Option or SAR and receive the Ordinary Shares or other consideration resulting from such exercise. In the absence of such a designation, upon the death of the Participant, the executor or administrator of the Participant’s estate will be
entitled to exercise the Option or SAR and receive the Ordinary Shares or other consideration resulting from such exercise. However, the Company may prohibit designation of a beneficiary at any time, including due to any conclusion by the Company
that such designation would be inconsistent with the provisions of applicable laws. 

(f)    Vesting Generally. The total number of Ordinary Shares subject to an Option or
SAR may vest and become exercisable in periodic installments that may or may not be equal. The Option or SAR may be subject to such other terms and conditions on the time or times when it may or may not be exercised (which may be based on the
satisfaction of performance goals or other criteria) as the Board may deem appropriate. The vesting provisions of individual Options or SARs may vary. The provisions of this Section 5(f) are subject to any Option or SAR
provisions governing the minimum number of Ordinary Shares as to which an Option or SAR may be exercised. 

  
 7 

 (g)    Termination of Continuous Service. 

(i)    Termination of Continuous Service for Cause. Except as explicitly provided otherwise in a
Participant’s Award Agreement or other written agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service is terminated for Cause, the Participant’s Options and SARs (whether vested or
unvested) will terminate and be forfeited immediately upon such termination of Continuous Service, and the Participant will be prohibited from exercising any portion (including any vested portion) of such Awards on and after the date of such
termination of Continuous Service and the Participant will have no further right, title or interest in such forfeited Award, the Ordinary Shares subject to the forfeited Award, or any consideration in respect of the forfeited Award. 

(ii)    Post-Termination Exercise Period Following Termination of Continuous Service for Reasons Other
than Cause. Subject to Section 5(h), if a Participant’s Continuous Service terminates for any reason other than for Cause, the Participant may exercise his or her Option or SAR to the extent vested, but only
within the following period of time or, if applicable, such otherperiod of time provided in the Award Agreement or other written agreement between a Participant and the Company or an Affiliate; provided, however, that in no event may such
Award be exercised after the expiration of its maximum term (as set forth in Section 5(a)): 

(1)    Three (3) months following the date of such termination if the Option is an
Incentive Share Option (other than any termination due to the Participant’s Disability or death); 

(2)    Twelve (12) months following the date of such termination if such termination
is a termination without Cause (other than any termination due to the Participant’s Disability or death); 

(3)    Twelve (12) months following the date of such termination if such termination
is due to the Participant’s Disability; 
 (4)    Eighteen (18) months
following the date of such termination if such termination is due to the Participant’s death; or 

(5)    Eighteen (18) months following the date of the Participant’s death if such
death occurs following the date of such termination but during the period such Award is otherwise exercisable (as provided in (1) or (2) above). 

Following the date of such termination, to the extent the Participant does not exercise such Award within the applicable post-termination
exercise period (or, if earlier, prior to the expiration of the maximum term of such Award), such unexercised portion of the Award will terminate, and the Participant will have no further right, title or interest in the terminated Award, the
Ordinary Shares subject to the terminated Award, or any consideration in respect of the terminated Award. 

(iii)    Termination of Continuous Service and Unvested Portion of Award.
Except as otherwise provided in the applicable Award Agreement or other written agreement between the Participant and the Company, immediately upon termination of Continuous Service, all unvested portions of any outstanding Options or SARs of
such Participant shall be forfeited without consideration as of the termination date. 

  
 8 

 (h)    Restrictions on Exercise;
Extension of Exercisability. A Participant may not exercise an Option or SAR at any time that the issuance of Ordinary Shares upon such exercise would violate applicable law. Except as otherwise provided in the applicable Award Agreement
or other written agreement between the Participant and the Company, if the exercise of an Option or SAR following the termination of the Participant’s Continuous Service (other than for Cause and other than upon the Participant’s death or
Disability) would be prohibited at any time solely because the issuance of Ordinary Shares would violate applicable law, then the Option or SAR will terminate on the earlier of (i) the expiration of a total period of time (that need not be
consecutive) equal to the applicable post termination exercise period after the termination of the Participant’s Continuous Service during which the exercise of the Option or SAR would not be in violation of such registration requirements, and
(ii) the expiration of the term of the Option or SAR as set forth in the applicable Award Agreement. In addition, unless otherwise provided in a Participant’s Award Agreement, if the sale of any Ordinary Shares received upon exercise of an
Option or SAR following the termination of the Participant’s Continuous Service (other than for Cause) would violate the Company’s insider trading policy, then the Option or SAR will terminate on the earlier of (i) the expiration of a
period of time (that need not be consecutive) equal to the applicable post-termination exercise period after the termination of the Participant’s Continuous Service during which the sale of the Ordinary Shares received upon exercise of the
Option or SAR would not be in violation of the Company’s insider trading policy, and (ii) the expiration of the term of the Option or SAR as set forth in the applicable Award Agreement. 

(i)    Modification or Assumption of Options. Except as otherwise provided in
the Plan, the Board may modify, extend or assume outstanding Options or may accept the cancellation of outstanding stock options (whether granted by the Company or by another issuer) in return for the grant of new Options for the same or a different
number of shares and at the same or a different exercise price. No modification of an Option shall, without the consent of the Participant, impair his or her rights or increase his or her obligations under such Option. 

 

	 6.
	 PROVISIONS OF AWARDS OTHER
THAN OPTIONS AND SARS. 

(a)    Restricted Share Awards. Each Restricted Share Award Agreement will be in such
form and will contain such terms and conditions as the Board deems appropriate. To the extent consistent with the Company’s Memorandum and Articles of Association (as amended and/or restated from time to time) and other constitutional and
governance documents, at the Board’s election, Ordinary Shares underlying a Restricted Share Award may be held in book entry form subject to the Company’s instructions until any restrictions relating to the Restricted Share Award lapse;
and may be evidenced by a certificate, which certificate will be held in such form and manner as determined by the Board. The Company may require that any share certificates relating to Restricted Shares be held by the Company in escrow for the
participant until all restrictions on such Restricted Shares have been removed. The terms and conditions of Restricted Share Award Agreements may change from time to time, and the terms and conditions of separate Restricted Share Award Agreements
need not be identical or comparable. Each Restricted Share Award Agreement will conform to (through incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 

(i)    Consideration. A Restricted Share Award may be awarded in consideration for (A) cash,
check, bank draft or money order payable to the Company, (B) past services to the Company or an Affiliate, or (C) any other form of legal consideration (including future services) that may be acceptable to the Board, in its sole
discretion, and permissible under applicable law. 
 (ii)    Vesting. Ordinary Shares awarded
under the Restricted Share Award Agreement may be subject to forfeiture to the Company in accordance with a vesting schedule to be determined by the Board. Except as otherwise provided in an Award Agreement or other written agreement between a
Participant and the Company or an Affiliate, vesting of Restricted Share Awards will cease upon termination of a Participant’s Continuous Service. 

(iii)    Termination of Participant’s Continuous Service. If a Participant’s Continuous
Service terminates, the Company may receive through a forfeiture condition or a repurchase right, any or all of the Ordinary Shares held by the Participant as of the date of termination of Continuous Service under the terms of the Restricted Share
Award Agreement. 

  
 9 

 (iv)    Transferability. Rights to acquire
Ordinary Shares under the Restricted Share Award Agreement will be transferable by the Participant only upon such terms and conditions as are set forth in the Restricted Share Award Agreement, as the Board will determine in its sole discretion, so
long as Ordinary Shares awarded under the Restricted Share Award Agreement remains subject to the terms of the Restricted Share Award Agreement. 

(v)    Dividends. A Restricted Share Award Agreement may provide that any dividends paid on
Restricted Shares will be subject to the same vesting and forfeiture restrictions as apply to the Ordinary Shares subject to the Restricted Share Award to which they relate. 

(vi)    Shareholder Rights. Unless otherwise determined by the Board, a Participant will have
voting and other rights as a shareholder of the Company with respect to any Ordinary Shares subject to a Restricted Share Award. 

(b)    Restricted Share Unit Awards. Each Restricted Share Unit Award Agreement will
be in such form and will contain such terms and conditions as the Board deems appropriate. The terms and conditions of Restricted Share Unit Award Agreements may change from time to time, and the terms and conditions of separate Restricted Share
Unit Award Agreements need not be identical or comparable. Each Restricted Share Unit Award Agreement will conform to (through incorporation of the provisions hereof by reference in the Agreement or otherwise) the substance of each of the following
provisions: 
 (i)    Consideration. At the time of grant of a Restricted Share
Unit Award, the Board will determine the consideration, if any, to be paid by the Participant upon delivery of each Ordinary Share subject to the Restricted Share Unit Award. The consideration to be paid (if any) by the Participant for each Ordinary
Share subject to a Restricted Share Unit Award may be paid in any form of legal consideration that may be acceptable to the Board, in its sole discretion, and permissible under applicable law. 

(ii)    Vesting. At the time of the grant of a Restricted Share Unit Award, the Board
may impose such restrictions on or conditions to the vesting of the Restricted Share Unit Award as it, in its sole discretion, deems appropriate. 

(iii)    Settlement. A Restricted Share Unit Award may be settled by the delivery of
Ordinary Shares, their cash equivalent, any combination thereof or in any other form of consideration, as determined by the Board and contained in the Restricted Share Unit Award Agreement. At the time of the grant of a Restricted Share Unit Award,
the Board, as it deems appropriate, may impose such restrictions or conditions that delay the delivery of the Ordinary Shares (or their cash equivalent) subject to a Restricted Share Unit Award to a time after the vesting of such Restricted Share
Unit Award. 
 (iv)    Dividend Equivalents. Dividend equivalents may be credited
in respect of Ordinary Shares covered by a Restricted Share Unit Award, as determined by the Board and contained in the Restricted Share Unit Award Agreement. At the sole discretion of the Board, such dividend equivalents may be converted into
additional Ordinary Shares covered by the Restricted Share Unit Award in such manner as determined by the Board. Any additional Ordinary Shares covered by the Restricted Share Unit Award credited by reason of such dividend equivalents will be
subject to all of the same terms and conditions of the underlying Restricted Share Unit Award Agreement to which they relate. Any dividend equivalents distributed under the Plan shall not be counted against the Share Reserve. 

(v)    Termination of Participant’s Continuous Service. Except as
otherwise provided in the applicable Restricted Share Unit Award Agreement, such portion of the Restricted Share Unit Award that has not vested will be forfeited upon the Participant’s termination of Continuous Service, and the Participant will
have no further right, title or interest in the Restricted Share Unit Award, the Ordinary Shares issuable pursuant to the Restricted Share Unit Award, or any consideration in respect of the Restricted Share Unit Award. 

  
 10 

(vi)    Creditors’ Rights. A holder of Restricted Share
Units shall have no rights other than those of a general creditor of the Company. Restricted Share Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Restricted Share Unit
Agreement. 
 (c)    Other Awards. Other forms of Awards valued in whole or in part
by reference to, or otherwise based on, Ordinary Shares, including the appreciation in value thereof (e.g., options or share rights with an exercise price or strike price less than one hundred percent (100%) of the Fair Market Value of the Ordinary
Shares at the time of grant) may be granted either alone or in addition to Awards provided for under Section 5 and the preceding provisions of this Section 6. Such Other Awards may include (without
limitation) Awards that may vest or may be exercised or a cash Awards that may vest or become earned and paid contingent on the attainment during a performance period of performance goals or other criteria as the Board may determine. Subject to the
provisions of the Plan, the Board will have sole and complete authority to determine the persons to whom and the time or times at which such Other Awards will be granted, the number of Ordinary Shares (or the cash equivalent thereof) to be granted
pursuant to such Other Awards, and all other terms and conditions of such Other Awards (including without limitation, with respect to any performance Awards, the length of the performance period, the performance goals to be achieved during the
performance period, and the measure of whether and to what degree such performance goals have been obtained). 
  

	 7.
	 COVENANTS OF THE COMPANY.

 (a)    Availability of Ordinary Shares. The Company will
keep available at all times the number of Ordinary Shares reasonably required to satisfy then-outstanding Awards. 

(b)    Securities Law Compliance. The Company will use commercially reasonable efforts to seek to
obtain from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Awards and to issue and sell Ordinary Shares upon exercise of the Awards; provided, however, that this undertaking
will not require the Company to register the Plan, any Award or any Ordinary Shares issued or issuable pursuant to any such Award under the Securities Act or other applicable securities regulatory scheme. If, after reasonable efforts and at a
reasonable cost, the Company is unable to obtain from any such regulatory commission or agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of Ordinary Shares under the Plan, the Company will be
relieved from any liability for failure to issue and sell Ordinary Shares upon exercise of such Awards unless and until such authority is obtained. A Participant will not be eligible for the grant of an Award or the subsequent issuance of cash or
Ordinary Shares pursuant to the Award if such grant or issuance would be in violation of any applicable securities law or any other applicable law or regulation. 

(c)    No Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to
any Participant to advise such holder as to the time or manner of exercising such Award. Furthermore, the Company will have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a
possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award. 

  
 11 

	 8.
	 MISCELLANEOUS. 

(a)    Use of Proceeds from Sales of Ordinary Share. Proceeds from the sale of Ordinary Shares
pursuant to Awards will constitute general funds of the Company. 
 (b)    Corporate Action
Constituting Grant of Awards. Corporate action constituting a grant by the Company of an Award to any Participant will be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless of when the
instrument, certificate, or letter evidencing the Award is communicated to, or actually received or accepted by, the Participant. In the event that the corporate records (e.g., Board consents, resolutions or minutes) documenting the corporate action
constituting the grant contain terms (e.g., exercise price, vesting schedule or number of Ordinary Shares) that are inconsistent with those in the Award Agreement as a result of a clerical error in the papering of the Award Agreement, the corporate
records will control and the Participant will have no legally binding right to the incorrect term in the Award Agreement. 

(c)    Shareholder Rights. No Participant will be deemed to be the holder of, or to
have any of the rights of a holder with respect to, any Ordinary Shares subject to an Award unless and until (i) such Participant has satisfied all requirements for exercise of, or the issuance of Ordinary Shares under, the Award pursuant to
its terms, including but not limited to, any applicable withholding or tax obligations relating to the Award, and (ii) the issuance of the Ordinary Shares subject to the Award has been entered into the books and records of the Company and the
register of members of the Company has been accordingly updated. No adjustment shall be made for cash or stock dividends or other rights for which the record date is prior to the date when such Ordinary Share is issued, except as expressly provided
in this Plan. 
 (d)    No Employment or Other Service Rights. Nothing in the Plan, any Award
Agreement or any other instrument executed thereunder or in connection with any Award granted pursuant thereto will confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the
Award was granted or will affect the right of the Company or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without cause, (ii) the service of a Consultant pursuant to the terms of such
Consultant’s agreement with the Company or an Affiliate, or (iii) the service of a Director pursuant to the Company’s Memorandum and Articles of Association (as amended and/or restated from time to time) and other constitutional and
governance documents of the Company or an Affiliate, and any provisions of the applicable laws of the jurisdiction in which the Company or the Affiliate is incorporated, as the case may be. 

(e)    Government and Other Regulations. The obligation of the Company to make payment of awards in
Ordinary Shares or otherwise shall be subject to all applicable laws, and to such approvals by government agencies as may be required. The Company shall be under no obligation to register any of the Ordinary Shares paid pursuant to the Plan under
the Securities Act or any other similar laws in any applicable jurisdiction. If the Ordinary Shares paid pursuant to the Plan may in certain circumstance be exempt from registration pursuant to the Securities Act or other applicable laws, the
Company may restrict the transfer of such Ordinary Shares in such manner as it deems advisable to ensure the availability of such exemption. The Company may, upon advice of counsel to the Company, place legends on share certificates issued under the
Plan as such counsel deems necessary or appropriate in order to comply with applicable securities laws or other applicable laws, including, but not limited to, legends restricting the transfer of the Ordinary Shares. 

(f)    Withholding Obligations. Unless prohibited by the terms of an Award Agreement,
the Company may, in its sole discretion, satisfy any tax withholding obligation relating to an Award by any of the following means or by a combination of such means: (i) causing the Participant to tender a cash payment; (ii) withholding
Ordinary Shares from the Ordinary Shares issued or otherwise issuable to the Participant in connection with the Award; (iii) withholding cash from an Award settled in cash; (iv) withholding payment from payroll and/or any other amounts
otherwise payable to the Participant; (vi) by allowing a Participant to effectuate a “cashless exercise”; or (vi) by such other method as may be set forth in the Award Agreement. 

  
 12 

 (g)    Electronic Delivery. Any reference herein
to a “written” agreement or document will include any agreement or document delivered electronically or posted on the Company’s intranet (or other shared electronic medium controlled by the Company to which the Participant has
access). 
 (h)    Deferrals. To the extent permitted by applicable law, the Board, in its sole
discretion, may determine that the delivery of Ordinary Shares or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Award may be deferred and may establish programs and procedures for deferral elections to be
made by Participants. The Board is authorized to make deferrals of Awards and determine when, and in what annual percentages, Participants may receive payments, including lump sum payments, following the Participant’s termination of Continuous
Service, and implement such other terms and conditions consistent with the provisions of the Plan and in accordance with applicable law. 

(i)    Additional Information. The Company shall request the Participant to provide any information
necessary to comply with applicable laws and regulations, including without limitation the Cayman Islands Tax Information Authority Law (2013 Revision), Tax Information Authority (International Tax Compliance) (United Kingdom) Regulations, 2014, and
Tax Information Authority (International Tax Compliance) (United States of America) Regulations, 2014, and any anti-money laundering or anti-terrorist laws or regulations (the “Relevant Regulations”) and may delay updating
the Company’s books and records and register of members until the relevant Participant has provided satisfactory information to the Company. The Company may disclose any information concerning the Participant necessary to comply with the
Relevant Regulations. 
 (j)    Buyout of Awards. The Board may at any time
offer to buy out, and the Participants shall accept such offer, for a payment in cash or cash equivalents (including without limitation Ordinary Shares issued at Fair Market Value that may or may not be issued under this Plan), an Award previously
granted based upon such terms and conditions as the Board shall establish. 

(k)    Clawback Policy. The Company may (i) cause the cancellation of any
Award, (ii) require reimbursement of any Award by a Participant, and (iii) effect any other right of recoupment of equity or other compensation provided under this Plan or otherwise in accordance with Company policies and/or applicable law
(each, a “Clawback Policy”). In addition, a Participant may be required to repay to the Company certain previously paid compensation, whether provided under this Plan or an Award Agreement or otherwise,
in accordance with the Clawback Policy. 
 (l)    Foreign Currency. A Participant may be required
to provide evidence that any currency used to pay the exercise or strike price of any Award was acquired and taken out of the jurisdiction in which the Participant resides in accordance with applicable laws, including foreign exchange control laws
and regulations. 
  

	 9.
	 ADJUSTMENTS UPON CHANGES IN
ORDINARY SHARE; OTHER CORPORATE EVENTS. 

(a)    Capitalization Adjustments. In the event of a Capitalization Adjustment, the
Board will appropriately and proportionately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a), (ii) the class(es) and maximum number of securities that may be
issued pursuant to the exercise of Incentive Share Options pursuant to Section 3(b), (iii) the class(es) and number of securities and price per share of Ordinary Shares subject to outstanding Awards, or (iv) the
issuer of the Awards. The Board will make such adjustments, and its determination will be final, binding and conclusive. 

  
 13 

 (b)    In the event of any change in the
capitalization of the Company or corporate change other than those specifically referred to in Section 9(a), including without limitation, any extraordinary cash dividend, spin-off, split-off, sale of a Subsidiary or business unit, public listing of a Subsidiary, or other similar transaction, the Board may make such adjustments in the issuer, number and class of shares subject to Awards
outstanding on the date on which such change occurs, such as, for example, a rollover of Awards, as the Board may consider appropriate. 

(c)    Dissolution or Liquidation. Except as otherwise provided in the Award
Agreement, in the event of a dissolution or liquidation of the Company, all outstanding Awards (other than Awards consisting of vested and outstanding Ordinary Shares not subject to a forfeiture condition or the Company’s right of repurchase)
will terminate immediately prior to the completion of such dissolution or liquidation, and the Ordinary Shares subject to the Company’s repurchase rights or subject to a forfeiture condition may be repurchased or reacquired by the Company
notwithstanding the fact that the holder of such Award is providing Continuous Service, provided, however, that the Board may, in its sole discretion, cause some or all Awards to become fully vested, exercisable and/or no longer subject to
repurchase or forfeiture (to the extent such Awards have not previously expired or terminated) before the dissolution or liquidation is completed but contingent on its completion. 

(d)    Corporate Transactions. The following provisions will apply to Awards in the
event of a Transaction unless otherwise provided in the Award Agreement or any other written agreement between the Company or any Affiliate and the Participant or unless otherwise expressly provided by the Board at the time of grant of an Award. In
the event of a Transaction, then, notwithstanding any other provision of the Plan, the Board may take one (1) or more of the following actions with respect to Awards, contingent upon the closing or completion of the Transaction: 

(i)    arrange for the surviving corporation or acquiring corporation (or the surviving or acquiring
corporation’s parent company) to assume or continue the Award or to substitute a similar award for the Award (including, but not limited to, an award to acquire the same consideration paid to the shareholders of the Company pursuant to the
Transaction); 
 (ii)    arrange for the assignment of any reacquisition or repurchase rights
held by the Company in respect of Ordinary Shares issued pursuant to the Award to the surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company); 

(iii)    accelerate the vesting, in whole or in part, of the Award (and, if applicable, the time at
which the Award may be exercised) to a date prior to the effective time of such Transaction as the Board determines (or, if the Board does not determine such a date, to the date that is five (5) days prior to the effective date of the
Transaction), with such Award terminating if not exercised (if applicable) at or prior to the effective time of the Transaction; provided, however, that the Board may require Participants to complete and deliver to the Company a notice of exercise
before the effective date of a Transaction, which exercise is contingent upon the effectiveness of such Transaction; 

(iv)    arrange for the lapse, in whole or in part, of any reacquisition or repurchase rights held
by the Company with respect to the Award; 
 (v)    cancel or arrange for the cancellation of the
Award, to the extent not vested or not exercised prior to the effective time of the Transaction, in exchange for such cash consideration, if any, as the Board, in its sole discretion, may consider appropriate; and 

  
 14 

 (vi)    make a payment, in such form as may be
determined by the Board equal to the excess, if any, of (A) the value of the property the Participant would have received upon the exercise of the Award immediately prior to the effective time of the Transaction, over (B) any exercise
price payable by such holder in connection with such exercise. For clarity, this payment may be zero ($0) and the Award may be cancelled with no consideration if the cash, value of the property or a combination of both that the Participant would be
scheduled to receive at the consummation of the Transaction is equal to or less than the exercise price. Payments under this provision may be delayed or forfeited to the same extent that payment of consideration to the holders of the Company’s
Ordinary Shares in connection with the Transaction is delayed or forfeited as a result of escrows, earn outs, holdbacks or any other contingencies. 

The Board need not take the same action or actions with respect to all Awards or portions thereof or with respect to all Participants. The
Board may take different actions with respect to the vested and unvested portions of an Award.  

(e)    Change in Control. An Award may be subject to additional acceleration of
vesting and exercisability upon or after a Change in Control as may be provided in the Award Agreement for such Award or as may be provided in any other written agreement between the Company or any Affiliate and the Participant, but in the absence
of such provision, no such acceleration will occur without Board action. 

(f)    Swaps. The Options and Restricted Share Unit Awards shall be subject to
certain swap provisions as set forth in Annex A attached hereto. 
  

	 10.
	 PLAN TERM; EARLIER TERMINATION
OR SUSPENSION OF THE PLAN. 

(a)    Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner
by the Board, the Plan will automatically terminate on the day before the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board, or (ii) the date the Plan is approved by the shareholders of the Company. No
Awards may be granted under the Plan while the Plan is suspended or after it is terminated. 

(b)    No Impairment of Rights. Suspension or termination of the Plan will not impair rights and
obligations under any Award granted while the Plan is in effect except with the written consent of the affected Participant or as otherwise permitted in the Plan. 
  

	 11.
	 ADDITIONAL PROVISIONS APPLICABLE TO U.S.
PARTICIPANTS. 

 (a)    Incentive Share Options. 

(i)    Incentive Share Options may be granted only to employees of the Company or a “parent
corporation” or “subsidiary corporation” thereof (as such terms are defined in Sections 424(e) and (f) of the Code, respectively). 

(ii)    A Ten Percent Shareholder shall not be granted an Incentive Share Option unless the
exercise price of such Option is at least one hundred ten percent (110%) of the Fair Market Value on the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant or such shorter period
specified in the Award Agreement. “Ten Percent Shareholder” means a person who Owns (or is deemed to Own pursuant to Section 424(d) of the Code) Capital Shares possessing more than ten percent (10%) of the
total combined voting power of all classes of shares of the Company or any Affiliate. 

  
 15 

 (iii)    To the extent that the aggregate Fair
Market Value (determined at the time of grant) of Ordinary Shares with respect to which Incentive Share Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates)
exceeds one hundred thousand dollars ($100,000) (or such other limit established in the Code) or otherwise does not comply with the rules governing Incentive Share Options, the Options or portions thereof that exceed such limit (according to
the order in which they were granted) or otherwise do not comply with such rules will be treated as Nonstatutory Share Options, notwithstanding any contrary provision of the applicable Option Agreement(s). 

(b)    Compliance with Section 409A of the Code. To the extent
that the Board determines that any Award granted hereunder is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions necessary to avoid the consequences specified in
Section 409A(a)(1) of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code. In the event that any provision of the Plan or an Award agreement is determined by
the Board to not comply with the applicable requirements of Section 409A of the Code or the Treasury Regulations or other guidance issued thereunder, the Board shall have the authority to take such actions and to make such changes to the Plan
or an Award Agreement as the Board deems necessary to comply with such requirements (including without limitation, after the grant date of an Award, increasing the exercise price to equal what was the Fair Market Value on the grant date of the
Award). Each payment to a Participant made pursuant to this Plan shall be considered a separate payment and not one of a series of payments for purposes of Section 409A of the Code. Notwithstanding the foregoing or anything elsewhere in the
Plan or an Award Agreement to the contrary, if upon a Participant’s Separation From Service (as defined in Section 409A of the Code), he/she is then a “specified employee” (as defined in Section 409A of the Code), then
solely to the extent necessary to comply with Section 409A of the Code and avoid the imposition of taxes under Section 409A of the Code, the Company shall defer payment of “nonqualified deferred compensation” subject to
Section 409A of the Code payable as a result of and within six (6) months following such Separation From Service under this Plan until the earlier of (i) the first business day of the seventh month following the Participant’s
Separation From Service, or (ii) ten (10) days after the Company receives written confirmation of the Participant’s death. Any such delayed payments shall be made without interest. While it is intended that all payments and benefits
provided under this Plan will be exempt from or comply with Section 409A of the Code, the Company makes no representation or covenant to ensure that the Awards and payments under this Plan are exempt from or compliant with Section 409A of
the Code. The Company will have no liability to any Participant or any other party if a payment or benefit under this Plan or any Award is challenged by any taxing authority or is ultimately determined not to be exempt or compliant. Each Participant
further understands and agrees that each Participant will be entirely responsible for any and all taxes on any benefits payable to the Participant as a result of this Plan or any Award. In no event whatsoever shall the Company be liable for any
additional tax, interest or penalties that may be imposed on a Participant by Section 409A of the Code or for any damages for failing to comply with Section 409A of the Code. 

(c)    Section 280G of the Code. Notwithstanding any provision of the Plan or an
Award Agreement to the contrary, if any payment or benefit that a U.S. Participant would receive pursuant to the Plan or an Award Agreement or any other agreement and/or arrangement with the Company or any of its Affiliates (a
“Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the
Code (the “Excise Tax”), then such Payment will be equal to the Reduced Amount. The “Reduced Amount” will be either (x) the largest portion of the Payment that would result in no portion of the
Payment being subject to the Excise Tax or (y) the largest portion, up to and including the total, of the Payment, whichever amount, after taking into account all applicable federal, state and local employment taxes, income taxes, and the
Excise Tax (all computed at the highest applicable marginal rate), results in the U.S. Participant’s receipt, on an after-tax basis, of the greater economic benefit notwithstanding that all or some
portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the Payment equals the Reduced Amount, reduction will occur in the manner that results
in the greatest economic benefit for the U.S. Participant. If more than one (1) method of reduction will result in the same economic benefit, the items so reduced will be reduced pro rata. 

  
 16 

	 12.
	 CHOICE OF LAW; ARBITRATION.

 (a)    Governing Law. The laws of the Cayman Islands will govern
all questions concerning the construction, validity and interpretation of this Plan, without regard to that state’s conflict of laws rules. 

(b)    Dispute Resolution. All and any of the disputes arising from and in connection with
this Agreement shall be referred to and finally resolved by arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules are deemed to be incorporated by
reference in this clause. For the avoidance of doubt, the law of the arbitration shall be governed by the International Arbitration Act (Chapter 143A, 2002 Ed, Statutes of the Republic of Singapore) or its modification or re-enactment thereof. 
  

	 13.
	 DEFINITIONS. As used in the Plan, the following definitions will apply to the
capitalized terms indicated below: 

(a)    “Affiliate” means, at the time of determination, (i) any
Subsidiary and any “parent corporation” or “subsidiary corporation” of the Company, as such terms are defined in Sections 424(e) and (f) of the Code, respectively, and (ii) any other entity that, directly or
indirectly, controls, is controlled by or is under common control with the Company and/or one (1) or more Subsidiaries. For the purposes of this definition, “control” of a given entity means possessing the power or authority, whether
exercised or not, to direct the business, management and policies of such entity, directly or indirectly, whether through the ownership of voting securities, by contract, arrangement, understanding, relationship or otherwise, which power or
authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than thirty percent (30%) of the votes entitled to be cast at a meeting of the members or shareholders of such entity or
power to control the composition of at least thirty percent (30%) a majority of the board of directors of such entity; the term “controlled” has the meaning correlative to the foregoing. The Board will have the authority to determine the
time or times at which “parent corporation” or “subsidiary corporation” or “control” status is determined within the foregoing definition. 

(b)    “Award” means any right to receive Ordinary Shares granted under the
Plan, including an Option, a Restricted Share Award, a Restricted Share Unit Award, a Share Appreciation Right or any Other Award. 

(c)    “Award Agreement” means a written agreement between the
Company and a Participant evidencing the terms and conditions of an Award grant. Each Award Agreement will be subject to the terms and conditions of the Plan. 

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

(e)    “Business Combination Agreement” means the Business Combination
Agreement, dated as of April 12, 2021 by and among (i) the Company, (ii) Altimeter Growth Corp., an exempted company limited by shares incorporated under the laws of the Cayman Islands, (iii) J2 Holdings Inc., an exempted company
limited by shares incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of the Company, (iv) J2 Holdings Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands and a direct
wholly owned subsidiary of the Company and (v) Grab Holdings Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands. 

  
 17 

 (f)    “Capital Shares”
means each and every class of ordinary shares of the Company, regardless of the number of votes per share. 

(g)    “Capitalization Adjustment” means any change that is made in, or
other events that occur with respect to, the Ordinary Shares subject to the Plan or subject to any Award after the Effective Date without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization,
reincorporation, share dividend, dividend in property other than cash, large nonrecurring cash dividend, share split, reverse share split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure, or any similar
equity restructuring transaction. Notwithstanding the foregoing, the conversion of any convertible securities of the Company will not be treated as a Capitalization Adjustment. 

(h)    “Cause” will have the meaning ascribed to such term in
any written agreement between the Participant and the Company or an Affiliate defining such term and, in the absence of such agreement, such term means, with respect to a Participant, the occurrence of any of the following events: (i) such
Participant’s commission of any felony or any crime involving fraud, dishonesty or moral turpitude under the laws of the applicable jurisdiction; (ii) such Participant’s attempted commission of, or participation in, a fraud or act of
dishonesty against the Company or an Affiliate; (iii) such Participant’s intentional, material violation of any contract or agreement between the Participant and the Company or an Affiliate or of any statutory duty owed to the Company or
an Affiliate; (iv) such Participant’s unauthorized use or disclosure of the Company’s or an Affiliate’s confidential information or trade secrets; or (v) such Participant’s gross misconduct. The determination that a
termination of the Participant’s Continuous Service is either for Cause or without Cause will be made by the Company, in its sole discretion. Any determination by the Company that the Continuous Service of a Participant was terminated with or
without Cause for the purposes of outstanding Awards held by such Participant will have no effect upon any determination of the rights or obligations of the Company or such Participant for any other purpose. 

(i)    “Change in Control” means the occurrence, in a single transaction or
in a series of related transactions, of any one (1) or more of the following events: 

(i)    any Exchange Act Person becomes the Owner, directly or indirectly, of securities of the
Company representing more than 50% of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the foregoing, a Change in Control shall not be
deemed to occur (A) on account of the acquisition of securities of the Company directly from the Company, (B) on account of the acquisition of securities of the Company by an investor, any affiliate thereof or any other Exchange Act Person
that acquires the Company’s securities in a transaction or series of related transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity securities, or (C) solely because the level of
Ownership held by any Exchange Act Person (the “Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or other acquisition of voting securities by the
Company reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the Company, and after such share acquisition, the
Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the Subject Person over the
designated percentage threshold, then a Change in Control shall be deemed to occur; 

  
 18 

 (ii)    there is consummated a merger,
consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such merger, consolidation or similar transaction, the shareholders of the Company immediately prior thereto do not Own,
directly or indirectly, either (A) outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction or
(B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving Entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as their
Ownership of the outstanding voting securities of the Company immediately prior to such transaction; 

(iii)    the shareholders of the Company approve or the Board approves a plan of complete
dissolution or liquidation of the Company, or a complete dissolution or liquidation of the Company will otherwise occur, except for a liquidation into a parent corporation; or 

(iv)    there is consummated a sale, lease, exclusive license or other disposition of all or
substantially all of the consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an Entity, more
than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by shareholders of the Company in substantially the same proportions as their Ownership of the outstanding voting securities of the Company
immediately prior to such sale, lease, license or other disposition. 
 Notwithstanding the foregoing definition or any other provision of
this Plan, (A) the term Change in Control will not include a sale of assets, merger or other transaction effected exclusively for the purpose of changing the domicile of the Company, and (B) the definition of Change in Control (or any
analogous term) in a written agreement between the Company or any Affiliate and the Participant will supersede the foregoing definition with respect to Awards subject to such agreement; provided, however, that if no definition of Change in
Control or any analogous term is set forth in such written agreement, the foregoing definition will apply. 
 If required for compliance
with Section 409A of the Code, in no event will a Change in Control be deemed to have occurred if such transaction is not also a “change in the ownership or effective control of” the Company or “a change in the ownership of a
substantial portion of the assets of” the Company as determined under Treasury Regulation Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder). 

(j)    “Class A Ordinary Shares” means
Class A ordinary shares of the Company, par value $0.000001 per share. 

(k)    “Class B Ordinary Shares” means
Class B ordinary shares of the Company, par value $0.000001 per share. 

(l)    “Code” means the U.S. Internal Revenue Code of 1986, as amended,
including any applicable regulations and guidance thereunder. 

(m)    “Committee” means a committee of one (1) or more Directors to
whom authority has been delegated by the Board in accordance with Section 2(c). 

(n)    “Company” means Grab Holdings Limited, a Cayman Islands company
limited by shares. 

  
 19 

 (o)    “Consultant” means
any person, including an advisor, who is (i) engaged by the Company or an Affiliate to render consulting or advisory services and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and
is compensated for such services. However, service solely as a Director, or payment of a fee for such service, will not cause a Director to be considered a “Consultant” for purposes of the Plan. Notwithstanding the foregoing,
a person is treated as a Consultant under this Plan only if a Form S-8 Registration Statement under the Securities Act is available to register either the offer or the sale of the Company’s securities to
such person. 
 (p)    “Continuous Service” means that the
Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an
Employee, Director or Consultant or a change in the Entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, will not terminate a
Participant’s Continuous Service; provided, however, that if the Entity for which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board in its sole discretion, such Participant’s
Continuous Service will be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. For example, a change in status from an Employee of the Company to a Consultant of an Affiliate or to a Director will not constitute
an interruption of Continuous Service. To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service will be considered interrupted in the case
of (i) any leave of absence approved by the Board or chief executive officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the
foregoing, a leave of absence will be treated as Continuous Service for purposes of vesting in an Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or
policy applicable to the Participant, or as otherwise required by law. 

(q)    “Corporate Transaction” means the consummation, in a single
transaction or in a series of related transactions, of any one (1) or more of the following events: 

(i)    a sale or other disposition of all or substantially all, as determined by the Board in
its sole discretion, of the consolidated assets of the Company and its Subsidiaries; 
 (ii)    a
sale or other disposition of at least ninety percent (90%) of the outstanding securities of the Company; 

(iii)    a merger, consolidation or similar transaction following which the Company is not the
surviving corporation; or 
 (iv)    a merger, consolidation or similar transaction following
which the Company is the surviving corporation but the Ordinary Shares outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into
other property, whether in the form of securities, cash or otherwise. 

(r)    “Director” means a member of the Board. 

(s)    “Disability” means, with respect to a Participant, the inability of
such Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or that has lasted or can be expected to last for a continuous period of not
less than twelve (12) months, and will be determined by the Board on the basis of such medical evidence as the Board deems warranted under the circumstances. 

(t)    “Effective Date” has the meaning set forth in
Section 1(a). 

  
 20 

 (u)    “Employee” means
any person employed by the Company or an Affiliate. However, service solely as a Director, or payment of a fee for such services, will not cause a Director to be considered an “Employee” for purposes of the Plan. 

(v)    “Entity” means a corporation, partnership, limited liability company
or other entity. 
 (w)    “Exchange Act” means the U.S. Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

(x)    “Exchange Act Person” means any natural person,
entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” will not include (i) the Company or any Subsidiary of the Company, (ii) any employee benefit
plan of the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily holding securities
pursuant to a registered public offering of such securities, (iv) an entity Owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their Ownership of stock of the Company; (v) any natural
person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the Owner, directly or indirectly, of securities of the Company representing more than 50% of the combined
voting power of the Company’s then outstanding securities; or (vi) any holder of Class B Ordinary Shares as of the Effective Date. 

(y)    “Fair Market Value” means, as of any date, unless otherwise
determined by the Board, the value of the Ordinary Shares (as determined on a per share or aggregate basis, as applicable) determined as follows: 

(i)    If the Ordinary Shares are listed on any established stock exchange or traded on any
established market, the Fair Market Value will be the closing sales price for such stock as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Ordinary Shares) on the date of determination, as
reported in a source the Board deems reliable. 
 (ii)    If there is no closing sales price for
the Ordinary Shares on the date of determination, then the Fair Market Value will be the closing selling price on the last preceding date for which such quotation exists. 

(iii)    In the absence of such markets for the Ordinary Shares, or if otherwise determined by the
Board, the Fair Market Value will be determined by the Board in good faith and in a manner that complies with Sections 409A of the Code and Section 422 of the Code, as applicable. 

(z)    “Incentive Share Option” means an Option that is intended to be, and
that qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code. 

(aa)    “Non-Employee Director”
means a Director who is not an Employee. 
 (bb)    “Nonstatutory Share
Option” means any Option that does not qualify as an “incentive stock option” within the meaning of Section 422 of the Code. 

(cc)    “Officer” means any person designated by the Company as an officer.

 (dd)    “Option” means an option to purchase Ordinary Shares granted
pursuant to the Plan. 

  
 21 

 (ee)    “Option
Agreement” means a written agreement between the Company and an Optionholder evidencing the terms and conditions of an Option grant. Each Option Agreement will be subject to the terms and conditions of the Plan. 

(ff)    “Optionholder” means a person to whom an Option is granted pursuant
to the Plan or, if applicable, such other person who holds an outstanding Option. 

(gg)    “Ordinary Shares” means either Class A Ordinary Shares
or Class B Ordinary Shares, as the context requires. 
 (hh)    “Other
Award” means an award based in whole or in part by reference to the Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(c). 

(ii)    “Other Award Agreement” means a written agreement between
the Company and a holder of an Other Award evidencing the terms and conditions of an Other Award grant. Each Other Award Agreement will be subject to the terms and conditions of the Plan. 

(jj)    “Own,” “Owned,”
“Owner,” “Ownership” means a person or Entity will be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of
securities if such person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such
securities. 
 (kk)    “Participant” means a person to whom an Award is
granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Award. 

(ll)    “Plan” means this Grab Holdings Limited 2021 Equity Incentive Plan,
as may be amended and/or amended and restated from time to time. 

(mm)    “Restricted Share Award” means an award of Ordinary Shares which is
granted pursuant to the terms and conditions of Section 6(a). 

(nn)    “Restricted Share Award Agreement” means a written agreement
between the Company and a holder of a Restricted Share Award evidencing the terms and conditions of a Restricted Share Award grant. Each Restricted Share Award Agreement will be subject to the terms and conditions of the Plan. 

(oo)    “Restricted Share Unit Award” means a right to
receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b). 

(pp)    “Restricted Share Unit Award Agreement” means
a written agreement between the Company and a holder of a Restricted Share Unit Award evidencing the terms and conditions of a Restricted Share Unit Award grant. Each Restricted Share Unit Award Agreement will be subject to the terms and conditions
of the Plan. 
 (qq)    “Securities Act” means the U.S. Securities Act of
1933, as amended. 
 (rr)    “Share Appreciation Right” or
“SAR” means a right to receive the appreciation on Ordinary Shares that is granted pursuant to the terms and conditions of Section 5. 

(ss)     “Share Appreciation Right Agreement” means a written agreement
between the Company and a holder of a Share Appreciation Right evidencing the terms and conditions of a Share Appreciation Right grant. Each Share Appreciation Right Agreement will be subject to the terms and conditions of the Plan. 

  
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 (tt)    “Share Reserve”
means the aggregate number of Ordinary Shares available for issuance pursuant to Awards from and after the Effective Date under the Plan as set forth in Section 3(a). 

(uu)    “Subsidiary” means, with respect to the Company, (i) any
corporation of which more than fifty percent (50%) of the outstanding capital shares having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, share of any other
class or classes of such corporation will have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or other
entity in which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than fifty percent (50%) . 

(vv)    “Substitute Awards” means Awards granted or Ordinary Shares issued
by the Company in assumption of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case by a company or other entity acquired by the Company or any Subsidiary or with which the
Company or any Subsidiary combines. 
 (ww)    “Transaction” means
a Corporate Transaction or a Change in Control. 
 (xx)    “U.S.” means
the United States. 
 (yy)    “U.S. Participant” means a Participant that
is either a U.S. resident or a U.S. taxpayer. 

  
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 Annex A 

Swap Provisions 

(a)    Swap - Affiliate Options for Company Options. 

(i)    Each Eligible Transfer Individual may be given the right, during an applicable Swap Window,
to elect to surrender all or a portion of his or her outstanding unvested Affiliate Options (i.e., surrendered options), and in exchange, receive a grant of Options under the Plan (the “Swapped Company Options”). 

(ii)    The number of Swapped Company Options that an Eligible Transfer Individual will be entitled
to receive in exchange for the surrendered Affiliate Options and the per share exercise price for such Swapped Company Options will be determined by the Board (or its designee) and the applicable Affiliate Board (or its designee) in a manner
intended to preserve economic equivalence; provided, however, for U.S. Participants, such Swapped Company Options may not be granted at a per share exercise price that is less than one hundred percent (100%) of the Fair Market Value of
an Ordinary Share on the date of grant of the Swapped GHI Option, as determined by the Board in its discretion. 

(iii)    Each Swapped Company Option shall be in such form and will contain such terms and
conditions as the Board (or its designee) deems appropriate, and as otherwise apply to Options pursuant to the terms of the Plan, except that, unless otherwise determined by the Board (or its designee), the vesting conditions that applied to the
surrendered Affiliate Options shall apply to the Swapped Company Options. 
 (iv)    As a
condition to receipt of a Swapped Company Option, each Eligible Transfer Individual shall follow any and all procedures and take any and all actions necessary or advisable, as determined by the Board (or its designee) and the applicable Affiliate
Board (or its designee), to effectuate the forgoing, including without limitation executing a surrender agreement effectuating the surrender of the Affiliate Options and an Award Agreement with respect to the grant of the Swapped Company Options.

 (b)    Swap - Affiliate RSUs for Company RSUs. 

(i)    Each Eligible Transfer Individual may be given the right, during an applicable Swap Window,
to elect to surrender all or a portion of his or her outstanding and unvested Affiliate RSUs (i.e., surrendered RSUs), and in exchange, receive a grant of Restricted Share Unit Awards under the Plan (the “Swapped Company
RSUs”). Notwithstanding the foregoing, in the case of an Eligible Transfer Individual who is a U.S. Participant, such Eligible Transfer Individual shall only be permitted to surrender his or her Affiliate RSUs in accordance with the
preceding sentence to the extent that such Affiliate RSUs are exempt from Section 409A of the Code as short-term deferral pursuant to Treasury Regulation §1.409A-1(b)(4), as determined by the Board
(or its designee) in its discretion. 
 (ii)    The number of Swapped Company RSUs that an
Eligible Transfer Individual will be entitled to receive in exchange for the surrendered Affiliate RSUs will be determined by the Board (or its designee) and the applicable Affiliate Board (or its designee) in a manner intended to preserve economic
equivalence. 
 (iii)    Each Swapped Company RSU shall be in such form and will contain such
terms and conditions as the Board (or its designee) deems appropriate, and as otherwise applicable to Restricted Stock Unit Awards pursuant to the terms of the Plan, except that, unless otherwise determined by the Board (or its designee), the
vesting and settlement conditions that applied to the surrendered Affiliate RSUs shall apply to the Swapped Company RSUs. 

  
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 (iv)    As a condition to receipt of Swapped
Company RSUs, each Eligible Transfer Individual shall follow any and all procedures and take any and all actions necessary or advisable, as determined by the Board (or its designee) and the applicable Affiliate Board (or its designee), to effectuate
the forgoing, including without limitation executing a surrender agreement effectuating the surrender of the Affiliate RSUs and an Award Agreement with respect to the grant of the Swapped Company RSUs. 

(c)    Swap – Affiliate Options for Company RSUs. 

(i)    Each Eligible Transfer Individual (other than a U.S. Participant) may be given the right,
during an applicable Swap Window, to elect to surrender all or a portion of his or her outstanding and unvested Affiliate Options (i.e., surrendered options), and in exchange, receive a grant of Swapped Company RSUs. Notwithstanding anything
herein to the contrary, the provisions of this clause (c) shall not apply to U.S. Participants. 

(ii)    The number of Swapped Company RSUs that an Eligible Transfer Individual will be entitled to
receive in exchange for the surrendered Affiliate Options will be determined by the Board (or its designee) and the applicable Affiliate Board (or its designee) in a manner intended to preserve economic equivalence. 

(iii)    Each Swapped Company RSU shall be in such form and will contain such terms and conditions
as the Board (or its designee) deems appropriate, and as otherwise applicable to Restricted Stock Unit Awards pursuant to the terms of the Plan, except that, unless otherwise determined by the Board (or its designee), the vesting conditions that
applied to the surrendered Affiliate Options shall apply to the Swapped Company RSUs. 

(iv)    As a condition to receipt of Swapped Company RSUs, each Eligible Transfer Individual shall
follow any and all procedures and take any and all actions necessary or advisable, as determined by the Board (or its designee) and the applicable Affiliate Board (or its designee), to effectuate the forgoing, including without limitation executing
a surrender agreement effectuating the surrender of the Affiliate Options and an Award Agreement with respect to the grant of the Swapped Company RSUs. 

(d)    Notwithstanding anything in this Annex A to the contrary, if at any time the Board
determines that the grant of Swapped Awards under the Plan is or may in the circumstances be unlawful under the laws or regulations of any applicable jurisdiction, the swap provisions of this Annex A and/or any right to receive any Swapped
Awards shall be suspended until the Board determines that such grant is lawful. The Company shall have no obligation to compensate the award holder for any losses caused by the implementation of this Annex A. 

(e)    At the Board’s discretion, the issuance of a Swapped Award may be subject to and
conditioned upon the Participant’s agreement to become a party to a shareholders’ agreement and a voting proxy agreement, and be bound by their respective terms. 

(f)    Definitions. For purposes of this Annex A, the following terms will have the
following meanings: 
 (i)    “Affiliate Board” means the board of
directors of an Affiliate of the Company. 

  
 2 

 (ii)    “Affiliate ESOP”
means an employee equity incentive plan maintained by an Affiliate of the Company. 

(iii)    “Affiliate Options” means options awarded pursuant to an Affiliate
ESOP. 
 (iv)    “Affiliate RSUs” means restricted stock units awarded
pursuant to an Affiliate ESOP. 
 (v)    “Eligible Transfer Individual”
means an Employee or Consultant who (i) has outstanding unvested Affiliate Options and/or Affiliate RSUs, (ii) no longer provides fifty percent (50%) or more of his/her time supporting the business of the Affiliate (or its Subsidiaries) in
which he/she holds such outstanding Affiliate Options and/or Affiliate RSUs, as determined by the Board (or its designee) in its discretion, and (iii) is selected by the Board (or its designee) and receives a Swap Election Notice from the
Company. 
 (vi)    “Swap Election Notice” means a written notice sent by
the Company to an Eligible Transfer Individual, which shall notify such individual that he/she has been selected to be an Eligible Transfer Individual, the applicable Swap Window, and other procedures with respect to the swaps contained in this
Annex A. 
 (vii)    “Swap Window” means the period of time set
forth in a Swap Election Notice. 
 (viii)    “Swapped Award” means a
Swapped Company Option or Swapped Company RSU, as applicable. 

  
 3

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