Document:

EX-10.1

 Exhibit 10.1 

EMPLOYMENT AND SEVERANCE AGREEMENT 

This Employment and Severance Agreement (this “Agreement”) is made as of October 13, 2020, by and between OneSpaWorld
Holdings Limited (the “Company”), and Susan Bonner (“Employee”), and shall be effective as of the Effective Date as defined herein. 

RECITALS 

WHEREAS, the Company desires to employ Employee, and Employee desires to be employed on the terms and conditions set forth in this
Agreement. 
 NOW, THEREFORE, in consideration of the foregoing premises and the mutual promises, terms, provisions and conditions
set forth in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1. Employee’s Duties; At Will Nature of Employment 

Effective on October 13, 2020 (the “Effective Date”), the Company hereby employs Employee as Chief Commercial Officer of the Company and
Employee hereby accepts such employment. In that capacity, Employee shall report to the Company’s Chief Executive Officer and have such duties and responsibilities consistent with the foregoing and otherwise consistent with Employee’s
position as may be determined from time to time by the Board of Directors of the Company (the “Board”), including duties with respect to Affiliates of the Company. For purposes of this Agreement, “Affiliate” means
an entity controlled by, controlling or under common control with the entity in question. 
 While she is employed by the Company, Employee shall devote all
her business time and effort to the conduct of her duties hereunder; provided, however, that Employee may (i) serve on corporate, civic and charitable boards or committees, subject to approval by the Board (other than for non-profit organizations) in light of potential conflicts of interest with the Company, which approval shall not be unreasonably withheld or delayed, (ii) provide services on a pro bono basis to civic and
charitable organizations and (iii) attend to her personal investments, so long as such activities do not interfere, individually or in the aggregate, with the performance of Employee’s responsibilities as an employee of the Company in
accordance with this Agreement, are not competitive with the business of the Company or any of its Affiliates and are consistent with the Company’s policies. 

By Employee’s execution below, Employee acknowledges that (i) Employee’s employment with the Company is at will, and may be terminated by the
Company at any time, with or without notice and for Cause (as defined below) or any other reason or no reason (subject to the provisions of this Agreement) and (ii) except for this Agreement, there is no arrangement or agreement between
Employee and the Company concerning the terms of Employee’s employment with the Company and that nothing in this Agreement guarantees employment for any definitive or specific term or duration or any particular level of benefits or compensation
except as specifically provided for herein. 
 2. Effective Date; Term 

This Agreement is for an initial term commencing upon the Effective Date and terminating on December 31, 2021 (the “Initial Term”) and
shall thereafter be automatically extended for one (1) or more additional one- (1)-year periods (each, a “Renewal Period”) unless notice of
non-renewal is provided by either party to the other, in accordance with the notice provisions of Section 7 hereof, at least ninety (90) days prior to

 
the expiration of the Initial Term or the Renewal Period, as the case may be, or unless terminated sooner in accordance with the terms and conditions in Section 4 of this Agreement.
Notwithstanding the foregoing, the above-referenced notice of non-renewal may not be given by the Company during the twenty-four (24) month period commencing upon a Change in Control (as defined below) of
the Company occurring after the Effective Date; provided, that, the Company or Employee may terminate Employee’s employment for any other reason or no reason in accordance with the terms of this Agreement. For purposes herein,
“Change in Control” shall mean a “change in the ownership of a corporation,” “change in the effective control of a corporation” or a “change in the ownership of a substantial portion of a corporation’s
assets,” as each such term is defined under Treas. Reg. Section 1.409A-3(i)(5). The period during which this Agreement is in effect and Employee is employed with the Company in accordance with the
terms of this Agreement is referred to as the “Employment Term.” 
 3. Compensation 

(a) Salary, Bonus and Equity Awards. Except as otherwise provided herein, the Company (or any Affiliate of the Company) shall pay to
Employee compensation as described in this Section 3(a), all of which shall be subject to such withholdings and deductions as may be required by applicable law or regulation: 

(i) Base Salary. During the Employment Term, the Company shall pay to Employee an annualized base salary not less than
Three Hundred Eighty-Five Thousand Dollars (U.S. $385,000), subject to review each calendar year (a “Year”) and possible increase in the sole discretion of the Board, payable in biweekly installments (the “Base
Salary”). As used in this Agreement, the term “accrued” with respect to Base Salary means Base Salary with respect to the time period through the date in question. 

(ii) Incentive Bonus. During the Employment Term, Employee shall be eligible to receive a bonus (the “Incentive
Bonus”) ranging from 75% to 150% of her then-current Base Salary, with a target amount equal to 75% of her then-current Base Salary (the “Target Incentive Bonus”), based on achievement of the applicable performance goals
and criteria approved annually by the Compensation Committee of the Board (the “Committee”), in its sole discretion, subject to Employee’s continued employment through the last day of the applicable performance period (except
as otherwise provided in Sections 4(a), 4(b) and 4(d) below). The Incentive Bonus performance goals and criteria for a Year will be set forth in a written resolution of the Committee and communicated to Employee as soon as practicable following the
start of the applicable Incentive Bonus Year. 
 Any Incentive Bonus payable to Employee shall be paid (i) pursuant to the terms and
conditions of the Company’s bonus plan or policy then in existence, and (ii) notwithstanding anything herein to the contrary, in the Year following the performance Year, but no later than thirty (30) days following the Company’s
receipt of audited financials with respect to the Year for which the Incentive Bonus was earned. 
 (iii) Recovery of
Certain Compensation Awarded in Error. Notwithstanding any other provisions in this Agreement to the contrary, any bonus or other incentive-based or equity-based compensation paid to the Employee pursuant to this Agreement or any other agreement
or arrangement with the Company which is subject to recovery under any law, government regulation, or stock exchange listing requirement, will be subject to such deductions and clawback as may be required, but only to the extent required, to be made
pursuant to such law, government regulation, or stock exchange listing requirement (or any policy adopted by the Company pursuant to and to the extent consistent with any such law, government regulation or stock exchange listing). 

  
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 (iv) Equity Awards. Subject to applicable Board approval, Employee
shall be granted restricted stock units with a grant date fair value equal to One Million Dollars (U.S. $1,000,000) (“RSUs”) and 83,333 performance stock units (“PSUs”), in each case, effective as of the effective
date of the Company’s Form S-8 filing for such RSUs and PSUs and under the Company’s 2019 Equity Incentive Plan (the “Plan”), consistent with the following terms: 

(a) The RSUs shall be granted pursuant to an award agreement (the “RSU Award Agreement”) substantially in the
form utilized by the Company for the most recent grants of RSUs to executive officers of the Company prior to the Effective Date that will be entered into simultaneous with the execution of this Agreement. The RSUs will vest in three equal annual
installments on each of the first three anniversaries of the Effective Date, subject to Employee’s continued employment with the Company through each applicable vesting date and the terms of the RSU Award Agreement. 

(b) The PSUs shall be granted pursuant to an award agreement (the “PSU Award Agreement”) substantially in the
form utilized by the Company for the most recent grants of PSUs to executive officers of the Company prior to the Effective Date that will be entered into simultaneous with the execution of this Agreement. The PSUs will generally become earned upon
the attainment of the performance criteria set forth in the PSU Award Agreement, subject to the terms of the PSU Award Agreement. 
 (b)
Disability Insurance. During each Year of the Employment Term, Employee shall be paid an amount to be used toward the payment of premium on one disability insurance policy in the maximum amount obtainable by Employee (a
“Policy”) covering Employee, upon delivery to the Company of evidence reasonably satisfactory to Company of the purchase by Employee of a Policy with an annual premium due during such Year in an amount at least equal to the amount
requested by Employee under this Section 3(b), but in no event exceeding $6,800 annually (the “Disability Payment Amount”). The Disability Payment Amount shall be payable in equal installments at the times that the Base Salary
is paid to Employee and shall be subject to such deductions as may be required by applicable law or regulation. For the avoidance of doubt, any Disability Payment Amount received by Employee shall be reported on Employee’s W-2 as ordinary income to Employee at the time of receipt of any such Disability Payment Amount. 
 (c)
Life Insurance. During the Employment Term, the Company shall pay all premiums with respect to a term life insurance policy for Employee with a ten (10) year term and with respect to a death benefit equal to three (3) times
Employee’s then current Base Salary plus the Target Incentive Bonus amount. Such life insurance may be provided either through the Company’s group life insurance programs, by an individual policy, or by a combination of both group and
individual policies, at the option of the Company. For the avoidance of doubt, any such premium payments by the Company that are for an individual policy shall be reported on Employee’s W-2 as ordinary
income. 
 (d) Other Benefits; Forfeiture upon Resignation. Except to the extent duplicative of the benefits otherwise provided
hereunder, the Company shall provide to Employee, in amounts and otherwise of a nature commensurate with Employee’s compensation and position with the Company, all other employee benefits currently provided to the executive officers (as defined
for purposes of the Securities Exchange Act of 1934, as amended) of the Company, as well as those which the Company may, in the future, provide to its executive officers, including, without limitation, life insurance, medical coverage, benefits
under any 401(k) plan of the Company or its Affiliates, subject, in each case, to satisfying the applicable eligibility requirements and the terms of the applicable plan documents and Company policies, any contractual indemnification rights and
eligibility to receive awards under equity plans of the Company or an Affiliate of the Company applicable to executive officers of the Company, as determined in the 

  
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Committee’s sole discretion. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time without violation of this Agreement. The Company shall
also provide Employee with a private office and an annual auto allowance of Ten Thousand Dollars (U.S. $10,000) for the use by Employee in purchasing or leasing an automobile and for the payment of insurance, maintenance and other expenses in
connection with such automobile (the “Car Allowance”). The Company acknowledges and agrees that for services provided to the Company, Employee will be covered to the same extent as other executive officers of the Company by
directors’ and officers’ liability insurance maintained by the Company or any Affiliate of the Company, as applicable. 
 (e)
Relocation. As a condition to Employee’s employment, Employee shall relocate to the vicinity of the Company’s current headquarters in Coral Gables, Florida not later than December 31, 2020. During the Employment Term, from the
period commencing as of the Effective Date through the date immediately prior to Employee’s relocation (but in no event later than December 31, 2020), the Company shall provide, at the Company’s sole expense, suitable temporary
corporate housing in Virginia for Employee’s use. In addition, the Company shall reimburse Employee for reasonable relocation expenses (the “Relocation Expenses”) incurred by Employee in connection with her permanent relocation
to the Coral Gables, Florida area, which shall include airfare, moving services and other expenses pre-approved by the Company (but shall exclude any broker fees for the purchase, lease, rental and/or sale of
any home or apartment), subject to Employee’s presentment to the Company of appropriate documentation in accordance with the applicable Company policies in effect from time to time. Notwithstanding the foregoing, if Employee resigns without
Good Reason prior to the twelve (12)-month anniversary or is terminated for Cause prior to six (6) months of the Effective Date, Employee shall immediately repay to the Company any Relocation Expenses received prior to such termination date.
Any relocation expenses reimbursed by the Company pursuant to this Section 3(e) shall be reported on Employee’s W-2 as ordinary income to Employee. 

(f) Expense Reimbursement; No Relocation Subsequent to January 1, 2021. The Company shall reimburse Employee for all
ordinary and necessary business expenditures made by Employee in connection with, or in furtherance of, her employment upon presentation by Employee of expense statements, receipts, vouchers or such other supporting information in accordance with
Company policy or as otherwise may from time to time be reasonably requested by the Board. When traveling for business of the Company, Employee, at her sole discretion and at the Company’s expense, shall travel via business class
accommodations. Other business travel reimbursement for Employee during the Employment Term shall be pursuant to the applicable business expense reimbursement policy of the Company as in effect from time to time. The Company shall reimburse Employee
up to $5,000 for attorneys’ fees actually incurred by Employee solely in connection with the negotiation and finalization of Employee’s employment agreement (excluding any equity-based related arrangements), subject to Employee’s
presentment to the Company of appropriate documentation in accordance with the Company’s policy in effect from time to time. Notwithstanding anything herein to the contrary or otherwise, if any expense, reimbursement or in-kind benefit provided pursuant to this Section 3(f) or otherwise in this Agreement constitutes a “deferral of compensation” within the meaning of Section 409A
(“Section 409A”) of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations and other guidance thereunder: (i) the amount of expenses eligible for reimbursement or in-kind benefits provided to Employee during any Year will not affect the amount of expenses eligible for reimbursement or in-kind benefits provided to Employee in any other
Year; (ii) the reimbursements for expenses for which Employee is entitled to be reimbursed shall be made on or before the last day of the Year following the Year in which the applicable expense is incurred; and (iii) the right to payment
or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit. 

  
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 (g) Vacation. Employee shall be entitled to (i) five (5) weeks paid vacation per
Year, which shall be accrued in accordance with the Company’s vacation policy in effect from time to time (the “Vacation Days”) and (ii) additional vacation days on each day that is a United States federal holiday. The
vacation provided for in this Section 3(g) shall be coextensive with, and not cumulative with, vacations allowed pursuant to any other arrangements with any Affiliates of the Company. With respect to the Vacation Days not taken by Employee
during a Year, the Company shall pay to Employee, on or before January 30 of the following Year, an amount representing the Base Salary (at the rate in effect for the Year during which the Vacation Days were to have been taken) with respect to
the Vacation Days not taken by Employee during a Year (if any, the “Vacation Payment”); provided, however, that no payment shall be made with respect to more than ten (10) Vacation Days for any one (1) Year
(prorated for partial Years of employment) and Employee may not use any unused Vacation Days in any subsequent Years. As used in this Agreement, the term “accrued” with respect to Vacation Payment means the Vacation Payment to which
Employee is entitled hereunder through the date in question. Employee shall be eligible to participate in the Vacation Purchase Program offered to all Company employees as in effect from time to time (the “Vacation Purchase
Program”). In the event of Employee’s termination of employment, the Company shall pay to Employee an amount representing the Base Salary (at the rate in effect for the Year during which vacation days were purchased by Employee using
the Vacation Purchase Program (the “Vacation Purchase Days”)) utilized by Employee for the Vacation Purchase Days for all unused Vacation Purchase Days for the year in question, within sixty (60) days following the effective
date of such termination of employment, subject to the terms of the Vacation Purchase Program. 
 4. Termination 

(a) Death. In the event of Employee’s death during the Employment Term, the Company shall pay to Employee’s estate within
sixty (60) days after the date of Employee’s death: (i) any accrued but unpaid Base Salary pursuant to Section 3(a)(i) above to which Employee was entitled as of the date of death; (ii) any amount due to Employee as of the
date of death as reimbursement of expenses under Section 3(f) above; (iii) any accrued but unpaid Vacation Payment to which Employee was entitled as of the date of death; (iv) any Incentive Bonus earned but unpaid in respect of any
completed Year preceding the Year of the date of termination, to be paid at the same time such Incentive Bonus would otherwise be paid to Employee pursuant to Section 3(a)(ii) above; (v) a Pro-Rata
Target Bonus (as defined below); and (vi) a lump sum amount equal to the maximum monthly premium Employee’s spouse and other eligible family members (the “Dependents”) would be required to pay pursuant to continuation of
coverage requirements of Section 4980B of the Code and the regulations thereunder (“COBRA”) in order to avail them of continuation of medical and dental coverage in effect immediately prior to Employee’s death (assuming
all were eligible for such continuation) multiplied by eighteen (18) (the “COBRA Payment,” and, combined with such amounts described in (i)—(vi) herein, the “Accrued Benefits”). For avoidance of doubt, it is
understood that the amount described in clause (vi) in the immediately preceding sentence is due regardless of whether Dependents elect COBRA coverage, procure other medical and dental coverage or elect to have no such coverage;
provided, however, that the Company may modify the benefits contemplated by clause (vi) above to the extent reasonably necessary to avoid the imposition of any excise taxes on the Company for failure to comply with the
nondiscrimination requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and/or the Health Care and Education Reconciliation Act of 2010, as amended (to the extent applicable), Section 105(h) of the Code, and in
each case, the regulations and guidance promulgated thereunder (to the extent applicable); provided, further, that such modification shall be implemented in a manner that avoids economic harm to Employee to the extent practicable. For
purposes of this Agreement, the term “Pro-Rata Target Bonus” shall mean an amount equal to Employee’s Target Incentive Bonus for the Year during which a termination of, or by, as the case
may be, Employee occurred multiplied by the percentage of days during the Year prior to the date of termination during which she was employed by the Company. 

  
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 (b) Disability. If, during the Employment Term, Employee becomes unable to engage in
any substantial gainful activity or receives benefits for at least three (3) months under the Company’s disability plan, if any, as the result of a medically determinable physical or mental impairment that is expected to result in death or
continue for at least twelve (12) months or any longer period as may be required by applicable law (a “Disability”), Employee’s employment with the Company shall terminate (the date of such termination being the
“Disability Date”), and, thereafter, Employee shall not be deemed to be employed by the Company (except that Employee’s obligations under Section 5, below, shall remain in full force and effect) and the Company shall have
no further obligations to make payments or otherwise to, or on behalf of, Employee, except as provided in this Section 4(b). In determining Disability under this Section 4(b), the Company shall rely upon the written opinion of the
physician regularly attending Employee in determining whether a Disability is deemed to exist. If the Company disagrees with the opinion of such physician, the Company may choose a second physician, the two (2) physicians shall choose a third
physician, and the written opinion of a majority of the three (3) physicians shall be conclusive as to Employee’s Disability. The expenses associated with the utilization of any physician other than the physician regularly attending
Employee shall be borne solely by the Company. Employee hereby consents to any required medical examination and agrees to furnish any medical information requested by the Company and to waive any applicable physician/patient privilege that may arise
because of such determination. In the event of termination of Employee’s employment pursuant to this Section 4(b), the Company shall pay to Employee within sixty (60) days after the Disability Date the Accrued Benefits, provided that,
in respect of the COBRA Payment, “Dependents” shall also include Employee solely for purposes of this Section 4(b). Nothing in this Agreement is intended to cause the Company to be in violation of the Americans with Disabilities Act.

 (c) For Cause by Company or By Employee without Good Reason. If (i) the Company terminates Employee’s employment for
Cause, (ii) Employee terminates her employment without Good Reason (as defined below in Section 4(d)) upon sixty (60) days’ advance written notice (which the Company may, in its sole discretion, require such termination to be
effective earlier than any date provided in such notice, and, if such earlier date is so required, then it shall not change the basis for the termination of Employee’s employment or be construed as a termination without Cause pursuant to
Section 4(d)), or (iii) the Company or Employee deliver a notice of non-renewal of the Initial Term or any Renewal Period, this Section 4(c) shall apply. 

For purposes of this Agreement, “Cause” shall mean the occurrence of any of the following events: (i) Employee’s willful failure to
substantially perform Employee’s duties with the Company (other than any such willful failure resulting from Employee’s death or Disability); (ii) a material violation by Employee of any lawful written policy or directive of the Company or
any of its Affiliates applicable to Employee specifically, or to officers or employees of the Company or any of its Affiliates generally, the violation of which policy or directive is materially and demonstrably injurious to the Company or any of
its Affiliates; (iii) Employee’s continued willful misconduct and gross negligence in the performance of her duties hereunder that results in material and demonstrable damage to the Company or any of its Affiliates;
(iv) Employee’s material violation of any lawful direction from the Board to Employee, provided such direction is not inconsistent with Employee’s duties and responsibilities to the Company or any of its Affiliates hereunder and that
results in material and demonstrable damage to the Company or any of its Affiliates; (v) any act or conduct by Employee involving fraud, theft, misappropriation, or embezzlement of the property or assets of the Company or any of its Affiliates
that results in material and demonstrable damage to the Company or any of its Affiliates; (vi) the committing by Employee of any crime involving moral turpitude that results in material and demonstrable damage to the Company or any of its
Affiliates; or (vii) Employee’s material breach or material violation of any non-competition, non-solicitation,
non-disclosure or confidentiality provision contained in this Agreement; provided, however, that in the case of any of the events described in clauses (i), (ii), (iii), (iv) or (vii) above,
such event shall not constitute Cause hereunder unless and until there is given to Employee by the Company a written notice which sets forth the specific respects in which it believes that Employee’s conduct constitutes Cause hereunder, which
conduct is not cured (to the extent capable of cure) within thirty (30) days after written notice thereof. 

  
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 If Employee’s employment terminates under this Section 4(c), the terminating party shall
(i) notify the other party of such termination pursuant to notice provisions of Section 7 hereof and in accordance with this Section 4(c) and (ii) have no further obligations to make payments or otherwise to, or on behalf of,
Employee, except that Employee shall be entitled to receive any accrued but unpaid Base Salary pursuant to Section 3(a)(i), above, through the date of termination, and (iii) any other amounts earned by and due to Employee as of the date of
termination, including but not limited to reimbursement of expenses under Section 3(f), above, in each case within thirty (30) days after the termination of employment. Notwithstanding the foregoing, Employee shall, for all purposes, cease
to be deemed to be employed by the Company as of the date of any termination of Employee pursuant to this Section 4(c). 
 (d) For
Good Reason by Employee or By the Company without Cause. If Employee terminates her employment for Good Reason (and Cause does not exist) or the Company terminates her employment without Cause, then this Section 4(d) shall apply. 

For purposes of this Agreement, “Good Reason” shall mean any one or more of the following conditions which initially occur without
Employee’s consent: (i) a material breach or default by the Company of this Agreement; (ii) a material decrease in Employee’s Base Salary; (iii) a material diminution in Employee’s title as stated in this Agreement, a
material diminution in Employee’s authority, duties or responsibilities under this Agreement; and (iv) following Employee’s relocation in accordance with Section 3(e) of this Agreement, a change in the location of Employee’s
office of more than fifty (50) miles from Employee’s then-current office in Miami-Dade County, Florida; provided, however, no “Good Reason” right for termination shall be deemed to exist unless Employee provides to
the Company a written notice of the existence of the condition establishing Good Reason within sixty (60) days of its initial existence, the Company fails to remedy the condition within thirty (30) days following the receipt of such notice
and Employee actually terminates her employment for Good Reason within thirty (30) days following the expiration of such Company thirty (30)-day cure period. 

Subject to Sections 12 and 4(f) below, in the event that Employee’s employment terminates pursuant to this Section 4(d), then the Company shall pay
to Employee: (i) a lump payment of the Accrued Benefits within thirty (30) days after the date of termination; and (ii) continued payment of Employee’s then-current Base Salary for a period of twelve (12) months following
Employee’s termination date, payable in accordance with the Company’s regularly scheduled payroll procedures (the “Severance Payment”, and the period in which such Severance Payment is provided, the “Severance
Period”); provided, that to the extent that the payment of any amount constitutes “nonqualified deferred compensation” for purposes of Section 409A of the Code, any such payment scheduled to occur during the first
sixty (60) days following the termination will not be paid until the first regularly scheduled pay period following the sixtieth (60th) day following such termination date and will include
payment of any amount that was otherwise scheduled to be paid prior thereto. If (i) Employee fails to comply with her obligations hereunder, including but not limited to those obligations under Sections 5 and 12 hereunder, at any time, or
(ii) the Company discovers at any time during the six (6) month period following Employee’s termination of employment for Good Reason that a Cause condition existed and, prior to Employee’s termination, such Cause condition was
not known by the majority of the Board following reasonable inquiry, Employee’s right to the Severance Payment shall immediately cease and be forfeited in its entirety and any Severance Payment previously paid to Employee shall be immediately
repaid to the Company by Employee. 
 (e) Best Net Benefit under Section 280G. Notwithstanding anything to the
contrary contained in this Agreement, in the event that any payments and/or benefits made or provided to Employee under this Agreement or any other agreement or arrangement between Employee and any Company Affiliated Group (collectively, the
“Payments”) would constitute a “parachute payment” under Section 280G of the Code, the Payments shall be reduced to the largest amount as will result in no portion of the Payments being subject to the excise tax
imposed by Section 4999 of the Code (the “Reduced Payment”), provided however, 

  
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no reduction to the Payments shall occur if the Payments, less any excise tax which would be imposed on such Payments pursuant to Section 4999 of the Code, would be greater than the Reduced
Payment. All determinations with respect to this Section 4(e) and the assumptions to be utilized in arriving at such determination shall be made by an independent public accounting firm with a national reputation in the United States that is
selected by Employee which shall provide detailed support and calculations both to the Company and to Employee within fifteen (15) business days after the receipt of notice from Employee that there has been a Payment, or such earlier time as is
requested by the Company. If a reduction of Payments is necessary, the payments shall be reduced in the following order, subject to Section 409A of the Code: (i) cash payments that are treated in full as a parachute payment;
(ii) equity-based payments and acceleration that are treated in full as a parachute payment; (iii) cash payments that are treated in part as a parachute payment; (iv) equity-based payments and acceleration that are treated in part as
a parachute payment; and (v) other non-cash forms of benefits. Within any such category of payments and benefits (that is, (i), (ii), (iii), (iv) or (v)), a reduction shall occur first with respect to
amounts that are not “deferred compensation” within the meaning of Section 409A of the Code and then with respect to amounts that are “deferred compensation.” To the extent any such payment is to be made over time (e.g., in
installments), the payments shall be reduced in reverse chronological order. Nothing in this Section 4(e) shall require the Company or any of its Affiliates to be responsible for, or have any liability or obligation with respect to,
Employee’s excise tax liabilities under Section 4999 of the Code. 
 5. No Offset—No Mitigation 

Employee shall not be required to mitigate any damages resulting from a breach by the Company of this Agreement by seeking other comparable employment. The
amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation or benefits earned by or provided to Employee as a result of her employment by another employer. 

6. Non-Competition; Confidentiality; etc. 

All references to the “Company Affiliated Group” shall mean the Company and any of its Affiliates, collectively with each of their respective
successors and assigns. For the avoidance of doubt, following a Change in Control of the Company, “Affiliates” shall be defined as Affiliates of the Company following such Change in Control. 

(a) Acknowledgment. Employee acknowledges and agrees that: (i) the Company Affiliated Group has acquired and established, at great
expense and effort, valuable and competitively sensitive Confidential Information (as defined below), including trade secrets, and, to protect the business interests of the Company Affiliated Group and the competitive advantage derived from the
Confidential Information, it is necessary that such Confidential Information be kept secret and confidential at all times during and after the duration of Employee’s employment or affiliation with the Company Affiliated Group in accordance with
applicable law; (ii) in the course of Employee’s employment and/or other affiliation with the Company, Employee will be engaged in activities whereby Employee will have extensive access to and become intimately familiar with, and may
develop or contribute to, the Confidential Information, which information is vital to the success of the Company Affiliated Group, and the disclosure or use of which information outside the Company Affiliated Group would result in extensive and
irreparable harm; (iii) through great effort and at an incalculable expense, the Company Affiliated Group has developed and maintained, and will continue to develop and maintain, invaluable business relationships (contractual and prospective)
with the Company Affiliated Group’s employees, clients, customers, prospective customers, independent contractors, vendors, and suppliers, which business relationships are vital to the Company Affiliated Group’s success; (iv) the
restrictive covenants set forth in this Section 6 are reasonable and necessary in order to protect and maintain such proprietary interests and the other legitimate business interests of the Company Affiliated Group and that such restrictive
covenants in this Section 6 shall survive the termination of Employee’s employment with the Company for any reason; (v) the Company would not have entered into this Agreement unless such covenants were included herein; and
(vi) these covenants are entered into by Employee in consideration of the opportunity to receive severance and other payments pursuant to this Agreement. 

  
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 (b) Non-Competition. Employee covenants and
agrees that for a period commencing on Employee’s first (1st) day of employment or affiliation with the Company Affiliated Group and ending one (1) year following the last day of Employee’s employment or affiliation with the Company
Affiliated Group (the “Separation Date”), regardless of the reason for the termination of Employee’s employment or affiliation (such period, the “Restricted Period”), Employee shall not, without the written
consent of the Board, engage, directly or indirectly, whether as an individual, sole proprietor, or as a principal, agent, officer, director, employer, employee, consultant, independent contractor, partner or shareholder of any firm, corporation or
other entity or group or otherwise, in any Competing Business, (i) on any vessel, (ii) with any cruise ship operator, or (iii) within fifty (50) miles of any destination resort-based spa or any other non-vessel venue where, or from which, the Company Affiliated Group is then conducting, or had in the then preceding one (1) year conducted, any part of its business. For purposes of this Agreement, the term
“Competing Business” shall mean any individual, sole proprietorship, partnership, firm, corporation or other entity or group which offers or sells or attempts to offer or sell (i) spa and medi-spa services, or (ii) any
other services offered or sold by the Company Affiliated Group at any point during the twelve (12) month period prior to Employee’s Separation Date which constitute more than ten percent (10%) of the Company’s revenue. Notwithstanding
the foregoing, Employee is not precluded from maintaining a passive investment in publicly held entities provided that Employee does not have more than a five percent (5%) beneficial ownership in any such entity. 

(c) Non-Solicitation of Customers and Suppliers. Employee agrees that during the Restricted
Period, she shall not, without the written consent of the Board, directly or indirectly, on Employee’s own behalf or on behalf of any other person or entity (other than the Company Affiliated Group), solicit the trade or business of any
(i) Restricted Customer (defined below) or (ii) supplier or vendor with whom the Company Affiliated Group conducts business or otherwise has a business relationship, in connection with the sale or provision of any Restricted
Products/Services (defined below). 
 “Restricted Products/Services” means products or services, including but not limited to (i) spa
and medi-spa services, or (ii) any other services, that are competitive with, or are similar to, the type of products or services offered, serviced, provided, marketed, referred, under development or sold by the Company Affiliated Group during
the twelve- (12)-month period preceding the Separation Date. 
 “Restricted Customer” means any customer or client of the Company or any
other member of the Company Affiliated Group who was a customer or client at any time during the twelve- (12)-month period preceding the Separation Date and: (i) with whom Employee had Business Contact (as defined below), or whose
Business Contact with the Company Affiliated Group was coordinated or supervised by Employee, at any time during the twelve (12)-month period preceding the Separation Date; (ii) for whom Employee received compensation (including without
limitation, fees, bonuses, commissions or referral commissions) at any time during the twelve (12)-month period preceding the Separation Date; or (iii) about whom Employee received, or had access to, Confidential Information. Restricted
Customer shall also include any prospective customer or client who (i) had been solicited (other than by means of mass mailing or advertising) by the Company Affiliated Group at any time during the twelve (12)-month period preceding the
Separation Date, and (ii) during such period, Employee either (x) had Business Contact with such prospective customer or client or (y) received, or had access to, Confidential Information about such prospective customer or client.

  
 9 

 “Business Contact” means any communication, contact or interaction which takes place in the
context of establishing, developing, maintaining, servicing or otherwise furthering a business relationship or transaction on behalf of the Company Affiliated Group. 

(d) Non-Solicitation of Employees, Agents, or Contractors. Employee agrees that during the
Restricted Period, she shall not, without the written consent of the Board, on Employee’s own behalf or on behalf of any other person or entity (other than the Company Affiliated Group), directly or indirectly: (i) solicit or recruit, or
attempt to solicit or recruit, any Restricted Person (as defined below); (ii) induce or attempt to induce any Restricted Person to leave the employ of or cease doing business with the Company or any other member of the Company Affiliated Group; or
(iii) induce or encourage a third party to solicit or recruit, or attempt to solicit or recruit, any Restricted Person, in each such case above, in connection with such Restricted Person becoming employed by, or otherwise providing services to,
a person or business entity that sells, offers, develops or markets products or services in competition with, or similar to, the Restricted Products/Services. 

“Restricted Person” shall mean any employee, agent, or contractor of the Company Affiliated Group (i) with whom Employee worked,
collaborated or shared business information or (ii) about whom Employee received, or had access to, Confidential Information; provided, however, that Restricted Person shall only include the foregoing persons to the extent they
were employed by, or providing services to, the Company Affiliated Group during the twelve- (12)-month period prior to Employee’s Separation Date. 

(e) Non-Hire of Employees, Agents, or Contractors. Employee agrees that during the Restricted
Period, Employee shall not, without the written consent of the Board, on Employee’s own behalf or on behalf of any other person or entity (other than the Company Affiliated Group), directly or indirectly, (i) hire, or attempt to hire, any
Restricted Person or (ii) induce or encourage a third party to hire, or attempt to hire, any Restricted Person, in each such case above, in connection with such Restricted Person becoming employed by, or otherwise providing services to, a
person or business entity that sells, offers, develops or markets products or services in competition with, or similar to, the Restricted Products/Services. 

(f) Non-Interference. Employee agrees that during the Restricted Period, Employee shall not,
without the written consent of the Board, on Employee’s own behalf or on behalf of any other person or entity (other than the Company Affiliated Group), directly or indirectly, induce any customer or client, vendor, supplier or other
contracting party or business partner of the Company Affiliated Group to discontinue, terminate, cancel, disrupt or not renew a business relationship or transaction with any member of the Company Affiliated Group, or otherwise interfere with a
business relationship or transaction between any such parties and one or more members of the Company Affiliated Group. 
 (g) Non-Disclosure of Confidential Information. Employee agrees to hold and safeguard the Confidential Information in trust for the Company, its successors and assigns and only use the Confidential Information for
purposes of performing her duties hereunder and agrees that she shall not, without the prior written consent of the Board, misappropriate or disclose or make available to anyone for use outside the Company at any time, either during her employment
hereunder or subsequent to the termination of her employment hereunder for any reason, any of the Confidential Information, whether or not developed by Employee, except as required in the performance of Employee’s duties to the Company or as
required by applicable law. 
 For purposes of this Agreement, Confidential Information shall mean any of the following data, documents or information with
respect to the business of the Company Affiliated Group: (i) trade secrets; (ii) lists and other information about current and prospective clients and customers, including but not limited to client/customer preferences; (iii) plans or
strategies for sales, marketing or business development; (iv) sales and financial records; (v) prices or pricing strategy or information; (vi) the Company Affiliated Group’s 

  
 10 

 
methods, systems, techniques, procedures, designs, formulae, inventions and know-how; (vii) software development; (viii) computer programs;
(ix) employee compensation, medical and other personal or private information; (x) client/customer files; (xi) contract terms, conditions, rates and expiration dates; (xii) information the Company Affiliated Group receives from
any client or customer or other third party under a duty to keep such information confidential; (xiii) Company IP Rights (as defined below); (xiv) privileged or other legal information; and (xv) other confidential or proprietary
information of a similar nature not known to the public that, if misused or disclosed, could adversely affect the business of the Company Affiliated Group or its clients/customers (collectively, “Confidential Information”).
Confidential Information shall not include any information that is generally known to the public, unless such information became known or publicly available through unlawful means or as a result of any individual or entity’s breach of a
confidentiality obligation or other fiduciary, contractual, legal or other obligation or duty to the Company Affiliated Group, including any breach by Employee of this Agreement. 

Notwithstanding anything to the contrary contained herein, no provision of this Agreement will be interpreted so as to impede Employee (or any other
individual) from (i) making any disclosure of relevant and necessary information or documents in any action, investigation, or proceeding relating to this Agreement, or as required by law or legal process, including with respect to possible
violations of law, (ii) participating, cooperating, or testifying in any action, investigation, or proceeding with, or providing information to, any governmental agency, legislative body or any self-regulatory organization, including, but not
limited to, the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, (iii) accepting any U.S. Securities and Exchange Commission awards, or (iv) making other disclosures under the
whistleblower provisions of federal law or regulation. In addition, nothing in this Agreement or any other agreement or Company policy prohibits or restricts Employee from initiating communications with, or responding to any inquiry from, any
administrative, governmental, regulatory or supervisory authority regarding any good faith concerns about possible violations of law or regulation. Employee does not need the prior authorization of the Company to make any such reports or disclosures
and Employee will not be required to notify the Company that such reports or disclosures have been made. Employee is hereby notified in accordance with the Defend Trade Secrets Act of 2016 that Employee will not be held criminally or civilly liable
under any federal or state trade secret law for the disclosure of a trade secret that: (i) is made (x) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and (y) solely for
the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. Nothing in this Agreement is intended to conflict with 18 U.S.C.
§ 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b). Accordingly, the parties to this Agreement have the right to disclose in confidence trade secrets to federal, state, and
local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. The parties also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only
if the filing is made under seal and protected from public disclosure. 
 (h)
Non-disparagement. Employee acknowledges that any disparaging comments regarding the Company or any other member of the Company Affiliated Group are likely to substantially harm the Company’s
and/or the Company Affiliated Group’s business reputation. Accordingly, Employee agrees not to make any disparaging or defamatory statements, written or oral, regarding the Company or any other member of the Company Affiliated Group or any of
their respective current or former officers, directors, employees, shareholders, partners, members or agents. As of Employee’s termination date, the Company shall direct its officers and directors not to make any disparaging or defamatory
statements regarding Employee. Nothing in this Agreement shall be construed to prohibit Employee from reporting conduct to, providing truthful information to or participating in any investigation or proceeding conducted by any federal or state
government agency or self-regulatory organization, nor does anything herein preclude Employee from engaging in protected concerted activity under the National Labor Relations Act, if applicable. 

  
 11 

 (i) Disclosure of Works and Inventions/Assignment of Patents. Employee shall disclose
promptly to the Company any and all works, publications, inventions, discoveries and improvements authored, conceived or made by Employee during the period of her employment hereunder and related to the business or activities of the Company
Affiliated Group (the “Company IP Rights”), and hereby assigns and agrees to assign all her interest therein to the Company or its nominee. Whenever requested to do so by the Company, Employee shall execute any and all applications,
assignments or other instruments which the Company shall deem necessary to apply for and obtain Letters of Patent or Copyrights, or similar documents or rights, of the United States or any foreign country or to otherwise protect the Company’s
interest in the Company IP Rights. Such obligations shall continue beyond the termination of Employee’s employment hereunder for any reason with respect to works, inventions, discoveries and improvements authored, conceived or made by Employee
during the period of Employee’s employment under this Agreement. 
 (j) Return of Materials. Upon the termination of
Employee’s employment with the Company for any reason (or at any time prior thereto at the Company’s request), Employee shall promptly deliver to the Board all correspondence, drawings, blueprints, manuals, letters, notes, notebooks,
financial records, reports, flowcharts, programs, proposals and any other documents concerning the Company’s business, including, without limitation, its customers or suppliers or concerning its products, services or processes and all other
documents or materials containing or constituting Confidential Information; provided, however, that nothing in this Section 6(j) shall require Employee to deliver to the Board any property that is personally owned by Employee and
that contains no Confidential Information. Employee shall disclose to the Company all passwords and passcodes deemed necessary or desirable by the Company in Employee’s knowledge and/or possession relating to the business of the Company
Affiliated Group or the Confidential Information. If Employee has used any non-Company computer, electronic device, server, storage drive or e-mail system to receive,
store, review, prepare or transmit any Confidential Information, Employee shall provide the Company with a useable copy of such information and then permanently delete and expunge such information. If, following the Separation Date, Employee later
discovers in her custody, possession or control any additional property that belongs to the Company or the Company Affiliated Group, Employee shall return it to the Company promptly after its discovery. 

(k) Cooperation. Upon the receipt of reasonable notice from the Company (including outside counsel), Employee agrees that, while
employed by the Company and for a period of twelve (12) months thereafter, Employee will (i) respond and provide information with regard to matters in which Employee has knowledge as a result of Employee’s employment with the Company,
(ii) will provide reasonable assistance to the Company, its Affiliates and their respective representatives in defense of any claims that may be made against the Company or its Affiliates, and (iii) will assist the Company and its
Affiliates in the prosecution of any claims that may be made by the Company or its Affiliates, to the extent that such claims may relate to the period of Employee’s employment with the Company (collectively, the “Claims”).
Employee agrees to promptly inform the Company if Employee becomes aware of any lawsuits involving Claims that may be filed or threatened against the Company or its Affiliates. During Employee’s employment with the Company and for the twelve-
(12)-month period thereafter, Employee also agrees to promptly inform the Company (to the extent that Employee is legally permitted to do so) if Employee is asked to assist in any investigation of the Company or its Affiliates (or their actions) or
another party attempts to obtain information or documents from Employee (other than in connection with any litigation or other proceeding in which Employee is a
party-in-opposition) with respect to matters Employee believes in good faith to relate to any investigation of the Company or its Affiliates, in each case, regardless of
whether a lawsuit or other proceeding has then been filed against the Company or its Affiliates with respect to such investigation, and shall not do so unless legally required. During the pendency of any litigation or other proceeding involving
Claims, Employee shall not communicate with anyone (other than Employee’s attorneys and tax and/or financial advisors and except to the extent that Employee determines in good faith is necessary in connection with the performance of
Employee’s duties hereunder) with respect to the facts 

  
 12 

 
or subject matter of any pending or potential litigation or regulatory or administrative proceeding involving the Company or any of its Affiliates without giving prior written notice to the
Company or the Company’s counsel. Upon presentation of appropriate documentation, the Company shall pay or reimburse Employee for all reasonable out-of-pocket
travel, duplicating, telephonic or other reasonable out-of-pocket expenses incurred by Employee in complying with this Section 6(k). In addition, the Company shall
pay Employee an hourly fee, in an amount (rounded to the nearest whole cent) determined by dividing Employee’s Base Salary as in effect on the date of termination by 2,080, for services rendered by Employee in complying with this
Section 6(k); provided, however, that no such payment shall be required by the Company while Employee is employed by the Company or during any period in which severance is being paid to Employee hereunder. 

(l) Reasonableness; Extraordinary Remedies; Tolling. Employee has carefully read and considered the provisions of Section 6, and,
having done so, agrees that the restrictions set forth therein (including but not limited to the scope of defined terms, the time period of restrictions and the geographical areas of restriction set forth therein) are fair and reasonable and are
reasonably required for the protection of the legitimate business interests of the Company and the Company Affiliated Group. Employee represents that Employee’s experience, capabilities, and personal assets, as well as the compensation Employee
will receive during Employee’s employment or affiliation with the Company Affiliated Group, are such that Employee’s compliance with Section 6, will not prevent Employee from either earning a livelihood in the many business activities
that are not restricted by this Agreement or from otherwise adequately and appropriately supporting Employee’s family. Employee further agrees that Employee shall not assert, or permit to be asserted on Employee’s behalf, in any forum, any
position contrary to the foregoing. No breach of contract or violation of law by the Company shall operate to extinguish Employee’s obligations in Section 6. 

The parties acknowledge and agree that the individual covenants in this Agreement are separate and distinct commitments of Employee, independent of each other
covenant hereunder. Accordingly, if, at the time of enforcement of such covenants, a court of competent jurisdiction or arbitrator holds that the restrictions stated herein are unreasonable under the circumstances then existing, the parties hereto
agree that the maximum period or scope legally permissible under such circumstances will be substituted for the period or scope stated herein. 
 Employee
agrees that a breach of any covenant in this Section 6 would result in irreparable and continuing damage to the Company Affiliated Group and shall constitute a separate and independent material breach of this Agreement for which the applicable
member(s) of the Company Affiliated Group may pursue its or their remedies hereunder or as otherwise allowed by law. In the event of a breach or threatened breach of any covenant in Section 6, it is understood and agreed that the Company and/or
other applicable member(s) of the Company Affiliated Group shall be entitled to pursue temporary, preliminary and/or final injunctive relief without the necessity of posting any bond or similar security in connection with such action to the extent
permissible under applicable law, as well as other applicable remedies at law or in equity available to the Company and/or applicable member(s) of the Company Affiliated Group against Employee or others. Such remedy shall be in addition to and not
in lieu or limitation of any injunctive relief, other damages, or other rights or remedies to which the Company and/or other applicable member(s) of the Company Affiliated Group are or may be entitled at law or in equity under this Agreement or
otherwise. 
 Employee agrees that the applicable period of each such restrictive covenant in Section 6 shall be tolled during any period of time in
which Employee is in breach or violation of the terms thereof, in order that the Company Affiliated Group shall have all of the agreed-upon temporal protection thereunder. 

  
 13 

 Employee acknowledges and agrees that if Employee violates any of the covenants in Section 6, the
Company and/or applicable member(s) of the Company Affiliated Group shall be entitled to an accounting and repayment of all profits, compensation, fees, commissions, remunerations or benefits which Employee, directly or indirectly, has realized
and/or may realize as a result of, growing out of, or in connection with, any such violation. Such remedy shall be in addition to and not in limitation of any injunctive relief, other damages, or other rights or remedies to which the Company and/or
applicable member(s) of the Company Affiliated Group is or may be entitled at law or in equity under this Agreement or otherwise 
 The covenants provided
for in this Section 6 shall survive the termination of this Agreement and of Employee’s employment and shall survive the expiration of this Agreement and of Employee’s employment. 

7. Non-Assignment; Successors; etc. 

The Company may assign any of its rights, but it may not assign any of its obligations, under this Agreement without the prior written consent of Employee,
which consent shall not be unreasonably withheld. This Agreement shall inure to the benefit of, and be binding on and enforceable by, the successors and assigns of the Company. The successors and assigns of the Company shall be bound by the terms
hereof, and where the context permits, references to “Company” herein shall be deemed to apply to any such successors and assigns. Employee may assign her rights, but not her obligations, hereunder, and the obligations of Employee
hereunder, other than the obligations set forth in Section 1, above, shall continue after the termination of her employment with the Company for any reason. Other than the obligations set forth under Sections 1 and 5 above, such obligations
herein shall be binding upon her estate, personal representatives, designees or other legal representatives, as the case may be (“Heirs”), and all of Employee’s rights hereunder shall inure to the benefit of her Heirs. 

8. Notices 
 Except as may be
otherwise set forth in this Agreement, any notices or demands given in connection herewith shall be in writing and deemed given when: (i) personally delivered; (ii) sent by email or facsimile transmission to a number or email address
provided in writing by the addressee and a confirmation of the transmission is received by the sender; or (iii) three (3) days after being deposited for delivery with a recognized overnight courier, such as FedEx or UPS, and addressed or sent,
as the case may be, to the mailing address, email address, or facsimile number set forth below or to such other address, email address, or facsimile number as such party may in writing designate: 

 

			
	If to Employee:	  	
                          
                      

                          
                      
 Email:
                                      

		
	If to the Company:	  	 c/o OneSpaWorld
 770 S. Dixie Highway, Suite
200
 Coral Gables, FL 33146
 Attn: Inga A. Fyodorova

Email: ingaf@onespaworld.com

 9. Entire Agreement; Certain Terms 

This Agreement, together with the form of the Release of Claims attached hereto as Exhibit A and the Plan, RSU Award Agreement and PSU Award Agreement,
constitute and contain the entire agreement of the parties with respect to the matters addressed herein and supersedes any and all prior negotiations, correspondence, understandings and agreements between the parties respecting the subject matter
hereof, 

  
 14 

 
including but not limited to all other agreements and arrangements relating to the payment of any compensation to Employee with respect to any services performed, or to be performed, on behalf of
the Company or any of its Affiliates. When used in this Agreement, the terms “hereof,” “herein” and “hereunder” refer to this Agreement in their entirety, including any exhibits or schedules
attached to this Agreement and not to any particular provisions of this Agreement, unless otherwise indicated. 
 10. Counterparts

 This Agreement may be executed in two counterparts, each of which shall be deemed an original, but both of which together shall constitute one and
the same instrument. A faxed, PDF or electronic signature shall operate the same as an original signature. 
 11. Governing Law;
Dispute Resolution 
 (a) Governing Law. This Agreement shall be governed by the Federal Arbitration Act with respect to the
arbitration provisions and related matters in this Section 11, and for all other matters shall be exclusively governed by the laws of the State of Florida, without giving effect to any principles thereof relating to conflicts of laws. 

(b) Dispute Resolution. Any dispute or controversy between the parties relating to or arising out of this Agreement or any amendment or
modification hereof, or any other claims between the parties relating to or arising out of Employee’s employment or affiliation with the Company Affiliated Group or termination thereof (including but not limited to any claims for harassment,
discrimination, violation of wage and hour laws, whistleblowing, retaliation, leave rights, employee benefits, tort claims and any claims under federal, state or local statutes, regulations or ordinances relating to employment matters) shall, except
as expressly allowed otherwise herein, be exclusively determined by confidential individual arbitration in Miami, Florida, or such other location as the parties may agree in writing, under the auspices of the American Arbitration Association
(“AAA”) and pursuant to the Federal Arbitration Act and the Employment Arbitration Rules of the AAA. These rules may be accessed at the AAA’s website, www.adr.org/employment, and a printed copy will be provided upon
request. Notwithstanding the foregoing, claims for injunctive relief by the Company or the Company Affiliated Group under Sections 6 of this Agreement may be brought in a court of competent jurisdiction (as described below). Likewise, this
arbitration requirement shall not apply to any criminal matters or claims for unemployment or workers compensation, and shall not prevent Employee from filing a charge with the EEOC or any other government agency; provided, however,
that, unless prohibited by applicable law, any subsequent legal action shall be subject to individual arbitration as provided herein. The arbitration award shall be final and binding upon the parties and judgment may be entered thereon by any court
of competent jurisdiction. The parties hereby agree that any federal or state court sitting in the State of Florida is a court of competent jurisdiction. Employee hereby irrevocably waives any objection which she now or hereafter may have to the
laying of venue of any action or proceeding arising out of or relating to this Agreement brought in any of federal or state court sitting in the State of Florida and any objection on the ground that any such action or proceeding in any of such
courts has been brought in an inconvenient forum. Nothing in this Section 11 shall affect the right of the Company or an Affiliate of the Company to bring any action or proceeding against Employee or her property in the courts of other
jurisdictions. The service of any notice, process, motion or other document in connection with any arbitration under this Agreement, the enforcement of any arbitration award hereunder, or an action for injunctive relief as provided for in this
Section 11 may be effectuated either by personal service upon a party or by certified mail duly addressed to her, him or it or her, her or its executors, administrators, personal representatives, next of kin, successors or assigns, at the
last known address or addresses of such party or parties. Each party hereto submits to the jurisdiction and venue of the state and federal courts located in the State of Florida, for any action to compel or stay arbitration, or an action by the
Company or other member(s) of the Company Affiliated Group seeking injunctive relief under 

  
 15 

 
Section 6 of this Agreement (jurisdictional, venue and inconvenient forum objections to which are hereby waived by all parties hereto). THE PARTIES ACKNOWLEDGE AND AGREE THAT THEY ARE
WAIVING THEIR RIGHT TO A TRIAL BY JURY IN CONNECTION WITH ANY DISPUTE ARISING OUT OF THIS AGREEMENT OR RELATED TO EMPLOYEE’S EMPLOYMENT OR THE TERMINATION THEREOF. In any circumstances where members of the Company Affiliated Group have rights
as third party beneficiaries or otherwise hereunder, such members may also elect to participate in an arbitration hereunder at their own expense. 
 In the
event of any litigation or arbitration between the parties hereto with respect to this Agreement, each party shall bear her or its own costs and expenses (“Legal Costs and Expenses”) in connection with such arbitration or
litigation, including but not limited to reasonable attorneys’ fees at the arbitration, trial, and appellate court levels; provided, however, that with respect to any litigation concerning (i) a breach by Employee of
Section 6 or (ii) in the event that Employee challenges the reasonableness or enforceability of any provision of Section 6, Employee shall pay the Company’s Legal Costs and Expenses unless Employee prevails on all material issues
in such litigation as determined by a final and nonappealable decision or order, to the extent permissible under applicable law. In no event shall Employee have to pay any of the legal costs and expenses of any members of the Company Affiliated
Group which elect to participate in an arbitration or other proceeding pursuant to the last sentence of the prior paragraph. 
 (c)
Class Action Waiver. EXCEPT AS EXPRESSLY PROVIDED OTHERWISE IN THIS SECTION 11(C), ANY ARBITRATION OR COURT ACTION HEREUNDER SHALL PROCEED SOLELY ON AN INDIVIDUAL BASIS WITHOUT THE RIGHT FOR ANY CLAIMS TO BE ARBITRATED OR LITIGATED ON
A CLASS OR COLLECTIVE ACTION BASIS OR ON A BASIS INVOLVING CLAIMS BROUGHT IN A PURPORTED REPRESENTATIVE CAPACITY ON BEHALF OF OTHERS OR ANY GOVERNMENTAL BODY OR THE PUBLIC. CLASS AND COLLECTIVE ACTIONS UNDER THIS DISPUTE RESOLUTION PROVISION ARE
PROHIBITED, WHETHER IN COURT OR ARBITRATION, AND THE ARBITRATOR OR COURT, AS APPLICABLE, SHALL HAVE NO AUTHORITY TO PROCEED ON SUCH BASIS. NO DISPUTE, CONTROVERSY, CLAIM OR ACTION BROUGHT IN COURT OR ARBITRATION BY EMPLOYEE ARISING UNDER OR RELATING
TO THIS AGREEMENT OR OTHERWISE ARISING IN CONNECTION WITH OR RELATING TO EMPLOYEE’S EMPLOYMENT OR AFFILIATION WITH THE COMPANY AFFILIATED GROUP MAY BE JOINED WITH A DISPUTE, CONTROVERSY, CLAIM OR ACTION OF ANOTHER EMPLOYEE OR OTHER PERSON OR
ENTITY, ANY SUCH JOINT CLAIMS BEING WAIVED BY EMPLOYEE HEREUNDER, EXCEPT THAT THE COMPANY (OR ANY MEMBER(S) OF THE COMPANY AFFILIATED GROUP) MAY BRING CLAIMS IN ARBITRATION OR COURT TO ENFORCE THIS AGREEMENT AND RELATED TORT, STATUTORY AND OTHER
CLAIMS AGAINST EMPLOYEE AND OTHERS WHO ARE ACTING IN CONCERT OR PARTICIPATION WITH EMPLOYEE, AND IN ANY SUCH PROCEEDING EMPLOYEE MAY JOIN ANY CLAIMS OF SUCH OTHER PARTIES (BUT NO OTHERS). ANY ISSUE CONCERNING THE ENFORCEABILITY OR VALIDITY OF THIS
SECTION 11(C) AND THE WAIVER HEREIN SHALL BE DECIDED BY A COURT WITH JURISDICTION AND VENUE AS PROVIDED IN SECTION 11(B). IN CONNECTION THEREWITH, IF THERE IS A DETERMINATION BY SUCH COURT THAT THIS SECTION 11(C) IS UNENFORCEABLE, THEN ANY CLASS,
COLLECTIVE, REPRESENTATIVE OR JOINT ACTION BY THE PARTIES SHALL ONLY BE BROUGHT IN A COURT WITH JURISDICTION AND VENUE AS PROVIDED IN SECTION 11(B), AND NOT IN ARBITRATION. 

  
 16 

 12. Severability 

It is the intention of the parties hereto that any provision of this Agreement (or any portion thereof) found to be invalid or unenforceable be reformed
rather than eliminated. If any of the provisions of this Agreement, or any part hereof, is hereinafter construed to be invalid or unenforceable, the same shall not affect the remainder of such provision or the other provisions of this Agreement,
which shall be given full effect, without regard to the invalid portions. If any of the provisions of Section 6 above, or any portion thereof, is held to be unenforceable because of the duration of such provision or portions thereof, the area
covered thereby or the type of conduct restricted therein, the parties hereto agree that the court making such determination shall have the power to modify the duration, geographic area and/or, as the case may be, other terms of such provisions or
portions thereof, and, as so modified, said provisions or portions thereof shall then be enforceable. In the event that the courts of any one or more jurisdictions shall hold such provisions wholly or partially unenforceable by reason of the scope
thereof or otherwise, it is the intention of the parties hereto that such determination not bar or in any way affect the Company’s rights provided for herein in the courts of any other jurisdictions as to breaches or threatened breaches of such
provisions in such other jurisdictions, the above provisions as they relate to each jurisdiction being, for this purpose, severable into diverse and independent covenants. 

13. Severance Condition; Release 

As a condition to the obligation of the Company to make any payment or to continue any payment to Employee hereunder in connection with the termination of
Employee’s employment with the Company, (i) Employee, or Employee’s estate, as the case may be, shall be obligated to execute and not revoke a release of claims in favor of the Company and its Affiliates and parties related thereto in
the form attached hereto as Exhibit A (the “Release”), provided by the Company, no later than sixty (60) days following Employee’s termination date and (ii) Employee must be in compliance with her obligations
hereunder, including but not limited to those obligations under Section 6. The Company shall deliver the Release to Employee within five (5) days following Employee’s termination. Notwithstanding the foregoing, to the extent that such
sixty (60) day period begins in one taxable year of Employee and ends in a second taxable year of Employee, the Severance Amounts shall begin in the second taxable year and within such sixty (60) day period. Notwithstanding the foregoing,
the preceding provisions of this Section 13 shall not apply (i.e., the Company’s obligation to make payment shall not be conditioned as provided above) to the following severance payments, which, in each case, will be paid in accordance
with the payment timing terms specified in Section 4 above: (i) any unpaid accrued Base Salary pursuant to Section 3(a)(i), above, to which Employee was entitled as of the date of termination; (ii) any unpaid accrued Vacation
Payment to which Employee was entitled as of the date of termination; (iii) any unpaid accrued Incentive Bonus pursuant to Section 3(a)(ii) to which Employee was entitled as of the date of termination; and (iv) amounts due to Employee
as of the date of termination as reimbursement of expenses under Section 3(f). 
 14. Amendments and Waivers  

This Agreement cannot be changed, modified or amended, and no provision or covenant hereof may be waived, without the consent in writing of Employee and the
Board, except as otherwise provided in this Section 14. The failure of a party at any time or times to require performance of any provision or covenant hereof shall in no manner affect the right of such party at a later time to enforce the
same. No waiver by a party of the breach of any provision or covenant contained in this Agreement, whether by conduct or otherwise, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such
breach, or a waiver of the breach of any other provision or covenant contained in this Agreement. 
 15. Headings 

The headings preceding the text of the paragraphs of this Agreement have been inserted solely for convenience of reference and neither constitutes a part of
this Agreement nor affect its meaning, interpretation or effect. 

  
 17 

 16. Advice of Counsel 

Employee acknowledges that during the negotiation of this Agreement, she has retained or been advised to retain counsel of her choosing who has provided or
will provide advice to Employee in connection with her decision to enter into this Agreement. 
 17. Survivorship 

The following sections of this Agreement shall survive the expiration or termination of this Agreement and shall survive Employee’s termination of
employment from the Company for any reason: Section 4 (Termination); Section 6 (Non-Competition; Confidentiality; etc.); Section 11 (Governing Law; Dispute Resolution); Section 12
(Severability); Section 13 (Severance Condition; Release); and Section 18 (Section 409A of the Code). In addition, all sections of this Agreement that would, by their terms, survive expiration or termination of this Agreement shall so
survive such expiration and termination and shall also survive termination for any reason of Employee’s employment with the Company. 

18. Section 409A of the Code 
 It
is the intention of both the Company and Employee that the benefits and rights to which Employee could be entitled pursuant to this Agreement be exempt from, or comply with, Section 409A of the Code and the Treasury Regulations and other
guidance promulgated or issued thereunder (collectively, “Section 409A of the Code”), to the extent that the requirements of Section 409A of the Code are applicable thereto, and this Agreement shall be
construed in a manner consistent with that intention. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Employee by Section 409A of the Code or damages for failing to comply
with Section 409A of the Code. 
 In the event that Employee receives any payments under this Agreement in the form of a series of installment
payments, such payments shall be treated as a right to a series of separate payments. 
 A termination of employment will not be deemed to have occurred for
purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of
Section 409A of the Code, and for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms will mean “separation from service.” Notwithstanding
anything to the contrary in this Agreement, if Employee is deemed on the date of termination to be a “specified employee” within the meaning under Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit
that is considered deferred compensation under Section 409A of the Code payable on account of a “separation from service,” such payment or benefit will not be made or provided until the date that is the earlier of (A) the
expiration of the six-month period measured from the date of such “separation from service” of Employee, and (B) the date of the Employee’s death, to the extent required under
Section 409A of the Code. Upon the expiration of the foregoing delay period, all payments and benefits delayed pursuant to this Section 18 (whether they would have otherwise been payable in a single sum or in installments in the absence of
such delay) will be paid or reimbursed to the Employee in a lump sum, and any remaining payments and benefits due under this Agreement will be paid or provided in accordance with the normal payment dates specified for them herein. Neither the
Company nor Employee, individually or in combination, may accelerate any payment or benefit that is subject to Section 409A of the Code, except in compliance with Section 409A of the Code and this Agreement, and no amount that is subject
to Section 409A of the Code shall be paid prior to the earliest date on which it may be paid without violating Section 409A of the Code. Whenever a payment under this Agreement specifies a payment period with reference to a number of days,
the actual date of payment within the specified period is within the sole discretion of the Company. Notwithstanding any provision of this Agreement to the contrary, in no event will any payment under this Agreement that constitutes
“nonqualified deferred compensation” for purposes of Section 409A of the Code be subject to offset by any other amount unless otherwise permitted by Section 409A of the Code. 

  
 18 

 19. Employee’s Representations  

By Employee’s execution below, Employee hereby represents and warrants to the Company that Employee has received written consent and approval from
Employee’s prior employer (the “Waiver”) (which Employee has provided to the Company as of the date hereof) to enter into this Agreement and perform Employee’s duties hereunder. Accordingly, Employee is not party to any
such contract, agreement or other arrangement that contains any restriction that has not been waived and will affect the performance of Employee’s duties to the Company. Due to the Waiver, the execution, delivery and performance of this
Agreement and provision of the services contemplated hereunder by Employee do not and shall not conflict with, breach, violate or cause a default under any contract, agreement (including any non-competition, non-solicitation or confidentiality agreement), instrument, duty, obligation, law, regulation, order, judgment or decree to which Employee is a party or by which Employee is bound. Employee’s negotiations with
the Company has not interfered with Employee’s duties as an employee, partner or member of another entity. Employee has not, and will not, solicit or encourage any employee of another entity to leave such entity’s employment in violation
of (A) any agreement between such entity and Employee or (B) any duty owed by Employee to such entity. Employee has not, and will not, use, retain or disclose to the Company or any Company Affiliated Group or employee any confidential
information of another entity. 
 [signatures on next page] 

  
 19 

 IN WITNESS WHEREOF, the parties have executed these presents as of the day and year first
above written. 
  

					
		 		  	OneSpaWorld Holdings Limited
			
	 /s/ Susan Bonner
	 	                    	  	By: /s/ Leonard Fluxman
			
	Susan Bonner	 		  	Name: Leonard Fluxman
			
		 		  	Title: Executive Chairman

 Exhibit A 

RELEASE OF CLAIMS 

1. Consistent with Section 13 of the Employment and Severance Agreement dated October 13, 2020 (the “Employment
Agreement”) by and between me, Susan Bonner, and OneSpaWorld Holdings Limited (the “Company”), and in consideration for and as a condition of my receipt of certain severance payments and benefits pursuant to the Employment
Agreement, I, for myself, my attorneys, issue, heirs, representatives, agents, executors, administrators, successors, and assigns, do hereby unconditionally, fully and forever release and discharge the Company, its affiliated companies, parents,
subsidiaries, divisions, successors and assigns, and their respective current or former members, managers, directors, officers, partners, agents, employees, attorneys, equity holders, and administrators, successors and assigns (together with the
Company, the “Released Parties”), from any and all lawsuits, complaints, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights, claims, demands, costs, losses, debts,
expenses (including attorneys’ fees and costs actually incurred and entitlements of any nature whatsoever, in law or in equity, whether known, unknown, or unforeseen, which I have or may have against any of the Released Parties, including but
not limited to any claims arising out of or in connection with: (1) my employment with the Company; (2) my separation from employment with the Company; any claims for unpaid wages, back pay, bonuses, incentive pay, vacation pay, legal
fees, severance or other compensation; (3) any claims arising under any contracts, express or implied, including but not limited to the Employment Agreement, any other agreement between me and the Company, and/or any covenant of good faith and
fair dealing, express or implied; (4) any event, transaction, or matter occurring or existing on or before the date of my signing of this Release of Claims; and (5) and any legally waivable federal, state, local, or other governmental
common law, statute, regulation, or ordinance, as provided in Section 2 below. I agree not to file or otherwise institute any claim, demand or lawsuit seeking damages or other relief and not to otherwise assert any claims or demands that are
lawfully released herein, except in the event that the Company breaches this Release of Claims or where I challenge the validity of this Release of Claims under the Older Workers Benefit Protection Act. I further hereby irrevocably and
unconditionally waive any and all rights to recover any relief or damages concerning the lawsuits, claims, demands, or actions that are lawfully released herein. I represent and warrant that, to the fullest extent permissible by law, I have not
previously filed, caused to be filed or joined in any such lawsuits, claims, demands, or actions against any of the Released Parties with respect to the matters described above, and that I will indemnify and hold them harmless from all liabilities,
claims, demands, costs, expenses and/or attorneys’ fees incurred by them as a result of any such lawsuits, claims, demands, or actions. In the event such claims, complaints, actions, or charges do exist, then to the fullest extent permitted by
law, I agree to withdraw and dismiss them with prejudice. I also agree, to the fullest extent permitted by law, not to participate, cooperate or assist in any manner, whether as a witness, expert, consultant or otherwise, in any lawsuit, complaint,
charge or other proceeding involving any of the Released Parties unless compelled by subpoena or court order. I acknowledge and agree that the Released Parties are intended to be third-party beneficiaries of this Release of Claims and that the terms
and conditions of this Release of Claims may be enforced by any such Released Party in accordance with the terms hereof. 
 2. This Release
of Claims is intended to have the broadest possible application and specifically includes, but is not limited to, all claims of breach of contract, employment discrimination (including any claims coming within the scope of Title VII of the Civil
Rights Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Equal Pay Act, the Americans with Disabilities Act, and the Family and Medical Leave Act, the anti-retaliation provisions of the Sarbanes Oxley Act,
the Genetic Information Nondiscrimination Act, the Worker Adjustment Retraining and Notification (“WARN”) and any state WARN statutes, the National Labor Relations Act, the Florida Civil Rights Act, the Florida Whistleblower
Protection Act, the Florida Workers’ Compensation Law Retaliation provision, the Florida Wage Discrimination Law, the Florida Minimum Wage Act, the Florida Equal Pay Law, all as amended, or any other applicable federal, state, or local law),
claims under the Employee 

 
Retirement Income Security Act, as amended, claims under the Fair Labor Standards Act, as amended (or any other applicable federal, state or local statute relating to payment of wages), claims
concerning recruitment, hiring, termination, salary rate, severance pay, equity, equity-based incentives, stock options, benefits due, sick leave, vacation pay, life insurance, group medical insurance, any other fringe benefits, libel, slander,
defamation, intentional or negligent misrepresentation and/or infliction of emotional distress, together with any and all tort or other claims which might have been asserted by me or on my behalf in any lawsuit, charge of discrimination, demand, or
claim against any of the persons or entities released herein. 
 I acknowledge that I may discover facts or law different from, or in
addition to, the facts or law that I know or believe to be true with respect to the claims released in this Release of Claims and agree, nonetheless, that this Release of Claims and the release contained in it shall be and remain effective in all
respects notwithstanding such different or additional facts or the discovery of them. 
 For the avoidance of doubt, nothing contained
herein shall serve to waive any: (a) claims or rights that, pursuant to law, that cannot be legally waived or subject to a release of this kind, such as claims for unemployment or workers’ compensation benefits; (b) rights to vested
benefits under any applicable retirement plans as of my last day of employment with the Company; and/or (c) claims arising under or to enforce the terms of this Release of Claims. Moreover, nothing herein shall be construed to prohibit me from
filing a charge with, or participating in any investigation or proceeding conducted by, the Equal Employment Opportunity Commission or a comparable administrative, state or local agency (“EEOC”); provided, however,
that I agree and covenant, to the fullest extent permitted by applicable law, to waive my right to recover monetary damages or other personal recovery in any such EEOC and/or administrative charge, complaint, or lawsuit filed by me or by any other
person, organization, or other entity on my behalf with respect to the claims lawfully released by this Release of Claims; provided, further, that nothing in this Release of Claims shall prohibit me from receiving any monetary award to which I
become entitled pursuant to Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 
 3. I acknowledge and affirm
that I have been paid and/or have received all leave (paid or unpaid), compensation, wages, bonuses, commissions, and/or benefits to which I may be entitled and that no other leave (paid or unpaid), compensation, wages, bonuses, commissions and/or
benefits are due to me. I further acknowledge and affirm that I have no known workplace injuries or occupational diseases and has been provided and/or has not been denied any leave requested under the Family and Medical Leave Act. 

4. I hereby represent, warrant and covenant that at no time prior to or contemporaneous with my execution of this Release of Claims have I
knowingly engaged in any wrongful conduct against, on behalf of or as the representative or agent of the Company or any of its Affiliates, or otherwise engaged in any conduct or activity in violation of any applicable US or non-US laws, rules or regulations, including without limitation any rules or regulations of the Securities and Exchange Commission, FINRA, or any state, or any other applicable US or
non-US regulatory or self-regulatory agency, body or organization of which the Company is a member or to whose jurisdiction or authority I or the Company are otherwise subject. I further hereby represent,
warrant and covenant that I am not aware of any actions or omissions by any current or former officer, director, employee, agent, attorney, consultant or representative of the Company (including myself) or any of its Affiliates through the date of
the execution of this Release of Claims that were (individually or collectively) in any way knowingly or intentionally harmful or detrimental to the Company or any of its Affiliates, the Company’s business and/or its shareholders, including,
without limitation, violations of any laws, regulations or accounting policies or principles, the taking of unreasonable tax positions, or the furnishing of inaccurate statements, invoices or other reports to any person or entity. 

 5. I agree that I will not make any voluntary statements, written or oral, or cause or
encourage others to make any such statements that defame, disparage or in any way criticize the personal and/or business reputations, practices or conduct of the Company or any of the other Released Parties; provided, however, that
nothing in this Release of Claims is intended to: (a) preclude me from making any truthful statement to the extent required by law or by any court, arbitrator, mediator or administrative or legislative body (including any committee thereof)
with actual or apparent jurisdiction to order such person to disclose or make accessible such information; (b) prohibit me from speaking candidly and factually to any regulatory organization, authority, or agency; or (c) unlawfully impair
or interfere with my rights under Section 7 of the National Labor Relations Act. As of Employee’s termination date, the Company shall direct its officers and directors not to make any disparaging or defamatory statements regarding
Employee. 
 6. I acknowledge and agree that my covenants and obligations, as set forth in Section 6 of this Release of Claims and
Section 6 of the Employment Agreement, are continuing, are material to this Release of Claims, and relate to special, unique and extraordinary matters and that any violation of such covenants and obligations will cause the Company irreparable
injury for which adequate remedies are not available at law. Therefore, I further acknowledge and agree that, in the event of any such violation, the Company shall be entitled to pursue an injunction, restraining order or such other equitable
relief, without requirement to post bond, enforcing such covenants and obligations. Such remedies are cumulative and in addition to any other rights and remedies and claims for damages that the Company may have at law or in equity, including but not
limited to those set forth in Section 6 of the Employment Agreement. 
 7. I acknowledge and affirm that I have returned any and all
Company property, including without limitation, all computers, electronic storage devices, removable media, and related equipment, furniture, printers, cables, correspondence, drawings, blueprints, manuals, letters, notes, notebooks, financial
records, reports, flowcharts, programs, proposals and any other documents concerning the Company’s business, including, without limitation, its customers or suppliers or concerning its products, services or processes and all other documents or
materials containing or constituting Confidential Information (as defined in the Employment Agreement) and any and all copies, duplicates, reproductions, synopses, and/or excerpts thereof (collectively, “Company Property”). I shall
disclose to the Company all passwords and passcodes deemed necessary or desirable by the Company in my knowledge and/or possession relating to the business of the Company Affiliated Group or the Confidential Information. If I have used any non-Company computer, electronic device, server, storage drive or e-mail system to receive, store, review, prepare or transmit any Confidential Information, I shall provide
the Company with a useable copy of such information and then permanently delete and expunge such information. If I later discover in my custody, possession or control any additional Company Property, I agree to return it to the Company promptly
after its discovery. 
 8. I acknowledge and agree that I have received all leaves (paid and unpaid) to which I have been entitled during my
employment with the Company or any other Released Party and I have received all wages, bonuses and other compensation, been provided all benefits and been afforded all rights and been paid all sums I am owed or have been owed by the Company or any
other Released Party, including, without limitation, all payments arising out of all incentive plans and other compensation or bonus arrangements. 

9. Except for claims for injunctive relief described in Section 6 above, the parties agree that the resolution of any matter in any way
arising out of, relating to, or connected with this Release of Claims, the Employment Agreement, or my employment by the Company (or the termination thereof) shall be submitted to confidential, mandatory, binding arbitration administered by the
American Arbitration Association (“AAA”) pursuant to the Federal Arbitration Act and the AAA’s Employment Arbitration Rules & Procedures then in effect, with proceedings to be held in Miami, Florida (or such other
location as the parties may otherwise agree in writing). THE PARTIES AGREE THAT THE U.S. FEDERAL ARBITRATION ACT GOVERNS THE INTERPRETATION AND ENFORCEMENT OF THIS PROVISION, AND EACH PARTY WAIVES THE RIGHT TO A TRIAL BY JURY. ANY
ARBITRATION HEREUNDER SHALL PROCEED SOLELY ON AN INDIVIDUAL BASIS  

 
WITHOUT THE RIGHT FOR ANY CLAIMS TO BE ARBITRATED ON A CLASS ACTION BASIS OR ON A BASIS INVOLVING CLAIMS BROUGHT IN A PURPORTED REPRESENTATIVE CAPACITY ON BEHALF OF OTHERS. NO DISPUTE OR
CONTROVERSY MAY BE JOINED WITH ANOTHER AND CLASS AND COLLECTIVE ACTIONS UNDER THIS ARBITRATION PROVISION ARE PROHIBITED, AND THE ARBITRATOR SHALL HAVE NOT AUTHORITY TO PROCEED ON SUCH BASIS. Judgment on any arbitration award may be entered in
any court having jurisdiction. The parties hereby submit to the jurisdiction of the state and federal courts located in Miami-Dade County, Florida (and waive the defenses of lack of jurisdiction or inconvenient forum to the maintenance of any such
action or proceeding in such venue) for any action to compel arbitration, or for proceedings to obtain injunctive relief for a breach or threatened breach of Section 5 of this Release of Claims or Section 6 of the Employment Agreement.
Nothing in this paragraph shall affect the right of the Company or any of its Affiliates to bring any action or proceeding against Employee or her property in the courts of other jurisdictions. 

10. Nothing in this Release of Claims shall be construed as an admission or concession by the Company of any liability, unlawful conduct, or
wrongdoing. I may not assign any rights or benefits due or owing under this Release of Claims unless the Company agrees to such assignment in writing. I hereby represent and warrant to the Company that I have not made any assignment or transfer of
any right or claim or other matter covered by Section 1 above. This Release of Claims shall be binding upon my personal representatives, heirs, and permitted assigns. This Release of Claims may be assigned by the Company and shall inure to the
benefit of and be enforceable by any of its successors and assigns. This Release of Claims, together with the post-employment and post-termination obligations in the Employment Agreement, contains the complete, full, and exclusive understanding of
myself and the Company and supersedes any and all other oral or written agreements between us. Any amendments to this Release of Claims shall be effective and binding only if any such amendments are in writing and signed by the party against which
it is to be enforced. 
 11. I specifically acknowledge and agree that: 

(a) I have read and understand this Release of Claims and sign it voluntarily and without coercion; 

(b) I understand all of the terms and conditions of this Release of Claims and I know that I am giving up important rights,
including without limitation, rights under the Age Discrimination in Employment Act of 1967, as amended, Title VII of the Civil Rights Act of 1965, as amended, the Equal Pay Act of 1963, the Americans with Disabilities Act of 1990, and the Employee
Retirement Income Security Act of 1974, as amended; 
 (c) I have been given an opportunity of [forty-five (45)] / [twenty-one (21)] days to consider this Release of Claims; 
 (d) I have been encouraged by
the Company to discuss fully the terms of this Release of Claims with legal counsel of my own choosing; and 
 (e) for a
period of seven (7) days following my signing of this Release of Claims, I shall have the right to revoke the waiver of claims arising under the Age Discrimination in Employment Act. 

 12. If I elect to revoke this Release of Claims within this
seven-day period, I must inform the Company by delivering a written notice of revocation to OneSpaWorld Holdings Limited, Attn: General Counsel, c/o OneSpaWorld, 770 S. Dixie Highway, Suite 200, Coral Gables,
FL 33146 no later than 11:59 p.m. on the seventh calendar day after I sign this Release of Claims. I understand that, if I elect to exercise this revocation right, this Release of Claims shall be voided in its entirety at the election of the Company
and the Company shall be relieved of all obligations to provide the severance or compensation payments and benefits which are contingent on the execution of this Release of Claims. I may, if I wish, elect to sign this Release of Claims prior to the
expiration of the [forty five (45)] / [twenty one- (21)]-day consideration period, and I agree that if I elect to do so, my election is made freely and voluntarily and
after having an opportunity to consult counsel. 
 13. It is the desire and intent of the parties that the provisions of this Release of
Claims shall be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If an arbitrator or court of competent jurisdiction should determine any one or more of the
provisions contained in this Release of Claims shall be held to be excessively broad as to duration, scope, activity or subject, such provisions shall be construed by limiting or reducing them so as to be enforceable to the maximum extent compatible
with applicable law. In the event that any one or more of the provisions of this Release of Claims shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby. 
 14. No waiver by either party of any breach by the other party of any condition or provision of this Release
of Claims to be performed by such other party shall be deemed a waiver of any other provision or condition at the time or at any prior or subsequent time. 

15. This Release of Claims and the provisions contained in it shall not be construed or interpreted for or against either party because that
party drafted or caused that party’s legal representative to draft any of its provisions. 
 16. This Release of Claims may be pled as a
full and complete defense to, and may be used as a basis for an injunction against, any action, suit or other proceeding that may be prosecuted, instituted or attempted by myself in breach hereof. 

17. The validity, interpretation and performance of this Release of Claims shall be construed and interpreted according to the laws of the
United States of America and the State of Florida, without regard to conflicts of laws principles. 
 18. This Release of Claims may be
executed in counterparts, each of which shall be deemed an original, and all counterparts so executed shall constitute one agreement binding on all of the parties hereto, notwithstanding that all of the parties are not signatory to the same
counterpart. This Release of Claims may be executed either by original, PDF, or facsimile, any of which will be equally binding. 
 THE PARTIES TO THIS
RELEASE OF CLAIMS HAVE READ THE FOREGOING RELEASE OF CLAIMS AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS RELEASE OF CLAIMS ON THE DATES SHOWN BELOW. 

	
	 AGREED:
                                         
         
  

Susan
Bonner                            Date:

 
 ACCEPTED:

	  
  

	 OneSpaWorld Holdings Limited

	
	 By:

	
	
Name/Title:                 
           Date:EX-10.2

 Exhibit 10.2 

DATTO HOLDING CORP. 
  

 
 OMNIBUS
INCENTIVE PLAN 
  
  

ARTICLE I 
 PURPOSE;
EFFECTIVE DATE; TERM 
  

	1.1	 Purpose. The purpose of this Datto Holding Corp. Omnibus Incentive Plan is to enhance the
profitability and value of the Company for the benefit of its Stockholders by enabling the Company to offer Eligible Individuals stock- and cash-based incentives in order to attract, retain, and reward such
individuals and strengthen the mutuality of interests between such individuals and the Stockholders. 

  

	1.2	 Effective Date. The Plan became effective on October 13, 2020 (the
“Effective Date”), which is the date of its adoption by the Board, subject to the approval of the Plan by the Stockholders in accordance with Applicable Law. 

 

	1.3	 Term. No Award may be granted on or after the 10th anniversary of the earlier of the
Effective Date or the date of Stockholder approval of the Plan, but Awards granted before such 10th anniversary may extend beyond that date. 

ARTICLE II 
 DEFINITIONS

 For purposes of the Plan, the following terms will have the following meanings: 

 

	2.1	 “Affiliate” means each of the following: (a) any Subsidiary;
(b) any Parent; (c) any corporation, trade, or business that is directly or indirectly controlled 50% or more (whether by ownership of stock, assets, or an equivalent ownership interest or voting interest) by the Company or any Affiliate;
(d) any trade or business that directly or indirectly controls 50% or more (whether by ownership of stock, assets, or an equivalent ownership interest or voting interest) of the Company; and (e) any other entity in which the Company or any
Affiliate has a material equity interest and that is designated as an “Affiliate” by resolution of the Committee; provided, however, that “Affiliate” will not include other portfolio companies of any fund controlled
by Vista Equity Partners or any of its affiliates that are not Parents or Subsidiaries. 

  

	2.2	 “Applicable Law” means the requirements related to or implicated by the
administration or operation of the Plan under United States federal and applicable state laws (including corporate, securities, tax, and employment laws, and the Code), any stock exchange or quotation system on which the Shares are listed or quoted,
and the applicable laws of any foreign country or jurisdiction where Awards are granted. 

	2.3	 “Award” means any award granted under the Plan of any Stock Option, Stock
Appreciation Right, Restricted Shares, Performance Award, Other Share-Based Award, or Other Cash-Based Award. All Awards will be granted by, confirmed by, and subject to the terms and conditions of, a written Award Agreement executed by the Company
and the Participant. 

  

	2.4	 “Award Agreement” means the written or electronic agreement setting forth
the terms and conditions applicable to an Award. 

  

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

  

	2.6	 “Business Combination” has the meaning set forth in
Section 11.2(c). 

  

	2.7	 “Cause” means, as determined by the Company, unless otherwise determined
by the Committee in the applicable Award Agreement, with respect to an Eligible Employee’s or Consultant’s Separation from Service, the following: (a) in the case where there is no employment agreement, consulting agreement, change in
control agreement, or similar agreement in effect between the Company or an Affiliate and the Participant at the time of the grant of the Award (or where there is such an agreement but it does not define “cause” (or words of like import)),
a Participant’s insubordination, material dishonesty, fraud, moral turpitude, willful misconduct, refusal to perform the Participant’s duties or responsibilities (for any reason other than illness or incapacity), repeated or
material violation of any employment policy, or violation or breach of any confidentiality agreement, work product agreement, or other agreement between the Participant and the Company; or (b) in the case where there is an employment agreement,
consulting agreement, change in control agreement, or similar agreement in effect between the Company or an Affiliate and the Participant at the time of the grant of the Award that defines “cause” (or words of like import),
“cause” as defined under such agreement. Notwithstanding any foregoing term or condition of this definition of Cause, with respect to a Non-Employee Director,
“Cause” means an act or failure to act that constitutes cause for removal of a director under applicable Delaware law. 

  

	2.8	 “Change in Control” has the meaning set forth in
Section 11.2. 

  

	2.9	 “Change in Control Price” has the meaning set forth in
Section 11.1. 

  

	2.10	 “Code” means the Internal Revenue Code of 1986. 

 

	2.11	 “Committee” means any committee of the Board duly authorized by the Board
to administer the Plan. If no committee is duly authorized by the Board to administer the Plan, “Committee” will be deemed to refer to the Board for all purposes under the Plan. 

 

	2.12	 “Common Stock” means the shares of common stock, $0.001 par value per
share, of the Company. Unless otherwise determined by the Committee, the Common Stock subject to any Award must constitute “service recipient stock” under Section 409A (or otherwise not subject the Award to Section 409A).

  

	2.13	 “Company” means Datto Holding Corp., a Delaware corporation, and its
successors by operation of law. 

  
 2 

	2.14	 “Consultant” means an advisor or consultant to the Company or an
Affiliate. 

  

	2.15	 “Detrimental Conduct” means, as reasonably determined by the Company, the
Participant’s engaging in any of the following behaviors, provided that such behavior causes or would be reasonably expected to cause material harm to the Company or an Affiliate: (a) any violation by the Participant of a
restrictive covenant agreement that the Participant has entered into with the Company or an Affiliate (covering, for example, confidentiality, non-competition,
non-solicitation, non-disparagement, etc.); (b) the commission of a criminal act by the Participant while employed by or providing services to the Company or an
Affiliate, whether or not performed in the workplace, that subjects, or if generally known would subject, the Company or an Affiliate to public ridicule or embarrassment, or other improper or intentional conduct by the Participant while employed by
or providing services to the Company or an Affiliate causing reputational harm to the Company or an Affiliate; (c) the Participant’s breach of a fiduciary duty owed to the Company or an Affiliate or a client or former client of the Company
or an Affiliate; (d) the Participant’s intentional violation, or grossly negligent disregard, of the Company’s or an Affiliate’s policies, rules, or procedures; or (e) the Participant taking or maintaining trading positions
that result in a need to restate financial results in a subsequent reporting period or that result in a significant financial loss to the Company or an Affiliate. 

 

	2.16	 “Disability” means, unless otherwise determined by the Committee in the
applicable Award Agreement, with respect to a Participant’s Separation from Service, a permanent and total disability as defined in Code Section 22(e)(3). A Disability will only be deemed to occur at the time of the determination by the
Committee of the Disability; provided, however, that, for Awards that are subject to Section 409A, Disability means that a Participant is disabled under Section 409A. 

 

	2.17	 “Effective Date” has the meaning set forth in
Section 1.2. 

  

	2.18	 “Eligible Employee” means each employee of the Company or an Affiliate.

  

	2.19	 “Eligible Individual” means each Eligible Employee, Non-Employee Director, or Consultant who is designated by the Committee as eligible to receive an Award. 

  

	2.20	 “Exchange Act” means the Securities Exchange Act of 1934.

  

	2.21	 “Fair Market Value” means, as of any date and except as provided below,
the last sales price reported for the Common Stock on the applicable date as reported on the principal stock exchange in the United States on which the Common Stock is then listed, or if the Common Stock is not listed, or otherwise reported or
quoted, the Committee will determine the Fair Market Value taking into account the requirements of Section 409A. For purposes of the grant of any Award, the applicable date will be the trading day immediately before the date on which the Award
is granted. For purposes of any Award granted in connection with the Registration Date, the Fair Market Value will be the public offering price in the initial public offering as set forth on the cover of the final prospectus. For purposes of the
purchase of any Award, the applicable date will be the date a notice of purchase is received by the Company or, if not a day on which the applicable market is open, the next day that

  
 3 

	 	
it is open. Notwithstanding the foregoing, the Committee may use any alternative definition of Fair Market Value that it determines should be used in connection with the grant, exercise, vesting,
settlement, or payment of any Award. Such alternative definition may include a price that is based on the opening, actual, high, low, or average selling prices of the Common Stock on the applicable stock exchange on the given date, the trading day
preceding the given date, the trading day next succeeding the given date, or an average of trading days. 

  

	2.22	 “Family Member” of a Participant means the Participant’s child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the
Participant’s household (other than a tenant or employee), a trust in which these persons have more than 50% of the beneficial interest, a foundation in which these persons (or the Participant) control the management of assets, and any other
entity in which these persons (or the Participant) own more than 50% of the voting interests. 

  

	2.23	 “GAAP” means generally accepted accounting principles.

  

	2.24	 “Incentive Stock Option” or “ISO”
means any Stock Option awarded to an Eligible Employee of the Company, its Subsidiaries, or any Parent intended to be, qualifying, and designated as an “incentive stock option” within the meaning of Code Section 422.

  

	2.25	 “Incumbent Directors” has the meaning set forth in
Section 11.2(b). 

  

	2.26	 “Lead Underwriter” has the meaning set forth in
Section 13.21. 

  

	2.27	 “Lock-Up Period” has the meaning
set forth in Section 13.21. 

  

	2.28	 “Non-Employee Director” means a
member of the Board or the board of directors of an Affiliate who is not an active employee of the Company or an Affiliate. 

  

	2.29	 “Nonstatutory Stock Option” means any Stock Option that is not an ISO.

  

	2.30	 “Other Cash-Based Award” means an award granted to an Eligible Individual
under Section 10.3 that is payable in cash at the time or times and subject to the terms and conditions determined by the Committee. 

 

	2.31	 “Other Share-Based Award” means an award granted to an Eligible
Individual under Article X that is valued in whole or in part by reference to, or is payable in or otherwise based on, Common Stock, including an award valued by reference to an Affiliate. Other Share-Based Awards may include restricted stock
units. 

  

	2.32	 “Parent” means any parent corporation of the Company within the meaning
of Code Section 424(e). 

  

	2.33	 “Participant” means an Eligible Individual who has been granted, and
holds, an Award. 

  
 4 

	2.34	 “Performance Award” means an award granted to an Eligible Individual
under Article IX contingent upon achieving specified Performance Goals. 

  

	2.35	 “Performance Goals” means goals established by the Committee as
contingencies for Awards to vest or become exercisable or distributable, which may be based on business objectives or other measures of performance as the Committee, in its discretion, deems appropriate. Performance Goals may differ among Awards
granted to any one Participant or to different Participants. The Committee may also designate additional business objectives on which the Performance Goals may be based and adjust, modify, or amend the aforementioned business objectives.

  

	2.36	 “Performance Period” means the designated period during which Performance
Goals must be satisfied with respect to a Performance Award. 

  

	2.37	 “Person” means an individual, a partnership, a corporation, a limited
liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, or a government or any branch, department, agency, political subdivision, or official thereof. 

 

	2.38	 “Plan” means this Datto Holding Corp. Omnibus Incentive Plan.

  

	2.39	 “Proceeding” has the meaning set forth in
Section 13.10. 

  

	2.40	 “Registration Date” means the date on which the Company consummates the
initial sale of its Common Stock in a bona fide, firm commitment underwriting pursuant to a registration statement under the Securities Act. 

  

	2.41	 “Restricted Shares” means restricted Shares granted to an Eligible
Individual under Article VIII. 

  

	2.42	 “Restriction Period” has the meaning set forth in
Section 8.3(a). 

  

	2.43	 “Rule 16b-3” means Rule 16b-3 under Section 16(b) of the Exchange Act. 

  

	2.44	 “Section 409A” means Code
Section 409A. 

  

	2.45	 “Securities Act” means the Securities Act of 1933. 

 

	2.46	 “Separation from Service” means, unless otherwise determined by the
Committee or the Company, the termination of the applicable Participant’s employment with, and performance of services for, the Company and all Affiliates, including by reason of the fact that the Participant’s employer or other service
recipient ceases to be an Affiliate of the Company. Unless otherwise determined by the Company, if a Participant’s employment or service with the Company or an Affiliate terminates but the Participant continues to provide services to the
Company or an Affiliate in a Non-Employee Director capacity or as an Eligible Employee or Consultant, as applicable, such change in status will not be considered a Separation from Service. Approved temporary
absences from employment because of illness, vacation, or leave of absence and transfers among the Company and its 

  
 5 

	 	
Affiliates will not be considered Separations from Service. Notwithstanding the foregoing definition of Separation from Service, with respect to any Award that constitutes nonqualified deferred
compensation under Section 409A, “Separation from Service” means a “separation from service” as defined under Section 409A. 

  

	2.47	 “Share” means a share of Common Stock. 

 

	2.48	 “Share Reserve” has the meaning set forth in
Section 4.1. 

  

	2.49	 “Stock Appreciation Right” means a right granted to an Eligible
Individual under Article VII to receive an amount in cash or Shares equal to the difference between (a) the Fair Market Value of a Share on the date such right is exercised and (b) the per Share exercise price of such right.

  

	2.50	 “Stock Option” means an option to purchase Shares granted to an Eligible
Individual under Article VI. 

  

	2.51	 “Stockholder” means a stockholder of the Company. 

 

	2.52	 “Subsidiary” means any subsidiary corporation of the Company within the
meaning of Code Section 424(f). 

  

	2.53	 “Substitute Award” has the meaning set forth in
Section 4.1. 

  

	2.54	 “Ten Percent Stockholder” means a Person owning stock possessing more
than 10% of the total combined voting power of all classes of stock of the Company, its Subsidiaries, or any Parent. 

  

	2.55	 “Transfer” means (a) when used as a noun, any direct or indirect
transfer, sale, assignment, pledge, hypothecation, encumbrance, or other disposition, whether for value or no value and whether voluntary or involuntary, and (b) when used as a verb, to directly or indirectly transfer, sell, assign, pledge,
encumber, charge, hypothecate, or otherwise dispose of, whether for value or for no value and whether voluntarily or involuntarily. “Transferred” and “Transferable” have a correlative meaning under the Plan.

 ARTICLE III 

ADMINISTRATION 
  

	3.1	 Committee. The Plan will be administered and interpreted by the Committee; provided
that the Board will retain the right to exercise the authority of the Committee to the extent consistent with Applicable Law. To the extent required by Applicable Law, it is intended that each member of the Committee will qualify as (a) a “non-employee director” under Rule 16b-3 and (b) an “independent director” under the rules of the principal stock exchange in the United States on
which the Common Stock is then listed, as applicable. If it is later determined that one or more members of the Committee do not so qualify, actions taken by the Committee before such determination will be valid despite such failure to qualify.

  
 6 

	3.2	 Grants of Awards. The Committee will have full authority to grant, under the terms and
conditions of the Plan, to Eligible Individuals: (i) Stock Options, (ii) Stock Appreciation Rights, (iii) Restricted Shares, (iv) Performance Awards, (v) Other Share-Based Awards, and (vi) Other Cash-Based Awards. In
particular, the Committee will have the authority: 

  

	 	(a)	 to select the Eligible Individuals to whom Awards may be granted; 

 

	 	(b)	 to determine whether and to what extent Awards, or any combination thereof, are to be granted to one or more
Eligible Individuals; 

  

	 	(c)	 to determine the number of Shares to be covered by each Award; 

 

	 	(d)	 to determine the terms and conditions, not inconsistent with the terms and conditions of the Plan, of all
Awards; 

  

	 	(e)	 to determine the amount of cash to be covered by each Award; 

 

	 	(f)	 to determine whether, to what extent, and under what circumstances grants of Stock Options and other Awards are
to operate on a tandem basis or in conjunction with or apart from other awards made by the Company outside of the Plan; 

  

	 	(g)	 to determine whether and under what circumstances a Stock Option may be settled in cash, Common Stock, or
Restricted Shares under Section 6.4(d); 

  

	 	(h)	 to determine whether a Stock Option is an ISO or Nonstatutory Stock Option; 

 

	 	(i)	 to impose a “blackout” period during which Stock Options may not be exercised; 

 

	 	(j)	 to determine whether to require a Participant, as a condition of the granting of any Award, to not sell or
otherwise dispose of Shares acquired upon the exercise of an Award for a period of time as determined by the Committee after the date of the acquisition of such Award; 

 

	 	(k)	 to modify, extend, or renew an Award, subject to Section 6.4(l) and
Article XII; and 

  

	 	(l)	 solely to the extent permitted by Applicable Law, to determine whether, to what extent, and under what
circumstances to provide loans (which may be on a recourse basis and bear interest at the rate the Committee may determine) to Participants in order to exercise Stock Options. 

 

	3.3	 Guidelines. Subject to Article XII, the Committee will have the authority to adopt,
alter, and repeal such administrative rules, guidelines, and practices governing the Plan and perform all acts, including the delegation of its responsibilities (to the extent permitted by Applicable Law and not inconsistent with the Plan), as it
may deem advisable; to construe and interpret the Plan, all Awards, and all Award Agreements (and in each case any agreements relating thereto); and to otherwise supervise the administration of the Plan. The Committee may correct any defect, supply
any omission, or reconcile any inconsistency in 

  
 7 

	 	
the Plan or in any agreement relating thereto in the manner and to the extent it deems necessary to effectuate the purpose and intent of the Plan. The Committee may adopt special terms and
conditions for Persons who are residing in, or employed in, or subject to the taxes of, any domestic or foreign jurisdictions to comply with Applicable Law. Notwithstanding the foregoing terms and conditions of this
Section 3.3, no action of the Committee under this Section 3.3 may materially impair the rights of any Participant under the Plan or any Award without the Participant’s consent. To the extent
applicable, the Plan is intended to comply with the applicable requirements of Rule 16b-3, and the Plan will be limited, construed, and interpreted in a manner so as to comply therewith. 

 

	3.4	 Sole Discretion; Decisions Final. Any decision, interpretation, or other action made or
taken by or at the direction of the Company, the Board, or the Committee (or any of their members) arising out of or in connection with the Plan will be within the sole and absolute discretion of all and each of them, as the case may be, and will be
final, binding, and conclusive on the Company and all employees and Participants and their respective heirs, executors, administrators, successors, and assigns and all other Persons having an interest in the Plan. 

 

	3.5	 Designation of Consultants/Liability; Delegation of Authority. 

 

	 	(a)	 The Committee may designate employees of the Company and professional advisors to assist the Committee in the
administration of the Plan and may grant authority to officers to grant Awards and execute agreements and other documents on behalf of the Committee, in each case to the extent permitted by Applicable Law. In the event of any designation of
authority hereunder, subject to Applicable Law and any terms and conditions imposed by the Committee in connection with such designation, such designee or designees will have the power and authority to take such actions, exercise such powers, and
make such determinations that are otherwise specifically designated to the Committee hereunder. 

  

	 	(b)	 The Committee may employ such legal counsel, consultants, and agents as it may deem desirable for the
administration of the Plan and may rely upon any opinion received from any such counsel or consultant and any computation received from any such consultant or agent. Expenses incurred by the Committee or the Board in the engagement of any such
counsel, consultant, or agent will be paid by the Company. The Committee, its members, and any Person designated under Section 3.5(a) will not be liable for any action or determination made in good faith with respect to the
Plan. To the maximum extent permitted by Applicable Law, no officer of the Company or member or former member of the Committee or of the Board will be liable for any action or determination made in good faith with respect to the Plan or any Award.

  

	 	(c)	 The Committee may delegate any or all of its powers and duties under the Plan to a subcommittee of directors or
to any officer of the Company, including the power to perform administrative functions and grant Awards, provided that such delegation does not (i) violate Applicable Law, or (ii) result in the loss of an exemption under Rule 16b-3(d)(1) for Awards granted to Participants subject to 

  
 8 

	 	
Section 16 of the Exchange Act in respect of the Company. Upon any such delegation, all references in the Plan to the “Committee,” shall be deemed to include any subcommittee or
officer of the Company to whom such powers have been delegated by the Committee. Any such delegation shall not limit the right of such subcommittee members or such an officer to receive Awards. The Committee may also appoint agents who are not
executive officers of the Company or members of the Board to assist in administering the Plan, provided, however, that such individuals may not be delegated the authority to grant or modify any Awards that will, or may, be settled in
Shares. 

  

	3.6	 Indemnification. To the maximum extent permitted by Applicable Law and the Certificate of
Incorporation and By-Laws of the Company and to the extent not covered by insurance directly insuring such Person, each officer and employee of the Company and each Affiliate and member or former member of the
Committee and the Board will be indemnified and held harmless by the Company against all costs and expenses and liabilities, and advanced amounts necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising out of
any act or omission to act in connection with the administration of the Plan, except to the extent arising out of such officer’s, employee’s, member’s, or former member’s own fraud or bad faith. Such indemnification will be in
addition to any right of indemnification the employees, officers, directors, or members or former officers, directors, or members may have under Applicable Law or under the Certificate of Incorporation or
By-Laws of the Company or an Affiliate. Notwithstanding any other term or condition of the Plan, this indemnification will not apply to the actions or determinations made by an individual with regard to Awards
granted to himself or herself. 

 ARTICLE IV 

SHARE LIMITATION 
  

	4.1	 Shares. 

 

	 	(a)	 Share Limits and Counting. The maximum number of Shares available for issuance under the Plan may not
exceed 20,868,874 Shares (subject to any increase or decrease under this Section 4.1 or Section 4.2) (the “Share Reserve”). The Share Reserve may consist of
authorized and unissued Shares and Shares held in or acquired for the treasury of the Company. The Share Reserve will automatically increase on each January 1 that occurs after the Effective Date, for 10 years, by an amount equal to 5% of the
total number of Shares outstanding on December 31 of the preceding calendar year, or a lesser number as may be determined by the Board. The maximum number of Shares with respect to which ISOs may be granted is 33,993,196 Shares. With respect to
Stock Appreciation Rights settled in Shares, upon settlement, only the number of Shares delivered to a Participant will count against the Share Reserve. If any Stock Option, Stock Appreciation Right, or Other Share-Based Award expires, terminates,
or is canceled for any reason without having been exercised in full, the number of Shares underlying such Award will be added back to the Share Reserve. If any Restricted Shares, Performance Awards, or Other Share-Based Awards denominated in Shares
are forfeited for any reason, 

  
 9 

	 	
the number of Shares underlying such Award will be added back to the Share Reserve. Any Award settled in cash will not count against the Share Reserve. If Shares issuable upon exercise, vesting,
or settlement of an Award, or Shares owned by a Participant (that are not subject to any pledge or other security interest), are surrendered or tendered to the Company in payment of the purchase or exercise price of an Award or any taxes required to
be withheld in respect of an Award, in each case, in accordance with the terms of the Plan, such surrendered or tendered Shares will be added back to the Share Reserve. Awards may be granted in assumption of, or in substitution for, outstanding
awards previously granted by an entity acquired by the Company or with which the Company combines (“Substitute Awards”). Substitute Awards will not count against the Share Reserve; provided that
Substitute Awards issued in connection with the assumption of, or in substitution for, outstanding Stock Options intended to qualify as ISOs will count against the ISO limit above. Subject to applicable stock exchange requirements, available shares
under a shareholder-approved plan of an entity acquired by the Company or with which the Company combines (as appropriately adjusted to reflect such acquisition or transaction) may be used for Awards and will not count against the Share Reserve.

  

	 	(b)	 Annual Non-Employee Director Award Limitation. The maximum value
of Awards granted during any calendar year to any Non-Employee Director, taken together with any cash fees paid to that Non-Employee Director during the calendar year
and the value of awards granted to the Non-Employee Director under any other compensation plan of the Company or any Affiliate during the calendar year, may not exceed $750,000 in total value (based on the
Fair Market Value of the Shares underlying the Award as of the grant date for Restricted Shares and Other Share-Based Awards, and based on the grant date fair value for accounting purposes for Stock Options and Stock Appreciation Rights).

  

	4.2	 Changes. 

 

	 	(a)	 The existence of the Plan and any Awards will not affect in any way the right or power of the Board, the
Committee, or the Stockholders to make or authorize (i) any adjustment, recapitalization, reorganization, or other change in the Company’s capital structure or its business, (ii) any merger or consolidation of the Company or any
Affiliate, (iii) any issuance of bonds, debentures, or preferred or prior preference stock ahead of or affecting the Common Stock, (iv) the dissolution or liquidation of the Company or any Affiliate, (v) any sale or transfer of all or
part of the assets or business of the Company or any Affiliate, or (vi) any other corporate act or proceeding. 

  

	 	(b)	 Subject to Section 11.1: 

 

	 	(i)	 In the event of any change in the outstanding Common Stock or in the capital structure of the Company by reason
of any stock split, reverse stock split, recapitalization, reorganization, merger, consolidation, combination, division, exchange, spin off, extraordinary cash or stock dividend, or other relevant change in capitalization, Awards will be equitably
adjusted or substituted to the extent necessary to preserve the economic intent of such Awards. 

  
 10 

	 	(ii)	 Fractional Shares resulting from any adjustment in Awards under this Section 4.2(b)
will be aggregated until, and eliminated at, the time of exercise or payment by rounding down to the nearest whole number. No cash settlements will be required with respect to fractional Shares eliminated by rounding. Notice of any adjustment will
be given by the Committee to each Participant whose Award has been adjusted and such adjustment (whether or not such notice is given) will be effective and binding for all purposes of the Plan. 

 

	4.3	 Minimum Purchase Price. Notwithstanding any other term or condition of the Plan, if
authorized but previously unissued Shares are issued under the Plan, such Shares may not be issued for a consideration that is less than as permitted under Applicable Law. 

ARTICLE V 
 ELIGIBILITY

  

	5.1	 General Eligibility. All current and prospective Eligible Individuals are eligible to be
granted Awards. Eligibility for the grant of Awards and actual participation in the Plan will be determined by the Committee. 

  

	5.2	 ISOs. Notwithstanding Section 5.1, only Eligible Employees of the Company, its
Subsidiaries, and any Parent are eligible to be granted ISOs. 

  

	5.3	 General Requirement. The vesting and exercise of Awards granted to a prospective Eligible
Individual must be conditioned upon such individual actually becoming an Eligible Employee, Consultant, or Non-Employee Director, respectively. 

ARTICLE VI 
 STOCK
OPTIONS 
  

	6.1	 Stock Options. Stock Options may be granted alone or in addition to other Awards. Each
Stock Option will be either (a) an ISO or (b) a Nonstatutory Stock Option. 

  

	6.2	 Grants. The Committee will have the authority to grant to any Eligible Employee one or
more ISOs, Nonstatutory Stock Options, or both types of Stock Options. The Committee will have the authority to grant any Consultant or Non-Employee Director one or more Nonstatutory Stock Options. To the
extent that any Stock Option does not qualify as an ISO, such Stock Option or the portion thereof that does not so qualify will constitute a separate Nonstatutory Stock Option. 

 

	6.3	 ISOs. Notwithstanding any other term or condition of the Plan, no term or condition of the
Plan relating to ISOs will be interpreted, amended, or altered, nor will any discretion or authority granted under the Plan be so exercised, so as to disqualify the Plan under Code Section 422, or, without the consent of the Participants
affected, to disqualify any ISO under Code Section 422. 

  
 11 

	6.4	 Terms and Conditions of Stock Options. Stock Options will be subject to terms and
conditions, not inconsistent with the Plan, determined by the Committee, and the following: 

  

	 	(a)	 Exercise Price. The exercise price per Share subject to a Stock Option will be determined by the
Committee at the time of grant; provided that the per Share exercise price of a Stock Option may not be less than 100% (or, in the case of an ISO granted to a Ten Percent Stockholder, 110%) of the Fair Market Value of the Common Stock at the
grant date. 

  

	 	(b)	 Stock Option Term. The term of each Stock Option will be fixed by the Committee; provided that no
Stock Option may be exercisable more than 10 years after the date the Stock Option is granted; and provided, further, that the term of an ISO granted to a Ten Percent Stockholder may not exceed 5 years. 

 

	 	(c)	 Exercisability. Unless otherwise determined by the Committee in accordance with this
Section 6.4, Stock Options will be exercisable at the time or times and subject to the terms and conditions determined by the Committee at the time of grant. If the Committee provides that any Stock Option is exercisable
subject to certain terms and conditions, the Committee may waive those terms and conditions on the exercisability at any time at or after the time of grant in whole or in part. 

 

	 	(d)	 Method of Exercise. Subject to whatever installment exercise and waiting period terms and conditions
that may apply under Section 6.4(c), to the extent vested, Stock Options may be exercised in whole or in part at any time during the Stock Option term by giving written notice of exercise to the Company specifying the
number of Shares to be purchased. Such notice must be accompanied by payment in full of the exercise price as follows: (i) in cash or by check, bank draft, or money order payable to the Company; (ii) solely to the extent permitted by
Applicable Law, if the Common Stock is listed on a national stock exchange, and the Committee authorizes, through a procedure whereby the Participant delivers irrevocable instructions to a broker reasonably acceptable to the Committee to deliver
promptly to the Company an amount equal to the exercise price; (iii) to the extent the Committee authorizes, having the Company withhold Shares issuable upon exercise of the Stock Option, or by payment in full or in part in the form of Shares
owned by the Participant, based on the Fair Market Value of the Shares on the payment date; or (iv) on such other terms and conditions that may be acceptable to the Committee. No Shares will be issued under the Plan until payment for those
Shares has been made or provided for in accordance with the Plan. 

  

	 	(e)	 Non-Transferability of Stock Options. No Stock Option will be
Transferable by the Participant other than by will or by the laws of descent and distribution, and all Stock Options will be exercisable, during the Participant’s lifetime, only by the Participant, except that the Committee may determine at the
time of grant or thereafter that a Nonstatutory Stock Option that is otherwise not Transferable under 

  
 12 

	 	
this Section 6.4(e) is Transferable to a Family Member in whole or in part on terms and conditions that are specified by the Committee. A Nonstatutory Stock Option that
is Transferred to a Family Member under the preceding sentence (i) may not be subsequently Transferred other than by will or by the laws of descent and distribution and (ii) remains subject to the Plan and the applicable Award Agreement.
Any Shares acquired upon the exercise of a Nonstatutory Stock Option by a permissible transferee of a Nonstatutory Stock Option or a permissible transferee under a Transfer after the exercise of the Nonstatutory Stock Option will be subject to the
Plan and the applicable Award Agreement. 

  

	 	(f)	 Separation from Service by Death or Disability. Unless otherwise determined by the Committee at the time
of grant or, if no rights of the Participant are reduced, thereafter, if a Participant’s Separation from Service is by reason of death or Disability, all Stock Options that are held by such Participant that are vested and exercisable at the
time of the Participant’s Separation from Service may be exercised by the Participant (or in the case of the Participant’s death, by the legal representative of the Participant’s estate) at any time within a period of 1 year from the
date of such Separation from Service, but in no event beyond the expiration of the stated term of such Stock Options; provided, however, that, in the event of a Participant’s Separation from Service by reason of Disability, if the
Participant dies within such exercise period, all unexercised Stock Options held by such Participant will thereafter be exercisable, to the extent to which they were exercisable at the time of death, for a period of 1 year from the date of such
death, but in no event beyond the expiration of the stated term of such Stock Options. 

  

	 	(g)	 Involuntary Separation from Service without Cause. Unless otherwise determined by the Committee at the
time of grant or, if no rights of the Participant are reduced, thereafter, if a Participant’s Separation from Service is initiated by the Company without Cause, all Stock Options that are held by such Participant that are vested and exercisable
at the time of the Participant’s Separation from Service may be exercised by the Participant at any time within a period of 90 days after the date of such Separation from Service, but in no event beyond the expiration of the stated term of such
Stock Options. 

  

	 	(h)	 Voluntary Resignation. Unless otherwise determined by the Committee at the time of grant or, if no
rights of the Participant are reduced, thereafter, if a Participant’s Separation from Service is voluntary (other than a voluntary Separation from Service described in Section 6.4(i)(y)), all Stock
Options that are held by such Participant that are vested and exercisable at the time of the Participant’s Separation from Service may be exercised by the Participant at any time within a period of 90 days after the date of such Separation from
Service, but in no event beyond the expiration of the stated term of such Stock Options. 

  

	 	(i)	 Separation from Service for Cause. Unless otherwise determined by the Committee at the time of grant or,
if no rights of the Participant are reduced, thereafter, if a Participant’s Separation from Service (x) is for Cause or (y) is a voluntary Separation from Service (as provided in Section 6.4(h)) after the
occurrence of an event that would be grounds for a Separation from Service for Cause, all Stock Options, whether vested or not vested, that are held by such Participant will terminate and expire as of the date of such Separation from Service.

  
 13 

	 	(j)	 Unvested Stock Options. Unless otherwise determined by the Committee at the time of grant or, if no
rights of the Participant are reduced, thereafter, Stock Options that are not vested as of the date of a Participant’s Separation from Service for any reason will terminate and expire as of the date of such Separation from Service.

  

	 	(k)	 ISO Terms and Conditions. To the extent that the aggregate Fair Market Value (determined as of the time
of grant) of the Common Stock with respect to which ISOs are exercisable for the first time by an Eligible Employee during any calendar year under the Plan or any other stock option plan of the Company, any Subsidiary, or any Parent exceeds
$100,000, such Stock Options will be treated as Nonstatutory Stock Options. In addition, if an Eligible Employee does not remain employed by the Company, any Subsidiary, or any Parent at all times from the time an ISO is granted until 3 months
before the date of exercise thereof (or such other period as required by Applicable Law), such Stock Option will be treated as a Nonstatutory Stock Option. Should any term or condition of the Plan not be necessary in order for the Stock Options to
qualify as ISOs, or should any additional terms and conditions be required, the Committee may amend the Plan accordingly. 

  

	 	(l)	 Form, Modification, Extension and Renewal of Stock Options. Subject to the terms and conditions of the
Plan, Stock Options will be evidenced by such form of agreement or grant as is approved by the Committee, and the Committee may (i) modify, extend, or renew outstanding Stock Options (provided that the rights of a Participant are not
reduced without such Participant’s consent; and provided, further, that such action does not subject the Stock Options to Section 409A without the consent of the Participant), and (ii) accept the surrender of outstanding
Stock Options (to the extent not theretofore exercised) and authorize the granting of new Stock Options in substitution therefor (to the extent not theretofore exercised). Notwithstanding any other term or condition of the Plan, except in connection
with a corporate transaction involving the Company in accordance with Section 4.2, the repricing of Options (and Stock Appreciation Rights) is prohibited without prior approval of the Stockholders. 

For this purpose, a “repricing” means any of the following (or any other action that has the same effect as any of the following):
(y) any action that is treated as a “repricing” under GAAP and (z) repurchasing for cash or canceling an Option or a Stock Appreciation Right at a time when its exercise price is greater than the Fair Market Value of the
underlying Shares in exchange for another Award. A cancellation and exchange under clause (z) would be considered a “repricing” regardless of whether it is treated as a “repricing” under GAAP and regardless of whether it is
voluntary on the part of the Participant. 

  
 14 

	 	(m)	 Early Exercise. The Committee may provide that a Stock Option include a term or condition whereby the
Participant may elect at any time before the Participant’s Separation from Service to exercise the Stock Option as to any part or all of the Shares subject to the Stock Option before the full vesting of the Stock Option and such Shares will be
subject to the terms and conditions of Article VIII and be treated as Restricted Shares. Unvested Shares so exercised may be subject to a repurchase option in favor of the Company or to any other restriction the Committee
may determine. 

  

	 	(n)	 Automatic Exercise. The Committee may include a term or condition in an Award Agreement providing for
the automatic exercise of a Nonstatutory Stock Option on a cashless basis on the last day of the term of such Stock Option if the Participant has failed to exercise the Nonstatutory Stock Option as of such date, with respect to which the Fair Market
Value of the Shares underlying the Nonstatutory Stock Option exceeds the exercise price of such Nonstatutory Stock Option on the date of expiration of such Stock Option, subject to Section 13.5. 

ARTICLE VII 
 STOCK
APPRECIATION RIGHTS 
  

	7.1	 Terms and Conditions of Stock Appreciation Rights. Stock Appreciation Rights may be issued
either alone or in tandem with Stock Options. Stock Appreciation Rights will be subject to terms and conditions, not inconsistent with the Plan, determined by the Committee, and the following: 

 

	 	(a)	 Exercise Price. The exercise price per Share subject to a Stock Appreciation Right will be determined by
the Committee at the time of grant; provided that the per Share exercise price of a Stock Appreciation Right will not be less than 100% of the Fair Market Value of the Common Stock at the time of grant. 

 

	 	(b)	 Term. The term of each Stock Appreciation Right will be fixed by the Committee, but may not be greater
than 10 years after the date the right is granted. 

  

	 	(c)	 Exercisability. Unless otherwise determined by the Committee in accordance with this
Section 7.1, Stock Appreciation Rights will be exercisable at the time or times and subject to the terms and conditions determined by the Committee at the time of grant. If the Committee provides that any such right is
exercisable subject to certain terms and conditions, the Committee may waive those terms and conditions on the exercisability at any time at or after grant in whole or in part. 

 

	 	(d)	 Method of Exercise. Subject to whatever installment exercise and waiting period terms and conditions
apply under Section 7.1(c), Stock Appreciation Rights may be exercised in whole or in part at any time in accordance with the applicable Award Agreement, by giving written notice of exercise to the Company specifying the
number of Stock Appreciation Rights to be exercised. 

  

	 	(e)	 Payment. Upon the exercise of a Stock Appreciation Right, a Participant will be entitled to receive, for
each right exercised, up to, but no more than, an amount in cash or Common Stock (as chosen by the Committee) equal in value to the excess of the Fair Market Value of 1 Share on the date that the right is exercised over the Fair Market Value of 1
Share on the date that the right was awarded to the Participant. 

  
 15 

	 	(f)	 Separation from Service. Unless otherwise determined by the Committee at the time of grant or, if no
rights of the Participant are reduced, thereafter, subject to the applicable Award Agreement and the Plan, upon a Participant’s Separation from Service for any reason, Stock Appreciation Rights will remain exercisable after a Participant’s
Separation from Service on the same basis as Stock Options would be exercisable after a Participant’s Separation from Service in accordance with Sections 6.4(f) through 6.4(j). 

 

	 	(g)	 Non-Transferability. No Stock Appreciation Rights will be
Transferable by the Participant other than by will or by the laws of descent and distribution, and all such rights will be exercisable, during the Participant’s lifetime, only by the Participant. 

 

	7.2	 Automatic Exercise. The Committee may include a term or condition in an Award Agreement
providing for the automatic exercise of a Stock Appreciation Right on a cashless basis on the last day of the term of the Stock Appreciation Right if the Participant has failed to exercise the Stock Appreciation Right as of such date, with respect
to which the Fair Market Value of the Shares underlying the Stock Appreciation Right exceeds the exercise price of such Stock Appreciation Right on the date of expiration of such Stock Appreciation Right, subject to Section 13.5.

 ARTICLE VIII 

RESTRICTED SHARES 
  

	8.1	 Restricted Shares. The Committee will determine the Eligible Individuals to whom, and the
time or times at which, grants of Restricted Shares will be made, the number of Restricted Shares to be awarded, the price (if any) to be paid by the Participant (subject to Section 8.2), the time or times within which such
Awards will be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and conditions of the Awards. 

  

	8.2	 Awards and Certificates. Participants selected to receive Restricted Shares will not have
any right with respect to the Award, unless and until the Participant has delivered a fully executed copy of the agreement evidencing the Award to the Company, to the extent required by the Committee, and has otherwise complied with the applicable
terms and conditions of the Award. Further, such Award will be subject to the following: 

  

	 	(a)	 Purchase Price. The purchase price of Restricted Shares will be fixed by the Committee. Subject to
Section 4.3, the purchase price for Restricted Shares may be zero to the extent permitted by Applicable Law, and, to the extent required by Applicable Law, such purchase price may not be less than par value.

  

	 	(b)	 Legend. Each Participant receiving Restricted Shares will be issued a stock certificate in respect of
the Restricted Shares, unless the Committee elects to use another system, such as book entries by the transfer agent, as evidencing ownership of Restricted Shares. Such certificate will be registered in the name of the

  
 16 

	 	
Participant, and will, in addition to any legends required by Applicable Law, bear an appropriate legend referring to the terms and conditions applicable to the Award, substantially in the
following form: 

 “The anticipation, alienation, attachment, sale, transfer, assignment, pledge, encumbrance, or charge
of the restricted shares of stock represented hereby are subject to the terms and conditions (including forfeiture) of the Datto Holding Corp. (the “Company”) Omnibus Incentive Plan (the “Plan”) and an award agreement entered
into between the registered owner and the Company dated __________ (the “Agreement”). Copies of such Plan and Agreement are on file at the principal office of the Company.” 

 

	 	(c)	 Custody. If stock certificates are issued in respect of Restricted Shares, the Committee may require
that any stock certificates evidencing such Shares be held in custody by the Company until the restrictions thereon have lapsed, and that, as a condition of any grant of Restricted Shares, the Participant must deliver a duly signed stock power or
other instruments of assignment, each endorsed in blank with a guarantee of signature if deemed necessary or appropriate by the Company, which would permit transfer to the Company of all or a portion of the Restricted Shares in the event that such
Award is forfeited in whole or part. 

  

	8.3	 Terms and Conditions. Restricted Shares will be subject to terms and conditions, not
inconsistent with the Plan, determined by the Committee, and the following: 

  

	 	(a)	 Restriction Period. The Participant is not permitted to Transfer Restricted Shares during the period or
periods set by the Committee (the “Restriction Period”) commencing on the date of such Award, as set forth in the applicable Award Agreement, and such agreement will set forth a vesting schedule and any event
that would accelerate vesting of the Restricted Shares. Within these limits, based on service, attainment of Performance Goals, or such other factors or criteria as the Committee may determine, the Committee may condition the grant or provide for
the lapse of such restrictions in installments in whole or in part, or may accelerate the vesting of all or any part of any Restricted Shares and waive the deferral terms and conditions for all or any part of any Restricted Shares.

  

	 	(b)	 Rights as a Stockholder. Except as provided in Section 8.3(a) and this
Section 8.3(b) or as otherwise determined by the Committee, the Participant will have, with respect to Restricted Shares, all of the rights of a Stockholder, including the right to receive dividends, the right to vote such
Restricted Shares, and, subject to and conditioned upon the full vesting of Restricted Shares, the right to tender those Shares. The Committee may determine at the time of grant that the payment of dividends will be deferred until, and conditioned
upon, the expiration of the applicable Restriction Period. 

  

	 	(c)	 Separation from Service. Unless otherwise determined by the Committee at the time of grant or, if no
rights of the Participant are reduced, thereafter, subject to the applicable Award Agreement and the Plan, upon a Participant’s Separation from Service for any reason during the relevant Restriction Period, all Restricted Shares will be
forfeited. 

  
 17 

	 	(d)	 Lapse of Restrictions. If and when the Restriction Period expires without a prior forfeiture of the
Restricted Shares, the certificates for such Shares will be delivered to the Participant. All legends will be removed from said certificates at the time of delivery to the Participant, except as otherwise required by Applicable Law or other terms
and conditions imposed by the Committee. 

 ARTICLE IX 

PERFORMANCE AWARDS 
  

	9.1	 Performance Awards. The Committee may grant a Performance Award to a Participant payable
upon the attainment of specific Performance Goals. If the Performance Award is payable in Restricted Shares, such Shares will be transferable to the Participant only upon attainment of the relevant Performance Goal in accordance with Article
VIII. If the Performance Award is payable in cash, it may be paid upon the attainment of the relevant Performance Goals either in cash or in Restricted Shares (based on the then current Fair Market Value of such Shares). Each Performance Award
will be evidenced by an Award Agreement in such form that is not inconsistent with the Plan and that the Committee may approve. The Committee will condition the right to payment of any Performance Award upon the attainment of Performance Goals
established under Section 9.2(c). 

  

	9.2	 Terms and Conditions. Performance Awards will be subject to terms and conditions, not
inconsistent with the Plan, determined by the Committee, and the following: 

  

	 	(a)	 Earning of Performance Award. At the expiration of the applicable Performance Period, the Committee will
determine the extent to which the Performance Goals established under Section 9.2(c) are achieved and the percentage of each Performance Award that has been earned. 

 

	 	(b)	 Non-Transferability. Subject to the applicable Award Agreement
and the Plan, Performance Awards may not be Transferred. 

  

	 	(c)	 Performance Goals, Formulae or Standards. The Committee will establish the Performance Goals for the
earning of Performance Awards based on a Performance Period applicable to each Participant or class of Participants. Such Performance Goals may incorporate terms and conditions for disregarding (or adjusting for) changes in accounting methods,
corporate transactions, and other similar type events or circumstances. 

  

	 	(d)	 Dividends. Unless otherwise determined by the Committee at the time of grant, amounts equal to dividends
declared during the Performance Period with respect to the number of Shares covered by a Performance Award will not be paid to the Participant. 

  
 18 

	 	(e)	 Payment. After the Committee’s determination in accordance with
Section 9.2(a), the Company will settle Performance Awards, in such form as determined by the Committee, in an amount equal to such Participant’s earned Performance Awards. Notwithstanding the foregoing sentence, the
Committee may award an amount less than the earned Performance Awards and subject the payment of all or part of any Performance Award to additional vesting, forfeiture, and deferral terms and conditions. 

 

	 	(f)	 Separation from Service. Subject to the applicable Award Agreement and the Plan, upon a
Participant’s Separation from Service for any reason during the Performance Period for a Performance Award, the Performance Award will vest or be forfeited in accordance with the terms and conditions established by the Committee at grant.

  

	 	(g)	 Accelerated Vesting. Based on service, performance, and any other factors or criteria the Committee may
determine, the Committee may, at or after grant, accelerate the vesting of all or any part of any Performance Award. 

ARTICLE X 
 OTHER
SHARE-BASED AND CASH-BASED AWARDS 
  

	10.1	 Other Share-Based Awards. The Committee is authorized to grant to Eligible Individuals
Other Share-Based Awards that are payable in, valued in whole or in part by reference to, or otherwise based on or related to Shares, including Shares awarded purely as a bonus and not subject to terms or conditions, Shares in payment of the amounts
due under an incentive or performance plan sponsored or maintained by the Company or an Affiliate, stock equivalent units, restricted stock units (RSUs), and Awards valued by reference to book value of Shares. Other Share-Based Awards may be granted
either alone or in addition to or in tandem with other Awards. Subject to the terms and conditions of the Plan, the Committee has the authority to determine the Eligible Individuals to whom, and the time or times at which, Other Share-Based Awards
will be granted, the number of Shares to be granted under such Awards, and all other terms and conditions of the Awards. 

  

	10.2	 Terms and Conditions. Other Share-Based Awards will be subject to terms and conditions,
not inconsistent with the Plan, determined by the Committee, and the following: 

  

	 	(a)	 Non-Transferability. Subject to the applicable Award Agreement
and the Plan, Shares subject to Other Share-Based Awards may not be Transferred before the date on which the Shares are issued, or, if later, the date on which any applicable restriction, performance, or deferral period lapses.

  

	 	(b)	 Dividends. Unless otherwise determined by the Committee at the time of grant, subject to the applicable
Award Agreement and the Plan, the recipient of an Other Share-Based Award will not be entitled to receive, currently or on a deferred basis, dividends or dividend equivalents in respect of the number of Shares covered by the Award.

  

	 	(c)	 Vesting. All Other Share-Based Awards and any Shares covered by those awards will vest or be forfeited
to the extent so provided in the Award Agreement. 

  
 19 

	 	(d)	 Price. Common Stock issued on a bonus basis under this Article X may be issued for no cash
consideration. Common Stock purchased under a purchase right awarded under this Article X will be priced as determined by the Committee. 

 

	10.3	 Other Cash-Based Awards. The Committee may grant Other Cash-Based Awards to Eligible
Individuals in amounts, on terms and conditions, and for consideration, including no consideration or such minimum consideration as may be required by Applicable Law. Other Cash-Based Awards may be granted subject to the satisfaction of vesting
terms and conditions or may be awarded purely as a bonus and not subject to terms and conditions, and if subject to vesting, the Committee may accelerate such vesting at any time. 

ARTICLE XI 
 CHANGE IN
CONTROL 
  

	11.1	 Benefits. In the event of a Change in Control (as defined below), and except as otherwise
determined by the Committee in an Award Agreement, a Participant’s unvested Awards will not vest automatically and will be treated in accordance with one or more of the following methods as determined by the Committee: 

 

	 	(a)	 Awards, whether or not then vested, will be continued, assumed, or have new rights substituted therefor, and
restrictions to which Restricted Shares or any other Award granted before the Change in Control are subject will not lapse upon the Change in Control and the Restricted Shares or other Awards will receive the same distribution as other Common Stock
on terms and conditions determined by the Committee; provided that the Committee may decide to award additional Restricted Shares or other Awards in lieu of any cash distribution. 

 

	 	(b)	 The Committee may provide for the purchase of any Awards by the Company or an Affiliate for an amount of cash
equal to the excess (if any) of the Change in Control Price (as defined below) of the Shares covered by such Awards, over the aggregate purchase or exercise price of such Awards. For purposes of the Plan, “Change in Control
Price” means the highest price per Share paid in any transaction related to a Change in Control. 

  

	 	(c)	 The Committee may terminate all outstanding and unexercised Stock Options, Stock Appreciation Rights, and other
Other Share-Based Awards that provide for a Participant-elected exercise, effective as of the Change in Control, by delivering notice of termination to each Participant at least 20 days before the date of consummation of the Change in Control, in
which case during the period from the date on which such notice of termination is delivered to the consummation of the Change in Control, each affected Participant will have the right to exercise in full all of the Participant’s Awards that are
then outstanding (without regard to any terms and conditions on exercisability otherwise contained in the Award Agreements), but any such exercise will be contingent on the occurrence of the Change in Control; provided that if the Change in
Control does not take place within a specified period after giving such notice for any reason whatsoever, the notice and exercise pursuant thereto will be null and void. 

  
 20 

	 	(d)	 The Committee may make any other determination as to the treatment of Awards in connection with a Change in
Control. The treatment of Awards need not be the same for all Participants. Any escrow, holdback, earnout, or similar terms and conditions in the definitive agreements relating to the Change in Control may apply to any payment to the holders of
Awards to the same extent and in the same manner as such terms and conditions apply to the holders of Shares. 

  

	11.2	 Change in Control. Unless otherwise determined by the Committee in the applicable Award
Agreement or other written agreement with a Participant approved by the Committee, a “Change in Control” means: 

  

	 	(a)	 any “person,” as that term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the
Company, any trustee or other fiduciary holding securities under any employee benefit plan of the Company, or any company owned, directly or indirectly, by the Stockholders in substantially the same proportions as their ownership of Common Stock),
becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s
then outstanding securities; 

  

	 	(b)	 during any period of 24 consecutive calendar months, individuals who were directors serving on the Board on the
first day of such period (the “Incumbent Directors”) cease for any reason to constitute a majority of the Board; provided, however, that any individual becoming a director after the first day of
such period whose election, or nomination for election, by the Stockholders was approved by a vote of at least 2/3 of the Incumbent Directors will be considered as though such individual were an Incumbent Director, but excluding, for purposes of
this proviso, any such individual whose initial assumption of office occurs as a result of an actual or threatened proxy contest with respect to election or removal of directors or other actual or threatened solicitation of proxies or consents by or
on behalf of a “person” (as used in Section 13(d) of the Exchange Act), in each case other than the Board; 

  

	 	(c)	 consummation of a reorganization, merger, consolidation, or other business combination (any of the foregoing, a
“Business Combination”) of the Company or any direct or indirect subsidiary of the Company with any other corporation, in any case with respect to which the Company voting securities outstanding immediately
before such Business Combination do not, immediately after such Business Combination, continue to represent (either by remaining outstanding or being converted into voting securities of the Company or any ultimate parent thereof) more than 50% of
the then outstanding voting securities entitled to vote generally in the election of directors of the Company (or its successor) or any ultimate parent thereof after the Business Combination; or 

 

	 	(d)	 a complete liquidation or dissolution of the Company or the consummation of a sale or disposition by the
Company of all or substantially all of the Company’s assets other than the sale or disposition of all or substantially all of the assets of the Company to a Person or Persons who beneficially own, directly or indirectly, 50% or more of the
combined voting power of the outstanding voting securities of the Company at the time of the sale. 

  
 21 

 Notwithstanding the foregoing terms and conditions of this definition, with respect to any
Award that is characterized as “nonqualified deferred compensation” within the meaning of Section 409A, an event will not be considered to be a Change in Control under the Plan for purposes of payment of such Award unless such event
is also a “change in control event” within the meaning of Section 409A. 
  

	11.3	 Initial Public Offering not a Change in Control. Notwithstanding the foregoing terms and
conditions of the definition of Change in Control, the occurrence of the Registration Date will not be considered a Change in Control. 

ARTICLE XII 
 AMENDMENT
AND TERMINATION 
  

	12.1	 Amendment and Termination of Plan. Subject to Section 12.3, the
Board may amend or terminate the Plan at any time; provided, however, that no amendment will be effective unless approved by the Stockholders to the extent Stockholder approval is necessary to satisfy any Applicable Laws.

  

	12.2	 Amendment of Awards. Subject to Section 12.3, the Committee may
amend any Award at any time; provided, however, that no amendment will be effective unless approved by the Stockholders to the extent Stockholder approval is necessary to satisfy any Applicable Laws. 

 

	12.3	 No Material Impairment of Rights. Rights under any Award granted before amendment or
termination of the Plan or amendment of an Award may not be materially impaired by any such amendment or termination unless the Participant consents thereto. 

ARTICLE XIII 
 GENERAL
TERMS AND CONDITIONS 
  

	13.1	 Legend. The Committee may require each person receiving Shares under the Plan to represent
to and agree with the Company in writing that the Participant is acquiring the Shares without a view to distribution thereof. In addition to any legend required by the Plan, the certificates for Shares issued under the Plan may include any legend
that the Committee deems appropriate to reflect any restrictions on Transfer. All certificates for Shares delivered under the Plan will be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under
Applicable Law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

  

	13.2	 Book Entry. Notwithstanding any other term or condition of the Plan, the Company may elect
to satisfy any requirement under the Plan for the delivery of Share certificates through the use of another system, such as book entry or electronically. 

  
 22 

	13.3	 Other Plans. Nothing contained in the Plan prevents the Board from adopting other or
additional compensation arrangements, subject to Stockholder approval if such approval is required, and such arrangements may be either generally applicable or applicable only in specific cases. 

 

	13.4	 No Right to Employment/Consultancy/Directorship. Neither the Plan nor the grant of any
Award gives any Person any right with respect to continuance of employment, consultancy, or directorship by the Company or any Affiliate, nor does the Plan or the grant of any Award cause any limitation in any way on the right of the Company or any
Affiliate by which an employee is employed or a Consultant or Non-Employee Director is retained to terminate such employment, consultancy, or directorship at any time. 

 

	13.5	 Withholding for Taxes. The Company or an Affiliate, as the case may be, has the right to
deduct from payments of any kind otherwise due to a Participant any federal, state, or local taxes of any kind required by Applicable Law to be withheld (a) with respect to the vesting of or other lapse of restrictions applicable to an Award,
(b) upon the issuance of any Shares upon the exercise of an Option or Stock Appreciation Right, or (c) otherwise due in connection with an Award. At the time the tax obligation becomes due, the Participant must pay to the Company or the
Affiliate, as the case may be, any amount that the Company or Affiliate determines to be necessary to satisfy the tax obligation. The Company or the Affiliate, as the case may be, may require or permit the Participant to satisfy the tax obligation,
in whole or in part, (i) by causing the Company or Affiliate to withhold up to the maximum required number of Shares otherwise issuable to the Participant as may be necessary to satisfy such tax obligation or (ii) by delivering to the
Company or Affiliate Shares already owned by the Participant. The Shares so delivered or withheld must have an aggregate Fair Market Value equal to the tax obligation. The Fair Market Value of the Shares used to satisfy the tax obligation will be
determined by the Company or the Affiliate as of the date that the amount of tax to be withheld is to be determined. To the extent applicable, a Participant may satisfy his or her tax obligation only with Shares that are not subject to any
repurchase, forfeiture, unfulfilled vesting, or other similar requirements. Any fraction of a Share required to satisfy tax obligations will be disregarded and the amount due must be paid instead in cash by the Participant. 

 

	13.6	 No Assignment of Benefits. No Award or other benefit payable under the Plan may, except as
otherwise specifically provided by Applicable Law or permitted by the Committee, be Transferable in any manner, and any attempt to Transfer any such benefit will be void, and any such benefit will not in any manner be liable for or subject to the
debts, contracts, liabilities, engagements, or torts of any Person who will be entitled to such benefit, nor will it be subject to attachment or legal process for or against such Person. 

 

	13.7	 Listing and Other Terms and Conditions. 

 

	 	(a)	 Unless otherwise determined by the Committee, as long as the Common Stock is listed on a national stock
exchange or system sponsored by a national securities association, the issuance of Shares under an Award will be conditioned upon such Shares being listed on such exchange or system. The Company will have no obligation to issue such Shares unless
and until such Shares are so listed, and the right to exercise any Stock Option or other Award with respect to such Shares will be suspended until such listing has been effected. 

  
 23 

	 	(b)	 If at any time counsel to the Company is of the opinion that any sale or delivery of Shares under an Award is
or may be unlawful or result in the imposition of excise taxes on the Company, the Company will have no obligation to make such sale or delivery, or to make any application or to effect or to maintain any qualification or registration under the
Securities Act or otherwise, with respect to Shares or Awards, and the right to exercise any Stock Option or other Award will be suspended until, in the opinion of said counsel, such sale or delivery would be lawful or would not result in the
imposition of excise taxes on the Company. 

  

	 	(c)	 Upon termination of any period of suspension under this Section 13.7, any Award
affected by such suspension that has not expired or terminated will be reinstated as to all Shares available before such suspension and as to Shares that would otherwise have become available during the period of such suspension, but no such
suspension will extend the term of any Award. 

  

	 	(d)	 A Participant will be required to supply the Company with certificates, representations, and information that
the Company requests and otherwise cooperate with the Company in obtaining any listing, registration, qualification, exemption, consent, and approval the Company determines necessary or appropriate. 

 

	13.8	 Stockholders Agreement and Other Requirements. Notwithstanding any other term or condition
of the Plan, as a condition to the receipt of Shares under an Award, to the extent required by the Committee, the Participant must execute and deliver a Stockholder’s agreement and such other documentation that sets forth certain restrictions
on transferability of the Shares acquired upon exercise or purchase, and such other terms and conditions as the Committee may establish. The Company may require, as a condition of exercise, the Participant to become a party to an existing
Stockholders agreement (or other agreement). Any payment of cash or issuance or transfer of Shares or other property to the Participant or the Participant’s legal representative under the Plan will, to the extent thereof, be in full
satisfaction of all claims of such Persons under the plan, and the Company may require the Participant or the Participant’s legal representative, as a condition to such payment or issuance or transfer, to execute a general release of all claims
in favor of the Company and each Affiliate in such form as the Company may determine. 

  

	13.9	 Governing Law. The Plan and actions taken in connection with the Plan will be governed and
construed in accordance with the laws of the State of Delaware (regardless of the law that might otherwise govern under applicable Delaware principles of conflict of laws). 

 

	13.10	 Jurisdiction; Waiver of Jury Trial. Any suit, action, or proceeding with respect to the
Plan or any Award or Award Agreement, or any judgment entered by any court of competent jurisdiction in respect of the Plan or any Award or Award Agreement, will be resolved only in the courts of the State of Delaware or the United States District
Court for the District of Delaware and the appellate courts having jurisdiction of appeals in such 

  
 24 

	 	
courts. In that context, and without limiting the generality of the foregoing, each of the Company and each Participant irrevocably and unconditionally (a) submits in any proceeding relating
to the Plan or any Award or Award Agreement, or for the recognition and enforcement of any judgment in respect of the Plan or any Award or Award Agreement (a “Proceeding”), to the exclusive jurisdiction of the
courts of the State of Delaware or the United States District Court for the District of Delaware and the appellate courts having jurisdiction of appeals in such courts, and agrees that all claims in respect of any Proceeding will be heard and
determined in such state court or, to the extent permitted by Applicable Law, in such federal court, (b) consents that any Proceeding may and will be brought in such courts and waives any objection that the Company or the Participant may have
at any time after the Effective Date to the venue or jurisdiction of any Proceeding in any such court or that the Proceeding was brought in an inconvenient court and agrees not to plead or claim the same, (c) waives all right to trial by jury
in any Proceeding (whether based on contract, tort, or otherwise) arising out of or relating to the Plan or any Award or Award Agreement, (d) agrees that service of process in any Proceeding may be effected by mailing a copy of such process by
registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party, in the case of a Participant, at the Participant’s address shown in the books and records of the Company or, in the case of the Company,
at the Company’s principal offices, attention General Counsel, and (e) agrees that nothing in the Plan will affect the right to effect service of process in any other manner permitted by the laws of the State of Delaware.

  

	13.11	 Other Benefits. No Award will be considered compensation for purposes of computing
benefits under any retirement plan of the Company or any Affiliate or affect any benefit under any other benefit plan now or subsequently in effect under which the availability or amount of benefits is related to the level of compensation.

  

	13.12	 Costs. The Company will bear all expenses associated with administering the Plan,
including expenses of issuing Common Stock under Awards. 

  

	13.13	 No Right to Same Benefits. The terms and conditions of Awards need not be the same with
respect to each Participant, and Awards to individual Participants need not be the same in subsequent years (if granted at all). 

  

	13.14	 Death/Disability. The Committee may require the transferee of a Participant to supply it
with written notice of the Participant’s death or Disability and to supply it with a copy of the will (in the case of the Participant’s death) or such other evidence as the Committee deems necessary to establish the validity of the
transfer of an Award. The Committee may also require the agreement of the transferee to be bound by the Plan. 

  

	13.15	 Section 16(b) of the Exchange Act. All elections and
transactions under the Plan by Persons subject to Section 16 of the Exchange Act involving Shares are intended to comply with any applicable exemptive condition under Rule 16b-3. The Committee may
establish and adopt written administrative guidelines, designed to facilitate compliance with Section 16(b) of the Exchange Act, as it may deem necessary or proper for the administration and operation of the Plan and the transaction of business
thereunder. 

  
 25 

	13.16	 Section 409A. The Plan is intended to comply with
Section 409A and will be limited, construed, and interpreted in accordance with such intent. To the extent that any Award is subject to Section 409A, it will be paid in a manner that complies with Section 409A. Notwithstanding any
other provision of the Plan, any Plan provision that is inconsistent with Section 409A will be deemed to be amended to comply with Section 409A and to the extent such provision cannot be amended to comply, such provision will be null and
void. The Company will have no liability to a Participant, or any other party, if an Award that is intended to be exempt from or compliant with Section 409A is not so exempt or compliant, or for any action taken by the Committee or the Company
and, in the event that any amount or benefit under the Plan becomes subject to penalties under Section 409A, responsibility for payment of such penalties will rest solely with the affected Participants and not with the Company. Notwithstanding
any other provision in the Plan or any Award Agreement, any payment(s) of “nonqualified deferred compensation” (within the meaning of Section 409A) that are otherwise required to be made under the Plan to a “specified
employee” (as defined under Section 409A) as a result of such employee’s separation from service (other than a payment that is not subject to Section 409A) will be delayed for the first 6 months after such separation from service
and will instead be paid (in a manner set forth in the Award Agreement) upon expiration of such delay period (or, if earlier, the date of death of the specified employee). All installment payments under the Plan will be deemed separate payments for
purposes of Section 409A. 

  

	13.17	 California Participants. The Plan is intended to comply with Section 25102(o) of the
California Corporations Code, to the extent applicable. In that regard, to the extent required by Section 25102(o), (a) the terms and conditions of any Options and Stock Appreciation Rights, to the extent vested and exercisable upon a
Participant’s Separation from Service, will include any minimum exercise periods after Separation from Service required by Section 25102(o) and (b) any repurchase right of the Company or any Affiliate will include a minimum 90-day notice requirement. Any Plan term that is inconsistent with Section 25102(o) will, without further act or amendment by the Company or the Board, be reformed to comply with the requirements of
Section 25102(o). 

  

	13.18	 Successor and Assigns. The Plan will be binding on all successors and permitted assigns of
a Participant, including the estate of such Participant and the executor, administrator, or trustee of such estate. 

  

	13.19	 Severability of Terms and Conditions. If any term or condition of the Plan is held invalid
or unenforceable, such invalidity or unenforceability will not affect any other term or condition of the Plan, and the Plan will be construed and enforced as if such term or condition had not been included. 

 

	13.20	 Payments to Minors, Etc. Any benefit payable to or for the benefit of a minor, an
incompetent Person, or other Person incapable of receipt thereof will be considered paid when paid to such Person’s guardian or to the party providing or reasonably appearing to provide for the care of such Person, and such payment will fully
discharge the obligations of the Committee, the Board, the Company, all Affiliates, and their employees, agents, and representatives with respect thereto. 

  
 26 

	13.21	 Lock-Up Agreement. As a condition to the grant of
an Award, if requested by the Company and the lead underwriter of any public offering of Common Stock (the “Lead Underwriter”), a Participant must irrevocably agree not to sell, contract to sell, grant
any option to purchase, transfer the economic risk of ownership in, make any short sale of, pledge or otherwise transfer or dispose of, any interest in any Common Stock or any securities convertible into, derivative of, or exchangeable or
exercisable for, or any other rights to purchase or acquire Common Stock (except Common Stock included in such public offering or acquired on the public market after such offering) during such period of time after the effective date of a
registration statement of the Company filed under the Securities Act that the Lead Underwriter may specify (the “Lock-Up Period”). Each Participant must sign
such documents as may be requested by the Lead Underwriter to effect the foregoing. The Company may impose stop-transfer instructions with respect to Common Stock acquired under an Award until the end of such
Lock-Up Period. 

  

	13.22	 Separation from Service for Cause; Clawbacks; Detrimental Conduct. 

 

	 	(a)	 Separation from Service for Cause. The Company may cancel any unvested Awards if the Participant incurs
a Separation from Service for Cause. 

  

	 	(b)	 Clawbacks. All awards, amounts, or benefits received or outstanding under the Plan will be subject to
clawback, cancellation, recoupment, rescission, payback, reduction, or other similar action in accordance with any Company clawback or similar policy or any Applicable Law related to such actions. A Participant’s acceptance of an Award will
constitute the Participant’s acknowledgement of and consent to the Company’s application, implementation, and enforcement of any applicable Company clawback or similar policy that may apply to the Participant, whether adopted before or
after the Effective Date, and any Applicable Law relating to clawback, cancellation, recoupment, rescission, payback, or reduction of compensation, and the Participant’s agreement that the Company may take any actions that may be necessary to
effectuate any such policy or Applicable Law, without further consideration or action. 

  

	 	(c)	 Detrimental Conduct. Except as otherwise determined by the Committee, notwithstanding any other term or
condition of the Plan, if a Participant engages in Detrimental Conduct, whether during the Participant’s service or after the Participant’s Separation from Service, in addition to any other penalties or restrictions that may apply under
the Plan, Applicable Law, or otherwise, the Participant must forfeit or pay to the Company the following: 

  

	 	(i)	 any and all outstanding Awards granted to the Participant, including Awards that have become vested or
exercisable; 

  

	 	(ii)	 any cash or Shares received by the Participant in connection with the Plan within the 36-month period immediately before the date the Participant engaged in Detrimental Conduct; and 

  
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	 	(iii)	 the profit realized by the Participant from the sale, or other disposition for consideration, of any Shares
received by the Participant under the Plan within the 36-month period immediately before the date the Participant engaged in Detrimental Conduct. 

 

	13.23	 Data Protection. A Participant’s acceptance of an Award will be deemed to constitute
the Participant’s acknowledgement of and consent to the collection and processing of personal data relating to the Participant so that the Company and the Affiliates can fulfill their obligations and exercise their rights under the Plan and
generally administer and manage the Plan. This data will include data about participation in the Plan and Shares offered or received, purchased, or sold under the Plan and other appropriate financial and other data (such as the date on which the
Awards were granted) about the Participant and the Participant’s participation in the Plan. 

  

	13.24	 Unfunded Plan. The Plan is intended to constitute an “unfunded” plan for
incentive and deferred compensation. With respect to any payment as to which a Participant has a fixed and vested interest but that is not yet made to a Participant by the Company, nothing in the Plan gives any Participant any right that is greater
than the rights of a general unsecured creditor of the Company. The grant of an Award will not require a segregation of any of the Company’s assets for satisfaction of the Company’s payment obligation under any Award.

  

	13.25	 Plan Construction. In the Plan, unless otherwise stated, the following uses apply:

  

	 	(a)	 references to an Applicable Law refer to such Applicable Law and any amendments and supplements thereto and any
successor Applicable Law, and to all valid and binding rules and regulations promulgated thereunder, court decisions, and other regulatory and judicial authority issued or rendered thereunder, as amended or supplemented, or their successors, as in
effect at the relevant time; 

  

	 	(b)	 in computing periods from a specified date to a later specified date, the words “from” and
“commencing on” (and the like) mean “from and including,” and the words “to,” “until,” and “ending on” (and the like) mean “to and including”; 

 

	 	(c)	 indications of time of day will be based upon the time applicable to the location of the principal headquarters
of the Company; 

  

	 	(d)	 the words “include,” “includes,” and “including” (and the like) mean
“include, without limitation,” “includes, without limitation,” and “including, without limitation” (and the like), respectively; 

 

	 	(e)	 all references to articles, sections, and exhibits are to articles, sections, and exhibits in or to the Plan;

  

	 	(f)	 all words used will be construed to be of such gender or number as the circumstances and context require;

  
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	 	(g)	 the captions and headings of articles, sections, and exhibits have been inserted solely for convenience of
reference and will not be considered a part of the Plan, nor will any of them affect the meaning or interpretation of the Plan; 

  

	 	(h)	 any reference to an agreement, plan, policy, form, document, or set of documents, and the rights and
obligations of the parties under any such agreement, plan, policy, form, document, or set of documents, will mean the agreement, plan, policy, form, document, or set of documents as amended from time to time, and any and all modifications,
extensions, renewals, substitutions, or replacements thereof; and 

  

	 	(i)	 all accounting terms not specifically defined will be construed in accordance with GAAP. 

  
 29

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