Document:

EX-10.2

 Exhibit 10.2 

EMPLOYMENT AGREEMENT 

This Employment Agreement (the “Agreement”), dated as of November 14, 2021, is entered into by and between Six Flags
Entertainment Corporation, a Delaware corporation (the “Company”) and Selim A. Bassoul (the “Executive”). 

W I T N E S S E T H: 

WHEREAS, Executive presently serves as Chairman of the Board of Directors of the Company (the “Board”); and 

WHEREAS, the Company and Executive wish to have Executive serve as President and Chief Executive Officer of the Company on the terms set forth
in this Agreement and to confirm the terms and conditions of such employment by entering into this Agreement. 
 NOW, THEREFORE, in
consideration of the mutual covenants set forth in this Agreement, it is hereby agreed as follows: 
 1. Term of Employment. The term
of Executive’s employment by the Company pursuant to this Agreement shall commence on the date hereof (the “Effective Date”) and shall terminate on December 31, 2024, unless extended by mutual agreement of the parties or
earlier terminated in accordance with Section 4 hereof (such term, the “Term”). 
 2. Position, Duties and
Location. 
 (a) Position and Duties. Executive shall serve as the President and Chief Executive Officer of the Company. In
connection with Executive’s commencement of employment as President and Chief Executive Officer of the Company pursuant to this Agreement, Executive shall resign as Chairman of the Board but shall remain a member of the Board. The Company shall
nominate Executive for election as a member of the Board at each stockholders’ meeting occurring during the Term that Executive’s seat is scheduled for election and shall use best efforts to have Executive so elected. During the Term,
Executive shall have the duties and responsibilities for the position(s) then held by Executive that are commensurate with those held by similarly situated executives at similarly situated companies of similar size, and such other duties and
responsibilities assigned by the Board that are consistent with Executive’s position. Executive shall report solely and directly to the Board. 

(b) Attention and Time. Executive shall devote substantially all his business attention and time to his duties hereunder and shall use
his reasonable best efforts to carry out such duties faithfully and efficiently. During the Term, it shall not be a violation of this Agreement for Executive to (i) serve on industry, trade, civic or charitable boards or committees;
(ii) deliver lectures or fulfill speaking engagements; (iii) manage personal investments, as long as such activities do not materially interfere with the performance of Executive’s duties and responsibilities as described herein; or
(iv) serve as a director of Diversey, Inc.; provided, that Executive may be permitted to continue to serve as Non-Executive Chairman of the Board of Directors of Diversey, Inc. through May 2022, at
which time he will step down from the role of Non-Executive Chairman; and provided, further, that in the event Executive no longer serves on the Board of Directors of Diversey, Inc., Executive
shall be permitted to serve on one other for-

 
profit corporate board of directors or as non-executive chairman of any such board of directors, in any case, if approved in advance by the Board, acting
reasonably and in good faith. Notwithstanding the foregoing, Executive shall use his best efforts to resign from any outside position consistent with his obligations with respect to such position if the Board determines in good faith that such
activities interfere in any material respect with the performance of Executive’s duties and responsibilities for the Company. 
 (c)
Location. Executive’s principal place of employment shall be located at the Company’s main corporate headquarters in Arlington, Texas, but Executive shall be required to travel to and render services at other Company locations, as
may reasonably be required by his duties hereunder. 
 3. Compensation. 

(a) Base Salary. Executive shall receive a base salary (as applicable, the “Base Salary”) at an annual rate of no less
than $1,550,000. Executive’s Base Salary shall be reviewed by the Company at least annually for increase, beginning on the first anniversary of the Effective Date. Base Salary shall be paid at such times and in such manner as the Company
customarily pays the base salaries of its employees. In the event that Executive’s Base Salary is increased by the Board in its discretion at any time during the Term, such increased amount shall thereafter constitute the Base Salary. 

(b) Annual Bonus. Commencing in fiscal year 2022, Executive shall participate in the Company’s annual bonus program generally
applicable to named executive officers of the Company on substantially the same terms and conditions generally applicable to such named executive officers; provided, that the applicable performance goals will be established by the
Compensation Committee of the Board (the “Committee”) in good faith after consultation with Executive in advance. Executive’s minimum bonus opportunity (“Minimum Bonus”), target bonus opportunity
(“Target Bonus”) and maximum bonus opportunity (“Maximum Bonus”) shall be 50%, 150% and 300%, respectively of Base Salary. Executive will earn the Maximum Bonus upon achievement of 150% of the applicable performance
goal established by the Committee after consultation with Executive. Executive will earn the Minimum Bonus upon achievement of 75% of the applicable performance goal established by the Committee after consultation with Executive. Executive’s
annual bonus will be determined based on linear interpolation for performance falling between the applicable performance goals for Target Bonus and Maximum Bonus and between the applicable performance goals for Minimum Bonus and Target Bonus.
Notwithstanding the foregoing, for the 2021 fiscal year, Executive shall be eligible to receive an annual bonus as determined in the discretion of the Board. Any annual bonus payable to Executive shall be paid during the fiscal year following the
fiscal year and no later than five (5) days following the filing of the Company’s Form 10-K for the fiscal year (or, if the Company is not required to or does not file a Form 10-K, no later than five (5) days following the completion of the audit of the applicable fiscal year), subject to Executive’s continued employment through such date, except as otherwise expressly set
forth in Section 4 of this Agreement. 

  
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 (c) Performance Equity Award. Within thirty (30) days following the Effective
Date, Executive shall be granted a Performance Award denominated in shares of common stock of the Company (“Common Stock”) in accordance with an award agreement substantially in the form attached as
Exhibit A. 
 (d) Other Compensation and Benefits. During the Term, Executive shall be entitled to
participate in or receive benefits under any employee benefit programs of the Company (including life, health and disability programs) that are made available to named executive officers of the Company to the extent that Executive complies with the
conditions attendant with coverage under such plans or arrangements. Nothing contained herein shall be construed to prevent the Company from modifying or terminating any plan or arrangement (excluding, as it relates to Executive, the annual bonus
program described in Section 3(b), expense reimbursements described in Section 3(g), the Performance Award set forth in Exhibit A and the RSU Awards described in Section 3(f)). Notwithstanding the foregoing, Executive shall be
entitled to six weeks of paid vacation per calendar year. 
 (e) Stock Purchase. Subject to applicable law and the Company’s
policies and procedures, during the period commencing at the beginning of the second trading day following the Effective Date and terminating thirty (30) calendar days following the Effective Date (the “Purchase Period”),
Executive shall purchase an aggregate of $10,000,000 of Common Stock in open market transactions on the New York Stock Exchange. If the Company determines Executive is unable to consummate such purchases during the Purchase Period as a result of
compliance with applicable law or the policies and procedures of the Company, Executive shall complete such purchases as soon as practicable following confirmation from the Company that Executive may resume such purchases. 

(f) RSU Award. As consideration for Executive’s agreement to accept employment with the Company, the Company shall grant Executive
restricted stock units denominated in shares of Common Stock (the “RSU Award”) within thirty (30) days following the Effective Date, with respect to 246,426 shares of Common Stock. The RSU Award will be issued pursuant to a
Restricted Stock Unit Agreement in the form previously approved by the Committee for grants of restricted stock units to executives of the Company; provided, that, (x) the RSU Award granted to Executive pursuant to this Section 3(f)
shall vest in full on the third anniversary of the Effective Date so long as Executive remains continuously employed by the Company through such third anniversary date, and (y) in the event of a termination of Executive’s employment prior
to the third anniversary of the Effective Date without Cause or due to Executive’s death, Disability or resignation for Good Reason, subject to Section 4(c), the full amount of the RSU Award shall become vested as of the date of such
termination. 
 (g) Expenses. During the Term, the Company shall promptly reimburse Executive in accordance with applicable Company
policy for all reasonable expenses that Executive incurs during his employment with the Company in carrying out Executive’s duties under this Agreement. Notwithstanding the foregoing, Executive shall be entitled to first class air travel, and
customarily priced executive-level hotel accommodations and ground transportation on Company business, including, without limitation, travel between Company offices. The Company shall also pay to or provide Executive with a relocation allowance of
up to $165,000 in accordance with the applicable Company policies as in effect from time to time. 

  
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 (h) Additional Compensation and Benefits. Nothing contained in this Agreement shall
limit the Board in awarding, in its discretion, additional compensation and benefits to Executive. 
 4. Termination of Employment.
Executive’s employment shall terminate automatically upon his death or Disability. The Company may terminate Executive’s employment for Cause or without Cause. Executive may terminate his employment with or without Good Reason. Upon
termination of Executive’s employment for any reason, the Company shall pay Executive within 10 business days of his Date of Termination (except with respect to reimbursements described in clause (C), which shall be paid within 20 business days
of Executive’s Date of Termination): (A) unpaid Base Salary through the Date of Termination, (B) any benefits due to Executive under any employee benefit plan of the Company and any payments due to Executive under the terms of any Company
program, arrangement or agreement, including insurance policies but excluding any severance program or policy and (C) any expenses owed to Executive, provided Executive properly submits documentation therefor in accordance with applicable
Company policy within 10 business days after the Date of Termination ((A), (B), and (C) collectively, the “Accrued Amounts”). 

(a) Death; Disability; Termination For Cause; Termination without Good Reason; Termination upon Conclusion of Term. Upon a termination
of Executive’s employment (i) due to Executive’s death or Disability, (ii) by the Company for Cause or by Executive without Good Reason or (iii) upon the conclusion of the Term, Executive (or, in the case of Executive’s
death, Executive’s estate and/or beneficiaries) shall be entitled to Executive’s Accrued Amounts. In addition, in the event of the termination of Executive’s employment due to death or Disability or upon the conclusion of the Term,
Executive (or Executive’s estate) shall be entitled to (i) any unpaid bonus for any prior fiscal year, determined in accordance with Section 3(b) (the “Prior Year Bonus”), payable at the time described in
Section 3(b), and (ii) a pro rata portion (based on the number of days during the applicable fiscal year Executive was employed by the Company) of the annual bonus that would otherwise have been paid to Executive if his employment had not
so terminated, determined in accordance with Section 3(b) (a “Pro Rata Bonus”), payable at the time described in Section 3(b) and based on actual performance through the regular performance period. Moreover, in the event
of the termination of Executive’s employment due to Disability, Executive shall be entitled to payment of an amount equal to the sum of Executive’s Base Salary and Target Bonus for the year of termination, multiplied by two (i.e.,
(Base Salary + Target Bonus) x 2), such amount to be paid in a lump sum as soon as practicable after the Date of Termination but no later than the earliest time permitted under Section 4(c) and Section 19. Except as set forth in this
Section 4(a), Executive shall have no further right or entitlement under this Agreement to payments arising from termination of his employment due to death or Disability, by the Company for Cause or by Executive without Good Reason, or due to
the conclusion of the Term. 
 (b) Termination Without Cause or for Good Reason. In the event that, during the Term, the Company
terminates Executive’s employment without Cause or Executive terminates his employment for Good Reason, Executive shall be entitled to the Accrued Amounts and, subject to Executive’s not breaching Sections 5 and 7 and not materially
breaching Section 6, the following payments and benefits in lieu of any payments or benefits under any severance program or policy of the Company or its Affiliates: 

  
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 (A) payment of the Prior Year Bonus, payable at the time described in Section 3(b);

 (B) payment of a Pro Rata Bonus, payable at the time described in Section 3(b) and based on actual performance through the regular
performance period; 
 (C) payment of an amount equal to the sum of Executive’s Base Salary and Target Bonus (excluding any reductions
thereto that serve as the basis for a termination for Good Reason) for the year of termination, multiplied by two (i.e., (Base Salary + Target Bonus) x 2), such amount to be paid in a lump sum as soon as practicable after the Date of
Termination but no later than the earliest time permitted under Section 4(c) and Section 19; and 
 (D) at the Company’s
election either (X) subject to Executive’s making a timely election pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), continued health care coverage for a period of eighteen
(18) months commencing on the Date of Termination or until Executive receives comparable coverage from a subsequent employer for Executive (and Executive’s eligible dependents, if any) under the Company’s health plans on the same
basis as such coverage is made available to executives employed by the Company (including, without limitation, co-pays, deductibles and other required payments and limitations) with the Company paying the
applicable COBRA premium in excess of the amount paid by active employees for such coverage or otherwise providing such coverage to Executive for the amount paid by active employees for such coverage and Executive’s qualifying event for
purposes of COBRA shall be treated as occurring at the Date of Termination; provided, that, if Executive is continuing to receive COBRA coverage under the Company’s health plans as of the date that is eighteen (18) months after the
Date of Termination (the “Health Payment Trigger Date”), then, on the Company’s first regularly scheduled pay date following the Health Payment Trigger Date, the Company shall pay to Executive a lump sum cash payment equal to
(a) six (6) multiplied by (b) the COBRA Payment Amount (as defined below); or (Y) a cash lump sum payment equal to (i) twenty-four (24) multiplied by (ii) the excess of the monthly applicable COBRA premium
as of Executive’s Date of Termination for health care coverage Executive (and Executive’s eligible dependents, if any) had from the Company immediately prior to Executive’s Date of Termination over the monthly dollar amount Executive
would have paid to the Company for such health care coverage if Executive remained employed following the Date of Termination (the amount in this clause (Y)(ii), the “COBRA Payment Amount”). 

(c) Release. As a condition to receiving the payments and benefits set forth in Section 3(f) and 4(b), Executive shall be required,
within sixty (60) days of Executive’s Date of Termination (including, without limitation, a Date of Termination that occurs after the expiration of the Term), to execute, deliver and not revoke (with any applicable revocation period having
expired) a general release of claims in a form attached hereto as Exhibit B. To the extent required by Section 19, any payments or benefits that would otherwise have been made during such sixty
(60)-day period shall not be made and shall be accumulated and paid in a single lump sum on the expiration of such sixty (60)-day period. 

  
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 (d) Full Discharge. The amounts payable to Executive under this Section 4
following termination of Executive’s employment shall, once paid, be in full and complete satisfaction of Executive’s rights under this Agreement and any other claims he may have in respect of his employment by the Company or any of its
subsidiaries, and Executive acknowledges that such amounts are fair and reasonable, and his sole and exclusive remedy, in lieu of all other remedies at law or in equity, with respect to the termination of his employment hereunder or breach of this
Agreement. Nothing contained in this sub-section shall serve as a bar to any claim that would not have been released if Executive executed the release attached as Exhibit B upon Executive’s Date of
Termination, whether or not such release is required to be executed in connection with such termination. 
 (e) Definitions. For
purposes of this Agreement, the following definitions shall apply: 
 (i) “Affiliate” shall mean a person or other entity
that directly or indirectly controls, is controlled by, or is under common control with the Company. 
 (ii) “Cause” shall
mean: (A) Executive’s continued failure (except where due to physical or mental incapacity) to endeavor in good faith to substantially perform his duties hereunder after written notice from the Company requesting such performance and
specifying Executive’s alleged failure; (B) Executive’s material malfeasance or gross neglect in the performance of his duties hereunder; (C) Executive’s conviction of, or plea of guilty or nolo contendere to, a
misdemeanor involving moral turpitude or a felony; (D) the commission by Executive of an act of fraud or embezzlement against the Company or any Affiliate constituting a crime; (E) Executive’s material breach of any material provision
of this Agreement that is not remedied within fifteen (15) days after (I) written notice from the Company specifying such breach and (II) the opportunity to appear before the Board; (F) Executive’s material violation of a
material Company policy that causes demonstrable damage to the Company, which damage is not insignificant; (G) Executive’s continued failure to cooperate in any audit or investigation involving the Company or its Affiliates or its or their
financial statements or business practices that is not remedied within fifteen (15) days of written notice from the Company specifying such failure; or (H) Executive’s actual gross misconduct that adversely and materially
affects the business or reputation of the Company and its Subsidiaries taken as a whole; provided, that in any dispute pursuant to Section 10 of this Agreement regarding whether “Cause” exists under this clause (H), the
arbitrator shall make a de novo review of whether Executive’s actual gross misconduct adversely and materially affected the business or reputation of the Company and its Subsidiaries taken as a whole, it being understood that
Executive’s termination shall be determined by the arbitrator to have been by the Company without Cause under this clause (H) if either (a) Executive did not actually engage in gross misconduct or (b) such gross misconduct did
not in fact have an adverse and material effect on the business or reputation of the Company and its Subsidiaries taken as a whole. 
 (iii)
“Change in Control” shall mean: (A) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), but excluding (x) any
employee benefit plan of the Company, (y) any Permitted Holder or (z) any acquisitions pursuant to a transaction described in clause (D) below, that does not constitute a Change in Control), is or becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a person shall be deemed to have “beneficial ownership” of all shares that
any such person has the right to acquire, whether such right is exercisable immediately or only through the passage of time), directly or indirectly, of more than 

  
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thirty-five percent (35%) of the voting stock of the Company; (B) at any time, the Continuing Directors (as defined below) cease for any reason to constitute at least a majority of
the Board; (C) a direct or indirect sale or other transfer of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, or (D) consummation of any merger, consolidation or like business combination or
reorganization of the Company that results in the voting securities of the Company outstanding immediately prior to the consummation of such merger, consolidation or like business combination or reorganization not representing (either by remaining
outstanding or by being converted into voting securities of the applicable surviving or other entity) more than fifty percent (50%) of the combined voting power of the voting securities of the Company (or its successor) (or the ultimate parent
company thereof) outstanding immediately after such merger, consolidation or like business combination or reorganization. Only one (1) Change in Control may occur during the Term. 

(iv) “Continuing Directors” shall mean, as of any date of determination, any member of the Board (including Executive) who
(i) was a member of the Board on the date of this Agreement or (ii) was nominated for election or elected to the Board with the approval of a majority of the Continuing Directors who were members of the Board at the time of such nomination
or election. 
 (v) “Date of Termination” / “Notice of Termination.” Any termination of Executive’s
employment by the Company or by Executive under this Section 4 (other than termination due to death) shall be communicated by a written notice to the other party hereto indicating the specific termination provision in this Agreement relied
upon, setting forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated, and specifying a “Date of Termination” (a “Notice of
Termination”) which, if submitted by Executive, shall be effective at least thirty (30) days following the date of such notice. A Notice of Termination submitted by the Company may provide for a “Date of Termination” on the
date Executive receives the Notice of Termination, or any date thereafter elected by the Company in its sole discretion not to exceed thirty (30) days following the date of such notice. The failure by Executive or the Company to set forth in
the Notice of Termination any fact or circumstance which contributes to a showing of Cause or Good Reason shall not waive any right of Executive or the Company hereunder or preclude Executive or the Company thereafter from asserting such fact or
circumstance within a period of six (6) months from the Date of Termination in order to enforce Executive’s or the Company’s otherwise applicable rights hereunder. 

(vi) “Disability” shall mean Executive’s inability due to a mental or physical impairment to substantially perform his
duties for the Company for ninety (90) consecutive days or one hundred and eighty (180) days in any two (2)-year period. 
 (vii)
“Good Reason” shall mean the occurrence, without Executive’s express written consent, of: (A) the removal of Executive as President or Chief Executive Officer of the Company or an adverse change in Executive’s
reporting obligations; (B) the failure of the Company to nominate Executive for election as a member of the Board or the failure of the Company to use efforts consistent with the Company’s efforts with respect to other members of the
Company’s Board slate to encourage the Company’s stockholders to elect Executive to the Board once nominated; (C) a material diminution in Executive’s employment duties, 

  
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responsibilities or authority, or the assignment to Executive of duties that are materially inconsistent with his position; (D) any reduction in Base Salary or Minimum Bonus, Target Bonus or
Maximum Bonus; or (E) any material breach by the Company of this Agreement; provided, that Executive may terminate his employment for Good Reason only if (I) within ninety (90) days of the date Executive has actual knowledge of
the occurrence of an event of Good Reason, Executive provides written notice of the Company specifying such event, (II) the Company does not cure such event within five (5) business days of such notice if the event is nonpayment of an
amount due to Executive or within sixty (60) days of such notice for other events and (III) Executive terminates his employment within thirty (30) business days of the end of such cure period. 

(viii) “Permitted Holders” shall mean each person or entity (and any affiliate of such person) beneficially owning more than
ten percent (10%) of the Company’s voting stock on the Effective Date. 
 (ix) “Subsidiary” of the Company
shall mean any corporation of which the Company owns, directly or indirectly, more than fifty percent (50%) of the voting stock. 
 (f)
Other Positions. Executive shall immediately resign, and shall be deemed to have immediately resigned without the requirement of any additional action, from any and all position Executive holds (including, if applicable, as a member of the
Board) with the Company and its Affiliates on Executive’s Date of Termination. 
 (g) Breach of Payment Obligation. If the
Company fails (other than pursuant to Section 18) to pay any amount due to Executive (or Executive’s estate) pursuant to this Section 4 as a result of Executive’s termination of employment within the fifteen (15) day period
following written notice by Executive (it being understood and agreed that such notice may not be given until any such material payment has not been paid for at least fifteen (15) days following its scheduled payment date), the restrictions
imposed by Section 7(a)(i) and (ii) shall immediately terminate. 
 5. Confidentiality of Trade Secrets and Business
Information. Executive agrees that Executive shall not, at any time during Executive’s employment with the Company or thereafter, disclose or use any trade secret, proprietary or confidential information of the Company or any Subsidiary of
the Company (collectively, “Confidential Information”) obtained by him during the course of such employment, except for (i) disclosures and uses required in the course of such employment or with the written permission of the
Company, (ii) disclosures with respect to any litigation, arbitration or mediation involving this Agreement, including but not limited to, the enforcement of Executive’s rights under this Agreement, or (iii) as may be required by law
or by any court, arbitrator, mediator or administrative or legislative body (including any committee thereof) with apparent jurisdiction to order such disclosure; provided, that, if, in any circumstance described in clause (iii), Executive
receives notice that any third party shall seek to compel him by process of law to disclose any Confidential Information, Executive shall promptly notify the Company and provide reasonable cooperation to the Company (at the Company’s sole
expense) in seeking a protective order against such disclosure. Notwithstanding the foregoing, “Confidential Information” shall not include information that is or becomes publicly known outside the Company or any of its subsidiaries other
than due to a breach of Executive’s obligations under this paragraph. 

  
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 6. Return of Information. Executive agrees that at the time of any termination of
Executive’s employment with the Company or expiration of the Term, whether at the instance of Executive or the Company, and regardless of the reasons therefore, Executive shall deliver to the Company (at the Company’s expense), any and all
notes, files, memoranda, papers and, in general, any and all physical (including electronic) matter containing Confidential Information that are in Executive’s possession or under Executive’s control, except as otherwise consented in
writing by the Company at the time of such termination. The foregoing shall not prevent Executive from retaining copies of personal diaries, personal notes, personal address books, personal calendars, and any other personal information (including,
without limitation, information relating to Executive’s compensation), but only to the extent such copies do not contain any Confidential Information other than that which relates directly to Executive, including his compensation. 

7. Noncompetition, Noninterference, Nondisparagement and Cooperation. 

(a) General. In consideration for the compensation payable to Executive under this Agreement, Executive agrees that Executive shall not,
other than in carrying out his duties hereunder, directly or indirectly, do any of the following (i) during Executive’s employment with the Company and its Subsidiaries and for a period of one (1) year after any termination of such
employment, render services in any capacity (including as an employee, director, member, consultant, partner, investor or independent contractor) to a Competitor, (ii) during Executive’s employment with the Company and its Subsidiaries and
for a period of two (2) years after any termination of such employment, attempt to, or assist any other person in attempting to, employ, engage, retain or partner with, any person who is then, or at any time during the ninety (90) day-period prior thereto was, a director, officer or other executive of the Company or a Subsidiary, or encourage any such person or any consultant, agent or independent contractor of the Company or any
Subsidiary to terminate or adversely alter or modify such relationship with the Company or any Subsidiary; provided, that this section (ii) shall not be violated by general advertising, general internet postings or other general
solicitation in the ordinary course not specifically targeted at such persons, or (iii) during Executive’s employment with the Company and its Subsidiaries and for a period of two (2) years after any termination of employment, solicit
any then current customer (excluding any patrons of the Company’s amusement parks) or business partner of the Company or any Subsidiary to terminate, alter or modify its relationship with the Company or the Subsidiary or to interfere with the
Company’s or any Subsidiary’s relationships with any of its customers or business partners. During the Term and for two (2) years thereafter, Executive agrees not to make any public statement that is intended to or would reasonably be
expected to disparage the Company, its Affiliates or its or their directors, officers, employees, businesses or products other than as required in the good faith discharge of his duties hereunder. During the Term and for two (2) years
thereafter, the Company (including directors and officers of the Company in their capacity as such) agrees that it shall not make any public statement that is intended to or would reasonably be expected to disparage Executive. At the request of
Executive, the Company shall direct its directors and officers to not make any statements that would violate this Section 7(a) if they were made by the Company and shall use its commercially reasonable efforts to enforce such direction.
Notwithstanding the foregoing, nothing in this Section 7(a) shall prevent any person from (A) responding publicly to any incorrect, disparaging or derogatory public statement made by or on behalf of the other party to the extent reasonably
necessary to correct or refute such public statement or (B) making any truthful statement to the extent required by law. Nothing in this Agreement is intended to or will be used in any way to limit Executive’s rights to communicate with a
government agency, as provided for, protected under or warranted by applicable law. 

  
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 (b) Cooperation. Executive agrees to cooperate, in a reasonable manner and at the
expense of the Company, with the Company and its attorneys, both during and after the termination of Executive’s employment, in connection with any litigation or other proceeding arising out of or relating to matters in which Executive was
involved prior to the termination of Executive’s employment so long as such cooperation does not materially interfere with Executive’s employment or consulting. In the event that such cooperation is required after the termination of
Executive’s employment with the Company and its Subsidiaries, the Company shall pay Executive at the rate of $7,500.00 per day and out-of-pocket expenses approved
in advance by the Company after presentation by Executive of reasonable documentation related thereto. 
 (c) Definition. For purposes
of this Agreement, “Competitor” shall mean any business or enterprise in the theme park business, which shall include, without limitation, amusement and water parks. Notwithstanding the foregoing, Executive’s provision of
services to an Affiliate or business unit of a Competitor that is not directly engaged in the theme park business shall not be a violation of the restrictions of this Section 7 so long as Executive does not provide material services in respect
of the theme park business and does not have material direct or indirect managerial or oversight responsibility or authority for the theme park business. Nothing contained herein shall prevent Executive from acquiring, solely as an investment, any
publicly-traded securities of any person so long as he remains a passive investor in such person and does not own more than one percent (1%) of the outstanding securities thereof. 

8. Enforcement. Executive acknowledges and agrees that: (i) the purpose of the covenants set forth in Sections 5 through 7 above
(the “Restrictive Covenants”) is to protect the goodwill, trade secrets and other confidential information of the Company; (ii) because of the nature of the business in which the Company is engaged and because of the nature of
the Confidential Information to which Executive has access, it would be impractical and excessively difficult to determine the actual damages of the Company in the event Executive breached any such covenants; and (iii) remedies at law (such as
monetary damages) for any breach of Executive’s obligations under the Restrictive Covenants would be inadequate. Executive therefore agrees and consents that if Executive commits any breach of a Restrictive Covenant, the Company shall have the
right (in addition to, and not in lieu of, any other right or remedy that may be available to it) to temporary and permanent injunctive relief from a court of competent jurisdiction, without posting any bond or other security and without the
necessity of proof of actual damage. If any portion of the Restrictive Covenants is hereafter determined to be invalid or unenforceable in any respect, such determination shall not affect the remainder thereof, which shall be given the maximum
effect possible and shall be fully enforced, without regard to the invalid portions. In particular, without limiting the generality of the foregoing, if the covenants set forth in Section 7 are found by a court or an arbitrator to be
unreasonable, Executive and the Company agree that the maximum period, scope or geographical area that is found to be reasonable shall be substituted for the stated period, scope or area, and that the court or arbitrator shall revise the
restrictions contained herein to cover the maximum period, scope and area permitted by law. If any of the Restrictive Covenants are determined to be wholly or partially unenforceable in any jurisdiction, such determination shall not be a bar to or
in any way diminish the Company’s right to enforce any such covenant in any other jurisdiction. 

  
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 9. Indemnification. 

(a) The Company agrees that if Executive is made a party to, is threatened to be made a party to, receives any legal process in, or receives
any discovery request or request for information in connection with, any action, suit or proceeding, whether civil, criminal, administrative or investigative, excluding any action instituted by Executive, any action related to any actual violation
of Section 16 of the Exchange Act by Executive or any action brought by the Company for compensation or damages related to Executive’s breach of this Agreement (a “Proceeding”), by reason of the fact that he was a
director, officer, employee, consultant or agent of the Company, or was serving at the request of, or on behalf of, the Company as a director, officer, member, employee, consultant or agent of another corporation, limited liability corporation,
partnership, joint venture, trust or other entity, including service with respect to employee benefit plans, whether or not the basis of such Proceeding is Executive’s alleged action in an official capacity while serving as a director, officer,
member, employee, consultant or agent of the Company or other entity, Executive shall be indemnified and held harmless by the Company to the fullest extent permitted or authorized by the Company’s certificate of incorporation or by-laws or, if greater, by applicable law, against any and all costs, expenses, liabilities and losses (including, without limitation, attorneys’ fees reasonably incurred, judgments, fines, taxes or penalties
and amounts paid or to be paid in settlement and any reasonable cost and fees incurred in enforcing his rights to indemnification or contribution) incurred or suffered by Executive in connection therewith, and such indemnification shall continue as
to Executive even though he has ceased to be a director, officer, member, employee, consultant or agent of the Company or other entity and shall inure to the benefit of Executive’s heirs, executors and administrators. The Company shall
reimburse Executive for all costs and expenses (including, without limitation, reasonable attorneys’ fees) incurred by him in connection with any Proceeding within twenty (20) business days after receipt by the Company of a written request
for such reimbursement and appropriate documentation associated with these expenses. Such request shall include an undertaking by Executive to repay the amount of such advance if it shall ultimately be determined that he is not entitled to be
indemnified against such costs and expenses; provided, that the amount of such obligation to repay shall be limited to the after-tax amount of any such advance except to the extent Executive is able to
offset such taxes incurred on the advance by the tax benefit, if any, attributable to a deduction for repayment. 
 (b) Neither the failure
of the Company (including the Board or the Company’s independent legal counsel or stockholders) to have made a determination prior to the commencement of any proceeding concerning payment of amounts claimed by Executive under Section 9(a)
above that indemnification of Executive is proper because he has met the applicable standard of conduct, nor a determination by the Company (including the Board or the Company’s independent legal counsel or stockholders) that Executive has not
met such applicable standard of conduct, shall create a presumption or inference that Executive has not met the applicable standard of conduct. 

(c) The Company agrees to continue and maintain a directors’ and officers’ liability insurance policy covering Executive at a level,
and on terms and conditions, no less favorable to him than the coverage the Company provides other similarly-situated executives for six (6) years after Executive’s Date of Termination or such longer statute of limitation period. 

  
 11 

 (d) Nothing in this Section 9 shall be construed as reducing or waiving any right to
indemnification, or advancement of expenses, Executive would otherwise have under the Company’s certificate of incorporation or by-laws or under applicable law. 

10. Arbitration. Subject to Section 8, in the event that any dispute arises between the Company and Executive regarding or relating
to this Agreement and/or any aspect of Executive’s employment relationship with the Company, the parties consent to resolve such dispute through mandatory arbitration under the Commercial Rules of the American Arbitration Association
(“AAA”), before a single arbitrator in Dallas, Texas. The parties hereby consent to the entry of judgment upon award rendered by the arbitrator in any court of competent jurisdiction. Notwithstanding the foregoing, should adequate
grounds exist for seeking immediate injunctive or immediate equitable relief, any party may seek and obtain such relief. The parties hereby consent to the exclusive jurisdiction of the state and Federal courts of or in the State of Texas for
purposes of seeking such injunctive or equitable relief as set forth above. Out-of-pocket costs and expense reasonably incurred by Executive in connection with such
arbitration (including attorneys’ fees) shall be paid by the Company with respect to each claim on which the arbitrator determines Executive prevails. 

11. Mutual Representations. 

(a) Executive acknowledges that before signing this Agreement, Executive was given the opportunity to read it, evaluate it and discuss it with
Executive’s personal advisors. Executive further acknowledges that the Company and its advisors have not provided Executive with any legal or tax advice regarding this Agreement. 

(b) Executive represents and warrants to the Company that the execution and delivery of this Agreement and the fulfillment of the terms hereof
(i) shall not constitute a default under, or conflict with, any agreement or other instrument to which he is a party or by which he is bound and (ii) as to his execution and delivery of this Agreement do not require the consent of any
other person. 
 (c) The Company represents and warrants to Executive that (i) the execution, delivery and performance of this Agreement
by the Company has been fully and validly authorized by all necessary corporate action, (ii) the person signing this Agreement on behalf of the Company is duly authorized to do so, (iii) the execution, delivery and performance of this
Agreement does not violate any applicable law, regulation, order, judgment or decree or any agreement, plan or corporate governance document to which the Company is a party or by which it is bound and (iv) upon execution and delivery of this
Agreement by the parties, it shall be a valid and binding obligation of the Company enforceable against it in accordance with its terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency or similar laws
affecting the enforcement of creditors’ rights generally. 
 (d) Each party hereto represents and warrants to the other that this
Agreement constitutes the valid and binding obligations of such party enforceable against such party in accordance with its terms. 

  
 12 

 12. Notices. All notices and other communications required or permitted hereunder
shall be in writing and shall be deemed given when delivered (i) personally, (ii) by registered or certified mail, postage prepaid with return receipt requested, (iii) by facsimile with evidence of completed transmission, or
(iv) delivered by overnight courier to the party concerned at the address indicated below or to such changed address as such party may subsequently give such notice of: 

 

			
	If to the Company:	  	 Six Flags Entertainment Corporation.
 1000
Ballpark Way, Suite 400
 Arlington, Texas 76011
 Phone: (972) 595-5000
 Attention: General Counsel

		
	If to Executive:	  	[At the address on file with the Company]
		
	with a copy (which shall not constitute notice) to:	  	 Morrison Cohen LLP
 909 Third Avenue, 27th
floor
 New York, NY 10022
 Attn: Jeff Laska

Email: jlaska@morrisoncohen.com

 13. Assignment and Successors. This Agreement is personal in its nature and none of the parties
hereto shall, without the consent of the others, assign or transfer this Agreement or any rights or obligations hereunder; provided, however, that in the event of a Change in Control or any merger, consolidation, or transfer or sale of all or
substantially all of the assets of the Company with or to any other individual(s) or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor, and such successor shall discharge and
perform all the promises, covenants, duties, and obligations of the Company hereunder, and such transferee or successor shall be required to assume such obligations by contract (unless such assumption occurs by operation of law). Anything herein to
the contrary notwithstanding, Executive shall be entitled to select (and change, to the extent permitted under any applicable law) a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following Executive’s
death or judicially determined incompetence by giving the Company written notice thereof. In the event of Executive’s death or a judicial determination of his incompetence, reference in this Agreement to Executive shall be deemed, where
appropriate, to refer to his beneficiary, estate or other legal representative. 
 14. Governing Law; Amendment. This Agreement shall
be governed by and construed in accordance with the laws of the State of Texas, without reference to principles of conflict of laws. This Agreement may not be amended or modified except by a written agreement executed by Executive and the Company or
their respective successors and legal representatives. 
 15. Severability. The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. If any provision of this Agreement shall be held invalid or unenforceable in part, the remaining portion of such provision, together with all
other provisions of this Agreement, shall remain valid and enforceable and continue in full force and effect to the fullest extent consistent with law. 

  
 13 

 16. Tax Withholding. Notwithstanding any other provision of this Agreement, the
Company may withhold from amounts payable under this Agreement all federal, state, local and foreign taxes that are required to be withheld by applicable laws or regulations. 

17. No Waiver. Executive’s or the Company’s failure to insist upon strict compliance with any provision of, or to assert any
right under, this Agreement shall not be deemed to be a waiver of such provision or right or of any other provision of or right under this Agreement. Any provision of this Agreement may be waived by the parties hereto; provided, that any
waiver by any person of any provision of this Agreement shall be effective only if in writing and signed by each party and such waiver must specifically refer to this Agreement and to the terms or provisions being modified or waived. 

18. No Mitigation. In no event shall Executive be obligated to seek other employment or take other action by way of mitigation of the
amounts payable to Executive under any of the provisions of this Agreement and, except as set forth herein, such amounts shall not be subject to offset or otherwise reduced whether or not Executive obtains other employment. The Company’s
obligation to make any payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company have against Executive for any reason; provided, that
the Company may cease making the payments or providing the benefits, in each case, under Section 4 if Executive materially breaches the provisions of Sections 5, 6 and 7 and, if curable, does not cure such breach within fifteen (15) days
after written notice from the Company. 
 19. Section 409A. This Agreement is intended to satisfy the requirements
of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) with respect to amounts, if any, subject thereto and shall be interpreted and construed and shall be performed by the parties
consistent with such intent. To the extent Executive would otherwise be entitled to any payment under this Agreement, or any plan or arrangement of the Company or its Affiliates, that constitutes a “deferral of compensation” subject to
Section 409A and that if paid during the six (6) months beginning on the Date of Termination of Executive’s employment would be subject to the Section 409A additional tax because Executive is a “specified employee”
(within the meaning of Section 409A and as determined by the Company), the payment will be paid to Executive on the earlier of the six (6) month anniversary of his Date of Termination or death. To the extent Executive would otherwise be
entitled to any benefit (other than a payment) during the six (6) months beginning on termination of Executive’s employment that would be subject to the Section 409A additional tax, the benefit will be delayed and will begin being
provided on the earlier of the first day following the six (6) month anniversary of Executive’s Date of Termination or death. Any payment or benefit due upon a termination of employment that represents a “deferral of
compensation” within the meaning of Section 409A shall be paid or provided only upon a “separation from service” as defined in Treasury Regulation § 1.409A-1(h). Each payment made
under this Agreement shall be deemed to be a separate payment for purposes of Section 409A. Amounts payable under this Agreement shall be deemed not to be a “deferral of compensation” subject to Section 409A to the extent
provided in the exceptions in Treasury Regulation §§ 1.409A-1(b)(4) (“Short-Term Deferrals”) and (b)(9) (“Separation Pay Plans,” including the exception under
subparagraph (iii)) and other applicable provisions of Treasury Regulation § 1.409A-1 through A-6. Notwithstanding anything to the contrary in this Agreement or
elsewhere, any payment or benefit under this Agreement or otherwise that is exempt from Section 409A pursuant 

  
 14 

 
to Treasury Regulation § 1.409A-1(b)(9)(v)(A) or (C) (relating to certain reimbursements and in-kind benefits)
shall be paid or provided only to the extent that the expenses are not incurred, or the benefits are not provided, beyond the last day of the second calendar year following the calendar year in which Executive’s “separation from
service” occurs; and provided, further, that such expenses are reimbursed no later than the last day of the third calendar year following the calendar year in which Executive’s “separation from service” occurs. To
the extent any expense reimbursement (including, without limitation, any reimbursement of interest or penalties related to taxes) or the provision of any in-kind benefit is determined to be subject to
Section 409A (and not exempt pursuant to the prior sentence or otherwise), the amount of any such expenses eligible for reimbursement, or the provision of any in-kind benefit, in one calendar year shall
not affect the expenses eligible for reimbursement in any other calendar year (except for any life-time or other aggregate limitation applicable to medical expenses), in no event shall any expenses be reimbursed after the last day of the calendar
year following the calendar year in which Executive incurred such expenses, and in no event shall any right to reimbursement or the provision of any in-kind benefit be subject to liquidation or exchange for
another benefit. 
 20. Headings. The Section headings contained in this Agreement are for convenience only and in no manner shall be
construed as part of this Agreement. 
 21. Entire Agreement. This Agreement, together with the exhibits hereto, constitutes the
entire agreement of the parties with respect to the subject matter hereof and shall supersede all prior agreements, whether written or oral, with respect thereto. In the event of any inconsistency between the terms of this Agreement and the terms of
any other Company plan, policy, equity grant, arrangement or agreement with Executive, the provisions most favorable to Executive shall govern. 

22. Duration of Terms. The respective rights and obligations of the parties hereunder shall survive any termination of Executive’s
employment to the extent necessary to give effect to such rights and obligations. 
 23. Counterparts. This Agreement may be executed
simultaneously in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 

24. Certain Change in Control Payments. Notwithstanding any provision of this Agreement to the contrary, if any payments or benefits
Executive would receive from the Company under this Agreement or otherwise in connection with the Change in Control (the “Total Payments”) (a) constitute “parachute payments” within the meaning of Section 280G of the
Code, and (b) but for this Section 24, would be subject to the excise tax imposed by Section 4999 of the Code, then Executive will be entitled to receive either (i) the full amount of the Total Payments or (ii) a portion of
the Total Payments having a value equal to $1 less than three (3) times such individual’s “base amount” (as such term is defined in Section 280G(b)(3)(A) of the Code), whichever of (i) and (ii), after taking into
account applicable federal, state, and local income taxes and the excise tax imposed by Section 4999 of the Code, results in the receipt by such employee on an after-tax basis, of the greatest portion of
the Total Payments. Any determination required under this Section 24 shall be made in writing by the accountant or tax counsel selected by the Company. If there is a reduction pursuant to this Section 24 of the Total Payments to be
delivered 

  
 15 

 
to Executive and to the extent that an ordering of the reduction other than by Executive is required by Section 19 or other tax requirements, the payment reduction contemplated by the
preceding sentence shall be implemented by determining the “Parachute Payment Ratio” (as defined below) for each “parachute payment” and then reducing the “parachute payments” in order beginning with the “parachute
payment” with the highest Parachute Payment Ratio. For “parachute payments” with the same Parachute Payment Ratio, such “parachute payments” shall be reduced based on the time of payment of such “parachute
payments,” with amounts having later payment dates being reduced first. For “parachute payments” with the same Parachute Payment Ratio and the same time of payment, such “parachute payments” shall be reduced on a pro rata
basis (but not below zero) prior to reducing “parachute payments” with a lower Parachute Payment Ratio. For purposes hereof, the term “Parachute Payment Ratio” shall mean a fraction the numerator of which is the value of the
applicable “parachute payment” for purposes of Section 280G of the Code and the denominator of which is the actual present value of such payment. 

[Signature page follows] 

  
 16 

 IN WITNESS WHEREOF, Executive and the Company have caused this Agreement to be executed as
of the date first above written. 
  

			
	SIX FLAGS ENTERTAINMENT CORPORATION
		
	By:	 	 /s/ Laura W. Doerre

	Name:	 	Laura W. Doerre
	Title:	 	Executive Vice President, General Counsel
		 	and Chief Administrative Officer
	
	EXECUTIVE
	
	 /s/ Selim A. Bassoul

	Selim A. Bassoul

 [Signature Page to Employment Agreement] 

 EXHIBIT A 

PERFORMANCE STOCK UNIT AGREEMENT 

PURSUANT TO THE 

SIX FLAGS ENTERTAINMENT CORPORATION LONG-TERM INCENTIVE PLAN 

* * * * * 
 Participant: Selim A.
Bassoul 
 Grant Date: November 15, 2021 

Number of Target Performance Stock Units (“Target PSUs”): 50,000 

Performance Period: January 1, 2022 - December 31, 2024 

* * * * * 
 THIS PERFORMANCE STOCK UNIT
AGREEMENT (this “Agreement”), dated as of the Grant Date specified above, is entered into by and between Six Flags Entertainment Corporation, a corporation organized under the laws of the State of Delaware (the
“Company”), and the Participant specified above, pursuant to the Six Flags Entertainment Corporation Long-Term Incentive Plan, as in effect and as amended from time to time (the “Plan”), which is administered by the
Committee. 
 WHEREAS, it has been determined under the Plan that it is in the best interests of the Company to grant the Performance Stock Units
(“PSUs”) provided herein to the Participant. 
 NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth
and for other good and valuable consideration, the parties hereto hereby mutually covenant and agree as follows: 
 1. Incorporation By
Reference; Plan Document Receipt. Except as set forth in the last sentence of this Section 1, this Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto
adopted at any time and from time to time unless such amendments are expressly intended not to apply to the Award provided hereunder), all of which terms and provisions are made a part of and incorporated in this Agreement as if they were each
expressly set forth herein. Any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read
the Plan carefully and fully understands its content. In the event of any conflict between the terms of this Agreement and the terms of the Plan, the terms of this Agreement shall control. 

  
 A-1 

 2. Grant of Performance Stock Unit Award. The Company hereby grants to the
Participant, as of the Grant Date specified above, a number of PSUs equal to the Target PSU amount set forth above. Each PSU corresponds to one share of Company Stock that may be issued in the future upon achievement of the Performance Goals.
Depending on the extent to which the performance conditions set forth on Exhibit A hereto (the “Performance Conditions”) are achieved during the Performance Period, as determined by the Committee, the PSUs may result in the
Participant earning as few as zero shares of Company Stock or as many as 1,200,000 shares of Company Stock (the PSUs that actually become earned based on the achievement of the Performance Conditions are referred to herein as the “Earned
PSUs”). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of
the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Company Stock underlying the PSUs, except as otherwise
specifically provided for in the Plan or this Agreement. 
 3. Forfeiture. Subject to the remainder of this Section 3, all
PSUs that have not become Earned PSUs shall be immediately forfeited without consideration upon the Participant’s termination of employment for any reason, and the Participant shall have no right to receive the underlying shares of Company
Stock with respect to such PSUs. Notwithstanding the foregoing, in the event the Participant’s employment is terminated during the Performance Period by the Company without Cause (as defined in that certain Employment Agreement between the
Participant and the Company dated November 14, 2021 (the “Employment Agreement”)), by the Participant for Good Reason (as defined in the Employment Agreement) or due to the Participant’s death or Disability (as defined in
the Employment Agreement) (each such termination, a “Good Leaver Termination”), the Participant shall receive (x) the PSUs, if any, that have become Earned PSUs as of the date of such termination and (y) if such Good
Leaver Termination occurs on or after July 1st of any year during the Performance Period, any PSUs that become Earned PSUs in respect of the calendar year in which such Good Leaver Termination occurs, determined on the December 31st of the calendar
year in which Good Leaver Termination occurs (the “Tail RSUs”). In the event the Participant’s employment is terminated due to the Participant’s resignation without Good Reason, the Participant shall receive a pro-rated portion of the PSUs that have become Earned PSUs as of the date of such termination, equal to such number of Earned PSUs, if any, multiplied by a fraction, the numerator of which is the
number of days between the Grant Date and such date of termination, and the denominator of which is one thousand ninety-five (1,095), but shall not receive any Tail RSUs. For the avoidance of doubt, in the event the Participant’s employment is
terminated by the Company for Cause at any time prior to the last day of the Performance Period (the “Performance Period End Date”), all unvested PSUs, including all Earned PSUs, shall be immediately forfeited without consideration,
and the Participant shall have no right to any Tail RSUs. 
 4. Delivery of Shares. Within thirty (30) days following the
end of the calendar year that includes the earlier to occur of (i) the termination of the Participant’s employment other than for Cause, or (ii) the Performance Period End Date (the “Payment Date”), the Participant
shall receive the number of shares of Company Stock that correspond to the number of PSUs that have become Earned PSUs as of December 31st of such calendar year. For purposes of clause (i) of
the immediately preceding sentence, the termination of the Participant’s employment shall only give rise to a Payment Date if such termination constitutes a “separation from service” within the meaning of Section 409A (as defined
below). No fractional shares of Company Stock shall be delivered under this Agreement, and any fractional share that may be deliverable shall be rounded to the nearest whole share. 

  
 A-2 

 5. Rights as Stockholder. Except as otherwise provided herein, the Participant
shall have no rights as a stockholder (including, without limitation, dividend and voting rights) with respect to any shares of Company Stock covered by any PSU unless and until the Participant has become the holder of record of such shares of
Company Stock underlying the PSUs. Further, the PSUs subject to this grant shall not be credited with Dividend Equivalent Rights. 
 6.
Non-Transferability. No portion of the PSUs may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Participant, other than to the Company as a result of forfeiture of the
PSUs as provided herein, unless and until payment is made in respect of Earned PSUs in accordance with the provisions hereof and the Participant has become the holder of record of the shares of Company Stock issuable hereunder. 

7. Termination for Cause; Covenant Breach; Restatements. 

(a) Consequences of a For Cause Termination. If (x) the Participant’s employment is terminated for Cause, or
(y) the Participant breaches Sections 5 or 7 of the Employment Agreement or materially breaches Section 6 of the Employment Agreement at any time during the Term (as defined in the Employment Agreement) or during the two-year period (or, in the case of a breach of Section 7(a)(i) of the Employment Agreement, during the one-year period) following termination of employment for any
reason (a “Covenant Breach”), then: 
 (i) The Participant shall immediately forfeit all outstanding PSUs awarded pursuant
to this Agreement (including, for the avoidance of doubt, any Earned PSUs) and shall have no right to receive the underlying Shares; and 

(ii) If the delivery of Shares underlying any PSUs has occurred and the Participant’s employment is terminated for Cause within 90 days
thereafter or the Participant engages in a Covenant Breach, the Participant shall repay and transfer to the Company (A) the number of Shares issued to the Participant under this Agreement (the “Forfeited Shares”), which shall
include, with respect to any Forfeited Shares that have been sold by the Participant prior to the Company’s demand for repayment, the repayment by the Participant to the Company of 100% of the proceeds of such sale or sales, plus (B) the
amount of cash equal to the withholding taxes paid by withholding and/or selling Shares (if any) from the Participant on the respective Payment Date. 

(b) Restatement of Financial Statements. In addition to the other provisions in this
Section 7, this Agreement, or the Plan (including without limitation Section 15 of the Plan), the PSUs and any Shares issued under the PSUs shall be subject to any policies of the Company in effect on the Grant Date or adopted by the
Company at any time thereafter that provide for forfeiture of the PSUs and recoupment of any Shares issued under the PSUs or of any gain received by the Participant in connection with the sale of Shares received under the PSUs in the event of any
restatement of the Company’s financial statements or other triggering event under such policies. 

  
 A-3 

 (c) Nonsolicitation; Noncompetition. 

(i) During the term of employment and for a period of two (2) years following Participant’s Termination, Participant agrees that he
will not individually or on behalf of his employer or any other person or entity, directly or indirectly, solicit, divert, or recruit any employee or officer of Company or any Subsidiary, or induce any employee of Company or any Subsidiary, to
terminate his employment. In addition, during the term of employment and for a period of one (1) year following Participant’s Termination, Participant agrees that he will not, directly or indirectly, as an employee, consultant, principal,
agent, trustee or otherwise engage in any business through a corporation, partnership or other entity that competes directly with any business that is conducted by Company or any Subsidiary (the “Competing Business”) and that
(x) Participant was directly or indirectly engaged in on behalf of Company or any Subsidiary or (y) Participant obtained confidential information regarding during the course of his employment (the “Restricted Business”). The
restrictions in this Section 7(c)(i) are further limited geographically to any country in which Company or any Subsidiary engages in the Restricted Business. 

(ii) The Company has attempted to place the most reasonable limitations on Participant’s subsequent employment opportunities consistent
with the protection of Company’s valuable trade secrets, business interests, and goodwill. In order to accommodate Participant in obtaining subsequent employment, the Company may, in its discretion, grant a waiver of one or more of the
restrictions on subsequent employment contained in this Section 7(c). A request for waiver shall be in writing and must be received by the Company at least forty-five (45) days before the proposed starting date of the employment for
which Participant is seeking a waiver. The request must include the full name and address of the organization with which Participant is seeking employment; the department or area in which Participant proposes to work; the position or job
title to be held by Participant; and a complete description of the duties Participant expects to perform for such employer. If Company decides to grant a waiver (which decision shall be solely within Company’s discretion), the waiver may
be subject to such restrictions or conditions as the Company may impose. 
 (d) Determinations. The Committee shall make
all determinations regarding this Section 7, other than a determination as to whether the Participant was terminated for Cause or committed a Covenant Breach, each of which shall be determined in accordance with the Employment Agreement, and
the determinations by the Committee shall be final and binding on all parties. 
 (e) Company and its Affiliates. All
references in this Section 7 to the Company shall include the Company and any of its Subsidiaries and Affiliates. 
 8. Governing
Law. All questions concerning the construction, validity and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, without regard to the choice of law principles thereof.

  
 A-4 

 9. Withholding of Tax. Any amount that the Company may be required to withhold
upon the vesting or earning of PSUs, distribution of shares of Company Stock or any relevant tax withholding event with respect to PSUs in respect of applicable federal, state, local and foreign taxes of any kind (including, but not limited to, the
Participant’s FICA and SDI obligations) must be paid in full at the time of the issuance of Shares or such relevant tax withholding time. Unless Participant makes other arrangements to satisfy this withholding obligation in accordance with
procedures approved by the Company in its discretion or the Company determines otherwise, such portion of the Shares as is necessary to satisfy the required withholding obligation related to the settlement of the PSUs will be sold into the market
pursuant to a “sell to cover” tax arrangement. The Participant hereby authorizes withholding from payroll and any other amounts payable to the Participant and hereby authorizes and agrees to make adequate provision for any “sell to
cover” tax arrangement consistent with this Section 9. 
 10. Legend. The Company may at any time place legends
referencing any applicable federal, state or foreign securities law restrictions on all certificates representing shares of Company Stock issued pursuant to this Agreement. The Participant shall, at the request of the Company, promptly present to
the Company any and all certificates representing shares of Company Stock acquired pursuant to this Agreement in the possession of the Participant in order to carry out the provisions of this Section 10. 

11. Electronic Delivery and Acceptance. Participant hereby consents and agrees to electronic delivery of any Plan documents,
proxy materials, annual reports and other related documents. Participant hereby consents to any and all procedures that the Company has established or may establish for an electronic signature system for delivery and acceptance of Plan
documents (including documents relating to any programs adopted under the Plan), and agrees that his electronic signature is the same as, and shall have the same force and effect as, his manual signature. Participant consents and agrees that
any such procedures and delivery may be effected by a third party engaged by the Company to provide administrative services related to the Plan, including any program adopted under the Plan. 

12. Entire Agreement; Amendment. This Agreement, together with the Plan and the Employment Agreement, contains the entire
agreement between the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter. The Committee shall
have the right to modify or amend this Agreement from time to time in accordance with and as provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Company and the Participant. The Company shall give
written notice to the Participant of any such modification or amendment of this Agreement as soon as practicable after the adoption thereof. 

13. Notices. Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed
duly given only upon receipt thereof by the General Counsel of the Company. Any notice hereunder by the Company shall be deemed duly given upon delivery thereof to such address as the Participant may have on file with the Company. 

14. No Right to Employment or Service. Any questions as to whether and when there has been a termination of employment and the
cause of such termination shall be determined by the Committee. Nothing in this Agreement shall interfere with or limit in any way the right of the Company, its Subsidiaries or its Affiliates to terminate the Participant’s employment or service
at any time, for any reason and with or without Cause. 

  
 A-5 

 15. Transfer of Personal Data. The Participant authorizes, agrees and
unambiguously consents to the transmission by the Company (or any Subsidiary) of any personal data information related to the PSUs awarded under this Agreement for legitimate business purposes (including, without limitation, the administration of
the Plan). This authorization and consent is freely given by the Participant. 
 16. Compliance with Laws. The grant of PSUs
and the issuance of shares of Company Stock hereunder shall be subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the
provisions of the Securities Act of 1933, as amended, the Exchange Act and, in each case, any respective rules and regulations promulgated thereunder) and any other law, rule, regulation or exchange requirement applicable thereto. The Company shall
not be obligated to issue the PSUs or any shares of Company Stock pursuant to this Agreement if any such issuance would violate any such requirements. As a condition to the settlement of the PSUs, the Company may require the Participant to satisfy
any qualifications that may be necessary or appropriate to evidence compliance with any applicable law or regulation. 
 17. Binding
Agreement; Assignment. This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any
part of this Agreement without the prior express written consent of the Company. 
 18. Headings. The titles and headings of
the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of this Agreement. 

19. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original,
but all of which shall constitute one and the same instrument. 
 20. Further Assurances. Each party hereto shall do and
perform (or shall cause to be done and performed) all such further acts and shall execute and deliver all such other agreements, certificates, instruments and documents as either party hereto reasonably may request in order to carry out the intent
and accomplish the purposes of this Agreement and the Plan and the consummation of the transactions contemplated thereunder. 
 21.
Severability. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity,
legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 

22. No Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any
time; (b) the Award of PSUs made under this Agreement is completely independent of any other award or grant and is made in the discretion of the Company; (c) no past grants or awards (including, without limitation, the PSUs awarded
hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such
salary in the event of severance, redundancy or resignation. 

  
 A-6 

 23. Section 409A. Notwithstanding anything
herein or in the Plan to the contrary, the PSUs granted pursuant to this Agreement are intended to comply with the applicable requirements of Section 409A of the Code and the applicable Treasury regulations and administrative guidance issued
thereunder (collectively, “Section 409A”) and shall be limited, construed and interpreted in accordance with such intent. If the Participant is deemed to be a “specified employee” within the meaning of
Section 409A, as determined by the Committee, at a time when the Participant becomes eligible for settlement of the PSUs upon his or her “separation from service” within the meaning of Section 409A, then to the extent necessary
to prevent any accelerated or additional tax under Section 409A, such settlement will be delayed until the earlier of: (a) the date that is six (6) months following the Participant’s separation from service and (b) the
Participant’s death. Notwithstanding the foregoing, the Company and its Affiliates make no representations that the PSUs provided under this Agreement are compliant with Section 409A and in no event shall the Company or any Affiliate be
liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Participant on account of non-compliance with Section 409A. 

* * * * * 

  
 A-7 

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

			
	SIX FLAGS ENTERTAINMENT CORPORATION
		
	By:	 	  

	Name:	 	Laura W. Doerre
	Title:	 	Executive Vice President, General
		 	Counsel & Chief Administrative Officer
	
	PARTICIPANT
	
	  

	Selim A. Bassoul

 SIGNATURE PAGE TO 

PERFORMANCE STOCK UNIT AGREEMENT 

 EXHIBIT A 

The Performance Goals applicable to the PSUs are based on (1) Adjusted EBITDA during the Performance Period, and (2) achievement of operational
goals during the Performance Period, consisting of (i) Guest Satisfaction and (ii) ESG Achievement, as more fully described below. 

1. Earned PSUs. Subject to Section 7 of the Agreement, the number of PSUs that become Earned PSUs shall be determined as the
sum of (a) the Adjusted EBITDA Earned Amount, as determined pursuant to Section 2, and (b) the Guest Satisfaction Opportunity and ESG Achievement Opportunity, as determined pursuant to Section 3; provided, however,
that the total number of Earned PSUs shall not exceed 1,200,000 PSUs. 
 2. Adjusted EBITDA Earned Amount. 

(a) The “Adjusted EBITDA Earned Amount” shall be a number of PSUs determined as follows, based on achievement of the
applicable level of Adjusted EBITDA on the Adjusted EBITDA Determination Date (as defined below) (the “Adjusted EBITDA Performance Goals”): 
  

					
	 Adjusted EBITDA Performance Goal:
	  	Cumulative Adjusted EBITDA Earned Amount:	 
	 [***]
	  	 	[	***] 
	 [***]
	  	 	[	***] 
	 [***]
	  	 	[	***] 
	 [***]
	  	 	[	***] 
	 [***]
	  	 	[	***] 

 If the level of Adjusted EBITDA achieved by the Company on any Adjusted EBITDA Determination Date is between any two Adjusted
EBITDA Performance Goals set forth in the above table, the Adjusted EBITDA Earned Amount for such Adjusted EBITDA Determination Date shall be determined as follows, which amount will be net of any PSUs that previously became Earned PSUs: 

([***]) 
 (b) Determination of Adjusted
EBITDA. Adjusted EBITDA shall be determined by the Committee following the end of each calendar year that occurs during the Performance Period, commencing with the calendar year ending December 31, 2022 (each, an “Adjusted EBITDA
Determination Date”). Upon any Adjusted EBITDA Determination Date on which the Committee determines that an Adjusted EBITDA Performance Goal has been achieved, a number of PSUs equal to the Adjusted EBITDA Earned Amount corresponding to
such Adjusted EBITDA Performance Goal shall be designated as Earned PSUs. Except as otherwise set forth in Section 3 of the Agreement, Earned PSUs shall no longer be subject to the Performance Conditions but shall remain subject to the
forfeiture conditions set forth in Section 3 of the Agreement through the Performance Period End Date and, thereafter, in accordance with Section 7 of the Agreement. 

 3. Additional PSUs. 

(a) The Participant shall be eligible to receive up to 200,000 additional PSUs (the “Additional PSUs”) upon full achievement
of one or both of the Guest Satisfaction and ESG Achievement goals (each, as defined below) and based on the Adjusted EBITDA Performance Goal achieved through the Performance Period End Date. 

 

									
	 Adjusted EBITDA Performance Goal:
	  	Guest Satisfaction
Opportunity	 	 	ESG Achievement
Opportunity	 
	 [***]
	  	 	[	***] 	 	 	[	***] 
	 [***]
	  	 	[	***] 	 	 	[	***] 
	 [***]
	  	 	[	***] 	 	 	[	***] 
	 [***]
	  	 	[	***] 	 	 	[	***] 
	 [***]
	  	 	[	***] 	 	 	[	***] 

 If the level of Adjusted EBITDA achieved by the Company on any Adjusted EBITDA Determination Date is between any two Adjusted
EBITDA Performance Goals set forth in the above table, the Guest Satisfaction Opportunity and the ESG Achievement Opportunity shall each be determined as follows, which amount will be net of any PSUs that previously became Earned PSUs: 

([***]) 
 (b) Determination of Additional
RSUs. Guest Satisfaction and ESG Achievement shall be independently determined by the Committee following the Performance Period End Date. For clarity, no PSUs shall be earned with respect to either Guest Satisfaction or ESG Achievement in the
event either such goal is not achieved in full, and no Additional PSUs may become Earned PSUs or Tail RSUs prior to the Performance Period End Date. 

4. Definitions. 
 a.
“Adjusted EBITDA,” a non-GAAP measure, is defined for purposes of this Agreement as consolidated income (loss) from continuing operations, excluding the cumulative effect of
changes in accounting principles, discontinued operations gains or losses, income tax expense or benefit, restructure costs or recoveries, reorganization items (net), other income or expense, gain or loss on early extinguishment of debt, equity in
income or loss of investees, interest expense (net), gain or loss on disposal of assets, gain or loss on the sales of investees, amortization, depreciation, stock-based compensation, and Fresh Start accounting valuation adjustments, as may be
further adjusted pursuant to Section 4, and minus the interests of third parties in the Modified EBITDA of properties that are less than wholly owned (consisting of Six Flags Over Georgia, Six Flags White Water Atlanta and Six
Flags Over Texas), as may be adjusted pursuant to Section 5. 
 b. “ESG Achievement,” a
non-GAAP measure, shall be defined for purposes of this Agreement by the Committee after consultation with the Participant within thirty (30) days following the Grant Date. 

 c. “Guest Satisfaction,” a non-GAAP
measure, shall be defined for purposes of this Agreement by the Committee after consultation with the Participant within thirty (30) days following the Grant Date. 

5. Adjustments. The Committee may, at any time, approve adjustments after consulting the Participant to the calculation of
Adjusted EBITDA, ESG Achievement or Guest Satisfaction, or the component parts thereof, to take into account such unanticipated circumstances or significant, non-recurring or unplanned events as the Committee
may determine after consulting the Participant, and such adjustments may increase or decrease Adjusted EBITDA, ESG Achievement, Guest Satisfaction, or the component parts thereof. Circumstances that may be the basis for such adjustments include, but
shall not be limited to, any change in applicable accounting rules or principles; any gain or loss on the disposition of a business; impairment of assets; a merger or similar business combination transaction or material changes in the size of the
Company due to acquisitions or dispositions of assets; dilution caused by acquiring a business; tax changes and tax impacts of other changes; changes in applicable laws and regulations; changes in rate case timing; changes in the Company’s
structure; and any other circumstances outside of management’s control or the ordinary course of business. 

 Exhibit B 

Agreement and General Release 

Agreement and General Release (“Agreement”), by and between Selim A. Bassoul (“Executive” and referred to
herein as “you”) and Six Flags Entertainment Corporation, a Delaware corporation (the “Company”). 
 1. In
exchange for your waiver of claims against the Released Persons (as defined below) and compliance with the other terms and conditions of this Agreement, upon the effectiveness of this Agreement, the Company agrees to provide you with the payments
and benefits provided in Section 4 of your employment agreement with the Company, dated November 14, 2021 (the “Employment Agreement”) in accordance with the terms and conditions of the Employment Agreement. 

2. (a) In consideration for the payments and benefits to be provided to you pursuant to section 1 above, you, for yourself and for your heirs,
executors, administrators, trustees, legal representatives and assigns (hereinafter referred to collectively as “Releasors”), forever release and discharge the Company and its subsidiaries, divisions, affiliates and related business
entities, successors and assigns, and any of its or their respective directors, officers, fiduciaries, agents, trustees, administrators, employees and assigns (in each case, in their capacity as such) (collectively the “Released
Persons”) from any and all claims, suits, demands, causes of action, covenants, obligations, debts, costs, expenses, fees and liabilities of any kind whatsoever in law or equity, by statute or otherwise, whether known or unknown, vested or
contingent, suspected or unsuspected and whether or not concealed or hidden (collectively, the “Claims”), which you have had, now have, or may have against any of the Released Persons by reason of any act, omission, transaction,
practice, plan, policy, procedure, conduct, occurrence, or other matter arising up to and including the date on which you sign this Agreement, except as provided in subsection (c) below. 

(a) Without limiting the generality of the foregoing, this Agreement is intended to and shall release the Released Persons from any and all
such claims, whether known or unknown, which you have had, now have, or may have against the Released Persons arising out of your employment or termination thereof, including, but not limited to: (i) any claim under the Age Discrimination in
Employment Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Employee Retirement Income Security Act of 1974 (excluding claims for accrued, vested benefits under any employee benefit or pension plan of the
Released Persons subject to the terms and conditions of such plan and applicable law), the Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act of 1988, or the Fair Labor Standards Act of 1938, the Texas Labor Code,
the Texas Payday Law, the Texas Anti-Retaliation Act, the Texas Commission on Human Rights Act and the Texas Whistleblower Act, in each case as amended [update as appropriate]; (ii) any other claim whether based on federal, state, or local
law (statutory or decisional), rule, regulation or ordinance, including, but not limited to, breach of contract (express or implied), wrongful discharge, detrimental reliance, defamation, emotional distress or compensatory or punitive damages; and
(iii) any claim for attorneys’ fees, costs, disbursements and/or the like. 

  
 B-1 

 (b) Notwithstanding the foregoing, nothing in this Agreement shall be a waiver of claims:
(1) that arise after the date on which you sign this Agreement, including, without limitation, such claims related to any equity award held by you; (2) for the payments or benefits required to be provided under Section 4(b) of the
Employment Agreement; (3) regarding rights of indemnification and receipt of legal fees and expenses to which you are entitled under the Employment Agreement, the Company’s or a subsidiary of the Company’s Certificate of Incorporation
or By-laws (or similar instrument), pursuant to any separate writing between you and the Company or any subsidiary of the Company or pursuant to applicable law; or (4) relating to any claims for accrued,
vested benefits under any employee benefit plan or retirement plan of the Released Persons subject to the terms and conditions of such plan and applicable law (excluding any severance or termination pay plan, program or arrangement, claims to which
are specifically waived hereunder. 
 (c) In signing this Agreement, you acknowledge that you intend that this Agreement shall be effective
as a bar to each and every one of the Claims hereinabove mentioned or implied. You expressly consent that this Agreement shall be given full force and effect according to each and all of its express terms and provisions, including those relating to
unknown, unsuspected or unanticipated Claims, if any, as well as those relating to any other Claims hereinabove mentioned or implied. [Update to include reference to any applicable statute regarding the waiver of unknown claims.] 

3. (a) This Agreement is not intended, and shall not be construed, as an admission that any of the Released Persons has violated any federal,
state or local law (statutory or decisional), ordinance or regulation, breached any contract or committed any wrong whatsoever against you. 

(b) Should any provision of this Agreement require interpretation or construction, it is agreed by the parties that the entity interpreting or
constructing this Agreement shall not apply a presumption against one party by reason of the rule of construction that a document is to be construed more strictly against the party who prepared the document. 

(c) You represent and warrant that you have not assigned or transferred to any person or entity any of my rights which are or could be
covered by this Agreement, including but not limited to the waivers and releases contained in this Agreement. 
 (d) You understand that
nothing in this Agreement limits your ability to file a charge or complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange
Commission or any other federal, state or local governmental agency or commission (“Government Agencies”). You further understand this Agreement does not limit your ability to communicate with any Government Agencies or otherwise
participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. While this Agreement does not limit your right to receive an award for
information provided to the Securities and Exchange Commission, you understand and agree that, to maximum extent permitted by law, you are otherwise waiving any and all rights you may have to individual relief based on any claims that you have
released and any rights you have waived by signing this Agreement. 

  
 B-2 

 4. This Agreement is binding upon, and shall inure to the benefit of, the parties and their
respective heirs, executors, administrators, successors and assigns. 
 5. This Agreement shall be construed and enforced in accordance with
the laws of the State of Delaware applicable to agreements made and to be performed entirely within such State. 
 6. You acknowledge that
you: (a) have carefully read this Agreement in its entirety; (b) have had an opportunity to consider for at least [twenty-one (21)] [forty[five (45)] days the terms of this Agreement;
(c) are hereby advised by the Company in writing to consult with an attorney of your choice in connection with this Agreement; (d) fully understand the significance of all of the terms and conditions of this Agreement and have discussed
them with your independent legal counsel, or have had a reasonable opportunity to do so; (e) have had answered to your satisfaction by your independent legal counsel any questions you have asked with regard to the meaning and significance of
any of the provisions of this Agreement; and (f) are signing this Agreement voluntarily and of your own free will and agree to abide by all the terms and conditions contained herein. 

7. You understand that you will have at least [twenty-one (21)] [forty[five (45)] days from the
date of receipt of this Agreement to consider the terms and conditions of this Agreement. You may accept this Agreement by signing it and returning it to the Company’s General Counsel at the address specified pursuant to Section 12 of the
Employment Agreement on or before . After executing this Agreement, you shall have seven (7) days (the “Revocation Period”) to revoke this Agreement by indicating your desire to do so in writing delivered to the General Counsel
at the address above by no later than 5:00 p.m. on the seventh (7th) day after the date you sign this Agreement. The effective date of this Agreement shall be the eighth (8th) day after you sign the Agreement (the “Agreement Effective
Date”). If the last day of the Revocation Period falls on a Saturday, Sunday or holiday, the last day of the Revocation Period will be deemed to be the next business day. In the event you do not accept this Agreement as set forth above, or
in the event you revoke this Agreement during the Revocation Period, this Agreement, including but not limited to the obligation of the Company to provide the payments and benefits provided in Section 1 above, shall be deemed automatically null
and void. 
 8. Any dispute regarding this Agreement shall be subject to Delaware law without reference to its choice of law provisions. You
agree to reimburse the Company for out-of-pocket costs and expense reasonably incurred by in connection with enforcing this Agreement (including attorney’s fees)
with respect to each claim on which the Company substantially prevails. 
 [Signature page follows] 

  
 B-3 

 
			
	EXECUTIVE
	
	  

	Selim A. Bassoul
	
	SIX FLAGS ENTERTAINMENT CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-4Exhibit 10.1

 

COFORGE

 

Employee Stock Option
Plan 2005

(Erstwhile NIIT Technologies Employees Stock Option Plan
2005)

 

    	Page 1 of 16 	ESOP 2005
Document Date: August 2005
Updated as on February 20, 2020

     

    

 

	Table of Contents	 
	 	 	 
	1.	NAME, OBJECTIVE AND TERM OF THE PLAN	3
	 	 	 
	2.	DEFINITIONS AND INTERPRETATION	3
	 	 	 
	3.	AUTHORITY AND CEILING	8
	 	 	 
	4.	ADMINISTRATION	8
	 	 	 
	5.	ELIGIBILITY AND APPLICABILITY	9
	 	 	 
	6.	VESTING	10
	 	 	 
	7.	EXERCISE	10
	 	 	 
	8.	OTHER TERMS AND CONDITIONS	12
	 	 	 
	9.	ACCOUNTING POLICIES	12
	 	 	 
	10.	DEDUCTION OF TAX	12
	 	 	 
	11.	AUTHORITY TO VARY TERMS	13
	 	 	 
	12.	MISCELLANEOUS	13
	 	 	 
	13.	NOTICES	14
	 	 	 
	14.	GOVERNING LAW AND JURISDICTION	15
	 	 	 
	15.	INCOME TAX RULES	15
	 	 	 
	16.	ADDENDUM 1	15
	 	 	 
	17.	ADDENDUM 2	16

 

    	Page 2 of 16	ESOP 2005
Document Date: August 2005
Updated as on February 20, 2020

     

    

 

		1.	Name,
Objective and Term of the Plan

 

		1.1	This Plan shall be called “ESOP 2005”.

 

		1.2	The objective of ESOP 2005 is to provide an incentive to attract, retain and reward Employees performing
Services for the Company and motivating such Employees to contribute to the growth and profitability of the Company.

 

		1.3	The ESOP 2005 is established as per the approval granted by the shareholders
by a special resolution through postal ballot on May 18, 2005 and shall continue to be in force until the date on which all
of the options available for issuance as per the approval granted by the shareholders have been vested and exercised.

 

		1.4	The Board / Compensation Committee / shareholders may, subject to compliance with Applicable Laws, at
any time alter, amend, suspend or terminate ESOP 2005.

 

		2.	Definitions
and Interpretation

 

2.1 Definitions

 

The terms defined in this ESOP 2005
shall for the purposes of this ESOP 2005, have the meanings herein specified and terms not defined in this ESOP 2005 shall have the meanings
as defined in the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, the Companies Act, 2013, the SEBI (Issue of Capital
and Disclosure Requirements) Regulations, 2018 and the SEBI (Share Based Employee Benefits) Regulations, 2014, or in any statutory modifications
or re-enactments thereof, as the case may be.

 

		i.	“Agreement” means the Employee
Stock Option Agreement between the Company and the Option Grantee evidencing the terms and conditions of an individual Employee Stock
Option. The Agreement is subject to the conditions of ESOP 2005.

 

		ii.	“Applicable Law” means the legal requirements relating to Employee Stock Options, including,
without limitation, the Companies Act, 2013, the SEBI Act, the SEBI Guidelines and all relevant tax, securities, foreign exchange control
regulations or corporate laws of India, or of any other relevant jurisdiction or of any stock exchange(s) on which the shares are
listed or quoted.

 

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

 

		iv.	“Companies Act” means The Companies Act, 2013 and includes any statutory modifications
or re-enactments thereof.

 

		v.	“Company” means Coforge Limited (Erstwhile NIIT Technologies Limited)

 

		vi.	“Compensation Committee”
                                            means Nomination and Remuneration Committee of the Company as reconstituted by the Board
                                            comprising of such members of the Board as required under Section 178 of the Companies
                                            Act and the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements)
                                            Regulations, 2015 as amended.

 

    	Page 3 of 16 	ESOP 2005
Document Date: August 2005
Updated as on February 20, 2020

     

    

 

		vii.	“Control” shall
                                            have the same meaning as defined under the Securities and Exchange Board of India (Substantial
                                            Acquisition of Shares and Takeovers) Regulations, 2011;

 

		viii.	“Director” means a member of the Board of the Company.

 

		ix.	“Eligibility Criteria”
                                            means the criteria as may be determined from time to time by the Compensation Committee for
                                            granting the Employee Stock Options to the Employees.

 

		x.	“Employee” means such persons who are eligible under the SEBI Guidelines including
directors, whether whole-time or otherwise, (but excluding promoters and Independent Directors) of the Company and of its holding and/or
subsidiary company(ies). As per the SEBI Guidelines in force as on date of the shareholders’ approval the following category of
persons are entitled to options under ESOP 2005:

 

		a)	Permanent employees of the Company and of its holding and/or subsidiary company (ies), whether working
in India or out of India; and

 

		b)	Directors, whether whole time director or not, of the Company, and of its holding and/or subsidiary company
(ies), whether working in India or out of India.

 

The following category of persons are excluded under ESOP
2005:

 

		a.	An employee who is a promoter or belongs to the promoter group;

 

		b.	A director who either by himself or through his relatives or through any body corporate, directly or indirectly,
holds more than 10% of the outstanding Shares of the Company.

 

An Employee shall continue to
be an Employee during the period of (i) any leave of absence approved by the Company or (ii) transfers between locations
of the Company or between the Company, its Parent, any Subsidiary, or any successor.

 

		xi.	“Employee Stock Option”
                                            or “Option” means the option granted to an Employee, which gives
                                            such Employee the right to purchase or subscribe at a future date the shares underlying the
                                            option at a pre-determined price.

 

		xii.	“Exercise” means making of an application by the employee to the Company for issue
of shares against the option vested in him in terms of ESOP 2005.

 

		xiii.	“Exercise Period” means such time period after vesting within which the Employee should
exercise the options vested in him in pursuance of ESOP 2005.

 

		xiv.	“Exercise Price” means the price payable by an Employee for exercising the Option granted
to him in pursuance of ESOP 2005.

 

    	Page 4 of 16	ESOP 2005
Document Date: August 2005
Updated as on February 20, 2020

     

    

 

		xv.	“Face Value of the share of the Company” means par value of the share as per the Companies
Act.

 

		xvi.	“Grant” means issue of Options to the Employees under ESOP 2005.

 

		xvii.	“Grant date” means
                                            the date on which the compensation committee approves the grant;

 

		xviii.	“Group” means two
                                            or more companies which, directly or indirectly, are in a position to-,

 

		(i)	exercise twenty-six per cent. or more of the voting rights in the other company; or

		(ii)	appoint more than fifty per cent. of the members of the board of directors in the other company; or

		(iii)	control the management or affairs of the other company;

 

		xix.	“Independent Director”
                                            means a non-executive director, other than a nominee director of the listed entity:

 

		(i)	who, in the opinion of the board of directors, is a person of integrity and possesses relevant expertise
and experience;

		(ii)	who is or was not a promoter of the listed entity or its holding, subsidiary or associate company or member
of the promoter group of the listed entity;

		(iii)	who is not related to promoters or directors in the listed entity, its holding, subsidiary or associate
company;

		(iv)	who, apart from receiving director's remuneration, has or had no material pecuniary relationship with
the listed entity, its holding, subsidiary or associate company, or their promoters, or directors, during the two immediately preceding
financial years or during the current financial year;

		(v)	none of whose relatives has or had pecuniary relationship or transaction with the listed entity, its holding,
subsidiary or associate company, or their promoters, or directors, amounting to two per cent. or more of its gross turnover or total income
or fifty lakh rupees or such higher amount as may be prescribed from time to time, whichever is lower, during the two immediately preceding
financial years or during the current financial year;

		(vi)	who, neither himself, nor whose relative(s) –

		(A)	holds or has held the position of a key managerial personnel
or is or has been an employee of the listed entity or its holding, subsidiary or associate company in any of the three financial years
immediately preceding the financial year in which he is proposed to be appointed;

		(B)	is or has been an employee or proprietor or a partner, in any
of the three financial years immediately preceding the financial year in which he is proposed to be appointed, of –

		(1)	a firm of auditors or company secretaries in practice or cost auditors of the listed entity or its holding,
subsidiary or associate company; or

		(2)	any legal or a consulting firm that has or had any transaction with the listed entity, its holding, subsidiary
or associate company amounting to ten per cent or more of the gross turnover of such firm;

		(C)	holds together with his relatives two per cent or more of the total voting power of the listed entity;
or

 

    	Page 5 of 16	ESOP 2005
Document Date: August 2005
Updated as on February 20, 2020

     

    

 

		(D)	is a chief executive or director, by whatever name called, of any nonprofit organization that receives
twenty-five per cent or more of its receipts or corpus from the listed entity, any of its promoters, directors or its holding, subsidiary
or associate company or that holds two per cent or more of the total voting power of the listed entity;

		(E)	is a material supplier, service provider or customer or a lessor or lessee of the listed entity;

		(vii)	 who is not less than 21 years of age.

		(viii)	 who is not a non-independent director of another company on the board of which any non-independent director
of the listed entity is an independent director:

 

		xx.	“Key Managerial Personnel”
                                            shall have the same meaning as defined under section 2(51) of the Companies Act;

 

		xxi.	“Market price” means
                                            the latest available closing price on a Recognized Stock Exchange on which the shares of
                                            the company are listed on the date immediately prior to the relevant date.

 

Explanation. - If such shares are listed
on more than one stock exchange, then the closing price on the stock exchange having higher trading volume shall be considered as the
market price;

 

		xxii.	“Option Grantee” means an Employee having a right but not an obligation to exercise
an Employee Stock Option in pursuance of ESOP 2005.

 

		xxiii.	“Permanent Incapacity” means any disability of whatsoever nature - be it physical,
mental or otherwise, which incapacitates or prevents or handicaps an Employee from performing any specific job, work or task which the
said Employee was capable of performing immediately before such disablement, as determined by the Compensation Committee based on a certificate
of a medical expert identified by such Committee.

 

		xxiv.	“Promoter” means such persons as defined under the SEBI Guidelines.

 

		xxv.	“Promoter Group” means
                                            such persons as defined under the SEBI Guidelines..

 

		xxvi.	“Recognized Stock Exchange” means BSE Limited; National Stock Exchange or any other
Stock Exchange in India on which the Company’s Shares are listed or to be listed.

 

		xxvii.	“Register” means
                                            the Register of Option Grantees maintained by the Company.

 

		xxviii.	“Relative” shall
                                            have the same meaning as defined under section 2(77) of the Companies Act;

 

		xxix.	“Relevant date” means,
                                            -

 

		(i)	in the case of grant, the date of the meeting of the compensation committee on which the grant is made;
or

 

    	Page 6 of 16 	ESOP 2005
Document Date: August 2005
Updated as on February 20, 2020

     

    

 

		(ii)	in the case of exercise, the date on which the notice of exercise
is given to the company or to the trust by the employee;

 

		xxx.	“Retirement” means retirement as per the rules of the Company.

 

		xxxi.	“Scheme / Plan / ESOP 2005” means this Employee Stock Option Plan 2005 under which
the Company is authorized to grant Employee Stock Options to the Employees.

 

		xxxii.	“SEBI Act” means the Securities & Exchange Board of India Act, 1992 as amended,
and includes all regulations and clarifications issued there under.

 

		xxxiii.	“SEBI Guidelines” means the Securities and Exchange Board of India (Share Based Employee
Benefits) Regulations, 2014 as amended and includes all regulations and clarifications issued there under.

 

		xxxiv.	“Share” means equity share and securities convertible into equity shares and shall
include American Depository Receipts (ADRs), Global Depository Receipts (GDRs) or other depository receipts representing underlying equity
shares or securities convertible into equity shares.

 

		xxxv.	“Subsidiary company”
                                            or “Subsidiary” includes any present or future subsidiary company of the
                                            Company, as defined in Section 4 of the Companies Act.

 

		xxxvi.	“Vesting” means
                                            the process by which the employee becomes entitled to receive the benefit of a grant made
                                            to him under any of the schemes;

 

		xxxvii.	“Vesting Period” means the period during which the Employee Stock Option granted shall
vest in the Employee, in pursuance of the ESOP 2005 takes place.

 

		xxxviii.	“Vested Option”
                                            means an Option in respect of which the relevant Vesting conditions have been satisfied and
                                            the Option Grantee has become eligible to exercise the Option.

 

		xxxix.	“Unvested Option” means an Option in respect of which the vesting period has not lapsed
and relevant Vesting conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

 

2.2 Interpretation

 

In this Plan, unless the contrary intention appears:

 

		i.	 	The clause headings are inserted for ease of reference only and are not intended to be part of or to effect
the meaning or interpretation;

 

		ii.	 	A reference to a clause number includes a reference to its sub-clauses;

 

		iii.	 	Words in singular include the plural and vice versa;

 

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		iv.	 	Words importing a gender include the other gender;

 

		v.	 	A reference to a Schedule includes a reference to any part of that Schedule which is incorporated by reference.

 

		3.	Authority and Ceiling

 

		3.1	A Special Resolution has been passed by the shareholders of the Company
through postal ballot on May 18, 2005 authorizing the Board / Compensation Committee to issue 3,850,000 Employee Stock Options
to Employees. Each option is exercisable for one (1) equity share or security convertible to one (1) equity share of face value
of Rs. 10/- each fully paid up on payment to the Company for such shares at a price to be determined in accordance with ESOP 2005.

 

A special resolution has been passed
by the shareholders of the Company authorizing the Board / Compensation Committee to issue additional Nine Lakhs (9,00,000) Employee Stock
Options to Employees. Each option is exercisable for one (1) equity share or security convertible to one (1) equity share of
face value of Rs. 10/- each fully paid up on payment to the Company for such shares at a price to be determined in accordance with ESOP
2005.

 

		3.2	The maximum number of options that may be granted to any specific Employee under the ESOP 2005 shall be
in accordance with the applicable SEBI Guidelines and the Companies Act.

 

		3.3	If an Employee Stock Option expires or becomes unexercisable without having been exercised in full, such
options, which were subject thereto, would be available to the Compensation Committee for being re-granted at a future date.

 

		3.4	Where Shares are issued consequent upon exercise of an Employee Stock Option under the ESOP 2005 the upper
limit on the number of Shares referred to in Clause 3.1 above will stand reduced to the extent of such Shares issued.

 

4. Administration

 

		4.1	The ESOP 2005 shall be administered by the Compensation Committee. All questions of interpretation of
the ESOP 2005 or any Employee Stock Option shall be determined by the Compensation Committee and such determination shall be final and
binding upon all persons having an interest in the ESOP 2005.

 

		4.2	The Compensation Committee shall in accordance with this Plan and Applicable Laws determine, including
but not limited to, the following for each grant:

 

		i.	 	The quantum of Employee Stock Options to be granted under the ESOP 2005 to each Employee, subject to the
ceiling as specified in Para 3.1;

 

		ii.	 	The Eligibility Criteria

 

		iii.	 	The exercise price

 

		iv.	 	The exercise period

 

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		v.	 	The vesting period

 

		vi.	 	Time periods within which an employee shall exercise the vested options in the event of termination or
resignation of an employee

 

		vii.	 	Right of an eligible employee to exercise all options vested in him at one time or at various points of
time within the exercise period

 

		viii.	 	Conditions under which options vested in employees may lapse in case of termination of employment for
misconduct or otherwise

 

		ix.	 	The procedure for making a fair and reasonable adjustment to the number of options and / or exercise price
in case of a corporate action such as stock split / consolidation, rights issues, bonus issues, merger, sale of division and others, to
ensure that the option holders are compensated appropriately in case of any diminution in the value of their stock options as a result
of such corporate action, in accordance with the SEBI guidelines.

 

		x.	 	The procedure and terms for the Grant, Vesting and Exercise of Employee Stock Option in case of Employees
who are on long leave;

 

		xi.	 	The lock-in period, if any, for the shares issued upon Exercise of Options

 

		xii.	 	The procedure for cashless exercise of Employee Stock Options, if required;

 

		4.3	The Compensation Committee shall also:

 

		i.	 	Frame suitable policies and systems to ensure that there is no violation of (a) Securities and Exchange
Board of India (Prohibition of Insider Trading) Regulations, 2015 and (b) Securities and Exchange Board of India (Prohibition of
Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003, by any Employee.

 

		ii.	 	Approve forms, writings and/or agreements for use in pursuance of the ESOP 2005.

 

		iii.	 	Frame any other byelaws, rules or procedures as it may deem fit for administering ESOP 2005.

 

 

		5.	Eligibility
and Applicability

 

		5.1	Only Employees are eligible for being granted Employee Stock Options under ESOP 2005. The specific Employees
to whom the Options would be granted and their Eligibility would be determined by the Compensation Committee.

 

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Explanation. - Where such employee is a director nominated
by an institution as its representative on the board of directors of the company – 

	 	i.	 	The contract or agreement entered into between the institution nominating its employee as the director of a company, and the director so appointed shall, inter alia, specify the following:

		a.	whether the grants by the company under its scheme(s) can be accepted by the said employee in his
capacity as director of the company;

		b.	that grant if made to the director, shall not be renounced in favour of the nominating institution; and

		c.	the conditions subject to which fees, commissions, other incentives, etc. can be accepted by the
director from the company.

		ii.	 	The institution nominating its employee as a director of a company shall file a copy of the contract or
agreement with the said company, which shall, in turn file the copy with all the stock exchanges on which its shares are listed.

		iii.	 	The director so appointed shall furnish a copy of the contract or agreement at the first board meeting
of the company attended by him after his nomination.

 

The appraisal process for determining
the eligibility of the Employee will be specified by the Compensation Committee and will be based on criteria such as seniority of Employee,
length of service, performance record, merit of the Employee, future contribution potential of the Employee and/or such other criteria
as may be determined by the Compensation Committee at its sole discretion.

 

The Plan shall be applicable to the
employees of the Company, subsidiary companies in India and abroad or its holding company and any successor company (ies) thereof.

 

		6	Vesting

 

The Employee Stock Options granted under
ESOP 2005 shall vest in a minimum period of 1 year and a maximum of 7 years from the date of grant of the option. The exact proportion
in which the options would vest shall be determined by the Compensation Committee, subject to the minimum vesting period of one year from
the date of grant of options.

 

The Compensation Committee, in its discretion,
at the time of each Grant, may lay down certain performance metrics on the achievement of which the granted options would vest, the detailed
terms and conditions relating to such performance based vesting, and the proportion in which options are granted under ESOP 2005 would
vest (subject to the minimum and maximum vesting period as specified above).

 

The Options would vest only if the Option
Grantee continues to be in employment of the Company on the date that they are due to vest. No options would vest in case the employee
has resigned and in such case the last working day shall be considered to be the cut off date for vesting.

 

		7	Exercise

 

		7.1	The Exercise Price shall be the price payable by the employee for
exercising the Options granted to him under the ESOP 2005 as may be decided by the Compensation Committee from time to time, such price
being not less than the then existing Face Value of the share of the Company.

 

The vested options will be exercisable
by the Employee by a written application to the Company to exercise the options on full payment of Exercise Price and in such manner and
on execution of such documents, as may be prescribed by the Compensation Committee from time to time. The options will lapse if not exercised
within the specified exercise period. Payment of the Exercise Price
shall be made by a crossed cheque or a demand draft drawn in favour of the Company, or in such other manner as the Compensation Committee
may decide.

 

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		7.2	The exercise period would commence from the date of vesting and will expire on completion of not more
than five (5) years from such date of vesting of options as may be decided by the Compensation Committee from time to time.

 

		7.3	In the event of the death of an Employee while in employment with the Company, all the Vested and Unvested
Options may be Exercised by the Option Grantee’s nominees or legal heirs immediately after, but in no event later than twelve months
from the date of death.

 

		7.4	In the event of separation of an Employee from the Company due to reasons of Permanent Incapacity while
in employment, the Option Grantee may Exercise his Vested as well as Unvested Option immediately after Permanent Incapacity but in no
event later than twelve months from the date of separation from employment.

 

		7.5	In the event of separation from employment for reasons of normal retirement or a retirement specifically
approved by the Company,

 

		(i)	all Vested Options should be exercised by the Option Grantee immediately after, but in no event later
than twelve months from the date of such Option Grantee’s retirement, and

 

		(ii)	all Unvested Options will stand cancelled as on the date of such retirement, unless otherwise determined
by the Compensation Committee whose determination will be final and binding.

 

		7.6	In the event of separation due to resignation prior to retirement or due to termination of services for
reasons other than mentioned in clause 7.7 & 7.8 below, all Unvested Options on the last working day or date of termination,
as the case may be, shall stand cancelled with effect from that date. However, all Vested Options as on that date shall be exercisable
by the employee immediately but not later than seven (7) months from the last working day or date of termination as the case may
be.

 

		7.7	In the event of abandonment of employment by an Option Grantee without the Company’s consent, all
Employee Stock Options granted to such employee, including the Vested Options, which were not exercised at the time of abandonment of
employment, shall stand cancelled. The Compensation Committee, at its sole discretion shall decide the date of cancellation of such options
and such decision shall be binding on all concerned.

 

		7.8	In the event of termination of the employment of an Option Grantee for misconduct or due to breach of
policies or the terms of employment of the Company, all Employee Stock Options granted to such employee, including the Vested Options
which were not exercised at the time of such termination shall stand cancelled with effect from the date of such termination.

 

		7.8A	 	In the event the Option Grantee is transferred or deputed
to a associate company prior to Vesting or Exercise, the Vesting and Exercise as per the terms of Grant shall continue in case of such
transferred or deputed Option Grantee even after the transfer or deputation.

 

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		7.9	In the event of separation of an option grantee from the employment due reasons other than those mentioned
in clauses 7.3, 7.4, 7.5, 7.6, 7.7, 7.8 or 7.8A all Unvested Options on the date of separation shall stand cancelled with effect from
that date. However, all Vested Options as on that date shall be exercisable by the employee immediately but not later than seven (7) months
from the date of separation.

 

		8.	 	Other
Terms and Conditions

 

		8.1	The Employee shall not have a right to receive any dividend or to vote or in any manner enjoy the rights
and benefits of a shareholder (including rights to receive bonus or rights shares) in respect of Employee Stock Options granted, until
Shares underlying such Employee Stock Options are issued on Exercise of such Employee Stock Option.

 

		8.2	Employee Stock Option shall not be transferable to any person except in the event of death of the Option
Grantee, in which case clause 7.3 would apply.

 

		8.3	No person other than the Employee to whom the Employee Stock Option is granted shall be entitled to Exercise
the Employee Stock Option except in the event of death of the Option Grantee, in which case clause 7.3 would apply.

 

		8.4	The Employee Stock Option shall not be pledged, hypothecated, mortgaged or otherwise alienated in any
other manner by the Option Grantee.

 

		9.	 	Accounting policies

 

Any company implementing any of the
share based schemes shall follow the requirements of the 'Guidance Note on Accounting for employee share-based Payments' (Guidance Note)
or Accounting Standards as may be prescribed by the Institute of Chartered Accountants of India (ICAI) from time to time, including the
disclosure requirements prescribed therein.

 

Where the existing Guidance Note or
Accounting Standard do not prescribe accounting treatment or disclosure requirements for any of the schemes covered under these regulations
then the company shall comply with the relevant Accounting Standard as may be prescribed by the ICAI from time to time.

 

		10.	Deduction of Tax

 

All taxes / levies in respect of the Plan will be to the
Employee(s) account.

 

The Company shall have the right to
deduct from the Employee’s compensation and /or any other dues payable, any of the Employee’s tax obligations arising in connection
with the Employee Stock Option or the Shares acquired upon the Exercise thereof. The Company shall have no obligation to deliver Shares
or to release Shares from an escrow established, if any, in pursuance of the Agreement until
the Company’s tax deduction obligations, if any have been satisfied by the Option Grantee.

 

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The Employees to whom this Plan will be applicable will authorize
Coforge Limited (Erstwhile NIIT Technologies Limited) and/or its Holding /Subsidiary company(ies):

 

		i.	 	To withhold monies from salary and/or any other
dues payable to such Employee(s) or former Employee(s) to meet tax and social security withholding obligations and/or

 

		ii.	 	To recover directly from the Employee(s) or former Employee(s) the monies required to meet such
obligations and/or

 

		iii.	 	To dispose off all or a part of the shares due to be issued or transferred to such Employee(s) or
former Employee(s) on the exercise of an Option for the purpose of raising monies to meet such obligations.

 

		11.	Authority to vary terms

 

The Board / Compensation Committee may,
if it deems necessary, vary the terms of ESOP 2005, subject to the SEBI Guidelines and other Applicable Laws

 

		12.	Miscellaneous

 

12.1 Government Regulations

 

This ESOP 2005 shall be subject to all
Applicable Laws, and approvals from regulatory authorities. The Grant of options and the issuance of shares under this ESOP 2005 shall
also be subject to the Company requiring Employees to comply with all Applicable Laws.

 

12.2 Inability to obtain authority

 

The inability of the Company to obtain
authority from any regulatory body having jurisdiction, or under any Applicable Laws for the issuance and sale of any Shares hereunder
shall relieve and wholly discharge the Company of any and all liability in respect of the failure to issue or sell such Shares.

 

12.3 The
grant of an Employee Stock Option does not form part of the Option Grantee’s entitlement to Compensation or benefits pursuant to
his contract of employment nor does the existence of a contract of employment between any person of the Company, give such person any
right entitlement or expectation to have an Employee Stock Option granted to him in respect of any number of shares or any expectation
that an Employee Stock Option might be granted to him whether subject to any condition or at all.

 

12.4
Neither the existence of this Plan nor the fact that an individual has on any occasion been granted an Employee Stock Option shall
give such individual any right, entitlement or expectation that he has or will in future have any such right, entitlement or
expectation to participate in this Plan or any other
employee stock option scheme that may be formulated by the Company, by being granted an Employee Stock Option on any other occasion.

 

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12.5 The
rights granted to an Option Grantee upon the grant of an Employee Stock Option shall not afford the Option Grantee any rights or additional
rights to compensation or damages in consequence of the loss or termination of his office or employment with the Company for any reason
whatsoever (whether or not such termination is ultimately held to be wrongful or unfair).

 

12.6 The
Option Grantee shall not be entitled to any compensation or damages for any loss or potential loss which he may suffer by reason of being
unable to exercise an Employee Stock Option in whole or in part in consequence of the loss or termination of his office or employment
with the Company for any reason whatsoever (whether or not such termination is ultimately held to be wrongful or unfair).

 

 12.7 The Employee to whom the Plan will be applicable will also be bound by a code of conduct to regulate, monitor and report trading by Designated Persons, to be followed in respect of any Grant and related transactions under the Plan. Any willful violation of the said code of conduct on the part of the Employee will result in the withdrawal/annulment of the relevant and/or all related transactions under the Plan.

 

12.8
Consequence of failure to exercise option: 

The amount payable by the employee, if any, at the time of
grant of option

		(a)	may be forfeited by the company if the option is not exercised by the employee within the exercise period;
or

		(b)	may be refunded to the employee if the options are not vested due to non-fulfilment of conditions relating
to vesting of option as per the ESOS

 

		13.	Notices

 

All notices of communication required
to be given by the Company to an Option Grantee by virtue of this ESOP 2005 shall be in writing and shall be sent to the address of the
Option Grantee available in the records of the Company and any communication to be given by an Option Grantee to the Company in respect
of ESOP 2005 shall be sent to the address mentioned below:

 

The Administrator - ESOP
2005 

Secretarial Department

8 Balaji Estate, Guru
Ravidas Marg, 

New Delhi 110 019 

Email: coforgeesop2005help@coforgetech.com

 

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		14.	 	Governing
Law and Jurisdiction

 

		14.1	The terms and conditions of the ESOP 2005 shall be governed by and construed in accordance with the laws
of India.

 

		14.2	The Courts of New Delhi, India shall have jurisdiction in respect
of any and all matters, disputes or differences arising in relation to or out of this ESOP 2005.

 

		14.3	Nothing in this Clause will however limit the right of the Company to bring proceedings against any Employee
in connection with this ESOP 2005:

 

		(i)	In any other court of competent jurisdiction; or

 

		(ii)	Concurrently in more than one jurisdiction.

 

		15.	Income Tax Rules

 

The applicable Income Tax Laws and Rules as
in force in each country will be applicable.

 

ADDENDUM #1 TO ESOP2005

 

Modification of terms of Exercise
under clause 7 of ESOP2005, when options are granted at a price lower than FMV to Option grantees based in USA

 

When options under this Plan are granted
to Option grantees in USA, the following terms of Exercise will replace the existing clause 7 (Exercise) in ESOP2005, in order to comply
with the provisions of Section 409A of the Internal Revenue Code of USA.

 

EXERCISE

 

		7.1	The Exercise Price shall be the price payable by the employee for exercising
the Options granted to him under the ESOP 2005 as may be decided by the Nomination & Remuneration Committee (NRC) from time to
time, such price being not less than the then existing Face Value of the share of the Company. The vested options will be
exercisable by the Employee by a written application to the Company to exercise the options on full payment of Exercise Price and in such
manner and on execution of such documents, as may be prescribed by the NRC from time to time. The options will lapse if not exercised
within the specified exercise period as stated in the Grant Letter or amendments thereof. Payment of the Exercise Price shall be made
by a crossed cheque or a demand draft drawn in favour of the Company, or in such other manner as the NRC may decide.

 

		7.2	When options are vested, those must be exercised during a fixed exercise period in the same calendar year
in which the options vest - with such fixed exercise period being that portion of the calendar year of the vesting that occurs subsequent
to the date of vesting. Thereafter, all the unexercised options shall be cancelled
and forfeited.

 

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		7.3	In the event of the death of an Employee while in employment with the Company, all unvested options shall
get vested on the date of death. All the outstanding vested options on that date – including the ones that got vested on that date
 – shall be exercisable by his/her nominee (whose name is registered in the company records), in the same Calendar year in which
the death occurred and thereafter, to the extent not exercised, shall be cancelled and forfeited.

 

		7.4	In the event of separation of an Employee from the Company due to reasons of disability as defined under
Section 409A, while in employment, all unvested options shall get vested on the date of commencement of this event. All the outstanding
vested options on that date – including the ones that got vested on that date – shall be exercisable in the same Calendar
year in which the disability was determined and thereafter, to the extent not exercised, shall be cancelled and forfeited.

 

		7.5	In all other events of separation from employment as defined in Section 409A, for reasons other than
mentioned in clause 7.6 & 7.7 below, all outstanding vested options may be exercised within the same calendar year in which the
options were vested. All unexercised vested options and all unvested options at the close of the last day of that calendar year shall
stand cancelled and forfeited. If the employee is a “specified employee” under Section 409A at the time of separation,
it would result in a 6-month wait for exercising those options when the triggering event is a separation from service.

 

		7.6	In the event of abandonment of employment by an Option Grantee without the Company’s consent, all
Employee Stock Options granted to such employee, including the Vested Options, which were not exercised at the time of abandonment of
employment, shall stand cancelled and forfeited. The NRC, at its sole discretion shall decide the date of cancellation of such options
and such decision shall be binding on all concerned.

 

		7.7	In the event of termination of the employment of an Option Grantee for misconduct or due to breach of
policies or the terms of employment of the Company, all Employee Stock Options granted to such employee, including the Vested Options
which were not exercised at the time of such termination shall stand cancelled and forfeited with effect from the date of such termination.

 

The option grantee will be well advised to seek advice/
consult his/ her personal tax advisor to determine the tax to be deposited in the tax filings.

 

ADDENDUM #2 TO ESOP2005

 

Applicability of Addendum #1 modified as follows:

 

“The Addendum #1 shall be applicable
to the modification of terms of Exercise under clause 7 of ESOP2005, when options are granted at a price lower than FMV to ‘Option
grantees that are subject to the provisions of the U.S. Internal Revenue Code’ instead of ‘Option grantees based in USA’.”

 

    	Page 16 of 16	ESOP 2005
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