Document:

EX-10.8

 Exhibit 10.8 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of September 19, 2014 by and among Ichor Systems,
Inc. (the “Corporation”), Maurice Carson, an individual (the “Executive”), and, with respect to Sections 1.2 and 3.3 hereof only, Ichor Holdings, Ltd. (“Parent”). 

RECITALS 
 THE PARTIES
ENTER THIS AGREEMENT on the basis of the following facts, understandings and intentions: 
 A. The Corporation desires that the
Executive continues to be employed by the Corporation to carry out the duties and responsibilities described below, all on the terms and conditions hereinafter set forth. 

B. The Executive desires to accept such employment on such terms and conditions. 

NOW, THEREFORE, in consideration of the above recitals incorporated herein and the mutual covenants and promises contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, the parties agree as follows: 
  

	1.	Employment and Duties. 

 1.1    
Employment. The Corporation does hereby continue to engage and employ the Executive on an at-will basis, subject to the terms and conditions expressly set forth in this Agreement, including, but not limited to, Section 5 of this
Agreement. The Executive does hereby accept and agree to such engagement and employment on the terms and conditions expressly set forth in this Agreement. 

1.2    Duties. The Executive shall serve the Parent as its President and its Chief Financial Officer
and the Corporation as its Chief Financial Officer and shall perform and have the responsibilities, duties, status and authority customary for positions in organizations of the size and nature of the Corporation and Parent, subject to the corporate
policies of the Corporation as in effect from time to time (including, without limitation, the Corporation’s business conduct and ethics policies, as they may be amended from time to time). In this position, the Executive shall report to the
Board of Directors of the Corporation (the “Board”) and shall render such administrative, financial, and other executive and managerial services to the Company and its affiliates as the Board may from time to time direct. In addition, the
Executive shall continue to be a member of the Board and the Board of Directors of Parent (“Parent Board”). 

1.3    No Other Employment; Time Commitment. For so long as the Executive is employed with the
Corporation, the Executive shall both (i) devote the Executive’s full business time, energy and skill to the performance of the Executive’s duties for the 

  
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 Corporation and (ii) hold no other employment. Further, the Executive’s service on the boards of directors
(or similar body) of other business or charitable entities is subject to the prior approval of the Board, provided that, the Company and the Executive acknowledge and agree that the Executive shall be permitted to serve on up to one such board of
directors (or similar body) of an entity that is not competitive with the Company or the Parent without the Board’s prior approval. The Corporation shall have the right to require the Executive to resign from any board or similar body on which
the Executive may then serve if the Board determines that such activity interferes with the effective discharge of the Executive’s duties and responsibilities to the Corporation or that any business related to such service is then in
competition with any business of the Corporation or any of its affiliates, successors or assigns. Notwithstanding anything in this paragraph, the Board is aware that the Executive is involved in those activities listed in Exhibit A attached hereto
and consents to the Executive’s continued participation in such activities provided such participation does not result in a material conflict of interest with the Executive’s duties and responsibilities under this Agreement (including,
without limitation, for purposes of determining a conflict of interest, availability to perform the Executive’s duties and responsibilities). 

1.4    No Breach of Contract. The Executive hereby represents to the Corporation: (i) that the
execution and delivery of this Agreement by the Executive and the Corporation and the performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement
or policy to which the Executive is a party or otherwise bound; (ii) that the Executive has no information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be
violated by, the Executive entering into this Agreement or carrying out the Executive’s duties hereunder; and (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement with any other person or entity which
would prevent, or be violated by, the Executive (x) entering into this Agreement or (y) carrying out the Executive’s duties hereunder. 

1.5    Location. The Executive’s principal place of employment initially shall be the
offices of the Corporation’s San Francisco Bay Area headquarters. The Executive acknowledges that business travel will be required from time to time in the course of performing the Executive’s duties for the Corporation. 

2.    Term. The Executive’s employment under this Agreement shall commence on the date first written above, or
such later date as is agreed to by the Executive and the Corporation, which such date of commencement of employment will be hereinafter referred to as the “Effective Date.” The period from the Effective Date until the termination of
the Executive’s employment under this Agreement is hereinafter referred to as “the term of this Agreement” or “the term hereof.” 

  
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	3.	Compensation. 

 3.1    Base Salary.
During the term hereof, the Executive’s base salary (the “Base Salary”) shall be paid in accordance with the Corporation’s regular payroll practices in effect from time to time, but not less frequently than in monthly
installments. As of the Effective Date, the Executive’s Base Salary shall be at an annualized rate of $350,000. During the term hereof, the Corporation may review and adjust the Executive’s rate of Base Salary from time to time. 

3.2    Incentive Bonus. During the term hereof, in addition to the Base Salary, the Executive
shall be eligible to receive an incentive bonus (“Incentive Bonus”) for each fiscal year with a target amount of 60% of the Executive’s Base Salary (the “Target Incentive Bonus”) and a maximum amount of 120% of the
Executive’s Base Salary.a The actual amount of any Incentive Bonus earned by the Executive shall be determined in good faith by the Compensation Committee of the Board (the
“Compensation Committee”) in its reasonable discretion and subject to the terms of the then-applicable incentive bonus plan, based on the achievement of performance objectives established for the particular performance period by the Board
or the Compensation Committee pursuant to such incentive bonus plan. The Incentive Bonus earned for each applicable performance period (if any) shall be paid in accordance with the terms of the applicable incentive bonus plan, subject to the
Executive’s continued employment by the Corporation or its affiliates through the applicable payment date. 

3.3    Equity Compensation. Following the Effective Date, the Executive shall, in addition to the
Base Salary and Incentive Bonus, receive (i) a grant of equity-based compensation in the form of a stock option grant (the “Stock Option Award”) under the Ichor Holdings, Ltd. 2012 Equity Incentive Plan, as the same may be amended from
time to time (the “Equity Plan”) and (ii) a grant of equity-based compensation in the form of a restricted share grant (the “Restricted Share Award” and, together with the Stock Option Award, the “Equity Awards”) under
the Equity Plan. The grant of the Equity Awards will be made at the first regular meeting of the Compensation Committee following the Effective Date. The terms and conditions of the Equity Awards shall be documented in the
corresponding equity award agreements between Parent and the Executive, which are attached as Exhibits B and C hereto. 
  

	4.	Benefits. 

 4.1    Retirement, Welfare and Fringe
Benefits. During the term hereof, the Executive shall be eligible to participate in all employee retirement and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Corporation to the
Corporation’s executive employees generally, in accordance with the terms of such plans and as such plans or programs may be in effect from time to time. 

4.2    Reimbursement of Expenses. During the term hereof, the Executive shall be authorized to incur
reasonable expenses to facilitate performance of his duties under this Agreement. The Executive shall be eligible for reimbursement of such expenses, subject to the Corporation’s expense reimbursement policies. 

 

	a	Note to Draft - notwithstanding that the Effective Date is after the beginning of the second half of 2014, the Executive’s bonus for the second half of 2014 will
not be pro-rated. 

  
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 4.3    Vacation and Other Leave. During the term
hereof, the Executive’s annual rate of Paid Time Off (“PTO”) accrual shall be four (4) weeks per year; provided that such vacation shall accrue and be subject to the Corporation’s vacation policies as in effect from time to
time. The Executive shall also be eligible for all other holiday and leave pay generally available to other executives of the Corporation. 

4.4    Indemnification. The Executive shall be provided indemnification, and coverage under the
Corporation’s D&O liability insurance policies, to the same extent as other executive officers of the Corporation. 
  

	5.	Termination of Employment. 

5.1    Generally. The Executive’s employment by the Corporation, and the term hereof, may be
terminated at any time (i) by the Corporation with or without Cause (as defined in Section 5.5), (ii) by the Corporation in the event that the Executive has incurred a Disability (as defined in Section 5.5), (iii) by the Executive for any reason, or
(iv) due to the Executive’s death. 
 5.2    Notice of Termination. Any termination of the
Executive’s employment under this Agreement (other than because of the Executive’s death) shall be communicated by written notice of termination from the terminating party to the other party, which termination shall be effective (i) no
less than thirty (30) days following delivery of such notice in the event of a termination by the Executive for any reason or (ii) immediately in the event of a termination by the Corporation. The notice of termination shall indicate the
specific provision(s) of this Agreement relied upon in effecting the termination. 
 5.3 Benefits Upon Termination. 

(a)    If the Executive’s employment by the Corporation is terminated during the term hereof by the
Corporation for Cause or due to Disability, or by the Executive without Good Reason or due to the Executive’s death (in any case, the date that the Executive’s employment by the Corporation terminates is referred to as the “Severance
Date”), the Corporation shall have no further obligation to make or provide to the Executive (or the Executive’s estate in the case of death), and the Executive (or the Executive’s estate, as applicable) shall have no further right to
receive or obtain from the Corporation, any payments or benefits other than payment, within 30 days after the Severance Date (or earlier if required by applicable law), of (i) any Base Salary that had accrued but had not been paid (including accrued
and unpaid vacation time) on or before the Severance Date; (ii) any reimbursement due to the Executive pursuant to Section 4.2 for expenses incurred by the Executive on or before the Severance Date; and (iii) any other amounts required under
applicable law (the “Accrued Obligations”). The treatment (including, without limitation, the cancellation or vesting thereof and/or the entitlement of the Executive thereto) of any outstanding equity awards then held by the Executive as
of the Severance Date shall be subject to the applicable terms of the Equity Plan and the applicable award agreements. 

  
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 (b)    If, during the term hereof and prior to a Sale of the
Company or following the one-year anniversary of a Sale of the Company, the Executive’s employment is terminated (i) by the Corporation without Cause or (ii) by the Executive for Good Reason, (x) the Corporation shall pay the Executive (in
addition to the Accrued Obligations payable in accordance with Section 5.3(a)) an amount equal to 12 months of the Executive’s Base Salary at the rate in effect on the Severance Date (the “Severance Benefit”), (y) the Executive
shall be eligible to receive any Incentive Bonus relating to the fiscal year in which the Executive is terminated, which Incentive Bonus shall be based on actual performance results and pro-rated, based upon the portion of the fiscal year during
which the Executive was employed under the Agreement (the “Pro-Rata Bonus”), which Pro-Rata Bonus shall be paid at the time set forth in Section 3.2 hereof and (z) during the 12-month period following the termination of the
Executive’s employment, or until the Executive becomes eligible for comparable coverage under the medical health plans of a successor employer, if earlier, the Corporation shall continue to provide the Executive and the Executive’s
dependents with medical benefits substantially equivalent to those that would have been provided to them in accordance with the Corporation’s medical benefit plans had the Executive remained an employee of the Corporation at the
Corporation’s expense (the “Continued Medical Benefits”). 
 (c)    If, during the term
hereof and during the one-year period following a Sale of the Company, the Executive’s employment is terminated (i) by the Corporation without Cause or (ii) by the Executive with Good Reason, the Corporation (x) shall pay the Executive (in
addition to the Accrued Obligations payable in accordance with Section 5.3(a)), the Severance Benefit, plus an additional amount equal to the Executive’s then- Target Incentive Bonus (collectively, the “Enhanced Severance Benefit”)
and (y) provide the Executive the Continued Medical Benefits. 
 (d)    The Corporation shall pay (or
provide, as applicable) the Severance Benefit or the Enhanced Severance Benefit, as applicable, to the Executive in substantially equal installments during the 12 month period commencing on the Executive’s termination in accordance with the
Corporation’s payroll cycle; provided, however, that amounts that otherwise would be scheduled to be paid during the Release Period (as defined in Section 5.4(a)) shall accrue and shall be paid on the first payroll date following the expiration
of the Release Period. 
 (e)    Notwithstanding anything to the contrary in this Section 5.3, if the
Executive’s termination of employment is not a “Separation from Service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations and other published guidance
thereunder (including §1.409A-1(h)), then, if required in order to comply with the provisions of Section 409A of the Code, payment of the Severance Benefit or the Enhanced Severance Benefit shall be delayed until such a Separation from Service
occurs. The treatment (including, without limitation, the cancellation or vesting thereof and/or the entitlement of the Executive thereto) of any outstanding equity awards then held by the Executive as of the Severance Date shall be subject to the
applicable terms of the Equity Plan and the applicable award agreements. 

  
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 (f)    Notwithstanding the foregoing provisions of this
Section 5.3, if the Executive is found to have breached the Executive’s obligations under Section 6 of this Agreement, (i) the Executive shall no longer be entitled to, and the Corporation shall no longer be obligated to pay, any remaining
unpaid portion of the Severance Benefit or the Enhanced Severance Benefit, as applicable, as of the date of such breach, and (ii) the Executive shall, at the request of the Corporation, repay any portion of the Severance Benefit or the Enhanced
Severance Benefit, as applicable, previously paid or provided to the Executive. (For purposes of determining repayment of benefits, if any, the Executive shall repay the Corporation its costs incurred to provide such benefits.) Any disputes
with respect to the application of this Section 5.3(f) will be subject to Section 17 hereof; provided that during the pendency of any such dispute, the Corporation will be entitled to withhold any payments pursuant to this Section 5.3 so long as the
Corporation believes, in good faith, that it is reasonably likely to prevail in such dispute. 

(g)    The foregoing provisions of this Section 5.3 shall not affect: (i) the Executive’s receipt of
benefits otherwise due terminated employees under group insurance coverage consistent with the terms of the applicable Corporation welfare benefit plan; (ii) the Executive’s rights under COBRA to continue participation in medical, dental,
hospitalization and such other benefit plans covered by COBRA; or (iii) the Executive’s receipt of benefits otherwise due in accordance with the terms of the Corporation’s 401(k) plan (if any). 

(h)    Notwithstanding any provision of this Agreement to the contrary, to the extent necessary to satisfy
Section 105(h) of the Code, the Corporation will be permitted to alter the manner in which the Continued Medical Benefits are provided to the Executive following termination of the Executive’s employment; provided that the after- tax cost to
the Executive of such benefits shall not be greater than the cost applicable to similarly situated executives of the Corporation who have not terminated employment. 

5.4 Release; Exclusive Remedy. 

(a)    As a condition precedent to any Corporation obligation to the Executive pursuant to Section 5.3(b)
and Section 5.3(c), the Executive shall, upon or within sixty (60) days following termination of employment with the Corporation (such 60-day period being referred to as the “Release Period”), provide the Corporation with a valid, executed
general release substantially in the form attached as Exhibit D, and such release agreement shall have not been revoked by the Executive, and shall have become non- revocable, pursuant to, or in accordance with, any revocation rights afforded by
applicable law prior to the expiration of the Release Period. 

  
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 (b)    The Executive agrees that the payments and benefits
contemplated by Section 5.3 shall constitute the exclusive and sole remedy for any termination of employment during the term of this Agreement and the Executive covenants not to assert or pursue any other remedies, at law or in equity, with respect
to any termination of employment. 
 5.5    Certain Defined Terms. In the event of a conflicting
definition between this Agreement and any other agreement between the Corporation and the Executive, the definitions of Cause and Good Reason contained in this Agreement shall govern unless such other agreement states otherwise by specifically
making reference to this Agreement. 
 (a)    As used herein, “Cause” shall mean that one or
more of the following has occurred: 
 (i)    the Executive has been convicted of, plead guilty or no
contest to or entered into a plea agreement with respect to (x) any felony (under the laws of the United States, any relevant state, or the equivalent of a felony in any international jurisdiction in which the Corporation does business) or (y) any
crime involving dishonesty or moral turpitude; 
 (ii)    the Executive has engaged in any willful
misconduct (including any violation of federal securities laws), gross negligence, act of dishonesty, violence or threat of violence, in each case, that would reasonably be expected to result in a material injury to the Corporation; 

(iii)    the Executive has breached a material written policy of the Corporation (a copy of which has
reasonably been made available to Executive) or the rules of any governmental or regulatory body applicable to the Corporation; 

(iv)    the Executive (y) has willfully failed to materially perform or uphold the Executive’s duties
under this Agreement and/or (z) willfully fails to comply with lawful directives of the Board; or 

(v)    the Executive has materially breached this Agreement or any other material contract to which the
Executive and the Corporation are parties; 
 provided that, with respect to Sections 5.5(a)(iii), 5.5(a)(iv)(z), and
5.5(a)(v) and if the event giving rise to the claim of Cause is curable, the Corporation provides written notice to the Executive of the event within thirty (30) days of the Corporation learning of the occurrence of such event, and such Cause event
remains uncured thirty (30) days after the Corporation has provided such written notice; provided further that any termination of the Executive’s employment for “Cause” with respect to Sections 5.5(a)(iii), 5.5(a)(iv)(z) or 5.5(a)(v)
occurs no later than thirty (30) days following the expiration of such cure period. 
 (b)    As used
herein, “Disability” shall mean a disability that qualifies the Executive for benefits under the Corporation’s long-term disability plan. 

  
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 (c)    As used herein, “Good Reason” shall mean
that one or more of the following has occurred without the Executive’s written consent: 
 (i)    a
material diminution in the nature or scope of the Executive’s responsibilities, duties or authority as the President and Chief Financial Officer of the Parent and the Chief Financial Officer of the Corporation; 

(ii) the Corporation’s material breach of this Agreement; 

(iii)    the Corporation’s relocation of its principal offices more than fifty (50) miles from the
prior location; or 
 (iv)    a reduction in the Executive’s Base Salary or Target Incentive Bonus
other than, for both Base Salary and target Incentive Bonus individually, a one-time reduction of not more than ten percent (10%) that also is applied to substantially all other executive officers of the Corporation; 

provided that, in any such case, the Executive provides written notice to the Corporation of the event giving rise to such claim of Good Reason
within thirty (30) days after the Executive learns of the occurrence of such event, and such Good Reason event remains uncured thirty (30) days after the Executive has provided such written notice; provided further that any resignation of the
Executive’s employment for “Good Reason” occurs no later than thirty (30) days following the expiration of such cure period. 

5.6    Resignation from Directorships and Officerships. The termination of the Executive’s
employment with the Corporation for any reason shall be treated as the Executive’s resignation from (i) any director, officer or employee position the Executive has with the Corporation, Parent, and any of their respective affiliates, including
the Executive’s positions on the Board and on Parent Board, and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Corporation or any of its
affiliates. The Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance. Furthermore, the Executive agrees to execute any documents evidencing such resignations that the Corporation reasonably
requests. 
 5.7    280G Implications. In the event that it shall be determined that any pay- ment,
distribution or other action by the Corporation to or for the benefit of the Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, (a “Payment”)) would be subject to any
excise tax imposed by Section 4999 of the Code (an “Excise Tax”), and if, immediately prior to the Relevant 280G Event, the Payments are eligible for the shareholder approval exemption under Section 280G(b)(5)(B) of the Code, then: (i) the
Corporation shall submit the Payments for shareholder approval to the extent necessary for no Excise Tax to be due and (ii) the Executive shall execute such releases or other documents necessary to seek to obtain the requisite shareholder approval
in a manner satisfying Section 280G(b)(5)(B) of the Code. For purposes of this Section 5.7, “Relevant 280G Event” means the relevant change in ownership or effective control, or change in the ownership of a substantial portion of the
assets, of a corporation (all within the meaning of Section 280G of the Code), that will or may result in Payments becoming subject to the Excise Tax. 

  
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 6.    Protective Covenants. In consideration for the compensation
and benefits provided to the Executive by the Corporation under this Agreement, including, without limitation, specialized training and access to Confidential Information, the Executive hereby agrees to the protective covenants listed below in this
Section 6. For purposes of this Section 6, the Corporation shall mean the Corporation together with its parents, subsidiaries and affiliates. In addition, the Executive agrees to execute the Corporation’s standard forms of confidentiality,
proprietary information, and related agreements, copies of which were provided herewith. 

6.1    Non-Solicitation of Service Providers. During the 12 months following the termination of the
Executive’s employment with the Corporation (the “Restricted Period”), the Executive shall not directly or indirectly solicit, induce, recruit, encourage, take away, or hire (or attempt any of the foregoing actions) or otherwise cause
(or attempt to cause) any individual or entity who is, or was during the then most recent six (6)-month period, an officer, representative, agent, director, employee or independent contractor of the Corporation or any of its affiliates to leave his,
her, or its employment or engagement with the Corporation or a Corporation affiliate, either for employment or service with the Executive or with any other entity or person, or otherwise interfere with or disrupt (or attempt to disrupt) the
employment or service relationship between any such individual or entity and the Corporation and its affiliates. The Executive will not be deemed to have violated this Section 6.3 if employees respond to general advertisements for employment or if
the Board provides unanimous prior written consent to the activities of the Executive (all such requests for consent will be given good faith consideration by the Board). 

6.2    Non-Interference with Business Relations. During the Restricted Period, the
Executive shall not directly or indirectly induce or attempt to induce any supplier, licensee or other person or entity then having a business relationship with the Corporation or any of its affiliates to cease doing business with the Corporation or
any of its affiliates, or in any way knowingly interfere with the relationship between the Corporation or any of its affiliates and any supplier, licensee or other business relationship. As used herein, and as used in Section 6.2, the term
“indirectly” will include, without limitation, the authorized use of the Executive’s name by another person or entity to induce or interfere with any employee or business relationship of the Corporation or any of its affiliates. 

6.3    Confidentiality of Agreement. The Executive agrees that, except as may be required
by applicable law or legal process, during employment with the Corporation and thereafter, the Executive shall not disclose the terms of this Agreement to any person or entity other than the Executive’s accountants, financial advisors,
attorneys or spouse, provided that such accountants, financial advisors, attorneys and spouse agree not to disclose the terms of this Agreement to any other person or entity. 

  
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 6.4    Understanding of Covenants. The
Executive represents that the Executive (i) is familiar with the foregoing non-solicitation, non-interference, and non-disparagement covenants, (ii) is fully aware of the Executive’s obligations hereunder, (iii) agrees to the reasonableness of
the length of time, scope and geographic coverage of the foregoing covenants, and (iv) agrees that such covenants are necessary to protect the Corporation’s confidential and proprietary information, good will, stable workforce, and customer
relations. 
 6.5    Remedy for Breach. The Executive agrees that a breach of any of
the covenants of this Section 6 would cause material and irreparable harm to the Corporation that would be difficult or impossible to measure, and that damages or other legal remedies available to the Corporation for any such injury would,
therefore, be an inadequate remedy for any such breach. Accordingly, the Executive agrees that in the event of a breach of any term of this Section 6, the Corporation shall be entitled, in addition to and without limitation upon all other remedies
the Corporation may have under this Agreement, at law or otherwise, to obtain injunctive or other appropriate equitable relief, without bond or other security, to restrain any such breach. Such equitable relief in any court shall be available to the
Corporation in lieu of, or prior to or pending determination in any arbitration proceeding. 
 7.    Defense of
Claims. The Executive agrees that, during the term hereof, and for a period of five (5) years after termination of the Executive’s employment, upon request from the Corporation, the Executive will cooperate with the Corporation in the
defense of any claims or actions that may be made by or against the Corporation that affect the Executive’s prior areas of responsibility, except if the Executive’s reasonable interests are adverse to the Corporation in such claim or
action. The Corporation agrees that it shall reimburse the reasonable out of pocket costs and attorney fees the Executive actually incurs in connection with the Executive providing such assistance or cooperation to the Corporation, in
accordance with the Corporation’s standard policies and procedures as in effect from time to time, provided that the Executive shall have obtained prior written approval from the Corporation for any travel or legal fees and expenses incurred by
the Executive in connection with the Executive’s obligations under this Section 7. 
 8.    Source of
Payments. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Corporation, and no special or separate fund shall be
established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatsoever in or to any investments which the Corporation may make to aid the Corporation in meeting its
obligations hereunder. Any payments provided under this Agreement shall be treated as amounts owed to an unsecured creditor of the Corporation. 

9.    Withholding. Notwithstanding anything else herein to the contrary, the Corporation may withhold (or cause
there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant to this Agreement such federal, state and local income, employment, or other taxes or other amounts as may be required to be withheld pursuant to
any applicable law or regulation. 

  
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	10.	Assignment; Binding Effect. 

 (a)    By the
Executive. This Agreement and any and all rights, duties, obligations or interests hereunder shall not be assignable or delegable by the Executive. 

(b)    By the Corporation. This Agreement and all of the Corporation’s rights and obligations
hereunder shall not be assignable by the Corporation except as incident to a reorganization, merger or consolidation, or transfer of all or substantially all of the Corporation’s assets. 

(c)    Binding Effect. This Agreement shall be binding upon, and inure to the benefit of, the parties
hereto, any successors to or assigns of the Corporation and the Executive’s heirs and the personal representatives of the Executive’s estate. 

11.    Number and Gender. Where the context requires, the singular shall include the plural, the plural shall include
the singular, and any gender shall include all other genders. 
 12.    Section Headings. The section headings
of, and titles of paragraphs and subparagraphs contained in, this Agreement are for the purpose of convenience only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation thereof. 

13.    Governing Law. This Agreement, and all questions relating to its validity, interpretation, performance
and enforcement, as well as the legal relations hereby created between the parties hereto, shall be governed by and construed under, and interpreted and enforced in accordance with, the laws of the State of California applicable to contracts
executed solely in Michigan and to be performed entirely within that State. 
 14.    Survival of Certain
Provisions. Sections 5, 6, 7, 9, 13, 15, 16, 17, 18, 19 and 20 shall survive any termination or expiration of this Agreement. 

15.    Entire Agreement. This Agreement embodies the entire agreement of the parties hereto respecting the
matters within its scope. As of the date hereof, this Agreement supersedes all prior and contemporaneous agreements of the parties hereto that directly or indirectly bear upon the subject matter hereof. Any prior negotiations, correspondence,
agreements, proposals or understandings relating to the subject matter hereof shall be deemed to be of no force or effect, and the parties to any such other negotiations, commitments, agreements or writings shall have no further rights or
obligations thereunder. There are no representations, warranties, or agreements, whether express or implied, or oral or written, with respect to the subject matter hereof, except as expressly set forth herein. 

16.    Modifications, Waivers. This Agreement may not be amended, modified or changed (in whole or in part),
except by an instrument in writing signed by both parties hereto. The waiver by either party of compliance with any provision of this Agreement by the other party shall not operate or be construed as a waiver of any other provision of this
Agreement, or of any subsequent breach by such party of a provision of this Agreement. 

  
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 17.    Arbitration. Except as provided in Section 6.6, the Executive and
the Corporation agree that to the extent permitted by law, any dispute or controversy arising out of, relating to, or in connection with this Agreement, or the interpretation, validity, construction, performance, breach, or termination thereof, or
the Executive’s employment by the Corporation or any termination thereof, will be settled by arbitration to be held at a location in San Francisco, California in accordance with then applicable rules of the American Arbitration Association
specifically designed for the resolution of employment disputes (such rules previously referred to as the National Rules for the Resolution of Employment Disputes). The Executive acknowledges that a copy of such rules in effect as of the date hereof
has been provided to the Executive. The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator will be final, conclusive and binding on the parties to the arbitration. Judgment may be
entered on the arbitrator’s decision in any court having jurisdiction. The Corporation shall pay the costs associated with arbitration (arbitration fee and location fee, if any); provided, however, that each party shall bear its own legal fees
and expenses. Notwithstanding the foregoing, the arbitrator shall be permitted to award costs associated with arbitration in the event the arbitrator determines a claim is frivolous. 

18.    Notices. All notices, requests, demands and other communications required or permitted under this
Agreement shall be in writing (including in electronic formats) and shall be deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, (iii) sent to an email address of record, or (iv) sent
by registered or certified mail, postage prepaid, return receipt requested. Any notice shall be duly addressed to the parties as follows: 

if to the Corporation: 
 Ichor
Systems, Inc. 
 3979 Freedom Circle 

Suite 620 
 Santa Clara,
CA 95054 
 Attention: Chief Executive Officer 

with a copy to: 
 Francisco
Partners 
 One Letterman Drive 

Building C – Suite 410 
 San
Francisco, CA 94129 
 Attention: Andrew Kowal 

if to the Executive, to the address (or e-mail address) most recently on file in the personnel records of the Corporation. 

  
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 19.     Code Section 409A. 

(a)    This Agreement is intended to meet the requirements of Section 409A of the Code, and shall be
interpreted and construed consistent with that intent. Each payment provided hereunder, whether part of the Severance Benefit or otherwise, is intended to be a separate payment for purposes of Section 409A of the Code, including Treasury Regulation
1.409A-2(b)(2). 
 (b)    Notwithstanding any other provision of this Agreement, to the extent that the
right to any payment (including the provision of benefits) hereunder provides for the “deferral of compensation” within the meaning of Section 409A(d)(1) of the Code, the payment shall be paid (or provided) in accordance with the
following: 
 (i)    If the Executive is a “Specified Employee” within the meaning of Section
409A(a)(2)(B)(i) of the Code on the date of the Executive’s Separation from Service (the “Separation Date”), then no payment of non-qualified deferred compensation (within the meaning of Section 409A of the Code) otherwise to be made
as a result of the Executive’s Separation from Service shall be made or commence during the period beginning on the Separation Date and ending on the date that is six months following the Separation Date or, if earlier, on the date of the
Executive’s death. The amount of any payment that would otherwise be paid to the Executive during this period shall instead be paid to the Executive on the first day of the first calendar month following the end of such six-month period. 

(ii)    Payments with respect to reimbursements of expenses or benefits or provision of fringe or other
in-kind benefits shall be made on or before the last day of the calendar year following the calendar year in which the relevant expense or benefit is incurred. The amount of expenses or benefits eligible for reimbursement, payment or provision
during a calendar year shall not affect the expenses or benefits eligible for reimbursement, payment or provision in any other calendar year. 

20.    “Blue-Pencil”. If any provision of this Agreement shall be invalid or unenforceable, in whole
or in part, or as applied to any circumstances, under the laws of any jurisdiction which may govern for such purpose, then such provision shall be deemed, to the extent allowed by the laws of such jurisdiction, to be modified or restricted to the
extent and in the manner necessary to render the same valid and enforceable, either generally or as applied to such circumstance, or shall be deemed excised from this Agreement, as the case may require, and this Agreement shall be construed and
enforced to the maximum extent permitted by law, as if such provision had been originally incorporated herein as so modified or restricted, or as if such provision had not been originally incorporated herein, as the case may be. 

21.    Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed
an original as against any party whose signature appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together,
shall bear the signatures of all of the parties reflected hereon as the signatories. 

  
 13 

 22.    Legal Counsel. Each party recognizes that this is a legally
binding contract and acknowledges and agrees that they have had the opportunity to consult with legal counsel of their choice. The Executive agrees and acknowledges that he has read and understands this Agreement, is entering into it freely and
voluntarily, and has been advised to seek counsel prior to entering into this Agreement and has had ample opportunity to do so. This Agreement has resulted from negotiations and discussions between the parties and no one party shall be treated as
drafting this Agreement for purposes of interpreting any provision hereof. 
 [The remainder of this page has intentionally been left
blank] 

  
 14 

 IN WITNESS WHEREOF, the Corporation, Parent and the Executive have executed this Agreement
as of the date set forth above. 
  

			
	ICHOR SYSTEMS, INC.
		
	By:	 	 /s/ Andrew Kowal

	Name:	 	Andrew Kowal
	Title:	 	Secretary
	
	ICHOR HOLDINGS, LTD.
		
	By:	 	 /s/ Andrew Kowal

	Name:	 	Andrew Kowal
	Title:	 	Director
	
	MAURICE CARSON
	
	 /s/ Maurice Carson

 [SIGNATURE PAGE TO EMPLOYMENT AGREEMENT] 

 Exhibit A 

List of Outside Activities 

 Exhibit B 

STOCK OPTION AWARD 

 Exhibit C 

RESTRICTED SHARE AWARD 

 Exhibit D 

GENERAL RELEASE OF ALL CLAIMS 

This General Release of all Claims (this “Agreement”) is entered into by Maurice Carson (the “Employee”) and Ichor
Systems, Inc. (the “Company”), effective as of                     , but subject to the Employee’s right to revoke as set forth in
Section 3(c). In consideration of the promises set forth herein, the Employee and the Company agree as follows: 

1.    Return of Property. All files, access keys and codes, desk keys, ID badges, computers,
records, manuals, electronic devices, computer programs, papers, electronically stored information or documents, telephones and credit cards, and any other property of the Company or any affiliate thereof previously in the Employee’s possession
or control has been returned to the Company. 
 2.    Severance. The Company shall pay to the
Employee the [Enhanced Severance Benefit][Severance Benefit] (as defined in the Employment Agreement between the Company and the Employee dated as of September 19, 2014 (the “Employment Agreement”)) in accordance with, and subject to, the
provisions of the Employment Agreement. 
 3.    General Release and Waiver of Claims. 

(a)    Release. Having consulted with counsel, the Employee, on behalf of him/herself and each of
his/her respective heirs, executors, administrators, representatives, agents, insurers, successors and assigns (collectively, and including the Employee, the “Releasors”) hereby irrevocably and unconditionally releases and forever
discharges the Company, its subsidiaries and affiliates (including without limitation Francisco Partners) and each of their respective officers, employees, directors, members, shareholders, parents, subsidiaries and agents
(“Releasees”) from any and all claims, actions, causes of action, rights, judgments, obligations, damages, demands, accountings or liabilities of whatever kind or character (collectively, “Claims”),
including, without limitation, any Claims under any federal, state, local or foreign law, that the Releasors may have, or in the future may possess, whether known or unknown, arising out of (i) the Employee’s employment relationship with and
service as an employee, officer or director of the Company or any parents, subsidiaries or other affiliated companies and the termination of such relationship or service, and (ii) any event, condition, circumstance or obligation that occurred,
existed or arose on or prior to the date hereof; provided, however, that the Employee does not release, discharge or waive any rights to (i) payments and benefits provided under this Agreement, (ii) benefit claims under any employee benefit plans in
which Employee is a participant by virtue of his/her employment with the Company arising after the execution of this Agreement by Employee, and (iii) any indemnification rights the Employee may have in accordance with applicable law or under any
director and officer liability insurance maintained by the Company with respect to liabilities 

 
arising as a result of the Employee’s service as an officer, if applicable, and employee of the Company. This Paragraph 3(a) does not apply to any Claims that the Releasors may have as
of the date the Employee signs this Agreement arising under the Federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”) or any other claims that may not be
released as a matter of law. Claims arising under ADEA are addressed in Paragraph 3(c) of this Agreement. 

(b)    Unknown Claims. The Employee acknowledges that he/she may hereafter discover Claims or facts in
addition to or different from those which the Employee now knows or believes to exist with respect to the subject matter of this release and which, if known or suspected at the time of executing this release, may have materially affected this
release or the Employee’s decision to enter into it. Nevertheless, the Employee, on behalf of him/herself and the other Releasors, hereby waives any right or Claim that might arise as a result of such different or additional Claims or
facts. In addition, the Employee, on behalf of him/herself and the other Releasors, hereby waives any and all rights and benefits conferred upon him/her and the other Releasors by the provisions of Section 1542 of the Civil Code of the State of
California, which provides as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST
IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

(c)    Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to
the Employee under this Agreement, the Employee, on behalf of him/herself and the other Releasors, hereby unconditionally releases and forever discharges the Releasees from any and all Claims arising under ADEA that the Releasors may have as of the
date the Employee signs this Agreement. By signing this Agreement, the Employee hereby acknowledges and confirms the following: (i) the Employee was advised by the Company in connection with his/her termination to consult with an attorney of
his/her choice prior to signing this Agreement and to have such attorney explain to the Employee the terms of this Agreement, including, without limitation, the terms relating to the Employee’s release of claims arising under ADEA, and the
Employee has in fact consulted with an attorney; (ii) the Employee was given a period of not fewer than [21] days to consider the terms of this Agreement and to consult with an attorney of his/her choosing with respect thereto; (iii) the Employee
knowingly and voluntarily accepts the terms of this Agreement; and (iv) the Employee is providing this release and discharge only in exchange for consideration in addition to anything of value to which the Employee is already entitled. The
Employee also understands that he/she has seven days following the date on which he/she signs this Agreement within which to revoke the release contained in this paragraph, by providing the Company with a written notice of his/her revocation of the
release and waiver contained in this paragraph. 

  
 2 

 (d)    No Assignment. The Employee represents and warrants that
he/she has not assigned any of the Claims being released under this Agreement. The Company may assign this Agreement, in whole or in part, to any affiliated company, including subsidiaries of the Company, or any successor in interest to the Company.

  

	 	4.	Proceedings. 

 (a)    General Agreement Relating to
Proceedings. The Employee has not filed, and except as provided in Paragraphs 4(b) and 4(c), the Employee agrees not to initiate or cause to be initiated on his/her behalf, any complaint, charge, claim or proceeding against the Releasees
before any local, state or federal agency, court or other body relating to his/her employment or the termination of his/her employment, other than with respect to the obligations of the Company to the Employee under this Agreement or any
indemnification rights the Employee may have as listed in Paragraph 3(a) (each, individually, a “Proceeding”), and agrees not to participate voluntarily in any Proceeding. The Employee waives any right he/she may have to
benefit in any manner from any relief (whether monetary or otherwise) arising out of any Proceeding. 

(b)    Proceedings Under ADEA. Paragraph 4(a) shall not preclude the Employee from filing any
complaint, charge, claim or proceeding challenging the validity of the Employee’s waiver of Claims arising under ADEA (which is set forth in Paragraph 3(c) of this Agreement). However, both the Employee and the Company confirm their belief that
the Employee’s waiver of claims under ADEA is valid and enforceable, and that their intention is that all claims under ADEA will be waived. 

(c)    Certain Administrative Proceedings. In addition, Paragraph 4(a) shall not preclude the Employee
from filing a charge with, or participating in any administrative investigation or proceeding by, the Equal Employment Opportunity Commission or another fair employment practices agency. The Employee is, however, waiving his/her right to recover
money in connection with any such charge or investigation. The Employee is also waiving his/her right to recover money in connection with a charge filed by any other entity or individual, or by any federal, state or local agency. 

5.    Severability Clause. In the event that any provision or part of this Agreement is found to be
invalid or unenforceable, only that particular provision or part so found, and not the entire Agreement, shall be inoperative. 

6.    Nonadmission. Nothing contained in this Agreement shall be deemed or construed as an
admission of wrongdoing or liability on the part of the Company. 
 7.    Governing Law and Forum.
This Agreement and all matters or issues arising out of or relating to your employment with the Company shall be governed by the laws of the State of California applicable to contracts entered into and performed entirely therein. Any action to
enforce this Agreement shall be brought solely in the state or federal courts located in the County of San Francisco, California. 

  
 3 

 8.    Arbitration. Any dispute or controversy
arising under or in connection with this Agreement or otherwise in connection with the Executive’s employment by the Corporation that cannot be mutually resolved by the parties to this Agreement and their respective advisors and representatives
shall be settled exclusively by arbitration in accordance with the provisions of Section 17 of the Employment Agreement. 

9.    Notices. Notices under this Agreement must be given as is specified in Section 18 of the
Employment Agreement. 
 THE EMPLOYEE ACKNOWLEDGES THAT HE/SHE HAS READ THIS AGREEMENT AND THAT HE/SHE FULLY KNOWS, UNDERSTANDS AND
APPRECIATES ITS CONTENTS, AND THAT HE/SHE HEREBY EXECUTES THE SAME AND MAKES THIS AGREEMENT AND THE RELEASE AND AGREEMENTS PROVIDED FOR HEREIN VOLUNTARILY AND OF HIS/HER OWN FREE WILL. 

[The remainder of this page has intentionally been left blank] 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates set forth below. 

 

			
	ICHOR SYSTEMS, INC.
		
	By:	 	  

		
	Its:	 	  

		
	Dated:	 	  

	
	MAURICE CARSON
	
	  

		
	Dated:	 	  

  
 4EX-10.9

 Exhibit 10.9 

ICHOR HOLDINGS LTD. 

2012 EQUITY INCENTIVE PLAN 

ADOPTED ON MARCH 16, 2012 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	 ESTABLISHMENT AND PURPOSE
	  	 	1	  
			
	 SECTION 2.
	 	 ADMINISTRATION
	  	 	1	  
	 (a)
	 	 Committees of the Board of Directors
	  	 	1	  
	 (b)
	 	 Authority of the Board of Directors
	  	 	1	  
			
	 SECTION 3.
	 	 ELIGIBILITY
	  	 	1	  
	 (a)
	 	 General Rule
	  	 	1	  
	 (b)
	 	 Ten-Percent Stockholders
	  	 	1	  
			
	 SECTION 4.
	 	 STOCK SUBJECT TO PLAN
	  	 	2	  
	 (a)
	 	 Basic Limitation
	  	 	2	  
	 (b)
	 	 Additional Shares
	  	 	2	  
			
	 SECTION 5.
	 	 PARTICIPANT ACKNOWLEDGEMENTS
	  	 	2	  
	 (a)
	 	 Acknowledgements
	  	 	2	  
			
	 SECTION 6.
	 	 TERMS AND CONDITIONS OF AWARDS OR SALES
	  	 	3	  
	 (a)
	 	 Stock Grant or Purchase Agreement
	  	 	3	  
	 (b)
	 	 Duration of Offers and Nontransferability of Rights
	  	 	4	  
	 (c)
	 	 Purchase Price
	  	 	4	  
	 (d)
	 	 Withholding Taxes
	  	 	4	  
	 (e)
	 	 Transfer Restrictions and Forfeiture Conditions
	  	 	4	  
			
	 SECTION 7.
	 	 TERMS AND CONDITIONS OF OPTIONS
	  	 	4	  
	 (a)
	 	 Stock Option Agreement
	  	 	4	  
	 (b)
	 	 Number of Shares
	  	 	4	  
	 (c)
	 	 Exercise Price
	  	 	4	  
	 (d)
	 	 Exercisability
	  	 	4	  
	 (e)
	 	 Basic Term
	  	 	5	  
	 (f)
	 	 Termination of Service (Except by Death)
	  	 	5	  
	 (g)
	 	 Leaves of Absence
	  	 	5	  
	 (h)
	 	 Death of Optionee
	  	 	5	  
	 (i)
	 	 Post-Exercise Restrictions on Transfer of Shares
	  	 	6	  
	 (j)
	 	 Pre-Exercise Restrictions on Transfer of Options or Shares
	  	 	6	  
	 (k)
	 	 Withholding Taxes
	  	 	6	  
	 (l)
	 	 No Rights as a Member
	  	 	7	  
	 (m)
	 	 Modification, Extension and Assumption of Options
	  	 	7	  
	 (n)
	 	 Company’s Right to Cancel Certain Options
	  	 	7	  
			
	 SECTION 8.
	 	 PAYMENT FOR SHARES
	  	 	7	  
	 (a)
	 	 General Rule
	  	 	7	  
	 (b)
	 	 Services Rendered
	  	 	7	  
	 (c)
	 	 Surrender of Stock
	  	 	7	  
	 (d)
	 	 Exercise/Sale
	  	 	7	  
	 (e)
	 	 Other Forms of Payment
	  	 	7	  

  
 i 

							
	 SECTION 9.
	 	 ADJUSTMENT OF SHARES
	  	 	8	  
	 (a)
	 	 General
	  	 	8	  
	 (b)
	 	 Mergers and Consolidations; Sale of the Company
	  	 	8	  
	 (c)
	 	 Reservation of Rights
	  	 	8	  
			
	 SECTION 10.
	 	 REPURCHASE PROVISIONS
	  	 	9	  
	 (a)
	 	 Repurchase Option
	  	 	9	  
	 (b)
	 	 Repurchase Price
	  	 	9	  
	 (c)
	 	 Repurchase Procedures
	  	 	9	  
	 (d)
	 	 Closing
	  	 	10	  
	 (e)
	 	 Termination of Repurchase Option
	  	 	10	  
			
	 SECTION 11.
	 	 MISCELLANEOUS PROVISIONS
	  	 	10	  
	 (a)
	 	 Securities Law Requirements
	  	 	10	  
	 (b)
	 	 No Retention Rights
	  	 	11	  
	 (c)
	 	 Treatment as Compensation
	  	 	11	  
	 (d)
	 	 Governing Law
	  	 	11	  
			
	 SECTION 12.
	 	 DURATION AND AMENDMENTS
	  	 	11	  
	 (a)
	 	 Term of the Plan
	  	 	11	  
	 (b)
	 	 Right to Amend or Terminate the Plan
	  	 	11	  
	 (c)
	 	 Effect of Amendment or Termination
	  	 	11	  
			
	 SECTION 13.
	 	 DEFINITIONS
	  	 	12	  

  
 ii 

 ICHOR HOLDINGS LTD. 2012 

EQUITY INCENTIVE PLAN 

 

	SECTION 1.	ESTABLISHMENT AND PURPOSE. 

 The purpose of the Plan is to offer selected persons
an opportunity to acquire a proprietary interest in the success of the Company, or to increase such interest, by acquiring Shares of the Company’s Stock. The Plan provides both for the direct award or sale of Shares and for the grant of Options
to purchase Shares. Options granted under the Plan may include Nonstatutory Options as well as ISOs intended to qualify under Section 422 of the Code. 

Capitalized terms are defined in Section 13. 
  

	SECTION 2.	ADMINISTRATION. 

 (a) Committees of the Board of Directors. The Plan may be
administered by one or more Committees. Each Committee shall consist of two or more members of the Board of Directors who have been appointed by the Board of Directors. Each Committee shall have such authority and be responsible for such functions
as the Board of Directors has assigned to it. If no Committee has been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board of Directors in the Plan shall be construed as a reference to the Committee (if
any) to whom the Board of Directors has assigned a particular function. 
 (b) Authority of the Board of Directors. Subject to the
provisions of the Plan, the Board of Directors shall have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. All decisions, interpretations and other actions of the Board of
Directors shall be final and binding on all Purchasers, all Optionees and all persons deriving their rights from a Purchaser or Optionee. 
  

	SECTION 3.	ELIGIBILITY. 

 (a) General Rule. Only Employees, Outside Directors and
Consultants shall be eligible for the grant of Nonstatutory Options or the direct award or sale of Shares. Only Employees shall be eligible for the grant of ISOs. 

(b) Ten-Percent Stockholders. A person who owns more than 10% of the total combined voting
power of all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries shall not be eligible for the grant of an ISO unless (i) the Exercise Price is at least 110% of the Fair Market Value of a Share on the Date of
Grant and (ii) such ISO by its terms is not exercisable after the expiration of five years from the Date of Grant. For purposes of this Subsection (b), in determining stock ownership, the attribution rules of Section 424(d) of the
Code shall be applied. 

	SECTION 4.	STOCK SUBJECT TO PLAN. 

 (a) Basic Limitation. Not more than twenty-one
million (21,000,000) Shares may be issued under the Plan, subject to Subsection (b) below and Section 9(a). All of these Shares may be issued upon the exercise of ISOs. The number of Shares that are subject to Options or other
rights outstanding at any time under the Plan shall not exceed the number of Shares that then remain available for issuance under the Plan. 

(b) Additional Shares. In the event that Shares previously issued under the Plan are repurchased by the Company, such Shares shall be
added to the number of Shares then available for issuance under the Plan. In the event that Shares that otherwise would have been issuable under the Plan are withheld by the Company in payment of the Purchase Price, Exercise Price or withholding
taxes, such Shares shall remain available for issuance under the Plan. In the event that an outstanding Option or other right for any reason expires or is canceled, the Shares allocable to the unexercised portion of such Option or other right shall
be added to the number of Shares then available for issuance under the Plan. 
  

	SECTION 5.	PARTICIPANT ACKNOWLEDGEMENTS. 

 (a) Acknowledgements. In connection with
the grant of any Option and/or the issuance of any Shares pursuant to this Plan, each Participant acknowledges and agrees, that as a condition to any such grant or issuance: 

(i) No Duty to Disclosure. The Company will have no duty or obligation to disclose to any Participant, and no Participant will have any
right to be advised of, any material information regarding the Company or its Subsidiaries at any time prior to, upon or in connection with the repurchase of any Option or Stock upon the termination of such Participant’s employment with the
Company or its Subsidiaries or as otherwise provided under this Plan or any written agreement evidencing the grant of any Option or the issuance of any shares of Stock. 

(ii) No Right to Employment. Neither the grant of any Option, the issuance of any Stock nor any provision contained in this Plan or in
any written agreement evidencing the grant of any Option or the issuance of any Stock shall entitle such Participant to remain in the employment of the Company or its Subsidiaries or affect the right of the Company to terminate any
Participant’s employment at any time for any reason. 
 (iii) Consultation with Counsel. Such Participant will have consulted,
or will have had an opportunity to consult with, independent legal counsel regarding his or her rights and obligations under this Plan and any written agreement evidencing any grant of any Option and he or she fully understands the terms and
conditions contained herein and therein. 
 (iv) Spousal Consent. If the Participant (i) is married at the time of the grant of
any Option under this Plan, (ii) becomes legally married (whether in the first instance or to a different spouse) subsequent to a grant of any Option under this Plan but prior to the purchase of any shares of Stock pursuant to this Plan, or
(iii) becomes legally married (whether in the first instance or to a different spouse) at any time subsequent to the date such Participant purchases any shares of Stock and prior to the occurrence of a Termination Event, such Participant shall
cause his or her spouse to execute and deliver to the Company an executed consent from such 

  
 2 

 
Participant’s spouse in the form of Exhibit 1 attached hereto. Such Participant’s failure to deliver the Company an executed consent in the form of Exhibit 1 at any time when such
Participant would otherwise be required to deliver such consent shall constitute such Participant’s continuing representation and warranty that such Participant is not legally married as of such date. 

(v) Non-Solicitation. During the term of any Participant’s employment with the Company or any of its Subsidiaries and during the
one year period immediately following such Participant’s Termination Date, Participant shall not directly or indirectly through another Person (i) induce or attempt to induce any employee of the Company or any Subsidiary to leave the
employ of the Company or such Subsidiary, or in any way interfere with the relationship between the Company or any Subsidiary and any employee thereof or (ii) hire or employ any person who is or was an employee of the Company or any Subsidiary;
provided that this Section 5(a)(v) shall not apply to any Participant who is bound by a written agreement with the Company or its Subsidiaries which includes employee non-solicitation and non-competition covenants. 

(vi) Confidential Information. The information, observations and data (including trade secrets) obtained by Participant while employed
by the Company or any of its Subsidiaries concerning the business or affairs of the Company or any of its Subsidiaries (“Confidential Information”) are the property of the Company or such Subsidiaries. Therefore, Participant agrees that
Participant shall not disclose to any person or entity or use for Participant’s own purposes during the term of such Participant’s employment with the Company or any of its Subsidiaries or at any time after the Termination Date any
Confidential Information or any confidential or proprietary information of other persons or entities in the possession of the Company and its Subsidiaries (“Third Party Information”), without the prior written consent of the Board, unless
and to the extent that the Confidential Information or Third Party Information becomes generally known to and available for use by the public other than as a result of Participant’s acts or omissions. Participant shall deliver to the Company at
the termination or expiration of Participant’s employment with the Company and its Subsidiaries, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer files, disks and tapes, printouts and
software and other documents and data (and copies thereof) embodying or relating to Third Party Information, Confidential Information, or the business of the Company or any if its Subsidiaries which Participant may then possess or have under his or
her control. 
  

	SECTION 6.	TERMS AND CONDITIONS OF AWARDS OR SALES. 

 (a) Stock Grant or Purchase
Agreement. Each award of Shares under the Plan shall be evidenced by a Stock Grant Agreement between the Grantee and the Company. Each sale of Shares under the Plan (other than upon exercise of an Option) shall be evidenced by a Stock Purchase
Agreement between the Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Board
of Directors deems appropriate for inclusion in a Stock Grant Agreement or Stock Purchase Agreement. The provisions of the various Stock Grant Agreements and Stock Purchase Agreements entered into under the Plan need not be identical. 

  
 3 

 (b) Duration of Offers and Nontransferability of Rights. Any right to purchase Shares
under the Plan (other than an Option) shall automatically expire if not exercised by the Purchaser within 30 days after the grant of such right was communicated to the Purchaser by the Company. Such right shall not be transferable and shall be
exercisable only by the Purchaser to whom such right was granted. 
 (c) Purchase Price. The Board of Directors shall determine the
Purchase Price of Shares to be offered under the Plan at its sole discretion. The Purchase Price shall be payable in a form described in Section 8. 

(d) Withholding Taxes. As a condition to the award, purchase, vesting or transfer of Shares, the Grantee or Purchaser shall make such
arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such event. 

(e) Transfer Restrictions and Forfeiture Conditions. Any Shares awarded or sold under the Plan shall be subject to the forfeiture
conditions, rights of repurchase, rights of first refusal and other transfer restrictions as all other Common Shares as set forth in the Plan and the Amended and Restated Memorandum and Articles of Association. 

 

	SECTION 7.	TERMS AND CONDITIONS OF OPTIONS. 

 (a) Stock Option Agreement. Each grant
of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. The Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions
which are not inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. 

(b) Number of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide
for the adjustment of such number in accordance with Section 9. The Stock Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory Option. 

(c) Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an Option shall not be less
than 100% of the Fair Market Value of a Share on the Date of Grant, and in the case of an ISO a higher percentage may be required by Section 3(b). Subject to the preceding sentence, the Exercise Price shall be determined by the Board of
Directors at its sole discretion. The Exercise Price shall be payable in a form described in Section 8. This Subsection (c) shall not apply to an Option granted pursuant to an assumption of, or substitution for, another option in a
manner that complies with Section 424(a) of the Code (whether or not the Option is an ISO). 
 (d) Exercisability. Each Stock
Option Agreement shall specify the date when all or any installment of the Option is to become exercisable. No Option shall be exercisable unless the Optionee (i) has delivered an executed copy of the Stock Option Agreement to the Company or
(ii) otherwise agrees to be bound by the terms of the Stock Option Agreement. The 

  
 4 

 
Board of Directors shall determine the exercisability provisions of the Stock Option Agreement at its sole discretion. All of an Optionee’s Options shall become exercisable in full if
Section 9(b)(iv) applies. 
 (e) Basic Term. The Stock Option Agreement shall specify the term of the Option. The term
shall not exceed the term of the Plan, and in the case of an ISO a shorter term may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when an Option is to
expire. 
 (f) Termination of Service (Except by Death). If an Optionee’s Service terminates for any reason other than the
Optionee’s death, then the Optionee’s Options shall expire on the earliest of the following dates: 
 (i) The expiration date
determined pursuant to Subsection (e) above; 
 (ii) The date which is 90 days after the termination of the Optionee’s Service for
any reason other than Disability, or such earlier or later date as the Board of Directors may determine (but in no event earlier than 30 days after the termination of the Optionee’s Service); or 

(iii) The date which is 180 days after the termination of the Optionee’s Service by reason of Disability, or such later date as the Board
of Directors may determine. 
 The Optionee may exercise all or part of the Optionee’s Options at any time before the expiration of such Options under
the preceding sentence, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and the underlying Shares had vested before the
Optionee’s Service terminated (or vested as a result of the termination). The balance of such Options shall lapse when the Optionee’s Service terminates. In the event that the Optionee dies after the termination of the Optionee’s
Service but before the expiration of the Optionee’s Options, all or part of such Options may be exercised (prior to expiration) by the executors or administrators of the Optionee’s estate or by any person who has acquired such Options
directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and
the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination). 
 (g) Leaves
of Absence. For purposes of Subsection (f) above, Service shall be deemed to continue while the Optionee is on a bona fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for this
purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company). 
 (h) Death of
Optionee. If an Optionee dies while the Optionee is in Service, then the Optionee’s Options shall expire on the earlier of the following dates: 

(i) The expiration date determined pursuant to Subsection (e) above; or 

  
 5 

 (ii) The date which is 1 year after the Optionee’s death, or such earlier or later date as
the Board of Directors may determine (but in no event earlier than 180 days after the Optionee’s death). 
 All or part of the Optionee’s Options
may be exercised at any time before the expiration of such Options under the preceding sentence by the executors or administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary
designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s death (or became exercisable as a result of the death) and the underlying Shares had vested before the Optionee’s
death (or vested as a result of the Optionee’s death). The balance of such Options shall lapse when the Optionee dies. 
 (i)
Post-Exercise Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of
Directors may determine. Such restrictions shall be set forth in the applicable Stock Option Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. 

(j) Pre-Exercise Restrictions on Transfer of Options or Shares. An Option shall be transferable by the Optionee only by (i) a
beneficiary designation, (ii) a will or (iii) the laws of descent and distribution, except as provided in the next sentence. If the applicable Stock Option Agreement so provides, a Nonstatutory Option shall also be transferable by gift or
domestic relations order to a Family Member of the Optionee. An ISO may be exercised during the lifetime of the Optionee only by the Optionee or by the Optionee’s guardian or legal representative. In addition, an Option shall comply with all
conditions of Rule 12h-1(f)(1) under the Exchange Act until the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. Such conditions include, without
limitation, the transferability restrictions set forth in Rule 12h-1(f)(1)(iv) and (v) under the Exchange Act, which shall apply to an Option and, prior to exercise, to the Shares to be issued upon
exercise of such Option during the period commencing on the Date of Grant and ending on the earlier of (i) the date when the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or
(ii) the date when the Company makes a determination that it will cease to rely on the exemption afforded by Rule 12h-1(f)(1) under the Exchange Act. During such period, an Option and, prior to
exercise, the Shares to be issued upon exercise of such Option shall be restricted as to any pledge, hypothecation or other transfer by the Optionee, including any short position, any “put equivalent position” (as defined in Rule 16a-1(h) under the Exchange Act) or any “call equivalent position” (as defined in Rule 16a-1(b) under the Exchange Act). 

(k) Withholding Taxes. As a condition to the grant or exercise of an Option, the Optionee shall make such arrangements as the Board of
Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such grant or exercise. The Optionee shall also make such arrangements as the Board of Directors may
require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the vesting or transfer of Shares acquired by exercising an Option or any similar event. 

  
 6 

 (l) No Rights as a Member. An Optionee, or a transferee of an Optionee, shall have no
rights as a member with respect to any Shares covered by the Optionee’s Option until such person becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms of such Option. 

(m) Modification, Extension and Assumption of Options. Within the limitations of the Plan, the Board of Directors may modify, extend or
assume outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or another issuer) in return for the grant of new Options for the same or a different number of Shares and at the same or a different
Exercise Price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair the Optionee’s rights or increase the Optionee’s obligations under such Option. 

(n) Company’s Right to Cancel Certain Options. Any other provision of the Plan or a Stock Option Agreement
notwithstanding, the Company shall have the right at any time to cancel an Option that was not granted in compliance with Rule 701 under the Securities Act. Prior to canceling such Option, the Company shall give the Optionee not less than 30
days’ notice in writing. If the Company elects to cancel such Option, it shall deliver to the Optionee consideration with an aggregate Fair Market Value equal to the excess of (i) the Fair Market Value of the Shares subject to such Option
as of the time of the cancellation over (ii) the Exercise Price of such Option. The consideration may be delivered in the form of cash or cash equivalents, in the form of Shares, or a combination of both. If the consideration would be a
negative amount, such Option may be cancelled without the delivery of any consideration. 
  

	SECTION 8.	PAYMENT FOR SHARES. 

 (a) General Rule. The entire Purchase Price or
Exercise Price of Shares issued under the Plan shall be payable in cash at the time when such Shares are purchased, except as otherwise provided in this Section 8. 

(b) Services Rendered. At the discretion of the Board of Directors, Shares may be awarded under the Plan in consideration of services
rendered to the Company or a Subsidiary prior to the award. 
 (c) Surrender of Stock. At the discretion of the Board of Directors,
all or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at
their Fair Market Value as of the date when the Option is exercised. 
 (d) Exercise/Sale. To the extent that a Stock Option
Agreement so provides, and if the Stock is publicly traded, all or part of the Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by
the Company to sell the Shares and to deliver all or part of the sales proceeds to the Company. 
 (e) Other Forms of Payment. To the
extent that a Stock Purchase Agreement or Stock Option Agreement so provides, the Purchase Price or Exercise Price of Shares issued under the Plan may be paid in any other form permitted by laws of the Cayman Islands, as amended. 

  
 7 

	SECTION 9.	ADJUSTMENT OF SHARES. 

 (a) General. In the event of a reorganization,
recapitalization, stock dividend or stock split, or combination or other change in the Shares or any merger, consolidation or exchange of shares, the Board or the Committee may, in order to prevent the dilution or enlargement of rights under
outstanding options, make such adjustments in the number and type of shares authorized by this Plan, the number and type of shares covered by outstanding options (including the issuer thereof in the case of a merger, consolidation or exchange in
which the surviving entity or a parent thereof assumes or replaces all or a portion of the outstanding options) and the exercise prices specified therein as may be determined by the Board or the Committee to be appropriate and equitable. The
issuance by the Company of shares of stock of any class, or options or securities exercisable or convertible into shares of stock of any class, for cash or property, or for labor or services either upon direct sale, or upon the exercise of rights or
warrants to subscribe therefor, or upon exercise or conversion of other securities, and the incurrence by the Company or any of its subsidiaries of any indebtedness, shall not affect, and no adjustment by reason thereof shall be made with respect to
the number or price of Shares of Stock then subject to any options. 
 (b) Mergers and Consolidations; Sale of the Company. In the
event of a merger, consolidation or any other transaction constituting a Sale of the Company, the Board of Directors may provide, in its discretion, that (i) any unvested Option shall be terminated without payment or consideration of any kind,
(ii) any vested Option shall be terminated in exchange for consideration in such amount as the Board of Directors may determine, but not less than the product of (A) the excess of the Fair Market Value per share of Stock (measured as of
the date of such Sale of the Company) over such Option’s Exercise Price multiplied by (B) the number of Shares issuable upon exercise of such Option, (iii) a cash payment to the Holders of any Option, without any consent of the
Holders, in exchange for the cancellation thereof, in an amount equal to the difference between (A) the Fair Market Value as determined by the Board of Directors of the consideration payable per share of Stock pursuant to the Sale of the
Company (the “Sale Price”) times the number of Shares subject to outstanding Options being cancelled (to the extent then vested and exercisable, including by reason of acceleration in connection with the Sale of the Company, at prices not
in excess of the Sale Price) and (B) the aggregate exercise price of all such outstanding vested and exercisable Options and/or (iv) make any other determination as to the treatment of Options in connection with such transaction as the
Board of Directors may determine. Any escrow, holdback, earnout or similar provisions in the definitive relating to such transaction may apply to any payment to the holders of Options to the same extent and in the same manner as such provisions
apply to the holders of Shares. If the Exercise Price of the Shares subject to the Option exceeds the Fair Market Value of such Shares, then the Option may be cancelled without making a payment to the Optionee. 

(c) Reservation of Rights. Except as provided in this Section 9, a Grantee, Purchaser or Optionee shall have no rights by
reason of (i) any subdivision or consolidation of shares of stock of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of shares of stock of any class. Any issuance by the Company of
shares 

  
 8 

 
of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise
Price of Shares subject to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure,
to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 
  

	SECTION 10.	REPURCHASE PROVISIONS. 

 (a) Repurchase Option. If a Participant is no longer
employed (or in the case of a Participant who was not an employee, the date on which such Participant is no longer acting as a director or officer of, or consultant or advisor to, the Company or any of its Subsidiaries) by the Company or its
Subsidiaries for any reason, the Shares (whether held by such Participant or one or more transferees of such Participant, other than the Company or any Investor) will be subject to repurchase by the Investors and the Company (each of the
aforementioned solely at their option) pursuant to the terms and conditions set forth in this Section 10 (the “Repurchase Option”). 

(b) Repurchase Price. Commencing upon the later of (i) the Termination Date and (ii) the 181st day following the acquisition of the Shares subject to such repurchase, the Investors and the Company may elect to repurchase all or any portion of the Shares at a price per share equal to
(1) in the event of such Participant’s termination for Cause, at the lower of Original Cost or Fair Market Value (as of the Termination Date) and (2) otherwise, at Fair Market Value (as of the Termination Date). The price per share
may be modified in any separate agreement between the Company and a Participant. In the event any rights pursuant to the Repurchase Option may arise, the Company will promptly notify the Investors thereof. 

(c) Repurchase Procedures. Subject to Section 10(b), each Investor may elect to exercise the Repurchase Option to purchase
up to its pro rata share (determined based upon the number of shares of Stock then held by each such Investor) by delivering written notice (the “Initial Repurchase Notice”) to the holder or holders of the Shares, the Company and
the other Investors no later than sixty (60) days after the later of (i) the Termination Date and (ii) the 181st day following the acquisition of the Shares subject to repurchase.
To the extent that any of the Investors do not elect to repurchase their full allotment of Shares no later than the fifth business day following delivery of the first Initial Repurchase Notice delivered by any Investor (and, immediately following
the completion of such fifth business day, the Company will notify in writing each of the Investors if any of the Investors have not elected to purchase their full allotment of Shares), the other Investors shall be entitled to purchase all or any
portion of the remaining Shares by providing notice (the “Supplemental Repurchase Notice”) to each of the parties receiving the Initial Repurchase Notice within ten (10) business days following the delivery of the first Initial
Repurchase Notice delivered by any Investor; provided that if in the aggregate such Investors elect to purchase more than the remaining available Shares, such remaining available Shares purchased by each Investor will be reduced on a pro rata
basis based upon the number of shares of Stock then held by each electing Investor. To the extent that, after giving effect to the reoffer pursuant to the immediately preceding sentence, any portion of the Shares are not being repurchased by the
Investors, the Company may exercise the Repurchase Option for the remaining Shares by delivering written notice (a “Company Repurchase Notice” 

  
 9 

 
and together with the Initial Repurchase Notice and Supplemental Repurchase Notice, a “Repurchase Notice”) to the holder or holders of the applicable Shares within ten
(10) business days of the expiration of the latest period during which the Investors were entitled to deliver Repurchase Notices. Each Repurchase Notice will set forth the number of Shares to be acquired from such holder(s), the aggregate
consideration to be paid for such Shares and the time and place for the closing of the transaction. If any Shares are held by any transferees of a Participant, the Investors and the Company, as the case may be, will purchase the shares elected to be
purchased from all such holder(s) of Shares, pro rata according to the number of Shares held by each such holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest share). 

(d) Closing. The closing of the transactions contemplated by this Section 10 will take place on the date designated in the
applicable Repurchase Notice, which date will not be more than ninety (90) days after the delivery of such notice. Each Investor will pay for the Shares to be purchased by it by delivery of a check payable to the holder of such Shares. The
Company will pay for the Shares to be purchased by it by first offsetting amounts outstanding under any bona fide debts owing by such Participant to the Company or any of its Subsidiaries, now existing or hereinafter arising (irrespective as to
whether such amounts are owing by the holder of such Shares), and will pay the remainder of the purchase price by, at its option, delivery of (i) a check payable to the holder of such Shares, (ii) a subordinated promissory note payable in
three equal annual installments commencing on the closing of such purchase and bearing interest at a rate per annum equal to 4% or (iii) both (i) and (ii), in the aggregate amount of the purchase price for such shares. Any notes issued by
the Company pursuant to this Section 10(d) shall be subject to any restrictive covenants to which the Company or its Subsidiaries are subject at the time of such purchase. Notwithstanding anything to the contrary contained herein, all
repurchases of Shares by the Company will be subject to applicable restrictions contained in the corporation law, including without limitation the Companies Law (as revised) of the Cayman Islands, the Memorandum and Articles of Association (as
amended and restated from time to time) and in the Company’s and its Subsidiaries’ debt and equity financing agreements. If any such restrictions prohibit the repurchase of Shares hereunder which the Company is otherwise entitled to make,
the Company may make such repurchases within ninety (90) days after the date on which it is permitted to do so under such restrictions; provided that, for the avoidance of doubt, in such instance the price to be paid for the Shares being
repurchased shall remain the price determined pursuant to Section 10(b) above as of the Termination Date. The Investors and/or the Company, as the case may be, will receive customary representations and warranties from each seller
regarding the sale of the Shares, including, but not limited to, representations that such seller has good and marketable title to the Shares to be transferred free and clear of all liens, claims and other encumbrances. 

(e) Termination of Repurchase Option. The provisions of this Section 10 will terminate upon the occurrence of a Termination
Event. 
  

	SECTION 11.	MISCELLANEOUS PROVISIONS. 

 (a) Securities Law Requirements. Shares shall not be
issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations

  
 10 

 
promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The
Company shall not be liable for a failure to issue Shares that is attributable to such requirements. 
 (b) No Retention Rights.
Nothing in the Plan or in any right or Option granted under the Plan shall confer upon the Participant, Purchaser or Optionee any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the
rights of the Company (or any Parent or Subsidiary employing or retaining the Participant, Purchaser or Optionee) or of the Participant, Purchaser or Optionee, which rights are hereby expressly reserved by each, to terminate his or her Service at
any time and for any reason, with or without cause. 
 (c) Treatment as Compensation. Any compensation that an individual earns or is
deemed to earn under this Plan shall not be considered a part of his or her compensation for purposes of calculating contributions, accruals or benefits under any other plan or program that is maintained or funded by the Company, a Parent or a
Subsidiary. 
 (d) Governing Law. The Plan and all awards, sales and grants under the Plan shall be governed by, and construed in
accordance with, the laws of the State of Delaware, as such laws are applied to contracts entered into and performed in such State. 
  

	SECTION 12.	DURATION AND AMENDMENTS. 

 (a) Effective Date of the Plan. The Plan, as set forth
herein, shall become effective on the date of its adoption by the Board of Directors, subject to the approval of the Company’s members. If the Members fail to approve the Plan within 12 months after its adoption by the Board of Directors, then
any grants, exercises or sales that have already occurred under the Plan shall be rescinded and no additional grants, exercises or sales shall thereafter be made under the Plan. No Options will be granted under the Plan after the date which is ten
(10) years after the date the Board of Directors adopted the Plan. 
 (b) Right to Amend or Terminate the Plan. The Board of
Directors may amend, suspend or terminate the Plan at any time and for any reason; provided, however, that any amendment of the Plan shall be subject to the approval of the Company’s members, e.g. the Investors and holders of Common Stock, (by
majority vote) if it (i) increases the number of Shares available for issuance under the Plan (except as provided in Section 9) or (ii) materially changes the class of persons who are eligible for the grant of ISOs. Member
approval shall not be required for any other amendment of the Plan. If the members fail to approve an increase in the number of Shares reserved under Section 4 within 12 months after its adoption by the Board of Directors, then any
grants, exercises or sales that have already occurred in reliance on such increase shall be rescinded and no additional grants, exercises or sales shall thereafter be made in reliance on such increase. 

(c) Effect of Amendment or Termination. No Shares shall be issued or sold under the Plan after the termination thereof, except upon
exercise of an Option (or any other right to purchase Shares) granted under the Plan prior to such termination. The termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Option previously granted
under the Plan. 

  
 11 

	SECTION 13.	DEFINITIONS. 

 (a) “Board of Directors” shall mean the Board of
Directors of the Company, as constituted from time to time. 
 (b) “Cause” shall have the meaning ascribed to such term in
any written employment agreement between the Company or any Subsidiary of the Company and Optionee, or in the absence of any such written agreement, shall mean that the Board, in good faith, determines that the Optionee has: (i) breached,
continued to breach or failed to perform any of Optionee’s material obligations under any written agreement between the Company or any Subsidiary of the Company and such Optionee or continued breach of any other material obligation to the
Company that could reasonably be expected to result in material harm to the Company or any of its Subsidiaries within 30 days after receiving notice from the Company of such breach or failure; (ii) continued failure or refusal to perform any
material duty or responsibility to the Company or any of its Subsidiaries within 10 days after receiving notice from the Company of Optionee’s failure or refusal to do so; (iii) reported to work under the influence of alcohol or other
controlled substances after receiving written notice from the Company that such actions would result in the termination of employment; (iv) engaged in the use of illegal drugs; (v) engaged in intentional, knowing or reckless misconduct or
gross negligence in connection with any property, assets or activity of the Company or its affiliates; (vi) committed an act of fraud, embezzlement or dishonesty, the purpose or effect of which adversely affects the Company or any of its
Subsidiaries; (vii) engaged in conduct that constitutes the breach of any statutory or common law duty of loyalty to the Company or any of its Subsidiaries or intentionally or knowingly violated or failed to comply with laws or regulations
applicable to the Company or its Subsidiaries; (viii) committed a felony or entered a plea of guilty or nolo contendere (or its equivalent) to a felony; (ix) engaged in any material unauthorized use or disclosure of any proprietary or
confidential information or trade secrets of the Company or any of its Subsidiaries; or (x) violated any of the Company’s or its Subsidiaries’ established material employment policies in effect from time to time which violation, if
curable, is not cured within thirty (30) days after written notice to Optionee, or, if cured, such violation recurs within one hundred eighty days (180) days. 

(c) “Code” shall mean the Internal Revenue Code of 1986, as amended. 

(d) “Committee” shall mean a committee of the Board of Directors, as described in Section 2(a). 

(e) “Company” shall mean Ichor Holdings, Ltd., a Cayman Islands exempted limited company. 

(f) “Consultant” shall mean a person who performs bona fide services for the Company, a Parent or a Subsidiary as a
consultant or advisor, excluding Employees and Outside Directors. 

  
 12 

 (g) “Date of Grant” shall mean the date of grant specified in the applicable
Stock Option Agreement, which date shall be the later of (i) the date on which the Board of Directors resolved to grant the Option or (ii) the first day of the Optionee’s Service. 

(h) “Disability” shall mean that the Optionee is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment. 
 (i) “Employee” shall mean any individual who is a common law
employee of the Company, a Parent or a Subsidiary. 
 (j) “Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended. 
 (k) “Exercise Price” shall mean the amount for which one Share may be purchased upon exercise of an Option, as
specified by the Board of Directors in the applicable Stock Option Agreement. 
 (l) “Fair Market Value” shall mean the
fair market value of a Share, as determined by the Board of Directors in good faith. Such determination shall be conclusive and binding on all persons. 

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

(n) “Grantee” shall mean a person to whom the Board of Directors has awarded Shares under the Plan. 

(o) “Investors” shall mean each of Francisco Partners III (Cayman), L.P. and Francisco Partners Parallel Fund III (Cayman),
L.P., so long as each is a shareholder in the Company. 
 (p) “ISO” shall mean an employee incentive stock option described
in Section 422(b) of the Code. 
 (q) “Nonstatutory Option” shall mean a stock option not described in
Sections 422(b) or 423(b) of the Code. 
 (r) “Option” shall mean an ISO or Nonstatutory Option granted under the Plan
and entitling the holder to purchase Shares. 

  
 13 

 (s) “Option Shares” means the shares of the Company’s Stock acquired (or to
be acquired) pursuant to the exercise of any Option. 
 (t) “Optionee” shall mean a person who holds an Option. 

(u) “Original Cost” of each Option Share will be equal to the price paid therefor (in each case, as proportionally and
equitably adjusted for all stock splits, stock dividends and other recapitalizations affecting such share of Stock subsequent to any such purchase). 

(v) “Outside Director” shall mean a member of the Board of Directors who is not an Employee. 

(w) “Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the
Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a
Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 
 (x)
“Participant” shall mean any present or future employees, directors, officers, consultants or advisors of the Company or its Subsidiaries selected in the sole discretion of the Committee to receive Options or Shares in the Company.

 (y) “Plan” shall mean this Ichor Holdings, Ltd. 2012 Equity Incentive Plan. 

(z) “Purchase Price” shall mean the consideration for which one Share may be acquired under the Plan (other than upon
exercise of an Option), as specified by the Board of Directors. 
 (aa) “Purchaser” shall mean a person to whom the Board
of Directors has offered the right to purchase Shares under the Plan (other than upon exercise of an Option). 
 (bb) “Securities
Act” shall mean the Securities Act of 1933, as amended. 
 (cc) “Service” shall mean service as an Employee,
Outside Director or Consultant. 
 (dd) “Sale of the Company” shall mean either: (a) a transaction or series of
related transactions in which a Person, or a group of related Persons, acquires from Members of the Company shares representing more than fifty percent (50%) of the outstanding voting power of the Company (a “Stock Sale”); or
(b) a transaction other than a Stock Sale that qualifies as a Deemed Liquidation Event (as defined in the Company’s Articles of Association). 

(ee) “Share” shall mean one share of Stock, as adjusted in accordance with Section 9 (if applicable). 

(ff) “Stock” shall mean the Common Stock of the Company. 

  
 14 

 (gg) “Stock Grant Agreement” shall mean the agreement between the Company and a
Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares. 

(hh) “Stock Option Agreement” shall mean the agreement between the Company and an Optionee that contains the terms,
conditions and restrictions pertaining to the Optionee’s Option. 
 (ii) “Stock Purchase Agreement” shall mean the
agreement between the Company and a Purchaser who purchases Shares under the Plan that contains the terms, conditions and restrictions pertaining to the purchase of such Shares. 

(jj) “Subsidiary” shall mean any corporation (other than the Company) in an unbroken chain of corporations beginning with the
Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation
that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 

(kk) “Termination Date” means the first date on which a Grantee is no longer employed (or in the case of a Grantee who was
not an employee, the first date on which such Grantee is no longer acting as a director or officer of, or consultant or advisor to, the Company or its Subsidiaries) by the Company or its Subsidiaries for any reason. 

(ll) “Termination Event” means (i) any Sale of the Company or (ii) any sale or transfer to any third party of
shares of the Company’s capital stock by the holders thereof as a result of which any person or group other than investment funds managed by the Investors obtains the voting power (under ordinary circumstances) to elect a majority of the
Company’s board of directors. 
 * * * * * 

  
 15 

 EXHIBIT 1 

SPOUSAL CONSENT 
 The
undersigned spouse hereby acknowledges that I have read the following plans, arrangements and agreements to which my spouse is a party or subject: 

Ichor Holdings, Ltd. Option Agreement, dated             ,
         
 Ichor Holdings, Ltd. 2012 Stock Option Plan (the “Plan”) 

and that I understand their contents. I am aware that such plans, arrangements and agreements (i) provide for the repurchase, under certain
circumstances, of any and all shares of capital stock of Ichor Holdings, Ltd., a Cayman Islands corporation (the “Company”), that are ever acquired by my spouse pursuant to the Plan and (ii) impose certain obligations upon my
spouse and restrictions on transfer of my spouse’s shares of capital stock of the Company under certain circumstances. I agree that my spouse’s interest in the capital stock of the Company is subject to the documents referred to above and
the other agreements referred to therein and any interest I may have in the Company or in such capital stock shall be irrevocably bound by these agreements and the other agreements referred to therein, and further agree that any community property
interest of mine (if any) shall be similarly bound by these agreements. 
 For the benefit of the Company (which is relying hereon), the
undersigned spouse irrevocably constitutes and appoints, on behalf of himself or herself and his or her heirs, legatees and assigns,
                    , who is the spouse of the undersigned (the “Shareholder”), as the undersigned’s true and lawful
attorney and proxy in his or her name, place and stead to sign, make, execute, acknowledge, deliver, file and record all documents which may be required, and to manage, vote, act and make all decisions with respect to (whether necessary, incidental,
convenient or otherwise), any and all shares or capital stock or options to acquire capital stock of the Company in which the undersigned now has or hereafter acquires any interest and in any and all shares of the Company now or hereafter held of
record by the Shareholder (including but not limited to the right, without further signature, consent or knowledge of the undersigned spouse, to exercise or not to exercise any and all options under any appropriate agreements and to exercise
amendments and modifications of and to terminate the foregoing agreements and to dispose of any and all shares of capital stock or options to acquire capital stock of the Company), with all powers the undersigned spouse would possess if personally
present, it being expressly understood and intended by the undersigned that the foregoing power of attorney and proxy is coupled with an interest; and this power of attorney is a durable power of attorney and will not be affected by disability,
incapacity or death of the Shareholder, or dissolution of marriage and this proxy will not terminate without consent of the Shareholder and the Company. 
  

					
	Shareholder/Option Plan Grantee:	 		 	Spouse of Shareholder/Option Grantee:
			
	  
	 		 	  

	Signature	 		 	Signature
			
	  
	 		 	  

	Printed Name	 		 	Printed Name

  
 E-1

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