Document:

EX-10.1

 Exhibit 10.1 

CERTAIN INFORMATION INDICATED BY [***] HAS BEEN DELETED FROM THIS EXHIBIT AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT UNDER RULE 24B-2. 
 HARMONIX ROCK BAND 4 

MANUFACTURING, PUBLISHING AND DISTRIBUTION AGREEMENT 

by and among 

HARMONIX MUSIC SYSTEMS, INC. 

on the one hand 
 and

 MAD CATZ INTERACTIVE, INC. 

and 
 MAD CATZ, INC.

 on the other hand 

effective as of 

March 4, 2015 

 HARMONIX ROCK BAND 4 

MANUFACTURING, PUBLISHING AND DISTRIBUTION AGREEMENT 

This HARMONIX ROCK BAND 4 MANUFACTURING, PUBLISHING AND DISTRIBUTION AGREEMENT AND SOFTWARE PUBLISHING AND DISTRIBUTION AGREEMENT (this
“Agreement”) is entered into on October 14, 2015, and is effective as of March 4, 2015 (the “Effective Date”), by and between HARMONIX MUSIC SYSTEMS, INC., a Delaware corporation, with offices at 40
Broad Street, 7th Floor, Boston, MA 02109 (“Harmonix”) on the one hand, and MAD CATZ INTERACTIVE, INC., an Ontario corporation, and MAD CATZ, INC., both with offices
at 10680 Treena Street, Suite 500, San Diego, California 92131 (collectively, “Company”) on the other hand (Harmonix and Company each referred to as a “Party” and collectively referred to as the
“Parties”). From and after the Effective Date, this Agreement hereby supersedes and replaces in its entirety that certain Binding Term Sheet for the Co-Publishing of Rock Band, dated March 4, 2015 and any amendments thereto
(the “Binding Term Sheet”) and Agreement for the Reimbursement of Tooling Costs, Modifications and Maintenance, dated December 19, 2014 by and between HARMONIX MUSIC SYSTEMS, INC., on the one hand, and MAD CATZ
INTERACTIVE, INC., an Ontario corporation, and MAD CATZ, INC. on the other hand. 
 WHEREAS, Harmonix and Company desire
to cooperate in the development, publishing and distribution of Rock Band 4, with each Party handling their respective roles and responsibilities as set forth in this Agreement; 

WHEREAS, Harmonix will be primarily responsible for game development, marketing and music licensing, as more fully described herein;

 WHEREAS, the Company will be primarily responsible for hardware development and manufacturing, physical software manufacturing,
distribution and retail marketing costs, as more fully described herein; 
 NOW THEREFORE, in consideration of the mutual promises
contained herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree as follows: 

 

 1.         Definitions. 

1.1        “Acceptable Form” means that a Licensed Software version (i) is free
of significant program errors that affect game play and the end user’s experience of the game, (ii) has been approved for distribution to end users by the applicable First Party, i.e., Sony or Microsoft Corporation. 

1.2        “Additional Hardware” means solely the Company Proposed Additional
Hardware and the Harmonix Proposed Additional Hardware that become subject to this Agreement by amendment as provided by Section 2.7.1 

1.3        “Additional Hardware Acceptance Materials” has the meaning set forth in
Section 2.7.1.1. 
 1.4        “Additional Hardware Offer” has the
meaning set forth in Section 2.7.1.1. 
 1.5        “Affiliate” means
and refers to all entities that directly or indirectly, through one or more intermediaries, Control or are Controlled by or are under common Control with a Party. 

1.6        “Approved Consoles” means the Microsoft Xbox One and Sony PlayStation 4
video game consoles. 

 1.7        “Band in the Box Bundle”
means the Licensed Software, the Guitar, the Drum Kit and the Microphone in one box. 

1.7        “[***]” means [***]. 

1.8        “Bundle” means a Band in the Box Bundle, a Guitar Bundle, a Dongle Bundle,
or such other bundle of Licensed Products as may be mutually agreed in writing by the Parties from time to time. 

1.9        “Change of Control of Company” means the occurrence of any of the
following: (a) the sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of Company and its subsidiaries taken as a
whole to any “person” (as such term is used in Section 13(d)(3) of the Exchange Act) (other than an Affiliate of Company as of the Effective Date), (b) the adoption of a plan relating to the liquidation or dissolution of Company,
(c) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any person (other than an Affiliate of Company as of the Effective Date) becomes the “beneficial owner”
(as such term is used in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than 50% of the voting stock of Company, measured by voting power rather than number of shares or (d) except for a consolidation or merger solely
(i) to 

 

  
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Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 change corporate domicile or (ii) for internal tax purposes, Company consolidates with, or
merges with or into, any person, or any person consolidates with, or merges with or into, Company. 

1.10      “Company COGS” means with respect to any unit of the Licensed Products, the actual
and verifiable costs and expenses incurred by Company solely for manufacturing (i.e. factory PO/bill of materials, tooling, consigned parts, testing/third party testing costs) and packaging, including printing of packaging materials for such
Licensed Product. 
 1.11      “Company Designs” has the meaning set forth in
Section 3.1. 
 1.12      “Company Intellectual Property” has the meaning set
forth in Section 5.2. 
 1.13      “Company Marks” has the meaning set forth in
Section 2.3.2. 
 1.14      “Company Proposed Additional Hardware” means any
video game peripheral, controller or similar device to be used with the Licensed Software, other than the Licensed Hardware, for which Company desires to obtain from Harmonix a license for manufacture and distribution pursuant to the terms and
conditions of this Agreement. 
 1.15      “Company Proposed Additional Hardware Materials”
has the meaning set forth in Section 2.7.1.2. 
 1.16      “Confidential
Information” has the meaning set forth in Section 7.1. 

1.17      “Control” (including, with correlative meaning, the terms “Controlled
by” and “under common Control with”), as used with respect to any entity, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity. 

1.18      “Cymbals” means an electronic cymbal percussion device, that is not a musical
instrument, that appears similar to traditional cymbals and is compatible for use with the Licensed Software and the Drum Kit. 

1.19      “Development Deliverables” has the meaning set forth in Section 3.2. 

1.20      “Dongle” means an adapter or “dongle” that allows connectivity of the
Licensed Software with legacy video game controller/peripherals created for use with legacy versions of the Licensed Software (e.g. Rock Band 3). 

1.21      “Dongle Bundle” means the Licensed Software and a Dongle in one box or other
packaging. 

 1.22      “Drum Kit” means an electronic drum
percussion device, that is not a musical instrument, that includes (i) four drum pads which respond to contact on a stand, (ii) a pair of drum sticks and (iii) one foot pedal, that operates as a video game controller/peripheral that
is compatible for use with the Licensed Software. 
 1.23      “Drum Tools” means all tooling
necessary, or used by Company, to manufacture the Drum Kit. 
 1.24      “Exchange Act” means
the Securities Exchange Act of 1934, as amended. 
 1.25      “Fender” means the Fender
Musical Instrument Company. 
 1.26      “Financial Reserve” has the meaning set forth in
Section 6.1.1. 
 1.27      “First Party” or “First Parties”
means, individually, any licensor or manufacturer of the Approved Consoles, and collectively, the licensors and manufacturers of the Approved Consoles. 

1.28      “Gold Master” means a master copy of the Licensed Software in Acceptable Form from
which multiple copies of the Licensed Software may be replicated. 
 1.29      “Guitar” means
a video game controller/peripheral, that is not a musical instrument, in the shape of an electric guitar that (a) shall be bundled with a guitar strap, (b) operates as a video game controller/peripheral that is compatible for use with the
Licensed Software and (c) is based upon the “Stratocaster” designs licensed by Harmonix from Fender. 

1.30      “Guitar Bundle” means the Guitar and the Licensed Software in one box. 

1.31      “Guitar Stand” means a physical stand suitable for holding a Guitar in an upright
position. 
 1.32      “Guitar Tools” means all tooling necessary, or used by Company, to
manufacture the Guitar. 
 1.33      “Harmonix Designs” means certain designs, technology,
know-how, specifications, schematics, chips, circuit boards, information regarding the sourcing of material, source or object code, trade secrets, copyrights, patents, processes, protocols, systems, methods, designs, algorithms and other
intellectual and or industrial property and proprietary rights utilized in the design, development and manufacture of Licensed Products that were created by or on behalf of Harmonix by third parties other than Company, or are otherwise owned or
exclusively controlled by Harmonix. 

 

  
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Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 1.34      “Harmonix Intellectual Property” has
the meaning set forth in Section 5.1. 
 1.35      “Harmonix Marks” has the
meaning set forth in Section 2.3.1. 
 1.36      “Harmonix Proposed Additional
Hardware” means any video game peripheral, controller or similar device to be used with the Licensed Software, other than the Licensed Hardware, that Harmonix, in its sole discretion, may desire to have manufactured and distributed by
Company pursuant to the terms and conditions of this Agreement. 
 1.37      “Landed Cost”
means with respect to a piece of Licensed Hardware, [***] for such unit plus the costs Company incurred to [***] such unit [***]. 

1.38      “Launch Date” means the date on which the Licensed Software is first made
commercially available for the Approved Consoles to the general public for purchase. 

1.39      “Launch Software Royalty Payments” shall have the meaning set forth in
Section 6.1.2. 
 1.40      “Launch Software Royalty Units” shall have the
meaning set forth in Section 6.1.2. 
 1.41      “Licensed Channels of
Distribution” means any and all retail channels for physical products in the Territory (each such retailer a “LCD Retailer”). 

1.42      “Licensed Hardware” means the, Drum Kit, Guitar, Microphone, Dongle, Cymbals, Guitar
Stand, Microphone Stand, and other products as set forth in Schedule 3 as manufactured, distributed and sold by Company pursuant to the terms and conditions of this Agreement. For the avoidance of doubt, the term “Licensed
Hardware” as used in this Agreement shall also be deemed to include any “Additional Hardware” only in the event that they become subject to this Agreement by amendment as provided by Section 2.7.1, or as may
otherwise be agreed by the Parties. 
 1.43      “Licensed Products” means the Licensed
Hardware and the Licensed Software, individually or collectively. 
 1.44      “Licensed
Software” means that certain single title interactive media or software product, in tangible format, entitled “Rock Band 4.” 

1.45      “Marks” mean trademarks, service marks, trade names, brands, logos and other
distinctive identification and/or proprietary indicia. 
 1.46      “Microphone” means a
microphone that (a) connects wirelessly or via a wire to the Approved Consoles and

 
(b) operates as a video game controller/peripheral that is compatible for use with the Licensed Software. 

1.47      “Microphone Stand” means a physical stand suitable for holding a Microphone in an
upright position at a height suitable for use of the Microphone by standing game players. 

1.48      “Minimum [***] Quantities” shall have the meaning set forth in
Section 4.3.4. 
 1.49      “Minimum Launch Quantities” shall have the meaning
set forth in Section 4.3.3. 
 1.50      “[***] Royalty” shall have the meaning
set forth in Section 6.1.4. 
 1.51      “MSRP Assumptions” shall have the
meaning set forth in Section 4.3.5. 
 1.52      “Net Sales” means, for each Royalty
Period, amounts invoiced by Company and its Affiliates in connection with the sale of Stand-Alone Licensed Hardware only by Company including, without limitation, any pro rata share of inducement payments, rebates, volume discount payments, barter
value or consideration of any kind provided to or due Company, solely less the following actual, reasonable and verifiable costs and expenses incurred by Company solely with respect to the Stand-Alone Licensed Hardware (i.e. those costs and
expenses that directly relate to the Stand-Alone Licensed Hardware): (a) credits, price protection, temporary price concessions, sales discounts, customary trade quantity discounts and allowances, (b) co-op advertising (e.g., market
development funds); provided, such co-op advertising rates and funds are consistent with the amounts used with other Company products; (c) VAT or similar taxes, but solely to the extent not reimbursed or otherwise refunded to Company and
(d) (i) defective allowances provided directly to any LCD Retailers and (ii) allowances for actual returns and defective returns of Licensed Products, any amounts for subsection (d)(i) and (d)(ii) collectively not to exceed [***]
percent ([***]) of gross sales on a twelve month trailing basis. The Parties acknowledge and agree that in no event shall any negative Net Sales balance be carried over or otherwise credited towards Net Sales in any subsequent Royalty Period. 

1.53      “Pre-Order Fulfillment Requirement” has the meaning set forth in
Section 4.3.3. 
 1.54      “Repurchased Tools” has the meaning set forth in
Section 4.4.1. 
 1.55      “Royalties” has the meaning set forth in
Section 6.1. 
 1.56      “Royalty Period” means the periods for which applicable
Software Royalties, [***] Royalties and Stand-

 

  
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Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 Alone Hardware Royalties are to be paid pursuant to Section 6.1. 

1.57      “Royalty Report” has the meaning set forth in Section 6.4. 

1.58      “Service and Warranty Obligations” means with respect to Licensed Products purchased
by Harmonix pursuant to the terms hereunder, Company’s obligation to provide services and otherwise comply with the obligations set forth in Section 4.2.4 and Section 4.2.5. 

1.59      “Software Royalty” shall have the meaning set forth in Section 6.1.2.

 1.60      “Stand-Alone Licensed Hardware” means Licensed Hardware that is not sold in the
same box with the Licensed Software. 
 1.61      “Stand-Alone Licensed Hardware Royalty”
shall have the meaning set forth in Section 6.1.1. 
 1.62      “Stand-Alone Licensed
Product” means Stand-Alone Licensed Software and/or Stand-Alone Licensed Hardware, as applicable. 

1.63      “Stand-Alone Licensed Software” means physical copies of the Licensed Software that
are not sold in the same box with the Licensed Hardware or any other product or service. 

1.64      “Subcontractor” has the meaning set forth in Section 2.6.3.1. 

1.65      “Target Delivery Date” has the meaning set forth in Section 4.3.1. 

1.66      “Target Launch Date” has the meaning set forth in Section 4.3.2. 

1.67      “Technical Design Specifications and Standards” means any designs, technology,
know-how, specifications, schematics, chips, circuit boards, information regarding the sourcing of material, source or object code, trade secrets, copyrights, patents, processes, protocols, systems, methods, designs, algorithms and any other
intellectual and or industrial property and proprietary rights pertaining solely to the operability, compatibility and/or functionality of peripherals, controllers and other devices for use with the Licensed Software, if applicable, including,
without limitation (a) the Harmonix Designs, (b) the Company Designs and (c) any specifications, requirements or other regulations established by Harmonix, any First Party or any governmental or regulatory body (e.g., Consumer
Product Safety Commission),

 
as more fully set forth and described on Exhibit A, annexed hereto. 

1.68      “Term” has the meaning set forth in Section 8.1. 

1.69      “Termination Costs” means (a) Company’s [***] of on hand inventory of
finished Licensed Products, and [***], in each case in quantities as previously reviewed and approved by Harmonix (the “Termination Inventory”), (b) [***] percent ([***]) of Company COGS solely (i) in the event that
Harmonix desires Company to provide the Service and Warranty Obligations with respect to such Licensed Products and (ii) in consideration of Company providing such Service and Warranty Obligations with respect to such Licensed Products,
(c) the amount of any [***] Company actually paid or are then due or will be due upon sale, to [***] solely for the Termination Inventory, (d) the actual and verifiable costs and expenses incurred by Company for the acquisition of any
Tools. 
 1.70      “Territory” means the world, but specifically excluding [***] and [***].

 1.71      “[***] Requirement” has the meaning set forth in Section 4.3.3. 

1.72      “Tools” means all tooling necessary or used by the Company for the Licensed Products,
including the Guitar Tools and the Drum Kit Tools. 
 1.73      “Wind-Down Period” has the
meaning set forth in Section 8.6. 
 2.          License Grants.

 2.1        Licensed Hardware.  Subject to the terms and conditions of this
Agreement, Harmonix hereby grants to Company during the Term, and Company hereby accepts, the exclusive (subject in all respects to Section 2.8), non-transferable, non-sublicensable (except to the extent provided in
Section 2.6.3) and non-assignable (except to the extent provided by Section 12.1) license to manufacture the Licensed Hardware for the Approved Consoles in accordance with the Technical Design Specifications and Standards or
as otherwise determined by Harmonix in its reasonable discretion, solely for the purpose of distributing and selling the Licensed Hardware through the Licensed Channels of Distribution in the Territory. 

2.2        Licensed Software.  Subject to the terms and conditions of this Agreement,
Harmonix hereby grants to Company during the Term, and Company hereby accepts, the non-exclusive, non-transferable, non-sublicensable (except to the extent provided in Section 2.6.3) and non-assignable (except to the extent provided in
Section 12.1) license to 

 

  
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Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 publish, advertise, market, promote, sell, license and distribute the Licensed Software for the
Approved Consoles solely for the purpose of distributing and selling the Licensed Software in tangible form through the Licensed Channels of Distribution in the Territory. For the avoidance of doubt, this Agreement does not include any right or
license for Company to distribute the Licensed Products in digital format nor for Company to modify or create derivative works of the Licensed Software. The Licensed Software will be provided to Company in object code form only. Company shall not
receive, and shall not attempt, directly or indirectly, to reverse engineer, the source code of the Licensed Software. Company shall have the discs for the Licensed Software manufactured solely by the First Party or its designee for the Approved
Console and shall distribute the Licensed Software only on such discs. Harmonix shall have the right to distribute the Licensed Software in the digital format (including but not limited to Games on Demand) and shall have no royalty obligation to
Company for such distribution or sales. 
 2.3         License to Marks. 

2.3.1  License to Harmonix Marks. Subject to the terms and conditions of this Agreement, and
Harmonix’s approval as set forth herein, Harmonix, hereby grants to Company during the Term, and Company hereby accepts, a limited, non-exclusive (except to the extent expressly provided in Section 2.1 and subject in all respects to
Section 2.8) and non-transferable right and license, solely within the Territory, to incorporate the Harmonix Marks set forth on Schedule 1, annexed hereto, as may be amended from time to time by Harmonix (collectively, the
“Harmonix Marks”) on the Licensed Products solely (a) for the purpose of the manufacture, distribution and sale of the Licensed Products through the Licensed Channels of Distribution in the Territory, including, without
limitation, on packaging materials containing the Licensed Products and (b) in Company’s advertising, promotional and marketing materials publicizing the Licensed Products, all subject to the terms and conditions of this Agreement and as
specifically approved by Harmonix. The actual use, quality and style of the Harmonix Marks, and the manner in which each Harmonix Mark may appear or be used including, without limitation, in connection with the Licensed Products and/or promotional
materials, advertising, publicity, display or packaging materials of any kind shall be subject to the prior approval of Harmonix, in each instance in Harmonix’s sole discretion. For the avoidance of doubt, Harmonix Marks may not be used by
Company in connection with any advertising, promotional, and marketing material publicizing, or any packaging materials containing any of, the Licensed Products unless specifically approved in advance by Harmonix. Without limiting the generality of
the foregoing, Company shall strictly comply with all standards with respect to the Harmonix Marks which may be furnished by Harmonix from time to time and all uses of the

 
Harmonix Marks in proximity to the trade name, trademark, service name or service mark of any third party shall be consistent with the standards furnished by Harmonix from time to time. Further,
Company shall not create a combination or composite mark consisting of one or more Harmonix Marks, commingle any Harmonix Marks with the Marks of any third party, nor shall it engage, participate or otherwise become involved in any activity or
course of action that diminishes, tarnishes or otherwise adversely affects the goodwill associated with any Harmonix Marks. All uses of the Harmonix Marks shall inure to the benefit of Harmonix. 

2.3.2  License to Company Marks. Company hereby grants to Harmonix and its Affiliates during the Term, and
Harmonix hereby accepts, a limited, non-exclusive and non-transferable right and license to incorporate the Company Marks set forth on Schedule 2, annexed hereto, as may be amended from time to time by Company (the “Company
Marks”) solely (a) for the purpose of distribution and sale of the Licensed Products and (b) in advertising, promotional and marketing materials created by or on behalf of Harmonix or its Affiliates publicizing the Licensed
Products, all subject to the terms and conditions of this Agreement and as specifically approved by Company. The actual use, quality and style of the Company Marks, and the manner in which each Company Mark may appear or be used shall be subject to
the prior approval of Company, in each instance in Company’s sole discretion. For the avoidance of doubt, Company Marks may not be used by Harmonix or any of its Affiliates in connection with any advertising, promotional, and marketing material
publicizing, or any packaging materials containing any of, the Licensed Products unless specifically approved in advance by Company. Without limiting the generality of the foregoing, Harmonix and its Affiliates shall strictly comply with all
standards with respect to the Company Marks which may be furnished by Company from time to time and all uses of the Company Marks in proximity to the trade name, trademark, service name or service mark of any third party shall be consistent with the
standards furnished by Company from time to time. Further, neither Harmonix nor any of its Affiliates shall create a combination or composite mark consisting of one or more Company Marks, commingle any Company Marks with the Marks of any third
party, nor shall Harmonix or any of its Affiliates engage, participate or otherwise become involved in any activity or course of action that diminishes, tarnishes or otherwise adversely affects the goodwill associated with any Company Marks. All
uses of the Company Marks shall inure to the benefit of Company. 
 2.4        License to the
Harmonix Designs. Harmonix hereby grants to Company, and Company hereby accepts, a limited, exclusive (subject to Section 2.8), revocable license to access and use the Harmonix Designs in connection with and for the

 

  
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Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 express purpose of the manufacture of the Licensed Hardware. Company shall have limited access
to the Harmonix Designs, such access to be on a strictly “need to know” basis and limited to only those employees of Company under a confidentiality obligation and who are required to have such access in order to manufacture and distribute
the Licensed Hardware. Further, any such use by Company of the Harmonix Designs hereunder shall require the prior approval of Harmonix, such approval to be in Harmonix’s sole discretion. Company acknowledges and agrees that (a) it is being
given limited access to such Harmonix Designs for the express and sole purpose of the design and manufacture of the Licensed Hardware, (b) Harmonix is the sole and exclusive creator, developer and owner of the Harmonix Designs and that, as
between Harmonix and Company, all right, title and interest in and to the Harmonix Designs shall be and remain the sole and complete property of Harmonix, (c) Company shall not, during the Term or thereafter, contest or assist others to
contest, Harmonix’s rights or interests in the Harmonix Designs and (d) at the written request of Harmonix, Company shall immediately destroy or return the Harmonix Designs and shall certify such destruction or return in writing. 

2.5        Reservation of Rights.  Harmonix retains all right, title and interest in
and to the Licensed Software, Harmonix Marks and Harmonix Designs and, except for the limited rights and licenses granted to Company pursuant to this Agreement and subject to the applicable obligations and restrictions set forth herein, nothing
shall be construed to restrict, impair, encumber, alter, deprive or adversely affect the Licensed Software, Harmonix Marks and Harmonix Designs or any of Harmonix’s rights or interests therein or any other Harmonix intellectual property,
brands, information, content, processes, methodologies, products, goods, services, materials or rights, tangible or intangible, including, without limitation, the right to distribute and sell the Licensed Products through premium offers, combination
and give-away sales, direct response, direct mail, home shopping type of networks, the on-line medium or any other non-traditional medium now known or hereafter invented, sales clubs, incentive programs, theme parks/recreational attractions and
activities, any retail outlets owned or Controlled by Harmonix or any of its Affiliates. Harmonix shall have the right to purchase such Licensed Products from Company for an amount equal to [***] of the then MSRP prices pursuant to
Section 4.3.5 “MSRP Assumptions” hereof. For the avoidance of doubt, Company shall be under no obligation to pay Royalties to Harmonix based on such purchase by Harmonix. 

2.6        Restrictions and Conditions. 

2.6.1  Requirements and Specifications.  Company agrees that each of the Licensed Hardware
(a) shall be based on and designed in accordance with accepted and/or required industry, legal and safety standards and specifications

 
including, without limitation, any applicable government requirements (e.g., Consumer Product Safety Commission regulations or FCC approval) and technical specifications necessary or
required for use with each of the Approved Consoles, (b) shall be in material compliance with the Technical Design Specifications and Standards, and (c) shall be specifically marketed solely for use with each of the Approved Consoles and
with the Licensed Software and not any other music-based video game; provided, however, that the Licensed Hardware may be marketed as compatible with third-party software, to the extent permitted by applicable law, only upon prior approval by
Harmonix of the content of any messaging related to such compatibility. 
 2.6.2  Quality and
Workmanship.  Company agrees that the Licensed Hardware shall be of such quality and workmanship and shall be manufactured using materials such that the reasonable consumer would view the Licensed Hardware as being of equal or greater
quality as those peripherals and controllers manufactured and distributed by Company for use in connection with versions of the Rock Band 3 video game series prior to the Effective Date. 

2.6.3  Subcontractors Generally. 

  2.6.3.1  Use of Subcontractors.  Harmonix acknowledges that in the course of
performing its obligations under this Agreement, Company may desire or require the use of goods, services and assistance of subcontractors or other suppliers, including, without limitation, Affiliates of Company (each, a
“Subcontractor”). Company shall have the right to use Subcontractors so long as the following conditions are met: (a) each Subcontractor must be approved by Harmonix in advance, (b) each Subcontractor must agree in writing
to comply with and be bound by the applicable terms and conditions of this Agreement, including without limitation, those provided in the form of the Approval of Manufacturer agreement annexed hereto as Exhibit B, both for itself and to
enable Company to be and remain in compliance with its obligations hereunder and (c) Company shall be and remain primarily liable for the acts and omissions of each Subcontractor and shall remain responsible for the due and proper performance
of all Company obligations under this Agreement. 
   2.6.3.2  Additional Subcontractor
Restrictions.  In connection with any agreement between Company and a Subcontractor, Company shall ensure as follows: (a) that the Subcontractor shall not affix or cause to be affixed to any Licensed Products any of the Harmonix
Marks without the express written authority of Company, (b) that no Licensed Products manufactured by a Subcontractor, including, without limitation, any defective, waste or sub-standard Licensed Products, are delivered to or in any way
disposed of by any person other than to Company or its agents or designees and 

 

  
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request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 (c) that the Subcontractor shall comply in all respects with the obligations imposed on
Company in this Agreement. 
 2.6.4  Fender Approval.  Company hereby acknowledges and agrees
that any Guitar(s) or Additional Hardware in the shape of guitars, bass guitars or guitar or bass guitar amplifiers, if any, produced by Company hereunder shall be based exclusively on approved designs of Fender, shall bear the Fender trademark(s)
as requested or required by Fender and further, that the design of the Guitar or Additional Hardware in the shape of guitars, bass guitars or guitar or bass guitar amplifiers, if any, and any prototype or model thereof is subject to the approval of
Fender in all respects, which may be granted or withheld in the sole discretion of Fender. Company shall comply at all times with any instructions or direction provided by Fender in connection with the use of the Fender designs and/or trademarks.
Harmonix shall be responsible for all licenses and approvals from Fender. 
 2.6.5  Rights from and
Obligations to First Parties.  Company shall be solely responsible, at its sole cost and expense, for obtaining and maintaining all approvals, rights, consents, accreditations and certifications required by the First Parties for the
design, production, manufacture and/or distribution of all Licensed Hardware, including without limitation providing to the First Parties samples of the Licensed Hardware, Company shall be solely responsible, at its sole cost and expense, for
(a) entering into and maintaining throughout the Term agreements with all First Parties in connection with the manufacture and distribution of the Licensed Products, (b) complying with all First Party approvals, rights, consents,
accreditations and certifications, quality assurance and compliance testing requirements and the payment of all applicable submission fees and expenses and (c) remitting any royalty payments to any First Party in connection with the Licensed
Products. Company shall provide Harmonix with notice certifying that it is has complied with its obligations set forth in this Section 2.6.5 at any time upon Harmonix’s request therefore. 

2.6.6  Approved Sites.  With respect to the sale and distribution of the Licensed Products on the
Approved Sites, Company acknowledges and agrees that it shall use commercially reasonable efforts to ensure that (a) no Approved Site shall develop an on-line boutique, on-line area or website branded with or dedicated to the Licensed Products
without Harmonix’s prior approval, (b) the Approved Site shall be restricted from soliciting, bartering or selling any advertising inventory, sponsorships, product placements or other direct association with the Licensed Products without
the prior approval of Harmonix which may be withheld in its sole discretion and (c) on-line orders for the Licensed Products shall only be fulfilled for orders placed within the Territory.

 2.6.7  No Right to Sublicense.  Except as expressly
provided in this Agreement, in no event shall Company sublicense, transfer, convey or assign to any third party any of the rights granted to Company herein. 

2.6.8  Manufacture and Distribution of Licensed Products. Company agrees and acknowledges that, except as
otherwise provided in this Agreement, (a) it shall comply with any and all material specifications, standards, laws, rules and regulations applicable to the manufacture and distribution of the Licensed Products including, without limitation,
any First Party or any regulatory bodies and (b) it shall not manufacture, distribute, market, promote or sell, or otherwise attempt to manufacture, distribute, market, promote or sell, any Licensed Products in a manner not expressly provided
for in this Agreement. 
 2.7        Additional Hardware. 

2.7.1  Additional Hardware.  Subject in all respects to Section 2.8: 

  2.7.1.1  Harmonix Proposed Additional Hardware.  For each Harmonix Proposed
Additional Product, Harmonix shall provide Company with a written offer setting forth the terms and conditions pursuant to which Harmonix shall grant the necessary rights and licenses to Company for the manufacture and distribution of any such
Harmonix Proposed Additional Hardware (each, an “Additional Hardware Offer”). Company shall have [***] days from receipt of any Additional Hardware Offer to provide Harmonix with notice of its interest in such Additional Hardware
Offer. For a period of [***] days following the date of such notice of interest, Company shall have the right, in its sole discretion, to either accept or reject the applicable Additional Hardware Offer. In the event that Company exercises its right
to accept such Additional Hardware Offer, it shall provide Harmonix with notice of its acceptance, together with detailed specifications, anticipated wholesale prices, the anticipated and actual Company COGS and bill of materials and good-faith
anticipated, non-binding minimum quantities to be manufactured with respect to the applicable Additional Hardware (collectively, the “Additional Hardware Acceptance Materials”). Upon Harmonix’s review and approval, in its sole
discretion, of the Additional Hardware Acceptance Materials, the Parties shall amend this Agreement to incorporate the terms and conditions of the applicable Additional Hardware Offer and Additional Hardware Acceptance Materials, together with such
other terms and conditions as to which the Parties may agree. If (a) Company (i) fails to provide Harmonix with a notice of its interest in the Additional Hardware Offer within [***] days of its receipt of same, (ii) elects at any
time after receipt of the Additional Hardware Offer not to accept same or (iii) fails to provide Harmonix with notice of its acceptance of the Additional Hardware Offer and the Additional Hardware Acceptance Materials within [***] days after
providing 

 

  
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request for confidential treatment under rule 24b-2. 

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Agreement         

 

 Harmonix with notice of its interest in the Additional Hardware Offer or (b) Harmonix
rejects the Additional Hardware Acceptance Materials, Harmonix shall, at such time, have the right to negotiate with and enter into an agreement with any third party regarding the rights and licenses to manufacture and distribute the Harmonix
Proposed Additional Hardware without further obligation to Company of any kind with respect thereto. Notwithstanding the foregoing, nothing contained herein shall be deemed to grant to Company any rights of first negotiation in connection with any
Strategic Peripherals or preclude, prohibit, restrict, impair or otherwise adversely affect, in any manner, Harmonix’s right to manufacture, distribute, market, promote, offer, sell, license or otherwise make available Strategic Peripherals
itself or via any third parties, whether or not similar to or competitive with the Licensed Products. 

2.7.1.2  Company Proposed Additional Hardware.  For any Company Proposed Additional Hardware,
Harmonix shall have [***] days from receipt from Company of a description of such Company Proposed Additional Hardware to provide Company with notice of its interest in such Company Proposed Additional Hardware. Within [***] days from receipt of
such notice of interest, if any, Company shall provide Harmonix with detailed specifications, anticipated wholesale prices the anticipated and actual Company COGS and bill of materials and good-faith anticipated, non-binding minimum quantities to be
manufactured with respect to the applicable Company Proposed Additional Hardware (collectively, the “Company Proposed Additional Hardware Materials”). Upon Harmonix’s review and approval, in its sole discretion, of the Company
Proposed Additional Hardware Materials, the Parties shall amend this Agreement to incorporate the terms and conditions pursuant to which Harmonix shall grant the necessary rights and licenses to Company for the manufacture and distribution of the
applicable Company Proposed Additional Hardware, together with such other terms and conditions as to which the Parties may agree. 

2.7.2  Licensed Product Bundles.  Company shall, subject to the terms of this Agreement, have the
Licensed Hardware made available for purchase by consumers in the Bundles. Company agrees that Harmonix shall have the right to approve any Bundles prior to manufacture and release, provided that the Band in a Box Bundle, Guitar Bundle and Dongle
Bundle are all deemed approved. 
 2.8  Failure to Meet.  If Company fails to meet its obligations in Sections
[***] (including, but not limited to, the [***] and the [***]), [***] or [***], then, without limiting any of Harmonix’s rights or remedies under this Agreement, including its right to terminate pursuant to
Section 8.2, (i) the exclusive obligations in this Section 2 shall automatically become non-exclusive, (ii) the provisions of Section 2.7.1 shall terminate, and (iii) all of the Launch Software
Royalty

 
Payments, to the extent unpaid, shall become immediately due and payable by the Company to Harmonix. 

3.          Designs; Approval of the Licensed Products. 

3.1        Designs.  Company shall have the option, at its discretion and its sole
cost and expense, to: (a) develop original designs, technology, know-how, specifications, schematics, chips, circuit boards, information regarding the sourcing of material, source or object code, trade secrets, copyrights, patents, processes,
protocols, systems, methods, designs, algorithms and any other intellectual and or industrial property and proprietary rights utilized in the development and manufacture of Licensed Hardware, such original designs, technology, know-how,
specifications, schematics, chips, circuit boards, information regarding the sourcing of material, source or object code, trade secrets, copyrights, patents, processes, protocols, systems, methods, designs, algorithms to be based on accepted and/or
required industry, legal and safety specifications including, without limitation, any government requirements (e.g., FCC approval) and technical specifications necessary or required for use with each of the Approved Consoles and in compliance
with technical, quality, design and other specifications and standards as determined by Harmonix in its sole discretion and subject to Harmonix’s prior approval as set forth in Section 3.1.1 hereof (the “Company
Designs”) or (b) utilize and/or implement the Harmonix Designs in connection with the design and manufacture of the Licensed Hardware, such Harmonix Designs made available to Company by Harmonix under license as set forth in
Section 2.4 hereof. 
 3.1.1  Harmonix Approval of Company Designs.  In the event
Company chooses to develop Company Designs, then prior to development, production or manufacture of any Licensed Hardware that Company intends to manufacture and produce utilizing such Company Designs, Company shall submit, at its sole cost and
expense, to Harmonix such Company Designs, together with all relevant information as may be reasonably requested by Harmonix including, without limitation, the materials to be used in the manufacture of each of the Licensed Hardware utilizing the
Company Designs. The Company Designs shall be subject to Harmonix’s approval, which may be withheld in Harmonix’s sole discretion. Harmonix shall advise Company in writing of its approval or disapproval of the Company Designs within a
reasonable time. Company shall not proceed to production or any stage of development of the Licensed Products utilizing any Company Designs without first securing approval from Harmonix for such Company Designs. 

3.2        Approval Process for Licensed Hardware.  Each Licensed Hardware
manufactured hereunder shall be subject to a verification of acceptability by Harmonix, in its sole discretion, to ensure that such Licensed Hardware satisfies

 

  
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 Harmonix’s requirements including, without limitation, all technical, aesthetic, look and
feel, features, operational and functional characteristics, quality and related requirements and fully conforms to and/or operates in accordance with the Technical Design Specifications and Standards, if applicable, and any additional acceptance
test criteria mutually agreed upon by the Parties. Company shall provide to Harmonix, at no charge, at least four (4) of each such applicable Licensed Hardware for such verification purposes. In connection with the foregoing, prior to
manufacture, Company shall provide to Harmonix the materials, information and deliverables (the “Development Deliverables”) identified in and otherwise comply with the process and procedures set forth in Exhibit C. Upon
receipt of any Development Deliverable, Harmonix shall promptly commence the applicable acceptance tests, with such participation, assistance and support from Company as is reasonably requested by Harmonix (at no additional cost to Harmonix), and
review and evaluate the results of each test upon conclusion. Notwithstanding any interim or discrete test, Harmonix’s final acceptance of any Development Deliverable shall only be deemed to have occurred on the date that Harmonix notifies
Company in writing that each such Development Deliverable has successfully passed the acceptance tests, fully conforms to and/or operates in accordance with the Technical Design Specifications and Standards and all other Harmonix requirements, and
are fully and properly operational and available for actual commercial non-test, productive use, each as determined by Harmonix in its sole discretion. 

3.3        Licensed Software Approval.   Harmonix shall be responsible for
creating a Gold Master candidate of the Licensed Software for submission to the First Party for the technical aspects of certification Harmonix and Company shall deal directly with the First Party. Company agrees that Harmonix will have final
control over the function, content and appearance of all Licensed Software (except as expressly agreed upon herein with regarding to branding). 

3.4        Harmonix Approval of Marketing and Packaging Materials.   Without
limiting any of the terms or conditions of Section 2.2, prior to the commercial use or release of any promotional, advertising, publicity, display or packaging materials in connection with the Licensed Products, Company shall submit
samples of such materials to Harmonix for approval. If Harmonix does not object in writing within [***] business days of receipt such samples, Company shall provide notice to Harmonix that Company shall deem the samples to have been approved unless,
within [***] business days of such notice, Harmonix objects in writing to such samples. Thereafter, Company may commercially use or release promotional, advertising, publicity, display or packaging materials based on or materially the same as the
approved samples without need for further approval. 
 4.        Additional Rights and
Obligations. 

 4.1        Overview of General Roles and
Responsibilities. 
 4.1.1  Harmonix.   Harmonix will (i) perform the Licensed
Software development, ratings, quality assurance, localization and other obligations as set forth in Section 4.3.1, (ii) select and license music for the Licensed Software, (iii) serve as the publisher of record for digital
versions of the Licensed Software as contemplated in Section 4.5, (iv) perform marketing services as set forth in Section 4.6.1; and (v) perform customer support for the digital versions of the Licensed Software.
Nothing in this Section 4.1.1 shall limit Harmonix’s express obligations in other Sections of this Agreement. 

4.1.2  Company.   Company will (i) perform the Licensed Hardware development and
manufacturing as set forth in Sections 4.2 and 4.3, (ii) manage and fund the manufacture of the physical Licensed Software with the First Party, (iii) serve as the publisher of record for the Licensed Hardware and the
physical Licensed Software as contemplated in Section 4.5, (iv) handle distribution of the Licensed Hardware and physical Licensed Software, (v) handle MDF/retail arrangements and perform other marketing services as set forth
in Section 4.6.2; and (vi) perform customer support for the Licensed Products as set forth in Section 4.2.4. Nothing in this Section 4.1.2 shall limit Company’s express obligations in other Sections of
this Agreement. 
 4.2         Company Rights and Obligations. 

4.2.1  Markings.   Without limiting any of the terms or conditions of
Section 2.3 or Section 3.4, Company shall affix, or cause to be affixed to all Licensed Products or packaging materials, as the case may be, and to all marketing, advertising and promotional materials used in connection
therewith (a) appropriate copyright, trademark and patent notices in accordance with standards which may be furnished by Harmonix from time to time, (b) any other legends, markings and notices required by any law or regulation in the
Territory or which Harmonix may reasonably request and (c) credit to any third party creators of any Licensed Products, as directed by Harmonix. No Licensed Products or other related materials shall contain any other copyright, trademark or
trade name unless Company has obtained Harmonix’s prior consent. Subject to the required consent of any of the First Parties and Harmonix’s approval rights as set forth in this Agreement, as applicable, Company shall have the right to
affix Company Marks on the Licensed Products, packaging materials, and all marketing, advertising and promotional materials with no greater than the prominence as the Harmonix Marks. 

4.2.2  Relationships with LCD Retailers and Approved Sites.   Company shall be solely
responsible, at its sole cost 

 

  
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 and expense, for entering into and maintaining throughout the Term agreements
with the LCD Retailers and Approved Sites. 
 4.2.3  Samples.   Concurrently with the
initial shipment of each Licensed Product, Company shall furnish to Harmonix, at no cost to Harmonix, 20 samples of each Licensed Product for each Authorized Console (i.e. each SKU). Upon Harmonix’s request, Company shall furnish to Harmonix,
at no cost to Harmonix, an additional 20 samples of each of the Licensed Products for each Authorized Console each year during the Term. Any Licensed Products requested by Harmonix in excess of the foregoing amounts may be purchased by Harmonix for
an amount equal to [***] of the then MSRP prices pursuant to Section 4.3.5 “MSRP Assumptions” hereof. Separate from and notwithstanding the above, on or before the Launch Date and at Harmonix’s direction, Company shall
furnish and deliver on behalf of Harmonix (a) up to [***] Band in the Box Bundles (including, but not limited to, Bundles for Rock Band Road Crew Members) at a price of [***] per Bundle (which amount includes shipping to end users), and
(b) up to [***] Stand-Alone Licensed Hardware Guitars at [***] per Guitar (with no additional charge for shipping to end users). 

4.2.4  Customer Support.   Company shall be responsible, at its sole cost and expense, for
providing all technical and customer support services to respond to and resolve all end user inquiries, requests and issues regarding the physical Licensed Products, including, without limitation, Service and Warranty Obligations for Licensed
Products that may be purchased by Harmonix pursuant to the terms and conditions of, and solely in consideration of the fees paid under, Section 2.5, Section 4.2.3, Section 8.5 and Section 10.1 hereof,
and distributed by Harmonix, or its designee, and the use thereof in a manner that is consistent with prevailing industry standards applicable to such services provided for other video game discs, peripherals and controllers designed and
manufactured for use on the Authorized Consoles. In connection with the foregoing, Company shall use commercially reasonable efforts to communicate and coordinate with any party providing technical support in connection with the Licensed Software to
ensure that end user inquiries, requests and issues are addressed by the appropriate responsible entity. Company shall comply with the minimum procedures set forth in Exhibit D, annexed hereto. 

4.2.5  Repairs and Defective Returns.   Company shall manufacture and/or maintain additional
Licensed Product inventory which shall be maintained by Company at Company’s facility within the Territory to process returns for defective Licensed Products including, without limitation, Service and Warranty Obligations for Licensed Products
that may be purchased by Harmonix pursuant to

 
the terms and conditions of, and solely in consideration of the fees paid under, Section 2.5, Section 4.2.3, Section 8.5 and Section 10.1 hereof,
and distributed by Harmonix, or its designee, in accordance with the Licensed Products warranty and returns terms and conditions made available to end users in connection with the Licensed Products. At all times during the Term and the end user
warranty term for the Licensed Products, Company shall retain and maintain a sufficient amount of inventory in order to process all repair and/or replacement requests from end users in a manner consistent with industry standards for the processing
of repair and/or replacement of video games and/or video game peripherals and controllers designed and manufactured for use on the Authorized Consoles. Company shall comply with the minimum procedures set forth in Exhibit E, annexed hereto.

 4.2.6  Recall of Licensed Products.   In the event that the Licensed Products
(a) pose a health or safety threat to the consumer or (b) are the subject of a finding by any governmental regulatory agency with jurisdiction and/or authority over the Licensed Products that the Licensed Products pose a health or safety
threat to the consumer, Company shall, at its sole cost and expense, recall such Licensed Products from the marketplace. In the event (y) any Licensed Product is subject to a claim or inquiry by any governmental regulatory agency with
jurisdiction and/or authority over the Licensed Products because of health or safety concerns or (z) upon Harmonix’s reasonable request as a result of reasonable concerns as to whether the Licensed Products pose a health or safety threat,
Company shall, at its sole cost and expense, undertake reasonable evaluation and testing of the applicable Licensed Products and take commercially reasonable corrective steps to address the claim or inquiry, including enacting appropriate corrective
measures to limit any negative publicity due to such claim or inquiry. 

4.2.7  Costs.   Except for any costs expressly assumed by Harmonix under this Agreement,
Company shall be solely responsible for all costs and expenses relating to the exercise of its rights and performance of its obligations under this Agreement, including all costs of tooling necessary to manufacture the Licensed Products. For the
avoidance of doubt, any failure to reference Company’s obligation to pay all costs and expenses in connection with its obligations hereunder shall not relieve Company of such financial obligations. 

4.2.8  Restrictive Covenant.   Company acknowledges that Company’s obligations under
this Agreement shall expose Company to past, present or future strategies, plans, business activities, methods, processes and/or information of Harmonix which are not only proprietary, confidential and/or trade secrets, but which may also afford
Harmonix certain competitive or strategic advantages in the 

 

  
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 marketplace. Accordingly, except as otherwise permitted by Harmonix in its
sole discretion or as set forth below, during [***] and the [***], if any, and for [***] thereafter (collectively, the “Restricted Period”), Company shall not directly or indirectly, whether for itself or a third party, design,
develop, create, manufacture, sell, market or distribute, or license, sell, transfer or convey any rights in and to the Company Intellectual Property for the development, design, creation, manufacture, sale, marketing or distribution of, any
products for use with (a) any game [***] developed and/or sold [***], and/or their [***], or (b) any other games [***] that are compatible with any of the Approved Consoles or which, in Harmonix’s reasonable discretion, [***] with the
[***], provided that (i) with respect to games under [***], Harmonix’s consent shall not be [***] and (ii) with respect to games under [***], Harmonix may [***] for any reason. For the avoidance of doubt, if Harmonix elects not to
grant any rights and licenses to Company for the manufacture and distribution of any Company Proposed Additional Product pursuant to the terms and conditions of Section 2.7.1.2, the foregoing restriction shall apply to such Company
Proposed Additional Products. 
 4.2.9  Company Key Contact.   Company hereby designates
Darren Richardson to serve as Company’s primary interface with Harmonix, with primary accountability and responsibility for and day-to-day responsibility and authority to ensure Harmonix’s satisfaction with Company’s performance of
its obligations under the Agreement. If Darren Richardson is unable to fulfill the foregoing responsibilities, Company shall immediately designate a replacement, subject to the approval of Harmonix. 

4.3         Delivery of Gold Master; Launch Date. 

4.3.1  Delivery to Company.   Harmonix shall deliver the Gold Master to Company by
September 15, 2015 (the “Target Delivery Date”). Any delay in delivery of the Gold Master after the above date shall result in a day-for-day delay in the Target Launch Date unless otherwise agreed in writing by the Parties. If
Harmonix fails to deliver the Gold Master to Company by the Target Delivery Date, the Parties will immediately meet and confer in person about what damages Company has suffered or is likely to suffer and will, in good faith, negotiate a solution to
the issues that are acceptable to the Parties. 
 4.3.2  Launch of the Licensed
Products.   Subject to the delivery of the Gold Master on the Target Delivery Date, Company shall cause the Launch Date to occur by October 6, 2015 (the “Target Launch Date”), by having available for sale at
retail/eCommerce [***] Licensed Product [***] on such date.

 4.3.3  Minimum Launch Quantities.   On or
before the Launch Date (except with respect to the proviso in clause (i) below), Company shall have available the following quantities of Licensed Products (the “Minimum Launch Quantities”): 

      i.          [***]
Band in the Box Bundles and Guitar Bundles available for sale at retail/eCommerce, with the proportion of each to be agreed between the Parties based on [***] and [***], but in any event including all Band In the Box Pre-Order Bundles necessary to
[***] for such Bundles, provided that, if Company is [***] to have [***] Band in the Box Bundles and Guitar Bundles available for sale at retail/eCommerce [***] the [***], then, notwithstanding the above, Company shall [***] to [***] the [***] of
Bundles at retail/eCommerce [***] but in any event[***]; 

      ii.         [***] copies
of the Stand-Alone Licensed Software available for sale at retail/eCommerce; and 

      iii.        Subject to
Section 4.3.7.2 and Section 4.3.7.3 below, [***] Dongles for the Xbox One (subject to Microsoft’s approval of the finished Licensed Software) available for sale at retail/eCommerce and/or sold and delivered to [***] or
its designee, with the proportion of each to be agreed upon by the Parties, provided that, (i) Company shall have [***] available for sale at retail/eCommerce and/or sold and delivered to [***] or its designee, at the Launch Date, and
(ii) if Company [***] have the [***] available at [***], then, notwithstanding the above, Company shall [***] to [***] the [***] of Dongles at retail/eCommerce and/or sell and deliver such Dongles to [***] or its designee at [***] election,
[***] but in any event, [***]. 
 For the avoidance of doubt, Company acknowledges and agrees that (A) all LCD Retailers shall
receive enough inventory out of the Minimum Launch Quantities to be able to fulfill their pre-orders (excluding [***] and [***]) (the “Pre-Order Fulfillment Requirement”), and (B) [***]
of the Minimum Launch Quantities shall be used to fulfill orders in [***] (the “[***] Requirement”). 

4.3.4  Minimum [***] Quantities.   On or before [***], Company shall have available the
following additional quantities of Licensed Products over and above the Minimum Launch Quantities (the “Minimum [***] Quantities”) 

      i.          An
aggregate of [***] Band in the Box Bundles and Guitar Bundles available for sale at retail/eCommerce, with the proportion of each to be agreed between the Parties based on [***] and [***]; and

 

  
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      ii.          [***]
copies of the Stand-Alone Licensed Software available for sale at retail/eCommerce. 
 4.3.5  MSRP
Assumptions. The Royalties for the Licensed Software set forth in this Agreement and the purchase prices set forth in Section 2.5 and Section 4.2.3 hereof are based on the following manufacturer’s suggested retail
prices: [***] for each Band in the Box Bundle; [***] for each Guitar Bundle; [***] for one copy of the Licensed Software, [***] for each Dongle on a stand-alone basis, [***] for each Dongle Bundle and [***] for each Stand-Alone Licensed Hardware
Guitar (the “MSRP Assumptions”). Company agrees to utilize the MSRP Assumptions as the MSRP for the Licensed Products, unless otherwise agreed in writing by the Parties from time to time. This Section 4.3.5 shall not
limit the price at which Company may sell the Licensed Products. If the above MSRP Assumptions change (without regard to [***] despite such [***]), the Parties agree to [***] in [***] to alter the [***] in order to reflect the [***] from the [***].

 4.3.6  Limitations on Stand-Alone Licensed Hardware.   Except for Guitars sold by Harmonix
at PAX East, Company agrees to [***] the [***] and [***] of [***] prior to manufacturing or distributing any Stand-Alone Licensed Hardware, unless otherwise approved by Harmonix on a case-by-case basis. Company shall not sell Stand-Alone Licensed
Hardware without first obtaining written permission from Harmonix. Notwithstanding the above, Company may manufacture Cymbals concurrently or prior to [***] and [***]. 

4.3.7  Dongles. 

        4.3.7.1        
    Development. Subject to Microsoft’s approval of the Dongle and the technical feasibility of the Dongle, Company shall develop, manufacture and distribute the Dongle as Licensed Hardware hereunder, except that each
Party agrees to fund the mutually agreed engineering work required to develop such Dongle on a [***] up to a maximum of [***] per Party. Company shall invoice Harmonix for its share of the Dongle development. 

        4.3.7.2        
    Dongle Modules. Harmonix agrees to pay for the [***] for each Dongle ordered. At the present time, Mad Catz has placed purchase orders for [***]. Forty-Five (45) days after the end of each calendar month in which
Dongles are sold (including to Harmonix), Company shall reimburse Harmonix [***] per Dongle sold during such calendar month. For the avoidance of doubt, until a Dongle incorporating a [***] is sold, Harmonix shall be considered the owner of all
[***] and paid for by Harmonix. 

        4.3.7.3        
    Dongle Landed Cost.    With respect to the Dongles purchased by Harmonix (and excluding any

 
Dongles sold to retail/eCommerce), Harmonix shall pay Company the Landed Costs for the Dongles minus [***] for the [***] (approximately [***]), with the Company COGS per Dongle to be capped at
[***]. 
          4.3.7.4  Additional
Dongles.     Company shall have the capacity to manufacture an additional [***] Dongles by [***] to fulfill requests pursuant to this Section 4.3.7.4. Upon the mutual agreement of the Parties, based on demand from
retail/eCommerce and/or an order to purchase Dongles by Harmonix or its designee pursuant to Section 4.3.7.3, Mad Catz shall build out additional Dongles from the remaining [***]. With respect to any additional Dongles beyond the initial [***]
Dongles, subject to Microsoft’s approval and no additional start-up costs, if Harmonix requests Company, Company shall order modules to make such additional requested quantity of Dongles by a date to be mutually agreed to by the Parties,
provided that Harmonix shall be responsible for [***] of the [***] pursuant to Section [***] and costs for Dongles purchased by Harmonix pursuant to Section 4.3.7.3. 

4.4         Harmonix Rights and Obligations. 

4.4.1  Tools Purchase.  At any time during the Term or at termination or expiration of the
Agreement, Harmonix shall have the right, within [***] days, in its sole discretion, to purchase from Company any or all of Company’s right, title and interest in and to (a) the Guitar Tools and/or the Drum Kit Tools, together with any
modifications, alterations, amendments and derivative works made thereto by Company, for an amount equal to [***] the items to be purchased, [***] as of [***] Harmonix exercises its right under this Section 4.4.1, without [***] or [***]
of any [***] and/or (b) all other tools, test kits, molds and other materials designed, developed and created by or on behalf of Company in connection with the manufacture of the Licensed Products, if any, for an amount equal to Company’s
[***] and [***] in [***] and [***] any such items to be purchased (collectively, any such items purchased by Harmonix shall be referred to as the “Repurchased Tools”). For the avoidance of doubt, except as otherwise provided in this
Agreement, any and all Company liability relating to tools, test kits, molds and other materials designed, developed and created by or on behalf of Company in connection with the manufacture of the Licensed Products shall terminate on the date of
such transfer. If Harmonix exercises its rights to purchase any Repurchased Tools during the Term, Harmonix shall grant to Company, and Company shall accept, a limited, exclusive, revocable, royalty-free license, commencing upon the date Harmonix
exercises such right and continuing until the expiration or termination of the Agreement, to use the Repurchased Tools solely for the purpose of the design and manufacture of the Licensed Products. To the extent Harmonix purchases the Repurchased
Tools at the termination or expiration of the Agreement, the amount to 

 

  
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 purchase the Repurchased Tools shall be set-off against any amounts still owed
by Company to Harmonix, if any. 
 4.4.2  Those Authorized By Harmonix to Provide Contract
Approvals.  Harmonix hereby designates Daniel Sussman and Steve Janiak to serve as Harmonix’s primary contacts with Company and each authorized to provide applicable approvals. If Mr. Sussman or Mr. Janiak is unable to
fulfill his designated responsibilities, Harmonix shall immediately designate a replacement or replacements, as applicable. 

4.5        Publishing.   The Parties will work together in good faith to obtain the
appropriate software and hardware publishing agreements from Microsoft and Sony for the Licensed Products. Company shall act as publisher of record for all the Licensed Hardware and for physical copies of the Licensed Software, including bearing any
and all fees and royalties due to a First Party in connection with such Licensed Products. Harmonix shall act as publisher of record for the digital Licensed Software and all associated downloadable content. Company shall provide Harmonix with its
publishing strategy for the Licensed Products for which it is the publisher of record, including retail, e-commerce, marketing and other strategies, for approval by Harmonix prior to their implementation by Company. Harmonix will respond promptly to
strategies proposed by Company; provided that (i) no such strategy shall be implemented without such approval by Harmonix and (ii) any material deviations in an approved strategy shall require Harmonix’s prior approval. 

4.6         Marketing. 

4.6.1  By Harmonix.  Harmonix will spend [***] in marketing for the Licensed Software, including
(i) any [***] that [***] provides to [***] in connection with the [***] of [***], and (ii) marketing funds or contributions procured by Harmonix from [***]. Harmonix shall have sole discretion of how to allocate such marketing spend, but
will consult with Company from time to time in connection with its marketing planning. Any additional marketing spend shall be at the sole discretion of Harmonix. 

4.6.2  By Company.  Company will arrange and pay for coop advertising with LCD Retailers of
approximately [***] of its [***] of the Licensed Products and for development and production of creative and other assets for retail and channel marketing efforts (e.g., standees, palettes, end caps, etc.). Company will consult with Harmonix with
respect to its MDF/coop advertising with the LCD Retailers. Company shall ensure that Harmonix and the Licensed Products receive prominent inclusion in Company’s marketing efforts; provided, however, that the failure of the Licensed
Products to receive prominent inclusion in co-op promotions and advertising campaigns for which the LCD Retailers have approval rights shall not be deemed a breach by Company of the foregoing obligation. Harmonix and

 
Company shall work together in good faith to implement Harmonix approved marketing, promotion and cross-promotion programs. Company shall market the Licensed Products including, without
limitation, channel and account-specific marketing, in a manner consistent with those for Company’s similar product offerings. Company shall be solely responsible for all of its marketing and promotional costs. Harmonix shall have no obligation
to market or promote the Licensed Products except as expressly provided in this Section 4.6. Company shall provide to Harmonix from time to time and upon request from Harmonix, any pre-order data and sell through data that it has for the
North American market or other markets as available. 
 5.        Proprietary Rights.

 5.1      Harmonix Intellectual Property.  As between Harmonix and Company, all right,
title and interest in and to the Licensed Software and any component thereof including, without limitation, materials, designs, information, technology, the Harmonix Designs, know-how, drawings, ideas, data, mask works, discoveries, schematics,
chips, circuit boards, plans, trade secrets, source or object code, copyrights, patents, processes, protocols, systems, methods, designs, algorithms and the Harmonix Marks (the “Harmonix Intellectual Property”) shall be and remain
the sole and complete property of Harmonix. Company recognizes the value of the goodwill associated with the Harmonix Intellectual Property, that the Harmonix Intellectual Property has secondary meaning in the mind of the public, and that the
trademarks and copyrights in the Harmonix Intellectual Property, and any registrations therefor, are good and valid. All use by Company of the Harmonix Intellectual Property shall inure to the benefit of Harmonix. Company shall not, during the Term
or thereafter, contest or assist others to contest, Harmonix’s rights or interests in the Harmonix Intellectual Property. Company shall not seek any copyright, trademark or patent registration in or for the Harmonix Intellectual Property. 

5.2      Company Intellectual Property.  As between Harmonix and Company, and subject to and
without limiting the terms and conditions of Section 4.2.8, all right, title and interest in and to the Company Designs and any and all materials, designs, information, technology, technical specifications, tools, test kits, molds,
know-how, drawings, ideas, data, mask works, discoveries, schematics, chips, circuit boards, plans, trade secrets, source or object code, copyrights, patents, processes, protocols, systems, methods, designs, algorithms and any other intellectual
and/or industrial property and/or other proprietary rights throughout the universe of any kind that are developed, created, authored or invented by Company before or during the Term and specifically developed for use in connection with or for the
Licensed Products (but specifically excluding any modifications, alterations, amendments and derivative works of the

 

  
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Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 Harmonix Designs) (“Company Intellectual Property”) shall be and remain the
sole and exclusive property of Company. Harmonix shall not, during the Term or thereafter, contest or assist others to contest, Company’s rights or interests in the Company Intellectual Property. Harmonix shall not seek any copyright, trademark
or patent registration in or for the Company Intellectual Property. 
 5.3        License to
Company Intellectual Property. Nothing contained in this Agreement shall be construed as a limitation or restriction on the rights of Harmonix and its licensees, upon expiration or termination of this Agreement, to manufacture, distribute, or
sell, directly or indirectly, any Licensed Software or any video game peripheral, controller or similar device to be used with the Licensed Software that may include or incorporate any Company Intellectual Property. In connection with the foregoing,
Company hereby grants to Harmonix a royalty free, perpetual, world-wide, sub-licensable license in and to Company Intellectual Property (but specifically excluding any Company Marks) to access and use same, at Harmonix’s sole discretion, for
the purpose of manufacturing and distributing video game peripherals, controllers or similar devices to be used with the Licensed Software. 

6.          Royalties; Music License Fees. 

6.1        Royalties.  In consideration of all of the rights and licenses granted in
this Agreement, subject to Section 6.2, Company shall remit to Harmonix the following royalties (the “Royalties”) as set forth below: 

6.1.1  For Stand-Alone Licensed Hardware: Subject to Section 6.2, Forty-Five (45) days
after the end of each calendar quarter in which the Stand-Alone Licensed Hardware was sold, Company shall pay to Harmonix a royalty of [***] of Net Sales during said calendar quarter (the “Royalty Period” for such Stand-Alone
Licensed Hardware) in connection with the sale and distribution of the Stand-Alone Licensed Hardware (the “Stand-Alone Licensed Hardware Royalty”). The Parties acknowledge and agree that if the Net Sales calculation for any Royalty
Period results in a negative Net Sales figure, (a) Company shall have no obligation to pay Royalties to Harmonix for such Royalty Period, (b) Harmonix shall have no obligation or liability to Company with respect to such negative Net Sales
and (c) in no event shall Company carry over or otherwise be entitled to a credit for such negative Net Sales in any subsequent Royalty Period. Company’s obligations to pay Royalties shall accrue upon the sale of any Stand-Alone Licensed
Hardware. For purposes of this Agreement, a Stand-Alone Licensed Hardware is considered “sold” when it is invoiced, shipped or paid for, whichever occurs first, solely except for those customers of Company for whom Company issues an
invoice upon confirmation of delivery, in which case such Stand-Alone Licensed Product shall be deemed “sold” when invoiced, provided that

 
Company issues an invoice to the applicable customer for such Stand-Alone Licensed Product within five business days of shipment. Notwithstanding anything to the contrary contained in this
Agreement, during each Royalty Period, in connection with calculating Net Sales for purposes of determining the Stand-Alone Licensed Hardware Royalty, Company shall have the right to establish a reasonable financial reserve to be applied solely
against actual returns of defective Stand-Alone Licensed Hardware in an amount not to exceed [***] of Net Sales for the applicable Royalty Period (each, a “Financial Reserve”). Company shall liquidate (i.e., true up) each
Financial Reserve upon the earlier of (i) the time period as set forth in accordance with GAAP or (ii) during each six months during the Term. 

6.1.2  Software Royalty:  Subject to Sections 4.3.5 and 6.2, Forty-Five
(45) days after the end of each calendar month in which Licensed Software was sold, Company shall pay to Harmonix a royalty of (i) [***] for Licensed Software sold outside a Bundle, (ii) [***] for Licensed Software sold in a Dongle
Bundle, and (iii) [***] for Licensed Software sold in any other Bundle (the “Software Royalty”) during said calendar month (the “Royalty Period” for the Software Royalty). For purposes of this Agreement, a
Licensed Software is considered “sold” when it is invoiced, shipped or paid for, whichever occurs first, solely except for those customers of Company for whom Company issues an invoice upon confirmation of delivery, in which case such
Licensed Products shall be deemed “sold” when invoiced, provided that Company issues an invoice to the applicable customer for such Licensed Products within five business days of shipment. 

Notwithstanding the above and in lieu of payments forty-five (45) days after the end of the applicable calendar month,
the Software Royalty for the Bundles and Licensed Software included in the Minimum Launch Quantities and Minimum [***] Quantities shall be paid as follows: 
  

	 	A.	For the [***] Bundles included in the Minimum Launch Quantities and the [***] Stand-Alone Licensed Software included in the Minimum Launch Quantities (together, the “Launch Software Royalty Units”), the
following payments shall be made: 

  

	 	1.	On or before [***], Company shall pay Harmonix [***], representing [***] of the Software Royalty for the Launch Software Royalty Units (calculated as [***] of [***], which is comprised of [***] Software Royalty for
Bundles [***] and [***] Software Royalty for Stand-Alone Licensed Software [***]). 

  

	 	2.	On or before [***], Company shall pay Harmonix [***], representing [***] of the Software Royalty for the Launch Software Royalty Units.

 

  
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	 	3.	On or before [***], Company shall pay Harmonix the remaining [***], representing the remaining [***] of the Software Royalty for the Launch Software Royalty Units. 

 

	 	B.	For the [***] Bundles and the [***] Stand-Alone Licensed Software included in the Minimum [***] Quantities, on or before [***], Company shall pay Harmonix [***], representing [***] of the Software Royalty for such
Bundles (calculated as [***]) and Licensed Software (calculated as [***]). 

 The amounts set forth in Subsections A and B
above are referred to as the “Launch Software Royalty Payments”). 
 6.1.3  No Royalty on
the Licensed Hardware portion of any Bundle.  For the avoidance of doubt, the Parties have agreed that there will be no royalty on the hardware portion of any Bundle. 

6.1.4  [***] Royalties.  Forty-Five (45) days after the end of each calendar month in which
the Licensed Software is sold, Company shall pay to Harmonix a royalty of [***] per each unit of Licensed Software sold or otherwise distributed, directly or indirectly, by Company, (the “[***] Royalty”) in each Royalty Period for
such Licensed Software, regardless of whether sold in a Bundle or as Stand-Alone Licensed Software. Harmonix hereby represents and warrants that Harmonix shall remit any and all [***] Royalty paid to it by Company to the appropriate [***] or [***]
and shall defend and indemnify Company against any claims from any [***] or [***] relating to the non-payment of royalties for which Company actually paid Harmonix. 

6.2        Deemed Sales.  For the avoidance of doubt, for the purposes of the
Software Royalty and [***] Royalty, (a) the Minimum Launch Quantities of the Licensed Products to be manufactured, delivered and available for sale at retail/eCommerce on or before the Launch Date shall be considered sold, and the applicable
Royalties shall be payable, upon the earlier of (i) the actual date of sale or (ii) the Launch Date, and (b) the additional Minimum [***] Quantities to be manufactured, delivered and available for sale at retail/eCommerce on or before
[***] shall be considered sold, and the applicable royalties shall be payable, upon the earlier of (1) the actual date of sale or (2) [***]. 

6.3        Promotional Copies of Licensed Software.  On or before any Launch Date,
Company shall, at its sole cost and expense, provide Harmonix with [***] copies of the physical Licensed Software, allocated among the Approved Consoles as Harmonix may request and Harmonix shall provide to Company [***] codes for digital copies of
the Licensed Software. 

 6.4        Payments and
Reports.  Concurrent with the obligation to pay the applicable Royalty, during the Term, Company shall submit to Harmonix a report detailing the Royalties payable (or if no Royalties are payable, a report indicating all relevant
information relating thereto, (e.g., sale of units for each Licensed Product by Authorized Console and by Territory, including both sell-in, wholesale costs and returns)) by Company to Harmonix for the applicable Royalty Period substantially
in the form set forth on Exhibit F (each, a “Royalty Report”), annexed hereto, along with payment of any Royalties due and payable by Company in accordance with the terms and conditions this Agreement. Acceptance by Harmonix
of any payments and any Royalty Report shall not preclude Harmonix from subsequently auditing or questioning any aspect of such amounts or any such Royalty Report within two years after the date of such Royalty Report. Each Royalty Report shall
include, at a minimum, (a) information detailing the sales of units of each of the Licensed Product by Approved Console and by Territory, (b) information detailing Company’s inventory in hand of Licensed Products at the expiration of
the Royalty Period, (c) the Royalties for the sale of all Licensed Products during the reporting period and the calculation thereof and (d) any additional data, information and substantiating documentation, including but not limited to
actual price protection, rebates, defectives, as Harmonix may reasonably request from time to time, which is necessary to substantiate the foregoing. Without limiting the foregoing, Company shall (y) use commercially reasonable efforts to
provide Harmonix with weekly reports from the LCD Retailers and Approved Sites setting forth the units of Licensed Products sold during the applicable reporting period and/or reports or other information regularly provided by the LCD Retailers and
Approved Sites to Company in connection with sales of the Licensed Products and (z) also provide to Harmonix on a monthly basis throughout the Term informational reports containing the foregoing information. 

6.5        Audit Rights.  During the Term and for a period of at least [***] years
thereafter, Company shall maintain accurate and complete records sufficient to verify the accuracy of payments hereunder, if any, including, without limitation, the elements and calculation of Net Sales and all Royalties, and the performance of
Company’s obligations hereunder. Harmonix shall have the right, at its expense and no more than once every [***] months, to examine and audit such records, to verify the correctness of the amounts paid under this Agreement; provided,
however that Harmonix agrees not to commence any audit during (a) the 45-day period immediately following the expiration of the Royalty Period to be audited or (b) the first 60 days of each fiscal year of Company. In the event that any
such audit reveals an underpayment in the amount of Royalties paid by Company to Harmonix, then Company shall immediately pay to Harmonix the incremental difference between the amount due and the actual amount that was paid, together with interest
calculated at the maximum rate permitted by law, and if the reporting discrepancy is more

 

  
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request for confidential treatment under rule 24b-2. 

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Agreement         

 

 than [***] of the Royalties that accrued in the [***] month period immediately preceding such
audit, then Company shall also reimburse Harmonix for the reasonable costs of the audit. Company shall provide Harmonix a written response, if any, to the audit findings within forty-five (45) days of receipt of such findings. Company’s
failure to timely respond to any audit findings shall be deemed an acceptance of such findings. 

7.        Confidential Information. 

7.1      Non-Disclosure.  Each Party agrees to regard and preserve as confidential (a) all
information related to the rights and obligations of the other Party under this Agreement and the business and activities of the other Party, its customers, clients, licensors, suppliers and other entities with whom such other Party does business,
which may be obtained by such Party from any source or may be developed or disclosed as a result of this Agreement including, without limitation, (i) all information and data contained in any reports provided by either Party to the other Party
hereunder and (ii) the economic and financial terms and conditions contained in or otherwise referenced by this Agreement and (b) each Party’s trade secrets, proprietary and competitive information, financial information, and,
information relating to the Parties designs and tools, the specific terms of this Agreement, past and present operations, activities, future plans and strategy (collectively, the “Confidential Information”). Each Party agrees to
hold the Confidential Information of the other Party in trust and confidence and shall not disclose such information to any person, firm or enterprise, or use (directly or indirectly) any such information for its own benefit or the benefit of any
other Party, except as set forth below. Even when disclosure is permitted, each Party agrees to limit access to and disclosure of the other Party’s Confidential Information solely to its employees on a “need to know” basis for
purposes directly related to the performance of the Party’s obligations hereunder. Notwithstanding the foregoing, either Party may disclose the other Party’s Confidential Information (y) to its attorneys, auditors or bankers with a
duty of confidentiality or (z) pursuant to applicable law or regulation or compulsion of proper judicial or other legal process; provided, however, that (i) the disclosing Party shall provide prompt notice prior to such required
disclosure to enable the other Party to seek a protective order or other appropriate remedy to safeguard, restrict and/or limit the disclosure of such Confidential Information and (ii) any such disclosure is limited to such other Party’s
Confidential Information as is necessary (1) for the applicable person to whom the Confidential Information is disclosed to discharge his or her responsibilities or (2) to comply with the applicable law, regulation or instrument compelling
such disclosure. 
 7.2      Exclusions.  Information shall not be considered Confidential
Information to the extent, but only to the extent that such information (a) is or becomes publicly available through no fault, default or breach of or by the receiving Party,

 
(b) is or was rightfully acquired by the receiving Party from another, to the receiving Party’s knowledge, without restriction or obligation of confidentiality, (c) if such
information is or was independently developed by the receiving Party without use of or reference to Confidential Information of the other Party, or (d) was lawfully in the possession of the receiving Party prior to disclosure by the other
Party. 
 7.3      Recipients.  Each Party shall, in advance, by agreement, instruction or
otherwise, ensure that each individual who obtains or is in a position to obtain Confidential Information of the other Party, understands and has agreed to comply with the obligations in this Article 7. 

7.4      Equitable Relief.  In the event of a breach or threatened breach of the foregoing
confidentiality obligations by one Party, the other shall suffer immediate and irreparable harm for which, money damages shall be impossible to calculate and be inadequate compensation. Accordingly, either Party shall be entitled to an injunction,
restraining order or other equitable relief to enforce compliance with the provisions hereof; provided, however, that no specification herein of any particular legal or equitable remedy shall be deemed or construed to prohibit either Party
from seeking or obtaining any other remedy under this Agreement, at law or in equity. 

8.        Term and Termination. 

8.1      Term.  This Agreement shall commence on the Effective Date and shall continue
thereafter until the date that is [***] years after the actual Launch Date, unless earlier terminated in accordance with the terms and conditions set forth herein (the “Term”). 

8.2      Termination and Other Rights Upon Breach.  Upon the occurrence of any of the
following, then in addition and without prejudice to any rights which it may have at law, in equity or otherwise, Harmonix shall have the right to terminate this Agreement, to delete from this Agreement any elements of the Licensed Products, to
terminate any grant of rights to Company as provided in this Agreement and/or to require the immediate payment of any Royalties due or to become due hereunder: 

(a)       Company fails to comply with its material obligations under Section 2.6, 

(b)       Company fails to actively manufacture, advertise, distribute or sell the Licensed Products, 

(c)       Company fails to make a Royalty payment or furnish a Royalty Report in accordance herewith and
does not cure such failure within three business days after notice thereof, 

 

  
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request for confidential treatment under rule 24b-2. 

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Agreement         

 

 (d)       Company underpays Royalties due to Harmonix by more
than 10% for two or more Royalty Periods, so long as such Royalty Periods are the subject of more than one audit conducted pursuant to the terms and conditions of Section 6.5, 

(e)       Company fails to comply with the approval requirements hereunder, and does not cure such failure
within 30 days of notice thereof, 
 (f)       Company fails to comply with the quality, health and
safety requirements hereunder and/or the Licensed Products do not comply with such requirements and/or the Licensed Products are the subject matter of adverse or negative publicity due to such failure, 

(g)       Any Licensed Hardware has a defect rate based on a representative sample, verified by independent
testing approved by Harmonix, (i) in excess of [***] on the Launch Date or (ii) in excess of [***] on any anniversary of the Launch Date during the Term, 

(h)       Company fails to comply with any other of Company’s material obligations hereunder or
breaches any warranty or representation made by it, and does not cure such breach within 30 days of notice thereof, 

(i)       Company (i) admits in writing its inability to pay its debts as they become due, fails to
satisfy any enforceable, final and material judgment against it, or otherwise ceases operations of its business in the ordinary course, (ii) is adjudicated bankrupt or becomes insolvent, (iii) winds up or liquidates its business
voluntarily or otherwise, (iv) applies for, consents to or suffers the appointment of, or the taking of possession of by, a receiver, custodian, assignee, trustee, liquidator or similar fiduciary of itself or of all or any substantial portion
of its assets, (v) makes a general assignment for the benefit of creditors other than in the ordinary course of financing its ongoing operations, (vi) commences a voluntary case under any state or federal bankruptcy laws (as now or
hereafter in effect), (vii) files a petition seeking to take advantage of any other law providing for the relief of debtors, (viii) acquiesces to, or fails to have dismissed, within 90 days, any petition filed against it in any involuntary
case pursuant to such bankruptcy laws and/or (ix) takes any action for the purpose of effecting any of the foregoing, 

(j)       Company sells, distributes or markets, or knowingly permits any third party to sell, distribute
or market, the Licensed Products outside the Licensed Channels of Distribution or outside the Territory, 

(k)       Company fails to obtain or maintain insurance in the amount of the type provided for herein and
does not cure such failure within 30 days of notice thereof,

 (l)        Company contests or assists others to contest
Harmonix’s rights or interests in the Licensed Products or the validity of the licenses granted pursuant to Section 2 of this Agreement, or 

(m)       Company fails to comply with any material obligation or provision set forth in any other
agreement between Company and Harmonix. 
 8.3        Termination for Purported Assignment or
Change of Control of Company.  Harmonix may terminate this Agreement at any time upon notice to Company in the event of (a) a purported assignment by Company of this Agreement or any of Company’s rights and obligations under
this Agreement in breach of, or that is not permitted by, Section 12.1 or (b) a Change of Control of Company to which Harmonix withholds its consent, such consent not to be unreasonably withheld; provided however, that
Harmonix’s failure to consent shall be automatically deemed reasonable with respect to the [***] seeking to [***], and their respective Affiliates. In addition, in the event of a Change of Control of a Company Affiliate that is a Subcontractor
pursuant to the terms and conditions of Section 2.6.3.1, Harmonix may terminate solely those rights granted to such Affiliate; provided, however, that, so long as at the time Harmonix exercises such right, neither Company nor its
Affiliate is in breach of any of the provisions of this Agreement, such termination shall not otherwise limit or restrict Company’s rights or obligations under this Agreement. 

8.4        Termination for Insufficient Working Capital.  At any time during the
Term, Harmonix may, in its reasonable discretion, request that Company provide information to demonstrate that it has sufficient working capital to satisfy its financial obligations when they come due. Company shall immediately notify Harmonix if an
event of default occurs under any agreement pursuant to which Company is provided a line of credit or other working capital facility, including, without limitation, a breach of any material covenant made by Company in any such agreements related to
Company’s liquidity, financial operations or cash balance. Company shall use commercially reasonable efforts to cure any such default within thirty (30) days. If Harmonix reasonably believes that Company does not have adequate working
capital to materially satisfy its financial obligations hereunder when they come due, Harmonix may, cumulatively reserving all its rights and remedies, inform the Company of its intent to terminate this Agreement and seek from the Company or its
financial backers assurances as to the issues identified by Harmonix. To the extent that, in Harmonix’s reasonable discretion, the Company and/or its financial backers cannot promptly provide such reasonable assurances or secure sufficient
additional capital without defaulting on any of its obligations hereunder, then Harmonix may terminate this Agreement, delete from this Agreement any elements of the Licensed Products, terminate any exclusive grant of rights to Company as provided
in this 

 

  
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request for confidential treatment under rule 24b-2. 

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Agreement         

 

 Agreement and/or require the immediate payment of any Royalties due hereunder. 

8.5       Effect of Termination.  Upon any termination or expiration of this Agreement,
(a) all rights and licenses granted to Company shall terminate, (b) any and all payments due or to become due including, without limitation, any Royalties, shall be immediately due and payable and (c) Company shall no longer
manufacture, advertise, distribute or sell the Licensed Products or any product which may infringe upon Harmonix’s proprietary rights, including without limitation, the Harmonix Intellectual Property, or use any name, logo or design which is
substantially or confusingly similar to the Harmonix Designs on any product in any place whatsoever. Company shall promptly deliver to Harmonix a statement indicating the on hand inventory of finished Licensed Products, as well as those units in the
process of being manufactured. Harmonix shall have the right to conduct a physical inventory in order to ascertain or verify such inventory and statement. Except as provided in Section 8.6, such inventory shall at Harmonix’s option,
be destroyed by Company or purchased by Harmonix at [***] for such Licensed Products. Disposition of any plates, molds, forms, lithographs or other materials relating to the Licensed Products shall be subject to notice from Harmonix to Company
either to destroy or deliver same to Harmonix or its designee. In the event that Harmonix requests Company destroy its inventory, the Licensed Property or other materials relating thereto, Harmonix may require Company to deliver to Harmonix an
affidavit by an officer of Company attesting to such destruction. 
 8.6       Wind-Down
Period.  Upon expiration of this Agreement or termination based solely upon Harmonix’s uncured breach of any of its obligations hereunder, Company may continue to sell Licensed Products, previously manufactured and on hand in
Company’s inventory as of the effective date of expiration, on a non-exclusive basis for a maximum period of [***] following the effective date of such expiration (“Wind-Down Period”), subject to all of the terms and conditions
contained in this Agreement, including without limitation, Company’s obligations to remit Royalties to Harmonix under this Agreement; provided, however that (a) the Licensed Products shall be sold in the ordinary course of business
at prices not lower than the prevailing wholesale price or prices charged by Company during the 60-day period immediately preceding the expiration of this Agreement and (b) no new Licensed Products are manufactured during the Wind-Down Period.
Company acknowledges and agrees that nothing herein shall be deemed to restrict or limit Harmonix’s rights in and to the Harmonix Intellectual Property during the Wind-Down Period, including, without limitation, the right to enter into any
agreements with third parties in connection with the manufacture and distribution of peripherals, controllers and other devices for use with the Licensed Software.

 9.       Representations, Warranties and Covenants.

 9.1     Mutual.  Each Party represents, warrants and covenants to the other Party that:
(a) it has the full corporate right, power and authority to enter into this Agreement and to perform the acts required of it under this Agreement, (b) the execution of this Agreement and performance of its obligations under this Agreement
do not and shall not violate any other agreement to which it is a party, (c) this Agreement constitutes the legal, valid and binding obligation of such Party when executed and delivered and (d) any and all activities it undertakes in
connection with this Agreement shall be performed in compliance with all applicable laws, rules and regulations. 

9.2     By Company.  Company further represents, warrants and covenants to Harmonix that
(a) the Company Intellectual Property and all ideas, creations, designs, materials, and other intellectual, industrial or other proprietary rights utilized by Company in connection with the performance of its obligations under this Agreement or
otherwise incorporated or embodied in the Licensed Products shall be Company’s own and original creation and/or fully licensed by Company, (b) the Licensed Hardware and all other materials used in connection therewith (i) shall be of
equal or greater quality as those peripherals and controllers manufactured and distributed by Company for use in connection with versions of the Rock Band 3 video game series prior to the Effective Date and reasonably suitable for goods of the type
of the Licensed Hardware, (ii) when used as intended, shall be safe for use by consumers and (iii) shall comply with all applicable governmental rules, guidelines, codes, regulations, and warranties (express or implied), (c) Company
shall appropriately implement and manage the recall of any Licensed Products in a manner that limits Harmonix’s exposure to negative publicity as a result of such recall, (d) the Licensed Products shall be manufactured, distributed, sold
and advertised in accordance with all applicable federal, state and local laws including, without limitation, all applicable labor laws and regulations and in a manner that will not reflect adversely upon Harmonix, (e) the Company Marks, in the
form provided by Company to Harmonix hereunder and when used as permitted under this Agreement, and the Licensed Products shall not infringe upon or violate any rights of any third parties, (f) Company is capable of maintaining sufficient
production capacity to meet the demand of Harmonix for the Licensed Products, (g) Company shall not exchange or trade in value of any kind in connection with products or services to the extent doing so results in (i) an increase in the
costs and expenses used by Company to calculate Net Sales or Royalties due hereunder or (ii) a decrease in Net Sales or Royalties due hereunder, (h) Company shall ensure that the Licensed Products shall be of merchantable quality and free
from material defects (including, without limitation, material latent defects) and shall conform in all material respects with the Technical Design Specifications and Standards, (i) Company

 

  
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 shall use reasonable commercial efforts to obtain maximum sales, in line with good business
practices, of the Licensed Products in the Territory during the Term, (j) Company has obtained or shall obtain all required authorizations, approvals, licenses, or permits from all government authorities in order for it to enter into and
perform its obligations pursuant to this Agreement, (k) Company shall obtain and maintain all approvals, rights, consents, accreditations and certifications required by, and enter into and remain in compliance with the material provisions of
any agreements or licenses with, the First Parties for the design, production, manufacture and/or distribution of all Licensed Products and to otherwise comply with its obligations under this Agreement (l) Company shall not pledge this
Agreement, or the rights provided hereunder, as security or collateral to any third party, but specifically excluding those certain agreements entitled “Loan and Security Agreement by and between Mad Catz, Inc., as Borrower, Mad Catz
Interactive, Inc. and 1328158 Ontario Inc., as Guarantors and Credit Parties, Newstar Business Credit, LLC, as Administrative Agent and the Lenders From Time To Time Party Hereto, dated as of June 29, 2015 and Faunus Group International, Inc.
as FGI and Mad Catz Europe Limited as the Client and the Company listed herein as Original Security Obligor Master Facilities Agreement (England & Wales) relating to US$10,000,000 Receivables Purchase and Inventory Facilities, dated
July 1, 2015”, as well as all related agreements pertaining thereto. Company shall not sell, distribute, market or knowingly permit any third party to sell, distribute or market any Licensed Products which are damaged, defective,
“seconds” or otherwise fail to meet the specifications quality or notice approval requirements contained hereunder and (n) Company shall be solely responsible for all costs and expenses related to the Licensed Products including,
without limitation, design, development, production, manufacturing, packaging, third party clearances, duplication, marketing, distribution and sale of the Licensed Products. Company agrees and acknowledges that all inventory of the Licensed
Products is at Company’s sole risk and expense. 
 9.3       By Harmonix.  Harmonix
further represents, warrants and covenants to Company that the Harmonix Marks, in the form provided by Harmonix to Company hereunder and when used as permitted under this Agreement, do not infringe the rights of any third party under the laws of any
nation within the Territory. 
 9.4       Disclaimer.  EXCEPT FOR THE EXPRESS
REPRESENTATIONS AND WARRANTIES SET FORTH IN THIS AGREEMENT, ALL INFORMATION, PRODUCTS AND SERVICES PROVIDED BY ONE PARTY TO THE OTHER UNDER THIS AGREEMENT ARE PROVIDED WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND, WHETHER EXPRESS, IMPLIED,
STATUTORY OR OTHERWISE, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES

 
OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 

10.       Indemnification; Limitation of Liability. 

10.1     By Harmonix.  Harmonix agrees to defend and/or handle at its own cost and expense any claim
or action against Company, its officers, directors, employees, representatives, and agents based upon or in connection with any action or claim by a third party arising out of (a) any actual or alleged breach of Harmonix’s representations,
warranties and covenants contained in this Agreement, (b) Company’s use of the Harmonix Designs and Harmonix Marks solely in the form provided by Harmonix to Company hereunder and as specifically permitted under this Agreement and
(c) Company’s distribution of the Licensed Software, but specifically excluding any such claim or action caused by or based upon (i) Company’s performance of its obligations under this Agreement, including without limitation the
creation of the Licensed Hardware, (ii) the Company Intellectual Property or (iii) any unauthorized act or omission by Company or any of its employees, agents or representatives. Harmonix agrees to indemnify and hold Company harmless from
and against any and all liabilities, losses, damages, costs and expenses (including reasonable attorneys’ fees) associated with any such third party claim or action. Harmonix shall have the right to conduct the defense of any such claim or
action and all negotiations for its settlement or compromise; provided, however, that (y) no settlement or compromise affecting the financial or legal obligations of Company shall be entered into or agreed to without Company’s prior
approval and unless such settlement contains an unconditional release by the claimant or the plaintiff of Company, its officers, directors, employees, representatives and agents from all liability in respect of such claim or action and
(z) Company has the right to participate, at its own expense, in the defense and/or settlement of any such claim or action in order to protect its own interests. Notwithstanding the foregoing, should the Licensed Software, the Harmonix Designs
or Harmonix Marks or any part thereof become, or in Harmonix’s opinion, be likely to become, the subject of a claim of infringement, Harmonix may, at its option and expense, either procure for Company the right to continue using the applicable
items or replace or modify the applicable items so as to make them non-infringing. If replacement or modification is not possible or is commercially unreasonable, without limiting any of its other rights or remedies under this Agreement, Harmonix
may, in its sole discretion, terminate the rights granted to Company under this Agreement with respect to any element of the Licensed Products subject to such claim of infringement; provided, however, that in the event of such a termination
of rights, Harmonix shall pay Company all applicable Termination Costs with respect to any applicable Licensed Products then remaining in Company’s inventory, the Parties acknowledging and agreeing that the payment of such Termination Costs

 

  
 19 

Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 fairly represents liquidated damages for a termination of rights under the circumstances
described in this sentence and shall not be deemed a penalty for the loss caused by such termination. Company further acknowledges and agrees that, other than with respect to Harmonix’s indemnification obligations as provided in this
Section 10.1, the payment of the foregoing Termination Costs set forth Company’s sole and exclusive remedy in connection with a termination of rights as set forth in the preceding sentence. 

10.2       By Company.  Company agrees to defend and/or handle at its own cost and expense
any claim or action against Harmonix and its Affiliates and their respective officers, directors, employees, representatives and agents based upon or in connection with any action or claim by a third party arising out of (a) any actual or
alleged breach of any of Company’s representations, warranties and covenants contained in this Agreement, (b) any defect (latent or patent) in the Licensed Products or (c) Company’s performance of its obligations under this
Agreement, including without limitation (i) the creation of any modifications, alterations, amendments and derivative works of the Harmonix Designs, (ii) the Company Intellectual Property or (iii) any unauthorized act or omission by
Company or any of its employees, agents or representatives. Company agrees to indemnify and hold Harmonix harmless from and against any and all liabilities, losses, damages, costs and expenses (including reasonable attorneys’ fees) associated
with any such third party claim or action. Company shall have the right to conduct the defense of any such claim or action and all negotiations for its settlement or compromise; provided, however, that (y) that no settlement or
compromise affecting the financial or legal obligations of Harmonix shall be entered into or agreed to without Harmonix’s prior approval and unless such settlement contains an unconditional release by the claimant or the plaintiff of Harmonix,
its officers, directors, employees, representatives and agents from all liability in respect of such claim or action and (z) Harmonix has the right to participate, at its own expense, in the defense and/or settlement of any such claim or action
in order to protect its own interests. 
 10.3       Limitation of Liability.  EXCEPT
FOR (A) ANY DAMAGES SUFFERED BY A THIRD PARTY AS A RESULT OF A THIRD PARTY CLAIM OR ACTION FOR WHICH EITHER PARTY HAS AN INDEMNIFICATION OBLIGATION TO THE OTHER AS SET FORTH IN SECTION 10.1 OR SECTION 10.2, AS APPLICABLE,
(B) ANY DAMAGES RESULTING FROM ANY BREACH OF A PARTY’S CONFIDENTIALITY OBLIGATIONS SET FORTH IN ARTICLE 7 AND/OR (C) CLAIMS ARISING OUT OF A PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, IN NO EVENT SHALL EITHER PARTY BE
LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO LOST PROFIT,

 
DAMAGE TO REPUTATION, LOST OPPORTUNITY DAMAGES, ETC., IN ANY MANNER IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT, REGARDLESS OF THE FORM OF ACTION OR THE BASIS OF THE CLAIM OR WHETHER OR
NOT SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 
 10.4       Joint and Several
Liability.  Company and its Affiliates shall be jointly and severally liable to Harmonix for any and all obligations to and/or damages incurred by Harmonix in connection with this Agreement. 

11.         Insurance. 

Company shall obtain and maintain at its own cost and expense from a qualified insurance company licensed to do business in New York, separate
polices for (a) Commercial General Liability Insurance, (b) standard Product Liability Insurance, both naming Harmonix as an additional insured, with respect to all Licensed Products manufactured hereunder, whether sold during the Term or
thereafter. The Product Liability Insurance shall provide protection against any and all claims, demands and causes of action arising out of any defects or failure to perform, alleged or otherwise, of the Licensed Products or any material used in
connection therewith or any use thereof during the Term and thereafter. The amount of coverage for each policy shall be [***] per occurrence. The policies shall provide for notice to Harmonix from the insurer in the event the coverage is terminated.
If any of the policies are modified, cancelled or not renewed, Company shall provide notice to Harmonix of same within five business days of Company’s obtaining knowledge related to same. Company agrees to furnish Harmonix a Certificate of
Insurance issued by the insurer(s) confirming all of the above prior to the final execution of this Agreement. In no event shall Company manufacture, distribute or sell the Licensed Products prior to receipt by Harmonix of such binding evidence of
insurance. 
 12.         Miscellaneous. 

12.1       No Assignment.  This Agreement shall be binding upon and shall inure to the
benefit of the Parties and their permitted assigns, except that neither this Agreement nor either Party’s rights or obligations hereunder shall be assigned or transferred by either Party without the prior consent of the other Party, which
consent shall not be unreasonably withheld; provided, however, that (i) no consent shall be necessary from the other Party in the event of a Party’s assignment of any and/or all rights or obligations hereunder, to one or more Affiliates of
such assigning Party and (ii) Harmonix’s failure to consent shall be automatically deemed reasonable with respect to [***] by Company to the [***] and their respective Affiliates. Any purported assignment without a required consent shall
be void ab initio and of no force and effect. 

 

  
 20 

Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 12.2        Relationship; No Third Party
Beneficiaries.  Each Party is an independent contractor and each Party’s personnel are not employees or agents of the other Party for federal, state or other tax purposes or any other purposes whatsoever. Personnel of one Party
have no authority to make representations, commitments, bind or enter into contracts on behalf of or otherwise obligate the other Party in any manner whatsoever. Nothing in this Agreement shall be construed or deemed to constitute, create, give
effect to or otherwise recognize a joint venture, partnership, business entity of any kind, nor constitute one Party an agent of the other Party. Except as otherwise set forth in Article 10, there are no third party beneficiaries, actual or
intended, under this Agreement. 
 12.3        Excusable Delay.  In no event
shall either Party be liable, one to the other, for any delay or failure in the performance of its obligations hereunder, arising out of or caused by circumstances outside such Party’s reasonable control and without such Party’s fault or
negligence; provided, however, that if any such excusable failures or delays last, in the aggregate, for a period of [***] days or more, the other Party shall have the right to terminate this Agreement upon notice to the other. 

12.4        Notices.  All notices and other communications required or permitted
under this Agreement shall be in writing and delivered personally, mailed via certified mail, postage prepaid, or via a nationally recognized overnight courier, to the applicable Party at the addresses set forth below, unless, by notice, a Party
changes or supplements the addressee and addresses for giving notice. All notices shall be deemed given on the date personally delivered or when placed in the mail as specified. 

If to Harmonix: 
 Harmonix Music Systems, Inc.

 Attention: Steve Janiak, CEO 
 40 Broad Street, Floor 7 

Boston, MA 02109 
 Telephone:
          (617) 491-6144 
 Email:    Steve.Janiak@harmonixmusic.com 

With copies to: 
 Harmonix Music Systems, Inc. 

Attention: Andrew Sung, General Counsel 
 40 Broad Street, Floor 7

 Boston, MA 02109 
 Telephone:
  (617) 491-6144 
 Email:    Andrew.Sung@harmonixmusic.com 

If to Company:

 Company: Mad Catz Interactive, Inc. 

Attention: Darren Richardson 
 Address: 10680 Treena Street, Suite
500 
 San Diego, California 92131 

Telephone:            (619) 683-5050 

Telecopy:              (858)683-9839 

Email:    drichardson@madcatz.com 
 With a
copy to: 
 Company: Mad Catz, Inc. 
 Attention: Whitney E.
Peterson 
 Address: 10680 Treena Street, Suite 500 
 San Diego,
California 92131 
 Telephone:            (619) 885-5430 

Telecopy:              (858)683-9839 

Email:    wpeterson@madcatz.com 

12.5        Publicity; Press Releases.  Promptly following the Effective Date, the
Parties shall work in good faith to mutually agree on an initial press release, in compliance with public company disclosure requirements, which shall include specific references to the Licensed Software and the Licensed Products. Except as
otherwise specifically provided herein, neither Party shall be entitled to use the name, service or trademarks, logos or otherwise identify or refer to the other Party in any press releases, publicity, marketing or promotional material without the
prior, express approval of such other Party in each instance. 
 12.6        Governing Law,
Interpretation and Counterparts.  This Agreement and all disputes, claims, actions, suits or other proceedings arising hereunder shall be governed by, and construed in accordance with, the substantive law of the State of New York
applicable to contracts wholly made and to be performed within the State of New York. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one single agreement between the Parties. 

12.7        Consents.  Except as specifically set forth in this Agreement, all
consents, requests and approvals to be given by either Party under this Agreement shall (a) be in writing and (b) not be unreasonably withheld. Each Party shall make only reasonable requests under this Agreement. 

12.8        Amendment, Waiver and Severability.  No amendment, modification, waiver
or discharge of any provision of this Agreement shall be valid unless made in writing and signed by an authorized representative of the Party against enforcement is sought. No failure or delay by either Party to exercise any right or enforce any
obligation shall impair or be construed as a waiver or on-going waiver of that or any or other right or power, unless made in writing by the Party making the waiver. If any provision of this Agreement

 

  
 21 

Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution
Agreement         

 

 is held to be illegal, invalid or unenforceable, the remaining terms and conditions of this
Agreement shall be unimpaired and remain in full force and effect. 

12.9      Survival.  All provisions of this Agreement shall terminate upon the expiration or
termination of this Agreement, except for Sections 1, 2.3.2, 2.5, 2.6, 3.4, 4.2.1, 4.2.4, 4.2.5, 4.2.6, 4.2.7, 4.2.8, 4.4.1, 5, 6, 7, 8.5, 8.6, 9. 10. 11 and 12 and the Exhibits and Schedules referenced therein, each of which shall survive the
cancellation, expiration or

 
termination of this Agreement according to their respective terms and conditions. 

12.10      Entire Agreement.  This Agreement, together with the Exhibits and Schedules
hereto which are incorporated herein by this reference, constitutes the entire agreement between the Parties and supersedes any prior or inconsistent agreements, negotiations, representations and promises, written or oral with respect to the subject
matter hereof (including without limitation the Binding Term Sheet). 

 

  

      IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. 

 

							
	              HARMONIX MUSIC SYSTEMS, INC.	    	    Company:	  	            MAD CATZ INTERACTIVE, INC.
				
	By:	  	   /s/ STEVE JANIAK
	    	By:	  	   /s/ DARREN RICHARDSON

				
	Name:	  	   Steve Janiak
	    	Name:	  	   Darren Richardson

		  	[Type or Print]	    		  	
				
	Title:	  	   CEO
	    	Title:	  	   President & CEO

				
		  		    		  	  MAD CATZ, INC.
				
		  		    	By:	  	   /s/ DARREN RICHARDSON

				
		  		    	Name:	  	   Darren Richardson

				
		  		    	Title:	  	   President & CEO

  
 22 

Certain information indicated by [***] has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a
request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  

EXHIBIT A 

TECHNICAL DESIGN SPECIFICATIONS AND STANDARDS 

[***] 

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  

EXHIBIT B 

APPROVAL OF MANUFACTURER 

This AGREEMENT, dated as of
                                 is made by and between Harmonix Music Systems,
Inc., with offices at 40 Broad Street, 7th Floor, Boston, MA 02109 (“Harmonix”) and
                                         
                    with offices at
                                         
                            (“Company”). 

1.        APPROVAL GRANTED: Reference is made to that certain Harmonix Rock Band 4 Manufacturing, Publishing
and Distribution Agreement (“License Agreement”) dated as of March 4, 2015 between Harmonix on the one hand and Mad Catz Interactive, Inc. and Mad Catz, Inc. on the other hand (“Licensee”) granting Licensee the
right to manufacture:
                                         
                                         
                               (hereinafter referred to as the “Licensed
Articles”). Licensee has advised HARMONIX that Licensee desires to use the services of Company to manufacture the Licensed Articles. Subject to the terms and conditions hereof, HARMONIX hereby grants its approval of Company to act for
Licensee as the manufacturer of the Licensed Articles. 
 2.         OBLIGATIONS OF COMPANY: Company hereby
covenants and agrees that: 
 A.        Company shall only manufacture the Licensed Articles as and
when directed by Licensee; 
 B.        Company shall manufacture the Licensed Articles in
accordance with requirements imposed by Licensee including, without limitation, any requirements regarding (i) compliance with all laws, regulations and governmental rules applicable to the Licensed Articles and/or their manufacture and
(ii) affixing notices such as copyright, trademark, patent or other proprietary notices to the Licensed Articles as may be designated by HARMONIX; 

C.        Company shall not supply the Licensed Articles to any person, firm, corporation or business
entity other than Licensee; 
 D.        Company shall look solely to Licensee for any sums due
Company for the manufacture of Licensed Articles; 
 E.        Company shall acquire no proprietary
rights of any kind or nature, including without limitation, copyright, patent, trademark or other intellectual property rights in the Licensed Articles, all such rights vesting solely and exclusively with HARMONIX; 

F.        Company shall allow representatives of Harmonix the ability to inspect the manufacturing
facilities used to manufacture the Licensed Articles with reasonable prior notice, during regular business hours; and 

G.        Company shall provide Licensee and Harmonix any documentation reasonably required to confirm
Company’s performance of its obligations hereunder. 

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  
 By signing in the
space provided below, the parties hereto have accepted and agreed to all of the terms and conditions hereof. 
  

							
		 		  	Harmonix Music Systems, Inc.	  	
				
		 	By:	  	  
	  	
				
		 	Its:	  	  
	  	

  

					
	ACCEPTED AND AGREED:	 	
		
	  
	 	
			
	By:	  	  
	 	
			
	Its:	  	  
	 	

 By signing in the space provided below, Licensee represents that it has familiarized Company with the Terms
and Conditions of the License Agreement as they apply to Company. In addition, Licensee acknowledges and agrees that the approval by HARMONIX of Company as a manufacturer in no way derogates from or relieves Licensee of any of its obligations under
the License Agreement. Licensee affirms all representations made herein above by Company. 
  

					
	ACCEPTED AND AGREED:	 	
		
	  
	 	
			
	By:	  	  
	 	
			
	Its:	  	  
	 	

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  

EXHIBIT C 

APPROVAL PROCESS FOR LICENSED HARDWARE 

A.        New Hardware Development 

Phase 1 - Initial Development - Company to create detailed CAD and schematics of concept for each Licensed Hardware. 

Development Deliverables 
  

	 	1.	Prototype Sample - A representative (SLA or equivalent) sample demonstrating form, fit and function as to how Company proposes to build the tooled materials and electronics. 

	 	2.	Updated specifications for each Licensed Hardware 

 Phase 2 - Tooling 

Development Deliverables 
  

	 	3.	Tooled Part Sample 

	 	4.	Design Durability Test Plan 

	 	5.	Line Test Plan 

	 	6.	AQL Test Plan 

	 	7.	Harmonix to provide appropriate game assets to assist Company in the development of manufacturing peripheral test software 

Phase 3 - Pre-Production 
 Development
Deliverables 
  

	 	8.	Representative Samples (functional pre-production samples) – Quantity to be determined on a Project by Project basis. 

	 	9.	Golden Samples – Unless otherwise specified, Golden Samples are fully functional and cosmetically complete off tool sample. Solely upon satisfactory testing and evaluation of the Representative Samples,
Harmonix shall provide Company with notice of approval. Upon receipt of such notice, Company shall provide two signed Golden Samples of each Licensed Product compatible with each of the Approved Consoles. 

	 	10.	Regulatory Approval Documentation  

	 	11.	First Party Concept Approval Documentation. Company agrees not to distribute without First Party production Approval Documentation. 

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  

EXHIBIT D 

CUSTOMER SUPPORT PROCEDURES 

The following customer support statement shall be included by Company with all Licensed Products: 

It is Company’s goal to provide excellent customer support to all its customers. Company shall provide software warranty services
and customer support that meet generally accepted marketing standards established by top tier publishers. To achieve this goal, Company has established customer support centers for North American and European customers with respect to Licensed
Software, Licensed Hardware and Bundles. Customer support in other regions is handled by Company’s long-standing distributors who handle customer support for all of Company’s products as well as for other brands in their portfolios. 

North America 

Company’s North American customer support center is located in Redlands, CA. Currently, Company employs 7 full time customer support
technicians that are trained to answer customer questions, resolve customer issues, and perform limited repairs for all of Company products. 

Company employs a tech support data base that logs customer registrations, stores customer complaints or positive feedback, generates Return
Merchandise Authorization numbers, allows customer support to track warranty products and allows Company to run reports to identify recurring or common product issues. 

Customers can find customer contact information in their user guides and on the Company website under the customer warranty tab. Company
employs a toll free number for calls within the United States and a toll number for calls outside the United States. Company also has a customer email address at techsupport@madcatz.com. 

All warranty products are stored at Company’s 60,000 square foot Distribution Center (“DC”) located in Redlands,
California. Company employs an automated shipping warranty system. Once the customer support technician approves the warranty action in Redlands in accord with the appropriate warranty and inputs it into the system, shipping personnel in
the DC receive notice of the action and ship the warranty product to the desired location, usually the same day. 
 EMEA 

Company operates direct sales offices in the UK, France, Germany, Spain and Sweden and also employs sales people to cover the rest of world in Germany and
Hong Kong. In addition, where necessary and appropriate, Company uses distributors. 
 Company employs an outsourced multi-lingual tech support centre
in Romania, managed in the UK, covering English, French, Italian, German and Spanish languages. Company employs a global tech support data base that logs customer registrations, stores customer complaints or positive feedback, generates Return
Merchandise Authorization numbers, allows customer support to track warranty products and allows Company to run reports to identify recurring or common product issues. 

If customers desire to contact customer support in Europe, they can find such contact information in their user guides and on the Company website under the
customer warranty tab. Current European tech support contact details can be found on www.madcatz.com. 
 Once an RMA is raised by Company tech support
staff the warranty products are shipped out of our 3PL warehouses in the UK or Germany, dependent on the territory. This usually takes place within 24 hours but no more than 2 days. 

Company shall provide Harmonix periodic reports of customer support tickets at all times Company is providing customer support for the
Licensed Products. 

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  

EXHIBIT E 

REPAIRS AND DEFECTIVE RETURNS PROCEDURES 

The following warranty statement shall be included by Company with all Licensed Products: 

North America 
 90-day LIMITED WARRANTY (North
America) 
 Company warrants this product to be free from defects in materials and workmanship for the warranty period. This non-transferable, ninety
(90) day limited warranty is only to you, the first end-user purchaser. If a defect covered by this warranty occurs AND you have registered your product with Company AND you provide proof of purchase, Company, at its option, will repair or
replace the product at no charge. 
 The Company ninety (90) day limited warranty is available to its North American customers. Your sole and exclusive
remedy is repair or replacement of your Company product. In no event shall Company liability exceed the original purchase price of the product. This warranty does not apply to: (a) normal wear and tear or abusive use; (b) industrial,
professional or commercial use; (c) if the product has been tampered with or modified. 
 Europe 

2-year LIMITED WARRANTY 
 Company warrants this product to be
free from defects in materials and workmanship for the warranty period. This non-transferable, two (2) year limited warranty is only to you, the first end-user purchaser. If a defect covered by this warranty occurs AND you have registered your
product with Company AND you provide proof of purchase, Company, at its option, will repair or replace the product at no charge. 
 The Company two
(2) year limited warranty is available to European customers. Your sole and exclusive remedy is repair or replacement of your Company product. In no event shall Company liability exceed the original purchase price of the product. This warranty
does not apply to: (a) normal wear and tear or abusive use; (b) industrial, professional or commercial use; (c) if the product has been tampered with or modified. 

For other portions of the Territory, Company shall provide an appropriate warranty statement to Harmonix for review and approval. 

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  

EXHIBIT F 

SAMPLE ROYALTY REPORT 
  

 
  
  
  

 
  
  

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  

SCHEDULE 1 

HARMONIX MARKS 
 Harmonix, in its
sole discretion, may update this Schedule 1 at any time, upon notice to Company. Company shall use a TM as directed and approved by Harmonix for the applicable region of the Territory and comply with other usage guidelines as Harmonix may
provide from time to time.
  
 

 

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 Harmonix Rock Band 4 Manufacturing, Publishing and Distribution Agreement 

 
  

SCHEDULE 2 

MAD CATZ MARKS 
  

 

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2. 

 SCHEDULE 3 

LICENSED HARDWARE 
  

	•	 	Wireless FenderTM StratocasterTM Guitar Controller for Xbox OneTM 

  

	•	 	Wireless FenderTM StratocasterTM Guitar Controller for PlayStation®4 

 

	•	 	Wireless Drum Kit for Xbox OneTM 

  

	•	 	Wireless Drum Kit for PlayStation®4 

  

	•	 	USB Microphone 

  

	•	 	Legacy Game Controller AdapterTM for Xbox OneTM 

  

	•	 	Pro-Cymbals Expansion Kit 

  
 Certain information indicated by [***]
has been deleted from this exhibit and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under rule 24b-2.EX-10.1

 Exhibit 10.1 

LIVANOVA PLC 
 2015
INCENTIVE AWARD PLAN 
 ARTICLE 1. 

PURPOSE 
 The purpose of
the LivaNova PLC 2015 Incentive Award Plan (as it may be amended or restated from time to time, the “Plan”) is to promote the success and enhance the value of LivaNova PLC, a public limited company incorporated under the laws of
England and Wales (the “Company”), by linking the individual interests of the members of the Board, Employees, and Consultants to those of Company stockholders and by providing such individuals with an incentive for outstanding
performance to generate superior returns to Company stockholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of members of the Board, Employees, and Consultants
upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. 
 ARTICLE
2. 
 DEFINITIONS AND CONSTRUCTION 

Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context clearly indicates
otherwise. The singular pronoun shall include the plural where the context so indicates. 
 2.1 “Administrator” shall mean
the entity that conducts the general administration of the Plan as provided in Article 12. With reference to the duties of the Committee under the Plan which have been delegated to one or more persons pursuant to Section 12.6, or as to which
the Board has assumed, the term “Administrator” shall refer to such person(s) unless the Committee or the Board has revoked such delegation or the Board has terminated the assumption of such duties. 

2.2 “Applicable Accounting Standards” shall mean Generally Accepted Accounting Principles in the United States, International
Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time. 

2.3 “Applicable Law” shall mean any applicable law, including without limitation: (a) provisions of the Listing Rules of
the London Stock Exchange published by the UK Listing Authority, the Code, the Securities Act, the Exchange Act and any rules or regulations thereunder; (b) corporate, securities, tax or other laws, statutes, rules, requirements or regulations,
whether federal, state, local or foreign, applicable in the United Kingdom, United States or any other jurisdiction; and (c) rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded. 

 2.4 “Automatic Exercise Date” shall mean, with respect to an Option or a Stock
Appreciation Right, the last business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g., the last business day prior to the
tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable). 

2.5 “Award” shall mean an Option, a Stock Appreciation Right, a Restricted Stock award, a Restricted Stock Unit award, an
Other Stock or Cash Based Award or a Dividend Equivalent award, which may be awarded or granted under the Plan. 
 2.6 “Award
Agreement” shall mean any written notice, agreement, terms and conditions, contract or other instrument or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an
Award as the Administrator shall determine consistent with the Plan. 
 2.7 “Award Limit” shall mean with respect to Awards
that shall be payable in Shares or in cash, as the case may be, the respective limit set forth in Section 3.2. 
 2.8
“Board” shall mean the Board of Directors of the Company. 
 2.9 “Closing” shall mean the closing of the
transactions contemplated by the Transaction Agreement among Sorin S.P.A., Sand Holdco Limited, Cypher Merger Sub, Inc. and Cyberonics, Inc., dated as of February 26, 2015. 

2.10 “Control” shall have the meaning given in section 995 (2) of the Income Tax Act 2007, unless otherwise specified;

 2.11 “Change in Control” shall mean and includes each of the following: 

(a) a Sale; or 
 (b) a Takeover.

 The Administrator shall have full and final authority, which shall be exercised in its sole discretion, to determine conclusively whether a Change in
Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters relating thereto; provided that any exercise of authority in conjunction with a determination of whether a Change
in Control is a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with such regulation. 

2.12 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, together with the regulations and
official guidance promulgated thereunder, whether issued prior or subsequent to the grant of any Award. 
 2.13 “Committee”
shall mean the Compensation Committee of the Board, or another committee or subcommittee of the Board or the Compensation Committee of the Board described in Article 12 hereof. 

  
 2 

 2.14 “Company” shall have the meaning set forth in Article 1. 

2.15 “Consultant” shall mean any consultant or adviser engaged to provide services to the Company or any Subsidiary who
qualifies as a consultant or advisor under the applicable rules of the Securities and Exchange Commission for registration of shares on a Form S-8 Registration Statement. 

2.16 “Covered Employee” shall mean any Employee who is, or could become, a “covered employee” within the meaning of
Section 162(m) of the Code. 
 2.17 “Director” shall mean a member of the Board, as constituted from time to time.

 2.18 “Director Limit” shall have the meaning set forth in Section 4.6. 

2.19 “Dividend Equivalent” shall mean a right to receive the equivalent value (in cash or Shares) of dividends paid on
Shares, awarded under Section 10.2. 
 2.20 “DRO” shall mean a “domestic relations order” as defined by the
Code or Title I of the Employee Retirement Income Security Act of 1974, as amended from time to time, or the rules thereunder. 
 2.21
“Effective Date” shall mean the date of the Closing; provided that the Plan shall be effective immediately following the Closing on the Effective Date and in any event prior to Listing. 

2.22 “Eligible Individual” shall mean any person who is an Employee, a Consultant or a Non-Employee Director, as determined
by the Administrator. 
 2.23 “Employee” shall mean any officer or other employee (as determined in accordance with
Section 3401(c) of the Code and the Treasury Regulations thereunder) of the Company or of any Subsidiary. 
 2.24 “Equity
Restructuring” shall mean a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects
the number or kind of Shares (or other securities of the Company) or the share price of the Shares (or other securities) and causes a change in the per-share value of the Shares underlying outstanding Awards. 

2.25 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

2.26 “Expiration Date” shall have the meaning given to such term in Section 13.1(c). 

2.27 “Fair Market Value” shall mean, as of any given date, the value of a Share determined as follows: 

(a) If the Shares are (i) listed on any established securities exchange (such as the New York Stock Exchange, the NASDAQ Capital Market,
the NASDAQ Global Market and 

  
 3 

 
the NASDAQ Global Select Market), (ii) listed on any national market system or (iii) listed quoted or traded on any automated quotation system, their Fair Market Value shall be the
closing sales price for a Share as quoted on such exchange or system for such date or, if there is no closing sales price for a Share on the date in question, the closing sales price for a Share on the last preceding date for which such quotation
exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (b) If the Shares are not listed
on an established securities exchange, national market system or automated quotation system, but the Shares are regularly quoted by a recognized securities dealer, their Fair Market Value shall be the mean of the high bid and low asked prices for
such date or, if there are no high bid and low asked prices for a Share on such date, the high bid and low asked prices for a Share on the last preceding date for which such information exists, as reported in The Wall Street Journal or such
other source as the Administrator deems reliable; or 
 (c) If the Shares are neither listed on an established securities exchange, national
market system or automated quotation system nor regularly quoted by a recognized securities dealer, their Fair Market Value shall be established by the Administrator in good faith. 

Notwithstanding the foregoing, with respect to any Award granted on or prior to the Public Trading Date, the Fair Market Value shall mean the
opening price of a Share on the Public Trading Date. 
 2.28 “Greater Than 10% Stockholder” shall mean an individual then
owning (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of stock of the Company or any subsidiary corporation (as defined in Section 424(f) of the Code) or parent
corporation thereof (as defined in Section 424(e) of the Code). 
 2.29 “Holder” shall mean a person who has been
granted an Award. 
 2.30 “Incentive Stock Option” shall mean an Option that is intended to qualify as an incentive stock
option and conforms to the applicable provisions of Section 422 of the Code. 
 2.31 “Listing” shall mean the time
upon which the Shares are first listed and begin trading on any national securities exchange (as defined in the Exchange Act). 
 2.32
“Non-Employee Director” shall mean a Director of the Company who is not an Employee. 
 2.33 “Non-Employee Director
Equity Compensation Policy” shall have the meaning set forth in Section 4.6. 
 2.34 “Non-Qualified Stock
Option” shall mean an Option that is not an Incentive Stock Option or which is designated as an Incentive Stock Option but does not meet the applicable requirements of Section 422 of the Code. 

2.35 “Option” shall mean a right to purchase Shares at a specified exercise price, granted under Article 6. An Option shall
be either a Non-Qualified Stock Option or an Incentive Stock Option; provided, however, that Options granted to Non-Employee Directors and Consultants shall only be Non-Qualified Stock Options. 

  
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 2.36 “Option Term” shall have the meaning set forth in Section 6.4. 

2.37 “Organizational Documents” shall mean, collectively, (a) the Company’s articles of association, certificate of
incorporation, bylaws or other similar organizational documents relating to the creation and governance of the Company, and (b) the Committee’s charter or other similar organizational documentation relating to the creation and governance
of the Committee. 
 2.38 “Other Stock or Cash Based Award” shall mean a cash bonus award, stock bonus award, performance
award or incentive award that is paid in cash, Shares or a combination of both, awarded under Section 10.1, which may include, without limitation, deferred stock, deferred stock units, stock payments and performance awards. 

2.39 Performance-Based Compensation” shall mean any compensation that is intended to qualify as “performance-based
compensation” as described in Section 162(m)(4)(C) of the Code. 
 2.40 “Performance Criteria” shall mean the
criteria (and adjustments) that the Administrator selects for an Award for purposes of establishing the Performance Goal or Performance Goals for a Performance Period, determined as follows: 

(a) The Performance Criteria that shall be used to establish Performance Goals are limited to the following: (i) net earnings or losses
(either before or after one or more of the following: (A) interest, (B) taxes, (C) depreciation, (D) amortization and (E) non-cash equity-based compensation expense); (ii) gross or net sales or revenue or sales or
revenue growth; (iii) net income (either before or after taxes); (iv) adjusted net income; (v) operating earnings or profit (either before or after taxes); (vi) cash flow (including, but not limited to, operating cash flow and
free cash flow); (vii) return on assets; (viii) return on capital (or invested capital) and cost of capital; (ix) return on stockholders’ equity; (x) total stockholder return; (xi) return on sales; (xii) gross or
net profit or operating margin; (xiii) costs, reductions in costs and cost control measures; (xiv) expenses; (xv) working capital; (xvi) earnings or loss per share; (xvii) adjusted earnings or loss per share;
(xviii) price per share or dividends per share (or appreciation in and/or maintenance of such price or dividends); (xix) regulatory achievements or compliance (including, without limitation, regulatory body approval for commercialization
of a product); (xx) implementation or completion of critical projects; (xxi) market share; (xxii) economic value; (xxiii) productivity; (xxiv) operating efficiency; (xxv) economic value-added; (xxvi) cash flow
return on capital; (xxvii) return on net assets; (xxviii); funds from operations; (xxix) funds available for distributions; (xxx) sales and sales unit volume; (xxxi) licensing revenue; (xxxii) brand recognition and
acceptance; (xxxiii) inventory turns or cycle time; (xxxiv) market penetration and geographic business expansion; (xxxv) customer satisfaction/growth; (xxxvi) customer service; (xxxvi) employee satisfaction;
(xxxvii) recruitment and maintenance of personnel; (xxxviii) human resources management; (xxxix) supervision of litigation and other legal matters; (xl) strategic partnerships and transactions; (xli) financial ratios
(including those measuring liquidity, activity, profitability or leverage); (xlii) new or existing store results and operations and new store openings; (xliii) supply chain achievements; (xliv) debt levels or

  
 5 

 
reductions; (xlv) sales-related goals; (xlvi) financing and other capital raising transactions; (xlvii) year-end cash; (xlviii) acquisition activity; (xlix) investment
sourcing activity; (l) marketing initiatives, any of which may be measured either in absolute terms or as compared to any incremental increase or decrease or as compared to results of a peer group or to market performance indicators or indices.

 (b) The Administrator, in its sole discretion, may provide that one or more objectively determinable adjustments shall be made to one or
more of the Performance Goals. Such adjustments may include, but are not limited to, one or more of the following: (i) items related to a change in Applicable Accounting Standards; (ii) items relating to financing activities;
(iii) expenses for restructuring or productivity initiatives; (iv) other non-operating items; (v) items related to acquisitions; (vi) items attributable to the business operations of any entity acquired by the Company during the
Performance Period; (vii) items related to the sale or disposition of a business or segment of a business; (viii) items related to discontinued operations that do not qualify as a segment of a business under Applicable Accounting
Standards; (ix) items attributable to any stock dividend, stock split, combination or exchange of stock occurring during the Performance Period; (x) any other items of significant income or expense which are determined to be appropriate
adjustments; (xi) items relating to unusual or extraordinary corporate transactions, events or developments, (xii) items related to amortization of acquired intangible assets; (xiii) items that are outside the scope of the
Company’s core, on-going business activities; (xiv) items related to acquired in-process research and development; (xv) items relating to changes in tax laws; (xvi) items relating to major licensing or partnership arrangements;
(xvii) items relating to asset impairment charges; (xviii) items relating to gains or losses for litigation, arbitration and contractual settlements; (xix) items attributable to expenses incurred in connection with a reduction in
force or early retirement initiative; (xx) items relating to foreign exchange or currency transactions and/or fluctuations; or (xxi) items relating to any other unusual or nonrecurring events or changes in Applicable Law, Applicable
Accounting Standards or business conditions. For all Awards intended to qualify as Performance-Based Compensation, such determinations shall be made within the time prescribed by, and otherwise in compliance with, Section 162(m) of the Code.

 2.41 “Performance Goals” shall mean, for a Performance Period, one or more goals established in writing by the
Administrator for the Performance Period based upon one or more Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance or
the performance of a Subsidiary, division, business unit, or an individual. The achievement of each Performance Goal shall be determined, to the extent applicable, with reference to Applicable Accounting Standards. 

2.42 “Performance Period” shall mean one or more periods of time, which may be of varying and overlapping durations, as the
Administrator may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Holder’s right to, vesting of, and/or the payment in respect of, an Award. 

2.43 “Permitted Transferee” shall mean, with respect to a Holder, any “family member” of the Holder, as defined in
the General Instructions to Form S-8 Registration Statement under the Securities Act (or any successor form thereto), or any other transferee specifically approved by the Administrator after taking into account Applicable Law. 

  
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 2.44 “Plan” shall have the meaning set forth in Article 1. 

2.45 “Program” shall mean any program adopted by the Administrator pursuant to the Plan containing the terms and conditions
intended to govern a specified type of Award granted under the Plan and pursuant to which such type of Award may be granted under the Plan. 

2.46 “Public Trading Date” shall mean the date of Listing. 

2.47 “Restricted Stock” shall mean Shares awarded under Article 8 that is subject to certain restrictions and may be subject
to risk of forfeiture or repurchase. 
 2.48 “Restricted Stock Units” shall mean the right to receive Shares awarded under
Article 9. 
 2.49 “Sale” shall mean the sale of all or substantially all of the assets of the Company. 

2.50 “SAR Term” shall have the meaning set forth in Section 6.4. 

2.51 “Section 409A” shall mean Section 409A of the Code and the Department of Treasury regulations and other
interpretive guidance issued thereunder, including, without limitation, any such regulations or other guidance that may be issued after the Effective Date. 

2.52 “Securities Act” shall mean the Securities Act of 1933, as amended. 

2.53 “Shares” shall mean ordinary shares in the capital of the Company. 

2.54 “Stock Appreciation Right” shall mean an Award entitling the Holder (or other person entitled to exercise pursuant to
the Plan) to exercise all or a specified portion thereof (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount (in cash or Shares, at the discretion of the Administrator) determined by multiplying the
difference obtained by subtracting the exercise price per share of such Award from the Fair Market Value on the date of exercise of such Award by the number of Shares with respect to which such Award shall have been exercised, subject to any caps or
limitations the Administrator may impose. 
 2.55 “Subsidiary” shall mean a company that is a subsidiary of the Company
within the meaning of Section 1159 of the Companies Act 2006. 
 2.56 “Substitute Award” shall mean an Award granted
under the Plan in connection with a corporate transaction, such as a merger, combination, consolidation or acquisition of property or stock, in any case, upon the assumption of, or in substitution for, outstanding equity awards previously granted by
a company or other entity; provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock Appreciation
Right. 

  
 7 

 2.57 “Takeover” shall mean if any person (or a group of persons acting in
concert) (the “Acquiring Person”): 
 (a) obtains Control of the Company as the result of making a general offer to:- 

(i) acquire all of the issued ordinary share capital of the Company, which is made on a condition that, if it is satisfied, the Acquiring
Person will have Control of the Company; or 
 (ii) acquire all of the shares in the Company which are of the same class as the Shares; or

 (b) obtains Control of the Company as a result of a compromise or arrangement sanctioned by a court under Section 899 of the
Companies Act 2006, or sanctioned under any other similar law of another jurisdiction; or 
 (c) becomes bound or entitled under Sections 979
to 985 of the Companies Act 2006 (or similar law of another jurisdiction) to acquire shares of the same class as the Shares; or 
 (d)
obtains Control of the Company in any other way. 
 2.58 “Termination of Service” shall mean: 

(a) As to a Consultant, the time when the engagement of a Holder as a Consultant to the Company or a Subsidiary is terminated for any reason,
with or without cause, including, without limitation, by resignation, discharge, death or retirement, but excluding terminations where the Consultant simultaneously commences or remains in employment or service with the Company or any Subsidiary.

 (b) As to a Non-Employee Director, the time when a Holder who is a Non-Employee Director ceases to be a Director for any reason,
including, without limitation, a termination by resignation, failure to be elected, death or retirement, but excluding terminations where the Holder simultaneously commences or remains in employment or service with the Company or any Subsidiary.

 (c) As to an Employee, the time when the employee-employer relationship between a Holder and the Company or any Subsidiary is terminated
for any reason, including, without limitation, a termination by resignation, discharge, death, disability or retirement; but excluding terminations where the Holder simultaneously commences or remains in employment or service with the Company or any
Subsidiary. 
 The Administrator, in its sole discretion, shall determine the effect of all matters and questions relating to any
Termination of Service, including, without limitation, whether a Termination of Service has occurred, whether a Termination of Service resulted from a discharge for cause and all questions of whether particular leaves of absence constitute a
Termination of Service; provided, however, that, with respect to Incentive Stock Options, unless the Administrator otherwise provides in the terms of any Program, Award Agreement or otherwise,

  
 8 

 
or as otherwise required by Applicable Law, a leave of absence, change in status from an employee to an independent contractor or other change in the employee-employer relationship shall
constitute a Termination of Service only if, and to the extent that, such leave of absence, change in status or other change interrupts employment for the purposes of Section 422(a)(2) of the Code and the then-applicable regulations and revenue
rulings under said Section. For purposes of the Plan, a Holder’s employee-employer relationship or consultancy relations shall be deemed to be terminated in the event that the Subsidiary employing or contracting with such Holder ceases to
remain an Subsidiary following any merger, sale of stock or other corporate transaction or event (including, without limitation, a spin-off). 

ARTICLE 3. 
 SHARES
SUBJECT TO THE PLAN 
 3.1 Number of Shares. 

(a) Subject to Sections 3.1(b) and 13.2, the aggregate number of Shares which may be issued or transferred pursuant to Awards (including,
without limitation, Incentive Stock Options) under the Plan is 8,800,000. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares, treasury Shares or Shares purchased on the open market. 

(b) If any Shares subject to an Award are forfeited or expire, are converted to shares of another Person in connection with a Takeover, Sale,
recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares or other similar event, or such Award is settled for cash (in whole or in part) (including Shares repurchased by the Company under
Section 8.4 at the same price paid by the Holder), the Shares subject to such Award shall, to the extent of such forfeiture, expiration or cash settlement, again be available for future grants of Awards under the Plan. Notwithstanding anything
to the contrary contained herein, the following Shares shall not be added to the Shares authorized for grant under Section 3.1(a) and shall not be available for future grants of Awards: (i) Shares tendered by a Holder or withheld by the
Company in payment of the exercise price of an Option; (ii) Shares tendered by the Holder or withheld by the Company to satisfy any tax withholding obligation with respect to an Option or Stock Appreciation Right; (iii) Shares subject to a
Stock Appreciation Right that are not issued in connection with the stock settlement of the Stock Appreciation Right on exercise thereof; and (iv) Shares purchased on the open market with the cash proceeds from the exercise of Options. Any
Shares repurchased by the Company under Section 8.4 at the same price paid by the Holder so that such Shares are returned to the Company shall again be available for Awards. The payment of Dividend Equivalents in cash in conjunction with any
outstanding Awards shall not be counted against the Shares available for issuance under the Plan. Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an Incentive
Stock Option to fail to qualify as an incentive stock option under Section 422 of the Code. 
 (c) Substitute Awards shall not reduce
the Shares authorized for grant under the Plan, except as may be required by reason of Section 422 of the Code. Additionally, in the event that a company acquired by the Company or any Subsidiary or with which the Company or

  
 9 

 
any Subsidiary combines has shares available under a pre-existing plan approved by its stockholders and not adopted in contemplation of such acquisition or combination, the shares available for
grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable
to the holders of shares of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant under the Plan; provided that Awards using such available Shares
shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not employed by or providing services to the
Company or its Subsidiaries immediately prior to such acquisition or combination. 
 3.2 Limitation on Number of Shares Subject to
Awards. Notwithstanding any provision in the Plan to the contrary, and subject to Section 13.2, the maximum aggregate number of Shares with respect to one or more Awards that may be granted to any one person during any calendar year shall
be 1,000,000 and the maximum aggregate amount of cash that may be paid in cash to any one person during any calendar year with respect to one or more Awards payable in cash shall be $10,000,000. To the extent required by Section 162(m) of the
Code, Shares subject to Awards that are cancelled shall continue to be counted against the Award Limit. 
 ARTICLE 4. 

GRANTING OF AWARDS 
 4.1
Participation. The Administrator may, from time to time, select from among all Eligible Individuals, those to whom an Award shall be granted and shall determine the nature and amount of each Award, which shall not be inconsistent with the
requirements of the Plan. Except for any Non-Employee Director’s right to Awards that may be required pursuant to the Non-Employee Director Equity Compensation Policy as described in Section 4.6, no Eligible Individual or other Person
shall have any right to be granted an Award pursuant to the Plan and neither the Company nor the Administrator is obligated to treat Eligible Individuals, Holders or any other persons uniformly. Participation by each Holder in the Plan shall be
voluntary and nothing in the Plan or any Program shall be construed as mandating that any Eligible Individual or other Person shall participate in the Plan. 

4.2 Award Agreement. Each Award shall be evidenced by an Award Agreement that sets forth the terms, conditions and limitations for such
Award as determined by the Administrator in its sole discretion (consistent with the requirements of the Plan and any applicable Program). Award Agreements evidencing Awards intended to qualify as Performance-Based Compensation shall contain such
terms and conditions as may be necessary to meet the applicable provisions of Section 162(m) of the Code. Award Agreements evidencing Incentive Stock Options shall contain such terms and conditions as may be necessary to meet the applicable
provisions of Section 422 of the Code. 
 4.3 Limitations Applicable to Section 16 Persons. Notwithstanding any other
provision of the Plan, the Plan, and any Award granted or awarded to any individual who is then 

  
 10 

 
subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including Rule
16b-3 of the Exchange Act and any amendments thereto) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable Law, the Plan and Awards granted or awarded
hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 
 4.4 At-Will Service.
Nothing in the Plan or in any Program or Award Agreement hereunder shall confer upon any Holder any right to continue in the employ of, or as a Director or Consultant for, the Company or any Subsidiary, or shall interfere with or restrict in any way
the rights of the Company and any Subsidiary, which rights are hereby expressly reserved, to discharge any Holder at any time for any reason whatsoever, with or without cause, and with or without notice, or to terminate or change all other terms and
conditions of employment or engagement, except to the extent expressly provided otherwise in a written agreement between the Holder and the Company or any Subsidiary. 

4.5 Foreign Holders. Notwithstanding any provision of the Plan or applicable Program to the contrary, in order to comply with the laws
in countries other than the United States in which the Company and its Subsidiaries operate or have Employees, Non-Employee Directors or Consultants, or in order to comply with the requirements of any foreign securities exchange or other Applicable
Law, the Administrator, in its sole discretion, shall have the power and authority to: (a) determine which Subsidiaries shall be covered by the Plan; (b) determine which Eligible Individuals outside the United States are eligible to
participate in the Plan; (c) modify the terms and conditions of any Award granted to Eligible Individuals to comply with Applicable Law (including, without limitation, applicable foreign laws or listing requirements of any foreign securities
exchange); (d) establish sub-plans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable; provided, however, that no such sub-plans and/or modifications shall
increase the share limitation contained in Section 3.1, the Award Limit or the Director Limit; and (e) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local
governmental regulatory exemptions or approvals or listing requirements of any foreign securities exchange. 
 4.6 Non-Employee Director
Awards. The Administrator, in its sole discretion, may provide that Awards granted to Non-Employee Directors shall be granted pursuant to a written nondiscretionary formula established by the Administrator (the “Non-Employee Director
Equity Compensation Policy”), subject to the limitations of the Plan. The Non-Employee Director Equity Compensation Policy shall set forth the type of Award(s) to be granted to Non-Employee Directors, the number of Shares to be subject to
Non-Employee Director Awards, the conditions on which such Awards shall be granted, become exercisable and/or payable and expire, and such other terms and conditions as the Administrator shall determine in its sole discretion. The Non-Employee
Director Equity Compensation Policy may be modified by the Administrator from time to time in its sole discretion. Notwithstanding any provision to the contrary in the Plan or in the Non-Employee Director Equity Compensation Policy, the sum of the
grant date fair value of equity-based Awards and the amount of any cash-based Awards granted to a Non-Employee Director during any calendar year shall not exceed $500,000 (the “Director Limit”). 

  
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 ARTICLE 5. 

PROVISIONS APPLICABLE TO AWARDS INTENDED TO QUALIFY AS PERFORMANCE-BASED COMPENSATION 

5.1 Purpose. The Administrator, in its sole discretion, may determine whether such Award is intended to qualify as Performance-Based
Compensation. If the Administrator, in its sole discretion, decides to grant an Award that is intended to qualify as Performance-Based Compensation (other than an Option or Stock Appreciation Right), then the provisions of this Article 5 shall
control over any contrary provision contained in the Plan or any applicable Program. The Administrator, in its sole discretion, may grant Awards to other Eligible Individuals that are based on Performance Criteria or Performance Goals or any such
other criteria and goals as the Administrator shall establish, but that do not satisfy the requirements of this Article 5 and that are not intended to qualify as Performance-Based Compensation. Unless otherwise specified by the Administrator at the
time of grant, the Performance Criteria with respect to an Award intended to be Performance-Based Compensation payable to a Covered Employee shall be determined on the basis of Applicable Accounting Standards. 

5.2 Procedures with Respect to Performance-Based Awards. To the extent necessary to comply with the requirements of
Section 162(m)(4)(C) of the Code, with respect to any Award which is intended to qualify as Performance-Based Compensation, no later than 90 days following the commencement of any Performance Period or any designated fiscal period or period of
service (or such earlier time as may be required under Section 162(m) of the Code), the Administrator shall, in writing, (a) designate one or more Eligible Individuals, (b) select the Performance Criteria applicable to the Performance
Period, (c) establish the Performance Goals, and amounts of such Awards, as applicable, which may be earned for such Performance Period based on the Performance Criteria, and (d) specify the relationship between Performance Criteria and
the Performance Goals and the amounts of such Awards, as applicable, to be earned by each Covered Employee for such Performance Period. Following the completion of each Performance Period, the Administrator shall certify in writing whether and the
extent to which the applicable Performance Goals have been achieved for such Performance Period. In determining the amount earned under such Awards, unless otherwise provided in an Award Agreement, the Administrator shall have the right to reduce or
eliminate (but not to increase) the amount payable at a given level of performance to take into account additional factors that the Administrator may deem relevant, including the assessment of individual or corporate performance for the Performance
Period. 
 5.3 Payment of Performance-Based Awards. Unless otherwise provided in the applicable Program or Award Agreement and only
to the extent otherwise permitted by Section 162(m) of the Code, as to an Award that is intended to qualify as Performance-Based Compensation, the Holder must be employed by the Company or a Subsidiary throughout the Performance Period. Unless
otherwise provided in the applicable Program or Award Agreement, a Holder shall be eligible to receive payment pursuant to such Awards for a Performance Period only if and to the extent the Performance Goals for such Performance Period are achieved.

 5.4 Additional Limitations. Notwithstanding any other provision of the Plan and except as otherwise determined by the
Administrator, any Award which is granted to an Eligible 

  
 12 

 
Individual and is intended to qualify as Performance-Based Compensation shall be subject to any additional limitations set forth in Section 162(m) of the Code or any regulations or rulings
issued thereunder that are requirements for qualification as Performance-Based Compensation, and the Plan and the applicable Program and Award Agreement shall be deemed amended to the extent necessary to conform to such requirements. 

ARTICLE 6. 
 GRANTING OF
OPTIONS AND STOCK APPRECIATION RIGHTS 
 6.1 Granting of Options and Stock Appreciation Rights to Eligible Individuals. The
Administrator is authorized to grant Options and Stock Appreciation Rights to Eligible Individuals from time to time, in its sole discretion, on such terms and conditions as it may determine, which shall not be inconsistent with the Plan. 

6.2 Qualification of Incentive Stock Options. The Administrator may grant Options intended to qualify as Incentive Stock Options only
to employees of the Company, any of the Company’s present or future “parent corporations” or “subsidiary corporations” as defined in Sections 424(e) or (f) of the Code, respectively, and any other entities the employees
of which are eligible to receive Incentive Stock Options under the Code. No person who qualifies as a Greater Than 10% Stockholder may be granted an Incentive Stock Option unless such Incentive Stock Option conforms to the applicable provisions of
Section 422 of the Code. To the extent that the aggregate fair market value of stock with respect to which “incentive stock options” (within the meaning of Section 422 of the Code, but without regard to Section 422(d) of the
Code) are exercisable for the first time by a Holder during any calendar year under the Plan, and all other plans of the Company and any parent corporation or subsidiary corporation thereof (as defined in Section 424(e) and 424(f) of the Code,
respectively), exceeds $100,000, the Options shall be treated as Non-Qualified Stock Options to the extent required by Section 422 of the Code. The rule set forth in the immediately preceding sentence shall be applied by taking Options and
other “incentive stock options” into account in the order in which they were granted and the fair market value of stock shall be determined as of the time the respective options were granted. Any interpretations and rules under the Plan
with respect to Incentive Stock Options shall be consistent with the provisions of Section 422 of the Code. Neither the Company nor the Administrator shall have any liability to a Holder, or any other Person, (a) if an Option (or any part
thereof) which is intended to qualify as an Incentive Stock Option fails to qualify as an Incentive Stock Option or (b) for any action or omission by the Company or the Administrator that causes an Option not to qualify as an Incentive Stock
Option, including without limitation, the conversion of an Incentive Stock Option to a Non-Qualified Stock Option or the grant of an Option intended as an Incentive Stock Option that fails to satisfy the requirements under the Code applicable to an
Incentive Stock Option. 
 6.3 Option and Stock Appreciation Right Exercise Price. The exercise price per Share subject to each
Option and Stock Appreciation Right shall be set by the Administrator, but shall not be less than 100% of the Fair Market Value of a Share on the date the Option or Stock Appreciation Right, as applicable, is granted (or, as to Incentive Stock
Options, on the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code). In addition, in the case of Incentive Stock Options granted to a Greater Than 10% Stockholder,

  
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such price shall not be less than 110% of the Fair Market Value of a Share on the date the Option is granted (or the date the Option is modified, extended or renewed for purposes of
Section 424(h) of the Code). Notwithstanding the foregoing, in the case of an Option or Stock Appreciation Right that is a Substitute Award, the exercise price per share of the Shares subject to such Option or Stock Appreciation Right, as
applicable, may be less than the Fair Market Value per share on the date of grant; provided that the exercise price of any Substitute Award shall be determined in accordance with the applicable requirements of Section 424 and 409A of the
Code. 
 6.4 Option and SAR Term. The term of each Option (the “Option Term”) and the term of each Stock
Appreciation Right (the “SAR Term”) shall be set by the Administrator in its sole discretion; provided, however, that the Option Term or SAR Term, as applicable, shall not be more than (a) ten (10) years from
the date the Option or Stock Appreciation Right, as applicable, is granted to an Eligible Individual (other than a Greater Than 10% Stockholder), or (b) five (5) years from the date an Incentive Stock Option is granted to a Greater Than
10% Stockholder. Except as limited by the requirements of Section 409A or Section 422 of the Code and regulations and rulings thereunder or the first sentence of this Section 6.4 and without limiting the Company’s rights under
Section 11.7, the Administrator may extend the Option Term of any outstanding Option or the SAR Term of any outstanding Stock Appreciation Right, and may extend the time period during which vested Options or Stock Appreciation Rights may be
exercised, in connection with any Termination of Service of the Holder or otherwise, and may amend, subject to Section 11.7 and 13.1, any other term or condition of such Option or Stock Appreciation Right relating to such Termination of Service
of the Holder or otherwise. 
 6.5 Option and SAR Vesting. The period during which the right to exercise, in whole or in part, an
Option or Stock Appreciation Right vests in the Holder shall be set by the Administrator and set forth in the applicable Award Agreement. Unless otherwise determined by the Administrator in the Award Agreement, the applicable Program or by action of
the Administrator following the grant of the Option or Stock Appreciation Right, (a) no portion of an Option or Stock Appreciation Right which is unexercisable at a Holder’s Termination of Service shall thereafter become exercisable and
(b) the portion of an Option or Stock Appreciation Right that is unexercisable at a Holder’s Termination of Service shall automatically expire on the date of such Termination of Service. 

6.6 Substitution of Stock Appreciation Rights; Early Exercise of Options. The Administrator may provide in the applicable Program or
Award Agreement evidencing the grant of an Option that the Administrator, in its sole discretion, shall have the right to substitute a Stock Appreciation Right for such Option at any time prior to or upon exercise of such Option; provided
that such Stock Appreciation Right shall be exercisable with respect to the same number of Shares for which such substituted Option would have been exercisable, and shall also have the same exercise price, vesting schedule and remaining term as the
substituted Option. The Administrator may provide in the terms of an Award Agreement that the Holder may exercise an Option in whole or in part prior to the full vesting of the Option in exchange for unvested shares of Restricted Stock with respect
to any unvested portion of the Option so exercised. Shares of Restricted Stock acquired upon the exercise of any unvested portion of an Option shall be subject to such terms and conditions as the Administrator shall determine. 

  
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 ARTICLE 7. 

EXERCISE OF OPTIONS AND STOCK APPRECIATION RIGHTS 

7.1 Exercise and Payment. An exercisable Option or Stock Appreciation Right may be exercised in whole or in part. However, an Option or
Stock Appreciation Right shall not be exercisable with respect to fractional Shares and the Administrator may require that, by the terms of the Option or Stock Appreciation Right, a partial exercise must be with respect to a minimum number of
Shares. Payment of the amounts payable with respect to Stock Appreciation Rights pursuant to this Article 7 shall be in cash, Shares (based on its Fair Market Value as of the date the Stock Appreciation Right is exercised), or a combination of both,
as determined by the Administrator. 
 7.2 Manner of Exercise. Except as set forth in Section 7.3, all or a portion of an
exercisable Option or Stock Appreciation Right shall be deemed exercised upon delivery of all of the following to the Secretary of the Company, the stock plan administrator of the Company or such other person or entity designated by the
Administrator, or his, her or its office, as applicable: 
 (a) A written or electronic notice complying with the applicable rules
established by the Administrator stating that the Option or Stock Appreciation Right, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Option or Stock Appreciation Right or
such portion thereof; 
 (b) Such representations and documents as the Administrator, in its sole discretion, deems necessary or advisable to
effect compliance with Applicable Law. 
 (c) In the event that the Option or Stock Appreciation Right shall be exercised pursuant to
Section 11.3 by any person or persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Option or Stock Appreciation Right, as determined in the sole discretion of the Administrator; and 

(d) Full payment of the applicable withholding taxes for the Shares with respect to which the Option or Stock Appreciation Right, or portion
thereof, is exercised, and, in the case of an Option, full payment of the exercise price, in a manner permitted by the Administrator in accordance with Sections 11.1 and 11.2. 

7.3 Expiration of Option Term or SAR Term: Automatic Exercise of In-The-Money Options and Stock Appreciation Rights. Unless otherwise
provided by the Administrator in an Award Agreement or otherwise or as otherwise directed by an Option or Stock Appreciation Rights Holder in writing to the Company, each vested and exercisable Option and Stock Appreciation Right outstanding on the
Automatic Exercise Date with an exercise price per Share that is less than the Fair Market Value per Share as of such date shall automatically and without further action by the Option or Stock Appreciation Rights Holder or the Company be exercised
on the Automatic Exercise Date. In the sole discretion of the Administrator, payment of the exercise price of any such Option shall be made pursuant to Section 11.1(b) or 11.1(c) and the Company or any Subsidiary shall be entitled to deduct or
withhold an amount sufficient to satisfy 

  
 15 

 
all taxes associated with such exercise in accordance with Section 11.2. Unless otherwise determined by the Administrator, this Section 7.3 shall not apply to an Option or Stock
Appreciation Right if the Holder of such Option or Stock Appreciation Right incurs a Termination of Service on or before the Automatic Exercise Date. For the avoidance of doubt, no Option or Stock Appreciation Right with an exercise price per Share
that is equal to or greater than the Fair Market Value per Share on the Automatic Exercise Date shall be exercised pursuant to this Section 7.3. 

7.4 Notification Regarding Disposition. The Holder shall give the Company prompt written or electronic notice of any disposition of
Shares acquired by exercise of an Incentive Stock Option which occurs within (a) two years from the date of granting (including the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code) such Option to
such Holder, or (b) one year after the date of transfer of such Shares to such Holder. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or
other consideration, by the Holder in such disposition or other transfer. 
 ARTICLE 8. 

AWARD OF RESTRICTED STOCK 

8.1 Award of Restricted Stock. The Administrator is authorized to grant Restricted Stock to Eligible Individuals, and shall determine
the terms and conditions, including the restrictions applicable to each award of Restricted Stock, which terms and conditions shall not be inconsistent with the Plan or any applicable Program, and may impose such conditions on the issuance of such
Restricted Stock as it deems appropriate. The Administrator shall establish the purchase price, if any, and form of payment for Restricted Stock; provided, however, that if a purchase price is charged, such purchase price shall be no
less than the par value, if any, of the Shares to be purchased, unless otherwise permitted by Applicable Law. In all cases, legal consideration shall be required for each issuance of Restricted Stock to the extent required by Applicable Law. 

8.2 Rights as Stockholders. Subject to Section 8.4, upon issuance of Restricted Stock, the Holder shall have, unless otherwise
provided by the Administrator, all the rights of a stockholder with respect to said Shares, subject to the restrictions in the Plan, any applicable Program and/or the applicable Award Agreement, including the right to receive all dividends and other
distributions paid or made with respect to the Shares to the extent such dividends and other distributions have a record date that is on or after the date on which the Holder to whom such Restricted Stock are granted becomes the record holder of
such Restricted Stock; provided, however, that, in the sole discretion of the Administrator, any extraordinary distributions with respect to the Shares may be subject to the restrictions set forth in Section 8.3. In addition, with
respect to a share of Restricted Stock with performance-based vesting, dividends which are paid prior to vesting shall only be paid out to the Holder to the extent that the performance-based vesting conditions are subsequently satisfied and the
share of Restricted Stock vests. 
 8.3 Restrictions. All shares of Restricted Stock (including any shares received by Holders
thereof with respect to shares of Restricted Stock as a result of stock dividends, stock 

  
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splits or any other form of recapitalization) shall be subject to such restrictions and vesting requirements as the Administrator shall provide in the applicable Program or Award Agreement. By
action taken after the Restricted Stock is issued, the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate the vesting of such Restricted Stock by removing any or all of the restrictions imposed by the
terms of the applicable Program or Award Agreement. 
 8.4 Repurchase or Forfeiture of Restricted Stock. Except as otherwise
determined by the Administrator, if no price was paid by the Holder for the Restricted Stock, upon a Termination of Service during the applicable restriction period, the Holder’s rights in unvested Restricted Stock then subject to restrictions
shall lapse, and such Restricted Stock shall be surrendered to the Company or a person nominated by the Company without consideration on the date of such Termination of Service. If a price was paid by the Holder for the Restricted Stock, upon a
Termination of Service during the applicable restriction period, the Company or a person nominated by the Company shall have the right to repurchase from the Holder the unvested Restricted Stock then subject to restrictions at a cash price per share
equal to the price paid by the Holder for such Restricted Stock or such other amount as may be specified in the applicable Program or Award Agreement. Notwithstanding the foregoing, the Administrator, in its sole discretion, may provide that upon
certain events, including, without limitation, a Change in Control, the Holder’s death, retirement or disability or any other specified Termination of Service or any other event, the Holder’s rights in unvested Restricted Stock then
subject to restrictions shall not lapse, such Restricted Stock shall vest and cease to be forfeitable and, if applicable, the Company shall cease to have a right of repurchase. 

8.5 Section 83(b) Election. If a Holder makes an election under Section 83(b) of the Code to be taxed with respect to the
Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which the Holder would otherwise be taxable under Section 83(a) of the Code, the Holder shall be required to deliver a copy of such
election to the Company promptly after filing such election with the Internal Revenue Service along with proof of the timely filing thereof with the Internal Revenue Service. 

ARTICLE 9. 
 AWARD OF
RESTRICTED STOCK UNITS 
 9.1 Grant of Restricted Stock Units. The Administrator is authorized to grant Awards of Restricted
Stock Units to any Eligible Individual selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. 

9.2 Term. Except as otherwise provided herein, the term of a Restricted Stock Unit award shall be set by the Administrator in its sole
discretion. 
 9.3 Purchase Price. The Administrator shall specify the purchase price, if any, to be paid by the Holder to the
Company with respect to any Restricted Stock Unit award; provided, however, that value of the consideration shall not be less than the par value of a Share, unless otherwise permitted by Applicable Law. 

  
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 9.4 Vesting of Restricted Stock Units. At the time of grant, the Administrator shall
specify the date or dates on which the Restricted Stock Units shall become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate, including, without limitation, vesting based upon the Holder’s
duration of service to the Company or any Subsidiary, one or more Performance Criteria, Company performance, individual performance or other specific criteria, in each case on a specified date or dates or over any period or periods, as determined by
the Administrator. 
 9.5 Maturity and Payment. At the time of grant, the Administrator shall specify the maturity date applicable to
each grant of Restricted Stock Units, which shall be no earlier than the vesting date or dates of the Award and may be determined at the election of the Holder (if permitted by the applicable Award Agreement); provided that, except as
otherwise determined by the Administrator, and subject to compliance with Section 409A, in no event shall the maturity date relating to each Restricted Stock Unit occur following the later of (a) the 15th day of the third month following the end of calendar year in which the applicable portion of the Restricted Stock Unit vests; or (b) the
15th day of the third month following the end of the Company’s fiscal year in which the applicable portion of the Restricted Stock Unit vests. On the maturity date, the Company shall, in
accordance with the applicable Award Agreement and subject to Section 11.4(f), transfer to the Holder one unrestricted, fully transferable Share for each Restricted Stock Unit scheduled to be paid out on such date and not previously forfeited,
or in the sole discretion of the Administrator, an amount in cash equal to the Fair Market Value of such Shares on the maturity date or a combination of cash and Shares as determined by the Administrator. 

9.6 Payment upon Termination of Service. An Award of Restricted Stock Units shall only be payable while the Holder is an Employee, a
Consultant or a member of the Board, as applicable; provided, however, that the Administrator, in its sole discretion, may provide (in an Award Agreement or otherwise) that a Restricted Stock Unit award may be paid subsequent to a
Termination of Service in certain events, including a Change in Control, the Holder’s death, retirement or disability or any other specified Termination of Service. 

ARTICLE 10. 
 AWARD OF
OTHER STOCK OR CASH BASED AWARDS AND DIVIDEND EQUIVALENTS 
 10.1 Other Stock or Cash Based Awards. The Administrator is
authorized to (a) grant Other Stock or Cash Based Awards, including awards entitling a Holder to receive Shares or cash to be delivered immediately or in the future, to any Eligible Individual and (b) determine whether such Other Stock or
Cash Based Awards shall be Performance-Based Compensation. Subject to the provisions of the Plan and any applicable Program, the Administrator shall determine the terms and conditions of each Other Stock or Cash Based Award, including the term of
the Award, any exercise or purchase price, performance goals, including the Performance Criteria, transfer restrictions, vesting conditions and other terms and conditions applicable thereto, which shall be set forth in the applicable Award
Agreement. Other Stock or Cash Based Awards may be paid in cash, Shares, or a combination of cash and Shares, as determined by the Administrator, and may be available as a form of payment in the settlement of other Awards granted under the Plan, as
stand-alone payments, as a part of a bonus, deferred bonus, deferred compensation or other arrangement, and/or as payment in lieu of compensation to which an Eligible Individual is otherwise entitled. 

  
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 10.2 Dividend Equivalents. Dividend Equivalents may be granted by the Administrator,
either alone or in tandem with another Award, based on dividends declared on the Shares, to be credited as of dividend payment dates during the period between the date the Dividend Equivalents are granted to a Holder and the date such Dividend
Equivalents terminate or expire, as determined by the Administrator. Such Dividend Equivalents shall be converted to cash or additional Shares by such formula and at such time and subject to such restrictions and limitations as may be determined by
the Administrator. In addition, Dividend Equivalents with respect to an Award with performance-based vesting that are based on dividends paid prior to the vesting of such Award shall only be paid out to the Holder to the extent that the
performance-based vesting conditions are subsequently satisfied and the Award vests. Notwithstanding the foregoing, no Dividend Equivalents shall be payable with respect to Options or Stock Appreciation Rights. 

ARTICLE 11. 
 ADDITIONAL
TERMS OF AWARDS 
 11.1 Payment. The Administrator shall determine the method or methods by which payments by any Holder with
respect to any Awards granted under the Plan shall be made, including, without limitation: (a) cash or check, (b) Shares (including, in the case of payment of the exercise price of an Award, Shares issuable pursuant to the exercise of the
Award) or Shares held for such minimum period of time as may be established by the Administrator, in each case, having a Fair Market Value on the date of delivery equal to the aggregate payments required, (c) delivery of a written or electronic
notice that the Holder has placed a market sell order with a broker acceptable to the Company with respect to Shares then issuable upon exercise or vesting of an Award, and that the broker has been directed to pay a sufficient portion of the net
proceeds of the sale to the Company in satisfaction of the aggregate payments required; provided that payment of such proceeds is then made to the Company upon settlement of such sale, (d) other form of legal consideration acceptable to
the Administrator in its sole discretion, or (e) any combination of the above permitted forms of payment. Notwithstanding any other provision of the Plan to the contrary, no Holder who is a Director or an “executive officer” of the
Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to make payment with respect to any Awards granted under the Plan, or continue any extension of credit with respect to such payment, with a loan from the Company
or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act. 
 11.2 Tax Withholding. The Company or any
Subsidiary shall have the authority and the right to deduct or withhold, or require a Holder to remit to the Company, an amount sufficient to satisfy any federal, state, local and foreign taxes (including the Holder’s FICA, employment tax or
other social security contribution obligation) required by law to be withheld or otherwise arising with respect to any taxable event concerning a Holder arising as a result of the Plan or any Award. The Administrator may, in its sole discretion and
in satisfaction of the foregoing requirement, allow a Holder to satisfy such obligations by any payment means 

  
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described in Section 11.1 hereof, including without limitation, by allowing such Holder to have the Company or any Subsidiary withhold Shares otherwise issuable under an Award (or allow the
surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a fair market value on the date of withholding or repurchase no greater than the aggregate amount of such
liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income (or such other number as would not result in adverse
financial accounting consequences for the Company or any of its Subsidiaries). The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in
connection with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation. 

11.3 Transferability of Awards. 

(a) Except as otherwise provided in Sections 11.3(b) and 11.3(c): 

(i) No Award under the Plan may be sold, pledged, assigned or transferred in any manner other than (A) by will or the laws of descent and
distribution or (B) subject to the consent of the Administrator, pursuant to a DRO, unless and until such Award has been exercised or the Shares underlying such Award have been issued, and all restrictions applicable to such Shares have lapsed;

 (ii) No Award or interest or right therein shall be liable for or otherwise subject to the debts, contracts or engagements of the Holder
or the Holder’s successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by
operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy) unless and until such Award has been exercised, or the Shares underlying such Award have been issued, and all restrictions
applicable to such Shares have lapsed, and any attempted disposition of an Award prior to satisfaction of these conditions shall be null and void and of no effect, except to the extent that such disposition is permitted by Section 11.3(a)(i);
and 
 (iii) During the lifetime of the Holder, only the Holder may exercise any exercisable portion of an Award granted to such Holder
under the Plan, unless it has been disposed of pursuant to a DRO. After the death of the Holder, any exercisable portion of an Award may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Program or Award
Agreement, be exercised by the Holder’s personal representative or by any person empowered to do so under the deceased Holder’s will or under the then-applicable laws of descent and distribution. 

(b) Notwithstanding Section 11.3(a), the Administrator, in its sole discretion, may determine to permit a Holder or a Permitted Transferee
of such Holder to transfer an Award other than an Incentive Stock Option (unless such Incentive Stock Option is intended to become a Nonqualified Stock Option) to any one or more Permitted Transferees of such Holder, subject

  
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to the following terms and conditions: (i) an Award transferred to a Permitted Transferee shall not be assignable or transferable by the Permitted Transferee other than (A) to another
Permitted Transferee of the applicable Holder or (B) by will or the laws of descent and distribution or, subject to the consent of the Administrator, pursuant to a DRO; (ii) an Award transferred to a Permitted Transferee shall continue to
be subject to all the terms and conditions of the Award as applicable to the original Holder (other than the ability to further transfer the Award to any Person other than another Permitted Transferee of the applicable Holder); and (iii) the
Holder (or transferring Permitted Transferee) and the receiving Permitted Transferee shall execute any and all documents requested by the Administrator, including, without limitation documents to (A) confirm the status of the transferee as a
Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under Applicable Law and (C) evidence the transfer. In addition, and further notwithstanding Section 11.3(a), hereof, the Administrator, in its sole
discretion, may determine to permit a Holder to transfer Incentive Stock Options to a trust that constitutes a Permitted Transferee if, under Section 671 of the Code and other Applicable Law, the Holder is considered the sole beneficial owner
of the Incentive Stock Option while it is held in the trust. 
 (c) Notwithstanding Section 11.3(a), a Holder may, in the manner
determined by the Administrator, designate a beneficiary to exercise the rights of the Holder and to receive any distribution with respect to any Award upon the Holder’s death. A beneficiary, legal guardian, legal representative, or other
person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Program or Award Agreement applicable to the Holder and any additional restrictions deemed necessary or appropriate by the Administrator. If
the Holder is married or a domestic partner in a domestic partnership qualified under Applicable Law and resides in a community property state, a designation of a person other than the Holder’s spouse or domestic partner, as applicable, as the
Holder’s beneficiary with respect to more than 50% of the Holder’s interest in the Award shall not be effective without the prior written or electronic consent of the Holder’s spouse or domestic partner. If no beneficiary has been
designated or survives the Holder, payment shall be made to the person entitled thereto pursuant to the Holder’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a
Holder at any time; provided that the change or revocation is delivered in writing to the Administrator prior to the Holder’s death. 

11.4 Conditions to Issuance of Shares. 

(a) The Administrator shall determine the methods by which Shares shall be delivered or deemed to be delivered to Holders. Notwithstanding
anything herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any book entries evidencing Shares pursuant to the exercise of any Award, unless and until the Administrator has determined, with advice
of counsel, that the issuance of such Shares is in compliance with Applicable Law and the Shares are covered by an effective registration statement or applicable exemption from registration. In addition to the terms and conditions provided herein,
the Administrator may require that a Holder make such reasonable covenants, agreements and representations as the Administrator, in its sole discretion, deems advisable in order to comply with Applicable Law. 

(b) All share certificates delivered pursuant to the Plan and all Shares issued pursuant to book entry procedures are subject to any
stop-transfer orders and other restrictions as 

  
 21 

 
the Administrator deems necessary or advisable to comply with Applicable Law. The Administrator may place legends on any share certificate or book entry to reference restrictions applicable to
the Shares (including, without limitation, restrictions applicable to Restricted Stock). 
 (c) The Administrator shall have the right to
require any Holder to comply with any timing or other restrictions with respect to the settlement, distribution or exercise of any Award, including a window-period limitation, as may be imposed in the sole discretion of the Administrator. 

(d) No fractional Shares shall be issued and the Administrator, in its sole discretion, shall determine whether cash shall be given in lieu of
fractional Shares or whether such fractional Shares shall be eliminated by rounding down. 
 (e) The Company, in its sole discretion, may
(i) retain physical possession of any stock certificate evidencing Shares until any restrictions thereon shall have lapsed and/or (ii) require that the stock certificates evidencing such Shares be held in custody by a designated escrow
agent (which may but need not be the Company) until the restrictions thereon shall have lapsed, and that the Holder deliver a stock power, endorsed in blank, relating to such Shares. 

(f) Notwithstanding any other provision of the Plan, unless otherwise determined by the Administrator or required by Applicable Law, the
Company shall not deliver to any Holder certificates evidencing Shares issued in connection with any Award and instead such Shares shall be recorded in the books of the Company (or, as applicable, its transfer agent or stock plan administrator).

 11.5 Forfeiture and Claw-Back Provisions. All Awards (including any proceeds, gains or other economic benefit actually or
constructively received by a Holder upon any receipt or exercise of any Award or upon the receipt or resale of any Shares underlying the Award) shall be subject to the terms of applicable law, regulation and governance codes that regulate or govern
executive remuneration and compensation from time to time and the provisions of any claw-back policy implemented by the Company, including, without limitation, any claw-back policy adopted to comply with the requirements of Applicable Law,
including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy and/or in the applicable Award Agreement. 

11.6 Prohibition on Repricing. Subject to Section 13.2, the Administrator shall not, without the approval of the stockholders of
the Company, (a) authorize the amendment of any outstanding Option or Stock Appreciation Right to reduce its price per Share, or (b) cancel any Option or Stock Appreciation Right in exchange for cash or another Award when the Option or
Stock Appreciation Right price per Share exceeds the Fair Market Value of the underlying Shares. Furthermore, for purposes of this Section 11.6, except in connection with a corporate transaction involving the Company (including, without
limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), the terms of outstanding Awards may not be amended to reduce
the exercise price per Share of outstanding Options or Stock Appreciation 

  
 22 

 
Rights or cancel outstanding Options or Stock Appreciation Rights in exchange for cash, other Awards or Options or Stock Appreciation Rights with an exercise price per Share that is less than the
exercise price per Share of the original Options or Stock Appreciation Rights without the approval of the stockholders of the Company. 

11.7 Amendment of Awards. Subject to Applicable Law, the Administrator may amend, modify or terminate any outstanding Award, including
but not limited to, substituting therefor another Award of the same or a different type, changing the date of exercise or settlement, and converting an Incentive Stock Option to a Non-Qualified Stock Option. The Holder’s consent to such action
shall be required unless (a) the Administrator determines that the action, taking into account any related action, would not materially and adversely affect the Holder, or (b) the change is otherwise permitted under the Plan (including,
without limitation, under Section 13.2 or 13.10). 
 11.8 Data Privacy. As a condition of receipt of any Award, each Holder
explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of personal data as described in this Section 11.8 by and among, as applicable, the Company and its Subsidiaries for the exclusive purpose
of implementing, administering and managing the Holder’s participation in the Plan. The Company and its Subsidiaries may hold certain personal information about a Holder, including but not limited to, the Holder’s name, home address and
telephone number, date of birth, social security or insurance number or other identification number, salary, nationality, job title(s), any shares of stock held in the Company or any of its Subsidiaries, details of all Awards, in each case, for the
purpose of implementing, managing and administering the Plan and Awards (the “Data”). The Company and its Subsidiaries may transfer the Data amongst themselves as necessary for the purpose of implementation, administration and
management of a Holder’s participation in the Plan, and the Company and its Subsidiaries may each further transfer the Data to any third parties assisting the Company and its Subsidiaries in the implementation, administration and management of
the Plan. These recipients may be located in the Holder’s country, or elsewhere, and the Holder’s country may have different data privacy laws and protections than the recipients’ country. Through acceptance of an Award, each Holder
authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Holder’s participation in the Plan, including any requisite
transfer of such Data as may be required to a broker or other third party with whom the Company or any of its Subsidiaries or the Holder may elect to deposit any Shares. The Data related to a Holder will be held only as long as is necessary to
implement, administer, and manage the Holder’s participation in the Plan. A Holder may, at any time, view the Data held by the Company with respect to such Holder, request additional information about the storage and processing of the Data with
respect to such Holder, recommend any necessary corrections to the Data with respect to the Holder or refuse or withdraw the consents herein in writing, in any case without cost, by contacting his or her local human resources representative. The
Company may cancel Holder’s ability to participate in the Plan and, in the Administrator’s discretion, the Holder may forfeit any outstanding Awards if the Holder refuses or withdraws his or her consents as described herein. For more
information on the consequences of refusal to consent or withdrawal of consent, Holders may contact their local human resources representative. 

  
 23 

 ARTICLE 12. 

ADMINISTRATION 
 12.1
Administrator. The Committee shall administer the Plan (except as otherwise permitted herein). To the extent necessary to comply with Rule 16b-3 of the Exchange Act, and with respect to Awards that are intended to be Performance-Based
Compensation, including Options and Stock Appreciation Rights, then the Committee shall take all action with respect to such Awards, and the individuals taking such action shall consist solely of two or more Non-Employee Directors, each of whom is
intended to qualify as both a “non-employee director” as defined by Rule 16b-3 of the Exchange Act or any successor rule and an “outside director” for purposes of Section 162(m) of the Code. Additionally, to the extent
required by Applicable Law, each of the individuals constituting the Committee shall be an “independent director” under the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded.
Notwithstanding the foregoing, any action taken by the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later determined not to have satisfied the requirements for membership set forth in
this Section 12.1 or the Organizational Documents. Except as may otherwise be provided in the Organizational Documents or as otherwise required by Applicable Law, (a) appointment of Committee members shall be effective upon acceptance of
appointment, (b) Committee members may resign at any time by delivering written or electronic notice to the Board and (c) vacancies in the Committee may only be filled by the Board. Notwithstanding the foregoing, (a) the full Board,
acting by a majority of its members in office, shall conduct the general administration of the Plan with respect to Awards granted to Non-Employee Directors and, with respect to such Awards, the terms “Administrator” as used in the Plan
shall be deemed to refer to the Board and (b) the Board or Committee may delegate its authority hereunder to the extent permitted by Section 12.6. 

12.2 Duties and Powers of Administrator. It shall be the duty of the Administrator to conduct the general administration of the Plan in
accordance with its provisions. The Administrator shall have the power to interpret the Plan, all Programs and Award Agreements, and to adopt such rules for the administration, interpretation and application of the Plan and any Program as are not
inconsistent with the Plan, to interpret, amend or revoke any such rules and to amend any Program or Award Agreement; provided that the rights or obligations of the Holder of the Award that is the subject of any such Program or Award
Agreement are not materially and adversely affected by such amendment, unless the consent of the Holder is obtained or such amendment is otherwise permitted under Section 11.5 or Section 13.10. In its sole discretion, the Board may at any
time and from time to time exercise any and all rights and duties of the Committee in its capacity as the Administrator under the Plan except with respect to matters which under Rule 16b-3 under the Exchange
Act or any successor rule, or Section 162(m) of the Code, or any regulations or rules issued thereunder, or the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded are required to be
determined in the sole discretion of the Committee. 
 12.3 Action by the Administrator. Unless otherwise established by the Board,
set forth in any Organizational Documents or as required by Applicable Law, a majority of the Administrator shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in
writing by all members of the 

  
 24 

 
Administrator in lieu of a meeting, shall be deemed the acts of the Administrator. Each member of the Administrator is entitled to, in good faith, rely or act upon any report or other information
furnished to that member by any officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist
in the administration of the Plan. 
 12.4 Authority of Administrator. Subject to the Organizational Documents, any specific
designation in the Plan and Applicable Law, the Administrator has the exclusive power, authority and sole discretion to: 
 (a) Designate
Eligible Individuals to receive Awards; 
 (b) Determine the type or types of Awards to be granted to each Eligible Individual (including,
without limitation, any Awards granted in tandem with another Award granted pursuant to the Plan); 
 (c) Determine the number of Awards to
be granted and the number of Shares to which an Award will relate; 
 (d) Determine the terms and conditions of any Award granted pursuant to
the Plan, including, but not limited to, the exercise price, grant price, purchase price, any Performance Criteria or performance criteria, any reload provision, any restrictions or limitations on the Award, any schedule for vesting, lapse of
forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof, and any provisions related to non-competition and claw-back and recapture of gain on an Award, based in each case on such considerations
as the Administrator in its sole discretion determines; 
 (e) Determine whether, to what extent, and under what circumstances an Award may
be settled in, or the exercise price of an Award may be paid in cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

(f) Prescribe the form of each Award Agreement, which need not be identical for each Holder; 

(g) Decide all other matters that must be determined in connection with an Award; 

(h) Establish, adopt, or revise any Programs, rules and regulations as it may deem necessary or advisable to administer the Plan; 

(i) Interpret the terms of, and any matter arising pursuant to, the Plan, any Program or any Award Agreement; 

(j) Make all other decisions and determinations that may be required pursuant to the Plan or as the Administrator deems necessary or advisable
to administer the Plan; and 

  
 25 

 (k) Accelerate wholly or partially the vesting or lapse of restrictions of any Award or portion
thereof at any time after the grant of an Award, subject to whatever terms and conditions it selects and Section 13.2. 
 12.5
Decisions Binding. The Administrator’s interpretation of the Plan, any Awards granted pursuant to the Plan, any Program or any Award Agreement and all decisions and determinations by the Administrator with respect to the Plan are final,
binding and conclusive on all Persons. 
 12.6 Delegation of Authority. The Board or Committee may from time to time delegate to a
committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to this Article 12; provided, however, that in no event shall
an officer of the Company be delegated the authority to grant Awards to, or amend Awards held by, the following individuals: (a) individuals who are subject to Section 16 of the Exchange Act, (b) Covered Employees with respect to
Awards intended to constitute Performance Based Compensation, or (c) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided, further, that any delegation of
administrative authority shall only be permitted to the extent it is permissible under any Organizational Documents and Applicable Law (including, without limitation, Section 162(m) of the Code). Any delegation hereunder shall be subject to the
restrictions and limits that the Board or Committee specifies at the time of such delegation or that are otherwise included in the applicable Organizational Documents, and the Board or Committee, as applicable, may at any time rescind the authority
so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 12.6 shall serve in such capacity at the pleasure of the Board or the Committee, as applicable, and the Board or the Committee may abolish any
committee at any time and re-vest in itself any previously delegated authority. 
 ARTICLE 13. 

MISCELLANEOUS PROVISIONS 

13.1 Amendment, Suspension or Termination of the Plan. 

(a) Except as otherwise provided in Section 13.1(b), the Plan may be wholly or partially amended or otherwise modified, suspended or
terminated at any time or from time to time by the Board; provided that, except as provided in Section 11.5 and Section 13.10, no amendment, suspension or termination of the Plan shall, without the consent of the Holder, materially
and adversely affect any rights or obligations under any Award theretofore granted or awarded, unless the Award itself otherwise expressly so provides. 

(b) Notwithstanding Section 13.1(a), the Board may not, except as provided in Section 13.2, take any of the following actions without
approval of the Company’s stockholders given within twelve (12) months before or after such action: (i) increase the limit imposed in Section 3.1 on the maximum number of Shares which may be issued under the Plan, the Award Limit
or the Director Limit, (ii) reduce the price per share of any outstanding Option or Stock Appreciation Right granted under the Plan or take any action prohibited under Section 11.6, or (iii) cancel any Option or Stock Appreciation
Right in exchange for cash or another Award in violation of Section 11.6. 

  
 26 

 (c) No Awards may be granted or awarded during any period of suspension or after termination of
the Plan, and notwithstanding anything herein to the contrary, in no event may any Award be granted under the Plan after the tenth (10th) anniversary of the earlier of (i) the date on
which the Plan was adopted by the Board or (ii) the date the Plan was approved by the Company’s stockholders (such anniversary, the “Expiration Date”). Any Awards that are outstanding on the Expiration Date shall remain in
force according to the terms of the Plan, the applicable Program and the applicable Award Agreement. 
 13.2 Changes in Shares or Assets
of the Company, Acquisition or Liquidation of the Company and Other Corporate Events. 
 (a) In the event of any stock dividend, stock
split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares of the Company’s stock or the share price of
the Company’s stock other than an Equity Restructuring, the Administrator may make equitable adjustments, if any, to reflect such change with respect to: (i) the aggregate number and kind of Shares that may be issued under the Plan
(including, but not limited to, adjustments of the limitations in Section 3.1 on the maximum number and kind of Shares which may be issued under the Plan and adjustments of the Award Limit); (ii) the number and kind of Shares (or other
securities or property) subject to outstanding Awards; (iii) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); (iv) the grant or
exercise price per share for any outstanding Awards under the Plan; and (v) the number and kind of Shares (or other securities or property) for which automatic grants are subsequently to be made to new and continuing Non-Employee Directors
pursuant to Section 4.6. Any adjustment affecting an Award intended as Performance-Based Compensation shall be made consistent with the requirements of Section 162(m) of the Code unless otherwise determined by the Administrator. 

(b) In the event of any transaction or event described in Section 13.2(a) or any unusual or nonrecurring transactions or events affecting
the Company, any Subsidiary of the Company, or the financial statements of the Company or any Subsidiary, or of changes in Applicable Law or Applicable Accounting Standards, the Administrator, in its sole discretion, and on such terms and conditions
as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event, is hereby authorized to take any one or more of the following actions whenever the Administrator determines that such
action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or with respect to any Award under the Plan, to facilitate such transactions or events or to give
effect to such changes in Applicable Law or Applicable Accounting Standards: 
 (i) To provide for the termination of any such Award in
exchange for an amount of cash and/or other property with a value equal to the amount that would have been attained upon the exercise of such Award or realization of the Holder’s rights (and, for the avoidance of doubt, if as of the date of the
occurrence of the transaction or event described in this Section 13.2 the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Holder’s rights, then such Award
may be terminated by the Company without payment); 

  
 27 

 (ii) To provide that such Award be assumed by the successor or survivor corporation, or a parent
or subsidiary thereof, or shall be substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares
and applicable exercise or purchase price, in all cases, as determined by the Administrator; 
 (iii) To make adjustments in the number and
type of Shares of the Company’s stock (or other securities or property) subject to outstanding Awards, and/or in the terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding Awards and Awards
which may be granted in the future; 
 (iv) To provide that such Award shall be exercisable or payable or fully vested with respect to all
Shares covered thereby, notwithstanding anything to the contrary in the Plan or the applicable Program or Award Agreement; 
 (v) To replace
such Award with other rights or property selected by the Administrator; and/or 
 (vi) To provide that the Award cannot vest, be exercised
or become payable after such event. 
 (c) In connection with the occurrence of any Equity Restructuring, and notwithstanding anything to the
contrary in Sections 13.2(a) and 13.2(b): 
 (i) The number and type of securities subject to each outstanding Award and the exercise price
or grant price thereof, if applicable, shall be equitably adjusted (and the adjustments provided under this Section 13.2(c)(i) shall be nondiscretionary and shall be final and binding on the affected Holder and the Company); and/or 

(ii) The Administrator shall make such equitable adjustments, if any, as the Administrator, in its sole discretion, may deem appropriate to
reflect such Equity Restructuring with respect to the aggregate number and kind of Shares that may be issued under the Plan (including, but not limited to, adjustments of the limitation in Section 3.1 on the maximum number and kind of Shares
which may be issued under the Plan and adjustments of the Award Limit). 
 (d) Notwithstanding any other provision of the Plan, in the event
of a Change in Control, unless the Administrator elects to (i) terminate an Award in exchange for cash, rights or property, or (ii) cause an Award to become fully exercisable and no longer subject to any forfeiture restrictions prior to
the consummation of a Change in Control, pursuant to Section 13.2, (A) such Award (other than any portion subject to performance-based vesting) shall continue in effect or be assumed or an equivalent Award substituted by the successor
corporation or a parent or subsidiary of the successor corporation and (B) the portion of such Award subject to performance-based vesting shall be subject to the terms and conditions of the applicable Award Agreement and, in the absence of
applicable terms and conditions, the Administrator’s discretion. 

  
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 (e) In the event that the successor corporation in a Change in Control refuses to assume or
substitute for an Award (other than any portion subject to performance-based vesting), the Administrator may cause (i) any or all of such Award (or portion thereof) to terminate in exchange for cash, rights or other property pursuant to
Section 13.2(b)(i) or (ii) any or all of such Award (or portion thereof) to become fully exercisable immediately prior to the consummation of such transaction and all forfeiture restrictions on any or all of such Award to lapse. If any
such Award is exercisable in lieu of assumption or substitution in the event of a Change in Control, the Administrator shall notify the Holder that such Award shall be fully exercisable for a period of fifteen (15) days from the date of such
notice, contingent upon the occurrence of the Change in Control, and such Award shall terminate upon the expiration of such period. 
 (f)
For the purposes of this Section 13.2, an Award shall be considered assumed if, following the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the Change in Control,
the consideration (whether stock, cash, or other securities or property) received in the Change in Control by holders of the Shares for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the Change in Control was not solely shares of the successor (or acquiring) corporation
or its parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the Award, for each Share subject to an Award, to be solely shares of the successor (or acquiring)
corporation or its parent equal in fair market value to the per-share consideration received by holders of the Shares in the Change in Control. 

(g) The Administrator, in its sole discretion, may include such further provisions and limitations in any Award, agreement or certificate, as
it may deem equitable and in the best interests of the Company that are not inconsistent with the provisions of the Plan. 
 (h) Unless
otherwise determined by the Administrator, no adjustment or action described in this Section 13.2 or in any other provision of the Plan shall be authorized to the extent it would (i) with respect to Awards which are granted to Covered
Employees and are intended to qualify as Performance-Based Compensation, cause such Award to fail to so qualify as Performance-Based Compensation, (ii) cause the Plan to violate Section 422(b)(1) of the Code, (iii) result in
short-swing profits liability under Section 16 of the Exchange Act or violate the exemptive conditions of Rule 16b-3 of the Exchange Act, or (iv) cause an Award to fail to be exempt from or comply with Section 409A. 

(i) The existence of the Plan, any Program, any Award Agreement and/or the Awards granted hereunder shall not affect or restrict in any way the
right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the
Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose 

  
 29 

 
rights are superior to or affect the Shares or the rights thereof or which are convertible into or exchangeable for Shares, or the dissolution or liquidation of the Company, or any sale or
transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

(j) In the event of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other distribution
(other than normal cash dividends) of Company assets to stockholders, or any other change affecting the Shares or the share price of the Shares including any Equity Restructuring, for reasons of administrative convenience, the Administrator, in its
sole discretion, may refuse to permit the exercise of any Award during a period of up to thirty (30) days prior to the consummation of any such transaction. 

13.3 Approval of Plan by Stockholders. The Plan shall be submitted for the approval of the Company’s stockholders within twelve
(12) months after the date of the Board’s initial adoption of the Plan. 
 13.4 No Stockholders Rights. Except as otherwise
provided herein or in an applicable Program or Award Agreement, a Holder shall have none of the rights of a stockholder with respect to Shares covered by any Award until the Holder becomes the record owner of such Shares. 

13.5 Paperless Administration. In the event that the Company establishes, for itself or using the services of a third party, an
automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Holder may be permitted through
the use of such an automated system. 
 13.6 Effect of Plan upon Other Compensation Plans. The adoption of the Plan shall not affect
any other compensation or incentive plans in effect for the Company or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company or any Subsidiary: (a) to establish any other forms of incentives or compensation
for Employees, Directors or Consultants of the Company or any Subsidiary, or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose including without limitation,
the grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, partnership, limited liability company, firm or association. 

13.7 Compliance with Laws. The Plan, the granting and vesting of Awards under the Plan and the issuance and delivery of Shares and the
payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all Applicable Law (including but not limited to state, federal and foreign securities law and margin requirements), and to such approvals by
any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Any securities delivered under the Plan shall be subject to such restrictions, and the person
acquiring such securities shall, if requested by the Company, provide such assurances and representations to the Company as the Company may deem necessary or desirable to assure compliance with all 

  
 30 

 
Applicable Law. The Administrator, in its sole discretion, may take whatever actions it deems necessary or appropriate to effect compliance with Applicable Law, including, without limitation,
placing legends on share certificates and issuing stop-transfer notices to agents and registrars. Notwithstanding anything to the contrary herein, the Administrator may not take any actions hereunder, and no Awards shall be granted, that would
violate Applicable Law. To the extent permitted by Applicable Law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to Applicable Law. 

13.8 Titles and Headings, References to Sections of Applicable Law. The titles and headings of the Sections in the Plan are for
convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of the Code or the Exchange Act or any other Applicable Law shall include any amendment
or successor thereto. 
 13.9 Governing Law. The Plan and any Programs and Award Agreements hereunder shall be administered,
interpreted and enforced under the internal laws of the State of Delaware without regard to conflicts of laws thereof or of any other jurisdiction. 

13.10 Section 409A. To the extent that the Administrator determines that any Award granted under the Plan is subject to
Section 409A, the Plan, the Program pursuant to which such Award is granted and the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A. To the extent applicable, the Plan, the Program
and any Award Agreements shall be interpreted in accordance with Section 409A. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Administrator determines that any Award may be subject
to Section 409A, the Administrator may (but is not obligated to), without a Holder’s consent, adopt such amendments to the Plan and the applicable Program and Award Agreement or adopt other policies and procedures (including amendments,
policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (a) exempt the Award from Section 409A and/or preserve the intended tax treatment of the
benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A and thereby avoid the application of any penalty taxes under Section 409A. The Company makes no representations or warranties as to the
tax treatment of any Award under Section 409A or otherwise. The Company shall have no obligation under this Section 13.10 or otherwise to take any action (whether or not described herein) to avoid the imposition of taxes, penalties or
interest under Section 409A with respect to any Award and shall have no liability to any Holder or any other person if any Award, compensation or other benefits under the Plan are determined to constitute non-compliant, “nonqualified
deferred compensation” subject to the imposition of taxes, penalties and/or interest under Section 409A. 
 13.11 Unfunded
Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Holder pursuant to an Award, nothing contained in the Plan or any Program or Award Agreement
shall give the Holder any rights that are greater than those of a general creditor of the Company or any Subsidiary. 
 13.12
Indemnification. To the extent permitted under Applicable Law and the Organizational Documents, each member of the Administrator shall be indemnified and held 

  
 31 

 
harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action, suit, or
proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction of judgment in such action,
suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right
of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Organizational Documents, as a matter of law, or otherwise, or any power that the Company may have to indemnify
them or hold them harmless. 
 13.13 Relationship to other Benefits. No payment pursuant to the Plan shall be taken into account in
determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except to the extent otherwise expressly provided in writing in such other plan or an
agreement thereunder. 
 13.14 Expenses. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries.

 * * * * * 

  
 32 

 LIVANOVA PLC 

2015 INCENTIVE AWARD PLAN 

SUB-PLAN FOR UK PARTICIPANTS 
  

	1.	Purpose 

 Pursuant to the powers granted by the Administrator in Section 4.5 of the
LivaNova PLC 2015 Incentive Award Plan (as it may be amended or restated from time to time, the “Plan”), the Administrator has adopted this UK Sub-Plan (the “Sub-Plan”). The purpose of the Sub-Plan is to promote the
success and enhance the value of LivaNova PLC (the “Company”), by linking the individual interests of Employees, to those of Company stockholders and by providing such individuals with an incentive for outstanding performance to
generate superior returns to Company stockholders. The Sub-Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of Employees upon whose judgment, interest, and special effort the
successful conduct of the Company’s operation is largely dependent. Only Employees may receive Awards under the Sub-Plan. 
  

	2.	Definitions and Construction 

 Wherever the following terms are: (i) used in the
Sub-Plan; or (ii) used in the Plan but apply to Awards made under the Sub-Plan, they shall have the meanings specified below, unless the context clearly indicates otherwise. Capitalized terms used in the Sub-Plan which are not defined herein
shall have the meaning given in the Plan, and where the context requires any references to the “Plan” in those definitions shall be a reference to the Sub-Plan. The singular pronoun shall include the plural where the context so indicates.

  

	 	(a)	“Award” means, individually, or collectively, a grant under the Sub-Plan of an Option, a Stock Appreciation Right, a Restricted Stock award, a Restricted Stock Unit award, an Other Stock or Cash Based Award,
or a Dividend Equivalent award. 

  

	 	(b)	“Employee” shall mean any person who is an employee of the Company or a Subsidiary as determined by the Administrator. 

  

	3.	Shares Subject to the Plan 

  

	 	(a)	Subject to the terms of Section 3(b) of this Sub-Plan, the provisions of Section 3 of the Plan shall apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 

 

	 	(b)	The aggregate number of Shares which may be issued or transferred pursuant to Awards under the Sub-Plan, when taken together with the number of Shares which may be issued or transferred pursuant to Awards under the Plan
or any other sub-plan shall not exceed the limits specified by Section 3 of the Plan, as amended from time to time. 

	4.	Granting of Awards 

  

	 	(a)	The Sub-Plan forms the rules of the employee share scheme applicable to Awards made under the Sub-Plan to Employees of the Company and any Subsidiaries based in the United Kingdom or in any other jurisdiction at the
discretion of the Administrator. Other Eligible Individuals who are not Employees (such as Consultants or Non-Employee Directors) are not eligible to receive Awards and become Eligible Individuals pursuant to this Sub-Plan. References to the phrase
“Eligible Individual” shall be interpreted as referring only to Employees when that phrase in the Plan is used in the context of the Sub-Plan and Awards granted to Employees under this Sub-Plan and references to the phrase
“Termination of Service” shall be interpreted as referring only to the date the Eligible Individual ceases to be an Employee when that phrase in the Plan is used in the context of the Sub-Plan and Awards granted to Employees under
the Sub-Plan. 

  

	 	(b)	The following language set out below is in addition to the terms of Section 4.4:- 

  

	 	  	“Neither the Sub-Plan nor any Award made under the Sub-Plan shall give the Holder any rights to compensation or damages including for any loss or potential loss that the Holder may suffer by reason of being
unable to exercise any Option or forfeiting any Award or Shares as a result of the termination of the Sub-Plan, the lapsing or termination of an Award or the Holder’s Termination of Service including where any Termination of Service is
subsequently held to be wrongful or unfair.” 

  

	 	(c)	The provisions of Section 4 of the Plan shall apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 

 

	5.	Provisions Applicable to Awards Intended to Qualify as Performance-Based Compensation 

The provisions of Section 5 of the Plan shall apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 

 

	6.	Granting of Stock Options and Stock Appreciation Rights 

  

	 	(a)	The Administrator may grant Options and Stock Appreciation Rights to Employees from time to time, in its sole discretion, on such terms and conditions as it may determine, which shall not be inconsistent with the
Sub-Plan. 

  

	 	(b)	Unless otherwise determined appropriate by the Administrator, any Option granted under this Sub-Plan shall be a Non-Qualified Stock Option. 

 

	 	(c)	The exercise price per Share subject to each Option and Stock Appreciation Right shall be set by the Administrator, but (except for Substitute Awards) shall not be less than 100% of the Fair Market Value of a Share on
the date the Option or Share Appreciation Right, as applicable, is granted. 

	 	(d)	The provisions of Section 6.3 to 6.6 (inclusive) of the Plan shall apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 

 

	7.	Exercise of Options and Stock Appreciation Rights 

 The provisions of Section 7 of
the Plan shall apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 
  

	8.	Award of Restricted Stock 

 The provisions of Section 8 of the Plan shall apply to
this Sub-Plan as if references to the Plan are references to the Sub-Plan. On request by the Company, Employees tax resident in the United Kingdom will be required to make an election under Section 431 of Chapter 2 Income Tax (Earnings and
Pensions) Act 2003 (“ITEPA”) for full disapplication of ITEPA. Employees tax resident in other jurisdictions may be required to make equivalent elections appropriate to their jurisdictions. 

 

	9.	Award of Restricted Stock Units 

 The provisions of Section 9 of the Plan shall
apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 
  

	10.	Award of Other Stock or Cash Based Awards and Dividend Equivalents 

 The provisions of
Section 10 of the Plan shall apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 
  

	11.	Additional Terms of Awards 

  

	 	(a)	Except as set out below, the provisions of Section 11 of the Plan shall apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 

 

	 	(b)	Section 11.2 of the Plan shall be amended so that the word “foreign taxes” when used in Section 11.2 shall include income tax, employee’s National Insurance contributions and (at the discretion
of the Company) employer’s National Insurance contributions or other similar taxes arising in any jurisdiction (any, a “Tax Liability”) that is attributable to: (i) the grant or exercise of or any benefit derived from an
Award; (ii) the transfer or issue of shares of Shares to an Employee on satisfaction of an Award; (iii) any restrictions applicable to any shares of Shares held by an Employee ceasing to apply to those Shares; or (iv) the disposal of
any Shares. The Employee will indemnify and keep indemnified the Company and his/her employing company, if different, from and against any liability for or obligation to pay any Tax Liability. 

 

	 	(c)	Section 11.3(b) and Section 11.3(c) of the Plan and references to “DRO” will not apply to the Sub-Plan. 

  

	12.	Administration 

 The provisions of Section 12 of the Plan shall apply to this
Sub-Plan as if references to the Plan are references to the Sub-Plan. 

	13.	Miscellaneous Provisions 

  

	 	(a)	The provisions of Section 13 of the Plan shall apply to this Sub-Plan as if references to the Plan are references to the Sub-Plan. 

 

	 	(b)	In the event of a conflict between the terms of the Sub-Plan and the Plan with respect to Awards granted to Employees based in the United Kingdom under the Sub-Plan, the terms of the Sub-Plan will control.

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