Document:

EX-10.1

 Exhibit 10.1 

FIRST AMENDMENT 

TO CREDIT AGREEMENT 

This First Amendment to Credit Agreement (this “Amendment”) dated and effective as of November 12, 2019 (the
“First Amendment Effective Date”) by and among ORGANOGENESIS HOLDINGS INC., a Delaware corporation (“Holdings”), ORGANOGENESIS INC., a Delaware corporation
(“Organogenesis”) and PRIME MERGER SUB, LLC, a Delaware limited liability company (“Prime”, and together with Holdings and Organogenesis, individually and collectively, the
“Borrower”), the several banks and other financial institutions from time to time party to this Agreement (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY
BANK (“SVB”), as the Issuing Lender and the Swingline Lender, and SVB, as administrative agent and collateral agent for the Lenders (in such capacities, together with any successors and assigns in such capacity,
the “Administrative Agent”). 
 W I T N E S S E T H: 

WHEREAS, Borrower, the Administrative Agent, the Issuing Lender and the Swingline Lender are parties to that certain Credit Agreement dated as
of March 14, 2019 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”); and 

WHEREAS, the Borrower has requested that the Lenders and the Administrative Agent agree to modify and amend certain terms and conditions of
the Credit Agreement to, modify the post-closing covenants, subject to the terms and conditions contained herein; 
 NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1.
Capitalized Terms. All capitalized terms used herein and not otherwise defined shall have the same meaning herein as in the Credit Agreement or in the other Loan Documents referred to in the recitals hereto, as applicable. 

2. Amendment to the Credit Agreement. The Credit Agreement is hereby amended by deleting Section 6.20 in its entirety and inserting
the following in lieu thereof: 
 6.20 65 Dan Road Lease, 85 Dan Road Lease, 150 Dan Road Lease and 275 Dan Road
Lease Agreements (the “Lease Agreements”). Borrower shall remain in compliance with each of the Lease Agreements, as applicable. On or before December 31, 2019, Borrower shall provide to Administrative
Agent a fully executed original Collateral Assignment of Leases, Right to Assign Leases and Landlord’s Consent for each of the Lease Agreements, each in a form and substance acceptable to Administrative Agent in all respects. In addition, on or
before December 31, 2021, Borrower shall have entered into a written amendment or extension agreement extending the applicable termination date under each of the Lease Agreements to a date beyond the Revolving Termination Date and the Term Loan
Maturity Date, which amendment or extension shall in each case be in form and substance acceptable to the Administrative Agent in all respects. 

  
 1 

 3. Conditions Precedent to Effectiveness. This Amendment shall not be effective until
each of the following conditions precedent have been fulfilled to the satisfaction of the Administrative Agent: 
  

	 	(a)	 This Amendment shall have been duly executed and delivered by the respective parties hereto. The Administrative
Agent shall have received a fully executed copy hereof and of each other document required hereunder. 

  

	 	(b)	 All necessary consents and approvals to this Amendment shall have been obtained. 

 

	 	(c)	 Prior to and immediately after giving effect to this Amendment, no Default or Event of Default shall have
occurred and be continuing. 

  

	 	(d)	 Prior to and immediately after giving effect to this Amendment, the representations and warranties herein and
in the Credit Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an
earlier date), in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date. 

  

	 	(e)	 The Lenders and the Administrative Agent shall have received all fees required to be paid, and all expenses for
which invoices have been presented (including the reasonable fees and expenses of legal counsel required to be paid hereunder or under any other Loan Document), on or before the First Amendment Effective Date. 

4. Representations and Warranties. Each Loan Party hereby represents and warrants to the Administrative Agent and the Lenders as
follows: 
  

	 	(a)	 This Amendment is, and each other Loan Document to which it is or will be a party, when executed and delivered
by each Loan Party that is a party thereto, will be the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as enforcement may be limited by equitable
principles or by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally. 

  

	 	(b)	 The representations and warranties set forth in this Amendment, the Credit Agreement, as amended by this
Amendment and after giving effect hereto, and the other Loan Documents to which it is a party are true and correct in all respects on and as of the date hereof, as though made on such date (except to the extent that such representations and
warranties relate solely to an earlier date), in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date. 

5. Payment of Costs and Fees. The Borrowers shall pay to the Administrative Agent all reasonable costs,
out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents
and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent or any Lender). 

6. Choice of Law. This Amendment and the rights of the parties hereunder, shall be determined under, governed by, and construed in
accordance with the laws of the State of New York. 

  
 2 

 7. Counterpart Execution. This Amendment may be executed in any number of
counterparts, all of which when taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. Delivery of an executed counterpart of this Amendment by
telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telefacsimile or other
electronic method of transmission also shall deliver an original executed counterpart of this Amendment, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment.

 8. Effect on Loan Documents. 
  

	 	(a)	 The Credit Agreement, as amended hereby, and each of the other Loan Documents shall be and remain in full force
and effect in accordance with their respective terms and hereby are ratified and confirmed in all respects. The execution, delivery, and performance of this Amendment shall not operate, except as expressly set forth herein, as a modification or
waiver of any right, power, or remedy of the Administrative Agent or any Lender under the Credit Agreement or any other Loan Document. The consents, modifications and other agreements herein are limited to the specifics hereof (including facts or
occurrences on which the same are based), shall not apply with respect to any facts or occurrences other than those on which the same are based, shall not excuse any non-compliance with the Loan Documents, and
shall not operate as a consent or waiver to any matter under the Loan Documents. Except for the amendments to the Credit Agreement expressly set forth herein, the Credit Agreement and other Loan Documents shall remain unchanged and in full force and
effect. The execution, delivery and performance of this Amendment shall not operate as a waiver of or, except as expressly set forth herein, as an amendment of, any right, power or remedy of the Lenders in effect prior to the date hereof. The
amendments, consents, modifications and other agreements set forth herein are limited to the specifics hereof, shall not apply with respect to any facts or occurrences other than those on which the same are based, and except as expressly set forth
herein, shall neither excuse any future non-compliance with the Credit Agreement, nor operate as a waiver of any Default or Event of Default. To the extent any terms or provisions of this Amendment conflict
with those of the Credit Agreement or other Loan Documents, the terms and provisions of this Amendment shall control. 

  

	 	(b)	 To the extent that any terms and conditions in any of the Loan Documents shall contradict or be in conflict
with any terms or conditions of the Credit Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified or amended accordingly to reflect the terms and conditions of the Credit Agreement as modified or
amended hereby. 

  

	 	(c)	 This Amendment is a Loan Document. 

9. Entire Agreement. This Amendment, and terms and provisions hereof, the Credit Agreement and the other Loan Documents constitute the
entire understanding and agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior or contemporaneous amendments or understandings with respect to the subject matter hereof, whether express or
implied, oral or written. 

  
 3 

 10. No Defenses. Each Loan Party hereby absolutely and unconditionally
releases and forever discharges the Administrative Agent, each Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of
the present and former directors, officers, agents, attorneys and employees of any of the foregoing (each, a “Releasee” and collectively, the “Releasees”), from any and all claims, demands or causes of
action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise (each, a “Claim” and collectively, the “Claims”),
which such Loan Party has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment which
relates directly or indirectly, to the Credit Agreement or any other Loan Document, whether such claims, demands and causes of action are matured or unmatured or known or unknown, except for the duties and obligations set forth in this Amendment and
other than with respect to the acts or omissions of any Releasee that a court of competent jurisdiction determines to have resulted from the gross negligence, willful misconduct or bad faith of such Releasee. 

11. Ratification. The Loan Parties hereby restate, ratify and reaffirm each and every term and condition set forth in the Credit
Agreement and the Loan Documents effective as of the date hereof and as amended hereby. 
 12. Severability. In case any provision in
this Amendment shall be invalid, illegal or unenforceable, such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby. 
 [Signature pages follow] 

  
 4 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. 

 

			
	BORROWER:
	
	ORGANOGENESIS HOLDINGS INC.
		
	By:	 	 /s/ Timothy M. Cunningham

	Name:	 	Timothy M. Cunningham
	Title:	 	CFO
	
	ORGANOGENESIS INC.
		
	By:	 	 /s/ Timothy M. Cunningham

	Name:	 	Timothy M. Cunningham
	Title:	 	CFO
	
	PRIME MERGER SUB, LLC
		
	By:	 	 /s/ Timothy M. Cunningham

	Name:	 	Timothy M. Cunningham
	Title:	 	CFO

  
 5 

 
			
	ADMINISTRATIVE AGENT:
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Sam Subilia

	Name:	 	Sam Subilia
	Title:	 	Director

 
			
	LENDERS:
	
	 SILICON VALLEY BANK,
 as
Issuing Lender, Swingline Lender and as a Lender

		
	By:	 	 /s/ Evan Chen

	Name:	 	Evan Chen
	Title:	 	Vice President

 
			
	MIDCAP FINANCIAL TRUST
	as a Lender
		
	By:	 	Apollo Capital Management, L.P.,
	its investment manager
		
	By:	 	Apollo Capital Management GP, LLC,
	its general partner
		
	By:	 	 /s/ Maurice Amsellem

	Name:	 	Maurice Amsellem
	Title:	 	Authorized Signatory
	
	ELM 2018-2 TRUST
	as a Lender
		
	By:	 	 MidCap Financial Services Capital
 Management,
LLC, as Servicer

		
	By:	 	 /s/ John O’Dea

	Name:	 	John O’Dea
	Title:	 	Authorized Signatory
	
	MIDCAP FUNDING III TRUST
	as a Lender
		
	By:	 	Apollo Capital Management, L.P.,
	its investment manager
		
	By:	 	Apollo Capital Management GP, LLC,
	its general partner
		
	By:	 	 /s/ Maurice Amsellem

	Name:	 	Maurice Amsellem
	Title:	 	Authorized Signatory

  
 8 

 
			
	 FLEXPOINT MCLS HOLDINGS LLC,

as a Lender

		
	By:	 	 /s/ Daniel Edelman

	Name:	 	Daniel Edelman
	Title:	 	Vice PresidentEX-10.1

 Exhibit 10.1 

CDP Holdings, Ltd (the “Company”) 

2019 SHARE OPTION PLAN 

(Adopted by the Company’s Board of Directors on June 30, 2019) 
  

	1.	 Purposes of the Plan. The purpose of this Plan is to attract and retain the best available personnel for
positions of substantial responsibility, to provide additional incentives to selected Employees, Directors, and Consultants and to promote the success of the Company’s business by offering these individuals an opportunity to acquire a
proprietary interest in the success of the Company or to increase this interest, by permitting them to acquire Shares of the Company. The Plan provides the grant of Options to purchase Shares. Options granted under the Plan may be Incentive Stock
Options or Nonstatutory Stock Options. 

  

	2.	 Definitions. For the purposes of this Plan, the following terms shall have the following meanings:

  

	 	a)	 “Administrator” means the Board or any of its Committees or such delegates as shall be
administering the Plan in accordance with Section 4 hereof. 

  

	 	b)	 “Applicable Law” means any applicable legal requirements relating to the administration of and the
issuance of securities under equity securities-based compensation plans, including, without limitation, the requirements of laws of the PRC or the Cayman Islands, and the requirements of any stock exchange or quotation system upon which the Shares
may then be listed or quoted and the applicable laws of any other country or jurisdiction where Awards are granted under the Plan. For all purposes of this Plan, references to statutes and regulations shall be deemed to include any successor
statutes or regulations, to the extent reasonably appropriate as determined by the Administrator. 

	 	c)	 “Award” means an Option, a Share Purchase Right. 

 

	 	d)	 “Awardee” means a recipient of an Award. 

 

	 	e)	 “Board” means the Board of Directors of the Company. 

 

	 	f)	 “Change in Control” means the occurrence of any of the following events: 

 

	 	i.	 any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the
“beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or ore of the total voting power represented by the Company’s then outstanding
voting securities; or 

  

	 	ii.	 the consummation of the sale, lease, or disposition by the Company of all or substantially all of the
Company’s assets; or 

  

	 	iii.	 the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or
consolidation that would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its
parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 

	 	iv.	 Anything in the foregoing to the contrary notwithstanding, a transaction shall not constitute a Change in
Control if its sole purpose is to change the legal jurisdiction of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities
immediately before such transaction. In addition, a sale by the Company of its securities in a transaction, the primary purpose of which is to raise capital for the Company’s operations and business activities including, without limitation, an
initial public offering of Shares under the Securities Act or other Applicable Law, shall not constitute a Change in Control. 

  

	 	g)	 “Code” means the U.S. Internal Revenue Code of 1986, as amended, and the regulations
promulgated thereunder. 

  

	 	h)	 “Committee” means a committee of Directors appointed by the Board in accordance with
Section 4 hereof. 

  

	 	i)	 “Company” means CDP Holdings, Ltd, a company organized under the laws of the Cayman
Islands, or any successor corporation thereto. 

  

	 	j)	 “Consultant” means any natural person or entity, including an advisor, who is engaged by the
Company, or any Parent, Subsidiary or variable interest entity whose financial statements are intended to be consolidated with the Company, any Parent or Subsidiary to render bona fide consulting or advisory services to such entity and who is
compensated for the services; provided that the term “Consultant,” does not include (i) Employees or (ii) securities promoters. 

	 	k)	 “Date of Grant” means the date an Award is granted to an Awardee in accordance with
Section 11 hereof. 

  

	 	l)	 Director” means a member of the Board. 

 

	 	m)	 “Disability” means total and permanent disability as defined in Section 22(e)(3) of the
Code. 

  

	 	n)	 “Employee” means any person, including officers, consultants and Directors, employed by the
Company or any Parent or Subsidiary. A Service Provider shall not cease to be an Employee in the case of (i) any leave of absence approved by the Company or any Parent or Subsidiary, including sick leave, military leave, or any other personal
leave, or (ii) transfers between locations of the Company or between the Company or any Parent or Subsidiary, or any successor. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon
expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three (3) months following the 91st day of such leave, any Incentive Stock
Option held by the Optionee shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory Stock Option. Neither service as a Director nor payment of a director’s fee by the Company or any Parent
or Subsidiary shall be sufficient to constitute “employment” by the Company or any Parent or Subsidiary. 

  

	 	o)	 “[Intentionally left blank]” 

	 	p)	 “Exercise Price” means the amount for which one Share may be purchased upon exercise of an
Option, as specified by the Administrator in the applicable Option Agreement in accordance with Section 5 hereof. 

  

	 	q)	 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder. 

  

	 	r)	 “Fair Market Value” means, as of any date, the value of the Shares determined as follows:

  

	 	i.	 if the Shares are listed on any established stock exchange or a national market system, including, without
limitation, The Nasdaq Global Market or The Nasdaq Capital Market of The Nasdaq Stock Market, New York Stock Exchange and etc., the Fair Market Value shall be the closing sales price for the Shares (or the closing bid, if no sales were reported) as
quoted on such exchange or system on the day of determination; 

  

	 	ii.	 if the Shares are regularly quoted by a recognized securities dealer but selling prices are not reported, the
Fair Market Value shall be the mean of the high bid and low asked prices for the Shares on the day of determination; or 

  

	 	iii.	 in the absence of an established market for the Shares, the Fair Market Value thereof shall be determined in
good faith by the Administrator in accordance with Applicable Law. 

	 	s)	 “Hong Kong” means the Hong Kong Special Administrative Region of the People’s Republic of
China. 

  

	 	t)	 “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code, as designated in the applicable Option Agreement. 

  

	 	u)	 “Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock
Option, as designated in the applicable Option Agreement, or an Incentive Stock Option that does not so qualify. 

  

	 	v)	 “Option” means an option to purchase Shares that is granted pursuant to the Plan.

  

	 	w)	 “Option Agreement” means a written or electronic agreement between the Company and an
Optionee, the form(s) of which shall be approved from time to time by the Administrator, evidencing the terms and conditions of an individual Option granted under the Plan, and includes any documents attached to or incorporated into the Option
Agreement, including, but not limited to, a notice of option grant and a form of exercise notice. The Option Agreement shall be subject to the terms and conditions of the Plan. 

 

	 	x)	 “Optionee” means the holder of an outstanding Option granted under the Plan.

  

	 	y)	 “Plan” means this 2019 Share Option Plan, as amended from time to time. 

 

	 	z)	 “PRC” means the People’s Republic of China. 

	 	aa)	 “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. 

  

	 	bb)	 “Service Provider” means an Employee, Director, or Consultant. 

 

	 	cc)	 “Share” means an ordinary share of the Company. 

 

	 	dd)	 “ Share Award” means an award or issuance of Shares or stock appreciation rights other similar
awards made under Section 11 of the Plan, the grant, issuance, retention, vesting, settlement and/or transferability of which is subject during specified periods of time to such conditions (including continued employment or performance
conditions) and terms as are expressed in the agreement or other documents evidencing the Award (the “Share Option Agreement”). 

  

	 	ee)	 “Shareholders Agreement” means any agreement between an Awardee and the Company or members of
the Company or both. 

  

	 	ff)	 “Subsidiary” means a “subsidiary corporation” with respect to the Company, whether
now or hereafter existing, as defined in Section 424(f) of the Code. 
	 

  

	 	gg)	 “United States” means the United States of America, its territories and possessions, any State
of the United States, and the District of Columbia. 

  

	3.	 Shares Subject to the Plan. 

 

	 	a)	 Basic Limitation. Subject to the provisions of Section 12 hereof, the maximum aggregate number of
Shares that may be issued under the Plan shall not exceed 26,550,213 Shares (as appropriately adjusted for subsequent stock splits, stock dividends and the like). The Shares may be authorized but unissued or reacquired Shares. The number of Shares
that are subject to Awards outstanding under the Plan at any time shall not exceed the aggregate number of Shares that then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep
available sufficient Shares to satisfy the requirements of outstanding Awards granted under the Plan. 

	 	b)	 Additional Shares. If an Award expires, becomes unexercisable, or is cancelled, forfeited, or otherwise
terminated without having been exercised or settled in full, as the case may be, the Shares allocable to the unexercised portion of the Award shall again become available for future grant or sale under the Plan (unless the Plan has terminated).
Shares that actually have been issued under the Plan, upon exercise of an Option or delivery under a Share Purchase Right or Share Award, shall not be returned to the Plan and shall not become available for future distribution under the Plan, except
that in the event that Shares issued under the Plan are reacquired by the Company pursuant to any forfeiture provision, right of repurchase or redemption, or are retained by the Company upon the exercise of or purchase of Shares under an Award in
order to satisfy the Exercise Price or Purchase Price for the Award or any withholding taxes due with respect to the exercise or purchase, such Shares shall again become available for future grant under the Plan. 

	4.	 Administration of the Plan. 

 

	 	a)	 Administrator. The Plan shall be administered by the Board, a Committee appointed by the Board. Any
Committee of the Board shall be constituted to comply with Applicable Law. 

  

	 	b)	 Powers of the Administrator. Subject to the provisions of the Plan and, in the case of a Committee, the
specific duties delegated by the Board to such Committee, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its discretion: 

 

	 	i.	 to determine the Fair Market Value, in accordance with Section 2 hereof; 

 

	 	ii.	 to select the Awardees to whom Awards may from time to time be granted hereunder; 

 

	 	iii.	 to determine the number of Shares to be covered by each Award granted hereunder; 

 

	 	iv.	 to approve the form(s) of agreement for use under the Plan; 

 

	 	v.	 to determine the terms and conditions of any Award granted hereunder including, but not limited to, the
Exercise Price, the Purchase Price, the time or times when Options may be exercised (which may be based on performance criteria), the time or times when repurchase or redemption rights shall lapse, any vesting acceleration or waiver of forfeiture
restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine; 

	 	vi.	 to implement a program where (A) outstanding Awards are surrendered or cancelled in exchange for Awards of
the same type (which may have lower Exercise/Purchase Prices and different terms), Awards of a different type, or cash, or (B) the Exercise/Purchase Price of an outstanding Award is reduced, based in each case on terms and conditions determined
by the Administrator in its sole discretion; 

  

	 	vii.	 to prescribe, amend, and rescind rules and regulations relating to the Plan, including rules and regulations
relating to sub-plans established for the purpose of satisfying applicable laws of jurisdictions other than the United States; 

  

	 	viii.	 to allow Awardees to satisfy withholding tax obligations by electing to have the Company withhold from the
Shares to be issued under an Award that number of Shares having a Fair Market Value equal to the minimum amount required to be withheld. The Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be
withheld is to be determined. All elections by Awardees to have Shares withheld for this purpose shall be made in such form and under such conditions as the Administrator may deem necessary or advisable; 

 

	 	ix.	 to modify or amend each Award (subject to Section 13 hereof and Awardee consent if the modification or
amendment is to the Awardee’s detriment), including, without limitation, the discretionary authority to extend the post-termination exercisability of an Option longer than is otherwise provided for in an Option Agreement or accelerate the
vesting or exercisability of an Option; 

	 	x.	 to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; and

  

	 	xi.	 to make any other determination and take any other action that the Administrator deems necessary or desirable
for the administration of the Plan. 

  

	 	c)	 Delegation of Authority to Officers. Subject to Applicable Law, the Administrator may delegate limited
authority to specified officers of the Company to execute on behalf of the Company any instrument required to effect an Award previously granted by the Administrator. 

 

	 	d)	 Effect of Administrator’s Decision. All decisions, determinations, and interpretations of the
Administrator shall be final and binding on all Awardees. 

  

	 	e)	 Eligibility. Only Service Providers, or trusts or companies established in connection with any employee
benefit plan of the Company (including the Plan) for the benefit of a Service Provider, shall be eligible for the grant of Awards. Incentive Stock Options may be granted to Employees only. 

 

	5.	 Terms and Conditions of Options. 

 

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

	 	b)	 Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock
Option or a Nonstatutory Stock Option. However, notwithstanding a designation of an Option as an Incentive Stock Option, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable
for the first time by an Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds US$100,000, such Options shall be treated as Nonstatutory Stock Options. Incentive Stock Options shall be taken into
account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the Date of Grant. 

  

	 	c)	 Number of Shares. Each Option Agreement shall specify the number of Shares that are subject to the
Option and shall provide for the adjustment of such number in accordance with Section 10 hereof. 

  

	 	d)	 Exercise Price. Each Option Agreement shall specify the Exercise Price. The Exercise Price of an
Incentive Stock Option would be USD 0.01 or other Price of any Option that to be determined by the Administrator in its sole discretion. 

  

	 	e)	 Term of Option. The Option Agreement shall specify the term of the Option; provided, however, that the
term shall not exceed ten (10) years from the Date of Grant, and a shorter term may be required by Section 4(b) hereof. Subject to the preceding sentence, the Administrator in its sole discretion shall determine when an Option is to
expire. 

	 	f)	 Exercisability. Each Option Agreement shall specify the date when all or any installment of the Option
is to become exercisable. The exercisability provisions of any Option Agreement shall be determined by the Administrator in its sole discretion. 

  

	 	g)	 Exercise Procedure. Any Option granted hereunder shall be exercisable according to the terms hereof at
such times and under such conditions as may be determined by the Administrator and as set forth in the Option Agreement; provided, however, that an Option shall not be exercised for a fraction of a Share. 

 

	 	i.	 An Option shall be deemed exercised when the Company receives (A) written or electronic notice of exercise
(in accordance with the Option Agreement) from the person entitled to exercise the Option, (B) full payment for the Shares with respect to which the Option is exercised, and (C) all representations, indemnifications, and documents
reasonably requested by the Administrator including, without limitation, any Shareholders Agreement. Full payment may consist of any consideration and method of payment authorized by the Administrator in accordance with Section 8 hereof and
permitted by the Option Agreement. 

  

	 	ii.	 Shares issued upon exercise of an Option shall be issued in the name of the Optionee or, if requested by the
Optionee, in the name of the Optionee and his or her spouse. The Company shall issue (or cause to be issued) certificates evidencing the issued Shares promptly after the Option is exercised. Notwithstanding the foregoing, the Administrator in its
discretion may require the Company to retain possession of any certificate evidencing Shares acquired upon the exercise of an Option, if those Shares remain subject to repurchase or redemption under the provisions of the Option Agreement, any
Shareholders Agreement, or any other agreement between the Company and the Awardee, or if those Shares are collateral for a loan or obligation due to the Company. 

	 	iii.	 Exercise of an Option in any manner shall result in a decrease in the number of Shares thereafter available,
both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 

  

	 	h)	 Termination of Service (other than by death, retired and disability). If an Optionee ceases to be a
Service Provider for any reason other than because of death, retired and disability, then the Optionee’s Options shall expire on the expiration date specified in the Option Agreement. 

 

	 	i)	 Death, retired and disability of Optionee. Unless otherwise provided in the Option Agreement, if an
Optionee is death, retired and disability while a Service Provider, then the Optionee’s Option shall expire on the earlier of the following dates: 

  

	 	i.	 The expiration date determined by Section 5(e) hereof; 

 

	 	ii.	 The last day of the twelve-month period immediately following the Optionee’s death, retired and
disability, or such later date as the Administrator may determine and specify in the Option Agreement. 

	 	iii.	 All or part of the Optionee’s Option may be exercised at any time before the expiration of the Option as
set forth in Section 5 hereof by the executors or administrators of the Optionee’s estate or by any person who has acquired the Option directly from the Optionee by beneficiary designation, bequest, or inheritance, but only to the extent
that the Option was vested and exercisable as of the date of the Optionee’s death or had become vested and exercisable as a result of the death, retired and disability. The balance of the Shares subject to the Option shall be vested upon the
Optionee’s death, retired and disability. Any Optioned Shares subject to the portion of the Option that are vested as of the Optionee’s death, retired and disability but that are not purchased prior to the expiration of the Option pursuant
to this Section 5 shall be forfeited immediately following the Option’s expiration. 

  

	 	j)	 Resignation. 

Unless otherwise provided in the Option Agreement, if an Optionee is resignation while a Service Provider, then the Optionee’s Option
shall expire on the earlier of the following dates: 
  

	 	i.	 The expiration date determined by Section 5(e) hereof; 

 

	 	ii.	 The last day of the three-month period immediately following the Optionee’s resignation, or such later
date as the Administrator may determine and specify in the Option Agreement. 

	 	iii.	 All or part of the Optionee’s Option may be exercised at any time before the expiration of the Option as
set forth in Section 5 hereof by Optionee. The balance of the Shares subject to the Option shall be not vested upon the Optionee’s other Cause. 

  

	 	k)	 Other Cause of Optionee. 

Unless otherwise provided in the Option Agreement, if an Optionee is other Cause while a Service Provider, then the Optionee’s Option
shall expire on the earlier of the following dates: 
  

	 	i.	 The expiration date determined by Section 5(e) hereof; 

 

	 	ii.	 The last day of immediately following the Optionee’s other Cause, or such later date as the Administrator
may determine and specify in the Option Agreement. 

  

	 	iii.	 All or part of the Optionee’s Option may be exercised at any time before the expiration of the Option as
set forth in Section 5 hereof by Optionee. The balance of the Shares subject to the Option shall be not vested upon the Optionee’s other Cause. 

  

	 	l)	 Restrictions on Transfer of Shares: Shares issued upon exercise of an Option shall be subject to such
special forfeiture conditions, rights of repurchase or redemption, rights of first refusal, and other transfer restrictions as the Administrator may determine. The restrictions described in the preceding sentence shall be set forth in the applicable
Option Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. 

	6.	 Withholding Taxes. As a condition to the exercise of an Option, , the Awardee (or in the case of the
Awardee’s death or in the event of a permissible transfer of Awards hereunder, the person exercising the Option) shall make such arrangements as the Administrator may require for the satisfaction of any applicable withholding taxes arising in
connection with the exercise of an Option under the laws of any applicable jurisdiction including Hong Kong, the PRC, the U.S. and any other jurisdiction. The Awardee (or in the case of the Awardee’s death or in the event of a
permissible transfer of Awards hereunder, the person exercising the Option) also shall make such arrangements as the Administrator may require for the satisfaction of any applicable Hong Kong, PRC, U.S. federal, state, local, or non-PRC and non-U.S.
withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. The Company shall not be required to issue any Shares under the Plan until the foregoing obligations are satisfied. Without
limiting the generality of the foregoing, upon the exercise of the Option, the Company shall have the right to withhold taxes from any compensation or other amounts that the Company may owe to the Awardee, or to require the Awardee to pay to the
Company the amount of any taxes that the Company may be required to withhold with respect to the Shares issued to the Awardee. Without limiting the generality of the foregoing, the Administrator in its discretion may authorize the Awardee to satisfy
all or part of any withholding tax liability by (i) having the Company withhold from the Shares that would otherwise be issued upon the exercise of an Option, having a Fair Market Value, as of the date the withholding tax liability arises,
equal to the portion of the Company’s withholding tax liability to be so satisfied or (ii) by delivering to the Company previously owned and unencumbered Shares having a Fair Market Value, as of the date the withholding tax liability
arises, equal to the amount of the Company’s withholding tax liability to be so satisfied. 

	7.	 Payment for Shares. The consideration to be paid for the Shares to be issued under the Plan, including
the method of payment, shall be determined by the Administrator, subject to the provisions in this Section. 

  

	 	a)	 General Rule. The entire Purchase Price or Exercise Price (as the case may be) for Shares issued under
the Plan shall be payable in cash or cash equivalents at the time when the Shares are purchased. 

  

	 	b)	 Surrender of Shares. To the extent that an Option Agreement, so provides, all or any part of the
Exercise Price or Purchase Price (as the case may be) may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Awardee. These Shares shall be surrendered to the Company in good form for transfer and shall
be valued at their Fair Market Value on the date the Option is exercised. The Awardee shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price or Purchase Price (as the case may be) if this action would subject the
Company to adverse accounting consequences, as determined by the Administrator. 

	 	c)	 Exercise/Sale. At the discretion of the Administrator and to the extent an Option Agreement so
provides, and if the Shares are publicly traded, payment may be made all or in part by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or
part of the sales proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes. 

  

	 	d)	 Exercise/Pledge. At the discretion of the Administrator and to the extent an Option Agreement so
provides, and if the Shares are publicly traded, payment may be made all or in part by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as
security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes. 

 

	 	e)	 Other Forms of Consideration. At the discretion of the Administrator and to the extent an Option
Agreement, so provides, all or a portion of the Exercise Price or Purchase Price may be paid by any other form of consideration and method of payment to the extent permitted by Applicable Law. 

	8.	 Nontransferability of Awards. Unless otherwise determined by the Administrator and so provided in the
applicable Option Agreement, no Award shall be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner (whether by operation of law or otherwise) other than (i) by will or applicable laws of descent and distribution or
(except in the case of an Incentive Stock Option) pursuant to a qualified domestic relations order or (ii) by trusts or companies established in connection with any employee benefit plan of the Company (including the Plan) for the benefit of a
Service Provider or Service Providers, in each case subject to Applicable Law, and shall not be subject to execution, attachment, or similar process. In the event the Administrator in its sole discretion makes an Award transferable, only a
Nonstatutory Stock Option may be transferred provided such Award is transferred without payment of consideration to members of the Awardee’s immediate family (as such term is defined in Rule 16a-1(e) of the Exchange Act) or to trusts or
partnerships established exclusively for the benefit of the Awardee and the members of the Awardee’s immediate family, all as permitted by Applicable Law. Upon any attempt to pledge, assign, hypothecate, transfer, or otherwise dispose of any
Award or of any right or privilege conferred by this Plan contrary to the provisions hereof, or upon the sale, levy or attachment or similar process upon the rights and privileges conferred by this Plan, such Award shall thereupon terminate and
become null and void. Incentive Stock Options may be exercised during the lifetime of the Awardee only by the Awardee. 

  

	9.	 Rights as a Member. Until the Shares actually are issued (as evidenced by the appropriate entry on the
books of the Company or of a duly authorized transfer agent of the Company), no right to vote or any other rights as a member shall exist with respect to the Shares, notwithstanding the exercise of the Award. No adjustment shall be made for a
dividend or other right for which the record date is prior to the date the Shares are issued. 

	10.	 Adjustment of Shares. 

 

	 	a)	 Changes in Capitalization. Subject to any required action by the members of the Company in accordance
with Applicable Law, the class(es) and number and type of Shares that have been authorized for issuance under the Plan but as to which no Awards have yet been granted or that have been returned to the Plan upon cancellation or expiration of an
Award, and the class(es), number, and type of Shares covered by each outstanding Award, as well as the price per Share covered by each outstanding Award, shall be proportionately adjusted for any increase, decrease, or change in the number or type
of outstanding Shares or other securities of the Company or exchange of outstanding Shares or other securities of the Company into or for a different number or type of shares or other securities of the Company or successor entity, or for other
property (including, without limitation, cash) or other change to the Shares resulting from a share split, reverse share split, share dividend, dividend in property other than cash, combination of shares, exchange of shares, combination,
consolidation, recapitalization, reincorporation, reorganization, change in corporate structure, reclassification, or other distribution of the Shares effected without receipt of consideration by the Company; provided, however, that the conversion
of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” The adjustment contemplated in this Section 10(a) shall be made by the Board, whose determination shall be
final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of equity securities of the Company of any class, or securities convertible into equity securities of the Company of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number, type, or price of Shares subject to an Award. Where an adjustment under this Section is made to an Incentive Stock Option, the adjustment shall be made in a manner that will not
be considered a “modification” under the provisions of Section 424(h)(3) of the Code. 

	 	b)	 Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the
Administrator shall notify each Awardee as soon as practicable prior to the effective date of such proposed transaction. The Administrator in its discretion may provide for an Optionee to have the right to exercise his or her Option until fifteen
(15) days prior to the proposed dissolution or liquidation as to all of the Optioned Shares covered thereby, including Shares as to which the Option would not otherwise be exercisable. In addition, the Administrator may provide that any Company
repurchase or redemption option applicable to any Shares purchased upon exercise of an Option under a Share Purchase Right shall lapse as to all such Shares, provided the proposed dissolution or liquidation takes place at the time and in the manner
contemplated. To the extent an Option has not been previously exercised covered by a Share Purchase Right have not been purchased, the Award will terminate immediately prior to the consummation of such proposed action. 

	 	c)	 Change in Control. In the event of a Change in Control, unless the Option Agreement provides otherwise,
each outstanding Option shall be assumed or an equivalent option shall be substituted by, and each right of the Company to repurchase, redeem or reacquire Shares upon termination of a Purchaser’s relationship as a Service Provider shall be
assigned to, the successor corporation or a Parent or Subsidiary of the successor corporation. If, in the event of a Change in Control, the Option is not assumed or substituted, or the repurchase, redemption or reacquisition or similar right is not
assigned, in the case of an outstanding Option, the Option shall fully vest immediately and the Awardee shall have the right to exercise the Option as to all of the Optioned Shares, including Shares as to which it would not otherwise be vested or
exercisable. If an Option becomes fully vested and exercisable, in lieu of assumption or substitution in the event of a Change in Control, the Administrator shall notify the Optionee in writing or electronically that the Option shall be fully
exercisable for a period of fifteen (15) days from the date of such notice, and the Option shall terminate upon the expiration of such period. For purposes of this Section, an Option shall be considered assumed, following the Change in Control,
the Award confers the right to purchase or receive, for each covered Share immediately prior to the Change in Control, the consideration (whether shares, cash, or other securities or property) received in connection with the Change in Control by
holders of 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 the consideration received in the Change in Control is not solely common stock or ordinary shares of the successor corporation or its Parent or Subsidiary, the Administrator may, with the consent of the successor corporation, provide for the
consideration to be received upon the exercise of the Option , for each covered Share, to be solely common stock or ordinary shares of the successor corporation or its Parent or Subsidiary equal in Fair Market Value to the per Share consideration
received by holders of Shares in the Change in Control. 

	 	d)	 Reservation of Rights. Except as provided in the applicable Option Agreement, an Awardee shall have no
rights by reason of (i) any subdivision or consolidation of Shares or other securities of any class, (ii) the payment of any dividend, or (iii) any other increase or decrease in the number of Shares or other securities of any class.
Any issuance by the Company of equity securities of any class, or securities convertible into equity securities of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of
Optioned Shares. The grant of an Option, Share Purchase Right or Share Award shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, to
merge or consolidate or to dissolve, liquidate, sell, or transfer all or any part of its business or assets. 

  

	11.	 Date of Grant. The Date of Grant of an Award shall, for all purposes, be the date on which the
Administrator makes the determination to grant the Award, or such other later date as is determined by the Administrator; provided, however, that the Date of Grant of an Incentive Stock Option shall be no earlier than the date on which the Service
Provider becomes an Employee. 

	12.	 Securities Law Requirements. 

 

	 	a)	 Legal Compliance. Notwithstanding any other provision of the Plan or any agreement entered into by the
Company pursuant to the Plan, the Company shall not be obligated, and nor shall it have any liability for failure to deliver any Shares under the Plan unless the issuance and delivery of Shares comply with (or are exempt from) all Applicable Law,
including, without limitation, the applicable securities laws in the Cayman Islands, Hong Kong, PRC, Securities Act, U.S. state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the
Company’s securities may then be traded, and shall be further subject to the approval of counsel for the Company with respect to such compliance. 

  

	 	b)	 Investment Representations. Shares delivered under the Plan shall be subject to transfer restrictions,
and the person acquiring the Shares shall, as a condition to the exercise of an Option 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
Applicable Law, including, without limitation, the representation and warranty at the time of acquisition of Shares that the Shares are being acquired only for investment purposes and without any present intention to sell, transfer, or distribute
the Shares. 

	 	c)	 Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body
having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares
as to which such requisite authority shall not have been obtained. 

  

	 	d)	 Approval by Members. The Plan shall be subject to approval by the members of the Company within twelve
(12) months before or after the date the Plan is adopted by the Board. Such approval by members of the Company shall be obtained in the degree and manner required under Applicable Law. Awards may be granted but Options may not be exercised
prior to approval of the Plan by members of the Company. 

  

	13.	 Duration and Amendment. 

 

	 	a)	 Term of Plan. Subject to approval by members of the Company, the Plan shall become effective upon the
earlier to occur of its adoption by the Board or its approval by the members of the Company. In the event that the members of the Company fail to approve the Plan within 12 months prior to or after its adoption by the Board, any Awards that have
been granted and any Shares that have been awarded or purchased under the Plan shall be rescinded, and no additional Awards shall be granted thereafter. 

  

	 	b)	 Amendment and Termination. The Board may at any time amend, alter, suspend, or terminate the Plan.

  

	 	c)	 Approval by Members. The Board shall obtain approval of the members of any Plan amendment to the extent
necessary and desirable to comply with Applicable Law. 

	 	d)	 Effect of Amendment or Termination. No amendment, alteration, suspension, or termination
of the Plan shall materially and adversely impair the rights of any Awardee with respect to an outstanding Award, unless mutually agreed otherwise between the Awardee and the Administrator, which agreement must be in writing and signed by the
Awardee and the Company. Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. No Shares shall be
issued or sold under the Plan after the termination thereof, except upon exercise of an Award granted prior to the termination of the Plan. 

  

	14.	 No Retention Rights. Neither the Plan nor any Award shall confer upon any Awardee any right to continue
his or her relationship as a Service Provider with the Company for any period of specific duration or interfere in any way with his or her right or the right of the Company (or any Parent or Subsidiary employing or retaining the Awardee), which
rights are hereby expressly reserved by each, to terminate this relationship at any time, with or without cause, and with or without notice. 

  

	15.	 No Registration Rights. The Company may, but shall not be obligated to, register or qualify the sale of
Shares under the Securities Act or any other Applicable Law. The Company shall not be obligated to take any affirmative action in order to cause the sale of Shares under this Plan to comply with any law.

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