Document:

EX-10.3

 Exhibit 10.3 

AMENDMENT NO. 1 
 TO THE

 AMENDED AND RESTATED 

PLAYTIKA HOLDING CORP. RETENTION PLAN 

Effective October 8, 2020 

This Amendment No. 1 (this “Amendment”) to the Amended and Restated Playtika Holding Corp. Retention Plan (the
“Plan”), is made and adopted by Playtika Holding Corp., a Delaware corporation (the “Company”), and the holders of a majority of the outstanding Appreciation Units (as defined in the Plan) under the Plan, effective
as of the date set forth above (the “Effective Date”). Capitalized but undefined terms shall have the meanings provided in the Plan. 

WHEREAS, the Company has adopted the Plan and desires to amend the Plan as set forth in this Amendment. 

WHEREAS, pursuant to Section 8 of the Plan, the Plan may be amended with the approval of the holders of a majority of the outstanding
Appreciation Units. 
 NOW, THEREFORE, the Plan is hereby amended as follows: 

1. Section 2(n) of the Plan is hereby deleted in its entirety and amended to read as follows: 

“Change in Control Appreciation Pool” means (i) in the event of a Change in Control of the Company, an amount determined
as (A) 1.5% multiplied by (B) (1) the transaction valuation of the Company (taking into account all transaction costs) minus (2) $4,400,000,000, or (ii) in the event of a Change in Control of ListCo (or any other transaction
that constitutes a Change in Control but involves an entity that controls, directly or indirectly, the Company, other than Parent), an amount determined as (A) 1.5% multiplied by (B) (1) 12.0x the Company’s Adjusted EBITDA for the twelve
(12) month period ending on the last day of the calendar month preceding the calendar month in which the Change in Control occurs, calculated in a manner consistent with past practice, minus (2) $4,400,000,000.” 

2. This Amendment shall be and is hereby incorporated in and forms a part of the Plan. All other terms and provisions of the Plan shall remain
unchanged except as specifically modified herein. The Plan, as amended by this Amendment, is hereby approved and adopted. 
 (Signature Page
Follows) 

 IN WITNESS WHEREOF, the undersigned do hereby approve this Amendment. This Amendment
may be executed in counterparts, with each an original and all of which together shall constitute one and the same instrument. A signature or signatures delivered by facsimile or other electronic transmission shall be deemed to be an original
signature or signatures and shall be valid and binding to the same extent as if it was an original. 
 COMPANY: 

 

							
		 		 	 PLAYTIKA HOLDING CORP.
  

	Date: October 8, 2020	 		 	By:	 	 /s/ Craig Abrahams

		 		 	Name:	 	Craig Abrahams
		 		 	Title:	 	President and Chief Financial Officer

  

					
	HOLDERS OF A MAJORITY OF OUTSTANDING APPRECIATION UNITS:
			
	Date: October 8, 2020	  		 	 /s/ Robert Antokol

		  		 	Robert Antokol
			
	Date: October 8, 2020	  		 	 /s/ Craig Abrahams

		  		 	Craig Abrahams
			
	Date: October 8, 2020	  		 	 /s/ Michael Cohen

		  		 	Michael Cohen
			
	Date: October 8, 2020	  		 	 /s/ Arik Sandler

		  	                    	 	Arik Sandler

 [Signature Page to Amendment No. 1 to 

Amended and Restated Playtika Holding Corp. Retention Plan]EX-10.4

 Exhibit 10.4 

PLAYTIKA HOLDING CORP. 

RETENTION PLAN 

RETENTION AWARD AGREEMENT 

This Retention Award Agreement (the “Agreement”), dated as of ______ __, ____ (the “Grant Date”), is made by
and between Playtika Holding Corp. (the “Company”) and ______________ (“you” or the “Participant”). This Agreement is made under the terms of the Playtika Holding Corp. Retention Plan (as may
be amended from time to time, the “Plan”). Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Plan. 

1. Grant of Retention Award. The Company hereby grants to you a Retention Award of ____ Retention Units.
Your Retention Award (the “Award”), to the extent such Award is not forfeited, as provided under this Agreement and the Plan, shall confer upon you the right to receive a payment in each Annual Retention Pool in accordance with the
terms and conditions of this Agreement and the Plan. Your expected annual payment from each Annual Retention Pool is $______. 
 2.
Terms and Conditions of Retention Award. 
 (a) Subject to Section 2(b) below, you shall be eligible to
receive one or more payments in respect of your Award on the terms and conditions outlined in Sections 4 and 6 of the Plan. You acknowledge that a summary of the material terms of the Plan has been made available to you. 

(b) Notwithstanding anything to the contrary in Section 6(b) of the Plan, if you have a Termination of Service prior
to a Vesting Date as a result of (i) your termination by the Company other than for Cause, death or Disability or (ii) your resignation for Good Reason, you shall retain fifty percent (50%) of your Retention Units and be entitled to
receive a payment equal to fifty percent (50%) of the amount determined by multiplying (1) (A) your Retention Units as of the date of your Termination of Service divided by (B) the aggregate number of Retention Units outstanding and eligible
for payment as of the date of such termination, multiplied by (2) the portion of the Total Retention Pool that remains unpaid as of the date of such termination, which amount shall be paid to the Participant within sixty (60) days
following the date of such termination, subject to your execution and effectiveness of a general release of claims in a form prescribed by the Administrator (subject to reasonable approval by Parent), which release must become effective by its terms
within sixty (60) days following the date of your Termination of Service. The remaining fifty percent (50%) of your Retention Units will be forfeited. 

3. No Tax Advice. None of the Company, the Board or the Administrator has made any commitment or guarantee to you
that any federal, state or local tax treatment will (or will not) apply or be available to you, and you are in no manner relying on the Company, the Board, the Administrator or their representatives for an assessment of such tax treatment. You
acknowledge and agree that you have consulted with any tax consultants that you deem advisable 

 
in connection with this Award and that you are not relying on the Company, the Board, Administrator or any of their representatives for tax advice. 

4. Miscellaneous. 

(a) Administrator. The Administrator shall make all determinations under the Plan and this Agreement in the Administrator’s sole
discretion and all such determinations shall be final and binding on you and on all other persons having or claiming any interest in this Award. 

(b) No Right to Continued Service. Nothing in the Plan or this Agreement shall confer upon you any right to continue in the employment
or service of the Company or any of its Affiliates, or shall interfere with or restrict in any way the rights of the Company or any of its Subsidiaries or other Affiliates, or shall interfere with or restrict in any way the rights of the Company or
any of its Subsidiaries or other Affiliates, which rights are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written
agreement between the Participant and the Company or any of its Subsidiaries or other Affiliates. 
 (c) Successors and Assigns.
Subject to the limitations set forth in this Agreement, this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors and assigns of the parties hereto. 

(d) Severability. If any term, provision, covenant or condition of this Agreement is held by a court of competent jurisdiction to exceed
the limitations permitted by applicable law, then the provisions will be deemed reformed to the maximum limitations permitted by applicable law and the parties hereby expressly acknowledge their desire that in such event such action be taken. If for
any reason one or more of the provisions contained in this Agreement or in any other instrument referred to herein, shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, then to the maximum extent permitted by law,
such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any other such instrument. 
 (e)
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to any otherwise governing principles of conflicts of law. 

(f) Counterparts. This Agreement may be executed in any number of counterparts, any of which may be executed and transmitted (without
limitation) by facsimile or e-mail, and each of which shall be deemed to be an original, but all of which together shall be deemed to be one and the same instrument. 

(g) Entire Agreement; Amendments and Waivers. This Agreement, together with the Plan, constitutes the entire agreement among the parties
relating to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties. The Administrator may amend or terminate this Agreement at any time. No waiver of any
of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly provided. 

 (h) Incorporation of Plan. The Plan, as it may hereafter be amended, is incorporated
herein by reference and made a part of this Agreement and shall control the rights and obligations of the parties under this Agreement. Without limiting the generality of the foregoing or any other provision hereof, the provisions of the Plan are
hereby expressly incorporated into this Agreement as if first set forth herein and applicable to this Award. If any conflict arises between the Plan and this Agreement, the terms and conditions of the Plan shall prevail.  

[Signature Page Follows] 

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

			
	 PLAYTIKA HOLDING CORP.
  

	By:	 	  

		 	Name:
		 	Title:

 You hereby accept and agree to be bound by all of the terms and conditions of this Agreement. 

 

	
	 PARTICIPANT:
  

	  
 Name:

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