Document:

EX-10.3

 Exhibit 10.3 
 

 
  
  

 PERSONAL AND CONFIDENTIAL 

May 25, 2019 
 Louis Dorey 

 

	Re:	 Retention and Separation Plan 

Dear Louis: 
 As you know, American Midstream Partners, LP is in
the process of transition. We want you to know that your continued employment with American Midstream GP, LLC (the “Company”) through certain transition activities is very important. We are offering you this Retention and Separation
Plan (“Plan”) that will provide certain transition benefits in exchange for your continued employment and support of certain duties listed below through January 1, 2020 (the “Target Separation Date”), relating
to the substantial completion (as determined by the Company) of the take-private transaction and the ongoing divestitures by the Company and/or its subsidiaries. Unless your employment has terminated on an earlier date, your employment will
terminate automatically on the Target Separation Date. 
 1. Severance Eligibility. You will be entitled to receive the benefits outlined in
Section 2 of this letter if (i) you experience a Qualifying Termination Event (as defined below), (ii) you continue to faithfully perform your duties and remain in good standing with the Company and its subsidiaries
through the date of such Qualifying Termination Event (including supporting the go private transaction and the ongoing Company divestitures, and playing an Interim CEO role if requested by the Company), and (iii) you execute (and do not revoke)
the release described in Section 4 of this letter. 
  

	 	(a)	 Qualifying Termination Events: The term “Qualifying Termination Event” means that your
employment with the Company is terminated: 

  

	 	(i)	 (A) by the Company for any reason other than those enumerated in Paragraph (ii), below or by you for
Good Reason (as defined below), in each case, prior to the Target Separation Date, (B) automatically on the Target Separation Date, or (C) due to your death or disability prior to the Target Separation Date. 

 

	 	(ii)	 A Qualifying Termination Event shall not include any termination by the Company in circumstances in which you
have (A) engaged in willful misconduct in the performance of the duties required of you resulting in a material detriment to the Company; (B) unlawfully used (including being under the influence of) or possessed illegal drugs on the
Company’s (or any of its affiliate’s) premises or while performing your duties or responsibilities; (C) committed a material act of fraud or embezzlement against the Company, its affiliates, or any of their respective equityholders;
(D) been convicted of (or pleaded guilty or no contest to) a felony, other than a non-injury vehicular offence, that could be reasonably expected to reflect unfavorably and materially on the Company; or
(E) materially breached or violated any material provision of any agreement with the Company, or violated any material provision of any material Company written company policy. 

 

	 	(iii)	 As used in this Plan, “Good Reason” shall mean (A) a material adverse alteration in your
responsibilities, duties, authority, compensation or title, (B) your assignment to a principal office or work place located beyond a 50-mile radius of the Company’s Houston corporate offices, or
(C) the Company’s material breach of any provision of this Plan, in each case, without your written consent. 

  
  

2103 CityWest Blvd. Building #4, Suite 800, Houston, TX 77042 • Office: (346) 241-3400 • Fax: (713) 278-8870 

www.americanmidstream.com 

 

 
  
  

 2. Separation Benefits. Following a Qualifying Termination Event, you will receive the following
benefits: 
  

	 	(a)	 Cash Severance: Cash lump sum payment equal to (i) any accrued and unpaid salary and paid time off
through the date of termination, (ii) twelve (12) months’ base salary, (iii) your pro-rated current year annual cash bonus for the year of termination (current year annual target STIP is 75%),
plus (iv) $150,000 in the event that the Company asks and you accept taking on the Interim CEO position. For purposes of clause (iii) of this Section 2(a), your annual bonus will be calculated and pro-rated for the number of months worked during the calendar year as if all goals for a target bonus have been achieved (i.e., if you were terminated on July 1 of any year, your
pro-rated bonus amount would be 50% of annual target). Upon and effective the date this Plan, the Company will adjust your base monthly salary on the beginning of the following pay period to $29,166.67
(annualized at $350,000) to be in effect through the Target Separation Date. 

  

	 	(b)	 Long Term Incentive Awards: All phantom units or other long-term incentive awards that you hold as of
the date of this Plan shall be vested as of the date of a Qualifying Termination Event, provided that the Company will settle the vesting of any such awards in cash, rather than common units, at a settlement price of $5.25 per unit.

  

	 	(c)	 Cash Retention Award Associated with Time-Based Phantom Units: All unvested amounts of the
Company’s one-time $6 per unit cash retention bonus shall automatically vest. Unvested Phantom Units for the Cash Retention Bonus does not include Performance Units. 

 

	 	(d)	 COBRA: The Company agrees to provide you with a supplement to medical and dental benefits coverage under
COBRA, for a period of up to twelve (12) months from the date of the Qualifying Termination Event. Such coverage shall be included in and part of your maximum COBRA entitlement due to this qualifying event. You acknowledge and agree that you
will continue to be responsible for your portion of current premiums for yourself and any dependent coverage elected under COBRA.1 In the event you fail elect COBRA continuation coverage or to
timely pay your portion of the above premiums, the Company shall be entitled to cancel the employer’s portion of your coverage under COBRA due to your nonpayment. Notwithstanding anything to the contrary herein, the Company may modify the
continuation coverage contemplated herein to the extent reasonably necessary to avoid the imposition of any excise taxes on the Company for failure to comply with the nondiscrimination requirements of the Patient Protection and Affordable Care Act
of 2010, as amended, and/or the Health Care and Education Reconciliation Act of 2010, as amended (to the extent applicable). 

 3.
Timing and Calculation of Payment; Withholding. The cash amounts described above will be paid no later than the Company’s next regularly scheduled payroll date following the “Effective Date” (as defined in Exhibit A); provided,
that such payments will be paid to you no later than March 15, 2020. References to “base salary” shall be understood to refer to your base salary in effect at time of termination. The Company may withhold all federal, state, city or
other taxes as may be required to be withheld pursuant to any law or governmental regulation or ruling. 
  

  
  

2103 CityWest Blvd. Building #4, Suite 800, Houston, TX 77042 • Office: (346) 241-3400 • Fax: (713) 278-8870 

www.americanmidstream.com 

 

 
  
  

 4. Release. Upon any Qualifying Termination Event, you will execute a separation and release agreement
in the form attached as Exhibit A. If you do not execute such separation and release agreement, or you revoke the separation and release agreement following its execution, you will not be entitled to receive any separation payments or
benefits under this Plan. If the period of time for you to consider the release begins in one calendar year and ends in the next calendar year, the payments provided herein will be made in the second calendar year even if you execute the release and
such release becomes irrevocable in the first calendar year. 
 5. Complete Plan. This Plan, including Exhibit A attached hereto, embodies the
complete agreement and understanding between the parties with respect to the subject matter hereof and effective as of its date supersedes and preempts any prior understandings, agreements or representations by or between the parties, written or
oral, which may have related to the subject matter hereof in any way. 
 6. Code Section 409A. The intent of the parties is that
payments and benefits under this Plan comply with Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum
extent permitted, this Plan shall be interpreted to be in compliance therewith. Whenever a payment under this Plan specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within
the sole discretion of the Company. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on you by Code Section 409A or damages for failing to comply with Code Section 409A.

 Please be aware that this letter agreement does not constitute an offer or guarantee of employment with the Company or any of its subsidiaries. Please
indicate your agreement to the terms set forth herein by executing this letter in the space provided below. 
  

			
	Very truly yours,
	
	American Midstream Partners, LP
	By its general partner, American Midstream GP, LLC
		
	By:	 	 /s/ Eric T. Kalamaras

	Name:	 	Eric T. Kalamaras
	Date:	 	May 25, 2019

  

			
	Accepted and Agreed:
		
	By:	 	 /s/ Louis J. Dorey

	Name:	 	Louis J. Dorey
	Date:	 	May 25, 2019

  
  

2103 CityWest Blvd. Building #4, Suite 800, Houston, TX 77042 • Office: (346) 241-3400 • Fax: (713) 278-8870 

www.americanmidstream.com 

 

 
  
  

 Exhibit A 

SEPARATION AGREEMENT AND RELEASE2 

THIS SEPARATION AGREEMENT AND RELEASE (“Separation Agreement’’) is entered into by and between American Midstream
Partners GP, LLC (the “Company’’) and Louis Dorey (“Employee”). 
 In consideration of the mutual promises set
forth in this Separation Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Employee agree as follows: 

1. Termination of Employment. Employee’s employment with the Company is terminated as of [ ]. 

2. Severance Payment. In exchange for Employee’s commitments as outlined in this Separation Agreement, including but
not limited to Employee’s release of claims, the Company shall pay Employee the separation payments and benefits provided for and described in Section 2 of that certain Retention and Separation Plan dated May __, 2019, by and between the
Employee and the Company (the “Plan”), less applicable federal, state, and local withholdings, taxes and any other deductions required by law (the “Severance Payments”) no later than the Company’s next regularly scheduled
payroll date following the Effective Date of this Separation Agreement. 
 Employee expressly acknowledges that the Severance Payments above
serves as adequate consideration for the Employee’s release of claims and other commitments set forth in this Separation Agreement. 

3. General Release. In exchange for the mutual promises set forth in this Separation Agreement (including the Severance
Payment outlined in Section 2 above), Employee, on behalf of Employee and Employee’s agents, heirs, administrators, executors, assignors, assigns and anyone acting or claiming to act on Employee’s or their joint or several behalf,
does hereby irrevocably and unconditionally release and forever discharge the Company together with its parents, subsidiaries, affiliates, partners, joint venturers, predecessor and successor corporations and business entities, past, present and
future, and its and their agents, directors, officers, board members, employees, shareholders, insurers and reinsurers, representatives, attorneys, assigns, employee benefit plans (and the trustees or other individuals affiliated with such plans)
and other representatives, and anyone acting on their joint or several behalf, past, present, and future (collectively the “Released Parties”). of and from any and all claims, complaints, demands, costs, expenses, grievances, obligations,
liabilities, actions and causes of action of whatever kind and character in law or in equity, whether known or unknown, through the date upon which Employee and Company each executes this Separation Agreement, including (but not limited to) any
claims under Title VII of the Civil Rights Act of 1964, Section 1981 of the Civil Rights Act of 1870, the Age Discrimination in Employment Act (as more fully explained in Section 4 below), the Americans with Disabilities Act, the Fair
Labor Standards Act, the Employee Retirement Income Security Act, the Family and Medical Leave Act, the Texas Commission on Human Rights Act, the Texas Payday Law, other provisions of the Texas Labor Code and any other applicable federal, tribal,
state, or local constitutional, statutory or common law claims, including (but not limited to) any claims based upon implied or express contract, wages or benefits owed, covenants of fair dealing and good faith, wrongful discharge, negligence,
assault, battery, public policy, intentional infliction of emotional distress, retaliation or defamation. It is the express intent of Employee to enter into this full and final release of any and all claims, whether known or unknown, against any of
the Released Parties whatsoever through the date upon which Employee and Company each executes this Separation Agreement. 
  

 

	2 	 NTD: To be revised if reasonably required for updates in law between the date the Plan is executed and the
employment termination date. 

  
  

2103 CityWest Blvd. Building #4, Suite 800, Houston, TX 77042 • Office: (346) 241-3400 • Fax: (713) 278-8870 

www.americanmidstream.com 

 

 
  
  

 4. Release of Age Discrimination in Employment Claims. Employee
understands that the release set forth in Section 3 includes a release of any claims the Employee may have under the Age Discrimination in Employment Act (“ADEA”), 29 U.S.C. § 621 et seq., against any of the Released
Parties that may have existed on or prior to the date upon which Employee executes this Separation Agreement. Employee understands that the ADEA is a federal statute that prohibits discrimination on the basis of age. Employee wishes to waive any and
all claims under the ADEA that Employee may have against any of the Released Parties as of the date upon which Employee executes this Separation Agreement, and hereby waives such claims. Employee understands that any claims under the ADEA that may
arise after the date this Separation Agreement is executed by Employee are not waived. Employee acknowledges that the Employee is receiving consideration for the waiver of any and all claims under the ADEA to which the Employee is not already
entitled. 
 Employee, pursuant to and in compliance with the rights afforded the Employee under the Older Worker Benefit Protection Act:
(a) is advised to consult with an attorney before executing this Separation Agreement; (b) has, at the Employee’s option, [twenty-one (21)][forty-five (45)] days to consider this Separation
Agreement; (c) may revoke this Separation Agreement at any time within the seven (7) day period following Employee’s execution of this Separation Agreement (the “Revocation Period”); (d) is advised that this Separation
Agreement shall not become effective or enforceable until the Revocation Period has expired; and (e) is advised that the Employee is not waiving claims that may arise after the date on which the Employee executes this Separation Agreement. 

Employee may revoke this Separation Agreement by delivering a written notice of revocation to Christine Miller, Associate General Counsel,
ArcLight Capital Partners, LLC, Boston, MA 02116 or by email at cmiller@arclightcapital.com For this revocation to be effective, such written notice must be received by such person, at the address set forth above no later than the close of
business on the seventh (7th) day after Employee signs this Separation Agreement. If this Separation Agreement is not revoked within the Revocation Period, this Separation Agreement will become effective and enforceable on the date immediately
following the last day of Revocation Period (the “Effective Date”). Employee understands and acknowledges that if the Employee revokes this Separation Agreement within the Revocation Period, Employee will not receive the Severance Payment.

 5. Exceptions to Release. Excluded from the release contained in Sections 3 and 4 are any claims that arise after
the date that Employee signs this Separation Agreement and any other claims that cannot be waived by law, including (but not limited to) the right to file a charge with, or participate in, an investigation conducted by any government agency, such as
the United States Department of Labor, the Equal Employment Opportunity Commission, or the National Labor Relations Board. Employee acknowledges, however, that the Employee is waiving the right to any monetary recovery or relief in connection with
any charge or investigation or to file an individual or class action lawsuit against any Released Party. Employee and the Company acknowledge and agree that nothing in this Separation Agreement prevents Employee from instituting any action to
challenge the validity of the release under the ADEA, to enforce the terms of this Separation Agreement, or from enforcing rights, if any, under ERISA to recover any vested retirement benefits, or benefits under any group health or welfare benefit
plans. Also excluded from the release contained in Section 3 and 4 are any rights or claims of Employee to the Separation Payments or to enforce the Plan. 

  
  

2103 CityWest Blvd. Building #4, Suite 800, Houston, TX 77042 • Office: (346) 241-3400 • Fax: (713) 278-8870 

www.americanmidstream.com 

 

 
  
  

 6. Return of Company Property. Employee affirms that the Employee has
returned to the Company all property of the Company in Employee’s possession or control, including without limitation all records, electronic devices, paper and electronic files, documents, software programs, and copies thereof, pertaining to
the business of the Company, which records, files, documents and programs may constitute trade secrets and proprietary information belonging solely to the Company. Employee may not retain copies of any such records, files, documents or programs, and
hereby relinquishes and assigns to the Company, as applicable, any and all rights, if any, that Employee may have in any such records, files, documents or programs. 

7. Non-disparagement. Employee agrees that Employee will not disparage the
Released Parties or their products, services, agents, representatives, directors, officers, shareholders, attorneys, employees, vendors, affiliates, successors or assigns, or any person acting by, through, under or in concert with any of them, with
any written or oral statement. The foregoing shall not be violated by truthful statements in response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions
in connection with such proceedings). 
 8. No Admission of Wrongful Conduct. Employee hereby acknowledges and agrees
that, by the Company providing the consideration described above and entering into this Separation Agreement, neither the Company nor any of the other Released Parties is admitting any unlawful or otherwise wrongful conduct or liability to Employee
or Employee’s heirs, executors, administrators, assigns, agents, or other representatives. 
 9. No Reemployment or Future
Association. Employee hereby agrees that the Employee shall not seek reinstatement or reapply for future employment with the Company. If Employee seeks reinstatement or reapplies for employment in violation of this Section 10,
the Company shall not incur any liability by virtue of its refusal to hire Employee or consider Employee for employment. 
 10.
Taxes. The Company may withhold from any amounts payable under this Separation Agreement all federal, state, city or other taxes that the Company determines it is legally required to withhold pursuant to any applicable law,
regulation or ruling. Notwithstanding any other provision of this Separation Agreement, the Company shall not be obligated to guarantee any particular tax result for Employee with respect to any payment provided to Employee hereunder, and Employee
shall be solely responsible for any taxes imposed on Employee with respect to any such payment. 
 11. Governing Law.
This Separation Agreement shall in all respects be interpreted, construed and governed by and in accordance with the internal substantive laws of the State of Texas, without regard to its conflict of law rules. 

12. Forum Selection. Employee and the Company agree that the exclusive venue for any action arising from or relating to
this Separation Agreement shall be in a court of competent jurisdiction in Harris, Texas. Employee submits to the personal jurisdiction of such courts; consents to service of process in connection with any action, suit or proceeding against
Employee; and waives any other requirement (whether imposed by statute, rule of court or otherwise) with respect to personal jurisdiction, venue or service of process. 

13. No Waiver for Failure to Enforce. The failure by any party to this Separation Agreement to enforce at any time, or for
any period of time, any one or more of the terms or conditions of this Separation Agreement shall not be a waiver of such terms or conditions of this Separation Agreement or of such party’s right thereafter to enforce each and every term and
condition of this Separation Agreement. 
 14. Severability. If any clause, sentence, provision, section or part of this
Separation Agreement for any reason whatsoever be adjudged by any court of competent jurisdiction, or be held by any other competent authority having jurisdiction, to be invalid, unenforceable, or illegal, such judgment or holding shall not affect,
impair, or invalidate the remainder of this Separation Agreement, but shall be confined in its operation to the clause, sentence, provisions, section, or part of this Separation Agreement directly involved, and the remainder of this Separation
Agreement shall remain in full force and effect. 
  

  
  

2103 CityWest Blvd. Building #4, Suite 800, Houston, TX 77042 • Office: (346) 241-3400 • Fax: (713) 278-8870 

www.americanmidstream.com 

 

 
  
  

 15. Entire Agreement. This Separation Agreement and Employee’s
Retention and Separation Plan constitutes the entire agreement between the Company and Employee with respect to the subject matter herein. Except with regards to any other confidentiality, non-competition,
special bonus payments under the Employee’s Employment Agreement, or other non-solicitation agreements entered into by Employee, which shall remain in full force and effect, or as otherwise provided
herein, this Separation Agreement and Employee’s Retention and Separation Plan supersedes and preempts any prior understandings, agreements or representations by or between the parties, written or oral, and there are no other written or oral
agreements, understandings, or arrangements. Any amendments, additions or other modifications to this Separation Agreement must be done in writing, signed by both parties. 

16. Successors and Assigns. This Separation Agreement shall bind and inure to the benefit of and be enforceable by
Employee and the Company and their respective heirs, executors, personal representatives, successors and assigns, except that Employee may not assign this Separation Agreement or any of the rights or obligations hereunder without the prior written
consent of the Company. Any attempted assignment by Employee in violation of this Section 17 shall be void. 
 17. Voluntary
Execution. Employee acknowledges that the Employee is executing this Separation Agreement voluntarily and of Employee’s own free will and that Employee fully understands and intends to be bound by the terms of this Separation
Agreement. Further, Employee acknowledges that Employee has an opportunity to carefully review this Separation Agreement with the Employee’s attorney prior to executing it or warrants that the Employee chooses not to have their attorney review
this Separation Agreement. Employee acknowledges that the Employee is responsible for any attorneys’ fees incurred in connection with the review of this Separation Agreement by the Employee’s attorneys. 

18. Receipt of Separation Agreement. Employee received this Separation Agreement on or before May __, 2019. The
Company’s offer to enter into this Separation Agreement expires on [Day/Date], 2019, which is [twenty-one (21)][forty-five (45)] days from the date of receipt. 

IN WITNESS WHEREOF, Employee and a duly authorized representative of the Company certify that the Employee has read this Separation Agreement in its
entirety and voluntarily executed it, as of the date set forth under their respective signatures. 
  

							
	EMPLOYEE	 		 	AMERICAN MIDSTREAM PARTNERS GP, LLC
				
		 		 	By:	 	  

	  
 Louis Dorey
	 		 	Name:	 	  

		 		 	Title:	 	  

	  
 Date
	 		 	  

		 		 	Date	 	

  
  

2103 CityWest Blvd. Building #4, Suite 800, Houston, TX 77042 • Office: (346) 241-3400 • Fax: (713) 278-8870 

www.americanmidstream.comEX-10.1

 Exhibit 10.1 

UROGEN PHARMA LTD. 

2019 INDUCEMENT PLAN 

ADOPTED BY THE BOARD OF DIRECTORS:
MAY 21, 2019 
  

	1.	 GENERAL. 

(a) Eligible Award Recipients. The only persons eligible to receive grants of Awards under this Plan are
individuals who satisfy the standards for inducement grants under NASDAQ Marketplace Rule 5635(c)(4) or 5635(c)(3), if applicable, and the related guidance under NASDAQ IM 5635-1. A person who previously
served as an Employee or Director will not be eligible to receive Awards under the Plan, other than following a bona fide period of non-employment. Persons eligible to receive grants of Awards under
this Plan are referred to in this Plan as “Eligible Employees.” These Awards must be approved by either a majority of the Company’s “Independent Directors” (as such term is defined in NASDAQ
Marketplace Rule 5605(a)(2)) or the Company’s compensation committee, provided such committee comprises solely Independent Directors (the “Independent Compensation Committee”) in order to comply with the exemption from
the stockholder approval requirement for “inducement grants” provided under Rule 5635(c)(4) of the NASDAQ Marketplace Rules. NASDAQ Marketplace Rule 5635(c)(4) and the related guidance under NASDAQ IM
5635-1 (and any analogous rules or guidance effective after the date hereof) are referred to in this Plan as the “Inducement Award Rules.” An Israeli
Sub-Plan has been established under the Plan in order to provide for additional terms for grants made to Participants in Israel. 

(b) Available Awards. The Plan provides for the grant of the following types of Awards: (i) Nonstatutory
Stock Options, (ii) Restricted Stock Unit Awards and (iii) Other Stock Awards. 
 (c) Purpose. This
Plan, through the granting of Awards, is intended to provide (i) an inducement material for certain individuals to enter into employment with the Company within the meaning of Rule 5635(c)(4) of the NASDAQ Marketplace Rules,
(ii) incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate and (iii) a means by which Eligible Employees may be given an opportunity to benefit from increases in value of the Ordinary Shares
through the granting of Awards. 
  

	2.	 ADMINISTRATION. 

(a) Administration by Board. The Board will administer the Plan; provided, however, that Awards may only be
granted by either (i) a majority of the Company’s Independent Directors or (ii) the Independent Compensation Committee. Subject to those constraints and the other constraints of the Inducement Award Rules, the Board may delegate some
of its powers of administration of the Plan to a Committee, as provided in Section 2(c). 
 (b) Powers of
Board. The Board will have the power, subject to, and within the limitations of, the express provisions of the Plan and the Inducement Award Rules: 

  
 1. 

 (i) To determine: (A) who will be granted Awards; (B) when
and how each Award will be granted; (C) what type of Award will be granted; (D) the provisions of each Award (which need not be identical), including when a person will be permitted to exercise or otherwise receive cash or Ordinary Shares
under the Award; (E) the number of Ordinary Shares subject to, or the cash value of, an Award; and (F) the Fair Market Value applicable to an Award; provided, however, that Awards may only be granted by either (i) a majority of the
Company’s Independent Directors or (ii) the Independent Compensation Committee. 
 (ii) To construe and
interpret the Plan and Awards granted under it, and to establish, amend and revoke rules and regulations for administration of the Plan and Awards. The Board, in the exercise of these powers, may correct any defect, omission or inconsistency in the
Plan or in any Award Agreement, in a manner and to the extent it will deem necessary or expedient to make the Plan or Award fully effective. 

(iii) To settle all controversies regarding the Plan and Awards granted under it. 

(iv) To accelerate, in whole or in part, the time at which an Award may be exercised or vest (or at which cash or
Ordinary Shares may be issued). 
 (v) To suspend or terminate the Plan at any time. Except as otherwise provided in
the Plan or an Award Agreement, suspension or termination of the Plan will not materially impair a Participant’s rights under the Participant’s then-outstanding Award without the Participant’s written consent. 

(vi) To amend the Plan in any respect the Board deems necessary or advisable, including, without limitation, by adopting
amendments relating to nonqualified deferred compensation under Section 409A of the Code and/or to bring the Plan or Awards granted under the Plan into compliance therewith, subject to the limitations, if any, of applicable law. If required by
applicable law or listing requirements (taking into account any permissible and effective opting out by the Company from such requirements), and except as provided in Section 9(a) relating to Capitalization Adjustments, the Company shall seek
stockholder approval for any amendment of the Plan. Except as provided above, rights under any Award granted before amendment of the Plan shall not be impaired by any amendment of the Plan unless (1) the Company requests the consent of the
affected Participant, and (2) such Participant consents in writing. 
 (vii) To submit any amendment to the Plan
for stockholder approval, including, but not limited to, amendments to the Plan intended to satisfy the requirements of Rule 16b-3 of Exchange Act or any successor rule. 

(viii) To approve forms of Award Agreements for use under the Plan and to amend the terms of any one or more outstanding
Awards. Except as otherwise provided in the Plan or an Award Agreement, no amendment of an outstanding Award will materially impair that Participant’s rights under his or her outstanding Award without his or her written consent. To be clear,
unless prohibited by applicable law, the Board may amend the terms of an Award without the affected Participant’s consent if necessary (A) to clarify the manner of exemption from, or to bring the Award into compliance with,
Section 409A of the Code, or (B) to comply with other applicable laws or listing requirements. 

  
 2. 

 (ix) Generally, to exercise such powers and to perform such acts as
the Board deems necessary or expedient to promote the best interests of the Company and that are not in conflict with the provisions of the Plan or Awards. 

(x) To adopt such procedures and sub-plans as are necessary or appropriate to
permit participation in the Plan by individuals who are foreign nationals or employed outside the United States. 

(c) Delegation to Committee. The Board may delegate some or all of the administration of the Plan to a
Committee or Committees. If administration of the Plan is delegated to a Committee, the Committee will have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been delegated to the Committee,
including the power to delegate to a subcommittee of the Committee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board will thereafter be to the Committee or subcommittee, as
applicable). Any delegation of administrative powers will be reflected in resolutions, not inconsistent with the provisions of the Plan, adopted from time to time by the Board or Committee (as applicable). The Board may retain the authority to
concurrently administer the Plan with the Committee and may, at any time, revest in the Board some or all of the powers previously delegated. 

(d) Effect of Board’s Decision. All determinations, interpretations and constructions made by
the Board in good faith will not be subject to review by any person and will be final, binding and conclusive on all persons. 

(e) Repricing; Cancellation and Re-Grant of Awards. Neither the Board nor
any Committee will have the authority to: (i) reduce the exercise, purchase or strike price of any outstanding Option, or (ii) cancel any outstanding Option that has an exercise price or strike price greater than the current Fair Market
Value of an Ordinary Share in exchange for cash or other Awards under the Plan, unless the stockholders of the Company have approved such an action within twelve (12) months prior to such an event. 

 

	3.	 SHARES SUBJECT TO THE PLAN.

 (a) Share Reserve. Subject to Section 9(a) relating to Capitalization
Adjustments, the aggregate number of Ordinary Shares that may be issued pursuant to Awards from and after the Effective Date shall not exceed 900,000 shares. Shares may be issued under the terms of this Plan in connection with a merger or
acquisition as permitted by NASDAQ Marketplace Rule 5635(c)(3), NYSE Listed Company Manual Section 303A.08, AMEX Company Guide Section 711 or other applicable rule, and such issuance will not reduce the number of shares available for
issuance under the Plan. 
 (b) Reversion of Shares to the Share Reserve. If an Award or any portion thereof
(i) expires or otherwise terminates without all of the shares covered by such Award having been issued or (ii) is settled in cash (i.e., the Participant receives cash rather than stock), such expiration, termination or settlement
will not reduce (or otherwise offset) the number of Ordinary 

  
 3. 

 
Shares that may be available for issuance under the Plan and the Ordinary Shares relating to such Award (or portion thereof) will again become available for issuance under the Plan. If any
Ordinary Shares issued pursuant to an Award are forfeited back to or repurchased by the Company because of the failure to meet a contingency or condition required to vest such shares in the Participant, then the shares that are forfeited or
repurchased will revert to and again become available for issuance under the Plan. Any shares reacquired by the Company in satisfaction of tax withholding obligations on an Award or as consideration for the exercise or purchase price of an Award
will again become available for issuance under the Plan.  
 (c) Source of Shares. The stock issuable
under the Plan will be shares of authorized but unissued or reacquired Ordinary Shares, including shares repurchased by the Company on the open market or otherwise. 
  

	4.	 ELIGIBILITY. 

(a) Eligibility for Awards. Awards may only be granted to persons who are Eligible Employees described in
Section 1(a) of the Plan, where the Award is an inducement material to the individual’s entering into employment with the Company or an Affiliate within the meaning of Rule 5635(c)(4) of the NASDAQ Marketplace Rules or is otherwise
permitted pursuant to Rule 5635(c) of the NASDAQ Marketplace Rules, provided however, that Awards may not be granted to Eligible Employees who are providing Continuous Service only to any “parent” of the Company, as such term is
defined in Rule 405 of the Securities Act, unless (i) the stock underlying such Awards is treated as “service recipient stock” under Section 409A of the Code (for example, because the Awards are granted pursuant to a
corporate transaction such as a spin off transaction), or (ii) the Company, in consultation with its legal counsel, has determined that such Awards are otherwise exempt from or comply with the distribution requirements of Section 409A of
the Code. 
 (b) Approval Requirements. All Awards must be granted either by a majority of the Company’s
independent directors or the Independent Compensation Committee. 
  

	5.	 PROVISIONS RELATING TO OPTIONS.

 Each Option will be in such form and will contain such terms and conditions as the Board deems
appropriate. All Options will be Nonstatutory Stock Options. The provisions of separate Options need not be identical; provided, however, that each Award Agreement will conform to (through incorporation of provisions hereof by reference in
the applicable Award Agreement or otherwise) the substance of each of the following provisions: 
 (a) Term. No
Option will be exercisable after the expiration of 10 years from the date of its grant or such shorter period specified in the Award Agreement. 

(b) Exercise Price. The exercise or strike price of each Option will not be less than 100% of the Fair Market
Value of the Ordinary Shares subject to the Option on the date the Option is granted. Notwithstanding the foregoing, an Option may be granted with an exercise price lower than 100% of the Fair Market Value of the Ordinary Shares subject to the
Option if such Option is granted pursuant to an assumption of or substitution for another option pursuant to a Corporate Transaction and in a manner consistent with the provisions of Section 409A of the Code.

  
 4. 

 (c) Purchase Price for Options. The purchase price of Ordinary
Shares acquired pursuant to the exercise of an Option may be paid, to the extent permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment set forth below. The Board will have the
authority to grant Options that do not permit all of the following methods of payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to use a particular method of payment. The
permitted methods of payment are as follows: 
 (i) by cash, check, bank draft or money order payable to the Company;

 (ii) pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to
the issuance of the stock subject to the Option, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds; 

(iii) by delivery to the Company (either by actual delivery or attestation) of Ordinary Shares; 

(iv) by a “net exercise” arrangement pursuant to which the Company will reduce the number of Ordinary Shares
issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company will accept a cash or other payment from the Participant to the
extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued. Ordinary Shares will no longer be subject to an Option and will not be exercisable thereafter to the extent
that (A) shares issuable upon exercise are reduced to pay the exercise price pursuant to the “net exercise,” (B) shares are delivered to the Participant as a result of such exercise, and (C) shares are withheld to satisfy tax
withholding obligations; or 
 (v) in any other form of legal consideration that may be acceptable to the Board and
specified in the applicable Award Agreement. 
 (d) Transferability of Options. The Board may, in its sole
discretion, impose such limitations on the transferability of Options as the Board will determine. In the absence of such a determination by the Board to the contrary, the following restrictions on the transferability of Options will apply: 

(i) Restrictions on Transfer. An Option will not be transferable except by will or by the laws of descent and
distribution (or pursuant to subsections (ii) and (iii) below), and will be exercisable during the lifetime of the Participant only by the Participant. The Board may permit transfer of the Option in a manner that is not prohibited by applicable
tax and securities laws. Except as explicitly provided herein, an Option may not be transferred for consideration. 

  
 5. 

 (ii) Domestic Relations Orders. Subject to the approval of the
Board or a duly authorized Officer, an Option may be transferred pursuant to the terms of a domestic relations order or official marital settlement agreement or other divorce or separation instrument. 

(iii) Beneficiary Designation. Subject to the approval of the Board or a duly authorized Officer, a Participant
may, by delivering written notice to the Company, in a form approved by the Company (or the designated broker), designate a third party who, on the death of the Participant, will thereafter be entitled to exercise the Option and receive the Ordinary
Shares or other consideration resulting from such exercise. In the absence of such a designation, the executor or administrator of the Participant’s estate will be entitled to exercise the Option and receive Ordinary Shares or other
consideration resulting from such exercise. However, the Company may prohibit designation of a beneficiary at any time, including due to any conclusion by the Company that such designation would be inconsistent with the provisions of applicable
laws. 
 (e) Vesting Generally. The total number of Ordinary Shares subject to an Option may vest and become
exercisable in periodic installments that may or may not be equal. The Option may be subject to such other terms and conditions on the time or times when it may or may not be exercised (which may be based on the satisfaction of performance goals or
other criteria) as the Board may deem appropriate. The vesting provisions of individual Options may vary. The provisions of this Section are subject to any Option provisions governing the minimum number of Ordinary Shares as to which an Option may
be exercised. 
 (f) Termination of Continuous Service. Except as otherwise provided in the applicable Award
Agreement or other agreement between the Participant and the Company, if a Participant’s Continuous Service terminates (other than for Cause and other than upon the Participant’s death or Disability), the Participant may exercise his or
her Option (to the extent that the Participant was entitled to exercise such Award as of the date of termination of Continuous Service) within the period of time ending on the earlier of (i) the date three months following the termination of
the Participant’s Continuous Service and (ii) the expiration of the term of the Option as set forth in the Award Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Option within the
applicable time frame, the Option will terminate. 
 (g) Extension of Termination Date. If the exercise of an
Option following the termination of the Participant’s Continuous Service (other than for Cause and other than upon the Participant’s death or Disability) would be prohibited at any time solely because the issuance of Ordinary Shares would
violate the registration requirements under the Securities Act, then the Option will terminate on the earlier of (i) the expiration of a total period of three months (that need not be consecutive) after the termination of the Participant’s
Continuous Service during which the exercise of the Option would not be in violation of such registration requirements, and (ii) the expiration of the term of the Option as set forth in the applicable Award Agreement. In addition, unless
otherwise provided in a Participant’s Award Agreement, if the sale of any Ordinary Shares received on exercise of an Option following the termination of the Participant’s Continuous Service (other than for Cause) would violate the
Company’s insider trading policy, then the Option will terminate on the earlier of (i) the expiration of a period of months (that need not be consecutive) equal to the applicable post-termination exercise period after the termination of
the Participant’s Continuous Service during which the sale of the Ordinary Shares received upon exercise of the Option would not be in violation of the Company’s insider trading policy, or (ii) the expiration of the term of the Option
as set forth in the applicable Award Agreement. 

  
 6. 

 (h) Disability of Participant. Except as otherwise provided in
the applicable Award Agreement or other agreement between the Participant and the Company, if a Participant’s Continuous Service terminates as a result of the Participant’s Disability, the Participant may exercise his or her Option (to the
extent that the Participant was entitled to exercise such Option as of the date of termination of Continuous Service), but only within such period of time ending on the earlier of (i) the date 12 months following such termination of Continuous
Service and (ii) the expiration of the term of the Option as set forth in the Award Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Option within the applicable time frame, the Option (as
applicable) will terminate. 
 (i) Death of Participant. Except as otherwise provided in the applicable Award
Agreement or other agreement between the Participant and the Company, if (i) a Participant’s Continuous Service terminates as a result of the Participant’s death, or (ii) the Participant dies within the period (if any) specified
in the Award Agreement for exercisability after the termination of the Participant’s Continuous Service for a reason other than death, then the Option may be exercised (to the extent the Participant was entitled to exercise such Option as of
the date of death) by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by a person designated to exercise the Option upon the Participant’s death, but only within the period
ending on the earlier of (i) the date 18 months following the date of death and (ii) the expiration of the term of such Option as set forth in the Award Agreement. If, after the Participant’s death, the Option is not exercised within
the applicable time frame, the Option will terminate. 
 (j) Termination for Cause. Except as explicitly
provided otherwise in a Participant’s Award Agreement, if a Participant’s Continuous Service is terminated for Cause, the Option will terminate upon the date on which the event giving rise to the termination for Cause first occurred, and
the Participant will be prohibited from exercising his or her Option from and after the date on which the event giving rise to the termination for Cause first occurred (or, if required by law, the date of termination of Continuous Service). 

(k) Non-Exempt Employees. If an Option is granted to an Employee who is a
non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, the Option will not be first exercisable for any Ordinary Shares until at least six (6) months following the date of
grant of the Option (although the Award may vest prior to such date). Consistent with the provisions of the Worker Economic Opportunity Act, (i) if such non-exempt Employee dies or suffers a Disability,
(ii) upon a Corporate Transaction in which such Option is not assumed, continued, or substituted, (iii) upon a Change in Control, or (iv) upon the Participant’s retirement (as such term may be defined in the Participant’s
Award Agreement in another agreement between the Participant and the Company, or, if no such definition, in accordance with the Company’s then current employment policies and guidelines), the vested portion of any Options may be exercised
earlier than six months following the date of grant. The foregoing provision is intended to operate so that any income derived by a non-exempt employee in connection with the exercise or vesting of an Option
will be exempt from his or her regular rate of pay. To the extent 

  
 7. 

 
permitted and/or required for compliance with the Worker Economic Opportunity Act to ensure that any income derived by a non-exempt employee in connection
with the exercise, vesting or issuance of any shares under any other Award will be exempt from the employee’s regular rate of pay, the provisions of this Section will apply to all Awards and are hereby incorporated by reference into such Award
Agreements. 
  

	6.	 PROVISIONS OF AWARDS OTHER
THAN OPTIONS. 

 (a) Restricted Stock Unit Awards. Each
Restricted Stock Unit Award Agreement will be in such form and will contain such terms and conditions as the Board deems appropriate. The terms and conditions of Restricted Stock Unit Award Agreements may change from time to time, and the terms and
conditions of separate Restricted Stock Unit Award Agreements need not be identical. Each Restricted Stock Unit Award Agreement will conform to (through incorporation of the provisions hereof by reference in the Agreement or otherwise) the substance
of each of the following provisions: 
 (i) Consideration. At the time of grant of a Restricted Stock Unit
Award, the Board will determine the consideration, if any, to be paid by the Participant upon delivery of each Ordinary Share subject to the Restricted Stock Unit Award. The consideration to be paid (if any) by the Participant for each Ordinary
Share subject to a Restricted Stock Unit Award may be paid in any form of legal consideration that may be acceptable to the Board, in its sole discretion, and permissible under applicable law. 

(ii) Vesting. At the time of the grant of a Restricted Stock Unit Award, the Board may impose such restrictions
on or conditions to the vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate. 

(iii) Payment. A Restricted Stock Unit Award may be settled by the delivery of Ordinary Shares, their cash
equivalent, any combination thereof or in any other form of consideration, as determined by the Board and contained in the Restricted Stock Unit Award Agreement. 

(iv) Additional Restrictions. At the time of the grant of a Restricted Stock Unit Award, the Board, as it deems
appropriate, may impose such restrictions or conditions that delay the delivery of the Ordinary Shares (or their cash equivalent) subject to a Restricted Stock Unit Award to a time after the vesting of such Restricted Stock Unit Award. 

(v) Termination of Participant’s Continuous Service. Except as otherwise provided in the
applicable Restricted Stock Unit Award Agreement, such portion of the Restricted Stock Unit Award that has not vested will be forfeited upon the Participant’s termination of Continuous Service. 

(b) Other Stock Awards. Other forms of awards valued in whole or in part by reference to, or otherwise
based on, Ordinary Shares, including the appreciation in value thereof may be granted either alone or in addition to Awards granted under Section 5 and this Section 6. Subject to the provisions of the Plan, the Board will have sole and
complete authority to determine the persons to whom and the time or times at which such Other Stock Awards will be granted, the number of Ordinary Shares (or the cash equivalent thereof) to be granted pursuant to such Other Stock Awards and all
other terms and conditions of such Other Stock Awards. 

  
 8. 

	 	 
7. COVENANTS OF THE COMPANY. 

(a) Availability of Shares. The Company will keep available at all times the number of Ordinary Shares reasonably
required to satisfy then-outstanding Awards. 
 (b) Securities Law Compliance. The Company will seek to obtain
from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Stock Awards and to issue and sell Ordinary Shares upon exercise of the Stock Awards; provided, however, that this
undertaking will not require the Company to register under the Securities Act the Plan, any Stock Award or any Ordinary Shares issued or issuable pursuant to any such Stock Award. If, after reasonable efforts and at a reasonable cost, the Company is
unable to obtain from any such regulatory commission or agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of Ordinary Shares under the Plan, the Company will be relieved from any liability for failure
to issue and sell Ordinary Shares upon exercise of such Stock Awards unless and until such authority is obtained. A Participant will not be eligible for the grant of an Award or the subsequent issuance of cash or Ordinary Shares pursuant to the
Award if such grant or issuance would be in violation of any applicable securities law. 
 (c) No Obligation to
Notify or Minimize Taxes. The Company will have no duty or obligation to any Participant to advise such holder as to the time or manner of exercising such Stock Award. Furthermore, the Company will have no duty or obligation to warn or otherwise
advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award. 

 

	8.	 MISCELLANEOUS. 

(a) Use of Proceeds from Sales of Ordinary Shares. Proceeds from the sale of Ordinary Shares pursuant to Awards
will constitute general funds of the Company. 
 (b) Corporate Action Constituting Grant of Awards. Corporate
action constituting a grant by the Company of an Award to any Participant will be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless of when the instrument, certificate, or letter
evidencing the Award is communicated to, or actually received or accepted by, the Participant. In the event that the corporate records (e.g., Board consents, resolutions or minutes) documenting the corporate action constituting the grant contain
terms (e.g., exercise price, vesting schedule or number of shares) that are inconsistent with those in the Award Agreement as a result of a clerical error in the papering of the Award Agreement, the corporate records will control and the Participant
will have no legally binding right to the incorrect term in the Award Agreement. 
 (c) Stockholder Rights. No
Participant will be deemed to be the holder of, or to have any of the rights of a holder with respect to, any Ordinary Shares subject to an Award unless and until (i) such Participant has satisfied all requirements for exercise of, or the
issuance of shares under, the Award pursuant to its terms, and (ii) the issuance of Ordinary Shares subject to such Award has been entered into the books and records of the Company. 

  
 9. 

 (d) No Employment or Other Service Rights. Nothing in the
Plan, any Award Agreement or any other instrument executed thereunder or in connection with any Award granted pursuant thereto will confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at
the time the Award was granted or will affect the right of the Company or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without cause, (ii) the service of a Consultant pursuant to the terms
of such Consultant’s agreement with the Company or an Affiliate, or (iii) the service of a Director pursuant to the articles of association of the Company or an Affiliate, and any applicable provisions of the corporate law of the
jurisdiction in which the Company or the Affiliate is incorporated, as the case may be. 
 (e) Change in Time
Commitment. In the event a Participant’s regular level of time commitment in the performance of his or her services for the Company and any Affiliates is reduced (for example, and without limitation, if the Participant is an Employee of the
Company and the Employee has a change in status from a full-time Employee to a part-time Employee or takes an extended leave of absence) after the date of grant of any Award to the Participant, the Board has the right in its sole discretion to
(x) make a corresponding reduction in the number of shares or cash amount subject to any portion of such Award that is scheduled to vest or become payable after the date of such change in time commitment, and (y) in lieu of or in
combination with such a reduction, extend the vesting or payment schedule applicable to such Award. In the event of any such reduction, the Participant will have no right with respect to any portion of the Award that is so reduced. 

(f) Investment Assurances. The Company may require a Participant, as a condition of exercising or acquiring
Ordinary Shares under any Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative reasonably
satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of exercising the Award; and
(ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Ordinary Shares subject to the Award for the Participant’s own account and not with any present intention of selling or otherwise
distributing Ordinary Shares. The foregoing requirements, and any assurances given pursuant to such requirements, will be inoperative if (A) the issuance of the shares upon the exercise or acquisition of Ordinary Shares under the Award has been
registered under a then currently effective registration statement under the Securities Act, or (B) as to any particular requirement, a determination is made by counsel for the Company that such requirement need not be met in the circumstances
under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with applicable securities
laws, including, but not limited to, legends restricting the transfer of Ordinary Shares. 

  
 10. 

 (g) Withholding Obligations. Unless prohibited by the terms of
an Award Agreement, the Company may, in its sole discretion, satisfy any federal, state or local tax withholding obligation relating to an Award by any of the following means or by a combination of such means: (i) causing the Participant to
tender a cash payment; (ii) withholding Ordinary Shares from the Ordinary Shares issued or otherwise issuable to the Participant in connection with the Award; provided, however, that no Ordinary Shares are withheld with a value exceeding
the minimum amount of tax required to be withheld by law (or such lesser amount as may be necessary to avoid classification of the Award as a liability for financial accounting purposes); (iii) withholding cash from an Award settled in cash;
(iv) withholding payment from any amounts otherwise payable to the Participant; or (v) by such other method as may be set forth in the Award Agreement. 

(h) Electronic Delivery. Any reference herein to a “written” agreement or document will include any
agreement or document delivered electronically, filed publicly at www.sec.gov (or any successor website thereto) or posted on the Company’s intranet (or other shared electronic medium controlled by the Company to which the Participant has
access). 
 (i) Deferrals. To the extent permitted by applicable law, the Board, in its sole discretion, may
determine that the delivery of Ordinary Shares or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Award may be deferred and may establish programs and procedures for deferral elections to be made by
Participants. Deferrals by Participants will be made in accordance with Section 409A of the Code. Consistent with Section 409A of the Code, the Board may provide for distributions while a Participant is still an employee or otherwise
providing services to the Company. The Board is authorized to make deferrals of Awards and determine when, and in what annual percentages, Participants may receive payments, including lump sum payments, following the Participant’s termination
of Continuous Service, and implement such other terms and conditions consistent with the provisions of the Plan and in accordance with applicable law. 

(j) Compliance with Section 409A. Unless otherwise expressly provided for in an Award
Agreement, the Plan and Award Agreements will be interpreted to the greatest extent possible in a manner that makes the Plan and the Awards granted hereunder exempt from Section 409A of the Code, and, to the extent not so exempt, in compliance
with Section 409A of the Code. If the Board determines that any Award granted hereunder is not exempt from and is therefore subject to Section 409A of the Code, the Award Agreement evidencing such Award will incorporate the terms and
conditions necessary to avoid the consequences specified in Section 409A(a)(1) of the Code, and to the extent an Award Agreement is silent on terms necessary for compliance, such terms are hereby incorporated by reference into the Award
Agreement. Notwithstanding anything to the contrary in this Plan (and unless the Award Agreement specifically provides otherwise), if the Ordinary Shares are publicly traded, and if a Participant holding an Award that constitutes “deferred
compensation” under Section 409A of the Code is a “specified employee” for purposes of Section 409A of the Code, no distribution or payment of any amount that is due because of a “separation from service” (as
defined in Section 409A of the Code without regard to alternative definitions thereunder) will be issued or paid before the date that is six (6) months following the date of such Participant’s “separation from service” or,
if earlier, the date of the Participant’s death, unless such distribution or payment can be made in a manner that complies with Section 409A of the Code, and any amounts so deferred will be paid in a lump sum on the day after such six
(6) month period elapses, with the balance paid thereafter on the original schedule. 

  
 11. 

 (k) Clawback/Recovery. All Awards granted under the Plan will
be subject to recoupment in accordance with any clawback policy that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the Company’s securities are listed or as is
otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or other applicable law. In addition, the Board may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Board determines
necessary or appropriate, including but not limited to a reacquisition right in respect of previously acquired Ordinary Shares or other cash or property upon the occurrence of an event constituting Cause. No recovery of compensation under such a
clawback policy will be an event giving rise to a right to resign for “good reason” or “constructive termination” (or similar term) under any agreement with the Company. 

 

	9.	 ADJUSTMENTS UPON CHANGES IN
ORDINARY SHARES; OTHER CORPORATE EVENTS. 

(a) Capitalization Adjustments. In the event of a Capitalization Adjustment, the Board will appropriately and
proportionately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a); and (ii) the class(es) and number of securities and price per share of stock subject to outstanding Awards. The
Board will make such adjustments, and its determination will be final, binding and conclusive. 
 (b) Dissolution
or Liquidation. Except as otherwise provided in the Award Agreement, in the event of a dissolution or liquidation of the Company, all outstanding Awards (other than Awards consisting of vested and outstanding Ordinary Shares not subject to a
forfeiture condition or the Company’s right of repurchase) will terminate immediately prior to the completion of such dissolution or liquidation, and the Ordinary Shares subject to the Company’s repurchase rights or subject to a forfeiture
condition may be repurchased or reacquired by the Company notwithstanding the fact that the holder of such Award is providing Continuous Service; provided, however, that the Board may, in its sole discretion, cause some or all Awards to
become fully vested, exercisable and/or no longer subject to repurchase or forfeiture (to the extent such Awards have not previously expired or terminated) before the dissolution or liquidation is completed but contingent on its completion. 

(c) Corporate Transaction. The following provisions will apply to Awards in the event of a Corporate Transaction
unless otherwise provided in the instrument evidencing the Award or any other written agreement between the Company or any Affiliate and the Participant or unless otherwise expressly provided by the Board at the time of grant of an Award. In the
event of a Corporate Transaction, then, notwithstanding any other provision of the Plan, the Board will take one or more of the following actions with respect to Awards, contingent upon the closing or completion of the Corporate Transaction: 

(i) arrange for the surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s
parent company) to assume or continue the Award or to substitute a similar award for the Award (including, but not limited to, an award to acquire the same consideration paid to the stockholders of the Company pursuant to the Corporate Transaction);

  
 12. 

 (ii) arrange for the assignment of any reacquisition or repurchase
rights held by the Company in respect of Ordinary Shares issued pursuant to the Award to the surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company); 

(iii) accelerate the vesting, in whole or in part, of the Award (and, if applicable, the time at which the Award may be
exercised) to a date prior to the effective time of such Corporate Transaction as the Board will determine (or, if the Board will not determine such a date, to the date that is five days prior to the effective date of the Corporate Transaction),
with such Award terminating if not exercised (if applicable) at or prior to the effective time of the Corporate Transaction; 

(iv) arrange for the lapse, in whole or in part, of any reacquisition or repurchase rights held by the Company with
respect to the Award; 
 (v) cancel or arrange for the cancellation of the Award, to the extent not vested or not
exercised prior to the effective time of the Corporate Transaction, in exchange for such cash consideration, if any, as the Board, in its sole discretion, may consider appropriate; and 

(vi) make a payment, in such form as may be determined by the Board equal to the excess, if any, of (A) the value
of the property the Participant would have received upon the exercise of the Award immediately prior to the effective time of the Corporate Transaction, over (B) any exercise price payable by such holder in connection with such exercise. For
clarity, this payment may be zero ($) if the value of the property is equal to or less than the exercise price. Payments under this provision may be delayed to the same extent that payment of consideration to the holders of the Company’s
Ordinary Shares in connection with the Corporate Transaction is delayed as a result of escrows, earn-outs, holdbacks or any other contingencies. 

The Board need not take the same action or actions with respect to all Awards or portions thereof or with respect to all
Participants. 
 (d) Change in Control. In the event of a Change in Control, the Board shall have the
discretion to take any one or more of the actions set forth in Section 9(c)(i)-(vi) with respect to Awards, contingent upon the closing or completion of the Change in Control; provided, however, that for such purpose, the term
“Corporate Transaction” in Section 9(c)(i)-(vi) will mean “Change In Control.” An Award may be subject to additional acceleration of vesting and exercisability upon or after a Change in Control as may be provided in the
Award Agreement for such Award or as may be provided in any other written agreement between the Company or any Affiliate and the Participant. 
  

	10.	 TERMINATION OR SUSPENSION OF
THE PLAN. 

 The Board may suspend or terminate the Plan at any time. No
Awards may be granted under the Plan while the Plan is suspended or after it is terminated. 

  
 13. 

	11.	 EFFECTIVE DATE OF THE PLAN.

 The Plan will come into existence on the Effective Date. No Award may be granted prior to the
Effective Date. 
  

	12.	 CHOICE OF LAW. 

The Plan, all determinations made and actions taken pursuant hereto and, except as provided below or in an applicable subplan,
each Award Agreement to a Participant shall be governed by the laws of the State of Israel, excluding matters that are subject to tax laws, regulations and rules, or conflicts or choice of law rule or principles, of any specific jurisdiction, which
shall be governed by the respective laws, regulations and rules of such jurisdiction. 
  

	13.	 DEFINITIONS. As used in the Plan, the following definitions will apply to the capitalized
terms indicated below: 

 (a) “Affiliate” means, at the time of
determination, any “parent” or “subsidiary” of the Company as such terms are defined in Rule 405 of the Securities Act. The Board will have the authority to determine the time or times at which “parent” or
“subsidiary” status is determined within the foregoing definition. 
 (b) “Award”
means an Option, a Restricted Stock Unit Award or an Other Stock Award. 
 (c) “Award
Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions of an Award. 

(d) “Board” means the Board of Directors of the Company. 

(e) “Capitalization Adjustment” means any change that is made in, or other events that occur
with respect to, the Ordinary Shares subject to the Plan or subject to any Award after the Effective Date without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock
dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, reverse stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or any similar equity restructuring
transaction, as that term is used in Statement of Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company
shall not be treated as a Capitalization Adjustment. 
 (f) “Cause” will have
the meaning ascribed to such term in any written agreement between the Participant and the Company defining such term and, in the absence of such agreement, such term means, with respect to a Participant, the occurrence of any of the following
events: (i) such Participant’s commission of any felony or any crime involving fraud, dishonesty or moral turpitude under the laws of the United States or any state thereof; (ii) such Participant’s attempted commission of, or
participation in, a fraud or act of dishonesty against the Company; (iii) such Participant’s intentional, material violation of any contract or agreement between the Participant and the Company or of any statutory duty owed to the Company;
(iv) such 

  
 14. 

 
Participant’s unauthorized use or disclosure of the Company’s confidential information or trade secrets; or (v) such Participant’s gross misconduct. The determination that a
termination of the Participant’s Continuous Service is either for Cause or without Cause will be made by the Company, in its sole discretion. Any determination by the Company that the Continuous Service of a Participant was terminated with or
without Cause for the purposes of outstanding Awards held by such Participant will have no effect upon any determination of the rights or obligations of the Company or such Participant for any other purpose. 

(g) “Change in Control” means the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events: 
 (i) any Exchange Act Person becomes the Owner, directly
or indirectly, of securities of the Company representing more than 50% of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the
foregoing, a Change in Control will not be deemed to occur (A) on account of the acquisition of securities of the Company directly from the Company; (B) on account of the acquisition of securities of the Company by an investor, any
affiliate thereof or any other Exchange Act Person that acquires the Company’s securities in a transaction or series of related transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity
securities; or (C) solely because the level of Ownership held by any Exchange Act Person (the “Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase
or other acquisition of voting securities by the Company reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the
Company, and after such share acquisition, the Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting
securities Owned by the Subject Person over the designated percentage threshold, then a Change in Control will be deemed to occur; 

(ii) there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company
and, immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing
more than 50% of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction or (B) more than 50% of the combined outstanding voting power of the parent of the surviving Entity in such
merger, consolidation or similar transaction, in each case in substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such transaction; 

(iii) there is consummated a sale, lease, exclusive license or other disposition of all or substantially all of the
consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an Entity, more than fifty percent (50%) of
the combined voting power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such sale, lease,
license or other disposition; or 

  
 15. 

 (iv) individuals who, on the date the Plan is adopted by the Board,
are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the appointment or election (or nomination for election)
of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member will, for purposes of this Plan, be considered as a member of the Incumbent Board. 

For purposes of determining voting power under the term Change in Control, voting power shall be calculated by assuming the
conversion of all equity securities convertible (immediately or at some future time) into shares entitled to vote, but not assuming the exercise of any warrant or right to subscribe to or purchase those shares. In addition, (A) the term Change
in Control will not include a sale of assets, merger or other transaction effected exclusively for the purpose of changing the domicile of the Company, (B) the term Change in Control will not include a change in the voting power of any one or
more stockholders as a result of the conversion of any class of the Company’s securities into another class of the Company’s securities having a different number of votes per share pursuant to the conversion provisions set forth in the
Company’s Amended and Restated Certificate of Incorporation, and (C) the definition of Change in Control (or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant will supersede the
foregoing definition with respect to Awards subject to such agreement; provided, however, that if no definition of Change in Control or any analogous term is set forth in such an individual written agreement, the foregoing definition will
apply. If required for compliance with Section 409A of the Code, in no event will a Change in Control be deemed to have occurred if such transaction is not also a “change in the ownership or effective control of” the Company or
“a change in the ownership of a substantial portion of the assets of” the Company as determined under Treasury Regulation Section 1.409A-3(i)(5) (without regard to any alternative definition
thereunder). The Board may, in its sole discretion and without a Participant’s consent, amend the definition of “Change in Control” to conform to the definition of “Change in Control” under Section 409A of the Code, and
the regulations thereunder. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended,
including any applicable regulations and guidance thereunder. 
 (i) “Committee” means a
committee of one or more Independent Directors to whom authority has been delegated by the Board in accordance with Section 2(c). 

(j) “Company” means UroGen Pharma Ltd., an Israeli corporation. 

(k) “Consultant” means any person, including an advisor, who is (i) engaged by the Company
or an Affiliate to render consulting or advisory services and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and is compensated for such services. However, service solely as a Director,
or payment of a fee for such service, will not cause a Director to be considered a “Consultant” for purposes of the Plan. Notwithstanding the foregoing, a person is treated as a Consultant under this Plan only if a Form S-8 Registration Statement under the Securities Act is available to register either the offer or the sale of the Company’s securities to such person. 

  
 16. 

 (l) “Continuous Service” means that the
Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an
Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, will not terminate a
Participant’s Continuous Service ; provided, however, that if the Entity for which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board, in its sole discretion, such Participant’s
Continuous Service will be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may
determine whether Continuous Service will be considered interrupted in the case of (i) any leave of absence approved by the Board or chief executive officer, including sick leave, military leave or any other personal leave, or
(ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of absence will be treated as Continuous Service for purposes of vesting in an Award only to such extent as may be provided in the
Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as otherwise required by law. In addition, to the extent required for exemption from or compliance with
Section 409A of the Code, the determination of whether there has been a termination of Continuous Service will be made, and such term will be construed, in a manner that is consistent with the definition of “separation from service”
as defined under Treasury Regulation Section 1.409A-1(h) (without regard to any alternative definition thereunder). 

(m) “Corporate Transaction” means the occurrence, in a single transaction or in a series of
related transactions, of any one or more of the following events: 
 (i) the consummation of a sale or other
disposition of all or substantially all, as determined by the Board, in its sole discretion, of the consolidated assets of the Company and its Subsidiaries; 

(ii) the consummation of a sale or other disposition of at least 50% of the outstanding securities of the Company; 

(iii) the consummation of a merger, consolidation or similar transaction following which the Company is not the
surviving corporation; or 
 (iv) the consummation of a merger, consolidation or similar transaction following which
the Company is the surviving corporation but the Ordinary Shares outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other
property, whether in the form of securities, cash or otherwise. 
 To the extent required for compliance with
Section 409A of the Code, in no event will an event be deemed a Corporate Transaction if such transaction is not also a “change in the ownership or effective control of” the Company or “a change in the ownership of a substantial
portion of the assets of” the Company as determined under Treasury Regulation Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder). 

  
 17. 

 (n) “Director” means a member of the Board.
Directors are not eligible to receive Awards under the Plan with respect to their service in such capacity. 
 (o)
“Disability” means, with respect to a Participant, the inability of such Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to
result in death or that has lasted or can be expected to last for a continuous period of not less than 12 months, as provided in Sections 22(e)(3) and 409A(a)(2)(c)(i) of the Code, and will be determined by the Board on the basis of such medical
evidence as the Board deems warranted under the circumstances. 
 (p) “Effective Date” means
May 21, 2019. 
 (q) “Eligible Employee” has the meaning set forth in Section 1(a).

 (r) “Employee” means any person employed by the Company or an Affiliate. However, service
solely as a Director, or payment of a fee for such services, will not cause a Director to be considered an “Employee” for purposes of the Plan. 

(s) “Entity” means a corporation, partnership, limited liability company or other entity. 

(t) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder. 
 (u) “Exchange Act Person” means any
natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” will not include (i) the Company or any Subsidiary of the Company, (ii) any
employee benefit plan of the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily holding
securities pursuant to a registered public offering of such securities, (iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company; or
(v) any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the Owner, directly or indirectly, of securities of the Company representing more
than 50% of the combined voting power of the Company’s then outstanding securities. 
 (v) “Fair
Market Value” means, as of any date, the value of the Ordinary Shares determined as follows: 
 (i) If
the Ordinary Shares are listed on any established stock exchange or traded on any established market, the Fair Market Value of an Ordinary Share will be, unless otherwise determined by the Board, the closing sales price for such stock as quoted on
such exchange or market (or the exchange or market with the greatest volume of trading in the Ordinary Shares) on the date of determination, as reported in a source the Board deems reliable. 

  
 18. 

 (ii) Unless otherwise provided by the Board, if there is no closing
sales price for the Ordinary Shares on the date of determination, then the Fair Market Value will be the closing selling price on the last preceding date for which such quotation exists. 

(iii) In the absence of such markets for the Ordinary Shares, the Fair Market Value will be determined by the Board in
good faith and in a manner that complies with Sections 409A and 422 of the Code. 
 (w) “Independent
Compensation Committee” has the meaning set forth in Section 1(a). 
 (x) “Independent
Directors” has the meaning set forth in Section 1(a). 
 (y) “Inducement Award
Rules” has the meaning set forth in Section 1(a). 
 (z)
“Non-Employee Director” means a Director who either (i) is not a current employee or officer of the Company or an Affiliate, does not receive compensation, either directly
or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which disclosure would be
required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation
S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3. 

(aa) “Nonstatutory Stock Option” means any option granted pursuant to Section 5 of the Plan
that does not qualify as an “incentive stock option” within the meaning of Section 422 of the Code. 

(bb) “Officer” means a person who is an officer of the Company within the meaning of
Section 16 of the Exchange Act. 
 (cc) “Option” means a Nonstatutory Stock Option to
purchase Ordinary Shares granted pursuant to the Plan. 
 (dd) “Option Agreement” means a
written agreement between the Company and an Optionholder evidencing the terms and conditions of an Option grant. Each Option Agreement will be subject to the terms and conditions of the Plan. 

(ee) “Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if
applicable, such other person who holds an outstanding Option. 
 (ff) “Ordinary Shares” means
the Ordinary Shares of the Company, par value NIS 0.01 per Ordinary Share. 
 (gg) “Other Stock
Award” means an award based in whole or in part by reference to the Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(c). 

  
 19. 

 (hh) “Own,”
“Owned,” “Owner,” “Ownership” A person or Entity will be deemed to “Own,” to have “Owned,” to be the
“Owner” of, or to have acquired “Ownership” of securities if such person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes
the power to vote or to direct the voting, with respect to such securities. 
 (ii)
“Participant” means a person to whom an Award is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Award. 

(jj) “Plan” means this UroGen Pharma Ltd. 2019 Inducement Plan, as it may be amended. 

(kk) “Restricted Stock Unit Award” means a right to receive Ordinary Shares which
is granted pursuant to the terms and conditions of Section 6(b). 
 (ll) “Restricted Stock Unit Award
Agreement” means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement
will be subject to the terms and conditions of the Plan. 
 (mm) “Rule
16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from time to
time. 
 (nn) “Securities Act” means the Securities Act of 1933, as amended. 

(oo) “Subsidiary” means, with respect to the Company, (i) any corporation of which more
than 50% of the outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any other class or classes of such corporation will have or
might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or other entity in which the Company has a direct or
indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than 50%. 

  
 20.

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