Document:

EX-10.14

 Exhibit 10.14 

2014 EQUITY INCENTIVE PLAN OF 

ORTHO-CLINICAL DIAGNOSTICS BERMUDA CO. LTD. 

RESTRICTED STOCK AGREEMENT 

GRANT NOTICE 
 The
participant set forth below (the “Participant”) has been granted Restricted Stock, subject to the terms and conditions of the Ortho-Clinical Diagnostics Bermuda Co. Ltd. 2014 Equity Incentive Plan, as amended from time to
time (the “Plan”) and this Restricted Stock Agreement, which includes the terms in this Grant Notice (the “Grant Notice”) and Appendix A attached hereto (collectively, this
“Agreement”). Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Agreement. 
  

			
	Participant:	  	Christopher Smith
		
	Grant Date:	  	September 30, 2020
		
	Total Number of Shares of Restricted Stock:	  	200,000
		
	Type of Restricted Stock	  	Ordinary Shares
		
	Vesting Schedule:	  	The Shares shall vest in accordance with the vesting schedule set forth in Appendix A.

 Both Ortho-Clinical Diagnostics Bermuda Co. Ltd. (the “Company”) and the Participant
acknowledge and agree that this Agreement and the Plan constitute the entire agreement between the Company and the Participant regarding the terms and conditions of the Restricted Stock awarded hereunder, and that the foregoing supersede all prior
communications, agreements, and understandings, written or oral, with respect to the terms and conditions of such Restricted Stock. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF THIS AGREEMENT (INCLUDING THE GRANT NOTICE AND APPENDIX A) AND THE
PLAN. For the avoidance of doubt, the Restricted Stock granted pursuant to this Agreement is in addition to and not in substitution for or replacement of the award of 200,000 shares of Restricted Stock granted to the Participant in 2019. 

 

									
	ORTHO-CLINICAL DIAGNOSTICS BERMUDA CO. LTD.:	 		  	  PARTICIPANT:

									
					
	By:	 	 /s/ Robert Schmidt
	 		  	By:	  	 /s/ Christopher Smith

	Name:	 	Robert Schmidt	 		  	Name: Christopher Smith
	Title:	 	Principal	 		  		  	

 APPENDIX A 

TO THE RESTRICTED STOCK AGREEMENT 

Pursuant to this Agreement, the Company has awarded to the Participant the number of shares of Restricted Stock under the Plan set forth in
the Grant Notice. 
 ARTICLE I. 

INCORPORATION OF TERMS 

The Restricted Stock is subject to the terms and conditions of the Plan, which are incorporated herein by reference. In the event of any
inconsistency between the Plan and this Agreement, the terms of the Plan shall control. 
 ARTICLE II. 

AWARD OF RESTRICTED STOCK 

2.1 Award of Restricted Stock. 

(a) Award. As of the Grant Date, the Company issued to the Participant the number of shares of Restricted Stock, par value $0.00001 per
share (“Par Value”), set forth in the Grant Notice in consideration of the Participant’s agreement to remain in the service or employ of the Company or one of its subsidiaries, in exchange for the Participant’s
payment in cash to the Company of Par Value per share of Restricted Stock and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged. Such shares of Restricted Stock and any dividends and distributions
made or declared with respect to such shares, in each case, whether vested or unvested shall sometimes be referred to herein as “Shares.” 

(b) Book Entry Form; Certificates. At the sole discretion of the Administrator, the Shares will be issued in either
(i) uncertificated form, with the Shares recorded in the name of the Participant in the register of members of the Company with appropriate notations regarding the Restrictions; or (ii) certificate form subject to the terms of
Section 2.1(c). For purposes of this Agreement, “Restrictions” shall mean the forfeiture provision in Section 2.2 and the other restrictions set forth in this Agreement or the Plan. 

(c) Legend. Shares issued pursuant to this Agreement shall bear such legend or legends as shall be determined by the Administrator. 

(d) Escrow. The Secretary of the Company or such other escrow holder as the Company may appoint may retain physical custody of any
certificates representing the Shares until all of the Restrictions lapse or shall have been removed. 
 2.2 Restrictions. 

(a) Vesting of Restricted Stock. 50% of the Shares of Restricted Stock granted pursuant to this Agreement (i.e., 100,000 Shares) shall
be considered “Limited Shares” for purposes of this Agreement and 50% of the Shares of Restricted Stock granted pursuant to this Agreement (i.e., 100,000 Shares) shall be considered “Unlimited Shares”
for purposes of this Agreement. Subject to Section 2.2(b), the Restricted Stock shall vest and the Restrictions shall lapse as set forth in this Section 2.2(a), in each 

 
case, subject to the Participant remaining continuously employed as the Company’s Chief Executive Officer through the applicable vesting date. All share price hurdles set forth in this
Section 2.2(a) shall be equitably adjusted to reflect any share split, share dividend or other Equity Restructuring, as determined by the Administrator. 

(i) Vesting of Limited Shares if a Liquidity Event occurs prior to an IPO. If a Liquidity Event occurs prior to an IPO, then, subject
to the Participant remaining continuously employed as the Company’s Chief Executive Officer through the date of the Liquidity Event, (A) 25% of the Limited Shares (“First Tranche Limited Shares”) shall vest upon the date
of the Liquidity Event if the price per share of Common Stock paid to the Company’s Principal Stockholders in such Liquidity Event equals or exceeds $27.50, (B) 25% of the Limited Shares (“Second Tranche Limited Shares”)
shall vest upon the date of the Liquidity Event if the price per share of Common Stock paid to the Company’s Principal Stockholders in such Liquidity Event equals or exceeds $30.00, (C) 25% of the Limited Shares (“Third Tranche
Limited Shares”) shall vest upon the date of the Liquidity Event if the price per share of Common Stock paid to the Company’s Principal Stockholders in such Liquidity Event equals or exceeds $32.50, and (D) 25% of the Limited
Shares (“Fourth Tranche Limited Shares”) shall vest upon the date of the Liquidity Event if the price per share of Common Stock paid to the Company’s Principal Stockholders in such Liquidity Event equals or exceeds
$35.00. Upon the occurrence of a Liquidity Event that occurs prior to an IPO, any Limited Shares that do not vest in accordance with this Section 2.2(a)(i) shall immediately and automatically be forfeited and cancelled for no consideration. In
addition, if neither an IPO nor a Liquidity Event has occurred as of the Limited Shares Expiration Date, the Limited Shares shall automatically be forfeited and cancelled for no consideration on the Limited Shares Expiration Date. 

(ii) Vesting of Limited Shares if an IPO occurs prior to a Liquidity Event. If an IPO occurs prior to a Liquidity Event, then, subject
to the Participant remaining continuously employed as the Company’s Chief Executive Officer through the applicable vesting date, the Limited Shares shall vest as follows: 

(A) The First Tranche Limited Shares (i.e., 25% of the Limited Shares) shall vest upon the
six-month anniversary of the closing date of the IPO (“First Tranche Vesting Date”) if at such time the VWAP equals or exceeds $27.50. If the VWAP is less than $27.50 on the First
Tranche Vesting Date, the First Tranche Limited Shares shall vest at such later time as the VWAP equals or exceeds $27.50 so long as the VWAP equals or exceeds $27.50 on or before the Limited Shares Expiration Date. 

(B) The Second Tranche Limited Shares (i.e., 25% of the Limited Shares) shall vest upon the
one-year anniversary of the closing date of the IPO (“Second Tranche Vesting Date”) if at such time the VWAP equals or exceeds $30.00. If the VWAP is less than $30.00 on the Second
Tranche Vesting Date, the Second Tranche Limited Shares shall vest at such later time as the VWAP equals or exceeds $30.00 so long as the VWAP equals or exceeds $30.00 on or before the Limited Shares Expiration Date. 

(C) The Third Tranche Limited Shares (i.e., 25% of the Limited Shares) shall vest upon the eighteen month anniversary of the
closing date of the IPO (“Third Tranche Vesting Date”) if at such time the VWAP equals or exceeds $32.50. If the VWAP is less than $32.50 on the Third Tranche Vesting Date, the Third Tranche Limited Shares shall vest at such
later time as the VWAP equals or exceeds $32.50 so long as the VWAP equals or exceeds $32.50 on or before the Limited Shares Expiration Date. 

 (D) The Fourth Tranche Limited Shares (i.e., 25% of the Limited Shares)
shall vest upon the two-year anniversary of the closing date of the IPO (“Fourth Tranche Vesting Date”) if at such time the VWAP equals or exceeds $35.00. If the VWAP is less than
$35.00 on the Fourth Tranche Vesting Date, the Fourth Tranche Limited Shares shall vest at such later time as the VWAP equals or exceeds $35.00 so long as the VWAP equals or exceeds $35.00 on or before the Limited Shares Expiration Date. 

(E) If a Change in Control occurs after the date of an IPO, then any unvested Limited Shares shall vest upon the occurrence of
the Change in Control if the price per share paid or implied in the Change in Control transaction equals or exceeds (i) $27.50 with respect to the First Tranche Limited Shares, (ii) $30.00 with respect to the Second Tranche Limited Shares, (iii)
$32.50 with respect to the Third Tranche Limited Shares, and (iv) $35.00 with respect to the Fourth Tranche Limited Shares. Any portion of the Limited Shares that does not vest pursuant to this Section 2.2(a)(ii)(E) shall automatically be
forfeited and cancelled for no consideration upon the occurrence of the Change in Control. 
 (F) Any portion of the Limited
Shares that has not vested on or prior to the Limited Shares Expiration Date shall automatically be forfeited and cancelled for no consideration on the Limited Shares Expiration Date. 

(iii) Vesting of Unlimited Limited Shares if a Liquidity Event occurs prior to an IPO. If a Liquidity Event occurs prior to an IPO,
then, subject to the Participant remaining continuously employed as the Company’s Chief Executive Officer through the date of the Liquidity Event, (A) 25% of the Unlimited Limited Shares (“First Tranche Unlimited
Shares”) shall vest upon the date of the Liquidity Event if the price per share of Common Stock paid to the Company’s Principal Stockholders in such Liquidity Event equals or exceeds $25.00, (B) 25% of the Unlimited Shares
(“Second Tranche Unlimited Shares”) shall vest upon the date of the Liquidity Event if the price per share of Common Stock paid to the Company’s Principal Stockholders in such Liquidity Event equals or exceeds $30.00,
(C) 25% of the Unlimited Shares (“Third Tranche Unlimited Shares”) shall vest upon the date of the Liquidity Event if the price per share of Common Stock paid to the Company’s Principal Stockholders in such Liquidity
Event equals or exceeds $35.00, and (D) 25% of the Unlimited Shares (“Fourth Tranche Unlimited Shares”) shall vest upon the date of the Liquidity Event if the price per share of Common Stock paid to the Company’s
Principal Stockholders in such Liquidity Event equals or exceeds $40.00. Upon the occurrence of a Liquidity Event that occurs prior to an IPO, any Unlimited Shares that do not vest in accordance with this Section 2.2(a)(iii) shall immediately
and automatically be forfeited and cancelled for no consideration. 
 (iv) Vesting of Unlimited Shares if an IPO occurs prior to a
Liquidity Event. If an IPO occurs prior to a Liquidity Event, then, subject to the Participant remaining continuously employed as the Company’s Chief Executive Officer through the applicable vesting date, the Unlimited Shares shall vest as
follows, provided that no portion of the Unlimited Shares will vest prior to the six month anniversary of the closing date of the IPO: 

(A) The First Tranche Unlimited Shares (i.e., 25% of the Unlimited Shares) shall vest at such time as the VWAP equals or
exceeds $25.00. 
 (B) The Second Tranche Unlimited Shares (i.e., 25% of the Unlimited Shares) shall vest at such time as
the VWAP equals or exceeds $30.00. 

 (C) The Third Tranche Unlimited Shares (i.e., 25% of the Unlimited Shares)
shall vest at such time as the VWAP equals or exceeds $35.00. 
 (D) The Fourth Tranche Unlimited Shares (i.e., 25% of the
Unlimited Shares) shall vest at such time as the VWAP equals or exceeds $40.00. 
 (E) If a Change in Control occurs after
the date of an IPO, then any unvested Unlimited Shares shall vest upon the occurrence of the Change in Control if the price per share paid or implied in the Change in Control transaction equals or exceeds (i) $25.00 with respect to the First Tranche
Unlimited Shares, (ii) $30.00 with respect to the Second Tranche Unlimited Shares, (iii) $35.00 with respect to the Third Tranche Unlimited Shares, and (iv) $40.00 with respect to the Fourth Tranche Unlimited Shares. Any portion of the Unlimited
Shares that does not vest pursuant to this Section 2.2(a)(iv)(E) shall automatically be forfeited and cancelled for no consideration upon the occurrence of the Change in Control. 

(b) Forfeiture. Notwithstanding anything to the contrary set forth herein, any portion of the Restricted Stock which has not become
vested pursuant to Section 2.2(a) as of the date the Participant incurs a Termination of Service or ceases to remain employed as the Company’s Chief Executive Officer shall automatically be forfeited by the Participant on the date of such
termination. Any shares that are forfeited for no consideration pursuant to any provision of this Agreement shall, subject to and if provided for under Applicable Law, be repurchased by the Company for a cash payment equal to par value or nominal
value, as applicable, per share of such Restricted Stock which is not vested. 
 (c) Tax Withholding; Conditions to Issuance of
Certificates. Notwithstanding any other provision of this Agreement: 
 (i) The Participant is ultimately liable and responsible for all
taxes owed in connection with the Restricted Stock, regardless of any action the Company or any of its subsidiaries takes with respect to any tax withholding obligations that arise in connection with the Restricted Stock. Neither the Company nor any
of its subsidiaries makes any representation or undertaking regarding the treatment of any tax withholding in connection with the awarding or vesting of the Restricted Stock or the subsequent sale of shares. The Company and its subsidiaries do not
commit and are under no obligation to structure the Restricted Stock to reduce or eliminate the Participant’s tax liability. 
 (ii)
Prior to any tax withholding becoming due, the Participant must make arrangements acceptable to the Administrator to satisfy such withholding and must satisfy such tax withholdings when due. To the extent permitted by the Administrator, the Company
(or the employing subsidiary) will withhold a portion of the shares of Restricted Stock that have an aggregate Fair Market Value sufficient to pay the minimum federal, state and local income, employment and any other applicable taxes required to be
withheld by the Company or the employing subsidiary with respect to the shares. Notwithstanding any contrary provision of this Agreement, no vested Shares will be released from the Company unless and until satisfactory arrangements (as determined by
the Administrator) have been made by the Participant with respect to the payment of any income and other taxes which the Company determines must be withheld or collected as of the vesting date with respect to such Shares. In addition and to the
maximum extent permitted by Applicable Law, and to the extent other satisfactory arrangements are not made by the Participant, the Company (or the employing subsidiary) has the right to retain from salary or other amounts payable to the Participant,
cash having a value sufficient to satisfy any tax withholding obligations that cannot be satisfied by the withholding of otherwise deliverable Shares and any other arrangements made by the Participant. 

 2.3 Rights as Shareholder. Except as otherwise provided herein, upon the Grant Date,
the Participant shall have all the rights of a shareholder with respect to the Shares, including the right to receive any cash or stock dividends or other distributions paid to or made with respect to the Shares, subject to the Restrictions herein.

 2.4 Retained Distributions. The Company will retain custody of all cash dividends and other distributions (“Retained
Distributions”) made or declared with respect to the Restricted Stock (and such Retained Distributions will be subject to the Restrictions and the other terms and conditions under this Agreement that are applicable to the Restricted
Stock) until such time, if ever, as the Restricted Stock with respect to which such Retained Distributions shall have been made, paid or declared shall have become vested pursuant to Section 2.2(a) or, if earlier, tax withholding is otherwise
due with respect to such Restricted Stock. 
 ARTICLE III. 

OTHER PROVISIONS 
 3.1
Governing Law; Severability. This Agreement shall be administered, interpreted and enforced under the laws of the State of Delaware, without regard to the conflicts of law principles thereof. Should any provision of this Agreement be
determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 

3.2 Notices. Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company at its principal
executive offices in care of the Secretary of the Company, and any notice to be given to the Participant shall be addressed to the Participant at the most recent address for the Participant shown in the Company’s records. By a notice given
pursuant to this Section 3.2, either party may hereafter designate a different address for notices to be given to that party. Any notice shall be deemed duly given when sent via email or when sent by certified mail (return receipt requested)
and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 
 3.3
Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on
transfer herein set forth, this Agreement shall be binding upon the Participant and his heirs, executors, administrators, successors and assigns. 

ARTICLE IV. 

DEFINITIONS 
 Whenever the
following terms are used in this Agreement, they shall have the meaning specified below unless the context clearly indicates to the contrary. Capitalized terms used in this Agreement and not defined below shall have the meaning given such terms in
the Plan or the Grant Notice. The singular pronoun shall include the plural, where the context so indicates. 
 4.1 Affiliate.
“Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with, such Person where “control” shall have the meaning given such term under Rule
405 of the Securities Act. For the purposes of this Agreement, Affiliates of the Company shall include all Principal Stockholders, except where otherwise specified. 

4.2 Effective Date. “Effective Date” shall mean June 30, 2014. 

 4.3 IPO. “IPO” shall mean an initial public offering of the Company’s
Common Stock (or successor securities) or any other transaction of any kind that results in the Common Stock (or successor securities) becoming listed on a national securities exchange. 

4.4 Limited Shares Expiration Date. “Limited Shares Expiration Date” means December 31, 2023. 

4.5 Liquidity Event. “Liquidity Event” shall mean either (a) the consummation of the sale, transfer, conveyance or other
disposition in one or a series of transactions, of the equity securities of the Company or its successor held, directly or indirectly, by all of the Principal Stockholders in exchange for cash , or in the case of any transaction resulting in the
exchange for consideration other than cash (“non-cash consideration”) the receipt of cash upon the disposition of such non-cash consideration, such that
immediately following such transaction or disposition (or series of transactions or dispositions), the equity securities of the Company or its successor held, directly or indirectly, by all of the Principal Stockholders and any Affiliate of any
Principal Stockholders is, in the aggregate, less than 50% of the equity securities of the Company or its successor (as such securities may be adjusted for the occurrence of a corporate event) held, directly or indirectly, by all of the Principal
Stockholders and any Affiliate of any Principal Stockholders as of the Effective Date; or (b) the consummation of the sale, lease, transfer, conveyance or other disposition (other than by way of merger, equity purchase or consolidation), in one
or a series of transactions, of all or substantially all of the assets of the Company, or the Company and its subsidiaries taken as a whole, to any “person” (as such term is defined in Section 13(d)(3) of the Exchange Act) other than
to any Principal Stockholders or an Affiliate of any Principal Stockholders. 
 4.6 VWAP. “VWAP” shall mean, as of any date,
the volume weighted average closing price of the Company’s Common Stock (or successor securities) over the 30 preceding trading days. 

* * * * *EX-10.15

 Exhibit 10.15 

ORTHO-CLINICAL DIAGNOSTICS BERMUDA CO. LTD. 

2014 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 

GRANT NOTICE 

Ortho-Clinical Diagnostics Bermuda Co. Ltd. (the “Company”), pursuant to its 2014 Equity Incentive Plan, as amended
from time to time (the “Plan”), hereby grants to the holder listed below (“Participant”) the number of Restricted Stock Units (the “RSUs”) set forth below. The RSUs are subject to the terms and
conditions set forth in this Restricted Stock Unit Grant Notice (the “Grant Notice”) and the Restricted Stock Unit Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, which are incorporated
herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in the Grant Notice and the Agreement. 
  

			
	Participant:	  	Robert Yates
		
	Grant Date:	  	December 15, 2020
		
	Number of RSUs:	  	200,000
		
	Type of Shares Issuable:	  	Common Stock
		
	Vesting Schedule:	  	The RSUs will vest in full in a single installment on the date that is six months following the closing date of an IPO, provided that an IPO occurs on or before December 31, 2021. If an IPO does not occur on or before
December 31, 2021, the RSUs will vest in full in a single installment on January 2, 2022. Vesting of RSUs is, in each case, subject to earlier vesting as may be set forth in the Agreement.

 By his or her signature, and the Company’s signature below, Participant agrees to be bound by the terms
and conditions of the Plan, the Agreement and the Grant Notice. Participant has reviewed the Agreement, the Plan and the Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing the Grant Notice and
fully understands all provisions of the Grant Notice, the Agreement and the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan,
the Grant Notice or the Agreement. 
  

									
	ORTHO-CLINICAL DIAGNOSTICS	 		 	PARTICIPANT
	BERMUDA CO. LTD.	 		 		 	
					
	HOLDER:	 		 		 		 	
					
	By:	 	 /s/ Michael A. Schlesinger
	 		 	By:	 	 /s/ Robert Yates

	Print Name:	 	Michael A. Schlesinger	 		 	Print Name:	 	Robert Yates
	Title:	 	EVP, General Counsel & Secretary	 		 		 	

  

 EXHIBIT A 

TO RESTRICTED STOCK UNIT GRANT NOTICE 

RESTRICTED STOCK UNIT AGREEMENT 

Pursuant to the Grant Notice to which this Agreement is attached, the Company has granted to Participant the number of RSUs set forth in the
Grant Notice. 
 ARTICLE I. 

GENERAL 
 1.1 Defined
Terms. Capitalized terms not specifically defined herein shall have the meanings specified in the Plan or the Grant Notice. For purposes of this Agreement and the Grant Notice, “IPO” means an initial public offering of the
Company’s Common Stock (or successor securities) or any other transaction of any kind that results in the Common Stock (or successor securities) becoming listed on a national securities exchange. 

1.2 Incorporation of Terms of Plan. The RSUs and the shares of Common Stock (“Stock”) to be issued to Participant
hereunder (“Shares”) are subject to the terms and conditions set forth in this Agreement and the Plan, which is incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of
the Plan shall control. 
 ARTICLE II. 

AWARD OF RESTRICTED STOCK UNITS 

2.1 Award of RSUs. 
 (a) In
consideration of Participant’s past and/or continued employment with or service to the Company or a Subsidiary and for other good and valuable consideration, effective as of the grant date set forth in the Grant Notice (the “Grant
Date”), the Company has granted to Participant the number of RSUs set forth in the Grant Notice, upon the terms and conditions set forth in the Grant Notice, the Plan and this Agreement. Each RSU represents the right to receive one Share or, at
the option of the Company, an amount of cash as set forth in Section 2.3(b), in either case, at the times and subject to the conditions set forth herein. However, unless and until the RSUs have vested, Participant will have no right to the
payment of any Shares subject thereto. Prior to the actual delivery of any Shares, the RSUs will represent an unsecured obligation of the Company, payable only from the general assets of the Company. 

2.2 Vesting of RSUs. 
 (a) Subject
to Participant’s continued employment with or service to the Company or a Subsidiary on the applicable vesting date and subject to the terms of this Agreement, the RSUs shall vest at such time as is set forth in the Grant Notice. 

(b) In the event Participant incurs a Termination of Service as a result of a termination by the Company without Cause or due to
Participant’s death or Disability, the RSUs shall immediately vest in full, effective as of immediately prior to such Termination of Service. Subject to the foregoing, if Participant incurs a Termination of Service for any other reason prior to
vesting, except as may be otherwise provided by the Administrator or as set forth in a written agreement between Participant 

  
 A-1 

 
and the Company, Participant shall immediately forfeit any and all RSUs granted under this Agreement which have not vested or do not vest on or prior to the date on which such Termination of
Service occurs, and Participant’s rights in any such RSUs which are not so vested shall lapse and expire. 
 2.3 Distribution or
Payment of RSUs. 
 (a) Participant’s RSUs shall be distributed in Shares (either in book-entry form or otherwise), subject to
payment of the nominal or par value thereof if required under applicable law, or, at the option of the Company, paid in an amount of cash as set forth in Section 2.3(b), in either case, as soon as administratively practicable following both
(i) the vesting of the applicable RSU and (ii) a determination by the Company that a sufficient amount of the Shares can reasonably be liquidated to allow for satisfaction of Participant’s tax liabilities associated with the Shares,
but in all events no later than March 15 of the calendar year following the calendar year in which the RSUs vest. 
 (b) In the event
that the Company elects to make payment of Participant’s RSUs in cash, the amount of cash payable with respect to each RSU shall be equal to the Fair Market Value of a Share on the day immediately preceding the applicable distribution or
payment date set forth in Section 2.3(a). All distributions made in Shares shall be made by the Company in the form of whole Shares, and any fractional share shall be distributed in cash in an amount equal to the value of such fractional share
determined based on the Fair Market Value as of the date immediately preceding the date of such distribution. 
 2.4 Conditions to
Issuance of Certificates. The Company shall not be required to issue or deliver any certificate or certificates for any Shares prior to the fulfillment of all of the following conditions: (A) the admission of the Shares to listing on all
stock exchanges on which such Shares are then listed, (B) the completion of any registration or other qualification of the Shares under any state or federal law or under rulings or regulations of the Securities and Exchange Commission or other
governmental regulatory body, which the Administrator shall, in its absolute discretion, deem necessary or advisable, and (C) the obtaining of any approval or other clearance from any state or federal governmental agency that the Administrator
shall, in its absolute discretion, determine to be necessary or advisable. 
 2.5 Tax Withholding. Notwithstanding any other provision
of this Agreement: 
 (a) The Participant is ultimately liable and responsible for all taxes owed in connection with the RSUs, regardless of
any action the Company or any of its subsidiaries takes with respect to any tax withholding obligations that arise in connection with the RSUs. Neither the Company nor any of its subsidiaries makes any representation or undertaking regarding the
treatment of any tax withholding in connection with the awarding or vesting of the RSUs or the subsequent sale of shares. The Company and its subsidiaries do not commit and are under no obligation to structure the RSUs to reduce or eliminate the
Participant’s tax liability. 
 (b) Prior to any tax withholding becoming due, the Participant must make arrangements acceptable to the
Administrator to satisfy such withholding and must satisfy such tax withholdings when due. To the extent permitted by the Administrator or if otherwise authorized pursuant to Section 2.5(c) below, the Company will withhold a portion of the
Shares distributable in connection with the RSUs that have an aggregate fair market value sufficient to pay the minimum federal, state and local income, employment and any other applicable taxes required to be withheld by the Company or the
employing subsidiary with respect to the shares. Notwithstanding any contrary provision of this Agreement, no Shares will be issued by the Company unless and until satisfactory arrangements (as determined by the Administrator) have been made by the
Participant with respect to the payment of any 

  
 A-2 

 
income and other taxes which the Company determines must be withheld or collected as of the payment date with respect to such Shares. In addition and to the maximum extent permitted by Applicable
Law, and to the extent other satisfactory arrangements are not made by the Participant, the Company (or the employing subsidiary) has the right to retain from salary or other amounts payable to the Participant, cash having a value sufficient to
satisfy any tax withholding obligations that cannot be satisfied by the withholding of otherwise deliverable Shares and any other arrangements made by the Participant. 

(c) In the event Shares are to be distributed to the Participant pursuant to Section 2.3(a) prior to the occurrence of an IPO, then Participant
shall have the right to cause the Company to withhold from the Shares otherwise distributable to Participant a number of Shares having a Fair Market Value equal to the amount of federal, state and local income and employment taxes due or that will
become due as a result of such distribution of Shares and to remit an equivalent cash amount on Participant’s behalf to the applicable taxing authorities. 

2.6 Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of the rights or
privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares (which may be in book-entry form) will have been issued and recorded on the records of the Company or
its transfer agents or registrars, and delivered to Participant (including through electronic delivery to a brokerage account). Except as otherwise provided herein, after such issuance, recordation and delivery, Participant will have all the rights
of a stockholder of the Company with respect to such Shares, including, without limitation, the right to receipt of dividends and distributions on such Shares. 

ARTICLE III. 
 OTHER
PROVISIONS 
 3.1 Administration. The Administrator shall have the power to interpret the Plan, the Grant Notice and this
Agreement and to adopt such rules for the administration, interpretation and application of the Plan, the Grant Notice and this Agreement as are consistent therewith and to interpret, amend or revoke any such rules. All actions taken and all
interpretations and determinations made by the Administrator will be final and binding upon Participant, the Company and all other interested persons. To the extent allowable pursuant to Applicable Law, no member of the Committee or the Board will
be personally liable for any action, determination or interpretation made with respect to the Plan, the Grant Notice or this Agreement. 

3.2 RSUs Not Transferable. The RSUs may not be sold, pledged, assigned or transferred in any manner other than by will or the laws of
descent and distribution, unless and until the Shares underlying the RSUs have been issued, and all restrictions applicable to such Shares have lapsed. No RSUs or any interest or right therein or part thereof shall be liable for the debts, contracts
or engagements of Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or
by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect, except to the extent that such
disposition is permitted by the preceding sentence. 
 3.3 Shares Subject to Plan and Stockholders Agreement. The Participant
acknowledges that the Shares are subject to the terms of the Plan and, if applicable, the Stockholders Agreement and that, if applicable, the Participant must execute the Stockholders Agreement prior to receiving any Shares under this Agreement. In
the event of a conflict between the terms of this Agreement and the Plan or the Stockholders Agreement, the terms of the Plan or Stockholders Agreement, as applicable, will control. 

  
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 3.4 Notices. Any notice to be given under the terms of this Agreement to the Company
shall be addressed to the Company in care of the Secretary of the Company at the Company’s principal office, and any notice to be given to Participant shall be addressed to Participant at Participant’s last address reflected on the
Company’s records. By a notice given pursuant to this Section 3.4, either party may hereafter designate a different address for notices to be given to that party. Any notice shall be deemed duly given when sent via email or when sent by
certified mail (return receipt requested) and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 

3.5 Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this
Agreement. 
 3.6 Governing Law. The laws of the State of Delaware shall govern the interpretation, validity, administration,
enforcement and performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws. 

3.7 Conformity to Securities Laws. Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform
to the extent necessary with all Applicable Laws, including, without limitation, the provisions of the Securities Act and the Exchange Act, and any and all regulations and rules promulgated thereunder by the Securities and Exchange Commission, and
state securities laws and regulations. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the RSUs are granted, only in such a manner as to conform to Applicable Law. To the extent permitted by Applicable Law, the
Plan and this Agreement shall be deemed amended to the extent necessary to conform to Applicable Law. 
 3.8 Amendment, Suspension and
Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Administrator or the Board, provided that, except
as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this Agreement shall adversely affect the RSUs in any material way without the prior written consent of Participant. 

3.9 Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this
Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth in Section 3.2 and the Plan, this Agreement shall be binding upon and inure to the benefit of the heirs,
legatees, legal representatives, successors and assigns of the parties hereto. 
 3.10 Not a Contract of Employment. Nothing in this
Agreement or in the Plan shall confer upon Participant any right to continue to serve as an employee or other service provider of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its
Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of 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 Company or a Subsidiary and Participant. 
 3.11 Entire Agreement. The Plan, the Grant Notice and this Agreement
(including any exhibit hereto) constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof. 

3.12 Section 409A. This Award is not intended to constitute “nonqualified deferred compensation” within the meaning of
Section 409A of the Code (together with any Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any 

  
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such regulations or other guidance that may be issued after the date hereof, “Section 409A”). However, notwithstanding any other provision of the Plan, the Grant Notice or this
Agreement, if at any time the Administrator determines that this Award (or any portion thereof) may be subject to Section 409A, the Administrator shall have the right in its sole discretion (without any obligation to do so or to indemnify
Participant or any other person for failure to do so) to adopt such amendments to the Plan, the Grant Notice or this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take
any other actions, as the Administrator determines are necessary or appropriate for this Award either to be exempt from the application of Section 409A or to comply with the requirements of Section 409A. 

3.13 Agreement Severable. In the event that any provision of the Grant Notice or this Agreement is held invalid or unenforceable, such
provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of the Grant Notice or this Agreement. 

3.14 Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided.
This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall
have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs. 

3.15 Counterparts. The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature, subject
to Applicable Law, each of which shall be deemed an original and all of which together shall constitute one instrument. 

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