Document:

2009 Long Term Incentive Plan

 Exhibit 10.1 
 JINKOSOLAR HOLDING CO., LTD. 2009 LONG TERM INCENTIVE PLAN 
 (AMENDED AND
RESTATED AS OF JANUARY 25, 2010) 
 RECITALS 
 A. Under the original 2009 Long Term Incentive Plan (the “Original Plan”), there were a total of 4,783,200 ordinary shares (after giving effect to the 2009 share split) reserved for the grant of
share options. 
 B. Prior to the date of this amendment to the Original Plan, options over 3,024,750 shares had been granted such that there
were 1,758,450 shares available for grant. 
 C. Pursuant to this amendment to the Original Plan, a further 2,541,922 shares are being reserved
under the Original Plan such that as at the date of this amendment, a total of 4,300,372 shares are available. 
 WHEREFOR, the 2009 Long Term
Incentive Plan is hereby amended and restated in its entirety as follows: 
 Section 1. Purpose 
 The purpose of the 2009 Long Term Incentive Plan, as amended (the “Plan”) of JinkoSolar Holding Co., Ltd., a Cayman Islands
company (the “Company”) is to promote the interests of the Company by enabling it to attract, retain and motivate key employees, directors and consultants responsible for the success and growth of the Company and its subsidiaries by
providing them with appropriate incentives and rewards and enabling them to participate in the growth of the Company. The Plan provides for the grant of Options, Restricted Shares, Restricted Share Units, Share Appreciation Rights and Other
Share-Based Awards. Options granted under the Plan may include Nonqualified Stock Options as well as Incentive Stock Options intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

 Certain capitalized terms used in this Plan are defined in Section 2. 
 Section 2. Definitions 
 (a) “American Depositary Shares” or “ADSs” means American Depositary Shares issued by a depositary bank and representing the Company’s Shares. 
 (b) “Applicable Laws” means (i) the laws of the Cayman Islands as they relate to the Company and its Shares;
(ii) the legal requirements relating to the Plan and Awards under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders; and (iii) the rules of any applicable securities exchange,
of any jurisdiction applicable to Awards granted to residents therein. 
  

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 (c) “Award” means any Option, Share Appreciation Right, Restricted Share,
Restricted Share Unit, or Other Share-Based Award granted under the Plan. 
 (d) “Award Agreement” means the
written agreement or other written instrument between the Company and a Participant that evidences and sets forth the terms, conditions and restrictions pertaining to a Participant’s Award. 
 (e) “Board” means the Board of Directors of the Company. 
 (f) “Cause” means, with respect to the termination by the Company of a Participant’s Service, that such termination is
for “cause” as such term is expressly defined in the relevant written agreement between the Participant and the Company, or in the absence of any such written agreement or definition, means (i) misconduct by the Participant in the
performance of the Participant’s duties and obligations to the Company or its Subsidiaries; (ii) dishonesty, fraud, breach of duty of loyalty, insubordination, violation of Company policies, gross negligence, gross incompetence, any
intentional act contrary to the interests of the Company, embezzlement or misappropriation by the Participant relating to the Company or any of its affiliates or any of their funds, properties or assets or failure to follow any lawful directive of
the Board; (iii) the neglect or failure by the Participant, after written notice and thirty (30) days to cure (or such shorter period of cure as the Board reasonably determines is necessary to avoid an adverse effect on the business of the
Company), to perform the duties assigned to him or her or; (iv) any material breach of any employment agreement, noncompetition agreement or other agreement with the Company and/or its affiliates; (v) the conviction by Participant or plea
of nolo contendere (or similar plea) to any facts constituting a felony or a misdemeanor involving moral turpitude; or (vi) acting in a manner or making any statements which the Board reasonably determines to have an adverse effect on
the reputation, operations, prospects or business relations of the Company or its affiliates. Determination of Cause will be made by the Board in its sole discretion. 
 (g) “Change in Control” means a change in ownership or control of the Company after the date of the effectiveness of the Company’s first registration statement on Form F-1 filed with
the US Securities and Exchange Commission, effected by means of: 
 (i) The acquisition by any individual, entity or group
(within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”), within any period of 12 consecutive months, of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
50% or more of the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for
purposes of this subsection (i), the following acquisitions shall not constitute a Change in Control: (1) any acquisition directly from the Company, (2) any acquisition by the Company, (3) any acquisition by any employee benefit plan
(or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (4) any acquisition by any corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of subsection
(iii) below; or 
 (ii) Individuals who, as of the Effective Date, constitute the Board (the “Incumbent
Board”) cease, within any period of 12 consecutive months, for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Effective Date whose election, or
nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board; or 
  

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 (iii) Consummation of a reorganization, merger or consolidation of the Company(a
“Business Combination”) or a sale or other disposition of all or substantially all of the assets of the Company having a total gross fair market value equal to or more than 50% of the Outstanding Company Common Stock or Outstanding
Company Voting Securities other than to a “related party,” as such term is defined in the regulations issued under Section 409A of the Code, unless, following such Business Combination, (A) all or substantially all of the
individuals and entities who were the beneficial owners, of the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the combined voting power of the then
outstanding voting securities entitled to vote generally in the election of directors, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company
or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company Voting
Securities; (B) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns,
directly or indirectly, 20% or more of the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination; and (C) at least a majority of
the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business
Combination; or 
 (iv) Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company.

 Notwithstanding the foregoing and anything to the contrary in the Plan, for the purposes of this Plan and with respect to any and all clauses
of this Section of the Plan, (i) an IPO or any transactions or events constituting part of an IPO shall not be deemed to constitute or in any way effect a Change in Control and (ii) if it is determined that an Award hereunder is subject to
the requirements of Section 409A of the Code, the Company will not be deemed to have undergone a Change in Control unless the Company is deemed to have undergone a change in the ownership or effective control of the Company or in the ownership
of a substantial portion of the assets of the Company (as such terms are defined in Section 409A of the Code and the regulations thereunder) for purposes of the payment of any amounts pursuant to Section 12(b) or any other provision of the
Plan. 
  

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 (h) “Committee” means a committee of the Board, having the composition,
powers and duties as described in Section 3(a). 
 (i) “Consultant” means any person (other than an
Employee or a Director, solely with respect to rendering Services in such person’s capacity as a Director) who (i) is engaged by any Relevant Group Company to render consulting or advisory services to the Company or such Relevant Group
Company or (ii) the Board determines has performed bona fide services to, or has made contributions to the business or other development of, the Company or other Relevant Group Company. 
 (j) “Covered Employee” means a “covered employee,” as defined in Code Section 162(m) and Treasury Regulation
Section 1.162-27(c) (or its successor), during any period that the Company is a Publicly Held Corporation. 
 (k)
“Director” means a non-employee member of the Board. 
 (l) “Effective Date” means the date on
which this Plan is approved by the shareholders of the Company. 
 (m) “Employee” means any person, including
an officer or Director of the Company, any Parent or Subsidiary of the Company, who is in the employ of a Relevant Group Company, subject to the control and direction of the Relevant Group Company as to both the work to be performed and the manner
and method of performance. The payment of a Director’s fee by a Relevant Group Company shall not be sufficient to constitute “employment” for this purpose. 
 (n) “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 
 (o) “Exercise Price” means the amount for which one Share may be purchased when an Option is exercised, as specified by the Board in the applicable Award Agreement. 
 (p) “Fair Market Value,” as of a particular date, means: 
  

	 	(i)	if the Shares are then listed or admitted to trading on Nasdaq or New York Stock Exchange (“NYSE”) or another established securities exchange, the closing
price of a Share on Nasdaq, the NYSE or other established securities exchange, for the date of determination, or if no sale occurred on such date, the first trading date immediately prior to such date, the first trading date immediately prior to
such date during which a sale occurred; or 

  

	 	(ii)	if the Shares are not traded on an exchange but are quoted on an established market or other quotation system, the last sales price on such date, or if no sales
occurred on such date, then on the date immediately prior to such date on which sales prices are reported; 

  

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	 	(iii)	if the Shares are not then listed or admitted to trading on Nasdaq or the NYSE, such value as the Board, acting in good faith and in compliance with Code
Section 409A, determines, with reference to (i) the placing price of the latest private placement of the Shares, the development of the Company’s business operations and general economic and market conditions since such latest private
placement, (ii) any independent valuation of the Company’s equity or (iii) such other methodologies or information as the Committee determines to be indicative of Fair Market Value. 

 (q) “IPO” means a firm underwritten public offering of Shares (or ADSs representing the Shares) with a listing on Nasdaq,
NYSE or other internationally recognized securities exchange duly approved by the shareholders of the Company. 
 (r)
“Incentive Stock Option” or “ISO” means an option intended to qualify as an incentive stock option within the meaning of Code Section 422. ISOs under the Plan may only be granted to Participants who are U.S.
taxpayers. 
 (s) “Nasdaq” means any of Nasdaq Capital Market, Nasdaq Global Market or Nasdaq Global Select
Market, and “listed or admitted to trading on Nasdaq” shall have correlative meaning. 
 (t) “Nonqualified
Stock Option” or “NQSO” means an option granted pursuant to the Plan that is not an ISO. 
 (u)
“Option” means an ISO or NQSO granted under the Plan that entitles the holder to purchase Shares. 
 (v)
“Other Share-Based Awards” are Awards (other than Options, Share Appreciation Rights, Restricted Shares or Restricted Share Units) granted pursuant to Section 10 hereof that are denominated in, valued in whole or in part by
reference to, or otherwise based on or related to, Shares. 
 (w) “Parent” means any corporation, whether now
or hereafter existing (other than the Company), in an unbroken chain of corporations ending with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing more than 50% of the total combined
voting power of all classes of shares in one of the other corporations in such chain. 
 (x) “Participant”
means a person who, as a Director, Employee or Consultant, has been granted an Award by the Board or the Committee under the Plan. 
 (y) “Performance Objective” means one or more objective, measurable performance factors as determined by the Board with respect to each Performance Period based upon one or more of the factors set forth in
Section 13(b) of the Plan. 
 (z) “Performance Period” means a period for which Performance Objectives are
set and during which performance is to be measured to determine whether a Participant is entitled to payment of an Award under the Plan. A Performance Period may coincide with one or more complete or partial calendar or fiscal years of the Company.
Unless otherwise designated by the Board, the Performance Period will be based on the calendar year. 
  

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 (aa) “Publicly Held Corporation” means a corporation issuing any class of
common equity securities required to be registered under Section 12 of the Exchange Act. 
 (bb) “Related
Entity” means any business, corporation, partnership, limited liability company or other entity in which the Company, a Parent or Subsidiary of the Company holds a substantial ownership interest, directly or indirectly, but which is not a
Subsidiary and which in each case the Board designates as a Related Entity for purposes of the Plan. 
 (cc) “Relevant
Group Company” means the Company, any Parent or Subsidiary of the Company and any Related Entity to which a Participant provides Services. 
 (dd) “Restricted Shares” means Shares granted to a Participant under Section 8 hereof which are subject to certain restrictions (which may include, but are not limited to, continuous
Service, achievement of specific business objectives, increases in specified indices, attaining growth rates, and other comparable measurements of the Company or its Subsidiaries’ performance) and to a risk of forfeiture or repurchase by the
Company. 
 (ee) “Restricted Share Unit” or “RSU” means a bookkeeping entry representing an unfunded
right to receive (if conditions are met) an amount equal to the Fair Market Value of one Share, granted pursuant to Section 9 hereof. 
 (ff) “Service” means service as an Director, Employee or Consultant. 
 (gg) “Share” means one ordinary share of the Company, and such other securities of the Company as may be substituted for Shares pursuant to Section 12 hereof. 
 (hh) “Share Appreciation Right” or “SAR” means an Award granted to a Participant, as described in
Section 7 hereof. 
 (ii) “Subsidiary” means any corporation (other than the Company) in an unbroken chain
of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns shares possessing 50% or more of the total combined voting power of all classes of shares in one of the other
corporations in the chain. A corporation that becomes a Subsidiary on a date after the adoption of the Plan will be considered a Subsidiary commencing as of that date. 
 Section 3. Administration 
 (a) Committees of the Board. The Plan may
be administered by one or more Committees. A Committee will consist of three or more members of the Board, and will have the authority and be responsible for those functions assigned to it by the Board. If no Committee is appointed, the entire Board
will administer the Plan. Any reference to the Board in the Plan will be construed as a reference to the Committee, if any, to which the Board assigns a particular function in connection with the Plan. If the Company is a Publicly Held Corporation,
the Plan shall be administered by a Committee appointed by the Board consisting of not less than three directors who fulfill the “nonemployee director” requirements of Rule 16b-3 under the Exchange Act, the independence requirements of the
principal exchange or quotation system on which the Shares are listed or quoted, and the “outside director” requirements of Code Section 162(m). Nothing in this Section 3(a) shall affect the Company’s ability to take
advantage of any available exemptions from the provisions of Section 16 of the Exchange Act and the independence requirements of the principal securities exchange on which the Shares are listed, for so long as the Company is a “foreign
private issuer” as defined in Rule 3b-4 under the Exchange Act. 
  

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 (b) Compliance with Code Section 162(m). The Board may, but is not required to,
grant Awards that are intended to qualify as performance-based compensation exempt from the deductibility limitations of Code Section 162(m) (“Qualified Performance Awards”). Any such grants shall be made and certified only by
a Committee (or a subcommittee thereof) consisting solely of two or more “outside directors” (as such term is defined under Code Section 162(m)). 
 (c) Powers of the Board. Subject to the provisions of the Plan, the Board has the discretionary authority and power to: 
 (i) Determine and designate those individuals selected to receive Awards; 
 (ii) Determine the terms of Awards, including the exercise price, time at which each Award will be granted and the number of Shares subject
to each Award; 
 (iii) Establish the terms and conditions upon which Awards may be exercised, vested or paid (including any
requirements that the Participant or the Company satisfy performance criteria or Performance Objectives); 
 (iv) Prescribe,
amend, or rescind any rules and regulations necessary or appropriate for the administration of the Plan; 
 (v) Grant Awards in
substitution for options or other equity interests held by individuals who become Employees of the Company or one of its Subsidiaries as a result of the Company’s acquiring or merging with the individual’s employer. If necessary to conform
the Awards to the interests for which they are substitutes, the Board or a Committee may grant substitute Awards under terms and conditions that vary from those the Plan otherwise requires. Notwithstanding anything in the foregoing to the contrary,
any Award to any participant who is a U.S. taxpayer will be adjusted appropriately to comply with Code Section 409A or 424, if applicable; 
 (vi) Correct any defect, supply any deficiency, and reconcile any inconsistency in the Plan or in any related Award or agreement; and 
 (vii) Make other determinations and take such other action in connection with the administration of the Plan as it deems necessary or
advisable. 
  

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 (d) Delegation of Duties. The Board may delegate to designated officers of the
Company any of its duties and authority under the Plan pursuant to such conditions or limitations as the Board may establish from time to time including, without limitation, the authority to recommend individuals for the grant of Awards and the form
and terms of their Awards; provided, however, the Board may not delegate to any person the authority (i) to grant Awards or (ii) if the Company is a Publicly Held Corporation, to take any action which would contravene the requirements of
Rule 16b-3 under the Exchange Act or the Sarbanes-Oxley Act of 2002. 
 (e) Interpretation of Plan. The Board has the
discretionary authority and power to interpret and construe the Plan and all related Awards and agreements, to resolve any ambiguities and determine the amount of benefits payable to a person under the Plan. All decisions, interpretations and
determinations of the Board with respect to the Plan will be final and binding on all Participants and all persons deriving their rights from Participants. 
 (f) Indemnification. Each member of the Board is indemnified and held harmless by the Company against any cost or expense (including any sum paid in settlement of a claim with the approval of the
Company) arising out of any act or omission to act in connection with the Plan to the extent permitted by applicable law. This indemnification is in addition to any rights of indemnification a member may have as a Director or otherwise under the
Articles of Association of the Company or a Subsidiary, any agreement, any vote of shareholders or disinterested directors, or otherwise. 
 Section 4. Eligibility 
 (a) General Rule. Persons eligible to
participate in this Plan include all Employees, Directors and Consultants of the Company or any Relevant Group Company, as determined by the Board. Any Awards, other than ISOs, may be granted to Employees, Consultants and Directors. ISOs may be
granted only to Employees of the Company, its Parent or any Subsidiary. 
 (b) Ten-Percent Shareholders. An individual
who owns more than 10% of the total combined voting power of all classes of outstanding shares of the Company or any of its Subsidiaries (as determined in accordance with Code Section 424(d)) will not be eligible for the grant of an ISO unless
(i) the Exercise Price is at least 110% of the Fair Market Value of a Share on the date of grant and (ii) the Option by its terms is not exercisable after the expiration of 5 years from the date of grant. 
 (c) Variation by Jurisdiction. In order to assure the viability of Awards granted to Participants employed in various jurisdictions,
the Board may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy or custom applicable in the jurisdiction in which the Participant resides or is employed. Moreover, the
Board may approve such supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the Plan as in effect for any other
purpose; provided, however, that no such supplements, amendments, restatements or alternative versions shall increase the limitation on the number of Shares subject to grant set out in Section 5(a), and provided further that the
granting of Awards under the Plan shall in all cases comply with Applicable Laws. 
  

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 Section 5. Shares Subject To Plan 
 (a) Number of Shares. The aggregate number of Shares that may be issued under the Plan or covered by Awards including upon the
exercise of ISOs, is 7,325,122 Shares (being the original 4,783,200 Shares, of which 3,024,750 options had been granted as of the date of this amendment plus an additional 2,541,922 Shares added pursuant to this amendment), subject to
adjustment pursuant to Section 12. Shares available for grant of Awards under the Plan may be authorized but unissued Shares or treasury Shares. The number of Shares that are subject to Awards outstanding at any time under the Plan shall not
exceed the number of Shares that then remain available for grant under the Plan. 
 (b) Shares Subject to Reoption. In
the event that any Award granted under the Plan expires, is terminated unexercised, or is forfeited or settled or in a manner that results in fewer Shares being issued than were initially awarded, the Shares subject to the Award, to the extent of
such expiration, termination, forfeiture or reduction shall again become available for grant of subsequent Awards under the Plan. If payment for the exercise of an Award is made by transfer to the Company of Shares owned by the Participant or Shares
withheld by the Company upon exercise, the Shares transferred to the Company or withheld by the Company will be added to the Company’s treasury or canceled and become authorized and unissued shares. Unissued Shares in respect of an outstanding
Award that is settled in cash shall not be available for purposes of the Plan. Shares that are issued under the Plan and subsequently acquired by the Company shall be available for grant of subsequent Awards. To the extent permitted by Applicable
Laws, Shares issued in assumption of, or in substitution for, any outstanding awards of any entity acquired by the Company or any Parent or Subsidiary of the Company shall not be counted against the Shares available for grant pursuant to the Plan.

 (c) Shares Issued. Any Shares issued or distributed pursuant to an Award may consist, in whole or in part, of
authorized and unissued Shares, treasury Shares (subject to Applicable Laws) or Shares purchased on the open market. In the discretion of the Board, American Depositary Shares representing the number of Shares to be issued or distributed pursuant to
an Award (subject to adjustment based on the applicable ratio of ADSs to Shares) may be distributed in lieu of Shares in settlement of any Award. 
 (d) Code Section 162(m) Limitations on Awards. During any period that the Company is a Publicly Held Corporation, unless the Board determines that a particular Award granted to a Covered
Employee is not intended to be a Qualified Performance Award, the following rules shall apply to grants of Awards to Covered Employees: 
 (i) Subject to the provisions of Section 12(a), relating to capitalization adjustments, the maximum aggregate number of Shares that may be granted (in the case of Options and SARs) or that may vest
(in the case of Restricted Shares, Restricted Share Units or Other Share-Based Awards), as applicable, in any calendar year pursuant to any Award held by any individual Covered Employee shall be 10,000 Shares, subject to the annual review and
adjustment by the Board. 
  

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 (ii) The maximum aggregate cash payout (with respect to any Awards paid out in cash) in any
calendar year which may be made to any Covered Employee shall be US $1,000,000. 
 (iii) To the extent required by Code
Section 162(m), in applying the foregoing limitation with respect to a Covered Employee, if any Award intended to comply with Section 162(m) is canceled, the cancelled Award shall continue to count against the maximum number of Shares with
respect to which an Award may be granted to a Covered Employee. 
 Section 6. Terms And Conditions Of Option 

(a) Written Agreement. Each grant of an Option under the Plan will be evidenced by an Award Agreement between the Participant and
the Company, setting forth the terms, conditions and limitations for each Option which may include the provisions applicable in the event the Participant’s Service terminates, and the Company’s authority to unilaterally or bilaterally
amend, modify, suspend, cancel or rescind an Option, in each case as the Board deems appropriate and consistent with this Plan. The provisions of Award Agreements entered into under the Plan need not be identical. 
 (b) Number of Shares. Each Award Agreement will specify the number of Shares that are subject to the Award or the formula for
determining the number of Shares that are subject to the Award, and will further provide for the adjustment in accordance with Section 12. The Award Agreement also will specify whether an Option is an ISO or NQSO. However, if any portion of an
Option does not meet the requirements to qualify as an ISO, that portion will be an NQSO. 
 (c) Exercise Price. Each
Award Agreement pertaining to an Option will specify the Exercise Price as determined by the Board. The Exercise Price of Options awarded to United States taxpayers shall not be less than 100% of the Fair Market Value of a Share on the date of
grant, and, in the case of ISOs, any higher percentage required by Section 4(b), except where a lower Exercise Price is required to comply with Code Section 409A or 424 in the event of an Option substitution, as contemplated by
Section 3(c)(v), or except as provided under Section 12(a) relating to capitalization adjustments. 
 (d) Term.
The Award Agreement will specify the term of the Option. The Board in its sole discretion may determine when an Option is to expire, except that the term may not exceed ten (10) years from the date of grant or five (5) years from the date
of grant for an ISO granted to 10% or greater shareholder as required by Section 4(b). 
 (e) Vesting. Each
Award Agreement will specify when all or any portion of the Option becomes exercisable. The vesting provisions of any Award Agreement will be determined by the Board in its sole discretion, and may provide that Options shall vest over a period of
four years from the date of grant in the proportion of 25% of such Options per year, and may be exercised once per year, or such other provisions as the Board in its discretion may direct. 
 (f) No Rights as a Shareholder. Unless otherwise specified in an Award Agreement, a Participant, or a transferee of a Participant,
has no rights as a shareholder with respect to any Shares covered by such Option prior to the date of issuance to the Participant or transferee of a certificate or certificates for the Shares. 
  

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 (g) $100,000 Annual Limitation on ISO. To the extent that the aggregate Fair Market
Value (determined with respect to each ISO as of the time the ISO is granted) of the Shares with respect to which ISOs are exercisable for the first time by a Participant during any calendar year (under all plans of the Company and its Subsidiaries)
exceeds US $100,000, the Option or portions of the Option that exceed such limit will be treated as NQSOs (in the reverse order in which they were granted, so that the last ISO will be the first to be treated as NQSO). 
 (h) Method of Exercise and Payment. Options shall be exercised by the delivery of a signed written notice of exercise to the Company
which must be received as of a date set by the Company in advance of the effective date of the proposed exercise. The notice shall set forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for
the Shares. The Exercise Price upon exercise of any Option shall be payable to the Company in full in the following manner: 
 (i) in cash or cash equivalents when the Shares are purchased; 
 (ii) subject to prior approval by the Board in its
discretion, by surrendering Shares that are already owned by the Participant. Such Shares will be surrendered to the Company in good form for transfer and will be valued at their Fair Market Value on the date when the Option is exercised. Unless the
Board otherwise determines, the Participant will not surrender Shares in payment of the Exercise Price if that action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to the Option for
financial reporting purposes; 
 (iii) subject to prior approval by the Board in its discretion, with a full recourse
promissory note. Shares issuable pursuant to the Option will be pledged as a security for payment of the principal amount of the promissory note and interest on it. The interest rate payable under the terms of the promissory note will not be less
than the minimum rate (if any) required to avoid the imputation of additional interest under the Code. Subject to the foregoing, the Board (at its sole discretion) will specify the term, interest rate, amortization requirements (if any) and other
provisions of any note; 
 (iv) subject to prior approval by the Board in its discretion, and if the Shares or ADSs are is
publicly traded, by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell the Shares and to deliver all or part of the sales proceeds to the Company in payment of all or
part of the Exercise Price and any withholding taxes; 
 (v) subject to prior approval by the Board in its discretion, and if
the Shares or ADSs are publicly traded, by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge the Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or
part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes; or 
  

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 (vi) subject to prior approval by the Board in its discretion, any combination of the above
methods of payment. 
 Notwithstanding anything to the contrary in this Section 6, if the Company is a Publicly Held Corporation, any
payment by a promissory note or a broker-assisted exercise may be made only if and to the extent that the Company determines that it is permissible under section 402 of the Sarbanes-Oxley Act of 2002 as amended from time to time. 
 Section 7. Share Appreciation Rights 
 (a) Written SAR Agreement. Each SAR will be evidenced by an Award Agreement that will specify the grant price, the term of the SAR, the conditions of exercise, and such other terms and conditions
as the Board, in its sole discretion, may determine. 
 (b) Terms of SAR Awards. Subject to the terms of the Plan and any
applicable Award Agreement, a SAR granted under the Plan shall confer on the holder thereof a right to receive, upon exercise thereof, the excess of (i) the Fair Market Value of one Share on the date of exercise over (ii) the sum of
(A) the grant price of the SAR as specified by the Board in the Award Agreement, which shall not be less than 100% of the Fair Market Value of one Share on the date of grant of the SAR and (B) unless the holder elects to pay such tax in
cash, any amount of tax that must be withheld in connection with such exercise. Subject to the terms of the Plan, the grant price, term, methods of exercise, methods of settlement (including whether the Participant will be paid in cash, Shares or
any combination thereof), and any other terms and conditions of any SARs shall be determined by the Board. The Board may impose such conditions or restrictions on the exercise of any SARs as it may deem appropriate. 
 Section 8. Restricted Shares 
 (a) Written Restricted Share Agreement. The terms and conditions of each grant of Restricted Shares shall be evidenced by an Award Agreement that will specify the terms and conditions of such Award
as the Board, in its sole discretion, may determine. 
 (b) Vesting, Payment and Other Terms. Awards of Restricted Shares
may be subject to restrictions and vesting conditions, including time-based vesting conditions and/or the attainment of performance-based vesting conditions or Performance Objectives, as determined by the Board and, with regard to Performance
Objectives, determined and certified by the Board (in the manner prescribed by Code Section 162(m)). To the extent consistent with the Company’s Articles of Association at the Board’s election, Restricted Shares may be (i) held
in book entry form subject to the Company’s instructions until any restrictions relating to the Restricted Shares lapse; or (ii) evidenced by a certificate, which certificate shall be held in such form and manner as determined by the
Board. If certificates representing Restricted Shares are registered in the name of the Participant, certificates must bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Shares, and the
Company may, at its discretion, retain physical possession of the certificates until such time as all applicable restrictions lapse. The Restricted Shares will become nonforfeitable at such times and in such manner as the Board determines; provided,
however, that, except with respect to Restricted Share awards the Board designates as Qualified Performance Awards, the Board may, on such terms and conditions as it determines appropriate, accelerate the time at which restrictions or other
conditions on such awards of Restricted Shares will lapse. Unless otherwise specified by the Board in the Award Agreement, the Restricted Shares that are subject to restrictions which are not satisfied shall be forfeited and all rights of the
Participant to such Shares shall terminate. 
  

 - 12 - 

 (c) Rights as a Shareholder. Unless otherwise specified in the Award Agreement, each
Award of Restricted Shares shall constitute an immediate transfer of the record and beneficial ownership of the Restricted Shares to the Participant in consideration of the performance of Services as a Director, Employee or Consultant, as
applicable, entitling such Participant to all voting, dividends and other ownership rights in such Shares. As specified in the Award Agreement, an Award of Restricted Shares may limit the Participant’s dividend or voting rights during the
period in which the Restricted Shares are subject to a “substantial risk of forfeiture” (within the meaning given to such term under Code Section 83) and restrictions on transfer. In the Award Agreement, the Board, in its discretion,
may apply any other restrictions on the dividend rights that the Board deems appropriate. 
 (d) Consideration for Restricted
Shares. Restricted Shares shall be awarded for no additional consideration or such additional consideration as the Board may determine satisfies Cayman Islands corporate law requirements, which consideration may be less than, equal to or greater
than the Fair Market Value of the shares of Restricted Shares on the grant date. 
 Section 9. Restricted Share Units 

 (a) Written RSU Agreement. The terms and conditions of each grant of RSUs shall be evidenced by an Award Agreement that
will specify the terms and conditions of such Award, including the number of RSUs, the vesting criteria and such other provisions as the Board shall determine. RSUs shall be credited as a bookkeeping entry in the name of the Participant in an
account maintained by the Company. No Shares are actually issued to the Participant in respect of RSUs on their date of grant. 
 (b) Vesting Criteria and Payment Terms. The Board shall set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of RSUs that will be paid out to the Participant.
Unless otherwise provided in an Award Agreement, upon meeting the applicable vesting criteria, the Participant shall be entitled to receive a payout as specified in the RSU Award Agreement. At any time after the grant of RSUs, except with respect to
RSU awards the Board designates as Qualified Performance Awards, the Board, in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a payout. The Board, in its sole discretion, may pay RSUs in cash or in Shares
(or in a combination thereof) that have an aggregate Fair Market Value equal to the value of the earned RSUs. Payments in settlement of RSUs shall be made not later than the March 15 following the year in which the vesting criteria are met to
the extent that such Awards are intended to qualify for the “short-term deferral” exception under Code Section 409A. 
 (c) No Rights as a Shareholder. A Participant shall have no rights as a shareholder with respect to the Shares underlying RSUs granted hereunder. 
  

 - 13 - 

 (d) Dividend Equivalents. At the discretion of the Board, a Participant may be
awarded the right to receive Dividend Equivalents, which may be paid currently or credited to an account for the Participant, and may be settled in cash and/or Shares, as determined by the Board in its sole discretion, subject in each case to such
terms and conditions as the Board shall establish. Without limiting the generality of the preceding sentence, if RSUs and/or the Dividend Equivalents is designated as a Qualified Performance Award, the Board may apply any restrictions it deems
appropriate to the payment of Dividend Equivalents awarded with respect to such RSUs, such that the RSUs and/or Dividend Equivalents maintain eligibility for the Code Section 162(m) performance-based exception. 
 (e) Forfeiture. On the date set forth in the Award Agreement, all unvested RSUs shall expire and be forfeited to the Company.

 Section 10. Other Share-Based Awards 
 The Board may grant Other Share-Based Awards that are denominated in, valued in whole or in part by reference to, or otherwise based on or related to, Shares. The purchase, exercise, exchange or
conversion of Other Share-Based Awards and all other terms and conditions applicable to such Awards will be determined by the Board in its sole discretion and set forth in an Award Agreement. Such Awards may be settled in Shares, cash or any
combination thereof. 
 Section 11. Termination Of Service 
 (a) Termination of Service Before an IPO. If a Participant’s Service terminates for any reason prior to an IPO, any outstanding
unexercised or unvested Award granted to the Participant will terminate and be forfeited for no consideration on the date of the Participant’s termination of Service. 
 (b) Termination of Service After an IPO. 
 (i) Unless otherwise provided in the Award Agreement, upon termination of a Participant’s Service on or following an IPO for any reason other than for death, all unvested portions of any outstanding
Awards shall be immediately forfeited without consideration, the vested portion of any outstanding RSUs or Other Share-Based Awards shall be settled upon termination and the Participant shall have a period of three (3) months (twelve
(12) months in the case of termination of Service due to death), commencing with the date the Participant’s Service has terminated, to exercise the vested portion of any outstanding Options or SARs, subject to the term of the Option or
SAR. The Participant may exercise all or part of his or her Options or SARs at any time before their expiration under this subsection, but only to the extent that the Options or SARs had become exercisable before the date the Participant’s
Service terminated. Those Options or SARs that are not exercisable immediately before the date of termination of Service will expire on the date of termination of Service. If the Participant dies after the termination of his or her Service but
before the expiration of the Participant’s Options or SARs, all or part of the Options or SARs may be exercised (prior to expiration) by the executors or administrators of the Participant’s estate or by any person who has acquired the
Options or SARs directly from the Participant by beneficiary designation, bequest or inheritance, or in the case of NQSOs only, by other transfer, if permitted, but in any event only to the extent that the Options or SARs had become exercisable
before the Participant’s Service terminated (or became exercisable as a result of the termination of Service). 
  

 - 14 - 

 (ii) Unless otherwise provided in the Award Agreement or in an employment or other
compensation agreement between the Participant and the Company or any of its Subsidiaries, for purposes of this Subsection (b), the date of termination of Service occurs on the date the Participant is given notice of termination by the Company, the
date in which the Participant gives notice of termination to the Company or the date of death. 
 (c) Leaves of Absence.
Service will be deemed to continue while the Participant is on a bona fide leave of absence for less than six months, or if longer, if the Participant retains a right to reemployment with the Company under Applicable Law or the terms of any
employment agreement (as determined by the Company). 
 Section 12. Adjustment Of Shares; Corporate Events 
 (a) Capitalization Adjustments. If the Shares of the Company are increased, decreased, changed into or exchanged for a different
number or kind of shares or securities of the Company through a reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other similar transaction, the Board shall make such appropriate and
proportionate adjustments as it deems necessary or appropriate in one or more of (i) the number and class of shares subject to the Plan, (ii) the number of shares or class of shares covered by each outstanding Award and (iii) the
Exercise Price or grant price under each outstanding Option or SAR. 
 (b) Corporate Transactions. In the event that the
Company is subject to a Change in Control, the Board may provide for any of the following: (i) the cancellation of each outstanding Award after payment to the Participant of an amount, if any, in cash or cash equivalents equal to (x) the
Fair Market Value of the Shares subject to the Award at the time of the merger, consolidation or other reorganization minus, in the case of an Option or SAR, (y) the Exercise Price and grant price of the Shares subject to the Option or SAR;
(ii) the assumption or continuation by any surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) of any or all Awards outstanding under the Plan or substitution of similar awards for
Awards outstanding under the Plan (including but not limited to, awards to acquire the same consideration paid to the shareholders of the Company pursuant to the Change in Control), and any assignment by the Company to the successor of the Company
(or the successor’s parent company, if any) of any reacquisition or repurchase rights held by the Company in respect of Shares issued pursuant to Awards, in connection with such Change in Control, provided that the terms of any assumptions,
continuation or substitution shall be in accordance with the requirements of Code Section 409A or 424; (iii) the acceleration of exercisability or vesting of all or a portion of the Awards (in full or in part) to a date prior to the
effective time of such Change in Control (contingent upon the effectiveness of the Corporate Transaction) as the Board shall determine, and (iv) termination of Awards if not exercised (if applicable) at or prior to the effective time of the
Change in Control, and lapse of any reacquisition or repurchase rights held by the Company with respect to such Awards (contingent upon the effectiveness of the Corporate Transaction). 
  

 - 15 - 

 (c) Acceleration Upon a Change in Control. Notwithstanding Section 12(b) hereof,
and except as may otherwise be provided in any applicable Award Agreement or other written agreement entered into between the Company and a Participant, if a Change in Control occurs and a Participant’s Awards are not converted, assumed, or
replaced by a successor entity, then immediately prior to the Change in Control such Awards shall become fully exercisable and all forfeiture restrictions on such Awards shall lapse. Upon, or in anticipation of, a Change in control, the Board may
cause any and all Awards outstanding hereunder to terminate at a specific time in the future, including, but not limited to, the date of such Change in Control, and shall give each Participant the right to exercise such Awards during a period of
time as the Board, in its sole and absolute discretion, shall determine. In the event that the terms of any agreement between the Company or any Subsidiary or Related Entity and a Participant contains provisions that conflict with and are more
restrictive than the provisions of this Section 12(c), this Section 12(c) shall prevail and control and the more restrictive terms of such agreement (and only such terms) shall be of no force or effect. 
 (d) No Other Adjustment. Except as expressly provided in this Section 12, a Participant has no rights by reason of (i) any
subdivision or consolidation of shares of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of shares of any class, or any other dilution event. Without limiting the generality of the
foregoing, no adjustment will be made to the number of Shares subject to an Award or the Exercise Price or grant price of Shares subject to an Option or SAR in the event of any issuance by the Company of shares of any class, or securities
convertible into shares of any class at any price the Board may determine. The grant of an Award under the Plan will not confer any rights on a Participant in relation to, nor affect the right or power of the Company to make any adjustments,
reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 
 Section 13. Performance Awards 
 (a) Performance Rules. Subject to the terms of the Plan, the Board will have the authority to establish and administer performance-based grant and/or vesting conditions and Performance Objectives
with respect to such Awards as it considers appropriate, which Performance Objectives must be satisfied, as the Board specifies, before the Participant receives or retains an Award or before the Award becomes nonforfeitable. Where such Awards are
granted to Covered Employees within the meaning of Code Section 162(m), and the Company is a Publicly Held Corporation, the Board (as described in Section 3(b) of the Plan) may designate any Awards, at the time of grant as Qualified
Performance Awards in which case the provisions of the Awards are intended to conform with all provisions of Code Section 162(m) to the extent necessary to allow the Company to claim a U.S. federal income tax deduction for the Awards as
“qualified performance-based compensation.” However, the Board retains the discretion to grant Awards that do not so qualify and to determine the terms and conditions of such Awards including the Performance Objectives or other
performance-based vesting conditions that shall apply to such Awards. Notwithstanding satisfaction of applicable Performance Objectives, to the extent specified on the date of grant of an Award, the number of Shares or other benefits received under
an Award that are otherwise earned upon satisfaction of such Performance Objectives may be reduced by the Board (but not increased) on the basis of such further considerations that the Board in its sole discretion shall determine. No Qualified
Performance Award shall be granted or vest, as applicable, unless and until the date that the Board has certified, in the manner prescribed by Code Section 162(m), the extent to which the Performance Objectives for the Performance Period have
been attained and has made its decisions regarding the extent, if any, of a reduction of such Award. 
  

 - 16 - 

 (b) Performance Objective. Performance Objectives will be based on one or more of the
following performance-based measures determined based on the Company and its Subsidiaries on a group-wide basis or on the basis of Subsidiary, business platform, or operating unit results: (i) earnings per share (on a fully diluted or other
basis), (ii) pretax or after tax net income, (iii) operating income, (iv) gross revenue, (v) profit margin, (vi) stock price targets or stock price maintenance, (vi) working capital, (vii) free cash flow,
(viii) cash flow, (ix) return on equity, (x) return on capital or return on invested capital, (xi) earnings before interest, taxes, depreciation, and amortization (EBITDA), (xii) strategic business criteria, consisting of
one or more objectives based on meeting specified revenue, market penetration, geographic business expansion goals, cost targets, or objective goals relating to acquisitions or divestitures, or (xiv) any combination of these measures. The Board
shall determine whether such Performance Objectives are attained, and such determination will be final and conclusive. Each Performance Objective may be expressed in absolute and/or relative terms, may be based on or use comparisons with internal
targets, the past performance of the Company (including the performance of one or more Subsidiaries, divisions, business platforms, and/or operating units) and/or the past or current performance of other companies. In the case of earnings-based
measures, Performance Objectives may use comparisons relating to capital (including, but not limited to, the cost of capital), shareholders’ equity and/or shares outstanding, or to assets or net assets. If the Board determines that a change in
the business, operations, corporate structure or capital structure of the Company or the manner in which the Company or a Subsidiary conducts its business, or other vents or circumstances render performance goals to be unsuitable, the Board may
modify such Performance Objectives in whole or in part, as the Committee deems appropriate. If a Participant is promoted, demoted or transferred to a different business unit or function during a Performance Period, the Board may determine that the
Performance Objectives or Performance Period are no longer appropriate and may (i) adjust, change or eliminate the Performance Objectives or the applicable Performance Period as it deems appropriate to make such objectives and period comparable
to the initial objectives and period, or (ii) make a cash payment to the participant in amount determined by the Board. The foregoing two sentences shall not apply with respect to Qualified Performance Awards. In respect of Qualified
Performance Awards, Performance Objectives shall be established no later than ninety (90) days after the beginning of any performance period applicable to such Awards, or at such other date as may be required or permitted for
“performance-based compensation” under Code Section 162(m). 
  

 - 17 - 

 Section 14. Conditions Upon Issuance Of Shares 
 (a) Securities Law Requirements. The Company shall be under no obligation to issue Shares under the Plan unless the issuance and
delivery of the Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated under it, state and federal securities laws and
regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities then may be traded. 
 (b) Investment Representations. As a condition to the exercise of an Option, the Board may require the person exercising the Option to represent and warrant at the time of exercise that the Shares
are being purchased only for investment and without any present intention to sell or distribute the Shares if, in the opinion of counsel for the Company, such a representation is required. 
 (c) Inability to Obtain Authorization. The inability of the Company to obtain authorization from any regulatory body having
jurisdiction, which authorization is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares under this Plan, will relieve the Company of any obligation to, or liability in respect of the failure to, issue
or sell such Shares as to which the requisite authority has not been obtained. 
 (d) Lock-Up Period; Insider
Information. By accepting any Award, the Participant shall be deemed to have agreed that, if so requested by the Company or any representative of the underwriters (the “Managing Underwriter”) in connection with any registration of the
offering of any securities of the Corporation under the Securities Act of 1933 as amended (“Securities Act”) the Participant shall not sell or otherwise transfer any Shares or other securities of the Company during the 180-day period (or
such other period as may be requested in writing by the Managing Underwriter and agreed to in writing by the Company) (the “Market Standoff Period”) following the effective date of a registration statement of the Company filed under the
Securities Act. Such restriction shall apply only to the first registration statement of the Corporation to become effective under the Securities Act that includes securities to be sold on behalf of the Corporation in an underwritten public offering
under the Securities Act. The Corporation may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of the Market Standoff Period. By accepting any Award, the Participant also shall be
deemed to have agreed to abide by the Company’s inside information guidelines, including any prohibitions on the sale or transfers of any Shares or other securities of the Company during “blackout periods,” as provided therein.
Notwithstanding any other provision of this Plan all Awards shall be immediately forfeited at the option of the Board in the event of the Participant purchasing or selling securities of the Company without written authorization in accordance with
the Company’s inside information guidelines then in effect. 
 Section 15. Withholding Taxes 
 As a condition to the grant, exercise of, issuance of Stock under, or other settlement of an Award, the Participant will make such
arrangements as the Board may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such grant, exercise, issuance or other settlement. 
  

 - 18 - 

 Section 16. Nontransferability of Awards and Shares 
 Except as the Board may otherwise determine or provide in an Award Agreement, Awards shall not be sold, assigned, transferred, pledged or
otherwise encumbered by the person to whom they are granted, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the life of the Participant, shall be exercisable only by the Participant.
References to a Participant, to the extent relevant in the context, shall include references to authorized transferees. If necessary to comply with Rule 16b-3 under the Exchange Act, the Participant may not transfer or pledge Shares acquired under
an Award until at least six months have elapsed from (but excluding) the date of grant of the Award, unless the Board approves otherwise in advance. Any Shares issued in respect of an Award may be subject to such special forfeiture conditions,
rights of repurchase, rights of first refusal and other transfer restrictions as the Board may determine. These restrictions will be set forth in the applicable Award Agreement and will apply in addition to any restrictions that may apply to holders
of Shares generally. The Company will be under no obligation to sell or deliver Shares covered by an Award under the Plan unless the Participant executes an agreement giving effect to the restrictions in the form prescribed by the Company.

 Section 17. No Retention Rights 
 Nothing in the Plan or in any Award granted under the Plan will confer on the Participant any right to continue in Service for any period of time or will interfere with or otherwise restrict in any way
the rights of the Company (or any Subsidiary) or of the Participant, which rights are expressly reserved by each, to terminate his or her Service at any time and for any reason. 
 Section 18. Duration And Amendments 
 (a) Effectiveness of the Plan. The Plan shall become effective on the Effective Date and continue in effect until the date that is ten (10) years after the Effective Date. 
 (b) Right to Amend or Terminate the Plan. The Board may amend, suspend or terminate the Plan at any time and for any reason. However,
(i) any amendment of the Plan that increases the number of Shares available for issuance under the Plan (except as provided in Section 12), or that materially changes the class of persons who are eligible for the grant of Awards, is
subject to the approval of the Company’s shareholders and (ii) no amendment shall be effective unless approved by the shareholders of the Company to the extent shareholder approval is necessary to satisfy the listing requirements of any
stock exchange on which the Shares are traded or Applicable Law. The Board, in its sole discretion, may submit any other amendment to the Plan for shareholder approval, including, but not limited to, amendments to the Plan intended to satisfy the
requirements of Code Section 162(m) and the regulations thereunder regarding the exclusion of performance-based compensation from the limit on corporate deductibility of compensation paid to certain executive officers. 
 (c) Right to Amend Awards. The Board at any time, and from time to time, may amend the terms of any one or more Awards; provided,
however, that the rights under any Award shall not be impaired by any such amendment without the consent of the Participant. 
  

 - 19 - 

 (d) Effect of Amendment or Termination. No Shares will be issued or sold under the
Plan after its termination, except on exercise of an Option granted prior to the termination. No amendment, suspension, or termination of the Plan will, without the consent of the Participant, alter or impair any rights or obligations under any
Award previously granted under the Plan. 
 (e) Compliance with Code Section 409A. It is intended that the Awards
granted under the Plan shall be exempt from, or be in compliance with Code Section 409A. In the event any of the Awards issued under the Plan are subject to Code Section 409A it is intended that no payment or entitlement pursuant to this
Plan will give rise to any adverse tax consequences to a Participant under Code Section 409A and regulations and other interpretive guidance issued thereunder, including that issued after the date hereof (collectively, “Section
409A”). The Plan shall be interpreted to that end and, consistent with that objective and notwithstanding any provision herein to the contrary, the Company may unilaterally take any action it deems necessary or desirable to amend any
provision herein to avoid the application of or excise tax or any other adverse tax consequences under Section 409A. Further, no effect shall be given to any provision herein in a manner that reasonably could be expected to give rise to adverse
tax consequences under that provision. Neither the Company nor its current employees, officers, directors, representatives or agents shall have any liability to any current or former Participant with respect to any accelerated taxation, additional
taxes, penalties or interest for which any current or former Participant may become liable in the event that any amounts payable under the Plan are determined to violate Section 409A. 
 Section 19. Applicable Law 
 The Plan and all Options granted under it will be construed and interpreted in accordance with, and governed by, the laws of the Cayman Islands, other than its laws regarding choice of law. 
 Section 20. Execution 
 To record the adoption of the Plan by the Board, the Company has caused its authorized officer to execute it. 
  

			
	JINKOSOLAR HOLDING CO., LTD.
		
	By:	 	 /s/ Kangping Chen

		
	Title:	 	 CEO

  

 - 20 -Strategy Cooperation Agreement

  
 Exhibit 10.43 
 **** INDICATES CONFIDENTIAL MATERIAL OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION SEPARATELY WITH A REQUEST FOR CONFIDENTIAL TREATMENT. 
 

 
 UPSOLAR CO., LIMITED 
 

 AND 
 

 
 JINKO SOLAR CO., LTD. 
 

 
 STRATEGY COOPERATION AGREEMENT 
 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

 

 
  

			
	 1. 

 (Product and Quantity)
	  	4
		
	 2. 

 (Distribution Region)
	  	7
		
	 3. 

 (Cooperation Period)
	  	9
		
	 4. 

 (Product Logo & Propaganda)
	  	9
		
	 5. 

 (Quality of Product)
	  	10
		
	 6. 

 (Deposit for Exclusive Distribution Right)
	  	10
		
	 7. 

 (Purchasing Price)
	  	10
		
	 8. 

 (Payment Method)
	  	11
		
	 9. 

 (Confirmation of Order)
	  	11
		
	 10. 

 (Termination and Breach of Contract)
	  	12

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

			
	 11. 

 (Others)
	  	15
		
	 12. 

 (General Provisions)
	  	16

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

 

 
 STRATEGY COOPERATION AGREEMENT 
 

 
 This agreement is made in shanghai on the day of 2009-9-21 by and between the following two parties:

  

	1)	

 

 

 
 Jinko Solar Co., Ltd., a company established under the laws of China, having its registered
address at Shangrao, Jiangxi Province (hereinafter named “Jinko”); and, 
  

	2)	

 RM907, JSH001, Wing Tuck Commercial Center, 177-183 Wing Lok Street, Hong Kong 

 

 Upsolar Co., Ltd., a company established under the laws of Hong
Kong, having its registered address at RM907, JSH001, Wing Tuck Commercial Center, 177-183 Wing Lok Street, Hong Kong. (hereby called “Upsolar”). 
  

	1.	

 (Product and Quantity) 

  

	1.1.	

 

 

 
 Both parties reach a consensus to establish an exclusive distribution relationship in
specialized market according to this agreement. Within the given cooperation period, Upsolar owned all sales rights of crystalline silicon solar modules produced by Jinko and/or its solely-owned or joint venture enterprises in the designated
distribution area. 
  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	1.2.	

 

 

 
 The target sales quantity of the year 2010 is 25 MW. The annual sales quantity for the next
year shall be more than year 2010. The quantity of the year 2011 will be 50 MW and year 2012 will be 100 MW. 
  

	1.3.	

 

 

 
 As a principle, Jinko shall provide Upsolar with crystalline silicon solar modules monthly
at the quantity of monthly average. Additionally the specific supply quantity can be fluctuate by ****% based on average number when needed. In that case, the minimum sales quantity should be maintained. 
  

	1.4.	

 

 

 
 In principle for the first cooperation year (2010), the monthly supply quantity may comply
with table 1. Upsolar owns the rights to decline no more than 30% of the monthly supply quantity. 
 

 
  

	****	Confidential material omitted and filed separately with the Commission. 

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

 

 
 

 
 Table 1. 2010 EXW Plan 
  

													
	 Month
	  	Jan	  	Feb	  	Mar	  	Apr	  	May	  	Jun
	Quantity(MW)	  	****	  	****	  	****	  	****	  	****	  	****
							
	 Month
	  	Jul	  	Aug	  	Sep	  	Oct	  	Nov	  	Dec
	Quantity(MW)	  	****	  	****	  	****	  	****	  	****	  	****

 Table 2. 2011 EXW Plan 
  

													
	 Month
	  	Jan	  	Feb	  	Mar	  	Apr	  	May	  	Jun
	Quantity(MW)	  	****	  	****	  	****	  	****	  	****	  	****

  

	****	Confidential material omitted and filed separately with the Commission. 

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

													
	 Month
	  	Jul	  	Aug	  	Sep	  	Oct	  	Nov	  	Dec
	Quantity(MW)	  	****	  	****	  	****	  	****	  	****	  	****

 Table 3. 2012 EXW Plan 
  

													
	 Month
	  	Jan	  	Feb	  	Mar	  	Apr	  	May	  	Jun
	Quantity(MW)	  	****	  	****	  	****	  	****	  	****	  	****
							
	 Month
	  	Jul	  	Aug	  	Sep	  	Oct	  	Nov	  	Dec
	Quantity(MW)	  	****	  	****	  	****	  	****	  	****	  	****

  

	1.5.	

 

 

 
 Jinko will provide the preferential price ****/W based on negotiated price for the exceeding
part on the premise that Upsolar exceed the yearly sales target. 
  

	1.6.	

 

 

 
 If the annual sales quantity is lower than the target and more than 70%, it also means that
Upsolar has achieved the lowest sales target, and Jinko shall not reverse the exclusive distribution relationship with Upsolar. 
  

	2.	

 (Distribution Region) 

  

	2.1.	

 

 

 
 According to the agreement, both parties confirmed that U.S. & Canada are exclusive
sales distribution regions and the companies registered in this area are the target customers. 
  

	****	Confidential material omitted and filed separately with the Commission. 

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	2.2.	

 

 

 
 In the cooperation period, Upsolar must not sell the products to the other places outside
U.S. & Canada unless Jinko approved in the written form. 
  

	2.3.	

 

 

 
 In the cooperation period, Upsolar owns the exclusive rights to sell the crystalline silicon
solar modules of Jinko to U.S. & Canada. Jinko and/or its solely-owned or joint venture enterprises cannot directly or indirectly do that through any other channels. Jinko is also responsible to stop any of its clients selling its products
in U.S. & Canada if it knows. 
  

	2.4.	

 

 

 
 As for the customs in U.S. & Canada which come from other than Upsolar, Jinko shall
disclose the customs’ information to Upsolar at the first time. These customs shall buy the products directly from Upsolar with Upsolar’s consent in writing. 
  

	2.5.	

 

 

 
 Upsolar shall send a detailed report to Jinko monthly. The report should reflect the local
market’s situation and consumers’ opinions. It shall also provide Jinko with other suppliers’ information which contains the same kind products’ prices, sales situations, commercials information and etc. 
  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	3.	

 (Cooperation Period) 

  

	3.1.	

 

 

 
 As for the cooperation period, both parties agreed to take the ‘3+2’pattern. The
number “3” means confirmed period of three years: 2010/2011/2012. The number “2” means that the cooperation period shall be lasted for another two years if Upsolar finishes its sales target in the first three years. 

 

	4.	

 (Product Logo & Propaganda) 

  

	4.1.	

 

 Both parties shall clearly explain the logos and identities of both
when propagandizing module products. 
  

	4.2.	

 

 

 
 All the module products shall be marked the brand of “UPSOLAR” meanwhile Upsolar
is liable to notify that Jinko is the manufacturer. 
  

	4.3.	

 

 

 
 Jinko shall not do any module propagandizing or marketing in U.S. & Canada without
Upsolar’s consent in writing. 
  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	5.	

 (Quality of Product) 

  

	5.1.	

 

 

 
 As high-quality products, Upsolar will build a superior image of “made by Jinko”.
The year of 2010 is the first year in sales of U.S. & Canada, Upsolar might give some discounts when selling the modules for the exploiting markets reason. 
  

	5.2.	

 

 

 
 Jinko shall make its products comply with UL certificate not later than end of February
2010. For Jinko getting the UL certificate later than February 2010, Upsolar has the right to accordingly delay to execute the EXW Plan in Article 1.4. 
  

	6.	

 (Deposit for Exclusive Distribution Right) 

  

	6.1.	

 

 Both parties agreed that Upsolar should pay **** to Jinko as the
deposit for exclusive distribution right. 
  

	6.2.	

 

 

 
 Upsolar should pay ****% deposit within **** days after signing of this agreement. The
remaining ****% deposit should be paid before ****. 
  

	7.	

 (Purchasing Price) 

  

	7.1.	

 

 

 
 A consensus shall be reached monthly on purchasing price by both parties in advance. The
price shall be lower than that of products which is equal in quality. 
  

	****	Confidential material omitted and filed separately with the Commission. 

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	8.	

 (Payment Method) 

  

	8.1.	

 

  

	 	1.	

 

  

	 	2.	

 

 The payment shall be finished by one the following methods:

 1. Pay in **** days by T/T after Upsolar receiving the copy of B/L from Jinko; 
 2. Pay by L/C **** days. 
  

	8.2.	

 

 The ownership of products shall not transfer before Upsolar paying
off all the money of the product order. 
  

	9.	

 (Confirmation of Order) 

  

	9.1.	

 

 Considering the balance of Jinko’s production, Upsolar shall
put the order early and evenly. 
  

	9.2.	

 

  

	****	Confidential material omitted and filed separately with the Commission. 

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

 Both parties agree that: the behavior of signing the products orders with Upsolar,
shipping the products to Upsolar or doing the products sales with Upsolar by Jinko’s solely-owned or joint venture enterprises shall be seemed as be on behalf of Jinko itself. On the other side, any payment made by Upsolar to Jinko’s
solely-owned or joint venture enterprises shall be seemed as paying to Jinko as well. Both parties approve the above mentioned behaviors and shall be bound by it. 
  

	9.3.	

 

 Both parties agree that: the behavior of putting orders with Jinko,
buying products from Jinko or doing the sales services in U.S. & Canada by Upsolar’s solely-owned or joint venture enterprises shall be seemed as be on behalf of Upsolar itself. On the other side, any products providing by Jinko to
Upsolar’s solely-owned or joint venture enterprises shall be seemed as selling to Upsolar as well. Both parties approve the above mentioned behaviors and shall be bound by it. 
  

	10.	

 (Termination and Breach of Contract) 

  

	10.1.	

 

 U.S. & Canada Market Exclusive Sales 
  

	10.1.1.	

 

 Upsolar should guarantee that it will not sign any other exclusive
distribution agreement with any other parties or sell the same products by any other parties in U.S. & Canada. Otherwise, Jinko has the right to terminate this agreement and ask for a compensation of ****. Upsolar shall purchase the other
parties’ products only when Jinko’s productivity could not fulfill Upsolar’s requirement and with Jinko’s consent in writing. 
  

	****	Confidential material omitted and filed separately with the Commission. 

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	10.1.2.	

 

 Jinko shall not sell its the products in restrictive region through
regional quality assurance or other better methods. If Jinko sells its products to U.S. & Canada by itself, Upsolar has the right of termination this agreement and Jinko shall not only refund the full amount of distribution deposit but also
pay a compensate of **** to Upsolar. 
  

	10.1.3.	

 

 Jinko should comply with the requirements of table 2 to make
compensation if it breaches the Article 2.3 and makes its products being sold in U.S. & Canada. 
 

 
 Table 4. Passive Irregular Sales Compensation 
  

			
	 The Number Of Found
Products Into U.S. & Canada
	  	 Compensation

		
	<****MW	  	As Upsolar Finish ****MW Sales Target
		
	****MW	  	As Upsolar Finish ****MW Sales Target
		
	>****MW	  	Upsolar has the right of termination this agreement and Jinko shall not only refund the full amount of distribution deposit but also pay a compensate of **** to
Upsolar.

  

	****	Confidential material omitted and filed separately with the Commission. 

  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	10.2.	

 

 Liability for breach of contract (Failure of Produce)

  

	10.2.1.	

 

 In the period of cooperation, if Jinko fails to offer the monthly
average amount of products or finish the produce in accordance with its confirmed product order by 3 consecutive months, Upsolar has the right to terminate this agreement and Jinko shall not only refund all distribution deposit but also compensate
the same amount to Upsolar. 
  

	10.2.2.	

 

 If one party is going bankruptcy, becoming an object of
dissolution or liquidation proceedings, and being unable to repay debts, the other party owns the right to terminate the agreement and conduct a liquidation of claims and liabilities. 
  

	10.2.3.	

 

  

	10.3.	

 

 

 
  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

 In the period of cooperation, if Upsolar fails to finish the 70% of monthly average
amount of sale in accordance with its confirmed amount in Table 1.by 3 consecutive months, Jinko has the right to terminate this agreement. The distribution deposit shall not be refund as penalty. Upsolar shall make up the amount of the deposit if
it has not been paid. 
  

	10.4.	

 

  

	10.5.	

 

 

 
  

	10.6.	

 

 Besides, both parties shall terminate this agreement in the written
pattern after negotiation. The legal consequences of termination shall be decided when negotiation. 
  

	11.	

 (Others) 

  

	11.1.	

 

 A technical contract (annex 1) shall be signed in the same time of
signing this agreement. This technical contract is made by Upsolar basing on its sales experience and the requirement of the clients of U.S. & Canada. As confirmed by Jinko, this technical contract shall be party of this agreement and both
parties are bound by. 
  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	11.2.	

 

 For fulfill the requirement of UL certification
and the technical contract, Jikon shall finish the rectification and reform of technology and craft not later than 30th Nov 2009 according to the rectification and reform plan (annex 2). 
  

	11.3.	

 

 Jinko shall indicate Upsolar as its exclusive distributor of
U.S. & Canada on its website and related media in five days of signing this agreement. 
  

	11.4.	

 

 For exploiting markets of U.S. & Canada, Uploar have the
right to keep the products of Jinko for the amount of 0.2 MW for turnover. The procedure of payment shall be finished in 60 days after Upsolar receiving the B/L of Jinko. 
  

	12.	

 (General Provisions) 

  

	12.1.	

 

 This agreement is drafted in Chinese. The terms on the quantity and
specification (crystalline silicon solar modules) shall be explained based on the general views of solar energy industry. The rest should be comply with the views expressed in Chinese. The written title in the agreement is only for identifying,
which shall not affect the terms’meanings and explains. 
  

	12.2.	

 

 The disputes which result from the implementation of this agreement
shall be solved by negotiations by both parties. Otherwise, both parties agree to submit the disputes to China International Economic and Trade Arbitration Commission for arbitration. The arbitral award is binding on both parties. The losing party
should pay for the arbitration cost unless the arbitration committee has other decisions. 
  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	12.3.	

 

 For the earthquakes, typhoons, serious floods and fires and other
natural disasters, wars, social activities or the incidents of force majeure with the characteristics of unforeseen, cannot prevented and avoided which makes one party delay or unable to fulfill this agreement, it shall not be deemed as breach of
that party. 
  

	12.4.	

 

 Force majeure must be the direct reason, which prevent, impede,
delay the affected party to fulfill the agreement; 
  

	12.4.1.	

 

 The affected party has taken reasonable measures in time when the
incident occurred; 
  

	12.4.2.	

 

 When affected by the incidents, the party has notified the other
one immediately. In the same time the affected party submit incidents, situation and the reasons for delay or unable to fulfill the agreement in the written pattern to the other one; the certification which provided by relevant institutions of
incidents place is needed; 
  

	12.4.3.	

 

 The affected party must notify the other one immediately after the
incidents has overcome or addressed. 
  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

	12.5.	

 

 

 
 Prior to drafting this agreement and during the term of this agreement, both parties cannot
disclose the relevant provisions of agreement and confidential information(apart from the Judiciary legal investigations).In the same time, besides the party who is necessary to know the confidential information for carrying out their duties, their
associated employees, lawyers, accountants and other consultants, the parties cannot use confidential information for other purposes except specific provisions of the agreement. Any party causes the economic losses due to breach of confidentiality
agreement shall be liable for compensation. 
  

	12.6.	

 

 The invalidation of any invalid clause of this agreement does not
affect other clauses’ effectiveness in this agreement. This agreement and its appendices and annexes constitute entire agreement and replace both parties’ previous consultations, negotiations and reached agreements on the basis of the
subject. Annexes are integral parts of this agreement and have the same effect with the agreement. If any clauses has conflict with the clauses of appendices and annexes, both parties should comply with the agreement clauses. 
  

	12.7.	

 

 The governing law of this agreement shall be laws of People’s
Republic of China and this governing law shall be used for interpreting the agreement and for resolving all claims or disputes arising out of or in connection with the agreement ( whether based on contract, tort or any other legal doctrine).

  

	12.8	

 

 This agreement is executed both in Chinese and English. In case of
discrepancy, the Chinese version shall prevail. 
  

 

 

 UPSOLAR & JINKO SOLAR STRATEGY COOPERATION AGREEMENT 
  
  

 

 
 IN WITNESS WHEREOF, each of the Parties hereto has caused this agreement to be executed by its duly
authorized representative on the date first set forth above. 
  

											
	

	 	

		
	JINKO SOLAR CO., LTD.	 	UPSOLAR CO., LIMITED
						
	

	 	( By ):	 	/s/ Xiande Li	 	

	 	( By ):	 	/s/ Zhe Jiang
						
	

	 	( Name ):	 	  
	 	

	 	( Name ):	 	  

						
	

	 	( Title ):	 	  
	 	

	 	( Title ):	 	  

  

 

 

 MEMORANDUM OF UNDERSTANDING (MOU) 
 Party A: JINKO SOLAR CO., LTD. 
 Party B: UPSOLAR
Co., Limited 
  

	•	 	 WHEREAS 

  

	1)	On September 21, 2009 the Parties in Shanghai jointly signed the Strategic Cooperation Agreement (hereinafter the “Agreement”) exclusive to the United
States and Canada. 

  

	2)	The Parties by negotiated consensus agree to make adjustment to their cooperation by virtue of changes of markets and business environment. 

 NOW THEREFORE, for the purposes of ascertaining each party’s rights and obligations under the new framework of cooperation and the legal validity of
the Agreement, the Parties enter into the MOU and undertake to be bound by its provisions. 
  

	 	1.	The Parties agree that, they will make adjustment to their previous cooperation as stipulated by the MOU subject to their Agreement, so as to form a new cooperation
method. 

  

	 	2.	Party B agrees and commits that, Party A may conduct selling of solar energy components within the United States or Canada on an independent basis or in cooperation
with any third party dispensing with the Agreement. Party B guarantees to release all obligations binding upon Party A in terms of, inter alia, shipment or exclusive agency for the selling of solar energy components in US or Canadian markets
and hold Party A harmless. Party B shall be liable for or indemnify Party A for any loss caused by any of its breach of any such commitment or guarantee resulting in any activity detrimental to Party A or any adverse impact on Party A’s
goodwill. 

	 	3.	Party A agrees and commits that, Party B may conduct selling of solar energy components or products of any third party within the United States or Canada on an
independent basis dispensing with the Agreement. Party A guarantees to release all obligations binding upon Party B in terms of, inter alia, sales volume or territory in US or Canadian markets and hold Party B harmless. Party A shall be
liable for or indemnify Party A for any loss caused by any of its breach of any such commitment or guarantee resulting in any activity detrimental to Party B or any adverse impact on Party B’s goodwill. 

  

	 	4.	Party B, contingent upon the premises, agrees to continue acting as Party A’s non-exclusive agent in the United States and Canada and to the best of its ability to
market and promote Party A’s products. The Parties will cooperate in a Guaranteed-Sold-out manner which will be specified in a separate written agreement by their negotiated consensus. 

  

	 	5.	The MOU is binding upon both parties. In the event of any matter not specified in the MOU in the course of performance, the Parties may enter into a separate
supplemental agreement in writing. Such supplemental agreement is legally binding as the MOU. 

  

	 	6.	The MOU shall be governed by and construed in accordance with the law of the People’s Republic of China. 

  

	 	7.	In case of any dispute which is unable to be resolved by amicable negotiation arising in the course of performance of the MOU, the Parties agree to refer such dispute
to China International Economic and Trade Arbitration Commission, Shanghai which is the final settlement institution accepted by the Parties. 

  

	 	8.	The Parties by their authorized representatives have caused this MOU to be duly executed below. 

									
	JINKO SOLAR CO., LTD.	 		 	UPSOLAR Co., Limited
					
	Authorized Signature(s):	 	 /s/ Xiande Li
	 		 	Authorized Signature(s):	 	 /s/ Zhe Jiang

					
	Name:	 	 Xiande Li
	 		 	Name:	 	 Zhe Jiang

					
	Title:	 	 Chairman
	 		 	Title:	 	 CEO

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