Document:

a2013equityincentiveplan

        BLACKBERRY LIMITED  EQUITY INCENTIVE PLAN  AMENDED AND RESTATED JUNE 23, 2020  SECTION 1 INTERPRETATION AND ADMINISTRATIVE PROVISIONS  1.1 Purposes  The purposes of this Plan are to assist the Corporation and its affiliates to attract, retain and  motivate executive officers and employees by granting to them: (i) options to purchase common  shares of the Corporation; and (ii) restricted share units.  1.2 Definitions  When used herein, unless the context requires otherwise, the following terms have the following  meanings:  “affiliate” and “jointly or in concert” have the respective meanings set forth in the  Securities Act (Ontario), as amended from time to time.  “Approved Leave of Absence” means (i) any personal or education leave in excess of four  (4) weeks in duration, (ii) any period during which you are in receipt of long-term disability  benefits, or (iii) any period during which your status of employment changes from full- time to part-time (being less than twenty-five (25) hours per week).  “Award” means an Option or RSU granted under this Plan.    “Award Agreement” means an Option Agreement or RSU Agreement as the context  requires.  “Award Date” means the date the Board grants an Award under this Plan.  “Blackout Period” means any period imposed by the Corporation applicable to a  Participant, during which specified individuals, including insiders of the Corporation, may  not trade in the Corporation’s securities (including for greater certainty any period during  which specific individuals are restricted from trading because they have material non- public information), but does not include any period when a regulator has halted trading  in the Corporation’s securities.   “Board” means the Board of Directors of the Corporation.  “Business Day” means a day other than a Saturday, Sunday or other day when banks in  the City of Toronto, Ontario are not generally open for business.  “Cause” has the meaning attributed to such term in the Participant’s Employment  Agreement, or if the Employment Agreement is silent or the Participant does not have an  Employment Agreement, “cause” means grounds for summary termination of the  

 

  - 2 -    employment contract without notice, pay in lieu of notice, severance pay, or similar  obligations, as that concept is interpreted and applied by the courts of Ontario.  “Change of Control” means the occurrence of any of the following events:  (a) an amalgamation, merger, consolidation, arrangement or other reorganization  involving the Corporation or any of its affiliates and another corporation or other  legal entity, as a result of which the holders of the Shares immediately prior to the  completion of that transaction hold less than a majority of the Shares after  completion of that transaction;  (b) any individual, entity or group of persons acting jointly or in concert, acquires or  becomes the beneficial owner of, directly or indirectly, more than 50% of the  Shares, whether through acquisition of previously issued and outstanding Shares,  or of Shares that have not been previously issued, or any combination thereof, or  any other transaction of similar effect;  (c) the Corporation sells or otherwise transfers all or substantially all of its assets to  any other corporation or other legal person or entity (other than a disposition or  transfer of assets to an affiliate of the Corporation as part of a reorganization of  assets of an affiliate of the Corporation), where the holders of Shares immediately  prior to the completion of that transaction hold less than a majority of the  common shares of the acquiring corporation or person immediately after the  completion of such transaction; or  (d) as a result of or in connection with the contested election of directors, the  nominees named in the most recent Management Information Circular of the  Corporation for election to the Board do not constitute a majority of the Board.  “Change of Control Period” means the shorter of: (i) 24 months following a Change of  Control; and (ii) the period of time following a Change of Control specified in the  Participant’s Employment Agreement.    “Committee” means the committee of the Board responsible for recommending to the  Board the compensation of the executive officers and other employees, which, as at the  effective date of the Plan, is the Compensation, Nomination and Governance Committee.  “Corporation” means Blackberry Limited.  “Employment Agreement” means a written employment agreement between a  Participant and a Participating Entity.    “Exercise Notice” means a written notice by a Participant addressed to the Secretary of  the Corporation stating the Participant’s intention to exercise a particular Option.  “Exercise Price” means the price at which Shares may be purchased on the exercise of an  Option.  “Expiry Date” means:  

 

  - 3 -    (a) in respect of any Option, the fifth (5th) anniversary of the Award Date unless  another date is specified by the Board, provided that the Expiry Date may not be  later than the fifth (5th) anniversary of the Award Date;  (b) in respect of any RSU, the date specified in the applicable RSU Agreement, if any,  as the date on which the RSU will be terminated and cancelled or, if no such date  is specified in the RSU Agreement, December 31 of the third (3rd) calendar year  following the Award Date.  “Market Value” means the closing trading price of the Shares on the New York Stock  Exchange or the Toronto Stock Exchange, as the case may be, on the applicable date, or  if there is no closing trading price on that date, then on the last preceding date on which  such a closing trading price was reported.  “Option” means a right granted to a Participant to purchase Shares on the terms set out  in the Plan.  “Option Agreement” means a signed, written agreement (which may be in electronic  form), between a Participant and the Corporation, substantially in the form attached as  Schedule “A” hereto, subject to any amendments or additions thereto as may, in the  discretion of the Board, be necessary or advisable, evidencing the terms and conditions  on which an Option has been granted under this Plan.    “Option Period” means the period of time during which an Option granted under this Plan  may be exercised.  “Participant” means an employee of or a consultant to a Participating Entity who the  Board determines may participate in this Plan.  “Participating Entity” means the Corporation and any affiliate of the Corporation which  is designated by the Board from time to time.  “Person” means any individual, sole proprietorship, partnership, unincorporated  association, unincorporated syndicate, unincorporated organization, trust, body  corporate, and a natural person in such person’s capacity as trustee, executor,  administrator or other legal representative.  “Plan” means this Blackberry Limited Equity Incentive Plan.  “Prior Plans” means the Corporation’s Stock Option Plan (Amended and Restated March  2012) and the Corporation’s 2005 Restricted Share Unit Plan (as amended).  “RSU” means a right granted to a Participant to receive a Share or a cash payment based  on the Market Value of a Share that generally becomes Vested, if at all, following a period  of continuous employment and subject to the RSU Vesting Conditions.  “RSU Account” has the meaning set out in Section 4.3.  “RSU Agreement” means a signed, written agreement (which may be in electronic form),  between a Participant and the Corporation, substantially in the form attached as Schedule  “B” hereto, subject to any amendments or additions thereto as may, in the discretion of  the Board, be necessary or advisable, evidencing the terms and conditions on which an  RSU has been granted under this Plan.  

 

  - 4 -    “RSU Vesting Conditions” means any conditions relating to a Participant’s continued  service with a Participating Entity for a period of time and/or any other conditions in  respect of the Vesting of RSUs determined by the Board at the time of the Award.  “Settlement Date” means, with respect to any RSU, the date upon which Vested RSUs  under such Award shall be settled in the form elected by the Corporation pursuant to  Section 4.4.  “Share” means a common share of the Corporation.  “Substitute Awards” shall mean Awards granted or Shares issued by the Company in  assumption of, or in substitution or exchange for, awards previously granted, or the right  or obligation to make future awards, in each case by a company acquired by the Company  or any subsidiary of the Company or with which the Company or any subsidiary of the  Company amalgamates.  “Termination Date” means:  (a) subject to subparagraph (b) below, in the case of the termination of the  Participant’s employment by a Participating Entity or the Participant’s resignation,  the earlier of: (i) the date specified in the written notice of termination or  resignation; and (ii) the last day worked by the Participant, provided such date  shall not be prior to the last day of any minimum statutory notice period, if  applicable; and  (b) in the case of a Change of Control, where there is a termination of the Participant’s  employment other than for Cause, the last day worked by the Participant.  “Vested” means: (i) with respect to an Option, that it has become exercisable; and  (ii) with respect to RSUs, the applicable RSU Vesting Conditions in relation to a whole or  a percentage of the number of RSUs covered by an Award have been met. “Vest” and  “Vesting” have corresponding meanings.  “Vesting Date” means: (i) with respect to an Option, the date on which it becomes  exercisable; and (ii) with respect to RSUs, the date on which the applicable RSU Vesting  Conditions are met.  “Vesting Period” means, with respect to an Award, a period specified by the Board,  commencing on the Award Date and ending no later than immediately prior to the Expiry  Date.    1.3 Interpretation  The Plan is to be interpreted as follows:  (a) The use of headings is for ease of reference only and does not affect construction  or interpretation of this Plan.  (b) Where the context so requires, words importing the singular number include the  plural and vice versa, and words importing the masculine gender include the  feminine and neuter genders.  

 

  - 5 -    (c) References to Sections and Subsections are references to sections and subsections  in this Plan, unless otherwise specified.  (d) All amounts paid or values to be determined under the Plan shall be in Canadian  dollars.  (e) Whenever the Board is to exercise discretion in the administration of the terms  and conditions of this Plan or any Award, the term “discretion” means the “sole  and absolute discretion” of the Board.  (f) Where the words “including” or “includes” appear in this Plan, they mean  “including (or includes) without limitation”.  1.4 Prior Plans  This Plan is intended to replace the Prior Plans, which Prior Plans shall be automatically  terminated and replaced and superseded by this Plan on the date on which this Plan is approved  by the Corporation’s shareholders, such that after the effective date of this Plan (as provided in  Section 6.16), no awards may be granted under the Prior Plans.  Notwithstanding the foregoing,  any awards granted under the Prior Plans shall remain in effect pursuant to their terms (as they  may be duly amended from time to time) and shall be governed by the terms of the Prior Plans,  as applicable, under which they were first granted.  SECTION 2 ADMINISTRATION  2.1 Administration  This Plan will be administered by the Board and the Board has complete authority, in its  discretion, to interpret the provisions of this Plan.  In administering and interpreting the Plan, the  Board may adopt, amend and rescind administrative guidelines and other rules and regulations  relating to this Plan and make all other determinations and take all other actions necessary or  advisable for the implementation and administration of this Plan which the Board determines, in  its discretion, are necessary or advisable. The Board’s determinations and actions within its  authority under this Plan are final, conclusive and binding on the Corporation, its affiliates and all  other Persons.  2.2 Delegation  To the extent permitted by applicable law, the Board may, from time to time, delegate to the  Committee or to the Executive Chair of the Corporation all or any of the powers conferred on the  Board under the Plan. In such event, but only to the extent reasonably required for the purposes  of such delegation, references to the Board mean and include the Committee or the Executive  Chair, as applicable, and the Committee or the Executive Chair, as applicable, will exercise the  powers delegated to it or to him by the Board in the manner and on the terms authorized by the  Board. Any decisions made or actions taken by the Committee or the Executive Chair arising out  of or in connection with the administration or interpretation of this Plan within its or his authority  

 

  - 6 -    under this Plan, are final, conclusive and binding on the Participating Entities and all other  Persons.    2.3 Eligibility  (a) Participation in the Plan is entirely voluntary.  (b) All employees of Participating Entities are eligible to participate in this Plan.    (c) Eligibility to participate in the Plan does not confer upon any Person any right to  be granted Awards pursuant to this Plan.  In addition, no Participant has any claim  or right to be granted an Award (including, without limitation, an Award granted  in substitution for any Award that has expired pursuant to the terms of this Plan).  2.4 Taxes and Other Source Deductions  The Corporation is authorized to deduct or withhold from any amount payable or credited  hereunder such taxes and other amounts as it may be required by applicable law to deduct or  withhold and to remit the amounts deducted or withheld to the applicable governmental  authority as required by applicable law.  If a Participating Entity is required under applicable law  to deduct or withhold and remit to the applicable government authority an amount on account  of tax in respect of any amount paid hereunder and there is insufficient cash paid hereunder from  which to make the required deduction or withholding, the Participant shall:  (a) pay to the Participating Entity sufficient cash as is reasonably determined by the  Participating Entity to be the amount necessary to permit the required remittance;  (b) authorize the Participating Entity, on behalf of the Participant, to sell in the market  on such terms and at such time or times as the Participating Entity determines, a  portion of the Shares issued hereunder to realize cash proceeds to be used to  satisfy the required tax remittance; or  (c) make other arrangements acceptable to the Participating Entity to fund the  required tax remittance.  2.5 Information  Each Participant shall provide the Corporation with all information the Corporation requires from  that Participant in order to administer this Plan.  2.6 Indemnification  Each member of the Board and the Committee is indemnified and held harmless by the  Corporation against any cost or expense arising out of any act or omission in connection with this  Plan to the extent permitted by applicable law.  This indemnification is in addition to any rights  of indemnification a Board or Committee member may have as director or otherwise.  

 

  - 7 -    2.7 Governing Law  This Plan shall be governed by and construed and interpreted in accordance with the laws of the  Province of Ontario and the federal laws of Canada applicable therein.  2.8 Total Shares Subject to Awards  (a) Number of Shares.  Subject to adjustment as provided in Section 6, a total of  45,875,000 Shares shall be authorized for Awards granted under the Plan, less  0.625 Share for every one (1) Share that was subject to an option granted after  March 2, 2013 under any Prior Plan and one (1) Share for every one (1) Share that  was subject to an award other than an option granted after March 2, 2013 under  any Prior Plan.  Any Shares that are subject to Options shall be counted against  this limit as 0.625 Share for every one (1) Option granted, and any Shares that are  subject to Awards other than Options shall be counted against this limit as one (1)  Share for every one (1) share unit.  After the effective date of the Plan (as provided  in Section 6.16), no awards may be granted under any Prior Plan.    (b) If (i) any Shares subject to an Award are forfeited, an Award expires or an Award  is settled for cash (in whole or in part), or (ii) after March 2, 2013 any Shares  subject to an award under any Prior Plan are forfeited, an award under any Prior  Plan expires or is settled for cash (in whole or in part), then in each such case the  Shares subject to such Award or award under any Prior Plan shall, to the extent of  such forfeiture, expiration or cash settlement, be added to the Shares available  for Awards under the Plan, in accordance with Section 2.8(d) below.  In the event  that withholding tax liabilities arising from an Award other than an Option or, after  March 2, 2013, an award other than an option under any Prior Plan are satisfied  by the tendering of Shares (either actually or by attestation) or by the withholding  of Shares by the Corporation, the Shares so tendered or withheld shall be added  to the Shares available for Awards under the Plan in accordance with Section  2.8(d) below.  Notwithstanding anything to the contrary contained herein, the  following Shares shall not be added to the Shares authorized for grant under  paragraph (a) of this Section: (i) Shares tendered by the Participant or withheld by  the Corporation in payment of the purchase price of an Option or, after March 2,  2013, an option under any Prior Plan; (ii) Shares tendered by the Participant or  withheld by the Corporation to satisfy any tax withholding obligation with respect  to Options or, after March 2, 2013, options under any Prior Plan; and (iii) Shares  reacquired by the Corporation on the open market or otherwise using cash  proceeds from the exercise of Options, or after March 2, 2013, options under any  Prior Plan.  (c) Substitute Awards shall not reduce the Shares authorized for grant under the Plan,  nor shall Shares subject to a Substitute Award be added to the Shares available for  Awards under the Plan as provided in paragraph (b) above.  Additionally, in the  event that a company acquired by the Corporation or any subsidiary of the  Corporation or with which the Corporation or any subsidiary of the Corporation  

 

  - 8 -    combines has shares available under a pre-existing plan approved by shareholders  and not adopted in contemplation of such acquisition or arrangement, the shares  available for grant pursuant to the terms of such pre-existing plan (as adjusted, to  the extent appropriate, using the exchange ratio or other adjustment or valuation  ratio or formula used in such acquisition or arrangement to determine the  consideration payable to the holders of common shares of the entities party to  such acquisition or arrangement) may be used for Awards under the Plan and shall  not reduce the Shares authorized for grant under the Plan (and Shares subject to  such Awards shall not be added to the Shares available for Awards under the Plan  as provided in paragraphs (b) above); provided that Awards using such available  shares shall not be made after the date awards or grants could have been made  under the terms of the pre-existing plan, absent the acquisition or arrangement,  and shall only be made to individuals who were not employees or directors prior  to such acquisition or arrangement.    (d) Any Shares that again become available for Awards under the Plan pursuant to  this Section shall be added as (i) 0.625 Share for every one (1) Share subject to  Options granted under the Plan or options granted under any Prior Plan, and (ii)  as one (1) Share for every one (1) Share subject to Awards other than Options  granted under the Plan or awards other than options granted under any Prior Plan.  2.9 Insider Participation Limits  The grant of Awards under the Plan is subject to the following limitations:  (a) No more than 10% of the Corporation’s outstanding Shares may be issued under  the Plan or pursuant to any other security based compensation arrangements of  the Corporation in any one (1) year period.  (b) No more than 5% of the Corporation’s outstanding Shares may be issued under  the Plan or pursuant to any other security based compensation arrangements of  the Corporation to any one Participant.  (c) No more than 10% of the Corporation’s outstanding Shares may be issued to  insiders under the Plan or under any other security based compensation  arrangements of the Corporation within any one (1) year period or be issuable to  insiders at any time.  (d) For the purposes of this Plan, “insider” and “security based compensation  arrangement” have the meanings set out in the TSX Company Manual.  2.10 Award Agreements  All grants of Awards under this Plan will be evidenced by Award Agreements.  Any one of the  Chief Financial Officer or the Executive Vice President of Human Resources of the Corporation is  authorized and empowered to execute on behalf of the Corporation and deliver an Award  Agreement to a Participant.  

 

  - 9 -    SECTION 3 GRANT OF OPTIONS  3.1 Grant of Options  Subject to Section 2.8, the Board may, in its discretion, from time to time, subject to the  provisions of this Plan and such other terms and conditions as the Board may prescribe, grant  Options to any Participant, and the Participant shall execute an Option Agreement evidencing  the same.  3.2 Exercise Price  The Exercise Price under any Option will be as determined by the Board at the time the Option is  granted but may not be less than the Market Value of a Share at the Award Date.  3.3 Term of Options  Subject to Section 3.8 and to any accelerated termination pursuant to the Plan, each Option  expires on the Expiry Date.  3.4 Vesting  Each Option shall vest and be exercisable at such times, in such manner and subject to such terms  and conditions as the Committee or the Executive Chair, as applicable, may specify in the  applicable Option Agreement, subject to the provisions of this Plan. In the event that the  Participant does not remain actively employed by a Participating Entity during a Vesting Period  due to an Approved Leave of Absence, the Vesting Period shall be extended for a time period  equal to the length of the Approved Leave of Absence, provided that the affected Options shall  vest prior to the Expiry Date.   3.5 Exercise of Options  Subject to the provisions of this Plan and any Option Agreement, Options may be exercised by  one of the following:  (a) by delivery of a fully completed Exercise Notice to the Secretary of the Corporation  accompanied by payment in full of the applicable Exercise Price. The Exercise Price  may be paid by wire transfer, certified cheque, bank draft or money order payable  to the Corporation; or  (b) an election for the receipt, without payment by the Participant, of either (i) an  amount in cash per Option or (ii) a net number of Shares (in each case, net of any  applicable withholding taxes or deductions) equal to the difference between the  Exercise Price of the Option and the price at which Solium or such other securities  dealer as designated by the Corporation is able to sell the Shares in the capital  markets, selected by such dealer in its discretion, or otherwise, on the trading day  that the Exercise Notice is given. The transfer cost incurred to issue the Shares will  be deducted from the net proceeds payable to the Participant.  

 

  - 10 -    3.6 Issue of Shares  In the case of a Participant electing to receive Shares in accordance with Section 3.5(a) or Section  3.5(b)(ii), no Shares will be issued or transferred until full payment of the Exercise Price therefor  has been received by the Corporation and all conditions to the issue of the Shares have been  met.  As soon as practicable after receipt of an Exercise Notice or election to receive Shares and  full payment of the Exercise Price and the satisfaction of all conditions to the issue of the Shares,  the Corporation will deliver or cause to be delivered to the Participant a certificate or certificates  representing the acquired Shares or other evidence of the issuance of the acquired Shares.  3.7 Conditions to Delivery of Shares  The Corporation’s obligation to issue and deliver Shares upon the exercise of any Option is  subject to:  (a) the satisfaction of all requirements under applicable laws in respect thereof and  obtaining all approvals the Corporation shall determine to be necessary or  advisable in connection with the authorization, issuance or sale thereof, including  shareholder approval, if required;   (b) if such Shares are listed on any stock exchange in Canada or the United States,  compliance with the requirements of such stock exchanges; and  (c) the receipt from the Participant of such representations, warranties, agreements  and undertakings, including to future dealings in the such Shares, as the  Corporation or its counsel determines to be necessary or advisable in order to  ensure compliance with applicable laws.  3.8 Extension of Options that Expire During a Blackout Period  If an Option would otherwise expire during a Blackout Period, the term of such Option shall  automatically be extended until ten (10) Business Days after the end of the Blackout Period.  3.9 Effect of Exercise  A Participant shall have no further rights, title or interest with respect to any Option that has  been exercised.    No dividends or dividend equivalents may be granted in connection with an Option.  Other than pursuant to Section 6, the Board shall not without the approval of the Corporation’s  shareholders (a) lower the option price per Share of an Option after it is granted, (b) cancel an  Option when the option price per Share exceeds the Market Value of one Share in exchange for  cash or another award (other than in connection with a Change in Control), or (c) take any other  action with respect to an Option that would be treated as a repricing under the rules and  regulations of the stock exchanges in Canada and the United States on which the Shares are  listed.   

 

  - 11 -    SECTION 4 GRANT OF RSUs  4.1 Grant of RSUs  The Board may, in its discretion, from time to time, subject to the provisions of this Plan and such  other terms and conditions as the Board may prescribe, grant RSUs to any Participant, and the  Participant shall execute an RSU Agreement.  4.2 Number of RSUs  Each Award Agreement shall set forth the Award Date of the RSUs evidenced thereby, the  number of RSUs subject to such Award (or the aggregate dollar value of the Award that will be  divided by the Market Value on the Award Date and rounded down to determine the number of  RSUs), the RSU Vesting Conditions and the applicable Vesting Period(s) and may specify such  other terms and conditions as required under any provision of the Plan.   In the event that the  Participant does not remain actively employed by a Participating Entity during a Vesting Period  due to an Approved Leave of Absence, the Vesting Period shall be extended for a time period  equal to the length of the Approved Leave of Absence, provided that the affected RSUs shall vest  prior to the Expiry Date.    4.3 RSU Accounts  An RSU Account shall be maintained by the Corporation for each Participant and will be credited  with such notional grants of RSUs as are received by a Participant from time to time.  RSUs that  fail to Vest in a Participant, or that are paid out to the Participant, shall be cancelled and shall  cease to be recorded in the Participant’s RSU Account as of the date on which such RSUs are  forfeited or cancelled under the Plan or are settled, as the case may be.  No dividends or dividend equivalents may be credited in connection with an RSU.  4.4 Settlement of RSU Awards  On the Vesting Date, or as soon as practicable following a Vesting Date, such day being the  Settlement Date provided that such Settlement Date may not be later than the Expiry Date, the  Corporation shall:  (a) subject to Section 2.8, issue from treasury the number of Shares that are issuable  to the Participant on the Settlement Date, as fully paid and non-assessable shares;  or  (b) pay an amount in cash to the Participant equal to the aggregate Market Value of  the Shares covered by the Vested RSUs at the Settlement Date.  Whether a Vested RSU is settled in accordance with Section 4.4(a) or Section 4.4(b) shall be at  the sole discretion of the Corporation.  

 

  - 12 -    SECTION 5 TERMINATION OF EMPLOYMENT  5.1 Termination of Employment  If the Participant ceases to be employed by a Participating Entity, the Participant shall forfeit all  rights, title and interest in the Participant’s Awards which are not Vested on the Termination  Date.  The Participant may exercise the Participant’s Options which are Vested on the  Termination Date until the earlier of: (i) the Expiry Date; and (ii) ninety (90) days after the  Termination Date, after which time all Options expire.   5.2 Death of the Participant  All rights, title and interest in the Participant’s Awards which are not Vested on the Participant’s  death shall immediately vest on the date of the Participant’s death.  All of the Participant’s Vested  Options may be exercised by the Participant’s estate, until the earlier of: (i) the Expiry Date; and  (ii) six (6) months after the date of the Participant’s death, after which time all Options expire.   All of the Participant’s Vested RSUs shall be settled by the Corporation in accordance with  Section 4.4 and the Shares or the cash payment will be provided to the Participant’s estate.  5.3 Termination or following a Change of Control  Notwithstanding Section 5.1, if on or following a Change of Control, (A) the employment of the  Participant is terminated other than for Cause during the Change of Control Period or, (B) if the  Corporation or any entity which is or would be the successor to the Corporation or which may  issue securities in exchange for Shares in connection with the Change of Control becoming  effective has not assumed or replaced on substantially similar terms the Participant’s existing  Awards under the Plan: all Awards granted to the Participant shall immediately Vest; all  restrictions shall lapse; and all Vested Options may be exercised by the Participant until the  earlier of the applicable Expiry Date and one (1) year after (i) the Termination Date or (ii) the  effective date of the Change of Control, as applicable, after which time all Options Expire, and all  Vested RSUs shall be settled by the Corporation in accordance with Section 4.4.    5.4 Discretion to Permit Exercise  Subject to applicable laws, the Board may, in its discretion, at any time permit the exercise of any  or all Awards held by the Participant or by the Participant’s estate, as the case may be, in the  manner and on the terms authorized by the Board in its discretion, provided that, in any case,  none of the Board, the Committee or the Executive Chair may authorize the exercise of an Award  pursuant to this Section 5 beyond the Expiry Date.  5.5 Employment Agreements  Sections 5.1, 5.2 and 5.3 of the Plan are subject to the terms and conditions of the Participant’s  Employment Agreement.  

 

  - 13 -    SECTION 6 ADJUSTMENTS  6.1 General  The provisions contained in this Plan and any Award Agreement and the existence of any Awards  shall not affect in any way the right of the Corporation or its shareholders or affiliates to take any  action, including any change in the Corporation’s capital structure or its business, or any  acquisition, disposition, amalgamation, combination, merger or consolidation, or the creation or  issuance of any bonds, debentures, shares or other securities of the Corporation or of an affiliate  thereof or the determination of the rights and conditions attaching thereto, or the dissolution or  liquidation of the Corporation or of any of its affiliates or any sale or transfer of all or any part of  their respective assets or businesses, whether or not any such corporate action or proceeding  would have an adverse effect on this Plan or any Awards granted hereunder.  6.2 Reorganization of the Corporation’s Capital  If the Corporation effects a subdivision or consolidation of Shares or any similar capital  reorganization, amalgamation, combination, recapitalization, stock split, reverse stock split, spin- off, or a payment of a dividend (whether in cash, shares or other property, other than an ordinary  cash dividend), or if any other change is made in the capitalization of the Corporation that, in the  opinion of the Board, would warrant the amendment or replacement of any existing Awards in  order to adjust:  (a) the number of Shares that may be acquired on the exercise of any outstanding  Options;   (b) the Exercise Price of any outstanding Options; or  (c) the number of RSUs in the Participant’s RSU Account;  in order to preserve proportionately the rights and obligations of the Participants, the Board will  authorize such steps to be taken as may be equitable and appropriate to that end.  6.3 Change of Control  In the event of a Change of Control, the Board shall have the authority to take all necessary steps  so as to ensure the preservation of the economic interests of the Participants in, and to prevent  the dilution or enlargement of, any Options or RSUs, which unless otherwise provided in an  Award Agreement shall include ensuring that the Corporation or any entity which is or would be  the successor to the Corporation or which may issue securities in exchange for Shares upon the  Change of Control becoming effective will assume each outstanding Award, or will provide each  Participant with new or replacement or amended Options or RSUs which will continue to Vest  following the Change of Control on similar terms and conditions as provided in this Plan.  6.4 Fractional Shares  No fractional Shares will be issued on the exercise of an Option or the settlement of a RSU.   Accordingly, if as a result of any adjustment to either the Exercise Price or the number of Shares  issuable on exercise of an Option is made pursuant to the Plan, or to the number of RSUs in the  

 

  - 14 -    Participant’s RSU Account, the Participant would become entitled to receive a fractional Share  on the exercise of an Option or the settlement of a RSU, the Participant has the right to acquire  only the number of full Shares and no payment or other adjustment will be made with respect to  the fractional Shares so disregarded.   6.5 Legal Requirement  The Corporation is not obligated to grant any Awards, issue or cause to be purchased any Shares  or other securities, make any payments or take any other action if, in the opinion of the Board,  in its discretion, such action would constitute a violation by a Participant or the Corporation of  any provision of any applicable statutory or regulatory requirement of any government or  governmental authority.  6.6 Rights of Participant  The granting of any Award is not to be construed as giving a Participant a right to remain in the  employ of a Participating Entity.  The participation in the Plan by an employee of a Participating  Entity shall be entirely optional.   6.7 Amendment or Discontinuance  Subject to the final sentence of this Section 6.7, the Board may amend, suspend or terminate the  Plan, or any portion thereof, at any time, subject to those provisions of applicable law (including,  without limitation, the applicable rules, regulations and policies of any stock exchange) that  require the approval of shareholders or any governmental or regulatory body.  The Board may  make amendments to the Plan or to any Award outstanding thereunder without seeking  shareholder approval, except for the following types of amendments:  (a) increasing the number of Shares reserved for issuance under the Plan or other  Plan limits;  (b) any change to the definition of Participant;   (c) reducing the Exercise Price of an Option, except pursuant to Sections 6.2, or any  cancellation and reissue of an Option;  (d) extending the Expiry Date of an Award, except the automatic extension of an  Award pursuant to Sections 3.8 or 4.2 or 4.4;  (e) permitting Awards to be transferred other than by testate or intestate succession;   (f) permitting the addition or modification of a cashless exercise feature, payable in  cash or Shares, unless it provides for a full deduction of the number of underlying  Shares from the Plan reserve;   (g) permitting awards, other than Awards, to be made under the Plan;   (h) amendments to this Section 6.7; or  

 

  - 15 -    (i) amendments to the Plan required to be approved by shareholders under  applicable law.  Except as expressly set forth in the Plan, no action of the Board may adversely alter or impair the  rights of a Participant under any Award previously granted to the Participant without the consent  of the affected Participant.  6.8 Severability  If any provision of this Plan or any Award Agreement is determined to be illegal or unenforceable  by any court of law in any jurisdiction, the remaining provisions are severable and enforceable in  accordance with their terms, and all provisions will remain enforceable in any other jurisdiction.  6.9 General Restrictions and Assignment  (a) Except as required by law, the rights of a Participant under this Plan are not  capable of being anticipated, assigned, transferred, alienated, sold, encumbered,  pledged, mortgaged or charged and are not capable of being subject to  attachment or legal process for the payment of any debts or obligations of the  Participant.  (b) Rights and obligations under this Plan may be assigned by the Corporation to a  successor in the business of the Corporation, any corporation resulting from any  amalgamation, reorganization, combination, merger or arrangement of the  Corporation, or any corporation acquiring all or substantially all of the assets or  business of the Corporation.  6.10 Market Fluctuations  (a) No amount will be paid to, or in respect of, a Participant under this Plan (including  any Award and any Shares that have not been issued or as to which any applicable  restriction has not lapsed), to compensate for a downward fluctuation in the price  of the Shares, nor will any other form of benefit be conferred upon, or in respect  of, a Participant for such purpose.  Awards may be exercised during the life of the  Participant only by the Participant or the Participant’s guardian or legal  representative.    (b) The Corporation makes no representations or warranties to Participants with  respect to this Plan or the Awards whatsoever. Participants are expressly advised  that the value of any Awards will fluctuate as the trading price of the Shares  fluctuates.  (c) In seeking the benefits of participation in this Plan, a Participant agrees to  exclusively accept all risks associated with a decline in the market price of the  Shares and all other risks associated with the Awards.  

 

  - 16 -    6.11 No Shareholder Rights  Under no circumstances shall Awards be considered Shares or other securities of the  Corporation, nor shall they entitle any Participant to exercise voting rights or any other rights  attaching to the ownership of Shares or other securities of the Corporation, nor shall any  Participant be considered the owner of Shares by virtue of the grant of Awards.    6.12 Unfunded and Unsecured Plan    This Plan shall be unfunded and the Corporation will not secure its obligations under this Plan.   To the extent any Participant or his or her estate holds any rights by virtue of a grant of Awards  under this Plan, such rights shall be no greater than the rights of an unsecured creditor of the  Corporation.  6.13 Non-Exclusivity  Nothing contained in this Plan prevents the Board from adopting other or additional  compensation arrangements for the benefit of any Participant, subject to any required regulatory  or shareholder approval.  6.14 Other Employee Benefits  The amount of any compensation deemed to be received by a Participant as a result of the  exercise of an Option or the settlement of an RSU will not constitute compensation with respect  to which any other employee benefits of that Participant are determined including, without  limitation, benefits under any bonus, pension, profit-sharing, insurance or salary continuation  plan, except as otherwise specifically determined by the Board in writing.  6.15 Tax Consequences  It is the responsibility of the Participant to complete and file any tax returns and pay all taxes that  may be required under Canadian or other tax laws within the periods specified in those laws as  a result of the Participant’s participation in the Plan.  No Participating Entity shall be held  responsible for any tax consequences to a Participant as a result of the Participant’s participation  in the Plan.  6.16 Effective Date  This Plan became effective July 9, 2013, as amended and restated by the Board on December 19,  2013, June 18, 2014, May 6, 2015 and May 1, 2017, and confirmed by the Corporation’s  shareholders on June 23, 2015 and June 21, 2017.     

 

      SCHEDULE “A”    BLACKBERRY LIMITED  EQUITY INCENTIVE PLAN    OPTION AGREEMENT  This Option Agreement is entered into between BlackBerry Limited (the “Corporation”) and the  Participant named below (“you”) pursuant to the BlackBerry Limited Equity Incentive Plan (the  “Plan”), a copy of which is attached at the bottom of this Agreement near the “I ACCEPT” button.   The terms and conditions of the Plan are incorporated by reference as terms and conditions of  this Option Agreement and all capitalized terms used in this Option Agreement have the  meanings ascribed thereto in the Plan.   This Option Agreement confirms that:  1. on     (the “Award Date”);  2. __________________________ (the “Participant”);  3. was granted _____________________________ Options (the “Award”);  4. at an exercise price of _________ per Share (the “Exercise Price”);  5. the Award, to the extent noted immediately below, shall Vest at 5:00 p.m. Eastern time  on the following dates (each a “Vesting Date”):  as to ______________ Options on <<Insert 1st Anniversary Date>>;  as to ______________ Options on <<Insert 2nd Anniversary Date>>;  as to ______________ Options on <<Insert 3rd Anniversary Date>>;  as to ______________ Options on <<Insert 4th Anniversary Date>>; and  as to ______________ Options on <<Insert 5th Anniversary Date>>;  provided, however, that if you are not actively employed with a Participating Entity  continuously during a Vesting Period due to an Approved Leave of Absence, the applicable  Vesting Date shall be extended by a period equal to the aggregate of the period(s) of  inactive employment between the Award Date and the Vesting Date, provided that the  affected Options shall vest prior to the Expiry Date;  6. all Options granted under the Award will expire on _______________ (the “Expiry Date”);  7. all unvested Options will expire immediately, be forfeited and be of no force or effect on  the date upon which you cease to be an officer or employee of a Participating Entity for  any reason (other than your death), unless otherwise determined by the Board, the  Committee or the Executive Chair, as applicable, at or after the time of grant, and any  

 

  - 2 -    Vested Options will remain exercisable by you until the earlier of: (i) ninety (90) days after  the date you cease to be an officer or an employee; and (ii) the Expiry Date;  8. for the purposes of the Plan and Section 7, above, you shall cease to be an employee or  officer of a Participating Entity on the earlier of: (i) your last day worked; and (ii) the date  of delivery of the notice of termination of employment, provided such date shall not be  prior to the last day of any minimum statutory notice period, if applicable;    9. on a Change of Control, in the event your employment is terminated other than for Cause  during the Change of Control Period, all Options granted pursuant to the Award will  immediately Vest and will remain exercisable by you until the earlier of: (i) one (1) year  after the date you cease to be an officer or an employee; and (ii) the Expiry Date;  10.  if you die, all of your unvested Options will immediately Vest and your estate will have  the rights that you have under the Plan and this Option  Agreement with respect to the  Vested Options which will remain exercisable by your estate until the earlier of: (i) six (6)  months after the date of your death; and (ii) the Expiry Date;  all on the terms and subject to the conditions set out in the Plan or as may be set out in your  Employment Agreement, if any.    By accepting this Option Agreement, you acknowledge and agree that:  (i) you have received, read and understand the Plan and you will abide by its terms and  conditions;  (ii) the terms of this Award are to be treated by you as confidential;  (iii) your right to participate in the Plan is only as set out herein and nothing herein, or  otherwise, implies any right of you to participate, or be considered for participation, in  any later grant of Options, which shall in all cases be at the sole discretion of the  Corporation;  (iv)  an Option does not carry any voting rights;  (v) during the period between granting of an Award and the Vesting Date of the Award (or  settlement thereof) the value of an Option may be subject to stock market fluctuations  and that the Corporation accepts no responsibility for any fluctuations in the value of an  Award;  (vi) at the sole discretion of the Corporation, the Plan can be administered by a designee of  the Corporation and any communication from or to the designee shall be deemed to be  from or to the Corporation;  (vii) your “Personal Information” (which includes, but is not limited to, any information that  identifies you, which may include, where applicable, your name, date of birth, contact  

 

  - 3 -    information, employment information, and financial information), may be submitted to  the Corporation’s third party equity plan administrator (the “Administrator”) or third  party service providers, whether directly by you through your use of the Administrator’s  administration platform (“Administrator Platform”), or indirectly through the  Corporation.  You consent to the collection, use, processing, reproduction, storage,  transmission, and/or disclosure of your Personal Information by the Administrator, the  Corporation and/or third party service providers in order to: (i) properly identify you and  establish and maintain your account(s) with the Administrator on, and provide services to  you (including the processing of transaction instructions relating to the Plan and Awards  made to you thereunder) through, the Administrator Platform; (ii) for any purposes  permitted or required by any applicable law; (iii) from time to time, contact third parties  who keep Personal Information about you in order to gather information necessary to  properly service your account with the Administrator; (iv) complete and effect any filings,  tax deductions, withholdings and remittances or other remittances required pursuant to  any applicable law or regulation or the Plan or the Award Agreements between you and  the Corporation relating to Awards to you under the Plan; and/or (v) for any of the other  purposes which are set out in the Corporation’s current privacy policy, at  http://www.blackberry.com/legal/privacy.shtml which are incorporated into this option  Agreement by reference and which you hereby confirm and agree you have reviewed and  read (collectively, the “Purpose”). The amount and type of Personal Information collected  and used by the Administrator, third party service providers and/or the Corporation  hereunder is limited to what is necessary to fulfill the Purpose. Your Personal Information  will be kept confidential and will be disclosed only as necessary to fulfill the Purpose or as  may otherwise be required by any applicable law or regulation.  (viii) The Corporation and the Participating Entities assume no responsibility as regards to the  tax consequences that participation in the Plan will have for you and you are solely liable  for any taxes, interest or penalties associated therewith, whether income, sales, value- added (such as HST or GST), or other harmonized taxes which may be payable to Canada  Revenue Agency under the Income Tax Act (Canada) or any other taxing authority in  respect of any Option Award or interest charges thereon and the delivery of common  shares of the Corporation or cash pursuant to any such award is contingent upon payment  by you of applicable withholding requirements and applicable taxes may be withheld from  any such payment in settlement of your Award by either the Administrator or the  Corporation or one of their respective third party service providers. YOU ARE URGED TO  CONSULT YOUR OWN TAX ADVISOR IN SUCH REGARD;   (ix) you will comply with the Corporation’s Insider Trading Policy and applicable securities  laws in connection with any sale of Shares;  (x) you may not sell the Shares if you are in possession of material information concerning  the Corporation or its securities that is not generally known to the public and, even if you  do not believe you are in possession of material non-public information about the  Corporation or its securities, you may be subject to regular or special trading blackouts,  

 

  - 4 -    pre-clearance requirements or other trading restrictions from time to time which you  hereby agree to comply with;   (xi) you represent that you are not currently subject to any cease trading order or similar  restriction on trading Shares issued by any securities regulatory authority, and you agree  that you will immediately notify the Corporation if you become subject to any such order  or restriction;  (xii) you have entered into the administration agreement required by the Administrator with  the Corporation and this Award is subject to your compliance with the terms and  conditions of that binding agreement with the Corporation; and  (xiii) this Option Agreement will be governed by and construed in accordance with the law of  Ontario, Canada and you, the Corporation and any other affiliate will submit to the  jurisdiction of the courts of Ontario in relation to anything arising under this Agreement  or the Plan.  IN WITNESS WHEREOF the Corporation and the Participant have executed this option Agreement  as of the date that the “I ACCEPT” button is clicked.  BLACKBERRY LIMITED    By: _____<<INSERT DIGITAL SIGNATURE>>_______________________  Steven Capelli  Chief Financial Officer  I ACKNOWLEDGE THAT I HAVE READ THE ABOVE TERMS AND CONDITIONS.  I ACKNOWLEDGE  THAT THE OPTION AWARD NOTED IN THE ABOVE OPTION AGREEMENT IS SUBJECT TO MY  ACCEPTANCE OF THE ABOVE OPTION AGREEMENT.  I UNDERSTAND THAT I WILL NOT BE ABLE  TO MAKE ANY ELECTIONS OR RECEIVE ANY PROCEEDS OR COMMON SHARES IN RESPECT OF  THE OPTIONS THAT ARE THE SUBJECT MATTER OF THIS OPTION AGREEMENT, UNLESS I ACCEPT  AND ABIDE BY THIS OPTION AGREEMENT WITH THE CORPORATION.  CLICKING THE "I ACCEPT"  BUTTON IMMEDIATELY BELOW IS THE EQUIVALENT OF MY SIGNATURE. BY CLICKING ON THE  "I ACCEPT" BUTTON, I AM INDICATING MY ACCEPTANCE OF THE ABOVE TERMS AND  CONDITIONS AND AM CREATING A BINDING AGREEMENT BETWEEN ME AND THE  CORPORATION.    I ACCEPT  <<Attachments for Base Award are: Option FAQ and Equity Incentive Plan.>>    

 

36990-2002 15129320.1        SCHEDULE “B”    BLACKBERRY LIMITED  EQUITY INCENTIVE PLAN    RSU AGREEMENT  This RSU Agreement is entered into between BlackBerry Limited (the “Corporation”) and the  Participant named below (“you”) pursuant to the BlackBerry Limited Equity Incentive Plan (the  “Plan”), a copy of which is attached at the bottom of this Agreement near the “I ACCEPT” button.   The terms and conditions of the Plan are incorporated by reference as terms and conditions of  this RSU Agreement and all capitalized terms used in this RSU Agreement have the meanings  ascribed thereto in the Plan.   This RSU Agreement confirms that:  1. on     (the “Award Date”);  2. __________________________ (the “Participant”);  3. was granted _____________________________ RSUs (the “Award”);  4. vesting of the Award will not be subject to the attainment of performance objectives;  5. the Award, to the extent noted immediately below, shall Vest at 5:00 p.m. Eastern time  on the following dates (each a “Vesting Date”):  as to ______________ RSUs on <<Insert 1st Anniversary Date>>;  as to ______________ RSUs on <<Insert 2nd Anniversary Date>>; and  as to ______________ RSUs on <<Insert 3rd Anniversary Date>>;  provided, however, that if you are not actively employed with a Participating Entity  continuously during a Vesting Period due to an Approved Leave of Absence, the applicable  Vesting Date shall be extended by a period equal to the aggregate of the period(s) of  inactive employment between the Award Date and the Vesting Date, provided that the  affected RSUs shall vest prior to the Expiry Date;  6.  All RSUs granted under this Award will expire on December 31, 201_  (the “Expiry Date”);  7. the Award will expire immediately, be forfeited and be of no force or effect on the date  upon which you cease to be an officer or employee of a Participating Entity for any reason  (other than your death), unless otherwise determined by the Board, the Committee or  the Executive Chair, as applicable, at or after the time of grant;  

 

36990-2002 15129320.1    - 2 -    8.  for the purposes of the Plan and Section 6, above, you shall cease to be an employee or  officer of a Participating Entity on the earlier of: (i) your last day worked; and (ii)  the date  of delivery of the notice of termination of employment, provided such date shall not be  prior to the last day of any minimum statutory notice period, if applicable;  9. on a Change of Control, in the event your employment is terminated other than for Cause  during the Change of Control Period, all RSUs granted pursuant to the Award will  immediately Vest;   10.  if you die, all of your unvested RSUs will immediately Vest and your estate will have the  rights that you have under the Plan and this RSU Agreement with respect to the Vested  RSUs;  all on the terms and subject to the conditions set out in the Plan and subject to the terms and  conditions of your Employment Agreement, if any.    By accepting this RSU Agreement, you acknowledge and agree that:  (i) you have received, read and understand the Plan and you will abide by its terms and  conditions;  (ii) the terms of this Award are to be treated by you as confidential;  (iii) your right to participate in the Plan is only as set out herein and nothing herein, or  otherwise, implies any right of you to participate, or be considered for participation, in  any later grant of RSUs, which shall in all cases be at the sole discretion of the Corporation;  (iv)  an RSU does not carry any voting rights;  (v) during the period between granting of an Award and the Vesting Date of the Award (or  settlement thereof) the value of an RSU may be subject to stock market fluctuations and  that the Corporation accepts no responsibility for any fluctuations in the value of an  Award;  (vi) at the sole discretion of the Corporation, the Plan can be administered by a designee of  the Corporation and any communication from or to the designee shall be deemed to be  from or to the Corporation;  (vii) your “Personal Information” (which includes, but is not limited to, any information that  identifies you, which may include where applicable your name, date of birth, contact  information, employment information, and financial information), may be submitted to  the Corporation’s third party equity plan administrator, Solium Capital Inc.  (“Administrator”) or third party service providers, whether directly by you through your  use of the Administrator’s administration platform (“Administrator Platform”), or  indirectly through the Corporation.  You consent to the collection, use, processing,  reproduction, storage, transmission, and/or disclosure of your Personal Information by  

 

36990-2002 15129320.1    - 3 -    the Administrator, the Corporation and/or third party service providers in order to: (i)  properly identify you and establish and maintain your account(s) with the Administrator  on, and provide services to you (including the processing of transaction instructions  relating to the Plan and Awards made to you thereunder) through, the Administrator  Platform; (ii) for any purposes permitted or required by any applicable law; (iii) from time  to time, contact third parties who keep Personal Information about you in order to gather  information necessary to properly service your account with the Administrator; (iv)  complete and effect any filings, tax deductions, withholdings and remittances or other  remittances required pursuant to any applicable law or regulation or the Plan or the  Award Agreements between you and the Corporation relating to Awards to you under  the Plan; and/or (v) for any of the other purposes which are set out in the Corporation’s  current privacy policy, at http://www.blackberry.com/legal/privacy.shtml which are  incorporated into this RSU Agreement by reference and which you hereby confirm and  agree you have reviewed and read (collectively, the “Purpose”). The amount and type of  Personal Information collected and used by the Administrator, third party service  providers and/or the Corporation hereunder is limited to what is necessary to fulfill the  Purpose. Your Personal Information will be kept confidential and will be disclosed only as  necessary to fulfill the Purpose or as may otherwise be required by any applicable law or  regulation.  (viii) The Corporation and the Participating Entities assume no responsibility as regards to the  tax consequences that participation in the Plan will have for you and you are solely liable  for any taxes, interest or penalties associated therewith, whether income, sales, value- added (such as HST or GST), or other harmonized taxes which may be payable to Canada  Revenue Agency under the Income Tax Act (Canada) or any other taxing authority in  respect of any RSU Award or interest charges thereon and the delivery of common shares  of the Corporation or cash pursuant to any such award is contingent upon payment by  you of applicable withholding requirements and applicable taxes may be withheld from  any such payment in settlement of your Award by either the Administrator or the  Corporation or one of their respective third party service providers. YOU ARE URGED TO  CONSULT YOUR OWN TAX ADVISOR IN SUCH REGARD;   (ix) you will comply with the Corporation’s Insider Trading Policy and applicable securities  laws in connection with any sale of Shares;  (x) you may not sell the Shares if you are in possession of material information concerning  the Corporation or its securities that is not generally known to the public and, even if you  do not believe you are in possession of material non-public information about the  Corporation or its securities, you may be subject to regular or special trading blackouts,  pre-clearance requirements or other trading restrictions from time to time which you  hereby agree to comply with;   (xi) you represent that you are not currently subject to any cease trading order or similar  restriction on trading Shares issued by any securities regulatory authority, and you agree  

 

36990-2002 15129320.1    - 4 -    that you will immediately notify the Corporation if you become subject to any such order  or restriction;  (xii) you have entered into the administration agreement required by the Administrator with  the Corporation and this Award is subject to your compliance with the terms and  conditions of that binding agreement with the Corporation; and  (xiii) this RSU Agreement will be governed by and construed in accordance with the law of  Ontario, Canada and you, the Corporation and any other affiliate  will submit to the  jurisdiction of the courts of Ontario in relation to anything arising under this RSU  Agreement or the Plan.  (xiv) If you are a resident of the United States, the intent of the Corporation is that payments  and benefits under the Plan comply with Section 409A of the Internal Revenue Code of  1986, as amended (“Section 409A”), to the extent subject thereto, and, accordingly, to  the maximum extent permitted, the Plan shall be interpreted and be administered to be  in compliance therewith.  It is intended that payments made in settlement of RSUs on or  before the 15th day of the third month following the end of the Participant’s first taxable  year in which the right to the payment is no longer subject to a substantial risk of  forfeiture shall be exempt from compliance with Section 409A pursuant to the exception  for short-term deferrals set forth in Section 1.409A-1(b)(4) of the applicable Treasury  Regulations.  Notwithstanding anything contained herein to the contrary, to the extent  required in order to avoid accelerated taxation and/or tax penalties under Section 409A,  a Participant shall not be considered to have terminated employment or service with the  Corporation or its Affiliates for purposes of the Award and no payment shall be due to the  Participant under the Award until the Participant would be considered to have incurred a  “separation from service” from the Corporation or its Affiliates within the meaning of  Section 409A.  Notwithstanding anything to the contrary in the Plan, to the extent that  any Awards are payable upon a separation from service and such payment would result  in the imposition on any individual of additional income tax under Section 409A, the  settlement and payment of such awards shall instead be made on the first business day  after the date that is six months following such separation from service (or death, if  earlier), to the extent necessary to avoid the imposition of such taxes.  IN WITNESS WHEREOF the Corporation and the Participant have executed this RSU Agreement  as of the date that the “I ACCEPT” button is clicked.  BLACKBERRY LIMITED  By: _____<<INSERT DIGITAL SIGNATURE>>_______________________  Steven Capelli  Chief Financial Officer  I ACKNOWLEDGE THAT I HAVE READ THE ABOVE TERMS AND CONDITIONS.  I ACKNOWLEDGE  THAT THE RSU AWARD NOTED IN THE ABOVE RSU AGREEMENT IS SUBJECT TO MY ACCEPTANCE  

 

36990-2002 15129320.1    - 5 -    OF THE ABOVE RSU AGREEMENT.  I UNDERSTAND THAT I WILL NOT BE ABLE TO MAKE ANY  ELECTIONS OR RECEIVE ANY PROCEEDS OR COMMON SHARES IN RESPECT OF THE RSUS THAT  ARE THE SUBJECT MATTER OF THIS RSU AGREEMENT, UNLESS I ACCEPT AND ABIDE BY THIS RSU  AGREEMENT WITH THE CORPORATION .  CLICKING THE "I ACCEPT" BUTTON IMMEDIATELY  BELOW IS THE EQUIVALENT OF MY SIGNATURE. BY CLICKING ON THE "I ACCEPT" BUTTON, I AM  INDICATING MY ACCEPTANCE OF THE ABOVE TERMS AND CONDITIONS AND AM CREATING A  BINDING AGREEMENT BETWEEN ME AND THE CORPORATION.    I ACCEPT  <<Attachments for Base Award are: RSU FAQ and Equity Incentive Plan.>>employeestockpurchasepla

      BLACKBERRY LIMITED  2015 EMPLOYEE STOCK PURCHASE PLAN  AMENDED AND RESTATED JUNE 23, 2020  1. Purpose.  This BlackBerry Limited 2015 Employee Stock Purchase Plan  (the “Plan”) is intended to provide employees of the Corporation and other Participating  Entities with an opportunity to acquire a proprietary interest in the Corporation through  the purchase of Shares.   2. Definitions.  “Administrative Agent” means the financial services firm or other agent  designated by the Corporation to maintain ESPP Share Accounts on behalf of Participants  who have purchased Shares under the Plan.  “affiliate” and “jointly or in concert” have the respective meanings set  forth in the Securities Act (Ontario), as amended from time to time.  “Blackout Period” means any period imposed by the Corporation  applicable to a Participant, during which specified individuals, including insiders of the  Corporation, may not trade in the Corporation’s securities (including for greater certainty  any period during which specific individuals are restricted from trading because they  possess material non-public information), but does not include any period when a  regulator has halted trading in the Corporation’s securities.   “Board or Board of Directors” means the Board of Directors of the  Corporation, as constituted from time to time.  “Committee” means the committee of the Board responsible for  recommending to the Board the compensation of the executive officers and other  employees, which, as at the effective date of the Plan, is the Compensation, Nomination  and Governance Committee.  “Compensation” means the base salary or base hourly wages for non- overtime work hours paid to an Eligible Employee by a Participating Entity as  compensation for services to the Participating Entity, before deduction for any salary  deferral contributions made by the Eligible Employee to any tax-qualified or nonqualified  deferred compensation plan or contributions for any health or welfare benefit programs.    “Corporate Transaction” means a sale or conveyance of all or  substantially all of the property and assets of the Corporation or any merger,  

 

  2    consolidation, amalgamation, combination or offer to acquire all of the outstanding  Shares or other similar transaction.  “Corporation” means BlackBerry Limited, an Ontario corporation,  including any successor thereto.   “Eligible Employee” means an Employee who is customarily employed  for at least twenty (20) hours per week and more than five (5) months in any calendar  year.  Notwithstanding the foregoing, the Committee may exclude from participation in  the Plan or any Offering Employees who are “highly compensated employees” of any  Participating Entity, Employees who have been employed by any Participating Entity for  less than 2 years, “officers” of any Participating Entity and Employees whose principal  duties consist of supervising the work of other Employees.  The Board may from time to  time establish different eligibility standards for Employees.    “Employee” means any person who renders services to a Participating  Entity as an employee pursuant to an employment relationship with such employer. For  purposes of the Plan, the employment relationship shall be treated as continuing intact  while the individual is on military leave, sick leave or other leave of absence approved by  a Participating Entity.  Where the period of leave exceeds three (3) months, and the  individual’s right to re-employment is not guaranteed by statute or contract, the  employment relationship shall be deemed to have terminated on the first day immediately  following such three-month period.    “Enrollment Form” means an agreement pursuant to which an Eligible  Employee may elect to enroll in the Plan, to authorize a new level of payroll deductions,  or to stop payroll deductions and withdraw from an Offering Period.  “ESPP Share Account” means an account into which Shares purchased  with accumulated payroll deductions at the end of an Offering Period are held on behalf  of a Participant.  “Fair Market Value” means, as of any date, (i) the closing price of the  Shares on the Toronto Stock Exchange, in relation to Participants whose Compensation is  paid in Canadian dollars, or (ii) the closing price of the Shares on the New York Stock  Exchange, in relation to Participants whose Compensation is paid in U.S. dollars or any  other foreign currency.   “Initial Offering Period” means the first Offering Period of the Plan,  beginning July 1, 2015, and ending September 30, 2015.  “Offering Date” means the first Trading Day of each Offering Period as  designated by the Board.  

 

  3    “Offering Period” means the period of time Participant payroll  deductions are accumulated for the purchase of Shares on the Purchase Date.  Pursuant to  Section 6, the Board may change the duration of future Offering Periods and/or the start  and end dates of future Offering Periods.    “Participant” means an Eligible Employee who is actively participating  in the Plan.  “Participating Entity” means the Corporation and any affiliate of the  Corporation which is designated by the Board from time to time in its sole discretion.  “Plan” means this BlackBerry Limited 2015 Employee Stock Purchase  Plan, as set forth herein, and as amended from time to time.  “Purchase Date” means the last Trading Day of each Offering Period.  “Purchase Price” means that price set by the Board for a Participant of a  specified Participating Entity to purchase a Share on the Purchase Date, which shall be no  less than eighty-five percent (85%) of the Fair Market Value of a Share on the Purchase  Date.  “Share” means a common share of the Corporation.  “Termination Date” means the earlier of: (i) the date specified in the  written notice of termination or resignation; and (ii) the last day worked by the  Participant, provided such date shall not be prior to the last day of any minimum statutory  notice period, if applicable.  “Trading Day” means any day on which each of the Toronto Stock  Exchange and the New York Stock Exchange is open for trading.  3. Administration.  This Plan will be administered by the Board and the  Board has complete authority, in its discretion, to interpret the provisions of this Plan.  In  administering and interpreting the Plan, the Board may adopt, amend and rescind  administrative guidelines and other rules and regulations relating to this Plan and make  all other determinations and take all other actions necessary or advisable for the  implementation and administration of this Plan, including without limitation adopting  sub-plans applicable to particular Participating Entities or locations, which the Board  determines, in its discretion, are necessary or advisable.  The Board’s determinations and  actions within its authority under this Plan are final, conclusive and binding on the  Corporation, its affiliates and all other persons.  The Corporation shall pay all expenses  incurred in the administration of the Plan except for brokerage fees or expenses  

 

  4    associated with the sale or transfer of Shares by a Participant, which fees and expenses  shall be borne by the Participants.  4. Delegation to Committee.  To the extent permitted by applicable law, the  Board may, from time to time, delegate to the Committee all or any of the powers  conferred on the Board under the Plan. In such event, references to the Board mean and  include the Committee and the Committee will exercise the powers delegated to it by the  Board in the manner and on the terms authorized by the Board.  Any decisions made or  actions taken by the Committee arising out of or in connection with the administration or  interpretation of this Plan within its authority under this Plan, are final, conclusive and  binding on the Participating Entities and all other persons.    5. Eligibility.  Unless otherwise determined by the Board in a manner that is  consistent with this Plan, any individual who is an Eligible Employee as of the first day  of the enrollment period designated by the Board for a particular Offering Period shall be  eligible to participate in such Offering Period.    6. Offering Periods.  The Plan shall be implemented by a series of Offering  Periods.  The first Offering Period shall be the Initial Offering Period (beginning July 1,  2015 and ending September 30, 2015).  Thereafter, each Offering Period shall be six (6)  months in duration, with new Offering Periods commencing on October 1 and April 1 of  each year (or such other times as determined by the Board).  The Board shall have the  authority to change the duration, frequency, start and end dates of Offering Periods.  7. Participation.  7.1 Enrollment; Payroll Deductions.  An Eligible Employee may elect  to participate in the Plan in an Offering Period by properly completing and submitting an  Enrollment Form not later than 5 business days following the first day of such Offering  Period.  Such Enrollment Form shall be submitted  in accordance with the enrollment  procedures established by the Board. Participation in the Plan is entirely voluntary. By  submitting an Enrollment Form, the Eligible Employee authorizes payroll deductions  from his or her Compensation in an amount equal to at least one percent (1%), but not  more than fifteen percent (15%) of his or her Compensation on each pay day occurring  during an Offering Period (or such other maximum percentage as the Board may establish  from time to time before an Offering Period begins); provided, however, that in no event  shall a Participant’s payroll deductions in any calendar year exceed U.S. $30,000 (or such  lower amount as determined from time to time by the Board).  Payroll deductions shall  commence on the first payroll date following the Offering Date and end on the last  payroll date on or before the Purchase Date.  The Corporation shall maintain records of  all payroll deductions but shall have no obligation to pay interest on payroll deductions or  to hold such amounts in a trust or in any segregated account. Unless expressly permitted  

 

  5    by the Board, a Participant may not make any separate contributions or payments to the  Plan.  7.2 Employer Contributions.  With the approval of the Board (and  subject to the Purchase Price being set at no less than the Fair Market Value of a Share on  the Purchase Date), a Participating Entity may provide a Participant with cash  contributions to purchase Shares (“Employer Contribution”).  Such Employer  Contribution shall be combined with the Participant’s accumulated payroll deductions  and shall be used to purchase Shares on the Purchase Date.  Such Employer Contribution  shall not exceed 15% of the Participant’s accumulated payroll deductions during each  Offering Period.  7.3 Election Changes.  A Participant may decrease or increase his or  her rate of payroll deductions for  any current Offering Period by submitting a new  Enrollment Form authorizing the new rate of payroll deduction not later than 5 business  days following the first day of such Offering Period. (or within such other timeframe as  determined from time to time by the Board).  Any changes made after such time will not  become effective until the next Offering Period.  Notwithstanding the foregoing, to the  extent necessary to comply with any applicable limits on the amount of payroll  deductions, a Participant’s rate of payroll deductions may be decreased by the  Corporation to as low as 0% at any time during an Offering Period.  7.4 Automatic Re-enrollment. The deduction rate selected in the  Enrollment Form shall remain in effect for subsequent Offering Periods unless the  Participant (i) submits a new Enrollment Form authorizing a new level of payroll  deductions in accordance with Section 7.3, (ii) withdraws from the Plan in accordance  with Section 11, or (iii) terminates employment or otherwise becomes ineligible to  participate in the Plan.   7.5 Blackout Periods.  Notwithstanding any other provision of the  Plan, if a Blackout Period is in effect, (i) an Eligible Employee subject to the Blackout  Period may not enroll until after the end of the Blackout Period, and (ii) a Participant  subject to the Blackout Period may not make changes to authorized payroll deductions, or  voluntarily withdraw from the Plan until after the end of the Blackout Period.  8. Grant of Right. On each Offering Date, each Participant in the applicable  Offering Period shall be granted a right to purchase, on the Purchase Date, a number of  Shares determined by dividing the Participant’s accumulated payroll deductions during  the Offering Period by the applicable Purchase Price.  9. Exercise of Right/Purchase of Shares. A Participant’s right to purchase  Shares will be exercised automatically on the Purchase Date of each Offering Period. The  Participant’s accumulated payroll deductions and any applicable Employer Contribution  

 

  6    during the Offering Period will be used to purchase the maximum number of whole  Shares that can be purchased with the amounts in the Participant’s notional account.  No  fractional Shares may be purchased.  However, the Participant’s ESPP Share Account  will be credited with notional fractional Shares which will be aggregated with other  notional fractional Shares credited from other Purchase Dates and any resulting whole  Shares from such aggregation will be delivered to the Participant, subject to earlier  withdrawal by the Participant in accordance with Section 11 or termination of  employment in accordance with Section 12.  10. Transfer of Shares; Dividends.    10.1 As soon as reasonably practicable after each Purchase Date, the Corporation will  arrange for the delivery to each Participant of the Shares purchased upon exercise of his  or her right.  Alternatively, other evidence of ownership of the Shares will be sent to the  Participant if the Shares are to be held in book-entry form.  The Board may permit or  require that the Shares be deposited directly into an ESPP Share Account established in  the name of the Participant with an Administrative Agent and may require that the Shares  be registered in the name of the Administrative Agent, or its nominee, and held on behalf  of the respective Participants.  Whole Shares allocated to a Participant’s ESPP Share  Account shall be voted in accordance with the directions, if any, of the applicable  Participant.  10.2 Cash dividends, if any, paid with respect to the Shares held in the ESPP Share  Account under the Plan shall be automatically reinvested in Shares.  Any share dividend  or other distribution made to holders of Shares will be credited to and held in the  Participant’s ESPP Share Account.  The Board shall have the right at any time or from  time to time upon notice to Participants to change the default dividend reinvestment  policy.   11. Withdrawal.  11.1 Withdrawal Procedure.  A Participant may withdraw from an  Offering by submitting to the Corporation a revised Enrollment Form indicating his or  her election to withdraw at least thirty business days (or within such other timeframe as  determined from time to time by the Board) before the Purchase Date.  The accumulated  payroll deductions held on behalf of a Participant in his or her notional account (that have  not been used to purchase Shares) shall be paid or delivered, as applicable, to the  Participant promptly following receipt of the Participant’s Enrollment Form indicating  his or her election to withdraw and the Participant’s right shall be automatically  terminated.  If a Participant withdraws from an Offering Period, no payroll deductions  will be made during any succeeding Offering Period, unless the Participant re-enrolls in  accordance with Section 7.1 of the Plan.  

 

  7    11.2 Effect on Succeeding Offering Periods.  A Participant’s election to  withdraw from an Offering Period will not have any effect upon his or her eligibility to  participate in succeeding Offering Periods that commence following the completion of  the Offering Period from which the Participant withdraws.  12. Termination of Employment; Change in Employment Status.    12.1 Upon termination of a Participant’s employment with a  Participating Entity for any reason, including death, disability, resignation or retirement,  or a change in the Participant’s employment status following which the Participant is no  longer an Eligible Employee, which in any case occurs at least five business days before  the Purchase Date, the Participant will be deemed to have withdrawn from the Plan as of  the Termination Date and the payroll deductions in the Participant’s notional account  (that have not been used to purchase Shares), shall be returned to the Participant, or in the  case of the Participant’s death, to the person(s) entitled to such amounts under Section 20,  and the Participant’s right shall be automatically terminated as of the Termination Date.   If the Participant’s Termination Date occurs within five business days before a Purchase  Date, the accumulated payroll deductions and any applicable Employer Contribution shall  be used to purchase Shares on the Purchase Date.  12.2 A Participant whose participation in the Plan has terminated as  provided in Subsection 12.1 or his or her executors or administrators, as the case may be,  may elect to deal with the Shares in their ESPP Share Account by completing a notice in  the form prescribed by the Corporation and filing it with the Administrative Agent within  ninety (90) days after termination of the Participant’s participation in the Plan requesting  that:  (a) share certificates for all of the whole Shares in the  Participant’s ESPP Share Account be issued in his or her name or as directed, in which  case the Administrative Agent shall make the necessary arrangements for the issuance  and delivery of the appropriate certificates representing the Shares as soon as practicable  following receipt of any such notice, and the Participant or his or her executors or  administrators, as the case may be, will be responsible for paying any applicable fees in  connection therewith (by deduction from their personal account prior to issuance of the  share certificates); or  (b) all of the whole Shares in the Participant’s ESPP Share  Account be sold and the proceeds distributed to him or her or as directed, in which case  the Administrative Agent shall sell all such Shares as directed and forward the proceeds  (net of any brokerage commissions and sales administration fees) to such Participant or as  otherwise directed, or his to or her executors or administrators, as the case may be, as  soon as practicable following receipt of any such notice.  

 

  8    12.3 If no notice is filed pursuant to Subsection 12.2 within ninety (90)  days after the termination of a Participant’s participation in the Plan, the Participant or his  or her executors or administrators, as the case may be, shall be deemed to have elected to  request that the whole Shares in the Participant’s ESPP Share Account be sold and the  proceeds distributed to him or her or as directed, in which case the Administrative Agent  shall sell all such Shares as directed and forward proceeds (net of any brokerage  commissions and sales administration fees) to such Participant or as otherwise directed,  or his to or her executors or administrators, as the case may be, as soon as practicable  following the end of such period.  12.4 The Participant or his or her executors or administrators, as the  case may be, shall be responsible for ensuring compliance with the provisions of  applicable securities laws and applicable tax laws in respect of the tax consequences  resulting from any transfer or sale or Shares pursuant to Subsections 12.2(b) or 12.3.  12.5 In all instances contemplated by this Section 12, the Participant  shall receive the cash equivalent of any fractional Share credited to his or her ESPP Share  Account.   13. Leave of Absence. If a Participant ceases to be an Eligible Employee as a  result of an approved leave of absence, the Participant’s participation in the Plan shall be  suspended until the Participant’s return and such Participant shall not be permitted to  remit payments for the purchase of Shares.   14. Interest.  No interest shall accrue on or be payable with respect to the  payroll deductions of a Participant in the Plan.   15. Shares Reserved for Plan.  15.1 Number of Shares. A total of ten million (10,000,000) Shares have  been reserved as authorized for issuance under the Plan.  The Shares purchased under the  Plan may be Shares issued from treasury or Shares acquired on the open market.   15.2 Over-Subscribed Offerings.  The number of Shares which a  Participant may purchase in an Offering under the Plan may be reduced if the Offering is  over-subscribed. No right granted under the Plan shall permit a Participant to purchase  Shares which, if added together with the total number of Shares purchased by all other  Participants in such Offering would exceed the total number of Shares remaining  available under the Plan.  If the Board determines that, on a particular Purchase Date, the  number of Shares with respect to which rights are to be exercised exceeds the number of  Shares then available under the Plan, the Corporation shall make a pro rata allocation of  the Shares remaining available for purchase in as uniform a manner as practicable and as  the Board determines to be equitable.  

 

  9    16. Participation Limits.  The grant of rights under the Plan is subject to the following limitations:  16.1 No more than 10% of the Corporation’s outstanding Shares may be  issued under the Plan or pursuant to any other security based compensation arrangements  of the Corporation in any one (1) year period.  16.2 No more than 5% of the Corporation’s outstanding Shares may be  issued under the Plan or pursuant to any other security based compensation arrangements  of the Corporation to any one Participant.  16.3 The number of the Corporation’s Shares (i) issued to insiders of the  Corporation within any one year period, and (ii) issuable to insiders of the Corporation, at  any time, under the Plan, or when combined with all of the Corporation’s security-based  compensation arrangements, cannot exceed 10% of the Corporation’s total outstanding  Shares, respectively.  16.4 For the purposes of this Plan, “insider” and “security based  compensation arrangement” have the meanings set out in the TSX Company Manual.  17. Transferability.  No payroll deductions credited to a Participant, nor any  rights to receive Shares hereunder may be assigned, transferred, pledged or otherwise  disposed of in any way (other than by will, the laws of descent and distribution, or as  provided in Section 20 hereof) by the Participant.  Any attempt to assign, transfer, pledge  or otherwise dispose of such rights or amounts shall be without effect.  18. Application of Funds.  All payroll deductions received or held by the  Corporation under the Plan may be used by the Corporation for any corporate purpose to  the extent permitted by applicable law, and the Corporation shall not be required to  segregate such payroll deductions or contributions.  19. Statements.  Participants will be provided with statement, electronic or  otherwise, at least annually which shall set forth the contributions made by the Participant  to the Plan, the Purchase Price of any Shares purchased with accumulated funds, the  number of Shares purchased, and any payroll deduction amounts remaining in the  Participant’s notional account.  20. Designation of Beneficiary.  A Participant may file, on forms supplied by  the Board, a written designation of beneficiary who is to receive any Shares and cash in  respect of any fractional Shares, if any, from the Participant’s ESPP Share Account under  the Plan in the event of such Participant’s death. In addition, a Participant may file a  written designation of beneficiary who is to receive any cash withheld through payroll  

 

  10    deductions and credited to the Participant’s notional account in the event of the  Participant’s death prior to the Purchase Date of an Offering Period.  21. Adjustments Upon Changes in Capitalization; Dissolution or Liquidation;  Corporate Transactions.  21.1 Adjustments.  In the event that any special dividend or other  special distribution (whether in the form of cash, securities, or other property),  recapitalization, stock split, reverse stock split, reorganization, merger, consolidation,  split-up, spin-off, combination, repurchase, or exchange of Shares, or other change in the  Corporation’s structure affecting the Shares occurs, then in order to prevent dilution or  enlargement of the benefits or potential benefits intended to be made available under the  Plan, the Board shall conclusively determine the appropriate equitable adjustments, if  any, to be made under the Plan, including, without limitation, adjustments to the number  of Shares which have been authorized for issuance under the Plan.  21.2 Dissolution or Liquidation.  Unless otherwise determined by the  Board, in the event of a proposed dissolution or liquidation of the Corporation, any  Offering Period then in progress will be shortened by setting a new Purchase Date and the  Offering Period will end immediately prior to the proposed dissolution or liquidation.   The new Purchase Date will be before the date of the Corporation’s proposed dissolution  or liquidation. Before the new Purchase Date, the Board will provide each Participant  with written notice, which may be electronic, of the new Purchase Date and that the  Participant’s right will be exercised automatically on such date, unless before such time,  the Participant has withdrawn from the Offering in accordance with Section 11.  21.3 Corporate Transaction.  In the event of a Corporate Transaction,  each outstanding right will be assumed or an equivalent right substituted by the successor  corporation or a parent or subsidiary of such successor corporation. If the successor  corporation refuses to assume or substitute the right, the Offering Period with respect to  which the right relates will be shortened by setting a new Purchase Date on which the  Offering Period will end.  The new Purchase Date will occur before the date of the  Corporate Transaction. Prior to the new Purchase Date, the Board will provide each  Participant with written notice, which may be electronic, of the new Purchase Date and  that the Participant’s right will be exercised automatically on such date, unless before  such time, the Participant has withdrawn from the Offering in accordance with Section  11.  22. General Provisions.  22.1 No Right to Continued Service.  Neither the Plan nor any rights  hereunder will confer on any Participant the right to continue as an Employee or in any  other capacity.  

 

  11    22.2 Rights As Shareholder.  A Participant will become a shareholder  with respect to the Shares that are purchased pursuant to rights granted under the Plan  when the Shares are transferred to the Participant’s ESPP Share Account.  A Participant  will have no rights as a shareholder with respect to Shares for which an election to  participate in an Offering Period has been made until such Participant becomes a  shareholder as provided above.  22.3 Indemnification.  Each member of the Board is indemnified and  held harmless by the Corporation against any cost or expense arising out of any act or  omission in connection with this Plan to the extent permitted by applicable law.  This  indemnification is in addition to any rights of indemnification a Board member may have  as director or otherwise.  22.4 Successors and Assigns.  The Plan shall be binding on the  Corporation and its successors and assigns.  Rights and obligations under this Plan may  be assigned by the Corporation to a successor in the business of the Corporation, any  corporation resulting from any amalgamation, reorganization, combination, merger or  arrangement of the Corporation, or any corporation acquiring all or substantially all of the  assets or business of the Corporation.  22.5 Entire Plan.  This Plan constitutes the entire plan with respect to  the subject matter hereof and supersedes all prior plans with respect to the subject matter  hereof.    22.6 Rights of Corporation.  The provisions contained in this Plan and  any rights available hereunder shall not affect in any way the right of the Corporation or  its shareholders or affiliates to take any action, including any change in the Corporation’s  capital structure or its business, or any acquisition, disposition, amalgamation,  combination, merger or consolidation, or the creation or issuance of any bonds,  debentures, shares or other securities of the Corporation or of an affiliate thereof or the  determination of the rights and conditions attaching thereto, or the dissolution or  liquidation of the Corporation or of any of its affiliates or any sale or transfer of all or any  part of their respective assets or businesses, whether or not any such corporate action or  proceeding would have an adverse effect on this Plan or any rights hereunder.  22.7 Market Fluctuations.  No amount will be paid to, or in respect of, a  Participant under this Plan (including any Shares that have not been issued), to  compensate for a downward fluctuation in the price of the Shares, nor will any other form  of benefit be conferred upon, or in respect of, a Participant for such purpose.  The  Corporation and Administrative Agent make no representations or warranties to  Participants with respect to this Plan or the Shares whatsoever. In seeking the benefits of  participation in this Plan, a Participant agrees to exclusively accept all risks associated  

 

  12    with a decline in the market price of the Shares and all other risks associated with the  rights hereunder.  22.8 Compliance With Law.  The obligations of the Corporation under  the Plan are subject to compliance with all applicable laws and regulations.  Shares shall  not be issued with respect to any right granted under the Plan unless the issuance and  delivery of the Shares pursuant thereto shall comply with all applicable laws and the  requirements of any stock exchange upon which the Shares may then be listed.  22.9 Effective Date.  The Plan shall become effective on June 23, 2015  and, unless terminated earlier pursuant to Section 22.10, shall have a term of ten years.    22.10 Amendment or Termination.  Subject to the final sentence of this  Section 22.10, the Board may amend, suspend or terminate the Plan, or any portion  thereof, at any time, subject to those provisions of applicable law (including, without  limitation, the applicable rules, regulations and policies of any stock exchange) that  require the approval of shareholders or any governmental or regulatory body.  The Board  may make amendments to the Plan without seeking shareholder approval, except for any  amendment which:  (a) increases the number of Shares reserved for issuance under the Plan or  changes that number from a fixed number of Shares to a fixed maximum  percentage;  (b) increases or removes the insider participation limits in Section 16;  (c) lowers the Purchase Price payable for Shares under the Plan;  (d) increases the Employer Contribution;  (e) amends the provisions of this Section 22.10;  (f) extends eligibility to participate in the Plan to non-Employees; or  (g) is required to be approved by shareholders under applicable laws,  regulations or stock exchange rules.  Except as expressly set forth in the Plan, no action of the Board may adversely alter or  impair the rights that have accrued to a Participant on or prior to the date of amendment,  suspension or termination without the consent of the affected Participant.  22.11 Governing Law.  This Plan shall be governed by and construed and  interpreted in accordance with the laws of the Province of Ontario and the federal laws of  Canada applicable therein.  

 

  13    22.12 Withholding.  To satisfy any applicable income and/or payroll tax  withholding requirement, the Corporation may withhold (i) a sufficient number of Shares  that would otherwise be delivered to a Participant upon the exercise of a right granted  under this Plan or (ii) such income and/or payroll taxes from other sources of a  Participant’s Compensation. Each Participating Entity is authorized to deduct or withhold  from any amount payable or credited hereunder such taxes and other amounts as it may  be required by applicable law to deduct or withhold and to remit the amounts deducted or  withheld to the applicable governmental authority as required by applicable law. If the  Participating Entity is required under applicable law to deduct or withhold and remit to  the applicable government authority an amount on account of tax in respect of any  amount paid hereunder and there is insufficient cash paid hereunder from which to make  the required deduction or withholding, the Participant shall: (a) pay to the Participating  Entity sufficient cash as is reasonably determined by the Participating Entity to be the  amount necessary to permit the required remittance; (b) authorize Participating Entity, on  behalf of the Participant, to sell in the market on such terms and at such time or times as  the Participating Entity determines, a portion of the Shares issued hereunder to realize  cash proceeds to be used to satisfy the required tax remittance; or (c) make other  arrangements acceptable to the Participating Entity to fund the required tax remittance,  including authorizing additional tax withholding from other sources of compensation.  22.13 Unfunded and Unsecured Plan.  This Plan shall be unfunded and  the Corporation will not secure its obligations under this Plan.  To the extent any  Participant or his or her estate holds any rights under this Plan, such rights shall be no  greater than the rights of an unsecured creditor of the Corporation.  22.14 Non-Exclusivity.  Nothing contained in this Plan prevents the  Board from adopting other or additional compensation arrangements for the benefit of  any Participant, subject to any required regulatory or shareholder approval.  22.15 Other Employee Benefits.  The amount of any compensation  deemed to be received by a Participant as a result of participating in the Plan will not  constitute compensation with respect to which any other employee benefits of that  Participant are determined including, without limitation, benefits under any bonus,  pension, profit-sharing, insurance or salary continuation plan, except as otherwise  specifically determined by the Board in writing.  22.16 Tax Consequences.  It is the responsibility of the Participant to  complete and file any tax returns and pay all taxes that may be required under Canadian,  U.S. or other tax laws within the periods specified in those laws as a result of the  Participant’s participation in the Plan.  No Participating Entity shall be held responsible  for any tax consequences to a Participant as a result of the Participant’s participation in  the Plan.  

 

  14    22.17 Severability. If any provision of the Plan shall for any reason be  held to be invalid or unenforceable, such invalidity or unenforceability shall not affect  any other provision hereof, and the Plan shall be construed as if such invalid or  unenforceable provision were omitted.  22.18 Headings. The headings of sections herein are included solely for  convenience and shall not affect the meaning of any of the provisions of the Plan.     

 

  15    ADDENDUM: SUB-PLAN FOR THE UNITED STATES    BLACKBERRY LIMITED    2015 EMPLOYEE STOCK PURCHASE PLAN      Terms and Conditions for Participants Subject to Taxation in the United States   1. Purpose of Sub Plan.  This Sub Plan (the “Sub Plan”) of the BlackBerry  2015 Employee Stock Purchase Plan (the “Plan”) was established by the Board for the  purpose of granting rights under the Plan, to Participants who are subject to taxation in  the United States, which qualify for the favorable income tax and social tax treatment  under Section 423 of the United States Internal Revenue Code of 1986, as amended (the  “Code”).  The terms and conditions detailed in this Sub Plan are to be read in conjunction  with the Plan.  To the extent that the terms and conditions of this Sub Plan conflict with  the terms and conditions set forth in the Plan, the terms and conditions of this Sub Plan  shall prevail.  2.  Definitions.  In lieu of the definitions provided for the following terms  under the Plan, the following definitions shall apply to any rights granted under the Plan  to any Participant who is subject to taxation in the United States.  “Corporate Transaction” means a merger, consolidation, acquisition of property or  stock, separation, reorganization or other corporate event described in Section 424 of the  Code.  “Employee” means any person who renders services to a Participating Entity as an  employee pursuant to an employment relationship with such employer. For purposes of  the Plan, the employment relationship shall be treated as continuing intact while the  individual is on military leave, sick leave or other leave of absence approved by the  Entity that meet the requirements of United States Treasury Regulation (“Treas. Reg.”)  Section 1.421-1(h)(2).  Where the period of leave exceeds three (3) months, or such other  period of time specified in Treas. Reg. Section 1.421-1(h)(2), and the individual’s right to  re-employment is not guaranteed by statute or contract, the employment relationship shall  be deemed to have terminated on the first day immediately following such three-month  period, or such other period specified in Treas. Reg. Section 1.421-1(h)(2).  “Participating Entity” means the Corporation or any Subsidiary which is designated by  the Board from time to time in its sole discretion.    “Subsidiary” means any corporation, domestic or foreign, of which not less than 50% of  the combined voting power is held by the Corporation or a Subsidiary, whether or not  such corporation exists now or is hereafter organized or acquired by the Corporation or a  Subsidiary.  In all cases, the determination of whether an entity is a Subsidiary shall be  made in accordance with Section 424(f) of the Code.      

 

  #4212315 v1  16    3.  Eligibility.  Unless otherwise determined by the Committee in a manner  that is consistent with Section 423 of the Code, any individual who is an Eligible  Employee as of the first day of the enrollment period designated by the Committee for a  particular Offering Period shall be eligible to participate in such Offering Period, subject  to the requirements of Section 423 of the Code.  Notwithstanding any provision of the  Plan to the contrary, no Eligible Employee shall be granted a right under the Plan if (i)  immediately after the grant of the right, such Eligible Employee (or any other person  whose stock would be attributed to such Eligible Employee pursuant to Section 424(d) of  the Code) would own capital stock of the Corporation or hold outstanding rights to  purchase stock possessing 5% or more of the total combined voting power of value of all  classes of stock of the Corporation or any Subsidiary or (ii) such right would permit his  or her rights to purchase stock under all employee stock purchase plans (described in  Section 423 of the Code) of the Corporation and its Subsidiaries to accrue at a rate that  exceeds $25,000 of the Fair Market Value of such stock (determined at the time the right  is granted) for each calendar year in which such right is outstanding at any time.

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