Document:

Exhibit 10.5

      

      

      

      PAGAYA TECHNOLOGIES LTD. 2022 SHARE INCENTIVE PLAN

    

    

    Section 1.          Purpose of Plan.

    

    

    The name of the Plan is the Pagaya Technologies Ltd. 2022 Share Incentive Plan (the “Plan”). The purposes of the Plan are to provide an additional incentive to selected Officers, Employees,
      Non-Employee Directors and Consultants of the Company or its Affiliates (each, as hereinafter defined) whose contributions are essential to the growth and success of the business of the Company and its Affiliates, in order to strengthen the
      commitment of such persons to the Company and its Affiliates, motivate such persons to faithfully and diligently perform their responsibilities and attract and retain competent and dedicated persons whose efforts will result in the long-term growth
      and profitability of the Company and its Affiliates. To accomplish such purposes, the Plan provides that the Company may grant Options, Share Appreciation Rights, Restricted Share, Restricted Share Units, Share Bonuses, Other Share-Based Awards or
      any combination of the foregoing.

    

    

    Section 2.          Definitions.

    

    

    For purposes of the Plan, the following terms shall be defined as set forth below:

    

    

    (a)          “Administrator” means the Board, or, if and to the extent the Board does not administer the Plan, the Committee in accordance with
        Section 3 hereof.

    

    

    (b)          “Affiliate” means a Person that directly, or indirectly through one or more intermediaries, controls, or is
        controlled by, or is under common control with, the Person specified.

    

    

    (c)          “Articles of Association” means the articles of association of the Company, as may be amended and/or restated from time to time.

    

    

    (d)          “Award” means any Option, Share Appreciation Right, Restricted Share, Restricted Share Unit, Share Bonus or
        Other Share-Based Award under the Plan.

    

    

    (e)          “Award Agreement” means any written agreement, contract or other instrument or document evidencing an Award, including through
        electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent with the Plan. Each Participant who is granted an Award shall enter into an Award Agreement with the Company,
        containing such terms and conditions as the Administrator shall determine, in its sole discretion.

    

    

    	

          	(f)	
            “Base Price” has the meaning set forth in Section 8(b) hereof.

          

    

    

    (g)          “Beneficial Owner” (or any variant thereof) has the meaning defined in Rule 13d- 3 under the Exchange Act.

    

    

    	

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

          

    

    

    (i)          “By-Laws” means the by-laws of the Company, if any, as may be amended and/or restated from time to time.

    
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    (j)          “Cause” has the meaning assigned to such term in the Award Agreement or in any individual employment, service or severance agreement
        with the Participant or, if any such agreement does not define “Cause,” Cause means (i) the commission of an act of fraud or dishonesty by the Participant in the course of the Participant’s employment or service; (ii) the indictment of, or
        conviction of, or entering of a plea of nolo contendere by, the Participant for a crime constituting a felony or in respect of any act of fraud or dishonesty; (iii) the commission of an act by the Participant which would make the Participant or the
        Company (including any of its Subsidiaries or Affiliates) subject to being enjoined, suspended, barred or otherwise disciplined for violation of federal or state securities laws, rules or regulations, including a statutory disqualification; (iv)
        gross negligence or willful misconduct in connection with the Participant’s performance of his or her duties in connection with the Participant’s employment by or service to the Company (including any Subsidiary or Affiliate for whom the
        Participant may be employed by or providing services to at the time) or the Participant’s failure to comply with any of the restrictive covenants to which the Participant is subject; (v) the Participant’s willful failure to comply with any material
        policies or procedures of the Company as in effect from time to time, provided that the Participant shall have been delivered a copy of such policies or notice that they have been posted on a Company website prior to such compliance
        failure; or (vi) the Participant’s failure to perform the material duties in connection with the Participant’s position, unless the Participant remedies the failure referenced in this clause (vi) no later than ten (10) days following delivery to
        the Participant of a written notice from the Company (including any of its Subsidiaries or Affiliates) describing such failure in reasonable detail (provided that the Participant shall not be given more than one opportunity in the aggregate
        to remedy failures described in this clause (vi)).

    

    

    (k)          “Change in Capitalization” means any (i) merger, consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase or
        other reorganization or corporate transaction or event; (ii) special or extraordinary dividend or other extraordinary distribution (whether in the form of cash, Ordinary Share, or other property), share split, reverse share split, subdivision or
        consolidation; (iii) combination or exchange of shares; or (iv) other change in corporate structure, which, in any such case, the Administrator determines, in its sole discretion, affects the Ordinary Share such that an adjustment pursuant to
        Section 5 hereof is appropriate.

    

    

    (l)          “Change in Control” means, unless otherwise defined in an Award Agreement, an event set forth in any one of the following paragraphs
        shall have occurred:

    

    

    (1)          any Person (or any group of Persons acting together which would constitute a “group” for purposes of Section 13(d) of the Exchange Act) is
        or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing fifty percent
        (50%) or more of the combined voting power of the Company’s then outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (I) of paragraph (2) below;

    

    

    (2)          there is consummated a merger or consolidation of the Company or any direct or indirect Subsidiary with any other corporation or other
        entity, other than (I) a merger or consolidation (A) which results in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted
        into voting securities of the surviving entity or any parent thereof), in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary, more than fifty percent
        (50%) of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation and (B) immediately following which the individuals who comprise the Board
        immediately prior thereto constitute at least a majority of the board of directors of the Company, the entity surviving such merger or consolidation or, if the Company or the entity surviving such merger or consolidation is then a subsidiary, the
        ultimate parent thereof, or (II) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company
        (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing fifty percent (50%) or more of the combined voting power of the Company’s then outstanding
        securities;

    
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    (3)          the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement
        for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than (A) a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least fifty percent (50%) of
        the combined voting power of the voting securities of which are owned by shareholders of the Company following the completion of such transaction in substantially the same proportions as their ownership of the Company immediately prior to such sale
        or (B) a sale or disposition of all or substantially all of the Company’s assets immediately following which the individuals who comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the entity to
        which such assets are sold or disposed or, if such entity is a subsidiary, the ultimate parent thereof; or

    

    

    (4)          the following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who, on the
        date hereof, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the
        election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who
        either were directors on the date hereof or whose appointment, election or nomination for election was previously so approved or recommended.

    

    

    Notwithstanding the foregoing, for each Award that constitutes deferred compensation under Section 409A of the Code, and to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the
      Code, a Change in Control shall be deemed to have occurred under the Plan with respect to such Award only if a change in the ownership or effective control of the Company or a change in ownership of a substantial portion of the assets of the Company
      shall also be deemed to have occurred under Section 409A of the Code.

    

    

    (m)          “Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor thereto.

    

    

    (n)          “Committee” means any committee or subcommittee the Board may appoint to administer the Plan. Subject to the discretion of the
        Board and to the provisions of applicable law, the Committee shall be composed entirely of individuals who meet the qualifications of (i) a “non-employee director” within the meaning of Rule 16b-3 and (ii) any other qualifications required by the
        applicable share exchange on which the Ordinary Shares is traded. If at any time or to any extent the Board shall not administer the Plan, then the functions of the Administrator specified in the Plan shall be exercised by the Committee. Except as
        otherwise provided in the Articles of Association or By-Laws, any action of the Committee with respect to the administration of the Plan shall be taken by a majority vote at a meeting at which a quorum is duly constituted or unanimous written
        consent of the Committee’s members.

    

    

    (o)          “Company” means Pagaya Technologies Ltd., an Israeli corporation (or any successor company, except as the term “Company” is used
        in the definition of “Change in Control” above).

    

    

    (p)          “Consultant” means any person, including an advisor, who is (i) engaged by the Company or an Affiliate to render consulting or
        advisory services and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and is compensated for such services. However, service solely as a Non-Employee Director and/or Employee, or payment of a
        fee for such service, shall not cause a Non-Employee Director or Employee to be considered a “Consultant” for purposes of the Plan.

    

    

    (q)          “Disability” has the meaning assigned to such term in the Award Agreement or in any individual employment, service or severance
        agreement with the Participant or, if any such agreement does not define “Disability,” Disability means, with respect to any Participant, that such Participant, as determined by the Administrator in its sole discretion, is (i) unable to engage in
        any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or (ii) by
        reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period
        of not less than three (3) months under an accident and health plan covering employees of the Company or an Affiliate thereof.

    

    

    	

          	(r)	
            “Effective Date” has the meaning set forth in Section 17 hereof.

          

    
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    (s)          “Eligible Recipient” means an officer, Employee, Non-Employee Director, or Consultant who has been selected as an eligible
        participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Share Appreciation Right means an
        officer, Employee, Non-Employee Director or Consultant with respect to whom the Company is an “eligible issuer of service recipient share” within the meaning of Section 409A of the Code.

    

    

    	

          	(t)	
            “Employee” means any person employed by the Company or an Affiliate.

          

    

    

    	

          	(u)	
            “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time.

          

    

    

    (v)          “Exercise Price” means, with respect to any Option, the per share price at which a holder of such Option may purchase Ordinary Share
        issuable upon the exercise of such Option.

    

    

    (w)          “Fair Market Value” of Ordinary Share or another security as of a particular date shall mean the fair market value as determined by
        the Administrator in its sole discretion; provided, however, (i) if the Ordinary Share or other security is admitted to trading on a national securities exchange, the fair market value on any date shall be the closing sale price
        reported on the day prior to such date, or if no shares were traded on such date, on the last preceding date for which there was a sale of an Ordinary Share or other security on such exchange, or (ii) if the Ordinary Share or other security is then
        traded in an over-the-counter market, the fair market value on any date shall be the average of the closing bid and asked prices for such Ordinary Share or other security in such over-the-counter market for the last preceding date on which there
        was a sale of such Ordinary Share or other security in such market.

    

    

    	

          	(x)	
            “Free Standing Right” has the meaning set forth in Section 8(a) hereof.

          

    

    

    (y)          “Good Reason” has the meaning assigned to such term in the Award Agreement or in any individual employment, service or severance
        agreement with the Participant; provided that if no such agreement exists or if such agreement does not define “Good Reason,” Good Reason and any provision of the Plan that refers to Good Reason shall not be applicable to such Participant.

    

    

    (z)          “ISO” means an Option intended to be and designated as an “incentive stock option” within the meaning of Section 422 of the Code.

    

    

    (aa)          “Non-Employee Directors” means a member of a Board who either (i) is not a current employee or officer of the Company or an
        Affiliate, does not receive compensation, either directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a member of a Board (except for an amount as to which disclosure would
        not be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which disclosure would be required under Item 404(a) of Regulation
        S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3.

    

    

    (bb)          “Nonqualified Stock Option” means an Option that is not designated as an ISO.

     

      

    (cc)          “Option” means an option to purchase Ordinary Share granted pursuant to Section 7 hereof. The term “Option” as used in the Plan includes the terms “Nonqualified
      Stock Option” and “ISO.”

    

    

    (dd)          “Ordinary Share” means an ordinary share, without par value per share, of the Company.

    

    

    (ee)          “Other Share-Based Award” means an Award granted pursuant to Section 10 hereof.

    

    

    (ff)          “Participant” means any Eligible Recipient selected by the Administrator, pursuant to the Administrator’s authority provided for in
        Section 3 hereof, to receive grants of Awards, and, upon his or her death, his or her successors, heirs, executors and administrators, as the case may be.

    
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    (gg)          “Performance Goals” means performance goals based on criteria selected by the Administrator in its sole discretion, including,
        without limitation, one or more of the following criteria: (i) earnings, including one or more of operating income, net operating income, earnings before or after taxes, earnings before or after interest, depreciation, amortization, adjusted
        EBITDA, economic earnings, or extraordinary or special items or book value per share (which may exclude nonrecurring items); (ii) pre-tax income or after-tax income; (iii) earnings per share (basic or diluted); (iv) operating profit; (v) revenue,
        revenue growth or rate of revenue growth; (vi) return on assets (gross or net), return on investment, return on capital, or return on equity; (vii) returns on sales or
        revenues; (viii) operating expenses; (ix) share price appreciation; (x) cash flow, free cash flow, cash flow return on investment (discounted or otherwise), net cash provided by operations, or cash flow in excess of cost of capital; (xi)
        implementation or completion of critical projects or processes; (xii) cumulative earnings per share growth; (xiii) operating margin or profit margin; (xiv) share price or total shareholder return; (xv) cost targets, reductions and savings,
        productivity and efficiencies; (xvi) strategic business criteria, consisting of one or more objectives based on meeting specified market penetration, geographic business expansion, customer satisfaction, employee satisfaction, human resources
        management, supervision of litigation and information technology goals, and goals relating to acquisitions, divestitures, joint ventures and similar transactions, and budget comparisons; (xvii) personal professional objectives, including any of the
        foregoing performance goals, the implementation of policies and plans, the negotiation of transactions, the development of long-term business goals, formation of joint ventures, research or development collaborations, and the completion of other
        corporate transactions; and (xviii) any combination of, or a specified increase in, any of the foregoing. Where applicable, the Performance Goals may be expressed in terms of attaining a specified level of the particular criteria or the attainment
        of a percentage increase or decrease in the particular criteria, and may be applied to one or more of the Company or any Affiliate thereof, or a division or strategic business unit of the Company or any Affiliate thereof, or may be applied to the
        performance of the Company relative to a market index, a group of other companies or a combination thereof, all as determined by the Administrator. The Performance Goals may include a threshold level of performance below which no payment shall be
        made (or no vesting shall occur), levels of performance at which specified payments shall be made (or specified vesting shall occur), and a maximum level of performance above which no additional payment shall be made (or at which full vesting shall
        occur). The Administrator shall have the authority to make equitable adjustments to the Performance Goals as may be determined by the Administrator, in its sole discretion.

    

    

    (hh)          “Person” has the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof.

    

    

    (ii)          “Plan” has the meaning set forth in Section 1 hereof.

    

    

    (jj)          “Related Right” has the meaning set forth in Section 8(a) hereof.

    

    

    (kk)          “Restricted Share” means Shares granted pursuant to Section 9 hereof subject to certain restrictions that
        lapse at the end of a specified period or periods.

    

    

    (ll)          “Restricted Share Unit” means the right, granted pursuant to Section 9 hereof, to receive Shares equal to
        the Fair Market Value of a Share subject to certain restrictions that lapse at the end of a specified period or periods.

    

    

    (mm)          “Rule 16b-3” has the meaning set forth in Section 3(a) hereof.

    

    

    (nn)          “Share Appreciation Right” means the right to receive, upon exercise of the right, the applicable amounts as
        described in Section 8 hereof.

    

    

    (oo)          “Share Bonus” means a bonus payable in fully vested Ordinary Shares granted pursuant to Section 11 hereof.

    

    

    (pp)          “Shares” means Ordinary Shares reserved for issuance under the Plan, as adjusted pursuant to the Plan, and any successor
        (pursuant to a merger, consolidation or other reorganization) security.

    
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    (qq)          “Subsidiary” means, with respect to any Person, as of any date of determination, any other Person as to
        which such first Person owns or otherwise controls, directly or indirectly, more than 50% of the voting shares or other similar interests or a sole general partner interest or managing member or similar interest of such other Person.

    

    

    (rr)          “Transfer” has the meaning set forth in Section 15 hereof.

    

    

    Section 3.          Administration.

    

    

    (a)          The Plan shall be administered by the Administrator and shall be administered in accordance with the requirements of applicable law and Rule
        16b-3 under the Exchange Act (“Rule 16b-3”), to the extent applicable.

    

    

    (b)          Pursuant to the terms of the Plan and subject to the conditions and requirements under applicable law, the Administrator, subject, in the
        case of any Committee, to any restrictions on the authority delegated to it by the Board, shall have the power and authority, without limitation:

    

    

    	

          	(1)	
            to select those Eligible Recipients who shall be Participants;

          

    

    

    	

          	(2)	
            to determine whether and to what extent Awards are to be granted hereunder to Participants;

          

    

    

    	

          	(3)	
            to determine the number of Shares to be covered by each Award granted hereunder;

          

    

    

    (4)          to determine the terms and conditions, not inconsistent with the terms of the Plan, of each Award granted hereunder (including, but not
        limited to, (i) the restrictions applicable to Restricted Share or Restricted Share Units and the conditions under which restrictions applicable to such Restricted Share or Restricted Share Units shall lapse, (ii) the Performance Goals and periods
        applicable to Awards, (iii) the Exercise Price of each Option and the Base Price of each Share Appreciation Right, (iv) the vesting schedule applicable to each Award, (v) the number of Shares or amount of cash or other property subject to each
        Award and (vi) subject to the requirements of Section 409A of the Code (to the extent applicable), any amendments to the terms and conditions of outstanding Awards, including, but not limited to, extending the exercise period of such Awards and
        accelerating the vesting schedule of such Awards);

    

    

    (5)          to determine the terms and conditions, not inconsistent with the terms of the Plan, which shall govern all written instruments evidencing
        Awards;

    

    

    (6)          to determine the Fair Market Value in accordance with the terms of the Plan;

    

    

    (7)          to determine the duration and purpose of leaves of absence which may be granted to a Participant without constituting termination of the
        Participant’s employment or service for purposes of Awards granted under the Plan;

    

    

    (8)          to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall from time to time deem
        advisable;

    

    

    (9)          to prescribe, amend and rescind rules and regulations relating to sub- plans established for the purpose of satisfying applicable foreign
        laws or qualifying for favorable tax treatment under applicable foreign laws, which rules and regulations may be set forth in an appendix or appendices to the Plan; and

    

    

    (10)          to construe and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement relating
        thereto), and to otherwise supervise the administration of the Plan and to exercise all powers and authorities either specifically granted under the Plan or necessary and advisable in the administration of the Plan.

    
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    (c)          All decisions made by the Administrator pursuant to the provisions of the Plan shall be final, conclusive and binding on all Persons,
        including the Company and the Participants. No member of the Board or the Committee, nor any officer or employee of the Company or any Subsidiary thereof acting on behalf of the Board or the Committee, shall be personally liable for any action,
        omission, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Committee and each and any officer or employee of the Company and of any Subsidiary thereof acting on their behalf
        shall, to the maximum extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, omission, determination or interpretation.

    

    

    (d)          The Administrator may, in its sole discretion, delegate its authority, in whole or in part, under this Section 3 (including, but not limited
        to, its authority to grant Awards under the Plan, other than its authority to grant Awards under the Plan to any Participant who is subject to reporting under Section 16 of the Exchange Act) to one or more
        officers of the Company, subject to the requirements of applicable law or any stock exchange on which the Shares are traded.

    

    

    Section 4.          Shares Reserved for Issuance; Certain Limitations

    

    

    (a)          The number of Ordinary Shares reserved for issuance under the Plan shall be 116,468,000 authorized but unissued shares (the “Share Reserve”) (subject to adjustment
      as provided Section 5); provided, however the Share Reserve will automatically increase on January 1st of each calendar year (each, an “Evergreen Date”),

      prior to the tenth (10th) anniversary of the Effective Date, in an amount equal to the lesser of (i) five (5) % of the total number of Ordinary Shares outstanding on
      December 31st of the calendar year immediately preceding the applicable Evergreen Date and (ii) a number of Ordinary Shares determined by the Board. No more than
      116,468,000 Ordinary Shares reserved for issuance under the Plan pursuant to this Section 4(a) (subject to adjustment as provided in Section 5 hereof) may be granted under the Plan as ISOs.

    

    

    (b)          Shares issued under the Plan may, in whole or in part, be authorized but unissued Shares or Shares that shall have been or may be reacquired
        by the Company in the open market, in private transactions or otherwise. If any Shares subject to an Award are forfeited, cancelled, exchanged or surrendered or if an Award otherwise terminates or expires without a distribution of Shares to the
        Participant, the Shares with respect to such Award shall, to the extent of any such forfeiture, cancellation, exchange, surrender, termination or expiration, again be available for Awards under the Plan. Notwithstanding the foregoing, Shares that
        are exchanged by a Participant or withheld by the Company as full or partial payment in connection with the exercise of any Option or Share Appreciation Right under the Plan or the payment of any purchase price with respect to any other Award under
        the Plan, as well as any Shares exchanged by a Participant or withheld by the Company or any Subsidiary to satisfy the tax withholding obligations related to any Award under the Plan, shall not be available for subsequent Awards under the Plan, and
        notwithstanding that a Share Appreciation Right is settled by the delivery of a net number of Ordinary Shares, the full number of Ordinary Shares underlying such Share Appreciation Right shall not be available for subsequent Awards under the Plan.
        In addition, (i) to the extent an Award is denominated in Ordinary Shares, but paid or settled in cash, the number of Ordinary Shares with respect to which such payment or settlement is made shall again be available for grants of Awards pursuant to
        the Plan and (ii) Ordinary Shares underlying Awards that can only be settled in cash shall not be counted against the aggregate number of Ordinary Shares available for Awards under the Plan.

    
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    Section 5.          Equitable Adjustments; Change in Control.

    

    

    (a)          In the event of any Change in Capitalization (including a Change in Control), an equitable substitution or proportionate adjustment shall
        be made, in each case, as may be determined by the Administrator, in its sole discretion, in (i) the aggregate number of Ordinary Shares reserved for issuance under the Plan, (ii) the kind and number of securities subject to, and the Exercise Price
        or Base Price of, any outstanding Options and Share Appreciation Rights granted under the Plan, (iii) the kind, number and purchase price of Ordinary Shares, or the amount of cash or amount or type of other property, subject to outstanding
        Restricted Share, Restricted Share Units, Share Bonuses and Other Share-Based Awards granted under the Plan or (iv) the Performance Goals and performance periods applicable to any Awards granted under the Plan; provided, however,
        that any fractional shares resulting from the adjustment shall be eliminated. Such other equitable substitutions or adjustments shall be made as may be determined by the Administrator, in its sole discretion.

    

    

    (b)          Without limiting the generality of the foregoing, in connection with a Change in Capitalization (including a Change in Control), the
        Administrator may provide, in its sole discretion, but subject in all events to the requirements of Section 409A of the Code as may be applicable, for the cancellation of any outstanding Award in exchange for payment in cash or other property
        having an aggregate Fair Market Value equal to the Fair Market Value of the Ordinary Shares, cash or other property covered by such Award, reduced by the aggregate Exercise Price or Base Price thereof, if any; provided, however,
        that if the Exercise Price or Base Price of any outstanding Award is equal to or greater than the Fair Market Value of the Ordinary Shares, cash or other property covered by such Award, the Administrator may cancel such Award without the payment of
        any consideration to the Participant.

    

    

    (c)          In connection with a Change in Control, the Administrator may provide or may set forth in an Award Agreement, in its sole discretion, that
        any outstanding Award shall become vested and exercisable in full or in part and any restrictions thereupon shall lapse, including in connection with a Participant’s termination of service with the Company and its Subsidiaries following a Change in
        Control; provided that the Administrator may determine to treat outstanding Awards differently and shall not be obligated to treat all Awards in the same manner.

    

    

    (d)          The determinations made by the Administrator or the Board, as applicable, pursuant to this Section 5 shall be final, binding and conclusive.

    

    

    Section 6.          Eligibility.

    

    

    The Participants under the Plan shall be selected from time to time by the Administrator, in its sole discretion, from those individuals that qualify as Eligible Recipients.

    

    

    Section 7.          Options.

    

    

    (a)          General. Each Participant who is granted an Option shall enter into an Award Agreement with the Company, containing such terms and
        conditions as the Administrator shall determine, in its sole discretion, which Award Agreement shall set forth, among other things, the Exercise Price of the Option, the term of the Option and provisions regarding exercisability of the Option, and
        whether the Option is intended to be an ISO or a Nonqualified Stock Option (and in the event the Award Agreement has no such designation, the Option shall be a Nonqualified Stock Option). The provisions of each Option need not be the same with
        respect to each Participant. More than one Option may be granted to the same Participant and be outstanding concurrently hereunder. Options granted under the Plan shall be subject to the terms and conditions set forth in this Section 7 and shall
        contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and set forth in the applicable Award Agreement.

    

    

    (b)          Exercise Price. The Exercise Price of Shares purchasable under an Option shall be determined by the Administrator in its sole
        discretion at the time of grant, but, except as provided in the applicable Award Agreement, in no event shall the exercise price of an Option which is intended to be an ISO or a Nonqualified Stock Option be less than one hundred percent (100%) of
        the Fair Market Value of the related Ordinary Shares on the date of grant.

    
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    (c)          Option Term. The maximum term of each Option shall be fixed by the Administrator, but no Option shall be exercisable more than ten
        (10) years after the date such Option is granted. Each Option’s term is subject to earlier expiration pursuant to the applicable provisions in the Plan and the Award Agreement.

    

    

    (d)          Exercisability. Each Option shall be exercisable at such time or times and subject to such terms and conditions, including the
        attainment of Performance Goals, as shall be determined by the Administrator in the applicable Award Agreement. The Administrator may also provide that any Option shall be exercisable only in installments, and the Administrator may waive such
        installment exercise provisions at any time, in whole or in part, based on such factors as the Administrator may determine in its sole discretion. Notwithstanding anything to the contrary contained herein, an Option may not be exercised for a
        fraction of a share.

    

    

    (e)          Method of Exercise. Options may be exercised in whole or in part by giving written notice of exercise to the Company specifying
        the number of whole Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased in cash or its equivalent, as determined by the Administrator. Subject to compliance with applicable law, and
        subject to the Administrator’s ability in its sole discretion to limit the following, the Company may accept payment with respect to any Option or category of Options, in whole or in part (i) by means of consideration received under any cashless
        exercise procedure approved by the Administrator (including the withholding of Shares otherwise issuable upon exercise, referred to as “net exercise,” with a Fair Market Value up to or equal to (but not exceeding) the applicable aggregate Exercise
        Price with the remainder paid in cash or other form of payment permitted by the Award Agreement), (ii) in the form of unrestricted Shares already owned by the Participant which have a Fair Market Value on the date of surrender equal to the
        aggregate exercise price of the Shares as to which such Option shall be exercised, (iii) in any other form of consideration approved by the Administrator and permitted by applicable law or (iv) by any combination of the foregoing.

    

    

    (f)          ISOs. The terms and conditions of ISOs granted hereunder shall be subject to the provisions of Section 422 of the Code and the
        terms, conditions, limitations and administrative procedures established by the Administrator from time to time in accordance with the Plan. At the discretion of the Administrator, ISOs may be granted only to an employee of the Company, its “parent
        corporation” (as such term is defined in Section 424(e) of the Code) or a Subsidiary of the Company.

    

    

    (i)          ISO Grants to 10% Shareholders. Notwithstanding anything to the contrary in the Plan, if an ISO is granted to a Participant who owns
        shares representing more than ten percent (10%) of the voting power of all classes of shares of the Company, its “parent corporation” (as such term is defined in Section 424(e) of the Code) or a Subsidiary of
        the Company, the term of the ISO shall not exceed five (5) years from the time of grant of such ISO and the Exercise Price shall be at least one hundred and ten percent (110%) of the Fair Market Value of the Shares on the date of grant.

    

    

    (ii)          $100,000 Per Year Limitation For ISOs. To the extent the aggregate Fair Market Value (determined on the date of grant) of the Shares
        for which ISOs are exercisable for the first time by any Participant during any calendar year (under all plans of the Company) exceeds $100,000, such excess ISOs shall be treated as Nonqualified Stock Options.

    

    

    (iii)          Disqualifying Dispositions. Each Participant awarded an ISO under the Plan shall notify the Company in writing immediately after
        the date the Participant makes a “disqualifying disposition” of any Share acquired pursuant to the exercise of such ISO. A “disqualifying disposition” is any disposition (including any sale) of such Shares before the later of (i) two years after
        the date of grant of the ISO and (ii) one year after the date the Participant acquired the Shares by exercising the ISO. The Company may, if determined by the Administrator and in accordance with procedures established by it, retain possession of
        any Shares acquired pursuant to the exercise of an ISO as agent for the applicable Participant until the end of the period described in the preceding sentence, subject to complying with any instructions from such Participant as to the sale of such
        Shares.

    

    

    (g)          Rights as Shareholder. Except as provided in the applicable Award Agreement, a Participant shall have no rights to dividends,
        dividend equivalents or distributions or any other rights of a shareholder with respect to the Shares subject to an Option until the Participant has given written notice of the exercise thereof, has paid in full for such Shares and has satisfied
        the requirements of Section 14 hereof.

    
      9

      
        

    

    

    

    (h)          Termination of Employment or Service. In the event of the termination of employment or service with the Company and all Affiliates
        thereof of a Participant who has been granted one or more Options, such vested Options shall be exercisable at such time or times and subject to such terms and conditions as set forth in the Award Agreement; provided, however, that the
        Administrator is entitled, at any time and its sole and absolute discretion, to extend the period during which a Participant shall be entitled to exercise their vested Options.

    

    

    (i)          Other Change in Employment or Service Status. An Option shall be affected, both with regard to vesting schedule and termination, by
        leaves of absence, including unpaid and un- protected leaves of absence, changes from full-time to part-time employment, partial Disability or other changes in the employment status or service status of a Participant. Such aforementioned
        determinations of employment status or service status, as applicable, shall be made, subject to compliance with applicable law, in the sole discretion of the Administrator.  In the event of the death of a Participant who has been granted one or
        more Options, such Options shall be assigned the vesting schedule as set forth in the Award Agreement. In the absence of a specified provision in the Award Agreement pertaining to accelerated vesting upon a Participant’s death, the vesting of such
        Options shall be accelerated for a period equivalent to twelve (12) months following any Participant’s death. Any portion of the Options that would not have vested in the twelve (12) months following a Participant’s death shall remain unvested and
        automatically revert to the Plan and shall not be exercisable.

    

    

    (j)          In the absence of a specified period in the Award Agreement and unless the Administrator determines otherwise at any time, such vested
        Options shall remain exercisable following a Participant’s termination of employment or service for a period determined based on the Participant’s tenure at the Company, as follows: (i) one (1) year for any Participant whose employment is
        terminated (x) by the Company other than for Cause, (y) due to the Participant’s death or Disability or (z) by the Participant with Good Reason and whose termination occurs two (2) years or more after the commencement of that Participant’s
        employment or service (but, in each case, in no event later than the Expiration Date of such Options) and (ii) ninety (90) days for any Participant whose termination occurs in any other circumstance. If, after termination of engagement with the
        Company, the Participant does not exercise the vested portion of their Options within the prescribed period, such Options shall terminate, and the Shares covered by such Options shall automatically revert to the Plan. If, on the date of
        termination, the Participant is not vested as to all of their Options, the Shares covered by the unvested portion of the Options shall automatically revert to the Plan and shall not be exercisable. For the avoidance of doubt, the Options granted
        hereunder shall not continue to vest following the termination of employment or service. Notwithstanding anything in the foregoing to the contrary, in the event the Participant's termination of employment or service is for Cause, all
      Options held by such Participant, whether or not vested, shall immediately be forfeited as of the date of termination.

    

    

    Section 8.          Share Appreciation Rights.

    

    

    (a)          General. Share Appreciation Rights may be granted either alone (“Free Standing Rights”) or in conjunction with all or
        part of any Option granted under the Plan (“Related Rights”). Related Rights may be granted either at or after the time of the grant of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time or
        times at which, grants of Share Appreciation Rights shall be made, the number of Shares to be awarded, the Base Price, and all other conditions of Share Appreciation Rights. Notwithstanding the foregoing, no
        Related Right may be granted for more Shares than are subject to the Option to which it relates. The provisions of Share Appreciation Rights need not be the same with respect to each Participant. Share Appreciation Rights granted under the Plan
        shall be subject to the following terms and conditions set forth in this Section 8 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable, as set forth in the
        applicable Award Agreement.

    

    

    (b)          Base Price. Except as provided in the applicable Award Agreement, each Share Appreciation Right shall be granted with a base price
        that is not less than one hundred percent (100%) of the Fair Market Value of the related Ordinary Shares on the date of grant (such amount, the “Base Price”).

    

    

    (c)          Rights as Shareholder. Except as provided in the applicable Award Agreement, a Participant shall have no rights to dividends,
        dividend equivalents or distributions or any other rights of a shareholder with respect to the Shares, if any, subject to a Share Appreciation Right until the Participant has given written notice of the exercise thereof and has satisfied the
        requirements of Section 14 hereof.

    
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          	(d)	
            Exercisability.

          

    

    

    (1)          Share Appreciation Rights that are Free Standing Rights shall be exercisable at such time or times and subject to such terms and conditions
        as shall be determined by the Administrator in the applicable Award Agreement.

    

    

    (2)          Share Appreciation Rights that are Related Rights shall be exercisable only at such time or times and to the extent that the Options to
        which they relate shall be exercisable in accordance with the provisions of Section 7 hereof and this Section 8.

    

    

    	

          	(e)	
            Consideration Upon Exercise.

          

    

    

    (1)          Upon the exercise of a Free Standing Right, the Participant shall be entitled to receive up to, but not more than, that number of Shares
        equal in value to (i) the excess of the Fair Market Value of an Ordinary Share as of the date of exercise over the Base Price per share specified in the Free Standing Right, multiplied by (ii) the number of Shares in respect of which the Free
        Standing Right is being exercised.

    

    

    (2)          A Related Right may be exercised by a Participant by surrendering the applicable portion of the related Option. Upon such exercise and
        surrender, the Participant shall be entitled to receive up to, but not more than, that number of Shares equal in value to (i) the excess of the Fair Market Value of an Ordinary Share as of the date of exercise over the Exercise Price specified in
        the related Option, multiplied by (ii) the number of Shares in respect of which the Related Right is being exercised. Options which have been so surrendered, in whole or in part, shall no longer be exercisable to the extent the Related Rights have
        been so exercised.

    

    

    (3)          Notwithstanding the foregoing, the Administrator may determine to settle the exercise of a Share Appreciation Right in cash (or in any
        combination of Shares and cash), to the extent set forth in the Award Agreement.

    

    

    	

          	(f)	
            Termination of Employment or Service.

          

    

    

    (1)          In the event of the termination of employment or service with the Company and all Affiliates thereof of a Participant who has been granted
        one or more Free Standing Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as set forth in the Award Agreement.

    

    

    (2)          In the event of the termination of employment or service with the Company and all Affiliates thereof of a Participant who has been granted
        one or more Related Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as set forth in the related Options.

    

    

    	

          	(g)	
            Term.

          

    

    

    (1)          The term of each Free Standing Right shall be fixed by the Administrator, but no Free Standing Right shall be
        exercisable more than ten (10) years after the date such right is granted.

    

    

    (2)          The term of each Related Right shall be the term of the Option to which it relates, but no Related Right shall be exercisable more than ten
        (10) years after the date such right is granted.

    

    

    (h)          Other Change in Employment or Service Status. Share Appreciation Rights shall be affected, both with regard to vesting schedule and
        termination, by leaves of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability or other changes in the employment status or service status of a Participant, in the
        discretion of the Administrator.

    
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    Section 9.          Restricted Share and Restricted Share Units.

    

    

    (a)          General. Restricted Share and Restricted Share Units may be issued under the Plan. The Administrator shall determine the Eligible
        Recipients to whom, and the time or times at which, Restricted Share or Restricted Share Units shall be made; the number of Shares to be awarded; the price, if any, to be paid by the Participant for the acquisition of Restricted Share or Restricted
        Share Units; the period of time prior to which Restricted Share or Restricted Share Units become vested and free of restrictions on Transfer (the “Restricted Period”); the Performance Goals (if any); and all other conditions of the
        Restricted Share and Restricted Share Units. If the restrictions, Performance Goals and/or conditions established by the Administrator are not attained, a Participant shall forfeit his or her Restricted Share or Restricted Share Units, in
        accordance with the terms of the grant. The provisions of Restricted Share or Restricted Share Units need not be the same with respect to each Participant.

    

    

    	

          	(b)	
            Awards and Certificates.

          

    

    

    (1)          Except as otherwise provided in Section 9(b)(3) hereof, (i) each Participant who is granted an Award of Restricted Share may, in the
        Company’s sole discretion, be issued a Share certificate in respect of such Restricted Share; and (ii) any such certificate so issued shall be registered in the name of the Participant, and shall bear an appropriate legend referring to the terms,
        conditions, and restrictions applicable to any such Award. The Company may require that the Share certificates, if any, evidencing Restricted Share granted hereunder be held in the custody of the Company until the restrictions thereon shall have
        lapsed, and that, as a condition of any award of Restricted Share, the Participant shall have delivered a Share transfer form, endorsed in blank, relating to the Shares covered by such award. Certificates for shares of unrestricted Ordinary Shares
        may, in the Company’s sole discretion, be delivered to the Participant only after the Restricted Period has expired without forfeiture in respect of such Restricted Share.

    

    

    (2)          With respect to an Award of Restricted Share Units to be settled in Shares, at the expiration of the Restricted Period, share certificates
        in respect of the Ordinary Shares underlying such Restricted Share Units may, in the Company’s sole discretion, be delivered to the Participant, or his or her legal representative, in a number equal to the number of Ordinary Shares underlying the
        Award of Restricted Share Units.

    

    

    (3)          Notwithstanding anything in the Plan to the contrary, any Restricted Share or Restricted Share Units to be settled in Shares (at the
        expiration of the Restricted Period) may, in the Company’s sole discretion, be issued in uncertificated form.

    

    

    (4)          Further, notwithstanding anything in the Plan to the contrary, with respect to Restricted Share Units, at the expiration of the Restricted
        Period, Shares (either in certificated or uncertificated form) or cash, as applicable, shall promptly be issued to the Participant, unless otherwise deferred in accordance with procedures established by the Company in accordance with Section 409A
        of the Code, and such issuance or payment shall in any event be made no later than March 15th of the calendar year following the year of vesting or within such other period as is required to avoid accelerated taxation and/or tax penalties under
        Section 409A of the Code.

    
      12

      
        

    

    

    

    (c)          Restrictions and Conditions. The Restricted Share and Restricted Share Units granted pursuant to this Section 9 shall be subject to
        the following restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant or, subject to Section 409A of the Code where applicable, thereafter:

    

    

    (1)          The Award Agreement may provide for the lapse of restrictions in installments and may accelerate or waive such restrictions in whole or
        in part based on such factors and such circumstances as set forth in the Award Agreement, including, but not limited to, the attainment of certain performance related goals, the Participant’s termination of employment or service with the Company or
        any Affiliate thereof, or the Participant’s death or Disability.

    

    

    (2)          Except as provided in the applicable Award Agreement, the Participant shall generally have the rights of a shareholder of the Company
        with respect to shares of Restricted Share during the Restricted Period, including the right to vote such shares and to receive any dividends declared with respect to such shares; provided, however, that except as provided in the
        applicable Award Agreement, any dividends declared during the Restricted Period with respect to such shares shall only become payable if (and to the extent) the underlying Restricted Shares vest. Except as provided in the applicable Award
        Agreement, the Participant shall generally not have the rights of a shareholder with respect to Ordinary Shares subject to Restricted Share Units during the Restricted Period; provided, however, that, subject to Section 409A of the
        Code, an amount equal to any dividends declared during the Restricted Period with respect to the number of Ordinary Shares covered by Restricted Share Units may, to the extent set forth in an Award Agreement, be provided to the Participant at the
        time (and to the extent) that Ordinary Shares in respect of the related Restricted Share Units are delivered to the Participant.

    

    

    (d)          Termination of Employment or Service. The rights of Participants granted Restricted Share or Restricted Share Units upon termination
        of employment or service with the Company and all Affiliates thereof for any reason during the Restricted Period shall be set forth in the Award Agreement.

    

    

    (e)          Other Change in Employment or Service Status. The vesting of a Restricted Share or Restricted Share Unit may be suspended and/or an
        award may be terminated due to leaves of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment, partial Disability or other changes in the employment status or service status of a Participant,
        in the discretion of the Administrator.  In the event of the death of a Participant who has been granted one or more Restricted Shares or Restricted Share Units, such Restricted Shares or Restricted Share Units shall be governed by the terms of the
        Award Agreement.  In the absence of a specified provision in the Award Agreement pertaining to accelerated vesting upon a Participant’s death, the vesting of a portion of such Restricted Shares or Restricted Share Units that would have vested
        during the twelve (12) months following such Participant’s death shall accelerate as of such Participant's death. Any portion of the Restricted Shares or Restricted Share Units that would not have vested in the twelve (12) months following a
        Participant’s death shall remain unvested and automatically forfeit without consideration upon the Participant's death.

    

    

    (f)          Form of Settlement. The Administrator reserves the right in its sole discretion to provide (either at or after the grant thereof)
        that any Restricted Share Unit represents the right to receive the amount of cash per unit that is determined by the Administrator in connection with the Award, to the extent set forth in the Award Agreement.

    

    

    Section 10. Other Share-Based Awards.

    

    

    Other forms of Awards valued in whole or in part by reference to, or otherwise based on, Ordinary Shares, including but not limited to dividend equivalents, may be granted either alone or in addition to
      other Awards (other than in connection with Options or Share Appreciation Rights) under the Plan. Any dividend or dividend equivalent awarded hereunder shall be subject to the same restrictions, conditions and risks of forfeiture as the underlying
      Awards and shall only become payable if (and to the extent) the underlying Awards vest. Subject to the provisions of the Plan, the Administrator shall have sole and complete authority to determine the individuals to whom and the time or times at
      which such Other Share-Based Awards shall be granted, the number of Ordinary Shares to be granted pursuant to such Other Share-Based Awards, or the manner in which such Other Share-Based Awards shall be settled (e.g., in Ordinary Shares, cash or
      other property), or the conditions to the vesting and/or payment or settlement of such Other Share-Based Awards (which may include, but not be limited to, achievement of performance criteria) and all other terms and conditions of such Other
      Share-Based Awards.

    
      13

      
        

    

    

    

    Section 11. Share Bonuses.

    

    

    In the event that the Administrator grants a Share Bonus, the Shares constituting such Share Bonus shall, as determined by the Administrator, be evidenced in uncertificated form or by a book entry record
      or a certificate issued in the name of the Participant to whom such grant was made and delivered to such Participant as soon as practicable after the date on which such Share Bonus is payable.

    

    

    Section 12. Amendment and Termination.

    

    

    The Board may amend, alter or terminate the Plan, but no amendment, alteration, or termination shall be made that would adversely affect the rights of a Participant under any Award
        theretofore granted without such Participant’s consent. Unless the Board determines otherwise, the Board shall obtain approval of the Company’s shareholders for any amendment to the Plan that would require such
        approval in order to satisfy any rules of the stock exchange on which the Ordinary Share is traded or other applicable law. The Administrator may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to
        Section 5 hereof and the immediately preceding sentence, no such amendment shall adversely affect the rights of any Participant without his or her consent.

    

    

    Section 13. Unfunded Status of Plan.

    

    

    The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such
      Participant any rights that are greater than those of a general creditor of the Company.

    

    

    Section 14. Withholding Taxes.

    

    

    Each Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of such Participant for purposes of applicable taxes, pay to the Company, or
      make arrangements satisfactory to the Company regarding payment of, an amount in respect of such taxes up to the maximum statutory rates in the Participant’s applicable jurisdiction with respect to the Award, as determined by the Company. The
      obligations of the Company under the Plan shall be conditional on the making of such payments or arrangements, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due
      to such Participant. Whenever cash is to be paid pursuant to an Award, the Company shall have the right to deduct therefrom an amount sufficient to satisfy any applicable withholding tax requirements related thereto as determined by the Company.
      Whenever Shares or property other than cash are to be delivered pursuant to an Award, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy any related taxes to be withheld and
      applied to the tax obligations as determined by the Company; provided that, with the approval of the Administrator, a Participant may satisfy the foregoing requirement by either (i) electing to have the Company withhold from such delivery
      Shares or other property, as applicable, or (ii) by delivering already owned unrestricted Ordinary Shares, in each case, having a value not exceeding the applicable taxes to be withheld and applied to the tax obligations as determined by the Company.
      Such already owned and unrestricted Ordinary Shares shall be valued at their Fair Market Value on the date on which the amount of tax to be withheld is determined and any fractional share amounts resulting therefrom shall be settled in cash. Such an
      election may be made with respect to all or any portion of the Shares to be delivered pursuant to an award. The Company may also use any other method of obtaining the necessary payment or proceeds, as permitted by law, to satisfy its withholding
      obligation with respect to any Award as determined by the Company.

    
      14

      
        

    

    

    

    Section 15. Transfer of Awards.

    

    

    Until such time as the Awards are fully vested and/or exercisable in accordance with the Plan or an Award Agreement, no purported sale, assignment, mortgage, hypothecation, transfer, charge,
        pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to do any of the foregoing
        (each, a “Transfer”) by any holder thereof in violation of the provisions of the Plan or an Award Agreement will be valid, except with the prior written consent of the Administrator, which consent may be granted or withheld in the sole
        discretion of the Administrator or except for estate planning purposes, subject to the Participant’s and/or the transferee’s execution of any additional documentation reasonably required by the Company. Any purported Transfer of an Award or any
        economic benefit or interest therein in violation of the Plan or an Award Agreement shall be null and void ab initio, and shall not create any obligation or liability of the Company, and any Person purportedly acquiring any Award or any economic
        benefit or interest therein transferred in violation of the Plan or an Award Agreement shall not be entitled to be recognized as a holder of any Ordinary Share or other property underlying such Award. Unless otherwise determined by the
        Administrator in accordance with the provisions of the immediately preceding sentence, an Option or Share Appreciation Right may be exercised, during the lifetime of the Participant, only by the Participant or, during any period during which the
        Participant is under a legal disability, by the Participant’s guardian or legal representative.

    

    

    Section 16. Continued Employment or Service.

    

    

    Neither the adoption of the Plan nor the grant of an Award hereunder shall confer upon any Eligible Recipient any right to continued employment or service with the Company or any Affiliate thereof, as the
      case may be, nor shall it interfere in any way with the right of the Company or any Affiliate thereof to terminate the employment or service of any of its Eligible Recipients at any time.

    

    

    Section 17. Effective Date.

    

    

    The Plan was adopted by the Board on May 17, 2022, was approved by its shareholders as of June 16, 2022 and became effective on June 22, 2022 (“Effective Date”).

    

    

    Section 18. Term of Plan.

    

    

    No Award shall be granted pursuant to the Plan on or after the tenth (10th) anniversary of the Effective Date, but Awards
      theretofore granted may extend beyond that date.

    

    

    Section 19. Securities Matters and Regulations.

    

    

    (a)          Notwithstanding anything herein to the contrary, the obligation of the Company to sell or deliver Ordinary Shares with respect to any Award
        granted under the Plan shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or
        appropriate by the Administrator. The Administrator may require, as a condition of the issuance and delivery of certificates evidencing Ordinary Shares pursuant to the terms hereof, that the recipient of such shares make such agreements and
        representations, and that such certificates bear such legends, as the Administrator, in its sole discretion, deems necessary or advisable.

    

    

    (b)          Each Award is subject to the requirement that, if at any time the Administrator determines that the listing, registration or qualification
        of Ordinary Shares issuable pursuant to the Plan is required by any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is necessary or desirable
        as a condition of, or in connection with, the grant of an Award or the issuance of Ordinary Shares, no such Award shall be granted or payment made or Ordinary Share issued, in whole or in part, unless such listing, registration, qualification,
        consent or approval has been effected or obtained free of any conditions not acceptable to the Administrator.

    

    

    (c)          In the event that the disposition of Ordinary Share acquired pursuant to the Plan is not covered by a then current registration statement
        under the Securities Act and is not otherwise exempt from such registration, such Ordinary Share shall be restricted against transfer to the extent required by the Securities Act or regulations thereunder, and the Administrator may require a
        Participant receiving Ordinary Share pursuant to the Plan, as a condition precedent to receipt of such Ordinary Share, to represent to the Company in writing that the Ordinary Share acquired by such Participant is acquired for investment only and
        not with a view to distribution.

    
      15

      
        

    

    

    

    Section 20. Notification of Election Under Section 83(b) of the Code.

    

    

    If any Participant shall, in connection with the acquisition Ordinary Share under the Plan, make the election permitted under Section 83(b) of the Code, such Participant shall notify the Company of such
      election within ten (10) days after filing notice of the election with the Internal Revenue Service.

    

    

    Section 21. No Fractional Shares.

    

    

    No fractional Ordinary Shares shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such
      fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.

    

    

    Section 22. Beneficiary.

    

    

    A Participant may file with the Administrator a written designation of a beneficiary on such form as may be prescribed by the Administrator and may, from time to time, amend or revoke such designation. If
      no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall be deemed to be the Participant’s beneficiary.

    

    

    Section 23. Paperless Administration.

    

    

    In the event that the Company establishes, for itself or using the services of a third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet
      website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Participant may be permitted through the use of such an automated system.

    

    

    Section 24. Severability.

    

    

    If any provision of the Plan is held to be invalid or unenforceable, the other provisions of the Plan shall not be affected but shall be applied as if the invalid or unenforceable
      provision had not been included in the Plan.

    

    

    Section 25. Clawback.

    

    

    (a)          Each Award granted under the Plan shall be subject to any applicable recoupment terms and conditions as set forth in
        the Award Agreement and/or applicable recoupment policy maintained by the Company or any of its Affiliates as in effect from time to time.  In the event of the termination of a Participant’s employment or service for Cause, as defined herein, the
        Administrator has the authority, in its sole and absolute direction, to clawback or seek forfeiture of any Award granted under this Plan (or, in the alternative, effect a commensurate deduction), including Awards that have vested, irrespective of
        whether such Awards have been settled or exercised.

    

    

    (b)          Notwithstanding any other provisions in this Plan, any Award which is subject to recovery under any law, government
        regulation or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company
        pursuant to any such law, government regulation or stock exchange listing requirement).

    
      16

      
        

    

    

    

    Section 26. Section 409A of the Code.

    

    

    The Plan as well as payments and benefits under the Plan are intended to be exempt from, or to the extent subject thereto, to comply with Section 409A of the Code, and, accordingly, to the maximum extent
      permitted, the Plan shall be interpreted in accordance therewith. Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, the
      Participant shall not be considered to have terminated employment or service with the Company for purposes of the Plan and no payment shall be due to the Participant under the Plan or any Award until the Participant would be considered to have
      incurred a “separation from service” from the Company and its Affiliates within the meaning of Section 409A of the Code. Any payments described in the Plan that are due within the “short term deferral period” as defined in Section 409A of the Code
      shall not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything to the contrary in the Plan, to the extent that any Awards (or any other amounts payable under any plan, program or arrangement of the
      Company or any of its Affiliates) are payable upon a separation from service and such payment would result in the imposition of any individual tax and penalty interest charges imposed under Section 409A of the Code, the settlement and payment of such
      awards (or other amounts) shall instead be made on the first business day after the date that is six (6) months following such separation from service (or upon the Participant’s death, if earlier). Each amount to be paid or benefit to be provided
      under this Plan shall be construed as a separate identified payment for purposes of Section 409A of the Code. The Company makes no representation that any or all of the payments or benefits described in this Plan will be exempt from or comply with
      Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. The Participant shall be solely responsible for the payment of any taxes and penalties incurred under Section 409A of the Code.

    

    

    Section 27. Governing Law.

    

    

    The Plan shall be governed by and construed in accordance with the laws of Delaware, without giving effect to the principles of conflicts of law of such state.

    

    

    Section 28. Titles and Headings.

    

    

    The titles and headings of the sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control.

    

    

    Section 29. Successors.

    

    

    The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of the Company, or upon any
      successor corporation or organization succeeding to substantially all of the assets and business of the Company.

    

    

    Section 30. Relationship to other Benefits.

    

    

    No payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare, or other benefit plan of the
      Company or any Affiliate except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder.

     

    

  

  17Exhibit 4.2

    

    

    HP INC.

    4.750% notes due 2028

    

    

    	
            No. R-    

            

          	
            $     

            

          

    CUSIP No. 40434L AM7

    

    

    HP Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the
      principal sum of       Dollars ($     ) or such other amount indicated on the Schedule of Exchange of Global Security attached hereto on January 15, 2028 (if such date is not a Business Day, payment of principal, premium, if any, and interest for the
      Securities will be paid on the next Business Day); provided, however,
      that no interest on that payment will accrue from and after January 15, 2028, and to pay interest thereon from June 21, 2022, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on January
      15 and July 15 in each year, commencing January 15, 2023, at the rate of 4.750% per annum, until the principal hereof is paid or made available for payment.  The interest so payable, and punctually paid or duly provided for, on any Interest Payment
      Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be on December 31 or
      June 30 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date.  Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date
      and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice
      whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the
      Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Interest on the Security shall be computed on the basis of a 360-day year comprised of twelve 30- day
      months.  If an Interest Payment Date on the Securities falls on a date that is not a Business Day, the payment of such interest shall be postponed to the next succeeding Business Day as if made on the Interest Payment Date, and no interest on such
      payment shall accrue for the period from and after such Interest Payment Date to the date of such payment on the next succeeding Business Day.

    

    

    So long as all of the Securities of this series are represented by Global Securities, the principal of, premium, if any, and interest, if
      any, on this Global Security shall be paid in immediately available funds to the Depositary or to a nominee of the Depositary.  If at any time the Securities of this series are no longer represented by the Global Securities and are issued in
      definitive form (“Certificated Securities”), then the principal of, premium, if any, and interest, if any, on each Certificated Security at Maturity shall be
      paid to the Holder upon surrender of such Certificated Security at the office or agency maintained by the Company in the Borough of Manhattan, The City of New York (which shall initially be the office of The Bank of New York Mellon, an affiliate of
      The Bank of New York Mellon Trust Company, N.A., the Trustee); provided that such Certificated Security is surrendered to the Trustee, acting as Paying Agent,
      in time for the Paying Agent to make such payments in such funds in accordance with its normal procedures.  Payments of interest with respect to Certificated Securities other than at Maturity may, at the option of the Company, be made by check mailed
      to the address of the Person entitled thereto as it appears on the Security Register on the relevant Regular or Special Record Date, as the case may be, or by wire transfer in same day funds to such account as may have been appropriately designated
      to the Paying Agent by such Person in writing not later than such relevant Regular or Special Record Date.

    

    

    
      
        

    

    

    

    Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
      purposes have the same effect as if set forth at this place.

    

    

    Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual, electronic or
      facsimile or pdf or other electronically imaged signature (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g.,
      www.docusign.com), this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

    

    

    [Remainder of page intentionally left blank]

    

    

    
      
        

    

    
      IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

      

      

      	 	
              HP INC.

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            	
              Zachary J. Nesper

            
	 	 	
              Title:

            	
              Treasurer

            
	 	 
	 	
              Attest:

            	 
	 	 	
              Name:

            	
              Rick Hansen

            
	 	 	
              Title:

            	
              Deputy General Counsel,

              Corporate and Corporate Secretary

            

      

      

      [Signature Page to 4.750% notes due 2028 – R-     ]

      

    

    
      
        

    

    
      
        Trustee’s Certificate of Authentication.

         
        

           

         
        This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture.

         
        

           

         
        Dated: June 21, 2022

         
        

           

         
        THE BANK OF NEW YORK MELLON

         
        TRUST COMPANY, N.A., as Trustee

        

        

        	
                By:

              	 	 
	 	
                Authorized Signatory

              	 

        

        

        [Signature Page to 4.750% notes due 2028 – R-     ] 

      

    

    
      
        

    

    Reverse of Security

    

    

    This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of June 17, 2020 (herein called the “Base Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (herein called the “Trustee,”
      which term includes any successor Trustee under the Indenture), as supplemented and modified by the Officers’ Certificate dated June 21, 2022 (as supplemented and modified, the “Indenture”) and reference is hereby made to the Indenture and all indentures supplemental thereto for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee
      and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered.  This Security is one of the series designated on the face hereof initially in aggregate principal amount of $900,000,000.

    

    

    Optional Redemption

    

    

    The Company will have the right to redeem the Securities, in whole at any time or in part from time to time, on at least 10 days’ but not
      more than 45 days’ prior written notice sent to the registered Holders of the Securities to be redeemed.

    

    

    Prior to the Par Call Date, the Securities will be redeemable in whole at any time or in part from time to time at a Redemption Price, as
      calculated by the Company, equal to the greater of:

    

    

    (i)          100.000%

        of the principal amount of the Securities to be redeemed; and

    

    

    (ii)          the
        sum, as determined by the Company, of the present values of the Remaining Scheduled Payments of principal and interest thereon that would be due if the Securities to be redeemed matured on the Par Call Date (exclusive of accrued and unpaid
        interest, if any, to, but excluding, the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate plus 30 basis points,

    

    

    plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the
      Redemption Date.

    

    

    On or after the Par Call Date, the Securities will be redeemable in whole at any time or in part from time to time at a Redemption Price
      equal to 100.000% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.

    

    

    If money sufficient to pay the Redemption Price of and accrued interest on the Securities (or portions thereof) to be redeemed on the
      Redemption Date is deposited with the Trustee or Paying Agent on or before the Redemption Date and the conditions set forth in Article 11 of the Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the
      Securities (or such portion thereof) called for redemption.  If any Redemption Date is not a Business Day, the Company will pay the Redemption Price on the next Business Day without any interest or other payment due to the delay.

    

    

    
      1

      
        

    

    

    

    If fewer than all of the Securities are to be redeemed, not more than 45 days prior to the Redemption Date, the Securities for redemption
      shall be selected from the Outstanding Securities not previously called in accordance with the procedures of DTC or, in the case of Certificated Securities, by lot or by such method consistent with the Trustee’s procedures.  No Securities of $1,000
      or less will be redeemed in part; provided that the unredeemed portion of the Securities redeemed in part may not be less than $2,000.

    

    

    Any redemption or notice may, at the Company’s discretion, be subject to one or more conditions precedent, including, but not limited to,
      completion or occurrence of a related transaction or event. At the Company’s discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be
      rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date as so delayed. The Company will provide written notice to the Trustee prior to the close of business two Business
      Days prior to the Redemption Date or such shorter time as may be acceptable to the Trustee, if any such redemption has been rescinded or delayed, and upon receipt the Trustee will provide such notice to each Holder of the Securities to be redeemed in
      the same manner in which the notice of redemption was given.

    

    

    Unless the Company defaults in the payment of the Redemption Price and accrued interest, no interest will accrue on the Securities called
      for redemption for the period from and after the Redemption Date.

    

    

    In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed
      portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.

    

    

    “Par Call Date” means December 15, 2027.

    

    

    “Treasury Rate” means, with respect to any
      Redemption Date, the yield determined by the Company in accordance with the following two paragraphs:

    

    

    The Treasury Rate shall be determined by the Company after 4:15 p.m., New York City time (or after such time as yields on U.S. government
      securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption Date based upon the yield or yields for the most recent day that appear after such time on such day in the most
      recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) – H.15” (or any successor designation or publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities–Nominal” (or any successor caption or heading). In determining the Treasury Rate in respect of the Securities, the Company shall
      select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the Par Call Date (the “Remaining
          Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal to such Remaining Life, the two yields–one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield
      corresponding to the Treasury constant maturity on H.15 immediately longer than such Remaining Life–and shall interpolate to the Par Call Date on a straight line basis (using the actual number of days) using such yields and rounding the result to
      three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than such Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to such Remaining Life. For purposes of this
      paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable of such Treasury constant maturity from the Redemption Date.

    

    

    
      2

      
        

    

    

    

    If on the third Business Day preceding the Redemption Date H.15 or any successor designation or publication is no longer published, the
      Company shall calculate the applicable Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the United States
      Treasury security maturing on, or with a maturity that is closest to the Par Call Date. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity date
      equally distant from the Par Call Date, one with a maturity date preceding the applicable Par Call Date and one with a maturity date following the applicable Par Call Date, the Company shall select the United States Treasury security with a maturity
      date preceding the Par Call Date. If there are two or more United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from
      among these two or more United States Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City
      time.  In determining the Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a
      percentage of principal amount) at 11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places.

    

    

    The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent
      manifest error.

    

    

    Special Mandatory Redemption

    

    

    In the event that (a) the Poly Acquisition is not consummated on or prior to June 26, 2023 or (b) the Transaction Agreement is terminated
      without the Poly Acquisition being consummated (any such event being a “Special Mandatory Redemption Event”), the Company will be required to redeem all of the
      Securities at a redemption price equal to 101% of the aggregate principal amount of the Securities, plus accrued and unpaid interest, if any, to (but excluding) the redemption date (the “Special Mandatory Redemption Price”). For purposes of the foregoing, the Poly Acquisition will be deemed consummated if the closing under the Transaction Agreement occurs, including after giving effect to any amendments
      to the Transaction Agreement or waivers thereunder acceptable to the Company.

    

    

    Notice of the occurrence of a Special Mandatory Redemption Event and that a special mandatory redemption is to occur (the “Special Mandatory Redemption Notice”) will be delivered to the Trustee and delivered to holders of notes according to the procedures of DTC within five (5)
      business days after the Special Mandatory Redemption Event. At the Company’s written request, the Trustee shall give the Special Mandatory Redemption Notice in the Company’s name and at the Company’s expense. On the redemption date specified in the
      Special Mandatory Redemption Notice, which shall be no more than 30 days (or such other minimum period as may be required by the DTC) after mailing or sending the Special Mandatory Redemption Notice, the special mandatory redemption shall occur (the
      date of such redemption, the “Special Mandatory Redemption Date”).

    

    

    
      3

      
        

    

    

    

    If funds sufficient to pay the Special Mandatory Redemption Price of all of the Securities on the Special Mandatory Redemption Date are
      deposited with the Paying Agent or the Trustee on or before such Special Mandatory Redemption Date, then on and after such Special Mandatory Redemption Date, the Securities shall cease to bear interest and, other than the right to receive the Special
      Mandatory Redemption Price, all rights under the Securities shall terminate. If the Special Mandatory Redemption Date is not a Business Day, the Company will pay the Special Mandatory Redemption Price on the next Business Day without any interest or
      other payment due to the delay.

    

    

    Upon the consummation of the Poly Acquisition, the foregoing provisions regarding the special mandatory redemption will cease to apply.

    

    

    “Poly Acquisition” means the acquisition of
      Plantronics, Inc. by HP Inc. pursuant to the Transaction Agreement.

    

    

    “Transaction Agreement” means that certain
      Agreement and Plan of Merger, dated as of March 25, 2022, among HP Inc., Prism Subsidiary Corp. and Plantronics, Inc., as such agreement may be amended, supplemented or otherwise modified from time to time.

    

    

    Purchase of Securities upon a Change of Control Repurchase Event

    

    

    If a Change of Control Repurchase Event occurs after the date hereof, unless the Company has exercised its right to redeem the Securities
      as described above under “Optional Redemption,” the Company will make an offer to each Holder of Securities to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Securities at a
      repurchase price in cash equal to 101.000% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities repurchased to the date of purchase.

    

    

    Within 30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control, but after the
      public announcement of the transaction or event that constitutes or may constitute the Change of Control, the Company will send a notice to each Holder to which the Company is required to make a repurchase offer as described above, with a copy to the
      Trustee, describing the transaction or event that constitutes or may constitute the Change of Control Repurchase Event and offering to repurchase the Securities on the payment date specified in the notice, which date will be no earlier than 30 days
      and no later than 60 days from the date such notice is mailed.  The notice may, if sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on
      or prior to the payment date specified in the notice.

    

    

    
      4

      
        

    

    

    

    On the Change of Control Repurchase Event payment date, the Company shall, to the extent lawful:

    

    

    (i)          accept
        for payment all Securities or portions of Securities (in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof) properly tendered and not withdrawn pursuant to the Company’s offer;

    

    

    (ii)          deposit

        with the Paying Agent an amount equal to the aggregate purchase price in respect of all Securities or portions of Securities properly tendered and not withdrawn; and

    

    

    (iii)          deliver

        or cause to be delivered to the Trustee the Securities properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company.

    

    

    The Paying Agent will promptly send to each Holder of Securities properly tendered and not withdrawn the purchase price for such
      Securities, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security equal in principal amount to any unpurchased portion of any such Securities surrendered; provided that each new Security will be in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof.

    

    

    The Company will not be required to make an offer to repurchase the Securities upon a Change of Control Repurchase Event if a third party
      makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Securities properly tendered and not withdrawn under its offer.

    

    

    If Holders of not less than 90% in aggregate principal amount of the outstanding Securities validly tender and do not withdraw such
      Securities in a offer to repurchase the Securities upon a Change of Control Repurchase Event and the Company, or any third party making such an offer in lieu of the Company as described above, purchases all of such Securities properly tendered and
      not withdrawn by such holders, the Company or such third party will have the right, upon not less than 10 days’ nor more than 60 days’ prior notice, provided that such notice is given not more than 30 days following such repurchase pursuant to the
      offer described above to redeem all the Securities that remain outstanding following such purchase on a date specified in such notice (the “Second Change of Control
          Payment Date”) and at a price in cash equal to 101% of the aggregate principal amount of the Securities repurchased plus accrued and unpaid interest, if any, on the Securities repurchased to, but excluding, the Second Change of Control
      Payment date.

    

    

    
      5

      
        

    

    

    

    The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations
      thereunder, to the extent those laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event.  To the extent that the provisions of any securities laws or regulations
      conflict with this provision, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this provision by virtue of any such conflict.

    

    

    “Below Investment Grade Rating Event” means,
      with respect to the Securities, the rating on the Securities is lowered by each of the Rating Agencies, and the Securities are rated below Investment Grade by each of the Rating Agencies on any date from the date of the public notice of an
      arrangement that results in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period will be extended so long as the rating of the Securities is under publicly announced
      consideration for possible downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating will not be deemed to have occurred in respect of a particular
      Change of Control (and thus will not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event) if the Rating Agencies making the reduction in rating to which this definition would otherwise
      apply do not announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable
      Change of Control (whether or not the applicable Change of Control will have occurred at the time of the Below Investment Grade Rating Event).

    

    

    “Board of Directors” means either the Board of
      Directors of the Company or any duly authorized committee empowered by that Board of Directors or the executive committee thereof to act with respect to the Indenture.

    

    

    “Change of Control” means the occurrence of any
      of the following:

    

    

    (1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
      series of related transactions, of all or substantially all of the Company’s assets and those of its subsidiaries, taken as a whole, to any “person” or “group” (as those terms are used for purposes of Section 13(d)(3) of the Exchange Act), other than
      the Company or one or more of its subsidiaries; (2) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as those terms
      are used for purposes of Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly owned subsidiaries, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the
      Company’s Voting Stock, measured by voting power rather than number of shares; (3) the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or into, the Company, in any such event pursuant to
      a transaction in which any of the Company’s outstanding Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s
      Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person, measured by
      voting power rather than number of shares, immediately after giving effect to such transaction; or (4) the adoption by the Company of a plan providing for its liquidation or dissolution.

    

    

    
      6

      
        

    

    

    

    Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control under clause (2) above if (a) the Company
      becomes a direct or indirect wholly owned subsidiary of a holding company and (b)(x) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the
      Company’s Voting Stock immediately prior to that transaction or (y) immediately following that transaction, no person (as that term is used in Section 13(d)(3) of the Exchange Act), other than a holding company satisfying the requirements of this
      sentence, is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company.

    

    

    For purposes of the foregoing discussion of the purchase of Securities upon a Change of Control Repurchase Event, the following definitions
      are applicable:

    

    

    “Change of Control Repurchase Event” means the
      occurrence of both a Change of Control and a Below Investment Grade Rating Event.

    

    

    “Fitch” means Fitch Ratings, Ltd., a division of
      Fitch, Inc., or its successors.

    

    

    “Investment Grade” means a rating of BBB- or
      better by Fitch (or its equivalent under any successor rating categories of Fitch), Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any
      successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company.

    

    

    “Moody’s” means Moody’s Investors Service, Inc.
      or its successors.

    

    

    “Rating Agency” means (1) each of Fitch, Moody’s
      and S&P and (2) if any of Fitch, Moody’s or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
      organization” within the meaning of Section 3(a)(62) of the Exchange Act, selected by the Company as a replacement agency for Fitch, Moody’s or S&P, or all of them, as the case may be.

    

    

    “S&P” means S&P Global Ratings, a
      division of S&P Global Inc., or its successors.

    

    

    
      7

      
        

    

    

    

    “Voting Stock” means, with respect to any person
      as of any date, capital stock of any class or kind the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to
      vote has been suspended by the happening of such a contingency.

    

    

    The Indenture contains provisions, which will apply to the Securities, for defeasance and covenant defeasance and Events of Default with
      respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture.

    

    

    If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this
      series may be declared due and payable in the manner and with the effect provided in the Indenture.

    

    

    The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and
      obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of more than 50% in principal amount of the
      Securities at the time Outstanding of each series to be affected.  The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the
      Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.  Any such consent or waiver by the Holder of this Security
      shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration or transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or
      waiver is made upon this Security.

    

    

    As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any
      proceeding with respect to the Indenture or for the appointment of a receiver or Trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to
      the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default
      as Trustee and offered the Trustee indemnity satisfactory to the Trustee, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with
      such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity.  The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement
      of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

    

    

    
      8

      
        

    

    

    

    No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
      Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed.

    

    

    The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiples of
      $1,000 in excess thereof.

    

    

    This Security shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be construed in
      accordance with and governed by the laws of said State, without regard to conflict of laws principles thereof.

    

    

    All terms used in this Security that are defined in the Indenture shall have the meanings assigned to them in the Indenture.

    

    

    
      9

      
        

    

    

    

    
      ASSIGNMENT

       
      	
              FOR VALUE RECEIVED the

              undersigned hereby sells, assigns

              and transfers unto:

            	
              PLEASE INSERT SOCIAL SECURITY OR

              OTHER IDENTIFYING NUMBER OF

              ASSIGNEE:

            
	 
	
               

               

              

               

              

            
	
               

               

              

               

              

               

              

            
	
              (Please print or typewrite name and address including postal zip code of assignee)

            
	
               

               

              

               

              

            
	
              the within Global Security of HP INC. and all rights hereunder, hereby irrevocably constituting and appointing

            
	
               

               

              

               

              

            
	
              attorney to transfer said Global Security on the books of the within-named Company, with full power of substitution in the premises.

               

              

               

              

            

      

      

      	
              Dated:

            	 	 	
              SIGN HERE

            	 
	 	 	 	 	
              NOTICE:  THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR,
                WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

               

              SIGNATURE GUARANTEED

            

      

      

    

    
      10

      
        

    

    

    

    
      OPTION OF HOLDER TO ELECT PURCHASE

      

      

      If you want to elect to have all or part of this Security purchased by the Company pursuant to a Change of Control Repurchase Event,
        state the amount you elect to have purchased:

      

      

      	  	 $	
              

              

            	 	
              (integral multiples of $1,000,

            
	 	 	 	 	
              provided that the unpurchased

              portion must be in a minimum

              principal amount of $2,000)

            

      

      

      

      

      	 	
              Date:

            	 	 

      

      

      

      

      	 	 	
              Your Signature:

            	 
	 	 	 	
              (Sign exactly as your name

              appears on the face of this

              Security)

            
	
               

               

              

            
	 	
              Tax Identification No.:

            
	 	 

      

      

      

      

      	 	
              Signature Guarantee*:

            	 	
              

              

            

      

      

      * Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the
        Trustee).

    

    

    
      11

      
        

    

    

    

    
      SCHEDULE OF EXCHANGE OF GLOBAL SECURITY

      

      

      The initial principal amount of this Global Security is $     .  The following increases or decreases in this Global Security have been made:

      

      

      	
              
                Date

              

            	 	
              
                Amount of

                Decrease in

                Principal

                Amount of

                this Global

                Security

              

            	 	
              
                Amount of

                Increase in

                Principal

                Amount of

                this Global

                Security

              

            	 	
              
                Principal

                Amount of

                this Global

                Security

                Following

                Such Decrease

                or Increase

              

            	 	
              
                Signature of

                Authorized

                Signatory of

                Trustee or

                Securities

                Custodian

              

            
	
              
                 

                 

                

                 

                

                 

                

                 

                

                 

                

              

            	 	 	 	 	 	 	 	 

      

      

      
        	 	 

      

      

      

    

    

  

  12

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