Document:

EX-10.11

 Exhibit 10.11 

PROKIDNEY CORP 
 2022
INCENTIVE EQUITY PLAN 
 Section 1. Purpose. The purpose of the ProKidney Corp. Incentive Equity Plan (as amended from time
to time, the “Plan”) is to promote the long-term success of ProKidney Corp., a Cayman Island exempted company limited by shares (the “Company”) by motivating employees and other individuals to perform at the highest
level and contributing significantly to the success of the Company, thereby furthering the best interests of the Company and its shareholders. The Plan shall serve as the primary plan under which equity-based incentives are awarded on a worldwide
basis to Participants. 
 Section 2. Definitions. As used in the Plan, the following terms shall have the meanings set forth
below: 
 (a) “Affiliate” means any entity that, directly or indirectly through one or more intermediaries
controls, is controlled by or is under common control with, the Company. 
 (b) “Articles” means the
amended and restated articles of memorandum of association of the Company, as may be amended and/or restated from time to time. 

(c) “Award” means any Option, SAR, Restricted Stock, RSU, Performance Award, Other Cash-Based Award or Other
Stock-Based Award granted under the Plan. 
 (d) “Award Agreement” means any agreement, contract or other
instrument or document (including in electronic form) evidencing any Award granted under the Plan, which may, but need not, be executed or acknowledged by a Participant. 

(e) “Beneficial Owner” has the meaning ascribed to such term in Rule
13d-3 under the Exchange Act. 
 (f) “Beneficiary” means a Person
entitled to receive payments or other benefits or exercise rights that are available under the Plan in the event of a Participant’s death. If no such Person can be named or is named by a Participant, or if no Beneficiary designated by a
Participant is eligible to receive payments or other benefits or exercise rights that are available under the Plan at a Participant’s death, such Participant’s Beneficiary shall be such Participant’s estate. 

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

(h) “Business Combination Agreement” means that certain Business Combination Agreement, dated as of
January 18, 2022, made and entered into by and between Social Capital Suvretta Holdings Corp. III, a Cayman Islands exempted company limited by shares, and ProKidney LP, a limited partnership organized under the laws of Ireland, acting through
its general partner ProKidney GP Limited, a private limited company incorporated under the laws of Ireland. 

 (i) “Cause” is as defined in Participant’s Service
Agreement, if any, or Award Agreement or, if not so defined, means: (i) any theft, fraud, embezzlement, dishonesty, willful misconduct, breach of fiduciary duty for personal profit, falsification of any documents or records of the Company or
any of its Affiliates, felony or similar act by Participant (whether or not related to Participant’s relationship with the Company); (ii) an act of moral turpitude by Participant, or any act that causes significant injury to, or is otherwise
adversely affecting, the reputation, business, assets, operations or business relationship of the Company (or a Subsidiary or Affiliate, when applicable); (iii) any breach by Participant of any material agreement with or of any material duty of
Participant to the Company or any Subsidiary or Affiliate thereof (including breach of confidentiality, non-disclosure, non-use
non-competition or non-solicitation covenants towards the Company or any of its Affiliates) or failure to abide by code of conduct or other policies (including, without
limitation, policies relating to confidentiality and reasonable workplace conduct); or (iv) any act which constitutes a breach of a Participant’s fiduciary duty towards the Company or an Affiliate or Subsidiary, including disclosure of
confidential or proprietary information thereof or acceptance or solicitation to receive unauthorized or undisclosed benefits, irrespective of their nature, or funds, or promises to receive either, from individuals, consultants or corporate entities
that the Company or a Subsidiary does business with; (v) Participant’s unauthorized use, misappropriation, destruction, or diversion of any tangible or intangible asset or corporate opportunity of the Company or any of its Affiliates
(including, without limitation, the improper use or disclosure of confidential or proprietary information); or (vi) any circumstances that constitute grounds for termination for cause under Participant’s Service Agreement with the Company
or Affiliate, to the extent applicable. For the avoidance of doubt, the determination as to whether a termination is for Cause for purposes of this Plan, shall be made in good faith by the Committee and shall be final and binding on Participant.  
 (j) “Change in Control” means the occurrence of any
one or more of the following events: 
 (i) any Person, other than (A) any employee plan established by the Company or
any Subsidiary, (B) the Company or any of its Affiliates, (C) an underwriter temporarily holding securities pursuant to an offering of such securities, or (D) an entity owned, directly or indirectly, by shareholders of the Company in
substantially the same proportions as their ownership of the Company, is (or becomes, during any 12-month period) 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 other than in connection with the acquisition by the Company or its Affiliates of a business) representing 50% or more of the total
voting power of the stock of the Company; provided that the provisions of this subsection (i) are not intended to apply to or include as a Change in Control any transaction that is specifically excepted from the definition of Change in
Control under subsection (iii) below; 

 (ii) a change in the composition of the Board such that, during any 12-month period, the individuals who, as of the beginning of such period, constitute the Board (the “Existing Board”) cease for any reason to constitute at least 50% of the Board;
provided, however, that any individual becoming a member of the Board subsequent to the beginning of such period whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a
majority of the Directors immediately prior to the date of such appointment or election shall be considered as though such individual were a member of the Existing Board; provided further, that, notwithstanding the foregoing, no
individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 or Regulation 14A promulgated under the Exchange Act
or successor statutes or rules containing analogous concepts) or other actual or threatened solicitation of proxies or consents by or on behalf of an individual, corporation, partnership, group, associate or other entity or Person other than the
Board, shall in any event be considered to be a member of the Existing Board; 
 (iii) the consummation of a merger,
amalgamation or consolidation of the Company with any other corporation or other entity, or the issuance of voting securities in connection with such a transaction pursuant to applicable stock exchange requirements; provided that immediately
following such transaction the voting securities of the Company outstanding immediately prior thereto do not continue to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity of such
transaction or parent entity thereof) 50% or more of the total voting power of the Company’s stock (or, if the Company is not the surviving entity of such merger or consolidation, 50% or more of the total voting power and total fair market
value of the stock of such surviving entity or parent entity thereof); and provided, further, that such a transaction 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 other than in connection with the
acquisition by the Company or its Affiliates of a business) representing 50% or more of either the then-outstanding Shares or the combined voting power and total fair market value of the Company’s then-outstanding voting securities shall not be
considered a Change in Control; or 
 (iv) the sale or disposition by the Company of all or substantially all of the
Company’s assets in which any Person acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Person) assets from the Company that have a total gross
fair market value equal to more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. 

 Notwithstanding the foregoing, (A) no Change in Control shall be deemed to have
occurred if there is consummated any transaction or series of integrated transactions immediately following which the record holders of the Shares immediately prior to such transaction or series of transactions continue to have substantially the
same proportionate ownership in an entity which owns substantially all of the assets of the Company immediately prior to such transaction or series of transactions and (B) no Change in Control shall be deemed to have occurred upon the
acquisition of additional control of the Company by any Person that is considered to effectively control the Company. In no event will a Change in Control be deemed to have occurred if any Participant is part of a “group” within the
meaning of Section 13(d)(3) of the Exchange Act that effects a Change in Control. Notwithstanding the foregoing or any provision of any Award Agreement to the contrary, for any Award that provides for accelerated distribution on a Change in
Control of amounts that constitute “deferred compensation” (as defined in Section 409A of the Code), if the event that constitutes such Change in Control does not also constitute a change in the ownership or effective control of the
Company, or in the ownership of a substantial portion of the Company’s assets (in either case, as defined in Section 409A of the Code), such amount shall not be distributed on such Change in Control but instead shall vest as of such Change
in Control and shall be distributed on the scheduled payment date specified in the applicable Award Agreement, except to the extent that earlier distribution would not result in the Participant who holds such Award incurring interest or additional
tax under Section 409A of the Code. 
 (k) “Code” means the Internal Revenue Code of 1986, as amended
from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Code shall include any successor provision thereto. 

(l) “Committee” means the compensation committee of the Board unless another committee is designated by the
Board. If there is no compensation committee of the Board and the Board does not designate another committee, references herein to the “Committee” shall refer to the Board. 

(m) “Consultant” means any individual, including an advisor, who is providing bona fide services to
the Company or any Subsidiary or who has accepted an offer of service or consultancy from the Company or any Subsidiary. For purposes of the Plan, in the case of a Consultant, references to employment shall be deemed to refer to such
Consultant’s service in such capacity, but in no event shall the Plan or any action taken hereunder be construed to create an employer-employee relationship between any such Consultant and the Company or of any of its Affiliates. 

(n) “Director” means any member of the Board. 

(o) “Disability” means the Participant is 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 which has lasted or can be expected to last for a continuous period of not less than 12 months in accordance with the definition of total and
permanent disability as defined in Code Section 22(e)(3), provided that in the case of Awards other than Incentive Stock Options, the Committee in its discretion may determine whether a permanent and total disability exists in accordance with
uniform and non-discriminatory standards adopted by the Committee from time to time. 

 (p) “Effective Date” means the later of (i) the date
on which the Plan is adopted by the Board and approved by the shareholders of the Company, and (ii) July 11, 2022. 

(q) “Employee” means any individual, including any officer, employed by the Company or any Subsidiary or any
prospective employee or officer who has accepted an offer of employment from the Company or any Subsidiary, with the status of employment determined based upon such factors as are deemed appropriate by the Committee in its discretion, subject to any
requirements of the Code or applicable laws; provided that any such person may not receive any payment or exercise any right relating to an Award until such person has commenced employment or service with the Company or its Subsidiaries.
An employee on an approved leave of absence (including parental leave) shall be considered as still in the employment of the Company or its Subsidiaries for purposes of eligibility for participation in the Plan. 

(r) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules,
regulations and guidance thereunder. Any reference to a provision in the Exchange Act shall include any successor provision thereto. 

(s) “Fair Market Value” means (i) with respect to Shares, the closing price of a Share on the applicable
date of determination (or, if there is no reported sale on such date, on the last preceding date on which any reported sale occurred), on the principal stock market or exchange on which the Shares are quoted or traded, or if Shares are not so quoted
or traded, the fair market value of a Share as determined by the Committee (and, to the extent applicable, such determination shall be made in a manner that satisfies Sections 409A and 422(c)(1) of the Code), and (ii) with respect to any
property other than Shares, the fair market value of such property determined by such methods or procedures as shall be established from time to time by the Committee. 

(t) “Fully-Diluted Basis” means all Shares outstanding on the applicable date of determination, which shall
include Shares into which New Company Common Units may be exchanged pursuant to the Exchange Agreement (as such terms are defined in the Business Combination Agreement), but before giving effect to the number of Shares reserved for issuance or
issued under this Plan and the Company’s Employee Stock Purchase Plan and excluding all Earnout Shares and all Earnout Company Units (as such terms are defined in the Business Combination Agreement) on the applicable date of determination. 

(u) “Incentive Stock Option” means an option representing the right to purchase Shares from the Company,
granted pursuant to Section 6, that meets the requirements of Section 422 of the Code. 
 (v) “Intrinsic
Value” with respect to an Option or SAR Award means (i) the excess, if any, of the price or implied price per Share in a Change in Control or other event over (ii) the exercise or hurdle price of such Award
multiplied by (iii) the number of Shares covered by such Award. 

 (w) “Non-Employee
Director” means a Director who is not an Employee. 
 (x)
“Non-Qualified Stock Option” means an option representing the right to purchase Shares from the Company, granted pursuant to Section 6, that is not an Incentive Stock Option. 

(y) “Option” means an Incentive Stock Option or a Non-Qualified Stock
Option. 
 (z) “Other Cash-Based Award” means an Award granted pursuant to Section 11, including cash
awarded as a bonus or upon the attainment of specified performance criteria or otherwise as permitted under the Plan. 

(aa) “Other Stock-Based Award” means an Award granted pursuant to Section 11 that may be denominated or
payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares or factors that may influence the value of Shares, including convertible or exchangeable debt securities, other rights convertible or exchangeable
into Shares, purchase rights for Shares, dividend rights or dividend equivalent rights or Awards with value and payment contingent upon performance of the Company or business units thereof or any other factors designated by the Committee. 

(bb) “Participant” means the recipient of an Award granted under the Plan. 

(cc) “Performance Award” means an Award granted pursuant to Section 10. 

(dd) “Performance Period” means the period established by the Committee with respect to any Performance Award
during which the performance goals specified by the Committee with respect to such Award are to be measured. 
 (ee)
“Person” has the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d) thereof. 

(ff) “Restricted Stock” means any Share subject to certain restrictions and forfeiture conditions, granted
pursuant to Section 8. 
 (gg) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from time to time. 

(hh) “RSU” means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each
RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents. 

(ii) “SAR” means a right granted pursuant to Section 7 to receive upon exercise by the Participant or
settlement, in cash, Shares or a combination thereof, the excess of (i) the Fair Market Value of one Share on the date of exercise or settlement over (ii) the exercise or hurdle price of the right on the date of grant. 

 (jj) “Service Agreement” means any employment, severance,
consulting or similar agreement between the Company or any of its Affiliates and a Participant. 
 (kk)
“Share” means a Class A ordinary share, $0.0001 par value, in the capital of the Company. 
 (ll)
“Subsidiary” means an entity of which the Company directly or indirectly holds all or a majority of the value of the outstanding equity interests of such entity or a majority of the voting power with respect to the voting securities
of such entity. Whether employment by or service with a Subsidiary is included within the scope of the Plan shall be determined by the Committee. 

(mm) “Substitute Award” means an Award granted in assumption of, or in substitution for, an outstanding award
previously granted by a company or other business acquired by the Company or with which the Company combines. 
 (nn)
“Termination of Service” means, in the case of a Participant who is an Employee, cessation of the employment relationship such that the Participant is no longer an employee of the Company or any Subsidiary, or, in the case of a
Participant who is a Consultant or Non-Employee Director, the date the performance of services for the Company or any Subsidiary has ended; provided, however, that in the case of a Participant
who is an Employee, the transfer of employment from the Company to a Subsidiary, from a Subsidiary to the Company, from one Subsidiary to another Subsidiary or, unless the Committee determines otherwise, the cessation of employee status but the
continuation of the performance of services for the Company or a Subsidiary as a Director or Consultant shall not be deemed a cessation of service that would constitute a Termination of Service; provided, further, that a Termination of
Service shall be deemed to occur for a Participant employed by, or performing services for, a Subsidiary when such Subsidiary ceases to be a Subsidiary unless such Participant’s employment or service continues with the Company or another
Subsidiary. Notwithstanding the foregoing, with respect to any Award subject to Section 409A of the Code (and not exempt therefrom), a Termination of Service occurs when a Participant experiences a “separation of service” (as such
term is defined under Section 409A of the Code). 
 Section 3. Eligibility. 

(a) Any Employee, Non-Employee Director or Consultant shall be eligible to be selected
to receive an Award under the Plan, to the extent that an offer or receipt of an Award is permitted by applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations. 

(b) Holders of equity compensation awards granted by a company that is acquired by the Company (or whose business is acquired
by the Company) or with which the Company combines are eligible for grants of Substitute Awards under the Plan to the extent permitted under applicable regulations of any stock exchange on which the Company is listed. 

 Section 4. Administration. 

(a) Administration of the Plan. The Plan shall be administered by the Committee. All decisions of the Committee shall
be final, conclusive and binding upon all parties, including the Company, its shareholders, Participants and any Beneficiaries thereof. The Committee may issue rules and regulations for administration of the Plan. 

(b) Delegation of Authority. To the extent permitted by applicable law, including under the Companies Act (as amended)
of the Cayman Islands, and the Articles, the Committee may delegate to one or more officers of the Company some or all of its authority under the Plan, including the authority to grant Options and SARs or other Awards in the form of Share rights
(except that such delegation shall not apply to any Award for a Person then covered by Section 16 of the Exchange Act), and the Committee may delegate to one or more committees of the Board (which may consist of solely one Director) some or all
of its authority under the Plan, including the authority to grant all types of Awards, in accordance with applicable law. 

(c) Authority of Committee. Subject to the terms of the Plan and applicable law, the Committee (or its delegate) shall
have full discretion and authority to: (i) designate Participants; (ii) determine the type or types of Awards (including Substitute Awards) to be granted to each Participant under the Plan; (iii) determine the number of Shares to be
covered by (or with respect to which payments, rights or other matters are to be calculated in connection with) Awards; (iv) determine the terms and conditions of any Award and prescribe the form of each Award Agreement, which need not be
identical for each Participant; (v) determine whether, to what extent, under what circumstances and by which methods Awards may be settled or exercised in cash, Shares, other Awards, other property, net settlement (including broker-assisted
cashless exercise), or any combination thereof, or canceled, forfeited or suspended; (vi) determine whether, to what extent and under what circumstances cash, Shares, other Awards, other property and other amounts payable with respect to an
Award under the Plan shall be deferred either automatically or at the election of the holder thereof or of the Committee; (vii) amend terms or conditions of any outstanding Awards; (viii) correct any defect, supply any omission and
reconcile any inconsistency in the Plan or any Award, in the manner and to the extent it shall deem desirable to carry the Plan into effect; (ix) interpret and administer the Plan and any instrument or agreement relating to, or Award made
under, the Plan; (x) establish, amend, suspend or waive such rules and regulations and appoint such agents, trustees, brokers, depositories and advisors and determine such terms of their engagement as it shall deem appropriate for the proper
administration of the Plan and due compliance with applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations; and (xi) make any other determination and take any other action that the Committee
deems necessary or desirable for the administration of the Plan and due compliance with applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations. Notwithstanding anything to the contrary contained
herein, the Board may, in its sole discretion, at any time and from time to time, grant Awards or administer the Plan. In any such case, the Board shall have all of the authority and responsibility granted to the Committee herein. 

 (d) Rule 16b-3
Compliance. To the extent an Award is intended to qualify for the exemption from Section 16(b) of the Exchange Act that is available under Rule 16b-3 of the Exchange Act, the Award will be
granted by the Board or a Committee (or a subcommittee thereof) that consists solely of two or more Non-Employee Directors, as determined under Rule 16b-3(b)(3) of the
Exchange Act and thereafter any action establishing or modifying the terms of the Award will be approved by the Board or a Committee (or a subcommittee) meeting such requirements to the extent necessary for such exemption to remain available. 

Section 5. Shares Available for Awards. 

(a) Subject to the Articles and any adjustment as provided in Section 5(c) and except for Substitute Awards, the maximum
number of Shares available for issuance under the Plan (the “Plan Share Limit”) shall not exceed in the aggregate 26,439,000 Shares; provided, however, upon the “Closing” (as defined in the Business
Combination Agreement) the Plan Share Limit shall be reduced automatically to equal 10% of outstanding Shares on a Fully-Diluted Basis immediately following the Closing (for the avoidance of doubt, after giving effect to any Share redemptions in
connection with the Closing). The Plan Share Limit shall be increased on the first day of each Company fiscal year beginning on January 1, 2023 and ending on and including January 1, 2032 in an amount equal to the lesser of (i) 5% of
outstanding Shares on a Fully-Diluted Basis on the last day of the immediately preceding fiscal year and (ii) such number of Shares as determined by the Committee in its discretion. Shares underlying Substitute Awards and Shares remaining
available for grant under a plan of an acquired company or of a company with which the Company combines (whether by way of amalgamation, merger, sale and purchase of shares or other securities or otherwise), appropriately adjusted to reflect the
acquisition or combination transaction, shall not reduce the number of Shares remaining available for grant hereunder. 

(b) If any Award is forfeited, cancelled, expires, terminates or otherwise lapses or is settled in cash, in whole or in part,
without the delivery of Shares, then the Shares covered by such forfeited, expired, terminated or lapsed Award shall again be available for grant under the Plan. The following shall become available for issuance under the Plan: (i) any Shares
withheld in respect of taxes relating to any Award and (ii) any Shares tendered or withheld to pay the exercise price of Options or that are covered by SARs (to the extent settled in Shares). 

(c) In the event that the Committee determines that, as a result of any dividend or other distribution (other than an ordinary
dividend or distribution), recapitalization, stock split, reverse stock split, reorganization, merger, amalgamation, consolidation, separation, rights offering, split-up,
spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to acquire Shares or other securities of the Company, or other similar corporate
transaction or event affecting the Shares, or of changes in applicable laws, regulations or accounting 

 
principles, an adjustment is necessary in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall,
subject to Section 19 and applicable law, adjust equitably so as to ensure no undue enrichment or harm (including by payment of cash), any or all of: 

(i) the number and type of Shares (or other securities) which thereafter may be made the subject of Awards, including the
aggregate limits specified in Section 5(a) and Section 5(f); 
 (ii) the number and type of Shares (or other
securities) subject to outstanding Awards; 
 (iii) the grant, acquisition, exercise or hurdle price with respect to any
Award or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award; and 
 (iv) the
terms and conditions of any outstanding Awards, including the performance criteria of any Performance Awards; 
 provided,
however, that the number of Shares subject to any Award denominated in Shares shall always be a whole number. 
 (d) Any
Shares delivered pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares or Shares acquired by the Company. 

(e) The aggregate value of all compensation granted or paid, as applicable, to any individual for service as a Non-Employee Director with respect to any calendar year, including Awards granted and cash fees paid by the Company to such Non-Employee Director, will not exceed (i) $750,000
in total value or (ii) in the event such Non-Employee Director is first appointed or elected to the Board, $1,000,000 in total value during the initial annual period, in each case calculating the value of
any equity awards based on the grant date fair value of such equity awards for financial reporting purposes. 
 (f) Subject
to adjustment as provided in Section 5(c)(i), the maximum number of Shares available for issuance with respect to Incentive Stock Options shall be 75,567,000. To the extent that the aggregate Fair Market Value (determined at the time of grant)
of Shares with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates) exceeds $100,000 (or such other limit established in the
Code) or otherwise does not comply with the rules governing Incentive Stock Options, the Options or portions thereof that exceed such limit (according to the order in which they were granted) or otherwise do not comply with such rules will be
treated as Nonqualified Stock Options, notwithstanding any contrary provision of the applicable Option Agreement(s). 

 Section 6. Options. The Committee is authorized to grant Options to
Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine: 

(a) Subject to Section 6(f) below, the exercise price per Share under an Option shall be determined by the Committee at
the time of grant; provided, however, that, except in the case of Substitute Awards, such exercise price shall not be less than the Fair Market Value of a Share on the date of grant of such Option. 

(b) Subject to Section 6(f) below, the term of each Option shall be fixed by the Committee but shall not exceed 10 years
from the date of grant of such Option. 
 (c) The Committee shall determine the methods by which, and the forms in which
payment of the exercise price with respect thereto may be made or deemed to have been made, including cash, Shares, other Awards, other property, net settlement (including broker-assisted cashless exercise) or any combination thereof, having a Fair
Market Value on the exercise date equal to the relevant exercise price. 
 (d) To the extent an exercisable Option is not
previously exercised as to all of the Shares subject thereto, and, if the Fair Market Value of one Share is greater than the exercise price then in effect, then the Option shall be deemed automatically exercised immediately before its expiration.

 (e) No grant of Options may be accompanied by a tandem award of dividend equivalents or provide for dividends, dividend
equivalents or other distributions to be paid on such Options (except as provided under Section 5(c)). 
 (f) The terms
of any Incentive Stock Option granted under the Plan shall comply in all respects with the provisions of Section 422 of the Code. Incentive Stock Options may be granted only to employees of the Company or of a parent or subsidiary corporation
(as defined in Section 424 of the Code). 
 Section 7. Stock Appreciation Rights. The Committee is authorized to
grant SARs to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine: 

(a) SARs may be granted under the Plan to Participants either alone (“freestanding”) or in addition to other Awards
granted under the Plan (“tandem”) and may, but need not, relate to a specific Option granted under Section 6. 

(b) The exercise or hurdle price per Share under a SAR shall be determined by the Committee; provided, however,
that, except in the case of Substitute Awards, such exercise or hurdle price shall not be less than the Fair Market Value of a Share on the date of grant of such SAR. 

(c) The term of each SAR shall be fixed by the Committee but shall not exceed 10 years from the date of grant of such SAR.

 (d) Upon the exercise of a SAR, the Company shall pay to the Participant an
amount equal to the number of Shares subject to the SAR multiplied by the excess, if any, of the Fair Market Value of one Share on the exercise date over the exercise or hurdle price of such SAR. The Company shall pay such excess in cash, in Shares
valued at Fair Market Value, or any combination thereof, as determined by the Committee. 
 (e) To the extent an exercisable
SAR is not previously exercised as to all of the Shares subject thereto, and, if the Fair Market Value of one Share is greater than the exercise price then in effect, then the SAR shall be deemed automatically exercised immediately before its
expiration. 
 (f) No grant of SARs may be accompanied by a tandem award of dividend equivalents or provide for dividends,
dividend equivalents or other distributions to be paid on such SARs (except as provided under Section 5(c)). 
 Section 8.
Restricted Stock. The Committee is authorized to grant Awards of Restricted Stock to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of
the Plan, as the Committee shall determine: 
 (a) The Award Agreement shall specify the vesting schedule. 

(b) Awards of Restricted Stock shall be subject to such restrictions as the Committee may impose, which restrictions may lapse
separately or in combination at such time or times, in such installments or otherwise, as the Committee may deem appropriate. 

(c) Subject to the restrictions set forth in the applicable Award Agreement, a Participant generally shall have the rights and
privileges of a shareholder with respect to Awards of Restricted Stock, including the right to vote such Shares of Restricted Stock and the right to receive dividends. 

(d) The Committee may, in its discretion, specify in the applicable Award Agreement that any or all dividends or other
distributions paid on Awards of Restricted Stock prior to vesting be paid either in cash or in additional Shares and either on a current or deferred basis and that such dividends or other distributions may be reinvested in additional Shares, which
may be subject to the same restrictions as the underlying Awards. 
 (e) Any Award of Restricted Stock may be evidenced in
such manner as the Committee may deem appropriate, including book-entry registration. 
 (f) The Committee may provide in an
Award Agreement that an Award of Restricted Stock is conditioned upon the Participant making or refraining from making an election with respect to the Award under Section 83(b) of the Code. If a Participant makes an election pursuant to
Section 83(b) of the Code with respect to an Award of Restricted Stock, such Participant shall be required to file promptly a copy of such election with the Company and the applicable Internal Revenue Service office. 

 Section 9. RSUs. The Committee is authorized to grant Awards of RSUs to
Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine: 

(a) The Award Agreement shall specify the vesting schedule and the delivery schedule (which may include deferred delivery
later than the vesting date). 
 (b) Awards of RSUs shall be subject to such restrictions as the Committee may impose, which
restrictions may lapse separately or in combination at such time or times, in such installments or otherwise, as the Committee may deem appropriate. 

(c) An RSU shall not convey to a Participant the rights and privileges of a shareholder with respect to the Share subject to
such RSU, such as the right to vote or the right to receive dividends, unless and until and to the extent a Share is issued to such Participant to settle such RSU. 

(d) The Committee may, in its discretion, specify in the applicable Award Agreement that any or all dividend equivalents or
other distributions paid on Awards of RSUs prior to vesting or settlement, as applicable, be paid either in cash or in additional Shares and either on a current or deferred basis and that such dividend equivalents or other distributions may be
reinvested in additional Shares, which may be subject to the same restrictions as such Awards. 
 (e) Shares delivered upon
the vesting and settlement of an RSU Award may be evidenced in such manner as the Committee may deem appropriate, including book-entry registration. 

(f) The Committee may determine the form or forms (including cash, Shares, other Awards, other property or any combination
thereof) in which payment of the amount owing upon settlement of any RSU Award may be made. 
 Section 10. Performance Awards.
The Committee is authorized to grant Performance Awards to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall
determine: 
 (a) Performance Awards may be denominated as a cash amount, number of Shares or units or a combination thereof
and are Awards that may be earned upon achievement or satisfaction of performance conditions specified by the Committee. In addition, the Committee may specify that any other Award shall constitute a Performance Award by conditioning the grant to a
Participant or the right of a Participant to exercise the Award or have it settled, and the timing thereof, upon achievement or satisfaction of such performance conditions as may be specified by the Committee. The Committee may use such business
criteria and other measures of performance as it may deem appropriate in establishing any performance conditions. Subject to the terms of the Plan, the performance goals to be achieved during any Performance Period, the length of any Performance
Period, the amount of any Performance Award granted and the amount of any payment or transfer to be made pursuant to any Performance Award shall be determined by the Committee. 

 (b) Performance criteria may be measured on an absolute (e.g., plan
or budget) or relative basis, and may be established on a corporate-wide basis, with respect to one or more business units, divisions, Subsidiaries or business segments, or on an individual basis. If the Committee determines that a change in the
business, operations, corporate structure or capital structure of the Company, or the manner in which the Company conducts its business, or other events or circumstances render the performance objectives unsuitable, the Committee may modify the
performance objectives or the related minimum acceptable level of achievement, in whole or in part, as the Committee deems appropriate and equitable such that it does not provide any undue enrichment or harm. Performance measures may vary from
Performance Award to Performance Award and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative. The Committee shall have the power to impose such other restrictions on Awards subject to
this Section 10(b) as it may deem necessary or appropriate to ensure that such Awards satisfy all requirements of any applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations. 

(c) Settlement of Performance Awards shall be in cash, Shares, other Awards, other property, net settlement, or any
combination thereof, as determined in the discretion of the Committee. 
 (d) A Performance Award shall not convey to a
Participant the rights and privileges of a shareholder with respect to the Share subject to such Performance Award, such as the right to vote (except as relates to Restricted Stock) or the right to receive dividends, unless and until and to the
extent a Share is issued to such Participant to settle such Performance Award. The Committee, in its sole discretion, may provide that a Performance Award shall convey the right to receive dividend equivalents on the Shares subject to such
Performance Award with respect to any dividends declared during the period that such Performance Award is outstanding, in which case, such dividend equivalent rights shall accumulate and shall be paid in cash or Shares on the settlement date of the
Performance Award, subject to the Participant’s earning of the Shares with respect to which such dividend equivalents are paid upon achievement or satisfaction of performance conditions specified by the Committee. Shares delivered upon the
vesting and settlement of a Performance Award may be evidenced in such manner as the Committee may deem appropriate, including book-entry registration. For the avoidance of doubt, unless otherwise determined by the Committee, no dividend equivalent
rights shall be provided with respect to any Shares subject to Performance Awards that are not earned or otherwise do not vest or settle pursuant to their terms. 

(e) The Committee may, in its discretion, increase or reduce the amount of a settlement otherwise to be made in connection
with a Performance Award. 
 Section 11. Other Cash-Based Awards and Other Stock-Based Awards. The Committee is authorized,
subject to limitations under applicable law, to grant Other Cash-Based Awards (either independently or as an element of or supplement to any other Award under the Plan) and Other Stock-Based Awards. The Committee shall determine the terms and
conditions of such Awards. Shares delivered pursuant to an Award in the nature of a purchase right granted under this Section 11 shall be purchased for such consideration, and 

 
paid for at such times, by such methods and in such forms, including cash, Shares, other Awards, other property, net settlement, broker-assisted cashless exercise or any combination thereof, as
the Committee shall determine; provided that the purchase price therefor shall not be less than the Fair Market Value of such Shares on the date of grant of such right. 

Section 12. Effect of Termination of Service or a Change in Control on Awards. 

(a) The Committee may provide, by rule or regulation or in any applicable Award Agreement, or may determine in any
individual case, the circumstances in which, and the extent to which, an Award may be exercised, settled, vested, paid or forfeited in the event of a Participant’s Termination of Service prior to the end of a Performance Period or vesting,
exercise or settlement of such Award. 
 (b) Subject to the last sentence of Section 2(ll), the Committee may
determine, in its discretion, whether, and the extent to which, (i) an Award will vest during a leave of absence, (ii) a reduction in service level (for example, from full-time to part-time employment) will cause a reduction, or other
change, to an Award and (iii) a leave of absence or reduction in service will be deemed a Termination of Service. 

(c) In the event of a Change in Control, the Committee may, in its sole discretion, and on such terms and conditions as it
deems appropriate, take any one or more of the following actions with respect to any outstanding Award, which need not be uniform with respect to all Participants and/or Awards: 

(i) continuation or assumption of such Award by the Company (if it is the surviving corporation) or by the successor or
surviving entity or its parent; 
 (ii) substitution or replacement of such Award by the successor or surviving entity or
its parent with cash, securities, rights or other property to be paid or issued, as the case may be, by the successor or surviving entity (or a parent or subsidiary thereof), with substantially the same terms and value as such Award (including any
applicable performance targets or criteria with respect thereto); 
 (iii) acceleration of the vesting of such Award and the
lapse of any restrictions thereon and, in the case of an Option or SAR Award, acceleration of the right to exercise such Award during a specified period (and the termination of such Option or SAR Award without payment of any consideration therefor
to the extent such Award is not timely exercised), in each case, either (A) immediately prior to or as of the date of the Change in Control, (B) upon a Participant’s involuntary Termination of Service (including upon a termination of
the Participant’s employment by the Company (or a successor corporation or its parent) without Cause, by a Participant for “good reason” (as such term may be defined in the applicable Award Agreement and/or a Participant’s
Service Agreement) and/or due to a Participant’s death or Disability, as the case may be) on or within a specified period following the Change in Control or (C) upon the failure of the successor or surviving entity (or its parent) to
continue or assume such Award; 

 (iv) in the case of a Performance Award, determination of the level of
attainment of the applicable performance condition(s); and 
 (v) cancellation of such Award in consideration of a payment,
with the form, amount and timing of such payment determined by the Committee in its sole discretion, subject to the following: (A) such payment shall be made in cash, securities, rights and/or other property; (B) the amount of such payment
shall equal the value of such Award, as determined by the Committee in its sole discretion; provided that, in the case of an Option or SAR Award, if such value equals the Intrinsic Value of such Award, such value shall be deemed to be valid;
provided further that, if the Intrinsic Value of an Option or SAR Award is equal to or less than zero, the Committee may, in its sole discretion, provide for the cancellation of such Award without payment of any consideration therefor
(for the avoidance of doubt, in the event of a Change in Control, the Committee may, in its sole discretion, terminate any Option or SAR Awards for which the exercise or hurdle price is equal to or exceeds the per Share value of the consideration to
be paid in the Change in Control transaction without payment of consideration therefor); and (C) such payment shall be made promptly following such Change in Control or on a specified date or dates following such Change in Control;
provided that the timing of such payment shall comply with Section 409A of the Code. 
 Section 13. General Provisions
Applicable to Awards. 
 (a) Awards shall be granted for such cash or other consideration, if any, as the Committee
determines; provided that in no event shall Awards be issued for less than such minimal consideration as may be required by applicable law. 

(b) Awards may, in the discretion of the Committee, be granted either alone or in addition to or in tandem with any other
Award or any award granted under any other plan of the Company. Awards granted in addition to or in tandem with other Awards, or in addition to or in tandem with awards granted under any other plan of the Company, may be granted either at the same
time as or at a different time from the grant of such other Awards or awards. 
 (c) Subject to the terms of the Plan,
payments or transfers to be made by the Company upon the grant, exercise or settlement of an Award may be made in the form of cash, Shares, other Awards, other property, net settlement, or any combination thereof, as determined by the Committee in
its discretion at the time of grant, and may be made in a single payment or transfer, in installments or on a deferred basis, in each case in accordance with rules and procedures established by the Committee. Such rules and procedures may include
provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of dividend equivalents in respect of installment or deferred payments. 

 (d) Except as may be permitted by the Committee or as specifically provided
in an Award Agreement, (i) no Award and no right under any Award shall be assignable, alienable, saleable or transferable by a Participant other than by will or pursuant to Section 13(e) and (ii) during a Participant’s lifetime,
each Award, and each right under any Award, shall be exercisable only by such Participant or, if permissible under applicable law, by such Participant’s guardian or legal representative. The provisions of this Section 13(d) shall not apply
to any Award that has been fully exercised or settled, as the case may be, and shall not preclude forfeiture of an Award in accordance with the terms thereof. 

(e) A Participant may designate a Beneficiary or change a previous Beneficiary designation only at such times as prescribed by
the Committee, in its sole discretion, and only by using forms and following procedures approved or accepted by the Committee for that purpose. 

(f) All certificates, if any, for Shares and/or other securities delivered under the Plan pursuant to any Award or the
exercise or settlement thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other requirements of the Securities and Exchange Commission, any
stock market or exchange upon which such Shares or other securities are then quoted, traded or listed, and any applicable securities laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions. 
 (g) The Company will not be obligated to deliver any Shares under the Plan or remove
restrictions from Shares previously delivered under the Plan until (i) all Award conditions have been met or removed to the Committee’s satisfaction, (ii) as determined by the Committee, all other legal matters regarding the issuance
and delivery of such Shares have been satisfied, including any applicable securities laws, stock market or exchange rules and regulations or accounting or tax rules and regulations and (iii) the Participant has executed and delivered to the
Company such representations or agreements as the Committee deems necessary or appropriate to satisfy any applicable laws. The Company’s inability to obtain authority from any regulatory body having jurisdiction, which the Committee determines
is necessary to the lawful issuance and sale of any Shares, will relieve the Company of any liability for failing to issue or sell such Shares as to which such requisite authority has not been obtained. 

(h) The Committee may impose restrictions on any Award with respect to
non-competition, non-solicitation, confidentiality and other restrictive covenants, or requirements to comply with minimum share ownership requirements, as it deems
necessary or appropriate in its sole discretion, which such restrictions may be set forth in any applicable Award Agreement or otherwise. 

 Section 14. Amendments and Terminations. 

(a) Amendment or Termination of the Plan. Except to the extent prohibited by applicable law and unless otherwise
expressly provided in an Award Agreement or in the Plan, the Board may amend, alter, suspend, discontinue or terminate the Plan or any portion thereof at any time; provided, however, that no such amendment, alteration, suspension,
discontinuation or termination shall be made without (i) shareholder approval if such approval is required by applicable law or the rules of the stock market or exchange, if any, on which the Shares are principally quoted or traded or
(ii) subject to Section 5(c) and Section 12, the consent of the affected Participant, if such action would materially adversely affect the rights of such Participant under any outstanding Award, except (x) to the extent any such
amendment, alteration, suspension, discontinuance or termination is made to cause the Plan to comply with applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations or (y) to impose any
“clawback” or recoupment provisions on any Awards (including any amounts or benefits arising from such Awards) in accordance with Section 18. Notwithstanding anything to the contrary in the Plan, the Committee may amend the Plan, or
create sub-plans, in such manner as may be necessary or desirable to enable the Plan to achieve its stated purposes in any jurisdiction in a tax-efficient manner and in
compliance with local rules and regulations. 
 (b) Winding Up, Dissolution or Liquidation. In the event of the
winding up, dissolution or liquidation of the Company, each Award shall terminate immediately prior to the consummation of such action, unless otherwise determined by the Committee. 

(c) Terms of Awards. The Committee may waive any conditions or rights under, amend any terms of, or amend, alter,
suspend, discontinue or terminate any Award theretofore granted (including by substituting another Award of the same or a different type), prospectively or retroactively, without the consent of any relevant Participant or holder or Beneficiary of an
Award; provided, however, that, subject to Section 5(c) and Section 12, no such action shall materially adversely affect the rights of any affected Participant or holder or Beneficiary under any Award theretofore granted
under the Plan, except (x) to the extent any such action is made to cause the Plan or Award to comply with applicable law, stock market or exchange rules and regulations or accounting or tax rules and regulations, or (y) to impose any
“clawback” or recoupment provisions on any Awards (including any amounts or benefits arising from such Awards) in accordance with Section 18. The Committee shall be authorized to make adjustments in the terms and conditions of, and
the criteria included in, Awards in recognition of events (including the events described in Section 5(c)) affecting the Company, or the financial statements of the Company, or of changes in applicable laws, regulations or accounting
principles, whenever the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 

(d) No Repricing. Except as provided in Section 5(c), the Committee may not, without shareholder approval, seek to
effect any re-pricing of any previously granted “underwater” Option, SAR or similar Award by: (i) amending or modifying the terms of the Option, SAR or similar Award to lower the exercise price;
(ii) cancelling the underwater Option, SAR or similar Award and granting either (A) replacement Options, SARs or similar Awards having a lower exercise price or (B) Restricted Shares, RSUs, Performance Awards or Other Share-Based
Awards in exchange; or (iii) cancelling or repurchasing the underwater Options, SARs or similar Awards for cash or other securities. An Option, SAR or similar Award will be deemed to be “underwater” at any time when the Fair Market
Value of the Shares covered by such Award is less than the exercise price of the Award. 

 Section 15. Miscellaneous. 

(a) No Employee, Consultant, Non-Employee Director, Participant, or other Person shall
have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of employees, Participants or holders or Beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same
with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Company, in its sole discretion, maintains the right to make
available future grants under the Plan. 
 (b) The grant of an Award shall not be construed as giving a Participant the
right to be retained in the employ of, or to continue to provide services to, the Company or any Affiliate. Further, the Company or any applicable Affiliate may at any time dismiss a Participant, free from any liability, or any claim under the Plan,
unless otherwise expressly provided in the Plan or in any Award Agreement or in any other agreement binding on the parties. The receipt of any Award under the Plan is not intended to confer any rights on the receiving Participant except as set forth
in the applicable Award Agreement. 
 (c) In the event a Participant’s regular level of time commitment in the
performance of his or her services for the Company and any Affiliates is reduced (for example, and without limitation, if the Participant is an employee of the Company and the Employee has a change in status from a full-time employee to a part-time
employee (or serves as a Consultant or Director) or takes an extended leave of absence) after the date of grant of any Award to the Participant, the Board may determine, to the extent permitted by applicable law, to (i) make a corresponding
reduction in the number of shares or cash amount subject to any portion of such Award that is scheduled to vest or become payable after the date of such change in time commitment, and (ii) in lieu of or in combination with such a reduction,
extend the vesting or payment schedule applicable to such Award. In the event of any such reduction, the Participant will have no right with respect to any portion of the Award that is so reduced or extended. 

(d) As a condition to accepting an Award under the Plan, the Participant agrees to execute any additional documents or
instruments necessary or desirable, as determined in the Committee’s sole discretion, to carry out the purposes or intent of the Award, or facilitate compliance with securities and/or other regulatory requirements, in each case at the
Committee’s request. 

 (e) No payment pursuant to the Plan shall be taken into account in
determining any benefits under any severance, 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. 
 (f) Nothing contained in the Plan shall prevent the Company or any Affiliate from
adopting or continuing in effect other or additional compensation arrangements, including the grant of options and other stock-based awards, and such arrangements may be either generally applicable or applicable only in specific cases. 

(g) The Company shall be authorized to withhold from any Award granted or any payment due or transfer made under any Award or
under the Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other Awards, other property, net settlement, or any combination thereof) of applicable withholding taxes due in respect of an Award, its
exercise or settlement or any payment or transfer under such Award or under the Plan and to take such other action (including providing for elective payment of such amounts in cash or Shares by such Participant) as may be necessary to satisfy all
obligations for the payment of such taxes and, unless otherwise determined by the Committee in its discretion, to the extent such withholding would not result in liability classification of such Award (or any portion thereof) pursuant to FASB ASC
Subtopic 718-10. As a condition to accepting an Award under the Plan, in the event that the amount of the Company’s and/or its Affiliate’s withholding obligation in connection with such Award was
greater than the amount actually withheld by the Company and/or its Affiliates, each Participant agrees to indemnify and hold the Company and/or its Affiliates harmless from any failure by the Company and/or its Affiliates to withhold the proper
amount. 
 (h) If any provision of the Plan or any Award Agreement is or becomes or is deemed to be invalid, illegal or
unenforceable in any jurisdiction, or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it
cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award Agreement, such provision shall be stricken as to such jurisdiction, Person or Award, and the remainder
of the Plan and any such Award Agreement shall remain in full force and effect. 
 (i) Neither the Plan nor any Award shall
create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company pursuant
to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company. 
 (j) Any
reference herein or in an Award Agreement to a “written” agreement or document will include any agreement or document delivered electronically, filed publicly at www.sec.gov (or any successor website thereto) or posted on the
Company’s intranet (or other shared electronic medium controlled by the Company to which the Participant has access). By accepting any Award the Participant consents to receive documents by electronic delivery and to participate in the Plan
through any on-line electronic system established and maintained by the Committee’s or another third party selected by the Committee. The form of delivery of any Shares (e.g., a stock certificate or
electronic entry evidencing such shares) shall be determined by the Company. 

 (k) No fractional Shares shall be issued or delivered pursuant to the Plan
or any Award, and the Committee shall determine whether cash or other securities shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights thereto shall be canceled, terminated or otherwise
eliminated. 
 (l) Awards may be granted to Participants who are non-United States
nationals or employed or providing services outside the United States, or both, on such terms and conditions different from those applicable to Awards to Participants who are employed or providing services in the United States as may, in the
judgment of the Committee, be necessary or desirable to recognize differences in local law, tax policy or custom. The Committee also may impose conditions on the exercise or vesting of Awards in order to minimize the Company’s obligation with
respect to tax equalization for Participants on assignments outside their home country. 
 Section 16. Effective Date of the Plan.
The Plan shall be effective as of the Effective Date. 
 Section 17. Term of the Plan. No Award shall be granted under the
Plan after the earliest to occur of (i) the 10-year anniversary of the date on which the Plan was adopted by the Board; (ii) the maximum number of Shares available for issuance under the Plan have
been issued; or (iii) the Board terminates the Plan in accordance with Section 14(a). However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond such date,
and the authority of the Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date.

 Section 18. Cancellation or “Clawback” of Awards. 

(a) The Committee may specify in an Award Agreement that a Participant’s rights, payments and benefits with respect to an
Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include a Termination
of Service with or without Cause (and, in the case of any Cause that is resulting from an indictment or other non-final determination, the Committee may provide for such Award to be held in escrow or abeyance
until a final resolution of the matters related to such event occurs, at which time the Award shall either be reduced, cancelled or forfeited (as provided in such Award Agreement) or remain in effect, depending on the outcome), violation of material
policies, breach of non-competition, non-solicitation, confidentiality or other restrictive covenants, or requirements to comply with minimum share ownership
requirements, that may apply to the Participant, or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its Affiliates. 

 (b) The Committee shall have full authority to implement any policies and
procedures necessary to comply with Section 10D of the Exchange Act and any rules promulgated thereunder and any other regulatory regimes. Notwithstanding anything to the contrary contained herein, any Awards granted under the Plan (including
any amounts or benefits arising from such Awards) shall be subject to any clawback or recoupment arrangements or policies the Company has in place from time to time and the Committee may, to the extent permitted by applicable law and stock exchange
rules or by any applicable Company policy or arrangement, and shall, to the extent required, cancel or require reimbursement of any Awards granted to the Participant or any Shares issued or cash received upon vesting, exercise or settlement of any
such Awards or sale of Shares underlying such Awards. 
 Section 19. Section 409A of the Code. With respect
to Awards subject to Section 409A of the Code, the Plan is intended to comply with the requirements of Section 409A of the Code, and the provisions of the Plan and any Award Agreement shall be interpreted in a manner that satisfies the
requirements of Section 409A of the Code, and the Plan shall be operated accordingly. If any provision of the Plan or any term or condition of any Award would otherwise frustrate or conflict with this intent, the provision, term or condition
shall be interpreted and deemed amended so as to avoid this conflict. Notwithstanding anything in the Plan to the contrary, if the Board considers a Participant to be a “specified employee” under Section 409A of the Code at the time
of such Participant’s “separation from service” (as defined in Section 409A of the Code), and any amount hereunder is “deferred compensation” subject to Section 409A of the Code, any distribution of such amount
that otherwise would be made to such Participant with respect to an Award as a result of such “separation from service” shall not be made until the date that is six months after such “separation from service,” except to the
extent that earlier distribution would not result in such Participant’s incurring interest or additional tax under Section 409A of the Code. If an Award includes a “series of installment payments” (within the meaning of Section 1.409A-2(b)(2)(iii) of the Treasury Regulations), a Participant’s right to such series of installment payments shall be treated as a right to a series of separate payments and not as a right to a
single payment, and if an Award includes “dividend equivalents” (within the meaning of Section 1.409A-3(e) of the Treasury Regulations), a Participant’s right to such dividend equivalents
shall be treated separately from the right to other amounts under the Award. Notwithstanding the foregoing, the tax treatment of the benefits provided under the Plan or any Award Agreement is not warranted or guaranteed, and in no event shall the
Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by a Participant on account of non-compliance with Section 409A of the Code. 

Section 20. Successors and Assigns. The terms of the Plan shall be binding upon and inure to the benefit of the Company and any
successor entity, including any successor entity contemplated by Section 12(c). 

 Section 21. Data Protection. In connection with the Plan, the Company may need
to process personal data provided by the Participant to the Company or its Affiliates, third party service providers or others acting on the Company’s behalf. Examples of such personal data may include, without limitation, the
Participant’s name, account information, social security number, tax number and contact information. The Company may process such personal data in its legitimate business interests for all purposes relating to the operation and performance of
the Plan, including but not limited to: 
 (a) administering and maintaining Participant records; 

(b) providing the services described in the Plan; 

(c) providing information to future purchasers or merger partners of the Company or any Affiliate, or the business in which
such Participant works; and 
 (d) responding to public authorities, court orders and legal investigations, as applicable.

 The Company may share the Participant’s personal data with (i) Affiliates, (ii) trustees of any employee
benefit trust, (iii) registrars, (iv) brokers, (v) third party administrators of the Plan, (vi) third party service providers acting on the Company’s behalf to provide the services described above or (vii) regulators and
others, as required by law. 
 If necessary, the Company may transfer the Participant’s personal data to any of the
parties mentioned above in a country or territory that may not provide the same protection for the information as the Participant’s home country. Any transfer of the Participant’s personal data to recipients in a third country will be made
subject to appropriate safeguards or applicable derogations provided for under applicable law. Further information on those safeguards or derogations can be obtained through the contact set forth in the Employee Privacy Notice (the “Employee
Privacy Notice”) that previously has been provided by the Company or its applicable Affiliate to the Participant. The terms set forth in this Section 21 are supplementary to the terms set forth in the Employee Privacy Notice (which, among
other things, further describes the rights of the Participant with respect to the Participant’s personal data); provided that, in the event of any conflict between the terms of this Section 21 and the terms of the Employee Privacy Notice,
the terms of this Section 21 shall govern and control in relation to the Plan and any personal data of the Participant to the extent collected in connection therewith. 

The Company will keep personal data collected in connection with the Plan for as long as necessary to operate the Plan or as
necessary to comply with any legal or regulatory requirements. 
 A Participant has a right to (i) request access to
and rectification or erasure of the personal data provided, (ii) request the restriction of the processing of his or her personal data, (iii) object to the processing of his or her personal data, (iv) receive the personal data
provided to the Company and transmit such data to another party, and (v) to lodge a complaint with a supervisory authority. 

 Section 22. Governing Law. The Plan and each Award Agreement shall be governed
by the laws of the State of Delaware, without application of the conflicts of law principles thereof.EX-10.12

 Exhibit 10.12 

PROKIDNEY CORP. EMPLOYEE STOCK PURCHASE PLAN 

Section 1. Purpose. This ProKidney Corp. Employee Stock Purchase Plan (the “Plan”) is intended to provide
employees of the Company and its Participating Subsidiaries with an opportunity to acquire a proprietary interest in the Company through the purchase of Shares. Initially, the Plan is not intended to qualify as an “employee stock purchase
plan” under Section 423 of the Code. From and after such date as the Committee, in its discretion, determines that the Plan is able to satisfy the requirements under Section 423 of the Code and that it will operate the Plan in
accordance with such requirements (such date, the “Section 423 Effective Date”), the Plan is intended to qualify as an “employee stock purchase plan” under Section 423 of the Code and the
Plan shall be interpreted in a manner that is consistent with that intent. Except as specifically provided under Section 4, and unless the Plan is amended pursuant to Section 18(i), the operative terms of the Plan as in effect on the
Effective Date will remain the same on and after the Section 423 Effective Date. 
 Section 2. Definitions. 

(a) “Articles” means the amended and restated articles and memorandum of association of the Company, as may be amended and/or
restated from time to time. 
 (b) “Board” means the Board of Directors of the Company. 

(c) “Business Combination Agreement” means that certain Business Combination Agreement, dated as of January 18, 2022,
made and entered into by and between Social Capital Suvretta Holdings Corp. III, a Cayman Islands exempted company limited by shares, and ProKidney LP, a limited partnership organized under the laws of Ireland, acting through its general partner
ProKidney GP Limited, a private limited company incorporated under the laws of Ireland. 
 (d) “Code” means the Internal
Revenue Code of 1986, as amended from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Code shall include any successor provision thereto. 

(e) “Committee” means the Compensation Committee of the Board, unless another committee is designated by the Board. If there
is no compensation committee of the Board and the Board does not designate another committee, references herein to the “Committee” shall refer to the Board. 

(f) “Company” means ProKidney Corp., a Cayman Islands exempted company limited by shares, including any successor thereto.

 (g) “Compensation” means, unless otherwise determined by the Committee
prior to the commencement of an Offering, the base salary, wages, annual cash bonuses and commissions paid to an Eligible Employee by the Company or a Participating Subsidiary as compensation for
services to the Company or Participating Subsidiary, before deduction for any salary deferral contributions made by the Eligible Employee to any tax-qualified or nonqualified deferred compensation plan. 

(h) “Corporate Transaction” means a merger, consolidation, acquisition of property or stock, separation, reorganization or
other corporate event described in Section 424 of the Code. 
 (i) “Designated Broker” means the financial services
firm or other agent designated by the Company to maintain ESPP Share Accounts on behalf of Participants who have purchased Shares under the Plan. 

(j) “Effective Date” means the latest of (i) the date on which the Plan is adopted by the Board and approved by the
shareholders of the Company, (ii) July 11, 2022 and (iii) a date to be determined by the Committee. 
 (k) “Eligible
Employee” means an Employee who is customarily employed for at least twenty (20) hours per week and more than five (5) months in any calendar year. Notwithstanding the foregoing, the Committee (i) may exclude from
participation in the Plan or any Offering any Employees who are “highly compensated employees” or a sub-set of such “highly compensated employees” (within the meaning of Section 414(q)
of the Code) or who otherwise may be excluded from participation pursuant to Treasury Regulation Section 1.423-2(e) and (ii) shall exclude any Employees located outside of the United States to the
extent permitted under Section 423 of the Code. 
 (l) “Employee” means any person who renders services to the Company
or a Participating Subsidiary as an employee pursuant to an employment relationship with such employer. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on military leave, sick leave
or other leave of absence approved by the Company or a Participating Subsidiary that meets the requirements of Treasury Regulation Section 1.421-1(h)(2). Where the period of leave exceeds three
(3) months, and the individual’s right to reemployment is not provided by statute or contract, the employment relationship shall be deemed to have terminated on the first day immediately following such three-month period. 

(m) “Enrollment Form” means an agreement pursuant to which an Eligible Employee may elect to enroll in the Plan, to authorize
a new level of payroll deductions, or to stop payroll deductions and withdraw from an Offering. 
 (n) “ESPP Share Account”
means an account into which Shares purchased with accumulated payroll deductions at the end of an Offering Period are deposited on behalf of a Participant. 

 (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended
from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Exchange Act shall include any successor provision thereto. 

(p) “Fair Market Value” means, as of any date, the closing price of a Share on the applicable date of determination (or, if
there is no reported sale on such date, on the last preceding date on which any reported sale occurred), on the principal stock market or exchange on which Shares are quoted or traded, or if Shares are not so quoted or traded, the fair market value
of a Share as determined by the Committee, which such determination shall be conclusive and binding on all persons. 
 (q)
“Fully-Diluted Basis” means all Shares outstanding on the applicable date of determination, which shall include Shares into which New Company Common Units may be exchanged pursuant to the Exchange Agreement (as such terms are
defined in the Business Combination Agreement), but before giving effect to the number of Shares reserved for issuance or issued under this Plan and the Company’s 2022 Incentive Equity Plan and excluding all Earnout Shares and all Earnout
Company Units (as such terms are defined in the Business Combination Agreement) on the applicable date of determination. 
 (r)
“Offering Date” means the first Trading Day of each Offering Period as designated by the Committee. 
 (s)
“Offering” or “Offering Period” means the period described in Section 5. 
 (t)
“Offering Period Limit” has the meaning set forth in Section 8. 
 (u) “Participant” means an
Eligible Employee who is actively participating in the Plan. 
 (v) “Participating Subsidiaries” means the Subsidiaries
that have been designated by the Committee as eligible to participate in the Plan, and such other Subsidiaries that may be designated by the Committee from time to time in its sole discretion. 

(w) “Plan” means this ProKidney Corp. Employee Stock Purchase Plan, as set forth herein, and as amended from time to time.

 (x) “Purchase Date” means the last Trading Day of each Offering Period. 

(y) “Purchase Price” means an amount equal to the lesser of (i) eighty-five percent (85%) (or such greater percentage as
designated by the Committee) of the Fair Market Value of a Share on the Offering Date or (ii) eight-five (85%) (or such greater percentage as designated by the Committee) of the Fair Market Value of a Share on the Purchase Date; provided
that the Purchase Price per Share will in no event be less than the par value of the Shares. 

 (z) “Securities Act” means the Securities Act of 1933, as amended from time
to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Securities Act includes any successor provision thereto. 

(aa) “Share” means a Class A ordinary share, $0.0001 par value, in the capital of the Company. 

(bb) “Subsidiary” means (i) on and after the Section 423 Effective Date, any corporation, domestic or foreign, in
an unbroken chain of corporations beginning with the Company of which at the time of the granting of an option pursuant to Section 7, not less than 50% of the total combined voting power of all classes of stock are held by the Company or a
Subsidiary, whether or not such corporation exists now or is hereafter organized or acquired by the Company or a Subsidiary; provided, however, that a limited liability company or partnership may be treated as a Subsidiary to the extent
either (a) such entity is treated as a disregarded entity under Treasury Regulation Section 301.7701-3(a) by reason of the Company or any other Subsidiary that is a corporation being the sole owner
of such entity or, (b) such entity elects to be classified as a corporation under Treasury Regulation Section 301.7701-3(a) and such entity would otherwise qualify as a Subsidiary; or (ii) prior
to the Section 423 Effective Date, in addition to the entities in clause (i), “Subsidiary” shall also include any entity that, directly or indirectly, is controlled by, controls or is under common control with the Company but shall
not include any entity for which the Committee or the Board has excluded its employees from participation in this Plan. 
 (cc)
“Trading Day” means any day on which the national stock exchange upon which the Shares are listed is open for trading. 

Section 3. Administration. 

(a) Administration of Plan. The Plan shall be administered by the Committee which shall have the authority to construe and interpret
the Plan, prescribe, amend and rescind rules relating to the Plan’s administration and take any other actions necessary or desirable for the administration of the Plan including, without limitation, adopting sub-plans applicable to particular
Participating Subsidiaries or locations, which sub-plans may be designed to be outside the scope of Section 423 of the Code. The Committee may correct any defect or supply any omission or reconcile any inconsistency or ambiguity in the Plan.
The decisions of the Committee shall be final and binding on all persons. All expenses of administering the Plan shall be borne by the Company. Notwithstanding anything in the Plan to the contrary and without limiting the generality of the
foregoing, the Committee shall have the authority to change the minimum and maximum amounts of Compensation for payroll deductions pursuant to Section 6(a), the frequency with which a Participant may elect to change their rate of payroll
deductions pursuant to Section 6(b), the dates by which a Participant is required to submit an Enrollment Form pursuant to Section 6(b) and Section 10(a), and the effective date of a Participant’s withdrawal due to termination of
employment or change in status pursuant to Section 11, and the withholding procedures pursuant to Section 18(l). 

 (b) Delegation of Authority. To the extent permitted by applicable law, including
under the Companies Act (as amended) of the Cayman Islands, and the Articles, the Committee may delegate to (i) one or more officers of the Company some or all of its authority under the Plan and (ii) one or more committees of the Board
some or all of its authority under the Plan. 
 Section 4. Eligibility. In order to participate in an Offering, an
Eligible Employee must deliver a completed Enrollment Form to the Company at least five (5) business days prior to the Offering Date (unless a different time is set by the Company for all Eligible Employees with respect to such Offering) and
must elect their payroll deduction rate as described in Section 6. Notwithstanding any provision of the Plan to the contrary, no Eligible Employee shall be granted an option under the Plan if (i) immediately after the grant of the option,
such Eligible Employee (or any other person whose stock would be attributed to such Eligible Employee pursuant to Section 424(d) of the Code) would own stock of the Company or hold outstanding options to purchase stock of the Company possessing
5% or more of the total combined voting power or value of all classes of stock of the Company or any Subsidiary or (ii) such option would permit such Eligible Employee’s rights to purchase stock under all employee stock purchase plans
(described in Section 423 of the Code) of the Company and its Subsidiaries to accrue at a rate that exceeds $25,000 of the Fair Market Value of such stock (determined at the time the option is granted) for each calendar year in which such
option is outstanding at any time, in accordance with the provisions of Section 423(b)(8) of the Code. 
 Section 5.
Offering Periods. The Plan shall be implemented by a series of Offering Periods, each of which shall be six (6) months in duration. The Committee shall have, prior to the
commencement of a particular Offering Period, the authority to determine or change the duration, frequency, start and end dates of Offering Periods (subject to a maximum Offering Period of twenty-seven (27) months). 

Section 6. Participation. 

(a) Enrollment; Payroll Deductions. An Eligible Employee may elect to participate in the Plan by properly completing an Enrollment
Form, which may be electronic, and submitting it to the Company, in accordance with the enrollment procedures established by the Committee. Participation in the Plan is entirely voluntary. By submitting an Enrollment Form, the Eligible Employee
authorizes payroll deductions from their paycheck in an amount equal to at least one percent (1%), but not more than ten percent (10%) of their Compensation on each payday occurring during an Offering Period (or such other maximum percentage as the
Committee may establish from time to time before an Offering Period begins). Payroll deductions shall commence as soon as administratively practicable following the Offering Date and end on the latest practicable payroll date on or before the
Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted by the
Committee, a Participant may not make any separate contributions or payments to the Plan. 

 (b) Election Changes. During an Offering Period, a Participant may decrease (but not
increase) their rate of payroll deductions applicable to such Offering Period only once. To make such a change, the Participant must submit a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen (15) days before
the Purchase Date. A Participant may decrease or increase their rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at least fifteen days before the start of the
next Offering Period. 
 (c) Automatic Re-enrollment. The deduction rate selected in the
Enrollment Form shall remain in effect for subsequent Offering Periods unless the Participant (i) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with Section 6(b), (ii) withdraws from the Plan in
accordance with Section 10, or (iii) terminates employment or otherwise becomes ineligible to participate in the Plan. 

Section 7. Grant of Option. On each Offering Date, each Participant in the applicable Offering Period shall be granted an option
to purchase, on the Purchase Date, a number of Shares determined by dividing the Participant’s accumulated payroll deductions by the applicable Purchase Price; provided, that in no event shall any Participant purchase more than 12,500
Shares during an Offering Period (subject to adjustment in accordance with Section 17 and the limitations set forth in Section 4 and Section 13 of the Plan) (the “Offering Period Limit”). 

Section 8. Exercise of Option/Purchase of Shares. A Participant’s option to purchase Shares will be exercised
automatically on the Purchase Date of each Offering Period. The Participant’s accumulated payroll deductions will be used to purchase the maximum number of whole Shares that can be purchased with the amounts in the Participant’s notional
account, subject to the Offering Period Limit and the limitations set forth in Section 4 and Section 13 of the Plan. No fractional Shares may be purchased, and any contributions unused in a given Offering Period due to being less than the
cost of a Share will be carried forward to the next Offering Period, subject to earlier withdrawal by the Participant in accordance with Section 10 or termination of employment or change in employment status in accordance with Section 11.
Any such contributions not carried forward to the next Offering Period in accordance with the prior sentence shall be promptly refunded to the Participant. During a Participant’s lifetime, the Participant’s option to purchase Shares under
the Plan is exercisable only by the Participant. 
 Section 9. Transfer of Shares. As soon as administratively practicable, but
in no event later than thirty (30) days, after each Purchase Date, the Company will arrange for the delivery to each Participant of the Shares purchased upon exercise of the Participant’s option. The Committee may permit or require that
the Shares be deposited directly into an ESPP Share Account established in the name of the Participant with a Designated Broker and may require that the Shares be retained with such Designated Broker for a specified period of time. Participants will
not have any voting, dividend or other rights of a shareholder with respect to the Shares subject to any option granted under the Plan until such Shares have been delivered pursuant to this Section 9. 

 Section 10. Withdrawal. 

(a) Withdrawal Procedure. A Participant may withdraw from an Offering by submitting to the Company a revised Enrollment Form indicating
their election to withdraw at least fifteen (15) days before the Purchase Date. The accumulated payroll deductions held on behalf of a Participant in their notional account shall be paid to the Participant promptly following receipt of the
Participant’s Enrollment Form indicating their election to withdraw and the Participant’s option shall be automatically terminated. If a Participant withdraws from an Offering Period, no payroll deductions will be made during any
succeeding Offering Period, unless the Participant re-enrolls in accordance with Section 6(a) of the Plan. 

(b) Effect on Succeeding Offering Periods. A Participant’s election to withdraw from an Offering Period will not have any effect
upon the Participant’s eligibility to participate in succeeding Offering Periods that commence following the completion of the Offering Period from which the Participant withdraws. 

Section 11. Termination of Employment; Change in Employment Status. Notwithstanding Section 10, upon termination of a
Participant’s employment for any reason prior to the Purchase Date, including death, disability or retirement, or a change in the Participant’s employment status following which the Participant is no longer an Eligible Employee, the
Participant will be deemed to have withdrawn from an Offering in accordance with Section 10 and the payroll deductions in the Participant’s notional account shall be returned to the Participant, or in the case of the Participant’s
death, to the person(s) entitled to such amounts by will or the laws of descent and distribution, and the Participant’s option shall be automatically terminated. 

Section 12. Interest. No interest shall accrue on or be payable with respect to the payroll deductions of a Participant in the
Plan. 
 Section 13. Shares Reserved for Plan. 

(a) Number of Shares. The maximum number of Shares available for issuance under the Plan (the “Plan Share Limit”)
shall not exceed in the aggregate 5,287,800 Shares; provided, however, upon the “Closing” (as defined in the Business Combination Agreement) the Plan Share Limit shall be reduced automatically to equal 2% of outstanding
Shares on a Fully-Diluted Basis immediately following the Closing (for the avoidance of doubt, after giving effect to any Share redemptions in connection with the Closing), subject to the Articles and any adjustment as provided in Section 17.
The Shares may be newly issued Shares, treasury Shares or Shares acquired on the open market. The Plan Share Limit shall be increased on the first day of each Company fiscal year beginning on January 1, 2023 and ending on January 1, 2032
in an amount equal to the least of (i) 5,037,800 Shares, 

 
(ii) 1% of the aggregate number of Shares outstanding (on a Fully-Diluted Basis) on the last day of the immediately preceding fiscal year and (iii) such number of Shares as determined by the
Board in its discretion; provided that the maximum number of Shares that may be issued under the Plan in any event shall be 15,113,400 Shares (subject to the Articles and any adjustment in accordance with Section 17). If any purchase of
Shares pursuant to an option under the Plan is not consummated, the Shares not purchased under such option will again become available for issuance under the Plan. 

(b) Over-subscribed Offerings. If the Committee determines that, on a particular Purchase Date, the number of Shares with respect to
which options are to be exercised exceeds the number of Shares then available under the Plan, the Company shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as practicable and as the Committee
determines to be equitable. No option granted under the Plan shall permit a Participant to purchase Shares which, if added together with the total number of Shares purchased by all other Participants in such Offering would exceed the total number of
Shares remaining available under the Plan. 
 Section 14. Transferability. No payroll deductions credited to a Participant, nor
any rights with respect to the exercise of an option or any rights to receive Shares hereunder may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will or the laws of descent and distribution, or as provided in
Section 16) by the Participant. Any attempt to assign, transfer, pledge or otherwise dispose of such rights or amounts shall be without effect. 

Section 15. Application of Funds. All payroll deductions received or held by the Company under the Plan may be used by the Company
for any corporate purpose to the extent permitted by applicable law, and the Company shall not be required to segregate such payroll deductions or contributions. 

Section 16. Designation of Beneficiary. If permitted by the Committee, a Participant may file, on forms supplied by the Committee,
a written designation of beneficiary who, in the event of the Participant’s death, is to receive any Shares from the Participant’s ESPP Share Account or any payroll deduction amounts remaining in the Participant’s notional account.

 Section 17. Adjustments Upon Changes in Capitalization; Winding Up, Dissolution or Liquidation; Corporate Transactions. 

(a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, or other property),
recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other
securities of the Company, or other change in the Company’s structure affecting the Shares occurs, then in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, the
Committee will, in such manner as it deems equitable, adjust the number of Shares and class of Shares that may be delivered under the Plan, the Purchase Price per Share and the number of Shares covered by each outstanding option under the Plan, and
the numerical limits of Section 7 and Section 13. 

 (b) Winding Up, Dissolution or Liquidation. Unless otherwise determined by the
Committee, in the event of a proposed winding up, dissolution or liquidation of the Company, any Offering Period then in progress will be shortened by setting a new Purchase Date and the Offering Period will end immediately prior to the proposed,
winding up, dissolution or liquidation. The new Purchase Date will be before the date of the Company’s proposed winding up, dissolution or liquidation. Before the new Purchase Date, the Committee will provide each Participant with written
notice, which may be electronic, of the new Purchase Date and that the Participant’s option will be exercised automatically on such date, unless before such time, the Participant has withdrawn from the Offering in accordance with
Section 10 (or deemed to have withdrawn in accordance with Section 11). 
 (c) Corporate Transaction. In the event of a
Corporate Transaction, each outstanding option will be assumed or an equivalent option substituted by the successor corporation or a parent or Subsidiary of such successor corporation. If the successor corporation refuses to assume or substitute the
option, the Offering Period with respect to which the option relates will be shortened by setting a new Purchase Date on which the Offering Period will end. The new Purchase Date will occur before the date of the Corporate Transaction. Prior to the
new Purchase Date, the Committee will provide each Participant with written notice, which may be electronic, of the new Purchase Date and that the Participant’s option will be exercised automatically on such date, unless before such date, the
Participant has withdrawn (or, pursuant to Section 11, been deemed to have withdrawn) from the Offering in accordance with Section 10. Notwithstanding the foregoing, in the event of a Corporate Transaction, the Committee may also elect to
terminate all outstanding Offering Periods in accordance with Section 18(i). 
 Section 18. General Provisions. 

(a) Equal Rights and Privileges. Notwithstanding any provision of the Plan to the contrary and in accordance with Section 423 of
the Code, all Eligible Employees who are granted options under the Plan shall have the same rights and privileges. 
 (b) No Right to
Continued Service. Neither the Plan nor any compensation paid hereunder will confer on any Participant the right to continue as an Employee or in any other capacity. 

(c) Rights as Shareholder. A Participant will become a shareholder with respect to the Shares that are purchased pursuant to options
granted under the Plan when the Shares are transferred to the Participant or, if applicable, to the Participant’s ESPP Share Account. A Participant will have no rights as a shareholder with respect to Shares for which an election to participate
in an Offering Period has been made until such Participant becomes a shareholder as provided herein. 

 (d) Successors and Assigns. The Plan shall be binding on the Company and its
successors and assigns. 
 (e) Entire Plan. This Plan constitutes the entire plan with respect to the subject matter hereof and
supersedes all prior plans with respect to the subject matter hereof. 
 (f) Compliance with Law. The obligations of the Company with
respect to payments under the Plan are subject to compliance with all applicable laws and regulations. Shares shall not be issued with respect to an option granted under the Plan unless the exercise of such option and the issuance and delivery of
the Shares pursuant thereto shall comply with all applicable provisions of law, including, without limitation, the Securities Act, the Exchange Act, and the requirements of any stock exchange upon which the Shares may then be listed. 

(g) Disqualifying Dispositions. On and after the Section 423 Effective Date, each Participant shall, if requested by the Company,
give the Company prompt written notice of any disposition or other transfer of Shares acquired pursuant to the exercise of an option acquired under the Plan, if such disposition or transfer is made within two years after the Offering Date or within
one year after the Purchase Date. 
 (h) Term of Plan. The Plan shall become effective on the Effective Date and shall continue in
effect until terminated pursuant to Section 18(i). 
 (i) Amendment or Termination. The Committee may, in its sole discretion,
amend, suspend or terminate the Plan at any time and for any reason. If the Plan is terminated, the Committee may elect to terminate all outstanding Offering Periods either immediately or once Shares have been purchased on the next Purchase Date or
permit Offering Periods to expire in accordance with their terms (and subject to any adjustment in accordance with Section 17). If any Offering Period is terminated before its scheduled expiration, all amounts that have not been used to
purchase Shares will be returned to Participants (without interest, except as otherwise required by law) as soon as administratively practicable. 

(j) Applicable Law. The laws of the State of Delaware shall govern all questions concerning the construction, validity and
interpretation of the Plan, without regard to such state’s conflict of law rules. 
 (k) Shareholder Approval. The Plan shall be
subject to approval by the shareholders of the Company within twelve (12) months before or after the date the Plan is adopted by the Board. 

 (l) Section 423. On and after the Section 423 Effective Date, the Plan is
intended to qualify as an “employee stock purchase plan” under Section 423 of the Code, and any provision of the Plan that is inconsistent with Section 423 of the Code shall be reformed to comply with Section 423 of the
Code. 
 (m) Section 409A; Limitation of Liability. Prior to the Section 423 Effective Date, the Plan and all options are
intended to be exempt from Section 409A of the Code as “short-term deferrals” within the meaning of Treasury Regulation §1.409A-1(b)(4), and on and after the Section 423 Effective
Date, as “statutory stock options” within the meaning of Treasury Regulation §1.409A-1(b)(5)(ii), and the Plan and the options will be interpreted and administered accordingly. Notwithstanding
anything to the contrary in the Plan, neither the Company nor the Committee, nor any person acting on behalf of the Company or the Committee, will be liable to any Participant or other person by reason of any acceleration of income, any additional
tax, or any other tax or liability asserted by reason of the failure of the Plan or any option to be exempt from or satisfy the requirements of Section 409A of the Code. 

(n) Withholding. To the extent required by applicable Federal, state or local law, a Participant must make arrangements satisfactory to
the Company for the payment of any withholding or similar tax obligations that arise in connection with the Plan. At any time, the Company or any Subsidiary may, but will not be obligated to, withhold from a Participant’s compensation the
amount necessary for the Company or any Subsidiary to meet applicable withholding obligations, including any withholding required to make available to the Company or any Subsidiary any tax deductions or benefits attributable to the sale or early
disposition of Shares by such Participant. In addition, the Company or any Subsidiary may, but will not be obligated to, withhold from the proceeds of the sale of Shares or any other method of withholding that the Company or any Subsidiary deems
appropriate to the extent permitted by, where applicable, Treasury Regulation Section 1.423-2(f). The Company will not be required to issue any Shares under the Plan until such obligations are satisfied.

 (o) Severability. If any provision of the Plan shall for any reason be held to be invalid or unenforceable, such invalidity or
unenforceability shall not affect any other provision hereof, and the Plan shall be construed as if such invalid or unenforceable provision were omitted. 

(p) Headings. The headings of sections herein are included solely for convenience and shall not affect the meaning of any of the
provisions of the Plan. 
 (q) Participating Subsidiaries. This Plan shall constitute the Employee Stock Purchase Plan of the Company
and each Participating Subsidiary. A Participating Subsidiary may withdraw from the Plan as of any Offering Date by giving written notice to the Board, which notice must be received by at least thirty (30) days prior to such Offering Date.

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