Document:

JGWPT HOLDINGS INC. 

2013 OMNIBUS INCENTIVE PLAN 

FORM OF STOCK OPTION
AGREEMENT

 

This Stock Option Agreement (this “Agreement”)
is made and entered into as of the date of grant set forth below (the “Date of Grant”) by and between JGWPT
Holdings Inc., a Delaware corporation (the “Company”), and the individual named below (the “Optionee”).
Capitalized terms not defined herein shall have the meaning ascribed to them in the JGWPT Holdings Inc. 2013 Omnibus Incentive
Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company.

 

	Name of Optionee:	___________________________	 
	 	 	 
	Shares Subject to Option:	______ shares of Company Stock	 
	 	 	 
	Exercise Price Per Share:	$_____	 
	 	 	 
	Date of Grant:	_________ __, 20__	 
	 	 	 
	Vesting
Dates	20% of the Option Shares on the 1st Anniversary of Date of Grant	 
	 	20%
of the Option Shares on the 2nd Anniversary of Date of Grant	 
	 	20%
of the Option Shares on the 3rd Anniversary of Date of Grant	 
	 	20%
of the Option Shares on the 4th Anniversary of Date of Grant	 
	 	20% of the Option Shares on the
5th Anniversary of Date of Grant	 

 

1.                 
Number of Shares. The Company hereby grants to the Optionee an option (the “Option”) to purchase
the total number of shares of Company Stock set forth above as Shares Subject to Option (the “Option Shares”)
at the Exercise Price Per Share set forth above (the “Exercise Price”), subject to all of the terms and conditions
of this Agreement and the Plan.

 

2.                 
Nonqualified Stock Option. The Option is intended to be a nonqualified stock option and is not intended to
qualify as an “incentive stock option” within the meaning of Section 422 of the Code.

 

3.                 
Incorporation of Plan. The Plan is hereby incorporated by reference and made a part hereof, and the Option and this
Agreement shall be subject to all of the terms and conditions of the Plan. In the event of any conflict between the provisions
of this Agreement and the provisions of the Plan, the provisions of the Plan shall govern.

 

4.                 
Option Term. The term of the Option and of this Agreement (the “Option Term”) shall commence on
the Date of Grant set forth above and, unless previously terminated pursuant to Section 7 of this Agreement, shall terminate upon
the Expiration Date set forth above. As of the Expiration Date (or such earlier date set forth in Section 7), all rights of the
Optionee hereunder shall terminate.

 

    	 

    	 

    

 

 

5.                 
Vesting. Except as set forth in Sections 7 or 8 hereof, (a) the Option shall become exercisable with respect to the
number of Option Shares specified on the Vesting Dates set forth above, and (b) once exercisable, shall continue to be exercisable
at any time or times prior to the Expiration Date (subject to applicable securities laws and Company policy).

 

6.                 
Exercise.

 

(a)In order to exercise the exercisable
portion of the Option, the Optionee (or in the case of exercise after the Optionee’s death or incapacity, the Optionee’s
executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed exercise agreement in a form
approved by the Company.

 

(b)The Exercise Price shall be payable
in full at the time of exercise either (i) in cash or by personal check, certified check, bank cashier’s check or wire transfer;
(ii) in shares of Company Stock owned by the Optionee and valued at their Fair Market Value on the effective date of such
exercise; (iii) in a broker assisted cashless exercise or net exercise; or (iv) by any such other method as the Administrator
may from time to time authorize in its sole discretion.

 

7.                 
Termination of Employment. Upon termination of the Optionee’s employment, the Option shall be treated as follows:

 

(a)If such termination of employment
is for any reason other than (i) Cause, (ii) death, (iii) disability or (iv) Retirement, the portion, if any, of the
Option that is outstanding and exercisable as of the date of such termination of employment shall remain exercisable for the 90
day period immediately following such termination of employment, but in no event following the Expiration Date, and any portion
of the Option that is not exercisable as of the date of such termination of employment shall be cancelled and forfeited at the
time of such termination of employment.

 

(b)If such termination of employment
is on account of the Optionee’s death, disability or Retirement, the portion, if any, of the Option that is outstanding and
exercisable as of the date of such termination of employment shall remain exercisable for the one year period immediately following
such termination of employment, but in no event following the Expiration Date, and any portion of the Option that is not exercisable
as of the date of such termination of employment shall be cancelled and forfeited at the time of such termination of employment.

 

(c)If such termination of employment
is for Cause, the Option (whether exercisable or not exercisable) shall be cancelled and forfeited at the commencement of business
on the date of such termination of employment.

 

8.                 
Change in Control. In the event of a Change in Control,
the Option shall be treated in accordance with Section 15 of the Plan.

 

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9.                 
Authority of the Administrator. The Administrator shall have full authority to
interpret and construe the terms of the Plan and this Agreement. The determination of the Administrator as to any such matter of
interpretation or construction shall be final, binding and conclusive.

 

10.             
Governing Law. This Agreement shall be construed and administered in accordance with the laws of the State of Delaware
without reference to its principles of conflicts of law.

 

11.             
Binding on Successors. The terms of this Agreement shall be binding upon the Optionee and upon the Optionee’s
heirs, executors, administrators, personal representatives, transferees, assignees and successors in interest, and upon the Company
and its successors and assignees.

 

12.             
Assignment and Transferability. Notwithstanding anything to the contrary in this Agreement, neither the Option,
this Agreement nor any rights granted herein shall be assignable or transferable by the Optionee, other than by will or the laws
of descent or distribution, or as otherwise determined by the Administrator for estate planning purposes.

 

13.             
Necessary Acts. The Optionee hereby agrees to perform all acts, and to execute and deliver any documents that
may be reasonably necessary to carry out the provisions of this Agreement, including but not limited to all acts and documents
related to compliance with federal and/or state securities and/or tax laws.

 

14.             
Entire Agreement. This Agreement and the Plan contain the entire agreement and understanding among the parties
as to the subject matter hereof, and supersede any other agreements or representations, oral or otherwise, express or implied,
with respect to the subject matter hereof.

 

15.             
Headings. Headings are used solely for the convenience of the parties and shall not be deemed to be a limitation
upon or descriptive of the contents of any such Section.

 

16.             
Counterparts; Electronic Signature. This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument. The Optionee’s
electronic signature of this Agreement shall have the same validity and effect as a signature affixed by the Optionee’s hand.

 

17.             
Withholding Taxes. As a condition to the exercise of all or any portion of the Option, the Optionee shall (a) remit
to the Company in cash an amount sufficient to satisfy any applicable withholding tax requirements related thereto or (b) make
other arrangements satisfactory to the Administrator for the payment of such taxes, including electing to have the Company withhold
from such delivery shares of Company Stock having a value equal to the minimum amount of tax required to be withheld.

 

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18.             
Notices. All notices and other communications under this Agreement shall be in writing and shall be given by first
class mail, certified or registered with return receipt requested, and shall be deemed to have been duly given three days after
mailing to the respective parties named below:

 

 

	 	If to the Company:	JGWPT Holdings Inc.
	 	 	201 King of Prussia Road
	 	 	Radnor, Pennsylvania 19087-5148
	 	 	Attention: __________
	 	 	 
	 	If to the Optionee:	At the address in
the Company’s payroll records.

 

Either party hereto may change such party’s
address for notices by notice duly given pursuant hereto.

 

19.             
Amendment. No amendment or modification hereof shall be valid unless it shall be in writing and signed by both of
the parties hereto.

 

20.             
Acceptance. The Optionee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Optionee has read
and understand the terms and provision thereof, and accepts the Option subject to all the terms and conditions of the Plan and
this Agreement.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties hereto have
executed and delivered this Agreement on the day and year first above written.

	 	JGWPT HOLDINGS INC.
	 	 	 
	 	By:	 	 
	 	 	 
	 	Name:	 	 
	 	 	 
	 	Title:		 
	 	 	 
	 	OPTIONEE
	 	 	 	 
	 	 	 
	 	

 

 

 

    	5JGWPT HOLDINGS INC. 

2013 OMNIBUS INCENTIVE PLAN 

FORM OF RESTRICTED STOCK
AGREEMENT

 

This Restricted Stock Agreement (this “Agreement”)
is made and entered into as of the date of grant set forth below (the “Date of Grant”) by and between JGWPT
Holdings Inc., a Delaware corporation (the “Company”), and the member of the Board of Directors of the Company
(the “Board”) named below (the “Grantee”). Capitalized terms not defined herein shall have
the meaning ascribed to them in the JGWPT Holdings Inc. 2013 Omnibus Incentive Plan (the “Plan”). Where the
context permits, references to the Company shall include any successor to the Company.

 

	Name of Grantee:	___________________________	 
	 	 	 
	Number of Restricted Shares:	______	 
	 	 	 
	Date of Grant	__________ __, 20__	 

 

1.                 
Number of Shares. The Company hereby grants to the Grantee the total number of restricted shares of Company Stock
set forth above as Number of Restricted Shares (the “Restricted Shares”), subject to all of the terms and conditions
of this Agreement and the Plan.

 

2.                 
Incorporation of Plan. The Plan is hereby incorporated by reference and made a part hereof, and the Restricted Shares
and this Agreement shall be subject to all of the terms and conditions of the Plan. In the event of any conflict between
the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan shall govern.

 

3.                 
Vesting.

 

(a)The Restricted Shares shall become
fully vested as of the earlier of (i) the first anniversary of the Date of Grant and (ii) the date of a Change in Control (as applicable,
the “Vesting Date”), in each case provided that the Grantee is still serving on the Board as of the Vesting
Date.

 

(b)If the
Grantee’s service on the Board terminates for any reason prior to the Vesting Date, the Restricted Shares shall be
immediately forfeited by the Grantee and transferred to, and reacquired by, the Company.

 

4.                 
Dividends. Any dividends or other distributions that are declared with respect to the shares of Company Stock
underlying the Restricted Shares between the Grant Date and the Vesting Date shall be paid to the Grantee on or as soon as practicable
following the Vesting Date, and shall not be paid to the Grantee in the event that the Restricted Shares do not become so vested.

 

5.                 
Authority of the Administrator. The Administrator shall have full authority to
interpret and construe the terms of the Plan and this Agreement. The determination of the Administrator as to any such matter of
interpretation or construction shall be final, binding and conclusive.

 

    	 

    	 

    

 

 

6.                 
Governing Law. This Agreement shall be construed and administered in accordance with the laws of the State of Delaware
without reference to its principles of conflicts of law.

 

7.                 
Binding on Successors. The terms of this Agreement shall be binding upon the Grantee and upon the Grantee’s
heirs, executors, administrators, personal representatives, transferees, assignees and successors in interest, and upon the Company
and its successors and assignees.

 

8.                 
Assignment and Transferability. Prior to the Vesting Date, the Restricted Shares may not be transferred, assigned
or otherwise disposed of, and no transfer of the Grantee’s rights with respect to the Restricted Shares, whether voluntary
or involuntary, by operation of law or otherwise, shall be permitted. Immediately upon any attempt to transfer such rights, such
Restricted Shares, and all of the rights related thereto, shall be forfeited by the Grantee.

 

9.                 
Legend on Certificates. The Grantee agrees that any certificate issued for Restricted Shares (or, if applicable,
any book entry statement issued for Restricted Shares) prior to the lapse of any outstanding restrictions relating thereto shall
bear the following legend (in addition to any other legend or legends required under applicable federal and state securities laws):

 

THE SHARES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO CERTAIN RESTRICTIONS UPON TRANSFER (THE “RESTRICTIONS”) AS SET FORTH IN THE JGWPT HOLDINGS INC.
2013 OMNIBUS INCENTIVE PLAN AND A RESTRICTED STOCK AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND JGWPT HOLDINGS INC.,
COPIES OF WHICH ARE ON FILE WITH THE SECRETARY OF THE COMPANY. ANY ATTEMPT TO DISPOSE OF THESE SHARES IN CONTRAVENTION OF THE RESTRICTIONS,
INCLUDING BY WAY OF SALE, ASSIGNMENT, TRANSFER, PLEDGE, HYPOTHECATION OR OTHERWISE, SHALL BE NULL AND VOID AND WITHOUT EFFECT AND
SHALL RESULT IN THE FORFEITURE OF SUCH SHARES AS PROVIDED BY SUCH PLAN AND AGREEMENT.

 

10.             
Securities Laws Requirements. The Company shall not be obligated to issue shares of Company Stock to the Grantee
free of the restrictive legend described in Section 9 hereof or of any other restrictive legend, if such transfer, in the opinion
of counsel for the Company, would violate the Securities Act (or any other federal or state statutes having similar requirements
as may be in effect at that time). The Company shall be under no obligation to register the Restricted Shares pursuant to the Securities
Act or any other federal or state securities laws.

 

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11.             
Necessary Acts. The Grantee hereby agrees to perform all acts, and to execute and deliver any documents that
may be reasonably necessary to carry out the provisions of this Agreement, including but not limited to all acts and documents
related to compliance with federal and/or state securities and/or tax laws.

 

12.             
Entire Agreement. This Agreement and the Plan contain the entire agreement and understanding among the parties
as to the subject matter hereof, and supersede any other agreements or representations, oral or otherwise, express or implied,
with respect to the subject matter hereof.

 

13.             
Headings. Headings are used solely for the convenience of the parties and shall not be deemed to be a limitation
upon or descriptive of the contents of any such Section.

 

14.             
Counterparts; Electronic Signature. This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument. The Grantee’s
electronic signature of this Agreement shall have the same validity and effect as a signature affixed by the Grantee’s hand.

 

15.             
Notices. All notices and other communications under this Agreement shall be in writing and shall be given by first
class mail, certified or registered with return receipt requested, and shall be deemed to have been duly given three days after
mailing to the respective parties named below:

 

	 	If to the Company:	JGWPT Holdings Inc.
	 	 	201 King of Prussia Road
	 	 	201 King of Prussia Road
	 	 	Radnor, Pennsylvania 19087-5148
	 	 	Attention: __________
	 	 	 
	 	If to the Grantee:	At the address in
the Company’s records.
	 	 	 

 

 

Either party hereto may change such party’s
address for notices by notice duly given pursuant hereto.

 

16.             
Amendment. No amendment or modification hereof shall be valid unless it shall be in writing and signed by both of
the parties hereto.

 

17.             
Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read
and understand the terms and provision thereof, and accepts the Restricted Shares subject to all the terms and conditions of the
Plan and this Agreement.

 

18.             
Taxes. The Grantee shall be solely responsible for the payment of any and all taxes that arise with respect to the
Restricted Shares. The Company will not be required to withhold any amounts in respect of such taxes.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties hereto have
executed and delivered this Agreement on the day and year first above written.

 

	 	JGWPT HOLDINGS INC.
	 	 	 
	 	By:	 	 
	 	 	 
	 	Name:	 	 
	 	 	 
	 	Title:		 
	 	 	 
	 	GRANTEE	 
	 	 	 	 
	 	 	 
	 	

 

 

 

 

 

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