Document:

EX-10.2

 Exhibit 10.2 

Dated 6 May 2019 
 BLACKBIRD
HOLDCO S.À R.L. 
 and 

SLAM INVESTCO S.À R.L. 

and 
 MPP PARTICIPANTS 

MANAGEMENT PARTICIPATION PROGRAM AGREEMENT 

Linklaters LLP 
 Taunusanlage 8 

60329 Frankfurt am Main 
 Postfach 17 01 11 

60075 Frankfurt am Main 
 Telephone (+49) 69 71003-0 
 Facsimile (+49) 69 71003-333 

Ref L-273538 

 This agreement pertaining to a management participation program (“Agreement”) is made on 6
May 2019, between: 
  

	(1)	 Blackbird HoldCo S.à r.l., a private limited liability company (société à
responsabilité limitée) duly incorporated, organised and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 12C, rue Guillaume Kroll, L-1882 Luxembourg,
Grand Duchy of Luxembourg and registered with the Luxembourg Register of Trade and Companies (R.C.S.) under registration number B227258 (“Investor”); 

 

	(2)	 Slam InvestCo S.à r.l., a private limited liability company (société à
responsabilité limitée) duly incorporated, organised and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 12C, rue Guillaume Kroll, L-1882 Luxembourg,
Grand Duchy of Luxembourg and registered with the Luxembourg Register of Trade and Companies (R.C.S.) under registration number B231434 (“MPP Co”); 

 

	(3)	 the persons as acceded hereto as a MPP Participant on or about the date of this agreement
(“Initial MPP Participants”); and 

  

	(4)	 such other persons as acceded hereto as a MPP Participant from time to time (“Further MPP
Participants”), 

 each a “Party” and together the “Parties”. 

PREAMBLE 
  

	A.	 The initial capital structure of MPP Co is set out in Annex 1. 

 

	B.	 The articles of incorporation of MPP Co as currently in force are attached as Annex 2.

  

	C.	 MPP Co shall initially acquire 21,910 non-voting participation
certificates (Partizipationsscheine) issued by Sportradar Holding AG, a company organised under the laws of Switzerland, having its registered office at c/o Sportradar AG, Feldlistrasse 2, CH- 9000 St. Gallen, being registered with the
Commercial Register of the Canton St. Gallen under number CHE-351.511.264 (“Sportradar Holding”) by entering into a Certificates Purchase Agreement substantially in the form attached as
Annex 3 to this Agreement. The acquisition of such non-voting participation certificates shall be financed by an investment by each of the MPP Participants into MPP Co. A part of the purchase price
under the Certificates Purchase Agreement will be paid upfront by MPP Co in cash being a total of (i) a EUR-equivalent of twenty-one thousand, nine hundred and ten
Swiss Francs (CHF 21,910) and (ii) seventeen million, two hundred and thirty-five thousand, three hundred and twenty- four Euro and thirty-four Eurocents (EUR 17,235,324.34). Payment of the remainder amount of the purchase price being
sixty-nine million, twenty thousand, eight hundred and eighty- one Euro and sixty-nine Eurocents (EUR 69,020,881.69) will be deferred pursuant to the terms of the Certificates Purchase Agreement. 

 

	D.	 The aggregate amounts of investments by the Investor and the Initial MPP Participants in MPP Co after
implementation of this Agreement are set out in Annex 4 hereto. 

  

	E.	 The Initial MPP Participants have, by entering into this Agreement, agreed to make an investment in MPP
Co and indirectly in Sportradar Holding by way of subscription for Ordinary Shares (including the payment of a share premium as shown in Annex 4 hereto). 

  
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	1	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 Definitions 

  

			
	“30% Rule”	  	has the meaning given to it in Annex 6;
		
	“Accelerated Issue”	  	has the meaning given to it in Section 6.4;
		
	“Acceptance Notice”	  	has the meaning given to it in Section 5.4.2;
		
	“Act”	  	means the Luxembourg law of 10 August 1915 on commercial companies, as amended from time to time;
		
	“Affiliate”	  	of a party means any legal entity (including a partnership) which is a (direct or indirect) more than 50% owned subsidiary of such party or otherwise controlled by such party;
		
	“Agreement”	  	means this agreement;
		
	“Approved Recapitalisation”	  	has the meaning given to it in Section 5.5;
		
	“Articles”	  	means the articles of association of MPP Co as existing from time to time with those currently in force attached at Annex 2;
		
	“Bad Leaver”	  	means any MPP Participant fulfilling a Bad Leaver Event;
		
	“Bad Leaver Event”	  	means any event in accordance with Section 7.1.1;
		
	“BCs”	  	means the beneficiary certificates of EUR 0.0001 each in MPP Co;
		
	“Blackbird Holdco”	  	means a company to be incorporated under the laws of Jersey at the direction of the Investor for the purpose of implementing the Entity Swap;
		
	“Board”	  	means the board of directors of the MPP Co from time to time;
		
	“Business Day”	  	means any calendar day on which banks are open for business in Luxembourg;
		
	“Call Notice”	  	has the meaning given to it in Section 7.2;
		
	“Call Option”	  	has the meaning given to it in in Section 7.1;
		
	“Catch-up Issue”	  	has the meaning given to it in Section 6.5;
		
	“Certificates Purchase Agreement”	  	means the certificates purchase agreement attached as Annex 3 to this Agreement;
		
	“Change of Control”	  	 means any of the following:
  

(a)   a (direct or indirect) sale – in one or more related transactions – of more than 50%
of the share capital of Sportradar Holding or Sportradar AG or any intermediate holding company (which, for the avoidance of doubt, includes the participation certificates (Partizipationsscheine) or equivalent instruments issued by the
respective company) to a Third Party Purchaser); or

  
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		  	 (b)   a listing or merger or any other event (including a Trade Sale) following
or as a result of which any person (or group of persons acting in concert) other than the Investor or CK, is or becomes the (direct or indirect) beneficial owner of more than 50% of the share capital of Sportradar Holding or Sportradar AG or any
intermediate holding company (which, for the avoidance of doubt, includes the participation certificates (Partizipationsscheine) or equivalent instruments issued by the respective company);

		
	“CK”	  	means Carsten Koerl of Steinweg 3c, 9052 Niederteufen, Switzerland;
		
	“Closing”	  	means 3 October 2018;
		
	“CPPIB”	  	means CPP Investment Board Europe S.à r.l., a private limited liability company (société à responsabilité limitée), incorporated and organised under the laws of the Grand Duchy of
Luxembourg, having its registered office at 10-12, boulevard Roosevelt, L-2450 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 111828;
		
	“CPPIB Entity”	  	has the meaning given to it in Annex 6;
		
	“Data Protection Laws”	  	has the meaning given to it in Section 18.1;
		
	“Deed of Undertaking”	  	a deed of undertaking substantially in the form as set out in Annex 5;
		
	“Defaulting Participant”	  	has the meaning given to it in Section 4.3.7;
		
	“Disposal” / “Disposed”	  	has the meaning given to it in Section 4.1;
		
	“Drag-Along Right”	  	has the meaning given to it in Section 5.4.1;
		
	“Eligible Purchaser”	  	 means each of:
  

(a)   Sportradar Holding or another Group Company;

 
 (b)   any person nominated by
the Remuneration Committee, which may include a new MPP Participant within the meaning of Section 3.1; and/or
  

(c)   any warehousing entity established by, or at the request of, the Investor for the purposes of
holding Shares in reserve, provided that any such warehousing entity shall be a Group Company;

		
	“Entity Swap”	  	means the acquisition by Blackbird Holdco of the entire investment held by the Investor in Sportradar Holding and the issue of securities by Blackbird Holdco to the shareholders and other securityholders of the Investor such that
their respective economic and legal ownership positions are equivalent to their economic and legal ownership positions in the Investor immediately prior to such issue and the subsequent liquidation of the
Investor;

  
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	“Exit”	  	means the completion of a Trade Sale resulting in a Change of Control, a Trade Sale by way of asset deal, or an IPO;
		
	“Fair Market Value”	  	means the value of the relevant Shares as determined by the Remuneration Committee and derived from the valuation prepared for the fund reporting purposes of CPPIB most recently prior to the Leaver Event, provided that no discount
shall be made for reason of illiquidity and minority holding and that the valuation is made in Euro. Absent manifest calculatory error, the Remuneration Committee’s determination shall be final and binding for the Eligible Purchaser and the MPP
Participant;
		
	“FTP”	  	has the meaning given to it in Annex 6;
		
	“Further MPP Participants”	  	has the meaning given to it in Parties Section (4);
		
	“GDPR”	  	has the meaning given to it in Section 18.1;
		
	“Good Leaver”	  	means any MPP Participant fulfilling a Good Leaver Event;
		
	“Good Leaver Event”	  	means any event in accordance with Section 7.1.3;
		
	“Group” / “Group Companies”	  	means Sportradar Holding and any Affiliate thereof;
		
	“Initial MPP Participants”	  	means the persons listed in Appendix A;
		
	“Intermediate Leaver”	  	means any MPP Participant fulfilling an Intermediate Leaver Event;
		
	“Intermediate Leaver Event”	  	means any event in accordance with Section 7.1.2;
		
	“Investment”	  	the amount subscribed or paid by a MPP Participant for Ordinary Shares (including the share premium) pursuant to this Agreement;
		
	“Investment Bank”	  	means the investment bank or group of investment banks carrying out the IPO pursuant to Section 5.3 on behalf of the relevant company;
		
	“Investment Vehicle”	  	means any: (i) 100% owned corporate body or company or (ii) trust, through or by which a MPP Participant invests in MPP Co;
		
	“Investor”	  	has the meaning given to it in Parties Section (1);
		
	“IPO”	  	means the listing of the shares of Sportradar Holding or any other Group Company holding directly or indirectly all or substantially all of the assets of the Group on a stock exchange or other authorised marketplace for public
trading in shares, provided that some of the shares listed in connection with such a listing are sold to one or more Third Party Purchasers;

  
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	“IPO Transfer”	  	has the meaning given to it in Section 5.3.4;
		
	“Issue Notice”	  	has the meaning given to it in Section 6.2;
		
	“Leaver”	  	means a MPP Participant who becomes (or is treated as) a Good Leaver, an Intermediate Leaver or a Bad Leaver;
		
	“Leaver Event”	  	has the meaning given to it in Section 7.1;
		
	“Leaver Notice”	  	has the meaning given to it in Section 7.1;
		
	“MPP Co”	  	has the meaning given to it in Parties Section (2);
		
	“MPP Issue”	  	has the meaning given to it in Section 6.3;
		
	“MPP Participants”	  	means Initial MPP Participants and any Further MPP Participants together (and shall in respect of any MPP Participant who invests through, or a makes a Disposal to, an Investment Vehicle, include such Investment Vehicle);
		
	“Qualifying SR Issue”	  	has the meaning given to it in Section 6.2;
		
	“Ordinary Shares”	  	means the Class B Ordinary Shares issued by MPP Co;
		
	“Other Investors”	  	has the meaning given to it in Section 14.1;
		
	“Party” / “Parties”	  	has the meaning given to it in Parties Section;
		
	“Preference Shares”	  	means the Class A Preferred Ordinary Shares issued by MPP Co;
		
	“Purchase Price”	  	has the meaning given to it in Section 7.4.1;
		
	“Recapitalisation”	  	 means:
  

(a)   any refinancing of the investment structure of the Investor, MPP Co or Sportradar Holding or
any other company holding shares in Sportradar Holding or the other Group Companies which leads to the distribution of profits or dividends or the repayment of loans to the Investor and/or MPP Co, or any other direct or indirect sale and transfer of
shares in Group Companies that does not result in a Trade Sale (it being understood that if such sale and transfer does result in a Trade Sale, then it will be an Exit) which results in a distribution of funds to the Investor and/or MPP Co or its
shareholders; and/or
  

(b)   any equity or debt injection into the Investor, MPP Co or Sportradar Holding without
refinancing of existing debt by shareholders or otherwise;

		
	“Recipients”	  	has the meaning given to it in Annex 7;

  
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	“Remuneration Committee”	  	 means a committee consisting of the following persons:
  

(a)   CK or a representative nominated by CK;

 
 (b)   the chairman of the board
of Sportradar Holding; and
  

(c)   a representative nominated by the Investor;

		
	“Sale Notice”	  	has the meaning given to it in Section 5.4.2;
		
	“Securities Act”	  	has the meaning given to it in Section 14.5.1;
		
	“SHA”	  	means the shareholders agreement in relation to Sportradar Holding dated 3 October 2018 as amended from time to time;
		
	“Shares”	  	means the Ordinary Shares and the Preference Shares together;
		
	“Sportradar Holding”	  	has the meaning given in Recital C;
		
	“SR Securities”	  	means the shares, participations certificates and other debt or debt-like securities issued to shareholders and all equity or equity-like securities issued or proposed to be issued by Sportradar Holding from time to time (but for
the avoidance of doubt excluding all debt or debt-like securities issued to third party finance providers);
		
	“Subscription Date”	  	means such date as is specified by the Investor provided that the Investor shall give reasonable notice of such date;
		
	“Tag-Along Offer”	  	has the meaning given to it in Section 5.4.2;
		
	“Tag-Along Right”	  	has the meaning given to it in Section 5.4.2;
		
	“TCV”	  	means TCV Luxco Sports S.à r.l., a private limited liability company (société à responsabilité limitée) duly incorporated, organised and existing under the laws of The Grand Duchy of
Luxembourg, having its registered office at 1, rue Hildegard von Bingen, L-1282 Luxembourg, Grand Duchy of Luxembourg under registration number B226793;
		
	“Third Party Purchaser”	  	means any company, legal entity, statutory body or private individual not directly or indirectly controlled by or under common control with Sportradar Holding, a shareholder of Sportradar Holding, CPPIB, MPP Co or any of their
Affiliates;
		
	“Trade Sale”	  	means selling and transferring (i) all SR Securities to a Third Party Purchaser or (ii) all (but not part of the) SR Securities held by either CK or the Investor to an Eligible Purchaser (as defined in the SHA) or
(iii) more than 50% of the share capital of Sportradar AG or any intermediate holding company (which, for the avoidance of doubt, includes the participation certificates (Partizipationsscheine) or equivalent instruments issued by the
respective company) in a share sale and/or (iii) all or 95% of the business of the Group via an asset deal to a Third Party Purchaser;

  
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	“Transfer Date”	  	has the meaning given to it in Section 7.3;
		
	“Transferee”	  	has the meaning given to it in Section 4.3;
		
	“Transfer of Title”	  	has the meaning given to it in Section 7.3; and
		
	“Ultimate Beneficiary”	  	has the meaning given to it in Section 4.4.

  

	1.2	 Singular, Plural, Gender 

References to one gender include all genders and references to the singular include the plural and vice versa. 

 

	1.3	 References to Persons and Companies 

References to: 
  

	 	1.3.1	 a person include any individual, company, partnership or unincorporated association (whether or not
having separate legal personality); 

	 	1.3.2	 a company include any company, corporation or body corporate, wherever incorporated;

  

	 	1.3.3	 directors, when referring to MPP Co or any other Luxembourg private limited liability company
(société à responsabilité limitée), shall be construed as a reference to that entity’s managers (gérants); and 

 

	 	1.3.4	 a board of directors of MPP Co or any other Luxembourg private limited liability company
(société à responsabilité limitée) shall be a reference to the board of managers (gérants) of such entity. 

 

	1.4	 References to Subsidiaries 

The word “subsidiary” shall have the same meaning in this Agreement as its respective definition in the Act. 

 

	1.5	 Annexes and Appendices 

The Appendix and the Annexes form part of this Agreement and shall have the same force and effect as if expressly set out in the body of this
Agreement. References to this Agreement shall include any Recitals and the Appendix and the Annexes to it and references to Sections and Appendices or Annexes are to Sections of, and Appendices or Annexes to, this Agreement. References to paragraphs
and Parts are to paragraphs and Parts of the Annexes. 
  

	1.6	 Headings 

Headings shall be ignored in interpreting this Agreement. 
  

	1.7	 Reference to Documents 

References to any document (including this Agreement), or to a provision in a document, shall be construed as a reference to such document or
provision as amended, supplemented, modified, restated or novated from time to time. 
  

	1.8	 Information 

References to books, records or other information mean books, records or other information in any form, including paper and electronically
stored data. 

  
 7 

	1.9	 Legal Terms 

References to any Luxembourg legal term shall, in respect of any jurisdiction other than Luxembourg, be construed as references to the term or
concept which most nearly corresponds to it in that jurisdiction. 
  

	1.10	 Non-limiting Effect of Words 

The words “including”, “include”, “in particular” and words of similar effect shall not be deemed to limit the
general effect of the words that precede them. 
  

	1.11	 Statutory References 

References to a statute or statutory provision include: 
  

	 	1.11.1	 that statute or provision as from time to time modified or
re-enacted whether before or (except as specifically provided otherwise) after the date of this Agreement; 

  

	 	1.11.2	 any past statute or statutory provision (as from time to time modified or
re-enacted) which such statute or statutory provision has, directly or indirectly, replaced; and 

  

	 	1.11.3	 any subordinate legislation made from time to time under that statute or statutory provision,

 except if and to the extent that any statute, statutory provision or subordinate legislation made or enacted after the
date of this Agreement would create or increase the liability of any Party under this Agreement. 
  

	1.12	 Obligations to Procure 

Unless otherwise expressly provided, an obligation on a Party to “procure” means, to the extent legally permissible, exercising such
Party’s voting rights and using any and all other powers vested in such Party from time to time as a shareholder of MPP Co and also includes, in the case of an MPP Participant who is a director (or equivalent) of a Group Company, to the extent
legally permissible, exercising such Participant’s voting rights in the capacity as a director (or equivalent) of the Group Company in question (subject to such Participant’s fiduciary duties in that capacity). 

 

	1.13	 Reasonable Endeavours 

Where the words “reasonable endeavours” are used in this Agreement in relation to the performance of any act by a Party, the words
shall not give rise to an obligation on the part of that Party to assume any material expenditure to achieve the same or require that Party to take such action which would be likely to have such a detrimental effect on the current or future
development of the business of that Party that it would be unreasonable to expect that Party to take it, and shall include the requirement to procure as defined in Section 1.12 above. 

 

	1.14	 Time and Date 

Any reference to a time or date shall be construed as a reference to the time or date prevailing in the Grand Duchy of Luxembourg. 

 

	1.15	 Meaning of “to the extent that” and Similar Expressions 

In this Agreement, “to the extent that” means “to the extent that” and not solely “if”, and similar expressions
shall be construed in the same way. 

  
 8 

	2	 THE INVESTMENT BY THE INITIAL MPP PARTICIPANTS 

 

	2.1	 The Initial MPP Participants shall invest in Sportradar Holding through MPP Co. The Initial MPP
Participants are entitled to an investment in MPP Co only upon (i) becoming a party to this Agreement and (ii) subscribing to Ordinary Shares in MPP Co. 

 

	2.2	 The number of Ordinary Shares which is allocated to each Initial MPP Participant (including the share
premium) is set forth next to the name of the Initial MPP Participant in Annex 4. MPP Co shall procure that an updated register substantially in the form as set out in Annex 4 is maintained to reflect the Investments made and held in
accordance with this Agreement from time to time. 

  

	2.3	 Initial MPP Participants shall pay their subscription price in relation to Ordinary Shares (including
share premium) as mentioned in Annex 4 (column “Total Investment EUR”) to the following bank account of MPP Co on or before the Subscription Date: 

Account Holder:            Slam InvestCo S.à r.l. 

Bank:                      
       ING 

SWIFT/BIC-Code:        CELLLULL 

IBAN:                      
      LU74 0141 9596 9860 0000 

Reference:                     
 Slam InvestCo S.à r.l. / Your Name, Surname 
 Each Initial MPP Participant shall also deliver, on or before the Subscription
Date, a Deed of Undertaking duly executed by it and, where the Initial MPP Participant invests through an Investment Vehicle (in accordance with Section 4.3), by such Investment Vehicle. 

 

	2.4	 If an Initial MPP Participant defaults in the delivery, execution or filing of any documents as
requested under this Agreement or in relation to the payment under Section 2.3 above or any other payment under this Agreement, in full or in part, MPP Co and/or the Investor may in their own discretion terminate that Initial MPP
Participant’s right to invest as described in this Agreement. The Initial MPP Participant shall not be entitled to acquire or subscribe for any or additional Shares in MPP Co and Section 8 shall apply. For the avoidance of doubt, this
Agreement and any other agreements between the Parties shall become effective or remain valid as the case may be without such defaulting Initial MPP Participant. All other rights arising from the default of the Initial MPP Participant shall remain
unaffected. 

  

	2.5	 MPP Co shall apply the amounts subscribed for pursuant to each Initial MPP Participant’s Investment
to acquire participation certificates (Partizipationsscheine) in Sportradar Holding in accordance with the Certificates Purchase Agreement. 

  

	3	 FURTHER MPP PARTICIPANTS 

 

	3.1	 With respect to Further MPP Participants it is intended that they shall, at the sole discretion of the
Remuneration Committee, but subject to Sections 4 and 5, as applicable, either (i) acquire Ordinary Shares from the Investor, a Leaver and/or an Eligible Purchaser or (ii) become a shareholder in MPP Co by way of an increase in its capital
and the issuance of new Ordinary Shares. If new Ordinary Shares are issued pursuant to the foregoing paragraph (ii), MPP Co shall use the proceeds of the relevant Further MPP Participants’ Investment relating to such new Ordinary Shares for the
subscription of additional participation certificates (Partizipationsscheine) in Sportradar Holding. 

  
 9 

	3.2	 Any and all provisions of this Agreement and all other agreements or documents relating thereto
including the Articles of MPP Co shall apply to Further MPP Participants, provided that the purchase or subscription price for the Shares issued to the Further MPP Participants shall be the Fair Market Value. To the extent any other agreements or
adjustments need to be made, the board of directors of MPP Co on the recommendation of the Remuneration Committee shall be entitled to take the relevant decisions in its sole discretion. 

 

	3.3	 Each MPP Participant hereby irrevocably authorises MPP Co and/or the Remuneration Committee to negotiate
the respective terms and conditions for the investment of Further MPP Participants and to agree with them on the accession to this Agreement, subject to (i) Sections 4 and 5 and (ii) other restrictions resulting from this Agreement. All
MPP Participants, the Investor and MPP Co hereby commit to allow Further MPP Participants to acquire or subscribe for Ordinary Shares in accordance with the terms and conditions negotiated by MPP Co and/or the Remuneration Committee in accordance
with this Agreement, including to vote their Shares as may be required to give effect to such acquisition or subscription of Ordinary Shares by Further MPP Participants (for the purposes of article 710-12 of
the Act or otherwise). 

  

	3.4	 Prior to any Ordinary Shares being issued or transferred to a Further MPP Participant, such Further MPP
Participant shall also deliver: 

  

	 	3.4.1	 an accession document to this Agreement in a form reasonably acceptable to the Investor and MPP Co; and

  

	 	3.4.2	 a Deed of Undertaking, 

in each case, duly executed by it and additionally, where the Further MPP Participant invests through an Investment Vehicle, by such Investment
Vehicle. 
  

	4	 TRANSFERABILITY OF THE INVESTMENT 

 

	4.1	 Any sale, transfer, encumbrance or other disposal of or over, and the conclusion of any sub-
participation or trusteeship, voting trust or similar agreement with respect to the Shares of any MPP Participant, or any rights attaching to or resulting from the Shares of any MPP Participant, by any MPP Participant (a “Disposal”
and the terms “Disposed” / “Disposes” / Dispose” / “Disposing” shall have the corresponding meaning) requires the prior written approval of the Remuneration Committee.

  

	4.2	 Section 4.1 does not apply to any Disposal explicitly permitted or required under this Agreement
upon or following: 

  

	 	4.2.1	 the exercise of Drag-Along Rights as set forth in Section 5.4.1; 

 

	 	4.2.2	 the exercise of Tag-Along Rights as set forth in
Section 5.4.2; 

  

	 	4.2.3	 an IPO as set forth in Section 5.3; and 

 

	 	4.2.4	 a Leaver Event as set forth in Section 7. 

 

	4.3	 The Remuneration Committee shall consider in good faith any request of a MPP Participant to make his/her
Investment for Shares through an Investment Vehicle or to undertake a Disposal to an Investment Vehicle, in each case, if and as long as the sole shareholder and/or beneficiary of the Investment Vehicle is the MPP Participant (the Investment Vehicle
by which such Investment for Shares is made or to which such Disposal is made referred to as the “Transferee”), provided that: 

  

	 	4.3.1	 the Transferee shall enter into such documents (including any accession documents) that the Remuneration
Committee reasonably request such that the Transferee is bound by the terms and conditions of this Agreement and the Articles; 

  
 10 

	 	4.3.2	 the MPP Participant remains jointly and severally liable with the Transferee for any breaches of this
Agreement and/or the Articles; 

  

	 	4.3.3	 all of the MPP Participant’s Shares, whether they are retained by the MPP Participant or Disposed
to a Transferee, are deemed to be that MPP Participant’s Shares and are in their entirety subject to all restrictions, obligations and rights set forth in this Agreement and the Articles; 

 

	 	4.3.4	 the MPP Participant must be appointed as joint representative for all Transferees (and the MPP
Participant) regarding all of the MPP Participant’s Shares, whether they are retained by the MPP Participant or Disposed to a Transferee; 

  

	 	4.3.5	 for so long the MPP Participant holds any Shares via an Investment Vehicle, the MPP Participant must at
all times hold 100% of the voting rights (or equivalent thereof) in such Investment Vehicle and be the sole economic beneficiary thereof; 

  

	 	4.3.6	 if the Transferee ceases to be an Investment Vehicle which satisfies the requirements in this
Section 4.3, the Transferee shall immediately Dispose all Shares held by it to the original MPP Participant or, subject to the consent of the Remuneration Committee, to such other Investment Vehicle of the MPP Participant that satisfies the
requirements in this Section 4.3; and 

  

	 	4.3.7	 the Remuneration Committee may at any time request any MPP Participant who has made a Disposal to a
Transferee pursuant to this Section 4.3 to provide to the Remuneration Committee any information relevant to considering whether a purported Disposal is in breach of this Agreement. If such information, or such other evidence as is clearly
sufficient to demonstrate that a purported Disposal is not in breach of this Agreement, is not provided within 10 Business Days of any request, the Remuneration Committee shall notify the relevant MPP Participant (the “Defaulting
Participant”) that a breach of this Section 4.3 has occurred, whereupon: 

  

	 	(i)	 MPP Co shall refuse to register or recognise the purported Disposal (other than with the prior approval of the
Remuneration Committee); 

  

	 	(ii)	 the Defaulting Participant’s Shares shall cease to confer on the holder thereof any rights in relation to
them pursuant to Section 8; and 

	 	(iii)	 the purported transferee shall have no rights or privileges in respect of such Shares or this Agreement,

 in each case until such time as the Defaulting Participant shall have supplied such information or evidence as required
by this Section 4.3.7, as is reasonably sufficient to demonstrate that any purported Disposal is not in breach of this Agreement, whereupon the Remuneration Committee shall notify the relevant MPP Participant that the restrictions specified in
this Section 4.3.7 shall no longer apply. 
  

	4.4	 The provisions set forth in this Section 4 apply, mutatis mutandis, if this Agreement is
entered into and any Shares are initially acquired by an Investment Vehicle, the shareholder of which is an eligible manager or employee or non-executive member of the board of the Group (“Ultimate
Beneficiary”). Each such Investment Vehicle and its Ultimate Beneficiary shall be party to this Agreement (either as an Initial MPP Participant or a Further MPP Participant) and each such person acknowledges to be subject to the
restrictions set forth in Section 4.3 and hereby makes the appointment set out in Section 4.3.4. For the purposes of this Agreement, including for the purposes of Section 7, all Shares held by an Investment Vehicle are deemed to be
the held by the respective MPP Participant named in Annex 1 and are in their entirety (and together with any parts of the Investment that may be held by the MPP Participant directly) subject to all restrictions, obligations and rights set
forth in this Agreement and the Articles. Section 4.1 and Section 4.3 shall apply to a Disposal of an interest in the Investment Vehicle by the MPP Participant mutatis mutandis. 

  
 11 

	5	 LIQUIDITY EVENTS 

 

	5.1	 The Investor shall (subject to any other agreement by which it or its Affiliates are bound, including
(but not limited to) the SHA) in relation the MPP Participants be entitled to decide in its own discretion on the implementation of an Exit as well as the terms and conditions of such Exit for MPP Co without any approval by the MPP Participants. The
MPP Participants and MPP Co shall make all declarations and perform all acts reasonably requested by the Investor, so far as legally permissible, to prepare, support and realise such Exit, including the preparation of any due diligence materials or
information memorandum, participation in Q&A sessions, roadshows or similar events, and will reasonably support negotiations in connection with an Exit. The MPP Participants are in particular obliged to inform MPP Co, the Investor and CK in
writing about any event, development or other detail of any kind which may be relevant for the accomplishment or the terms of an Exit and/or the valuation of the Group and of which they become aware before an Exit takes place. 

 

	5.2	 The Parties acknowledge that on an Exit: 

 

	 	5.2.1	 the Investor and MPP Co will not give any representations, warranties or indemnities in connection with
the Group, except for a warranty to be given by MPP Co as to the title to the SR Securities held by it and as to its capacity to sell those SR Securities; 

  

	 	5.2.2	 the MPP Participants who are not Leavers will, upon reasonable request from the Investor, provide
customary warranties and indemnities on a several and not joint basis in accordance with market practice at that time to potential purchasers or underwriters on an Exit, subject to customary limitations and disclosures; and 

 

	 	5.2.3	 there shall be no arrangements or agreements in relation to the purchase price for an Exit, other than
those set out in the principal transaction documents giving effect to the Exit, unless otherwise agreed by the Investor. 

  

	5.3	 IPO 

  

	 	5.3.1	 In the event of an IPO (other than on the level of MPP Co), the Shares held by MPP Participants and,
subject to compliance with the 30% Rule, the Investor shall be exchanged into shares of the listed entity or sold to the Investor (or its nominee) and the Investor shall use reasonable endeavours to ensure this exchange is effected in a reasonably
tax efficient manner, subject, however, to any reasonable restrictions set out by the Investment Bank. 

  

	 	5.3.2	 Subject to the other provisions of this Section 5.3, where either the Investor and/or CK Disposes
of a proportion of its interest in Sportradar Holding on an IPO, each MPP Participant shall also be entitled to Dispose of the same proportion of its (indirect) interest in Sportradar Holding (pro rata placement right). 

 

	 	5.3.3	 The Investment Bank may request, and the MPP Participant and MPP Co shall then sign and accept,
customary agreements or undertakings concerning transfer restrictions relating to the listed shares, including, but not limited to, agreements: 

  

	 	(i)	 restricting the MPP Participant from, directly or indirectly, selling or otherwise disposing of the shares in
the listed company, on customary market terms, for a lock-up period which shall reasonably be determined by the Investment Bank in accordance with the then common market practices and the particularities of
the IPO; and 

  
 12 

	 	(ii)	 containing market standard provisions designed to result in an orderly disposal of Shares (or securities
received as consideration for their Shares) by the MPP Participants. 

  

	 	5.3.4	 In the event that an IPO is carried out in respect of a Group Company, as soon as the IPO is completed
and it becomes possible for MPP Co to distribute to its shareholders shares in the listed company, the Board shall decide to distribute the proportionate part of the shares in the listed company to MPP Participants and the Investor by sale,
redemption in kind or any other means permitted under Luxembourg law (the “IPO Transfer”). 

  

	 	5.3.5	 The MPP Participants acknowledge and agree that subject to amended tax or civil law or other regulations
(including, for the avoidance of doubt, the 30% Rule) or due to the requirements of the then current market standards it may be necessary to deviate from the IPO Transfer as described above. Depending on the circumstances of the IPO, the Investor
reserves the right to effect an outcome legally and economically equivalent to the IPO Transfer through any other suitable means. 

  

	 	5.3.6	 Furthermore, an IPO Transfer will be limited as far as necessary to ensure the minimum participation of
MPP Co in accordance with article 166 of the Luxembourg Income Tax Law and the Grand-Ducal Regulation of 21 December 2001 (Mémorial no. 157 du 27 décembre 2001, p. 3333) or the relevant provisions applicable at the time of
the IPO Transfer. 

  

	5.4	 Trade Sale 

  

	 	5.4.1	 Upon any Change of Control event the Investor shall be entitled to require each MPP Participant to sell
up to a pro rata portion of the MPP Participant’s Shares simultaneously with the Investor and/or CK (the “Drag-Along Right”). Such sale shall be based on the same economic terms as are applied for the Investor and/or CK. For
the avoidance of doubt, any drag-along rights pursuant to the SHA shall not be substituted or limited by the Drag-Along Right. 

  

	 	5.4.2	 In the case of a Change of Control event the Investor shall give notice in writing to the Board
(“Sale Notice”). The Sale Notice shall set forth the material terms of the intended sale (including in relation to instruments and price). The Sale Notice shall include an offer by the Investor (the “Tag-Along Offer”) to include in such sale (directly or indirectly) the pro rata portion of each MPP Participant’s Shares. The Board shall promptly provide a copy of such Sale Notice to the MPP
Participants. Such sale shall be based on the same terms as are applied for the Investor and/or CK. Each MPP Participant who wishes to exercise its Tag-Along Right shall notify the board of MPP Co within such
time period as is specified in the Sale Notice that he/she wishes to tag-along. The Tag-Along Offer can only be accepted by the Board on behalf of the tagging MPP
Participants by a written declaration to Investor (the “Acceptance Notice”). If the Investor has received an Acceptance Notice in accordance with this Section 5.4.2 within 15 Business Days after the date of the Sale Notice, the
Investor shall be obliged to ensure that the potential Third Party Purchaser, or another purchaser determined by the Investor, purchases the pro rata portion of the MPP Participants’ Shares (such obligation of the Investor towards each MPP
Participant, the “Tag-Along Right” of the respective MPP Participant). 

  
 13 

	 	5.4.3	 If pursuant to the SHA the relevant person(s) decide in accordance with the SHA to accept an offer from
one or more Third Party Purchasers for a Trade Sale of the Group, MPP Co shall ensure that all proceeds attributable to and received by MPP Co resulting from that Exit are distributed to its shareholders as soon as practicable and the
shareholders’ meeting of MPP Co shall, as soon as practicable after the completion of the sale, decide to distribute the proceeds from such sale to its shareholders in accordance with Section 5.6. 

 

	 	5.4.4	 Where there is a Trade Sale, the Investor shall consider in good faith: (a) the transfer of each
MPP Participant’s Shares to the Investor in connection with such Trade Sale; and (b) the implementation of such Trade Sale in a reasonably tax efficient manner for the MPP Participants. 

 

	5.5	 Recapitalisation and Other Realisation of Profits of Sportradar Holding or a Group Company

 Subject to the terms and conditions of the SHA, a partial or full Recapitalisation of the Group may be effected
before an Exit takes place (“Approved Recapitalisation”). In view of the various ways in which such Recapitalisation could be effected and in order to preserve the maximum flexibility with regard to such Recapitalisation, it is
agreed as follows: 
  

	 	5.5.1	 The MPP Participants as MPP Participants in the meaning of this Agreement shall make all necessary
declarations, enter into all necessary agreements and vote their Shares in favour of all necessary resolutions or amendments to existing agreements in order to ensure that an Approved Recapitalisation can be effected, all to the extent reasonably
requested and legally permissible. 

  

	 	5.5.2	 The Board shall be permitted to waive the above-mentioned obligation of the MPP Participants to
participate in any Recapitalisation. Such waiver shall be issued in writing by MPP Co to each MPP Participant. The waiver letter must also be approved by the Remuneration Committee. 

 

	5.6	 Application of Proceeds 

Subject to Section 5.3.4, the allocation of distributable proceeds at the level of MPP Co, i.e. proceeds (whether in the form of
dividends, liquidation proceeds, capital repayment, and whether arising from purchase price for Shares in a private sale or in an IPO or other form or sale of the assets or operative business of the Group or a Recapitalisation) after repayment of
any amounts outstanding under the loan agreements with the Group, any other financial debt and other obligations of MPP Co, shall be as described in the Articles. 
  

	5.7	 Preservation of Rights upon Change of Control 

In connection with any transaction that results in a Change of Control, the Parties will use reasonable endeavours to take such reasonable
actions as may be required or appropriate to ensure that the rights and entitlements of the MPP Participants pursuant to this Agreement are fulfilled or preserved, as the case may be, subject to the provisions of this Agreement. 

 

	5.8	 Holding Period 

If no Exit has occurred prior to 31 December 2024, the Investor shall engage in good faith discussions to consider options for staged
liquidity for MPP Participants and/or appropriate further incentivisation schemes for those MPP Participants interested in committing to an investment beyond such period. 
  

	6	 NEW ISSUES; ANTI-DILUTION 

 

	6.1	 No Shares or BCs shall be allotted or issued by MPP Co, other than pursuant to Section 2 or 3 or
this Section 6 or as otherwise required for Investor and/or FTP to comply with any legal, regulatory or other obligations, provided that compliance with such obligations shall not change the economic rationale of this Agreement.

  
 14 

	6.2	 If an issue of SR Securities is proposed and MPP Co is entitled to participate in that issue
(“Qualifying SR Issue”), then the Investor shall give notice in writing to the Board (“Issue Notice”). The Issue Notice shall set forth the material terms of the intended issue (SR Securities, price, timing,
securities to be issued to MPP Co, funding details). The Board shall promptly provide a copy of such Issue Notice to the MPP Participants. Each such MPP Participant is entitled, but not obliged, to participate (indirectly on a pro rata look through
basis) in the Qualifying SR Issue. Each such MPP Participant who wishes to participate shall notify the board of MPP Co within such time period as is specified in the Issue Notice of such fact and shall transfer the funds to MPP Co as specified in
the Issue Notice. MPP Co can only participate in the Qualifying SR Issue if and to the extent that MPP Participants have elected to participate and provided the funds to do so in the specified period. For the avoidance of doubt, the subscription
right for SR Securities of MPP Co may be excluded in accordance with applicable law or the SHA. 

  

	6.3	 The Investor, the MPP Participants and MPP Co shall implement a capital increase or other issue of
securities in MPP Co for those MPP Participants who have elected to participate in the Qualifying SR Issue on such terms as Investor, acting reasonably, may determine (“MPP Issue”). Any rights of
pre-emption in the MPP Issue for those MPP Participants who do not elect to participate in the Qualifying SR Issue shall be deemed to be waived. The funds from the MPP Issue shall be applied in the Qualifying
SR Issue. Each Party shall, in accordance with Section 20.4, take such actions as may be required to facilitate the MPP Issue as soon as possible. 

  

	6.4	 In case the subscription right of MPP Co for SR Securities is not excluded, the Investor is,
nevertheless not obliged in particular to provide notice to MPP Co (or the MPP Participants) pursuant to Section 6.2 in circumstances where the Group requires funding on an urgent basis, in which case the MPP Participants acknowledge that the
Investor may waive the subscription right of MPP Co on MPP Co’s behalf (“Accelerated Issue”). 

  

	6.5	 If an Accelerated Issue occurs and Sportradar Holding has determined that MPP Co may participate after
the event in such issue (catch-up) (“Catch-up Issue”), then the provisions of Sections 6.2 and 6.3 shall apply mutatis mutandis to that Catch-up Issue. 

  

	6.6	 If any MPP Participant does not elect to participate in a Qualifying SR Issue or a Catch-up Issue, any right or entitlement to subscribe for or otherwise acquire new SR Securities (directly or indirectly) shall lapse and shall not pass to any other person. MPP Co shall only participate in the SR
Qualifying Issue or the Catch-up Issue to the extent that MPP Participants have elected to participate and provided the funds to do so in the specified period. 

 

	6.7	 If MPP Co issues any Shares to the Investor or the Investor otherwise acquires additional Shares, the
Parties acknowledge and agree that in connection with any subscription or acquisition of Shares by the Investor pursuant to this Agreement, MPP Co may issue additional BCs to the FTP. 

 

	6.8	 This Section 6 is not a commitment by any Party to provide funding to MPP Co or the Group.

  

	6.9	 This Section 6 shall not apply to any issue or allocation of Shares made in accordance with
Section 2 or Section 3. 

  
 15 

	7	 CALL OPTION 

  

	7.1	 Call Right 

Each of the MPP Participants hereby offers to each Eligible Purchaser nominated by the Investor, provided that such nomination does not have to
be made in writing and the MPP Participant has no claim to receive a copy of the nomination, the irrevocable right to purchase from the MPP Participant and to require the MPP Participant to sell and transfer its Shares, or part thereof, to each
Eligible Purchaser as specified by the Investor (the “Call Option”). The MPP Participant shall without undue delay give notice to the Investor and the Board (the “Leaver Notice”) upon the occurrence of a leaver
event as determined in Sections 7.1.1, 7.1.2 and 7.1.3 (the “Leaver Event”). Each Call Option shall be exercised according to the terms and conditions included in Sections 7.1 through 7.5. For the avoidance of doubt, non- compliance
by a MPP Participant of this Section 7 shall not affect the rights of each other Party pursuant to this Section 7. 
 Subject to
the terms and conditions of this Agreement, the Investor accepts this Call Option as a unilateral call option, which it has the right, but by no means the obligation, to exercise freely, in accordance with the following terms and conditions. 

Each of the MPP Participants declares that his/her/its agreement to sell and transfer the Shares under the Call Option is final and irrevocable
and cannot be withdrawn whether prior or after the sending of the Call Notice (as defined below). Consequently, notwithstanding the behavior of the MPP Participant, the sale and transfer of Shares under the Call Option shall be deemed agreed among
the parties upon the sending of the Call Notice by the Eligible Purchaser nominated by the Investor and may be enforced in accordance with Clause 19.8. of this Agreement, should the MPP Participant fail to take any steps required to complete such
sale as provided for in Clauses 7.2. and 7.3. of this Agreement. 
 Each of the MPP Participants further acknowledges that the irrevocability
of his/her/its agreement is an essential condition to the Call Option and that the irrevocability of such Call Option is a pre-condition to the MPP Participant being granted the opportunity to acquire or
subscribe (as the case may be) the Shares. 
  

	 	7.1.1	 Bad Leaver Event 

Any Eligible Purchaser (nominated by the Investor) shall have a right to accept the Leaver’s granted offer and to purchase a Leaver’s
Shares, or part thereof, for a period of six months following the earlier of (i) the Investor obtaining actual knowledge of a Leaver Event or (ii) the receipt of the Leaver Notice by the Investor and MPP Co if: 

 

	 	(i)	 subject to Section 7.1.2(ii), the MPP Participant has terminated his/her employment with a Group Company
voluntarily for other reasons than for cause; 

	 	(ii)	 the employment agreement of the MPP Participant with a Group Company is terminated by such Group Company for
cause; 

  

	 	(iii)	 the MPP Participant and/or the Investment Vehicle of the MPP Participant is: 

 

	 	(a)	 in breach of obligations under or in connection with (i) the transfer restrictions (ii) an Exit,
(iii) an exercise of the Drag-Along Right, (iv) a Leaver Event and/or (v) capital measures in respect of MPP Co, in each case imposed on the MPP Participant under this Agreement or the Articles; and/or 

 

	 	(b)	 in material breach of any (i) other obligations under this Agreement or the Articles (including breach of
cooperation and/or confidentiality obligations), 

  
 16 

 in each case of (a) or (b), unless such breach is capable of remedy and the MPP
Participant has cured such breach within 10 Business Days (or such shorter period as may be justified in cases of urgency) after the Investor or MPP Co has given notice to the MPP Participant requiring him/her to do so with reference to this
Agreement; 
  

	 	(iv)	 either (x) the application for an opening of insolvency proceedings (or similar proceedings in case the
MPP Participant is a natural person) over the assets of the MPP Participant and/or the Investment Vehicle of the MPP Participant unless (i) the application has been withdrawn within 20 Business Days from the date of the application or the MPP
Participant and/or the Investment Vehicle have provided proof of the invalidity of the application or (ii) the application has been filed mala fide; or (y) the MPP Participant and/or the Investment Vehicle of the MPP Participant are
subject to attachment proceedings regarding his/her/their position under the Shares unless (i) such attachment has not been lifted within a period of two months from the attachment or (ii) such attachment has been initiated mala
fide; or 

  

	 	(v)	 the MPP Participant is found to be guilty of having committed a severe criminal offence (but not merely
speeding fines and similar administrative offences), 

 in each case for a purchase price to be determined in accordance
with Section 7.4.1 below. The Remuneration Committee may improve the applicable leaver conditions for the Bad Leaver in its sole discretion and without prejudice for further cases (but in any event such conditions shall not be any more
favourable than the conditions which would apply if such Leaver if was a Good Leaver). 
  

	 	7.1.2	 Intermediate Leaver Event 

Any Eligible Purchaser (nominated by the Investor) shall have a right to accept the Leaver’s granted offer and to purchase a Leaver’s
Shares, or part thereof, for a period of six months following the earlier of (i) the Investor obtaining actual knowledge of a Leaver Event or (ii) the receipt of the Leaver Notice by the Investor and MPP Co, if: 

 

	 	(i)	 the MPP Participant does not qualify as a Good Leaver; 

 

	 	(ii)	 the MPP Participant has terminated his/her employment with a Group Company voluntarily for other reasons than
for cause following the expiry of the three-year period commencing on the later of (a) the Closing or (b) the date such MPP Participant commenced his/her term of employment with any Group Company; and 

 

	 	(iii)	 the MPP Participant would, but for this Section 7.1.2(iii), be a Bad Leaver but the Remuneration Committee
resolves to designate him/her as an Intermediate Leaver, 

 in each case for a purchase price to be determined in
accordance with Section 7.4.1. 
  

	 	7.1.3	 Good Leaver Event 

Any Eligible Purchaser (nominated by the Investor) shall have a right to accept the Leaver’s granted offer and to purchase a Leaver’s
Shares, or part thereof, from the MPP Participant or his/her estate, respectively, for a period of six months following the earlier of (i) the Investor obtaining actual knowledge of a Leaver Event or (ii) the receipt of the Leaver Notice
by the Investor and MPP Co, if: 
  

	 	(i)	 the MPP Participant terminates his/her employment with a Group Company for cause; 

  
 17 

	 	(ii)	 the employment agreement of the MPP Participant with a Group Company is terminated by such Group Company
without cause; 

  

	 	(iii)	 the MPP Participant retires from employment with a Group Company upon reaching ordinary statutory retirement
age; 

  

	 	(iv)	 termination is due to death or permanent disability or long-term illness of the MPP Participant
(“long-term” being an absence of more than six months); or 

  

	 	(v)	 a MPP Participant becomes subject to divorce proceedings, unless the MPP Participant demonstrates that the
ownership and interest in, and the transferability of, the MPP Participant’s Shares are not affected by the divorce and that no one other than himself has any voting rights in the MPP Participant’s Shares and can therefore restrict the
exercise of any rights under the MPP Participant’s Shares, 

 in each case for a purchase price to be determined in
accordance with Section 7.4.1 below. 
  

	 	7.1.4	 The (i) revocation or withdrawal of a MPP Participant’s appointment as a managing director or
equivalent if at the same time the MPP Participant’s employment contract is terminated or he/she is released from duties or (ii) an irrevocable suspension from work shall constitute a termination of employment for the purposes of this
Section 7.1. For the avoidance of doubt, the foregoing shall only be decisive in determining whether and on which date a Leaver Event occurred, but shall not prejudice in any way the question of whether an MPP Participant is to be treated as a
Bad Leaver, Intermediate Leaver or Good Leaver. 

  

	 	7.1.5	 A Leaver Event for the purposes of this Section 7 can only occur prior to Exit.

  

	7.2	 Exercise of Rights 

If an Eligible Purchaser (nominated by the Investor) wishes to exercise the rights granted in Section 7.1, a written notice (“Call
Notice”) to that effect stating all necessary details (i.e. the (or the part of the) Shares of the MPP Participant to be acquired, the Leaver Event and the Purchase Price) shall be sent by the Investor (on behalf of the Eligible Purchaser
nominated by the Investor) to the Leaver (with a copy to the Board). A Call Notice shall be deemed to have reached a Leaver, and hence the right of the relevant Eligible Purchaser shall be deemed to have been exercised in accordance with the terms
of the Call Notice, five Business Days after it has been posted, provided the Call Notice has been addressed to the address stated in Appendix A hereto or to such other address of which a MPP Participant has, prior to becoming a Leaver,
informed the Board in writing in accordance with this Agreement (or any accession to this Agreement). The Leaver is obliged to countersign such notice and return it to the relevant Eligible Purchaser and the board of directors of MPP Co under
specification of the information (e.g. account details) requested by the relevant Eligible Purchaser in the notice within 10 Business Days after receipt of such notice and provide any necessary know-your-client/anti-money-laundering documentation
requested by the relevant Eligible Purchaser (e.g. certified copy of personal identity card to verify the personal data of the Leaver) including without limitation his/her current personal address. 

  
 18 

	7.3	 Transfer of Title to the Shares 

The transfer of title to the Eligible Purchaser shall take effect immediately, and without any further action, formality or court intervention
being required, on the date set out by the Investor in a valid Call Notice or failing which, upon issue of such Call Notice (the “Transfer of Title” and the day on which the Transfer of Title occurs the “Transfer
Date”). The mere delivery by the Investor of a copy of the Call Notice to MPP Co shall be deemed to constitute a notification of the transfer of the Shares under the Call Option, to which the Parties specifically agree, and MPP Co shall
record the transfer of the ownership of the Shares acquired under the Call Option from the relevant MPP Participant to the relevant Eligible Purchaser in its relevant books, registers and accounts on the Transfer Date without delay. MPP Co expressly
agrees to and acknowledges the foregoing instruction by the Parties. The relevant Eligible Purchaser shall be deemed to be the legal and beneficial owner of the Shares under the Call Option from the Transfer Date with all rights attached thereto,
including all dividends voted for and paid after such date. 
 The MPP Participant undertakes to perform all acts and make and receive all
declarations deemed to be necessary or expedient by the Eligible Purchaser to fully effect, document and/or confirm the transfer of unencumbered title to his/her Shares to the Eligible Purchaser without undue delay. 

Where required by the Investor, each other Party further undertakes to approve such transfer for the purposes of article 710-12 and subsequent of the Act. 
  

	7.4	 Purchase Price and Payment 

 

	 	7.4.1	 Subject to Section 7.7, if the Leaver’s Shares are purchased by an Eligible Purchaser due to:

  

	 	(i)	 a Bad Leaver Event (pursuant to Section 7.1.1 above), the purchase price for the Leaver’s Shares
under the Call Option shall be the lower of the aggregate amount of the Investment made by the Leaver and the Fair Market Value of the Leaver’s Shares as of the date of issuance of the Call Notice; or 

 

	 	(ii)	 an Intermediate Leaver Event (pursuant to Section 7.1.2 above), the purchase price for the Leaver’s
Shares under the Call Option shall (x) from the date that Leaver became a party to this Agreement until the first anniversary of such date, be the aggregate amount of the Investment made by that Leaver and (y) following the first
anniversary of the date that the Leaver became a party to this Agreement, be decided by the Remuneration Committee on an individual case by case basis (but shall not be less than the price payable under (i) above or higher than the price
payable under (iii) below); or 

  

	 	(iii)	 a Good Leaver Event (pursuant to Section 7.1.3 above), the purchase price for the Leaver’s Shares
shall (x) from the date that Leaver became a party to this Agreement until the first anniversary of such date, be the aggregate amount of the Investment made by that Leaver and (y) following the first anniversary of the date that Leaver
became a party to this Agreement, be the Fair Market Value of the Leaver’s Shares as of the date of issuance of the Call Notice, 

(in each case the “Purchase Price”). 

  
 19 

	7.5	 Tax Deductions 

Any withholding tax and any employee and/or employer social security obligations that may apply to the Purchase Price for the Shares in the
jurisdiction where the MPP Participant is or might be considered to be domiciled for taxation purposes may be deducted from the Purchase Price for the Shares and, in such case, shall be used to pay such withholding tax and any employee and/or
employer social security obligations. The MPP Participant may request the disbursement of such withholdings as soon as it has become evident that such withholding tax and social security obligations will not have to be applied. 

 

	7.6	 Payment of Purchase Price 

 

	 	7.6.1	 Subject to Section 7.7, Section 7.6.2 and any restrictions contained in any financing document
applicable and binding on MPP Co and/or any Group Company, the Purchase Price shall be paid out to the Leaver by bank transfer in Euros as follows: 

  

	 	(i)	 in the case of a Bad Leaver, the total Purchase Price shall be paid by the Eligible Purchaser two months
following the consummation of an Exit; 

  

	 	(ii)	 in the case of an Intermediate Leaver, the total Purchase Price shall be paid by the Eligible Purchaser at such
date(s) as the Remuneration Committee shall decide in each case (but not later than two months following the consummation of an Exit); and 

  

	 	(iii)	 in the case of a Good Leaver, (a) a part of the Purchase Price equal to (x) the aggregate amount of
the Investment paid by the Leaver minus (y) any dividend or other payments received or resolved to be made or paid on the Leaver’s Shares prior to the Transfer Date, shall be paid by the Eligible Purchaser within one month of the Transfer
Date and (b) the balance of the Purchase Price shall be paid by the Eligible Purchaser two months following the consummation of an Exit, 

provided that if a Leaver has not notified the Eligible Purchaser of the bank account to which payment is to be made in good time, the relevant
payment shall only become due 10 Business Days after such notification has been received by the Eligible Purchaser. 
  

	 	7.6.2	 The Investor may (in its sole discretion) elect to allow the Eligible Purchaser to pay some or all of
the Purchase Price payable to a Leaver sooner than the time periods set out in Section 7.6.1. 

  

	7.7	 Welcome Period 

Notwithstanding Section 7.4 and Section 7.6, if a MPP Participant who, at the date of this Agreement is already working for the
Group, becomes a Leaver in the first six months following Closing, then the Purchase Price shall be an amount equal to (x) the aggregate amount of the Investment made by the Leaver minus (y) any dividend or other payments received or
resolved to be made or paid on the Leaver’s Shares prior to the Transfer Date and such Purchase Price shall be paid by the Eligible Purchaser within one month of the Transfer Date. 

 

	8	 DEFAULT 

Where a MPP Participant defaults in the delivery, execution or filing of any documents as required under this Agreement or defaults in the
making of any payment required under this Agreement, in full or in part, any voting rights and all other entitlements of the MPP Participant in relation to his/her Shares in MPP Co shall be suspended until such default is remedied to the reasonable
satisfaction of the Investor (where capable of remedy). 

  
 20 

	9	 TERM 

  

	9.1	 This Agreement shall become effective on the date hereof and shall terminate on 31 December 2033, with
automatic renewals for periods of five (5) years unless a notice of non- renewal is given by any of: (i) MPP Co, (ii) the MPP Participants, or (iii) the Investor, at least six (6) months in advance of the expiry of the
relevant period, any such notice being without prejudice to the obligation of the Parties to observe and comply fully with this Agreement. 

  

	9.2	 A MPP Participant who is no longer a holder of Ordinary Shares ceases to be a Party to this Agreement,
provided however, that the MPP Participant’s (i) undertakings set out in Sections 11, 13 and 14 and (ii) rights to payment of the Purchase Price in accordance with Section 7 remain in force after such MPP Participant ceases to be
a holder of Ordinary Shares. 

  

	10	 COOPERATION UNDERTAKINGS 

 

	10.1	 Subject to Section 10.4, each Party shall observe and comply fully with this Agreement and
undertakes to exercise such Party’s rights to give full effect to the provisions of this Agreement, including to pass any shareholder resolutions and/or class consents (whether at a general meeting or by way of written shareholder resolutions)
and to enter into and grant such proxies, consents to short notice, waivers of rights of pre-emption and other documentation as is required to implement any issue or transfer of Shares envisaged or permitted
hereunder (including without limitation, to any Eligible Purchaser, Further MPP Participant, and/or Transferee permitted hereunder), or give effect to the rights set out in this Agreement, and in particular Clauses 3.3, 4.3.6, 5.1, 5.3, 5.4, 5.5,
6.3, 7, 10.2, 10.3 and 20.3 and Annex 6, in each case permitted or required by, and carried out in accordance with, the terms of this Agreement. 

  

	10.2	 The Parties acknowledge that any transfer of Shares to third parties (i.e., persons who are not holders
of Shares) permitted hereunder shall be made in accordance with the transfer conditions set forth under article 710-12 and subsequent of the Act. For the avoidance of doubt, the provisions set forth under
article 710-12 and subsequent of the Act shall not apply for so long as any transfer of Shares to third parties is restricted in accordance with the terms hereof. Each MPP Participant hereby undertakes to
vote, for the purposes of article 710-12 and subsequent of the Act, in favour of any such transfer permitted by this Agreement, in any general meeting of MPP Co or otherwise for the purposes of any shareholder
resolutions of MPP Co. 

  

	10.3	 Each Party (including each MPP Participant) further undertakes to cooperate with the Investor, and do
all such things (including, to the extent applicable, exercising their voting rights as a securityholder in MPP Co and giving any class consents for the purposes of any relevant resolutions) and sign all such documents (including any amendments to
this Agreement), as are necessary or useful to, upon proposal by the Board and subject to the Investor’s consent, give effect to: 

  

	 	10.3.1	 any reorganisation of MPP Co by way of conversion, merger, transfer of all of MPP Co’s assets to
another person, share exchange, or any equivalent arrangement, whether resulting in the transformation of MPP Co or the formation of a new entity in the Grand Duchy of Luxembourg or in a different jurisdiction, in case the number of shareholders of
MPP Co exceeds or is expected to exceed the maximum number of shareholders permissible for a Luxembourg private limited liability company (société à responsabilité limitée); and/or 

  
 21 

	 	10.3.2	 any subdivision, consolidation, or split or re-designation into
one or more classes of the Shares or the share capital of MPP Co, in order to allow the transfer to, or subscription of Shares by, Further MPP Participants according to the terms of this Agreement, 

(each, a “Permitted Reorganisation”), in each case provided that any Permitted Reorganisation is structured in such a way
which is not materially and/or disproportionately adverse to the economic, tax or legal position of Party and further to the consummation of any Permitted Reorganisation, the MPP Participants are allotted interests in the MPP Co (or such other new
entity) which are equivalent to their respective interests in MPP Co immediately prior to the Permitted Reorganisation. 
  

	10.4	 The Parties acknowledge and agree that the MPP Co is bound by the SHA. In case of any discrepancies
between this Agreement and the SHA, the SHA shall prevail. 

  

	11	 Incorporation and Accession of Blackbird Holdco 

 

	11.1	 It is intended that in connection with the Entity Swap, the Investor shall incorporate Blackbird Holdco
under the laws of Jersey. 

  

	11.2	 The Parties herewith irrevocably offer to Blackbird Holdco the unconditional right to accede to this
Agreement following its incorporation. The Investor shall procure that, if the Entity Swap is implemented, Blackbird Holdco shall accept such offer and shall agree to assume all rights and obligations of the Investor hereunder (including any for
prior breach). Upon Blackbird Holdco’s accession becoming effective, the Investor shall cease to have any rights and shall be released from all its obligations hereunder (including any for prior breach). 

 

	12	 EXPENSES AND COSTS 

 

	12.1	 Subject to Clause 12.3, the Parties shall procure that the costs and expenses of the Investor, CK, MPP
Co and their respective advisers and managers (including legal, consulting and auditing fees and expenses, including any notarial and court or other similar fees, if any, and any VAT or equivalent thereto payable thereon) incurred in connection with
the investment in MPP Co, including the structuring of the programme, the incorporation of MPP Co, the preparation of this Agreement and the transactions contemplated in them will be paid by such Group Company as may be nominated by the Investor
insofar as legally permissible. 

  

	12.2	 Subject to Clause 12.3, the Parties shall procure that any costs incurred by MPP Co shall be borne out
of the assets of the Group. 

  

	12.3	 The aggregate amount of all costs and expenses pursuant to Clause 12.1 and Clause 12.2 paid or borne by
any Group Company shall reduce the aggregate amount of distributable proceeds available on an Exit and the amount of distributable proceeds available to any MPP Participant on an Exit shall be reduced pro rata to the number of Shares held by that
MPP Participant accordingly. 

  

	13	 CONFIDENTIALITY 

The Parties undertake not to disclose the existence of this Agreement or to divulge any part of its contents to any third party: 

 

	13.1	 other than: (i) as a result of the exercising of any rights under the Agreement to advisers
retained by a Party; or (ii) if required to do so by law or regulation or legal process; or (iii) in connection with an Exit; or (iv) by the Investor to the FTP and/or a CPPIB Entity; 

 

	13.2	 unless the relevant information is already in the public domain through no fault of the disclosing
party. 

  
 22 

	14	 RISK AND RESPONSIBILITY OF MPP PARTICIPANTS 

 

	14.1	 None of the Investor, CPPIB, TCV, CK, MPP Co, any other direct or indirect shareholder of Sportradar
Holding, any of the Group Companies, any of the Affiliates of any of the foregoing or any of their respective directors, offices, executives, employees, advisers or other representatives or agents (together, the “Other Investors”):

  

	 	14.1.1	 assume any liability for the development of the value or the taxation of the Shares or any proceeds
thereof; 

  

	 	14.1.2	 represent, warrant or guarantee any increase in value of the Shares. In particular, they do not warrant
or guarantee that a MPP Participant will be able to redeem or sell his/her Shares for a profit (or at all); or 

  

	 	14.1.3	 assume any liability for the treatment or taxation of the Shares or any assets or proceeds deriving
directly or indirectly therefrom. 

  

	14.2	 Each MPP Participant acknowledges and confirms that his/her Investment is voluntary. Each MPP
Participant is further aware of the fact that he/she bears the risk of a full or partial loss of the value of the Shares and that in such case he/she will be obliged to fully repay any debt (if any) he/she may have incurred to finance the
Investment. Each MPP Participant makes the Investment at his/her own risk and accepts responsibility accordingly. 

  

	14.3	 Each MPP Participant acknowledges his/her responsibility to obtain his/her own legal and tax and
investment advice before making the Investment. In particular, each MPP Participant acknowledges that he/she has not received any advice from either (i) any of the Other Investors (ii), any other MPP Participant, or any of their advisers, in
relation to any aspect (including, but not limited to, tax and legal aspects) of the Investment. Each MPP Participant shall be responsible for the evaluation of the personal tax effects of his/her Investment and shall fulfil any legal obligations,
especially review and disclosure of any information which may be relevant for the tax authorities with respect to proper taxation of his/her Investment. 

  

	14.4	 Any taxes (including but not limited to corporate tax, withholding tax, capital gains tax, registration
tax, withholding tax, trade tax and/or value added tax), social security obligations, duties or other expenses which may be incurred by the Investor and the Group Companies, MPP Co or a MPP Participant, in connection with the participation in MPP Co
shall be borne by the relevant MPP Participant(s). Any taxes, corporate tax, withholding tax, social security obligations, duties or other expenses which may be incurred by MPP Co shall be borne by the MPP Participants in the ratio of their
respective shareholding in MPP Co. Each MPP Participant shall be required to pay (or procure payment) to the competent tax authorities any supplementary taxes that he/she may from time to time owe (or which may be owed by his/her Investment Vehicle
(if any)) in relation to MPP Co which may arise as a result of any tax audit or similar occurrence and shall be required to indemnify Sportradar Holding and its shareholders, the Group Companies, the Investor and MPP Co with regard to any
corresponding liability of such entity vis-à-vis the tax authorities. 

  

	14.5	 Each MPP Participant acknowledges and represents that he/she has been advised that:

  

	 	14.5.1	 the offer and sale of the Ordinary Shares and Preference Shares in MPP Co has not been registered under
the Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder, as the same may be amended from time to time (the “Securities Act”); 

  
 23 

	 	14.5.2	 the Shares must be held indefinitely and the MPP Participant must continue to bear the economic risk of
the Shares unless the offer and sale of such Shares are subsequently registered under the Securities Act and all applicable state securities laws or an exemption from such registration is available; and 

 

	 	14.5.3	 there is no established market for the Shares and it is not anticipated that there will be any public
market for the Shares in the foreseeable future. 

  

	14.6	 Each MPP Participant represents and warrants that: 

 

	 	14.6.1	 his/her financial situation is such that he/she can afford to bear the economic risk of holding the
Shares for an indefinite period of time, has adequate means for providing for his/her current needs and personal contingencies, and can afford to suffer a complete loss of his/her Investment; 

 

	 	14.6.2	 his/her knowledge and experience in financial and business matters are such that he/she is capable of
evaluating the merits and risks of the Investment and/or the Shares; 

  

	 	14.6.3	 he/she understands that the Investment in the Shares is a speculative investment which involves a high
degree of risk of loss of his/her investment therein, there are substantial restrictions on the transferability of the Shares and, on the acquisition and for an indefinite period following the acquisition, there will be no public market for the
Shares and, accordingly, it may not be possible for him/her to liquidate his/her Shares in case of emergency, if at all; 

  

	 	14.6.4	 he/she understands and has taken due and thorough knowledge of all the risk factors related to the
purchase of the Shares and, other than as set forth in this Agreement, no representations or warranties have been made to him/her or his/her representatives concerning the Investment or the Shares or their prospects or other matters;

  

	 	14.6.5	 he/she has been given the opportunity to examine all documents and to ask questions of, and to receive
answers from the Investor and its representatives concerning MPP Co and its Affiliates, MPP Co’s organisational documents and the terms and conditions of the purchase of the Shares and to obtain any additional information which he/she deems
necessary; 

  

	 	14.6.6	 all information which he/she has provided to MPP Co and its representatives concerning him/her and
his/her financial position is complete and correct as of the date of this Agreement; and 

  

	 	14.6.7	 he/she is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.

  

	15	 APPLICABLE LAW 

This Agreement shall, at the exclusion of the UN Convention for the Sale of Goods and the rules on conflict of laws, be governed, construed and
enforced in accordance with the laws of the Grand Duchy of Luxembourg. 
  

	16	 DISPUTES 

Any dispute arising out of or connected with this Agreement, including a dispute as to the validity, existence or termination of this Agreement
or this Section 16 or any non-contractual obligation arising out of or in connection with this Agreement, shall be resolved by arbitration in the Grand Duchy of Luxembourg conducted in English by a single
arbitrator pursuant to 

  
 24 

 
the rules of the International Chamber of Commerce, save that, unless the Parties agree otherwise, the arbitrator shall draw up, and submit to them for signature, the Terms of Reference within 21
days of receiving the file. The Terms of Reference shall not include a list of issues to be determined. 
  

	17	 NOTICES 

Any declaration, notice or other communication under the Agreement shall be made in the English language and in writing and shall be delivered
personally against confirmation of receipt or sent by “registered mail return receipt requested” or by internationally recognised courier service or by email to the Parties at the following addresses: 

 

	17.1	 Investor 

  

					
		 	Attn.	  	Jean-Christophe Gladek
			
		 	Email:	  	jgladek@cppib.com
			
		 	Address:	  	6, rue Eugene Ruppert
			
		 		  	2453 Luxembourg
			
		 		  	Grand Duchy of Luxembourg
			
		 	With a copy to:	  	Hafiz Lalani
			
		 	Email:	  	hlalani@cppib.com
			
		 	Address:	  	6, rue Eugene Ruppert
			
		 		  	2453 Luxembourg
			
		 		  	Grand Duchy of Luxembourg
			
		 	and	  	
			
		 	Attn.	  	General Counsel
			
		 	Email:	  	legal@tcv.com
			
		 	Address:	  	250 Middlefield Road
			
		 		  	Menlo Park, CA 94025
			
		 		  	United States of America
			
		 	With a copy to:	  	Linklaters LLP
			
		 	Attn.	  	Attn. Ben Rodham and Christopher Kellett
			
		 	Email:	  	ben.rodham@linklaters.com and
		 		  	christopher.kellett@linklaters.com
			
		 	Address:	  	One Silk Street,
			
		 		  	London EC2Y 8HQ,
			
		 		  	United Kingdom

  
 25 

	17.2	 CK 

  

					
		 	Email:	  	c.koerl@sportradar.com
			
		 	Address:	  	Steinweg 3c
			
		 		  	9052 Niederteufen
			
		 		  	Switzerland
			
		 	With a copy to:	  	Brandl & Talos Rechtsanwälte GmbH
			
		 	Attn.	  	Thomas Talos
			
		 	E-mail:	  	talos@btp.at
			
		 	Address:	  	Mariahilfer Strasse 116
			
		 		  	1070 Vienna
			
		 		  	Austria

  

	17.3	 MPP Co 

  

					
			
		 	Email:	  	LU-Blackbird@intertrustgroup.com
			
		 	Address:	  	Slam InvestCo S.à r.l.
			
		 		  	12C, rue Guillaume Kroll
			
		 		  	L-1882 Luxembourg
			
		 		  	Grand Duchy of Luxembourg
			
		 	With a copy to:	  	Linklaters LLP
			
		 	Attn.	  	Attn. Ben Rodham and Christopher Kellett
			
		 	Email:	  	ben.rodham@linklaters.com and
		 		  	christopher.kellett@linklaters.com
			
		 	Address:	  	One Silk Street,
			
		 		  	London EC2Y 8HQ,
			
		 		  	United Kingdom
			
		 	With a copy to:	  	CPP Investment Board Europe S.à r.l.
			
		 	Attn.	  	Attn. Linda Du
			
		 	Email:	  	lindadu@cppib.com and syan@cppib.com
			
		 	Address:	  	10-12, Boulevard F.D. Roosevelt
			
		 		  	Luxembourg L-2450
			
		 		  	Grand Duchy of Luxembourg

  
 26 

	17.4	 Initial MPP Participants 

Details as shown in Appendix A. 
  

	17.5	 Further MPP Participants 

Details as notified upon accession to the Agreement by each Further MPP Participant. 

 

	17.6	 Any Party may change its address for the purpose of this Agreement by giving written notice of the
change to the other Parties. 

  

	17.7	 All notices, demands and other notifications sent by registered mail are deemed to have been received on
the day noted on the attached return receipt as the date of receipt. 

  

	18	 DATA PROTECTION 

 

	18.1	 The Investor and MPP Co shall process personal data in accordance with the applicable data protection
laws, including, but not limited to, the Regulation (EU) 2016/679 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (the “GDPR”), as implemented into or
complemented by the applicable national law (together, the “Data Protection Laws”). The terms “personal data”, “data subject”, “controllers, “processors”, “processing” and other data
protection terms in this clause and in Annex 7 must be understood as defined in the Data Protection Laws. 

  

	18.2	 Each MPP Participant acknowledges having read and understood the Privacy Notice attached as Annex 7
of this Agreement. 

  

	18.3	 Where the MPP Participants are individuals, they shall be considered as “data subjects” under
the Data Protection Laws. In such a case, each MPP Participant hereby represents and warrants that any personal data provided to the Investor, MPP Co, and the Group Companies is accurate. 

 

	18.4	 Where the MPP Participants are legal persons providing the Investor, MPP Co, and/or the Group Companies
with personal data relating to a data subject, the MPP Participants represent and warrant that: 

  

	 	(a)	 any such personal data been lawfully collected and provided to the Investor, MPP Co, and/or the Group
Companies; 

  

	 	(b)	 they have informed the relevant data subjects about the processing of their personal data as required by the
Data Protection Laws and, including by providing them with a copy of the Privacy Notice attached as Annex 7 of this Agreement; 

  

	 	(c)	 where required by the Investor, MPP Co, or the Group Companies, they have obtained the valid consent of the
data subjects for the processing of their personal data by the Investor, MPP Co, and/or the Group Companies; and 

  

	 	(d)	 they shall reasonably assist the Investor, MPP Co, and/or the Group Companies in complying with their
respective obligations under the Data Protection Laws, including the obligation to respond to requests from data subjects, to ensure the accuracy of the personal data and to notify personal data breaches. 

  
 27 

	19	 TAX TREATMENT 

 

	19.1	 Each of the Parties shall use commercially reasonable efforts to obtain a favourable tax ruling with
respect to MPP Co with the cantonal tax authorities of St. Gallen, Switzerland. 

  

	19.2	 If and to the extent the cantonal tax authorities of St. Gallen, Switzerland request amendments to this
Agreement, the Parties shall discuss in good faith such amendments and, upon reasonable request of the Investor, the Parties shall do all necessary acts to amend this Agreement accordingly. 

 

	19.3	 Notwithstanding anything in this Agreement, none of the Parties guarantees any tax treatment of any tax
authority in relation to MPP Co or any MPP Participant or any direct or indirect Investment in MPP Co. 

  

	19.4	 The Parties shall use reasonable efforts to ensure that MPP Co has sufficient business substance in
Luxembourg for tax purposes, in particular for Luxembourg, Swiss, UK and German purposes. 

  

	20	 MISCELLANEOUS PROVISIONS 

 

	20.1	 If any provision of this Agreement should be or become, in whole or in part, invalid or impracticable,
the validity or practicability of all other provisions or the valid or practicable portion of an invalid or impracticable provision of this Agreement shall not be affected thereby. To the extent to which it is legally possible, an arrangement
appropriately reflecting the purpose and object of this Agreement shall be entered into to take the place of the invalid or impracticable provision. The foregoing applies equally to all gaps in this Agreement which may appear in the course of its
implementation. 

  

	20.2	 Any amendments to this Agreement, including any amendments of this provision, require the written form,
unless a stricter form is mandatorily required by statutory law. 

  

	20.3	 The Investor may amend this agreement and the Articles without the consent of, and upon notice setting
out the amendments to, the other Parties, save that no amendment shall be made pursuant to this Clause 20.3 which would be materially and/or disproportionately adverse to the economic, tax or legal position of CK, MPP Co and/or the MPP Participants
(and the Investor undertakes to CK, MPP Co and the MPP Participants not to make such amendments). Any amendments pursuant to this Clause 20.3 shall be for bona fide purposes and shall not be used to frustrate the rights of a particular Party or
class of investor in MPP Co. 

  

	20.4	 The Parties shall at all times use (or refrain from using) their voting and other rights in MPP Co, and
shall take all other reasonable and lawful steps that are within their power to procure that full effect is given to the terms of this Agreement. 

  

	20.5	 This Agreement shall inure to the benefit of, and be binding upon, the Parties hereto and, subject to
the terms and conditions of this Agreement, the respective successors and assigns of the Parties. Except as expressly provided herein, no party shall transfer, assign or delegate any of the rights or obligations created under this Agreement, except
however to the MPP Participant’s heirs who will be in the event of death of the MPP Participant fully substituted in the MPP Participant s rights and obligations under the Call Option, it being agreed that the Investor (or the Eligible
Purchaser, as the case may be) shall not be obliged to proceed with the notification required under Article 877 of the Luxembourg Civil Code. 

  

	20.6	 This Agreement supersedes all prior negotiations, discussions, communications, understandings and
agreements between the Parties relating to the subject matter of this Agreement and all prior drafts of this Agreement. Nothing herein is intended to, nor shall it be deemed to, constitute between the Parties a partnership, joint venture or other
joint undertaking. Except as provided herein, no Party hereto has, or shall be deemed to have any right or authority to act on behalf of any other party hereto as its agent or otherwise and, in particular, the liability of the Parties shall be
several. 

  
 28 

	20.7	 No delay by omission of any party in exercising any right, power, privilege or remedy under this
Agreement shall operate to impair such right, power, privilege or remedy or be construed as a waiver thereof. Any single or partial exercise of any such right, power, privilege or remedy shall not preclude any other future exercise thereof or the
exercise of any other right, power, privilege or remedy. The waiver, express or implied, by any party of any right under this Agreement or any failure to perform or breach by another party shall not constitute or be deemed to a waiver of any other
right under this Agreement. 

  

	20.8	 The Parties expressly acknowledge that the payment of damages shall not constitute sufficient remedy for
any breach of obligations under this Agreement and/or any instrument or document entered hereunder or in connection with this Agreement. In particular, each MPP Participant hereby expressly agrees and acknowledges that it may not excuse itself of
any obligation hereunder by paying damages and, to the maximum extent permitted by law, hereby waives the benefit of article 1142 of the Luxembourg Civil Code (however without prejudice to the right of any other Party hereunder to rely on such
article in order to obtain remedy for any breach of obligations hereunder) with respect to the Call Option, any voting arrangement contained herein, and/or any other obligation to do (obligation de faire) or to abstain from doing something
(obligation de ne pas faire) under this Agreement and/or any instrument or document entered hereunder or in connection with this Agreement. Each MPP Participant further acknowledges and agrees that the Investor and/or MPP Co may request the
performance (execution forcée) of this Agreement (including without limitation, of the Call Option), including through legal recourse under summary proceedings (en référé) without prejudice to any other
remedies to which they may be entitled, including the payment of damages. In addition, the Parties acknowledge and agree that any specific performance action (action en exécution forcée) in respect of this Agreement and/or any
instrument or document entered hereunder or in connection with this Agreement will constitute an adequate and proportionate course of action. 

  

	20.9	 Notwithstanding any other provision of this Agreement, the provisions of Annex 6 shall be
incorporated and apply to this Agreement. The Parties shall co-operate to ensure the principles of this Section 20.9 are given effect. 

  
 29 

 Signed on the date set forth on the cover page in four (4) originals by: 

Blackbird HoldCo S.a r.l 
 By /s/ Hafiz Lalani 

Name: Hafiz Lalani 
 Title : Authorised Signatory 

[Signature Page to Management Participation Program Agreemenij 

  
 30 

 Slam lnvestCo S.a r.l. 

By /s/ Godfrey Abel 
 Name: Godfrey Abel 

Title: Authorised Signatory 
 [Signature Page
to Management Participation Program Agreement] 

  
 31 

 Appendix A 

List of MPP Participants with Details 
  

									
	 Name
	  	Surname	  	Private Address	  	Date of Birth	  	Details on
Investment
Vehicle as
applicable

  
 32 

 Annex 1 

Capital Structure of MPP Co 
  

																									
	 Shareholders
	  	Shares	 	  	 	 	  	BCs	 	  	 	 	  	BC voting matters	 
	 	  	#	 	  	%	 	  	#	 	  	%	 	  	#	 	  	%	 
	 Blackbird HoldCo (class A)
	  	 	1,200,000	 	  	 	82.96	 	  	 	0	 	  	 	0.00	 	  	 	1,200,000	 	  	 	34.82	 
	 MPP Participants (class B)
	  	 	246,500	 	  	 	17.04	 	  	 	0	 	  	 	0.00	 	  	 	246,500	 	  	 	7.15	 
	 FTP
	  	 	0	 	  	 	0.00	 	  	 	2,000,000	 	  	 	100.00	 	  	 	2,000,000	 	  	 	58.03	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	1,446,500	 	  	 	100	 	  	 	2,000,000	 	  	 	100	 	  	 	3,446,500	 	  	 	100	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  
 33 

 Annex 2 

Articles of Incorporation of MPP Co 

  
 34 

 Annex 3 

Certificates Purchase Agreement 

  
 35 

 Annex 4 

Shares of MPP Participants and other investors in MPP Co 
  

													
	 MPP Participant
	  	Ordinary
Shares EUR	 	  	Premium on
Ordinary
Shares EUR	 	  	Total Investment
EUR	 
	 MPP Participants
	  	 	2,465	 	  	 	17,252,535	 	  	 	17,255,000	 

  

																	
	 Investing entity
	  	Preferred
Shares
EUR	 	  	Premium
on
Preferred
Shares
EUR	 	  	BCs EUR	 	  	Total Investment
EUR	 
	 Investor
	  	 	12,000	 	  	 	0	 	  	 	0	 	  	 	12,000	 
	 FTP
	  	 	0	 	  	 	0	 	  	 	200	 	  	 	200	 

  
 36 

 Annex 5 

Form of Deed of Undertaking 

  
 37 

 Annex 6 

30% Rule Provisions 
  

	1	 Notwithstanding any other provision of this Agreement, no CPPIB Entity shall be required or permitted to
make any investment in MPP Co and/or any Group Company, or take any action or step, or to cause any other person to take any action or step, that would be reasonably expected to cause any such CPPIB Entity to be in breach of or to contravene the 30%
Rule. 

  

	2	 The Parties will co-operate with the relevant CPPIB Entities to
assist the CPPIB Entities to comply with the 30% Rule in relation to their investment in MPPCo (including any additional investments following the date hereof). In furtherance of the foregoing, each MPP Participant and MPP Co agrees to take (or omit
to take) any action or step reasonably requested by any CPPIB Entity, including a change in the authorised capital of MPP Co or the authorised number of BCs, the issuance or transfer of BCs to any FTP, and/or any amendment of the Articles, that is
necessary to avoid any breach or potential breach of the 30% Rule, including those arising in connection with the potential exercise of any rights under this Agreement. 

 

	3	 The Parties agree that the BCs may be transferred to and from the FTP and other person that becomes an
FTP. 

  

	4	 In this Agreement: 

“30% Rule” means those restrictions set out in Section 13 of the Canada Pension Plan Investment Board Regulations, SOR/99-190, that prohibit CPPIB from investing, directly or indirectly, in the securities of a corporation to which are attached more than 30 per cent. of the votes that may be cast to elect or remove the
directors of that corporation, including any amendment or replacement of that rule; 
 “CPPIB Entity” means CPPIB and any
subsidiary thereof (including, for the avoidance of doubt, the Investor); and 
 “FTP” means each person that holds BCs in
order to comply with the 30% Rule, in each case, over which a CPPIB Entity is entitled to direct the exercise of the votes attached to such BCs and to direct the transfer of such BCs. 

  
 38 

 Annex 7 

Privacy Notice 

INTRODUCTION 
 This
Privacy Notice explains how the Investor, MPP Co, and the Group Companies (“we” or “us”) collect, share or otherwise process the personal data of (prospective) MPP Participants or beneficial owners who are
individuals (“you”). 
 We are committed to handling information about you responsibly and we would like to let you know
that your privacy is important to us. Your personal data shall only be processed in accordance with the applicable data protection law, and in particular the General Data Protection Regulation (the “GDPR”). 

This Privacy Notice provides information about what personal data we collect about you, the purposes for which we may use these data, and the
circumstances in which these data may be disclosed to third parties or transferred to third countries. This Privacy Notice also explains your rights as a data subject. 

IMPORTANT REMARK 
 Please
note that your personal data are necessary for us to be able to perform our contractual obligations or to comply with applicable laws. 

WHICH PERSONAL DATA DO WE COLLECT ABOUT YOU? 

We will only collect and process identification data (e.g. your name, profession, address, date of birth) as well as personal data as may have
a bearing on your participation, or the acquisition, the holding or the Disposal of Shares and any substitute therefor (e.g. your bank account details and the number of shares that you hold). 

WHY DO WE COLLECT YOUR PERSONAL DATA? 

Your personal data may be processed for the following purposes (the “Purposes”): 

 

	 	a)	 for assessing your qualification as an MPP Participant; 

 

	 	b)	 for managing your Investment; 

 

	 	c)	 for maintaining the register of Shares and MPP Participants, and other registers mandatory to be kept by law;

  

	 	d)	 for communicating with you or your representative(s) as necessary in connection with your affairs and generally
in connection with your Investment; 

  

	 	e)	 for complying with our regulatory, fiscal, tax information reporting, anti-trust, anti-money laundering and
terrorist financing and other legal, regulatory and contractual obligations (our “Regulatory Requirements”); 

  

	 	f)	 for internal administration; 

 

	 	g)	 for detecting or preventing fraud; 

 

	 	h)	 for protecting or defending our assets and interests, as well as the interests and assets of our affiliates,
including in the context of the establishment, exercise or defence of a legal claim, and assessing compliance with contractual arrangements. 

  
 39 

 WHAT ARE THE LEGAL GROUNDS OF THE PROCESSING? 

We only process your personal data when we have a lawful ground to do so. In particular, the processing of your personal data is based on the
following legal grounds: 
  

	 	1)	 processing is necessary for the performance of our contractual obligations and the exercise of our contractual
rights; 

  

	 	2)	 processing is necessary for compliance with our legal obligations (including Regulatory Requirements);

  

	 	3)	 processing is necessary for the performance of a task carried out in the public interest, such as anti-money
laundering or fraud prevention; and 

  

	 	4)	 processing is necessary for the purposes of our legitimate interests to ensure the proper administration,
management, promotion and protection of our activities or assets. 

 WITH WHOM DO WE SHARE YOUR PERSONAL DATA? 

In order to achieve the above-specified Purposes, we may have to disclose your personal data to third parties (the
“Recipients”), and in particular: 
  

	 	1)	 our respective shareholders and corporate bodies (and the members thereof) as well as all advisors, agents,
employees or executives thereof, and other MPP Participants; 

  

	 	2)	 our appointed legal and professional advisors and auditors; 

 

	 	3)	 our support service providers, such as our IT service provider, engaged for the maintenance of our IT systems,
software and business applications. 

 We will undertake reasonable efforts to ensure that all these Recipients have committed themselves
to confidentiality or are under an appropriate statutory obligation of confidentiality under reasonable terms, but will bear no responsibility for breaches of their respective obligations. 

Finally, please note that we may also be obliged to share some of your personal data with the competent governmental or regulatory authorities or agencies,
such as but without limitation the Luxembourg Register of Trade and Companies (RCS). 
 3. CROSS-BORDER TRANSFERS OF PERSONAL DATA 

Some of the above-mentioned Recipients may be situated or operating in territories outside the European Economic Area (EEA), including in countries which do
not ensure an adequate level of data protection (“Non-adequate Countries”). In the case of a transfer of personal data to a Non- adequate Country, we will implement appropriate safeguards in
accordance with article 46 of the GDPR, in order to ensure that your rights as a data subject are complied with and that effective legal remedies are available. In particular, where appropriate, we will enter into the standard data protection
clauses adopted by the European Commission. You may obtain a redacted copy of such appropriate safeguards upon request. 
 In the absence of appropriate
safeguards, we will not transfer your personal data towards a Non- adequate Country, unless a specific derogation applies in the sense of article 49 of the GDPR. In particular, where appropriate, we may request your explicit consent with respect to
the transfer of your personal data towards a Non-adequate Country. Such request for consent will be addressed to you separately, in a clear manner and prior to the transfer. 

4. RETENTION OF PERSONAL DATA 
 Your personal data shall
be stored for no longer than necessary in relation to the above specified Purposes. After that period, your personal data will be erased or anonymised, unless a longer storage period is required by law, or unless your personal data are still
necessary for us or for one of our affiliates in the context of the establishment, exercise or defence of a legal claim. 
 5. YOUR RIGHTS 

As a data subject, you have certain rights in relation to your person data. In particular, you may be given access to your personal data, obtain a copy of your
personal data, require their rectification or erasure and/or exercise your right to data portability, within the limits set in the data protection laws. You may also object to, or request restriction of, the processing in accordance with and within
the limits set in the data protection laws. 

  
 40 

 When the processing of your personal data is based on your consent, you also have the right to withdraw that
consent at any time. 
 Before responding to a request in relation to the exercise of one of the above-mentioned rights, we may have to first verify your
identity and the rightfulness of your claim or request. 
 Please note that you also have the right to lodge a complaint with the competent supervisory
authority in case you consider that we have infringed data protection laws (in Luxembourg, the Commission Nationale pour la Protection des Données). 

6. ENQUIRIES 
 If you have any requests or questions in
relation to the processing of your personal data, please contact us at LU-Blackbird@intertrustgroup.com (with a copy to: ProjectBlackbird@Linklaters.com, syan@cppib.com and lindadu@cppib.com). 

7. CHANGES TO THIS PRIVACY NOTICE 
 We reserve the right
to amend this Privacy Notice from time to time. A copy of the revised Notice will be made available to you in accordance with Section 17 of this Agreement. 

  
 41 

 AMENDMENT TO 

MANAGEMENT PARTICIPATION PROGRAM AGREEMENT 

This Amendment (the “Amendment”) to that certain Management Participation Agreement (the “MPP Agreement”)
dated as of May 6, 2019 by and among Blackbird Holdco Ltd., a registered private company organized under the laws of Jersey (“Investor”), Slam InvestCo S.à.r.l., a private limited liability company organized under the
laws of Luxembourg (“MPPCo”) and the MPP Participants is hereby made and agreed to by and among the Investor, MPPCo and the undersigned MPP Participants as of the date(s) set forth on the signature pages hereto. Capitalized terms
used but not defined herein have the same meanings as in the MPP Agreement. 
 RECITALS 

WHEREAS, the Investor, MPPCo and the undersigned MPP Participants desire to clarify and confirm the rights of MPP Participants under
the MPP Agreement in connection with an initial public offering or business combination transaction with a special purpose acquisition company. 

NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto
agree as follows: 
 AMENDMENT 

Section 1.1. Amendment to Section 1.1 of the MPP Agreement. The definitions of IPO and Investment Bank are
amended in their entirety to read as follows: 
 “IPO” means (i) the listing of the shares of Sportradar Holding or any
other Group Company or other entity (including any newly formed parent company) holding directly or indirectly all or substantially all of the assets of the Group (any such entity, a “Sportradar Entity”) on a stock exchange or other
authorised marketplace for public trading in shares, or (ii) the consummation of any merger or other business combination transaction between a Sportradar Entity and a special purpose acquisition company or similar entity (or affiliate
thereof), following which the shares of the Sportradar Entity or the shares of such special purpose acquisition company or similar entity are listed on a stock exchange or other authorised marketplace for public trading in shares, provided that, in
either case, some of the shares listed in connection with such a listing are sold to one or more Third Party Purchasers. 

“Investment Bank” means, as applicable, (i) the investment bank or group of investment banks carrying out the IPO
pursuant to Section 5.3 or any related transactions, and (ii) the special purpose acquisition company or similar entity or counterparty (or sponsor thereof) in an IPO transaction involving such an entity. 

Section 1.2. Amendment to Section 5.3 of the MPP Agreement. The following terms and conditions are added and
shall be deemed incorporated into Section 5.3 of the MPP Agreement and shall control over any conflicting provision of the MPP Agreement (including Section 5.3.2 and Section 7.1.5): 

(a)    Upon the occurrence of an IPO, unless otherwise determined by the Investor, the MPP Participants will receive only
shares of the listed company (the “IPO Issuer”) in exchange for their Shares (the “IPO Exchange”), which shares of the IPO Issuer will, as of the date of the IPO, with respect to a portion thereof be unvested and
subject to forfeiture as set forth herein and will vest in accordance with the vesting schedule set forth below. 

  
 42 

 (b)    The shares of the IPO Issuer received by the MPP Participants in
connection with the IPO Exchange (the “IPO Issuer Shares”) will (except as may otherwise be set forth in a separate written agreement between an MPP Participant and MPPCo addressing the
post-IPO vesting of IPO Issuer Shares) vest (i) as to the Initial Vesting Tranche of the IPO Issuer Shares, on the date the IPO is consummated (the “IPO Date”), and (ii) as to the
remainder of the IPO Issuer Shares, in equal annual installments on December 31 of each year (each an “Annual Vesting Date”) with (A) the first installment vesting on December 31 of the year following the year in which the
IPO occurs (the “First Annual Vesting Date”), (B) the last installment vesting on December 31, 2024 (the “Last Annual Vesting Date”) and (C) the number of annual installments being equal to the number of
Annual Vesting Dates. For purposes of the foregoing, the percentage of each MPP Participant’s IPO Issuer Shares in the “Initial Vesting Tranche” shall be equal to 35% if the IPO occurs in 2021; 53% if the IPO occurs in
2022; and 71% if the IPO occurs in 2023. Notwithstanding anything herein to the contrary, if the IPO occurs in 2024, the IPO Issuer Shares will be 88% vested upon the IPO Date and the remainder of the IPO Issuer Shares will vest on December 31,
2024. Exhibit A attached hereto sets out certain examples implementing the foregoing vesting schedule. 
 (c)    In
addition to the restrictions that may be imposed upon MPP Participants’ IPO Issuer Shares under Section 5.3.3 and the other provisions of the MPP, the MPP Participants will not be permitted at any time to Dispose of any unvested IPO Issuer
Shares (other than as may be permitted under Section 4.3 of the MPP Agreement). For the avoidance of doubt, only IPO Issuer shares that are vested are eligible to be Disposed of pursuant to Section 5.3.2 of the MPP Agreement. 

(d)    If a Leaver Event (other than a Good Leaver Event) occurs with respect to an MPP Participant, then all of the MPP
Participant’s IPO Issuer Shares that are unvested as of the date of the Leaver Event will be subject to repurchase, at the election of the IPO Issuer, by the IPO Issuer (or, if determined by the IPO Issuer, the Investor or any other person or
entity designated by the IPO Issuer) for an amount in cash equal to the excess, if any, of (A) the amount the MPP Participant paid to purchase the MPP Participant’s Shares in MPPCo over (B) the sum of (i) all cash previously
received by the MPP Participant in respect of the MPP Participant’s participation in the MPP Agreement (including any cash received in connection with an IPO and any sale proceeds of any vested IPO Issuer Shares) and (ii) the fair market
value at the time of such repurchase of any vested IPO Issuer Shares held by the Participant (including IPO Issuer Shares that the Issuer may determine in its discretion not to repurchase). If there is no excess, then such repurchase shall be for
zero (or, to the extent required by law, nominal) consideration. Notice of repurchase, if any, shall be given in writing within one hundred eighty days after the date of the Leaver Event and any unvested IPO Issuer Shares not repurchased shall
become fully vested at the end of such one hundred eighty-day period. 

(e)    If a Good Leaver Event occurs with respect to an MPP Participant after the occurrence of an IPO, then such MPP
Participant’s IPO Issuer Shares shall immediately thereupon be considered fully vested. 
 (f)    Notwithstanding
anything herein or in the MPP Agreement to the contrary, following the occurrence of an IPO, the circumstances described in Section 7.1.3(v) shall not constitute a Leaver Event or a Good Leaver Event for any purpose under the MPP Agreement or
this Amendment. 
 (g)    In the event that the vesting of IPO Issuer Shares results in a tax withholding obligation for
the IPO Issuer (or subsidiary thereof) as a result of an MPP Participant incurring compensation income or similar taxes associated with the value of the IPO Issuer Shares at the time of 

  
 43 

 
vesting (excluding, for the avoidance of doubt, taxes arising as a result of a sale of IPO Issuer Shares by an MPP Participant), then the MPP Participant and the IPO Issuer shall reasonably
cooperate to make arrangements for the satisfaction of all such tax withholding amounts (the “Tax Amounts”) and the MPP Participant will remit a sufficient portion of any sale proceeds from the Transfer of IPO Issuer Shares to the
IPO Issuer (or applicable subsidiary) to satisfy such Tax Amounts (which amounts, for the avoidance of doubt, will be paid over to the relevant taxing authorities). In the event the MPP Participant is not permitted at such time to Transfer a
sufficient portion of the MPP Participant’s IPO Issuer Shares to satisfy the Tax Amounts, the IPO Issuer or one of its subsidiaries will take such actions as are necessary in the reasonable determination of the IPO Issuer to provide an
appropriate liquidity mechanism to the MPP Participant, in respect of such MPP Participant’s IPO Issuer Shares, for the satisfaction of the Tax Amounts, which may, in the reasonable discretion of the IPO Issuer, be in the form of a loan,
repurchase, net settlement or other applicable process as determined by the IPO Issuer, subject in all respects to compliance with laws, regulations, securities exchange listing standards and contractual obligations applicable to the IPO Issuer and
its subsidiaries. 
 (h) The MPP Participants must, upon request in connection with an IPO, enter into any agreements requested by the IPO
Issuer that are reasonably necessary to give effect to the terms set forth herein. 
 Section 1.3. General Provisions. 

(a) Miscellaneous. The provisions of Sections 15, 16, 17 and 20 shall be deemed incorporated herein and this Amendment shall be subject
to such provisions. 
 (b) Counterparts. This Amendment may be executed in any number of multiple counterparts (including facsimile
or electronic counterparts), all of which together shall constitute a single instrument. 
 (c) No Other Amendments. Except as
expressly amended or modified hereby, the terms and conditions of the MPP Agreement shall continue in full force and effect. 
 (d)
References to the MPP Agreement. Each reference to the MPP Agreement, “hereof’, “hereunder”, “herein” and “hereby” and each similar reference or cross-reference to sections contained in the MPP
Agreement shall refer to the MPP Agreement as amended hereby, except where the context otherwise requires. 
 [Signature page
follows.] 

  
 44 

 IN WITNESS WHEREOF, each of the undersigned has duly executed this Amendment: 

 

			
	BLACKBIRD HOLDCO S.À.R.L.
		
	By:	 	/s/ Hafiz Lalani            /s/ John Doran
	Name:	 	Hafiz Lalani & John Doran
	Title:	 	Authorized Signatories

  

			
	SLAM INVESTCO S.À.R.L.
		
	By:	 	/s/ Jean-Christophe Gladek             /s/ Godfrey Abel
	Name:	 	Jean-Christophe Gladek & Godfrey Abel
	Title:	 	Authorized Signatories

 [Additional Signatures Follow] 

 
			
	 MPP PARTICIPANT

		
	By:	 	/s/ Authorized Signatory
		 	Authorized Signatory

 EXHIBIT A 

Vesting Examples 
 The following examples
illustrate the intended vesting schedule set forth in Section 1.2(b). All examples assume the MPP Participant’s initial entry into the MPP Agreement occurred in May 2019: 

 

	 	1.	 Assume the IPO is consummated in 2021: 

 

					
	 Vesting Date
	  	Percentage of IPO Issuer
Shares Vesting	 	Cumulative Percentage
of IPO Issuer Shares
Vested
	 IPO Date
	  	35%	 	35%
	 December 31, 2022
	  	22%	 	57%
	 December 31, 2023
	  	22%	 	79%
	 December 31, 2024
	  	21%	 	100%

  

	 	2.	 Assume the IPO is consummated in 2022: 

 

					
	 Vesting Date
	  	Percentage of IPO Issuer
Shares Vesting	 	Cumulative Percentage
of IPO Issuer Shares
Vested
	 IPO Date
	  	53%	 	53%
	 December 31, 2023
	  	24%	 	77%
	 December 31, 2024
	  	23%	 	100%

  

	 	3.	 Assume the IPO is consummated in 2023: 

 

					
	 Vesting Date
	  	Percentage of IPO Issuer
Shares Vesting	 	Cumulative Percentage
of IPO Issuer Shares
Vested
	 IPO Date
	  	71%	 	71%
	 December 31, 2024
	  	29%	 	100%

  

	 	4.	 Assume the IPO is consummated in 2024:* 

 

					
	 Vesting Date
	  	Percentage of IPO Issuer
Shares Vesting	 	Cumulative Percentage
of IPO Issuer Shares
Vested
	 IPO Date
	  	88%	 	88%
	 December 31, 2024
	  	12%	 	100%

  

	*	 IPO Issuer Shares are 100% vested if the IPO occurs on or after December 31, 2024.EX-10.3

 Exhibit 10.3 

 

SPORTRADAR GROUP AG 

2021 INCENTIVE AWARD PLAN 

ARTICLE I. 
 PURPOSE

 The Plan’s purpose is to enhance the Company’s ability to attract, retain and motivate persons who make (or are expected to
make) important contributions to the Company by providing these individuals with equity ownership opportunities. Capitalized terms used in the Plan are defined in Article XI. 

ARTICLE II. 
 ELIGIBILITY

 Service Providers are eligible to be granted Awards under the Plan, subject to the limitations described herein, the articles of
association of the Company and the OaeC. 
 ARTICLE III. 

ADMINISTRATION AND DELEGATION 

3.1    Administration. The Plan is administered by the Administrator. With regard to
C-level employees of the Company, the Board, upon recommendation of the Committee, determines which Service Providers shall receive Awards, grant Awards and set Award terms and conditions, subject to the
conditions and limitations in the Plan and subject to approval by the shareholders’ meeting of the Company in accordance with the applicable provisions of the Company’s articles of association and OaeC. The Administrator has authority to
determine which other Service Providers (excluding C-level employees) receive Awards, grant Awards and set Award terms and conditions, subject to the conditions and limitations in the Plan. The Administrator
also has the authority to take all actions and make all determinations under the Plan, to interpret the Plan and Award Agreements and to adopt, amend and repeal Plan administrative rules, guidelines and practices as it deems advisable. The
Administrator may correct defects and ambiguities, supply omissions and reconcile inconsistencies in the Plan or any Award as it deems necessary or appropriate to administer the Plan and any Awards. Subject to the foregoing, the Administrator’s
determinations under the Plan are in its sole discretion and will be final and binding on all persons having or claiming any interest in the Plan or any Award. 

3.2    Appointment of Committees; Delegation. Other than with respect to Service Providers who are C-level employees and to the extent Applicable Laws permit, the Board may delegate any or all of its powers under the Plan to the Committee as elected by the shareholders’ meeting of the Company or, to the
extent permitted by law to one or more officers or Directors of the Company, as determined by the Board or the Committee from time to time. 

ARTICLE IV. 
 SHARES
AVAILABLE FOR AWARDS 
 4.1    Number of Shares. Subject to adjustment under Article VIII and the terms
of this Article IV, Awards may be made under the Plan covering up to the Overall Share Limit. Shares issued under the Plan may consist of authorized but unissued Shares, Shares purchased on the open market or treasury Shares. 

 4.2    Share Recycling. If all or any part of an Award expires,
lapses or is terminated, exchanged for cash, surrendered, repurchased, cancelled without having been fully exercised or forfeited, in any case, in a manner that results in the Company acquiring Shares covered by the Award at a price not greater than
the price (as adjusted to reflect any Equity Restructuring) paid by the Participant for such Shares or not issuing any Shares covered by the Award, the unused Shares covered by the Award will, as applicable, become or again be available for Award
grants under the Plan. Further, Shares delivered (either by actual delivery or attestation) to the Company by a Participant to satisfy the applicable exercise or purchase price of an Award and/or to satisfy any applicable tax withholding obligation
(including Shares retained by the Company from the Award being exercised or purchased and/or creating the tax obligation) will, as applicable, become or again be available for Award grants under the Plan. The payment of Dividend Equivalents in cash
in conjunction with any outstanding Awards shall not count against the Overall Share Limit. 
 4.3    Conversion of
Prior Plan Awards. As of the Plan’s effective date under Section 10.3, the Company will cease granting awards under the Prior Plan and all outstanding Prior Plan Awards will, in accordance with the terms thereof, be converted into
Restricted Share Units granted under this Plan (the “Converted Awards”). For the avoidance of doubt, the Converted Awards shall be considered as Awards granted under this Plan for purposes of Section 4.1 and 4.2 and shall count
against the Overall Share Limit. 
 4.4    Incentive Stock Option Limitations. Notwithstanding anything to the
contrary herein, no more than            Shares may be issued pursuant to the exercise of Incentive Stock Options. 

4.5    Substitute Awards. In connection with an entity’s merger or consolidation with the Company or the
Company’s acquisition of an entity’s property or shares, the Administrator may grant Awards in substitution for any options or other share or share-based awards granted before such merger or consolidation by such entity or its affiliate.
Substitute Awards may be granted on such terms as the Administrator deems appropriate, notwithstanding limitations on Awards in the Plan. Substitute Awards will not count against the Overall Share Limit (nor shall Shares subject to a Substitute
Award be added to the Shares available for Awards under the Plan as provided above), except that Shares acquired by exercise of substitute Incentive Stock Options will count against the maximum number of Shares that may be issued pursuant to the
exercise of Incentive Stock Options under the Plan. Additionally, in the event that a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a
pre-existing plan approved by shareholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such
pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration
payable to the holders of common shares of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant under the Plan (and Shares subject to such Awards shall not
be added to the Shares available for Awards under the Plan as provided above); provided that Awards using such available shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not Employees or Directors prior to such acquisition or combination. 

ARTICLE V. 
 SHARE
OPTIONS AND SHARE APPRECIATION RIGHTS 
 5.1    General. The Administrator may grant Options or Share
Appreciation Rights to Service Providers subject (i) to the limitations in the Plan, including any limitations in the Plan that apply to Incentive Stock Options and (ii) to the approval of the shareholders’ meeting of the Company if
granted to Service Providers who are C-level employees of the Company. The Administrator will determine the number of Shares covered by each Option and Share Appreciation Right, the exercise price of each
Option and Share Appreciation Right and the conditions and limitations applicable to the exercise of each Option 

  
 2 

 
and Share Appreciation Right. A Share Appreciation Right will entitle the Participant (or other person entitled to exercise the Share Appreciation Right) to receive from the Company upon exercise
of the exercisable portion of the Share Appreciation Right an amount determined by multiplying the excess, if any, of the Fair Market Value of one Share on the date of exercise over the exercise price per Share of the Share Appreciation Right by the
number of Shares with respect to which the Share Appreciation Right is exercised, subject to any limitations of the Plan or that the Administrator may impose and payable in cash, Shares valued at Fair Market Value or a combination of the two as the
Administrator may determine or provide in the Award Agreement. 
 5.2    Exercise Price. The Administrator will
establish each Option’s and Share Appreciation Right’s exercise price and specify the exercise price in the Award Agreement. The exercise price will not be less than 100% of the Fair Market Value on the grant date of the Option or Share
Appreciation Right. 
 5.3    Duration. Each Option or Share Appreciation Right will be exercisable at such times
and as specified in the Award Agreement, provided that the term of an Option or Share Appreciation Right will not exceed ten years. Notwithstanding the foregoing and unless determined otherwise by the Company, in the event that on the last business
day of the term of an Option or Share Appreciation Right (other than an Incentive Stock Option) (i) the exercise of the Option or Share Appreciation Right is prohibited by Applicable Law, as determined by the Company, or (ii) Shares may
not be purchased or sold by the applicable Participant due to any Company insider trading policy (including blackout periods) or a “lock-up” agreement undertaken in connection with an issuance of
securities by the Company, the term of the Option or Share Appreciation Right shall be extended until the date that is thirty (30) days after the end of the legal prohibition, black-out period or lock-up agreement, as determined by the Company; provided, however, in no event shall the extension last beyond the ten year term of the applicable Option or Share Appreciation Right. Notwithstanding the foregoing,
if the Participant, prior to the end of the term of an Option or Share Appreciation Right, violates the non-competition, non-solicitation, confidentiality or other
similar restrictive covenant provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company or any of its Subsidiaries, the right of the Participant and the
Participant’s transferees to exercise any Option or Share Appreciation Right issued to the Participant shall terminate immediately upon such violation, unless the Company otherwise determines. In addition, if, prior to the end of the term of an
Option or Share Appreciation Right, the Participant is given notice by the Company or any of its Subsidiaries of the Participant’s Termination of Service by the Company or any of its Subsidiaries for Cause, and the effective date of such
Termination of Service is subsequent to the date of the delivery of such notice, the right of the Participant and the Participant’s transferees to exercise any Option or Share Appreciation Right issued to the Participant shall be suspended from
the time of the delivery of such notice until the earlier of (i) such time as it is determined or otherwise agreed that the Participant’s service as a Service Provider will not be terminated for Cause as provided in such notice or
(ii) the effective date of the Participant’s Termination of Service by the Company or any of its Subsidiaries for Cause (in which case the right of the Participant and the Participant’s transferees to exercise any Option or Share
Appreciation Right issued to the Participant will terminate immediately upon the effective date of such termination of Service). 

5.4    Exercise. Options and Share Appreciation Rights may be exercised by delivering to the Company a written
notice of exercise, in a form the Company approves (which may be electronic), signed by the person authorized to exercise the Option or Share Appreciation Right, together with, as applicable, payment in full (i) as specified in Section 5.5
for the number of Shares for which the Award is exercised and (ii) as specified in Section 9.5 for any applicable taxes. Unless the Administrator otherwise determines, an Option or Share Appreciation Right may not be exercised for a
fraction of a Share. 

  
 3 

 5.5    Payment Upon Exercise. Subject to Section 10.8, any
Company insider trading policy (including blackout periods) and Applicable Laws, the exercise price of an Option must be paid by: 

(a)    cash, wire transfer of immediately available funds or by check payable to the order of the Company, provided that
the Company may limit the use of one of the foregoing payment forms if one or more of the payment forms below is permitted; 

(b)    if there is a public market for Shares at the time of exercise, unless the Company otherwise determines,
(A) delivery (including telephonically to the extent permitted by the Company) of an irrevocable and unconditional undertaking by a broker acceptable to the Company to deliver promptly to the Company sufficient funds to pay the exercise price,
or (B) the Participant’s delivery to the Company of a copy of irrevocable and unconditional instructions to a broker acceptable to the Company to deliver promptly to the Company cash or a check sufficient to pay the exercise price;
provided that such amount is paid to the Company at such time as may be required by the Administrator; 
 (c)    to the
extent permitted by the Administrator, delivery (either by actual delivery or attestation) of Shares owned by the Participant valued at their Fair Market Value; 

(d)    to the extent permitted by the Administrator, surrendering Shares then issuable upon the Option’s exercise
valued at their Fair Market Value on the exercise date; 
 (e)    to the extent permitted by the Administrator, delivery
of a promissory note or any other property that the Administrator determines is good and valuable consideration; or 

(f)    to the extent permitted by the Company, any combination of the above payment forms approved by the Administrator.

 ARTICLE VI. 

RESTRICTED SHARES; RESTRICTED SHARE UNITS 

6.1    General. The Administrator may grant Restricted Shares, or the right to purchase Restricted Shares, to any
Service Provider, subject (i) to the Company’s right to nominate a purchaser or nominee of their choosing to repurchase all or part of such shares at their issue price or other stated or formula price from the Participant (or to require
forfeiture of such shares) if conditions the Administrator specifies in the Award Agreement are not satisfied before the end of the applicable restriction period or periods that the Administrator establishes for such Award and (ii) to the
approval of the shareholders’ meeting of the Company if granted to Service Providers who are C-level employees of the Company. In addition, the Administrator may grant to Service Providers Restricted
Share Units, which may be subject to vesting and forfeiture conditions during the applicable restriction period or periods, as set forth in an Award Agreement. The Administrator will determine and set forth in the Award Agreement the terms and
conditions for each Restricted Share and Restricted Share Unit Award, subject to the conditions and limitations contained in the Plan. 

6.2    Restricted Shares. 

(a)    Dividends. Participants holding Restricted Shares will be entitled to all ordinary cash dividends paid with
respect to such Shares, unless the Administrator provides otherwise in the Award Agreement. In addition, unless the Administrator provides otherwise, if any dividends or distributions are paid in Shares, or consist of a dividend or distribution to
holders of Common Shares of property other than an ordinary cash dividend, the Shares or other property will be subject to the same restrictions on transferability and forfeitability as the Restricted Shares with respect to which they were paid.

  
 4 

 (b)    Share Certificates. The Company may require that the
Participant deposit in escrow with the Company (or its designee) any share certificates issued in respect of Restricted Shares, together with a share power endorsed in blank. 

6.3    Restricted Share Units. 

(a)    Settlement. The Administrator may provide that settlement of Restricted Share Units will occur upon or as
soon as reasonably practicable after the Restricted Share Units vest or will instead be deferred, on a mandatory basis or at the Participant’s election, in a manner intended to comply with Section 409A. 

(b)    Shareholder Rights. A Participant will have no rights of a shareholder with respect to Shares subject to any
Restricted Share Unit unless and until the Shares are delivered in settlement of the Restricted Share Unit. 

(c)    Dividend Equivalents. If the Administrator provides, a grant of Restricted Share Units may provide a
Participant with the right to receive Dividend Equivalents. Dividend Equivalents may be paid currently or credited to an account for the Participant, settled in cash or Shares and subject to the same restrictions on transferability and
forfeitability as the Restricted Share Units with respect to which the Dividend Equivalents are granted and subject to other terms and conditions as set forth in the Award Agreement. 

ARTICLE VII. 
 OTHER
SHARE OR CASH BASED AWARDS 
 Other Share or Cash Based Awards may be granted to Participants, including Awards entitling Participants
to receive Shares to be delivered in the future and including annual or other periodic or long-term cash bonus awards (whether based on specified Performance Criteria or otherwise), in each case subject to any conditions and limitations in the Plan.
Such Other Share or Cash Based Awards will also be available as a payment form in the settlement of other Awards, as standalone payments and as payment in lieu of compensation to which a Participant is otherwise entitled. Other Share or Cash Based
Awards may be paid in Shares, cash or other property, as the Administrator determines. Subject to the provisions of the Plan, the Administrator will determine the terms and conditions of each Other Share or Cash Based Award, including any purchase
price, performance goal (which may be based on the Performance Criteria), transfer restrictions, and vesting conditions, which will be set forth in the applicable Award Agreement, all subject to the approval of the shareholders’ meeting of the
Company if granted, awarded or paid to Service Providers who are C-level employees of the Company. 

ARTICLE VIII. 

ADJUSTMENTS FOR CHANGES IN SHARES 

AND CERTAIN OTHER EVENTS 

8.1    Equity Restructuring. In connection with any Equity Restructuring, notwithstanding anything to the contrary
in this Article VIII, the Administrator will equitably adjust each outstanding Award as it deems appropriate to reflect the Equity Restructuring, which may include adjusting the number and type of securities subject to each outstanding Award
and/or the Award’s exercise price or grant price (if applicable), granting new Awards to Participants, and making a cash payment to Participants. The adjustments provided under this Section 8.1 will be nondiscretionary and final and
binding on the affected Participant and the Company; provided that the Administrator will determine whether an adjustment is equitable. 

  
 5 

 8.2    Corporate Transactions. In the event of any dividend or
other distribution (whether in the form of cash, Common Shares, other securities, or other property), reorganization, merger, consolidation, combination, amalgamation, repurchase, recapitalization, liquidation, dissolution, or sale, transfer,
exchange or other disposition of all or substantially all of the assets of the Company, or sale or exchange of Common Shares or other securities of the Company, Change in Control, issuance of warrants or other rights to purchase Common Shares or
other securities of the Company, other similar corporate transaction or event, other unusual or nonrecurring transaction or event affecting the Company or its financial statements or any change in any Applicable Laws or accounting principles, the
Administrator, on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event (except that action to give effect to a change in Applicable Law or
accounting principles may be made within a reasonable period of time after such change) and either automatically or upon the Participant’s request, is hereby authorized to take any one or more of the following actions whenever the Administrator
determines that such action is appropriate in order to (x) prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made available under the Plan or with respect to any Award granted or issued under
the Plan, (y) to facilitate such transaction or event or (z) give effect to such changes in Applicable Laws or accounting principles: 

(a)    To provide for the cancellation of any such Award in exchange for either an amount of cash or other property with a
value equal to the amount that could have been obtained upon the exercise or settlement of the vested portion of such Award or realization of the Participant’s rights under the vested portion of such Award, as applicable; provided that, if the
amount that could have been obtained upon the exercise or settlement of the vested portion of such Award or realization of the Participant’s rights, in any case, is equal to or less than zero, then the Award may be terminated without payment;

 (b)    To provide that such Award shall vest and, to the extent applicable, be exercisable as to all shares covered
thereby, notwithstanding anything to the contrary in the Plan or the provisions of such Award; 
 (c)    To provide that
such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by awards covering the share of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate
adjustments as to the number and kind of shares and/or applicable exercise or purchase price, in all cases, as determined by the Administrator; 

(d)    To make adjustments in the number and type of Common Shares (or other securities or property) subject to
outstanding Awards and/or with respect to which Awards may be granted under the Plan (including, but not limited to, adjustments of the limitations in Article IV hereof on the maximum number and kind of shares which may be issued) and/or in the
terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding Awards; 

(e)    To replace such Award with other rights or property selected by the Administrator. If such replacement results in
an alteration of the respective value of an Award then this replacement may be subject to the approval of the shareholders’ meeting of the Company if granted, awarded or paid to Service Providers who are
C-level employees of the Company; and/or 
 (f)    To provide that the Award
will terminate and cannot vest, be exercised or become payable after the applicable event. 
 8.3    Administrative
Stand Still. In the event of any pending share dividend, share split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to shareholders, or any other extraordinary
transaction or change affecting 

  
 6 

 
the Shares or the share price of Common Shares, including any Equity Restructuring or any securities offering or other similar transaction, for administrative convenience, the Administrator may
refuse to permit the exercise of any Award for up to sixty days before or after such transaction. 

8.4    General. Except as expressly provided in the Plan or the Administrator’s action under the Plan, no
Participant will have any rights due to any subdivision or consolidation of Shares of any class, dividend payment, increase or decrease in the number of Shares of any class or dissolution, liquidation, merger, or consolidation of the Company or
other corporation. Except as expressly provided with respect to an Equity Restructuring under Section 8.1 above or the Administrator’s action under the Plan, no issuance by the Company of Shares of any class, or securities convertible into
Shares of any class, will affect, and no adjustment will be made regarding, the number of Shares subject to an Award or the Award’s grant or exercise price. The existence of the Plan, any Award Agreements and the Awards granted hereunder will
not affect or restrict in any way the Company’s right or power to make or authorize (i) any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, (ii) any merger,
consolidation dissolution or liquidation of the Company or sale of Company assets or (iii) any sale or issuance of securities, including securities with rights superior to those of the Shares or securities convertible into or exchangeable for
Shares. The Administrator may treat Participants and Awards (or portions thereof) differently under this Article VIII. 
 ARTICLE IX.

 GENERAL PROVISIONS APPLICABLE TO AWARDS 

9.1    Transferability. Except as the Administrator may determine or provide in an Award Agreement or otherwise for
Awards other than Incentive Stock Options, Awards may not be sold, assigned, transferred, pledged or otherwise encumbered, either voluntarily or by operation of law, except by will or the laws of descent and distribution, or, subject to the
Administrator’s consent, pursuant to a domestic relations order, and, during the life of the Participant, will be exercisable only by the Participant. References to a Participant, to the extent relevant in the context, will include references
to a Participant’s authorized transferee that the Administrator specifically approves. 

9.2    Documentation. Each Award will be evidenced in an Award Agreement, which may be written or electronic, as
the Administrator determines. Each Award may contain terms and conditions in addition to those set forth in the Plan. 

9.3    Discretion. Except as the Plan otherwise provides, each Award may be made alone or in addition or in
relation to any other Award. The terms of each Award to a Participant need not be identical, and the Administrator need not treat Participants or Awards (or portions thereof) uniformly. 

9.4    Termination of Status. The Administrator will determine how the disability, death, retirement, authorized
leave of absence or any other change or purported change in a Participant’s Service Provider status affects an Award and the extent to which, and the period during which, the Participant, the Participant’s legal representative,
conservator, guardian or Designated Beneficiary may exercise rights under the Award, if applicable. 

9.5    Withholding. Each Participant must pay the Company, or make provision satisfactory to the Administrator for
payment of, any taxes, social security or other amounts required by law to be withheld in connection with such Participant’s Awards by the date of the event creating the tax liability. The Company may deduct an amount sufficient to satisfy such
obligations based on the applicable statutory withholding rates (or such other rate as may be determined by the Company after considering any accounting consequences or costs) from any payment of any kind otherwise due to a Participant. Subject to
Section 10.8 and any Company insider trading policy (including blackout periods), Participants may 

  
 7 

 
satisfy such obligations (i) in cash, by wire transfer of immediately available funds, by check made payable to the order of the Company, provided that the Company may limit the use of the
foregoing payment forms if one or more of the payment forms below is permitted, (ii) to the extent permitted by the Administrator, in whole or in part by delivery of Shares, including Shares retained from the Award creating the obligation,
valued at their Fair Market Value, (iii) if there is a public market for Shares at the time the obligations are satisfied, unless the Company otherwise determines, (A) delivery (including telephonically to the extent permitted by the
Company) of an irrevocable and unconditional undertaking by a broker acceptable to the Company to deliver promptly to the Company sufficient funds to satisfy the obligations, or (B) delivery by the Participant to the Company of a copy of
irrevocable and unconditional instructions to a broker acceptable to the Company to deliver promptly to the Company cash or a check sufficient to satisfy the withholding; provided that such amount is paid to the Company at such time as may be
required by the Administrator, or (iv) to the extent permitted by the Company, any combination of the foregoing payment forms approved by the Administrator. If any withholding or other obligation will be satisfied under clause (ii) of the
immediately preceding sentence by the Company’s retention of Shares from the Award creating the obligation and there is a public market for Shares at the time the obligation is satisfied, the Company may elect to instruct any brokerage firm
determined acceptable to the Company for such purpose to sell on the applicable Participant’s behalf some or all of the Shares retained and to remit the proceeds of the sale to the Company or its designee, and each Participant’s acceptance
of an Award under the Plan will constitute the Participant’s authorization to the Company and instruction and authorization to such brokerage firm to complete the transactions described in this sentence. 

9.6    Amendment of Award; Repricing. The Administrator may amend, modify or terminate any outstanding Award,
including by substituting another Award of the same or a different type, changing the exercise or settlement date, and converting an Incentive Stock Option to a Non-Qualified Option. The Participant’s
consent to such action will be required unless (i) the action, taking into account any related action, does not materially and adversely affect the Participant’s rights under the Award, or (ii) the change is permitted under
Article VIII or pursuant to Section 10.6. Further, the Administrator may, without the approval of the shareholders of the Company, reduce the exercise price per share of outstanding Options or Share Appreciation Rights or cancel
outstanding Options or Share Appreciation Rights in exchange for cash, other Awards or Options or Share Appreciation Rights with an exercise price per share that is less than the exercise price per share of the original Options or Share Appreciation
Rights. 
 9.7    Conditions on Delivery of Shares. 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 Company’s satisfaction, (ii) as determined by the Company, all other legal matters
regarding the issuance and delivery of such Shares have been satisfied, including any applicable securities laws and share exchange or share market rules and regulations, and (iii) the Participant has executed and delivered to the Company such
representations or agreements as the Administrator deems necessary or appropriate to satisfy any Applicable Laws. The Company’s inability to obtain authority from any regulatory body having jurisdiction, which the Administrator determines is
necessary to the lawful issuance and sale of any securities, 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. 

9.8    Acceleration. The Administrator may at any time provide that any Award will become immediately vested and
fully or partially exercisable, free of some or all restrictions or conditions, or otherwise fully or partially realizable. 

9.9    Additional Terms of Incentive Stock Options. The Administrator may grant Incentive Stock Options only to
employees of the Company, any of its present or future parent or subsidiary corporations, as defined in Sections 424(e) or (f) of the Code, respectively, and any other entities the employees of which are eligible to receive Incentive Stock
Options under the Code. If an Incentive Stock Option is granted to a Greater Than 10% Stockholder, the exercise price will not be less than 110% of the Fair Market Value on the Option’s grant date, and the term of the Option will not exceed
five years. All Incentive Stock 

  
 8 

 
Options will be subject to and construed consistently with Section 422 of the Code. By accepting an Incentive Stock Option, the Participant agrees to give prompt notice to the Company of
dispositions or other transfers (other than in connection with a Change in Control) of Shares acquired under the Option made within (i) two years from the grant date of the Option or (ii) one year after the transfer of such Shares to the
Participant, specifying the date of the disposition or other transfer and the amount the Participant realized, in cash, other property, assumption of indebtedness or other consideration, in such disposition or other transfer. Neither the Company nor
the Administrator will be liable to a Participant, or any other party, if an Incentive Stock Option fails or ceases to qualify as an “incentive share option” under Section 422 of the Code. Any Incentive Stock Option or portion thereof
that fails to qualify as an “incentive share option” under Section 422 of the Code for any reason, including becoming exercisable with respect to Shares having a fair market value exceeding the $100,000 limitation under Treasury
Regulation Section 1.422-4, will be a Non-Qualified Option. 

ARTICLE X. 

MISCELLANEOUS 

10.1    No Right to Employment or Other Status. No person will have any claim or right to be granted an Award, and
the grant of an Award will not be construed as giving a Participant the right to continued employment or any other relationship with the Company. The Company expressly reserves the right at any time to dismiss or otherwise terminate its relationship
with a Participant free from any liability or claim under the Plan or any Award, except as expressly provided in an Award Agreement. 

10.2    No Rights as Shareholder; Certificates. Subject to the Award Agreement, no Participant or Designated
Beneficiary will have any rights as a shareholder with respect to any Shares to be distributed under an Award until becoming the record holder of such Shares. Notwithstanding any other provision of the Plan, unless the Administrator otherwise
determines or Applicable Laws require, the Company will not be required to deliver to any Participant certificates evidencing Shares issued in connection with any Award and instead such Shares may be recorded in the books of the Company (or, as
applicable, its transfer agent or share plan administrator). The Company may place legends on share certificates issued under the Plan that the Administrator deems necessary or appropriate to comply with Applicable Laws. 

10.3    Effective Date and Term of Plan. Unless earlier terminated by the Board, the Plan will become effective on
the day prior to the Public Trading Date and will remain in effect until the tenth anniversary of the earlier of (i) the date the Board adopted the Plan or (ii) the date the Company’s shareholders approved the Plan, but Awards
previously granted may extend beyond that date in accordance with the Plan. If the Plan is not approved by the Company’s shareholders, the Plan will not become effective, no Awards will be granted under the Plan and the Prior Plan will continue
in full force and effect in accordance with their terms. 
 10.4    Amendment of Plan. The Administrator may
amend, suspend or terminate the Plan at any time; provided that no amendment, other than an increase to the Overall Share Limit, may materially and adversely affect any Award outstanding at the time of such amendment without the affected
Participant’s consent. No Awards may be granted under the Plan during any suspension period or after Plan termination. Awards outstanding at the time of any Plan suspension or termination will continue to be governed by the Plan and the Award
Agreement, as in effect before such suspension or termination. The Board will obtain shareholder approval of any Plan amendment to the extent necessary to comply with Applicable Laws. 

10.5    Provisions for Foreign Participants. The Administrator may modify Awards granted to Participants who are
foreign nationals or employed outside the United States or establish subplans or procedures under the Plan to address differences in laws, rules, regulations or customs of such foreign jurisdictions with respect to tax, securities, currency,
employee benefit or other matters. 

  
 9 

 10.6    Section 409A. 

(a)    General. The Company intends that all Awards be structured to comply with, or be exempt from,
Section 409A, such that no adverse tax consequences, interest, or penalties under Section 409A apply. Notwithstanding anything in the Plan or any Award Agreement to the contrary, the Administrator may, without a Participant’s consent,
amend this Plan or Awards, adopt policies and procedures, or take any other actions (including amendments, policies, procedures and retroactive actions) as are necessary or appropriate to preserve the intended tax treatment of Awards, including any
such actions intended to (A) exempt this Plan or any Award from Section 409A, or (B) comply with Section 409A, including regulations, guidance, compliance programs and other interpretative authority that may be issued after an
Award’s grant date. The Company makes no representations or warranties as to an Award’s tax treatment under Section 409A or otherwise. The Company will have no obligation under this Section 10.6 or otherwise to avoid the taxes,
penalties or interest under Section 409A with respect to any Award and will have no liability to any Participant or any other person if any Award, compensation or other benefits under the Plan are determined to constitute noncompliant
“nonqualified deferred compensation” subject to taxes, penalties or interest under Section 409A. 

(b)    Separation from Service. If an Award constitutes “nonqualified deferred compensation” under
Section 409A, any payment or settlement of such Award upon a termination of a Participant’s Service Provider relationship will, to the extent necessary to avoid taxes under Section 409A, be made only upon the Participant’s
“separation from service” (within the meaning of Section 409A), whether such “separation from service” occurs upon or after the termination of the Participant’s Service Provider relationship. For purposes of this Plan
or any Award Agreement relating to any such payments or benefits, references to a “termination,” “termination of employment” or like terms means a “separation from service.” 

(c)    Payments to Specified Employees. Notwithstanding any contrary provision in the Plan or any Award Agreement,
any payment(s) of “nonqualified deferred compensation” required to be made under an Award to a “specified employee” (as defined under Section 409A and as the Administrator determines) due to his or her “separation from
service” will, to the extent necessary to avoid taxes under Section 409A(a)(2)(B)(i) of the Code, be delayed for the six-month period immediately following such “separation from service”
(or, if earlier, until the specified employee’s death) and will instead be paid (as set forth in the Award Agreement) on the day immediately following such six-month period or as soon as administratively
practicable thereafter (without interest). Any payments of “nonqualified deferred compensation” under such Award payable more than six months following the Participant’s “separation from service” will be paid at the time or
times the payments are otherwise scheduled to be made. 
 10.7    Limitations on Liability. Notwithstanding any
other provisions of the Plan, no individual acting as a director, officer, other employee or agent of the Company or any Subsidiary will be liable to any Participant, former Participant, spouse, beneficiary, or any other person for any claim, loss,
liability, or expense incurred in connection with the Plan or any Award, and such individual will not be personally liable with respect to the Plan because of any contract or other instrument executed in his or her capacity as an Administrator,
director, officer, other employee or agent of the Company or any Subsidiary. The Company will indemnify and hold harmless each director, officer, other employee and agent of the Company or any Subsidiary that has been or will be granted or delegated
any duty or power relating to the Plan’s administration or interpretation, against any cost or expense (including attorneys’ fees) or liability (including any sum paid in settlement of a claim with the Administrator’s approval)
arising from any act or omission concerning this Plan unless arising from such person’s own fraud or bad faith. 

  
 10 

 10.8    Lock-Up Period.
The Company may, at the request of any underwriter representative or otherwise, in connection with registering the offering of any Company securities under the Securities Act, prohibit Participants from, directly or indirectly, selling or otherwise
transferring any Shares or other Company securities during a period of up to one hundred eighty days following the effective date of a Company registration statement filed under the Securities Act, or such longer period as determined by the
underwriter. 
 10.9    Data Privacy. As a condition for receiving any Award, to the extent permitted by
Applicable Law each Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of personal data as described in this section by and among the Company and its Subsidiaries and affiliates
exclusively for implementing, administering and managing the Participant’s participation in the Plan. The Company and its Subsidiaries and affiliates may hold certain personal information about a Participant, including the Participant’s
name, address and telephone number; birthdate; social security, insurance number or other identification number; salary; nationality; job title(s); any Shares held in the Company or its Subsidiaries and affiliates; and Award details, to implement,
manage and administer the Plan and Awards (the “Data”). The Company and its Subsidiaries and affiliates may transfer the Data amongst themselves as necessary to implement, administer and manage a Participant’s
participation in the Plan, and the Company and its Subsidiaries and affiliates may transfer the Data to third parties assisting the Company with Plan implementation, administration and management. These recipients may be located in the
Participant’s country, or elsewhere, and the Participant’s country may have different data privacy laws and protections than the recipients’ country. By accepting an Award, each Participant authorizes such recipients to receive,
possess, use, retain and transfer the Data, in electronic or other form, to implement, administer and manage the Participant’s participation in the Plan, including any required Data transfer to a broker or other third party with whom the
Company or the Participant may elect to deposit any Shares. The Data related to a Participant will be held only as long as necessary to implement, administer, and manage the Participant’s participation in the Plan. A Participant may, at any
time, view the Data that the Company holds regarding such Participant, request additional information about the storage and processing of the Data regarding such Participant, recommend any necessary corrections to the Data regarding the Participant
or refuse or withdraw the consents in this Section 10.9 in writing, without cost, by contacting the local human resources representative. The Company may cancel Participant’s ability to participate in the Plan and, in the
Administrator’s discretion, the Participant may forfeit any outstanding Awards if the Participant refuses or withdraws the consents in this Section 10.9. For more information on the consequences of refusing or withdrawing consent,
Participants may contact their local human resources representative. The Company and all its Subsidiaries shall ensure that, where applicable, the collection, use, processing and transfers are made in accordance with the Swiss Data Protection Act,
the EU General Data Protection Regulation and other applicable data protection laws in any other jurisdiction. 

10.10    Severability. If any portion of the Plan or any action taken under it is held illegal or invalid for any
reason, the illegality or invalidity will not affect the remaining parts of the Plan, and the Plan will be construed and enforced as if the illegal or invalid provisions had been excluded, and the illegal or invalid action will be null and void.

 10.11    Governing Documents. If any contradiction occurs between the Plan and any Award Agreement or other
written agreement between a Participant and the Company (or any Subsidiary) that the Administrator has approved, the Plan will govern, unless it is expressly specified in such Award Agreement or other written document that a specific provision of
the Plan will not apply. 
 10.12    Governing Law. The Plan and all Awards will be governed by and interpreted
in accordance with the laws of the State of Delaware, disregarding any state’s choice-of-law principles requiring the application of a jurisdiction’s laws
other than the State of Delaware. 

  
 11 

 10.13    Forfeiture and Claw-back Provisions. To the maximum
extent permitted by Applicable Law, in the event that (i) the Participant incurs a Termination of Service by the Company for Cause or (ii) within 12 months after the date of Participant’s Termination of Service, Participant engages in
Competition, Participant shall, unless otherwise determined by the Company, forfeit for no consideration (or if required by Applicable Law, nominal consideration) all Shares previously received by Participant in respect of any Awards previously
granted to the Participant under the Plan (including Awards that vested prior to the date of Participant’s Termination of Service) and Participant may be required to pay to the Company the full amount of any proceeds previously realized by the
Participant in respect of such Shares. All Awards (including any proceeds, gains or other economic benefit the Participant actually or constructively receives upon receipt or exercise of any Award or the receipt or resale of any Shares underlying
the Award) will be subject to any Company claw-back policy, including any claw-back policy adopted to comply with Applicable Laws (including the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated
thereunder) as set forth in such claw-back policy or the Award Agreement. 
 10.14    Titles and Headings. The
titles and headings in the Plan are for convenience of reference only and, if any conflict, the Plan’s text, rather than such titles or headings, will control. 

10.15    Conformity to Securities Laws. Participant acknowledges that the Plan is intended to conform to the extent
necessary with Applicable Laws. Notwithstanding anything herein to the contrary, the Plan and all Awards will be administered only in conformance with Applicable Laws. To the extent Applicable Laws permit, the Plan and all Award Agreements will be
deemed amended as necessary to conform to Applicable Laws. 
 10.16    Relationship to Other Benefits. No Awards
or payment under the Plan will be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except as expressly provided in
writing in such other plan or an agreement thereunder. 
 10.17    Broker-Assisted Sales. In the event of a
broker-assisted sale of Shares in connection with the payment of amounts owed by a Participant under or with respect to the Plan or Awards, including amounts to be paid under the final sentence of Section 9.5: (a) any Shares to be sold through
the broker-assisted sale will be sold on the day the payment first becomes due, or as soon thereafter as practicable; (b) such Shares may be sold as part of a block trade with other Participants in the Plan in which all participants receive an
average price; (c) the applicable Participant will be responsible for all broker’s fees and other costs of sale, and by accepting an Award, each Participant agrees to indemnify and hold the Company harmless from any losses, costs, damages,
or expenses relating to any such sale; (d) to the extent the Company or its designee receives proceeds of such sale that exceed the amount owed, the Company will pay such excess in cash to the applicable Participant as soon as reasonably
practicable; (e) the Company and its designees are under no obligation to arrange for such sale at any particular price; and (f) in the event the proceeds of such sale are insufficient to satisfy the Participant’s applicable
obligation, the Participant may be required to pay immediately upon demand to the Company or its designee an amount in cash sufficient to satisfy any remaining portion of the Participant’s obligation. 

ARTICLE XI. 
 DEFINITIONS

 As used in the Plan, the following words and phrases will have the following meanings: 

11.1    “Administrator” means the full Board or a Committee to the extent that the Board’s
powers or authority under the Plan have been delegated to such Committee in line with Swiss law. 

  
 12 

 11.2    “Applicable Laws” means the requirements
relating to the administration of equity incentive plans under U.S. federal and state securities, tax and other applicable laws, rules and regulations, the applicable rules of any share exchange or quotation system on which the Common Shares are
listed or quoted and the applicable laws and rules of any foreign country or other jurisdiction where Awards are granted. 

11.3    “Award” means, individually or collectively, a grant under the Plan of Options, Share
Appreciation Rights, Restricted Shares, Restricted Share Units or Other Share or Cash Based Awards. 

11.4    “Award Agreement” means a written agreement evidencing an Award, which may be electronic,
that contains such terms and conditions as the Administrator determines, consistent with and subject to the terms and conditions of the Plan. 

11.5    “Board” means the Board of Directors of the Company. 

11.6    “Cause” means (i) if a Participant is a party to a written employment or consulting
agreement with the Company or any of its Subsidiaries or an Award Agreement in which the term “cause” is defined (a “Relevant Agreement”), “Cause” as defined in the Relevant Agreement, and (ii) if no
Relevant Agreement exists, (A) the Administrator’s determination that the Participant failed to substantially perform the Participant’s duties (other than a failure resulting from the Participant’s Disability); (B) the
Administrator’s determination that the Participant failed to carry out, or comply with any lawful and reasonable directive of the Board or the Participant’s immediate supervisor; (C) the occurrence of any act or omission by the
Participant that could reasonably be expected to result in (or has resulted in) the Participant’s conviction, plea of no contest, plea of nolo contendere, or imposition of unadjudicated probation for any felony or indictable offense or crime
involving moral turpitude; (D) the Participant’s unlawful use (including being under the influence) or possession of illegal drugs on the premises of the Company or any of its Subsidiaries or while performing the Participant’s duties
and responsibilities for the Company or any of its Subsidiaries; or (E) the Participant’s commission of an act of fraud, embezzlement, misappropriation, misconduct, or breach of fiduciary duty against the Company or any of its
Subsidiaries. 
 11.7    “Change in Control” means and includes each of the following: 

(a)    A transaction or series of transactions (other than an offering of Common Shares to the general public through a
registration statement filed with the Securities and Exchange Commission or a transaction or series of transactions that meets the requirements of clauses (i) and (ii) of subsection (c) below) whereby any “person” or related
“group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) (other than the Company, any of its Subsidiaries, an employee benefit plan maintained by the Company or any of its Subsidiaries
or a “person” that, prior to such transaction or series of transactions, directly or indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the
meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than 50% of the total combined voting power of the Company’s securities outstanding immediately after such
acquisition; or 
 (b)    During any period of two consecutive years, individuals who, at the beginning of such period,
constitute the Board together with any new Director(s) (other than a Director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in subsections (a) or (c)) whose election by the
Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the Directors then still in office who either were Directors at the beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

  
 13 

 (c)    The consummation by the Company (whether directly involving the
Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination, (y) a sale or other disposition of all or substantially all of the Company’s
assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in each case other than a transaction: 

(i)    which results in the Company’s voting securities outstanding immediately before the transaction continuing to
represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or
substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting
power of the Successor Entity’s outstanding voting securities immediately after the transaction, and 

(ii)    after which no person or group beneficially owns voting securities representing 50% or more of the combined
voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (ii) as beneficially owning 50% or more of the total combined voting power of the Successor Entity
solely as a result of the voting power held in the Company prior to the consummation of the transaction. 
 Notwithstanding the foregoing,
if a Change in Control constitutes a payment event with respect to any Award (or portion of any Award) that provides for the deferral of compensation that is subject to Section 409A, to the extent required to avoid the imposition of additional
taxes under Section 409A, the transaction or event described in subsection (a), (b) or (c) with respect to such Award (or portion thereof) shall only constitute a Change in Control for purposes of the payment timing of such Award if
such transaction also constitutes a “change in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5). 

The Administrator shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change
in Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters relating thereto; provided that any exercise of authority in conjunction with a determination of whether a
Change in Control is a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with such regulation. 

11.8    “Code” means the Internal Revenue Code of 1986, as amended, and the regulations issued
thereunder. 
 11.9    “Committee” means the compensation committee of the Board as elected by
the shareholders’ of the Company in line with the Company’s articles of association and the OaeC. 

11.10    “Common Shares” means the Class A Ordinary Shares of the Company as further defined
in the Company’s articles of association. 
 11.11    “Company” means Sportradar Group AG,
a Swiss stock corporation (Aktiengesellschaft), or any successor. 

11.12    “Competition” means that a Participant enters into an employment, consultancy or advisor
relationship with, or engages in another similar function (including as a principal) for any direct or indirect competitor of the Company or one of its Subsidiaries as determined by the Administrator (acting reasonably), including, as of the Public
Trading Date, BetConstruct, Genius Sports, Perform Group, SB Tech, Stats LLC and WME | IMG. 

  
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 11.13    “Consultant” means any person,
including any adviser, engaged by the Company or its parent or Subsidiary to render services to such entity if the consultant or adviser: (i) renders bona fide services to the Company; (ii) renders services not in connection with the offer
or sale of securities in a capital-raising transaction and does not directly or indirectly promote or maintain a market for the Company’s securities; and (iii) is a natural person. 

11.14    “Designated Beneficiary” means the beneficiary or beneficiaries the Participant
designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated
Beneficiary” will mean the Participant’s estate. 
 11.15    “Director” means a Board
member. 
 11.16    “Disability” means a Participant’s inability to perform his or her job
duties as a result of a physical or mental incapacity that is permanent or has continued or is anticipated to continue for a period of at least 6 months, as determined by the Administrator. 

11.17    “Dividend Equivalents” means a right granted to a Participant under the Plan to receive
the equivalent value (in cash or Shares) of dividends paid on Shares. 
 11.18    “Employee”
means any employee of the Company or its Subsidiaries. 
 11.19    “Equity Restructuring” means
a nonreciprocal transaction between the Company and its shareholders, such as a share dividend, share split, spin-off or recapitalization through a large, nonrecurring cash dividend, that affects the number or
kind of Shares (or other Company securities) or the share price of Common Shares (or other Company securities) and causes a change in the per share value of the Common Shares underlying outstanding Awards. 

11.20    “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

11.21    “Fair Market Value” means, as of any date, the value of Common Shares determined as
follows: (i) if the Common Shares are listed on any established share exchange, its Fair Market Value will be the closing sales price for such Common Shares as quoted on such exchange for such date, or if no sale occurred on such date, the last
day preceding such date during which a sale occurred, as reported in The Wall Street Journal or another source the Administrator deems reliable; (ii) if the Common Shares are not traded on a share exchange but is quoted on a national market or
other quotation system, the closing sales price on such date, or if no sales occurred on such date, then on the last date preceding such date during which a sale occurred, as reported in The Wall Street Journal or another source the Administrator
deems reliable; or (iii) without an established market for the Common Shares, the Administrator will determine the Fair Market Value in its discretion. Notwithstanding the foregoing, with respect to any Award granted on the pricing date of the
Company’s initial public offering, the Fair Market Value shall mean the initial public offering price of a Share as set forth in the Company’s final prospectus relating to its initial public offering filed with the Securities and Exchange
Commission. 
 11.22    “Greater Than 10% Stockholder” means an individual then owning (within
the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of share of the Company or its parent or subsidiary corporation, as defined in Section 424(e) and (f) of the Code,
respectively. 

  
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 11.23    “Incentive Stock Option” means an
Option intended to qualify as an “incentive share option” as defined in Section 422 of the Code. 

11.24    “Non-Qualified Option” means an Option not
intended or not qualifying as an Incentive Stock Option. 
 11.25    “OaeC” means the Swiss
Ordinance against excessive Compensation of listed stock corporations of November 20, 2013, as amended, and the provisions of the revised Swiss Code of Obligations, respectively, should the latter replace the provisions of the OaeC during the
term of the Plan. 
 11.26    “Option” means an option to purchase Shares. 

11.27    “Other Share or Cash Based Awards” means cash awards, awards of Shares, and other awards
valued wholly or partially by referring to, or are otherwise based on, Shares or other property. 

11.28    “Overall Share Limit”
means                Shares. 

11.29     “Participant” means a Service Provider who has been granted an Award. 

11.30    “Performance Criteria” mean the criteria (and adjustments) that the Administrator may
select for an Award to establish performance goals for a performance period, which may include, but shall not be limited to, the following: net earnings or losses (either before or after one or more of interest, taxes, depreciation, amortization,
and non-cash equity-based compensation expense); gross or net sales or revenue or sales or revenue growth; net income (either before or after taxes) or adjusted net income; profits (including but not limited
to gross profits, net profits, profit growth, net operation profit or economic profit), profit return ratios or operating margin; budget or operating earnings (either before or after taxes or before or after allocation of corporate overhead and
bonus); cash flow (including operating cash flow and free cash flow or cash flow return on capital); return on assets; return on capital or invested capital; cost of capital; return on shareholders’ equity; total shareholder return; return on
sales; costs, reductions in costs and cost control measures; expenses; working capital; earnings or loss per share; adjusted earnings or loss per share; price per share or dividends per share (or appreciation in or maintenance of such price or
dividends); regulatory achievements or compliance; implementation, completion or attainment of objectives relating to research, development, regulatory, commercial, or strategic milestones or developments; market share; economic value or economic
value added models; division, group or corporate financial goals; customer satisfaction/growth; customer service; employee satisfaction; recruitment and maintenance of personnel; human resources management; supervision of litigation and other legal
matters; strategic partnerships and transactions; financial ratios (including those measuring liquidity, activity, profitability or leverage); debt levels or reductions; sales-related goals; financing and other capital raising transactions; cash on
hand; acquisition activity; investment sourcing activity; and marketing initiatives, any of which may be measured in absolute terms or as compared to any incremental increase or decrease. Such performance goals also may be based solely by reference
to the Company’s performance or the performance of a Subsidiary, division, business segment or business unit of the Company or a Subsidiary, or based upon performance relative to performance of other companies or upon comparisons of any of the
indicators of performance relative to performance of other companies. The Committee may provide for exclusion of the impact of an event or occurrence which the Committee determines should appropriately be excluded, including (a) restructurings,
discontinued operations, extraordinary items, and other unusual, infrequently occurring or non-recurring charges or events, (b) asset write-downs, (c) litigation or claim judgments or settlements,
(d) acquisitions or divestitures, (e) reorganization or change in the corporate structure or capital structure of the Company, (f) an event either not directly related to the operations of the Company, Subsidiary, division, business
segment or business unit or not within the reasonable control of management, (g) foreign exchange gains and losses, (h) a change in the fiscal year of the Company, (i) the refinancing or repurchase of bank loans

  
 16 

 
or debt securities, (j) unbudgeted capital expenditures, (k) the issuance or repurchase of equity securities and other changes in the number of outstanding shares, (l) conversion
of some or all of convertible securities to Common Shares, (m) any business interruption event (n) the cumulative effects of tax or accounting changes in accordance with international financial reporting standards, or (o) the effect
of changes in other laws or regulatory rules affecting reported results. 
 11.31    “Plan”
means this Sportradar Stock Plan. 
 11.32    “Prior Plan” means the Sportradar Phantom Option
Plan 2020. 
 11.33     “Prior Plan Award” means an award outstanding under the Prior Plans as
of the Plan’s effective date in Section 10.3. 
 11.34    “Public Trading Date” means
the first date upon which the Common Shares are listed (or approved for listing) upon notice of issuance on any securities exchange or designated (or approved for designation) upon notice of issuance as a national market security on an interdealer
quotation system, or, if earlier, the date on which the Company becomes a “publicly held corporation” for purposes of Treasury Regulation Section 1.162-27(c)(1). 

11.35    “Restricted Shares” means Shares awarded to a Participant under Article VI subject
to certain vesting conditions and other restrictions. 
 11.36    “Restricted Share Unit” means
an unfunded, unsecured right to receive, on the applicable settlement date, one Share or an amount in cash or other consideration determined by the Administrator to be of equal value as of such settlement date, subject to certain vesting conditions
and other restrictions. 
 11.37    “Rule 16b-3” means
Rule 16b-3 promulgated under the Exchange Act. 

11.38    “Section 409A” means Section 409A of the Code and
all regulations, guidance, compliance programs and other interpretative authority thereunder. 

11.39    “Securities Act” means the Securities Act of 1933, as amended. 

11.40    “Service Provider” means an Employee, Consultant or Director. Classification of a Service
Provider as an Employee, Consultant or Director is intended to be done in compliance with all applicable laws, provided that the foregoing shall not invalidate any Award previously granted hereunder unless otherwise determined by the Administrator.

 11.41    “Shares” means Common Shares. 

11.42    “Share Appreciation Right” means a share appreciation right granted under Article V
(i.e., an Award representing a right to receive payment (in cash or Shares) equal to the appreciation in value of a specified number of Common Shares from and after the grant date thereof). 

11.43    “Subsidiary” means any entity (other than the Company), whether domestic or foreign, in
an unbroken chain of entities beginning with the Company if each of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination, securities or interests representing at least 50% of the total
combined voting power of all classes of securities or interests in one of the other entities in such chain. 

  
 17 

 11.44    “Substitute Awards” shall mean Awards
granted or Shares issued by the Company in assumption of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case by a company acquired by the Company or any Subsidiary or with
which the Company or any Subsidiary combines. 
 11.45    “Termination of Service” means the
date the Participant ceases to be a Service Provider. 
 * * * * * 

  
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