Document:

AMENDMENT

TO

AMIRA FOODS NATURE LTD

2012 OMNIBUS SECURITIES AND INCENTIVE PLAN

 

This AMENDMENT (this “Amendment”),
effective as of October 15, 2013, has been duly approved and authorized by resolutions, dated November 10, 2013 duly adopted by
the board of directors of Amira Nature Foods Ltd. (the “Company”).

 

WHEREAS, the Company desires to amend certain
provisions of the Amira Nature Foods Ltd 2012 Omnibus Securities and Incentive Plan (the “Plan”) as permitted pursuant
to Article XVI of the Plan;

 

NOW, THEREFORE, the Plan is hereby amended
as follows:

 

		1.	Section 5.1 of the Plan is hereby amended and restated in its entirety as follows:

 

“ Shares
Grant and Award Limits. The Committee may from time to time grant Awards to one or more Employees, Directors and/or
Consultants determined by it to be eligible for participation in the Plan in accordance with the provisions of
Article VI. Subject to Article XV, the aggregate number of Ordinary Shares that may be issued under the Plan shall
not exceed three million nine hundred sixty two thousand eight hundred twenty six (3,962,826) Ordinary Shares. Ordinary
Shares shall be deemed to have been issued under the Plan solely to the extent actually issued and delivered pursuant to an
Award. To the extent that an Award lapses, expires, is canceled, is terminated unexercised or ceases to be exercisable for
any reason, or the rights of its Holder terminate, any Ordinary Shares subject to such Award shall again be available for the
grant of a new Award. Notwithstanding any provision in the Plan to the contrary, the maximum number of Ordinary Shares that
may be subject to Awards of Options under Article VII and/or Share Appreciation Rights under Article XIV, in either
or both cases granted to any one Employee during any calendar year, shall be one million (1,000,000) Ordinary Shares (subject
to adjustment in the same manner as provided in Article XV with respect to Ordinary Shares subject to Awards then
outstanding). The limitation set forth in the preceding sentence shall be applied in a manner which shall permit compensation
generated in connection with the exercise of Options or Share Appreciation Rights to
constitute “performance-based” compensation for purposes of Section 162(m) of the Code, including, but
not limited to, counting against such maximum number of Ordinary Shares, to the extent required under
Section 162(m) of the Code, any Ordinary Shares subject to Options or Share Appreciation Rights that are canceled
or repriced.

 

		2.	Section 7.5 of the Plan is hereby amended and restated in its entirety as follows:

 

“Option
Price and Payment.  The price at which an Ordinary Share may be purchased upon exercise of an Option shall be determined
by the Committee; provided, however, that such Option price as determined by the Committee shall be subject to adjustment
as provided in Article XV. The Option or portion thereof may be exercised by delivery of an irrevocable notice of exercise to the
Company. The Option price for the Option or portion thereof shall be paid in full in the manner prescribed by the Committee as
set forth in the Plan and the applicable Option Agreement, which manner, with the consent of the Committee, may include the withholding
of Ordinary Shares otherwise issuable in connection with the exercise of the Option, for purposes of Section 7.4(b). Separate share
certificates shall be issued by the Company for those Ordinary Shares acquired pursuant to the exercise of an Incentive Share Option
and for those Ordinary Shares acquired pursuant to the exercise of a Non-Qualified Share Option.”ADDENDUM

TO

SERVICE AGREEMENT

 

 

This ADDENDUM (this
“Addendum”), effective as of October 15, 2013, is entered into by and between Amira Nature Foods Ltd, a British
Virgin Islands company (the “Company”), and Karan A. Chanana (the “KAC”). Capitalized terms
that are used but not defined herein have the meaning set forth in the Service Agreement (as defined below).

 

WHEREAS, the Company
and KAC are parties to that certain Service Agreement, dated as of June 14, 2012 (the “Service Agreement”, a
copy of which was filed by the Company as Exhibit 10.4 to the Company’s Form F-1 initially filed with the Securities and
Exchange Commission on August 29, 2012) pursuant to which KAC is appointed as Chairman of the Board and Chief Executive Officer
of the Company; and

 

WHEREAS, the Company
and KAC wish to add certain provisions to the Service Agreement, and to memorialize certain other agreements relating thereto,
as set forth herein;

 

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

 

1.New Section 3.12
is hereby added to the Service Agreement:

 

“3.12 Furthermore,
subject to approval by the Compensation Committee of the Board and subject to the terms and conditions of the applicable Amira
securities and incentive plan, at its sole discretion, the Board may review and grant such options from time to time at an exercise
price to be determined by the Compensation Committee of the Board.”

2.Ratification.
Each of the undersigned hereby ratifies the Service Agreement, as modified by this Addendum, and agrees that the Service Agreement,
as modified hereby, shall continue in full force and effect, in accordance with its terms.

 

3.Counterparts.
This Addendum may be executed in two or more counterparts, including by facsimile, email or other electronic means, each of which
shall be deemed an original, and all of which together shall constitute one and the same instrument.

 

 

[Signature page follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the undersigned have
caused this Amendment to be executed by their duly authorized representatives as of the date first written above.

 

 

	 	AMIRA NATURE FOODS LTD.
	 	 
	 	By:	/s/ Bimal Raizada
	 	Name:	Bimal Raizada
	 	Title:	Director
	 	 	 

	 	 
	 	 	/s/ Karan A. Chanana
	 	Name:  	Karan A. Chanana
	 	 	 
	 	 	 

 

[Signature Page to Addendum to Service
Agreement]AMIRA NATURE FOODS LTD

 

2012 OMNIBUS SECURITIES AND INCENTIVE
PLAN

 

SHARE OPTION AGREEMENT

 

EMPLOYEE NON-QUALIFIED SHARE OPTION

 

THIS AGREEMENT made
as of November 10, 2013, by and between Amira Nature Foods Ltd, a BVI company (the “Company”), and Karan A.
Chanana (the “Optionee”).

 

W I T N E S S E T H:

 

WHEREAS, the Company
has adopted the Amira Nature Foods Ltd 2012 Omnibus Securities and Incentive Plan (the “Plan”) for the benefit
of its employees, nonemployee directors and consultants and the employees, nonemployee directors and consultants of its affiliates,
and

 

WHEREAS, the Committee
has authorized the grant to the Optionee of an Option under the Plan, on the terms and conditions set forth in the Plan and as
hereinafter provided,

 

NOW, THEREFORE, in
consideration of the premises contained herein, the Company and the Optionee hereby agree as follows:

 

1.Definitions.

 

Terms used in this
Agreement which are defined in the Plan shall have the same meaning as set forth in the Plan.

 

2.Grant of Option.

 

The Committee hereby
grants to the Optionee an option to purchase 361,2781 of the Company’s Ordinary Shares (“Shares”)
for an Option price per Share equal to $10.00, which was the fair market value of the Company’s Ordinary Shares at the time
of the closing of the Company’s initial public offering of Ordinary Shares on the New York Stock Exchange (the “Option”).

 

3.Option Terms
and Exercise Period.

 

(a)The Option shall
be exercised, and payment by the Optionee of the Option price shall be made, pursuant to the terms of the Plan.

 

(b)All or any part
of the Option may be exercised by the Optionee no later than the tenth (10th) anniversary of the date of the grant of the Option.

 

 

1 Equal to 1% of the aggregate of the fully diluted
outstanding and issued ordinary shares of the Company as of the Grant Date (35,676,434) and the number of ordinary shares issuable
upon exercise of any securities convertible into ordinary shares of the Company which are outstanding as of the Grant Date (90,064).

 

 

    	 

    	 

    

 

(c)This Agreement
and the Option shall terminate on the earlier of (i) the tenth (10th) anniversary of the date of the grant of the Option or (ii)
the date the Option is fully exercised.

 

4.Vesting.

 

The Option shall vest
and become exercisable pursuant to the following schedule:

 

One-forty-eighth (1/48) shall vest
on each monthly anniversary of the Grant Date (as defined below), such that the Option shall fully vest as of the fourth (annual)
anniversary of the Grant Date.

 

To the extent the above
vesting requirements are not satisfied as of the date of termination of the Optionee’s employment with the Company, the Optionee
shall thereupon forfeit the then unvested portion of the Option; provided, that if the Optionee’s employment with the Company
shall be terminated (a) by the Company without Cause, (b) by the Optionee’s with good reason or (c) in connection with a
Change of Control of the Company, then any unvested portion of the Option shall vest immediately upon such termination.

 

5.Termination
of Employment.

 

Sections 6.2 and 6.4
of the Plan shall control.

 

6.Restrictions
on Transfer of Option.

 

This Agreement and
the Option shall not be transferable otherwise than (a) by will or by the laws of descent and distribution or (b) by gift to any
Family Member of the Optionee, and the Option shall be exercisable, during the Optionee’s lifetime, solely by the Optionee,
except on account of the Optionee’s Permanent and Total Disability or death, and solely by the transferee in the case of
a transfer by gift to a Family Member of the Optionee.

 

7.Exercise of
Option.

 

(a)The Option shall
become exercisable at such time as shall be provided herein or in the Plan and shall be exercisable by written notice of such exercise,
in the form prescribed by the Committee, to the Secretary of the Company, at its principal office. The notice shall specify the
number of Shares for which the Option is being exercised.

 

(b)Shares purchased
pursuant to the Option shall be paid for in full at the time of such purchase in cash, in Shares, including Shares acquired pursuant
to the Plan, or part in cash and part in Shares. Shares transferred in payment of the Option price shall be valued as of the date
of transfer based on their Fair Market Value.

 

8.Regulation
by the Committee.

 

This Agreement and
the Option shall be subject to any administrative procedures and rules as the Committee shall adopt. All decisions of the Committee
upon any question arising under the Plan or under this Agreement, shall be conclusive and binding upon the Optionee and any person
or persons to whom any portion of the Option has been transferred by will, by the laws of descent and distribution or by gift to
a Family Member of the Optionee.

 

    	 

    	 

    

 

9.Rights as
a Shareholder.

 

The Optionee shall
have no rights as a shareholder with respect to Shares subject to the Option until certificates for Shares are issued to the Optionee.

 

10.Reservation
of Shares.

 

With respect to the
Option, the Company hereby agrees to at all times reserve for issuance and/or delivery upon payment by the Optionee of the Option
price, such number of Shares as shall be required for issuance and/or delivery upon such payment pursuant to the Option.

 

11.Delivery
of Share Certificates.

 

Within a reasonable
time after the exercise of the Option the Company shall cause to be delivered to the Optionee, his or her legal representative
or his or her beneficiary, a certificate for the Shares purchased pursuant to the exercise of the Option.

 

12.Amendment.

 

The Committee may amend
this Agreement at any time and from time to time; provided, however, that no amendment of this Agreement that would
materially and adversely impair the Optionee’s rights or entitlements with respect to the Option shall be effective without
the prior written consent of the Optionee.

 

13.Plan Terms.

 

The terms of the Plan
are hereby incorporated herein by reference.

 

14.Effective
Date of Grant.

 

The Option shall be
effective as of October 15, 2013 (the “Grant Date”).

 

 

 

[Signature Page Follows]

 

    	 

    	 

    

 

 

By executing this Agreement,
the Optionee hereby acknowledges that he has received and read the Plan and this Agreement and that he agrees to be bound by all
of the terms of both the Plan and this Agreement.

 

 

	 	AMIRA NATURE FOODS LTD	 
	 	 	 
	 	 	 
	 	/s/ Bimal Raizada	 
	 	By: Bimal Raizada	 
	 	Its: Director	 

 

 

	 	/s/ Karan A. Chanana     	 
	 	Karan A. Chanana, Optionee

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