Document:

Assignment and Assumption and Amendment #1

 Exhibit 10.1 
 EXECUTION COPY 
 ASSIGNMENT AND ASSUMPTION AND AMENDMENT #1 TO

 THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT 

This ASSIGNMENT AND ASSUMPTION AND AMENDMENT #1 TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this
“Agreement”) is entered into as of the 20th day of December, 2010, by and among The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch (“BTMU”), as a Financial Institution and as the Agent (in such capacity, the
“Agent”), Victory Receivables Corporation, as a Conduit (the “BTMU Conduit”), PDC Funding Company, LLC, as the Seller (the “Seller”), Patterson Companies, Inc., as the Servicer
(the “Servicer”), Royal Bank of Canada (“RBC”), as a Purchaser Agent and a Financial Institution, and Thunder Bay Funding, LLC (the “RBC Conduit”), as a Conduit. 

PRELIMINARY STATEMENTS 
 A. BTMU, as a Financial Institution and as a Purchaser Agent, and the BTMU Conduit (collectively, the “BTMU Purchaser Group”), the Agent, the Seller and the Servicer are parties to
that certain Third Amended and Restated Receivables Purchase Agreement (as amended, modified, restated or otherwise supplemented through the date hereof, the “Purchase Agreement”). 

B. The Seller, the Servicer, the Agent, and the members of the BTMU Purchaser Group wish to amend the Purchase Agreement to add RBC, as a
Purchaser Agent and a Financial Institution, and the RBC Conduit, as a Conduit, to the Purchase Agreement as members of a new Purchaser Group for which RBC will be the Purchaser Agent. 

C. The parties hereto desire that the BTMU Conduit sell and assign a portion of its aggregate outstanding Capital as of the date hereof
to the RBC Conduit. 
 D. The Assignment Effective Time (as defined below) is contemplated to occur on the December 2010
Settlement Date. 
 NOW, THEREFORE, in consideration of the mutual agreements herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

AGREEMENT 

SECTION 1. Definitions. Capitalized terms used and not otherwise defined herein are used with the meanings set forth, or
incorporated by reference, in the Purchase Agreement. 
 SECTION 2. Assignment and Assumption. 

(a) BTMU Conduit Assignment. At or before noon (New York time) on the date hereof, the RBC Conduit shall pay to the BTMU Conduit,
in immediately available funds, an 

 
amount equal to a portion of the aggregate outstanding Capital of the BTMU Conduit as of the date hereof, as set forth more specifically on Schedule I hereto (such amount, the
“Assigned BTMU Capital”). At or before noon (New York time) on the date hereof, the Seller shall pay to each of the BTMU Conduit and BTMU, as the Purchaser Agent for the BTMU Purchaser Group (in such capacity, the
“BTMU Purchaser Agent”), as applicable, in immediately available funds, all costs, fees and expenses related to the Assigned BTMU Capital accrued through the date hereof (collectively, the “BTMU Settlement Date
Payment”, and, together with the Assigned BTMU Capital, the “Total BTMU Amount”) pursuant to the priority of payments set forth in Section 2.2 of the Purchase Agreement (it being understood and
agreed that, for the avoidance of doubt, payment by the Seller of the BTMU Settlement Date Payment shall not discharge the Seller of any other payment due from the Seller under the Purchase Agreement on the date hereof, on any other Settlement
Date, or otherwise). Payment by the RBC Conduit to the BTMU Conduit of an amount equal to the Assigned BTMU Capital in accordance with this Section 2(a) shall be made in accordance with the wire instructions set forth on Schedule
I hereto. Payment by the Seller to the BTMU Conduit and the BTMU Purchaser Agent, as applicable, of the BTMU Settlement Date Payment in accordance with this Section 2(a) shall be made in accordance with the terms of Sections
1.4 and 2.2 of the Purchase Agreement. 
 Upon (i) the BTMU Conduit’s receipt in full from the RBC Conduit
of an amount equal to the Assigned BTMU Capital and (ii) the BTMU Purchaser Agent’s receipt in full of an amount equal to the BTMU Settlement Date Payment, the BTMU Conduit hereby sells, transfers and assigns to the RBC Conduit, without
recourse, representation or warranty, except as otherwise provided in Section 8(a) below, and the RBC Conduit hereby irrevocably takes, receives and assumes from the BTMU Conduit, the Assigned BTMU Capital and all related rights and
obligations hereunder, under the Purchase Agreement and under all of the other Transaction Documents with respect thereto. Immediately following the Assignment Effective Time, upon the receipt by (i) the RBC Conduit of the Assigned BTMU Capital
from the BTMU Conduit and (ii) the BTMU Conduit and the BTMU Purchaser Agent, as applicable, of the BTMU Settlement Date Payment, the aggregate outstanding Capital of each of the BTMU Conduit and the RBC Conduit shall be as set forth on
Schedule II hereto. The RBC Conduit hereby assumes in full the RPA Deferred Purchase Price allocable to the pro rata portion of the Asset Portfolio as of the date hereof based on the Assigned BTMU Capital transferred hereunder.

 (b) Certain Agreements. By executing and delivering this Agreement, the parties hereto hereby agree that:
(i) other than the limited representation and warranty made by the BTMU Conduit in Section 8(a) below, none of the Agent or any member of the BTMU Purchaser Group makes any representation or warranty or assumes any responsibility
with respect to (I) any statements, warranties or representations made by any other Person in or in connection with the Purchase Agreement or the other Transaction Documents or the execution, legality, validity, enforceability, genuineness,
sufficiency or value received from the RBC Conduit in connection herewith, the Purchase Agreement or any other instrument or document furnished pursuant hereto or thereto or the perfection, priority, condition, value or sufficiency of any
collateral, or (II) the financial condition of any Seller Party, any Obligor, any Affiliate of any Seller Party or the performance or observance by any Seller Party, any Obligor, any Affiliate of any Seller Party of any of their respective
obligations under the Transaction Documents or any other instrument or document furnished pursuant thereto or in connection therewith, (ii) each of the RBC Conduit and RBC, as a Financial Institution and as a Purchaser Agent (collectively, the

  
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“RBC Purchaser Group”), will, independently and without reliance upon the Agent, any Conduit, the Seller or any other Financial Institution, Purchaser Agent or Purchaser,
and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Purchase Agreement and the other Transaction Documents, (iii) each of the
RBC Conduit and RBC, as a Financial Institution, appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers under the Transaction Documents as are delegated to the Agent by the terms thereof, together
with such powers as are reasonably incidental thereto, (iv) each of the RBC Conduit and RBC, as a Financial Institution, appoints RBC as its Purchaser Agent and authorizes RBC to take such action on its behalf and to exercise such powers under
the Transaction Documents as are delegated to the Purchaser Agent for the RBC Purchaser Group by the terms thereof, together with such powers as are reasonably incidental thereto, (v) RBC, as a Financial Institution, agrees that it will perform
in accordance with their terms all of the obligations which, by the terms of the Purchase Agreement and the other Transaction Documents, are required to be performed by it as a Financial Institution (including, without limitation, as a Related
Financial Institution) or, when applicable, as a Purchaser, and (vi) each member of the RBC Purchaser Group agrees to be bound by the terms of the Intercreditor Agreement. In addition, each member of the RBC Purchaser Group agrees with the
Agent that it is aware of and will comply with the provisions of the Purchase Agreement, including, without limitation, Article I and Sections 4.1 and 14.6 thereof. 

(c) Compliance with the Purchase Agreement. Each of the parties hereto hereby agrees that this Agreement is in all material
respects equivalent to the form of Assignment Agreement set forth as Exhibit VII to the Purchase Agreement and is satisfactory for purposes of complying with the requirements in Section 12.1 of the Purchase Agreement. 

(d) Waiver. Each of the parties hereto hereby acknowledges and agrees to the assignments and payments set forth in this
Section 2 and expressly waives any notice or other requirements set forth in any Transaction Document as a prerequisite or condition precedent to any assignment, payment or other matter set forth herein. 

SECTION 3. Amendments to the Purchase Agreement. Upon the effectiveness of this Agreement at and after the Assignment Effective
Time: 
 (a) The RBC Conduit shall be a Conduit, RBC shall be a Financial Institution and a Purchaser Agent, and the RBC
Purchaser Group shall be a Purchaser Group under the Purchase Agreement and each other Transaction Document, as applicable, for all purposes. 
 (b) The following Section 14.19 is hereby added to the Purchase Agreement immediately following Section 14.18 thereof: 

Section 14.19 USA PATRIOT Act Notice. Each Financial Institution that is subject to the requirements of the
USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) herby notifies the Seller Parties that pursuant to the requirements of the Patriot Act, it is required to obtain,
verify and record information that identifies each Seller Party, which information includes the name and address of each Seller Party and other information that will allow such Financial Institution to identify such Seller Party in accordance with
the Patriot Act. 

  
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 (c) The definition of “Fee Letter” set forth on Exhibit
I to the Purchase Agreement is hereby amended and restated in its entirety to read as follows: 

“Fee Letter” means the letter agreement dated as of December 20, 2010 (as amended, restated,
supplemented, or otherwise modified from time to time) among Seller, BTMU, the BTMU Conduit, Royal Bank of Canada and Thunder Bay Funding, LLC. 
 (d) Exhibit II to the Purchase Agreement is hereby amended and restated as set forth on Schedule III hereto. 

(e) Schedule A to the Purchase Agreement is hereby amended and restated as set forth on Schedule IV hereto.

 (f) Schedule C to the Purchase Agreement is hereby amended and restated as set forth on Schedule
V hereto. 
 SECTION 4. Hedging Agreements. 

(a) The Agent hereby instructs the Seller to enter into one or more Hedging Agreements, each in form and substance satisfactory to the
Agent and RBC, as a Purchaser Agent, and in accordance with the terms of the Purchase Agreement (including, without limitation, Section 7.3 of the Purchase Agreement), on or prior to noon (New York time) on December 23, 2010, with
an aggregate notional amount of $200,000,000 such that the aggregate notional amount of all Hedging Agreements in effect after giving effect thereto is $500,000,000. The Seller hereby agrees to enter into such Hedging Agreements on or prior to
December 23, 2010. 
 (b) The parties hereto hereby agree that if (i) the Seller does not comply with the provisions
of Section 4(a) above in all respects on or prior to December 23, 2010 (the “Hedge Condition”), and (ii) there has not occurred any Amortization Event (other than the Amortization Event set forth in
Section 9.1(l) of the Purchase Agreement), which has not been waived in accordance with the terms of the Purchase Agreement, then, notwithstanding anything to the contrary set forth in the Purchase Agreement or any other Transaction
Document, the parties hereto shall enter into an Assignment and Assumption Agreement substantially similar to this Agreement, in form and substance satisfactory to the Agent and RBC (the “Re-Transfer Assignment”) providing
that (x) at or before 5:00pm (New York time) on December 23, 2010 (the “Re-Transfer Date”) (I) the BTMU Conduit shall pay to the RBC Conduit, in immediately available funds, an amount equal to the Assigned BTMU
Conduit (such amount, the “Reassigned Capital”), and the BTMU Conduit shall assume from the RBC Conduit the aggregate outstanding balance of the RBC Conduit’s Capital on such date and all related rights and obligations
hereunder, under the Purchase Agreement and all of the other Transaction Documents with respect thereto, and (II) the Seller shall pay to RBC, as the Purchaser Agent for the RBC Purchaser Group, in immediately available funds, all costs, fees and
expenses related to the Reassigned Capital accrued from the Assignment Effective Time to the Re-Transfer Date (such costs, fees and expenses, together with the Reassigned Capital, the “Reassignment Amount”), and
(y) immediately following the effectiveness of the Re-Transfer Assignment and payment in full of the Reassignment Amount to the RBC Conduit and RBC, as a Purchaser 

  
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Agent, as applicable, on the Re-Transfer Date pursuant to the terms of the Re-Transfer Assignment, the RBC Purchaser Group shall cease to be a Purchaser Group under the Purchase Agreement and the
other Transaction Documents. The occurrence of each of the events set forth in clause (ii) of the immediately preceding sentence shall be hereinafter collectively referred to as the “Re-Transfer Condition”.

 (c) Notwithstanding anything to the contrary set forth in the Purchase Agreement or any other Transaction Document, the
Seller hereby agrees that (i) it shall not provide a Purchase Notice to the Agent or any Purchaser Agent or otherwise request that a new Purchase be made by any Purchaser under the Purchase Agreement, and (ii) no Purchaser shall be
obligated to make any new Purchase, in each case, until the earlier to occur of the satisfaction of (x) the Hedge Condition, or (y) the Re-Transfer Condition. 
 SECTION 5. Limitation on Liability. Notwithstanding anything to the contrary set forth in this Agreement, (i) the RBC Conduit does not accept or assume any liability or responsibility for any
breach, failure or other act or omission on the part of the BTMU Conduit, or any indemnification or other cost, fee or expense related thereto, in each case which occurred or directly or indirectly arose out of an event which occurred prior to the
Assignment Effective Time, (ii) RBC, as a Financial Institution, does not accept or assume any liability or responsibility for any breach, failure or other act or omission on the part of BTMU, as a Financial Institution, or any indemnification
or other cost, fee or expense related thereto, in each case which occurred or directly or indirectly arose out of an event which occurred prior to the Assignment Effective Time, and (iii) RBC, as a Purchaser Agent, does not accept or assume any
liability or responsibility for any breach, failure or other act or omission on the part of BTMU, as a Purchaser Agent, or any indemnification or other cost, fee or expense related thereto, in each case which occurred or directly or indirectly arose
out of an event which occurred prior to the Assignment Effective Time. 
 SECTION 6. Notice Addresses. Each of the
parties hereto hereby agrees that all notices and other communications delivered or to be delivered hereunder to any member of the RBC Purchaser Group shall be delivered to such Person at its address(es) as set forth on Schedule IV
hereto. 
 SECTION 7. Assignment Effective Time. The effective time (the “Assignment Effective Time”) of
this Agreement shall be the later of (i) the opening of business on December 20, 2010 and (ii) the time at which all of the following conditions precedent are satisfied: 

(a) each of the Agent and RBC, as a Purchaser Agent, shall have received duly executed copies of (I) this Agreement from each of the
parties hereto, and (II) that certain Sixth Amended and Restated Fee Letter, dated as of the date hereof, among the Seller, the Agent, each member of the BTMU Purchaser Group and each member of the RBC Purchaser Group from each of the parties
thereto; 
 (b) the payment in full of the Total BTMU Amount to the BTMU Conduit or the BTMU Purchaser Agent, as applicable;

 (c) RBC, as a Purchaser Agent, shall have received one or more reliance letters from (I) Briggs and Morgan, Professional
Association, each dated as of the date hereof, relating to 

  
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enforceability, bankruptcy-related and UCC opinions given in connection with the closings of the 2002, 2004 and 2010 Receivables Purchase Agreements (including those opinions dated as of
December 3, 2010), and (II) General Counsel of Patterson Companies, Inc., each dated as of the date hereof, relating to opinions given in connection with the closings of the 2002, 2004 and 2010 Receivables Purchase Agreements (including such
opinion dated as of December 3, 2010), in each case, in form and substance reasonably satisfactory to RBC, as a Purchaser Agent; 
 (d) RBC, as a Purchaser Agent, shall have received duly executed copies of (I) that certain Amendment Fee Letter, dated as of the date hereof, between the Seller and RBC, as a Purchaser Agent, (the
“Amendment Fee Letter”) from each of the parties thereto, and (II) all of the other Transaction Documents requested by RBC, as a Purchaser Agent, (other than any Fee Letter or other fee letter agreement to which BTMU is a
party) from the Seller; 
 (e) RBC, as a Purchaser Agent, shall have received payment in full of the Amendment Fee (as defined
in the Amendment Fee Letter) in accordance with the terms of the Amendment Fee Letter; and 
 (f) each of the Agent and RBC, as
a Purchaser Agent, shall have received all other documents, instruments, agreements and opinions from the Seller Parties that they may have reasonably requested. 
 SECTION 8. Representations and Warranties. 
 (a) Limited Representation
and Warranty of the BTMU Conduit. The BTMU Conduit, solely with respect to Section 2(a) above, hereby represents and warrants to each member of the RBC Purchaser Group that, as of the date hereof, it is the sole owner of the rights,
title and interest in and to the interests being transferred by it hereunder free of any Adverse Claims created by or through it. 
 (b) Representations and Warranties of the Seller Parties. Each of the Seller and the Servicer hereby represents and warrants to each other party hereto that, as of the Assignment Effective Time,
both before and after giving effect to this Agreement, all of its respective representations and warranties contained in the Purchase Agreement and each other Transaction Document to which it is a party shall be true and correct as though made on
and as of the Assignment Effective Time (and by its execution hereof, each of Seller and Servicer shall be deemed to have represented and warranted such to each other party hereto). 

SECTION 9. Effect of Agreement. From and after the Assignment Effective Time, (i) this Agreement shall be a part of each
Transaction Document amended hereby, and (ii) each reference in each such amended Transaction Document to “this Agreement” or “hereof”, “hereunder” or words of like import, and each reference in such agreement or
document to such agreement or document shall mean and be a reference to such amended agreement or document. 
 SECTION 10.
Further Assurances. Each of the parties hereto agrees that at any time and from time to time upon the written request of any other party, it will execute and deliver such further documents and do such further acts and things as such other
party may reasonably request in order to effect the purposes of this Agreement. 

  
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 SECTION 11. Miscellaneous. 

(a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF ILLINOIS.

 (b) JURISDICTION. EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES
FEDERAL OR ILLINOIS STATE COURT SITTING IN CHICAGO, ILLINOIS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH PERSON PURSUANT TO THIS AGREEMENT (OTHER THAN THE SELLER AND THE SERVICER) AND
EACH PARTY HERETO HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT,
ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. 
 (c) WAIVER OF JURY TRIAL.
EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT, ANY
DOCUMENT EXECUTED BY ANY SELLER PARTY PURSUANT TO THIS AGREEMENT OR THE RELATIONSHIP ESTABLISHED HEREUNDER. 
 (d)
Transaction Documents. This Agreement is a Transaction Document executed pursuant to the Purchase Agreement and shall be construed, administered and applied in accordance with the terms and provisions thereof. 

(e) Integration. This Agreement contains the final and complete integration of all prior expressions by the parties hereto with
respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

(f) Severability. If any one or more of the agreements, provisions or terms of this Agreement shall for any reason whatsoever be
held invalid or unenforceable, then such agreements, provisions or terms shall be deemed severable from the remaining agreements, provisions and terms of this Agreement and shall in no way affect the validity or enforceability of the provisions of
this Agreement. 
 (g) Amendments. This Agreement may not be amended, supplemented or waived except pursuant to a writing
signed by each of the parties hereto. 
 (h) Counterparts. This Agreement may be executed in counterparts, and by the
different parties on different counterparts, each of which shall constitute an original, but all together shall constitute one and the same agreement. 
 (i) Headings. The captions and headings of this Agreement are for convenience of reference only and shall not affect the interpretation hereof or thereof. 

  
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 [remainder or page intentionally left blank; signature pages follow] 

  
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 EXECUTION COPY 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement by their duly authorized officers as of the date first above written. 

 

			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,
	as the Agent
		
	By:	 	     /s/ Adiya Reddy

	Name:	 	     Adiya Reddy

	Title:	 	     Senior Vice President

	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,
	as a Financial Institution
		
	By:	 	     /s/ Christine Howatt

	Name:	 	     Christine Howatt

	Title:	 	     Authorized Signatory

	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH,
	as a Purchaser Agent
		
	By:	 	     /s/ Adiya Reddy

	Name:	 	     Adiya Reddy

	Title:	 	     Senior Vice President

	
	VICTORY RECEIVABLES CORPORATION,
	as a Conduit
		
	By:	 	     /s/ Frank B. Bilotta

	Name:	 	     Frank B. Bilotta

	Title:	 	     President

 

					
		  	Sch.-V-1	  	 Assignment and Assumption
 and Amendment #1 to 3rd A&R RPA

  

			
	 PATTERSON COMPANIES, INC.,
 as the Servicer

		
	By:	 	     /s/ R. Stephen Armstrong

	Name:	 	     R. Stephen Armstrong

	Title:	 	     Executive Vice President, Chief Financial

		 	     Officer and Treasurer

	
	 PDC FUNDING COMPANY, LLC,
 as the Seller

		
	By:	 	     /s/ Jeffrey J. Stang

	Name:	 	     Jeffrey J. Stang

	Title:	 	     Vice President and Treasurer

  
 2 

  

			
	 THUNDER BAY FUNDING, LLC,
 as a Conduit

		
	 By:
	 	     /s/ Robert S. Jones

	 Name:
	 	     Robert S. Jones

	 Title:
	 	     Authorized Signatory

	
	 ROYAL BANK OF CANADA,
 as a Financial Institution

		
	By:	 	     /s/ Robert S. Jones

	Name:	 	     Robert S. Jones

	Title:	 	     Authorized Signatory

		
	By:	 	     /s/ Veronica L. Gallagher

	Name:	 	     Veronica l. Gallagher

	Title:	 	     Authorized Signatory

	
	 ROYAL BANK OF CANADA,
 as a Purchaser Agent

		
	By:	 	     /s/ Veronica L. Gallagher

	Name:	 	     Veronica l. Gallagher

	Title:	 	     Authorized Signatory

  
 32010 Performance Incentive Plan

 Exhibit 10.1 
 FABRINET 
 2010 PERFORMANCE INCENTIVE PLAN 

(As amended December 20, 2010) 
  

	1.	PURPOSE OF PLAN 

 The
purpose of this Fabrinet 2010 Performance Incentive Plan (this “Plan”) of Fabrinet, an exempted company formed under the laws of the Cayman Islands (the “Company”), is to promote the success of the Company and to
increase shareholder value by providing an additional means through the grant of awards to attract, motivate, retain and reward selected employees and other eligible persons. 

 

	2.	ELIGIBILITY 

 The
Administrator (as such term is defined in Section 3.1) may grant awards under this Plan only to those persons that the Administrator determines to be Eligible Persons. An “Eligible Person” is any person who is either:
(a) an officer (whether or not a director) or employee of the Company or one of its Subsidiaries; (b) a director of the Company or one of its Subsidiaries; or (c) an individual consultant or advisor who renders or has rendered bona
fide services (other than services in connection with the offering or sale of securities of the Company or one of its Subsidiaries in a capital-raising transaction or as a market maker or promoter of securities of the Company or one of its
Subsidiaries) to the Company or one of its Subsidiaries and who is selected to participate in this Plan by the Administrator; provided, however, that a person who is otherwise an Eligible Person under clause (c) above may participate in this
Plan only if such participation would not adversely affect either the Company’s eligibility to use Form S-8 to register under the Securities Act of 1933, as amended (the “Securities Act”), the offering and sale of shares
issuable under this Plan by the Company or the Company’s compliance with any other applicable laws. An Eligible Person who has been granted an award (a “participant”) may, if otherwise eligible, be granted additional awards if the
Administrator shall so determine. As used herein, “Subsidiary” means any corporation or other entity a majority of whose outstanding voting shares or voting power is beneficially owned directly or indirectly by the Company; and
“Board” means the Board of Directors of the Company. 
  

	3.	PLAN ADMINISTRATION 

  

	 	3.1	 The Administrator. This Plan shall be administered by and all awards under this Plan shall be authorized by the Administrator. The
“Administrator” means the Board or one or more committees appointed by the Board, including the compensation committee, or another committee (within its delegated authority) to administer all or certain aspects of this Plan. Any
such committee shall be comprised solely of one or more directors or such number of directors as may be required under applicable law. A committee may delegate some or all of its authority to another committee so constituted. The Board or a
committee comprised solely of directors may also delegate, to the extent permitted by the Companies Law (2004 Revision) of the Cayman Islands and any other applicable law, to one or more officers of the Company, its powers under this Plan
(a) to designate the officers and employees of the Company and its Subsidiaries who 

  
 1 

 
will receive grants of awards under this Plan, and (b) to determine the number of shares subject to, and the other terms and conditions of, such awards. The Board may delegate different
levels of authority to different committees with administrative and grant authority under this Plan. Unless otherwise provided in the Amended and Restated Memorandum and Articles of Association of the Company or the applicable charter of any
Administrator: (a) a majority of the members of the acting Administrator shall constitute a quorum, and (b) the vote of a majority of the members present assuming the presence of a quorum or the unanimous written consent of the members of
the Administrator shall constitute action by the acting Administrator. 
 With respect to awards intended to satisfy the
requirements for performance-based compensation under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), this Plan shall be administered by a committee consisting solely of two or more outside
directors (as this requirement is applied under Section 162(m) of the Code); provided, however, that the failure to satisfy such requirement shall not affect the validity of the action of any committee otherwise duly authorized and acting in
the matter. Award grants, and transactions in or involving awards, intended to be exempt under Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), must be duly and timely authorized by the Board or
a committee consisting solely of two or more non-employee directors (as this requirement is applied under Rule 16b-3 promulgated under the Exchange Act). To the extent required by any applicable securities exchange, this Plan shall be administered
by a committee composed entirely of independent directors (within the meaning of the applicable listing agency). 
  

	 	3.2	Powers of the Administrator. Subject to the express provisions of this Plan, the Administrator is authorized and
empowered to do all things necessary or desirable in connection with the authorization of awards and the administration of this Plan (in the case of a committee or delegation to one or more officers, within the authority delegated to that committee
or person(s)), including, without limitation, the authority to: 

  

	 	(a)	determine eligibility and, from among those persons determined to be eligible, the particular Eligible Persons who will receive an award under this Plan;

  

	 	(b)	grant awards to Eligible Persons, determine the price at which securities will be offered or awarded and the number of securities to be offered or awarded to any of
such persons, determine the other specific terms and conditions of such awards consistent with the express limits of this Plan, establish the installments (if any) in which such awards shall become exercisable or shall vest (which may include,
without limitation, performance and/or time-based schedules), or determine that no delayed exercisability or vesting is required, establish any applicable performance targets, and establish the events of termination or reversion of such awards;

  
 2 

  

	 	(c)	approve the forms of award agreements (which need not be identical either as to type of award or among participants); 

 

	 	(d)	construe and interpret this Plan and any agreements defining the rights and obligations of the Company, its Subsidiaries, and participants under this Plan, further
define the terms used in this Plan, and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the awards granted under this Plan; 

 

	 	(e)	cancel, modify, or waive the Company’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding awards, subject to any required
consent under Section 8.7.5; 

  

	 	(f)	accelerate or extend the vesting or exercisability or extend the term of any or all such outstanding awards (in the case of options or share appreciation rights, within
the maximum ten-year term of such awards) in such circumstances as the Administrator may deem appropriate (including, without limitation, in connection with a termination of employment or services or other events of a personal nature) subject to any
required consent under Section 8.7.5; 

  

	 	(g)	adjust the number of Ordinary Shares (as defined in Section 4.1 below) subject to any award, adjust the price of any or all outstanding awards or otherwise change
previously imposed terms and conditions, in such circumstances as the Administrator may deem appropriate, in each case subject to Sections 4 and 8.7, and provided that in no case (except due to an adjustment contemplated by Section 7 or any
repricing that may be approved by shareholders) shall such an adjustment constitute a repricing (i.e. a reduction by amendment, cancellation and regrant, exchange or other means including an exchange for cash or another award) of the per share
exercise or base price of any option or share appreciation right; 

  

	 	(h)	determine the date of grant of an award, which may be a designated date after but not before the date of the Administrator’s action (unless otherwise designated by
the Administrator, the date of grant of an award shall be the date upon which the Administrator took the action granting an award); 

  

	 	(i)	determine whether, and the extent to which, adjustments are required pursuant to Section 7 hereof and authorize the termination, conversion, substitution or
succession of awards upon the occurrence of an event of the type described in Section 7; 

  

	 	(j)	acquire or settle (subject to Sections 7 and 8.7) rights under awards in cash, shares of equivalent value, or other consideration, provided, however, that in no case
without shareholder approval shall the Corporation effect a “repricing” of a share option or share appreciation right granted under this Plan by purchasing the option or share appreciation right at a time when the exercise or base price of
the award is greater than the fair market value of an Ordinary Share; and 

  
 3 

  

	 	(k)	determine the fair market value of the Ordinary Shares or awards under this Plan from time to time and/or the manner in which such value will be determined.

  

	 	3.3	Binding Determinations. Any action taken by, or inaction of, the Company, any Subsidiary, or the Administrator relating
or pursuant to this Plan and within its authority hereunder or under applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board nor any Board committee, nor
any member thereof or person acting at the direction thereof, shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan (or any award made under this Plan), and all such
persons shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by
law and/or under any directors and officers liability insurance coverage that may be in effect from time to time. 

  

	 	3.4	Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the Board or a
committee, as the case may be, may obtain and may rely upon the advice of experts, including employees and professional advisors to the Company. No director, officer or agent of the Company or any of its Subsidiaries shall be liable for any such
action or determination taken or made or omitted in good faith. 

  

	 	3.5	Delegation. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers or
employees of the Company or any of its Subsidiaries or to third parties. 

  

	4.	ORDINARY SHARES SUBJECT TO THE PLAN; SHARE LIMITS 

  

	 	4.1	Shares Available. Subject to the provisions of Section 7.1, the shares that may be delivered under this Plan shall
be the Company’s authorized but unissued Ordinary Shares. For purposes of this Plan, “Ordinary Shares” shall mean the ordinary shares of the Company and such other securities or property as may become the subject of awards
under this Plan, or may become subject to such awards, pursuant to an adjustment made under Section 7.1. 

  

	 	4.2	 Share Limits. The maximum number of Ordinary Shares that may be delivered pursuant to awards granted
to Eligible Persons under this Plan (the “Share Limit”) is equal to the sum of (1) two million (2,000,000) shares, plus (2) the number of any shares subject to options granted under the Fabrinet 1999 Share Option Plan
and outstanding on the effective date of the first registration statement that is filed by the Company and declared effective pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Registration
Date”), which expire, or for any reason are cancelled or terminated, on or after 

  
 4 

	 	 
the Registration Date without being exercised. The maximum number of Ordinary Shares that may be delivered pursuant to options qualified as incentive stock options (within the meaning of Code
Section 422) granted under this Plan is two million (2,000,000) shares. Each of the foregoing numerical limits is subject to adjustment as contemplated by Section 4.3, Section 7.1, and Section 8.11.

  

	 	4.3	Awards Settled in Cash, Reissue of Awards and Shares. To the extent that an award granted under this Plan is settled in
cash or a form other than Ordinary Shares, the shares that would have been delivered had there been no such cash or other settlement shall not be counted against the shares available for issuance under this Plan. In the event that Ordinary Shares
are delivered in respect of a dividend equivalent right granted under this Plan, only the actual number of shares delivered with respect to the award shall be counted against the share limits of this Plan. To the extent that Ordinary Shares are
delivered pursuant to the exercise of a share appreciation right or share option granted under this Plan, only Shares actually issued pursuant to a share appreciation right or share option will cease to be available under the Plan; all remaining
shares under share appreciation rights or share option will remain available for future grant or sale under the Plan (unless the Plan has terminated). Shares that are subject to or underlie awards granted under this Plan which expire or for any
reason are cancelled or terminated, are forfeited, fail to vest, or for any other reason are not paid or delivered under this Plan shall again be available for subsequent awards under this Plan. Shares that are exchanged by a participant or withheld
by the Company as full or partial payment in connection with any award under this Plan, as well as any shares exchanged by a participant or withheld by the Company or one of its Subsidiaries to satisfy the tax withholding obligations related to any
award under this Plan, shall be available for subsequent awards under this Plan. Refer to Section 8.11 for application of the foregoing share limits with respect to assumed awards. 

 

	 	4.4	Reservation of Shares; No Fractional Shares; Minimum Issue. The Company shall at all times reserve
a number of Ordinary Shares sufficient to cover the Company’s obligations and contingent obligations to deliver shares with respect to awards then outstanding under this Plan (exclusive of any dividend equivalent obligations to the extent the
Company has the right to settle such rights in cash). No fractional shares shall be delivered under this Plan. The Administrator may pay cash in lieu of any fractional shares in settlements of awards under this Plan. No fewer than 100 shares may be
purchased on exercise of any award (or, in the case of share appreciation or purchase rights, no fewer than 100 rights may be exercised at any one time) unless the total number purchased or exercised is the total number at the time available for
purchase or exercise under the award. 

  
 5 

	5.	AWARDS 

  

	 	5.1	Type and Form of Awards. The Administrator shall determine the type or types of award(s) to be made to each selected
Eligible Person. Awards may be granted singly, in combination or in tandem. Awards also may be made in combination or in tandem with, in replacement of, as alternatives to, or as the payment form for grants or rights under any other employee or
compensation plan of the Company or one of its Subsidiaries. The types of awards that may be granted under this Plan are: 

 5.1.1 Share Options. A share option is the grant of a right to purchase a specified number of Ordinary Shares during a specified period as determined by the Administrator. An option
may be intended as an incentive stock option within the meaning of Section 422 of the Code (an “ISO”) or a nonqualified share option (an option not intended to be an ISO). The award agreement for an option will indicate if the option
is intended as an ISO; otherwise it will be deemed to be a nonqualified share option. The maximum term of each option (ISO or nonqualified) shall be ten (10) years. The per share exercise price for each option shall be not less than 100% of the
fair market value of an Ordinary Share on the date of grant of the option. When an option is exercised, the exercise price for the shares to be purchased shall be paid in full in cash or such other method permitted by the Administrator consistent
with Section 5.4. 
 5.1.2 Additional Rules Applicable to ISOs. To the extent that the aggregate fair
market value (determined at the time of grant of the applicable option) of shares with respect to which ISOs first become exercisable by a participant in any calendar year exceeds $100,000, taking into account both Ordinary Shares subject to ISOs
under this Plan and shares subject to ISOs under all other plans of the Company or one of its Subsidiaries (or any parent or predecessor corporation to the extent required by and within the meaning of Section 422 of the Code and the regulations
promulgated thereunder), such options shall be treated as nonqualified share options. In reducing the number of options treated as ISOs to meet the $100,000 limit, the most recently granted options shall be reduced first. To the extent a reduction
of simultaneously granted options is necessary to meet the $100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate which Ordinary Shares are to be treated as shares acquired pursuant to the exercise of an
ISO. ISOs may only be granted to employees of the Company or one of its subsidiaries (for this purpose, the term “subsidiary” is used as defined in Section 424(f) of the Code, which generally requires an unbroken chain of
ownership of at least 50% of the total combined voting power of all classes of shares of each subsidiary in the chain beginning with the Company and ending with the subsidiary in question). There shall be imposed in any award agreement relating to
ISOs such other terms and conditions as from time to time are required in order that the option be an “incentive stock option” as that term is defined in Section 422 of the Code. No ISO may be granted to any person who, at the time
the option is granted, owns (or is deemed to own under Section 424(d) of the Code) outstanding Ordinary Shares possessing more than 10% of the total combined voting power of all classes of shares of the Company, unless the exercise price of
such option is at least 110% of the fair market value of the shares subject to the option and such option by its terms is not exercisable after the expiration of five (5) years from the date such option is granted. 

5.1.3 Share Appreciation Rights. A share appreciation right or “SAR” is a right to receive a
payment, in cash and/or Ordinary Shares, equal to the excess of the fair market value of a specified number of Ordinary Shares on the date the SAR is exercised over the “base price” of the SAR, which base price shall be set forth in the
applicable award agreement and shall be not less than 100% of the fair market value of an Ordinary Share on the date of grant of the SAR. The maximum term of an SAR shall be ten (10) years. 

  
 6 

 5.1.4 Other Awards. The other types of awards that may be granted under
this Plan include: (a) share bonuses, restricted shares, performance shares, share units, phantom shares, dividend equivalents, or similar rights to purchase or acquire shares, whether at a fixed or variable price or ratio related to the
Ordinary Shares, upon the passage of time, the occurrence of one or more events, or the satisfaction of performance criteria or other conditions, or any combination thereof; or (b) any similar securities with a value derived from the value of
or related to the Ordinary Shares and/or returns thereon. 
  

	 	5.2	Award Agreements. Each award shall be evidenced by either (1) a written award agreement in a form approved by the Administrator and executed by the
Company by an officer duly authorized to act on its behalf, or (2) an electronic notice of award grant in a form approved by the Administrator and recorded by the Company (or its designee) in an electronic recordkeeping system used for the
purpose of tracking award grants under this Plan generally (in each case, an “award agreement”), as the Administrator may provide and, in each case and if required by the Administrator, executed or otherwise electronically accepted by the
recipient of the award in such form and manner as the Administrator may require. The Administrator may authorize any officer of the Company (other than the particular award recipient) to execute any or all award agreements on behalf of the Company.
The award agreement shall set forth the material terms and conditions of the award as established by the Administrator consistent with the express limitations of this Plan. 

 

	 	5.3	Deferrals and Settlements. Payment of awards may be in the form of cash, Ordinary Shares, other awards or combinations
thereof as the Administrator shall determine, and with such restrictions as it may impose. The Administrator may also require or permit participants to elect to defer the issuance of shares or the settlement of awards in cash under such rules and
procedures as it may establish under this Plan. The Administrator may also provide that deferred settlements include the payment or crediting of interest or other earnings on the deferral amounts, or the payment or crediting of dividend equivalents
where the deferred amounts are denominated in shares. 

  

	 	5.4	Consideration for Ordinary Shares or Awards. The purchase price for any award granted under this Plan or the Ordinary
Shares to be delivered pursuant to an award, as applicable, may be paid by means of any lawful consideration as determined by the Administrator, including, without limitation, one or a combination of the following methods: 

 

	 	•	 	 services rendered by the recipient of such award; 

  

	 	•	 	 cash, check payable to the order of the Company, or electronic funds transfer; 

  
 7 

  

	 	•	 	 notice and third party payment in such manner as may be authorized by the Administrator; 

 

	 	•	 	 if approved by the Administrator, the delivery of previously owned Ordinary Shares; 

 

	 	•	 	 if approved by the Administrator, by a reduction in the number of shares otherwise deliverable pursuant to the award; or 

 

	 	•	 	 if approved by the Administrator, subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise” with a third
party who provides financing for the purposes of (or who otherwise facilitates) the purchase or exercise of awards. 

 In no event shall any shares newly-issued by the Company be issued for less than the minimum lawful consideration for such shares or for consideration other than consideration permitted by applicable
state law. Ordinary Shares used to satisfy the exercise price of an option shall be valued at their fair market value on the date of exercise. The Company will not be obligated to deliver any shares unless and until it receives full payment of the
exercise or purchase price therefor and any related withholding obligations under Section 8.5 and any other conditions to exercise or purchase have been satisfied. Unless otherwise expressly provided in the applicable award agreement, the
Administrator may at any time eliminate or limit a participant’s ability to pay the purchase or exercise price of any award or shares by any method other than cash payment to the Company. 

 

	 	5.5	 Definition of Fair Market Value. For purposes of this Plan, “fair market value” shall mean, unless otherwise determined or
provided by the Administrator in the circumstances, the last price (in regular trading) for an Ordinary Share as furnished by the Financial Industry Regulatory Authority (the “FINRA”) through any established stock exchange or a national
market system, including without limitation the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, or another applicable listing agency (the “Stock
Market”) for the date in question or, if no sales of Ordinary Shares were reported on the Stock Market on that date, the last price (in regular trading) for an Ordinary Share as furnished through the Stock Market for the next preceding day on
which sales of Ordinary Shares were reported by the FINRA. The Administrator may, however, provide with respect to one or more awards that the fair market value shall equal the last price for an Ordinary Share as furnished by the FINRA through the
Stock Market on the last trading day preceding the date in question or the average of the high and low trading prices of an Ordinary Share as furnished by the FINRA through the Stock Market for the date in question or the most recent trading day. If
the Ordinary Shares are no longer listed or is no longer actively traded on the Stock Market as of the applicable date, the fair market value of the Ordinary Shares shall be the value as reasonably determined by the Administrator for purposes of the
award in the circumstances. The Administrator also may adopt a different methodology for determining fair market value with respect to one or more awards if a different methodology is necessary or advisable to secure any intended

  
 8 

	 	 
favorable tax, legal or other treatment for the particular award(s) (for example, and without limitation, the Administrator may provide that fair market value for purposes of one or more awards
will be based on an average of closing prices (or the average of high and low daily trading prices) for a specified period preceding the relevant date). 

 

	 	5.6	Transfer Restrictions. 

 5.6.1 Limitations on Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 5.6 or required by applicable law, (a) all awards are
non-transferable and shall not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; (b) awards shall be exercised only by the participant; and (c) amounts payable or shares
issuable pursuant to any award shall be delivered only to (or for the account of) the participant. 
 5.6.2
Exceptions. The Administrator may permit awards to be exercised by and paid to, or otherwise transferred to, family members (or trusts or other entities on their behalf) or charitable organizations or entities pursuant to such
conditions and procedures, including limitations on subsequent transfers, as the Administrator may, in its sole discretion, establish in writing. Any permitted transfer shall be subject to compliance with applicable federal and state securities laws
and shall not be for value (other than nominal consideration, settlement of marital property rights, or for interests in an entity in which more than 50% of the voting interests are held by the Eligible Person or by the Eligible Person’s family
members). 
 5.6.3 Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in
Section 5.6.1 shall not apply to: 
  

	 	(a)	transfers to the Company (for example, in connection with the expiration or termination of the award), 

 

	 	(b)	the designation of a beneficiary to receive benefits in the event of the participant’s death or, if the participant has died, transfers to or exercise by the
participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution, 

  

	 	(c)	subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations order if approved or ratified by
the Administrator, 

  

	 	(d)	if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative, or

  

	 	(e)	the authorization by the Administrator of “cashless exercise” procedures with third parties who provide financing for the purpose of (or who otherwise
facilitate) the exercise of awards consistent with applicable laws and the express authorization of the Administrator. 

  
 9 

  

	 	5.7	International Awards. One or more awards may be granted to Eligible Persons who provide services to the Company or one of its Subsidiaries
outside of the United States. Any awards granted to such persons may be granted pursuant to the terms and conditions of any applicable sub-plans, that may be different than the terms and conditions of the Plan, if any, appended to this Plan and
approved by the Administrator. 

  

	6.	EFFECT OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS 

  

	 	6.1	General. The Administrator shall establish the effect of a termination of employment or service on the rights and
benefits under each award under this Plan and in so doing may make distinctions based upon, inter alia, the cause of termination and type of award. If the participant is not an employee of the Company or one of its Subsidiaries and provides other
services to the Company or one of its Subsidiaries, the Administrator shall be the sole judge for purposes of this Plan (unless a contract or the award otherwise provides) of whether the participant continues to render services to the Company or one
of its Subsidiaries and the date, if any, upon which such services shall be deemed to have terminated. 

  

	 	6.2	Events Not Deemed Terminations of Service. Unless the express policy of the Company or one of its Subsidiaries, or the
Administrator, otherwise provides, the employment relationship shall not be considered terminated in the case of (a) sick leave, (b) military leave, or (c) any other leave of absence authorized by the Company or one of its
Subsidiaries, or the Administrator; provided that unless reemployment upon the expiration of such leave is guaranteed by contract or law or the Administrator otherwise provides, such leave is for a period of not more than three months. Further, for
purposes of ISOs, no such leave may exceed three months, unless reemployment upon expiration of such leave is guaranteed by contract or law. If reemployment, upon expiration of a leave of absence approved by the Company or one of its Subsidiaries or
the Administrator, is not so guaranteed, then six months following the first day of such leave, any ISO held by such participant will cease to be treated as an ISO and will be treated for U.S. tax purposes as a nonstatutory stock option. In the case
of any employee of the Company or one of its Subsidiaries on an approved leave of absence, continued vesting of the award while on leave from the employ of the Company or one of its Subsidiaries may be suspended until the employee returns to
service, unless the Administrator otherwise provides or applicable law otherwise requires. In no event shall an award be exercised after the expiration of the term set forth in the applicable award agreement. 

 

	 	6.3	Effect of Change of Subsidiary Status. Except as otherwise permitted by the Administrator, for purposes of this
Plan and any award, if an entity ceases to be a Subsidiary of the Company a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect of such Subsidiary who does not continue as an Eligible
Person in respect of the Company or another Subsidiary that continues as such after giving effect to the transaction or other event giving rise to the change in status. 

  
 10 

	7.	ADJUSTMENTS; ACCELERATION 

  

	 	7.1	Adjustments. Subject to Section 7.2, upon (or, as may be necessary to effect the adjustment, immediately prior
to): any reclassification, recapitalization, stock split (including a stock split in the form of a stock dividend) or reverse stock split; any merger, combination, consolidation, or other reorganization; any spin-off, split-up, or similar
extraordinary dividend distribution in respect of the Ordinary Shares; or any exchange of Ordinary Shares or other securities of the Company, or any similar, unusual or extraordinary corporate transaction in respect of the Ordinary Shares; then the
Administrator shall equitably and proportionately adjust (1) the number and type of Ordinary Shares (or other securities) that thereafter may be made the subject of awards (including the specific share limits, maximums and numbers of shares set
forth elsewhere in this Plan), (2) the number, amount and type of Ordinary Shares (or other securities or property) subject to any outstanding awards, (3) the grant, purchase, or exercise price (which term includes the base price of any
SAR or similar right) of any outstanding awards, and/or (4) the securities, cash or other property deliverable upon exercise or payment of any outstanding awards, in each case to the extent necessary to preserve (but not increase) the level of
incentives intended by this Plan and the then-outstanding awards. 

 Unless otherwise expressly provided in the
applicable award agreement, upon (or, as may be necessary to effect the adjustment, immediately prior to) any event or transaction described in the preceding paragraph or a sale of all or substantially all of the business or assets of the Company as
an entirety, the Administrator shall equitably and proportionately adjust the performance standards applicable to any then-outstanding performance-based awards to the extent necessary to preserve the level of incentives intended by this Plan and the
then-outstanding performance-based awards. 
 It is intended that, if possible, any adjustments contemplated by the preceding two
paragraphs be made in a manner that satisfies applicable U.S. legal, tax (including, without limitation and as applicable in the circumstances, Section 424 of the Code and Section 409A of the Code) and accounting (so as to not trigger any
charge to earnings with respect to such adjustment) requirements. 
 Without limiting the generality of Section 3.3, any
good faith determination by the Administrator as to whether an adjustment is required in the circumstances pursuant to this Section 7.1, and the extent and nature of any such adjustment, shall be conclusive and binding on all persons.

  

	 	7.2	 Corporate Transactions - Assumption and Termination of Awards. Upon the occurrence of any of the following: any merger, combination,
consolidation, or other reorganization; any exchange of Ordinary Shares or other securities of the Company; a sale of all or substantially all the business, stock or assets of the Company; a dissolution of the Company; or any other event in which
the Company does not survive (or does not survive as a public company in respect of its Ordinary Shares); then the Administrator may make provision for a cash payment in settlement of, or for the assumption, substitution or exchange of any

  
 11 

 
or all outstanding share-based awards or the cash, securities or property deliverable to the holder of any or all outstanding share-based awards, based upon, to the extent relevant under the
circumstances, the distribution or consideration payable to holders of the Ordinary Shares upon or in respect of such event. Upon the occurrence of any event described in the preceding sentence, then, unless the Administrator has made a provision
for the substitution, assumption, exchange or other continuation or settlement of the award or the award would otherwise continue in accordance with its terms in the circumstances: (1) subject to Section 7.4 and unless otherwise provided
in the applicable award agreement, each then-outstanding option and SAR shall become fully vested, all restricted shares then outstanding shall fully vest free of restrictions, and each other award granted under this Plan that is then outstanding
shall become payable to the holder of such award; and (2) each award shall terminate upon the related event; provided that the holder of an option or SAR shall be given reasonable advance notice of the impending termination and a reasonable
opportunity to exercise his or her outstanding vested options and SARs (after giving effect to any accelerated vesting required in the circumstances) in accordance with their terms before the termination of such awards (except that in no case shall
more than ten days’ notice of the impending termination be required and any acceleration of vesting and any exercise of any portion of an award that is so accelerated may be made contingent upon the actual occurrence of the event). 

Without limiting the preceding paragraph, in connection with any event referred to in the preceding paragraph or any change in control
event defined in any applicable award agreement, the Administrator may, in its discretion, provide for the accelerated vesting of any award or awards as and to the extent determined by the Administrator in the circumstances. 

The Administrator may adopt such valuation methodologies for outstanding awards as it deems reasonable in the event of a cash or property
settlement and, in the case of options, SARs or similar rights, but without limitation on other methodologies, may base such settlement solely upon the excess if any of the per share amount payable upon or in respect of such event over the exercise
or base price of the award. 
 In any of the events referred to in this Section 7.2, the Administrator may take such action
contemplated by this Section 7.2 prior to such event (as opposed to on the occurrence of such event) to the extent that the Administrator deems the action necessary to permit the participant to realize the benefits intended to be conveyed with
respect to the underlying shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration to occur immediately prior to the applicable event and/or reinstate the original terms of the award if an event giving
rise to an acceleration does not occur. 
 Notwithstanding the foregoing, to the extent a participant is subject to U.S. income
taxation, a transaction will not be deemed to occur under this Section 7.2 unless the transaction qualifies as a change in control event within the meaning of Section 409A of the Code (“Section 409A”), as it has been and
may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time. 

  
 12 

 Without limiting the generality of Section 3.3, any good faith determination by the
Administrator pursuant to its authority under this Section 7.2 shall be conclusive and binding on all persons. 
  

	 	7.3	Other Acceleration Rules. The Administrator may override the provisions of Section 7.2 and/or 7.4 by express
provision in the award agreement and may accord any Eligible Person a right to refuse any acceleration, whether pursuant to the award agreement or otherwise, in such circumstances as the Administrator may approve. The portion of any ISO accelerated
in connection with an event referred to in Section 7.2 (or such other circumstances as may trigger accelerated vesting of the award) shall remain exercisable as an ISO only to the extent the applicable $100,000 limitation on ISOs is not
exceeded. To the extent exceeded, the accelerated portion of the option shall be exercisable as a nonqualified stock option under the Code. 

  
 13 

  

	 	7.4	Golden Parachute Limitation. Notwithstanding anything else contained in this Section 7 to the contrary, in no
event shall any award or payment be accelerated under this Plan to an extent or in a manner so that such award or payment, together with any other compensation and benefits provided to, or for the benefit of, the participant under any other plan or
agreement of the Company or any of its Subsidiaries, would not be fully deductible by the Company or one of its Subsidiaries for federal income tax purposes because of Section 280G of the Code. If a participant would be entitled to benefits or
payments hereunder and under any other plan or program that would constitute “parachute payments” as defined in Section 280G of the Code, then the participant may by written notice to the Company designate the order in which such
parachute payments will be reduced or modified so that the Company or one of its Subsidiaries is not denied federal income tax deductions for any “parachute payments” because of Section 280G of the Code. Notwithstanding the foregoing,
if a participant is a party to an employment or other agreement with the Company or one of its Subsidiaries, or is a participant in a severance program sponsored by the Company or one of its Subsidiaries, that contains express provisions regarding
Section 280G and/or Section 4999 of the Code (or any similar successor provision), or the applicable award agreement includes such provisions, the Section 280G and/or Section 4999 provisions of such employment or other agreement
or plan, as applicable, shall control as to the awards held by that participant (for example, and without limitation, a participant may be a party to an employment agreement with the Company or one of its Subsidiaries that provides for a
“gross-up” as opposed to a “cut-back” in the event that the Section 280G thresholds are reached or exceeded in connection with a change in control and, in such event, the Section 280G and/or Section 4999 provisions
of such employment agreement shall control as to any awards held by that participant). 

  

	8.	OTHER PROVISIONS 

  

	 	8.1	Compliance with Laws. This Plan, the granting and vesting of awards under this Plan, the offer, issuance and delivery
of Ordinary Shares and/or the payment of money under this Plan or under awards are subject to compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal securities law, federal margin
requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. The person acquiring any securities under this Plan will,
if requested by the Company or one of its Subsidiaries, provide such assurances and representations to the Company or one of its Subsidiaries as the Administrator may deem necessary or desirable to assure compliance with all applicable legal and
accounting requirements. 

  

	 	8.2	No Rights to Award. No person shall have any claim or rights to be granted an award (or additional awards, as the case
may be) under this Plan, subject to any express contractual rights (set forth in a document other than this Plan) to the contrary. 

  
 14 

  

	 	8.3	No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or in any
award) shall confer upon any Eligible Person or other participant any right to continue in the employ or other service of the Company or one of its Subsidiaries, constitute any contract or agreement of employment or other service or affect an
employee’s status as an employee at will, nor shall interfere in any way with the right of the Company or one of its Subsidiaries to change a person’s compensation or other benefits, or to terminate his or her employment or other service,
with or without cause. Nothing in this Section 8.3, however, is intended to adversely affect any express independent right of such person under a separate employment or service contract other than an award agreement. 

 

	 	8.4	Plan Not Funded. Awards payable under this Plan shall be payable in shares or from the general assets of the Company, and no special or
separate reserve, fund or deposit shall be made to assure payment of such awards. No participant, beneficiary or other person shall have any right, title or interest in any fund or in any specific asset (including Ordinary Shares, except as
expressly otherwise provided) of the Company or one of its Subsidiaries by reason of any award hereunder. Neither the provisions of this Plan (or of any related documents), nor the creation or adoption of this Plan, nor any action taken pursuant to
the provisions of this Plan shall create, or be construed to create, a trust of any kind or a fiduciary relationship between the Company or one of its Subsidiaries and any participant, beneficiary or other person. To the extent that a participant,
beneficiary or other person acquires a right to receive payment pursuant to any award hereunder, such right shall be no greater than the right of any unsecured general creditor of the Company. 

 

	 	8.5	Tax Withholding. Upon any exercise, vesting, or payment of any award or upon the disposition of Ordinary Shares
acquired pursuant to the exercise of an ISO prior to satisfaction of the holding period requirements of Section 422 of the Code, the Company or one of its Subsidiaries shall have the right at its option to: 

 

	 	(a)	require the participant (or the participant’s personal representative or beneficiary, as the case may be) to pay or provide for payment of at least the minimum
amount of any taxes which the Company or one of its Subsidiaries may be required to withhold with respect to such award event or payment; or 

  

	 	(b)	deduct from any amount otherwise payable in cash to the participant (or the participant’s personal representative or beneficiary, as the case may be) the minimum
amount of any taxes which the Company or one of its Subsidiaries may be required to withhold with respect to such cash payment. 

 In any case where a tax is required to be withheld in connection with the delivery of Ordinary Shares under this Plan, the Administrator may in its sole discretion (subject to Section 8.1) require or
grant (either at the time of the award or thereafter) to the participant the right to elect, pursuant to such rules and subject to such conditions as the Administrator may establish, that the Company reduce

  
 15 

 
the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued in a consistent manner at their fair market value or at the sales price in accordance
with authorized procedures for cashless exercises, necessary to satisfy the minimum applicable withholding obligation on exercise, vesting or payment. In no event shall the shares withheld exceed the minimum whole number of shares required for tax
withholding under applicable law. 
  

	 	8.6	Compliance With Section 409A. Awards will be designed and operated in such a manner that they are either exempt from the application
of, or comply with, the requirements of Section 409A such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Section 409A, except as otherwise determined in the sole
discretion of the Administrator. The Plan and each award agreement under the Plan is intended to meet the requirements of Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the
sole discretion of the Administrator. To the extent that an award or payment, or the settlement or deferral thereof, is subject to Section 409A the award will be granted, paid, settled or deferred in a manner that will meet the requirements of
Section 409A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Section 409A. 

 

	 	8.7	Effective Date, Termination and Suspension, Amendments. 

8.7.1 Effective Date. This Plan is effective as of the Registration Date. This Plan shall be submitted for and
subject to shareholder approval no later than twelve months after the adoption of the Plan by the Board. Unless earlier terminated by the Board, this Plan shall terminate at the close of business on the day before the tenth anniversary of the
adoption of the Plan by the Board. After the termination of this Plan either upon such stated expiration date or its earlier termination by the Board, no additional awards may be granted under this Plan, but previously granted awards (and the
authority of the Administrator with respect thereto, including the authority to amend such awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan. 

8.7.2 Board Authorization. The Board may, at any time, terminate or, from time to time, amend, modify or suspend this
Plan, in whole or in part. No awards may be granted during any period that the Board suspends this Plan. 
 8.7.3
Shareholder Approval. To the extent then required by applicable law or any applicable listing agency or required under Sections 422 or 424 of the Code to preserve the intended tax consequences of this Plan, or pursuant to any repricing
under Sections 3.2(g) and 3.2(j), or deemed necessary or advisable by the Board, any amendment to this Plan shall be subject to shareholder approval. 
 8.7.4 Amendments to Awards. Without limiting any other express authority of the Administrator under (but subject to) the express limits of this Plan, the Administrator by agreement or
resolution may waive conditions of or limitations on awards to participants that the Administrator in the prior exercise of its 

  
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discretion has imposed, without the consent of a participant, and (subject to the requirements of Sections 3.2 and 8.7.5) may make other changes to the terms and conditions of awards. Any
amendment or other action that would constitute a repricing of an award is subject to the limitations set forth in Section 3.2(g). 
 8.7.5 Limitations on Amendments to Plan and Awards. No amendment, suspension or termination of this Plan or amendment of any outstanding award agreement shall, without written consent
of the participant, affect in any manner materially adverse to the participant any rights or benefits of the participant or obligations of the Company under any award granted under this Plan prior to the effective date of such change. Changes,
settlements and other actions contemplated by Section 7 shall not be deemed to constitute changes or amendments for purposes of this Section 8.7. 
  

	 	8.8	Privileges of Share Ownership. Except as otherwise expressly authorized by the Administrator or this Plan, a
participant shall not be entitled to any privilege of share ownership as to any Ordinary Shares not actually delivered to and held of record by the participant. Except as expressly required by Section 7.1 or otherwise expressly provided by the
Administrator, no adjustment will be made for dividends or other rights as a shareholder for which a record date is prior to such date of delivery. 

  

	 	8.9	Governing Law; Construction; Severability. 

8.9.1 Choice of Law. This Plan, the awards, all documents evidencing awards and all other related documents shall be
governed by, and construed in accordance with the laws of the State of California. 
 8.9.2 Severability. If
a court of competent jurisdiction holds any provision invalid and unenforceable, the remaining provisions of this Plan shall continue in effect. 
 8.9.3 Plan Construction. It is the intent of the Company that the awards and transactions permitted by awards be interpreted in a manner that, in the case of participants who are or
may be subject to Section 16 of the Exchange Act, qualify, to the maximum extent compatible with the express terms of the award, for exemption from matching liability under Rule 16b-3 promulgated under the Exchange Act. Notwithstanding the
foregoing, the Company shall have no liability to any participant for Section 16 consequences of awards or events under awards if an award or event does not so qualify. 

 

	 	8.10	Captions. Captions and headings are given to the sections and subsections of this Plan solely as a convenience to facilitate reference. Such
headings shall not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof. 

  

	 	8.11	 Share-Based Awards in Substitution for Share Options or Awards Granted by Other
Corporation. Awards may be granted to Eligible Persons in substitution for or in connection with an assumption of employee share options, SARs, restricted shares or other share-based awards granted by other entities to
persons 

  
 17 

 
who are or who will become Eligible Persons in respect of the Company or one of its Subsidiaries, in connection with a distribution, merger or other reorganization by or with the granting entity
or an affiliated entity, or the acquisition by the Company or one of its Subsidiaries, directly or indirectly, of all or a substantial part of the shares or assets of the employing entity. The awards so granted need not comply with other specific
terms of this Plan, provided the awards reflect only adjustments giving effect to the assumption or substitution consistent with the conversion applicable to the Ordinary Shares in the transaction and any change in the issuer of the security. Any
shares that are delivered and any awards that are granted by, or become obligations of, the Company, as a result of the assumption by the Company of, or in substitution for, outstanding awards previously granted by an acquired company (or previously
granted by a predecessor employer (or direct or indirect parent thereof) in the case of persons that become employed by the Company or one of its Subsidiaries in connection with a business or asset acquisition or similar transaction) shall not be
counted against the Share Limit or other limits on the number of shares available for issuance under this Plan. 
  

	 	8.12	Non-Exclusivity of Plan. Nothing in this Plan shall limit or be deemed to limit the authority of the Board or the Administrator to grant awards or
authorize any other compensation, with or without reference to the Ordinary Shares, under any other plan or authority. 

  

	 	8.13	No Corporate Action Restriction. The existence of this Plan, the award agreements and the awards granted hereunder shall not limit, affect or restrict in
any way the right or power of the Board or the shareholders of the Company to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the capital structure or business of the Company or any Subsidiary,
(b) any merger, amalgamation, consolidation or change in the ownership of the Company or any Subsidiary, (c) any issue of bonds, debentures, capital, preferred or prior preference shares ahead of or affecting the shares (or the rights
thereof) of the Company or any Subsidiary, (d) any dissolution or liquidation of the Company or any Subsidiary, (e) any sale or transfer of all or any part of the assets or business of the Company or any Subsidiary, or (f) any other
corporate act or proceeding by the Company or any Subsidiary. No participant, beneficiary or any other person shall have any claim under any award or award agreement against any member of the Board or the Administrator, or the Company or any
employees, officers or agents of the Company or any Subsidiary, as a result of any such action. 

  

	 	8.14	Other Company Benefit and Compensation Programs. Payments and other benefits received by a participant under an award made pursuant to this Plan
shall not be deemed a part of a participant’s compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the Company or any Subsidiary, except where the
Administrator expressly otherwise provides or authorizes in writing. Awards under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants, awards or commitments under any other plans or arrangements of
the Company or its Subsidiaries. 

  
 18

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