Document:

EX-10.8

 Exhibit 10.8 

2013 Phase One Employee Stock Option Plan 

of 
 Gogoro Inc. 

 

	1.	 Purpose  

The 2013 Employee Stock Option Plan (the “Plan”) of Gogoro Inc. (the “Company) is adopted in accordance with the applicable laws
of Cayman Islands for the purpose of incentivizing and attracting personnel needed by the Company and its Subsidiaries (as defined below). 
  

	2.	 Offering of Options  

During the period from the effective date of the Plan and until the third anniversary, the Company shall offer to Employees (as defined below)
the options to subscribe for a total of 10,000,000 ordinary shares of the Company in one or more tranches, subject to the terms and conditions hereof (“Options”). The Chief Executive Officer of the Company (“CEO”) is authorized
to determine the actual grant date(s) of the Options granted to Employees. 
  

	3.	 Qualified Employees  

Unless otherwise specifically approved by the board of directors, only the CEO and other full time employees of the Company and the
subsidiaries (“Subsidiaries”) of the Company where as of the issue date of the Options the Company holds, directly or indirectly, 50% or more of the voting shares (collectively, “Employees”), including but not limited to officers
and other employees, are qualified to participate in the Plan. 
  

	4.	 Allocation of Options  

The CEO is authorized to recommend and propose to the board of directors for approval the candidates of Employees entitling to Options and the
number of the Options to be granted to them based on factors including, without limitation, the relevant individual employment agreements with the Company and/or the Subsidiaries, their seniorities, rankings, performance, contributions, special
achievements, and any other conditions or factors. 
  

	5.	 Terms and Conditions  

 

	 	(1)	 Exercise Price  

The exercise price of each Option shall be US$0.0001 per share, without adjustment. 

  
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	 	(2)	 Vesting  

Options granted to the relevant Employees shall vest at such time (including granting Employees an option to defer the vesting date(s)
determined by CEO to another later date) and in such volume as determined by the CEO; provided that Options granted to the CEO shall become vested at such time and in such volume as determined by the board of directors. 

 

	 	(3)	 Accelerated Vesting  

In the event of an Exit Event, any portion of the relevant Options granted to Employees that have not been forfeited or terminated but that has
not yet vested prior to the closing of such transaction shall become fully vested. 
 The term “Exit Event” shall mean a
transaction pursuant to which cash proceeds to be received by Gold Sino Assets Limited, XianBase Investment Limited and or other additional investment companies (collectively, “Investors”) from a transaction involving the sale of the
Company in whole (whether of assets or shares) exceeding the aggregate amount of capital contributed by the Investors into the Company up to the time immediately before the closing of such transaction. 

Notwithstanding the above, at the discretion of the CEO, selected senior Employees will be allowed to accelerate vesting of Options granted to
them (“Selected Employees”) in the event of IPO. The CEO is authorized to determine the Selected Employees at his discretion, based on factors including, without limitation, the relevant individual employment agreements with the Company
and/or the Subsidiaries, their seniorities, rankings, performance, contributions, special achievements, and any other conditions or factors. In the event of an IPO, any portion of the relevant Options granted to the Selected Employees that have not
been forfeited or terminated but that has not yet vested prior to the closing of the IPO shall become fully vested. 
 The term
“IPO” shall mean an initial public offering (the “IPO”) of the securities of the Company or the Subsidiary of the Company, Gogoro Taiwan Limited, in conjunction with the admission to trading on an internationally recognized stock
exchange designated in writing by the Company. 
 For the avoidance of doubt, any and all Options of which the relevnat vesting dates are
defferred under the Plan shall become fully vested in the event of Exit Event or IPO, as the case may be. 

  
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	 	(4)	 Termination of Employment  

 

	 	(a)	 Upon termination of employment of the Employee, vesting of a part or the whole of Options will cease and will
expire and become void in accordance with the following: 

  

	 	(i)	 If the Employee (other than the CEO) voluntarily terminates his employment with the Company or the Subsidiary
(as applicable) with Good Reason before IPO or the Exit Event, he shall, subject to the determination of the CEO, be entitled to retain (i) a part of or the whole portion of the Options that have been vested prior to his resignation and/or
(ii) if applicable, any portion of the Options that has been vested prior to his resignation but the vesting has been deferred in accordance with the relevant individual employment agreement with the Company or the Subsidiary (as applicable) or
the resolutions of the Company or the Subsidiary (as applicable) (in the event set forth in paragraph (ii) above, the deferred portion shall be deemed to have been vested), and shall forfeit such portion as determined by the board of directors
of the Company; provided that in the event of voluntary resignation of the CEO with Good Reason before the IPO, it shall be subject to the determination of the Board of Directors. Furthermore, he/she shall forfeit any portion of the Options that has
not vested as of the date of his resignation and Options unvested shall be terminated and void as of the date of employment termination. If the Employee voluntarily terminates his employment with the Company or the Subsidiary (as applicable) without
Good Reason after IPO or the Exit Event, he shall be deemed to have forfeited any portion of the Options that have not vested as of the date of his resignation and Options unvested shall be terminated and void as of the date of employment
termination. In any of the above events (other than the death of the Employee), the Employee shall be required to exercise his vested Options within thirty (30) calendar days of the termination of employment and the portion of the Options
vested but not exercised within the above period shall be forfeited upon expiration of the above period, unless otherwise determined by the CEO with support of the board of directors. 

If the Employee voluntarily terminates his employment with the Company or the Subsidiary (as applicable) without Good Reason before IPO or the
Exit Event, he shall be deemed to have forfeited all of the Options granted whether vested or unvested, and all of the Options granted whether vested or unvested shall be terminated and void. 

For the purpose hereof, the term “Good Reason” shall mean that the Employee (i) voluntarily resigns from the Company or
the Subsidiary (as applicable) due to the breach of the employment agreement by the Company or the Subsidiary (as applicable), or (ii) terminates the employment due to retirement, death or disability. 

 

	 	(ii)	 If the Company or the Subsidiary (as applicable) terminates the employment of the Employee for Cause, the
Employee shall be deemed 

  
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to have forfeited all of the Options granted whether vested or unvested and all of the Options granted whether vested or unvested shall be terminated and void. If the Company or the Subsidiary
(as applicable) terminates the employment of the Employee without Cause, the Employee shall be entitled to retain 100% of that portion of the Options that have vested prior to such termination of the employment and any portion of the Options that
have been vested prior to his resignation but the vesting has been deferred in accordance with the relevant individual employment agreement with the Company or the Subsidiary (as applicable) or the resolutions of the Company or the Subsidiary (as
applicable), and shall forfeit such portion as determined by the board of directors of the Company. 

 For the purposes
hereof, the term “Cause” shall mean (i) the Employee’s willful failure or gross neglect to perform his material duties and responsibilities to the Company or the Subsidiary (as applicable) or material violation of a
written policy of the Company or the Subsidiary (as applicable); (ii) the Employee’s commission of any act of fraud, embezzlement, dishonesty or any conduct which is punishable as a criminal offense; (iii) any willful misconduct that has
caused or is reasonably expected to result in material injury to the Company, any of the Subsidiaries, or their affiliates; or (iv) unauthorized use or disclosure by the Employee of any proprietary information or trade secrets of the Company,
any of the Subsidiaries, or their affiliates. 
  

	 	(b)	 Inheritance of Options  

In the event of the death of the Employee, the heir(s) of the deceased Employee shall exercise the vested Options within 90 days of the date
of the Employee’s death, and the portion of the Options vested but not exercised within the above period shall be forfeited upon expiration of the above period, unless otherwise determined by the CEO. 

 

	 	(5)	 Non-transferrable  

Other than inheritance or voluntary waiver of Options, Employees shall not transfer, assign, pledge, donate, give as a gift, or otherwise
dispose of any Options granted in any manner unless approved by the board of directors. 
  

	 	(6)	 Options Forfeited, Terminated or Waived  

Any Options forfeited, terminated or waived shall be cancelled. 

  
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	6.	 Exercise of Options  

Unless otherwise propsoed by the CEO and approved by the board of directors, the Options vested shall be exercisable within three
(3) years after the applicable vesting date or, upon the occurrence and at the closing of the Exit Event, whichever is later, by providing written notice of the proposed exercise to the CEO. The Company shall issue only such portions of the
Options which have been vested and exercised in accordance with the terms herein. Any Option that is not exercised at the end of the exercisable period shall be forfeited upon the closing of the Exit Event or upon expiration of the exercisable
period (as the case may be). 
 If the Options vested are exercised before the IPO, the exercise of the Options shall be subject to the
Employee providing to the Enforcer of the Gogoro Incorporated Management Trust (“Management Trust”) a duly singed Undertaking (“Undertaking”) in the form and substance as Annex I attached hereto. The CEO is authorized to
amend the form Undertaking from time to time and at his sole discretion as he may deem necessary and appropriate. 
 Upon payment in full of
the Exercise Price by the relevant Employees, the Company shall issue the appropriate number of the ordinary shares of the Company to the relevant Employees on the terms and subject to the conditions of the Plan; provided that any and all shares
issued to the Employees hereunder before the IPO shall be subsequently transferred to the trustee of the Management Trust to be held on trust for and on behalf of the Employees on the terms and subject to the conditions of the Plan and the
Undertaking, and shall be administered by the Enforcer of the Management Trust. 
  

	7.	 No Anti-Dilution  

Where the Company capitalizes the retained earnings and/or capital reserves after the issuance of the Options, or there is any capital increase
or decrease by the Company, the total number of shares for the Options granted, whether vested or not, shall not be adjusted. 
  

	8.	 Miscellaneous  

 

	 	(1)	 The Company will notify the Employees under separate covers with regard to the number of Options granted to
him/her and the vesting dates thereof. 

  

	 	(2)	 The Plan shall become effective on the date when the Plan is approved at the board of directors of the Company,
and may be amended by the board of the directors from time to time. 

  

	 	(3)	 In the event that any terms and conditions of the Plan is incompliance with the requirements under the
applicable laws, the Board of Directors shall be entitled to amend such terms and conditions to be in line with the requirements thereunder. 

  
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 Annex I 

(From) 
 Deed of
Undertaking 
 The undersigned, [    ], an employee [or a consultant] of Gogoro Inc. (the “Company”) hereby
undertakes to each of the Company, Gold Sino Assets Limited, XianBase Investment, Ltd. and Horace Luke (in his capacity as Enforcer of the Management Trust (as defined below)) and agrees as follows, with respect to the award (the
“Award”) granted by the Company under the employees stock option plan of the Company (the “Employee Stock Option Plan”) and the Employment Agreement/Engagement Agreement (the “Engagement Agreement”)
between the undersigned and the Company or its subsidiaries, as well as the shares of the Company issued to the undersigned thereunder and any bonus shares issued in relation to such shares (collectively, the “Company Shares”): 

1.    The undersigned shall, immediately upon the issuance by the Company of the Company Shares to the undersigned, transfer such Company
Shares to Genesis Trust & Corporate Services Ltd.”) as trustee of the Gogoro Incorporated Management Trust (the “Management Trust”) constituted by a deed by and between the Original Settlor and the Trustee
(“Settlement”). The undersigned acknowledges and agrees that Genesis Trust & Corporate Services Ltd., as trustee of the Management Trust (the “Trustee”), will hold such Company Shares on trust for and on behalf of
the undersigned subject to the terms of the Settlement . 
 2.    Immediately before or on the transfer of the Company Shares to the
Trustee, the undersigned undertakes to deliver, or cause to be delivered to the Trustee, a certified copy of the undersigned’s passport and a certified copy of a utility bill showing the undersigned’s residential address. 

3.    The undersigned acknowledges that the Company, the major shareholders of the Company and the Enforcer of the Management Trust have
entered into a shareholders agreement in 2013 (the “Shareholders Agreement”), under which the Company Shares are subject to certain transfer restrictions. Except as permitted under the terms and conditions of the Shareholders
Agreement, the Employee Stock Option Plan and the Settlement, the undersigned shall not directly or indirectly, sell, assign, transfer, pledge or otherwise encumber or dispose of in any way any of the undersigned’s ownership interest in the
Company (including but not limited to any portion of the Award, whether vested, unvested, exercised or unexercised, as well as the Company 

  
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Shares)(collectively, “Ownership Interest”) or otherwise permit such ownership interest to become subject to a voluntary sale, assignment, transfer, pledge or encumbrance,
(collectively, the “Transfer”). 
 4.    Except as permitted under the terms and conditions of the Shareholders
Agreement, the Employee Stock Option Plan and the Settlement, the undersigned shall not, directly or indirectly, Transfer any portion of his/her Ownership Interest before the initial public offering (the “IPO”) of the securities of
the Company or its subsidiaries in conjunction with their admission to trading on an internationally recognized stock exchange designated in writing by the Company. After the IPO, the undersigned shall not Transfer any portion of the Company Shares
he/she acquired pursuant to the terms set forth herein except as conducted in line with the requirements of the relevant underwriter. 

5.    The undersigned hereby agrees to be bound by the relevant requirements under Article 5 of the Shareholders Agreement as if it was an
Investor (as such term is defined in the Shareholders Agreement) and upon request of the Enforcer of the Management Trust, the undersigned shall Transfer the Company Shares on terms and conditions substantially similar to the Settlement or such
terms and conditions imposed on the Management or required under the Shareholders Agreement. 
 6.    The undersigned agrees to perform
(or procure the performance of) all further acts and things, and execute and deliver (or procure the execution and delivery of) such further documents, as may be required by applicable law, the constitutional documents of the undersigned and the
Company, the Shareholders Agreement, the Settlement or as may be necessary or reasonably desirable to implement and/or give effect to this undertaking and the transactions contemplated hereby. 

EXECUTED AS A DEED BY 
  

	
	  

Name:

	 ID No./Passport No.:

	 Date:

  
 7EX-10.9

 Exhibit 10.9 

GOGORO INC. 
 2016
EQUITY INCENTIVE AWARD PLAN 
  

	1	 Purposes of the Plan. The purposes of this Gogoro Inc. 2016 Equity Incentive Award Plan are to attract
and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees, Directors and Consultants, and to promote the success of the Company’s business. Options granted under the Plan
to U.S. Taxpayer Participants may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Board at the time of grant of an Option and subject to the applicable provisions of Section 422 of the Code and the regulations
promulgated thereunder. Unrestricted Stock may also be granted under the Plan. 

  

	2	 Definitions. As used herein, the following definitions shall apply: 

 

	 	2.1	 “Affiliate” means (i) an entity other than a Subsidiary which, together with the Company,
is under common control of a third person or entity, (ii) an entity other than a Subsidiary in which the Company and / or one or more Subsidiaries own a controlling interest, and (iii) an entity that owns a controlling interest in the
Company. 

  

	 	2.2	 “Applicable Laws” means all applicable laws, rules, regulations and requirements, which may
include all applicable U.S. federal or state laws, laws of Taiwan, Republic of China and laws of the Cayman Islands, any Stock Exchange rules or regulations, and the applicable laws, rules or regulations of any other country or jurisdiction where
Options or Unrestricted Stock are granted under the Plan or Participants reside or provide services, as such laws, rules, and regulations shall be in effect from time to time. 

 

	 	2.3	 “Award” means any award of an Option or Unrestricted Stock under the Plan.

  

	 	2.4	 “Articles” means the Memorandum and Articles of Association of the Company as amended from
time to time. 

  

	 	2.5	 “Board” means the board of Directors of the Company. 

 

	 	2.6	 “Cause” means: (i) the Participant’s willful failure or gross neglect to perform his
or her material duties and responsibilities to the Company or the Subsidiary (as applicable) or material violation of a written policy of the Company or the Subsidiary (as applicable); (ii) the Participant’s commission of any act of fraud,
embezzlement, dishonesty or any conduct which is punishable as a criminal offense; (iii) any willful misconduct that has caused or is reasonably expected to result in material injury to the Company, any of the Subsidiaries, or their affiliates;
or (iv) unauthorized use or disclosure by the Participant of any proprietary information or trade secrets of the Company, any of the Subsidiaries, or their Affiliates. The determination as to whether a Participant’s employment has been

  
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	 	terminated for Cause shall be made in good faith by the Company and shall be final and binding on the Participant. The foregoing definition does not in any way limit the Company’s ability to terminate a
Participant’s employment or consulting relationship at any time, and the term “Company” will be interpreted to include any Subsidiary, Affiliate, or any successor thereto, if appropriate. 

 

	 	2.7	 “CEO” means the Chief Executive Officer of the Company. 

 

	 	2.8	 “COO” means the Chief Operating Officer of the Company. 

 

	 	2.9	 “Change of Control” means any of the following: (i) a transfer of all or substantially
all of the Company’s assets, (ii) a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another corporation, entity or person, except for a transaction in which holders of
the outstanding voting securities of the Company immediately prior to such merger, consolidation or other capital reorganization hold, in the aggregate, securities possessing more than fifty percent (50%) of the total combined voting power of all
outstanding voting securities of the surviving entity immediately after such merger or consolidation, or (iii) the consummation of a transaction, or series of related transactions, in which any individual, corporation, partnership, limited
partnership, proprietorship, association, limited liability company, firm, trust, estate or other enterprise or entity, becomes the beneficial owner of all or substantially all of the Company’s then outstanding capital stock. Notwithstanding
the foregoing, in no event will a Change in Control be considered to have occurred as a result of the Company’s IPO. 

  

	 	2.10	 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

 

	 	2.11	 “Common Stock” means the Company’s Ordinary Shares, par value US$0.0001 per share, as
adjusted pursuant to section 10 (adjustments upon changes in capitalization, merger or certain other transactions) below. 

  

	 	2.12	 “Company” means Gogoro Inc., a Cayman Islands exempted company. 

 

	 	2.13	 “Consultant” means any person or entity, including an advisor but not an Employee, that
renders, or has rendered, services to the Company, or any Subsidiary or Affiliate and any Director whether compensated for such services or not. 

  

	 	2.14	 “Corporate Transaction” means a Change of Control, and also includes a merger, consolidation
or other capital reorganization or business combination transaction of the Company with or into another corporation, entity or person irrespective of whether such event is a Change of Control. 

 

	 	2.15	 “Director” means a director or independent director of the Company. 

  
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	 	2.16	 “Disability” means a medically determinable physical or mental impairment that has rendered
the Optionee unable to perform the duties of the Optionee’s employment with the Company for a period of not less than ninety (90) days, or as otherwise determined by the CEO, the COO, or other senior officer(s) designated by the Board. An
Optionee will not be considered to have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the CEO, the COO, or other senior officer(s) designated by the Board in its discretion. 

 

	 	2.17	 “Employee” means any person employed by the Company, or any Subsidiary or Affiliate, with the
status of employment determined pursuant to such factors as are deemed appropriate by the Company in its sole discretion, subject to any requirements of Applicable Laws. 

 

	 	2.18	 “Enforcer” means Grace Lei or such other person who is duly appointed to serve as the enforcer
to the Management Trust. 

  

	 	2.19	 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended.

  

	 	2.20	 “Exit Event” means a transaction pursuant to which cash proceeds to be received by investment
companies from a transaction involving the sale of the Company in whole (whether of assets or shares) exceeding the aggregate amount of capital contributed by the investment companies into the Company up to the time immediately before the closing of
such transaction. 

  

	 	2.21	 “Fair Market Value” means, as of any date, the per share fair market value of the Common
Stock, as determined by the CEO, the COO, or other senior officer(s) designated by the Board in good faith on such basis as it deems appropriate and applied consistently with respect to Participants. 

 

	 	2.22	 “Family Members” means any child, stepchild, grandchild, parent, stepparent, grandparent,
spouse, sibling of the Participant, a trust in which these persons (or the Participant) have more than fifty percent (50%) of the beneficial interest, a foundation in which these persons (or the Participant) control the management of assets, and any
other entity in which these persons (or the Participant) own more than fifty percent (50%) of the voting interests. 

  

	 	2.23	 “Good Reason” means that the Employee (i) voluntarily resigns from the Company or the
Subsidiary (as applicable) due to the breach of the employment agreement by the Company or the Subsidiary (as applicable), or (ii) terminates the employment due to retirement, death or Disability. 

 

	 	2.24	 “Incentive Stock Option” means an Option granted to a U.S. Taxpayer Participant that is
intended to, and which does, in fact, qualify as an incentive stock option within the meaning of Section 422 of the Code. 

  

	 	2.25	 “Involuntary Termination” means (unless another definition is provided in the applicable
Option Agreement, Unrestricted Stock Purchase Agreement, employment agreement or other applicable written agreement) the termination of a Participant’s employment other than for (i) death, (ii) Disability or (iii) for Cause by the
Company or a Subsidiary, Affiliate or successor thereto, as appropriate. 

  
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	 	2.26	 “IPO” means an initial public offering of the securities of the Company or the Subsidiary of
the Company, Gogoro Taiwan Limited, in conjunction with the admission to trading on an internationally recognized Stock Exchange designated in writing by the Company. 

 

	 	2.27	 “Listed Security” means any security of the Company that is listed or approved for listing on
a Stock Exchange. 

  

	 	2.28	 “Management Trust” means the Gogoro Incorporated Management Trust established pursuant to the
Settlement. 

  

	 	2.29	 “Management Trust Trustee” means Genesis Trust & Corporate Services Ltd. of PO Box
448, Second Floor, Elgin Court, Elgin Avenue, George Town KY1-1106, Cayman Islands, acting as the trustee of the Management Trust. 

 

	 	2.30	 “Nonstatutory Stock Option” means an Option granted to a U.S. Taxpayer Participant that is not
intended to, or does not, in fact, qualify as an Incentive Stock Option. 

  

	 	2.31	 “Option” means a stock option granted pursuant to the Plan. 

 

	 	2.32	 “Option Agreement” means a written document, the form(s) of which shall be approved from time
to time by the CEO, the COO, or other senior officer(s) designated by the Board, reflecting the terms of an Option granted under the Plan and includes any documents attached to or incorporated into such Option Agreement, including, but not limited
to, a notice of stock option grant and a form of exercise notice. 

  

	 	2.33	 “Optioned Stock” means Shares that are subject to an Option or that were issued pursuant to
the exercise of an Option. 

  

	 	2.34	 “Optionee” means an Employee, Director or Consultant who receives an Option.

  

	 	2.35	 “Ordinary Resolution” has the meaning given in the Articles. 

 

	 	2.36	 “ Taiwanese Taxpayer Participant” means a Participant who is a citizen or a resident of Republic of
China (Taiwan) or is otherwise subject to the income tax laws of Republic of China (Taiwan). 

  

	 	2.37	 “Participant” means any holder of one or more Awards or Shares issued pursuant to an Award.

  

	 	2.38	 “Plan” means this Gogoro Inc. 2016 Equity Incentive Award Plan. 

  
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	 	2.39	 “Settlement” means the settlement, dated May 3, 2013 by and among HOK-SUM HORACE LUKE, as the original settlor, the Management Trust Trustee, and HOK-SUM HORACE LUKE, as the original enforcer of the trust. 

 

	 	2.40	 “Share” means a share of Common Stock, as adjusted in accordance with Section 10
(Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions) below. 

  

	 	2.41	 “Stock Exchange” means any stock exchange or consolidated stock price reporting system on
which prices for the Common Stock are quoted at any given time. 

  

	 	2.42	 “Subsidiary” means any corporation or other entity (i) a majority of whose outstanding
voting stock or voting power is beneficially owned directly or indirectly by the Company or (ii) that is controlled by the Company directly or indirectly by contract or otherwise. 

 

	 	2.43	 “ Other Participant” means a Participant who is neither a citizen or a resident of Republic of
China (Taiwan) or the U.S. or is otherwise subject to the income tax laws of Republic of China (Taiwan) or the U.S.. 

  

	 	2.44	 “Tax Obligation” means any and all income tax, social insurance, payroll tax, payment on
account or other tax related items arising out of Participant’s participation in the Plan and legally applicable to Participant. 

  

	 	2.45	 “Ten Percent Holder” means a person who owns stock representing more than ten percent (10%) of
the voting power of all classes of stock of the Company or any Subsidiary measured as of an Award’s date of grant. 

  

	 	2.46	 “Unrestricted Stock” means Shares acquired pursuant to a right to purchase or receive Common
Stock granted pursuant to Section 8 (Unrestricted Stock) below. 

  

	 	2.47	 “Unrestricted Stock Purchase Agreement” means a written document, the form(s) of which shall
be approved from time to time by the CEO, the COO, or other senior officer(s) designated by the Board, reflecting the terms of Unrestricted Stock granted under the Plan and includes any documents attached to such agreement. 

 

	 	2.48	 “U.S. Taxpayer Participant” means a Participant who is a citizen of the U.S., a resident of
the U.S. or is otherwise subject to the federal income tax laws of the U.S. 

  

	 	2.49	 “U.S.” means the United States of America. 

 

	3	 Stock Subject to the Plan. Subject to the provisions of Section 10 (Adjustments Upon Changes in
Capitalization, Merger or Certain Other Transactions) below, the maximum aggregate number of Shares that may be issued under the Plan is 49,370,000 Shares, up to 49,370,000 Shares may be issued under the Plan pursuant to Incentive Stock Options to
U.S. Taxpayer Participants. The Shares issued under the Plan shall be from the Company’s authorized, but unissued share capital. 

  
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	 	3.1	 Expired and Unexercisable Awards. If an Award should expire or become unexercisable for any reason
without having been exercised in full, or if Shares are issued under the Plan and later forfeited to the Company due to the failure to vest, the unissued or forfeited shares that were subject thereto shall, unless the Plan shall have been
terminated, continue to be or again be available for issuance pursuant to future Awards and grants under the Plan. 

  

	 	3.2	 No Issuing More than Maximum Aggregate Number of Shares. Notwithstanding the foregoing, subject to the
provisions of Section 10 (Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions) below, in no event shall the maximum aggregate number of Shares that may be issued under the Plan pursuant to Incentive Stock Options
granted to U.S. Taxpayer Participants exceed the number set forth in the first sentence of this Section 3 plus, to the extent allowable under Section 422 of the Code and the regulations promulgated there under, any Shares that again become
available for issuance pursuant to the remaining provisions of this Section 3. 

  

	4	 Administration of the Plan. 

 

	 	4.1	 General. The Plan shall be administered by the Board and the Board may authorize one or more officers of
the Company to make Awards under the Plan to Employees, Directors and Consultants (who, if a U.S. Taxpayer Participant, are not subject to Section 16 of the Exchange Act) within parameters specified by the Board. 

 

	 	4.2	 Powers of the CEO, the COO, and other senior officer(s) designated by the Board. Subject to the
provisions of the Plan and, in the case the specific duties delegated by the Board to each of the CEO, the COO, and other senior officer(s) designated by the Board, each of the CEO, the COO, and other senior officer(s) designated by the Board shall
have the authority, in its sole discretion: 

  

	 	(a)	 Determine Fair Market Value. To determine the Fair Market Value, provided that such determination shall
be applied consistently with respect to Participants under the Plan; 

  

	 	(b)	 Select Optionees. To select the Employees, Directors and Consultants to whom Awards may from time to
time be granted; 

  

	 	(c)	 Determine Number of Shares. To determine the number of Shares to be covered by each Award;

  

	 	(d)	 Approve Form of Agreements. To approve the form(s) of agreement(s) and other related documents used
under the Plan; 

  
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	 	(e)	 Determine Terms of Awards. To determine the terms and conditions, not inconsistent with the terms of the
Plan, of any Award granted hereunder, which terms and conditions include but are not limited to the exercise price or purchase price, the time or times when Awards may vest and/or be exercised (which may be based on performance criteria), the
circumstances (if any) when vesting will be accelerated or forfeiture restrictions will be waived, and any restriction or limitation regarding any Award, Optioned Stock, or Unrestricted Stock; 

 

	 	(f)	 Approve the Issue of Shares. To approve the issue of Shares pursuant to the terms of any Award;

  

	 	(g)	 Amend Outstanding Awards. To amend any outstanding Award or agreement related to any Optioned Stock or
Unrestricted Stock, including any amendment adjusting vesting (e.g., in connection with a change in the terms or conditions under which such person is providing services to the Company), provided that no amendment shall be made that would materially
and adversely affect the rights of any Participant without his or her consent and any such amendments shall comply with Code sections 422, 424 and 409A, as applicable for Options granted to a U.S. Taxpayer Participant; 

 

	 	(h)	 Approve Addenda. To approve addenda to the Plan pursuant to Section 18 (Addenda) below or to grant
Awards to, or to modify the terms of, any outstanding Option Agreement or Unrestricted Stock Purchase Agreement or any agreement related to any Optioned Stock or Unrestricted Stock held by Participants who are subject to non-domestic legal regimes with such terms and conditions as the CEO, the COO, or other senior officer(s) designated by the Board deems necessary or appropriate to accommodate differences in local law, tax policy or
custom which deviate from the terms and conditions set forth in this Plan to the extent necessary or appropriate to accommodate such differences, however, for Options granted to a U.S. Taxpayer Participant any such modifications shall comply with
Code sections 422, 424 and 409A, as applicable; 

  

	 	(i)	 Construe and Interpret. To construe and interpret the terms of the Plan, any Option Agreement or
Unrestricted Stock Purchase Agreement, and any agreement related to any Optioned Stock or Unrestricted Stock, which constructions, interpretations and decisions shall be final and binding on all Participants; and 

 

	 	(j)	 Other Determinations. To make all other determinations deemed necessary or advisable for administering
the Plan. 

  
 7 

	 	4.3	 Indemnification. To the maximum extent permitted by Applicable Laws and the Company’s Articles,
each member of the Board, the CEO, the COO, and other senior officer(s) designated by the Board shall be indemnified and held harmless by the Company against and from (i) any loss, cost, liability, or expense that may be imposed upon or
reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or
pursuant to the terms and conditions of any Award except for actions or omissions taken in bad faith or by reason of such indemnified person’s own dishonesty, willful default or fraud, and (ii) any and all amounts paid by him or her in
settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided that such member shall give the Company an opportunity, at its
own expense, to handle and defend any such claim, action, suit or proceeding before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of
indemnification to which such persons may be entitled under the Company’s applicable corporate organizational documents by contract, as a matter of law, or otherwise, or under any other power that the Company may have to indemnify or hold
harmless each such person. 

  

	5	 Eligibility. 

  

	 	5.1	 Recipients of Grants. Options and Unrestricted Stock, and with respect to any U.S. Taxpayer Participant,
Nonstatutory Stock Options, may be granted to Employees, Directors and Consultants. Incentive Stock Options may be granted only to U.S. Taxpayer Participant Employees. 

 

	 	5.2	 Type of Option. With respect to U.S. Taxpayer Participants, each Option shall be designated in the
Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. 

  

	 	5.3	 No Rights. Neither the Plan nor any Award shall confer upon any Employee, Director or Consultant any
right with respect to continuation of an employment, consulting or appointment relationship with the Company (any Subsidiary or Affiliate), nor shall it interfere in any way with such Employee’s, Director’s or Consultant’s right or
the Company’s (Subsidiary’s or Affiliate’s) right to terminate his or her relationship at any time, with or without cause, subject to the requirements of Applicable Laws. 

 

	6	 Term of Plan. The Plan shall become effective upon its adoption by the Board and shall continue in
effect for a term of three (3) years unless sooner terminated under Section 14 (Amendment and Termination of the Plan) below. 

  

	7	 Options. 

  

	 	7.1	 Term of Option. The term of each Option shall be the term stated in the Option Agreement; provided that
the term shall be no more than ten (10) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the case of an Incentive Stock Option granted to a U.S. Taxpayer
Participant who at the time of such grant is a Ten Percent Holder, the term of the Option shall be five (5) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement. 

  
 8 

	 	7.2	 Option Exercise Price and Consideration. 

 

	 	(a)	 Exercise Price. The per Share exercise price for the Shares to be issued pursuant to the exercise of an
Option shall be such price as is determined by the CEO, the COO, or other senior officer(s) designated by the Board and set forth in the Option Agreement, but shall not be less than the par value per Share and shall be subject to the following:

  

	 	(i)	 Exercise Price of ISOs Granted to U.S. Taxpayer Participants. In the case of an Incentive Stock Option:

  

	 	(1)	 granted to a U.S. Taxpayer Participant Employee who at the time of grant is a Ten Percent Holder, the per Share
exercise price shall be no less than one hundred ten percent (110%) of the Fair Market Value on the date of grant; 

  

	 	(2)	 granted to any other U.S. Taxpayer Participant Employee, the per Share exercise price shall be no less than one
hundred percent (100%) of the Fair Market Value on the date of grant; 

  

	 	(ii)	 Exercise Price of NSOs Granted to U.S. Taxpayer Participants. In the case of all other Options,
including Nonstatutory Stock Options, granted to any U.S. Taxpayer Participant, the per Share exercise price shall be no less than one hundred percent (100%) of the Fair Market Value on the date of grant. 

 

	 	(iii)	 Exercise Price of NSOs Granted to Taiwanese Taxpayer Participants. In the case of all other Options,
including Nonstatutory Stock Options, granted to any Taiwanese Taxpayer Participant, the per Share exercise price shall be USD 0.0001 or such other price as may be determined by the CEO, the COO, or other senior officer(s) designated by the Board,
provided that, if the per Share exercise price is less than one hundred percent (100%) of the Fair Market Value on the date of grant, it shall otherwise comply with all Applicable Laws. 

 

	 	(iv)	 Exercise Price of NSOs Granted to Other Participants. In the case of all other Options, including
Nonstatutory Stock Options, granted to any Other Participant, the per Share exercise price shall be USD 0.0001 or such other price as may be determined by the CEO, the COO, or other senior officer(s) designated by the Board, provided that, if the
per Share exercise price is less than one hundred percent (100%) of the Fair Market Value on the date of grant, it shall otherwise comply with all Applicable Laws. 

  
 9 

	 	(b)	 Permissible Consideration. The consideration to be paid for the Shares to be issued upon exercise of an
Option, including the method of payment, shall be determined by the CEO, the COO, or other senior officer(s) designated by the Board (and, in the case of an Incentive Stock Option granted to a U.S. Taxpayer Participant and to the extent required by
Applicable Laws, shall be determined at the time of grant) and shall consist entirely of cash; provided that the consideration shall not be less than the aggregate par value of the relevant Shares. The consideration to be paid for the Shares issued
upon exercise of an Option by a U.S. Taxpayer Participant shall be by cash or check or tendering of previously purchased vested Shares, if the use of such Shares is permitted by the CEO, the COO, or other senior officers designated by the Board.

  

	 	7.3	 Exercise of Option. 

 

	 	(a)	 General. 

  

	 	(i)	 Exercisability. Any Option granted hereunder shall be exercisable at such times and under such
conditions as proposed by the CEO, the COO, or other senior officer(s) designated by the Board and approved by the Board, consistent with the terms of the Plan and reflected in the Option Agreement, including vesting requirements and/or performance
criteria with respect to the Company, and Subsidiary or Affiliate, and/or the Optionee; provided that in no event shall any Option be exercised after the tenth anniversary of its grant date. 

 

	 	(ii)	 Minimum Exercise Requirements. An Option may not be exercised for a fraction of a Share. The CEO, the
COO, or other senior officer(s) designated by the Board may require that an Option be exercised as to a minimum number of Shares, provided that such requirement shall not prevent an Optionee from exercising the full number of Shares as to which the
Option is then exercisable. 

  

	 	(iii)	 Procedures for Exercise. An Option shall be deemed exercised when (a) written notice of such
exercise has been received by the Company in accordance with the terms of the Option Agreement by the person entitled to exercise the Option, (b) the Company has received full payment for the Shares with respect to which the Option is exercised
and (c) the Participant has paid, or made arrangements to satisfy, any applicable taxes, withholding, required deductions or other required payments in accordance with Section 9 (Taxes) below. 

 

	 	(iv)	 Results of Exercise. The issue of Shares upon the exercise of an Option shall result in a decrease in
the number of Shares that thereafter may be available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 

  
 10 

	 	(v)	 Rights as Holder of Shares. Until the issuance of the Shares (as evidenced by the appropriate entry in
the register of members of the Company), no right to vote or receive dividends or any other rights as a holder of Shares shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the Shares are issued, except as provided below in Section 10 (Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions). 

 

	 	(b)	 Termination of Employment 

Upon termination of employment of the Employee, vesting of a part or the whole of Options will cease and will expire and become void in
accordance with the following: 
  

	 	(i)	 If the Employee voluntarily terminates his employment with the Company or the Subsidiary (as applicable) with
Good Reason either before or after IPO, he shall, subject to the determination of the CEO, the COO, or other senior officer(s) designated by the Board, be entitled to retain (I) a part of or the whole portion of the Options that have been
vested prior to his resignation and/or (II) if applicable, any portion of the Options that has been vested prior to his resignation but the vesting has been deferred in accordance with the relevant individual employment agreement with the
Company or the Subsidiary (as applicable) or the resolutions of the Company or the Subsidiary (as applicable) (in the event set forth in this subparagraph, the deferred portion shall be deemed to have been vested), and shall forfeit such portion as
determined by the CEO ,the COO, or other senior officer(s) designated by the Board. Furthermore, the Employeeshall forfeit any portion of the Options that has not vested as of the date of his resignation and Options unvested shall be terminated and
void as of the date of employment termination. If the Employee voluntarily terminates his employment with the Company or the Subsidiary (as applicable) without Good Reason after IPO, he shall be deemed to have forfeited any portion of the Options
that have not vested as of the date of his resignation and Options unvested shall be terminated and void as of the date of employment termination. In any of the above events (other than the death of the Employee), the Employee shall be required to
exercise his vested Options within thirty (30) calendar days of the termination of employment and the portion of the Options vested but not exercised within the above period. 

 

	 	(ii)	 If the Employee voluntarily terminates his employment with the Company or the Subsidiary (as applicable)
without Good Reason before IPO, he shall be deemed to have forfeited all of the Options granted whether vested or unvested, and all of the Options granted whether vested or unvested shall be terminated and void. 

  
 11 

	 	(iii)	 If the Company or the Subsidiary (as applicable) terminates the employment of the Employee for Cause, the
Employee shall be deemed to have forfeited all of the Options granted whether vested or unvested and all of the Options granted whether vested or unvested shall be terminated and void. If the Company or the Subsidiary (as applicable) terminates the
employment of the Employee without Cause, the Employee shall be entitled to retain 100% of that portion of the Options that have vested prior to such termination of the employment and any portion of the Options that have been vested prior to his
resignation but the vesting has been deferred in accordance with the relevant individual employment agreement with the Company or the Subsidiary (as applicable) or the resolutions of the Company or the Subsidiary (as applicable), and shall forfeit
such portion as determined by the Board of the Company. 

  

	 	(iv)	 In the event of the death of the Employee, the legal personal representative of the deceased Employee shall
exercise the vested Options within ninety (90) days of the date of the Employee’s death, and the portion of the Options vested but not exercised within the above period shall be forfeited upon expiration of the above period, unless
otherwise determined by the CEO, the COO, or other senior officer(s) designated by the Board. 

  

	 	7.4	 Accelerated Vesting 

 

	 	(a)	 In the event of an Exit Event, any portion of the relevant Options granted to Employees and Directors that have
not been forfeited or terminated but that has not yet vested prior to the closing of such transaction shall become fully vested. 

  

	 	(b)	 Notwithstanding the above, at the discretion of the CEO, the COO, or other senior officer(s) designated by the
Board, selected senior Employees and/or Director(s) will be allowed to accelerate vesting of Options granted to them in the event of IPO. Each of the CEO, the COO, and other senior officer(s) designated by the Board is authorized to determine the
selected Employees and/or Director(s) at his discretion, based on factors including, without limitation, the relevant individual agreements with the Company and/or the Subsidiaries, their seniorities, rankings, performance, contributions, special
achievements, and any other conditions or factors. In the event of an IPO, any portion of the relevant Options granted to the selected employees and Directors that have not been forfeited or terminated but that has not yet vested prior to the
closing of the IPO shall become fully vested. 

  
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	8	 Unrestricted Stock. 

 

	 	8.1	 Rights to Purchase. When a right to purchase or receive Unrestricted Stock is granted under the Plan,
the Company shall advise the recipient in writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid, if any (which shall be as
determined by the CEO, the COO, or other senior officer(s) designated by the Board, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration
for Unrestricted Stock shall be determined by the CEO, the COO, or other senior officer(s) designated by the Board and shall be the same as is set forth in Section 7.2(b) (Permissible Consideration) above with respect to exercise of Options and
shall not be less than the aggregate par value of the relevant Shares. The offer to purchase Shares shall be accepted by execution of an Unrestricted Stock Purchase Agreement in the form determined by the CEO the COO, or other senior officer(s)
designated by the Board. 

  

	 	8.2	 Repurchase Option. The Unrestricted Stock Purchase Agreement may grant the Company a repurchase option
exercisable upon the voluntary or Involuntary Termination of the Participant’s employment for any reason (including death or Disability) at a purchase price equal to the original purchase price per Share paid by the purchaser to the Company for
such Shares and may be paid by cancellation of any indebtedness of the purchaser to the Company. The repurchase option shall lapse at such rate as the CEO, the COO, or other senior officer(s) designated by the Board may determine.

  

	 	8.3	 Other Provisions. The Unrestricted Stock Purchase Agreement shall contain such other terms, provisions
and conditions not inconsistent with the Plan as may be determined by the CEO, the COO, or other senior officer(s) designated by the Board in its sole discretion. In addition, the provisions of Unrestricted Stock Purchase Agreements need not be the
same with respect to each Participant. 

  

	 	8.4	 Rights as a Holder of Unrestricted Stock. Once the Unrestricted Stock is purchased, the Participant
shall have the rights equivalent to those of a holder of Shares, and shall be the legal holder when his or her purchase and the issuance of the Shares is entered in the register of members of the Company. No adjustment will be made for a dividend or
other right for which the record date is prior to the date the Unrestricted Stock is purchased, except as provided below in Section 10 (Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions). 

 

	9	 Taxes. 

  

	 	9.1	 Tax Obligations. As a condition of the grant, vesting and exercise of an Award, the Participant (or in
the case of the Participant’s death or a permitted transferee, the person holding or exercising the Award) shall make such arrangements as the CEO, the COO, or other senior officer(s) designated by the Board may require for the satisfaction of
any applicable local or foreign tax, withholding, and any other required deductions or payments that may arise in connection with such Award. The Company shall not be required to issue any Shares under the Plan until such obligations are satisfied.
Regardless of any action the Company and/or the Participant takes with respect to the Tax Obligation, Participant acknowledges that the ultimate liability for all Tax Obligations is and remains Participant’s sole responsibility and may exceed
the amount actually withheld by the Company. 

  
 13 

	 	9.2	 If the Option granted to the Participant herein is an Incentive Stock Option and the Participant is a U.S.
taxpayer, and if the Participant sells or otherwise disposes of any of the Shares acquired pursuant to the Incentive Stock Option on or before the later of (i) the date two (2) years after the date of grant of Options, or (ii) the
date one (1) year after the date of exercise, the Participant shall immediately notify the Company in writing of such disposition. The Participant agrees that the Participant may be subject to a Tax Obligation by the Company on the compensation
income recognized by the Participant. 

  

	10	 Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions. 

 

	 	10.1	 Changes in Capitalization. Subject to any action required under Applicable Laws by the holders of
Shares, and for Options granted to a U.S. Taxpayer Participant subject to the requirements of Code sections 422, 424 and 409A, as applicable, (i) the numbers and class of Shares or other stock or securities: (x) available for future Awards
under Section 3 (Stock Subject to the Plan) above and (y) covered by each outstanding Award, (ii) the exercise price per Share of each such outstanding Option, and (iii) any repurchase price per Share applicable to Shares issued
pursuant to any Award, shall be automatically proportionately adjusted in the event of a consolidation, subdivision, bonus issue or reclassification of the Shares. In the event of any increase or decrease in the number of issued Shares effected
without receipt of consideration by the Company, a declaration of an extraordinary dividend with respect to the Shares payable in a form other than Shares in an amount that has a material effect on the Fair Market Value, a recapitalization
(including a recapitalization through a large nonrecurring cash dividend), a rights offering, a reorganization, consolidation, merger, a spin-off, split-up, change in
corporate structure or a similar occurrence, the CEO, the COO, or other senior officer(s) designated by the Board shall make appropriate adjustments, in its discretion, in one or more of (i) the numbers and class of Shares or other stock or
securities: (x) available for future Awards under Section 3 (Stock Subject to the Plan) above and (y) covered by each outstanding Award, (ii) the exercise price per Share of each outstanding Option and (iii) any repurchase price
per Share applicable to Shares issued pursuant to any Award, and any such adjustment by the CEO, the COO, or other senior officer(s) designated by the Board shall be made in the CEO’s, the COO’s, or the senior officer(s)’ sole and
absolute discretion and shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason
thereof shall be made with respect to, the number or price of Shares subject to an Award. If, by reason of a transaction described in this Section 10.1 or an adjustment pursuant to this Section 10.1, a Participant’s Award agreement or
agreement related to any Optioned Stock or Unrestricted Stock covers additional or different shares or other securities, then such additional or different shares, and the Award agreement or agreement related to the Optioned Stock or Unrestricted
Stock in respect thereof, shall be subject to all of the terms, conditions and restrictions which were applicable to the Award, Optioned Stock and Unrestricted Stock prior to such adjustment. 

  
 14 

	 	10.2	 No Anti-Dilution Where the Company capitalizes the retained earnings and/or capital reserves after the
issuance of the Options, or there is any capital increase or decrease by the Company, the total number of shares for the Options granted, whether vested or not, shall not be adjusted. 

 

	 	10.3	 Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company, each Award
will terminate immediately prior to the consummation of such action, unless otherwise determined by the CEO, the COO, or other senior officer(s) designated by the Board. 

 

	 	10.4	 Corporate Transactions. In the event of a Corporate Transaction, each outstanding Award (vested or
unvested) will be treated as the CEO, the COO, or other senior officer(s) designated by the Board determines, which determination may be made without the consent of any Participant and need not treat all outstanding Awards (or portion thereof) in an
identical manner. Such determination, without the consent of any Participant, may provide (without limitation) for one or more of the following in the event of a Corporate Transaction: (A) the continuation of such outstanding Awards by the
Company (if the Company is the surviving corporation); (B) the assumption of such outstanding Awards by the surviving corporation or its parent; or (C) the substitution by the surviving corporation or its parent of new options or equity awards
for such Awards. 

  

	 	10.5	 No Corporate Action Restriction. The existence of this Plan, the Option Agreements and the Awards
granted hereunder shall not limit, affect or restrict in any way the right or power of the Board or the holders of capital stock 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 stock ahead of or affecting the capital stock (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 Option Agreement against
any member of the Board, the CEO, the COO, or other senior officer(s) designated by the Board, or the Company or any employees, officers or agents of the Company or any Subsidiary, as a result of any such action. 

  
 15 

	11	 Non-Transferability of Awards. 

 

	 	11.1	 General. Other than inheritance or voluntary waiver of Options, neither Employees nor Directors shall
transfer, assign, pledge, donate, give as a gift, or otherwise dispose of any Options granted in any manner unless approved by the CEO, the COO, or other senior officer(s) designated by the Board. 

 

	 	11.2	 Limited Transferability Rights. Notwithstanding anything else in this Section 11, the CEO, the COO,
or other senior officer(s) designated by the Board may in its sole discretion provide that any Options, and with respect to any U.S. Taxpayer Participant, any Nonstatutory Stock Options, may be transferred by instrument to an inter vivos or
testamentary trust in which the Options are to be passed to beneficiaries upon the death of the trustor (settlor) or by gift to Family Members. 

  

	12	 Transfer Restrictions on Shares Underlying Awards.
Non-Compliant Transfers Void. Any purported transfer of Shares effected in violation of this Section 12 shall be null and void and shall have no force or effect and the Company shall not be
required (i) to record in its register of members any Shares that have been sold or otherwise transferred in violation of any of the provisions of the Plan or (ii) to treat as owner of such Shares or to accord the right to vote or pay
dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 

  

	13	 Time of Granting Awards. The date of grant of an Award shall, for all purposes, be the date on which the
CEO, the COO, or other senior officer(s) designated by the Board makes the determination granting such Award, or such other date as is determined by the CEO, the COO, other senior officer(s) designated by the Board. 

 

	14	 Amendment and Termination of the Plan. The Board may at any time amend or terminate the Plan, but no
amendment or termination shall be made that would materially and adversely affect the rights of any Participant under any outstanding Award, without the consent of such Participant. 

 

	15	 Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement
entered into by the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with Applicable Laws, with
such compliance determined by the Company in consultation with its legal counsel. 

  

	16	 Beneficiaries. If permitted by the Company, a Participant may designate one or more beneficiaries with
respect to an Award by timely filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant’s death. Except as otherwise provided in an
Award Agreement, if no beneficiary was designated or if no designated beneficiary survives the Participant, then after a Participant’s death any vested Award(s) shall be transferred or distributed to the Participant’s estate or to any
person who has the right to acquire the Award by bequest or inheritance. 

  
 16 

	17	 Approval of Holders of Shares. If required by Applicable Laws, including any applicable provisions of
Section 422 of the Code and the regulations promulgated thereunder, continuance of the Plan shall be subject to approval by the holders of Shares of the Company by an Ordinary Resolution within twelve (12) months before or after the date
the Plan is adopted or, to the extent required by Applicable Laws, any date the Plan is amended. Such approval shall be obtained in the manner and to the degree required under the Articles. 

 

	18	 Addenda. The CEO, the COO, or other senior officer(s) designated by the Board may approve such addenda
to the Plan as it may consider necessary or appropriate for the purpose of granting Awards to Employees, Directors or Consultants, which Awards may contain such terms and conditions as the CEO, the COO, or other senior officer(s) designated by the
Board deems necessary or appropriate to accommodate differences in local law, tax policy or custom, which may deviate from the terms and conditions set forth in this Plan. The terms of any such addenda shall supersede the terms of the Plan to the
extent necessary to accommodate such differences but shall not otherwise affect the terms of the Plan as in effect for any other purpose. 

  

	19	 Language. In the event that this Plan is approved in both English and Chinese, and there is a conflict
between the English and Chinese version of this Agreement, the English version shall be binding upon the Parties. 

  

	20	 Governing Law. The validity, interpretation, construction and performance of the Plan shall be governed
by the laws of Cayman Islands. 

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