Document:

Exhibit 10.4

GLOBANT S.A.

2014 EQUITY INCENTIVE PLAN

 

		1.	Establishment, Purpose and Types of Awards

 

GLOBANT S.A., a société
anonyme incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 5, rue Guillaume Kroll, L-1882
Luxembourg, registered with the Luxembourg trade and companies register under number B 173 727 (the “Company”),
hereby establishes the GLOBANT S.A. 2014 EQUITY INCENTIVE PLAN (the “Plan”). The purpose of the Plan is to promote
the long-term growth and profitability of the Company by (i) providing key people with incentives to improve stockholder value
and to contribute to the growth and financial success of the Company through their future services, and (ii) enabling the
Company to attract, retain and reward the best-available personnel.

 

The Plan permits the
granting of stock options (including incentive stock options qualifying under Code section 422 and nonstatutory stock options),
stock appreciation rights, restricted or unrestricted stock awards, restricted stock units, performance awards, other stock-based
awards, or any combination of the foregoing.

 

		2.	Definitions

 

Under this Plan, except
where the context otherwise indicates, the following definitions apply:

 

(a)          “Administrator”
means the Board or the committee(s) or officer(s) appointed by the Board from time to time that have authority to administer the
Plan as provided in Section 3 hereof.

 

(b)          “Affiliate”
means any entity, whether now or hereafter existing, which controls, is controlled by, or is under common control with, the Company
(including, but not limited to, joint ventures, limited liability companies, and partnerships). For this purpose, “control”
shall mean ownership of 50% or more of the total combined voting power or value of all classes of stock or interests of the entity,
or the power to direct the management and policies of the entity, by contract or otherwise.

 

(c)          “Award”
means any stock option, stock appreciation right, stock award, restricted stock unit award, performance award, or other stock-based
award.

 

(d)          “Board”
means the board of directors of the Company as composed from time to time.

 

(e)          “Change
in Control” means: (i) the acquisition (other than from the Company) in one or more transactions by any Person,
as defined in this Section 2(e), of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities
Exchange Act of 1934, as amended) of more than 50% of (A) the then outstanding shares of the Company, or (B) the combined
voting power of the then outstanding securities of the Company entitled to vote generally in the election of directors (the “Company
Voting Stock”); (ii) the closing of a sale or other conveyance of all or substantially all of the assets of the
Company; or (iii) the effective time of any merger, share exchange, consolidation, or other business combination involving
the Company if immediately after such transaction persons who hold a majority of the outstanding voting securities entitled to
vote generally in the election of directors of the surviving entity (or the entity owning 100% of such surviving entity) are not
persons who, immediately prior to such transaction, held the Company Voting Stock; provided, however, that a Change
in Control shall not include any consolidation or merger effected exclusively to change the domicile of the Company or a public
offering of capital stock of the Company, and provided also that that for purposes of any Award or subplan that constitutes a
“nonqualified deferred compensation plan,” within the meaning of Code section 409A, the Administrator, in its discretion,
may specify a different definition of Change in Control in order to comply with the provisions of Code section 409A. For purposes
of this Section 2(e), a “Person” means any individual, entity or group within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Exchange Act of 1934, as amended, other than: employee benefit plans sponsored or maintained by
the Company and by entities controlled by the Company or an underwriter of the Common Shares in a registered public offering. 

 

(f)          “Code”
means the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder.

 

    	 

    	 

    

 

(g)          “Common
Shares” means the common shares of the Company at Par Value.

 

(h)          “Fair
Market Value” means, with respect to the Common Shares, as of any date:

 

(i)          if
the principal market for the Common Shares (as determined by the Administrator if the Common Shares is listed or admitted to trading
on more than one exchange or market) is a national securities exchange or an established securities market, the official closing
price per Common Share for the regular market session on that date on the principal exchange or market on which the Common Shares
are then listed or admitted to trading or, if no sale is reported for that date, on the last preceding day on which a sale was
reported;

 

(ii)         if
the principal market for the Common Shares is not a national securities exchange or an established securities market, the average
of the highest bid and lowest asked prices for the Common Shares on that date as reported on a national quotation system or, if
no prices are reported for that date, on the last preceding day on which prices were reported; or

 

(iii)        if
the Common Shares are neither listed or admitted to trading on a national securities exchange or an established securities market,
nor quoted by a national quotation system, the value determined by the Administrator in good faith by reasonable application of
a reasonable valuation method.

 

(i)          “Grant
Agreement” means a written document, including an electronic writing acceptable to the Administrator, memorializing the
terms and conditions of an Award granted pursuant to the Plan and which shall incorporate the terms of the Plan.

 

(j)          “Par
Value” means the par value of the Common Shares from time to time, being currently $0.10 per share.

 

(k)          “Performance
Measures” mean criteria established by the Administrator relating to any of the following, as it may apply to an individual,
one or more business units, divisions or subsidiaries, or on a Company-wide basis, and in either absolute terms or relative to
the performance of one or more comparable companies or an index covering multiple companies: revenue; earnings before interest,
taxes, depreciation and amortization (EBITDA); operating income; pre- or after-tax income; cash flow; cash flow per share; net
earnings; earnings per share; price-to-earnings ratio; return on equity; return on invested capital; return on assets; growth in
assets; share price performance; economic value added; total shareholder return; improvement in or attainment of expense levels;
improvement in or attainment of working capital levels; relative performance to a group of companies comparable to the Company,
and strategic business criteria consisting of one or more objectives based on the Company’s meeting specified goals relating
to revenue, market penetration, business expansion, costs or acquisitions or divestitures.

 

		3.	Administration

 

(a)          Administration
of the Plan. The Plan shall be administered by the Board or by such committee or committees as may be appointed by the Board
from time to time. To the extent allowed by applicable laws, the Board by resolution may authorize an officer or officers to grant
Awards (other than stock Awards) to other officers and employees of the Company and its Affiliates, and, to the extent of such
authorization, such officer or officers shall be the Administrator.

 

(b)          Powers
of the Administrator. The Administrator shall have all the powers vested in it by the terms of the Plan and the resolution
of the Board, such powers to include authority, in its sole and absolute discretion, to grant Awards under the Plan, prescribe
Grant Agreements evidencing such Awards and establish programs for granting Awards.

 

    	 

    	 

    

 

The Administrator
shall have full power and authority to take all other actions necessary to carry out the purpose and intent of the Plan, including,
but not limited to, the authority to: (i) determine the eligible persons to whom, and the time or times at which Awards shall
be granted; (ii) determine the types of Awards to be granted; (iii) determine the number of shares to be covered by or
used for reference purposes for each Award; (iv) impose such terms, limitations, restrictions and conditions upon any such
Award as the Administrator shall deem appropriate; (v) modify, amend, extend or renew outstanding Awards, or accept the surrender
of outstanding Awards and substitute new Awards (provided however, that, except as provided in Section 7 of the Plan, any
modification that would materially adversely affect any outstanding Award shall not be made without the consent of the holder and
no such modification, amendment or substitution that results in repricing the Award shall be made without prior stockholder approval);
(vi) accelerate or otherwise change the time in which an Award may be exercised or becomes payable and to waive or accelerate
the lapse, in whole or in part, of any restriction or condition with respect to such Award, including, but not limited to, any
restriction or condition with respect to the vesting or exercisability of an Award following termination of any grantee’s
employment or other relationship with the Company; provided, however, that no such waiver or acceleration
of lapse restrictions shall be made with respect to a performance-based stock award granted to an executive officer of the Company
if such waiver or acceleration is inconsistent with Code section 162(m); (vii) establish objectives and conditions, if any,
for earning Awards and determining whether Awards will be paid with respect to a performance period; and (viii) for any purpose,
including but not limited to, qualifying for preferred tax treatment under foreign tax laws or otherwise complying with the regulatory
requirements of local or foreign jurisdictions, to establish, amend, modify, administer or terminate sub-plans, and prescribe,
amend and rescind rules and regulations relating to such sub-plans.

 

The Administrator
shall have full power and authority, in its sole and absolute discretion, to administer, construe and interpret the Plan, Grant
Agreements and all other documents relevant to the Plan and Awards issued thereunder, to establish, amend, rescind and interpret
such rules, regulations, agreements, guidelines and instruments for the administration of the Plan and for the conduct of its business
as the Administrator deems necessary or advisable, and to correct any defect, supply any omission or reconcile any inconsistency
in the Plan or in any Award in the manner and to the extent the Administrator shall deem it desirable to carry it into effect.

 

(c)          Non-Uniform
Determinations. The Administrator’s determinations under the Plan (including without limitation, determinations of the
persons to receive Awards, the form, amount and timing of such Awards, the terms and provisions of such Awards and the Grant Agreements
evidencing such Awards, and the ramifications of a Change in Control upon outstanding Awards) need not be uniform and may be made
by the Administrator selectively among Awards or persons who receive, or are eligible to receive, Awards under the Plan, whether
or not such persons are similarly situated.

 

(d)          Limited
Liability. To the maximum extent permitted by law, no member of the Administrator shall be liable for any action taken or decision
made in good faith relating to the Plan or any Award thereunder.

 

(e)          Indemnification.
To the maximum extent permitted by law and by the Company’s articles of association, the members of the Administrator shall
be indemnified by the Company in respect of all their activities under the Plan except in the case of gross negligence or willful
misconduct.

 

(f)          Effect
of Administrator’s Decision. All actions taken and decisions and determinations made by the Administrator on all matters
relating to the Plan pursuant to the powers vested in it hereunder shall be in the Administrator’s sole and absolute discretion
and shall be conclusive and binding on all parties concerned, including the Company, its stockholders, any participants in the
Plan and any other employee, consultant, or director of the Company, and their respective successors in interest.

 

		4.	Shares Available for the Plan

 

Subject to adjustments
as provided in Section 7(d) of the Plan, the Common Shares that may be issued with respect to Awards granted under
the Plan shall not exceed an aggregate of 40,000,000 shares, and of those the maximum number of shares that may be issued under
this Plan pursuant to incentive stock options intended to qualify under Code section 422 is 40,000,000. Subject to the provisions
of the law, the Company shall maintain an authorized capital comprising such number of shares for Awards under the Plan, subject
to adjustments as provided in Section 7(d) of the Plan. If any Award, or portion of an Award, under the Plan expires
or terminates unexercised, becomes unexercisable, is settled in cash without delivery of Common Shares, or is forfeited or otherwise
terminated or canceled as to any shares, the shares subject to such Award shall thereafter be available for further Awards under
the Plan. Notwithstanding anything herein to the contrary, shares used to pay the exercise price of an Award or tax obligations
shall not be available again for other Awards under the Plan.

 

    	 

    	 

    

 

Subject to adjustments
as provided in Section 7(d) of the Plan, the maximum number of Common Shares subject to Awards of any combination that may be granted
during any one fiscal year of the Company to any one individual under this Plan shall be limited to 4,000,000 shares. Such per-individual
limit shall not be adjusted to effect a restoration of Common Shares with respect to which the related Award is terminated, surrendered
or canceled. Notwithstanding the foregoing, the restriction contained in this paragraph shall not apply until the earliest of:
(1) the first material modification of the Plan (including any increase in the number of Common Shares reserved for issuance hereunder);
(2) the issuance of all of the Common Shares reserved for issuance under the Plan; (3) the expiration of the Plan; (4) the first
meeting of stockholders at which directors are to be elected that occurs after the close of the third (3rd) calendar year following
the calendar year in which occurred the first registration of an equity security by the Company under Section 12 of the Securities
Act of 1934, as amended; or (5) such other date required by Section 162(m) of the Code.

 

		5.	Participation

 

Participation in the
Plan shall be open to all employees, officers, and directors of, and other individuals providing bona fide services to or for,
the Company, or of any Affiliate of the Company, as may be selected by the Administrator from time to time. The Administrator may
also grant Awards to individuals in connection with hiring, recruiting or otherwise, prior to the date the individual first performs
services for the Company or an Affiliate, provided that such Awards shall not become vested or exercisable, and no shares shall
be issued to such individual, prior to the date the individual first commences performance of such services.

 

		6.	Awards

 

The Administrator,
in its sole discretion, establishes the terms of all Awards granted under the Plan. Awards may be granted individually or in tandem
with other types of Awards, concurrently with or with respect to outstanding Awards. All Awards are subject to the terms and conditions
provided in the Grant Agreement.

 

(a)          Stock
Options. The Administrator may from time to time grant to eligible participants Awards of incentive stock options as that term
is defined in Code section 422 or nonstatutory stock options; provided, however, that Awards of incentive stock
options shall be limited to employees of the Company or of any current or hereafter existing “parent corporation”
or “subsidiary corporation,” as defined in Code sections 424(e) and (f), respectively, of the Company and any
other individuals who are eligible to receive incentive stock options under the provisions of Code section 422. Options must
have an exercise price at least equal to Fair Market Value as of the date of grant and not lower than Par Value and may not have
a term in excess of ten years’ duration. No stock option shall be an incentive stock option unless so designated by the Administrator
at the time of grant or in the Grant Agreement evidencing such stock option.

 

(b)          Stock
Appreciation Rights. The Administrator may from time to time grant to eligible participants Awards of Stock Appreciation Rights
(“SAR”). An SAR entitles the grantee to receive, subject to the provisions of the Plan and the Grant Agreement,
a payment having an aggregate value equal to the product of (i) the excess of (A) the Fair Market Value on the exercise date of
one Common Share over (B) the base price per share specified in the Grant Agreement, times (ii) the number of shares specified
by the SAR, or portion thereof, which is exercised. The base price per share specified in the Grant Agreement shall not be less
than the lower of the Fair Market Value on the grant date (but in no case lower than Par Value) or the exercise price of any tandem
stock option Award to which the SAR is related. No SAR shall have a term longer than ten years’ duration. Payment by the
Company of the amount receivable upon any exercise of an SAR may be made by the delivery of Common Shares or cash, or any combination
of Common Shares and cash, as determined in the sole discretion of the Administrator. If upon settlement of the exercise of an
SAR a grantee is to receive a portion of such payment in Common Shares, the number of shares shall be determined by dividing such
portion by the Fair Market Value of a Common Share on the exercise date, it being understood that no Common Shares shall be issued
below Par Value. No fractional shares shall be used for such payment and the Administrator shall determine whether cash shall be
given in lieu of such fractional shares or whether such fractional shares shall be eliminated. The Administrator shall obtain a
report from an independent auditor (réviseur d’entreprises agréé) confirming that the in-kind
consideration upon exercise of a SAR has a value at least equivalent to the number and value of Shares issued in counterpart.

 

    	 

    	 

    

 

		(c)	Stock Awards. 

 

(i)          The
Administrator may from time to time grant stock awards to eligible participants in such amounts, on such terms and conditions,
and for such consideration, including no consideration or such minimum consideration as may be required by law, as it shall determine.
A stock award may be denominated in Common Shares or other securities, stock-equivalent units or restricted stock units, securities
or debentures convertible into Common Shares, or any combination of the foregoing and may be paid in Common Shares or other securities,
in cash, or in a combination of Common Shares or other securities and cash, all as determined in the sole discretion of the Administrator.

 

(ii)         The
Administrator may grant stock awards in a manner constituting “qualified performance-based compensation” within the
meaning of Code section 162(m). The grant of, or lapse of restrictions with respect to, such performance-based stock awards shall
be based upon one or more Performance Measures and objective performance targets to be attained relative to those Performance Measures,
all as determined by the Administrator. Performance targets may include minimum, maximum, intermediate and target levels of performance,
with the size of the performance-based stock award or the lapse of restrictions with respect thereto based on the level attained.
A performance target may be stated as an absolute value or as a value determined relative to prior performance, one or more indices,
budget, one or more peer group companies, any other standard selected by the Administrator, or any combination thereof. The Administrator
shall be authorized to make adjustments in the method of calculating attainment of Performance Measures and performance targets
in recognition of: (A) extraordinary or non-recurring items; (B) changes in tax laws; (C) changes in generally accepted accounting
principles or changes in accounting policies; (D) charges related to restructured or discontinued operations; (E) restatement of
prior period financial results; and (F) any other unusual, non-recurring gain or loss that is separately identified and quantified
in the Company’s financial statements; provided that the Administrator’s decision as to whether such adjustments will
be made with respect to any “covered employee,” within the meaning of Code section 162(m), is determined when the performance
targets are established for the applicable performance period. Notwithstanding the foregoing, the Administrator may, at its sole
discretion, modify the performance results upon which Awards are based under the Plan to offset any unintended results arising
from events not anticipated when the Performance Measures and performance targets were established; provided, that such modifications
may be made with respect to an Award granted to any “covered employee,” within the meaning of Code section 162(m),
only to the extent permitted by Code section 162(m) if the Award was intended to constitute “qualified performance-based
compensation” within the meaning of Code section 162(m). Notwithstanding anything in the Plan to the contrary, the Administrator
is not authorized to waive or accelerate the lapse of restrictions on a performance-based stock award granted to any “covered
employee,” within the meaning of Code section 162(m), except upon death, disability or a change of ownership or control of
the Company. In the event that a Change in Control occurs after a performance-based stock award has been granted but before completion
of the applicable performance period, a pro rata portion of such Award shall become payable (or a pro rata portion of the lapse
restrictions shall lapse, as applicable) as of the date of the Change in Control to the extent otherwise earned on the basis of
achievement of the pro rata portion of the Performance Measures and performance targets relating to the portion of the performance
period completed as of the date of the Change in Control.

 

    	 

    	 

    

 

		7.	Miscellaneous

 

(a)          Withholding
of Taxes. Grantees and holders of Awards shall pay to the Company or its Affiliate, or make provision satisfactory to the Administrator
for payment of, any taxes required to be withheld in respect of Awards under the Plan no later than the date of the event creating
the tax liability. The Company or its Affiliate may, to the extent permitted by law, deduct any such tax obligations from any payment
of any kind otherwise due to the grantee or holder of an Award. In the event that payment to the Company or its Affiliate of such
tax obligations is made in Common Shares, such shares shall be valued at Fair Market Value on the applicable date for such purposes
and shall not exceed in amount the minimum statutory tax withholding obligation.

 

(b)          Loans.
To the extent otherwise permitted by law, the Company or its Affiliate may make or guarantee loans to grantees to assist grantees
in exercising Awards and satisfying any withholding tax obligations.

 

(c)          Transferability.
Except as otherwise determined by the Administrator, and in any event in the case of an incentive stock option or a stock appreciation
right granted with respect to an incentive stock option, no Award granted under the Plan shall be transferable by a grantee otherwise
than by will or the laws of descent and distribution. Unless otherwise determined by the Administrator in accord with the provisions
of the immediately preceding sentence, an Award may be exercised during the lifetime of the grantee, only by the grantee or, during
the period the grantee is under a legal disability, by the grantee’s guardian or legal representative.

 

(d)          Adjustments
for Corporate Transactions and Other Events.

 

		(i)	Stock Dividend, Stock Split and Reverse Stock Split. In the event of a stock dividend of,
or stock split or reverse stock split affecting, the Common Shares, (A) the maximum number of shares of such Common Shares as to
which Awards may be granted under this Plan and the maximum number of shares with respect to which Awards may be granted during
any one fiscal year of the Company to any individual, as provided in Section 4 of the Plan, and (B) the number of shares
covered by and the exercise price and other terms of outstanding Awards, shall, without further action of the Board, be adjusted
to reflect such event. The Administrator may make adjustments, in its discretion, to address the treatment of fractional shares
and fractional cents that arise with respect to outstanding Awards as a result of the stock dividend, stock split or reverse stock
split.

 

		(ii)	Non-Change in Control Transactions. Except
with respect to the transactions set forth in Section 7(d)(i), in the event of any change affecting the Common Shares, the
Company or its capitalization, by reason of a spin-off, split-up, dividend, recapitalization, merger, consolidation or share exchange,
other than any such change that is part of a transaction resulting in a Change in Control of the Company, the Administrator, in
its discretion and without the consent of the holders of the Awards, may make (A) appropriate adjustments to the maximum number
and kind of shares reserved for issuance or with respect to which Awards may be granted under the Plan, in the aggregate and with
respect to any individual during any one fiscal year of the Company, as provided in Section 4 of the Plan; and (B) any
adjustments in outstanding Awards, including but not limited to modifying the number, kind and price of securities subject to Awards
as the Administrator determines to be appropriate and equitable.

 

    	 

    	 

    

 

		(iii)	Change in Control Transactions. In the event of any transaction resulting in a Change in
Control of the Company, outstanding stock options and other Awards that are payable in or convertible into Common Shares under
this Plan will terminate upon the effective time of such Change in Control unless provision is made in connection with the transaction
for the continuation or assumption of such Awards by, or for the substitution of the equivalent awards, as determined in the sole
discretion of the Administrator, of, the surviving or successor entity or a parent thereof. In the event of such termination, the
holders of stock options and other Awards under the Plan will be permitted, immediately before the Change in Control, to exercise
or convert all portions of such stock options or other Awards under the Plan that are then exercisable or convertible or which
become exercisable or convertible upon or prior to the effective time of the Change in Control.

 

		(iv)	Unusual or Nonrecurring Events. The Administrator is authorized to make, in its discretion
and without the consent of holders of Awards, adjustments in the terms and conditions of, and the criteria included in, Awards
in recognition of unusual or nonrecurring events affecting the Company, or the financial statements of the Company or any Affiliate,
or of changes in applicable laws, regulations, or accounting principles, whenever the Administrator determines that such adjustments
are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available
under the Plan. 

 

(e)          Substitution
of Awards in Mergers and Acquisitions. Awards may be granted under the Plan from time to time in substitution for awards held
by employees, officers, consultants or directors of entities who become or are about to become employees, officers, consultants
or directors of the Company or an Affiliate as the result of a merger or consolidation of the employing entity with the Company
or an Affiliate, or the acquisition by the Company or an Affiliate of the assets or stock of the employing entity. The terms and
conditions of any substitute Awards so granted may vary from the terms and conditions set forth herein to the extent that the Administrator
deems appropriate at the time of grant to conform the substitute Awards to the provisions of the awards for which they are substituted.

 

(f)          Other
Agreements. As a condition precedent to the grant of any Award under the Plan, the exercise pursuant to such an Award, or to
the delivery of certificates for shares issued pursuant to any Award, the Administrator may require the grantee or the grantee’s
successor or permitted transferee, as the case may be, to become a party to a stock restriction agreement, shareholders’
agreement, voting trust agreement or other agreements regarding the Common Shares of the Company in such form(s) as the Administrator
may determine from time to time.

 

(g)          Termination,
Amendment and Modification of the Plan. The Board may terminate, amend or modify the Plan or any portion thereof at any time.
Except as otherwise determined by the Board, termination of the Plan shall not affect the Administrator’s ability to exercise
the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

 

(h)          Non-Guarantee
of Employment or Service. Nothing in the Plan or in any Grant Agreement thereunder shall confer any right on an individual
to continue in the service of the Company or shall interfere in any way with the right of the Company to terminate such service
at any time with or without cause or notice and whether or not such termination results in (i) the failure of any Award to
vest; (ii) the forfeiture of any unvested or vested portion of any Award; and/or (iii) any other adverse effect on the
individual’s interests under the Plan.

 

(i)          Compliance
with Securities Laws; Listing and Registration. If at any time the Administrator determines that the delivery of Common Shares
under the Plan is or may be unlawful under the laws of any applicable jurisdiction, or Federal, state or foreign securities laws,
the right to exercise an Award or receive Common Shares pursuant to an Award shall be suspended until the Administrator determines
that such delivery is lawful. If at any time the Administrator determines that the delivery of Common Shares under the Plan is
or may violate the rules of the national exchange on which the shares are then listed for trade, the right to exercise an Award
or receive Common Shares pursuant to an Award shall be suspended until the Administrator determines that such delivery would not
violate such rules. The Company shall have no obligation to effect any registration or qualification of the Common Shares under
Federal, state or foreign laws.

 

    	 

    	 

    

 

The Company
may require that a grantee, as a condition to exercise of an Award, and as a condition to the delivery of any share certificate,
make such written representations (including representations to the effect that such person will not dispose of the Common Shares
so acquired in violation of Federal, state or foreign securities laws) and furnish such information as may, in the opinion of counsel
for the Company, be appropriate to permit the Company to issue the Common Shares in compliance with applicable Federal, state or
foreign securities laws. The stock certificates for any Common Shares issued pursuant to this Plan may bear a legend restricting
transferability of the Common Shares unless such shares are registered or an exemption from registration is available under the
Securities Act of 1933, as amended, and applicable state or foreign securities laws.

 

(j)          No
Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any
kind or a fiduciary relationship between the Company and a grantee or any other person. To the extent that any grantee or other
person acquires a right to receive payments from the Company pursuant to an Award, such right shall be no greater than the right
of any unsecured general creditor of the Company.

 

(k)          Governing
Law. The validity, construction and effect of the Plan, of Grant Agreements entered into pursuant to the Plan, and of any rules,
regulations, determinations or decisions made by the Administrator relating to the Plan or such Grant Agreements, and the rights
of any and all persons having or claiming to have any interest therein or thereunder, shall be determined exclusively in accordance
with applicable United States federal laws and the laws of the State of Delaware, without regard to its conflict of laws principles.
Any dispute arising from the interpretation, validity or performance of this Plan or any Grant Agreement or any of their terms
and provisions shall be submitted to the courts of the State of Delaware in the United States.

 

(l)          Section
409A. The Plan and all Awards granted hereunder are intended to comply with, or otherwise be exempt from, Code section 409A.
The Plan and all Awards granted under the Plan shall be administered, interpreted, and construed in a manner consistent with Code
section 409A to the extent necessary to avoid the imposition of additional taxes under Code section 409A(a)(1)(B). Should any provision
of the Plan, any Award Agreement, or any other agreement or arrangement contemplated by the Plan be found not to comply with, or
otherwise be exempt from, the provisions of Code section 409A, such provision shall be modified and given effect (retroactively
if necessary), in the sole discretion of the Administrator, and without the consent of the holder of the Award, in such manner
as the Administrator determines to be necessary or appropriate to comply with, or to effectuate an exemption from, Code section
409A. Notwithstanding anything in the Plan to the contrary, in no event shall the Administrator exercise its discretion to accelerate
the payment or settlement of an Award where such payment or settlement constitutes deferred compensation within the meaning of
Code section 409A unless, and solely to the extent that, such accelerated payment or settlement is permissible under Treasury Regulation
section 1.409A-3(j)(4) or any successor provision.

 

(m)          Effective
Date; Termination Date. The Plan is effective as of the date on which the Plan is adopted by the Board, subject to approval
of the stockholders within twelve months before or after such date. No Award shall be granted under the Plan after the close of
business on the day immediately preceding the tenth anniversary of the effective date of the Plan, or if earlier, the tenth anniversary
of the date this Plan is approved by the stockholders. Subject to other applicable provisions of the Plan, all Awards made under
the Plan prior to such termination of the Plan shall remain in effect until such Awards have been satisfied or terminated in accordance
with the Plan and the terms of such Awards.

 

PLAN APPROVAL

 

	Date Approved by the Board:	 	 

 

	Date Approved by the Stockholders:	 	 

 

    	 

    	 

    

 

APPENDIX A

PROVISIONS FOR CALIFORNIA RESIDENTS

 

With respect to Awards
granted to California residents prior to a public offering of capital stock of the Company that is effected pursuant to a registration
statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933, as amended,
and only to the extent required by applicable law, the following provisions shall apply notwithstanding anything in the Plan or
a Grant Agreement to the contrary:

 

1.           With
respect to any Award granted in the form of a stock option pursuant to Section 6(a) of the Plan:

 

(a)          The
exercise period shall be no more than 120 months from the date the option is granted.

 

(b)          The
options shall be non-transferable other than by will, by the laws of descent and distribution, or, if and to the extent permitted
under the Grant Agreement, to a revocable trust or as permitted by Rule 701 of the Securities Act of 1933, as amended (17 C.F.R. 230.701).

 

(c)          Unless
employment is terminated for “cause” as defined by applicable law, the terms of the Plan or Grant Agreement, or a contract
of employment, the right to exercise the option in the event of termination of employment, to the extent that the Award recipient
is entitled to exercise on the date employment terminates, will continue until the earlier of the option expiration date, or:

 

(1) At least 6 months from the
date of termination if termination was caused by death or disability.

 

(2) At least 30 days from the date
of termination if termination was caused by other than death or disability.

 

2.           With
respect to an Award, granted pursuant to Section 6(c) of the Plan, that provides the Award recipient the right to purchase
stock, the Award shall be non-transferable other than by will, by the laws of descent and distribution, or, if and to the extent
permitted under the Grant Agreement, to a revocable trust or as permitted by Rule 701 of the Securities Act of 1933, as amended
(17 C.F.R. 230.701).

 

3.           The
Plan shall have a termination date of not more than 10 years from the date the Plan is adopted by the Board or the date the Plan
is approved by the security holders, whichever is earlier.

 

4.           Security
holders representing a majority of the Company’s outstanding securities entitled to vote must approve the Plan by the later
of (a) 12 months after the date the Plan is adopted or (b) 12 months after the granting of any Award to a resident of California.
Any option exercised or any securities purchased before security holder approval is obtained must be rescinded if security holder
approval is not obtained within the period described in the preceding sentence. Such securities shall not be counted in determining
whether such approval is obtained.

 

5.           The
Company will provide financial statements to each Award recipient annually during the period such individual has Awards outstanding,
or as otherwise required under Section 260.140.46 of Title 10 of the California Code of Regulations. Notwithstanding the foregoing,
the Company will not be required to provide such financial statements to Award recipients when the Plan complies with all conditions
of Rule 701 of the Securities Act of 1933, as amended (17 C.F.R. 230.701); provided that for purposes of determining
such compliance, any registered domestic partner shall be considered a “family member” as that term is defined in Rule
701.

 

6.           The
Plan is intended to comply with Section 25102(o) of the California Corporations Code. Any provision of this Plan which is inconsistent
with Section 25102(o), including without limitation any provision of this Plan that is more restrictive than would be permitted
by Section 25102(o) as amended from time to time, shall, without further act or amendment by the Board, be reformed to comply with
the provisions of Section 25102(o). If at any time the Administrator determines that the delivery of Common Shares under the
Plan is or may be unlawful under the laws of any applicable jurisdiction, or federal or state securities laws, the right to exercise
an Award or receive shares of Common Shares pursuant to an Award shall be suspended until the Administrator determines that such
delivery is lawful. The Company shall have no obligation to effect any registration or qualification of the Common Shares under
federal or state laws.Exhibit 10.5

  

	 	Globant S.A.	Grant No.: _____
	 	Nonstatutory Stock Option Notice	 

 

This Notice evidences
the award of nonstatutory stock options (each, an “Option” or collectively, the “Options”)
that have been granted to you, [NAME], subject to and conditioned upon your agreement to the terms of the attached Nonstatutory
Stock Option Agreement (the “Agreement”). The Options entitle you to purchase common shares of the Company,
par value of $0.10 per share (“Common Shares”), of GLOBANT S.A., a société anonyme incorporated
under the laws of the Grand Duchy of Luxembourg, having its registered office at 5, rue Guillaume Kroll, L-1882 Luxembourg, registered
with the Luxembourg trade and companies register under number B 173 727 (the “Company”), under the GLOBANT
S.A. 2013 EQUITY INCENTIVE PLAN (the “Plan”). The number of shares you may purchase and the exercise
price at which you may purchase them are specified below. This Notice constitutes part of and is subject to the terms and provisions
of the Agreement and the Plan, which are incorporated by reference herein. You must return an executed copy of this Notice
to the Company within 30 days of the date hereof. If you fail to do so, the Options may be rendered null and void in the Company’s
discretion.

 

Grant Date: [GRANT DATE]

 

Number of Options: [NUMBER] Options,
each permitting the purchase of one Share

 

Exercise Price: [PRICE] per share

 

Expiration Date: The Options expire
at 5:00 p.m. Eastern Time on the last business day coincident with or prior to the
10th anniversary of the Grant Date (the “Expiration Date”), unless fully exercised or terminated earlier.

 

Exercisability Schedule: Subject
to the terms and conditions described in the Agreement, the Options become exercisable in accordance with the schedule below:

 

		·	25% of the Options become exercisable on each anniversary of the Grant Date through the fourth
anniversary of the Grant Date.

 

Acceleration Events: The extent
to which you may purchase shares under the Options may be accelerated in the following circumstances:

 

		·	[Immediately before and contingent upon a Change in Control (as defined in the Plan), 100% of the
Options that had not yet become exercisable will become exercisable.]

 

The extent to which the Options are exercisable
as of a particular date is rounded down to the nearest whole share. However, exercisability is rounded up to 100% on the fourth
anniversary of the Grant Date.

 

	 	GLOBANT S.A.
	 	 
	 	By:	
	 	 	 
	 	Date:	 

 

I acknowledge that I have carefully read
the attached Agreement and the Plan and agree to be bound by all of the provisions set forth in these documents.

 

	Enclosures:	Nonstatutory Stock Option Agreement	 	OPTIONEE
	 	2013 Equity Incentive Plan	 	 
	 	Exercise Form	 	 
	 	 	 	 
	 	 	 	Date:	 

 

 

    	 

    	 

    

  

Grant No.: _____

 

Nonstatutory
Stock Option Agreement

 

Under
the

 

Globant
S.A. 2013 Equity Incentive Plan

 

1.             Terminology.
Capitalized terms used in this Agreement are defined in the correlating Stock Option Notice and/or the Glossary at the end of the
Agreement or in the Plan.

 

2.             Exercise
of Options.

 

(a)          Exercisability.
The Options will become exercisable in accordance with the Exercisability Schedule set forth in the Stock Option Notice, so long
as you are in the Service of the Company from the Grant Date through the applicable exercisability dates. None of the Options will
become exercisable after your Service with the Company ceases.

 

(b)          Right
to Exercise. You may exercise the Options, to the extent exercisable, at any time on or before 5:00 p.m.
Eastern Time on the Expiration Date or the earlier termination of the Options, unless otherwise provided under applicable law.
Notwithstanding the foregoing, if at any time the Administrator determines that the delivery of Shares under the Plan or this Agreement
is or may be unlawful under the laws of any applicable jurisdiction, or Federal, state or foreign securities laws, the right to
exercise the Options or receive Shares pursuant to the Options shall be suspended until the Administrator determines that such
delivery is lawful. If at any time the Administrator determines that the delivery of Shares under the Plan or this Agreement is
or may violate the rules of the national securities exchange on which the shares are then listed for trade, the right to exercise
the Options or receive Shares pursuant to the Options shall be suspended until the Administrator determines that such exercise
or delivery would not violate such rules. Section 3 below describes certain limitations on exercise of the Options that apply
in the event of your death, Total and Permanent Disability, or termination of Service. The Options may be exercised only in multiples
of whole Shares and may not be exercised at any one time as to fewer than one hundred Shares (or such lesser number of Shares as
to which the Options are then exercisable). No fractional Shares will be issued under the Options.

 

(c)          Exercise
Procedure. In order to exercise the Options, you must provide the following items to the Administrator or its delegate before
the expiration or termination of the Options:

 

(i)          notice,
in such manner and form as the Administrator may require from time to time, specifying the number of Shares to be purchased under
the Options;

 

(ii)         full
payment of the Exercise Price for the Shares or properly executed, irrevocable instructions, in such manner and form as the Administrator
may require from time to time, to effectuate a broker-assisted cashless exercise, each in accordance with Section 2(d) of
this Agreement; and

 

(iii)        full
payment of applicable withholding taxes pursuant to Section 7 of this Agreement.

 

    	- 1 -

    	 

    

 

An exercise will not be effective until
the Administrator or its delegate receives all of the foregoing items, and such exercise otherwise is permitted under and complies
with all applicable federal, state and foreign securities laws. Notwithstanding the foregoing, if the Administrator permits payment
by means of delivering properly executed, irrevocable instructions, in such manner and form as the Administrator may require from
time to time, to effectuate a broker-assisted cashless exercise and such instructions provide for sale of Shares under a limit
order rather than at the market, the exercise will not be effective until the earlier of the date the Company receives delivery
of cash or cash equivalents in full payment of the Exercise Price or the date the Company receives confirmation from the broker
that the sale instruction has been fulfilled, and the exercise will not be effective unless the earlier of such dates occurs on
or before termination of the Options.

 

(d)          Method
of Payment. You may pay the Exercise Price by:

 

(i)          delivery
of cash, certified or cashier’s check, money order or other cash equivalent acceptable to the Administrator in its discretion;

 

(ii)         a
broker-assisted cashless exercise in accordance with Regulation T of the Board of Governors of the Federal Reserve System
through a brokerage firm designated or approved by the Administrator;

 

(iii)        any
other method approved by the Administrator; or

 

(iv)        any
combination of the foregoing.

 

(e)          Issuance
of Shares upon Exercise. The Company shall issue to you the Shares underlying the Options you exercise as soon as practicable
after the exercise date, subject to the Company’s receipt of the aggregate exercise price and the requisite withholding taxes,
if any. Upon issuance of such Shares, the Company may deliver, subject to the provisions of Section 7 below, such Shares on your
behalf electronically to the Company’s designated stock plan administrator or such other broker-dealer as the Company may
choose at its sole discretion, within reason, or may retain such Shares in uncertificated book-entry form. Any share certificates
delivered will, unless the Shares are registered or an exemption from registration is available under applicable federal and state
law, bear a legend restricting transferability of such Shares.

 

(f)          Agreement
to Execute Other Agreements. You agree to execute, as a condition precedent to the exercise of the Options and at any time
thereafter as may reasonably be requested by the Administrator, a stock restriction agreement substantially in the form, and containing
the terms and provisions, of the stock restriction agreement provided by the Company, with respect to any shares you acquire pursuant
to this Agreement; provided, however, that execution of the stock restriction agreement will not be required upon
any exercise that occurs after the closing of the first public offering of capital stock of the Company that is effected pursuant
to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities
Act of 1933 or, if later, the expiration of any market stand-off agreement that applies to other stockholders of the Company respecting
such public offering of capital stock.

 

3.             Termination
of Service.

 

(a)          Termination
of Unexercisable Options. If your Service with the Company ceases for any reason, the Options that are then unexercisable will
terminate immediately upon such cessation.

 

(b)          Exercise
Period Following Termination of Service. If your Service with the Company ceases for any reason other than discharge for Cause,
the Options that are then exercisable will terminate upon the earliest of:

 

    	- 2 -

    	 

    

 

(i)          the
expiration of 90 days following such cessation, if your Service ceases on account of (1) your termination by the Company other
than a discharge for Cause, or (2) your voluntary termination other than for Total and Permanent Disability or death;

 

(ii)         the
expiration of 12 months following such cessation, if your Service ceases on account of your Total and Permanent Disability or death;

 

(iii)        the
expiration of 12 months following your death, if your death occurs during the periods described in clauses (i) or (ii) of this
Section 3(b), as applicable; or

 

(iv)        the
Expiration Date.

 

In the event of your death, the exercisable
Options may be exercised by your executor, personal representative, or the person(s) to whom the Options are transferred by will
or the laws of descent and distribution.

 

(c)          Misconduct.
The Options will terminate in their entirety, regardless of whether the Options are then exercisable, immediately upon your discharge
from Service for Cause, or upon your commission of any of the following acts during the exercise period following your termination
of Service: (i) fraud on or misappropriation of any funds or property of the Company, or (ii) your breach of any provision
of any employment, non-disclosure, non-competition, non-solicitation, assignment of inventions, or other similar agreement executed
by you for the benefit of the Company, as determined by the Administrator, which determination will be conclusive.

 

(d)          Change
in Status. In the event that your Service is with a business, trade or entity that, after the Grant Date, ceases for any reason
to be part or an Affiliate of the Company, your Service will be deemed to have terminated for purposes of this Section 3 upon
such cessation if your Service does not continue uninterrupted immediately thereafter with the Company or an Affiliate of the Company.

 

4.             Market
Stand-Off Agreement. You agree that following the effective date of a registration statement of the Company filed
under the Securities Act of 1933, you, for the duration specified by and to the extent requested by the Company and an underwriter
of Common Shares or other securities of the Company, shall not offer, sell, contract to sell, pledge or otherwise dispose of, directly
or indirectly, any equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such
securities, enter into a transaction which would have the same effect, or enter into any swap, hedge or other arrangement that
transfers, in whole or in part, any of the economic consequences of ownership of such securities, whether any such aforementioned
transaction is to be settled by delivery of such securities or other securities, in cash or otherwise, or publicly disclose the
intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement,
in each case during the seven days prior to and the 180 days after the effectiveness of any underwritten offering of the Company’s
equity securities (or such longer or shorter period as may be requested in writing by the managing underwriter and agreed to in
writing by the Company) (the “Market Stand-Off Period”), except as part of such underwritten registration
if otherwise permitted. In addition, you agree to execute any further letters, agreements and/or other documents requested by the
Company or its underwriters that are consistent with the terms of this Section 4. The Company may impose stop-transfer instructions
with respect to securities subject to the foregoing restrictions until the end of such Market Stand-Off Period.

 

5.             Nontransferability
of Options. These Options and, before exercise, the underlying Shares are nontransferable otherwise than by will or the laws
of descent and distribution and, during your lifetime, the Options may be exercised only by you or, during the period you are under
a legal disability, by your guardian or legal representative. Except as provided above, the Options and, before exercise, the underlying
Shares may not be assigned, transferred, pledged, hypothecated, subjected to any “put equivalent position,” “call
equivalent position” (as each preceding term is defined by Rule 16(a)-1 under the Securities Exchange Act of 1934), or short
position, or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment
or similar process.

 

    	- 3 -

    	 

    

 

6.           Nonqualified
Nature of the Options. The Options are not intended to qualify as incentive stock options within the meaning of Code
section 422, and this Agreement shall be so construed. You hereby acknowledge that, upon exercise of the Options, you will
recognize compensation income in an amount equal to the excess of the then Fair Market Value of the Shares over the Exercise Price
and must comply with the provisions of Section 7 of this Agreement with respect to any tax withholding obligations that arise
as a result of such exercise.

 

7.           Withholding
of Taxes.

 

(a)          At
the time the Options are exercised, in whole or in part, or at any time thereafter as requested by the Company, you hereby authorize
withholding from payroll or any other payment of any kind due to you and otherwise agree to make adequate provision for foreign,
federal, state and local taxes required by law to be withheld, if any, which arise in connection with the Options. The Company
may require you to make a cash payment to cover any withholding tax obligation as a condition of exercise of the Options or issuance
of share certificates representing Shares.

 

(b)          The
Administrator may, in its sole discretion, permit you to satisfy, in whole or in part, any withholding tax obligation which may
arise in connection with the Options either by electing to have the Company withhold from the Shares to be issued upon exercise
that number of Shares, or by electing to deliver to the Company already-owned shares, in either case having a Fair Market Value
not in excess of the amount necessary to satisfy the statutory minimum withholding amount due.

 

8.          Adjustments.
The Administrator may make various adjustments to your Options, including adjustments to the number and type of securities subject
to the Options and the Exercise Price, in accordance with the terms of the Plan. In the event of any transaction resulting in a
Change in Control (as defined in the Plan) of the Company, the outstanding Options will terminate upon the effective time of such
Change in Control unless provision is made in connection with the transaction for the continuation or assumption of such Options
by, or for the substitution of the equivalent awards of, the surviving or successor entity or a parent thereof. In the event of
such termination, you will be permitted, immediately before the Change in Control, to exercise or convert all portions of such
Options that are then exercisable or which become exercisable upon or prior to the effective time of the Change in Control.

 

9.          Non-Guarantee
of Employment or Service Relationship. Nothing in the Plan or this Agreement will alter your at-will or other employment status
or other service relationship with the Company or any of its Affiliates, nor be construed as a contract of employment or service
relationship between you and the Company or any of its Affiliates, or as a contractual right for you to continue in the employ
of, or in a service relationship with, the Company or any of its Affiliates for any period of time, or as a limitation of the right
of the Company or any of its Affiliates to discharge you at any time with or without Cause or notice and whether or not such discharge
results in the failure of any of the Options to become exercisable or any other adverse effect on your interests under the Plan.

 

10.         No
Rights as a Stockholder. You shall not have any of the rights of a stockholder with respect to the Shares until such Shares
have been issued to you upon the due exercise of the Options. No adjustment will be made for dividends or distributions or other
rights for which the record date is prior to the date such Shares are issued.

 

    	- 4 -

    	 

    

 

11.         The
Company’s Rights. The existence of the Options shall not affect in any way the right or power of the Company or its stockholders
to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's capital structure
or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or other stocks with
preference ahead of or convertible into, or otherwise affecting the Common Shares or the rights thereof, or the dissolution or
liquidation of the Company, or any sale or transfer of all or any part of the Company's assets or business, or any other corporate
act or proceeding, whether of a similar character or otherwise.

 

12.         Entire
Agreement. This Agreement, together with the correlating Stock Option Notice and the Plan, contain the entire agreement between
you and the Company with respect to the Options. Any oral or written agreements, representations, warranties, written inducements,
or other communications made prior to the execution of this Agreement with respect to the Options shall be void and ineffective
for all purposes.

 

13.         Amendment.
This Agreement may be amended from time to time by the Administrator in its discretion; provided, however, that this
Agreement may not be modified in a manner that would have a materially adverse effect on the Options or Shares as determined in
the discretion of the Administrator, except as provided in the Plan or in a written document signed by you and the Company.

 

14.         Conformity
with Plan. This Agreement is intended to conform in all respects with, and is subject to all applicable provisions of, the
Plan. Any conflict between the terms of this Agreement and the Plan shall be resolved in accordance with the terms of the Plan.
In the event of any ambiguity in this Agreement or any matters as to which this Agreement is silent, the Plan shall govern. A copy
of the Plan is provided to you with this Agreement.

 

15.         Section
409A. This Agreement and the Options granted hereunder are intended to comply with, or otherwise be exempt from, Section 409A
of the Code. This Agreement and the Options shall be administered, interpreted and construed in a
manner consistent with this intent. Nothing in the Plan or this Agreement shall be construed as including any feature for
the deferral of compensation other than the deferral of recognition of income until the exercise of the Options. Should any provision
of the Plan or this Agreement be found not to comply with, or otherwise be exempt from, the provisions of Section 409A of the Code,
it may be modified and given effect, in the sole discretion of the Administrator and without requiring your consent, in such manner
as the Administrator determines to be necessary or appropriate to comply with, or to effectuate an exemption from, Section 409A
of the Code. The foregoing, however, shall not be construed as a guarantee or warranty by the Company of any particular tax effect
to you.

 

16.         Electronic
Delivery of Documents. By your signing the Notice, you (i) consent to the electronic delivery of this Agreement, all information
with respect to the Plan and the Options, and any reports of the Company provided generally to the Company’s stockholders;
(ii) acknowledge that you may receive from the Company a paper copy of any documents delivered electronically at no cost to
you by contacting the Company by telephone or in writing; (iii) further acknowledge that you may revoke your consent to the electronic
delivery of documents at any time by notifying the Company of such revoked consent by telephone, postal service or electronic mail;
and (iv) further acknowledge that you understand that you are not required to consent to electronic delivery of documents.

 

    	- 5 -

    	 

    

 

17.         No
Future Entitlement. By execution of the Notice, you acknowledge and agree that: (i) the grant of these Options is a one-time
benefit which does not create any contractual or other right to receive future grants of stock options, or compensation in lieu
of stock options, even if stock options have been granted repeatedly in the past; (ii) all determinations with respect to any such
future grants, including, but not limited to, the times when stock options shall be granted or shall become exercisable, the maximum
number of shares subject to each stock option, and the purchase price, will be at the sole discretion of the Administrator; (iii)
the value of these Options is an extraordinary item of compensation which is outside the scope of your employment contract, if
any; (iv) the value of these Options is not part of normal or expected compensation or salary for any purpose, including, but not
limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses,
long-service awards, pension or retirement benefits; (v) the vesting of these Options ceases upon termination of employment with
the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise
be explicitly provided in this Agreement; (vi) if the underlying Common Shares do not increase in value, these Options will have
no value, nor does the Company guarantee any future value; and (vii) no claim or entitlement to compensation or damages arises
if these Options do not increase in value and you irrevocably release the Company from any such claim that does arise.

 

18.         Personal
Data. For the purpose of implementing, administering and managing these Options, you, by execution of the Notice, consent to
the collection, receipt, use, retention and transfer, in electronic or other form, of your personal data by and among the Company,
its Affiliates and its third party vendors or any potential party to any Change in Control transaction or capital raising transaction
involving the Company. You understand that personal data (including but not limited to, name, home address, telephone number, employee
number, employment status, social security number, tax identification number, date of birth, nationality, job and payroll location,
data for tax withholding purposes and shares awarded, cancelled, exercised, vested and unvested) may be transferred to third parties
assisting in the implementation, administration and management of these Options and the Plan and you expressly authorize such transfer
as well as the retention, use, and the subsequent transfer of the data by the recipient(s). You understand that these recipients
may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections
than your country. You understand that data will be held only as long as is necessary to implement, administer and manage these
Options. You understand that you may, at any time, request a list with the names and addresses of any potential recipients of the
personal data, view data, request additional information about the storage and processing of data, require any necessary amendments
to data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Administrator or its
delegate. You understand, however, that refusing or withdrawing your consent may affect your ability to accept a stock option.

 

19.         Governing
Law. The validity, construction and effect of this Agreement, and of any determinations or decisions made by the Administrator
relating to this Agreement, and the rights of any and all persons having or claiming to have any interest under this Agreement,
shall be determined exclusively in accordance with the laws of the State of Delaware, without regard to its provisions concerning
the applicability of laws of other jurisdictions. Any dispute arising from the interpretation, validity or performance of the Plan
or any Grant Agreement or any of their terms and provisions shall be submitted to the courts of the State of Delaware in the United
States.

 

20.         Resolution
of Disputes. Any dispute or disagreement which shall arise under, or as a result of, or pursuant to or relating to, this Agreement
shall be determined by the Administrator in good faith in its absolute and uncontrolled discretion, and any such determination
or any other determination by the Administrator under or pursuant to this Agreement and any interpretation by the Administrator
of the terms of this Agreement, will be final, binding and conclusive on all persons affected thereby. You agree that before you
may bring any legal action arising under, as a result of, pursuant to or relating to, this Agreement you will first exhaust your
administrative remedies before the Administrator. You further agree that in the event that the Administrator does not resolve any
dispute or disagreement arising under, as a result of, pursuant to or relating to, this Agreement to your satisfaction, no legal
action may be commenced or maintained relating to this Agreement more than twenty-four (24) months after the Administrator’s
decision.

 

21.         Headings.
The headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

 

 

    	- 6 -

    	 

    

 

{Glossary begins on next page}

 

    	- 7 -

    	 

    

 

GLOSSARY

 

(a)          “Administrator”
means the Board or the committee(s) or officer(s) appointed by the Board that have authority to administer the Plan.

 

(b)          “Affiliate”
means any entity, whether now or hereafter existing, which controls, is controlled by, or is under common control with, Globant
S.A. For this purpose, “control” means ownership of 50% or more of the total combined voting power or value of all
classes of stock or interests of the entity.

 

(c)          “Cause”
has the meaning ascribed to such term or words of similar import in your written employment or service contract with the Company
as in effect at the time at issue and, in the absence of such agreement or definition, means your (i) conviction of, or plea
of nolo contendere to, a felony or crime involving moral turpitude; (ii) fraud on or misappropriation of any funds
or property of the Company, any affiliate, customer or vendor; (iii) personal dishonesty, incompetence, willful misconduct,
willful violation of any law, rule or regulation (other than minor traffic violations or similar offenses) or breach of fiduciary
duty which involves personal profit; (iv) willful misconduct in connection with your duties or willful failure to perform
your responsibilities in the best interests of the Company; (v) illegal use or distribution of drugs; (vi) violation
of any Company rule, regulation, procedure or policy; or (vii) breach of any provision of any employment, non-disclosure,
non-competition, non-solicitation or other similar agreement executed by you for the benefit of the Company, all as determined
by the Administrator, which determination will be conclusive.

 

(d)          “Code”
means the Internal Revenue Code of 1986, as amended.

 

(e)          “Company”
includes Globant S.A. and its Affiliates, except where the context otherwise requires. For purposes of determining whether a Change
in Control has occurred, Company shall mean only Globant S.A.

 

(f)          “Service”
means your employment or other service relationship with the Company and its Affiliates. Your Service will be considered to have
ceased with the Company and its Affiliates if, immediately after a sale, merger or other corporate transaction, the trade, business
or entity with which you are employed or otherwise have a service relationship is not the Company or its successor or an Affiliate
of the Company or its successor.

 

(g)          “Shares”
mean the Common Shares underlying the Options.

 

(h)          “Stock
Option Notice” means the written notice evidencing the award of the Options that correlates with and makes up a part
of this Agreement.

 

(i)          “Total
and Permanent Disability” means the inability to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last
for a continuous period of not less than twelve months. The Administrator may require such proof of Total and Permanent Disability
as the Administrator in its sole discretion deems appropriate and the Administrator’s good faith determination as to whether
you are totally and permanently disabled will be final and binding on all parties concerned.

 

(j)          “You”;
“Your”. “You” or “your” means the recipient of the award of Options as reflected
on the Stock Option Notice. Whenever the Agreement refers to “you” under circumstances where the provision should logically
be construed, as determined by the Administrator, to apply to your estate, personal representative, or beneficiary to whom the
Options may be transferred by will or by the laws of descent and distribution, the word “you” shall be deemed to include
such person.

 

    	- 8 -

    	 

    

 

EXERCISE FORM

 

Administrator of 2013 Equity Incentive
Plan

c/o Globant S.A.

 

Gentlemen:

 

I hereby exercise the
Options granted to me on ____________________, ____, by Globant S.A. (the “Company”), subject to all the terms and
provisions of the applicable grant agreement and of the Globant S.A. 2013 Equity Incentive Plan (the “Plan”), and notify
you of my desire to subscribe (purchase) ____________ Common Shares of the Company at a price of $___________ per share pursuant
to the exercise of said Options.

 

Total Amount Enclosed: $__________

 

	Date:____________________________	 	 	 
	 	 	(Optionee)	 
	 	 	 	 
	 	 	Received by Globant S.A. on	 
	 	 	 	 
	 	 	___________________________, ____	 
	 	 	 	 
	 	 	By:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00231-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00231-of-00352.parquet"}]]