Document:

Restricted Stock Award Agreement, dated November 6, 2008

 Exhibit 10.1 
 PEPLIN, INC. 
 2007 INCENTIVE AWARD PLAN 
 RESTRICTED STOCK AWARD GRANT NOTICE 
 Peplin, Inc., a Delaware corporation (the
“Company”), pursuant to its 2007 Incentive Award Plan (the “Plan”), hereby grants to the holder listed below (“Holder”) the number of shares of the Company’s common stock,
par value USD 0.001 per share (“Stock”), set forth below (the “Shares”). This Restricted Stock award is subject to all of the terms and conditions set forth herein and in the Restricted Stock
Award Agreement attached hereto as Exhibit A (the “Restricted Stock Agreement”) and the Plan, each of which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall
have the same defined meanings in this Restricted Stock Award Grant Notice (the “Grant Notice”). 
  

					
	 Holder:
	  	Thomas Wiggins
		  		  	 
		
	 Grant Date:
	  	November 6, 2008
		  		  	 
		
	 Total Number of
 Shares of Restricted Stock:
	  	225,000
		  		  	 

					
		
	 Vesting Schedule:
	  	As of the Grant Date, 100% of the Shares will be subject to the Forfeiture Restriction (as defined in the Restricted Stock Agreement). Subject to the terms and conditions of the
Plan, this Grant Notice and the Restricted Stock Agreement, the Shares shall be released from the Forfeiture Restriction (as defined in the Restricted Stock Agreement) as indicated on Exhibit B to this Grant Notice.

 By his or her signature below, Holder agrees to be bound by the terms and conditions of the Plan,
the Restricted Stock Agreement and this Grant Notice. Holder has reviewed the Plan, the Restricted Stock Agreement and this Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice
and fully understands all provisions of the Plan, the Restricted Stock Agreement and this Grant Notice. Holder hereby agrees to accept as binding, conclusive and final all decisions and interpretations of the Administrator upon any questions arising
under or relating to the Plan, the Restricted Stock Agreement or this Grant Notice. If Holder is married, his or her spouse has signed the Consent of Spouse attached to this Grant Notice as Exhibit C. 
  

							
	 PEPLIN, INC.:
	    	HOLDER:
				
	 By:
	  	/s/ David Smith	    	By:	  	/s/ Thomas Wiggans
		  	 	    		  	 
	 Print Name:
	  	David Smith	    	Print Name:	  	Thomas Wiggans
		  	 	    		  	 
	 Title:
	  	Chief Financial Officer	    		  	
		  	 	    		  	
	 Address:
	  	6475 Christie Avenue, Ste. 300	    	Address:	  	1 Patricia Drive
		  	 	    		  	 
		  	Emeryville, CA 94608	    		  	Atherton, CA 94027
		  	 	    		  	 

  

	Attachments:	Restricted Stock Award Agreement (Exhibit A) 

 Vesting Provisions (Exhibit B) 
 Consent of Spouse (Exhibit C) 
 Stock Assignment (Exhibit D) 
 Joint
Escrow Instructions (Exhibit E) 
 Form of Internal Revenue Code Section 83(b) Election and Instructions (Exhibit F)

 - Election under Internal Revenue Code Section 83(b) (Attachment 1 to Exhibit F) 

- Sample Cover Letter to Internal Revenue Service (Attachment 2 to Exhibit F) 
 Peplin, Inc. 2007 Incentive Award Plan (Exhibit G) 
 Peplin, Inc. 2007 Incentive Award Plan Prospectus (Exhibit H) 
  

 -2- 

 EXHIBIT A 
 TO RESTRICTED STOCK AWARD GRANT NOTICE 
 RESTRICTED STOCK AWARD AGREEMENT 
 Pursuant to the Restricted Stock Award Grant Notice (the “Grant Notice”) to which this Restricted Stock Award Agreement (this
“Agreement”) is attached, Peplin, Inc., a Delaware corporation (the “Company”), has granted to Holder the number of shares of the Company’s common stock, par value USD 0.001 per share
(“Stock”), specified in the Grant Notice (the “Shares”), upon the terms and conditions set forth in the Peplin, Inc. 2007 Incentive Award Plan (the “Plan”), the Grant Notice and
this Agreement. 
 ARTICLE I 
 GENERAL 
 1.1 Defined Terms. Wherever the following terms are used in this Agreement they shall have the meanings
specified below, unless the context clearly indicates otherwise. Capitalized terms not specifically defined herein shall have the meanings specified in the Grant Notice or, if not defined therein, the Plan. 
 “Termination of Service” shall mean (i) Holder’s Termination of Employment on or before November 30, 2009 or
(ii) Holder’s Termination of Employment and cessation of service as Chairman of the Company’s Board of Directors occurring on or after October 1, 2009. 
 1.2 Incorporation of Terms of Plan. The Shares are subject to the terms and conditions of the Plan, which are incorporated herein by reference.

 ARTICLE II 
 GRANT OF
RESTRICTED STOCK 
 2.1 Grant of Restricted Stock. In consideration of Holder’s agreement to remain in the service or employ
of the Company or a Subsidiary and for other good and valuable consideration which the Committee has determined exceeds the aggregate par value of the Shares, effective as of the “Grant Date” set forth in the Grant Notice (the
“Grant Date”), the Company hereby agrees to issue to Holder the Shares, upon the terms and conditions set forth in the Plan, the Grant Notice and this Agreement. 
 2.2 Issuance of Shares. Subject to Section 2.3, the issuance of the Shares under this Agreement shall occur at the principal office of the
Company, simultaneously with the execution of the Grant Notice by the parties or on such other date as the Company and Holder shall agree. Subject to the provisions of Article IV, the Company shall issue the Shares (which shall be issued in
Holder’s name). 
 2.3 Conditions to Issuance of Shares. The Shares, or any portion thereof, may be either previously authorized
but unissued shares or issued shares which have then been reacquired by the Company. Such Shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any Shares prior to fulfillment of all of the following
conditions: 
 (a) The admission of such Shares to listing on all stock exchanges on which the Stock is then listed; 

 (b) The completion of any registration or other qualification of such Shares under any federal, state or
foreign law or under regulations or rules promulgated by the Securities and Exchange Commission or any other governmental regulatory body, which the Administrator, in its discretion, deems necessary or advisable 
 (c) The obtaining of any approval or other clearance from any federal, state or foreign governmental agency which the Administrator shall, in its
discretion, determine to be necessary or advisable; 
 (d) The receipt by the Company of full payment for all amounts which, under federal,
state, local or foreign tax law, the Company (or other employer corporation) is required to withhold upon issuance of such Shares; and 
 (e)
The lapse of such reasonable period of time following the satisfaction of all other conditions to issuance as the Administrator may from time to time establish for reasons of administrative convenience. 
 2.4 Rights as Stockholder. Except as otherwise provided herein, upon delivery of the Shares to the escrow agent pursuant to Article IV, Holder
shall have all the rights of a stockholder with respect to said Shares, subject to the restrictions herein, including the right to vote the Shares and to receive all dividends or other distributions paid or made with respect to the Shares;
provided, however, that any and all extraordinary cash dividends paid on such Shares and any and all shares of Stock, capital stock or other securities or property received by or distributed to Holder with respect to the Shares as a result of
any stock dividend, stock split, reverse stock split, recapitalization, combination, reclassification or similar change in the capital structure of the Company shall also be subject to the Forfeiture Restriction (as defined in Section 3.1) and
the restrictions on transfer in Section 3.4 until such restrictions on the underlying Shares lapse or are removed pursuant to this Agreement (or, if such Shares are no longer outstanding, until such time as such Shares would have been released
from the Forfeiture Restriction pursuant to this Agreement). In addition, in the event of any merger, consolidation, share exchange or reorganization affecting the Shares, then any new, substituted or additional securities or other property
(including money paid other than as a regular cash dividend) that is by reason of any such transaction received with respect to, in exchange for or in substitution of the Shares shall also be subject to the Forfeiture Restriction and the
restrictions on transfer in Section 3.4 until such restrictions on the underlying Shares lapse or are removed pursuant to this Agreement (or, if such Shares are no longer outstanding, until such time as such Shares would have been released from
the Forfeiture Restriction pursuant to this Agreement). Any such assets or other securities received by or distributed to Holder with respect to, in exchange for or in substitution of any Unreleased Shares (as defined in Section 3.3) shall be
immediately delivered to the Company to be held in escrow pursuant to Article IV. 
 ARTICLE III 
 RESTRICTIONS ON SHARES 
 3.1
Forfeiture Restriction. Subject to the provisions of Section 3.2, upon Holder’s Termination of Service for any or no reason, all of the Unreleased Shares (as defined in Section 3.3) shall thereupon be forfeited immediately and
without any further action by the Company (the “Forfeiture Restriction”). Upon the occurrence of such a forfeiture, the Company shall become the legal and beneficial owner of the Shares being forfeited and all rights and
interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Shares being forfeited by Holder. If any of the Unreleased Shares are forfeited under this Section 3.1, any cash,
cash equivalents, assets or securities received by or distributed to Holder with respect to, in exchange for or in substitution of such Shares and held by the escrow agent pursuant to Section 4.1 and the Joint Escrow Instructions shall be
promptly transferred by the escrow agent to the Company. 
  

 A-2 

 3.2 Release of Shares from Forfeiture Restriction. The Shares shall be released from the
Forfeiture Restriction upon the earlier of (a) the date indicated in the Grant Notice; provided, however, that in no event shall the Forfeiture Restriction lapse as to any additional Shares following Holder’s Termination of Service.
Any of the Shares released from the Forfeiture Restriction shall thereupon be released from the restrictions on transfer under Section 3.4. In the event all of the Shares are released from the Forfeiture Restriction, any cash, cash equivalents,
assets or securities received by or distributed to Holder with respect to, in exchange for or in substitution of such Shares and held by the escrow agent pursuant to Section 4.1 and the Joint Escrow Instructions shall be promptly transferred by
the escrow agent to Holder. 
 3.3 Unreleased Shares. Any of the Shares which, from time to time, have not yet been released from the
Forfeiture Restriction are referred to herein as “Unreleased Shares.” 
 3.4 Restrictions on
Transfer. Unless otherwise permitted by the Administrator pursuant to the Plan, no Unreleased Shares or any dividends or other distributions thereon or any interest or right therein or part thereof, shall be liable for the debts, contracts or
engagements of Holder or Holder’s successors in interest or shall be subject to sale or other disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means, whether such sale or other disposition be
voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted sale or other disposition thereof shall be null and void and of no
effect. 
 ARTICLE IV 
 ESCROW OF SHARES 
 4.1 Escrow of Shares. To insure the availability of the Unreleased Shares for delivery in the
event of forfeiture of such Shares by Holder pursuant to Section 3.1, Holder hereby appoints the Secretary of the Company, or any other person designated by the Administrator as escrow agent, as Holder’s attorney-in-fact to assign and
transfer unto the Company, such Unreleased Shares, if any, forfeited by Holder pursuant to Section 3.1 and any cash, cash equivalents, assets or securities received by or distributed to Holder with respect to, in exchange for or in substitution
of such Unreleased Shares, and shall, upon execution of this Agreement, deliver and deposit with the Secretary of the Company, or such other person designated by the Administrator, any share certificates representing the Unreleased Shares, together
with the Stock Assignment duly endorsed in blank, attached as Exhibit D to the Grant Notice. The Unreleased Shares and stock assignment shall be held by the Secretary of the Company, or such other person designated by the Administrator, in
escrow, pursuant to the Joint Escrow Instructions of the Company and Holder attached as Exhibit E to the Grant Notice, until the Unreleased Shares are forfeited by Holder as provided in Section 3.1, until such Unreleased Shares are
released from the Forfeiture Restriction, or until such time as this Agreement no longer is in effect. Upon release of the Unreleased Shares from the Forfeiture Restriction, the escrow agent shall deliver to Holder the certificate or certificates
representing such Shares in the escrow agent’s possession belonging to Holder in accordance with the terms of the Joint Escrow Instructions attached as Exhibit E to the Grant Notice, and the escrow agent shall be discharged of all
further obligations hereunder; provided, however, that the escrow agent shall nevertheless retain such certificate or certificates as escrow agent if so required pursuant to other restrictions imposed pursuant to this Agreement. If the Shares
are held in book entry form, then such entry will reflect that the Shares are subject to the restrictions of this Agreement. If any cash, cash equivalents, assets or securities are paid, received by or distributed to Holder with respect to, in
exchange 

  

 A-3 

 
for or in substitution of the Unreleased Shares and held by the escrow agent pursuant to Section 4.1 and the Joint Escrow Instructions, such cash, cash
equivalents, assets or securities shall also be subject to the restrictions set forth in this Agreement and held in escrow pending release of the Unreleased Shares with respect to which such cash, cash equivalents, assets or securities were paid,
received or distributed from the Forfeiture Restriction. 
 4.2 Transfer of Forfeited Shares. Holder hereby authorizes and directs the
Secretary of the Company, or such other person designated by the Administrator, to transfer to the Company the Unreleased Shares forfeited by Holder, and any cash, cash equivalents, assets or securities received by or distributed to Holder with
respect to, in exchange for or in substitution of such Unreleased Shares. 
 4.3 No Liability for Actions in Connection with Escrow.
The Company, or its designee, shall not be liable for any act it may do or omit to do with respect to holding the Shares in escrow while acting in good faith and in the exercise of its judgment. 
 ARTICLE V 
 OTHER PROVISIONS 

 5.1 Administration. The Administrator shall have the power to (a) interpret the Plan and this Agreement, (b) adopt such
rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules and (c) amend this Agreement, subject to Section 5.8. All actions taken and all
interpretations and determinations made by the Administrator in good faith shall be binding, conclusive and final upon Holder, the Company and all other interested persons. No member of the Administrator shall be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan, this Agreement or the Shares. In its discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Administrator under the Plan,
except with respect to matters which under Rule 16b-3 or Section 162(m) of the Code, or any regulations or rules issued thereunder, are required to be determined in the discretion of the Administrator 
 5.2 Restrictive Legends and Stop-Transfer Orders. 
 (a) Any share certificate(s) evidencing the Shares shall be endorsed with the following legend and any other legend(s) that may be required by any applicable federal, state or foreign securities laws: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO FORFEITURE IN FAVOR OF THE COMPANY AND MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF A
RESTRICTED STOCK AWARD AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 
 (b) Holder agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its
own securities, it may make appropriate notations to the same effect in its own records. 
 (c) The Company shall not be required:
(i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement, 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. 
  

 A-4 

 5.3 Adjustments. The Administrator may adjust the Unreleased Shares in accordance with the
provisions of Section 11.3 of the Plan. 
 5.4 Notices. Any notice to be given under the terms of this Agreement to the Company
shall be addressed to the Company in care of the Secretary of the Company at the address given beneath the signature of the Company’s authorized officer on the Grant Notice, and any notice to be given to Holder shall be addressed to Holder at
the address given beneath Holder’s signature on the Grant Notice or at the last known address for Holder contained in the Company’s records. By a notice given pursuant to this Section 5.4, either party may thereafter designate a
different address for notices to be given to that party. Any notice shall be deemed duly given when sent via email or enclosed in a properly sealed envelope or wrapper addressed as aforesaid, deposited (with postage prepaid) in a post office or
branch post office regularly maintained by the United States Postal Service. 
 5.5 Titles. Titles are provided herein for convenience
only and are not to serve as a basis for interpretation or construction of this Agreement. 
 5.6 Governing Law; Severability. This
Agreement shall be administered, interpreted and enforced under the laws of the State of Delaware, without regard to the conflicts of laws principles thereof. Should any provision of this Agreement be determined by a court of law to be illegal or
unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 
 5.7 Conformity to Securities
Laws. Holder acknowledges that the Plan is intended to conform to the extent necessary with all applicable federal, state and foreign securities laws (including the Securities Act and the Exchange Act) and any and all regulations and rules
promulgated thereunder by the Securities and Exchange Commission or any other governmental regulatory body. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Shares are to be issued, only in such a manner as to
conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 
 5.8 Amendments. This Agreement may not be modified, amended or terminated, except by an instrument in writing, signed by a duly authorized
representative of the Company and, to the extent any such modification, amendment or termination may adversely affect Holder’s rights under this Agreement, by Holder, except as otherwise provided under the terms of the Plan. 
 5.9 Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement
shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon Holder and Holder’s heirs, executors, administrators, successors and
assigns. 
 5.10 No Employment Rights. Nothing in the Plan or this Agreement shall confer upon Holder any right to continue in the
employ or service of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Holder at any
time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and Holder. 
 5.11 Taxes. Holder has reviewed with Holder’s own tax advisors the federal, state, local and foreign tax consequences of this investment and
the transactions contemplated by the Grant Notice and this Agreement. Holder is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. Holder understands that Holder (and not the Company)
shall be responsible for Holder’s own tax liability that may arise as a result of this investment or the transactions 

  

 A-5 

 
contemplated by this Agreement. Holder understands that Holder will recognize ordinary income for federal income tax purposes under Section 83 of the
Code as the restrictions applicable to the Unreleased Shares lapse. In this context, “restriction” includes the Forfeiture Restriction. Holder understands that Holder may elect to be taxed for federal income tax purposes at the time the
Shares are issued rather than as and when the Forfeiture Restriction lapses by filing an election under Section 83(b) of the Code with the Internal Revenue Service no later than 30 days following the date of purchase. A form of election under
Section 83(b) of the Code is attached to the Grant Notice as Exhibit F. 
 HOLDER ACKNOWLEDGES THAT IT IS HOLDER’S SOLE
RESPONSIBILITY AND NOT THE COMPANY’S TO TIMELY FILE THE ELECTION UNDER SECTION 83(B), EVEN IF HOLDER REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HOLDER’S BEHALF. 
 5.12 Tax Withholding. 
 (a) The
Company shall be entitled to require payment of any sums required by federal, state or local tax law to be withheld with respect to the transfer of the Shares or the lapse of the Forfeiture Restriction with respect to the Shares, or any other
taxable event related thereto. The Company may permit Holder to make such payment in one or more of the forms specified below: 
 (i) by cash or check made payable to the Company; 
 (ii) by the deduction of such amount from other compensation
payable to Holder; 
 (iii) by tendering Shares which are not subject to the Forfeiture Restriction and which have a then
current Fair Market Value not greater than the amount necessary to satisfy the Company’s withholding obligation based on the minimum statutory withholding rates for federal, state and local income tax and payroll tax purposes; or 
 (iv) in any combination of the foregoing. 
 (b) In the event Holder fails to provide timely payment of all sums required by the Company pursuant to Section 5.12(a), the Company shall have the right and option, but not obligation, to treat such failure as
an election by Holder to provide all or any portion of such required payment by means of tendering Shares in accordance with Section 5.12(a)(iii). 
 5.13 Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if Holder is subject to Section 16 of the Exchange Act, the Plan, the Shares and
this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3) that are requirements for the application of such exemptive
rule. To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 
 5.14 Entire Agreement. The Plan, the Grant Notice (including all Exhibits thereto) and this Agreement constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and
agreements of the Company and Holder with respect to the subject matter hereof, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and Holder. 
  

 A-6 

 EXHIBIT B 
 TO RESTRICTED STOCK AWARD GRANT NOTICE 
 VESTING PROVISIONS 
 Capitalized terms not specifically defined herein shall have the meanings specified in the Restricted Stock Award Grant Notice (the “Grant
Notice”) to which this Exhibit B is attached or, if not defined therein, the Restricted Stock Agreement attached as Exhibit A to the Grant Notice (the “Restricted Stock Agreement”) or, if not
defined therein, the Peplin, Inc. 2007 Incentive Award Plan (the “Plan”). 
 1. Time-Based Vesting. Subject to
any accelerated vesting pursuant to paragraph 2 below, and the other provisions of the Grant Notice and the Restricted Stock Agreement, the Forfeiture Restriction shall lapse as to: 
 (a) 25% of the Shares on June 30, 2009, 
 (b) 25% of the Shares on June 30, 2010, and 
 (c) 50% of the Shares on June 30, 2011. 
 In no event, however, shall the Forfeiture Restriction lapse as to any additional Shares (whether pursuant to this paragraph 1 or as a result of any accelerated vesting
event described in paragraph 2 below) following Holder’s Termination of Service. 
 2. Accelerated Vesting Events. 
 (a) In the event of a Change in Control prior to the date of Holder’s Termination of Employment, the Forfeiture Restriction shall lapse as to all
then remaining Unreleased Shares immediately prior to such Change in Control. 
 (b) In the event that, on or after February 28, 2009 but
prior to June 30, 2009, Holder’s employment is terminated by the Company without “Cause” pursuant to Section 5.5 of that certain Employment Agreement by and between the Company and Holder, dated as of August 15, 2008
(the “Employment Agreement”), the Forfeiture Restriction shall lapse as to all then remaining Unreleased Shares immediately prior to such termination of employment. 
 (c) In the event that the VWAP of the Stock is equal to or greater than USD 15.00 per share on each day during a period of twenty
(20) consecutive trading days during the “Employment Period” (as defined in the Employment Agreement), the Forfeiture Restriction shall lapse as to the Shares scheduled to be released from the Forfeiture Restriction on June 30,
2011 on the first day following such twenty (20) day period. The “VWAP” per share of Stock on a trading day is the volume-weighted average price per share of the Stock on the NASDAQ Global Market from 9:30 a.m. to 4:00 p.m., New York
City time, on that trading day, as displayed by Bloomberg; or if the Stock is not then listed on the NASDAQ Global Market, the volume weighted average price per CDI of the Company’s CDIs on the Australia Securities Market from 9:30 a.m. to 4:00
p.m. Australia time on that trading day, as displayed by Bloomberg (which amount shall be converted to a per share amount in U.S. dollars by being multiplied by 20 and then by the applicable Australian dollar to U.S. dollar exchange rate as reported
by the Wall Street Journal on such date); or if the Stock is not listed on the NASDAQ Global Market and the Company’s CDIs are not listed on the ASX, the volume weighted average price of the Stock on the principal exchange or over-the-counter
market on which the Stock is then listed or traded. If such price is not available, the VWAP means the market value per share of the Stock on such day as determined by a nationally recognized investment banking firm retained by the Company for such
purpose.Amended and Restated 2007 Equity Incentive Plan

 Exhibit 10.1 
 OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC 
 AMENDED AND RESTATED 2007 EQUITY INCENTIVE PLAN

 (as of October 27, 2008) 
 1. Purpose of
the Plan. 
 The Och-Ziff Capital Management Group LLC 2007 Equity Incentive Plan was adopted by the Board on November 11, 2007 and
approved by the sole managing member of Och-Ziff Capital Management Group LLC (the “Company”) on November 13, 2007, prior to the Company’s IPO. This amendment and restatement of the 2007 Equity Incentive Plan (the
“Plan”) was adopted by the Board effective as of October 27, 2008. The purpose of the Plan is to provide additional incentive to selected employees, directors and Consultants of and service providers to the Company or any Subsidiary
(including OZ Advisors LP, OZ Management LP and OZ Advisors II LP) or Affiliate, whose contributions are essential to the growth and success of the Company’s business, in order to strengthen the commitment of such persons to the Company and its
Subsidiaries and Affiliates, motivate such persons to faithfully and diligently perform their responsibilities and attract and retain competent and dedicated persons whose efforts should result in the long-term growth and profitability of the
Company and its Subsidiaries and Affiliates. To accomplish such purposes, the Plan provides that the Company or a Participating Subsidiary or Affiliate may grant or sell equity-based Awards based on or consisting of Class A Shares, Class B Shares,
and LTIP Units. Notwithstanding any provision of the Plan, to the extent that any Award would be subject to Section 409A of the Code, it is the Company’s intent that each such Award comply with the requirements set forth in
Section 409A of the Code and any regulations or guidance promulgated thereunder. 
 2. Definitions. 
 The following capitalized terms used in the Plan have the respective meanings set forth in this Section: 
 (a) “Administrator” means the Board, or if and to the extent the Board does not administer the Plan, the Committee in accordance with
Section 3. 
 (b) “Affiliate” means, with respect to the Company, any Person that directly or indirectly through one or
more intermediaries controls, is controlled by or is under common control with the Company. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management
and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 (c) “Award” means,
individually or collectively, any Option, Share Appreciation Right, Restricted Share, Restricted Share Unit, Performance Share, unrestricted Share or Other Share-Based Award, including but not limited to LTIP Unit Awards, granted or sold under the
Plan. 

 (d) “Award Document” means any written agreement, contract or other instrument or
document, or any portion of any such instrument or document, evidencing an Award. 
 (e) A “Beneficial Owner” of a security
is a Person who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares: (i) voting power, which includes the power to vote, or to direct the voting of, such security and/or
(ii) investment power, which includes the power to dispose, or to direct the disposition of, such security. The term “Beneficially Own” and its derivatives shall have a correlative meaning. 
 (f) “Board” means the Board of Directors of the Company. 
 (g) “Cause” means, unless otherwise defined in the Participant’s Award Document, employment agreement, or other written agreement describing the Participant’s terms of employment or other
service with the Company or any Subsidiary or Affiliate, (i) the commission of an act of fraud, dishonesty, misrepresentation or breach of trust by the Participant in the course of the Participant’s employment with or the
Participant’s provision of services to the Company or any Subsidiary or Affiliate; (ii) the Participant’s indictment or entering of a plea of no contest for a crime constituting a felony or in respect of any act of fraud or
dishonesty; (iii) the commission of an act by the Participant which would make the Participant or the Company or any Subsidiary or Affiliate subject to being enjoined, suspended, barred or otherwise disciplined for violation of federal or state
securities laws, rules or regulations, including a statutory disqualification; (iv) gross negligence or willful misconduct in connection with the Participant’s performance of his or her duties in connection with the Participant’s
employment by or provision of services to the Company or any Subsidiary or Affiliate which the Participant may be employed by or providing service to on a full-time basis at the time or the Participant’s failure to comply with any of the
restrictive covenants set forth herein; (v) the commission of any act that would result or which might reasonably be a substantial factor resulting in the termination of the Company or any Subsidiary or Affiliate for cause under any of the
Company’s or any Subsidiary’s or Affiliate’s management, advisory or similar agreements; (vi) the Participant’s failure to comply with any material policies or procedures of the Company or any Subsidiary or Affiliate which
the Participant may be employed by or providing service to on a full-time basis at the time as in effect from time to time; provided, however, that the Participant shall have received a copy of such policies or a notice that they have been posted on
a Company or Subsidiary or Affiliate, as the case may be, website prior to such compliance failure; and (vii) the Participant’s failure to perform the material duties in connection with the Participant’s position. 
 (h) “Change in Capitalization” means any (i) merger, consolidation, reclassification, recapitalization, spin-off, spin-out,
repurchase or other reorganization or corporate transaction or event, (ii) distribution (whether in the form of cash, shares, LTIP Units or other property), share or unit split or reverse split, (iii) combination or exchange of shares or
units, (iv) other change in structure, or (v) declaration of a distribution, which the Administrator determines, in its sole discretion, affects the Shares or LTIP Units such that an adjustment pursuant to Section 5 is appropriate.

  

 2 

 (i) “Change in Control” means the occurrence of any of the following events: 

 

	 	(1)	any Person or any group of Persons acting together which would constitute a “group” for purposes of Section 13(d) of the Exchange Act, or any successor
provisions thereto, excluding any Permitted Transferee or any group of Permitted Transferees, becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the
combined voting power of the Company’s then outstanding voting securities; or 

  

	 	 (2)
	 the following individuals cease for any reason to constitute a majority of the number of directors of the Company then
serving: individuals who, on the date of the consummation of the IPO, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but
not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or recommended by a vote of at least
two-thirds ( 2/3) of the directors then still in office who either were directors on the date of the consummation of the IPO
or whose appointment, election or nomination for election was previously so approved or recommended by the directors referred to in this clause (2); or 

  

	 	(3)	there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation or other entity, and, immediately after
the consummation of such merger or consolidation, either (i) the members of the Board immediately prior to the merger or consolidation do not constitute at least a majority of the board of directors of the company surviving the merger or, if
the surviving company is a subsidiary, the ultimate parent thereof, or (ii) all of the Persons who were the respective Beneficial Owners of the voting securities of the Company immediately prior to such merger or consolidation do not
Beneficially Own, directly or indirectly, more than fifty percent (50%) of the combined voting power of the then-outstanding voting securities of the Person resulting from such merger or consolidation; or 

  

	 	(4)	the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company, or there is consummated an agreement or series of related agreements for the
sale or other disposition, directly or indirectly, by the Company of all or substantially all of the Company’s assets, other than the sale or other disposition by the Company of all or substantially all of the Company’s assets to an
entity, at least fifty percent (50%) of the combined voting power of the voting securities of which are Beneficially Owned by shareholders of the Company in substantially the same proportions as their Beneficial Ownership of such securities of
the Company immediately prior to such sale. 

  

 3 

 Notwithstanding the foregoing, except with respect to clause (2) and clause (3)(i) above, a “Change in
Control” shall not be deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the shares of the Company immediately prior to such
transaction or series of transactions continue to have substantially the same proportionate ownership in an entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions.

 (j) “Class A Shares” means the Class A Shares of the Company. 
 (k) “Class B Shares” means the Class B Shares of the Company. 
 (l) “Code” means the Internal Revenue Code of 1986, as amended and in effect from time to time. Any reference herein to a specific
section or sections of the Code shall be deemed to include a reference to any corresponding provision of any successor law. 
 (m)
“Committee” means the Board, or a committee designated by the Board to administer the Plan. With respect to Awards granted to Covered Employees, such committee shall consist of two or more persons, each of whom, unless otherwise
determined by the Board, is an “outside director” within the meaning of Section 162(m) of the Code and a “nonemployee director” within the meaning of Rule 16b-3 under the Exchange Act (“Rule 16b-3”) and has any
other qualifications required by the applicable stock exchange on which the Shares are listed. If at any time or to any extent the Board shall not administer the Plan, then the functions of the Administrator specified in the Plan shall be exercised
by such committee. 
 (n) “Company” means Och-Ziff Capital Management Group LLC, a Delaware limited liability company, and
any successors thereto. 
 (o) “Consultant” means a consultant or advisor who is a natural person, engaged to render bona
fide services to the Company or any Subsidiary or Affiliate. 
 (p) “Covered Employee” is a person who is or is likely
to become a “covered employee” as defined in Section 162(m)(3) of the Code. 
 (q) “Disability” means, unless
otherwise defined in the Participant’s Award Document, that a Participant (i) as determined by the Administrator in its sole discretion, is unable 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 can be expected to last 

  

 4 

 
for a continuous period of not less than twelve (12) months, or (ii) is, by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and
health plan covering employees of the Company or any Subsidiary or Affiliate. 
 (r) “Distribution Equivalent” means a
right, granted pursuant to the Plan, to be paid an amount determined with respect to the distributions declared and paid with respect to outstanding Shares or LTIP Units, as specified in, and pursuant to the terms of, an applicable Award Document.

 (s) “Exchange Act” means the Securities Exchange Act of 1934, as amended, supplemented or restated from time to time and
any successor to such statute, and the rules and regulations promulgated thereunder. 
 (t) “Exercise Price” means the per
share price at which a holder of an Option may purchase the Shares issuable upon exercise of such Option. 
 (u) “Fair Market
Value” as of a particular date shall mean the fair market value as determined by the Administrator in its sole discretion; provided, however, that (i) if the share, LTIP Unit or other security is listed on a national securities
exchange, the fair market value on any date shall be the closing sale price reported on such date, or (ii) if the share, LTIP Unit or other security is traded in an over-the-counter market, the fair market value on any date shall be the average
of the highest bid and lowest asked prices for such share in such over-the-counter market on such date. 
 (v) “IPO” means
the initial public offering of Class A Shares, as contemplated in the registration statement on Form S-1 of the Company (No. 333-144256). 
 (w) “LLC Agreement” means the Second Amended and Restated Limited Liability Company Agreement of Och-Ziff Capital Management Group LLC, as amended from time to time. 
 (x) “LTIP Units” means interests in the members of the Och-Ziff Operating Group, as more fully described in Section 10(b).

 (y) “LTIP Unit Awards” means Awards consisting of, among other things, LTIP Units, as more fully described in
Section 10(b). 
 (z) “Och-Ziff Operating Group” shall have the meaning assigned to it in the LLC Agreement.

  

 5 

 (aa) “Option” means an option to purchase Shares granted pursuant to Section 7.
Each Option shall be a nonqualified option, and shall not be an incentive stock option as defined in Section 422 of the Code. 
 (bb)
“Other Share-Based Award” means an Award granted pursuant to Section 10. 
 (cc) “Participant” means
(i) any employee, director, partner or Consultant of or service provider to the Company or any Subsidiary or Affiliate; and (ii) the trustee of any trust established for the purpose of providing benefits to any individual described in
(i) and/or to any dependant, family member (including any spouse, former spouse, widow, widower or co-habitee) or household member of any individual described in (i) and/or to any class of individuals comprising individuals described in
(i), their dependants, family members or household members, provided always that the relevant employee, director, partner, Consultant or service provider has been selected as a Participant by the Administrator, pursuant to the
Administrator’s authority in Section 3, to receive an Award or, where applicable, as being eligible or potentially eligible to receive an Award subject to any discretion conferred upon the trustee by the terms of the relevant trust.

 (dd) “Participating Subsidiary or Affiliate” means each Subsidiary or Affiliate that is a member of the Och-Ziff
Operating Group and has adopted the Plan. 
 (ee) “Performance Goals” means performance goals based on one or more of the
following criteria: (i) earnings, including operating income, earnings before or after taxes, earnings before or after interest, depreciation, amortization, or extraordinary or special items or book value per share (which may exclude
nonrecurring items); (ii) pre-tax income or after-tax income; (iii) earnings per share (basic or diluted); (iv) operating profit; (v) economic income; (vi) revenue, revenue growth or rate of revenue growth; (vii) return
on assets (gross or net), return on investment, return on capital, or return on equity; (viii) returns on sales or revenues; (ix) operating expenses; (x) share price appreciation; (xi) cash flow, free cash flow, cash flow return
on investment (discounted or otherwise), net cash provided by operations, or cash flow in excess of cost of capital; (xii) implementation or completion of critical projects or processes; (xiii) economic value created; (xiv) cumulative
earnings per share growth; (xv) operating margin or profit margin; (xvi) share price or total shareholder return; (xvii) cost targets, reductions and savings, productivity and efficiencies; (xviii) strategic business criteria,
consisting of one or more objectives based on meeting specified market penetration, geographic business expansion, investor satisfaction, employee satisfaction, human resources management, supervision of litigation, or information technology goals,
and goals relating to acquisitions, divestitures, joint ventures and similar transactions, and budget comparisons; (xix) personal professional objectives, including any of the foregoing Performance Goals, the implementation of policies and
plans, the negotiation of transactions, the development of long-term business goals, the formation of joint ventures, research or development collaborations, and the completion of other corporate transactions; and (xx) any combination of, or a
specified increase in, any of the foregoing. Where applicable, the Performance Goals may be expressed in terms of attaining a specified level of the particular criteria or the attainment of a percentage increase or decrease in the particular
criteria, and may be applied to one or more of the Company, a Subsidiary or 

  

 6 

 
Affiliate, or a division or strategic business unit of the Company, or may be applied to the performance of the Company relative to a market index, a group
of other companies or a combination thereof, all as determined by the Administrator. The Performance Goals may include a threshold level of performance below which no payment shall be made (or no vesting shall occur), levels of performance at which
specified payments shall be made (or specified vesting shall occur), and a maximum level of performance above which no additional payment shall be made (or at which full vesting shall occur). Each of the foregoing Performance Goals shall not be
required to be determined in accordance with generally accepted accounting principles and shall be subject to certification by the Administrator; provided, however, that the Administrator shall have the authority to make equitable adjustments to the
Performance Goals in recognition of unusual or non-recurring events affecting the Company or any Subsidiary or Affiliate or the financial statements of the Company or any Subsidiary or Affiliate, in response to changes in applicable laws or
regulations, or to account for items of gain, loss or expense determined to be extraordinary or unusual in nature or infrequent in occurrence or related to the disposal of a segment of a business or related to a change in accounting principles.

 (ff) “Permitted Transferee” means any transferee of a Share through a “Permitted Transfer,” as defined in the
LLC Agreement, in accordance with applicable restrictions. 
 (gg) “Performance Shares” means Shares that are subject to
restrictions based upon the attainment of specified Performance Goals granted pursuant to Section 9. 
 (hh) “Person”
means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization, governmental entity or other entity. 
 (ii) “Plan” means this Och-Ziff Capital Management Group LLC Amended and Restated 2007 Equity Incentive Plan, as amended from time to
time. 
 (jj) “Restricted Shares” means Shares subject to certain restrictions granted pursuant to Section 9.

 (kk) “Restricted Share Units” means the right to receive Shares or cash equal to the Fair Market Value of Shares at the
end of a specified period granted pursuant to Section 9. 
 (ll) “Shares” means the Class A Shares (as specified
in the applicable Award Document) reserved for issuance under the Plan, as adjusted pursuant to the Plan, and any successor (pursuant to a merger, consolidation or other reorganization) security. 
 (mm) “Share Appreciation Right” means the right pursuant to an Award granted under Section 8 to receive an amount equal to the
excess, if any, of (i) the aggregate Fair Market Value, as of the date such Share Appreciation Right or portion thereof is surrendered, of the Shares covered by such right or such portion thereof, over (ii) the aggregate base price of such
right or such portion thereof. 
  

 7 

 (nn) “Subsidiary” means, with respect to the Company, as of any date of determination,
any other Person as to which the Company owns or otherwise controls, directly or indirectly, more than fifty percent (50%) of the voting shares or other similar interests or a sole general partner interest or managing member or similar interest
of such Person. 
 3. Administration. 
 (a) The Plan shall be administered by the Committee in accordance with the requirements of Section 162(m) of the Code only to the extent applicable and to the extent the Administrator determines that specified Awards are intended to
qualify as performance-based compensation under Section 162(m) of the Code and, to the extent applicable, Rule 16b-3. 
 (b) Pursuant to
the terms of the Plan, the Administrator, subject to any restrictions on the authority delegated to it by the Board, shall have the power and authority, without limitation: 
  

	 	(1)	to select Participants; 

  

	 	(2)	to determine whether and to what extent Awards are to be granted to Participants; 

  

	 	(3)	to determine the number of Shares, LTIP Units, or Class B Shares to be covered by each Award; 

  

	 	(4)	to determine the terms and conditions, not inconsistent with the terms of the Plan, which shall govern Award Documents (including but not limited to (i) the restrictions
applicable to Awards and the conditions under which restrictions applicable to such Awards shall lapse, (ii) the Performance Goals and periods applicable to Awards, (iii) the Exercise Price, base price or purchase price, if any, of Awards,
(iv) the vesting schedule applicable to Awards, (v) the number of Shares, LTIP Units or Class B Shares subject to Awards and (vi) any amendments to the terms and conditions of outstanding Awards, including but not limited to reducing
the Exercise Price or base price of such Awards, extending the exercise period of such Awards and accelerating the vesting schedule of such Awards); 

  

	 	(5)	to make Fair Market Value determinations with respect to any Award; 

  

 8 

	 	(6)	to determine the duration and purpose of leaves of absence which may be granted to a Participant without constituting a termination of the Participant’s employment or service
for purposes of Awards; 

  

	 	(7)	to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall from time to time deem advisable; 

  

	 	(8)	to construe and interpret the terms and provisions of the Plan and any Award (and the Award Document relating thereto), and to otherwise supervise the administration of the Plan and
exercise all powers and authorities either specifically granted under the Plan or advisable in the administration of the Plan; 

  

	 	(9)	to delegate its authority, in whole or in part, under this Section 3 to two or more individuals (who may or may not be members of the Board), subject to the requirements
of applicable law or any stock exchange on which the Shares are listed; 

  

	 	(10)	to delegate its authority, in whole or in part, under this Section 3 and with respect to Participants who are not executive officers of the Company, to one or more individuals
(who may or may not be members of the Board), subject to the requirements of applicable law or any stock exchange on which the Shares are listed; and 

  

	 	(11)	to determine at any time whether, to what extent and under what circumstances and method or methods Awards may be settled by the Company, or any Participating Subsidiary or
Affiliate. In the event of such determination, references to the Company shall be deemed to be references to the applicable Participating Subsidiary or Affiliate for purposes of the Plan as appropriate. 

 (c) Except as expressly provided by the Administrator (including but not limited to for purposes of complying with the requirements of the LLC Agreement
and the organizational documents of any Participating Subsidiary or Affiliate relating to lawful consideration for the issuance of Awards, Class A Shares, Class B Shares or LTIP Units), no consideration other than services will be required as
consideration for the grant (but not the exercise) of any Award. Awards may, as determined by the Administrator, be granted in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company or any
Subsidiary or Affiliate or any business entity to be acquired by the Company or any Subsidiary or Affiliate or any other right of a Participant to receive payment from the Company or any Subsidiary or Affiliate. 
  

 9 

 (d) Notwithstanding paragraph (b) of this Section 3, neither the Board, nor the Administrator,
nor their respective delegates shall have the authority to reprice (or cancel and regrant) any Option or, if applicable, other Award at a lower Exercise Price or base price without first obtaining the approval of the Company’s shareholders.

 (e) All decisions made by the Administrator pursuant to the provisions of the Plan shall be final, conclusive and binding on all persons,
including the Company and any Subsidiary or Affiliate and the Participants. No member of the Board or the Administrator, nor any officer, partner, member or employee of the Company or any Subsidiary or Affiliate acting on behalf of the Board or the
Administrator, shall be personally liable for any action, omission, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Administrator and each and any officer, partner, member or
employee of the Company and of any Subsidiary or Affiliate acting on their behalf shall, to the maximum extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, omission, determination or
interpretation. 
 4. Shares Reserved for Issuance Under the Plan. 
 (a) Subject to Section 5, the maximum number of Class A Shares that may be delivered pursuant to Awards shall be a number of Class A Shares equal to fifteen percent (15%) of the number of
Class A Shares outstanding immediately after the consummation of the IPO (assuming the exchange of all Och-Ziff Operating Group A Units, as defined in the LLC Agreement, for Class A Shares), as increased on the first day of each fiscal
year beginning in calendar year 2008 by a number of Class A Shares equal to the excess of (i) fifteen percent (15%) of the number of outstanding Class A Shares on the last day of the immediately preceding fiscal year (assuming
the exchange of all Och-Ziff Operating Group A Units for Class A Shares) over (ii) the number of Shares then reserved for issuance under the Plan as of such date. 
 (b) If any Award expires or terminates unexercised, becomes unexercisable or is forfeited as to any Shares, or is tendered or withheld as to any Shares
in payment of the Exercise Price of the Award or the taxes payable with respect to the exercise or vesting of the Award, then such unpurchased, forfeited, tendered or withheld Shares shall thereafter be available for further Awards under the Plan
unless, in the case of Options, Related Share Appreciation Rights (as defined in paragraph (a) of Section 8) are exercised. 
  

 10 

 5. Equitable Adjustments. 
 In the event of any Change in Capitalization, an appropriate equitable substitution or proportionate adjustment shall be made, in each case in the manner to be determined by the Administrator in its sole discretion,
in order to prevent an enlargement or dilution of rights, in (i) the aggregate number of Shares reserved for issuance under the Plan and the maximum number of Shares that may be subject to Awards granted to any Participant in any fiscal year,
(ii) the kind, number and Exercise Price, base price, or ratio of Shares subject to outstanding Options, Share Appreciation Rights and exchangeable LTIP Units, and (iii) the kind and number of Shares or LTIP Units and the purchase price of
Shares subject to outstanding Awards of Restricted Shares, Restricted Share Units, Performance Shares, unrestricted shares or Other Share-Based Awards, including but not limited to LTIP Unit Awards; provided, however, that any fractional shares or
units resulting from the adjustment shall be eliminated. Without limiting the generality of the foregoing, in connection with a Change in Capitalization, the Administrator shall take such action as is necessary to adjust the outstanding Awards to
reflect the Change in Capitalization, including but not limited to the cancellation of any outstanding Award in exchange for payment in cash or other property of the aggregate Fair Market Value of the Shares or LTIP Units covered by such Award,
reduced by the aggregate Exercise Price, base price, or purchase price thereof, if any. Notwithstanding the foregoing, no such adjustment shall cause any Award that is or becomes subject to Section 409A of the Code to fail to comply with the
requirements of such section. The Administrator’s determinations pursuant to this Section 5 shall be final, binding and conclusive. 
 6.
Eligibility. 
 Participants shall be selected from time to time by the Administrator, in its sole discretion. 
 7. Options. 
 (a) General. Each Participant who
is granted an Option shall enter into an Award Document containing such terms and conditions as the Administrator shall determine, in its discretion, which Award Document shall set forth, among other things, the Exercise Price of the Option, the
term of the Option and provisions regarding exercisability of the Option. The provisions of each Option need not be the same with respect to each Participant. More than one Option may be granted to the same Participant and be outstanding
concurrently. Options shall be subject to the terms and conditions set forth in this Section 7 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and
set forth in the Award Document. 
 (b) Exercise Price. The Exercise Price of Shares purchasable under an Option shall be determined
by the Administrator in its sole discretion at the time of grant; provided, however, that the Exercise Price of any Option shall not be less than one hundred percent (100%) of the Fair Market Value of the Shares on the date of grant.

  

 11 

 (c) Option Term. The maximum term of each Option shall be fixed by the Administrator, but no
Option shall be exercisable more than ten (10) years after the date such Option is granted. Each Option’s term is subject to earlier expiration pursuant to the applicable provisions in the Plan and the Award Document. 
 (d) Exercisability. Each Option shall be exercisable at such time or times and subject to such terms and conditions, including the attainment of
preestablished Performance Goals, as shall be determined by the Administrator in the Award Document. The Administrator may also provide that any Option shall be exercisable only in installments, and the Administrator may waive such installment
exercise provisions at any time, in whole or in part, based on such factors as the Administrator may determine in its sole discretion. Notwithstanding the foregoing, the Administrator shall have the authority to accelerate the exercisability of any
outstanding Option at such time and under such circumstances as it, in its sole discretion, deems appropriate. Notwithstanding anything to the contrary contained herein, an Option may not be exercised for a fraction of a Share. 
 (e) Method of Exercise. Options may be exercised in whole or in part by giving written notice of exercise to the Company specifying the number of
Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased in cash or its equivalent, as determined by the Administrator. As determined by the Administrator in its sole discretion with respect
to any Option or category of Options, payment in whole or in part may also be made (i) by means of consideration received under any cashless exercise procedure approved by the Administrator (including, but not limited to the withholding of
Shares otherwise issuable upon exercise), (ii) in the form of unrestricted Shares already owned by the Participant which have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Shares as to which such
Option shall be exercised, (iii) any other form of consideration approved by the Administrator and permitted by applicable law or (iv) any combination of the foregoing. 
 (f) Rights as Shareholder. A Participant shall have no rights to distributions or any other rights of a shareholder with respect to the Shares
subject to an Option until the Participant has given written notice of exercise, has paid in full for such Shares, has satisfied the requirements of Section 14 and, if requested, has given the representation described in Section 15(b).

 (g) Transfers of Options. Except as otherwise determined by the Administrator, no Option shall be transferable by a Participant
other than by the laws of descent and distribution. Unless otherwise determined by the Administrator in accordance with the provisions of the immediately preceding sentence, an Option may be exercised during the lifetime of the Participant only by
the Participant or, during the period the Participant is under a Disability, by the Participant’s guardian or legal representative. The Administrator may, in its sole discretion, subject to applicable law, permit the gratuitous transfer during
a Participant’s lifetime of an Option, (i) by gift to a member of the Participant’s immediate family, (ii) by transfer by instrument to a trust for the benefit of such immediate family members, or (iii) to a partnership or
limited liability company in which such family members are the only partners or members; 

  

 12 

 
provided, however, that, in addition to such other terms and conditions as the Administrator may determine in connection with any such transfer, no
transferee may further assign, sell, hypothecate or otherwise transfer the transferred Option, in whole or in part, other than by operation of the laws of descent and distribution. Each such transferee shall agree to be bound by the provisions of
the Plan and the applicable Award Document. 
 (h) Termination of Employment or Service. 
  

	 	(1)	Unless the applicable Award Document provides otherwise or unless otherwise determined by the Administrator, in the event that the employment or service of a Participant with the
Company or any Subsidiary or Affiliate shall terminate for any reason other than Cause, Disability, or death, but including termination by reason of the entity employing the Participant or to which the Participant is rendering services ceasing to be
a Subsidiary or Affiliate, (A) Options granted to such Participant, to the extent that they are exercisable at the time of such termination, shall remain exercisable until the date that is ninety (90) days after such termination, on which
date they shall expire and (B) Options granted to such Participant, to the extent that they were not exercisable at the time of such termination, shall expire at the close of business on the date of such termination. The ninety (90)-day period
described in this Section 7(h)(1) shall be extended to one year after the date of such termination in the event of the Participant’s death during such ninety (90)-day period. Notwithstanding the foregoing, no Option shall be exercisable
after the expiration of its term. 

  

	 	(2)	Unless the applicable Award Document provides otherwise or unless otherwise determined by the Administrator, in the event that the employment or service of a Participant with the
Company or any Subsidiary or Affiliate shall terminate on account of the Disability or death of the Participant, (A) Options granted to such Participant, to the extent that they were exercisable at the time of such termination, shall remain
exercisable until the date that is one year after such termination, on which date they shall expire and (B) Options granted to such Participant, to the extent that they were not exercisable at the time of such termination, shall expire at the
close of business on the date of such termination. Notwithstanding the foregoing, no Option shall be exercisable after the expiration of its term. 

  

	 	(3)	In the event of the termination of a Participant’s employment or service for Cause, all outstanding Options, including vested Options, granted to such Participant shall expire
at the commencement of business on the date of such termination. 

  

 13 

 (i) Other Change in Employment or Service Status. An Option may be affected, both with regard to
vesting schedule and termination, by leaves of absence, changes from full-time to part-time employment, Disability or other changes in the employment or service status of a Participant, in the discretion of the Administrator. The Administrator shall
follow applicable written policies of the Company (if any), including but not limited to such rules, guidelines and practices as may be adopted pursuant to Section 3, as they may be in effect from time to time, with regard to such matters.

 8. Share Appreciation Rights. 
 (a)
General. Share Appreciation Rights may be granted either alone (“Free-Standing Share Appreciation Rights”) or in conjunction with all or part of any Option (“Related Share Appreciation Rights”). Related Share
Appreciation Rights may be granted either at or after the time of the grant of such Option. The Administrator shall determine the Participants to whom, and the time or times at which, grants of Share Appreciation Rights shall be made; the number of
Shares to be awarded; the base price per Share; and all other conditions of Share Appreciation Rights. Notwithstanding the foregoing, no Related Share Appreciation Rights may be granted for more Shares than are subject to the Option to which they
relate, and any Share Appreciation Rights must be granted with a base price not less than one hundred percent (100%) of the Fair Market Value of Shares on the date of grant. The provisions of Share Appreciation Rights need not be the same with
respect to each Participant. Share Appreciation Rights shall be subject to the following terms and conditions set forth in this Section 8 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as
the Administrator shall deem desirable, as set forth in the applicable Award Document. 
 (b) Exercisability. 
  

	 	(1)	Free-Standing Share Appreciation Rights shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Administrator at or after
grant. 

  

	 	(2)	Related Share Appreciation Rights shall be exercisable only at such time or times and to the extent that the Options to which they relate shall be exercisable in accordance with the
provisions of Section 7. 

 (c) Payment Upon Exercise. 
  

	 	(1)	 Upon the exercise of a Free-Standing Share Appreciation Right, the Participant shall be entitled to receive up to, but not more than, the value equal to the excess
of the Fair Market Value of a Share as of the date of exercise over the base price per Share specified in the Free-Standing Share Appreciation Right (which price shall be no less than one hundred percent (100%) of the Fair 

  

 14 

	 	 
Market Value of such Share on the date of grant) multiplied by the number of Shares in respect of which the Free-Standing Share Appreciation Right is being
exercised, with the Administrator having the right to determine the form of payment. 

  

	 	(2)	A Related Share Appreciation Right may be exercised by a Participant by surrendering the applicable portion of the related Option. Upon such exercise and surrender, the Participant
shall be entitled to receive up to, but not more than, the value equal to the excess of the Fair Market Value of a Share as of the date of exercise over the Exercise Price specified in the related Option (which price shall be no less than one
hundred percent (100%) of the Fair Market Value of a Share on the date of grant) multiplied by the number of Shares in respect of which the Related Share Appreciation Right is being exercised, with the Administrator having the right to
determine the form of payment. Options that have been so surrendered, in whole or in part, shall no longer be exercisable to the extent the Related Share Appreciation Rights have been so exercised. 

  

	 	(3)	Notwithstanding the foregoing, the Administrator may determine to settle the exercise of a Share Appreciation Right in cash (or in any combination of Shares and cash).

 (d) Rights as a Shareholder. A Participant shall have no rights to distributions or any other rights of a shareholder
with respect to the Shares subject to Share Appreciation Rights until the Participant has given written notice of exercise, has satisfied the requirements of Section 14 and, if requested, has given the representation described in
Section 15(b). 
 (e) Non-Transferability. Share Appreciation Rights shall not be transferable; provided, however, that Related
Share Appreciation Rights are transferable only when and to the extent the related Option would be transferable under Section 7. 
 (f)
Termination of Employment or Service. 
  

	 	(1)	In the event of the termination of employment or service with the Company or any Subsidiary or Affiliate of a Participant who has been granted one or more Free-Standing Share
Appreciation Rights, such Rights shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Administrator. 

  

	 	(2)	In the event of the termination of employment or service with the Company or any Subsidiary or Affiliate of a Participant who has been granted one or more Related Share Appreciation
Rights, such Rights shall be exercisable at such time or times and subject to such terms and conditions as set forth in the Award Document. 

  

 15 

 (g) Term. 
  

	 	(1)	The term of each Free-Standing Share Appreciation Right shall be fixed by the Administrator, but no Free-Standing Share Appreciation Right shall be exercisable more than ten (10)
years after the date such Right is granted. 

  

	 	(2)	The term of each Related Share Appreciation Right shall be the term of the Option to which it relates, but no Related Share Appreciation Right shall be exercisable more than ten
(10) years after the date such Right is granted. 

 9. Restricted Shares, Restricted Share Units and Performance Shares. 
 (a) General. Awards of Restricted Shares, Restricted Share Units or Performance Shares may be issued either alone or in addition to other Awards.
The Administrator shall determine the Participants to whom, and the time or times at which, Awards of Restricted Shares, Restricted Share Units or Performance Shares shall be made; the number of Shares to be awarded; the price, if any, to be paid by
the Participant for the acquisition of Restricted Shares, Restricted Share Units or Performance Shares; the Restricted Period (as defined in paragraph (c) of this Section 9), if any, applicable to Awards of Restricted Shares or Restricted
Share Units; the Performance Goals, if any, applicable to Awards of Restricted Shares, Restricted Share Units or Performance Shares; any rights to Distribution Equivalents; and all other conditions of the Awards of Restricted Shares, Restricted
Share Units and Performance Shares. The Administrator may also condition the grant of the Award of Restricted Shares, Restricted Share Units or Performance Shares upon the exercise of Options, or upon such other criteria as the Administrator may
determine, in its sole discretion. If the restrictions, Performance Goals and/or conditions established by the Administrator are not attained, a Participant shall forfeit his or her Restricted Shares, Restricted Share Units or Performance Shares.
The provisions of the Awards of Restricted Shares, Restricted Share Units or Performance Shares need not be the same with respect to each Participant. 
 (b) Awards and Certificates. Except as otherwise provided below in this Section 9, (i) each Participant who receives an Award of Restricted Shares or Performance Shares shall be issued a share
certificate in respect of such Restricted Shares or Performance Shares (or such other appropriate evidence of ownership as determined by the Administrator); and (ii) such certificate (or other evidence of ownership) shall be registered in the
name of the Participant, and, if appropriate, shall bear a legend referring to the terms, conditions, and restrictions applicable to any such Award. The Company may require that the Share certificates evidencing Restricted Shares or Performance
Shares be held in the custody of the Company until the restrictions thereon shall have lapsed, and that, as a condition of any Award of Restricted Shares or Performance Shares, the Participant shall have delivered a power of attorney, endorsed in
blank, relating to the Shares covered by such Award. 
  

 16 

 (c) Restrictions and Conditions. The Awards of Restricted Shares, Restricted Share Units and
Performance Shares shall be subject to the following restrictions and conditions and any additional restrictions or conditions as determined by the Administrator: 
  

	 	(1)	Subject to the provisions of the Plan and the Award Document, during such period as may be set by the Administrator commencing on the date of the Award (the “Restricted
Period”), the Participant shall not be permitted to sell, transfer, pledge or assign Restricted Shares, Restricted Share Units or Performance Shares; provided, however, that the Administrator may, in its sole discretion, provide for the
lapse of such restrictions in installments and may accelerate or waive such restrictions in whole or in part based on such factors and such circumstances as the Administrator may determine, in its sole discretion, including but not limited to the
attainment of certain Performance Goals, the Participant’s termination of employment or service as a director or Consultant of or service provider to the Company or any Subsidiary or Affiliate or the Participant’s death or Disability.
Notwithstanding the foregoing, upon a Change in Control, the outstanding Awards shall be subject to Section 11. 

  

	 	(2)	Except as may be provided in the Award Document, the Participant shall generally have the rights of a shareholder of the Company with respect to Restricted Shares and Performance
Shares during the Restricted Period. The Participant shall generally not have the rights of a shareholder with respect to Shares subject to Awards of Restricted Share Units during the Restricted Period; provided, however, that, at the discretion of
the Administrator, Distribution Equivalents may be awarded during a restricted period, if any, applicable to such Distribution Equivalents with respect to the number of Shares covered by Restricted Share Units and may be accrued and paid to the
Participant promptly after, and only after, the restricted period, if any, applicable to such Distribution Equivalents shall expire without forfeiture. Certificates for unrestricted Shares shall be delivered to the Participant promptly after, and
only after, the Restricted Period shall expire without forfeiture in respect of such Awards of Restricted Shares, Restricted Share Units or Performance Shares except as the Administrator, in its sole discretion, shall otherwise determine.

  

	 	(3)	The rights of Participants granted Awards of Restricted Shares, Restricted Share Units or Performance Shares upon termination of employment or service as a director or Consultant of
or service provider to the Company or to any Subsidiary or Affiliate for any reason during the Restricted Period shall be set forth in the Award Document. 

  

 17 

 (d) To the extent that the Plan is then subject to Section 162(m) of the Code, no payment pursuant
to this Section 9 with respect to Awards which are intended to qualify as performance-based compensation under Section 162(m) of the Code shall be made to a Covered Employee prior to the certification by the Committee that the applicable
Performance Goals have been attained. The Committee may establish such other rules applicable to Awards made pursuant to this Section 9; provided, however, that, with respect to Awards that are intended to qualify as performance-based
compensation under Section 162(m) of the Code, such rules shall be in compliance with Section 162(m) of the Code. 
 10. Other Share-Based
Awards. 
 (a) The Administrator is authorized to grant Awards to Participants in the form of Other Share-Based Awards, as deemed by the
Administrator to be consistent with the purposes of the Plan and as evidenced by an Award Document, including but not limited to Awards that are valued in whole or in part by reference to Class A Shares, including Awards valued by reference to
book value, fair value or performance of the Company or any Subsidiary, Affiliate or partnership interests, including Distribution Equivalents and restricted or performance units. Other Share-Based Awards may be granted as free-standing Awards or in
tandem with other Awards. The Administrator shall determine the terms and conditions of such Awards, consistent with the terms of the Plan, including any Performance Goals and performance periods. Shares, partnership interests, or other securities
or property delivered pursuant to an Award in the nature of a purchase right granted under this Section 10 shall be purchased for such consideration, paid for at such times, by such methods, and in such forms, including but not limited to
Shares, other Awards, notes or other property, as the Administrator shall determine, subject to any required corporate action. The Administrator may, in its sole discretion, settle such Other Share-Based Awards for cash, Shares, partnership
interests, or other property as appropriate; provided, however, that it determines, after consultation with its legal counsel and tax advisers, that such alternate settlement would be in the Company’s best interests. 
 (b) The Administrator is also authorized to grant LTIP Unit Awards to Participants in the form of LTIP Units that, whether vested or unvested, shall
entitle the Participant to receive, currently or on a deferred or contingent basis, distributions or Distribution Equivalents with respect to a number of LTIP Units or other distributions from the members of the Och-Ziff Operating Group, with
respect to which the Administrator may provide in the Award Document that such amounts (if any) shall be deemed to have been reinvested in additional LTIP Units. The LTIP Units may include an exchange ratio pursuant to which the LTIP Units (with or
without other property) may be exchanged for Class A Shares in accordance with the terms of the LLC Agreement, and in such case may include Class B Shares; provided, however, that the number of Class B Shares issued as a feature of the LTIP
Unit Award may not exceed the number of Class A Shares acquirable upon the exchange of the LTIP Units included in such Award and that such Class B Shares are cancelled pro tanto at the same time that the exchangeable LTIP Units are
exchanged for such Class A Shares. LTIP Units may be structured as “profits interests,” “capital interests” or other types of partnership interests for federal income tax purposes. The Administrator has the authority to
determine the number of shares, interests, units or rights underlying LTIP Unit Awards in light of all applicable circumstances, including but not limited to performance-based vesting conditions, operating partnership “capital account
allocations,” value accretion factors, and conversion or exchange ratios, to the extent set forth in the partnership agreements for the members of the Och-Ziff Operating Group, the Code or otherwise. 
  

 18 

 (c) To the extent that the Plan is then subject to Section 162(m) of the Code, no payment pursuant
to this Section 10 with respect to Awards that are intended to qualify as performance-based compensation under Section 162(m) of the Code shall be made to a Covered Employee prior to the certification by the Committee that the applicable
Performance Goals have been attained. The Committee may establish such other rules applicable to the Other Share-Based Awards; provided, however, that, with respect to Awards that are intended to qualify as performance-based compensation under
Section 162(m) of the Code, such rules shall be in compliance with Section 162(m) of the Code. 
 11. Accelerated Vesting in Connection with a
Change in Control. 
 (a) In the event of a Change in Control, any outstanding Option that is not assumed or continued, or for which an
equivalent option or right is not substituted pursuant to the Change in Control transaction’s governing document, shall become fully vested and exercisable “immediately prior to” the effective date of such Change in Control and shall
expire upon the effective date of such Change in Control. For purposes of this Section 11, “immediately prior to” shall mean sufficiently in advance of the Change in Control transaction such that there will be time for each affected
Participant to exercise his or her Option and participate in the Change in Control transaction in the same manner as all other holders of Shares. If an Option becomes fully vested and exercisable immediately prior to a Change in Control, the
Administrator shall notify the affected Participant in writing or electronically that the Option has become fully vested and exercisable, and that the Option will terminate upon the Change in Control. 
 (b) Unless otherwise determined by the Administrator and evidenced in an Award Document, in the event that (i) a Change in Control occurs and
(ii) the Participant’s employment or service is terminated by the Company, its successor or affiliate thereof without Cause on or after the effective date of the Change in Control but prior to twelve (12) months following such Change
in Control, then: 
  

	 	(1)	any unvested or unexercisable portion of any Award carrying a right to exercise shall become vested and exercisable; and 

  

	 	(2)	the restrictions, deferral limitations, payment conditions and forfeiture conditions applicable to any other Award shall lapse and all unvested Awards shall be deemed fully vested
and performance conditions imposed with respect to such Awards shall be deemed to be fully achieved. 

  

 19 

 12. Amendment and Termination. 
 The Board may amend, alter or terminate the Plan, but no amendment, alteration, or termination shall be made that would impair the rights of a Participant under any Award theretofore granted without such
Participant’s consent. Unless the Board determines otherwise, the Board shall obtain approval of the Company’s shareholders for any amendment that would require such approval in order to satisfy the requirements of Section 162(m) of
the Code, any rules of the stock exchange on which the Shares are listed or other applicable law. If any Award is subject to Section 409A of the Code and fails to comply with the requirements of Section 409A of the Code, the Administrator
reserves the right to (but is not obligated to) amend, modify or supplement such Award in order to cause it to either not be subject to Section 409A of the Code or to comply with the applicable provisions of Section 409A of the Code. The
Administrator may amend the terms of any Award theretofore granted, prospectively or retroactively, but no such amendment shall impair the rights of any Participant without his or her consent. 
 13. Unfunded Status of Plan. 
 The Plan is intended to
constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor of
the Company or any Participating Subsidiary or Affiliate. 
 14. Withholding Taxes. 
 Each Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of the Participant for
federal, state, or local income tax purposes, pay to the Company or any Subsidiary or Affiliate, or make arrangements satisfactory to the Administrator regarding payment of, any federal, state, or local taxes of any kind required by law to be
withheld with respect to the Award. The obligations of the Company or any Participating Subsidiary or Affiliate under the Plan shall be conditional on the making of such payments or arrangements, and the Company or any Subsidiary or Affiliate shall,
to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Participant. Whenever cash is to be paid pursuant to an Award, the Company or any Participating Subsidiary or Affiliate shall
have the right to deduct therefrom an amount sufficient to satisfy any federal, state and local withholding tax requirements related thereto. Whenever Shares or LTIP Units are to be delivered pursuant to an Award, the Company or any Participating
Subsidiary or Affiliate shall have the right to require the Participant to remit to the Company or such Participating Subsidiary or Affiliate in cash an amount sufficient to satisfy any federal, state and local withholding tax requirements related
thereto. With the approval of the Administrator, a Participant may elect to satisfy the foregoing requirement by electing to have the Company or any Participating Subsidiary or Affiliate withhold from delivery of Shares, LTIP Units, or other
property or by delivering already owned unrestricted Shares, LTIP Units, or other property, in each case having a value equal to the minimum amount of tax required to be 

  

 20 

 
withheld. Such Shares, LTIP Units, or other property shall be valued at their Fair Market Value, if any, on the business day immediately preceding the date
on which the amount of tax to be withheld is determined. Fractional share or unit amounts shall be settled in cash. Such an election may be made with respect to all or any portion of the Shares, LTIP Units, or other property to be delivered pursuant
to an Award. The Company or any Subsidiary or Affiliate may also use any other method of obtaining the necessary payment or proceeds, as permitted by law, to satisfy its withholding obligation with respect to any Award. 
 15. General Provisions. 
 (a) Awards, Class A
Shares, Class B Shares and LTIP Units shall not be issued pursuant to the Plan unless the issuance and delivery of such Awards, shares or LTIP Units pursuant hereto shall comply with all relevant provisions of law, including but not limited to the
Securities Act of 1933, as amended, the Exchange Act and the requirements of any stock exchange upon which the Shares may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance.

 (b) The Administrator may require each person acquiring Awards, Class A Shares, Class B Shares or LTIP Units to represent to and
agree with the Company or any Participating Subsidiary or Affiliate in writing that such person is acquiring the Awards, Class A Shares, Class B Shares or LTIP Units without a view to distribution thereof. The certificates for any shares or
LTIP Units may include any legend that the Administrator deems advisable to reflect any restrictions on transfer which the Administrator determines, in its sole discretion, arise under applicable securities laws or are otherwise applicable.

 (c) All certificates for Class A Shares, Class B Shares or LTIP Units delivered under the Plan shall be subject to such stop-transfer
orders and other restrictions as the Administrator may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares may then be listed, and any applicable
federal or state securities law, and the Administrator may cause a legend or legends to be placed on any such certificates to make appropriate reference to such restrictions. 
 (d) The Administrator may require a Participant receiving Awards, Class A Shares, Class B Shares or LTIP Units, as a condition precedent to receipt
of such Awards, shares or LTIP Units, to enter into a shareholder agreement, “lock-up” or other agreement in such form as the Administrator shall determine is advisable to further the interests of the Company or any Participating
Subsidiary or Affiliate. 
 (e) The adoption of the Plan shall not confer upon any Participant any right to continued employment or service
with the Company or any Subsidiary or Affiliate, as the case may be, nor shall it interfere in any way with the right of the Company or any Subsidiary or Affiliate to terminate the employment or service of any Participant at any time. 
  

 21 

 16. Effective Date. 
 The Plan became effective upon adoption by the Board on November 11, 2007 (the “Effective Date”), and approval by the sole managing member of the Company on November 13, 2007. 
 17. Term of Plan. 
 No Award shall be granted pursuant
to the Plan on or after the tenth (10th) anniversary of the Effective Date, but Awards theretofore granted may extend beyond that date. 
 18. Governing
Law. 
 The Plan shall be construed and enforced in accordance with the laws of the State of Delaware without regard to the application of
the principles of conflicts or choice of laws. 
 [Remainder of Page Intentionally Left Blank] 
  

 22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]