Document:

EX-10.3

 Exhibit 10.3 

OPTION GRANT NOTICE (NON-UK/US) 

SUPER GROUP (SGHC) LIMITED 

2021 EQUITY INCENTIVE PLAN [:NON-EMPLOYEE SUB-PLAN] 

Capitalized terms not specifically defined in this Option Grant Notice (the “Grant Notice”) have the meanings given to them in the
2021 Equity Incentive Plan [:Non-Employee Sub-Plan] (as amended from time to time, the “Plan”) of Super Group (SGHC) Limited (the
“Company”). 
 The Company has granted to the participant listed below (“Participant”) the option described
in this Grant Notice (the “Option”), subject to the terms and conditions of the Plan and the Option Agreement attached as Exhibit A (including any special terms and conditions for the Participant’s country set forth
in the attached appendix (the “Appendix” and together, the “Agreement”)), both of which are incorporated into this Grant Notice by reference. 

 

			
	Participant:	  	
		
	Grant Date:	  	
		
	Exercise Price per Share:	  	
		
	Shares Subject to the Option:	  	
		
	Final Expiration Date:	  	The day before the [10th] anniversary of the Grant Date
		
	Vesting Commencement Date:	  	
		
	Vesting Schedule:	  	[TBD].
		
	Type of Option	  	Non-Qualified Option

 By Participant’s signature below, Participant agrees to be bound by the terms of this Grant Notice, the Plan, the
Agreement and any Group Company policy that may be applicable to the Participant and the Option from time to time (the “Policies”) [including but not limited to the [Company’s claw-back policy / share retention policy /
remuneration policy]]. Participant has reviewed the Plan, this Grant Notice, the Agreement and the Policies 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, this Grant Notice, the Agreement and the Policies. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, this
Grant Notice or the Agreement. 
 By accepting this Option, Participant consents to receive this Grant Notice, the Agreement, the Plan, the Policies and any
other Plan-related documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the
Company. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the US federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other Applicable Law) or other transmission
method and any counterpart so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes. 

							
	SUPER GROUP (SGHC) LIMITED	  		  	PARTICIPANT
				
	By:	  	  
	  		  	
				
		  	  
	  		  	  

		  	 Name
	  		  	 [Participant Name]

				
		  	  
	  		  	
		  	 Title:
	  		  	

  

 Exhibit A 

OPTION AGREEMENT 
 Capitalized terms not
specifically defined in this Agreement (the definition of which includes any special terms and conditions for the Participant’s country set forth in the Appendix) have the meanings specified in the Grant Notice or, if not defined in the Grant
Notice, in the Plan. 
  

	1.	 GENERAL 

  

	1.1.	 Grant of Option 

The Company has granted to Participant the Option effective as of the grant date set forth in the Grant Notice (the “Grant
Date”). 
  

	1.2.	 Incorporation of Terms of Plan 

The Option is subject to the terms and conditions set forth in this Agreement and the Plan, which is incorporated herein by reference. In the
event of any inconsistency between the Plan and this Agreement, the terms of the Plan will control. 
  

	2.	 PERIOD OF EXERCISABILITY 

 

	2.1.	 Commencement of Exercisability 

The Option will vest and become exercisable according to the vesting schedule in the Grant Notice (the “Vesting
Schedule”) except that (1) the Option shall not be exercisable in any part prior to the effective date of a registration statement on Form S-8 relating to the Shares issuable with respect to
the Option and (2) any fraction of a Share as to which the Option would be vested or exercisable will be accumulated and will vest and become exercisable only when a whole Share has accumulated. Notwithstanding anything in the Grant Notice, the
Plan or this Agreement to the contrary, except as otherwise determined by the Administrator or provided in a binding written agreement between Participant and the Company, the Option will immediately expire and be forfeited as to any portion that is
not vested and exercisable as of Participant’s Termination of Service for any reason. 
  

	2.2.	 Duration of Exercisability 

The Vesting Schedule is cumulative. Any portion of the Option which vests and becomes exercisable will remain vested and exercisable until the
Option expires. The Option will be forfeited immediately upon its expiration. 
  

	2.3.	 Expiration of Option 

The Option may not be exercised to any extent by anyone after, and will expire on, the first of the following to occur: 

 

	 	(a)	 The final expiration date in the Grant Notice; 

 

	 	(b)	 Except as the Administrator may otherwise approve, the expiration of three (3) months from the date of
Participant’s Termination of Service, unless Participant’s Termination of Service is for Cause or by reason of Participant’s death or Disability; 

 

	 	(c)	 Except as the Administrator may otherwise approve, the expiration of one (1) year from the date of
Participant’s Termination of Service by reason of Participant’s Disability; 

  
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	 	(d)	 Except as the Administrator may otherwise approve, the expiration of eighteen (18) months from the date of
Participant’s Termination of Service by reason of Participant’s death; 

  

	 	(e)	 Except as the Administrator may otherwise approve, Participant’s Termination of Service for Cause;

  

	 	(f)	 Immediately upon a Corporate Event if the Administrator has determined that the Option will terminate in
connection with a Corporate Event; 

  

	 	(g)	 The day before the tenth anniversary of the Grant Date. 

Notwithstanding the foregoing, if Participant dies during the period provided in Section 2.3(b) or 2.3(c) above, the term of the Option
shall not expire until the earlier of (i) eighteen (18) months after Participant’s death, (ii) upon any termination of the Option in connection with a Corporate Event, (iii) the Final Expiration Date indicated in the Grant
Notice, or (iv) the day before the tenth anniversary of the Grant Date. Additionally, the post-termination exercise period of the Option may be extended as provided in the Plan. 

 

	3.	 EXERCISE OF OPTION 

 

	3.1.	 Person Eligible to Exercise 

During Participant’s lifetime, only Participant may exercise the Option. After Participant’s death, any exercisable portion of the
Option may, prior to the time the Option expires, be exercised by Participant’s Designated Beneficiary as provided in the Plan. 
  

	3.2.	 Partial Exercise 

Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised, in whole or in part, according to the
procedures in the Plan at any time prior to the time the Option or portion thereof expires, except that the Option may only be exercised for whole Shares. 
  

	3.3.	 Tax Withholding. 

  

	 	(a)	 The Company has the right and option, but not the obligation, to treat Participant’s failure to provide
timely payment in accordance with the Plan of any tax and/or social security withholding obligations arising in connection with the Option as Participant’s election to satisfy all or any portion of the withholding tax by requesting the Company
retain Shares otherwise issuable under the Option. 

  

	 	(b)	 Participant acknowledges that Participant is ultimately liable and responsible for all taxes owed in connection
with the Option, regardless of any action the Company or any Subsidiary takes with respect to any tax and/or social security withholding obligations that arise in connection with the Option. Neither the Company nor any Subsidiary makes any
representation or undertaking regarding the treatment of any tax and/or social security withholding in connection with the awarding, vesting or exercise of the Option or the subsequent sale of Shares. The Company and the Subsidiaries do not commit
and are under no obligation to structure the Option to reduce or eliminate Participant’s tax and/or social security liability. 

  
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	3.4.	 Lock up. 

By accepting the Option, Participant agrees that Participant will not sell, dispose of, transfer, make any short sale of, grant any option for
the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any Shares or other securities of the Company held by Participant, for a period of one hundred eighty (180) days following
the effective date of a registration statement of the Company filed under the Securities Act or such longer period as the underwriters or the Company will request to facilitate compliance with FINRA Rule 2241 or any successor or similar rules or
regulation (the “Lock-Up Period”); provided, however, that nothing contained in this Section will prevent the exercise of a repurchase option, if any, in favor of the Company
during the Lock-Up Period. Participant further agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing
or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to Participant’s Shares (or other securities of the Company) until the end of
such period. Participant also agrees that any transferee of any Shares (or other securities of the Company) held by Participant will be bound by this Section. The underwriters of the Company’s Shares are intended third party beneficiaries
of this Section and will have the right, power and authority to enforce the provisions hereof as though they were a party hereto. 
  

	4.	 OTHER PROVISIONS 

 

	4.1.	 Option Not a Service Contract. 

By accepting the Option, Participant acknowledges, understands and agrees that: 

 

	 	(a)	 the Option is not an employment or service contract, and nothing in the Option will be deemed to create in any
way whatsoever any obligation on Participant’s part to continue in the employ of the Company or any Group Company, or of the Company or any Group Company to continue Participant’s employment. In addition, nothing in Participant’s
Option will obligate the Company or any Group Company, their respective shareholders, boards of directors, officers or employees to continue any relationship that Participant might have as a Director or Consultant for the Company or any Group
Company; 

  

	 	(b)	 the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended,
suspended or terminated by the Company at any time, to the extent permitted under the Plan; 

  

	 	(c)	 the grant of the Option is voluntary and occasional and does not create any contractual or other right to
receive future grants of options (whether on the same or different terms), or benefits in lieu of options, even if options have been granted in the past; 

  

	 	(d)	 Participant’s options and any Shares acquired under the Plan on exercise of Participant’s options,
and the income and value of same, are not part of normal or expected compensation for any purpose, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, holiday pay, pension or retirement or welfare benefits or similar payments; 

 

	 	(e)	 the future value of the Shares underlying the Option is unknown, indeterminable, and cannot be predicted with
certainty; 

  

	 	(f)	 neither the Company nor any Group Company shall be liable for any exchange rate fluctuation between
Participant’s local currency and the United States Dollar (or such other currency in which the Exercise Price may be denominated) that may affect the value of Participant’s options or of any amounts due to Participant pursuant to the
exercise of the Option or the subsequent sale of any Shares received; 

  
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	 	(g)	 for the purposes of the Option, Participant’s status as a Service Provider will be considered terminated
as of the date Participant is no longer actively providing services to the Company or one of its Group Companies (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the
jurisdiction where Participant is employed or the terms of Participant’s employment agreement, if any), and unless otherwise expressly provided in this Agreement or determined by the Company, (i) Participant’s right to vest in the
Option under the Plan, if any, and (ii) the period (if any) during which Participant may exercise the Option after such termination as a Service Provider will terminate as of such date and in each instance will not be extended by any notice
period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where Participant is employed or the terms of Participant’s employment agreement, if any; and the Board shall have the
exclusive discretion to determine when Participant is no longer actively providing services for purposes of the Option (including whether Participant may still be considered to be providing services while on a leave of absence); and

  

	 	(h)	 no claim or entitlement to compensation or damages shall arise from forfeiture of this Option resulting from
the termination of Participant’s status as a Service Provider (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where Participant is employed or the terms of his or her
employment or service agreement, if any), and in consideration of the grant of this Option to which Participant is otherwise not entitled, Participant irrevocably agrees never to institute any claim against the Company or any Group Company, waives
his or her ability, if any, to bring any such claim, and release the Company and any Group Company from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the
Plan, Participant shall be deemed irrevocably to have agreed not to pursue such claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claim. 

 

	4.2.	 No Advice Regarding Grant; No Liability for Taxes 

The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s
participation in the Plan, or his or her acquisition or sale of the underlying Shares. Participant should consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action
related to the Plan. 
 As a condition to accepting the Option, Participant hereby (a) agrees to not make any claim against the Company,
Group, or any of its officers, Directors, Employees related to tax or social security liabilities arising from the Option or other Company or Group compensation and (b) acknowledges that Participant was advised to consult with
Participant’s own personal tax, legal and financial advisors regarding the tax and social security consequences of the Option and has either done so or knowingly and voluntarily declined to do so. Additionally, if Participant is subject to tax
in the United States, Participant acknowledges that the Option is exempt from Section 409A only if the exercise price per share is at least equal to the “fair market value” of a Share on the date of grant as determined by the US
Internal Revenue Service and there is no other impermissible deferral of compensation associated with the Option. Additionally, as a condition to accepting the Option, Participant agrees not make any claim against the Company, Group, or any of its
Officers, Directors, Employees in the event that the US Internal Revenue Service asserts that such exercise price per share is less than the “fair market value” of a Share on the date of grant as subsequently determined by the US Internal
Revenue Service. 

  
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	4.3.	 Adjustments 

Participant acknowledges that the Option is subject to adjustment, modification and termination in certain events as provided in this Agreement
and the Plan. 
  

	4.4.	 Language 

Participant acknowledges that he or she is sufficiently proficient in the English language, or has consulted with an advisor who is
sufficiently proficient in English, so as to allow him or her to understand the terms and conditions of this Agreement. If Participant has received this Agreement, or any other document related to the Option and/or the Plan translated into a
language other than English and if the meaning of the translated version is different than the English version, the English version will control. 
  

	4.5.	 Assets/Account, Exchange Control and Tax Reporting 

Participant may be subject to asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or
transfer of Shares or cash (including dividends and the proceeds arising from the sale of Shares) derived from Participant’s participation in the Plan in, to and/or from a brokerage/bank account or legal entity located outside
Participant’s country. The applicable laws in Participant’s country may require that he or she report such accounts, assets and balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in
such country. Participant may also be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan to his or her country through a designated bank or broker within a certain time after receipt.
Participant acknowledges that it is his or her responsibility to be compliant with such regulations and he or she is encouraged to consult with his or her personal legal advisor for any details. 

 

	4.6.	 Appendix 

Notwithstanding any provisions in this Agreement, the Option shall be subject to the special terms and conditions for Participant’s
country set forth in the Appendix attached to this Agreement. Moreover, if Participant relocates to one of the countries included therein, the terms and conditions for such country will apply to Participant to the extent the Company determines that
the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendix constitutes part of this Agreement. 
  

	4.7.	 Notices 

Any notice to be given under the terms of this Agreement to the Company must be in writing and addressed to the Company in care of the
Company’s Secretary at the Company’s principal office or the Secretary’s then-current email address. Any notice to be given under the terms of this Agreement to Participant must be in writing and addressed to Participant (or, if
Participant is then deceased, to the person entitled to exercise the Option) at Participant’s last known mailing address or email address in the Company’s personnel files. By a notice given pursuant to this Section, either party may
designate a different address for notices to be given to that party. Any notice will be deemed duly given: (i) if sent by email, when actually received; and (ii) if sent by certified mail (return receipt requested) and deposited with
postage prepaid in the applicable national mail, when delivered by a nationally recognized express shipping company. 

  
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	4.8.	 Titles 

Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 

 

	4.9.	 Conformity to Applicable Laws 

Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform to the extent necessary with all Applicable
Laws and, to the extent Applicable Laws permit, will be deemed amended as necessary to conform to Applicable Laws, and this Option may be unilaterally cancelled by the Company (with the effect that all Participant’s rights hereunder lapse with
immediate effect) if the Administrator determines in its reasonable discretion that such conformity is not possible or practicable. 
  

	4.10.	 Successors and Assigns 

The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement will inure to the benefit of
the successors and assigns of the Company. Subject to the restrictions on transfer set forth in the Plan, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the
parties hereto. 
  

	4.11.	 Limitations Applicable to Section 16 Persons 

Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject to Section 16 of the Exchange Act, the Plan,
the Grant Notice, this Agreement and the Option will 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 Applicable Laws permit, this Agreement will be deemed amended as necessary to conform to such applicable
exemptive rule. 
  

	4.12.	 Entire Agreement 

The Plan, the Grant Notice and this Agreement (including any exhibit hereto) constitute the entire agreement of the parties and supersede
in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof, with the exception of other equity awards previously granted to Participant and any written employment agreement, offer
letter, severance agreement, written severance plan or policy, or other written agreement between the Company and Participant in each case that specifies the terms that should govern this Option. 

 

	4.13.	 Agreement Severable 

In the event that any provision of the Grant Notice or this Agreement is held illegal or invalid, the provision will be severable from, and the
illegality or invalidity of the provision will not be construed to have any effect on, the remaining provisions of the Grant Notice or this Agreement. 
  

	4.14.	 Limitation on Participant’s Rights 

Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on
the part of the Company as to amounts payable and may not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will have only the rights of a general

  
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unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the Option, and rights no greater than the right to receive the Shares as a
general unsecured creditor with respect to the Option, as and when exercised pursuant to the terms hereof. 
  

	4.15.	 Counterparts 

The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature, subject to Applicable Laws, each of
which will be deemed an original and all of which together will constitute one instrument. 
  

	4.16.	 Choice of Law 

The Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and interpreted in accordance with the laws of Guernsey, disregarding any jurisdiction’s
choice-of-law principles requiring the application of a jurisdiction’s laws other than that of Guernsey and the courts of Guernsey shall have exclusive jurisdiction
to hear any dispute. 
  

	4.17.	 Other Documents 

Participant hereby acknowledges receipt of or the right to receive a document providing the information required by Rule 428(b)(1) promulgated
under the Securities Act, which includes the prospectus document containing the Plan information specified in Section 10(a) of the Securities Act. In addition, Participant acknowledges receipt of the Company’s Insider Trading and Window
Period Policy. 
  

	4.18.	 Corporate Events. 

The Option is subject to the terms of any agreement governing a Corporate Event involving the Company, including, without limitation, a
provision for the appointment of a shareholder representative that is authorized to act on Participant’s behalf with respect to any escrow, indemnities and any contingent consideration. 

  
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 APPENDIX TO OPTION AGREEMENT 

This Appendix includes special terms and conditions that govern the Option granted to Participant under the Plan if Participant resides and/or
works in one of the countries listed below. 
 The information contained herein is general in nature and may not apply to Participant’s
particular situation, and Participant is advised to seek appropriate professional advice as to how the relevant laws in Participant’s country may apply to his or her situation. If Participant is a citizen or resident of a country other than the
one in which he or she is currently working and/or residing, transfers employment and/or residency to another country after the Grant Date, is a Consultant, changes employment status to a consultant position, or is considered a resident of another
country for local law purposes, the Company shall, in its discretion, determine the extent to which the special terms and conditions contained herein shall be applicable to Participant. References to an employer (if any) shall include any entity
that engages Participant’s services. 
 [Country specific appendices to be added as required] 

  
 10EX-10.4

 Exhibit 10.4 

RESTRICTED SHARE UNIT GRANT NOTICE (INTERNATIONAL) 

SUPER GROUP (SGHC) LIMITED 

2021 EQUITY INCENTIVE PLAN WITH NON-EMPLOYEE SUB-PLAN

 Capitalized terms not specifically defined in this Restricted Share Unit Grant Notice (the “Grant Notice”) have the meanings
given to them in the 2021 Equity Incentive Plan with Non-Employee Sub-Plan (as amended from time to time, the “Plan”) of Super Group (SGHC)
Limited (the “Company”). 
 The Company has granted to the participant listed below (“Participant”) the
Restricted Share Units (the “RSUs”) described in this Grant Notice (the “Award”), subject to the terms and conditions of the Plan and the Restricted Share Unit Agreement attached as Exhibit A
(including any special terms and conditions for the Participant’s country of residence and/or work set forth in the attached appendix (the “Appendix” and together, the “Agreement”)), both of which
are incorporated into this Grant Notice by reference. 
 If the Company uses an electronic capitalization table system or benefits management system (such
as Workday or Global Shares) and the fields below are blank or the information is otherwise provided in a different format electronically, the blank fields and other information (such as vesting schedule) shall be deemed to come from the electronic
capitalization system or benefits management system and are considered part of this Grant Notice. 
 Participant: 

Grant Date: 
 Number of
RSUs: 
 Vesting Commencement Date: 

Vesting Schedule: 
 By Participant’s
signature below or by electronic acceptance or authentication in a form authorized by the Company, Participant agrees to be bound by the terms of this Grant Notice, the Plan, the Agreement and any Group Company policy that may be applicable to the
Participant and the Award from time to time (the “Policies”). Participant has reviewed the Plan, this Grant Notice, the Agreement and the Policies 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, this Grant Notice, the Agreement and the Policies. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the
Administrator upon any questions arising under the Plan, this Grant Notice or the Agreement. 
 By accepting this Award, Participant consents to receive
this Grant Notice, the Agreement, the Plan, the Policies and any other Plan-related documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and
maintained by the Company or another third party designated by the Company. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the US federal ESIGN Act of 2000, Uniform Electronic
Transactions Act or other Applicable Law) or other transmission method and any counterpart so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes. 

Approved on behalf of: SUPER GROUP (SGHC) LIMITED 

 Exhibit A 

RESTRICTED SHARE UNIT AGREEMENT 

Capitalized terms not specifically defined in this Agreement have the meanings specified in the Grant Notice or, if not defined in the Grant Notice, in the
Plan. 
 Capitalized terms not specifically defined in this Agreement (the definition of which includes any special terms and conditions for the
Participant’s country of residence and/or work set forth in the Appendix) have the meanings specified in the Grant Notice or, if not defined in the Grant Notice, in the Plan. 

 

	1.	 GENERAL 

  

	1.1	 Award of RSUs. 

The Company has granted the RSUs to the Participant effective as of the grant date set forth in the Grant Notice (the “Grant
Date”). Each RSU represents the right to receive one Share or, at the option of the Company (subject to the provisions of the Appendix), an amount of cash, in either case, as set forth in this Agreement. The Participant will have no
right to the distribution of any Shares or payment of any cash until the time (if ever) the RSUs have vested. 
  

	1.2	 Incorporation of Terms of Plan. 

The RSUs are subject to the terms and conditions set forth in this Agreement and the Plan, which is incorporated herein by reference. In the
event of any inconsistency between the Plan and this Agreement, the terms of the Plan will control. 
  

	1.3	 Unsecured Promise. 

The RSUs will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets.

  

	2.	 VESTING; FORFEITURE AND SETTLEMENT 

 

	2.1	 Vesting; Forfeiture. 

The RSUs will vest according to the vesting schedule in the Grant Notice except that any fraction of an RSU that would otherwise be vested will
be accumulated and will vest only when a whole RSU has accumulated. In the event of the Participant’s Termination of Service for any reason other than Participant’s death, all unvested RSUs will immediately and automatically be cancelled
and forfeited, except as otherwise determined by the Administrator or provided in a binding written agreement between the Participant and the Company. 
  

	2.2	 Settlement. 

  

	 	(a)	 RSUs will be paid in Shares or cash at the Company’s option as soon as administratively practicable after
the vesting of the applicable RSU, but in no event more than sixty (60) days after the RSU’s vesting date (except as otherwise provided in Section 2.2(d) below). Notwithstanding the foregoing, to the extent permitted under Applicable
Laws, the Company may delay any payment under this Agreement that the Company reasonably determines would violate Applicable Laws until the earliest date the Company reasonably determines the making of the payment will not cause such a violation.

	 	(b)	 If an RSU is paid in cash, the amount of cash paid with respect to the RSU will equal the Fair Market Value of
a Share on the day on which the applicable RSU vests. 

  

	 	(c)	 If an RSU is paid in Shares, Participant may be required to pay the nominal value thereof in the same manner as
provided for Withholding Taxes below. 

  

	 	(d)	 If the date Shares would otherwise be distributed pursuant to Section 2.2(a) (the “Original
Issuance Date”) falls on a date that is not a business day, delivery of Shares will instead occur on the next following business day. In addition, if: 

 

	 	(i)	 the Original Issuance Date does not occur (1) during an “open window period” applicable to the
Participant, as determined by the Company in accordance with the Company’s then-effective policy on trading in Company securities, or (2) on a date when the Participant is otherwise permitted to sell Shares on an established stock exchange
or stock market (including but not limited to under a previously established written trading plan that meets the requirements of Rule 10b5-1 under the Exchange Act and was entered into in compliance with the
Company’s policies (a “10b5-1 Arrangement”)), and 

  

	 	(ii)	 either (1) Withholding Taxes do not apply, or (2) the Company decides, prior to the Original Issuance
Date, (A) not to satisfy Withholding Taxes by withholding Shares from the Shares otherwise due, on the Original Issuance Date, to the Participant under the Award, and (B) not to permit the Participant to enter into a “same day
sale” commitment with a broker-dealer (including but not limited to a commitment under a 10b5-1 Arrangement) and (C) not to permit the Participant to pay the Withholding Taxes in cash,

 then the Shares that would otherwise be issued to the Participant on the Original Issuance Date will not be
delivered on such Original Issuance Date and will instead be delivered on the first business day when the Participant is not prohibited from selling Shares of the in the open public market, but, if the Company determines that the Participant may be
subject to taxation in the United States, in no event later than December 31 of the calendar year in which the Original Issuance Date occurs (that is, the last day of the Participant’s taxable year in which the Original Issuance Date
occurs), or, if and only if permitted in a manner that complies with United States Treasury Regulations Section 1.409A-1(b)(4), no later than the date that is the 15th day of the third calendar
month of the applicable year following the year in which the Shares under the Award are no longer subject to a “substantial risk of forfeiture” within the meaning of Treasury Regulations
Section 1.409A-1(d). 
  

	 	(e)	 In addition and notwithstanding the foregoing, no Shares issuable to the Participant under this Section 2
as a result of the vesting of one or more RSUs will be delivered to the Participant until any filings that may be required pursuant to the Hart-Scott-Rodino (“HSR”) Act in connection with the issuance of such Shares have been
filed and any required waiting period under the HSR Act has expired or been terminated (any such filings and/or waiting period required pursuant to HSR, the “HSR Requirements”). If the HSR Requirements apply to the issuance
of any Shares issuable to the Participant under this Section 2 upon vesting of one or more RSUs, such Shares will not be issued on the Original Issuance Date and will instead be issued on the first business day on or following the date when all
such HSR Requirements are satisfied and when the Participant is permitted to sell Shares in the open market. Notwithstanding the foregoing, if the Company determines that the Participant may be subject to taxation in the United States, the issuance
date for any Shares delayed under this Section 2(e) shall in no event be later than December 31 of the calendar year in which the Original Issuance Date occurs (that is, the last day of Participant’s taxable year in which the Original
Issuance Date occurs), unless a later issuance date is permitted without incurring adverse tax consequences under Section 409A or other Applicable Laws. 

	3.	 TAXATION AND TAX WITHHOLDING 

 

	3.1	 Representation. 

The Participant represents to the Company that the Participant has reviewed with the Participant’s own tax advisors the tax and/or social
security consequences of this Award and the transactions contemplated by the Grant Notice and this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. 

 

	3.2	 Tax Withholding. 

  

	 	(a)	 On each vesting date, and on or before the time the Participant receives a distribution of the Shares
underlying the RSUs, and at any other time as reasonably requested by the Company in accordance with applicable tax laws, the Participant hereby authorizes any required withholding from the Shares issuable to the Participant and/or otherwise agree
to make adequate provision in cash for any sums required to satisfy the United States federal, state and local and non-United States tax and/or social security withholding obligations of the Company or any
parent or Subsidiary (or Participant’s employer, if different) that arise in connection with the Participant’s RSUs (the “Withholding Taxes”). The Participant hereby authorizes the Company and/or the relevant parent
or Subsidiary (or Participant’s employer, if different), or their respective agents, at their discretion, to satisfy the obligations with regard to all Withholding Taxes by one or a combination of the following: (i) withholding from any
compensation otherwise payable to the Participant by the Company or any parent or Subsidiary (or Participant’s employer, if different); (ii) causing the Participant to tender a cash payment (which may be in the form of a check, electronic wire
transfer or other method permitted by the Company); (iii) withholding Shares from the Shares issued or otherwise issuable to the Participant in connection with the Participant’s RSUs with a fair market value (measured as of the date Shares are
issued to the Participant) equal to the amount of such Withholding Taxes; provided, however, that the number of such Shares so withheld will not exceed the amount necessary to satisfy the required tax and/or social security withholding obligations
using the maximum statutory withholding rates for United States federal, state and local and, if applicable, non-United States tax purposes, including payroll taxes, that are applicable to supplemental taxable
income; and, provided, further, that to the extent necessary to qualify for an exemption from application of Section 16(b) of the Exchange Act, if applicable, such share withholding procedure will be subject to the prior approval of the
Company’s Remuneration Committee; or (iv) by requiring the Participant to enter into a “same day sale” commitment with a broker-dealer in a manner satisfactory to the Company (including but not limited to a commitment under a 10b5-1 Arrangement). 

  

	 	(b)	 The Participant acknowledges that the Participant is ultimately liable and responsible for all taxes owed in
connection with the RSUs, regardless of any action the Company or any Subsidiary (or Participant’s employer, if different) takes with respect to any tax and/or social security withholding obligations that arise in connection with the RSUs.
Neither the Company nor any Subsidiary (or Participant’s employer, if different) makes any representation or undertaking regarding the treatment of any tax and/or social security withholding in connection with the awarding, vesting or payment
of the RSUs or the subsequent sale of Shares. The Company and the Subsidiaries (or Participant’s employer, if different) do not commit and are under no obligation to structure the RSUs to reduce or eliminate the Participant’s tax and/or
social security liability. 

	4.	 OTHER PROVISIONS 

 

	4.1	 No Advice Regarding Grant; No Liability for Taxes 

The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Participant’s
participation in the Plan, or his or her acquisition or sale of the underlying Shares. The Participant should consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any
action related to the Plan. 
 As a condition to accepting the Award, the Participant hereby (a) agrees to not make any claim against
the Company, Group, or any of its officers, Directors, Employees related to tax or social security liabilities arising from the Award or other Company or Group compensation and (b) acknowledges that the Participant was advised to consult with
the Participant’s own personal tax, legal and financial advisors regarding the tax and social security consequences of the Award and has either done so or knowingly and voluntarily declined to do so. 

 

	4.2	 Adjustments. 

The Participant acknowledges that the RSUs and the Shares subject to the RSUs are subject to adjustment, modification and termination in
certain events as provided in this Agreement and the Plan. 
  

	4.3	 Language 

The Participant acknowledges that he or she is sufficiently proficient in the English language, or has consulted with an advisor who is
sufficiently proficient in English, so as to allow him or her to understand the terms and conditions of this Agreement. If the Participant has received this Agreement, or any other document related to the Award and/or the Plan translated into a
language other than English and if the meaning of the translated version is different than the English version, the English version will control. 
  

	4.4	 Assets/Account, Exchange Control and Tax Reporting 

The Participant may be subject to asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding
and/or transfer of Shares or cash (including dividends and the proceeds arising from the sale of Shares) derived from the Participant’s participation in the Plan in, to and/or from a brokerage/bank account or legal entity located outside the
Participant’s country. The applicable laws in the Participant’s country may require that he or she report such accounts, assets and balances therein, the value thereof and/or the transactions related thereto to the applicable authorities
in such country. the Participant may also be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan to his or her country through a designated bank or broker within a certain time after
receipt. Participant acknowledges that it is his or her responsibility to be compliant with such regulations and he or she is encouraged to consult with his or her personal legal advisor for any details. 

 

	4.5	 Appendix 

Notwithstanding any provisions in this Agreement, the Award shall be subject to the special terms and conditions for the Participant’s
country of residence and/or work set forth in the Appendix attached to this Agreement which, where applicable, shall prevail in the event of conflict between such terms and conditions of this Agreement, Grant Notice and/or the Plan. Moreover, if the
Participant relocates to one of the countries included therein, the terms and conditions for such country will apply to the Participant to the extent the Company determines that the application of such terms and conditions is necessary or advisable
for legal or administrative reasons. The Appendix constitutes part of this Agreement. 

	4.6	 Notices. 

Any notice to be given under the terms of this Agreement to the Company must be in writing and addressed to the Company in care of the
Company’s Secretary at the Company’s principal office or the Secretary’s then-current email address. Any notice to be given under the terms of this Agreement to the Participant must be in writing and addressed to the Participant at
the Participant’s last known mailing address or email address. By a notice given pursuant to this Section, either party may designate a different address for notices to be given to that party. Any notice will be deemed duly given: (i) if
sent by email, when actually received; and (ii) if sent by certified mail (return receipt requested) and deposited with postage prepaid in the applicable national mail, when delivered by a nationally recognized express shipping company. 

 

	4.7	 Titles. 

Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 

 

	4.8	 Conformity to Securities Laws. 

The Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform to the extent necessary with all
Applicable Laws and, to the extent Applicable Laws permit, will be deemed amended as necessary to conform to Applicable Laws, and the RSUs may be unilaterally cancelled by the Company (with the effect that all the Participant’s rights hereunder
lapse with immediate effect) if the Administrator determines in its reasonable discretion that such conformity is not possible or practicable. 
  

	4.9	 Successors and Assigns. 

The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement will inure to the benefit of
the successors and assigns of the Company. Subject to the restrictions on transfer set forth in the Plan, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the
parties hereto. 
  

	4.10	 Limitations Applicable to Section 16 Persons. 

Notwithstanding any other provision of the Plan or this Agreement, if the Participant is subject to Section 16 of the Exchange Act, the
Plan, the Grant Notice, this Agreement, and the RSUs will 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 Applicable Laws permit, this Agreement will be deemed amended as necessary to conform to such applicable
exemptive rule. 
  

	4.11	 Entire Agreement. 

The Plan, the Grant Notice and this Agreement (including any exhibit hereto) constitute the entire agreement of the parties and supersede in
their entirety all prior undertakings and agreements of the Company and the Participant with respect to the subject matter hereof, with the exception of other equity awards previously granted to the Participant and any written employment agreement,
offer letter, severance agreement, written severance plan or policy, or other written agreement between the Company and the Participant in each case that specifies the terms that should govern this Award. 

	4.12	 Agreement Severable. 

In the event that any provision of the Grant Notice or this Agreement is held illegal or invalid, the provision will be severable from, and the
illegality or invalidity of the provision will not be construed to have any effect on, the remaining provisions of the Grant Notice or this Agreement. 
  

	4.13	 Limitation on the Participant’s Rights. 

Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on
the part of the Company as to amounts payable and may not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant will have only the rights of a general unsecured creditor of
the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when settled
pursuant to the terms of this Agreement. 
  

	4.14	 Not a Contract of Employment. 

By accepting the Award, the Participant acknowledges, understands and agrees that: 

 

	 	(a)	 the Award is not an employment or service contract, and nothing in the Award will be deemed to create in any
way whatsoever any obligation on the Participant’s part to continue in the employ of the Company or any Group Company, or of the Company or any Group Company to continue the Participant’s employment. In addition, nothing in the
Participant’s Award will obligate the Company or any Group Company, their respective shareholders, boards of directors, officers or employees to continue any relationship that the Participant might have as a Director or Consultant for the
Company or any Group Company; 

  

	 	(b)	 the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended,
suspended or terminated by the Company at any time, to the extent permitted under the Plan; 

  

	 	(c)	 the grant of the Award is voluntary and occasional and does not create any contractual or other right to
receive future grants of Awards (whether on the same or different terms), or benefits in lieu of Awards, even if Awards have been granted in the past; 

  

	 	(d)	 the Participant’s Award and any Shares acquired under the Plan in respect of the Participant’s Award,
and the income and value of same, are not part of normal or expected compensation for any purpose, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, holiday pay, pension or retirement or welfare benefits or similar payments; 

 

	 	(e)	 the future value of the Shares underlying the Award is unknown, indeterminable, and cannot be predicted with
certainty; 

  

	 	(f)	 neither the Company nor any Group Company shall be liable for any exchange rate fluctuation between the
Participant’s local currency and the United States Dollar that may affect the value of the Participant’s Award or of any amounts due to the Participant pursuant to the Award or the subsequent sale of any Shares received;

	 	(g)	 for the purposes of the Award, the Participant’s status as a Service Provider will be considered
terminated as of the date the Participant is no longer actively providing services to the Company or one of its Group Companies (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment
laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any), and unless otherwise expressly provided in this Agreement or determined by the Company, the Participant’s right to
vest in the Award under the Plan, if any, will terminate as of such date and in each instance will not be extended by any notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction
where the Participant is employed or the terms of the Participant’s employment agreement, if any; and the Board shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of the
Award (including whether the Participant may still be considered to be providing services while on a leave of absence); and 

  

	 	(h)	 no claim or entitlement to compensation or damages shall arise from forfeiture of this Award resulting from the
termination of the Participant’s status as a Service Provider (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of his or her
employment or service agreement, if any), and in consideration of the grant of this Award to which the Participant is otherwise not entitled, the Participant irrevocably agrees never to institute any claim against the Company or any Group Company,
waives his or her ability, if any, to bring any such claim, and releases the Company and any Group Company from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating
in the Plan, the Participant shall be deemed irrevocably to have agreed not to pursue such claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claim. 

 

	4.15	 Lock-up. 

By accepting the Award, the Participant agrees that the Participant will not sell, dispose of, transfer, make any short sale of, grant any
option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any Shares or other securities of the Company held by the Participant, for a period of one hundred eighty
(180) days following the effective date of a registration statement of the Company filed under the Securities Act or such longer period as the underwriters or the Company will request to facilitate compliance with FINRA Rule 2241 or any
successor or similar rules or regulation (the “Lock-Up Period”); provided, however, that nothing contained in this section will prevent the exercise of a repurchase option, if
any, in favor of the Company during the Lock-Up Period. The Participant further agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are
consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to the Participant’s Shares (or other securities of
the Company) until the end of such period. The Participant also agrees that any transferee of any Shares (or other securities of the Company) held by the Participant will be bound by this Section. The underwriters of the Company’s Shares are
intended third party beneficiaries of this Section and will have the right, power and authority to enforce the provisions hereof as though they were a party hereto. 

	4.16	 Counterparts. 

The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature, subject to Applicable Laws, each of
which will be deemed an original and all of which together will constitute one instrument. 
  

	4.17	 Choice of Law. 

The Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of Guernsey, disregarding any jurisdiction’s
choice-of-law principles requiring the application of a jurisdiction’s laws other than that of Guernsey and the courts of Guernsey shall have exclusive jurisdiction
to hear any dispute. 
  

	4.18	 Other Documents 

Participant hereby acknowledges receipt of or the right to receive a document providing the information required by Rule 428(b)(1) promulgated
under the Securities Act, which includes the prospectus document containing the Plan information specified in Section 10(a) of the Securities Act. In addition, Participant acknowledges receipt of the Company’s Insider Trading and
Window Period Policy. 
  

	4.19	 Corporate Events. 

The Award is subject to the terms of any agreement governing a Corporate Event involving the Company, including, without limitation, a
provision for the appointment of a shareholder representative that is authorized to act on the Participant’s behalf with respect to any escrow, indemnities and any contingent consideration. 

 

	4.20	 Non-Employee Sub-Plan

 If Participant is a Consultant or Director of the Company or any Group Company and is not an Employee, the terms of
Participant’s Award shall be governed by the Plan as modified by the Non-Employee Sub-Plan. 

 APPENDIX TO RESTRICTED SHARE UNIT AGREEMENT 

This Appendix includes special terms and conditions that govern the Award granted to the Participant under the Plan if the Participant resides and/or works in
one of the countries listed below. 
 The information contained herein is general in nature and may not apply to the Participant’s particular
situation, and the Participant is advised to seek appropriate professional advice as to how the relevant laws in the Participant’s country may apply to his or her situation. If the Participant is a citizen or resident of a country other than
the one in which he or she is currently working and/or residing, transfers employment and/or residency to another country after the Grant Date, is a Consultant, changes employment status to a consultant position, or is considered a resident of
another country for local law purposes, the Company shall, in its discretion, determine the extent to which the special terms and conditions contained herein shall be applicable to the Participant. References to an employer (if any) shall include
any entity that engages the Participant’s services. References to “you” are to the Participant. 
 [Country
specific appendices to be added as required]

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