Document:

Exhibit 10.1

    

    

      
        MASTER SERVICES AGREEMENT

      

      
        

        

      

      
        THIS MASTER SERVICE AGREEMENT (this “Agreement”)
          is entered into as of this 9th day of September 2022 (the “Effective Date”), by and between FACTOR BIOSCIENCE INC., a company organized and existing
          under the laws of the State of Delaware (“Factor”), and BROOKLYN IMMUNOTHERAPEUTICS, INC., a company organized and existing under the laws of the
          State of Delaware (“BTX”). Factor and BTX may each be referred to in this Agreement individually as a “Party” and collectively as the “Parties”.

      

      
        

        

      

      
        WHEREAS, Factor’s subsidiary, Factor Bioscience Limited, a company organized and existing under the laws of Ireland, and BTX’s subsidiary,
          Brooklyn Immunotherapeutics LLC, a limited liability company organized and existing under the laws of the State of Delaware, are parties to that certain Exclusive License Agreement, dated and effective as of April 26, 2021 (hereinafter, the “License”), pursuant to which Factor Bioscience Limited licensed certain technology to Brooklyn Immunotherapeutics LLC in the Field (as such term is
          defined in the License);

        

        

        WHEREAS, in support of Brooklyn Immunotherapeutics LLC’s obligations set forth in the License to develop Licensed Products (as such term is
          defined in the License), BTX desires to engage Factor to perform certain services; and

      

      
        

        

      

      
        WHEREAS, Factor agrees to perform such services in accordance with this Agreement;

      

      
        

        

      

      
        NOW, THEREFORE, in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and
          sufficiency of which are hereby acknowledged, the Parties agree as follows:

      

      
        

        

      

      
        Section 1.

        Services.

      

      
        

        

      

      
        1.1         Services. Factor shall perform the services requested by BTX, as mutually agreed upon by the Parties and more
            particularly set forth in one or more written work orders (each, a “Work Order”) entered into by the Parties hereunder (the “Services”). Factor may contract with third parties to conduct any part or all of the Services, provided that Factor obtains from such third parties
            written obligations at least as restrictive as those set forth in Section 5.

        

        

        1.2         Work Orders. Each Work Order shall be substantially in the form attached hereto as Exhibit A. The Parties will attach
            sequentially numbered Work Orders to this Agreement, and each such Work Order shall be a complete statement of the relevant project terms and shall supplement the terms and conditions of this Agreement solely for the purposes of such Work
            Order. The terms and conditions of this Agreement shall be deemed incorporated by reference in each such Work Order, except that in the event of any contrary or inconsistent terms or conditions appearing in or referred to in any such Work
            Order, the terms of the Work Order shall control with respect to the applicable Work Order to the extent such Work Order specifically identifies the applicable terms of this Agreement it is intending to supersede. The Parties acknowledge that
            purchase orders or other similar related documents may be issued or executed by BTX in connection with the Services, but this Agreement and any applicable Work Order shall take precedence over any additional, contrary or inconsistent terms and
            conditions appearing or referred to in any such purchase orders or other similar related documents.

      

      

      

      
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        1.3         Additional Services and/or Deliverables Not Within the Scope of Work Order No. 1.  The Parties acknowledge and agree that in the event that any additional Services or Deliverables will be provided that are
            not expressly identified in Work Order No. 1, including, without limitation, any research or development services, creation of any Deliverables or creation of any Intellectual Property (as defined in the License), it shall be subject to the
            Parties first agreeing to mutually acceptable additional terms to be set forth in the applicable Work Order or an amendment to this Agreement, including, without limitation, representations and warranties, indemnification, ownership and/or
            licensing of Intellectual Property related thereto, which the Parties shall determine through reasonable negotiations conducted in good faith.

      

      

      

      
        1.4         Non-Exclusivity and Confidentiality. It is understood and agreed by and between Factor and BTX that Factor maintains the right to perform similar services on behalf of itself or third parties during the term
            of this Agreement, so long as the confidentiality of information proprietary to BTX is at all times protected by Factor in accordance with Section 5.

      

      

      

      
        1.5       Factor Workplace Rules. In the event that Factor makes its premises available to BTX or its personnel in connection with the Services performed hereunder, BTX shall, and shall cause its personnel to, comply
            with and to perform its obligations in accordance with Factor’s applicable instructions, rules, regulations and policies governing conduct in the workplace, as may be updated by Factor from time to time (the “Workplace Rules”). Factor may immediately remove any BTX personnel from Factor’s premises or suspend their access to such premises for noncompliance with the Workplace Rules.
            Factor will promptly notify BTX after the removal or suspension of such personnel, as reasonably appropriate under the circumstances. The Parties will mutually determine in good faith how to resolve the non-compliance in the time frame needed
            by the Parties to avoid any material interruption to the Services. BTX agrees that any BTX personnel on, or equipment or personal property brought onto, Factor’s premises is at BTX’s sole risk and Factor is not responsible for any loss or
            damage thereto.

      

      
        

        

      

      
        Section 2.

        Performance of Services; Compliance.

      

      
        

        

        2.1       General Performance. Factor shall perform the Services in material compliance with all applicable laws and regulations, including, without limitation, laws and regulations relating to health, safety and the
            environment, fair labor practices and unlawful discrimination.  In the event that any noncompliance with applicable laws or regulations occurs, Factor shall take such actions as necessary to eliminate such noncompliance to the extent and as
            soon as practicable.

        

        

        2.2        Animal Welfare. With respect to Services involving the use of animals: (a) all such Services will be conducted under Factor’s supervision and control (whether directly by Factor or by one or more third
            parties hired by Factor pursuant to Section 1.1); (b) all such animals will be cared for, used, and disposed of in conformity with the applicable legal and ethical standards of animal testing; (c) the relevant environment, housing, management,
            veterinary care, and physical plant used in connection with such animals in the Services are appropriate for the nature of the Services; (d) in no circumstances will any such animals be used as food for humans or animals; and (e) if specific
            instructions for animal use, care, handling, or disposal are mutually agreed upon by the Parties in the applicable Work Order, Factor will comply with such instructions in connection with the applicable Services.

        

        

        2.3       FDA Debarment. Each Party represents and warrants that neither it nor any of its employees or consultants performing hereunder have been debarred under Section 306(a) or (b) of the U.S. Federal Food, Drug
            and Cosmetic Act. If at any time after the Effective Date a Party becomes aware that it or any of its employees or consultants have been debarred or is in the process of being debarred, such Party shall promptly notify the other Party thereof
            in writing and, in any event, within three (3) business days.

         

          

      

      
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      Section 3.

      Term.

      

      

      3.1         Term. This Agreement shall become effective on the Effective Date and shall continue in effect until terminated by either Party in accordance with Section 7. Notwithstanding the foregoing, should any Work
          Order(s) entered into during the term of this Agreement require Services to be performed beyond the termination date of this Agreement, then the terms of this Agreement shall remain in effect with respect to such Work Order(s) until the
          expiration or termination of that Work Order(s).

      
         

        

        Section 4.

        Payment.

      

      
        

        

      

      
        4.1        Payment Terms. In consideration of the Services performed hereunder, BTX will make payments to Factor in accordance with the applicable Work Order. Unless otherwise specified in any Work Order, BTX shall
            make all such payments within thirty (30) days of receipt of an invoice for the same. If a portion of any invoice submitted by Factor hereunder is disputed in good faith by BTX, then BTX shall provide Factor with prompt notice thereof, pay the
            undisputed amounts as set forth in the immediately preceding sentence, and the Parties shall use their good faith efforts to reconcile any disputed amount within thirty (30) days of the date of BTX’s receipt of such invoice, following which BTX
            shall promptly remit such reconciled amount, if any, to Factor. Late payments are subject to an interest charge of one and one-half percent (1.5%) per month on the outstanding balance. In addition to all other remedies available under this
            Agreement or at law (which Factor does not waive by the exercise of any rights hereunder), Factor shall be entitled to suspend the performance of any Services if BTX fails to pay any amounts/fees when due hereunder.

        

        

        4.2        Taxes. It is expressly understood and agreed that BTX will pay any and all applicable taxes levied or based upon the Services performed under each Work Order (other than Factor’s income taxes and employment
            related taxes applicable to Factor employees). Any such taxes will appear as a separate item on Factor’s invoices.

         

          

      

      
        Section 5.

        Confidentiality.

      

      
        

        

      

      5.1        General. As used herein, the term “Confidential Information” means all information furnished by one Party (the “Disclosing Party”) to the other Party (the “Receiving Party”)

          that is confidential or proprietary to the Disclosing Party (whether or not reduced to writing or other tangible medium of expression, and whether or not patented, patentable, capable of trade secret protection or protected as an unpublished or
          published work under the United States Copyright Act of 1976, as amended), including without limitation, (a) information relating to the intellectual property and business practices of the Disclosing Party; (b) information observed or otherwise
          made available to BTX or its personnel while on Factor’s premises; and (c) any third party confidential or proprietary information in the possession of the Disclosing Party that is provided to the Receiving Party. Each Party, in its capacity as a
          Receiving Party, agrees to treat as the confidential and exclusive property of the Disclosing Party all Confidential Information that is disclosed or otherwise made available by the Disclosing Party in connection with this Agreement or the
          Parties’ business relationship. The Receiving Party agrees to use any Confidential Information of the other Party solely for purposes of its performance under this Agreement unless otherwise mutually agreed in writing. The Receiving Party shall
          maintain at least the same degree of care and diligence in the protection of the Confidential Information as it uses with regard to its own confidential or proprietary information, which in any event shall be no less than a reasonable standard of
          care and diligence for the industry.

       

        

      
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      5.2        Non-Disclosure. The Receiving Party agrees not to disclose any Confidential Information of the Disclosing Party to any third party for any purpose without obtaining the prior written consent of the Disclosing
          Party, except to its employees and personnel who have a need to know in order to perform its obligations under this Agreement; provided that such employees and personnel are obligated in writing to maintain the confidential nature of such
          Confidential Information on terms at least as restrictive as those set forth herein, and the Receiving Party will be responsible for any damages resulting from any breach of this Agreement by its employees and personnel.

      

      

      5.3       Exclusions. Confidential Information does not include information that the Receiving Party is able to demonstrate (a) was
            rightfully in its possession prior to receipt from the Disclosing Party, as evidenced by the Receiving Party’s written records, (b) is now, or hereafter becomes, part of the public domain through no act or failure to act on the part of the
            Receiving Party or its agents or collaborators, (c) becomes known to the Receiving Party at any time through disclosure by a third party having no known obligation of confidentiality with respect to such information, or (d) was independently
            developed by or on behalf of the Receiving Party without the aid, application, use or benefit of the Disclosing Party’s Confidential Information, as evidenced by the Receiving Party’s written records. In addition, a Receiving Party may disclose
            such Confidential Information to the limited extent required to do so by applicable law or a proper legal, governmental or other competent authority, or by the rules of any securities exchange on which any security issued by either Party is
            traded. Except where impracticable, such Receiving Party shall give the Disclosing Party reasonable advance notice of such disclosure requirement and shall afford the Disclosing Party a reasonable opportunity to oppose, limit or secure
            confidential treatment for such required disclosure, or, where it is impracticable to give an advance notice, such Receiving Party shall give the Disclosing Party reasonable notice promptly after such required disclosure. In the event of any
            such required disclosure, the Receiving Party shall disclose only that portion of the Confidential Information legally required to be disclosed.

      

      

      5.4         Return of Confidential Information. Each Party agrees that, upon the earlier to occur of (a) the other Party’s written request or (b) termination of this Agreement, the Receiving Party shall (i) return to the
          Disclosing Party any or all parts of the Confidential Information of such party provided to the Receiving Party in documentary or other tangible form, including all copies and other tangible embodiments thereof, and (ii) destroy any or all
          Confidential Information in the Receiving Party’s possession and stored in then-accessible electronic or other media, in accordance with the Receiving Party’s own policies and timing for the destruction of its own Confidential Information.

      

      

      5.6.        Term of Confidentiality Obligations. The provisions of this Section 5 shall remain in effect for five (5) years following the termination of this Agreement, except that with respect to any Confidential
          Information constituting a trade secret as defined under applicable law, the provisions of this Section 5 shall remain in effect for as long as such Confidential Information continues to constitute a trade secret.

      
        

        

      

      
        Section 6.

        Intellectual Property.

      

      
        

        

        6.1        Deliverables.  Unless otherwise specified in the applicable Work Order, all deliverables developed as a result of Factor’s performance of the Services and as set forth in one or more Work Orders
            (collectively, the “Deliverables”) are and shall be deemed Improvements (as such term is defined in the License). Notwithstanding the foregoing, Deliverables shall expressly exclude any discovery, advancement, development, or creation which is invented, developed, authored, created, or reduced
            to practice by Factor independently of the Services performed hereunder. Except as expressly set forth herein or in the License, no license or similar grant of rights is intended to be created by this Agreement.

      

      
        

        

      

      
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        Section 7.

        Termination.

      

      
        

        

        7.1       Termination. This Agreement may be terminated by either Party for any reason upon thirty (30) days’ prior written notice to the other Party, provided, however, that any Work Order issued hereunder that has
            not terminated or expired as of the date of the termination of this Agreement shall survive the termination of this Agreement, and the terms of this Agreement shall remain in full force an effect with respect to any such Work Order. Any Work
            Order issued hereunder may be terminated according to the terms set forth in such Work Order.

      

      
        

        

      

      
        7.2       Survival. The provisions of Sections 5 (Confidentiality), 6 (Intellectual Property), 7.2 (Survival), 8 (Relationship of the Parties), 9 (Notices), and 10 (Miscellaneous) shall survive the termination of this
            Agreement.

        

        

      

      
        Section 8.

        Relationship of the Parties.

      

      
        

        

      

      
        8.1       Independent Contractor. Any Services performed by Factor under this Agreement are to be performed by Factor in Factor’s capacity as an independent contractor. Neither Factor nor its employees, agents or
            representatives are employees of BTX. Factor retains the sole right to hire, discipline, evaluate and terminate its own employees and to set their hours, wages and terms and conditions of employment in accordance with law and Factor’s
            obligations herein. All income, employment and other similar taxes required to be withheld and/or paid with respect to all Services provided hereunder will be timely paid by Factor directly to the appropriate governmental agency. The employees,
            representatives or agents of Factor are not entitled to and will not receive from BTX in connection with the Services, any benefits normally provided by BTX to its employees.

      

      

      

      Section 9.

      Notices.

      
        

        

        9.1       Notices. Any notice required to be given pursuant to the provisions of this Agreement will be in writing and will be deemed to have been given at the time when actually received as a consequence of any
            effective method of delivery, including but not limited to hand delivery, transmission by telecopier, facsimile or electronic transmission, including PDF (portable document format), delivery by a professional courier service or delivery by
            first class, certified or registered mail (postage prepaid) addressed to the Party for whom intended at the address below, or at such changed address as the Party will have specified by written notice in accordance with this Section 9;
            provided, however, that any notice of change of address will be effective only upon actual receipt.

        

        

      

      
        If to Factor:

      

      
        Factor Bioscience Inc.

        Attn: Christopher Rohde, Ph.D.

        1035 Cambridge Street, Suite 17B

        Cambridge, MA 02141.

        chris.rohde@factorbio.com

      

      
        

        

        If to BTX:

      

      
        Brooklyn ImmunoTherapeutics, Inc.

        Attn: Andrew Jackson

        10531 4S Commons Dr., Ste. 160-550

        San Diego, CA 92127.

        ajackson@brooklynitx.com.

      

      
        

        

      

      
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        Section 10.

        Miscellaneous.

        

        

      

      10.1     Entire Agreement; Amendments. This Agreement and any Work Orders issued hereunder, together with the License, represents the entire understanding of the parties with respect to the Services that are subject matter hereof
          and (with the exception of the License) shall merge and supersede all prior and contemporaneous agreements or understandings, oral or written, with respect thereto. This Agreement shall not be modified except by a written agreement signed by the
          Parties hereto specifying that it is a modification to the Agreement.

      

      

      10.2       Waiver. The failure of a Party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver or deprive that Party of the right to insist upon strict adherence
          to that term or any other term of this Agreement. Any waiver must be in writing and signed by the Party making the waiver.

      

      

      10.3       Severability.
          The invalidity or unenforceability of any term or provision of this Agreement shall not affect the validity or enforceability of any other term or provision hereof.

      

      

      10.4      Governing Law and Venue. This Agreement shall be construed under and governed by the laws of the Commonwealth of Massachusetts,
            without regard to the conflict of laws principles thereof. The Parties hereby submit to the exclusive jurisdiction of the federal and/or state courts sitting in Boston, Massachusetts, without restricting any right of appeal.

      

      

      10.5       Representations, Warranties and Covenants; Disclaimer. Each Party hereto hereby represents, warrants and covenants to the other that (a) it is a corporation duly incorporated, validly existing and in good standing; (b) it has taken all
          necessary actions on its part to authorize the execution, delivery and performance of the obligations undertaken in this Agreement, and no other corporate or regulatory actions (e.g., obtaining permits, licenses or authorizations) are necessary
          with respect thereto; (c) it is not a party to any agreement or understanding, and there is no applicable law or regulation or third party rights, that would prohibit it from entering into and performing this Agreement or that would be violated
          through entering into this Agreement or any Work Order or the provision or use of the Services or Deliverables  (provided that, with respect to Factor’s representation under this subsection (c) BTX pays the fees, if any, required for any
          additional license that Factor identifies to BTX in writing as being required under Factor’s existing agreements for equipment or related software to be provided by Factor for use by BTX as part of the Services or Deliverables under a Work
          Order); and (d) when executed and delivered by it, this Agreement will constitute a legal, valid and binding obligation of it, enforceable against it in accordance with this Agreement’s terms. Factor further represents and warrants that the
          Services shall be performed in a professional manner by competent and properly trained personnel in accordance with Factor’s training standards and practices, which are reasonably consistent with standards that are generally accepted in the
          industry.  Except as expressly provided in this Agreement, neither Party makes any representations, extend any warranties of any kind, either express or implied, including, without limitation, any implied warranties of merchantability or any
          implied warranties of fitness for a particular purpose or non-infringement, or assumes any responsibilities whatsoever with respect to the Services or the Deliverables, including the use, sale, or other disposition of products or services
          incorporating or made by use of the Services or the Deliverables. Except for a Party’s breach of Section 5, in no event will either Party, or its directors, officers, employees, affiliates or agents, be liable for any special, incidental,
          consequential or indirect damages of any kind, whether grounded in tort (including negligence), strict liability, contract or otherwise. The Parties acknowledge that the Services could not be made available under the terms provided herein without
          an increase in cost if Factor were required to provide any representations, warranties or guarantees in addition to, or in lieu of, those expressly set forth in this Agreement.

      

      

      
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      10.6      Mutual Indemnification.  Each Party (the “Indemnifying Party”) will indemnify, defend and hold harmless the other Party, its Affiliates and
            their respective directors, officers, employees, consultants, licensors and agents, and their respective successors, and assigns (collectively, the “Indemnified Party”),
            against all third party suits, actions, claims, proceedings, liabilities, demands, damages, losses, or expenses (including legal expenses, investigative expenses, and reasonable attorneys’ fees) resulting from, arising out of, or otherwise
            attributable to the Indemnifying Party’s breach of its express representations and warranties set forth herein, except to the extent resulting from, arising out of, or otherwise attributable to the Indemnified Party’s breach of any of its
            express representations, warranties or covenants set forth herein, or any act of gross negligence or intentional misconduct by the Indemnified Party. As used herein, “Affiliate” means any person or entity directly or indirectly controlling or having the power to control, or controlled by or being under common control with another
            person or entity.  For this purpose, “control” means the direct or indirect possession of power to direct or cause the direction of the management or policies of such party, whether through ownership or stock or other securities, by contract or
            otherwise.  Ownership of more than fifty percent (50%) of the beneficial interest of an entity shall be conclusive evidence that control exists.

      

      

      The Indemnified Party will promptly give notice to the Indemnifying Party of any suits, actions, claims, proceedings, liabilities, demands, damages, losses, or
        expenses which might be covered by this Section and the Indemnifying Party will have the right to defend the same, including selection of counsel and control of the proceedings; provided that the Indemnifying Party will not, without the written
        consent of the Indemnified Party, settle or consent to the entry of any judgment with respect to any such third party claim (x) that does not release the Indemnified Party from all liability with respect to such third party claim or (y) which may
        materially adversely affect the Indemnified Party’s or under which the Indemnified Party would incur any obligation or liability, other than one as to which the Indemnifying Party has an indemnity obligation hereunder. The Indemnified Party agrees
        to reasonably cooperate and aid such defense.   The Indemnified Party at all times reserves the right to select and retain counsel of its own at its own expense to defend the Indemnified Party’s interests.

      

      

      10.7       Force Majeure. Failure of either Party to perform its obligations under this Agreement shall not subject such Party to any liability or place such Party in breach of any term or condition of this Agreement to
          the other Party to the extent that such failure is due to causes beyond the reasonable control of the affected Party including, but not limited to, fire, explosion, flood, drought, hurricane, war, terrorism, riot, civil unrest, sabotage,
          vandalism, embargo, epidemic, pandemic or other declared national, state or local health emergency, compliance with any order or regulation of any government entity acting with color of right, or any other cause beyond the reasonable control of
          such non-performing Party and not caused by the negligence, intentional conduct or misconduct of the non-performing Party (such event or cause referred to as “force

              majeure”).  The Party unable to perform hereunder due to force majeure shall, as promptly as reasonably practicable, notify the other Party and shall use reasonable efforts to eliminate, cure or overcome the force majeure, keeping
          the other Party informed of its progress, and resume performance of its obligations as soon as reasonably practicable.  If a condition constituting force majeure exists for more than thirty (30) consecutive days, the Parties shall meet and
          discuss in good faith modifications to the Services, timetable for provision and completion of the Services and/or other affected aspects of the Agreement or Work Order.

      

      

      10.8       Injunctive Relief. Each Party agrees that it would be impossible or inadequate to measure and calculate the other Party’s damages from any breach of the covenants set forth in Section 5 of this Agreement, and
          that a breach of such covenants could cause serious and irreparable injury to such other Party.  Accordingly, each Party shall have available, in addition to any other right or remedy available to it, the right to seek an injunction from a court
          of competent jurisdiction restraining such a breach (or threatened breach) and to specific performance of any such covenant.  Each Party further agrees that no bond or other security shall be required in seeking such equitable relief.

      

      

      
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      10.9      Assignment. This Agreement will be binding upon and will inure to the benefit of each Party and each Party’s respective transferees, successors and assigns, pursuant to the provisions set forth below.  Neither
          Party may transfer or assign this Agreement without the prior written consent of the other Party, except as provided in this Section 10.9. In the event that a third party (the “Acquiring Party”) acquires all or substantially all of a Party’s business, capital stock or assets, or the portion of such Party’s assets pertaining to this Agreement, whether by sale, merger, change of
          control, operation of law or otherwise (an “Acquisition”), such Party may assign this Agreement and the Work Orders hereunder to the Acquiring Party
          without the prior written consent of the other Party, provided that the Acquiring Party agrees in writing to assume the assigning Party’s obligations under this Agreement and the Work Orders hereunder. In such event, the rights granted to the
          Party being acquired under this Agreement shall inure to the benefit of the Acquiring Party. For the avoidance of doubt, in the event of an Acquisition of BTX by an Acquiring Party, the Acquiring Party will be responsible for all payments and
          other obligations set forth in this Agreement, including, but not limited to, all payments set forth herein, and any obligations that matured prior to the Acquisition date. Upon an Acquisition of BTX by an Acquiring Party, payment thereof shall
          remain an ongoing obligation of the Acquiring Party until such amount is paid in full. Any attempted assignment in contravention of this Section 10.9 will be null and void.

      

      

      10.10     Announcement.  As soon as reasonably practicable after entering into this Agreement, the Parties may issue a joint press release announcing their entering into this Agreement, provided that the content of such
          press release shall be determined by mutual agreement of the Parties acting in good faith.  BTX shall also be entitled to disclose this Agreement in its filings with the Securities and Exchange Commission and as otherwise required in order to
          comply with applicable legal requirements and the rules or regulations of any securities exchange on which BTX’s securities are listed.

      

      

      10.11    Counterparts. This Agreement may be executed by original or facsimile signature in any number of counterparts, each of which need not contain the signature of more than one Party but all such counterparts taken together
          will constitute one and the same agreement.

       

      

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        IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement as of the Effective Date first written above.

      

      
        

        

      

      	
              FACTOR BIOSCIENCE INC.

            	 
	 	 	 
	
              By:

            	
              /s/ Chris Rohde

            	 
	 	
              Christopher Rohde, PhD

            	 
	 	
              Chief Technology Officer

            	 

      
        

        

      

      	
              BROOKLYN IMMUNOTHERAPEUTICS, INC.

            	 
	 	 	 
	
              By:

            	
              /s/ Andrew Jackson

            	 
	 	
              Andrew Jackson

            	 
	 	
              Chief Financial Officer

            	 

       

      

      
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        Exhibit A

      

      

      

      [Form of Work Order]

      

      

      
        This Work Order No. [●] is entered into as of this [●] day of [●], [●], by and between FACTOR BIOSCIENCE INC., a company organized and existing under the laws of the
          State of Delaware (“Factor”), and BROOKLYN IMMUNOTHERAPEUTICS, INC., a company organized and existing under the laws of the State of Delaware (“BTX”), pursuant to the terms and conditions of the Master Services Agreement between the Parties with an effective date of September ___, 2022 (the “Agreement”), the terms of which are incorporated herein by reference. Capitalized terms not otherwise defined herein have the meanings assigned to them
          in the Agreement.

        

        

        PART I: PROJECT INFORMATION

        

        

      

      
        
          	 	
                  A.

                	
                  Project Title

                

        

      

      

      

      
        	 	
                B.

              	
                Description

              

      

      
        

        

      

      
        
          	 	
                  C.

                	
                  Tasks and Deliverables

                

        

      

      
        

        

      

      
        PART II: COSTS AND PAYMENT SCHEDULE

        

        

        PART III: TERMINATION

        

        

      

      
        IN WITNESS WHEREOF, the Parties hereto have duly executed this Work Order as of the date first written above.

      

      
        

        

      

      	
              FACTOR BIOSCIENCE INC.

            	 
	 	 	 
	
              By:

            	

            	 
	 	
              Christopher Rohde, PhD

            	 
	 	
              Chief Technology Officer

            	 

      
        

        

        

        

      

      	
              BROOKLYN IMMUNOTHERAPEUTICS, INC.

            	 
	 	 	 
	
              By:

            	

            	 
	 	
              Andrew Jackson

            	 
	 	
              Chief Financial Officer

            	 

       

      

      
        
          

      

      Work Order No. 1

      

      

      
        This Work Order No. 1 is entered into as of this 9th day of September, 2022, by and between FACTOR BIOSCIENCE INC., a company organized and existing under the laws
          of the State of Delaware (“Factor”), and BROOKLYN IMMUNOTHERAPEUTICS, INC., a company organized and existing under the laws of the State of Delaware
          (“BTX”), pursuant to the terms and conditions of the Master Services Agreement between the Parties with an effective date of September 9, 2022 (the “Agreement”), the terms of which are incorporated herein by reference. Capitalized terms not otherwise defined herein have the meanings assigned to them
          in the Agreement.

        

        

        PART I: PROJECT INFORMATION

        

        

      

      
        
          	 	
                  A.

                	
                  Project Title

                

        

      

      mRNA Cell Engineering Research Support Services

      

      

      
        	 	
                B.

              	
                Description

              

      

      
        Factor shall provide BTX with mRNA cell engineering research support services, including access to facilities, equipment, materials, and
          training, as more specifically described below.

      

      
        

        

      

      
        
          	 	
                  C.

                	
                  Tasks and Deliverables

                

        

      

      
        Factor shall provide BTX with:

      

      
        	 	•	
                Access to Factor’s research laboratory facilities located at 1035 Cambridge Street, in Cambridge, Massachusetts.

              

        	

              	•	
                Access to Factor’s scientific equipment

              

        	

              	•	
                Training of BTX research staff in mRNA, iPSC, and gene-editing technology

              

        	

              	•	
                Copies of protocols, formulations, and sequences useful for the development of mRNA cell engineering products

              

        	

              	•	
                In vitro transcription templates, mRNA constructs, and iPS cells useful for the development of mRNA cell engineering products

              

      

      
        

        

        Each Party shall be solely responsible for obtaining and maintaining such insurance coverages as it determines to be necessary and appropriate with respect to its
          operations, assets and personnel.  In the event that Factor or BTX identify any material hazard or unsafe condition with respect to the facilities, equipment or materials provided by Factor hereunder, the applicable Party shall provide written
          notice thereof to the other Party upon becoming aware of same and Factor shall undertake commercially reasonable efforts to eliminate such hazard or unsafe condition as soon as reasonably practicable.

        

        

        PART II: COSTS AND PAYMENT SCHEDULE

        

        

        BTX shall pay to Factor a total aggregate fixed fee of Five Million Dollars ($5,000,000) for the Services to be provided under this Work Order No. 1, payable in
          equal monthly installments of $416,667 per month, with each installment due and payable on the last day of each month. The first and the last month’s installments shall be pro-rated based on the number of days during which the Services are
          provided in such months. BTX shall pay to Factor a deposit equal to $416,667 due and payable on the date hereof, which amount shall be applied to the last payments due.

        

        

        Beginning on the first anniversary of the date hereof, and until this Work Order No. 1 is terminated, BTX shall pay to Factor a monthly fee of $416,667 per month
          according to the terms set forth above, less amounts due by Factor to BTX in rent payments, if any.

        

        

      

      
        
          

      

      
        Beginning on the first anniversary of the date hereof, with respect to each payment made under this Work Order No. 1, such payment shall be credited against any
          Milestone Payments (as such term is defined in the License), but only to the extent such Milestone Payments are due within twelve (12) months of the date of such payment made under this Work Order No. 1.

        

        

        PART III: TERMINATION

        

        

        Neither Party may terminate this Work Order No. 1 until the second anniversary of the date hereof. BTX may terminate this Work Order No. 1 with such termination
          becoming effective on or after the second anniversary of the Effective Date of the Agreement by providing Factor with at least one hundred twenty (120) days’ prior notice. Either Party may terminate this Work Order No. 1 with such termination
          becoming effective on or after the fourth anniversary of the Effective Date of the Agreement by providing the other Party with at least one hundred twenty (120) days’ prior notice. In the event that a Party hereto fails to materially perform its
          obligations hereunder and such material failure continues for more than thirty (30) days after the other Party has delivered written notice of such failure to the nonperforming Party, then, in addition to other available remedies, the other Party
          shall have the right to suspend the performance if its obligations until the nonperforming Party resumes performance of such Party’s obligations hereunder.

        

        

      

      
        IN WITNESS WHEREOF, the Parties hereto have duly executed this Work Order as of the date first written above.

      

      
        

        

      

      	
              FACTOR BIOSCIENCE INC.

            	 
	 	
               

            	 
	
              By:

            	
              /s/ Chris Rohde

            	 
	 	
              Christopher Rohde, PhD

            	 
	 	
              Chief Technology Officer

            	 

      
        

        

      

      	
              BROOKLYN IMMUNOTHERAPEUTICS, INC.

            	 
	 	 	 
	
              By:

            	
              /s/ Andrew Jackson

            	 
	 	
              Andrew Jackson

            	 
	 	
              Chief Financial OfficerEX-10.1

 Exhibit 10.1 
  

 
 

 
 Woodside Energy Group Ltd 

Woodside Equity Plan Rules 
 October 2022 

  
  

			
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 Woodside Equity Plan 

 
  

	1.	 Establishment and Purpose 

The Plan has been established by the Board for the purpose of rewarding the ongoing commitment of Eligible Employees to Woodside. 

 
  

	2.	 Application 

  

	 	(a)	 These Plan Rules set out the basis on which Equity Rights will be granted to Eligible Employees and the terms
and conditions of those Equity Rights. 

  

	 	(b)	 These Plan Rules bind each Eligible Employee and the Company. 

 
  

	3.	 Definitions and Interpretation 

 

	3.1	 Definitions 

  

	 	(a)	 The following words and phrases have these meanings in these Plan Rules: 

Allocation Date means the date on which Equity Right Shares are allocated to an Eligible Employee in accordance with clause 6.3(a). 

ASX means ASX Limited (ACN 008 624 691) trading as the Australian Securities Exchange. 

ASX Listing Rules means the listing and operating rules and procedures of the ASX as amended from time to time. 

Board means the board of directors of the Company from time to time. 

Business Day means a “trading day” as defined in the ASX Listing Rules. 

Cash Amount means the amount of cash determined in accordance with clause 6.4. 

CEO means the Chief Executive Officer of the Company, from time to time. 

Change of Control Event is defined in clause 7. 

Company means Woodside Energy Group Ltd (ABN 55 004 898 962). 

Company Secretary means the company secretary of the Company. 

Constitution means the constitution of the Company as amended from time to time. 

Corporations Act means the Corporations Act 2001 (Cth). 

Effective Date means, for each Offer, the date determined by the Board as being the date upon which the Equity Rights are to be offered
to an Eligible Employee. 
 Eligible Employee means a person who is: 

 

	 	(i)	 a permanent full time or part time employee of Woodside on the relevant Effective Date; or

  
  

			
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	  	2

 Woodside Equity Plan 

 

	 	(ii)	 otherwise nominated by the CEO as an Eligible Employee. 

For the avoidance of any doubt, notwithstanding any nomination pursuant to (ii) above, contractors, casual employees, non-executive directors of the Company and the CEO are not Eligible Employees. 
 Equity Right is a
right to be allocated either one Share or the Cash Amount upon vesting in accordance with these Plan Rules. 
 Equity Right Share
means a Share which, subject to clause 5, will be allocated to an Eligible Employee following the vesting of an Equity Right under these Plan Rules. 

Forfeiture Event means, in relation to an Eligible Employee, any one or more of the following: 

 

	 	(i)	 resignation by the Eligible Employee or any other form of voluntary termination of employment by the Eligible
Employee; 

  

	 	(ii)	 the Eligible Employee ceasing to be employed by Woodside other than pursuant to a Terminating Event;

  

	 	(iii)	 if the Eligible Employee: 

 

	 	(A)	 engages in any act or omission which, in the opinion of the Board, amounts to dishonesty, fraud, wilful
misconduct, wilful breach of duty, or serious and wilful negligence in the performance of the Eligible Employee’s duties; or 

  

	 	(B)	 acts in such a way as, in the opinion of the Board, is likely to injure the reputation, business or operations
of the Company or any member of Woodside; 

  

	 	(iv)	 receipt by the Company of a notice in writing from an Eligible Employee to the effect that the Eligible
Employee has elected to surrender the Equity Right; or 

  

	 	(v)	 any other event determined by the Board to be a Forfeiture Event, including but not limited to a determination
under clause 11.9. 

 International Assignee means an Eligible Employee who, at any time during the Vesting Period,
is on assignment for, or has been relocated outside of their original employment location by the Company or any member of Woodside. 

Legal Personal Representative means: 
  

	 	(i)	 an executor or trustee of the will, or an administrator of the estate of a deceased person;

  

	 	(ii)	 the trustee of the estate of a person under a legal disability; or 

 

	 	(iii)	 any beneficiary of the estate of the deceased person as nominated by the executor, administrator or trustee.

 Offer has the meaning given in clause 4.1. 

  
  

			
	 October 2022
	  	3

 Woodside Equity Plan 

 

 Plan means the Woodside Equity Plan, established by the Board on 20 October 2011,
as described by these Plan Rules. 
 Plan Rules means the rules of the Plan as set out in this document, and as amended from time to
time. 
 Privacy Policy means Woodside’s privacy statement, as amended from time to time, which can be found on Woodside’s
website. 
 Qualifying Service Period means the number of days in a Vesting Period during which an employee is an Eligible Employee
commencing on the Effective Date of an Offer or such other date as determined by the Board, and concluding on the earlier of: 
  

	 	(i)	 a Terminating Event; and 

 

	 	(ii)	 the last day of the Vesting Period for that Offer, 

but does not include any days during which the Eligible Employee is: 
  

	 	(iii)	 on any form of leave without pay or on any other extended unpaid leave of absence; 

 

	 	(iv)	 not engaged in service under their contract of employment with Woodside; 

 

	 	(v)	 on salary continuance; or 

 

	 	(vi)	 undertaking non-service activity prescribed by the CEO or the Board as
falling within (iv) above for the purposes of these Plan Rules. 

 Scheme of Arrangement means a compromise or
arrangement between the Company and its members under Part 5.1 of the Corporations Act, which if implemented will result in: 
  

	 	(i)	 the amalgamation of the Company with any other body corporate; or 

 

	 	(ii)	 one person (by themselves, or together with persons who are their associates for the purposes of Chapter 6 of
the Corporations Act) becoming, whether directly or indirectly, legally or beneficially entitled to 50% or more of the share capital of the Company. 

Securities Dealing Policy means the securities dealing policy (or policy of equivalent purpose) of Woodside as amended from time to
time. 
 Share means an ordinary fully paid share in the capital of the Company including but not limited to a share listed on the ASX
or an American Depositary Share listed on the New York Stock Exchange. 
 Takeover Bid means an
off-market or market bid for some or all of the Shares of the Company made under Chapter 6 of the Corporations Act. 

Tax includes any tax (whether direct or indirect), levy, impost, deduction, charge, rate, contribution, duty or withholding which is (or
is deemed to be) assessed, levied, imposed or made by any government or any governmental, semi-governmental or judicial entity or authority together with any interest, penalty, fine, charge, fee or other amount assessed (or deemed to be assessed),
levied, imposed or made on or in respect of any or all of the foregoing. 

  
  

			
	 October 2022
	  	4

 Woodside Equity Plan 

 

 Terminating Event means the occurrence of any of the following events: 

 

	 	(i)	 the Eligible Employee no longer being employed by Woodside due to redundancy, or any other similar
circumstances as determined by the Board; 

  

	 	(ii)	 the total and permanent disablement of the Eligible Employee; 

 

	 	(iii)	 the Eligible Employee is terminated by Woodside due to medical illness or incapacity; 

 

	 	(iv)	 the death of the Eligible Employee; or 

 

	 	(v)	 any other event nominated by the Board as a Terminating Event in respect of an Offer under the Plan.

 Trust means any trust the Board determines will be used for the purposes of administering the Plan, from time to
time. 
 Trust Deed means any deed establishing a Trust, as amended from time to time. 

Trustee means the trustee responsible for administering a Trust utilised for the purposes of the Plan. 

Vesting Date means, for each Offer, subject to clauses 6.5 and 7, the date determined by the Board or the CEO (as relevant) and set out
in the Offer. 
 Vesting Equity Rights has the meaning given in clause 6.1. 

Vesting Period means, for each Offer, subject to clause 7, a period commencing on the applicable Effective Date and ending on the
Business Day immediately prior to the applicable Vesting Date, or as determined by the Board. 
 Woodside means the Company and where
the context permits, includes its subsidiaries from time to time or any of them. 
  

	3.2	 Interpretation 

 

	 	(a)	 In these Plan Rules unless the contrary intention appears: 

 

	 	(i)	 a reference to allocation of a Share or a Share being allocated is a reference to an Eligible Employee
becoming: 

  

	 	(A)	 the registered owner of a Share; or 

 

	 	(B)	 beneficially entitled to a Share under the terms of these Plan Rules and the terms of any applicable Trust
Deed, custodian deed or nominee arrangement. 

  

	 	(ii)	 the singular includes the plural and vice versa; 

 

	 	(iii)	 if a word or phrase is defined its other grammatical forms have corresponding meanings; 

 

	 	(iv)	 includes means includes without limitation; 

  
  

			
	 October 2022
	  	5

 Woodside Equity Plan 

 

	 	(v)	 a reference to these Plan Rules or a clause means these Plan Rules or the clause as amended from time to time
in accordance with these Plan Rules; 

  

	 	(vi)	 a reference to a rule, statute, or other law includes regulations and other instruments under it and
consolidations, amendments, re-enactments or replacements of any of them; and 

  

	 	(vii)	 a reference to a person includes a reference to the person’s legal personal representatives, executors,
administrators and successors, a firm or a body corporate. 

  

	 	(b)	 In these Plan Rules unless the contrary intention appears, if the day on or by which anything is to be done is
not a Business Day, then that thing must be done on or by the next Business Day. 

  

 

	4.	 Grant and forfeiture of Equity Rights 

 

	4.1	 Offer of Equity Rights 

 

	 	(a)	 The Board may determine to offer an award of Equity Rights to an Eligible Employee from time to time
(Offer). 

  

	 	(b)	 In relation to any Offer: 

 

	 	(i)	 the number of Equity Rights to be offered, and the terms on which they are offered, will be determined by the
Board; 

  

	 	(ii)	 subject to clause 4.1(b)(iv), Equity Rights will be offered to the Eligible Employee on the Effective Date;

  

	 	(iii)	 the Eligible Employee will be notified in writing by the CEO or the CEO’s delegate of the number of Equity
Rights which have been offered to the Eligible Employee and the terms applicable to those Equity Rights; and 

  

	 	(iv)	 the Board may determine that Equity Rights additional to those offered pursuant to clause 4.1(b)(i) may be
offered to an Eligible Employee and may specify the commencement date that applies to those Equity Rights (and such commencement date will be deemed to be the Effective Date for the purposes of determining the Vesting Date and the Qualifying Service
Period). 

  

	4.2	 Acceptance and revocation 

 

	 	(a)	 Acceptance of an Offer under the Plan must be made in accordance with the instructions that accompany the
Offer, or in any other way the Board determines. 

  

	 	(b)	 Upon receipt of notification of the Offer pursuant to clause 4.1(b)(iii), each Eligible Employee will be deemed
to have: 

  

	 	(i)	 accepted the Offer on the date specified in the notification of the Offer; 

 

	 	(ii)	 agreed to be bound by: 

 

	 	(A)	 the terms set out in the Offer; 

  
  

			
	 October 2022
	  	6

 Woodside Equity Plan 

 

	 	(B)	 the provisions of these Plan Rules; and 

 

	 	(C)	 the provisions of the Trust Deed (where applicable); and 

 

	 	(iii)	 agreed to become a member of the Company and to be bound by the Constitution upon allocation to the Eligible
Employee of any Share under the Plan, 

 and will be granted the Equity Rights referred to in the Offer, as at the
Effective Date. 
  

	 	(c)	 Nothing limits the Board’s ability to treat the conduct of an Eligible Employee in respect of an Offer
(including the failure of an Eligible Employee to lodge an election not to participate within the time specified in the instructions accompanying the Offer) as valid acceptance of that Offer under these Rules. 

 

	 	(d)	 The Board may revoke an Offer given to an Eligible Employee prior to the date specified for the acceptance of
the Offer or the grant being made, whichever is later, and such Offer will be deemed never to have been made. 

  

	4.3	 Forfeiture of Equity Rights 

An Eligible Employee shall immediately forfeit all unvested Equity Rights, and all entitlements, benefits and rights attaching to those Equity
Rights, upon the occurrence of a Forfeiture Event at any time during the Vesting Period as may be applicable to any such unvested Equity Rights. Forfeited Equity Rights shall immediately lapse. 

 

	4.4	 Offer terms and conditions take precedence 

 

	 	(a)	 To the extent of any inconsistency, the terms and conditions advised to an Eligible Employee in an Offer will
prevail over any other provision of these Plan Rules. 

  

	 	(b)	 Where the Board exercises its power under clauses 11.1(d) or 11.1(e) with respect to a particular jurisdiction,
to the extent of any inconsistency, the terms or arrangements determined under clauses 11.1(d) or 11.1(e) will prevail for Eligible Employees in that jurisdiction over anything else in these Plan Rules as they apply to Eligible Employees in other
jurisdictions. 

  
  

	5.	 Entitlements of Equity Rights 

 

	5.1	 Entitlement to Share or Cash Amount 

Subject to clause 6, the grant of an Equity Right to an Eligible Employee in accordance with clause 4.2(a) entitles the Eligible Employee, upon
vesting of that Equity Right: 
  

	 	(a)	 to the allocation of a Share; or 

 

	 	(b)	 where the Board determines, to payment of the Cash Amount, 

in accordance with the Offer, the Trust Deed (where applicable) and these Plan Rules. 

  
  

			
	 October 2022
	  	7

 Woodside Equity Plan 

 

	5.2	 No consideration 

An Eligible Employee is not required to pay any consideration to the Company: 

 

	 	(a)	 for the offer or grant of an Equity Right; 

 

	 	(b)	 on vesting of an Equity Right; or 

 

	 	(c)	 on allocation of an Equity Right Share. 

 

	5.3	 No interest or right until Allocation Date 

Until the Allocation Date (as applicable to an Equity Right) and subject to the terms of the Offer, the Trust Deed (where applicable) and these
Plan Rules, such Equity Right confers no: 
  

	 	(a)	 right to receive any dividend or other payment; or 

 

	 	(b)	 interest in, or right to receive any distribution or exercise any right (including any right to vote) in
respect of, any Shares. 

  

	5.4	 No entitlement until grant 

An Eligible Employee has no entitlement to Equity Rights unless and until they are granted under clause 4.2(a). 

 
  

	6.	 Vesting of Equity Rights 

 

	6.1	 Vesting Date 

  

	 	(a)	 The number of Equity Rights that will vest to an Eligible Employee under each Offer is to be determined in
accordance with this clause 6 (Vesting Equity Rights). 

  

	 	(b)	 Subject to a Forfeiture Event not having occurred, in respect of each Offer, the Vesting Equity Rights will
vest to an Eligible Employee on the applicable Vesting Date and the Eligible Employee will be deemed to have exercised the Eligible Employee’s right to be allocated an Equity Right Share in respect of that Vesting Equity Right.

  

	6.2	 Calculation of Vesting Equity Rights 

The number of Vesting Equity Rights which shall vest to an Eligible Employee on the applicable Vesting Date shall be calculated in accordance
with the following formula: 
  
  
 

 
 Where: 

VER means the number of Vesting Equity Rights 

Qualifying Service Period is defined in clause 3 

Vesting Period is defined in clause 3 

ER means, in respect of each Offer, the number of Equity Rights the subject of the Offer and held by the Eligible Employee as at the
relevant Vesting Date (being those Equity Rights granted to an Eligible Employee under that Offer pursuant to clause 4.2(a) subject to any adjustment in accordance with clause 10) 

  
  

			
	 October 2022
	  	8

 Woodside Equity Plan 

 

 The VER will be adjusted pro rata for any period in the relevant Qualifying Service Period
for which an Eligible Employee is employed on less than a full time basis. 
 Any fractions resulting from the above formula are to be
rounded down to the nearest whole number. 
  

	6.3	 Equity Right Share Allocation 

 

	 	(a)	 Subject to the ASX Listing Rules, the Corporations Act, the Securities Dealing Policy, the U.S. Securities Act
of 1933, the U.S. Securities Exchange Act of 1934 and any other applicable legislative or regulatory obligation, where a Vesting Equity Right is to be satisfied by the allocation of a Share in accordance with these Plan Rules, the Company must
procure the allocation within 14 days of the Vesting Date. 

  

	 	(b)	 Equity Right Shares will rank pari passu with all existing Shares from the Allocation Date and will be entitled
in full to those dividends which have a record date for determining entitlements on or after the Allocation Date. 

  

	 	(c)	 On and from the Allocation Date, each Eligible Employee shall subject to the terms of any Trust Deed (where
applicable): 

  

	 	(i)	 be the beneficial owner of those Equity Right Shares; and 

 

	 	(ii)	 have the right to exercise all voting rights and otherwise deal with those Equity Right Shares.

  

	 	(d)	 Nothing shall entitle an Eligible Employee to the allocation of Shares with respect to any Equity Rights if
that allocation would, in the opinion of counsel for the Company, constitute a violation of applicable laws or regulations. In that case, the Company may elect to: 

 

	 	(i)	 satisfy the Equity Right in cash in accordance with clause 6.4; or 

 

	 	(ii)	 defer the allocation until such time as it may, in the opinion of counsel for the Company, be done without
violation of applicable laws or regulations. 

  

	 	(e)	 Eligible Employees for whom the relevant Offer is identified as not being made under a registration statement
under the U.S. Securities Act of 1933 acknowledge that the securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to a U.S person unless registered under the U.S. Securities
Act of 1933 or an exemption from registration is available. Accordingly, each such Eligible Employee agrees, during the 40 days after the Allocation Date, not to deposit the allocated Shares for American Depositary Shares and not to sell the
allocated Shares during that period to a U.S person or for the account or benefit of a U.S person. This paragraph does not prohibit the sale of the allocated Shares during that period through the facilities of the ASX or other non-U.S. exchange on which the ordinary shares of the Company are then listed. 

  
  

			
	 October 2022
	  	9

 Woodside Equity Plan 

 

	6.4	 Cash Amount 

  

	 	(a)	 Where the Vesting Equity Right is to be satisfied by payment of an amount of cash in accordance with clause
5.1, that amount (Cash Amount) shall be determined by applying the following formula: 

 CA
=    VWAP × ER 
 Where: 

CA is the Cash Amount 

VWAP means the market value of a Share as determined by the weighted average of the prices at which the Company’s Shares were
traded on the ASX during the five Business Days prior to the Allocation Date 
 ER means, in respect of each Offer, the number of
Vesting Equity Rights the subject of the Offer and held by the relevant Eligible Employee as at the relevant Vesting Date (being those Equity Rights granted to an Eligible Employee under the Offer pursuant to clause 4.2(a) subject to any adjustment
in accordance with clause 10) 
  

	 	(b)	 The Company must pay a Cash Amount within 30 days of the Vesting Date. 

 

	6.5	 Discretion of CEO 

Subject to any direction to the contrary from the Board and clause 6.6, and notwithstanding any other term of these Plan Rules, on the
occurrence of a Terminating Event, the CEO may determine that any Equity Rights held by an individual Eligible Employee may vest at a time other than the relevant Vesting Date. In such case, references to the “Vesting Date” for the
purposes of these Plan Rules in respect of those Equity Rights is to be a reference to the date determined by the CEO (except in respect of the formula under clause 6.2, which will continue to refer to the ordinary Vesting Date for the Equity Rights
for purposes of determining the applicable Vesting Period). 
  

	6.6	 Termination payment 

In the case of termination or retirement of an Eligible Employee, including the occurrence of any Terminating Event, the maximum termination
payment that will be made to the Eligible Employee is, to the extent that such payment is subject to the maximum payment cap provided by the Corporations Act (Chapter 2D, Part 2D.2) for payment of benefits on termination or retirement without
shareholder approval (Termination Benefit Cap), limited to the Termination Benefit Cap. 
  

 

	7.	 Change of Control 

If: 
  

	 	(a)	 as a result of a Takeover Bid or as a result of an acquisition approved by a resolution of shareholders
pursuant to section 611 item 7 of the Corporations Act (or any replacement provision) one person (by themselves, or together with persons who are their associates for the purposes of Chapter 6 of the Corporations Act) becomes, whether directly or
indirectly, legally or beneficially entitled to 50% or more of the share capital of the Company; 

  

	 	(b)	 a Scheme of Arrangement in respect of the Company is approved by shareholders of the Company; or

  
  

			
	 October 2022
	  	10

 Woodside Equity Plan 

 

	 	(c)	 the Company passes a resolution for voluntary winding up or an order is made for the compulsory winding up of
the Company, 

 (each a “Change of Control Event”) then, in relation to each Offer, the relevant Vesting
Date shall be the date on which the Change of Control Event occurs and the Vesting Period shall be the period commencing on the relevant Effective Date and ending on the date on which the Change of Control Event occurs. 

 
  

	8.	 Transfer, assignment, hedging and dealing with Equity Rights 

 

	 	(a)	 Equity Rights are personal to the Eligible Employee and an Eligible Employee must not sell, assign, transfer,
dispose, grant any security interest (including any “security interest”, as defined in the Personal Property Securities Act 2009 (Cth)) over or otherwise deal with an Equity Right or any legal or equitable interest in any Equity Right,
except to the extent necessary to enable the Legal Personal Representative of a deceased Eligible Employee to receive rights which would otherwise have accrued to that Eligible Employee, in accordance with these Plan Rules. 

 

	 	(b)	 Eligible Employees must not enter into any transaction which would have the effect of hedging or otherwise
transferring to any other person the risk of any fluctuation in the value of their entitlements under this Plan. 

  

 

	9.	 Quotation of Equity Rights and Shares 

Equity Rights will not be quoted on the ASX or any other stock exchange. The Company will make an application to the ASX for official quotation
of the ordinary shares, if any, issued as a consequence of the vesting of Equity Rights as soon as practicable after the Shares are issued. The Company will make a supplemental listing application to the New York Stock Exchange for listing of the
American Depositary Shares, if any, issued as a consequence of the vesting of Equity Rights in accordance with the rules of that stock exchange. 
  

 

	10.	 Participation in future issues 

 

	10.1	 Bonus issues 

If: 
 the Company makes a bonus
issue of Shares or other securities pro rata to holders of Shares (other than an issue in lieu or in satisfaction of dividends or by way of dividend reinvestment) where the record date for determining entitlements to the bonus issue is prior to the
Vesting Date for an Offer, then the number of Equity Rights which an Eligible Employee is granted under that Offer, will be adjusted in accordance with the following formula: 

ER = N + (N x R) 
 where:

  

	 	ER =	 The adjusted number of Equity Rights which the Eligible Employee holds in respect of the applicable Offer after
the bonus issue 

  
  

			
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	  	11

 Woodside Equity Plan 

 

	 	N =	 The Equity Rights which have been granted to the Eligible Employee pursuant to the applicable Offer (subject to
any adjustment in accordance with clause 10 prior to the relevant bonus issue) 

  

	 	R =	 The number of Shares (including fractions) offered under the bonus issue for each Share held

 For the avoidance of doubt, an adjustment will be made in relation to Equity Rights awarded under each Offer. 

 

	10.2	 Rights issues 

If the Company makes an offer of Shares pro rata to all or substantially all holders of Shares (whether or not an issue in lieu or in
satisfaction of dividends or by way of dividend reinvestment) then an Eligible Employee’s rights attaching to an Equity Right will not be changed. 
  

	10.3	 Reconstruction 

 

	 	(a)	 Subject to clause 10.3(b), in the event of any reconstruction of the issued ordinary capital of the Company
where the record date for such reconstruction is prior to the relevant Vesting Date for an Offer, the number of Equity Rights under that Offer will be adjusted in the manner specified in this clause 10.3(a) or such manner as specified by the Board.

  

	 	(i)	 The reconstruction will not result in any additional benefits being conferred on Eligible Employees which are
not conferred on shareholders of the Company (subject to the same provisions with respect to rounding of entitlements as sanctioned by the meeting of shareholders approving the reconstruction of capital). 

 

	 	(ii)	 In the event of any consolidation or sub-division of Shares or
reduction or cancellation of capital then the adjustment will be determined by the following formulae: 

  

	 	(A)	 Consolidation; and 

  

	 	(B)	 Subdivision: 

 

							
	S =  	  	C x	 	 B
	  	
	 	A	  	

  

	 	(C)	 Reduction of capital by return of Share capital: 

S = C 
  

	 	(D)	 Reduction of capital by cancellation of ordinary Shares that is either lost or not represented by available
assets: 

 S = C 
  

	 	(E)	 Pro rata cancellation of fully paid ordinary Shares (not within (C) or (D)): 

 

							
	S =  	  	C x	 	 B
	  	
	 	A	  	

  
  

			
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 Woodside Equity Plan 

 

 Where for the purposes of this clause 10.3: 

 

	 	A =	 The total number of Shares on issue before the capital reconstruction; 

 

	 	B =	 The total number of Shares on issue after the capital reconstruction; 

 

	 	C =	 The number of Equity Rights which the Eligible Employee holds before the reconstruction; 

 

	 	S =	 The number of Equity Rights which the Eligible Employee holds after the reconstruction. 

 

	 	(b)	 If there is a reorganisation (including consolidation, sub-division,
reduction or return) of the issued share capital of the Company, the number of Equity Rights to which each Eligible Employee is entitled will be changed to the extent necessary to comply with the ASX Listing Rules applying to a reorganisation of
capital at the time of the reorganisation. 

  

	10.4	 Notice of adjustment 

The Company must give notice to each Eligible Employee of any adjustment to the rights attaching to their Equity Rights in accordance with the
ASX Listing Rules. 
  
  

	11.	 Administration of the Plan 

 

	11.1	 Administration 

The Board may: 
  

	 	(a)	 manage and administer this Plan for the Company and has all powers necessary to do so, including the power to
engage third parties (including plan administrators, custodians and/or nominees) for the purpose of administering the Plan; 

  

	 	(b)	 establish a Trust for the purposes of delivering and holding shares on behalf of Eligible Employees upon the
vesting of Equity Rights; 

  

	 	(c)	 subject to clause 14.1, from time to time make regulations and determine procedures for the proper and
efficient administration and implementation of the Plan; 

  

	 	(d)	 adopt additional rules or terms of an Offer in any jurisdiction in which the Plan is operated, having regard to
any securities, exchange control, taxation or other laws or any other matter that the Board considered directly or indirectly relevant; and 

  

	 	(e)	 adopt additional rules or terms of an Offer in respect of an Eligible Employee who is an International
Assignee, having regard to any securities, exchange control, taxation or other laws or any other matter that the Board considered directly or indirectly relevant. 

  
  

			
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 Woodside Equity Plan 

 

 Where the Board exercises its discretion under clause 11.1(d) or 11.1(e), the remaining
provisions of the Plan and Offer will apply to the extent they are not inconsistent with the additional rules or terms determined by the Board. 
  

	11.2	 Board and CEO discretion 

 

	 	(a)	 Where the Board or the CEO has power to make any decision under these Plan Rules, that decision may be made in
its or their absolute discretion, subject only to these Plan Rules, the ASX Listing Rules and the law. 

  

	 	(b)	 Any power or discretion which is conferred on the Board or the CEO by these Plan Rules must, subject to clause
11.3, be exercised by the Board or the CEO (as applicable) in the interests or for the benefit of the Company, and the Board or the CEO (as applicable) are not, in exercising any power or discretion, under any fiduciary or other obligation to any
other person. 

  

	11.3	 Delegation to Committee or CEO 

 

	 	(a)	 The Board may delegate such functions and powers as it considers appropriate for the administration of this
Plan to the Human Resources & Compensation Committee (or its equivalent) from time to time or to the CEO. The Board may direct the Human Resources & Compensation Committee or the CEO how to exercise any discretion under these Plan
Rules and the Human Resources & Compensation Committee or the CEO (as applicable) must comply with any such direction of the Board. 

  

	 	(b)	 Subject to any direction to the contrary from the Board, the Human Resources & Compensation Committee
is delegated the authority to, for and on behalf of the Board: 

  

	 	(i)	 exercise the powers in clause 4.1(b)(iv) where the relevant Eligible Employee reports directly to the CEO;

  

	 	(ii)	 for the purposes of the definition of “Forfeiture Event” in clause 3, make a determination under
paragraphs (iii) and (v) where the relevant Eligible Employee reports directly to the CEO; and 

  

	 	(iii)	 for the purposes of the definition of “Terminating Event” in clause 3, make a determination with
respect to the circumstances in which a Terminating Event will arise in respect of an Eligible Employee who reports directly to the CEO. 

  

	 	(c)	 Subject to any direction to the contrary from the Board, the CEO is delegated the authority to, for and on
behalf of the Board: 

  

	 	(i)	 exercise the powers in clause 4.1(b)(iv) where the relevant Eligible Employee does not directly report to the
CEO; 

  

	 	(ii)	 exercise the powers in clause 11.1; 

 

	 	(iii)	 for the purposes of the definition of “Forfeiture Event” in clause 3, make a determination under
paragraph (iii) and (v) where the relevant Eligible Employee does not directly report to the CEO; 

  

	 	(iv)	 for the purposes of the definition of “Terminating Event” in clause 3, make a determination with
respect to the circumstances in which a Terminating Event will arise in respect of an Eligible Employee who does not directly report to the CEO; and 

  
  

			
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 Woodside Equity Plan 

 

	 	(v)	 make a determination with respect to the commencement date of the “Qualifying Service Period” for the
purposes of the definition of “Qualifying Service Period” in clause 3. 

  

	11.4	 Interpretation of Plan 

Any decision of the Board or the Human Resources & Compensation Committee or the CEO, as the case may be, on any question of fact or
opinion in applying or interpreting these Plan Rules is final and binding. 
  

	11.5	 Dispute 

Any dispute or difference of any kind arising in relation to this Plan must be referred to the Board or, if the Board so directs, the Human
Resources & Compensation Committee or the CEO. The decision of the Board or the Human Resources & Compensation Committee or the CEO (as applicable) on that dispute or difference is final and binding on each Eligible Employee and
each company within Woodside. 
  

	11.6	 Failure to give notice 

Any failure to give notice or other communication under or in connection with the Plan will not affect any rights or entitlements of an
Eligible Employee or Woodside under or in connection with the Plan. 
  

	11.7	 Data Protection 

 

	 	(a)	 Subject to any applicable laws, by participating in the Plan, the Eligible Employee consents to the holding and
processing of personal data provided by the Eligible Employee to Woodside, the Plan administrator or any Trustee, custodian or nominee, for all purposes with regard to the operation of the Plan. These include, but are not limited to:

  

	 	(i)	 administering and maintaining Eligible Employee records; 

 

	 	(ii)	 providing information to any Trustee, registrars, brokers, printers or third party administrators of the Plan;

  

	 	(iii)	 providing information to any regulatory authority (including the Australian Tax Office) where required under
law; and 

  

	 	(iv)	 providing information to future purchasers of a Woodside company or the business in which the Eligible Employee
works. 

  

	 	(b)	 By participating in the Plan and allowing Woodside to grant Equity Rights under the Plan, the Eligible
Employee: 

  

	 	(i)	 acknowledges that Woodside, the Plan administrator and/or any Trustee, custodian or nominee may be required or
authorised to collect the personal data under laws including the Income Tax Assessment Act 1997 (Cth), the Taxation Administration Act 1953 (Cth) and the Corporations Act, and that limited details about shareholders are available to members of the
public on request; 

  

	 	(ii)	 confirms that they have reviewed the Privacy Policy and acknowledges that the Privacy Policy applies to
Woodside’s handling of their personal data and contains further details about the countries to which personal data may be disclosed, requesting access to and updating of personal data and how to raise queries and concerns; and

  
  

			
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 Woodside Equity Plan 

 

	 	(iii)	 agrees that if their personal data is disclosed to a third party in a country outside Australia, Woodside will
not be accountable under Australian privacy law for the conduct of the recipient in relation to that personal data, and the Eligible Employee may not be able to seek redress under Australian privacy law. 

 

	 	(c)	 Without limiting rules 11.7(a) or 11.7(b), by allowing Woodside to grant Equity Rights under the Plan, the
Eligible Employee agrees, subject to rule 11.7(d), to: 

  

	 	(i)	 the tax file number (TFN) they have provided to Woodside as an employee of the Woodside (where applicable)
being provided to any plan administrator, as agent for Woodside and also as administrator of the Plan; and 

  

	 	(ii)	 their TFN (where applicable) being provided to the Australian Taxation Office and any other regulatory
authorities as permitted under law. 

  

	 	(d)	 Rule 11.7(c) is voluntary and the Eligible Employee may notify Woodside if they wish to withdraw agreement to
that rule at any time. Eligible Employees who withdraw agreement from rule 11.7(c) may be subject to withholding tax deductions under the Taxation Administration Act 1953 (Cth). 

 

	11.8	 Overriding restrictions 

Nothing is to be done under the Plan if it would contravene the Corporations Act, the ASX Listing Rules, the U.S. Securities Act of 1933, the
U.S. Securities Exchange Act 1934 and any other applicable legislative or regulatory obligation, the Constitution or the Securities Dealing Policy. 
  

	11.9	 Manipulative action and contravention of Plan Rules 

If the CEO or the Board considers that any Eligible Employee has taken or is taking action which is in breach of this Plan, including but not
limited to, taking actions in breach of clause 8, the CEO or the Board (as applicable) may direct the taking of appropriate action to rectify the effect of the action, including declaring the action of the Eligible Employee to be a Forfeiture Event,
as well as the taking of disciplinary action against the relevant Eligible Employee. This clause does not limit any other power of the CEO or the Board in relation to the Plan or under any contract of employment. 

 
  

	12.	 Costs and expenses 

 

	12.1	 Establishment and acquisition costs 

The Company will pay or procure the payment of all costs and expenses in relation to the establishment, operation and administration of the
Plan, including but not limited to, the provision of funds as required for the: 
  

	 	(a)	 on-market purchase of Equity Right Shares; 

 

	 	(b)	 payment of subscription monies to the Company to subscribe for Equity Right Shares; and 

 

	 	(c)	 payment of any Cash Amount. 

  
  

			
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 Woodside Equity Plan 

 

	12.2	 Withholding Taxes 

 

	 	(a)	 Notwithstanding any other provisions of these Plan Rules, if Woodside, the Plan administrator or any Trustee,
custodian or nominee is obliged to pay Tax, or reasonably believes it may have a Tax obligation, as a result of or in connection with any: 

  

	 	(i)	 grant, vesting or other transaction or circumstance pertaining to Equity Rights; 

 

	 	(ii)	 allocation of Shares under the Plan; or 

 

	 	(iii)	 payment of any amounts including a Cash Amount, 

then Woodside, the Plan administrator, Trustee, custodian and/or nominee is entitled to withhold or be reimbursed by the Eligible Employee for
the Tax amount or amounts so paid or payable. 
  

	 	(b)	 Where rule 12.2(a) applies, Woodside, the Plan administrator, Trustee, custodian and/or nominee is not obliged
to grant any Equity Rights, to allocate Shares or to make a cash payment in accordance with these Plan Rules unless Woodside is satisfied that arrangements for payment or reimbursement of the Tax amounts referred to in rule 12.2(a) have been made.
Those arrangements may include, without limitation: 

  

	 	(i)	 the provision by the Eligible Employee of sufficient funds to reimburse Woodside, the Plan administrator,
Trustee, custodian and/or nominee for the amount (by salary deduction, reduction of any amount owed by Woodside to the Eligible Employee or otherwise); 

  

	 	(ii)	 the sale on behalf of the Eligible Employee of Shares allocated pursuant to these Plan Rules for payment or
reimbursement of these amounts, as well as the costs of any such sale; 

  

	 	(iii)	 a reduction in any amount payable to the Eligible Employee in lieu of an allocation of Shares under these Plan
Rules; 

  

	 	(iv)	 the Eligible Employee forgoing their entitlement to an equivalent number of Shares that would otherwise be
allocated to the Eligible Employee; or 

  

	 	(v)	 lapse or forfeiture of a sufficient number of Equity Rights to satisfy the debt the Eligible Employee owes to
Woodside, the Plan administrator, Trustee, custodian and/or nominee. 

  

	 	(c)	 Unless Woodside, the Plan administrator, Trustee, custodian and/or nominee (as applicable) is required or
determines to use a different valuation, any Equity Rights lapsed or forfeited (as applicable) under this rule will be valued at the VWAP (as defined in clause 6.4) on the date of lapse or forfeiture. 

 

	 	(d)	 Any amounts which are paid or payable for the purposes of the Plan are inclusive of Woodside’s compulsory
superannuation contribution (if applicable). 

  

	12.3	 Transaction costs 

The Company will pay or will procure the payment of all transaction costs (for example, brokerage, commission or stamp duty) in relation to the
allocation of Equity Right Shares to Eligible Employees or to the payment of any Cash Amount in accordance with the terms of the Plan. 

  
  

			
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 Woodside Equity Plan 

 

  

	13.	 Termination and suspension of the Plan 

 

	13.1	 Discretion of Woodside 

The Board may terminate or suspend the operation of the Plan at any time without notice to the Eligible Employees and in particular, must do so
where the operation of the Plan would contravene the Corporations Act, the ASX Listing Rules, the U.S. Securities Act of 1933, the U.S. Securities Exchange Act 1934 and any other applicable legislative or regulatory obligation, the Constitution or
the Securities Dealing Policy. 
  

	13.2	 Effect of termination or suspension 

Termination or suspension of the operation of this Plan will not affect any Equity Rights already allocated under the Plan, and the terms of
the Plan will continue to apply to such allocations as far as permitted by law. 
  

 

	14.	 Amendment of the Plan Rules 

 

	14.1	 Amendment 

  

	 	(a)	 Subject to clauses 14.1(c), 14.2 and 14.3, the Board may at any time by resolution amend these Plan Rules
(including this clause 14). An amendment may be retrospective in effect. 

  

	 	(b)	 The CEO may, pursuant to any authority delegated to him or her by the Board, make administrative changes to
these Plan Rules as required for the effective operation and administration of the Plan. 

  

	 	(c)	 Any amendment to the Plan Rules shall be subject to the limitations in clause 11.8. 

 

	14.2	 No reduction of existing rights 

Any amendment to the provisions of these Plan Rules must not materially reduce the rights of any Eligible Employee as they existed before the
date of the amendment, other than with the consent of the Eligible Employee or where the amendment is introduced primarily: 
  

	 	(a)	 for the purpose of complying with or conforming to present or future State, Territory or Commonwealth
legislation governing or regulating the maintenance or operation of the Plan or like plans; 

  

	 	(b)	 to correct any manifest error or mistake; 

 

	 	(c)	 for the purpose of enabling the Eligible Employees generally (but not necessarily each Eligible Employee) to
receive a more favourable taxation treatment in respect of their participation in the Plan; or 

  

	 	(d)	 to enable the Plan or any member of Woodside to comply with the Corporations Act, the ASX Listing Rules, the
U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, any other applicable laws or its constitution. 

  
  

			
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 Woodside Equity Plan 

 

	14.3	 Notice of amendment 

The Board must as soon as reasonably practicable give notice in writing of any amendment to these Plan Rules to any Eligible Employee affected
by it. 
  
  

	15.	 Notices and correspondence 

 

	15.1	 Instructions by Eligible Employees 

For the purposes of these Plan Rules, the Board, the Company, the CEO and the Human Resources & Compensation Committee (Relevant
Recipients) are entitled to regard any notice, consent, direction or other communication given or purported to be given by or on behalf of an Eligible Employee (or a Legal Personal Representative of an Eligible Employee) as valid, whether given
orally or in writing. 
  

	15.2	 Notices to Relevant Recipients 

Any notice, consent, direction or other communications given by or on behalf of an Eligible Employee (or a Legal Personal Representative of an
Eligible Employee) is deemed to have been duly given if: 
  

	 	(a)	 sent by electronic mail or delivered by hand; or 

 

	 	(b)	 sent by ordinary prepaid mail, 

and is deemed to have been served: 
  

	 	(c)	 if sent by electronic mail or delivered by hand, at the time of sending or delivery; or 

 

	 	(d)	 if posted, three Business Days (or, if posted by or on behalf of an Eligible Employee (or a Legal Personal
Representative of an Eligible Employee) from outside Australia, seven Business Days) after the date of posting. 

Delivery, transmission and postage is to be to the address (and marked to the attention of the person) specified in the notification pursuant
to clause 4.1(b)(iii) of these Plan Rules, or any other address as the Board or the CEO may notify from time to time. 
  

	15.3	 Notices to Eligible Employees 

Any notice, certificate, consent, direction, approval, waiver or other communications given by the Board, the Company, the CEO or the Human
Resources & Compensation Committee is deemed to have been duly given if: 
  

	 	(a)	 sent by electronic mail or delivered by hand; or 

 

	 	(b)	 sent by ordinary prepaid mail, 

and is deemed to have been served: 
  

	 	(c)	 if sent by electronic mail or delivered by hand, at the time of sending or delivery; or 

 

	 	(d)	 if posted, three Business Days (or, if posted to an Eligible Employee’s address outside Australia, seven
Business Days) after the date of posting. 

  
  

			
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 Woodside Equity Plan 

Delivery, transmission and postage is to be to the place of business at which the Eligible Employee performs the whole or substantially the
whole of the duties of his or her office of employment, the e-mail address of the Eligible Employee at such place of employment, or the last given address (or e-mail
address) notified by the Eligible Employee in accordance with clause 15.2. 
  

 

	16.	 Relationship of parties 

 

	16.1	 Principal 

Woodside acts as principal in the operation of the Plan and not as a fiduciary for any person or as a trustee for Eligible Employees. 

 

	16.2	 Eligible Employees’ rights 

These Plan Rules: 
  

	 	(a)	 do not give any person any right or basis of expectation of becoming an Eligible Employee;

  

	 	(b)	 do not give any Eligible Employee the right to continue as an employee of Woodside; 

 

	 	(c)	 do not affect any rights which Woodside may have to terminate the employment of an Eligible Employee; and

  

	 	(d)	 may not be used to increase damages in any action brought against Woodside in respect of that termination.

  
  

 

	17.	 Governing law 

The Plan is governed by the law in force in Western Australia and will be construed and take effect in accordance with those laws. 

  
  

			
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 Woodside Energy Group Ltd 

Supplement to Woodside Equity Plan for United States Participants 

 

	1.	 General. This supplement (“Supplement”) to the Woodside Equity Plan, as such plan may
be amended from time to time (the “Plan”), shall apply to Eligible Employees who are, in respect of Equity Rights, subject to taxation under the U.S. Internal Revenue Code of 1986, as amended (the “Code”). In the
event of any inconsistency between the Plan Rules and this Supplement, the terms and conditions of this Supplement shall control and govern Equity Rights granted to such Eligible Employees (the “U.S. Participants”), except to the
extent necessary to ensure that a U.S. Participant who is also subject to Tax under Australian law in respect of Equity Rights granted under the Plan is not subject to material adverse tax consequences under Australian law. Capitalized terms not
defined in this Supplement shall have the meaning given to such terms in the Plan Rules, the terms and conditions of which are herein incorporated by reference. 

 

	2.	 Eligible Employee. A U.S. Participant who is granted an Equity Right that may be settled in Shares may
include only an Eligible Employee who is an “employee” of the Company or any of its parents or subsidiaries within the meaning of General Instruction A.1(a) to Form S-8 promulgated by the U.S.
Securities and Exchange Commission (the “SEC”), or there is otherwise an exemption available from applicable registration requirements under United States law with respect to the issuance of such Equity Right and Shares to such
individual. 

  

	3.	 Vesting Period. The term “Vesting Period” shall mean, for each Offer to a U.S. Participant,
subject to clause 7 of the Plan Rules, a period commencing on the applicable Effective Date and ending on the Business Day immediately prior to the applicable Vesting Date (except in respect of the formula under clause 6.2 of the Plan Rules, which
will continue to refer to the ordinary Vesting Date for the Equity Rights for purposes of determining the applicable Vesting Period). 

  

	4.	 Entitlement to Shares. The vesting of an Equity Right held by a U.S. Participant will be satisfied by
the allocation of a Share unless the Board determines otherwise pursuant to clause 5.1(b) of the Plan Rules. 

  

	5.	 Vesting of Equity Rights upon a Terminating Event. Irrespective of clauses 6.1(b), 6.2, 6.3, 6.4 and 6.5
of the Plan Rules, but subject to clause 6.6 of the Plan Rules and clause 9 of this Supplement: 

  

	 	(a)	 in the event that a U.S. Participant incurs a Terminating Event prior to the applicable Vesting Date, then the
Vesting Equity Rights will vest to such U.S. Participant on the date of the Terminating Event and the U.S. Participant will be deemed to have exercised their right to be allocated an Equity Right Share in respect of that Vesting Equity Right;

  

	 	(b)	 the number of Vesting Equity Rights which shall vest to a U.S. Participant upon the Terminating Event in
accordance with clause (a) of this sentence shall be determined under clause 6.2 of the Plan Rules based on the applicable Vesting Date; and 

  

	 	(c)	 the Vesting Equity Rights that so vest in accordance with clause (b) of this sentence shall be satisfied
by an allocation and transfer of Equity Right Shares (or, if pursuant to clause 5.1(b) of the Plan Rules, the Vesting Equity Rights are to be satisfied by the payment of a Cash Amount pursuant to clause 6.4 of the Plan Rules, then such Cash Amount
shall be paid) to such U.S. Participant no later than 70 days after the date of the Terminating Event (which allocation and transfer date shall be considered the Allocation Date for purposes of the Plan Rules). 

  
  

			
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 Supplement to the 

Woodside Equity Plan 
 US Participants

 Notwithstanding the foregoing, clause 6 of the Plan Rules shall apply to a U.S. Participant who does not incur a Forfeiture Event or a
Terminating Event prior to the Vesting Date applicable to an Offer; provided, however, that the Vesting Equity Rights that so vest in accordance with clause 6 of the Plan Rules shall be satisfied by an allocation and transfer of Equity Right Shares
(or, if pursuant to clause 5.1(b) of the Plan Rules, the Vesting Equity Rights are to be satisfied by the payment of a Cash Amount pursuant to clause 6.4 of the Plan Rules, then such Cash Amount shall be paid) to such U.S. Participant no later than
70 days after the applicable Vesting Date (which allocation and transfer date shall be considered the Allocation Date for purposes of the Plan Rules). 
  

	6.	 The Trust. Notwithstanding any provision in the Plan Rules to the contrary, no Shares, cash or other
property shall at any time be funded or set aside (directly or indirectly) in the Trust or any other trust or similar arrangement with respect to any Equity Rights or Shares granted, allocated, issuable or issued to a U.S. Participant. Shares issued
in satisfaction of Equity Rights granted to a U.S. Participant shall be transferred by the Company to such U.S. Participant, and such Shares shall not be subject to the Trust Deed. References in the Plan Rules to the Trust, Trust Deed and Trustee
shall be disregarded for purposes of U.S. Participants. 

  

	7.	 Governing Tax Law. Equity rights granted to U.S. Participants generally shall be subject to the
requirements of the Code. 

  

	8.	 Termination of Employment. The employment of a U.S. Participant shall be considered terminated for
purposes of the Plan on the date such U.S. Participant incurs a “separation from service” with Woodside within the meaning of Section 409A of the Code, including the guidance and regulations promulgated thereunder
(“Section 409A”). 

  

	9.	 Section 409A. 

 

	 	(a)	 It is the general intention, but not the obligation of Woodside or any of its officers or directors, that
Equity Rights offered under the Plan to U.S. Participants comply with or be exempt from the limitations and requirements of Section 409A, and such Equity Rights will be administered and construed accordingly. The Board may adopt such additional
rules or provide for terms in an Offer that are inconsistent with or contrary to the requirements of the Plan Rules or this Supplement in providing for Offers and Equity Rights awarded to U.S. Participants that comply with or are exempt from the
limitations and requirements of Section 409A. Neither this clause 9 nor any other provision of the Plan Rules or this Supplement is or contains a representation to any U.S. Participant regarding the tax consequences of the grant, vesting,
exercise, settlement, or sale of any Equity Right (or the Shares underlying such Equity Right) granted under the Plan, and should not be interpreted as such. In no event shall Woodside be liable for all or any portion of any taxes, penalties,
interest, or other expenses that may be incurred by a U.S. Participant on account of non-compliance with Section 409A. The applicable provisions of Section 409A are hereby incorporated by reference
and shall control over any Plan Rules or Offer provisions in conflict therewith; provided, however, in the case of a U.S. Participant that is also subject to Tax under Australian law in respect of Equity Rights granted under the Plan, if the
applicable provisions of Section 409A are contrary to the provisions of the applicable tax laws of Australia, the more restrictive body of law shall control. Notwithstanding any provision of the Plan Rules or any Offer to the contrary, in the
event that following the Effective Date the Board determines that the related Offer may be subject to Section 409A, the Board may adopt such amendments to the Plan Rules and the applicable Offer or adopt other policies and procedures (including
amendments, policies, and procedures with retroactive effect), or take any other actions, that the Board determines are necessary or appropriate to (i) exempt the Offer from Section 409A and/or preserve the intended tax treatment of the
benefits provided with respect to the Offer, or (ii) comply with the requirements of Section 409A and thereby avoid the application of any additional taxes or interest under Section 409A. 

  
  

			
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	  	2

 Supplement to the 

Woodside Equity Plan 
 US Participants

  

	 	(b)	 To the extent that an Offer and the related Equity Rights granted to a U.S. Participant are subject to and not
exempt from the limitations and requirements of Section 409A (whether by reason of such U.S. Participant being eligible for vesting in such Equity Rights due to attainment of retirement eligibility under the Plan Rules, such Offer or related
documentation or some other reason), then the following shall apply: 

  

	 	(i)	 the term “total and permanent disablement” (as used in the definition of the term “Terminating
Event” under the Plan Rules) shall mean that such U.S. Participant is disabled within the meaning of Section 409A; 

  

	 	(ii)	 an event shall constitute a Change of Control Event under clause 7 of the Plan Rules only if such event also
constitutes a “change in control event” within the meaning of the regulations under Section 409A; and 

  

	 	(iii)	 in the event such U.S. Participant is a “specified employee” (as defined under Section 409A) and
becomes entitled to a payment under such Equity Rights (whether in Shares or cash) that would be subject to additional taxes and interest under Section 409A if such U.S. Participant’s receipt of such payment is not delayed until the
earlier of (A) the date of such U.S. Participant’s death or (B) the date that is six (6) months after such U.S. Participant’s “separation from service,” as defined under Section 409A (such earlier date, the
“Section 409A Payment Date”), then such payment shall not be provided to such U.S. Participant until the Section 409A Payment Date. 

Any amounts subject to subclause (iii) of the preceding sentence that would otherwise be payable prior to the Section 409A Payment
Date will be aggregated and paid in a lump sum without interest on the Section 409A Payment Date. 
  

	10.	 Conformity to Applicable Law. The Plan, this Supplement and each Offer to a U.S. Participant are
intended to conform to the extent necessary with all applicable laws, including, without limitation, the provisions of the U.S. Securities Act of 1933, as amended, and the U.S. Securities Exchange Act of 1934, as amended (the “Exchange
Act”), and any and all regulations and rules promulgated thereunder by the SEC, and state securities laws and regulations. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Equity Rights are granted,
with respect to U.S. Participants only in such a manner as to conform to applicable law. To the extent permitted by applicable law, the Plan, this Supplement and each Offer to a U.S. Participant shall be deemed amended to the extent necessary to
conform to applicable law. 

  

	11.	 Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of
the Plan Rules, this Supplement or any Offer, if a U.S. Participant is subject to Section 16 of the Exchange Act, then the Plan, this Supplement, the Equity Rights and the Offer 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 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent
permitted by applicable law, the Plan, this Supplement and the Offer shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

 

	12.	 Tax Withholding Matters. Any determination made pursuant to the Plan Rules to allow a U.S. Participant
who is subject to Rule 16b-3 of the Exchange Act to pay Tax with Shares through net settlement or previously owned Shares shall be approved by either the full Board or a committee of the Board made up of
solely two or more members who are each (a) a “non-employee director” within the meaning of Rule 16b-3(b)(3) of the Exchange Act, and (b)
“independent” under the listing standards or rules of the U.S. securities exchange upon which the Shares are traded, but only to the extent such independence is required in order to take the action at issue pursuant to such standards or
rules. If Tax withholding amounts are satisfied through net settlement or previously owned Shares pursuant to the Plan Rules, then the maximum number of Shares that may be so withheld or surrendered shall be the number of Shares that have an
aggregate fair market value on the date of withholding or surrender equal to the aggregate amount of such tax liabilities determined based on the greatest withholding rates for federal, state, foreign and/or local tax purposes, including payroll
taxes, that may be utilized without creating adverse accounting treatment for Woodside with respect to such Equity Rights, as determined by the Board. 

  
  

			
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 Supplement to the 

Woodside Equity Plan 
 US Participants

  

	13.	 Status under ERISA. The Plan shall not constitute an “employee benefit plan” for purposes of
Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended. 

  
  

			
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 Woodside Energy Group Ltd 

Supplement to Woodside Equity Plan for Canadian Participants 

This supplement (“Supplement”) to the Woodside Equity Plan, as such plan may be amended from time to time (the
“Plan”), shall apply to Eligible Employees who are, for purposes of the Income Tax Act (Canada) (the “Tax Act”), resident in Canada and/or who are granted Equity Rights in respect of or
by virtue of employment services rendered in Canada (each, a “Canadian Participant”). 
 In the event of any
inconsistency between the Plan Rules, as amended (the “Plan Rules”), any Offer, and this Supplement with respect to Equity Rights granted to Canadian Participants, the order of precedence of such documents for the
purposes of any such inconsistency shall be: the Offer, then this Supplement, then the Plan Rules, except to the extent necessary to ensure that a Canadian Participant who is also subject to Tax under Australian law in respect of Equity Rights
granted under the Plan is not subject to material adverse tax consequences under Australian law. 
 Capitalized terms not defined in this Supplement
shall have the meanings given to them in the Plan Rules, the terms and conditions of which are herein incorporated by reference. 
  

 

	1.	 Offer of Equity Rights. 

 

	 	(a)	 Unless otherwise specified in the applicable Offer, all grants of Equity Rights made on or after
September 1, 2022 to a Canadian Participant shall be granted as a bonus for services rendered by the Canadian Participant in the calendar year as contains the Effective Date (the “Service Year”). For greater certainty,
no such Equity Rights shall be granted to a Canadian Participant in lieu of, or as a replacement for, ordinary salary or wages of the Canadian Participant; and 

 

	 	(b)	 If specified in the applicable Offer, Equity Rights which are not in accordance with clause 1(a) of this
Supplement may be granted to a Canadian Participant, provided that any such Equity Rights shall be settled through the issuance from treasury of one fully paid Share on vesting. Notwithstanding clause 5.1(b) or any other provision of the Plan Rules,
the Board shall not have the discretion to satisfy a vested Equity Right granted pursuant to this clause 1(b) in cash. In any such case, references in the Plan Rules to a Cash Amount or an on-market purchase
of Equity Right Shares shall be disregarded for purposes of Canadian Participants.  

  

	2.	 Vesting Period. Notwithstanding anything to the contrary in clauses 6.5 or 7 or any other provision of
the Plan Rules, the Vesting Date for any Equity Rights granted to a Canadian Participant pursuant to clause 1(a) of this Supplement shall be no later than December 1st of the third calendar year
following the applicable Service Year. Notwithstanding clause 6.4(b) of the Plan Rules, all payments, whether in cash or in Shares, made in respect of an Equity Right granted pursuant to clause 1(a) of this Supplement shall be made no later than
December 15th of the third calendar year following the applicable Service Year. 

  

	3.	 Canadian Tax Treatment. It is the general intention, but not the obligation of Woodside or any of its
officers or directors, that: 

  

	 	(a)	 Equity Rights granted under the Plan to Canadian Participants pursuant to clause 1(a) of this Supplement be
exempted from the definition of “salary deferral arrangement” in the Tax Act by virtue of the exception in paragraph (k) of the definition thereof in subsection 248(1) of the Tax Act, and such Equity Rights will be administered and
construed accordingly; and 

  
  

			
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Canadian Participants 
  

	 	(b)	 Equity Rights granted under the Plan to Canadian Participants pursuant to clause 1(b) of this Supplement be
governed by section 7 of the Tax Act, and such Equity Rights will be administered and construed accordingly. 

 Neither
this clause 3 nor any other provision of the Plan Rules or this Supplement is or contains a representation to any Canadian Participant regarding the tax consequences of the grant, vesting, exercise, settlement, or sale of any Equity Right (or the
Shares underlying such Equity Right) granted under the Plan, and should not be interpreted as such. In no event shall Woodside be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by a Canadian
Participant in respect of the Equity Rights. In the case of a Canadian Participant who is also subject to Tax under Australian law in respect of Equity Rights granted under the Plan, if the applicable provisions of the Tax Act or this Supplement are
contrary to the provisions of the applicable tax laws of Australia, the more restrictive body of law shall control. 
  

	4.	 Eligible Employee. A Canadian Participant who is granted an Equity Right may include only an Eligible
Employee who is an employee of the Company or any of the Company’s related entities (as defined in National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators (“NI 45-106”)) and whose participation in the Plan is voluntary, or in respect of which Canadian Participant there is otherwise an exemption available from the prospectus requirement under applicable law in
Canada for the issuance of Equity Rights and Shares. 

  

	5.	 Vesting Period. The term “Vesting Period” shall mean, for each Offer to a Canadian
Participant, subject to clause 7 of the Plan Rules, a period commencing on the applicable Effective Date and ending on the Business Day immediately prior to the applicable Vesting Date (except in respect of the formula under clause 6.2 of the Plan
Rules, which will continue to refer to the ordinary Vesting Date for the Equity Rights for purposes of determining the applicable Vesting Period). 

  

	6.	 Vesting of Equity Rights upon a Terminating Event. Irrespective of clauses 6.1(b), 6.2, 6.3, 6.4 and 6.5
of the Plan Rules, but subject to clause 6.6 of the Plan Rules: 

  

	 	(a)	 in the event that a Canadian Participant incurs a Terminating Event prior to the applicable Vesting Date, the
Vesting Equity Rights will vest to such Canadian Participant on the date of the Terminating Event and the Canadian Participant will be deemed to have exercised their right to be allocated an Equity Right Share in respect of that Vesting Equity
Right; 

  

	 	(b)	 the number of Vesting Equity Rights which shall vest to a Canadian Participant upon the Terminating Event in
accordance with clause 6(a) of this Supplement shall be determined under clause 6.2 of the Plan Rules based on the applicable Vesting Date; and 

  

	 	(c)	 the Vesting Equity Rights that so vest in accordance with clause 6(b) of this Supplement shall be satisfied by
an allocation and transfer of Equity Right Shares (or, if pursuant to clause 5.1(b) of the Plan Rules for Equity Rights granted pursuant to clause 1(a) of this Supplement, the Vesting Equity Rights are to be satisfied by the payment of a Cash Amount
pursuant to clause 6.4 of the Plan Rules, then such Cash Amount shall be paid). 

 Notwithstanding the foregoing, clause 6
of the Plan Rules shall apply to a Canadian Participant who does not incur a Forfeiture Event or a Terminating Event prior to the Vesting Date applicable to an Offer; provided, however, that the Vesting Equity Rights that so vest in accordance with
clause 6 of the Plan Rules shall be satisfied by an allocation and transfer of Equity Right Shares (or, if pursuant to clause 5.1(b) of the Plan Rules for Equity Rights granted pursuant to clause 1(a) of this Supplement, the Vesting Equity Rights
are to be satisfied by the payment of a Cash Amount pursuant to clause 6.4 of the Plan Rules, then such Cash Amount shall be paid). 

  
  

			
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 Supplement to the 

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Canadian Participants 
  

	7.	 The Trust. Notwithstanding any provision in the Plan Rules to the contrary, no Shares, cash or other
property shall at any time be funded or set aside (directly or indirectly) in the Trust or any other trust or similar arrangement with respect to any Equity Rights or Shares granted, allocated, issuable or issued to a Canadian Participant. Shares
issued in satisfaction of Equity Rights granted to a Canadian Participant shall be transferred by the Company to such Canadian Participant, and such Shares shall not be subject to the Trust Deed. References in the Plan Rules to the Trust, Trust
Deed, Plan Trustee, and Trustee shall be disregarded for purposes of Canadian Participants. 

  

	8.	 Participation in Future Issues. For Equity Rights granted pursuant to clause 1(b) of this Supplement,
all adjustments made to such Equity Rights under clause 10 of the Plan Rules shall, to the extent reasonably practicable, be made in accordance with the provisions of subsection 7(1.4) of the Tax Act. 

 

	9.	 Termination of Employment. The employment of a Canadian Participant shall be considered terminated for
the purposes of the Plan, and the Canadian Participant shall cease to be employed for purposes of the Plan, on the date that is the earlier of (i) the date of termination of employment designated by Woodside in the written notice of termination
delivered to the Canadian Participant by Woodside, and (ii) the date designated by the Canadian Participant in the written notice of resignation or termination of employment delivered to Woodside by the Canadian Participant; and for greater
certainty, “terminated” and “ceasing to be employed” (or any derivative or extension thereof) specifically do not include, and are not extended by, any period of notice of termination, or any period during which compensation or
other entitlement in lieu of notice of termination, is or may be required to be given to the Canadian Participant by Woodside, whether under contract, statute, common law, equity, or other under any other legal basis, ground or requirement.

  

	10.	 Conformity to Applicable Law. The Plan, this Supplement and each Offer to a Canadian Participant are
intended to conform to the extent necessary with all applicable laws, including, without limitation, the provisions of the Securities Act (Newfoundland and Labrador), as amended, and any and all regulations and rules promulgated thereunder
(including without limitation NI 45-106). Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Equity Rights are granted, with respect to Canadian Participants only in such
a manner as to conform to applicable law. To the extent permitted by applicable law, the Plan, this Supplement and each Offer to a Canadian Participant shall be deemed amended to the extent necessary to conform to applicable law.

  

	11.	 First Trades. The prospectus requirement under applicable law in Canada will not apply to the first
trade by a Canadian Participant of a Share allocated to such Canadian Participant in accordance with the Plan Rules if all of the following apply: 

  

	 	(a)	 at the time the Equity Rights were allocated to the Canadian Participant (the “distribution date”),
the Company was a “foreign issuer” (as defined in National Instrument 45-102 Resale of Securities of the Canadian Securities Administrators); 

 

	 	(b)	 the Company 

  

	 	i.	 was not a reporting issuer in any jurisdiction of Canada on the distribution date, or 

 

	 	ii.	 is not a reporting issuer in any jurisdiction of Canada on the date of the first trade by such Canadian
Participant; and 

  
  

			
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 Supplement to the 

Woodside Equity Plan 

Canadian Participants 
  

	 	(c)	 the first trade is made 

 

	 	i.	 through an exchange, or a market outside of Canada, or 

 

	 	ii.	 to a person or company outside of Canada. 

 

	12.	 Tax Withholding. In respect of any Equity Rights granted pursuant to clause 1(b) of this Supplement,
clauses 12.2(b)(iv) and (v) of the Plan Rules shall apply to a Canadian Participant only at the election of such Canadian Participant, provided that, if a Canadian Participant has not made arrangements, reasonably satisfactory to Woodside, for
payment or reimbursement of the Tax Amounts referred to in section 12.2 of the Plan Rules on or before the date that is five (5) days prior to the settlement of the Equity Rights, such Canadian Participant shall be deemed to have made an
election to rely on clauses 12.2(b)(iv) and/or (v) of the Plan Rules, as determined by Woodside. 

  
  

			
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	  	8

			
	 Acuerdo Complementario del Plan de

Acciones de Woodside aplicable para

participantes Mexicanos
	  	 Supplement to the Woodside Equity

Plan for Mexican participants

		
	 1.  Generalidades. El presente documento deberá ser considerado como el
acuerdo complementario (el “Acuerdo”) al Plan de Acciones de Woodside, (el “Plan”) mismo que podrá ser modificado de tiempo en tiempo por la Empresa a su entera discreción. El presente Acuerdo
será aplicable a los Empleados Elegibles que se encuentren contratados por una subsidiaria mexicana de la Compañía (los “Participantes Mexicanos”). En caso de cualquier inconsistencia entre las Reglas del Plan y
este Acuerdo, los términos y condiciones de este Acuerdo prevalecerán y regirán los derechos otorgados a los Participantes Mexicanos. Los términos en mayúsculas que no se definen en este Acuerdo tendrán el
significado que se les dé en las Reglas del Plan. El texto en idioma inglés es únicamente una referencia y la traducción puede ser inexacta, por lo que, en caso de controversia o mal entendido en la interpretación,
validez o aplicación de alguna disposición, prevalecerá la interpretación textual del lenguaje en idioma español.
	  	 1.  General. This supplement (the “Supplement”) to the
Woodside Equity Plan, as such plan may be amended from time to time (the “Plan”), shall apply to Eligible Employees who are employed by a Mexican subsidiary of the Company (the “Mexican Participants”). In the event
of any inconsistency between the Plan Rules and this Supplement, the terms and conditions of this Supplement shall control and govern Equity Rights granted to the Mexican Participants. Capitalized terms not defined in this Supplement shall have the
meaning given to such terms in the Plan Rules. The English text is for reference only and may be inaccurate in its translation, therefore in case of dispute or disagreement in the interpretation, validity or application of any provision set forth
herein, the Spanish language shall prevail.

		
	 2.  Entidad Patrona Mexicana. Cualquier subsidiaria mexicana con el
carácter de sociedad patrona de Participantes Mexicanos.
	  	 2.  Mexican Employer Entity. A Mexican subsidiary of the Company acting as
employer entity of Mexican Participants.

		
	 3.  Relación entre las partes. El Participante Mexicano reconoce y
acepta que cualquier beneficio otorgado bajo el Plan es otorgado como consecuencia de la relación laboral que existe exclusivamente entre la Entidad Patrona Mexicana y el Participante Mexicano por lo que, los beneficios que resulten bajo el
Plan no deberán ser interpretados como una consecuencia de la existencia de un vínculo o relación de trabajo alguna con otra entidad distinta a la Entidad Patrona Mexicana, siendo ésta la sociedad con quien el
Participante Mexicano celebró su contrato individual de trabajo y a quién presta sus servicios personales y subordinados.
	  	 3.  Relationship between the parties. The Mexican Participant acknowledges and
accepts that any benefit granted under the Plan is being provided as a consequence of the employment relationship which exists exclusively between the Mexican Employer Entity and the Mexican Participant. Therefore, the granting of any benefit under
the Plan shall not be deemed to be a consequence of the existence of an employment relationship with any entity other than the Mexican Employer Entity with which the Mexican Participant entered into his or her employment agreement and to which the
Mexican Participant renders his or her personal and subordinate services.

  
  

			
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 Supplement to the 

Woodside Equity Plan 

Mexican Participants 
  

			
	 Asimismo, el Participante Mexicano reconoce y acepta que cualquier referencia a la existencia de una relación de
trabajo en cualquier documentación relacionada con el Plan, se deberá considerar exclusivamente como la relación de trabajo existente entre la Entidad Patrona Mexicana y el Participante Mexicano.
	  	 Moreover, the Mexican Participant acknowledges and accepts that any reference to the existence of an employment
relationship in any documentation related to the Plan shall be considered exclusively as the existing employment relationship between the Mexican Employer Entity and the Mexican Participant.

		
	 4.  Naturaleza del Derecho de Participación. Cualquier Derecho de
Participación otorgado en términos del Plan no deberá ser considerado como un derecho adquirido de los Empleados Elegibles en términos de la legislación laboral mexicana. Cualquier beneficio bajo el Plan es
incierto, discrecional y depende del cumplimiento de ciertas condiciones, por lo que la existencia del Plan no constituye un beneficio permanente o continuo en favor de los Participantes Mexicanos.
	  	 4.  Non-Vested nature of Equity Rights.
Equity Rights should not be considered a vested right as provided under the Mexican labor and employment laws. Any benefits under the Plan are uncertain, discretionary and depend on the satisfaction of certain conditions, and, thus, the
existence of the Plan does not constitute a permanent or continuous benefit in favor of the Mexican Participant.

		
	 5.  Pena por demanda de exigibilidad en jurisdicción no aplicable. En
caso de que el Participante Mexicano presente una reclamación relacionada con los beneficios resultantes del Plan en una jurisdicción extranjera (e.g., jurisdicción Mexicana), el Participante Mexicano deberá pagar
todos los costos judiciales y honorarios legales en los que incurra la Entidad Patrona Mexicana y/o Woodside como resultado de dicha reclamación o demanda. En ese caso, el Participante Mexicano también estará obligado a
compensar a la Entidad Patrona Mexicana y/o a Woodside por cualquier daño o pérdida de ganancias sufrida como resultado de una resolución de dicha demanda en una jurisdicción diferente a la seleccionada bajo el
Plan.
	  	 5.  Penalty for enforcement of
non-applicable jurisdiction. If a Mexican Participant files a claim related to benefits resulting from the Plan in a foreign jurisdiction (e.g., Mexican jurisdiction), the Mexican Participant shall
pay for all judicial costs and legal fees incurred by the Mexican Employer Entity and/or Woodside as a result of such claim. Additionally, in such case, the Mexican Participant will also be obligated to compensate the Mexican Employer Entity and/or
Woodside for any damages or lost profits suffered as a result of a resolution of such claim in a jurisdiction that differs from the selected jurisdiction under the Plan.

  
  

			
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	  	10

 Supplement to the 

Woodside Equity Plan 

Mexican Participants 
  

			
	 6.  Impuestos. El Participante Mexicano reconoce que cualquier beneficio
otorgado al amparo del Plan estará sujeto a las disposiciones fiscales aplicables, incluyendo el Capítulo I del Título IV de la Ley del Impuesto sobre la Renta.
	  	 6.  Taxes. The Mexican Participant acknowledges that any benefit granted under
the Plan will be subject to applicable tax provisions, including Chapter I of Title IV of the Mexican Income Tax Law.

		
	 7.  Protección de datos personales. El Participante Mexicano reconoce
que Woodside será responsable del tratamiento de los datos personales que le proporcione al amparo del Plan, por lo que no resulta aplicable la normativa mexicana en materia de protección de datos.
	  	 7.  Protection of personal data. The Mexican Participant acknowledges that
Woodside will be responsible for the treatment of the personal data provided under the Plan, therefore, the Mexican regulations on data protection are not applicable.

  
  

			
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	  	11

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