Document:

EX-10.12

 Exhibit 10.12 
  

 
  

					
	Natalie Massenet	 		  	
			
	## ########## #######	 		  	  

			
	######	 		  	 PRIVATE & CONFIDENTIAL             

 

	### ###	 		  	

 15 August 2018 

Dear Natalie, 
 RE: CONSULTANCY AGREEMENT 

We are writing to confirm the terms of our agreement concerning the provision of your consultancy services to Farfetch UK Limited (Company). 

 

	1.	 Term 

You shall provide your services to the Company on the terms of this agreement from 1 August 2018 until terminated by either party giving
to the other not less than three months’ prior written notice, or as otherwise provided in this letter. 
  

	2.	 Duties 

  

	 	2.1.	 You shall provide the Services (as defined below) with all due care, skill and ability and use your reasonable
endeavours to promote the interests of the Company and its subsidiaries or holding companies from time to time and any subsidiary of any holding company from time to time (Group Company). The Services are: 

 

	 	a)	 discussing and inputting on overall strategy in general and also specifically on brand strategy ;

  

	 	b)	 discussing and inputting on innovation initiatives ; 

 

	 	c)	 being a brand ambassador at specific events ; 

 

	 	d)	 liaising, together with the CEO and CCO, with brands for specific Farfetch initiatives 

(Services). 
  

	 	2.2.	 With our prior written approval and subject to the following proviso, you may appoint a suitably qualified
substitute to perform the Services on your behalf, provided that the substitute shall be required to enter into direct undertakings and covenants with and provide indemnities to the Company, including with regard to confidentiality. If we accept the
substitute we will continue to pay you your fee as provided in clause 3.1 below and you shall be responsible for the remuneration of (and any expenses incurred by) the substitute. For the avoidance of doubt, you will continue to be subject to all
duties and obligations under this agreement for the duration of the appointment of the substitute. 

 

 
  

	 	2.3.	 You have no authority (and shall not hold yourself out as having authority) to bind the Company, unless we have
specifically permitted this in writing in advance. You shall comply with all reasonable standards of safety and comply with our health and safety procedures from time to time in force at the premises where the Services are provided and report to the
Company any unsafe work conditions or practices. 

  

	3.	 Fees and expenses 

 

	 	3.1.	 You shall be paid at a rate of US$120,000 per annum in respect of the Services. You will submit an invoice for
US$10,000 to the Company on a monthly basis in arrears. The Company will pay such invoices within 30 days of receipt. Should you wish to be paid in GBP you may inform the Company of that on your invoice and it will convert the relevant payment into
GBP at the rate applicable on the date of payment. That rate shall be Barclays’ spot rate for the purchase of GBP with USD at the time of deemed conversion. 

 

	 	3.2.	 The Company shall reimburse all expenses up to £1,000 incurred during any one day as necessary for the
proper performance of the Services within 30 days of receipt of your invoice and all relevant receipts. 

  

	 	3.3.	 We are entitled to deduct from any sums payable to you any undisputed sums that you may owe the Company or any
Group Company at any time. 

  

	4.	 Other activities 

 

	 	4.1.	 The Company acknowledges that you have business interests other than those of the Company. You may be engaged,
employed or concerned in any other business, trade, profession or other activity which does not place you in a conflict of interest with the Company or any Group Company or cause a breach of any of your obligations under this agreement.

  

	 	4.2.	 Should the parties agree that you are to perform projects, jobs or services outside the Services, the terms and
fee shall be agreed in the form of the Statement of Works attached as the Schedule to this agreement. 

  

	5.	 Confidential information and Company property 

 

	 	5.1.	 You shall not use for your own purposes or disclose to any person (other than in the proper performance of the
Services) either during or at any time after your engagement by the Company any Confidential Information about the business or affairs of the Company, Group Company or any of its or their business contacts, which may come to your knowledge in the
course of providing the Services. For the purposes of this Agreement, Confidential Information means any information or matter which is not in the public domain and which relates to the affairs or finances of the Company, any Group Company or any of
its or their business contacts, partners, customers, employees and shareholders. 

 

 
  

	 	5.2.	 You must as soon as reasonably practicable inform us if you become aware of the possession or use of any
Confidential Information by any person not authorised to possess or use it. 

  

	 	5.3.	 The restriction in clause 5.1 does not apply to: 

 

	 	a)	 any use or disclosure authorised in advance in writing by the Company or as required by law; or

  

	 	b)	 any information which is already in, or comes into, the public domain otherwise than through your unauthorised
disclosure; 

  

	 	c)	 any information that is trivial or which was already known to you prior to it being made available by the
Company. 

  

	 	5.4.	 All IT systems, hardware and software provided by the Company for your use (including mobile phones if provided
by the Company) remain the property of the Company. 

 

 
  

	6.	 Data protection 

 

	 	6.1.	 For the purposes of this clause 6, the following phrases shall have the following meanings:

  

	 	a.	 “Data Protection Legislation” means all applicable laws from time to time in force in England and
Wales on data protection, including but not limited to the Data Protection Act 1998, the Privacy and Electronic Communications (EC Directive) 2003, the General Data Protection Regulations (EU) 2016/679 and (once in force) the Data Protection Act
2018, as amended or updated from time to time; 

  

	 	b.	 “Personal Data” means data relating to any living individual who can be identified from that data, or
who can be identified from that data and any other data which is likely to come into the possession of the Company. 

  

	 	6.2.	 You acknowledge that for purposes of the Data Protection Legislation, the Company is a data controller.

  

	 	6.3.	 The Company will ensure that it has all necessary and appropriate consents and notices to enable you to process
Personal Data for the duration and purposes of this Agreement. 

  

	 	6.4.	 The Company will hold and process, both electronically and manually, Personal Data relating to you in
accordance with the Data Protection Legislation and the Company’s data protection policies for legal, administrative and management purposes, for insurance purposes and in order to comply with legal requirements and obligations to third
parties. This includes without limitation Personal Data including but not limited to your bank details, details in respect of payments and tax charges and deductions, terms and conditions of this and any previous contracts with the Company, contact
details and emergency contact details. The Company will continue to process personal data relating to you after termination of this agreement in accordance with the Company’s privacy policies, privacy notices and in accordance with the
Company’s document retention policy from time to time in force. 

 

 
  

	 	6.5.	 The Company may share your data internally, including with members of the finance or HR team, the head of
business area in which you work and IT staff if access to the data is necessary for performance of their roles, or such other relevant colleagues when this is in the interests of the Company. 

 

	 	6.6.	 The Company shall be entitled to make such information available to its advisors including insurers, insurance
brokers, accountants, auditors, lawyers, benefit providers, other brokers, caterers, and other third parties who provide products and/or services to the Company, as well as to regulatory authorities, governmental or quasi-governmental organisations
and potential purchasers of the Company or any part of its business. 

  

	 	6.7.	 The Company may appoint a third party as a third-party processor of Personal Data under this Agreement.

  

	 	6.8.	 The Company may transfer such information to the Company’s business contacts outside the European Economic
Area in order to further its business interests provided the following requirements are fulfilled: 

  

	 	a.	 appropriate safeguards have been provided in relation to the transfer; and 

 

	 	b.	 the Company complies with its obligations under the Data Protection Legislation by providing an adequate level
of protection to any Personal Data that is transferred. 

  

	 	6.9.	 Any press statements, marketing or publicity relating to your appointment and role with the Company and use of
your name, signature, likeness, image, voice, biography, achievements, endorsement or other personal identifiers by (or on behalf of) the Company will be subject to your prior express approval in writing and the Company will not publish, disclose or
use the same or any personal data or private information relating to you or your personal circumstances, other than to the extent expressly permitted hereunder and SAVE THAT the prohibitions in this clause 6.9 shall not include staff accurately
mentioning your involvement with the Company and its Group Companies or staff accurately responding to requests about your involvement with the Company or its Group Companies. 

 

	7.	 Intellectual property 

 

	 	7.1.	 For the purposes of this clause 7 the following expressions shall have the following respective meanings:

 “Intellectual Property Rights” means any and all existing and future intellectual or industrial property
rights in and to any Works (whether registered or unregistered) including all existing and future patents, rights to inventions, copyright and related rights, trade marks, trade names and domain names, rights in
get-up, rights in goodwill or to sue for passing off, rights in designs, rights in computer software, database rights, rights in Confidential Information 

 

 
  

 
(including know-how and trade secrets) and any other intellectual property rights and including all applications (or rights to apply) for, and renewals or
extensions of, such rights and all similar or equivalent rights or forms of protection which may now or in the future subsist in any part of the world; and 

“Works” means all records, reports, documents, papers, drawings, designs, transparencies, photos, graphics, logos, typographical
arrangements, software programs, inventions, ideas, discoveries, developments, methodologies, confidential information, improvements or innovations and all materials embodying them (in whatever form, including but not limited to hard copy and
electronic form) in the course of your provision of the Services either alone or with any other person that relate to the Business and/or the expansion thereof. 

“Business” means: the business of aggregating multi-brand retailers stock via Farfetch.com and/or other domain(s) operated by the
Company and/or any Group Companies for that purpose; operating bricks-and-mortar stores; and/or software and technology development, research and services (including
without limitation, the Farfetch white-labelling service known as “Black & White Solutions” and the Farfetch Augmented Retail and “Store of the Future” initiatives) for the luxury market and/or any other business
conducted by the Company and/or any of its Group Companies during the provision by you of the Services. 
  

	 	7.2.	 All Intellectual Property Rights shall belong to the Company. To the extent that any Intellectual Property
Rights do not vest in the Company on their coming into existence, you hereby assign to the Company all existing and future Intellectual Property Rights arising from the Services for the Company and such Intellectual Property Rights shall be the
Company’s absolute property worldwide. You agree promptly (at Company’s expense) to execute all documents and do all acts as may, in the opinion of the Company, be necessary to give effect to this clause 7. 

 

	 	7.3.	 You hereby irrevocably waive all moral rights under the Copyright, Designs and Patents Act 1988 (and all
similar rights in other jurisdictions) which you have or will have in the Works including the right transferred by section 77 to be identified as the author of the Works and the right conferred by section 80 not to have any Works subject to
derogatory treatment and you agree not to support, maintain or permit any claim for infringement of moral rights in such Works. 

  

	 	7.4.	 You acknowledge that no further remuneration or compensation other than that provided for in this agreement is
or may become due to you in respect of the performance of your obligations under this clause 7. 

 

 
  

	 	7.5.	 Nothing in this Agreement shall prevent you from using the residual knowledge, skills or experience acquired by
you as a result of your engagement hereunder. Other than to the extent expressly agreed in this Clause 7 no other right, title or interest in any Intellectual Property Rights shall be transferred from you to the Company as a result of you entering
into this Agreement and performing the Services. 

  

	8.	 Termination 

  

	 	8.1	 Notwithstanding clause 1, the Company may at any time terminate your engagement with immediate effect with no
liability to make any further payment to you (other than in respect of any accrued fees or expenses at the date of termination) if: 

  

	 	a)	 you are in material breach of any of your obligations under this agreement which, in the case of a breach
capable of remedy, is not remedied by you within 14 days of receipt by you of a notice from the Company specifying the breach and requiring it to be remedied; 

 

	 	b)	 without good reason, you refuse or neglect to comply with any reasonable and lawful directions of the Company;

  

	 	c)	 other than as a result of illness or accident, after notice in writing, you fail to remedy any default in
providing the Services having been given a reasonable opportunity to improve; 

  

	 	d)	 you commit any act of gross misconduct; 

 

	 	e)	 you are convicted of any criminal offence (other than an offence under any road traffic legislation in the
United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed) or are disqualified from acting as a director of a company or restricted from involvement in the management of any business;

  

	 	f)	 you are negligent and incompetent in the performance of the Services; 

 

	 	g)	 you are guilty of any fraud or dishonesty or act in any manner which brings or is likely to bring the Company
or any Group Company into disrepute or is materially adverse to the interests of the Company or any Group Company; or 

  

	 	h)	 you commit any offence under the Bribery Act 2010 or fail to comply with any obligations provided under the
Modern Slavery Act 2015. 

  

	 	8.2	 Notwithstanding clause 1, you may at any time terminate your engagement with immediate effect with no liability
to the Company if: 

  

	 	a)	 the Company is in material breach of any of its obligations under this agreement which, in the case of a breach
capable of remedy, is not remedied by it within 14 days of receipt by you of a notice from you specifying the breach and requiring it to be remedied; or 

  

	 	b)	 the Company or any Group Company acts in any manner which brings or is likely to bring you into disrepute.

 

 
  

	 	8.3	 The rights of the parties under this clause 8 are without prejudice to any other rights that either party might
have at law to terminate the engagement or to accept any breach of this agreement by the other party as having brought the agreement to an end. Any delay by either party in exercising their rights to terminate shall not constitute a waiver thereof.

  

	9.	 Obligations upon termination 

 

	 	9.1	 Any Company property and Confidential Information in your possession and any original or copy documents
obtained by you in the course of providing the Services shall be returned to the Company as soon as reasonably practicable on request and in any event upon the termination of this agreement. You also undertake to irretrievably delete any information
relating to the business of the Company or any Group Company stored on any magnetic or optical disk or memory storage device and all matter derived from such sources which is in your possession or under your control outside the premises of the
Company. 

  

	 	9.2	 Following termination of this Agreement, the Company will use reasonable endeavours to effect a prompt
redirection of personal email and post to you at your last known address. 

  

	 	9.3	 Clauses in this agreement which expressly or impliedly have effect after termination or expiration of this
agreement include, without limitation, clauses 5, 6, 7, 10, 11 and 12. 

  

	10.	 Restrictive covenants 

 

	 	10.1.	 You undertake to the Company (for itself and as trustee for each member of the Group) that, except as otherwise
agreed in writing with the Company, you will not, directly or indirectly, during, or for a period of 6 months from the termination of this Agreement, accept a directorship, or a similar function as agent, manager, consultant, partner, investor or
employee, in relation to any business or company (including a service company or other group company of a company) concerned in the ownership and/or operation of a multi-brand business engaged in the sale of online fashion with an average order
value equal or above USD$200. 

  

	 	10.2.	 You agree that you consider the undertaking in paragraph 10.1 above is reasonable and entered into for the
purpose of protecting the goodwill of the businesses of, and the legitimate commercial interests of the Group. 

  

	 	10.3.	 The undertaking in paragraph 10.1 above shall be enforceable by the Company for itself (and as trustee for each
member of the Group). 

 

 
  

	 	10.4.	 While you and the Company consider the restriction in paragraph 10.1 to be fair and reasonable in the
circumstances, it is agreed that if it is judged to be void or ineffective for any reason, but it would be treated as valid and effective if part of the wording was deleted, it shall apply with such modifications as necessary to make them valid and
effective. 

  

	11.	 Status 

  

	 	11.1.	 You will be an independent contractor and nothing in this agreement shall render you an employee, worker, agent
or partner of the Company and you shall not hold yourself out as such. 

  

	 	11.2.	 This agreement constitutes a contract for the provision of services and not a contract of employment and
accordingly you shall be fully responsible for and indemnify the Company or any Group Company against any liability, assessment or claim for: 

  

	 	a)	 income tax, National Insurance and social security contributions (and related interest, penalties, costs, gross-up and expenses) whatsoever arising from or made in connection with the performance of the Services, where such recovery is not prohibited by law; and 

 

	 	b)	 any employment-related claim or any claim based on worker status (including reasonable costs and expenses)
brought by you or any substitute appointed by you against the Company and/or any Group Company arising out of or in connection with the provision of the Services. 

The Company may satisfy such indemnity (in whole or in part) by way of deduction from any payment due to you. 

 

	12.	 Notices 

  

	 	12.1.	 Any notice given under this agreement shall be in writing and shall be served by delivering it personally, or
sending it by email. Notices to the Company must be addressed to José Neves. Any such notice shall be deemed to have been received: 

  

	 	a.	 if delivered personally or by courier, at the time of delivery; and 

 

	 	b.	 in the case of email, at the time of transmission or, if that is outside of business hours, 9am on the next
business day after transmission. 

 

 
  

	13.	 Entire agreement 

 

	 	13.1.	 Each party on behalf of itself acknowledges and agrees with the other party that: 

 

	 	a.	 this agreement together with any documents referred to in it constitutes the entire agreement and understanding
between you and the Company and any Group Company relating to the subject matter hereof and supersedes any previous arrangement, understanding or agreement between us relating to the engagement (which shall be deemed to have been terminated by
mutual consent) with no claims outstanding from either party; and 

  

	 	b.	 in entering into this agreement neither of us has relied on any
pre-contractual statement; and 

  

	 	c.	 the only remedy available to you for breach of this agreement shall be for breach of contract under the terms
of this agreement and each of us shall have no right of action against any other party in respect of any pre-contractual statement. Nothing in this agreement shall, however, operate to limit or exclude any
liability for fraud. 

  

	14.	 Variation and third party rights 

 

	 	14.1.	 This agreement may only be varied by a document signed by both you and the Company. 

 

	 	14.2.	 The Contracts (Rights of Third Parties) Act 1999 shall not apply to this agreement and no person other than
you, the Company and, to the extent permitted by law, any Group Company shall have any rights under it. The terms of this agreement or any of them may be varied, amended or modified or this agreement may be suspended, cancelled or terminated by
agreement in writing between the parties or this agreement may be rescinded (in each case), without the consent of any third party. 

  

	15.	 Counterparts 

  

	 	15.1.	 This agreement may be executed in any number of counterparts, each of which, when executed and delivered, shall
be an original, and all the counterparts together shall constitute one and the same instrument. 

  

	16.	 Governing Law and Jurisdiction 

 

	 	16.1.	 This agreement and any dispute or claim arising out of or in connection with it or its subject matter or
formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with English law. 

 

	 	16.2.	 We irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any
dispute or claim that arises out of or in connection with this agreement or its subject matter or formation (including non-contractual disputes or claims). 

 

 
  

 Please acknowledge receipt of this letter and acceptance of its terms by signing, dating and returning the
enclosed copy. 
 Yours sincerely, 

 

 
  

					
			
	 Executed as a Deed by
 Farfetch
UK Limited
  
 acting by: Elliot Jordan
	  	)
 )
 )
	  	 sign here: /s/ Elliot Jordan
  

		  		  	 print name: Elliot Jordan
  

			
		  		  	 sign here: /s/ James Maynard
  

		  		  	 Witness
 print name: James Maynard

 

			
	Date: 15/08/2018	  		  	  

 I hereby acknowledge receipt and accept the contents of this letter. 

 

					
	 Executed as a Deed by
 Natalie
Massenet
 in the presence of:
	  	)
 )
 )
	  	sign here: /s/ Natalie Massenet
		  		  	  
  

print name: Natalie Massenet
  

			
	Witness signature:	  		  	 Witness sign here: /s/ Erik Torensson
  

			
	Witness name:	  		  	 print name: Erik Torensson
  

			
	Witness address:	  		  	 insert address here:
  

			
		  		  	 #### #### ######, ### ######

			
		  		  	  

			
		  		  	  

			
	Witness occupation:	  		  	 insert occupation here: Creative Director

 

			
	Date:	  		  	  

 

 
  

 SCHEDULE 

Statement of Works 
  

			
		
	Client (eg relevant group company) name	  	  

		
	Instructing Services provider name	  	  

		
	Instructing individual at client	  	  

		
	Project name	  	  

		
	Start date	  	  

		
	End date	  	  

		
	Description of services	  	  

		
		  	  

		
		  	  

		
		  	  

		
	The fee payable	  	  

		
	Milestones and payment instalments/ Intervals	  	  

		
		  	  

		
		  	  

		
	General	  	In the event that the consultancy agreement between Farfetch UK Limited and Natalie Massenet dated August 2018 terminates for whatever reason no payment or part payment as yet unpaid under this Statement of Works shall be
payable to the service provider.EX-10.13

 Exhibit 10.13 

2018 FARFETCH EMPLOYEE EQUITY PLAN 

Providing for the grant of: 
  

	 	●	 	 Options 

  

	 	●	 	 Share Appreciation Rights 

 

	 	●	 	 Restricted Share Awards 

 

	 	●	 	 Restricted Share Unit Awards 

 

	 	●	 	 Other Share or Cash Based Awards 

 

	 	●	 	 Dividend Equivalent Awards 

 CONTENTS 
  

					
	 Clause
	  	 	Page    	 
		
	 ARTICLE 1. PURPOSE
	  	 	2	 
		
	 ARTICLE 2. DEFINITIONS AND
CONSTRUCTION
	  	 	2	 
		
	 ARTICLE 3. SHARES SUBJECT TO THE
PLAN
	  	 	8	 
		
	 ARTICLE 4. GRANTING OF AWARDS
	  	 	9	 
		
	 ARTICLE 5. GRANTING OF OPTIONS AND SHARE
APPRECIATION RIGHTS
	  	 	10	 
		
	 ARTICLE 6. EXERCISE OF OPTIONS AND SHARE
APPRECIATION RIGHTS
	  	 	11	 
		
	 ARTICLE 7. AWARD OF RESTRICTED
SHARES
	  	 	12	 
		
	 ARTICLE 8. AWARD OF RESTRICTED SHARE
UNITS
	  	 	14	 
		
	 ARTICLE 9. AWARD OF OTHER SHARES OR CASH BASED AWARDS AND
DIVIDEND EQUIVALENTS
	  	 	15	 
		
	 ARTICLE 10. ADDITIONAL TERMS OF
AWARDS
	  	 	15	 
		
	 ARTICLE 11. ADMINISTRATION
	  	 	20	 
		
	 ARTICLE 12. MISCELLANEOUS
PROVISIONS
	  	 	22	 
		
	 APPENDIX A
	  	 	A- 1 -	 

 ARTICLE 1. 

PURPOSE 

The purpose of the 2018 Farfetch Employee Equity Plan (as it may be amended or restated from time to time, the
“Plan”) is to promote the success and enhance the value of Farfetch Limited (the “Company”) by linking the individual interests of the members of the Board, Employees, and Consultants to those of Company
shareholders and by providing such individuals with an incentive for outstanding performance to generate superior returns to Company shareholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate,
attract, and retain the services of members of the Board, Employees, and Consultants upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. 

ARTICLE 2. 
 DEFINITIONS AND
CONSTRUCTION 
 Wherever the following terms are used in the Plan they shall have the meanings specified below, unless
the context clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates. 

2.1      “Administrator” shall mean the entity that conducts the general
administration of the Plan as provided in Article 11. With reference to the duties of the Committee under the Plan which have been delegated to one or more persons pursuant to Section 11.6, or as to which the Board has assumed, the term
“Administrator” shall refer to such person(s) unless the Committee or the Board has revoked such delegation or the Board has terminated the assumption of such duties. 

2.2      “Applicable Accounting Standards” shall mean International Financial
Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under applicable securities laws, including, United States federal securities laws from time to time (including, without
limitation, Generally Accepted Accounting Principles in the United States). 

2.3      “Applicable Law” shall mean any applicable law, as determined by the
Administrator, including without limitation: (a) the corporate, securities, tax or other laws, statutes, rules, requirements or regulations that apply to the Company and/or the Awards under this Plan; and (b) rules of any securities
exchange or automated quotation system on which the Ordinary Shares are listed, quoted or traded. 

2.4       “Award” shall mean an Option, a Share Appreciation Right, a
Restricted Share award, a Restricted Share Unit award, an Other Share or Cash Based Award or a Dividend Equivalent award, which may be awarded or granted under the Plan. 

2.5      “Award Agreement” shall mean any written notice, agreement, terms and
conditions, contract or other instrument or document evidencing an Award, including through 

  
 2 

 
electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine consistent with the Plan. 

2.6      “Board” shall mean the Board of Directors of the Company from time to
time. 
 2.7      “Change in Control” shall mean and includes each of the
following: 
 (a)      A transaction or series of transactions (other than an offering of our
Ordinary Shares to the general public through a registration statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d)
and 14(d)(2) of the Exchange Act) directly or indirectly acquires beneficial ownership of securities of the Company possessing more than 50% of the total combined voting power of the Company’s securities outstanding immediately after such
acquisition; provided, however, that the following acquisitions shall not constitute a Change in Control: (i) any acquisition by the Company or any of its Subsidiaries; (ii) any acquisition by an employee benefit plan
maintained by the Company or any of its Subsidiaries, (iii) any acquisition which complies with Sections 2.7(b), 2.7(b)(i) or 2.7(b)(ii); or (iv) in respect of an Award held by a particular Holder, any acquisition by the Holder or any
group of persons including the Holder (or any entity controlled by the Holder or any group of persons including the Holder); or 

(b)      The consummation by the Company (whether directly involving the Company or indirectly
involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination, (y) a sale or other disposition of all or substantially all of the Company’s assets in any single
transaction or series of related transactions or (z) the acquisition of assets or shares of another entity, in each case other than a transaction: 

(i)      which results in the Company’s voting securities outstanding immediately before
the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly
or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the
combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and 

(ii)      after which no person or group beneficially owns voting securities representing 50%
or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this Section 2.7(b)(i) as beneficially owning 50% or more of the combined voting
power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction; and 

(iii)      after which at least a majority of the members of the board of directors (or the
analogous governing body) of the Successor Entity were Board members at the time of the Board’s approval of the execution of the initial agreement providing for such transaction; or 

  
 3 

 (c)      The date which is 10 business days
prior to the completion of a liquidation or dissolution of the Company. 
 The Administrator shall have full and final authority, which
shall be exercised in its sole discretion, to determine conclusively whether a Change in Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters relating thereto. 

2.8        “Code” shall mean the U.S. Internal Revenue Code of 1986,
as amended from time to time, together with the regulations and official guidance promulgated thereunder, whether issued prior or subsequent to the grant of any Award. 

2.9        “Committee” shall mean the Compensation Committee of the
Board, or another committee or subcommittee of the Board or the Compensation Committee of the Board described in Article 11 hereof. 

2.10      “Company” shall have the meaning set forth in Article 1. 

2.11      “Consultant” shall mean any consultant or adviser engaged to provide
services to the Company or any Subsidiary who is not an employee. 
 2.12      
“Director” shall mean a member of the Board, as constituted from time to time. 

2.13       “Director Limit” shall have the meaning set forth in
Section 4.5. 
 2.14      “Dividend Equivalent” shall mean a right to
receive the equivalent value (in cash or Ordinary Shares) of dividends paid on Ordinary Shares, awarded under Section 9.2. 

2.15      “Effective Date” shall mean the day prior to the Public Trading Date.

 2.16      “Eligible Individual” shall mean any person who is an Employee,
a Consultant or a Non-Employee Director, as determined by the Administrator. 

2.17      “Employee” shall mean any employee of the Company or of any
Subsidiary. 
 2.18      “Equity Restructuring” shall mean a nonreciprocal
transaction between the Company and its shareholders, such as a share dividend, share split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number
or kind of Ordinary Shares (or other securities of the Company) or the share price of Ordinary Shares (or other securities) and causes a change in the per-share value of the Ordinary Shares underlying
outstanding Awards. 
 2.19      “Exchange Act” shall mean the U.S.
Securities Exchange Act of 1934, as amended from time to time. 

2.20      “Expiration Date” shall have the meaning given to such term in
Section 12.1(c). 

  
 4 

 2.21      “Fair Market Value”
shall mean, as of any given date, the value of an Ordinary Share determined as follows: 

(a)      If the Ordinary Shares are (i) listed on any established securities exchange
(such as the New York Stock Exchange, the NASDAQ Capital Market, the NASDAQ Global Market and the NASDAQ Global Select Market), (ii) listed on any national market system or (iii) quoted or traded on any automated quotation system, its Fair
Market Value shall be the closing sales price for an Ordinary Share as quoted on such exchange or system for such date or, if there is no closing sales price for an Ordinary Share on the date in question, the closing sales price for an Ordinary
Share on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 

(b)      If the Ordinary Shares are not listed on an established securities exchange, national
market system or automated quotation system, but the Ordinary Shares are regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and
low asked prices for an Ordinary Share on such date, the high bid and low asked prices for an Ordinary Share on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the
Administrator deems reliable; or 
 (c)      If the Ordinary Shares are neither listed on an
established securities exchange, national market system or automated quotation system nor regularly quoted by a recognized securities dealer, its Fair Market Value shall be established by the Administrator in good faith. 

Notwithstanding the foregoing, with respect to any Award granted after the effectiveness of the Company’s registration
statement relating to its initial public offering and prior to the Public Trading Date, the Fair Market Value shall mean the initial public offering price of an Ordinary Share as set forth in the Company’s final prospectus relating to its
initial public offering filed with the Securities and Exchange Commission. 
 2.22      
“Holder” shall mean a person who has been granted an Award. 
 2.23      
“Non-Employee Director” shall mean a Director of the Company who is not an Employee. 

2.24      “Non-Employee Director Equity
Compensation Policy” shall have the meaning set forth in Section 4.5.  

2.25       “Option” shall mean a right to purchase Ordinary Shares at a
specified exercise price, granted under Article 5. 
 2.26      “Option
Term” shall have the meaning set forth in Section 5.3. 

2.27      “Ordinary Shares” shall mean the Class A Ordinary Shares of the
Company, par value $[ 🌑 ] per share. 

  
 5 

 2.28      “Organizational
Documents” shall mean, collectively, (a) the memorandum and articles of association or other similar organizational documents relating to the creation and governance of the Company, and (b) the Committee’s charter or other
similar organizational documentation relating to the creation and governance of the Committee. 

2.29      “Other Share or Cash Based Award” shall mean a cash payment, cash
bonus award, share payment, share bonus award, performance award or incentive award that is paid in cash, Ordinary Shares or a combination of both, awarded under Section 9.1, which may include, without limitation, deferred shares, deferred
share units, performance awards, retainers, committee fees, and meeting-based fees. 

2.30       “Permitted Transferee” shall mean, with respect to a Holder, any
“family member” of the Holder, as defined in the General Instructions to Form S-8 Registration Statement under the Securities Act (or any successor form thereto), or any other transferee specifically
approved by the Administrator after taking into account Applicable Law.  

2.31       “Plan” shall have the meaning set forth in Article 1. 

2.32      “Program” shall mean any program adopted by the Administrator
pursuant to the Plan containing the terms and conditions intended to govern a specified type of Award granted under the Plan and pursuant to which such type of Award may be granted under the Plan. 

2.33      “Public Trading Date” shall mean the first date upon which the
Ordinary Shares are listed (or approved for listing) upon notice of issuance on any securities exchange or designated (or approved for designation) upon notice of issuance as a national market security on an interdealer quotation system. 

2.34      “Restricted Shares” shall mean Ordinary Shares awarded under Article
7 that is subject to certain restrictions and may be subject to risk of forfeiture or repurchase. 

2.35      “Restricted Share Units” shall mean the right to receive Ordinary
Shares awarded under Article 8. 

2.36      “Section 409A” shall mean Section 409A of the
Code and the Department of Treasury regulations and other interpretive guidance issued thereunder, including, without limitation, any such regulations or other guidance that may be issued after the Effective Date. 

2.37      “Securities Act” shall mean the Securities Act of 1933, as amended.

 2.38       “Share Appreciation Right” shall mean an Award entitling the
Holder (or other person entitled to exercise pursuant to the Plan) to exercise all or a specified portion thereof (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount determined by multiplying the
difference obtained by subtracting the exercise price per share of such Award from the Fair Market Value on the date of exercise of such Award by the number of Ordinary Shares with respect to which such Award shall have been exercised, subject to
any limitations the Administrator may impose. 
 2.39      “SAR Term” shall
have the meaning set forth in Section 5.3. 

  
 6 

 2.40      “Subsidiary” shall
mean any entity (other than the Company), in any jurisdiction, in an unbroken chain of entities beginning with the Company if each of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination,
securities or interests representing at least fifty percent (50%) of the total combined voting power of all classes of securities or interests in one of the other entities in such chain. 

2.41      “Substitute Award” shall mean an Award granted under the Plan in
connection with a corporate transaction, such as a merger, combination, consolidation or acquisition of property or share, in any case, upon the assumption of, or in substitution for, outstanding equity awards previously granted by a company or
other entity; provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Share Appreciation Right. 

2.42      “Tax Liability” shall have the meaning given in Section 10.2.

 2.43      “Termination of Service” shall mean: 

(a)      As to a Consultant, the time when the engagement of a Holder as a Consultant to the
Company or a Subsidiary is terminated for any reason, with or without cause, including, without limitation, by resignation, discharge, death or retirement, but excluding terminations where the Consultant simultaneously commences or remains in
employment or service with the Company or any Subsidiary. 
 (b)      As to a Non-Employee Director, the time when a Holder who is a Non-Employee Director ceases to be a Director for any reason, including, without limitation, a termination by
resignation, failure to be elected, death or retirement, but excluding terminations where the Holder simultaneously commences or remains in employment or service with the Company or any Subsidiary. 

(c)      As to an Employee, the time when the employee-employer relationship between a Holder
and the Company or any Subsidiary is terminated for any reason, including, without limitation, a termination by resignation, discharge, death, disability or retirement; but excluding terminations where the Holder simultaneously commences or remains
in employment or service with the Company or any Subsidiary. 
 The Administrator, in its sole discretion, shall determine
the effect of all matters and questions relating to any Termination of Service, including, without limitation, whether a Termination of Service has occurred, whether a Termination of Service resulted from a discharge for cause and all questions of
whether particular leaves of absence constitute a Termination of Service. For purposes of the Plan, a Holder’s employee-employer relationship or consultancy relations shall be deemed to be terminated in the event that the Subsidiary employing
or contracting with such Holder ceases to remain a Subsidiary following any merger, sale of shares or other corporate transaction or event (including, without limitation, a spin-off). 

  
 7 

 ARTICLE 3. 

SHARES SUBJECT TO THE PLAN 

3.1      Number of Ordinary Shares. 

(a)      Subject to Sections 3.1(b) and 12.2 the aggregate number of Ordinary Shares which may
be issued or transferred pursuant to Awards under the Plan is the sum of: (i) [                ]1 and
(ii) an annual increase on the first day of each year beginning in 2019 and ending in 2028, equal to the lesser of (A) 5% of the Ordinary Shares outstanding (on an as-converted basis) on the last
day of the immediately preceding fiscal year and (B) such smaller number of Ordinary Shares as determined by the Board; provided, however, no more than
[                        ]2 Ordinary Shares may be
issued upon the exercise of Incentive Share Options. Any Ordinary Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued Ordinary Shares, treasury Ordinary Shares or Ordinary Shares purchased on the open
market.  
 (b)      If any Ordinary
Shares subject to an Award are forfeited or expire, are converted to shares of another Person in connection with a recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares or other similar event, or such Award is settled for cash (in whole or in part) (including Ordinary Shares repurchased by the Company under Section 7.4 at the same
price paid by the Holder), the Ordinary Shares subject to such Award shall, to the extent of such forfeiture, expiration or cash settlement, again be available for future grants of Awards under the Plan. Notwithstanding anything to the contrary
contained herein, the following Ordinary Shares shall not be added to the Ordinary Shares authorized for grant under Section 3.1(a) and shall not be available for future grants of Awards: (i) Ordinary Shares tendered by a Holder or
withheld by the Company in payment of the exercise price of an Option; (ii) Ordinary Shares tendered by the Holder or withheld by the Company to satisfy any tax withholding obligation with respect to an Award; (iii) Ordinary Shares subject
to a Share Appreciation Right that are not issued in connection with the share settlement of the Share Appreciation Right on exercise thereof; and (iv) Ordinary Shares purchased on the open market by the Company with the cash proceeds received
from the exercise of Options. Any Ordinary Shares repurchased by the Company under Section 7.4 at the same price paid by the Holder so that such Ordinary Shares are returned to the Company shall again be available for Awards. The payment of
Dividend Equivalents in cash in conjunction with any outstanding Awards shall not be counted against the Ordinary Shares available for issuance under the Plan. 

(c)      Substitute Awards shall not reduce the Ordinary Shares authorized for grant under the
Plan. Additionally, in the event that a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing plan approved by its
shareholders and not adopted in contemplation of such 
  

1 NTD: To be equal to 11% of the total outstanding Ordinary Shares as
determined on a fully diluted basis immediately following the IPO (i.e. approximately 6.468 million Ordinary Shares). 

2 NTD: To be equal to approximately 35% of the total outstanding Ordinary
Shares as determined on a fully diluted basis immediately following the IPO (i.e. 20 million Ordinary Shares). 

  
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acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using
the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of shares of the entities party to such acquisition or combination) may be used for
Awards under the Plan and shall not reduce the Ordinary Shares authorized for grant under the Plan; provided that Awards using such available Ordinary Shares shall not be made after the date awards or grants could have been made under the
terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not employed by or providing services to the Company or its Subsidiaries immediately prior
to such acquisition or combination. 
 ARTICLE 4. 

GRANTING OF AWARDS 

4.1      Participation. The Administrator may, from time to time, select from among all
Eligible Individuals, those to whom an Award shall be granted and shall determine the nature and amount of each Award, which shall not be inconsistent with the requirements of the Plan. Except for any
Non-Employee Director’s right to Awards that may be required pursuant to the Non-Employee Director Equity Compensation Policy as described in Section 4.5, no
Eligible Individual or other Person shall have any right to be granted an Award pursuant to the Plan and neither the Company nor the Administrator is obligated to treat Eligible Individuals, Holders or any other persons uniformly. Participation by
each Holder in the Plan shall be voluntary and nothing in the Plan or any Program shall be construed as mandating that any Eligible Individual or other Person shall participate in the Plan. 

4.2      Award Agreement. Each Award shall be evidenced by an Award Agreement that sets
forth the terms, conditions and limitations for such Award as determined by the Administrator in its sole discretion (consistent with the requirements of the Plan and any applicable Program). 

4.3      At-Will Service. Nothing in the Plan or
in any Program or Award Agreement hereunder shall confer upon any Holder any right to continue in the employ of, or as a Director or Consultant for, the Company or any Subsidiary, or shall interfere with or restrict in any way the rights of the
Company and any Subsidiary, which rights are hereby expressly reserved, to discharge any Holder at any time for any reason whatsoever, with or without cause, and with or without notice, or to terminate or change all other terms and conditions of
employment or engagement, except to the extent expressly provided otherwise in a written agreement between the Holder and the Company or any Subsidiary. Neither the Plan nor any Award shall afford the Holder any rights to compensation or damages
including for any loss or potential loss that the Holder may suffer by reason of being unable to exercise or otherwise receive any in respect of any Award as a result of the termination of the Plan, lapse of the Award or the termination of the
Holder’s engagement, office or employment with the Company or any Subsidiary, including where the termination is subsequently held to be wrongful or unfair. 

4.4      Modification of Awards for certain Eligible Individuals. Notwithstanding any
provision of the Plan or applicable Program to the contrary, in order to comply with the laws in 

  
 9 

 
countries where the Company and its Subsidiaries operate or have Employees, Non-Employee Directors or Consultants, or in order to comply with the
requirements of any non-U.S. securities exchange or other Applicable Law, the Administrator, in its sole discretion, shall have the power and authority to: (a) determine which Subsidiaries shall be
covered by the Plan; (b) determine which Eligible Individuals are eligible to participate in the Plan; (c) modify the terms and conditions of any Award granted to Eligible Individuals to comply with Applicable Law (including, without
limitation, applicable non-U.S. laws or listing requirements of any non-U.S. securities exchange); (d) establish subplans and modify exercise procedures and other terms
and procedures, to the extent such actions may be necessary or advisable; provided, however, that no such subplans and/or modifications shall increase the share limitation contained in Section 3.1 or the Director Limit; and
(e) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local governmental regulatory exemptions or approvals or listing requirements of any
non-U.S. securities exchange. 
 4.5      Non-Employee Director Awards. 
 (a)      Non-Employee Director Equity Compensation Policy. The Administrator, in its sole discretion, may provide that Awards granted to Non-Employee Directors shall be granted
pursuant to a written nondiscretionary formula established by the Administrator (the “Non-Employee Director Equity Compensation Policy”), subject to the limitations of the Plan. The Non-Employee Director Equity Compensation Policy shall set forth the type of Award(s) to be granted to Non-Employee Directors, the number of Ordinary Shares to be subject to Non-Employee Director Awards, the conditions on which such Awards shall be granted, become exercisable and/or payable and expire, and such other terms and conditions as the Administrator shall determine in its sole
discretion. The Non-Employee Director Equity Compensation Policy may be modified by the Administrator from time to time in its sole discretion. 

(b)      Director Limit. Notwithstanding any provision to the contrary in the Plan or in
the Non-Employee Director Equity Compensation Policy, the sum of the grant date fair value of equity-based Awards and the amount of any cash-based Awards granted to a
Non-Employee Director during any calendar year shall not exceed $1,000,000 increased to $1,500,000 in the fiscal year of his or her initial service as a Non-Employee
Director (the applicable amount, the “Director Limit”). 
 ARTICLE 5. 

GRANTING OF OPTIONS AND SHARE APPRECIATION RIGHTS 

5.1      Granting of Options and Share Appreciation Rights to Eligible Individuals. The
Administrator is authorized to grant Options and Share Appreciation Rights to Eligible Individuals from time to time, in its sole discretion, on such terms and conditions as it may determine, which shall not be inconsistent with the Plan. 

5.2      Option and Share Appreciation Right Exercise Price. The exercise price per Share
subject to each Option and Share Appreciation Right shall be set by the Administrator, but shall not be less than 100% of the Fair Market Value of an Ordinary Share on the date the Option or Share Appreciation Right, as applicable, is granted. 

  
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 5.3      Option and SAR Term. The term
of each Option (the “Option Term”) and the term of each Share Appreciation Right (the “SAR Term”) shall be set by the Administrator in its sole discretion; provided, however, that the Option Term or
SAR Term, as applicable, shall not be more than (a) ten (10) years from the date the Option or Share Appreciation Right, as applicable, is granted to an Eligible Individual. Except as limited by the requirements of Applicable Law or the first
sentence of this Section 5.3 and without limiting the Company’s rights under Section 10.7, the Administrator may extend the Option Term of any outstanding Option or the SAR Term of any outstanding Share Appreciation Right, and may
extend the time period during which vested Options or Share Appreciation Rights may be exercised, in connection with any Termination of Service of the Holder or otherwise, and may amend, subject to Section 10.7 and 12.1, any other term or
condition of such Option or Share Appreciation Right relating to such Termination of Service of the Holder or otherwise. 

5.4      Option and SAR Vesting.  The period during which the right to
exercise, in whole or in part, an Option or Share Appreciation Right vests in the Holder shall be set by the Administrator and set forth in the applicable Award Agreement. Unless otherwise determined by the Administrator in the Award Agreement, the
applicable Program or by action of the Administrator following the grant of the Option or Share Appreciation Right, (a) no portion of an Option or Share Appreciation Right which is unexercisable at a Holder’s Termination of Service shall
thereafter become exercisable and (b) the portion of an Option or Share Appreciation Right that is unexercisable at a Holder’s Termination of Service shall automatically expire thirty (30) days following such Termination of Service.

 5.5      Substitution of Share Appreciation Rights; Early Exercise of
Options.    The Administrator may provide in the applicable Program or Award Agreement evidencing the grant of an Option that the Administrator, in its sole discretion, shall have the right to substitute a Share Appreciation
Right for such Option at any time prior to or upon exercise of such Option; provided that such Share Appreciation Right shall be exercisable with respect to the same number of Ordinary Shares for which such substituted Option would have been
exercisable, and shall also have the same exercise price, vesting schedule and remaining term as the substituted Option. The Administrator may provide in the terms of an Award Agreement that the Holder may exercise an Option in whole or in part
prior to the full vesting of the Option in exchange for unvested Restricted Shares with respect to any unvested portion of the Option so exercised. Restricted Shares acquired upon the exercise of any unvested portion of an Option shall be subject to
such terms and conditions as the Administrator shall determine. 
 ARTICLE 6. 

EXERCISE OF OPTIONS AND SHARE APPRECIATION RIGHTS 

6.1      Exercise and Payment. An exercisable Option or Share Appreciation Right may be
exercised in whole or in part. However, an Option or Share Appreciation Right shall not be exercisable with respect to fractional Ordinary Shares and the Administrator may require that, by the terms of the Option or Share Appreciation Right, a
partial exercise must be with respect to a minimum number of Ordinary Shares. Payment of the amounts payable with respect to Share Appreciation Rights pursuant to this Article 6 shall be in cash, Ordinary Shares (based on its Fair

  
 11 

 
Market Value as of the date the Share Appreciation Right is exercised), or a combination of both, as determined by the Administrator. 

6.2      Manner of Exercise.     All or a portion of an exercisable
Option or Share Appreciation Right shall be deemed exercised upon successful completion of the procedures established from time to time by the Administrator (including, without limitation, via an employee equity portal or similar method designated
by the Company). Such procedures shall include submission of any or all of the following, as determined by the Administrator: 

(a)      Electronic notice complying with the applicable rules established by the Administrator
stating that the Option or Share Appreciation Right, or a portion thereof, is exercised. The notice shall be signed or otherwise acknowledged electronically by the Holder or other person then entitled to exercise the Option or Share Appreciation
Right or such portion thereof; 
 (b)      Such representations and documents as the
Administrator, in its sole discretion, deems necessary or advisable to effect compliance with Applicable Law. 

(c)      In the event that the Option shall be exercised pursuant to Section 10.3 by any
person or persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Option or Share Appreciation Right, as determined in the sole discretion of the Administrator; and 

(d)      Full payment of the exercise price and applicable withholding taxes for the Ordinary
Shares with respect to which the Option or Share Appreciation Right, or portion thereof, is exercised, in a manner permitted by the Administrator in accordance with Sections 10.1 and 10.2. 

ARTICLE 7. 
 AWARD OF RESTRICTED
SHARES 
 7.1      Award of Restricted Shares. The Administrator is authorized to
grant Restricted Shares to Eligible Individuals, and shall determine the terms and conditions, including the restrictions applicable to each award of Restricted Shares, which terms and conditions shall not be inconsistent with the Plan or any
applicable Program, and may impose such conditions on the issuance of such Restricted Shares as it deems appropriate. The Administrator shall establish the purchase price, if any, and form of payment for Restricted Shares; provided,
however, that if a purchase price is charged, such purchase price shall be no less than the par value, if any, of the Ordinary Shares to be purchased, unless otherwise permitted by Applicable Law. In all cases, legal consideration shall be
required for each issuance of Restricted Shares to the extent required by Applicable Law. 

7.2      Rights as Shareholders. Subject to Section 7.4, upon issuance of Restricted
Shares, the Holder shall have, unless otherwise provided by the Administrator, all the rights of a shareholder with respect to said Ordinary Shares, subject to the restrictions in the Plan, any 

  
 12 

 
applicable Program and/or the applicable Award Agreement, including the right to receive all dividends and other distributions paid or made with respect to the Ordinary Shares to the extent such
dividends and other distributions have a record date that is on or after the date on which the Holder to whom such Restricted Shares are granted becomes the record holder of such Restricted shares; provided, however, that, in the sole
discretion of the Administrator, any extraordinary distributions with respect to the Ordinary Shares may be subject to the restrictions set forth in Section 8.3. In addition, with respect to a Restricted Share with performance-based vesting,
dividends which are paid prior to vesting shall only be paid out to the Holder to the extent that the performance-based vesting conditions are subsequently satisfied and the Restricted Share vests. 

7.3      Restrictions. All Restricted Shares (including any shares received by Holders
thereof with respect to Restricted Shares as a result of share dividends, share splits or any other form of recapitalization) shall be subject to such restrictions and vesting requirements as the Administrator shall provide in the applicable Program
or Award Agreement. By action taken after the Restricted Share is issued, the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate the vesting of such Restricted Share by removing any or all of the
restrictions imposed by the terms of the applicable Program or Award Agreement. 

7.4      Repurchase or Forfeiture of Restricted Shares. Except as otherwise determined by
the Administrator, if no price was paid by the Holder for the Restricted Shares, upon a Termination of Service during the applicable restriction period, the Holder’s rights in unvested Restricted Shares then subject to restrictions shall lapse,
and such Restricted Shares shall be surrendered to the Company or to an entity nominated by the Administrator and cancelled without consideration on the date of such Termination of Service. If a price was paid by the Holder for the Restricted
Shares, upon a Termination of Service during the applicable restriction period, the Company shall have the right to repurchase from the Holder the unvested Restricted Shares then subject to restrictions at a cash price per share equal to the price
paid by the Holder for such Restricted Shares or such other amount as may be specified in the applicable Program or Award Agreement. Notwithstanding the foregoing, the Administrator, in its sole discretion, may provide that upon certain events,
including, without limitation, a Change in Control, the Holder’s death, retirement or disability or any other specified Termination of Service or any other event, the Holder’s rights in unvested Restricted Shares then subject to
restrictions shall not lapse, such Restricted Shares shall vest and cease to be forfeitable and, if applicable, the Company shall cease to have a right of repurchase. 

7.5      Election to be taxed on date of transfer to Holder of the Restricted Shares. If
a Holder makes an election under Section 431 of the UK Income Taxes (Earnings and Pensions) Act 2003 or Section 83(b) of the Code (or equivalent under other Applicable Law) to be taxed with respect to the Restricted Shares as of the date
of transfer of the Restricted Shares (and as if the Restricted Shares were not subject to forfeiture or other restrictions) rather than as of the date or dates upon which the Holder would otherwise be taxable under Applicable Law, the Holder shall
be required to deliver a copy of such election to the Company promptly after filing (if required to be enforceable) such election with the Internal Revenue Service or equivalent tax authority along with proof of the timely filing thereof. 

  
 13 

 ARTICLE 8. 

AWARD OF RESTRICTED SHARE UNITS 

8.1      Grant of Restricted Share Units. The Administrator is authorized to grant Awards
of Restricted Share Units to any Eligible Individual selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. 

8.2      Term. Except as otherwise provided herein, the term of a Restricted Share Unit
award shall be set by the Administrator in its sole discretion. 
 8.3      Purchase
Price. The Administrator shall specify the purchase price, if any, to be paid by the Holder to the Company with respect to any Restricted Share Unit award; provided, however, that the value of the consideration shall not be less
than the par value of a Share, unless otherwise permitted by Applicable Law. 

8.4      Vesting of Restricted Share Units. At the time of grant, the Administrator shall
specify the date or dates on which the Restricted Share Units shall become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate, including, without limitation, vesting based upon the Holder’s
duration of service to the Company or any Subsidiary, Company performance, individual performance or other specific criteria, in each case on a specified date or dates or over any period or periods, as determined by the Administrator. 

8.5      Maturity and Settlement. At the time of grant, the Administrator may specify a
maturity date applicable to a grant of Restricted Share Units, which shall be no earlier than the vesting date or dates of the Award and may be determined at the election of the Holder (if permitted by the applicable Award Agreement);
provided that, except as otherwise determined by the Administrator, and subject to compliance with Applicable Law, in no event shall the maturity date relating to each Restricted Share Unit occur following the later of (a) the 15th day of the third month following the end of the calendar year in which the applicable portion of the Restricted Share Unit vests; and (b) the
15th day of the third month following the end of the Company’s fiscal year in which the applicable portion of the Restricted Share Unit vests. On the maturity date, the Company shall, in
accordance with the applicable Award Agreement and subject to Section 10.4(f), transfer to the Holder one unrestricted, fully transferable Share for each Restricted Share Unit scheduled to be paid out on such date and not previously forfeited,
or in the sole discretion of the Administrator, an amount in cash equal to the Fair Market Value of such Ordinary Shares on the maturity date or a combination of cash and Ordinary Shares as determined by the Administrator. Notwithstanding the
forgoing, unless otherwise determined by the Administrator, each Award of Restricted Share Units shall mature immediately upon its vesting date or dates. 

8.6      Settlement upon Termination of Service. An Award of Restricted Share Units shall
only be settled while the Holder is an Employee, a Consultant or a member of the Board, as applicable; provided, however, that the Administrator, in its sole discretion, may provide (in an Award Agreement or otherwise) that a
Restricted Share Unit award may be settled subsequent to a Termination of Service in certain events, including a Change in Control, the Holder’s death, retirement or disability or any other specified Termination of Service. 

  
 14 

 ARTICLE 9. 

AWARD OF OTHER SHARES OR CASH BASED AWARDS AND DIVIDEND EQUIVALENTS 

9.1      Other Share or Cash Based Awards.    The Administrator is
authorized to grant Other Share or Cash Based Awards, including awards entitling a Holder to receive Ordinary Shares or cash to be delivered immediately or in the future, to any Eligible Individual. Subject to the provisions of the Plan and any
applicable Program, the Administrator shall determine the terms and conditions of each Other Share or Cash Based Award, including the term of the Award, any exercise or purchase price, performance goals, transfer restrictions, vesting conditions and
other terms and conditions applicable thereto, which shall be set forth in the applicable Award Agreement. Other Share or Cash Based Awards may be paid in cash, Ordinary Shares, or a combination of cash and Ordinary Shares, as determined by the
Administrator, and may be available as a form of payment in the settlement of other Awards granted under the Plan, as stand-alone payments, as a part of a bonus, deferred bonus, deferred compensation or other arrangement, and/or as payment in lieu
of compensation to which an Eligible Individual is otherwise entitled. 
 9.2      Dividend
Equivalents.    Dividend Equivalents may be granted by the Administrator, either alone or in tandem with another Award, based on dividends declared on the Ordinary Shares, to be credited as of dividend payment dates during
the period between the date the Dividend Equivalents are granted to a Holder and the date such Dividend Equivalents terminate or expire, as determined by the Administrator. Such Dividend Equivalents shall be converted to cash or additional Ordinary
Shares by such formula and at such time and subject to such restrictions and limitations as may be determined by the Administrator. In addition, Dividend Equivalents with respect to an Award with performance-based vesting that are based on dividends
paid prior to the vesting of such Award shall only be paid out to the Holder to the extent that the performance-based vesting conditions are subsequently satisfied and the Award vests. Notwithstanding the forgoing, no Dividend Equivalents shall be
payable with respect to Options or Share Appreciation Rights. 
 ARTICLE 10. 

ADDITIONAL TERMS OF AWARDS 

10.1      Payment.  The Administrator shall determine the method or methods by
which payments by any Holder with respect to any Awards granted under the Plan shall be made, including, without limitation: (a) cash or cheque, (b) Ordinary Shares (including, in the case of payment of the exercise price of an Award,
Ordinary Shares issuable pursuant to the exercise of the Award) or Ordinary Shares held for such minimum period of time as may be established by the Administrator, in each case, having a Fair Market Value on the date of delivery equal to the
aggregate payments required, (c) delivery of a written or electronic notice that the Holder has placed a market sell order with a broker acceptable to the Company with respect to Ordinary Shares then issuable upon exercise or vesting of an
Award, and that the broker has been directed to pay a sufficient portion of the proceeds of the sale (net of any brokerage commissions or fees) 

  
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to the Company in satisfaction of the aggregate payments required; provided that payment of such proceeds is then made to the Company upon settlement of such sale, (d) other form of
legal consideration acceptable to the Administrator in its sole discretion, or (e) any combination of the above permitted forms of payment. Notwithstanding any other provision of the Plan to the contrary, no Holder who is a Director or an
“executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to make payment with respect to any Awards granted under the Plan, or continue any extension of credit with respect to such
payment, with a loan from the Company or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act. 

10.2      Tax Withholding. The Company or any Subsidiary shall have the authority and the
right to deduct or withhold, or require a Holder to remit to the Company, an amount sufficient to satisfy all applicable taxes and social security contributions (including, where permitted under Applicable Law, social security contributions that
would otherwise be the liability of the Holder’s employing entity) required by law to be withheld or otherwise paid by the Holder or the Company or any Subsidiary with respect to any taxable event concerning a Holder arising as a result of the
Plan or any Award (and a “Tax Liability”). The Administrator may, in its sole discretion and in satisfaction of any Tax Liability, or in satisfaction of such additional Tax Liability as a Holder may have elected, allow
a Holder to satisfy such obligations by any payment means described in Section 10.1 hereof, including without limitation, by (a) allowing such Holder to elect to have the Company or any Subsidiary withhold Ordinary Shares otherwise
issuable under an Award (or allow the surrender of Ordinary Shares) or (b) delivery of a written or electronic notice that the Holder has placed a market sell order with a broker acceptable to the Company with respect to Ordinary Shares
otherwise issuable under an Award, and that the broker has been directed to pay a sufficient portion of the proceeds of the sale (net of any brokerage commissions or fees) to the Company in satisfaction of the applicable withholding obligations;
provided that payment of such proceeds is then made to the Company upon settlement of such sale. The number of Ordinary Shares that may be so withheld or surrendered shall be no greater than the number of Ordinary Shares that have a fair
market value on the date of withholding or repurchase equal to the aggregate amount of such Tax Liability based on the maximum statutory applicable tax rates in such Holder’s applicable jurisdiction that are applicable to such taxable income.
The Administrator shall determine the fair market value of the Ordinary Shares (consistent with Applicable Law), for tax withholding obligations due in connection with a broker-assisted cashless Option or Share Appreciation Right exercise involving
the sale of Ordinary Shares to pay the Option or Share Appreciation Right exercise price or any tax withholding obligation. 

10.3      Transferability of Awards. 

(a)      Except as otherwise provided in Sections 10.3(b) and 10.3(c): 

(i)      No Award under the Plan may be sold, pledged, assigned or transferred in any manner
other than by will or the laws of descent and distribution unless and until such Award has been exercised or the Ordinary Shares underlying such Award have been issued, and all restrictions applicable to such Ordinary Shares have lapsed; 

  
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 (ii)      No Award or interest or right
therein shall be liable for or otherwise subject to the debts, contracts or engagements of the Holder or the Holder’s successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation,
encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy) unless and until
such Award has been exercised, or the Ordinary Shares underlying such Award have been issued, and all restrictions applicable to such Ordinary Shares have lapsed, and any attempted disposition of an Award prior to satisfaction of these conditions
shall be null and void and of no effect, except to the extent that such disposition is permitted by Section 10.3(a)(i); and 

(iii)      During the lifetime of the Holder, only the Holder may exercise any exercisable
portion of an Award granted to such Holder under the Plan. After the death of the Holder, any exercisable portion of an Award may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Program or Award Agreement,
be exercised by the Holder’s personal representative or by any person empowered to do so under the deceased Holder’s will or under the then-applicable laws of descent and distribution. 

(b)      Notwithstanding Section 10.3(a), the Administrator, in its sole discretion, may
determine to permit a Holder or a Permitted Transferee of such Holder to transfer an Award to any one or more Permitted Transferees of such Holder, subject to the following terms and conditions: (i) an Award transferred to a Permitted
Transferee shall not be assignable or transferable by the Permitted Transferee other than (A) to another Permitted Transferee of the applicable Holder or (B) by will or the laws of descent and distribution; (ii) an Award transferred
to a Permitted Transferee shall continue to be subject to all the terms and conditions of the Award as applicable to the original Holder (other than the ability to further transfer the Award to any Person other than another Permitted Transferee of
the applicable Holder); and (iii) the Holder (or transferring Permitted Transferee) and the receiving Permitted Transferee shall execute any and all documents requested by the Administrator, including, without limitation documents to
(A) confirm the status of the transferee as a Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under Applicable Law and (C) evidence the transfer. 

(c)      Notwithstanding Section 10.3(a), a Holder may, in the manner determined by the
Administrator, designate a beneficiary to exercise the rights of the Holder and to receive any distribution with respect to any Award upon the Holder’s death. A beneficiary, legal guardian, legal representative, or other person claiming any
rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Program or Award Agreement applicable to the Holder and any additional restrictions deemed necessary or appropriate by the Administrator. If the Holder is married
or a domestic partner in a domestic partnership qualified under Applicable Law and resides in a community property state, a designation of a person other than the Holder’s spouse or domestic partner, as applicable, as the Holder’s
beneficiary with respect to more than 50% of the Holder’s interest in the Award shall not be effective without the prior written or electronic consent of the Holder’s spouse or domestic partner. If no beneficiary has been designated or
survives the Holder, payment shall be made to the person entitled thereto pursuant to the Holder’s will or the laws of descent and distribution. Subject to the foregoing, a 

  
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beneficiary designation may be changed or revoked by a Holder at any time; provided that the change or revocation is delivered in writing to the Administrator prior to the Holder’s
death. 
 10.4      Conditions to Issuance of Ordinary Shares. 

(a)      The Administrator shall determine the methods by which Ordinary Shares shall be
delivered or deemed to be delivered to Holders. Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any book entries evidencing Ordinary Shares pursuant to the exercise of
any Award, unless and until the Administrator has determined, with advice of counsel, that the issuance of such Ordinary Shares is in compliance with Applicable Law and the Ordinary Shares are covered by an effective registration statement or
applicable exemption from registration. In addition to the terms and conditions provided herein, the Administrator may require that a Holder make such reasonable covenants, agreements and representations as the Administrator, in its sole discretion,
deems advisable in order to comply with Applicable Law. 
 (b)      All share certificates
delivered pursuant to the Plan and all Ordinary Shares issued pursuant to book entry procedures are subject to any stop-transfer orders and other restrictions as the Administrator deems necessary or advisable to comply with Applicable Law. The
Administrator may place legends on any share certificate or book entry to reference restrictions applicable to the Ordinary Shares (including, without limitation, restrictions applicable to Restricted Shares). 

(c)      The Administrator shall have the right to require any Holder to comply with any timing
or other restrictions with respect to the settlement, distribution or exercise of any Award, including a window-period limitation, as may be imposed in the sole discretion of the Administrator. 

(d)      No fractional Ordinary Shares shall be issued and the Administrator, in its sole
discretion, shall determine whether cash shall be given in lieu of fractional Ordinary Shares or whether such fractional Ordinary Shares shall be eliminated by rounding down. 

(e)      The Company, in its sole discretion, may (i) retain physical possession of any
share certificate evidencing Ordinary Shares until any restrictions thereon shall have lapsed and/or (ii) require that the share certificates evidencing such Ordinary Shares be held in custody by a designated escrow agent (which may but need
not be the Company) until the restrictions thereon shall have lapsed, and that the Holder deliver a share power, endorsed in blank, relating to such Ordinary Shares. 

(f)      Notwithstanding any other provision of the Plan, unless otherwise determined by the
Administrator or required by Applicable Law, the Company shall not deliver to any Holder certificates evidencing Ordinary Shares issued in connection with any Award and instead such Ordinary Shares shall be recorded in the books of the Company (or,
as applicable, its transfer agent or share plan administrator). 
 10.5      Forfeiture and
Claw-Back Provisions. All Awards (including any proceeds, gains or other economic benefit actually or constructively received by a Holder upon any receipt or exercise of any Award or upon the receipt or resale of any Ordinary Shares underlying
the 

  
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Award and any payments of a portion of an incentive-based bonus pool allocated to a Holder) shall be subject to the provisions of any claw-back policy implemented by the Company, including,
without limitation, any claw-back policy adopted to comply with the requirements of Applicable Law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder,
whether or not such claw-back policy was in place at the time of grant of an Award, to the extent set forth in such claw-back policy and/or in the applicable Award Agreement. 

10.6      Prohibition on Repricing. Subject to Section 12.2, the Administrator shall
not, without the approval of the shareholders of the Company, (a) authorize the amendment of any outstanding Option or Share Appreciation Right to reduce its price per Share, or (b) cancel any Option or Share Appreciation Right in exchange
for cash or another Award when the Option or Share Appreciation Right price per Share exceeds the Fair Market Value of the underlying Ordinary Shares. Furthermore, for purposes of this Section 10.6, except in connection with a corporate
transaction involving the Company (including, without limitation, any share dividend, share split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), the terms of outstanding Awards may not be amended to reduce the exercise price per share of outstanding Options or Share Appreciation Rights or cancel outstanding
Options or Share Appreciation Rights in exchange for cash, other Awards or Options or Share Appreciation Rights with an exercise price per share that is less than the exercise price per share of the original Options or Share Appreciation Rights
without the approval of the shareholders of the Company. 
 10.7      Amendment of
Awards. Subject to Applicable Law, the Administrator may amend, modify or terminate any outstanding Award, including but not limited to, substituting therefor another Award of the same or a different type or changing the date of exercise or
settlement. The Holder’s consent to such action shall be required unless (a) the Administrator determines that the action, taking into account any related action, would not materially and adversely affect the Holder, or (b) the change
is otherwise permitted under the Plan (including, without limitation, under Section 12.2 or 12.10). 

10.8      Data Privacy. As a condition of receipt of any Award, each Holder explicitly
and unambiguously consents to the collection, use and transfer, in electronic or other form, of personal data as described in this Section 10.8 by and among, as applicable, the Company and its Subsidiaries for the exclusive purpose of
implementing, administering and managing the Holder’s participation in the Plan. The Company and its Subsidiaries may hold certain personal information about a Holder, including but not limited to, the Holder’s name, home address and
telephone number, date of birth, social security or insurance number or other identification number, salary, nationality, job title(s), any shares held in the Company or any of its Subsidiaries, details of all Awards, in each case, for the purpose
of implementing, managing and administering the Plan and Awards (the “Data”). The Company and its Subsidiaries may transfer the Data amongst themselves as necessary for the purpose of implementation, administration and management of
a Holder’s participation in the Plan, and the Company and its Subsidiaries may each further transfer the Data to any third parties assisting the Company and its Subsidiaries in the implementation, administration and management of the Plan.
These recipients may be located in the Holder’s country, or elsewhere, and the Holder’s country may have different data privacy laws and protections than the recipients’ country. Through acceptance of an Award,

  
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each Holder authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the
Holder’s participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom the Company or any of its Subsidiaries or the Holder may elect to deposit any Ordinary Shares. The
Data related to a Holder will be held only as long as is necessary to implement, administer, and manage the Holder’s participation in the Plan. A Holder may, at any time, view the Data held by the Company with respect to such Holder, request
additional information about the storage and processing of the Data with respect to such Holder, recommend any necessary corrections to the Data with respect to the Holder or refuse or withdraw the consents herein in writing, in any case without
cost, by contacting his or her local human resources representative. The Company may cancel the Holder’s ability to participate in the Plan and, in the Administrator’s discretion, the Holder may forfeit any outstanding Awards if the Holder
refuses or withdraws his or her consents as described herein. For more information on the consequences of refusal to consent or withdrawal of consent, Holders may contact their local human resources representative. 

ARTICLE 11. 
 ADMINISTRATION

 11.1      Administrator. The Committee shall administer the Plan (except as
otherwise permitted herein). Notwithstanding the foregoing, any action taken by the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later determined not to have satisfied the
requirements for membership set forth in this Section 11.1 or the Organizational Documents. Except as may otherwise be provided in the Organizational Documents or as otherwise required by Applicable Law, (a) appointment of Committee
members shall be effective upon acceptance of appointment, (b) Committee members may resign at any time by delivering written or electronic notice to the Board and (c) vacancies in the Committee may only be filled by the Board.
Notwithstanding the foregoing, (i) the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan with respect to Awards granted to Non-Employee
Directors and, with respect to such Awards, the term “Administrator” as used in the Plan shall be deemed to refer to the Board and (ii) the Board or Committee may delegate its authority hereunder to the extent permitted by
Section 11.6. 
 11.2      Duties and Powers of Administrator. It shall be the
duty of the Administrator to conduct the general administration of the Plan in accordance with its provisions. The Administrator shall have the power to interpret the Plan, all Programs and Award Agreements, and to adopt such rules for the
administration, interpretation and application of the Plan and any Program as are not inconsistent with the Plan, to interpret, amend or revoke any such rules and to amend the Plan or any Program or Award Agreement; provided that the rights
or obligations of the Holder of the Award that is the subject of any such Program or Award Agreement are not materially and adversely affected by such amendment, unless the consent of the Holder is obtained or such amendment is otherwise permitted
under Section 10.5 or Section 12.10. In its sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee in its capacity as the Administrator under the Plan except with respect to
matters which under the rules of any securities exchange or automated quotation system on 

  
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which the Ordinary Shares are listed, quoted or traded are required to be determined in the sole discretion of the Committee. 

11.3      Action by the Administrator. Unless otherwise established by the Board, set
forth in any Organizational Documents or as required by Applicable Law, a majority of the Administrator shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in
writing by all members of the Administrator in lieu of a meeting, shall be deemed the acts of the Administrator. Each member of the Administrator is entitled to, in good faith, rely or act upon any report or other information furnished to that
member by any officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the
administration of the Plan. 
 11.4      Authority of Administrator. Subject to the
Organizational Documents, any specific designation in the Plan and Applicable Law, the Administrator has the exclusive power, authority and sole discretion to: 

(a)            Designate Eligible Individuals to receive Awards;

 (b)            Determine the type or types of Awards to be
granted to each Eligible Individual (including, without limitation, any Awards granted in tandem with another Award granted pursuant to the Plan); 

(c)            Determine the number of Awards to be granted and
the number of Ordinary Shares to which an Award will relate; 

(d)            Determine the terms and conditions of any Award
granted pursuant to the Plan, including, but not limited to, the exercise price, grant price, purchase price, any performance criteria, any restrictions or limitations on the Award, any schedule for vesting, lapse of forfeiture restrictions or
restrictions on the exercisability of an Award, and accelerations or waivers thereof, and any provisions related to non-competition and claw-back and recapture of gain on an Award, based in each case on such
considerations as the Administrator in its sole discretion determines; 

(e)            Determine whether, to what extent, and under what
circumstances an Award may be settled in, or the exercise price of an Award may be paid in cash, Ordinary Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

(f)            Prescribe the form of each Award Agreement, which
need not be identical for each Holder; 
 (g)            Decide
all other matters that must be determined in connection with an Award; 

(h)            Establish, adopt, or revise any Programs, rules
and regulations as it may deem necessary or advisable to administer the Plan; 

  
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(i)            Interpret the terms of, and any matter arising
pursuant to, the Plan, any Program or any Award Agreement; 

(j)            Make all other decisions and determinations that
may be required pursuant to the Plan or as the Administrator deems necessary or advisable to administer the Plan; and 

(k)            Accelerate wholly or partially the vesting or
lapse of restrictions of any Award or portion thereof at any time after the grant of an Award, subject to whatever terms and conditions it selects and Section 12.2. 

11.5      Decisions Binding. The Administrator’s interpretation of the Plan, any
Awards granted pursuant to the Plan, any Program or any Award Agreement and all decisions and determinations by the Administrator with respect to the Plan are final, binding and conclusive on all Persons. 

11.6      Delegation of Authority. The Board or Committee may from time to time delegate
to a committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to this Article 11; provided, however, that in no
event shall an officer of the Company be delegated the authority to grant Awards to, or amend Awards held by officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided,
further, that any delegation of administrative authority shall only be permitted to the extent it is permissible under any Organizational Documents and Applicable Law. Any delegation hereunder shall be subject to the restrictions and limits
that the Board or Committee specifies at the time of such delegation or that are otherwise included in the applicable Organizational Documents, and the Board or Committee, as applicable, may at any time rescind the authority so delegated or appoint
a new delegatee. At all times, the delegatee appointed under this Section 11.6 shall serve in such capacity at the pleasure of the Board or the Committee, as applicable, and the Board or the Committee may abolish any committee at any time and re-vest in itself any previously delegated authority. 
 ARTICLE 12. 

MISCELLANEOUS PROVISIONS 

12.1      Amendment, Suspension or Termination of the Plan. 

(a)      Except as otherwise provided in Section 12.1(b), the Plan may be wholly or
partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board; provided that, except as provided in Section 10.5 and Section 12.10, no amendment, suspension or termination of the Plan
shall, without the consent of the Holder, materially and adversely affect any rights or obligations under any Award theretofore granted or awarded, unless the Award itself otherwise expressly so provides. 

(b)      Notwithstanding Section 12.1(a), the Board may not, except as provided in
Section 12.2, take any of the following actions without approval of the Company’s shareholders 

  
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given within twelve (12) months before or after such action: (i) increase the limit imposed in Section 3.1 on the maximum number of Ordinary Shares which may be upon the exercise
of Incentive Share Options, (ii) reduce the price per share of any outstanding Option or Share Appreciation Right granted under the Plan or take any action prohibited under Section 10.6, or (iii) cancel any Option or Share
Appreciation Right in exchange for cash or another Award in violation of Section 10.6. 

(c)      No Awards may be granted or awarded during any period of suspension or after
termination of the Plan, and notwithstanding anything herein to the contrary, in no event may any Award be granted under the Plan after the tenth (10th) anniversary of the earlier of (i) the
date on which the Plan was adopted by the Board or (ii) the date the Plan was approved by the Company’s shareholders (such anniversary, the “Expiration Date”). Any Awards that are outstanding on the Expiration Date shall
remain in force according to the terms of the Plan, the applicable Program and the applicable Award Agreement. 

12.2      Changes in Ordinary Shares or Assets of the Company, Acquisition or Liquidation of
the Company and Other Corporate Events.  

(a)      In the event of any share dividend, share split, combination or exchange of shares,
merger, consolidation or other distribution (other than normal cash dividends) of Company assets to shareholders, or any other change affecting the shares of the Company or the price of the Company’s shares other than an Equity Restructuring,
the Administrator may make equitable adjustments, if any, to reflect such change with respect to: (i) the aggregate number and kind of Ordinary Shares that may be issued under the Plan (including, but not limited to, adjustments of the
limitations in Section 3.1 on the maximum number and kind of Ordinary Shares which may be issued under the Plan); (ii) the number and kind of Ordinary Shares (or other securities or property) subject to outstanding Awards; (iii) the terms
and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (iv) the grant or exercise price per share for any outstanding Awards under the Plan; and
(v) the number and kind of Ordinary Shares (or other securities or property) for which automatic grants are subsequently to be made to new and continuing Non-Employee Directors pursuant to any Non-Employee Director Equity Compensation Policy adopted in accordance with Section 4.5. 

(b)      In the event of any transaction or event described in Section 12.2(a) or any
unusual or nonrecurring transactions or events affecting the Company, any Subsidiary of the Company, or the financial statements of the Company or any Subsidiary, or of changes in Applicable Law or Applicable Accounting Standards, the Administrator,
in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event, is hereby authorized to take any one or more of the following
actions whenever the Administrator determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or with respect to any Award under the Plan,
to facilitate such transactions or events or to give effect to such changes in Applicable Law or Applicable Accounting Standards: 

  
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 (i)      To provide for the termination of
any such Award in exchange for an amount of cash and/or other property with a value equal to the amount that would have been attained upon the exercise of such Award or realization of the Holder’s rights (and, for the avoidance of doubt, if as
of the date of the occurrence of the transaction or event described in this Section 12.2 the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Holder’s
rights, then such Award may be terminated by the Company without payment); 
 (ii)      To
provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar options, rights or awards covering the share of the successor or survivor corporation, or a parent
or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and applicable exercise or purchase price, in all cases, as determined by the Administrator; 

(iii)      To make adjustments in the number and type of Ordinary Shares (or other securities
or property) subject to outstanding Awards, and/or in the terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding Awards and Awards which may be granted in the future; 

(iv)      To provide that such Award shall be exercisable or payable or fully vested with
respect to all Ordinary Shares covered thereby, notwithstanding anything to the contrary in the Plan or the applicable Program or Award Agreement; 

(v)      To replace such Award with other rights or property selected by the Administrator;
and/or 
 (vi)      To provide that the Award cannot vest, be exercised or become payable
after such event. 
 (c)      In connection with the occurrence of any Equity Restructuring,
and notwithstanding anything to the contrary in Sections 12.2(a) and 12.2(b): 
 (i)      The
number and type of securities subject to each outstanding Award and the exercise price or grant price thereof, if applicable, shall be equitably adjusted (and the adjustments provided under this Section 12.2(c)(i) shall be nondiscretionary and
shall be final and binding on the affected Holder and the Company); and/or 
 (ii)      The
Administrator shall make such equitable adjustments, if any, as the Administrator, in its sole discretion, may deem appropriate to reflect such Equity Restructuring with respect to the aggregate number and kind of Ordinary Shares that may be issued
under the Plan (including, but not limited to, adjustments of the limitation in Section 3.1 on the maximum number and kind of Ordinary Shares which may be issued under the Plan). 

(d)      Notwithstanding any other provision of the Plan, in the event of a Change in Control,
unless otherwise determined by the Administrator (A) except as set forth in Section 12.2(e), if the successor corporation or a parent or subsidiary of the successor corporation is a publicly-traded company, such Award shall continue in
effect or be assumed or an equivalent Award substituted by the successor corporation or a parent or subsidiary of the successor 

  
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corporation unless the Administrator elects to cause an Award to become fully exercisable and no longer subject to any forfeiture restrictions prior to the consummation of a Change in Control,
pursuant to Section 12.2 or (B) if the successor corporation or a parent or subsidiary of the successor corporation is not publicly-traded company, the Administrator shall cause the Award to become fully exercisable and no longer subject
to any forfeiture restrictions prior to the consummation of a Change in Control, pursuant to Section 12.2. 

(e)      In the event that the publicly-traded successor corporation in a Change in Control
refuses to assume or substitute for an Award (other than any portion subject to performance-based vesting), the Administrator may cause (i) any or all of such Award (or portion thereof) to terminate in exchange for cash, rights or other
property pursuant to Section 12.2(b)(i) or (ii) any or all of such Award (or portion thereof) to become fully exercisable immediately prior to the consummation of such transaction and all forfeiture restrictions on any or all of such Award
to lapse. If any such Award is exercisable in lieu of assumption or substitution in the event of a Change in Control, the Administrator shall notify the Holder that such Award shall be fully exercisable for a period of fifteen (15) days from
the date of such notice, contingent upon the occurrence of the Change in Control, and such Award shall terminate upon the expiration of such period. 

(f)      For the purposes of this Section 12.2, an Award shall be considered assumed if,
following the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration (whether shares, cash, or other securities or property) received
in the Change in Control by holders of Ordinary Shares for each Ordinary Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the
outstanding Ordinary Shares); provided, however, that if such consideration received in the Change in Control was not solely ordinary shares of the successor corporation or its parent, the Administrator may, with the consent of the
successor corporation, provide for the consideration to be received upon the exercise of the Award, for each Share subject to an Award, to be solely ordinary shares of the successor corporation or its parent equal in fair market value to the per-share consideration received by holders of Ordinary Shares in the Change in Control. 

(g)      The Administrator, in its sole discretion, may include such further provisions and
limitations in any Award, agreement or certificate, as it may deem equitable and in the best interests of the Company that are not inconsistent with the provisions of the Plan. 

(h)      The existence of the Plan, any Program, any Award Agreement and/or the Awards granted
hereunder shall not affect or restrict in any way the right or power of the Company or the shareholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or
its business, any merger or consolidation of the Company, any issue of shares or of options, warrants or rights to purchase shares or of bonds, debentures, preferred or prior preference shares whose rights are superior to or affect the Ordinary
Shares or the rights thereof or which are convertible into or exchangeable for Ordinary Shares, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or
proceeding, whether of a similar character or otherwise. 

  
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 (i)      In the event of any pending share
dividend, share split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to shareholders, or any other change affecting the Ordinary Shares or the share price of the
Ordinary Shares including any Equity Restructuring, for reasons of administrative convenience, the Administrator, in its sole discretion, may refuse to permit the exercise of any Award during a period of up to thirty (30) days prior to the
consummation of any such transaction. 
 12.3      Approval of Plan by Shareholders.
The Plan shall be submitted for the approval of the Company’s shareholders within twelve (12) months after the date of the Board’s initial adoption of the Plan. 

12.4      No Shareholders Rights. Except as otherwise provided herein or in an applicable
Program or Award Agreement, a Holder shall have none of the rights of a shareholder with respect to Ordinary Shares covered by any Award until the Holder becomes the record owner of such Ordinary Shares. 

12.5      Paperless Administration. In the event that the Company establishes, for itself
or using the services of a third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of
Awards by a Holder may be permitted through the use of such an automated system. 

12.6      Effect of Plan upon Other Compensation Plans. The adoption of the Plan shall
not affect any other compensation or incentive plans in effect for the Company or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company or any Subsidiary: (a) to establish any other forms of incentives or
compensation for Employees, Directors or Consultants of the Company or any Subsidiary, or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose including without
limitation, the grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, share or assets of any corporation, partnership, limited liability company, firm or
association. 
 12.7      Compliance with Laws. The Plan, the granting and vesting of
Awards under the Plan and the issuance and delivery of Ordinary Shares and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all Applicable Laws (including U.S. securities law and margin
requirements), and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Any securities delivered under the Plan shall be subject
to such restrictions, and the person acquiring such securities shall, if requested by the Company, provide such assurances and representations to the Company as the Company may deem necessary or desirable to assure compliance with all Applicable
Law. The Administrator, in its sole discretion, may take whatever actions it deems necessary or appropriate to effect compliance with Applicable Law, including, without limitation, placing legends on share certificates and issuing stop-transfer
notices to agents and registrars. Notwithstanding anything to the contrary herein, the Administrator may not take any actions hereunder, and no Awards shall be granted, that would violate Applicable Law. To the extent permitted by Applicable Law,

  
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the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to Applicable Law. 

12.8      Titles and Headings, References to Sections of the Code or Exchange Act. The
titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of the Code or the Exchange Act
shall include any amendment or successor thereto. 
 12.9      Governing Law. The Plan
and any Programs and Award Agreements hereunder shall be administered, interpreted and enforced under the internal laws of the England and Wales without regard to conflicts of laws thereof or of any other jurisdiction. 

12.10      Unfunded Status of Awards. The Plan is intended to be an “unfunded”
plan for incentive compensation. With respect to any payments not yet made to a Holder pursuant to an Award, nothing contained in the Plan or any Program or Award Agreement shall give the Holder any rights that are greater than those of a general
creditor of the Company or any Subsidiary. 
 12.11      Indemnification. To the extent
permitted under Applicable Law and the Organizational Documents, each member of the Administrator shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by
such member in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any
and all amounts paid by him or her in satisfaction of judgment in such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she
undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Organizational Documents, as a
matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

12.12      Relationship to other Benefits. No payment pursuant to the Plan shall be taken
into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except to the extent otherwise expressly provided in writing in such
other plan or an agreement thereunder. 
 12.13      Expenses. Except as set forth in
Section 10.1 or 10.2, the expenses of administering the Plan shall be borne by the Company and its Subsidiaries. 
 * * * * *

  
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 APPENDIX A 

Additional U.S.-Specific Terms 

This Appendix A is incorporated by reference into the 2018 Farfetch Employee Equity Plan (as it may be amended or restated from time to
time, the “Plan”), to the extent applicable, with respect to any Participant (or any Subsidiary) subject to U.S. taxes or to the extent U.S. securities laws apply with respect to any Participant or otherwise with respect to any
Award. Unless otherwise provided below, capitalized terms used otherwise not defined in this Appendix A shall have the meaning set forth in the Plan. 

  1.1      “Greater Than 10% Shareholder” shall mean
an individual then owning (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of shares of the Company or any subsidiary corporation (as defined in Section 424(f) of the Code)
or parent corporation thereof (as defined in Section 424(e) of the Code). 

  1.2      “Incentive Share Option” shall mean an
Option that is intended to qualify as an “incentive stock option” and conforms to the applicable provisions of Section 422 of the Code. 

  1.3      
“Non-Qualified Share Option” shall mean an Option that is not an Incentive Share Option or which is designated as an Incentive Share Option but does not meet the applicable requirements of
Section 422 of the Code. 
   1.4      Administration.
Notwithstanding any provision of the Plan to the contrary (including, without limitation Sections 11.1, 11.2 and 11.6 of the Plan), to the extent necessary to comply with Rule 16b-3 of the Exchange Act, the
Committee shall take all action with respect to such Awards, and the individuals taking such action shall consist solely of two or more Non-Employee Directors, each of whom is intended to qualify as both a “non-employee director” as defined by Rule 16b-3 of the Exchange Act or any successor rule. 

  1.5      Qualification of Incentive Share Options. The
Administrator may grant Options intended to qualify as Incentive Share Options only to employees of the Company, any of the Company’s present or future “parent corporations” or “subsidiary corporations” as defined in
Sections 424(e) or (f) of the Code, respectively, and any other entities the employees of which are eligible to receive Incentive Share Options under the Code. No person who qualifies as a Greater Than 10% Shareholder may be granted an
Incentive Share Option unless such Incentive Share Option conforms to the applicable provisions of Section 422 of the Code. To the extent that the aggregate fair market value of share with respect to which “incentive stock options”
(within the meaning of Section 422 of the Code, but without regard to Section 422(d) of the Code) are exercisable for the first time by a Holder during any calendar year under the Plan, and all other plans of the Company and any parent
corporation or subsidiary corporation thereof (as defined in Section 424(e) and 424(f) of the Code, respectively), exceeds $100,000, the Options shall be treated as Non-Qualified Share Options to the
extent required by Section 422 of the Code. The rule set forth in the immediately preceding sentence shall be applied by taking Options and other “incentive stock options” into account in the order in which they were granted and the
fair market value of shares shall be determined as of the time the respective options were granted. Any interpretations and rules under the Plan with respect to Incentive 

  
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Share Options shall be consistent with the provisions of Section 422 of the Code. Neither the Company nor the Administrator shall have any liability to a Holder, or any other Person,
(a) if an Option (or any part thereof) which is intended to qualify as an Incentive Share Option fails to qualify as an Incentive Share Option or (b) for any action or omission by the Company or the Administrator that causes an Option not
to qualify as an Incentive Share Option, including without limitation, the conversion of an Incentive Share Option to a Non-Qualified Share Option or the grant of an Option intended as an Incentive Share
Option that fails to satisfy the requirements under the Code applicable to an Incentive Share Option. 

  1.6      Option and Share Appreciation Right Exercise Price.
The exercise price per Share subject to each Option and Share Appreciation Right shall be set by the Administrator, but shall not be less than 100% of the Fair Market Value of an Ordinary Share on the date the Option or Share Appreciation Right, as
applicable, is granted (or, as to Incentive Share Options, on the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code). In addition, in the case of Incentive Share Options granted to a Greater Than 10%
Shareholder, such price shall not be less than 110% of the Fair Market Value of an Ordinary Share on the date the Option is granted (or the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code).
Notwithstanding the foregoing, in the case of an Option or Share Appreciation Right that is a Substitute Award, the exercise price per Ordinary Shares subject to such Option or Share Appreciation Right, as applicable, may be less than the Fair
Market Value per share on the date of grant; provided that the exercise price of any Substitute Award shall be determined in accordance with the applicable requirements of Section 424 and 409A of the Code. 

  1.7      Option and SAR Term. The term of each Option (the
“Option Term”) and the term of each Share Appreciation Right (the “SAR Term”) shall be set by the Administrator in its sole discretion; provided, however, that the Option Term or SAR Term, as
applicable, shall not be more than (a) ten (10) years from the date the Option or Share Appreciation Right, as applicable, is granted to an Eligible Individual (other than, in the case of Incentive Share Options, a Greater Than 10%
Shareholder), or (b) five (5) years from the date an Incentive Share Option is granted to a Greater Than 10% Shareholder. 

  1.8      Section 409A. To the extent that the Administrator
determines that any Award granted under the Plan is subject to Section 409A, the Plan, the Program pursuant to which such Award is granted and the Award Agreement evidencing such Award shall incorporate the terms and conditions required by
Section 409A. In that regard, to the extent any Award under the Plan or any other compensatory plan or arrangement of the Company or any of its Subsidiaries is subject to Section 409A, and such Award or other amount is payable on account
of a Participant’s Termination of Service (or any similarly defined term), then (a) such Award or amount shall only be paid to the extent such Termination of Service qualifies as a “separation from service” as defined in
Section 409A, and (b) if such Award or amount is payable to a “specified employee” as defined in Section 409A then to the extent required in order to avoid a prohibited distribution under Section 409A, such Award or
other compensatory payment shall not be payable prior to the earlier of (i) the expiration of the six-month period measured from the date of the Participant’s Termination of Service, or (ii) the
date of the Participant’s death. To the extent applicable, the Plan, the Program and any Award Agreements shall be interpreted in accordance with Section 409A. Notwithstanding any 

  
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provision of the Plan to the contrary (including Section 2.7), if a Change in Control constitutes a payment event with respect to any Award (or any portion of an Award) that provides for the
deferral of compensation that is subject to Section 409A, to the extent required to avoid the imposition of additional taxes under Section 409A, the transaction or event described in subsection (a), (b), (c) or (d) with respect to
such Award (or portion thereof) shall only constitute a Change in Control for purposes of the payment timing of such Award if such transaction also constitutes a “change in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5). Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Administrator determines that any Award may be subject to Section 409A,
the Administrator may (but is not obligated to), without a Holder’s consent, adopt such amendments to the Plan and the applicable Program and Award Agreement or adopt other policies and procedures (including amendments, policies and procedures
with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (A) exempt the Award from Section 409A and/or preserve the intended tax treatment of the benefits provided with respect
to the Award, or (B) comply with the requirements of Section 409A and thereby avoid the application of any penalty taxes under Section 409A. The Company makes no representations or warranties as to the tax treatment of any Award under
Section 409A or otherwise. The Company shall have no obligation under this Section 1.7 or otherwise to take any action (whether or not described herein) to avoid the imposition of taxes, penalties or interest under Section 409A with
respect to any Award and shall have no liability to any Holder or any other person if any Award, compensation or other benefits under the Plan are determined to constitute non-compliant, “nonqualified
deferred compensation” subject to the imposition of taxes, penalties and/or interest under Section 409A. 

  1.9      Termination of Service. With respect to Incentive
Share Options, unless the Administrator otherwise provides in the terms of any Program, Award Agreement or otherwise, or as otherwise required by Applicable Law, a leave of absence, change in status from an employee to an independent contractor or
other change in the employee-employer relationship shall constitute a Termination of Service only if, and to the extent that, such leave of absence, change in status or other change interrupts employment for the purposes of Section 422(a)(2) of
the Code and the then-applicable regulations and revenue rulings under said Section. 

  1.10      Shares available for Awards.  No Ordinary
Shares may again be optioned, granted or awarded if such action would cause an Incentive Share Option to fail to qualify as an incentive share option under Section 422 of the Code. Substitute Awards shall not reduce the Ordinary Shares
authorized for grant under the Plan, except as may be required by reason of Section 422 of the Code. 

  1.11      Notification Regarding Disposition. The Holder
shall give the Company prompt written or electronic notice of any disposition of Ordinary Shares acquired by exercise of an Incentive Share Option which occurs within (a) two years from the date of granting (including the date the Option is
modified, extended or renewed for purposes of Section 424(h) of the Code) such Option to such Holder, or (b) one year after the date of transfer of such Ordinary Shares to such Holder. Such notice shall specify the date of such disposition
or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by the Holder in such disposition or other transfer. 

  
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  1.12      Transfer of Awards. The Administrator, in its sole
discretion, may determine to permit a Holder to transfer Incentive Share Options to a trust that constitutes a Permitted Transferee if, under Section 671 of the Code and other Applicable Law, the Holder is considered the sole beneficial owner
of the Incentive Share Option while it is held in the trust. 
 1.13      Adjustment of
Awards.  Unless otherwise determined by the Administrator, no adjustment or action described in Section 12.2 or in any other provision of the Plan shall be authorized to the extent it would (i) cause the Plan to violate
Section 422(b)(1) of the Code, (ii) cause an Award to fail to be exempt from or comply with Section 409A, (iii) result in short-swing profits liability under Section 16 of the Exchange Act or (iv) violate the exemptive
conditions of Rule 16b-3 of the Exchange Act, as applicable. 

  1.14      Limitations Applicable to Section 16
Persons. Notwithstanding any other provision of the Plan, the Plan, and any Award granted or awarded to any individual who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any
applicable exemptive rule under Section 16 of the Exchange Act (including Rule 16b-3 of the Exchange Act and any amendments thereto) that are requirements for the application of such exemptive rule. To
the extent permitted by Applicable Law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

  1.15      Section 162(m). To the maximum extent permitted
under Section 162(m) of the Code and Applicable Law, Awards under this Plan shall not be subject to the deduction limit set forth in U.S. Treasury Regulation 1.162-27(b) pursuant to Section 162(m) of
the Code and the rules and regulations promulgated thereunder (the “162(m) Deduction Limitation”). To the extent any Awards under the Plan would otherwise be subject to the 162(m) Deduction Limitation, such Awards shall not be
subject to the Deduction Limitation to the extent they qualify for any post-public offering reliance period deduction limit exception set forth in U.S. Treasury Regulation 1.162-27(f) (or any successor
thereto), and the Plan and Award Agreements shall be interpreted accordingly. 

  
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