Document:

EX-10.6

 Exhibit 10.6 

FIDELITY & GUARANTY LIFE EMPLOYEE INCENTIVE PLAN 

1. Establishment and Purpose 

Fidelity & Guaranty Life Business Services, Inc., a Delaware corporation (the “Company”), hereby
establishes the Fidelity & Guaranty Life Employee Incentive Plan (the “Plan”), effective April 7, 2011. The purpose of the Plan is to promote the long-term growth and profitability of the Company by
(a) providing eligible employees with incentives to contribute to the financial success of the Company through their services, (b) motivating eligible employees and rewarding achievement of Company and individual business goals, and
(c) enabling the Company to attract, retain, and reward the best-available talent. 
 2. Eligibility 

All permanent full-time or part-time employees of the Company, other than employees who are eligible to participate in the Company’s
Sales Incentive Plan, may be eligible for a benefit under this Plan, subject to the terms of the Plan. Temporary employees and consultants are not eligible for any benefit under the Plan. The Administrator (defined in Section 5) may determine,
in its discretion, which employees may be eligible for a benefit under the Plan. 
 3. Bonuses 

(a) Annual Target. The Company will communicate to eligible employees their individual annual target bonus opportunity. The
target bonus opportunity will be a percentage of the employee’s Earned Salary. “Earned Salary” means, for purposes of the Plan, the employee’s regular base salary actually earned during the applicable calendar year
performance period, before reduction for 401(k) plan and section 125 plan (cafeteria plan) contributions, but excluding overtime compensation. 

(b) Performance Metrics. The actual amount of a bonus payable to an eligible employee for a calendar year performance period
will be determined, in the discretion of the Administrator, by comparing actual Company performance to Company financial goals set by the Administrator for the calendar year performance period, and considering the individual’s performance
rating determined as part of the Company’s annual performance management process. The relative weight of Company performance and individual performance in determining an actual bonus amount will be determined by the Administrator. 

(c) Determination of Bonus Amounts. As soon as administratively practicable after the end of the calendar year performance
period, the Company’s business unit heads will determine an amount of each eligible employee’s potential bonus, if any, based on performance and recommend an amount to the Company’s Vice President, Human Resources (the
“VP”). Actual payment to eligible employees, other than those who report directly to the Company’s Chief Executive Officer (“CEO”), must be first approved by the VP and the CEO. Actual payment to
eligible employees who report directly to the CEO must be first approved by the Compensation Committee of Fidelity & Guaranty Life Holdings, Inc. (the “Compensation Committee”). 

4. Payment of Bonuses 
 (a)
Eligibility for Payment of Bonus. To be eligible to receive a bonus payment under this Plan, the eligible employee must (i) work as a Company employee for more than three full months during the calendar year performance period,
(ii) be employed by and continue to perform services for the Company in good standing through January 1 of the calendar year immediately following the calendar year performance period, (iii) have a rating of “Meets
Expectations” or higher on the employee’s performance evaluation for the calendar year performance period, (iv) not be on a Performance Improvement Plan as of December 31 of the calendar year performance period or as of the date
of payment of the bonus, and (v) not have been terminated by the Company for “cause,” as determined in the Company’s discretion, before payment of the bonus. 

(b) Timing and Form of Payment. If the Administrator determines that bonuses will be paid for a calendar year performance period, then
the Company will pay the bonuses to eligible employees in (i) cash or (ii) a combination of cash, a grant of stock options (subject to vesting over time), and/or other consideration, as determined in the sole discretion of the
Administrator, between January 1 and April 30 of the year after the performance year. Stock Options grants are subject to approval by the Compensation Committee and the Compensation Committee will determine the terms and conditions of any
grant or other consideration in its discretion. 

 5. Administration 

(a) Administration of the Plan. The Plan shall be administered by the CEO and the VP (collectively, the
“Administrator”). The day-to-day operation of the Plan, including activities such as employee notifications and communications with respect to the Plan, will be undertaken by the VP. 

(b) Powers of the Administrator. The Administrator shall have all the powers vested in it hereunder, such powers to include
authority, in its sole and absolute discretion, to determine whether any bonuses will be paid for any year, and the amount of any bonus. 

The Administrator shall have full power and authority to take any other action necessary to carry out the purpose and intent of the Plan,
including, but not limited to, the authority to: (i) determine the eligible persons to whom, and the time or times at which a bonus shall be granted; (ii) impose any term, limitation, restriction, and condition upon any bonus as the
Administrator shall deem appropriate; (iii) determine whether an employee is employed in good standing with the Company or has otherwise satisfied the requirements for a bonus to become payable; and (iv) establish any objective or
condition for earning a bonus and determining whether a bonus will be paid for a calendar year performance period. 
 The Administrator
shall have full power and authority, in its sole and absolute discretion, to administer, construe, and interpret the Plan and all other documents relevant to the Plan and any bonus issued thereunder, to establish, amend, rescind, and interpret any
rule, regulation, agreement, guideline, and instrument for the administration of the Plan and for the conduct of its business as the Administrator deems necessary or advisable, and to correct any defect, supply any omission, or reconcile any
inconsistency in the Plan or in any bonus in the manner and to the extent the Administrator shall deem it desirable to carry it into effect. 

(c) Non-Uniform Determinations. The Administrator’s determinations under the Plan (including, but not limited to,
determinations of the persons to receive a bonus, amount, and terms and provisions of such bonus) need not be uniform and may be made by the Administrator selectively among persons who receive, or are eligible to receive, a bonus, whether or not
such persons are similarly situated. 
 (d) No Liability. To the maximum extent permitted by law, no officer, director,
manager, employee, or designee of the Administrator shall be liable for any action taken or decision made in good faith relating to the Plan or any bonus thereunder. 

(e) Effect of Administrator’s Decision. Any action taken and decision made by the Administrator on any matter relating to
the Plan pursuant to the powers vested in it hereunder shall be in the Administrator’s sole and absolute discretion and shall be conclusive and binding on all parties concerned, including the Company, its stockholders, and any employee of the
Company, and their respective successors in interest. 
 (f) Discretionary Nature of Plan. The Administrator has full
discretion to determine whether any bonuses will be paid with respect to any calendar year performance period, and the amount of any bonus that may be paid. No bonus is guaranteed. The Administrator may decide not to pay a bonus for a year even if
eligibility requirements are met and performance goals are attained. 
 6. Miscellaneous 

(a) Withholding of Taxes. The Company may deduct from the bonus payments or from any other amount due the employee any tax
required to be withheld with respect to any bonus. 
 (b) Right to Offset. To the extent permitted by law, the Company
shall have the right to offset against its obligation to pay any portion of a bonus any outstanding amount of whatever nature that the employee then owes to the Company. 

  
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 (c) Transferability. No bonus or opportunity therefor shall be transferable or assignable
by any employee. 
 (d) Termination, Amendment, and Modification of the Plan. The Administrator may terminate, amend, or
modify the Plan or any portion thereof at any time. Except as otherwise determined by the Administrator, termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to any
bonus granted before the date of such termination. 
 (e) Non-Guarantee of Employment. Nothing in the Plan shall confer
to any person the right to continued employment with the Company or any affiliate for any period of time or interfere in any way with the right of the Company to terminate such employment at any time with or without cause or notice. The Plan shall
not be construed as a contract of employment between the Company and any employee. 
 (f) No Trust or Fund Created.
Neither the Plan nor any bonus shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and any employee. The Company shall not be required to set aside or otherwise earmark any
asset to ensure payment of any bonuses under the Plan, and no employee shall have any claim of right to any asset of the Company as a result of being eligible to receive a bonus or any bonus becoming payable. To the extent that any employee acquires
a right to receive any payment from the Company pursuant to a bonus, such right shall be no greater than the right of any general unsecured creditor of the Company. 

(g) Governing Law. The validity, construction, and effect of the Plan and of any rule, regulation, determination, or decision
made by the Administrator relating to the Plan, and any right of any person having or claiming to have any interest thereunder, shall be determined exclusively in accordance with the laws of the State of Maryland, without regard to its conflict of
laws principles. 
 (h) Section 409A. The Plan is intended to be exempt from Section 409A of the Internal
Revenue Code and the guidance thereunder (“Section 409A”). Should any provision of the Plan be found by the Administrator not to satisfy an exemption from Section 409A or otherwise comply with Section 409A, such
provision shall be modified and given effect (retroactively if necessary), in the sole discretion of the Administrator and without the consent of any employee, in such manner as the Administrator determines to be necessary or appropriate.
Notwithstanding the forgoing, no provision of the Plan shall be construed as a guarantee by the Company of any particular tax effect to any employee. 

(i) Headings. All headings in the Plan are for reference purposes only and shall not affect the meaning or interpretation of the
Plan. 
 (j) Severability. Should any provision of the Plan be held by a court of competent jurisdiction to be
unenforceable or invalid for any reason, the remaining provisions of the Plan shall not be affected by such holding and shall continue in full force in accordance with their terms. 

(k) Entire Agreement. The Plan constitutes the entire agreement with respect to the subject matter contained hereunder, and
there are no agreements, understandings, restrictions, representations, or warranties between any employee and the Company other than those provided hereunder. 

(l) Limitations on Actions. Any right of any employee or former employee against the Company arising out of or in connection
with the Plan or any bonus shall terminate, and any cause of action against the Company shall be barred, after the end of the one-year period starting on the date the action was taken or decision made from which such right or cause of action
arose. 

  
 - 3 -EX-10.7

 Exhibit 10.7 

FIDELITY & GUARANTY LIFE HOLDINGS, INC. 

STOCK INCENTIVE PLAN 

Article I 
 Purpose 

The purposes of this Fidelity & Guaranty Life Holdings, Inc. Stock Incentive Plan (the “Plan”) are to promote the
long-term success of Fidelity & Guaranty Life Holdings, Inc. (the “Company”) and to motivate retain and reward key executives and other selected employees of the Company. 

Article II 
 Definitions

 Whenever used herein, the following terms shall have the respective meanings set forth below: 

“Adjustment Event” means any dividend payable in capital stock, stock split, share combination, recapitalization,
reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares or other similar event affecting the Common Stock and, for the avoidance of doubt, shall not include any cash dividend. 

“Administrator” means the compensation committee of the Board or such other committee as the Board shall designate from time
to time. 
 “Alternative Award” has the meaning set forth in Section 8.2. 

“Board” means the board of directors of the Company. 

“Cause” shall, as to any Participant who is party to an employment agreement with the Company or a Subsidiary, have the
meaning set forth in such employment agreement, or, in the absence of such an employment agreement, shall mean the Participant (i) shall have been convicted, indicted for, or entered a plea of nolo contendere to, any felony or any other
act involving fraud, theft, misappropriation, dishonesty, or embezzlement, (ii) shall have committed intentional and willful acts of misconduct that materially impair the goodwill or business of the Company or cause material damage to
its or their property, goodwill, or business or (iii) shall have willfully refused to, or willfully failed to, perform in any material respect his duties, provided, however, that no such termination for Cause shall be effective unless
the Participant does not cure such refusal or failure to the Company’s reasonable satisfaction as soon as practicable after the Company gives the Participant written notice identifying such refusal or failure (and, in any event, within ten
(10) calendar days after receipt of such written notice). The determination as to whether “Cause” has occurred shall be made by the 

 
Administrator, which shall have the authority to waive the consequences under the Plan of the existence or occurrence of any of the events, acts or commissions constituting “Cause.” A
termination for Cause shall be deemed to include a determination following a Participant’s termination of employment for any reason that circumstances existed prior to such termination sufficient for the Company or one of its Subsidiaries to
have terminated such Participant’s employment for Cause. 
 “Change in Control” means the first to occur of the
following events after the Grant Date (i) the sale, transfer or other disposition of all or substantially all of the assets of the Company to one or more persons or entities that are not, immediately prior to such sale, transfer or other
disposition, affiliates of the Company; (ii) the acquisition, directly or indirectly, by any person, entity or “group” (as defined in Section 13(d) of the Securities Exchange Act of 1934, as amended), other than the
Company, any Subsidiary, Harbinger Group or any of their respective affiliates, of a majority of the combined voting power of the Company’s then outstanding voting securities; (iii) the merger or consolidation of the Company, as a
result of which persons who were stockholders of the Company immediately prior to such merger or consolidation, do not, immediately thereafter, own, directly or indirectly, a majority of the combined voting power entitled to vote generally in the
election of directors of the merged or consolidated company; or (iv) the liquidation or dissolution of the Company other than a liquidation or dissolution for the purposes of effecting a corporate restructuring or reorganization as a
result of which persons who were stockholders of the Company immediately prior to such liquidation or dissolution continue to own immediately thereafter, directly or indirectly, a majority of the combined voting power entitled to vote generally in
the election of directors of the entity that owns, directly or indirectly, substantially all of the assets of the Company following such transaction. 

“Change in Control Price” means the price per share of Common Stock offered in conjunction with any transaction resulting in
a Change in Control. If any part of the offered price is payable other than in cash, the Change in Control Price shall be determined in good faith by the Administrator. 

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

“Common Stock” means the common stock of the Company, par value .01. 

“Company” has the meaning set forth in Article I. 

“Disability” shall, as to any Participant who is party to an employment agreement with the Company or a Subsidiary containing
a definition of Disability, have the meaning set forth in such employment agreement, or, in the absence of such an employment agreement, shall mean a long-term disability as defined in the Company’s long-term disability policy or program then
applicable to such Participant. 

  
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 “Fair Market Value” means, as of any date prior to a Public Offering, the per
share fair market value on such date of a share of Common Stock as determined in good faith by the Administrator, in compliance with Section 409A of the Code. In making a determination of Fair Market Value, the Administrator shall give due
consideration to such factors as it deems appropriate, including, but not limited to, the earnings and other financial and operating information of the Company in recent periods, the potential value of the Company as a whole, the future prospects of
the Company and the industries in which it competes, the history and management of the Company, the general condition of the securities markets, the fair market value of securities of companies engaged in businesses similar to those of the Company
and any recent valuation of the Common Stock that shall have been performed by an independent valuation firm (although nothing herein shall obligate the Administrator to obtain any such independent valuation). Following a Public Offering, Fair
Market Value shall mean the closing price for a share of Common Stock on the primary national exchange (including NASDAQ) on which such shares are then traded on the trading day immediately preceding the date as of which such Fair Market Value is
determined. 
 “Grant Date” means, with respect to an Option granted pursuant to the Plan, the date on which such Option is
granted. 
 “Harbinger Group” means Harbinger Group Inc. 

“Option” means a right granted pursuant to Section 6.1 of the Plan to a Participant to purchase one share of Common
Stock. No Option shall be deemed an incentive stock option within the meaning of Section 422 of the Code. 
 “Option
Agreement” means an agreement between the Company and a Participant embodying the terms of any Options granted pursuant to the Plan and in the form approved by the Administrator from time to time for such purpose, which agreement may
contain such other terms and conditions as the Administrator may determine; provided that such other terms and conditions are not inconsistent with the provisions of this Plan. 

“Participant” means an officer, employee, non-employee director or consultant of or to the Company or any Subsidiary who has
been granted an Option under the Plan; provided that, in the case of the death of a Participant, the term “Participant” refers to a beneficiary designated pursuant to Section 11.5 or the legal guardian or other legal representative
acting in a fiduciary capacity on behalf of the Participant’s estate or heirs under applicable state law and court supervision. 

“Plan” has the meaning set forth in Article I. 

“Public Offering” means the first day as of which sales of Common Stock are made to the public in the United States pursuant
to an underwritten public offering of the Common Stock led by one or more underwriters at least one of which is an underwriter of nationally recognized standing. 

  
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 “Subscription Agreement” means a stock subscription agreement between a
Participant and the Company embodying the terms of any stock purchase made pursuant to the Plan and in a form approved by the Administrator from time to time for such purpose. 

“Subsidiary” means any corporation, limited liability company, partnership or other entity of which a majority of the
outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company. 
 Article III 

Administration 

Section 3.1 Administrator. The Plan shall be administered by the Administrator. The Administrator may prescribe, amend and rescind
rules and regulations relating to the administration of the Plan, provide for conditions and assurances it deems necessary or advisable to protect the interests of the Company and make all other determinations necessary or advisable for the
administration and interpretation of the Plan. Any authority exercised by the Administrator under the Plan shall be exercised by the Administrator in its sole discretion. Determinations, interpretations or other actions made or taken by the
Administrator under the Plan or under Options granted under the Plan shall be final, binding and conclusive for all purposes and upon all persons. 

Section 3.2 Authority of the Administrator. The Administrator has the exclusive power, authority and discretion to: 

(a) Grant Options; 
 (b) Designate
Participants; 
 (c) Determine the number of Options to be granted to a Participant; 

(d) Determine the terms and conditions of any Option granted under the Plan, including but not limited to, the exercise price, any restrictions
or limitations on the Option, any schedule for vesting, lapse of forfeiture restrictions or restrictions on the exercisability of an Option and accelerations or waivers thereof, and events of forfeiture based in each case on such considerations as
the Administrator in its sole discretion determines; 

  
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 (e) Accelerate the vesting or lapse of restrictions of any outstanding Option, based in each case
on such considerations as the Administrator in its sole discretion determines; 
 (f) Determine whether, to what extent and under what
circumstances an Option may be settled in, or the exercise price of an Option may be paid in, cash, Common Stock, Options, or other property, or any Option may be canceled, forfeited or surrendered; 

(g) Prescribe the form of each Option Agreement; 

(h) Decide all other matters that must be determined in connection with an Option; 

(i) Establish, adopt or revise any rules and regulations as it may deem necessary or advisable to administer the Plan and appoint such agents
as it shall deem appropriate for the proper administration of the Plan; 
 (j) Amend the Plan or any Option Agreement as provided in Article
X; and 
 (k) Make all other decisions and determinations that may be required under the Plan or as the Administrator deems necessary or
advisable to administer the Plan. 
 Section 3.3 Delegation of Authority. The Administrator, in its sole discretion and on such
terms and conditions as it may provide, may delegate all or any part of its authority and powers under the Plan to one or more directors or officers of the Company. 

Article IV 
 Shares Subject to
the Plan 
 Section 4.1 Number of Shares. Subject to adjustment as provided in Section 4.3, the maximum number of
shares of Common Stock that may be issued under the Plan or be subject to Options may not exceed 205,028 shares. The shares of Common Stock to be delivered under the Plan may consist, in whole or in part, of authorized but unissued shares of Common
Stock that are not reserved for any other purpose. 
 Section 4.2 Canceled, Terminated or Forfeited Options. If any Option
expires or is for any reason forfeited, canceled or otherwise terminated, the Shares subject to such Option shall again be available for grant under the Plan. 

Section 4.3 Adjustment in Capitalization. In the event of any Adjustment Event affecting the Common Stock, the Administrator shall
make an equitable and proportionate anti-dilution adjustment to offset any resultant change in the pre-share price of the Common Stock and preserve the intrinsic value of Options granted under the Plan.

  
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Such mandatory adjustment may include a change in any or all of (a) the number and kind of shares of Common Stock which thereafter may be awarded under the Plan (including, but not
limited to, adjusting any limits on the number and types of awards that may be made under the Plan), (b) the number and kind of shares of Common Stock subject to outstanding Options, and (c) the grant, exercise or conversion
price with respect to any Option. In addition, the Administrator may make provisions for a cash payment to a Participant or a person who has an outstanding Option. The number of shares of Common Stock subject to any Option shall be rounded to the
nearest whole number. Any such adjustment shall be consistent with sections 424 and 409A of the Code to the extent the Options subject to adjustment are subject to such sections of the Code. 

Article V 
 Eligibility and
Participation 
 Options may be granted only to individuals who are employees, officers, non-employee directors or consultants of or to
the Company or a Subsidiary, as determined by the Administrator. 
 Article VI 

Stock Options 

Section 6.1 Grant of Options. The Administrator is authorized to grant Options to Participants at such time as it shall determine.
Options granted pursuant to the Plan shall not be “incentive stock options” as defined in the Code. Each Option granted to a Participant shall be evidenced by an Option Agreement that shall specify the number of shares of Options granted,
the exercise price at which shares of Common Stock may be purchased pursuant to the Options, the duration of such Options (not to exceed the seventh anniversary of the Grant Date), and such other terms as the Administrator shall determine. 

Section 6.2 Exercise Price. The exercise price per share of Common Stock to be purchased upon exercise of an Option shall not be
less than the Fair Market Value of a share of Common Stock on the Grant Date. 
 Section 6.3 Vesting and Exercisability of
Options. Options shall become vested or exercisable in accordance with the vesting schedule or upon the attainment of such performance criteria as shall be specified by the Administrator on or before the Grant Date. Unless otherwise determined
by the Administrator on or before the Grant Date, one-third of the Options granted to a Participant shall vest and become exercisable on each of the first three anniversaries of the Grant Date, subject to the Participant remaining employed through
such dates. The Administrator may accelerate the vesting or exercisability of any Option, all Options or any class of Options at any time and from time to time. 

  
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 Section 6.4 Exercise of Options. The Administrator shall establish procedures
governing the exercise of Options, which procedures shall, unless the Administrator determines otherwise, generally require that prior written notice of exercise be given and that the exercise price be paid in full in cash, cash equivalents or other
readily-available funds at the time of exercise, or, if so permitted by the Administrator (and on such conditions as the Administrator shall determine), (a) by tender of any shares of Common Stock owned by such Participant for at least a
six month period for all or a portion of the applicable exercise price and/or minimum required withholding taxes, (b) through a net issuance arrangement pursuant to which a number of shares of Common Stock subject to the portion of the
Option being exercised, having a Fair Market Value equal to the applicable exercise price plus the required minimum withholding taxes, are retained by the Company, or (c) following a Public Offering, by using a broker assisted cashless exercise
program acceptable to the Administrator. Unless the Administrator shall determine otherwise, prior to a Public Offering, as a condition to exercise of any Option, a Participant shall enter into a Subscription Agreement applicable to the shares of
Common Stock issuable pursuant to the Option. 
 Section 6.5 Term of Options. In no event shall any Option be exercisable more
than seven years after the Grant Date. 
 Article VII 

Termination of Employment 

Section 7.1 Treatment of Options. Unless otherwise determined by the Administrator on or before the Grant Date, if a
Participant’s employment with the Company terminates, such Participant’s outstanding Options shall be treated as set forth below. 

(a) Termination by the Company for Cause. Unless otherwise determined by the Administrator, if a Participant’s employment with the
Company is terminated for Cause, any outstanding Options held by the Participant, vested or unvested, shall be immediately forfeited and canceled, effective as of the date of the Participant’s termination of employment. 

(b) Termination for Any Other Reason. The treatment of a Participant’s Options upon a termination of employment for any reason
other than for Cause shall be as set forth in the Participant’s Option Agreement pertaining to such Options. 
 Section 7.2
Call Rights Upon Termination of Employment Prior to a Public Offering. Each Subscription Agreement shall provide that the Company and Harbinger Group shall have successive rights prior to a Public Offering to purchase all or any portion of a
Participant’s Common Stock upon any termination of employment, at such time and at a purchase price per share equal to the Fair Market Value of a share of 

  
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Common Stock as of the date specified in the Subscription Agreement (or, if the Participant’s employment is terminated for Cause, for a purchase price per share equal to the lesser of
(a) the Fair Market Value of a share of Common Stock as of the date specified in the Subscription Agreement and (b) such Participant’s per share purchase price). 

Article VIII 
 Change in Control

 Section 8.1 Vesting and Cancellation. Unless otherwise determined by the Administrator or as provided in
Section 8.2, in the event of a Change in Control, (a) time-based vesting restrictions on all outstanding Options that vest based on the passage of time shall lapse and such time-based Options shall vest and (b) to the
extent performance hurdles applicable to outstanding performance-vesting Options have been satisfied immediately prior to the Change in Control as determined by the Administrator in its full discretion, unvested outstanding performance-based Options
shall vest. Any performance-based Options that do not vest in accordance with the preceding sentence shall immediately be forfeited and canceled. Upon such Change in Control, each Option that vests prior to or in connection with the Change in
Control shall be canceled in exchange for a payment in an amount or with a value equal to the excess, if any, of the Change in Control Price over the exercise price for such Option. 

Section 8.2 Alternative Award. Notwithstanding Section 8.1, no cancellation, acceleration or other payment shall occur with
respect to any Options in connection with a Change in Control if the Administrator reasonably determines in good faith, prior to the occurrence of a Change in Control, that such Options shall be honored or assumed, or new rights substituted therefor
following the Change in Control (such honored, assumed or substituted award, an “Alternative Award”), provided that any Alternative Award must: 

(a) Give the Participant who held such Option rights and entitlements substantially equivalent to or better than the rights and terms
applicable under such Option, including, but not limited to, an identical or better exercise and vesting schedule, and identical or better timing and methods of payment; and 

(b) Have terms such that if, following a Change in Control, a Participant’s employment is involuntarily or constructively terminated
(other than for Cause) at a time when any portion of the Alternative Award is unvested, the unvested portion of such Alternative Award shall immediately vest in full and such Participant shall receive a cash payment equal to the excess (if any) of
the fair market value of the stock subject to the Alternative Award on the date of surrender over the price that such Participant would be required to pay to exercise such Alternative Award or shall have an immediate right to exercise such
Alternative Award and receive shares that are then publicly-traded. 

  
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 Section 8.3 Limitation of Benefits. Unless otherwise provided in the Option
Agreement, if, whether as a result of accelerated vesting, the grant of an Alternative Award or otherwise, a Participant would receive any payment, deemed payment or other benefit as a result of Section 8.1 or Section 8.2 that, together
with any other payment, deemed payment or other benefit a Participant may receive under any other plan, program, policy or arrangement, would constitute an “excess parachute payment” under Section 280G of the Code, then,
notwithstanding anything in this Plan to the contrary, the payments, deemed payments or other benefits such Participant would otherwise receive under Section 8.1 shall be reduced to the extent necessary to eliminate any such excess parachute
payment and such Participant shall have no further rights or claims with respect thereto. If the preceding sentence would result in a reduction of the payments, deemed payments or other benefits a Participant would otherwise receive in more than an
immaterial amount, the Company will use commercially reasonable efforts to seek the approval of the Company’s shareholders in the manner provided for in Section 280G(b)(5) of the Code and the regulations thereunder with respect to such
reduced payments or other benefits (if the Company is eligible to do so), so that such payments would not be treated as “parachute payments” for these purposes (and therefore would cease to be subject to reduction pursuant to this
Section 8.3). 
 Article IX 

Authority to Vary Terms or Establish Foreign Plans 

The Administrator may vary the terms of Options granted under the Plan, or establish sub-plans under the Plan to authorize the grant of awards
that have additional or different terms or features from those otherwise provided for in the Plan, if and to the extent the Administrator determines necessary or appropriate to permit the grant of awards that are best suited to further the purposes
of the Plan and to comply with applicable securities laws in a particular jurisdiction or provide terms appropriate suited for Participants in such jurisdiction in light of the tax laws of such jurisdiction while being as consistent as otherwise
possible with the terms of Options under the Plan; provided that this Article IX shall not be deemed to authorize any increase in the number of shares of Common Stock available for issuance under the Plan set forth in Section 4.1. 

Article X 
 Amendment,
Modification and Termination of the Plan 
 The Administrator may terminate or suspend the Plan at any time, and may amend or modify the
Plan from time to time. No amendment, modification, termination or suspension of the Plan shall have a substantial adverse effect on the economic terms of any Options previously granted pursuant to the Plan without the consent of the Participant
holding such Option or the consent of a majority of Participants holding similar Options (such majority to be determined based on the number of shares covered by such Options). Shareholder approval of any such amendment, modification, termination or
suspension shall be obtained to the extent mandated by applicable law, or if otherwise deemed appropriate by the Administrator. 

  
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 Article XI 

Miscellaneous 

Section 11.1 Nontransferability of Awards. Except as otherwise provided herein, or as the Administrator may permit on such terms
as it shall determine or, following vesting, as provided in an applicable Subscription Agreement, the Participant shall not sell, transfer, pledge, assign, hedge, encumber or otherwise alienate or hypothecate any shares of Common Stock issued
pursuant to the Plan to any Person other than the Company or by will or by the laws of descent and distribution and provided that the deceased Participant’s beneficiary or the representative of his or her estate acknowledges and agrees in
writing, in a form reasonably acceptable to the Company, to be bound by the provisions of the Plan, the Option Agreement, any Subscription Agreement as if such beneficiary or estate were the Participant. All rights with respect to Options granted to
a Participant under the Plan shall be exercisable during the Participant’s life-time by such Participant only (or, in the event of the Participant’s Disability, such Participant’s legal representative). Following a Participant’s
death, all rights with respect to Options that were outstanding at the time of such Participant’s death and have not terminated shall be exercised by his designated beneficiary or by his estate in the absence of a designated beneficiary. 

Section 11.2 Tax Withholding. The Company or the Subsidiary employing a Participant shall have the power to withhold, or to
require such Participant to remit to the Company or such Subsidiary, an amount (in cash, from other compensation payable to the Participant, or in shares of Common Stock granted under the Plan) sufficient to satisfy all U.S. federal, state, local
and any non-U.S. withholding tax or other governmental tax, charge or fee requirements in respect of any award granted or payment made under the Plan. 

Section 11.3 No Guarantee of Employment or Participation. Nothing in the Plan or in any agreement granted hereunder shall
interfere with or limit in any way the right of the Company or any Subsidiary to terminate any Participant’s employment or retention at any time, or confer upon any Participant any right to continue in the employ or retention of the Company or
any Subsidiary. No Employee shall have a right to be selected as a Participant or, having been so selected, to receive any Options. 

Section 11.4 No Limitation on Compensation; No Impact on Benefits. Nothing in the Plan shall be construed to limit the right of
the Company or any Subsidiary to establish other plans or to pay compensation to its officers, employees, non-employee directors or consultants, in cash or property, in a manner that is not expressly authorized under the Plan. Except as may
otherwise be specifically and unequivocally stated under any employee benefit plan, policy or program, no amount payable in respect of any 

  
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Option shall be treated as compensation for purposes of calculating a Participant’s rights under any such plan, policy or program. The selection of an individual as a Participant shall
neither entitle such individual to, nor disqualify such individual from, participation in any other award or incentive plan. 

Section 11.5 No Rights to Damages. Nothing in the Plan or in any Option Agreement shall impose upon the Company, any Subsidiary or
the Administrator any liability in connection with the provision, loss or payment of benefits or rights under the Plan, the exercise of discretion under the Plan or the failure or refusal of any person to exercise discretion under the Plan, and/or a
Participant ceasing to be a person eligible to be a Participant under the Plan for any reason as a result of a termination of employment or service. 

Section 11.6 Beneficiary Designation. Pursuant to such rules and procedures as the Administrator may from time to time establish,
a Participant may name a beneficiary or beneficiaries (who may be named contingently or successively) by whom any right under the Plan is to be exercised in case of such Person’s death. Each designation will revoke all prior designations by the
same Participant, shall be in a form reasonably prescribed by the Administrator, and will be effective only when filed by the Participant in writing with the Administrator during the Participant’s lifetime. 

Section 11.7 Requirements of Law. The granting of Options and the issuance of shares of Common Stock pursuant to the Plan shall be
subject to all applicable laws, rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. No Options shall be granted under the Plan, and no shares of Common Stock shall be issued
under the Plan, if such grant or issuance would result in a violation of applicable law, including U.S. federal securities laws and any applicable state or non-U.S. securities laws. 

Section 11.8 Freedom of Action. Nothing in the Plan or any Option Agreement shall be construed as limiting or preventing the
Company or any Subsidiary from taking any action that it deems appropriate or in its best interest (as determined in its sole and absolute discretion) and no Participant (or person claiming by or through a Participant) shall have any right relating
to the diminishment in the value of any Option as a result of any such action. The foregoing shall not constitute a waiver by a Participant, in the Participant’s capacity as a shareholder of the Company, of any breach of fiduciary duty. 

Section 11.9 Unfunded Plan; Plan Not Subject to ERISA. The plan is an unfunded plan and Participants shall have the status of
unsecured creditors of the Company. The Plan is not intended to be subject to the Employee Retirement Income and Security Act of 1974, as amended. 

Section 11.10 Term of Plan. The Plan shall be effective as of November 2, 2011, (the “Effective Date”) and
shall continue in effect, unless sooner terminated pursuant to Article X, until the seventh anniversary of such date. The provisions of the Plan shall continue thereafter to govern all outstanding Options. 

  
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 Section 11.11 No Shareholder Rights. No Participant shall have any of the rights of a
shareholder of the Company unless and until shares of Common Stock are in fact issued to such Participant in connection with an Option. 

Section 11.12 Titles and Headings. The titles and headings of the sections in this 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. 
 Section 11.13 Gender and
Number. Except where otherwise indicated by the context, any masculine term used herein shall also include the feminine; the plural shall include the singular and the singular shall include the plural. 

Section 11.14 Use of the term “Employ”. The words “employment,” “employ” and corollary terms used
herein and in any Option Agreement with respect to a non-employee director or consultant shall be construed to refer to such non-employee director’s service as a non-employee member of the board of directors of the Company or such
consultant’s service as a consultant to the Company. The phrase “employment with the Company” and corollary terms used herein and in any Option Agreement with respect to an officer or employee shall be construed to refer to the
employment with the Company and/or any Subsidiary of the Company that actually employs such officer or employee. 
 Section 11.15
Fractional Shares. No fractional shares shall be issued in settlement of an Option under the Plan. 
 Section 11.16 Governing
Law. THIS PLAN, AND ALL AGREEMENTS HEREUNDER, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE APPLICATION OF RULES OF CONFLICTS OF LAW THAT WOULD APPLY THE LAWS OF ANY OTHER
JURISDICTION. 
 Section 11.17 Arbitration. Any dispute, controversy or claim arising out of or pursuant to the Plan, any
agreement entered into pursuant to the Plan or any undertakings, covenants and agreements incorporated by reference into this Plan shall be submitted to and finally determined by binding arbitration to be held in New York, New York at the American
Arbitration Association, before one arbitrator under an in accordance with the American Arbitration Association’s Commercial Rules, with each party to be responsible for its own attorney’s fees and costs incurred in connection therewith.
In the event that this arbitration provision is determined by a court with appropriate jurisdiction to be unenforceable, the Company and each Participant under the Plan, waives the right, if any, to a trial by jury of any claim that would have been
subject to arbitration under this Section 11.16. 

  
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 Section 11.18 409A Compliance. This Plan and the Option Agreements entered into
pursuant to the Plan are intended to be exempt from or comply with the requirements of Section 409A of the Code and shall be construed and interpreted in accordance with such intent. 

  
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