Document:

EX-10.23

 Exhibit 10.23 

MAUSER GROUP, N.V. 

EMPLOYEE SHARE PURCHASE PLAN 

Article I 
 Purpose 

The purpose of the Mauser Group, N.V. Employee Stock Purchase Plan (the “Plan”) is to provide employees of the Company and
its Designated Subsidiaries throughout the world the opportunity to purchase Shares from the Company. 
 The intent of the Plan is that, in
jurisdictions that offer advantageous tax treatment for such broad based employee share purchase programs, the offers to purchase made in such jurisdictions pursuant to the Plan will comply with such requirements to enhance the participation in the
Plan by eligible Employees and the Plan shall be operated, administered and interpreted to the maximum extent possible to comport such intent. So, for example, with respect to employees in the United States, the Plan is intended to qualify as an
“employee stock purchase plan” under Section 423 of the Code and the regulations promulgated thereunder. To the extent not inconsistent with the requirements of Section 423 of the Code, the Plan shall be treated as though two
plans, one for U.S.-based employees subject to the provisions of Section 423 of the Code and one for non-U.S. based employees, to the extent that their participation is not subject to such provisions.
With regard to offers of Share Purchase Rights under the Plan to employees working for the Company or a Designated Subsidiary outside the United States, this Plan authorizes the Administrator to grant Share Purchase Rights that are intended to
satisfy the terms of the Plan and the applicable legal requirements, including any provisions required to obtained tax advantaged treatment, if any, in such jurisdiction. Notwithstanding the foregoing, the Administrator shall have the authority to
determine that the Company will not offer Share Purchase Rights to employees of the Company and Designated Subsidiaries in any jurisdiction where such offers may not be made in compliance with applicable law, or where in the judgment of the
Administrator, the costs and burdens of compliance with such applicable law outweigh the benefits intended to be conveyed hereby. 
 Article
II 
 Definitions 

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

(a)    “Acquisition Date” means the last day of each Offering Period, as established by the
Administrator, and any other date during an Offering Period specified 

 
by the Administrator at which Shares shall be acquired. On any Acquisition Date in an Offering Period, the Shares subject to a Share Purchase Right granted under the Plan with respect to such
Offering Period shall be purchased by or on behalf of the Participant to the extent that, as of such Acquisition Date, the Participant has sufficient funds accumulated to exercise such Share Purchase Right. 

(b)    “Administrator” means, as applicable, the Board or any committee of the Board designated by the
Board to administer the Plan. If the Board or any such committee delegates administrative authority hereunder to any other person or group of persons pursuant to Section 10.2, such person or group of persons shall be deemed to be the
Administrator hereunder to such extent, except that further delegation by such persons shall not be permitted hereunder. 

(c)    “Affiliate” means, with respect to any Person, any other Person directly or indirectly
controlling, controlled by or under common control with, such Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act. 

(d)    “Board” means the Board of Directors of the Company. 

(e)    “Change in Control” means any consolidation or merger of the Company with or into any other
corporation or other entity or person, or any other corporate reorganization, other than any such consolidation, merger or reorganization in which the shareholders of the Company immediately prior to such consolidation, merger or reorganization,
continue to hold at least a majority of the voting power of the surviving entity in substantially the same proportions (or, if the surviving entity is a wholly owned subsidiary, its parent) immediately after such consolidation, merger or
reorganization; (ii) any transaction or series of related transactions to which the Company is a party in which in excess of 50% of the Company’s voting power is transferred; or (iii) a sale, lease, exclusive license or other
disposition of all or substantially all of the assets of the Company. 
 (f)    “Change in Control
Date” shall mean the first date as of which a Change in Control occurs. 
 (g)    “Code” means
the Internal Revenue Code of 1986, as amended. 
 (h)    “Company” means Mauser Group, N.V., a public
limited liability company (naamloze vennootschap) organized under the law of The Netherlands, and any successor thereto. 

(i)    “Compensation” means the base salary or wages and overtime of an Employee. Compensation shall be
determined in such manner as the Administrator shall determine in accordance with applicable law and local practice, provided that, in the United States, such compensation shall in all events be determined prior to the

  
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Employee’s pre-tax contributions pursuant to Section 125 or 401(k) of the Code and in any other jurisdiction, Compensation shall be determined in
a manner consistent with any requirements of applicable law. 
 (j)    “Contribution” means, with
regard to any Offering Period, the amount of an after-tax payroll deduction an Employee has made in accordance with such Employee’s payroll deduction authorization form in effect for such Offering Period.
A Contribution may be made to the Plan other than through the means of payroll deductions, if and to the extent that the Administrator determines that such alternative means is necessary to comply with applicable law, or is reasonably necessary or
appropriate to further the purposes of the Plan, such as may be necessary to allow Employees on a Company-approved leave of absence to participant in the Plan. 

(k)    “Designated Subsidiary” means each of the Subsidiary or Subsidiaries of the Company that have been
designated from time to time by the Administrator in its sole discretion as eligible to participate in the Plan with respect to a specified Offering Period. The Administrator shall have the authority to allow all (or any lesser number) of the
Company’s Subsidiaries to participate in the Plan. 
 (l)    “Effective Date” means the date on
which the Plan is approved by the shareholders of the Company, which date shall be within the twelve months before or after the date the Plan is approved by the Board. 

(m)    “Employee” means any person who performs services for, and who is classified as an employee on the
payroll records of, the Company or a Designated Subsidiary. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other leave of absence approved by the Company or
Designated Subsidiary and, where applicable, meeting the requirements of applicable law. For purposes of this Plan, unless the Administrator shall otherwise specify as required to comply with applicable law or otherwise in the discretion of the
Administrator to reflect common practice in the applicable jurisdiction (but subject to any limitation on such discretion as may be required to comply with Section 423), where the period of leave exceeds three (3) months and the
individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the first day immediately following such three (3)-month period. 

(n)    “Fair Market Value” means (i) with respect to Employees in the United States and other
employees who are subject to the provisions of Section 423 of the Code who are granted Share Purchase Rights, the closing price of a Share on the relevant date on the principal exchange or automated quotation system on which the Shares are then
traded and (ii) with respect to each other Employee, the fair market value of a Share determined by the Administrator, taking into account the legal requirements, prevailing 

  
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market practices and other pertinent factors in the relevant jurisdiction, based on any of the closing price, the opening price or the average of the high and low reported sales prices on the
relevant date, or an average of any such prices over a period of not more than 30 days commencing immediately prior to and ending on the relevant date, on the principal exchange or automated quotation system on which the Shares are then traded. 

(o)    “Offer Date” means the first day of each Offering Period, as established by the Administrator
prior to the commencement of the Offering Period. 
 (p)    “Offering Period” means a period of time
specified by the Administrator, beginning on the Offer Date and ending on the Acquisition Date. 

(q)    “Participant” means an Employee who becomes a participant in the Plan pursuant to Article V. 

(r)    “Person” means an individual, partnership, corporation, limited liability company, business trust,
joint stock company, trust, unincorporated association, joint venture, governmental authority or any other entity of whatever nature. 

(s)    “Purchase Price” means the purchase price per Share subject to the Share Purchase Right determined
pursuant to Section 6.3. 
 (t)    “Securities Act” means the Securities Act of 1933, as amended.

 (u)    “Share” means an ordinary share, €0.01 nominal value per share, of the Company and such
other shares or securities into which such shares are hereafter converted or for which such shares are exchanged. 

(v)    “Share Purchase Right” means a right that entitles the holder during a specified Offering Period
to purchase from the Company a stated number of Shares in accordance with, and subject to, the terms and conditions of the Plan. 

(w)    “Subsidiary” of an entity means any corporation in an unbroken chain of corporations beginning
with such entity if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

  
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 Article III 

Available Shares and Adjustments 

Section 3.1 Available Shares. Subject to adjustments as provided in this Article III, the maximum number of Shares available for
purchase under the Plan on or after the Effective Date is the number of Shares equal to 2% of the Shares outstanding immediately following the consummation of the Company’s underwritten public offering of Shares. Shares issued under the Plan
may be authorized but unissued Shares, Shares held in treasury or reacquired Common Stock. 
 Section 3.2 Adjustments. 

(a)    Changes in Capitalization. If and to the extent necessary or appropriate to reflect any share dividend,
extraordinary dividend, share split or share recombination or any recapitalization, merger, consolidation, exchange of shares, spin-off, liquidation or dissolution of the Company or other similar transaction
affecting the Company’s Shares (each, a “Corporate Event”), the Administrator shall, in such manner as it may deem equitable to prevent the diminution or enlargement of the rights of the Company and Participants hereunder by
reason of such Corporate Event, adjust any or all of the number and kind of Shares (or other securities or property) with respect to which a Share Purchase Right may be granted under the Plan (including, but not limited to, adjustments of the
limitations in Section 3.1 on the maximum number and kind of Shares that may be issued under the Plan). All determinations and adjustments made by the Administrator in good faith pursuant to this Section 3.2 shall be final and binding on
the affected Participants and the Company. 
 (b)    Change in Control. Notwithstanding any other provision of
this Plan, in the event of a Change in Control of the Company, the Administrator, in its sole discretion, may take whatever action it deems necessary or appropriate in connection therewith, including, but not limited to (i) shortening
any Offering Period then in progress such that the Acquisition Date is on or prior to the Change in Control Date, (ii) shortening any Offering Period then in progress and refunding any amounts accumulated in a Participant’s account
for such Offering Period, (iii) cancelling each outstanding Share Purchase Right as of the Change in Control Date and paying each holder thereof an amount equal to the difference between the per Share Fair Market Value as of the Change
in Control Date and the Purchase Price determined in accordance with Section 6.3, or (iv) for each outstanding Share Purchase Right, granting a substitute right to purchase shares in accordance with the principles set forth in and
applicable to options subject to Section 424 of the Code. Nothing in this Section 3.2(b) shall affect in any way the Company’s right to terminate the Plan at any time pursuant to Section 10.7 or Section 10.8. 

  
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 (c)    Insufficient Shares. If the Administrator determines that, on a
given Acquisition Date, the number of Shares that may be purchased under the outstanding Share Purchase Rights for the applicable Offering Period may exceed (i) the number of Shares that were available for issuance under the Plan on the
Offer Date of the applicable Offering Period or (ii) the number of Shares available for sale under the Plan on such Acquisition Date, including but not limited to by reason of a limitation on the maximum number of Shares that may be
purchased set by the Administrator pursuant to Section 6.2(a) or (b), the Administrator shall make a pro rata allocation of the Shares available for issuance on such Acquisition Date among all Participants purchasing Shares on such Acquisition
Date in as uniform a manner as shall be practicable and as it shall determine in its sole discretion to be equitable. 
 Article IV 

Eligibility 

Section 4.1 Eligible Employees. Any person who is an Employee of the Company or a Designated Subsidiary as of the Offer Date for a
given Offering Period shall be eligible to participate in the Plan for such Offering Period, subject to the requirements of this Article IV and any limitations imposed by applicable law, including, without limitation, Section 423(b) of the
Code. Notwithstanding the foregoing, the Administrator may, on a prospective basis and to the extent otherwise consistent with applicable law, (i) exclude from participation in the Plan any Employees (a) whose customary
employment is for not more than 20 hours per week or five months per year or (b) who are citizens or residents of a non-U.S. jurisdiction if grant of a Share Purchase Right under the Plan in
accordance with the applicable terms and conditions set forth herein is prohibited under the laws of such non-U.S. jurisdiction or compliance with the laws of such
non-U.S. jurisdiction would cause the Plan or any actions under the Plan to violate Section 423 of the Code and (ii) impose a generally applicable eligibility service requirement of up to two
years of employment. The Administrator may also determine that a designated group of highly compensated employees (within the meaning of Section 414(q) of the Code) are ineligible to participate in the Plan. 

Section 4.2 Five Percent Shareholders. Notwithstanding any other provision of the Plan to the contrary, no Employee shall be
eligible to participate in the Plan if, after giving effect to the grant of a Share Purchase Right in the next Offering Period, the Employee (or any other person whose stock would be attributed to the Employee pursuant to Section 424(d) of the
Code) owns and/or holds Shares and outstanding rights to purchase Shares possessing, in the aggregate, five percent or more of the total combined voting power or value of all issued and outstanding stock of the Company. 

Section 4.3 Employees Based Outside the United States. To conform with the provisions of local laws and regulations, or
with local compensation practices and 

  
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policies, in foreign countries in which the Company or any of its Subsidiaries or Affiliates operate, but subject to the limitations set forth herein regarding the maximum number of shares
issuable hereunder and the maximum award to any single Employee, the Administrator may (i) modify the terms and conditions of Awards granted to Participants employed outside the United States from those that would be applicable to
persons whose Share Purchase Rights are subject to the provisions of Section 423 of the Code (“Non-U.S. Awards”), (ii) establish subplans with respect to any jurisdiction
outside the United States with such modifications as may be necessary or advisable under the circumstances (“Subplans”), including to limit rights that may otherwise available under the Plan that would not be permissible in the
jurisdiction(s) to which such Subplan applies, and (iii) take any action which it deems advisable to obtain, comply with or otherwise reflect any necessary governmental regulatory procedures, exemptions or approvals with respect to the
Plan. The Administrator’s decision to grant Non-U.S. Awards or to establish Subplans is entirely voluntary, and at the complete discretion of the Administrator. The Administrator may amend, modify or
terminate any Subplans at any time, and such amendment, modification or termination may be made without prior notice to the Participants. The Company, its Subsidiaries and Affiliates and members of the Administrator shall not incur any liability of
any kind to any Participant as a result of any change, amendment or termination of any Subplan at any time. The benefits and rights provided under any Subplan or by any Non-U.S. Award (x) are
wholly discretionary and, although provided by either the Company, a Subsidiary or Affiliate, do not constitute regular or periodic payments and (y) except as otherwise required under applicable law, are not to be considered part of the
Participant’s salary or compensation under the Participant’s employment with the Participant’s local employer for purposes of calculating any severance, resignation, redundancy or other end of service payments, vacation, bonuses,
long-term service awards, indemnification, pension or retirement benefits, or any other payments, benefits or rights of any kind. 
 Article
V 
 Participation 

Section 5.1 Enrollment; Authorization of Contributions. An eligible Employee may become a Participant in the Plan by
completing a payroll deduction authorization form and any other required enrollment documents provided by the Administrator or its designee and submitting them to the Administrator or its designee in accordance with the rules established by the
Administrator. The enrollment documents, which may be in electronic form, shall set forth the portion of the Participant’s Compensation, including any minimum or maximum Contribution percentage that may be established by the Administrator,
including any minimum or maximum percentage increments, to be paid as Contributions pursuant to the Plan and any other conditions to participation that the Administrator may establish. An Employee’s payroll deduction authorization with respect
to any Offering Period shall become effective on the Offer Date. Amounts deducted from 

  
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a Participant’s Compensation pursuant to this Article V shall be credited to the Participant’s Plan account. Except to the extent required at applicable law, or as may otherwise be
specified by the Administrator, no interest shall be payable on the amounts credited to the Participant’s Plan account. 

Section 5.2 Automatic Enrollment for Subsequent Offering Periods. A Participant’s election to participate in the Plan with
respect to an Offering Period shall enroll such Participant in the Plan for each successive Offering Period at the same payroll deduction percentage as in effect at the termination of the prior Offering Period, unless (i) such
Participant delivers to the Company a different election with respect to the successive Offering Period by such time and in such manner as is designated by the Administrator for enrollment in the Plan for such successive Offering Period,
(ii) such Participant withdraws from the Plan pursuant to Article IX or becomes ineligible for participation in the Plan, (iii) the Administrator determines that elections for all Participants shall cease at the end of an
applicable Offering Period or (iv) such continuing enrollment is inconsistent with applicable law. 
 Article VI 

Share Purchase Rights 

Section 6.1 Number of Shares. Each eligible Employee who on the Offer Date has elected to become a Participant with respect to an
Offering Period in accordance with Article V shall be granted a Share Purchase Right to purchase Shares on the Acquisition Date for such Offering Period. Subject to the limitations set forth in Section 6.2, the number of Shares subject to such
Share Purchase Right shall be the number of whole Shares determined by dividing the Purchase Price into the balance credited to the Participant’s account as of the Acquisition Date. 

Section 6.2 Limitation on Purchases. Participant purchases are subject to adjustment as provided in Section 3.2(c) and to the
following limitations: 
 (a)    Offering Period Limitation. Subject to the calendar year limits provided in
Section 6.2(b), the Administrator shall have the right to set a maximum value of Shares that a Participant shall have the right to purchase or a maximum Contribution percentage of the Participant’s Compensation earned during such Offering
Period that the Participant may use to purchase Shares in any Offering Period pursuant to a Share Purchase Right. 

(b)    Calendar Year Limitation. Notwithstanding Section 6.2(a), in the event that a Participant is granted a
Share Purchase Right that permits such Participant to purchase Shares that, together with all other Share Purchase Rights granted to the Participant during the same calendar year under this Plan and any other plan of the Company or any Subsidiary of
the Company that are qualified under Section 423 of the Code, has an aggregate value in excess of $25,000 (determined on the date of grant), such 

  
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Share Purchase Right shall be reduced such that the aggregate value of all Share Purchase Rights granted to the Participant during the same calendar year under any plan of the Company or any
Subsidiary of the Company that are qualified under Section 423 of the Code is $25,000. The Administrator may also set a maximum aggregate number of Shares or maximum aggregate Fair Market Value of Shares, which is less than the $25,000
limitation set forth in this Section 6.2(b), that may be purchased pursuant to Share Purchase Rights in a calendar year or Offering Period or any Acquisition Date. 

(c)    Refunds. As of the first date on which a Participant’s ability to purchase Shares is limited by this
Section 6.2, the Participant’s payroll deductions shall terminate, and any excess payroll deductions credited to his or her account shall be paid to the Participant in a lump sum as soon as reasonably practicable without any interest
thereon. 
 Section 6.3 Purchase Price. The purchase price per Share with respect to an Offering Period shall be determined by
the Administrator; provided that with respect to a Share Purchase Right subject to the requirements of Section 423 the purchase price shall not be less than the lesser of (x) eighty-five percent (85%) of the Fair
Market Value of a Share on the Offer Date and (y) eighty-five percent (85%) of the Fair Market Value of a Share on the applicable Acquisition Date. With respect to a Share Purchase Right not subject to the provisions of
Section 423, the minimum purchase price shall be the lowest purchase price that may be permitted under applicable law (including any provision of law providing Participants with tax advantaged treatment) with respect to an employee stock
purchase plan; provided that, if applicable law does not specify a minimum purchase price, the limits applicable under Section 423 shall apply. 

Article VII 
 Purchase of Shares
Under Share Purchase Rights 
 Section 7.1 Purchase. Unless a Participant withdraws from the Plan as provided in Article IX,
each Participant shall automatically purchase and acquire as of each Acquisition Date the number of whole Shares subject to the Share Purchase Right that may be purchased at the Purchase Price for that Share Purchase Right with the Contributions in
such Participant’s account at such Acquisition Date. Any surplus in the account that is insufficient to purchase a whole Share shall be carried forward until the next Acquisition Date unless the Participant has elected to withdraw from the Plan
pursuant to Article IX, the Administrator determines that surplus amounts for Participants shall not be carried forward with respect to a subsequent Offering Period or such excess is required to be returned at applicable law, in which case such
surplus amount shall be distributed to the Participant in a lump sum as soon as reasonably practicable without any interest thereon. 

  
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 Section 7.2 Registration Compliance. 

(a)    No Shares may be purchased under a Share Purchase Right unless the Shares to be issued or transferred upon purchase
are covered by an effective registration statement in compliance with applicable law, including, without limitation, the Securities Act or are eligible for an exemption from such registration requirements in the applicable jurisdiction, and the Plan
and any offering made hereunder is in material compliance with all applicable federal, state, foreign and other securities and other laws applicable to the Plan. 

(b)    If, on an Acquisition Date of any Offering Period, the Shares are not registered or exempt or the Plan is not in
such compliance, no Shares under the Share Purchase Rights granted under the Plan shall be purchased on an applicable Acquisition Date. An Acquisition Date shall be delayed until the Shares are subject to such an effective registration statement or
exempt, and the Plan is in such compliance. No Acquisition Date with respect to any Offering Period shall be more than twenty-seven months from the Offer Date or, if applicable, such lesser time as permitted under Section 423 of the Code. 

(c)    If, on the last Acquisition Date of any Offering Period, as delayed to the maximum extent permissible, the Shares
are not registered or exempt and the Plan is not in such compliance, no Shares under the Share Purchase Rights shall be purchased, and all Contributions accumulated during the Offering Period (reduced to the extent, if any, such deductions have been
used to acquire Shares) shall be distributed to the Participants in a lump sum as soon as reasonably practicable without any interest thereon (unless otherwise required at applicable law or otherwise specified by the Administrator). 

Section 7.3 Delivery of Shares. As soon as practicable after each Acquisition Date, the Company shall deliver the Shares acquired
by each Participant at such Acquisition Date to the Participant or an account established in the Participant’s name at a stock brokerage or other financial services firm designated by the Company. No certificates shall be delivered with respect
to the Shares acquired by a Participant. 
 Section 7.4 Vesting. A Participant’s interest in the Shares purchased under a
Share Purchase Right shall be immediately vested and nonforfeitable. 
 Section 7.5 Nontransferability. Each Share Purchase
Right granted under this Plan shall be nontransferable. During the lifetime of the Participant to whom the Share Purchase Right is granted, the Shares under a Share Purchase Right may be purchased only by the Participant. No right or interest of a
Participant in any Share Purchase Right shall be liable for, or subject to, any lien, obligation, or liability of such Participant. 

  
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 Article VIII 

Restrictions on Sale 

Shares purchased under the Plan may be subject to any such holding restrictions that the Administrator shall determine to be appropriate with
respect to any Offering Period consistent with the requirements of applicable law, including, without limitation, Section 423 of the Code. 

Article IX 
 Withdrawal from
Participation and Termination of Employment 
 A Participant may revoke his or her payroll deduction authorization or other enrollment
form for an Offering Period and withdraw from participation in the Plan for that Offering Period by giving written or electronic notice to the Administrator in such form and at such time before an Acquisition Date as may be established by the
Administrator. In the event of a Participant’s withdrawal in accordance with the preceding sentence, all of the payroll deductions credited to his or her account shall be paid to the Participant in a lump sum as soon as reasonably practicable
after receipt of the notice of withdrawal, without any interest thereon (unless otherwise required at applicable law), and no further payroll deductions shall be made from his or her Compensation for that Offering Period. A Participant shall be
deemed to have elected to withdraw from the Plan in accordance with this Article IX if he or she ceases to be an employee of the Company or any of its Subsidiaries for any reason. Unless the Administrator determines otherwise consistent with
Section 423 of the Code, a Participant’s withdrawal (other than due to a termination of employment) during an Offering Period shall not have any effect upon the Participant’s eligibility to participate in the Plan during a subsequent
Offering Period. 
 Article X 

General Provisions 

Section 10.1 Administration. 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 and make all other determinations necessary or advisable for the administration and interpretation of the Plan, including the power to set such limits or conditions with
respect to the participation of Employees in the Plan or in any Offering Period. 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 shall be final, binding, and conclusive for all purposes and upon all persons. 

  
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 Section 10.2 Delegation by the Administrator. Subject to the requirements of
applicable law, any or all of the powers, duties, and responsibilities of the Administrator hereunder may be delegated by the Administrator to, and thereafter exercised by, one or more persons designated by the Administrator, including members of
management of the Company and/or members of the human resources function of the Company, and any determination, interpretation, or other action taken by such designee shall have the same effect hereunder as if made or taken by the Administrator.
Notwithstanding the foregoing, only the Administrator shall have the power to determine the Purchase Price for any Offering Period. 

Section 10.3 Tax Withholding. The Company shall have the power to withhold, or to require the Participant to remit to the Company,
an amount in cash 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 payment under the Plan. 

Section 10.4 At-Will Employment. Nothing in the Plan shall confer upon any Participant any right to continue in the employ of the
Company or any of its Subsidiaries or shall interfere with or restrict in any way the rights of the Company and any of its Subsidiaries, which are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or
without cause. 
 Section 10.5 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 Security Act of 1974, as amended. 

Section 10.6 Freedom of Action. Nothing in the Plan shall be construed as limiting or preventing the Company or any of its
Affiliates 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 account or any associated return as a result of any such action. The foregoing shall not constitute a waiver by a Participant of the terms and provisions of the Plan. 

Section 10.7 Term of Plan. The Plan shall be effective upon the Effective Date. The Plan shall terminate on the earliest of
(i) the termination of the Plan pursuant to Section 10.8 or (ii) the date on which no more Shares are available for issuance under the Plan. Upon termination of the Plan, all funds accumulated in a Participant’s
account shall be paid to such Participant in a lump sum as soon as reasonably practicable without any interest thereon (except as may be required at applicable law or otherwise specified by the Administrator) and all Share Purchase Rights shall
automatically terminate. 
 Section 10.8 Amendment or Alteration. The Board or the Administrator may at any time amend, suspend,
discontinue or terminate the Plan; provided that if the Plan is 

  
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amended in a manner that is considered the adoption of a new plan pursuant to Section 423 of the Code, including (i) an increase in the aggregate number of Shares that may be
issued under the Plan pursuant to Section 3.1 (other than an increase merely reflecting a change in the number of outstanding Shares pursuant to Section 3.2), (ii) a change in the granting Company or the shares available for
purchase under the Plan or (iii) a change in the designation of corporations whose Employees may be offered Share Purchase Rights under the Plan, the shareholders of the Company must reapprove the Plan within the time prescribed under
Section 423 of the Code as if such action were the adoption of a new plan. The Board or the Administrator, in its sole discretion, may terminate the Plan at any time. Upon such termination, all funds accumulated in a Participant’s account
at such time shall be paid to such Participant in a lump sum as soon as reasonably practicable without any interest thereon, and all Share Purchase Rights shall automatically terminate. 

Section 10.9 Severability. In the event any portion of the Plan or any action taken pursuant thereto shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provisions had not been included, and the illegal or invalid action
shall be null and void. 
 Section 10.10 Assignment. Except as otherwise provided in this Section 10.10, this Plan shall
inure to the benefit of and be binding upon the parties hereto and their respective heirs, representatives, successors, and assigns. Neither this Plan nor any right or interest hereunder shall be assignable by a Participant, his beneficiaries, or
legal representatives; provided that nothing in this Section 10.10 shall preclude the Participant from designating a beneficiary to receive any benefit payable hereunder upon his death, or the executors, administrators, or other legal
representatives of the Participant or his estate from assigning any rights hereunder to the person or persons entitled thereunto. This Plan shall be assignable by the Company to: a Subsidiary or Affiliate of the Company; to any corporation,
partnership, or other entity that may be organized by the Company, its general partners, or its Participants, as a separate business unit in connection with the business activities of the Company or Participants; or to any corporation, partnership,
or other entity resulting from the reorganization, merger, or consolidation of the Company with any other corporation, partnership, or other entity, or any corporation, partnership, or other entity to or with which all or any portion of the
Company’s business or assets may be sold, exchanged, or transferred, in each case to the extent permitted under applicable law, including, without limitation, Section 423 of the Code. 

Section 10.11 Non-Transferability of Rights. Unless otherwise agreed to in writing by the Administrator, no rights or interests
hereunder or part thereof shall be liable for the debts, contracts or engagements of the Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge,

  
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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), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that nothing in this Section 10.11 shall prevent transfers by will or by the applicable laws of
descent and distribution. 
 Section 10.12 Equal Rights and Privileges. All eligible Employees granted a Share Purchase Right
under this Plan that is intended to meet the requirements of Section 423 of the Code shall have equal rights and privileges with respect to this Plan or within any separate offering under the Plan so that this Plan qualifies as an
“employee stock purchase plan” within the meaning of Section 423 or any successor provision of the Code and the related regulations (it being understood that Non-U.S. Awards may be treated
differently to the extent permitted by Section 423 of the Code). Any provision of this Plan which is inconsistent with Section 423 or any successor provision of the Code, without further act or amendment by the Company or the Administrator
shall be reformed to comply with the requirements of Section 423. This Section 10.12 shall take precedence over all other provisions in this Plan. 

Section 10.13 Notices. All notices or other communications by a Participant to the Administrator under or in connection with the
Plan shall be deemed to have been duly given when received in the form specified by the Administrator at the location, or by the person, designated by the Administrator for the receipt thereof. 

Section 10.14 Headings. The Section headings appearing in this Plan are used for convenience of reference only and shall not be
considered a part of this Plan or in any way modify, amend, or affect the meaning of any of its provisions. 
 Section 10.15 Rules
of Construction. Whenever the context so requires, the use of the masculine gender shall be deemed to include the feminine and vice versa, and the use of the singular shall be deemed to include the plural and vice versa. The fact that this Plan
was drafted by the Company shall not be taken into account in interpreting or construing any provision of this Plan. 
 Section 10.16
Governing Law. The Plan shall be construed in accordance with and governed by the laws of the laws of The Netherlands, regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction. Without
limiting the generality of the foregoing, the Plan is also subject to the provisions of Section 423 of the Code in respect to the participation of employees of the Company or any Designated Subsidiaries having employees in the United States.

 Section 10.17 Conformity to Securities Laws. Each offer to purchase Shares in any Offering Period is intended to
conform to the extent necessary with all provisions of applicable law, including, without limitation, the Securities Act and the Securities 

  
 14 

 
Exchange Act of 1934, as amended, and any and all applicable regulations and rules promulgated under such applicable law. Notwithstanding anything herein to the contrary, the Plan shall be
administered only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

Section 10.18 Tax Reporting Information. At the Company’s request, Participants will be required to provide the Company and
any Affiliates with any information reasonably required for tax reporting purposes. 
 Section 10.19 Participant Acknowledgment.
By electing to participate in an Offering Period, Participants acknowledge and agree that (i) Participants may be required to hold Shares during any holding periods to which such Shares are subject; (ii) the Shares acquired
under the Plan may lose some or all of their value in the future; (iii) Participants are able to afford to bear the economic risk of holding the Shares for any holding period and of any loss in value of the Shares and
(iv) Participants may be required to agree to other terms and conditions imposed by the Administrator that are permitted by applicable law, including, without limitation, the provisions of Section 423 of the Code. 

  
 15EX-10.24

 Exhibit 10.24 

MAUSER GROUP, N.V.  

SHARE INCENTIVE PLAN 

ARTICLE 1. 
 PURPOSE

 The purpose of the Mauser Group, N.V. Share Incentive Plan (the “Plan”) is to promote the success and enhance the
value of Mauser Group N.V., a public limited liability company (naamloze vennootschap) incorporated under the laws of the Netherlands (the “Company”) by linking the personal interests of Employees and members of the Board to
those of Company shareholders and by providing such individuals with incentives to generate 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 Employees and members of the Board 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 body that conducts the general administration of the Plan as
provided in Article 9. With reference to the duties of the Committee under the Plan which have been delegated to one or more persons pursuant to Section 9.6, 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    “Affiliate” means, with respect to any Person, (a) any other Person that directly or
indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question and (b) any entity in which the Company has a significant equity interest, in either case as determined by the
Administrator. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by
contract or otherwise. 
 2.3    “Applicable Laws” means (i) the laws of the Netherlands;
(ii) the legal requirements relating to the Plan and the Awards under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders of any jurisdiction applicable to Awards granted to
residents; and (iii) the rules of any applicable securities exchange, national market system, automated quotation system or multilateral trading facility on which the Shares are listed, quoted or traded. 

2.4    “Article” means an article of this Plan. 

 2.5    “Award” shall mean an Option, a Restricted Share Unit
award, a Dividend Equivalents award, a Share Payment award or a Share Appreciation Right, which may be awarded or granted under the Plan (collectively, “Awards”). 

2.6    “Award Agreement” shall mean any written notice, agreement, terms and conditions, contract or
other instrument or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine consistent with the Plan. 

2.7    “Board” shall mean the board of directors (het bestuur) of the Company. 

2.8    “Code” shall mean the United States Internal Revenue Code of 1986, as amended from time to time.

 2.9    “Committee” shall mean the Compensation Committee of the Board, or another committee or
subcommittee of the Board, appointed as provided in Section 9.1. 
 2.10    “Company” shall mean
Mauser Group N.V., a public limited liability company, (naamloze vennootschap), incorporated under the laws of the Netherlands, registered with the trade register of the Chamber of Commerce under number 60575530 and having its statutory seat
in Amsterdam. 
 2.11    “Corporate Transaction” means any of the following transactions, provided,
however, that the Committee shall determine under (e) and (f) whether multiple transactions are related, and its determination shall be final, binding and conclusive: 

(a)    a legal merger, demerger, amalgamation, arrangement, consolidation or scheme of arrangement in which the Company is
not the surviving entity, except for a transaction (i) the principal purpose of which is to change the jurisdiction in which the Company is incorporated, or (ii) which following such transaction the holders of the Company’s voting
securities immediately prior to such transaction own, in substantially the same proportion as immediately prior to the transaction, fifty percent (50%) or more of the surviving entity or the parent of the surviving entity; 

(b)    the direct or indirect acquisition by any person or related group of persons (other than an acquisition from or by
the Company or by a Company-sponsored employee benefit plan or by a person that directly or indirectly controls, is controlled by, or is under common control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities pursuant to a tender or exchange offer
made directly to the Company’s shareholders which a majority of the Incumbent Board (as defined below) who are not affiliates or associates of the offeror under Rule 12b-2 promulgated under the
Exchange Act do not recommend such shareholders accept, or 
 (c)    the sale, transfer or other disposition of all or
substantially all of the assets of the Company (other than to an Affiliate); 

  
 2 

 (d)    the completion of a voluntary or insolvent liquidation or dissolution
of the Company; 
 (e)    any reverse takeover, scheme of arrangement, or series of related transactions culminating in
a reverse takeover or scheme of arrangement (including, but not limited to, a tender offer followed by a reverse takeover) in which the Company survives but (i) the Shares of the Company outstanding immediately prior to such transaction are
converted or exchanged by virtue of the transaction into other property, whether in the form of securities, cash or otherwise, or (ii) in which securities possessing more than fifty percent (50%) of the total combined voting power of the
Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such transaction culminating in such takeover or scheme of arrangement, but excluding any such
transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction; or 

(f)    acquisition in a single or series of related transactions by any person or related group of persons (other than the
Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities possessing more than fifty percent (50%) of the total
combined voting power of the Company’s outstanding securities but excluding any such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction. 

2.12    “Director” shall mean a member of the Board, as constituted from time to time. 

2.13    “Dividend Equivalent” shall mean a right to receive the equivalent value (in cash or Shares) of
dividends paid on Shares, awarded under Section 6.1. 
 2.14    “Effective Date” shall mean the
date the Plan is adopted at a general meeting of the Company and, thereafter, approved by the Board. 

2.15    “Eligible Individual” shall mean any person who is an Employee or a Director, as determined by
the Administrator; provided, however, that Awards shall not be granted to Directors who are resident of any country which pursuant to Applicable Law does not allow grants to non-employees. 

2.16    “Employee” means any person who is in the employ of a Service Recipient, subject to the control
and direction of the Service Recipient as to both the work to be performed and the manner and method of performance. The payment of a director’s fee by a Service Recipient shall not be sufficient to constitute “employment” by the
Service Recipient. 
 2.17    “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended
from time to time. 
 2.18    “Fair Market Value” means, as of any date, the value of Shares determined
as follows: 
 (a)    If the Shares are listed on one or more established and regulated securities exchanges, national
market systems, automated quotation system or multilateral trading facility 

  
 3 

 
on which Shares are listed, quoted or traded, its Fair Market Value shall be the closing sales price for such shares (or the closing bid, if no sales were reported) as quoted on the principal
exchange or system on which the Shares are listed (as determined by the Administrator) on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales
price or closing bid was reported), as reported in such source as the Administrator deems reliable; 
 (b)    If
depository receipts representing the Shares are listed on one or more established stock exchanges or traded on an automated quotation systems, the Fair Market Value shall be the closing sales price for such depository receipts (or the closing bid,
if no sales were reported) as quoted on the principal exchange or system on the date of determination, as reported in such source as the Administrator deems reliable, multiplied by the number of Shares that are represented by such depository
receipts, or, if the date of determination is not a trading day, the closing sales price as quoted on the principal exchange or system on which the Shares are listed or traded on the trading day immediately preceding the date of determination; 

(c)    If the Shares are not listed on an established securities exchange, notational market system or automated quotation
system, but are regularly quoted by a recognized securities dealer, its Fair Market Value shall be the closing sales price for such shares as quoted by such securities dealer on the date of determination, but if selling prices are not reported, the
Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in such
source as the Administrator deems reliable; or 
 (d)    In the absence of an established market for the Shares, the
Fair Market Value thereof shall be determined by the Administrator in good faith based on such relevant methodologies or information as the Administrator determines to be indicative of Fair Market Value. 

2.19    “Holder” shall mean a person who has been granted an Award. 

2.20    “Option” shall mean a right to purchase of Shares at a specified exercise price, granted under
Article 5. 
 2.21    “Person” means individual, corporation, partnership, limited liability company,
association, joint-stock company, trust, unincorporated organization, government or political subdivision thereof or other entity. 

2.22    “Plan” shall mean this Mauser Group N.V. Share Incentive Plan, as it may be amended or restated
from time to time. 
 2.23    “Restricted Share Units” shall mean the right to receive Shares awarded
under Section 7.4. 
 2.24     “Service Recipient” means the Company or any Affiliate of the
Company to which an Eligible Individual provides services as an Employee or as a Director. 

  
 4 

 2.25    “Share” means an ordinary share in the capital of
the Company, and such other securities of the Company that may be substituted for Shares pursuant to Article 11. 

2.26    “Share Appreciation Right” shall mean a share appreciation right granted under Article 7. 

2.27    “Share Payment” shall mean (a) a payment in the form of Shares, or (b) an option or
other right to purchase Shares, as part of a bonus, deferred compensation or other arrangement, awarded under Section 6.2. 

2.28    “Substitute Award” shall mean an Award granted under the Plan upon the assumption of, or in
substitution for, outstanding equity awards previously granted by a company or other entity in connection with a Corporate Transaction; 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. 

2.29    “Termination of Service” shall mean, 

(a)    As to a Director, the time when a Holder who is a 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 an Affiliate of the Company.

 (b)    As to an Employee, the time when the employee-employer relationship between a Holder and the Service Recipient
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 Affiliate of the Company. 
 The Administrator, in its sole discretion, shall determine the effect of all matters and
questions relating to Terminations of Service, including, without limitation, the question of 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 an Affiliate of the Company employing or contracting with such Holder ceases to be an
Affiliate of the Company following any merger, sale of securities or other corporate transaction or event (including, without limitation, a spin-off). 

2.30    “Trading Date” means the closing of the first sale to the general public of the Shares pursuant
to an effective registration statement under Applicable Laws, which results in the Shares being publicly traded on one or more established stock exchanges, national market systems or multilateral trading facility. 

  
 5 

 ARTICLE 3. 

SHARES SUBJECT TO THE PLAN 

3.1    Number of Shares. 

(a)    Subject to Section 11.1 and Section 3.1(b) the aggregate number of Shares which may be issued or transferred
pursuant to Awards under the Plan is 2,859,570. 
 (b)    To the extent that an Award terminates, expires, or lapses for
any reason, or is settled in cash and not Shares, then any Shares subject to the Award shall again be available for the grant of an Award pursuant to the Plan. Shares tendered by a Holder or withheld by the Company in payment of the exercise price
of an Option and Shares tendered by the Holder or withheld by the Company to satisfy any tax withholding obligation with respect to an Award shall not again be available for regrant as an Award under the Plan. Any Shares repurchased by the Company
under Section 8.4 at the same price paid by the Holder so that such Shares are returned to the Company will again be available for Awards. To the extent permitted by Applicable Laws, Shares issued in assumption of, or in substitution for, any
outstanding awards of any entity acquired in any form of combination by the Company or any Affiliate of the Company shall not be counted against Shares available for grant pursuant to the Plan. The payment of Dividend Equivalents in cash in
conjunction with any outstanding Awards shall not be counted against the Shares available for issuance under the Plan. 
 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. No Eligible Individual shall have any right to be granted an Award pursuant to the Plan.

 4.2    Award Agreement. Each Award shall be evidenced by an Award Agreement. 

4.3    Directors. Awards that are to be granted to Directors will be linked to financial targets as well as the
individual and qualitative targets of the Directors, as determined annually by the Compensation Committee. Awards to Directors must be made in accordance with the Remuneration Policy of the Company as in effect from time to time, or as otherwise
determined by the general meeting of the Company. 
 4.4    Jurisdictions. Notwithstanding any provision of the
Plan to the contrary, in order to comply with the laws in the jurisdictions in which the Service Recipients operate or have Eligible Individuals, or in order to comply with the requirements of any securities exchange, the Administrator, in its sole
discretion, shall have the power and authority to: (a) determine which Affiliates of the Company 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 Laws; (d) establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary

  
 6 

 
or advisable (any such subplans and/or modifications shall be attached to the Plan as appendices); provided, however, that no such subplans and/or modifications shall increase the share
limitations contained in Sections 3.1; and (e) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any Applicable Laws including necessary local governmental regulatory exemptions or
approvals or listing requirements of any such securities exchange. Notwithstanding the foregoing, the Administrator may not take any actions hereunder, and no Awards shall be granted, that would violate the any Applicable Laws. 

4.5    Stand-Alone and Tandem Awards. Awards granted pursuant to the Plan may, in the sole discretion of the
Administrator, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be granted either at the same time as or at a different time
from the grant of such other Awards. The exercise of any Award granted in tandem with an Option to an individual subject to taxation in the United States may not be linked to the exercise of the Option, without compliance with Section 409A of the
Code, or the Holder’s consent. 
 ARTICLE 5. 

OPTIONS 

5.1    General. The Administrator is authorized to grant Options to Eligible Individuals on the following terms and
conditions: 
 (a)    Exercise Price. The exercise price per Share subject to an Option shall be determined by
the Administrator and set forth in the Award Agreement which may be a fixed or variable price related to the Fair Market Value of the Shares. The exercise price per Share subject to an Option may be amended or adjusted in the absolute discretion of
the Administrator, the determination of which shall be final, binding and conclusive. For the avoidance of doubt, to the extent not prohibited by Applicable Laws (including any applicable exchange rule), a downward adjustment of the exercise prices
of Options mentioned in the preceding sentence shall be effective without the approval of the Company’s shareholders or the approval of the affected Holders. Notwithstanding anything to the contrary in this Section 5.1(a), no Option may be
granted to an individual subject to taxation in the United States at less than the Fair Market Value on the date of grant, nor may the exercise price of such Options be amended or adjusted without compliance with Section 409A of the Code, or the
Holder’s consent. 
 (b)    Exercise Periods. The period during which a Holder acquires the right to
exercise, in whole or in part, an Option shall be set by the Administrator and the Administrator may determine that an Option may not be exercised in whole or in part for a specified period after it is granted. Such exercise periods may be based on
service with the Service Recipient or any other criteria selected by the Administrator. At any time after grant of an Option, the Administrator may, in its sole discretion and subject to whatever terms and conditions it selects, accelerate the
period during which an Option becomes exercisable. 
 (c)    Time and Conditions of Exercise. The Administrator
shall determine the time or times at which an Option may be exercised in whole or in part and whether a partial exercise must be made with respect to a minimum number of shares. The Administrator shall

  
 7 

 
also determine any conditions, if any, that must be satisfied before all or part of an Option may be exercised. Options may only be exercised in compliance with all Applicable Laws regarding
insider trading and market abuses, as well as, the Company’s insider trading policy and the market trading blackout periods included therein. 

(d)    Partial Exercise. An exercisable Option may be exercised in whole or in part. However, the Administrator may
require that, by the terms of the Option, a partial exercise must be with respect to a minimum number of shares. 

(e)    Manner of Exercise. All or a portion of an exercisable Option shall be deemed exercised upon delivery of all
of the following to the Secretary of the Company, or such other person or entity designated by the Administrator, or his, her or its office, as applicable: 

(i)    A written or electronic notice complying with the applicable rules established by the Administrator
stating that the Option, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Option or such portion of the Option; 

(ii)    Such representations and documents as the Administrator, in its sole discretion, deems necessary or
advisable to effect compliance with all Applicable Laws or regulations, and the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded. The Administrator may, in its sole discretion, also take
whatever additional actions it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing stop-transfer notices to agents and registrars; 

(iii)    In the event that the Option shall be exercised pursuant to Section 8.3 by any person or
persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Option, as determined in the sole discretion of the Administrator; and 

(iv)    Full payment of the exercise price and applicable withholding taxes to share administrator of the
Company for the Shares with respect to which the Option, or portion thereof, is exercised, in a manner permitted by Section 8.1 and 8.2. 

(f)    Issuance of Shares. As soon a reasonably practicable after the Company has received the exercise notice from
the Holder or after the Holder has initiated the exercise of the Options in such manner as designated by the Administrator, the Administrator shall procure the delivery of Shares to the Holder in respect of the Options that are exercised in
accordance with Applicable Laws. 
 (g)    Term. The term of any Option granted under the Plan shall not exceed
ten years. Except as limited by the requirements of Section 409A of the Code and regulations and rulings thereunder, the Administrator may extend the term of any outstanding Option, and may extend the time period during which vested Options may be
exercised, in connection with any Termination of Service of the Holder, and may amend any other term or condition of such Option relating to such a Termination of Service. 

  
 8 

 (h)    Evidence of Grant. All Options shall be evidenced by an Award
Agreement between the Company and the Holder. The Award Agreement shall include such additional provisions as may be specified by the Administrator. 

5.2    Substitute Awards. Notwithstanding the foregoing provisions of this Article 5 to the contrary, in the case
of an Option that is a Substitute Award, the price per share of the shares subject to such Option may be less than the Fair Market Value per share on the date of grant, provided, that the excess of: (a) the aggregate Fair Market Value
(as of the date such Substitute Award is granted) of the shares subject to the Substitute Award, over (b) the aggregate exercise price thereof does not exceed the excess of: (i) the aggregate fair market value (as of the time immediately
preceding the transaction giving rise to the Substitute Award, such fair market value to be determined by the Administrator) of the shares of the predecessor entity that were subject to the grant assumed or substituted for by the Company, over
(ii) the aggregate exercise price of such shares. 
 5.3    Substitution of Share Appreciation Rights. The
Administrator may provide in the 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 Shares for which such substituted Option would have been exercisable. 

ARTICLE 6. 
 AWARD OF
DIVIDEND EQUIVALENTS, SHARE PAYMENTS, RESTRICTED SHARE UNITS 
 6.1    Dividend Equivalents. 

(a)    Dividend Equivalents may be granted by the Administrator based on dividends declared on the Shares, to be credited
as of dividend payment dates during the period between the date an Award is granted to a Holder and the date such Award vests, is exercised, is distributed or expires, as determined by the Administrator. Such Dividend Equivalents shall be converted
to cash or additional Shares by such formula and at such time and subject to such limitations as may be determined by the Administrator. Notwithstanding anything in this Section 6.1(a) to the contrary, Dividend Equivalents on Options granted to an
individual subject to taxation in the United States may not be linked to the exercise of the Option without compliance with Section 409A of the Code, or the Holder’s consent. 

6.2    Share Payments. The Administrator is authorized to make Share Payments to any Eligible Individual. The
number or value of shares of any Share Payment shall be determined by the Administrator and may be based upon any other criteria, including service to the Service Recipients, determined by the Administrator. Share Payments may, but are not required
to be made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to such Eligible Individual. 

  
 9 

 6.3    Restricted Share Units. The Administrator is authorized to
grant Restricted Share Units to any Eligible Individual. The number and terms and conditions of Restricted Share Units shall be determined by the Administrator. The Administrator shall specify the date or dates on which the Restricted Share Units
shall become nonforfeitable, and may specify such conditions to vesting as it deems appropriate, including service to the Service Recipients, in each case on a specified date or dates or over any period or periods, as the Administrator determines.
The Administrator shall specify, or permit the Holder to elect, the conditions and dates upon which the Shares underlying the Restricted Share Units which shall be issued, which dates shall not be earlier than the date as of which the Restricted
Share Units become nonforfeitable and which conditions and dates shall be subject to compliance with Section 409A of the Code, to the extent applicable to the Holder. On the distribution dates, the Company shall issue to the Holder one unrestricted
fully transferable Share (or the Fair Market Value of one such Share in cash) for each nonforfeitable Restricted Share Unit in accordance with Applicable Laws. 

6.4    Term. The term of a Dividend Equivalent award, Share Payment award and/or Restricted Share Unit award shall
be set by the Administrator in its sole discretion. 
 6.5    Exercise or Purchase Price. The Administrator may
establish the exercise or purchase price of Shares distributed as a Share Payment award or Shares distributed pursuant to a Restricted Share Unit award; provided, however, that value of the consideration shall not be less than the par value
per Share so awarded. 
 ARTICLE 7. 

AWARD OF SHARE APPRECIATION RIGHTS 

7.1    Grant of Share Appreciation Rights. 

(a)    The Administrator is authorized to grant Share Appreciation Rights to Eligible Individuals from time to time, in its
sole discretion, on such terms and conditions as it may determine consistent with the Plan. The term of any Share Appreciation Right granted under the Plan shall not exceed ten years. Except as limited by the requirements of Section 409A of the Code
and regulations and rulings thereunder, the Administrator may extend the term of any outstanding Share Appreciation Right, and may extend the time period during which vested Share Appreciation Rights may be exercised, in connection with any
Termination of Service of the Holder, and may amend any other term or condition of such Share Appreciation Right relating to such a Termination of Service. 

(b)    A Share Appreciation Right shall entitle the Holder (or other person entitled to exercise the Share Appreciation
Right pursuant to the Plan) to exercise all or a specified portion of the Share Appreciation Right (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount in cash or the number of Shares with a Fair Market
Value equal to such amount, determined by multiplying the difference obtained by subtracting the exercise price per share of the Share Appreciation Right from the Share Value on the date of exercise of the Share Appreciation Right by the number of
shares of Shares with respect to which the Share Appreciation Right shall have been exercised, subject to any limitations the Administrator may impose. 

  
 10 

 (c)    The exercise price per Share subject to a Share Appreciation Right
shall be determined by the Administrator and set forth in the Award Agreement which may be a fixed or variable price related to the Fair Market Value of the Shares. The exercise price per Share subject to a Share Appreciation Right may be amended or
adjusted in the absolute discretion of the Administrator, the determination of which shall be final, binding and conclusive. For the avoidance of doubt, to the extent not prohibited by Applicable Laws (including any applicable securities exchange
rule), a downward adjustment of the exercise prices of Share Appreciation Rights mentioned in the preceding sentence shall be effective without the approval of the Company’s shareholders or the approval of the affected Holders. Notwithstanding
anything to the contrary in this Section 7.1(c), no Share Appreciation Right may be granted to an individual subject to taxation in the United States at less than the Fair Market Value on the date of grant, nor may the exercise price of such Share
Appreciation Rights be amended or adjusted without compliance with Section 409A of the Code, or the Holder’s consent. 

(d)    In the case of an Share Appreciation Right that is a Substitute Award, the price per share of the Shares subject to
such Share Appreciation Right may be less than the Fair Market Value per share on the date of grant, provided, that the excess of: (i) the aggregate Fair Market Value (as of the date such Substitute Award is granted) of the Shares
subject to the Substitute Award, over (ii) the aggregate exercise price thereof does not exceed the excess of: (x) the aggregate fair market value (as of the time immediately preceding the transaction giving rise to the Substitute Award,
such fair market value to be determined by the Administrator) of the shares of the predecessor entity that were subject to the grant assumed or substituted for by the Company, over (y) the aggregate exercise price of such shares. 

7.2    Share Appreciation Right Exercise Periods. The period during which the Holder acquires the right to
exercise, in whole or in part, a Share Appreciation Right shall be set by the Administrator and the Administrator may determine that a Share Appreciation Right may not be exercised in whole or in part for a specified period after it is granted. Such
exercise periods may be based on service with the Service Recipients, or any other criteria selected by the Administrator. At any time after grant of a Share Appreciation Right, the Administrator may, in its sole discretion and subject to whatever
terms and conditions it selects, accelerate the period during which a Share Appreciation Right becomes exercisable. 

7.3    Manner of Exercise. All or a portion of an exercisable Share Appreciation Right shall be deemed exercised
upon delivery of all of the following to the Administrator, or such other person or entity designated by the Administrator, or his, her or its office, as applicable: 

(a)    A written or electronic notice complying with the applicable rules established by the Administrator stating that
the Share Appreciation Right, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Share Appreciation Right or such portion of the Share Appreciation Right; 

(b)    Such representations and documents as the Administrator, in its sole discretion, deems necessary or advisable to
effect compliance with all applicable provisions of the United States Securities Act of 1933, as amended, and any other federal, state or foreign securities laws or regulations. The Administrator may, in its sole discretion, also take whatever
additional actions it deems appropriate to effect such compliance; and 

  
 11 

 (c)    In the event that the Share Appreciation Right shall be exercised
pursuant to this Section 7.3 by any person or persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Share Appreciation Right, in the sole discretion of the Administrator. 

7.4    Payment. Amounts payable upon exercise of a Share Appreciation Right shall be in cash. 

ARTICLE 8. 
 ADDITIONAL
TERMS OF AWARDS 
 8.1    Payment. The Administrator shall determine the 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 check, (b) following the Trading Date, delivery of a notice that the Holder has placed a market sell order with a broker
with respect to Shares then issuable upon exercise or vesting of an Award, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale 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, (c) Shares (including, in the case of payment of the exercise price of an Award, Shares issuable pursuant to the exercise of the Award) or
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, or (d) other form of legal consideration
acceptable to the Administrator. The Administrator shall also determine the methods by which Shares shall be delivered or deemed to be delivered to Holders. Notwithstanding any other provision of the Plan to the contrary, no Holder shall be
permitted to make payment with respect to any Awards granted under the Plan to the extent prohibited by Applicable Laws. 

8.2    Tax Withholding. No Shares shall be delivered under the Plan to any Holder until such Holder has made
arrangements acceptable to the Administrator for the satisfaction of any income, employment, social welfare or other tax withholding obligations under Applicable Laws. Each Service Recipient shall have the authority and the right to deduct or
withhold, or require a Holder to remit to the applicable Service Recipient, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Holder’s employment, social welfare or other tax obligations) required by
Applicable Laws to be withheld with respect to any taxable event concerning a Holder arising as a result of the Plan. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a Holder to elect to have the
Company withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited to the number of Shares which have a Fair Market Value on the date of
withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for tax purposes that are applicable to such taxable income. The Administrator shall determine the Fair Market Value of the
Shares, consistent with Applicable Laws, for tax withholding obligations due in connection with a broker-assisted cashless Option or Share Appreciation Right exercise involving the sale of shares to pay the Option or Share Appreciation Right
exercise price or any tax withholding obligation. 

  
 12 

 8.3    Transferability of Awards. 

(a)    Except as otherwise provided in Section 8.3(b): 

(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 or, subject to the consent of the Administrator, as required under applicable domestic relations laws, unless and until such Award has been exercised, or the shares underlying such Award have been issued,
and all restrictions applicable to such shares have lapsed; 
 (ii)    No Award or interest or right
therein shall be liable for the debts, contracts or engagements of the Holder or his 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), and any attempted disposition thereof shall be null and void
and of no effect, except to the extent that such disposition is permitted by the preceding sentence; and 

(iii)    During the lifetime of the Holder, only the Holder may exercise an Award (or any portion thereof)
granted to him under the Plan, unless it has been disposed of pursuant to applicable domestic relations law; 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 Award Agreement, be exercised by his 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 8.3(a), the Administrator, in its sole discretion, may determine to permit a Holder to
transfer an Award to certain persons or entities related to the Holder, including but not limited to members of the Holder’s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial owners are members of
the Holder’s family and/or charitable institutions, or to such other persons or entities as may be expressly approved by the Administrator, pursuant to such conditions and procedures as the Administrator may establish, including the following
conditions: (i) an Award transferred shall not be assignable or transferable other than by will or the laws of descent and distribution; (ii) an Award transferred 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); and (iii) the Holder and the 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 Laws and (C) evidence the transfer. 

(c)    Notwithstanding Section 8.3(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 Award Agreement applicable to the Holder, 

  
 13 

 
except to the extent the Plan and Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Administrator. If the Holder is married and resides
in a community property jurisdiction, a designation of a person other than the Holder’s spouse as his or her 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. 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 beneficiary designation may be changed or revoked by a Holder at any time provided the change or revocation is filed with the Administrator prior to the Holder’s death. 

8.4    Conditions to Issuance of Shares. 

(a)    Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any
certificates or make any book entries evidencing Shares pursuant to the exercise of any Award, unless and until the Board has determined, with advice of counsel, that the issuance of such Shares is in compliance with all Applicable Laws. 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 discretion, deems advisable in order to comply with any such laws,
regulations, or requirements. 
 (b)    All 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 all Applicable Laws. The Administrator may place legends on any book entry to reference restrictions applicable to the 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. 

8.5    Forfeiture Provisions. Pursuant to its general authority to determine the terms and conditions applicable to
Awards under the Plan, the Administrator shall have the right to provide, in the terms of Awards made under the Plan, or to require a Holder to agree by separate written instrument, that: (a)(i) any proceeds, gains or other economic benefit actually
or constructively received by the Holder upon any receipt or exercise of the Award, or upon the receipt or resale of any Shares underlying the Award, must be paid to the Company, and (ii) the Award shall terminate and any unexercised portion of
the Award (whether or not vested) shall be forfeited, if (b)(i) a Termination of Service occurs prior to a specified date, or within a specified time period following receipt or exercise of the Award, or (ii) the Holder at any time, or during a
specified time period, engages in any activity in competition with the Company, or which is inimical, contrary or harmful to the interests of the Company, as further defined by the Administrator or (iii) the Holder incurs a Termination of
Service for “cause” (as such term is defined in the sole discretion of the Administrator, or as set forth in a written agreement relating to such Award between the Company and the Holder). 

  
 14 

 8.6    Applicable Currency. Unless otherwise required by Applicable
Laws, or as determined in the discretion of the Administrator, all Awards shall be designated in Euros. A Holder will be required to provide evidence that any currency used to pay the exercise price of any Award were acquired and taken out of the
jurisdiction in which the Holder resides in accordance with Applicable Laws, including foreign exchange control laws and regulations. In the event the exercise price for an Award is paid in a foreign currency other than Euros, as permitted by the
Administrator, the amount payable will be determined by conversion from Euros based on the exchange rate set by a bank selected by the Administrator on the date of exercise. 

ARTICLE 9. 

ADMINISTRATION 

9.1    Administrator. The Committee shall administer the Plan; provided, however, (a) 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 Directors and (b) the Board or Committee may delegate its authority hereunder to the extent permitted by
Section 9.6. 
 9.2    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 and the Award Agreement, and to adopt such rules for the administration, interpretation and application of
the Plan as are not inconsistent therewith, to interpret, amend or revoke any such rules and to amend any Award Agreement provided that the rights or obligations of the Holder of the Award that is the subject of any such Award Agreement are not
affected adversely by such amendment, unless the consent of the Holder is obtained or such amendment is otherwise permitted under Section 10.02 or Article 11. Any such grant or award under the Plan need not be the same with respect to each
Holder. In its sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Administrator under the Plan except with respect to matters which under Applicable Laws are required to be determined in
the sole discretion of the Committee. 
 9.3    Action by the Administrator. Unless otherwise established by the
Board or in any charter of the Committee, a majority of the individuals serving as 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 individual serving as 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 a Service Recipient, 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. 
 9.4    Authority of Administrator. Subject to Section 4.3 and any other
specific designation in the Plan, the Administrator has the exclusive power, authority and sole discretion to: 

(a)    Designate Eligible Individuals to receive Awards; 

  
 15 

 (b)    Determine the type or types of Awards to be granted to each Eligible
Individual; 
 (c)    Determine the number of Awards to be granted and the number of shares of 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, or purchase price, any reload provision, 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 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 pursuant to what circumstances an Award may be settled in,
or the exercise price of an Award may be paid in cash, 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 rules and regulations as it may deem necessary or advisable to administer the Plan;

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

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

9.6    Delegation of Authority. To the extent permitted by Applicable Laws, 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 Article 9; provided, however, that in no event
shall an officer 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. Any delegation hereunder shall be subject to the
restrictions and limits that the Board or Committee specifies at the time of such delegation, and the Board or Committee may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this
Section 9.6 shall serve in such capacity at the pleasure of the Board and the Committee. 

  
 16 

 ARTICLE 10. 

MISCELLANEOUS PROVISIONS 

10.1    Expiration Date. The Plan will expire on, and no Award may be granted pursuant to the Plan after, the tenth
anniversary of the Effective Date. Any Awards that are outstanding on the tenth anniversary of the Effective Date shall remain in force according to the terms of the Plan and the applicable Award Agreement until such Awards are exercised, forfeited
or otherwise expire in accordance with their terms. 
 10.2    Amendment, Suspension or Termination of the Plan.
The Board may terminate, amend or modify the Plan at any time, provided that any amendment, modification or termination of the Plan with respect to Directors must be adopted by a general meeting of the Company. Except as provided in the Plan or any
Award Agreement, no amendment, suspension or termination of the Plan shall, without the consent of the Holder, impair any rights or obligations under any Award theretofore granted or awarded. 

10.3    No Shareholders Rights. Except as otherwise provided herein, a Holder shall have none of the rights of a
shareholder with respect to Shares covered by any Award until the Holder becomes the owner of such Shares. 

10.4    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. 
 10.5    Effect of Plan upon Other Compensation Plans.
The adoption of the Plan shall not affect any other compensation or incentive plans in effect for a Service Recipient. Nothing in the Plan shall be construed to limit the right of a Service Recipient: (a) to establish any other forms of
incentives or compensation for Eligible Individuals, 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, securities or assets of any corporation, partnership, limited liability company, firm or association. 

10.6    Compliance with Laws. The Plan, the granting and vesting of Awards under the Plan, the exercising of the
Options and the issuance and delivery of 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 but not limited to securities law and margin
requirements) and the insider trading policy of the Company, 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 legal requirements. To the extent permitted by Applicable Laws, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such Applicable Laws.

  
 17 

 10.7    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. 
 10.8    Governing Law. The Plan and
any agreements hereunder shall be administered, interpreted and enforced under the internal laws of the Netherlands without regard to conflicts of laws thereof. 

10.9    Section 409A. To the extent that the Administrator determines that any Award granted under the Plan is
subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in
accordance with Section 409A of the Code and 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.
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 of the Code and related Department of Treasury guidance (including
such Department of Treasury guidance as may be issued after the Effective Date), the Administrator may adopt such amendments to the Plan and the applicable 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 of the Code 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 of the Code and related Department of Treasury guidance and thereby avoid the application of any penalty taxes under such Section. 

10.10    No Rights to Awards. No Eligible Individual or other person shall have any claim to be granted any Award
pursuant to the Plan, and neither the Company nor the Administrator is obligated to treat Eligible Individuals, Holders or any other persons uniformly. 

10.11    No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall interfere with or
limit in any way the right of the Service Recipient to terminate any Holder’s employment or services at any time, nor confer upon any Holder any right to continue in the employ or service of any Service Recipient. 

10.12    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 Award Agreement shall give the Holder any rights that are greater than those of a general creditor of the Company or any
Affiliate thereof. 
 10.13    Indemnification. To the extent allowable pursuant to Applicable Laws, each
individual who is not a Director who serves in the capacity as the Administrator shall be 

  
 18 

 
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 Company’s Articles of Association, as a matter of law, or otherwise, or any power
that the Company may have to indemnify them or hold them harmless. 
 10.14    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 any Service Recipient except to the extent otherwise
expressly provided in writing in such other plan or an agreement thereunder. 
 10.15    Expenses. The expenses
of administering the Plan shall be borne by the Service Recipients. 
 ARTICLE 11. 

CHANGES IN CAPITAL STRUCTURE 

11.1    Adjustments. In the event of any distribution, combination or exchange of Shares, amalgamation, arrangement
or consolidation, reorganization of the Company, including the Company becoming a subsidiary in a transaction not involving a Corporate Transaction, spin-off, recapitalization or other distribution (other than
normal cash dividends) of Company assets to its shareholders, or any other change affecting the Shares or the share price of a Share, the Administrator shall make such proportionate and equitable adjustments, if any, to reflect such change with
respect to (a) the aggregate number and type of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 and substitutions of shares in a parent or surviving company); (b) the
terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (c) the grant or exercise price per share for any outstanding Awards under the Plan. The
form and manner of any such adjustments shall be determined by the Administrator in its sole discretion. 

11.2    Corporate Transactions. Except as may otherwise be provided in any Award Agreement or any other written
agreement entered into by and between the Company and a Holder, if a Corporate Transaction occurs and a Holder’s Awards are not converted, assumed, or replaced by a successor as provided in Section 11.3, such Awards shall become fully
exercisable and all forfeiture restrictions on such Awards shall lapse. Upon, or in anticipation of, a Corporate Transaction, the Administrator may in its sole discretion provide for (a) any and all Awards outstanding hereunder to terminate at
a specific time in the future and shall give each Holder the right to exercise such Awards during a period of time as the Administrator shall determine, (b) the purchase of any Award for an amount of cash equal to the amount that could

  
 19 

 
have been attained upon the exercise of such Award or realization of the Holder’s rights had such Award been currently exercisable or payable or fully vested (and, for the avoidance of
doubt, if as of such date 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), or (c) the replacement of such Award with other rights or property selected by the Administrator in its sole discretion or the assumption of or substitution of such Award by the successor or surviving corporation, or a parent or
subsidiary thereof, with appropriate adjustments as to the number and kind of Shares and prices. 

11.3    Assumption of Awards – Corporate Transactions. In the event of a Corporate Transaction, each Award may
be assumed by the successor entity or Parent thereof in connection with the Corporate Transaction. Except as provided otherwise in an individual Award Agreement, an Award will be considered assumed if the Award either is (a) assumed by the
successor entity or parent thereof or replaced with a comparable award (as determined by the Administrator) with respect to capital shares (or equivalent) of the successor entity or parent thereof or (b) replaced with a cash incentive program
of the successor entity which preserves the compensation element of such Award existing at the time of the Corporate Transaction and provides for subsequent payout in accordance with the same vesting schedule applicable to such Award. If an Award is
assumed in a Corporate Transaction, then such Award, the replacement award or the cash incentive program automatically shall become fully vested, exercisable and payable and be released from any restrictions on transfer (other than transfer
restrictions applicable to Options) and repurchase or forfeiture rights, immediately upon termination of the Holder’s employment or service with all Service Recipients within twelve (12) months of the Corporate Transaction without cause.

 11.4    Outstanding Awards – Other Changes. In the event of any other change in the capitalization of the
Company or corporate change other than those specifically referred to in this Article 11, the Administrator may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards outstanding on the date on which
such change occurs and in the per share grant or exercise price of each Award as the Administrator may consider appropriate to prevent dilution or enlargement of rights. 

11.5    No Other Rights. Except as expressly provided in the Plan, no Holder shall have any rights by reason of any
subdivision or consolidation of shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation. Except
as expressly provided in the Plan or pursuant to action of the Administrator under the Plan, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason thereof
shall be made with respect to, the number of shares subject to an Award or the grant or exercise price of any Award. 
 * * * * * 

  
 20 

 I hereby certify that the foregoing Plan was duly adopted by the Board of Directors and the general meeting of
Mauser Group N.V. on January 27, 2017. 
 Executed on this 27th day of January, 2017. 

 

	
	 /s/ Hans-Peter Schaefer

	Corporate Officer

  
 21

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