Document:

Exhibit
10.9

 

DIGINEX
LIMITED

2020 OMNIBUS INCENTIVE PLAN

 

Section
1. General.

 

The
name of the Plan is the Diginex Limited 2020 Omnibus Incentive Plan (the “Plan”). The Plan intends to: (i)
encourage the profitability and growth of the Company through short-term and long-term incentives that are consistent with the
Company’s objectives; (ii) give Participants an incentive for individual performance; (iii) promote teamwork
among Participants; and (iv) give the Company an advantage in attracting and retaining key Employees, Directors, and Consultants.
To accomplish such purposes, the Plan provides that the Company may grant Options, Share Appreciation Rights, Restricted Shares,
Restricted Share Units, Performance-Based Awards (including performance-based Restricted Shares and Restricted Share Units), Other
Share-Based Awards, Other Cash-Based Awards or any combination of the foregoing.

 

WARNING:
THE CONTENTS OF THIS PLAN HAVE NOT BEEN REVIEWED BY ANY REGUALTORY AUTHORITY IN HONG KONG. YOU ARE ADVISED TO EXERCISE CAUTION
IN RELATION TO THE OFFER. IF YOU ARE IN ANY DOUBT ABOUT ANY OF THE CONTENTS OF THIS PLAN, YOU SHOULD OBTAIN INDEPENDENT PROFESSIONAL
ADVICE.

 

Section
2. Definitions.

 

For
purposes of the Plan, the following terms shall be defined as set forth below:

 

		a)	“Administrator”
                                         means the Board, or, if and to the extent the Board does not administer the Plan, the
                                         Committee appointed by the Board to administer the Plan in accordance with Section 3
                                         of the Plan.
	 	 	 
		b)	“Affiliate”
                                         means a Person that directly, or indirectly through one or more intermediaries, controls,
                                         or is controlled by, or is under common control with, the Person specified. An entity
                                         shall be deemed an Affiliate of the Company for purposes of this definition only for
                                         such periods as the requisite ownership or control relationship is maintained.
	 	 	 
		c)	“Automatic
                                         Exercise Date” means, with respect to an Option or a Share Appreciation Right,
                                         the last business day of the applicable term of the Option pursuant to Section 7(c) or
                                         the Share Appreciation Right pursuant to Section 8(g).
	 	 	 
		d)	“Award”
                                         means any Option, Share Appreciation Right, Restricted Share, Restricted Share Unit,
                                         Performance-Based Award, Other Share-Based Award, or Other Cash-Based Award granted under
                                         the Plan.
	 	 	 
		e)	“Award
                                         Agreement” means any agreement, contract, or other instrument or document evidencing
                                         an Award. Evidence of an Award may be in written or electronic form, may be limited to
                                         notation on the books and records of the Company and, with the approval of the Administrator,
                                         need not be signed by a representative of the Company or a Participant. Any Shares that
                                         become deliverable to the Participant pursuant to the Plan may be issued in certificate
                                         form in the name of the Participant or in book-entry form in the name of the Participant.
	 	 	 
		f)	“Bylaws”
                                         means the constitution of the Company, as may be amended and/or restated from time to
                                         time.
	 	 	 
		g)	“Beneficial
                                         Owner” (or any variant thereof) has the meaning defined in Rule 13d-3 under
                                         the Exchange Act.
	 	 	 
		h)	“Board”
                                         means the Board of Directors of the Company.

 

    	 

    	 

    

 

		i)	“Cause”
                                         shall have the meaning assigned to such term in any Company or Affiliate employment,
                                         severance, or similar agreement or Award Agreement with the Participant or, if no such
                                         agreement exists or the agreement does not define “Cause,” Cause means (i)
                                         any conduct, action or behavior by a Participant, whether or not in connection with the
                                         Participant’s employment, including, without limitation, the commission of any
                                         felony or a lesser crime involving dishonesty, fraud, misappropriation, theft, wrongful
                                         taking of property, embezzlement, bribery, forgery, extortion or other crime of moral
                                         turpitude, that has or may reasonably be expected to have a material adverse effect on
                                         the reputation or business of the Company, its Subsidiaries and Affiliates or which results
                                         in gain or personal enrichment of the Participant to the detriment of the Company, its
                                         Subsidiaries and Affiliates; (ii) a governmental authority has prohibited the
                                         Participant from working or being affiliated with the Company, its Subsidiaries and Affiliates
                                         or the business conducted thereby; (iii) the commission of any act by the Participant
                                         of gross negligence or malfeasance, or any willful violation of law, in each case, in
                                         connection with the Participant’s performance of his or her duties with the Company
                                         or any Affiliate thereof; (iv) performance of the Participant’s duties in
                                         an unsatisfactory manner after a written warning and a ten (10) day opportunity to cure
                                         or failure to observe material policies generally applicable to employees after a written
                                         warning and a ten (10) day opportunity to cure; (v) a breach of the Participant’s
                                         fiduciary duty to the Company Group which constitutes a willful failure to deal fairly
                                         with the Company Group or its shareholders in connection with a transaction in which
                                         the Participant has a material undisclosed personal conflict of interest; (vi)
                                         the Participant’s chronic absenteeism (i.e., the Participant’s absence
                                         of ten percent (10%) or more of total work-days in a calendar year; (vii) the
                                         Participant’s substance abuse, illegal drug use, or habitual insobriety; or (viii)
                                         the Participant’s violation of obligations of confidentiality to any third party
                                         in the course of providing services to the Company, its Subsidiaries and Affiliates.
	 	 	 
		j)	“Certificate
                                         of Incorporation” means the certificate of incorporation of the Company, as
                                         may be amended and/or restated from time to time.
	 	 	 
		k)	“Change
                                         in Capitalization” means any (i) merger, consolidation, reclassification,
                                         recapitalization, spin-off, spin-out, repurchase or other reorganization or corporate
                                         transaction or event, (ii) extraordinary dividend (whether in the form of cash,
                                         Ordinary Shares or other property), share split or reverse share split, (iii)
                                         combination or exchange of shares, (iv) other change in corporate structure, or
                                         (v) payment of any other distribution, which, in any such case, the Administrator
                                         determines, in its sole discretion, affects the Shares such that an adjustment pursuant
                                         to Section 5 of the Plan is appropriate.
	 	 	 
		l)	“Change
                                         in Control” shall be deemed to have occurred if an event set forth in any one
                                         of the following paragraphs shall have occurred following the Effective Date:

 

		(i)	any
                                         Person, other than the Company or a trustee or other fiduciary holding securities under
                                         an employee benefit plan of the Company, becomes the Beneficial Owner, directly or indirectly,
                                         of securities of the Company representing more than fifty percent (50%) of the combined
                                         voting power of the Company’s then outstanding securities, excluding any Person
                                         who becomes such a Beneficial Owner in connection with a transaction described in clause
                                         (A) of paragraph (iii) below or any acquisition directly from the Company;
                                         or
	 	 	 
		(ii)	the
                                         following individuals cease for any reason to constitute a majority of the number of
                                         Directors then serving on the Board: individuals who, during any period of two (2) consecutive
                                         years, constitute the Board and any new Director (other than a Director whose initial
                                         assumption of office is in connection with an actual or threatened election contest,
                                         including, but not limited to, a consent solicitation, relating to the election of Directors
                                         of the Company) whose appointment or election by the Board or nomination for election
                                         by the Company’s shareholders was approved or recommended by a vote of at least
                                         two-thirds (2/3) of the Directors then still in office who either were Directors at the
                                         beginning of the two (2) year period or whose appointment, election or nomination for
                                         election was previously so approved or recommended; or

 

    	 

    	 

    

 

		(iii)	there
                                         is consummated a merger or consolidation of the Company or any Affiliate thereof with
                                         any other corporation, other than a merger or consolidation (A) that results in
                                         the voting securities of the Company outstanding immediately prior thereto continuing
                                         to represent (either by remaining outstanding or by being converted into voting securities
                                         of the surviving entity) at least fifty percent (50%) of the combined voting power of
                                         the voting securities of the Company (or such surviving entity or, if the Company or
                                         the entity surviving such merger is then a subsidiary, the ultimate parent thereof) outstanding
                                         immediately after such merger or consolidation, and (B) immediately following
                                         which the individuals who comprise the Board immediately prior thereto constitute at
                                         least a majority of the Board of the entity surviving such merger or consolidation or,
                                         if the Company or the entity surviving such merger is then a subsidiary, the ultimate
                                         parent thereof; or
	 	 	 
		(iv)	the
                                         consummation of a plan of complete liquidation or dissolution of the Company or there
                                         is consummated an agreement for the sale or disposition by the Company of all or substantially
                                         all of the Company’s assets, other than (A) a sale or disposition by the
                                         Company of all or substantially all of the Company’s assets to an entity, at least
                                         fifty percent (50%) of the combined voting power of the voting securities of which are
                                         owned directly or indirectly by shareholders of the Company following the completion
                                         of such transaction in substantially the same proportions as their ownership of the Company
                                         immediately prior to such sale or (B) a sale or disposition of all or substantially
                                         all of the Company’s assets immediately following which the individuals who comprise
                                         the Board immediately prior thereto constitute at least a majority of the board of directors
                                         of the entity to which such assets are sold or disposed or, if such entity is a subsidiary,
                                         the ultimate parent thereof.

 

Notwithstanding
the foregoing, a “Change in Control” shall not be deemed to have occurred by virtue of the consummation of any transaction
or series of integrated transactions immediately following which the holders of Ordinary Shares immediately prior to such transaction
or series of transactions continue to have substantially the same proportionate ownership in an entity which owns all or substantially
all of the assets of the Company immediately following such transaction or series of transactions.

 

		m)	“Change
                                         in Control Price” shall have the meaning set forth in Section 12 of the Plan.
	 	 	 
		n)	“Committee”
                                         means any committee or subcommittee the Board may appoint to administer the Plan. Subject
                                         to the discretion of the Board, the Committee shall be composed entirely of individuals
                                         who meet the qualifications of a “non-employee director” within the meaning
                                         of Rule 16b-3 under the Exchange Act and any other qualifications required by the applicable
                                         stock/share exchange on which the Ordinary Shares are traded. If at any time or to any
                                         extent the Board shall not administer the Plan, then the functions of the Administrator
                                         specified in the Plan shall be exercised by the Committee. Except as otherwise provided
                                         in the Company’s Certificate of Incorporation or Bylaws, or any charter establishing
                                         the Committee, any action of the Committee with respect to the administration of the
                                         Plan shall be taken by a majority vote at a meeting at which a quorum is duly constituted
                                         or unanimous written consent of the Committee’s members.
	 	 	 
		o)	“Company”
                                         means Diginex Limited, a Singapore public limited corporation (or any successor corporation,
                                         except as the term “Company” is used in the definition of “Change in
                                         Control” above).
	 	 	 
		p)	“Consultant”
                                         means any consultant or independent contractor of the Company or an Affiliate thereof,
                                         in each case, who is not an Employee, Executive Officer, or non-employee Director.
	 	 	 
		q)	“Disability”
                                         shall have the meaning assigned to such term in any individual employment, severance
                                         or similar agreement or Award Agreement with the Participant or, if no such agreement
                                         exists or the agreement does not define “Disability,” Disability means, with
                                         respect to any Participant, that such Participant (i) is unable to engage in any
                                         substantial gainful activity by reason of any medically determinable physical or mental
                                         impairment which can be expected to result in death or can be expected to last for a
                                         continuous period of not less than twelve (12) months, or (ii) is, by reason of
                                         any medically determinable physical or mental impairment which can be expected to result
                                         in death or can be expected to last for a continuous period of not less than twelve (12)
                                         months, receiving income replacement benefits for a period of not less than three (3)
                                         months under an accident and health plan covering Employees of the Company or an Affiliate
                                         thereof.

 

    	 

    	 

    

 

		r)	“Director”
                                         means any individual who is a member of the Board on or after the Effective Date.
	 	 	 
		s)	“Effective
                                         Date” shall have the meaning set forth in Section 18 of the Plan.
	 	 	 
		t)	“Eligible
                                         Recipient” means: (i) an Employee; (ii) a non-employee Director;
                                         or (iii) a Consultant, in each case, who has been selected as an Eligible Recipient
                                         under the Plan by the Administrator.
	 	 	 
		u)	“Employee”
                                         shall mean an employee of the Company or an Affiliate thereof, including an Executive
                                         Officer or Director who is also treated as an employee.
	 	 	 
		v)	“Exchange
                                         Act” means the United States Securities Exchange Act of 1934, as amended from
                                         time to time.
	 	 	 
		w)	“Executive
                                         Officer” means each Participant who is an executive officer (within the meaning
                                         of Rule 3b-7 under the Exchange Act) of the Company.
	 	 	 
		x)	“Exercise
                                         Price” means, with respect to any Award under which the holder may purchase
                                         Shares, the price per share at which a holder of such Award granted hereunder may purchase
                                         Shares issuable upon exercise of such Award.
	 	 	 
		y)	“Fair
                                         Market Value” as of a particular date shall mean: (i) if the Ordinary
                                         Shares are admitted to trading on a national securities exchange, the fair market value
                                         of a Share on any date shall be the closing sale price reported for such share on such
                                         exchange on such date or, if no sale was reported on such date, on the last day preceding
                                         such date on which a sale was reported; or (ii) if the Shares are not then listed
                                         on a national securities exchange or traded in an over-the-counter market or the value
                                         of such Shares is not otherwise determinable, such value as determined by the Committee
                                         in good faith (such determination to be conclusive and binding on all persons).
	 	 	 
		z)	“Free
                                         Standing Rights” shall have the meaning set forth in Section 8(a) of the Plan.
	 	 	 
		aa)	“Option”
                                         means an option to purchase Shares granted pursuant to Section 7 of the Plan.
	 	 	 
		bb)	“Ordinary
                                         Shares” means the ordinary shares of the Company.
	 	 	 
		cc)	“Other
                                         Cash-Based Award” means a cash Award granted to a Participant under Section
                                         11 of the Plan, including cash awarded as a bonus or upon the attainment of Performance
                                         Goals or otherwise as permitted under the Plan.
	 	 	 
		dd)	“Other
                                         Share-Based Award” means a right or other interest granted to a Participant
                                         under Section 11 of the Plan that may be denominated or payable in, valued in whole or
                                         in part by reference to, or otherwise based on or related to, Ordinary Shares, including,
                                         but not limited to, unrestricted Shares or dividend equivalents, each of which may be
                                         subject to the attainment of Performance Goals or a period of continued employment or
                                         other terms or conditions as permitted under the Plan.
	 	 	 
		ee)	“Participant”
                                         means any Eligible Recipient selected by the Administrator, pursuant to the Administrator’s
                                         authority provided for in Section 3 of the Plan, to receive grants of Options, Share
                                         Appreciation Rights, Restricted Shares, Restricted Share Units, Performance-Based Awards,
                                         Other Share-Based Awards, Other Cash-Based Awards or any combination of the foregoing,
                                         and, upon his or her death, his or her successors, heirs, executors and administrators,
                                         as the case may be, solely with respect to any Awards outstanding at the date of the
                                         Eligible Recipient’s death.
	 	 	 
		ff)	“Performance-Based
                                         Award” means any Award granted under the Plan that is subject to one or more
                                         Performance Goals. Any dividends or dividend equivalents payable or credited to a Participant
                                         with respect to any unvested Performance-Based Award shall be subject to the same Performance
                                         Goals as the Shares or units underlying the Performance-Based Award.

 

    	 

    	 

    

 

		gg)	“Performance
                                         Goals” means performance goals based on one or more of the following criteria:
                                         (i) earnings before interest and taxes; (ii) earnings before interest,
                                         taxes, depreciation and amortization; (iii) net operating profit after tax; (iv)
                                         cash flow; (v) revenue; (vi) net revenues; (vii) sales; (viii)
                                         days sales outstanding; (ix) scrap rates; (x) income; (xi) net income;
                                         (xii) operating income; (xiii) net operating income; (xiv) operating
                                         margin; (xv) earnings; (xvi) earnings per share; (xvii) return on
                                         equity; (xviii) return on investment; (xix) return on capital; (xx)
                                         return on assets; (xxi) return on net assets; (xxii) total shareholder
                                         return; (xxiii) economic profit; (xxiv) market share; (xxv) appreciation
                                         in the fair market value, book value or other measure of value of the Company’s
                                         Ordinary Shares; (xxvi) expense or cost control; (xxvii) working capital;
                                         (xxviii) volume or production; (xxix) new products; (xxx) customer
                                         satisfaction; (xxxi) brand development; (xxxii) employee retention or employee
                                         turnover; (xxxiii) employee satisfaction or engagement; (xxxiv) environmental,
                                         health or other safety goals; (xxxv) individual performance; (xxxvi) strategic
                                         objective milestones; (xxxvii) days inventory outstanding; and (xxxviii)
                                         any other performance goal or a combination of performance goals selected by the Administrator.
                                         Where applicable, the Performance Goals may be expressed in terms of attaining a specified
                                         level of the particular criteria or the attainment of a percentage increase or decrease
                                         in the particular criteria, and may be applied to one or more of the Company or an Affiliate
                                         thereof, or a division or strategic business unit of the Company, or may be applied to
                                         the performance of the Company relative to a market index, a group of other companies
                                         or a combination thereof, all as determined by the Administrator. The Performance Goals
                                         may include a threshold level of performance below which no payment shall be made (or
                                         no vesting shall occur), levels of performance at which specified payments shall be made
                                         (or specified vesting shall occur), and a maximum level of performance above which no
                                         additional payment shall be made (or at which full vesting shall occur).
	 	 	 
		hh)	“Person”
                                         shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and
                                         used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i)
                                         the Company or any Affiliate thereof, (ii) a trustee or other fiduciary holding
                                         securities under an employee benefit plan of the Company or any Affiliate thereof, (iii)
                                         an underwriter temporarily holding securities pursuant to an offering of such securities,
                                         or (iv) a corporation owned, directly or indirectly, by the shareholders of the
                                         Company in substantially the same proportions as their ownership of shares of the Company.
	 	 	 
		ii)	“Related
                                         Rights” shall have the meaning set forth in Section 8(a) of the Plan.
	 	 	 
		jj)	“Restricted
                                         Shares” means an Award of Shares granted pursuant to Section 9 of the Plan
                                         subject to certain restrictions that lapse at the end of a specified period or periods
                                         or the attainment of certain Performance Goals.
	 	 	 
		kk)	“Restricted
                                         Share Unit” means a notional account established pursuant to an Award granted
                                         to a Participant, as described in Section 10 of the Plan, that is (i) valued solely
                                         by reference to Shares, (ii) subject to restrictions specified in the Award Agreement,
                                         and (iii) payable in cash or in Shares (as specified in the Award Agreement).
                                         The Restricted Share Units awarded to the Participant will vest according to the time-based
                                         criteria or Performance Goals criteria specified in the Award Agreement.
	 	 	 
		ll)	“Restricted
                                         Period” means the period of time determined by the Administrator during which
                                         an Award or a portion thereof is subject to restrictions or, as applicable, the period
                                         of time within which performance is measured for purposes of determining whether an Award
                                         has been earned.
	 	 	 
		mm)	“Retirement”
                                         means a termination of a Participant’s employment, other than for Cause and other
                                         than by reason of death or Disability, on or after the attainment of age 65.
	 	 	 
		nn)	“Rule
                                         16b-3” shall have the meaning set forth in Section 3(a) of the Plan.
	 	 	 
		oo)	“Shares”
                                         means Ordinary Shares issued or to be issued under the Plan, as adjusted pursuant to
                                         the Plan, and any successor (pursuant to a merger, consolidation or other reorganization)
                                         security.

 

    	 

    	 

    

 

		pp)	“Share
                                         Appreciation Right” means the right pursuant to an Award granted under Section
                                         8 of the Plan to receive an amount equal to the excess, if any, of (i) the aggregate
                                         Fair Market Value, as of the date such Award or portion thereof is surrendered, of the
                                         Shares covered by such Award or such portion thereof, over (ii) the aggregate
                                         Exercise Price of such Award or such portion thereof.
	 	 	 
		qq)	“Subsidiaries”
                                         has the meaning as ascribed under the Companies Act (Cap. 50) of Singapore.
	 	 	 
		rr)	“Substitute
                                         Award” shall mean an Award granted under the Plan upon the assumption of, or
                                         in substitution for, outstanding equity awards granted by a company or other entity in
                                         connection with a corporate transaction, such as a merger, combination, consolidation,
                                         or acquisition of property or stock/shares; 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.

 

Section
3. Administration.

 

(a)
The Plan shall be administered by the Administrator and shall be administered in accordance with, to the extent applicable, Rule
16b-3 under the Exchange Act (“Rule 16b-3”).

 

(b)
Pursuant to the terms of the Plan, the Administrator, subject, in the case of any Committee, to any restrictions on the authority
delegated to it by the Board, shall have the power and authority, without limitation:

 

(i)
to select those Eligible Recipients who shall be Participants;

 

(ii)
to determine whether and to what extent Options, Share Appreciation Rights, Restricted Shares, Restricted Share Units, Performance-Based
Awards, Other Share-Based Awards, Other Cash-Based Awards or a combination of any of the foregoing, are to be granted hereunder
to Participants;

 

(iii)
to determine the number of Shares to be covered by each Award granted hereunder;

 

(iv)
to determine the terms and conditions, not inconsistent with the terms of the Plan, of each Award granted hereunder, including,
but not limited to, (A) the restrictions applicable to Restricted Shares and Restricted Share Units and the conditions
under which restrictions applicable to such Restricted Shares and Restricted Share Units shall lapse, (B) the Performance
Goals and periods applicable to Awards, if any, (C) the Exercise Price of each Award, (D) the vesting schedule applicable
to each Award, and (E) the number of Shares subject to each Award, any amendments to the terms and conditions of outstanding
Awards, including, but not limited to, extending the exercise period of such Awards and accelerating the vesting schedule of such
Awards;

 

(v)
to determine the terms and conditions, not inconsistent with the terms of the Plan, which shall govern all written instruments
evidencing Options, Share Appreciation Rights, Restricted Shares, Restricted Share Units or Other Share-Based Awards, Other Cash-Based
Awards or any combination of the foregoing granted hereunder;

 

(vi)
to determine the Fair Market Value;

 

(vii)
to determine the duration and purpose of leaves of absence which may be granted to a Participant without constituting termination
of the Participant’s employment for purposes of Awards granted under the Plan;

 

(viii)
to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall from time to time
deem advisable;

 

(ix)
to reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan, any Award Agreement or other
instrument or agreement relating to the Plan or an Award granted under the Plan; and

 

(x)
to construe and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement relating
thereto), and to otherwise supervise the administration of the Plan and to exercise all powers and authorities either specifically
granted under the Plan or necessary and advisable in the administration of the Plan.

 

    	 

    	 

    

 

(c)
The Administrator shall have the right, from time to time, to delegate to one or more officers of the Company the authority of
the Administrator to grant and determine the terms and conditions of Awards granted under the Plan, subject to the requirements
of state law and such other limitations as the Administrator shall determine. In no event shall any such delegation of authority
be permitted with respect to Awards to any members of the Board or to any Eligible Recipient who is subject to Rule 16b-3 under
the Exchange Act. The Administrator shall also be permitted to delegate, to any appropriate officer or employee of the Company,
responsibility for performing certain ministerial functions under the Plan. If the Administrator’s authority is delegated
to officers or employees in accordance with the foregoing, all provisions of the Plan relating to the Administrator shall be interpreted
in a manner consistent with the foregoing by treating any such reference as a reference to such officer or employee for such purpose.
Any action undertaken in accordance with the Administrator’s delegation of authority hereunder shall have the same force
and effect as if such action was undertaken directly by the Administrator and shall be deemed for all purposes of the Plan to
have been taken by the Administrator.

 

(d)
All decisions made by the Administrator pursuant to the provisions of the Plan shall be final, conclusive, and binding on all
persons, including the Company and the Participants. No member of the Board or the Committee, or any officer or employee of the
Company or any Affiliate thereof acting on behalf of the Board or the Committee, shall be personally liable for any action, omission,
determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Committee
and each and any officer or employee of the Company and of any Affiliate thereof acting on their behalf shall, to the maximum
extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, omission, determination
or interpretation.

 

Section
4. Shares Subject to the Plan.

 

(a)
Subject to Section 5 of the Plan, the number of Shares that are available for issuance pursuant to Awards granted under the Plan
is equal to fifteen percent (15%) of the total number of Ordinary Shares, issued subject to compliance with all applicable law
and calculated on the basis of the total number of Ordinary Shares assuming all convertible securities are converted or exchanged
and all rights, options or warrants to subscribe for or acquire Shares are exercised and including all Ordinary Shares authorized
for future issuance or grant under any equity incentive, share option or similar plan of the Company as of the Effective Date.

 

(b)
Notwithstanding the foregoing, the maximum number of Shares subject to Awards granted during any fiscal year to any non-employee
Director, when taken together with any cash fees paid to such non-employee Director during the fiscal year in respect of his or
her service as a Director, shall not exceed $[____] in total value (calculating the value of any such Awards based on the grant
date Fair Market Value of such Awards for financial reporting purposes).

 

(c)
Shares issued under the Plan may, in whole or in part, be authorized but unissued Shares or Shares that shall have been or may
be reacquired by the Company in the open market, in private transactions or otherwise. Any Shares subject to an Award under the
Plan that, after the Effective Date, are forfeited, canceled, settled or otherwise terminated without a distribution of Shares
to a Participant will thereafter be deemed to be available for Awards. In applying the immediately preceding sentence, if (i)
Shares otherwise issuable or issued in respect of, or as part of, any Award are withheld to cover taxes, such Shares shall be
treated as having been issued under the Plan and shall not again be available for issuance under the Plan, (ii) Shares
otherwise issuable or issued in respect of, or as part of, any Award of Options or Share Appreciation Rights are withheld to cover
the Exercise Price, such Shares shall be treated as having been issued under the Plan and shall not be available for issuance
under the Plan, and (iii) any Share-settled Share Appreciation Rights are exercised, the aggregate number of Shares subject
to such Share Appreciation Rights shall be deemed issued under the Plan and shall not be available for issuance under the Plan.

 

(d)
Substitute Awards shall not reduce the Shares authorized for grant under the Plan. In the event that a company acquired by the
Company or any Affiliate or with which the Company or any Affiliate combines has shares available under a pre-existing plan approved
by shareholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to
the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation
ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of ordinary shares
of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares
authorized for grant under the Plan; provided that Awards using such available Shares shall not be made after the date
awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall
only be made to individuals who were not employed by or providing services to the Company or its Affiliates immediately prior
to such acquisition or combination.

 

    	 

    	 

    

 

Section
5. Equitable Adjustments.

 

In
the event of any Change in Capitalization, an equitable substitution or proportionate adjustment shall be made, in each case,
as may be determined by the Administrator, in its sole discretion, in (i) the aggregate number of Shares available for
issuance under the Plan and the maximum number of Shares that may be subject to Awards granted to any Participant in any calendar
or fiscal year, (ii) the kind, number and Exercise Price subject to outstanding Options and Share Appreciation Rights granted
under the Plan, and (iii) the kind, number and purchase price of Shares subject to outstanding Restricted Shares or Other
Share-Based Awards granted under the Plan, in each case as may be determined by the Administrator, in its sole discretion; provided,
however, that any fractional Shares resulting from the adjustment shall be eliminated. Such other equitable substitutions
or adjustments shall be made as may be determined by the Administrator, in its sole discretion. Without limiting the generality
of the foregoing, in connection with a Change in Capitalization, the Administrator may provide, in its sole discretion, for the
cancellation of any outstanding Award granted hereunder in exchange for payment in cash or other property having an aggregate
Fair Market Value of the Shares covered by such Award, reduced by the aggregate Exercise Price or purchase price thereof, if any.
The Administrator’s determinations pursuant to this Section 5 shall be final, binding and conclusive.

 

Section
6. Eligibility.

 

The
Participants under the Plan shall be selected from time to time by the Administrator, in its sole discretion, from among Eligible
Recipients.

 

Section
7. Options.

 

(a)
General. The Committee may, in its sole discretion, grant Options to Participants. Each Participant who is granted an Option
shall enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall determine,
in its sole discretion, which Award Agreement shall set forth, among other things, the Exercise Price of the Option, the term
of the Option and provisions regarding exercisability of the Option granted thereunder. The provisions of each Option need not
be the same with respect to each Participant. More than one Option may be granted to the same Participant and be outstanding concurrently
hereunder. Options granted under the Plan shall be subject to the terms and conditions set forth in this Section 7 and shall contain
such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and
set forth in the applicable Award Agreement. The prospective recipient of an Option shall not have any rights with respect to
such Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award
Agreement, executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other
period as the Administrator may specify) after the award date.

 

(b)
Exercise Price. The Exercise Price of Shares purchasable under an Option shall be determined by the Administrator in the
applicable Award Agreement in its sole discretion at the time of grant.

 

(c)
Option Term. The maximum term of each Option shall be fixed by the Administrator, but in no event shall an Option be exercisable
more than (i) ten (10) years after the date such Option is granted to an Employee or (ii) five (5) years after the date such Option
is granted to a non-employee Director or a Consultant. Each Option’s term is subject to earlier expiration pursuant to the
applicable provisions in the Plan and the Award Agreement. Notwithstanding the foregoing, the Administrator shall have the authority
to accelerate the exercisability of any outstanding Option at such time and under such circumstances as the Administrator, in
its sole discretion, deems appropriate. Notwithstanding any contrary provision herein, if, on the date an outstanding Option would
expire, the exercise of the Option, including by a “net exercise” or “cashless” exercise, would violate
applicable securities laws or any insider trading policy maintained by the Company from time to time, the expiration date applicable
to the Option will be extended, to a date that is thirty (30) calendar days after the date the exercise of the Option would no
longer violate applicable securities laws or any such insider trading policy.

 

    	 

    	 

    

 

(d)
Exercisability. Each Option shall be exercisable at such time or times and subject to such terms and conditions, including
the attainment of pre-established Performance Goals, as shall be determined by the Administrator in the applicable Award Agreement.
The Administrator may also provide that any Option shall be exercisable only in installments, and the Administrator may waive
such installment exercise provisions at any time, in whole or in part, based on such factors as the Administrator may determine
in its sole discretion. Notwithstanding anything to the contrary contained herein, an Option may not be exercised for a fraction
of a share.

 

(e)
Method of Exercise. Options may be exercised in whole or in part by giving written notice of exercise to the Company specifying
the number of Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased
in cash or its equivalent, as determined by the Administrator. As determined by the Administrator, in its sole discretion, with
respect to any Option or category of Options, payment in whole or in part may also be made (i) by means of consideration
received under any cashless exercise procedure approved by the Administrator (including the withholding of Shares otherwise issuable
upon exercise), (ii) in the form of unrestricted Shares already owned by the Participant which have a Fair Market Value
on the date of surrender equal to the aggregate Exercise Price of the Shares as to which such Option shall be exercised, (iii)
any other form of consideration approved by the Administrator and permitted by applicable law or (iv) any combination of
the foregoing. In determining which methods a Participant may utilize to pay the Exercise Price, the Administrator may consider
such factors as it determines are appropriate.

 

(f)
Rights as Shareholder. A Participant shall have no rights to dividends or any other rights of a shareholder with respect
to the Shares subject to an Option until the Participant has given written notice of the exercise thereof, has paid in full for
such Shares and has satisfied the requirements of Section 15 of the Plan and the Shares have been issued to the Participant.

 

(g)
Termination of Employment or Service.

 

(i)
Unless the applicable Award Agreement provides otherwise, in the event that the employment or service of a Participant with the
Company and all Affiliates thereof shall terminate for any reason other than Cause, Retirement, Disability, or death, (A)
Options granted to such Participant, to the extent that they are exercisable at the time of such termination, shall remain exercisable
until the date that is ninety (90) days after such termination, on which date they shall expire, and (B) Options granted
to such Participant, to the extent that they were not exercisable at the time of such termination, shall expire at the close of
business on the date of such termination. The ninety (90) day period described in this Section 7(g)(i) shall be extended to one
(1) year after the date of such termination in the event of the Participant’s death during such ninety (90) day period.
Notwithstanding the foregoing, no Option shall be exercisable after the expiration of its term.

 

(ii)
Unless the applicable Award Agreement provides otherwise, in the event that the employment or service of a Participant with the
Company and all Affiliates thereof shall terminate on account of Retirement, Disability or the death of the Participant, (A)
Options granted to such Participant, to the extent that they were exercisable at the time of such termination, shall remain exercisable
until the date that is one (1) year after such termination, on which date they shall expire and (B) Options granted to
such Participant, to the extent that they were not exercisable at the time of such termination, shall expire at the close of business
on the date of such termination. Notwithstanding the foregoing, no Option shall be exercisable after the expiration of its term.

 

(iii)
In the event of the termination of a Participant’s employment or service for Cause, all outstanding Options (whether or
not vested) granted to such Participant shall expire at the commencement of business on the date of such termination.

 

(iv)
For purposes of this Section 7(g), Options that are not exercisable solely due to a blackout period shall be considered exercisable.

 

(h)
Other Change in Employment Status. An Option may be affected, both with regard to vesting schedule and termination, by
leaves of absence, changes from full-time to part-time employment, partial disability or other changes in the employment status
or service of a Participant, as evidenced in a Participant’s Award Agreement.

 

(i)
Change in Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Options shall
be subject to Section 12 of the Plan.

 

    	 

    	 

    

 

(j)
Automatic Exercise. Unless otherwise provided by the Administrator in an Award Agreement or otherwise, or as otherwise
directed by the Participant in writing to the Company, each vested and exercisable Option outstanding on the Automatic Exercise
Date with an Exercise Price per Share that is less than the Fair Market Value per Share as of such date shall automatically and
without further action by the Participant or the Company be exercised on the Automatic Exercise Date. In the sole discretion of
the Administrator, payment of the Exercise Price of any such Option shall be made pursuant to Section 7(e) and the Company or
any Affiliate shall deduct or withhold an amount sufficient to satisfy all taxes associated with such exercise in accordance with
Section 15. Unless otherwise determined by the Administrator, this Section 7(j) shall not apply to an Option if the Participant’s
employment or service has terminated on or before the Automatic Exercise Date. For the avoidance of doubt, no Option with an Exercise
Price per Share that is equal to or greater the Fair Market Value per Share on the Automatic Exercise Date shall be exercised
pursuant to this Section 7(j).

 

Section
8. Share Appreciation Rights.

 

(a)
General. Share Appreciation Rights may be granted either alone (“Free Standing Rights”) or in conjunction
with all or part of any Option granted under the Plan (“Related Rights”). Related Rights may be granted either
at or after the time of the grant of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time
or times at which, grants of Share Appreciation Rights shall be made, the number of Shares to be awarded, the price per Share,
and all other conditions of Share Appreciation Rights. Notwithstanding the foregoing, no Related Right may be granted for more
Shares than are subject to the Option to which it relates and any Share Appreciation Right must be granted with an Exercise Price
not less than the Fair Market Value of an Ordinary Share on the date of grant. The provisions of Share Appreciation Rights need
not be the same with respect to each Participant. Share Appreciation Rights granted under the Plan shall be subject to the following
terms and conditions set forth in this Section 8 and shall contain such additional terms and conditions, not inconsistent with
the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award Agreement.

 

(b)
Awards; Rights as Shareholder. The prospective recipient of a Share Appreciation Right shall not have any rights with respect
to such Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award
Agreement, executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other
period as the Administrator may specify) after the award date. Participants who are granted Share Appreciation Rights shall have
no rights as shareholders of the Company with respect to the grant or exercise of such rights.

 

(c)
Exercisability.

 

(i)
Share Appreciation Rights that are Free Standing Rights shall be exercisable at such time or times and subject to such terms and
conditions as shall be determined by the Administrator in the applicable Award Agreement.

 

(ii)
Share Appreciation Rights that are Related Rights shall be exercisable only at such time or times and to the extent that the Options
to which they relate shall be exercisable in accordance with the provisions of Section 7 above and this Section 8 of the Plan.

 

(d)
Payment Upon Exercise.

 

(i)
Upon the exercise of a Free Standing Right, the Participant shall be entitled to receive up to, but not more than, that number
of Shares, determined using the Fair Market Value, equal in value to the excess of the Fair Market Value as of the date of exercise
over the price per share specified in the Free Standing Right multiplied by the number of Shares in respect of which the Free
Standing Right is being exercised.

 

(ii)
A Related Right may be exercised by a Participant by surrendering the applicable portion of the related Option. Upon such exercise
and surrender, the Participant shall be entitled to receive up to, but not more than, that number of Shares, determined using
the Fair Market Value, equal in value to the excess of the Fair Market Value as of the date of exercise over the Exercise Price
specified in the related Option multiplied by the number of Shares in respect of which the Related Right is being exercised. Options
which have been so surrendered, in whole or in part, shall no longer be exercisable to the extent the Related Rights have been
so exercised.

 

(iii)
Notwithstanding the foregoing, the Administrator may determine to settle the exercise of a Share Appreciation Right in cash (or
in any combination of Shares and cash).

 

    	 

    	 

    

 

(e)
Rights as Shareholder. A Participant shall have no rights to dividends or any other rights of a shareholder with respect
to the Shares subject to a Share Appreciation Right until the Participant has given written notice of the exercise thereof, has
satisfied the requirements of Section 15 of the Plan and the Shares have been issued to the Participant.

 

(f)
Termination of Employment or Service.

 

(i)
In the event of the termination of employment or service with the Company and all Affiliates thereof of a Participant who has
been granted one or more Free Standing Rights, such rights shall be exercisable at such time or times and subject to such terms
and conditions as shall be determined by the Administrator in the applicable Award Agreement.

 

(ii)
In the event of the termination of employment or service with the Company and all Affiliates thereof of a Participant who has
been granted one or more Related Rights, such rights shall be exercisable at such time or times and subject to such terms and
conditions as set forth in the related Options.

 

(g)
Term.

 

(i)
The term of each Free Standing Right shall be fixed by the Administrator, but no Free Standing Right shall be exercisable more
than (i) ten (10) years after the date such Free Standing Right is granted to an Employee or (ii) five (5) years after the date
such Free Standing Right is granted to a non-employee Director or a Consultant.

 

(ii)
The term of each Related Right shall be the term of the Option to which it relates, but no Related Right shall be exercisable
more than (i) ten (10) years after the date such Related Right is granted to an Employee or (ii) five (5) years after the date
such Related Right is granted to a non-employee Director or a Consultant.

 

(h)
Change in Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Share Appreciation
Rights shall be subject to Section 12 of the Plan.

 

(i)
Automatic Exercise. Unless otherwise provided by the Administrator in an Award Agreement or otherwise, or as otherwise
directed by the Participant in writing to the Company, each vested and exercisable Share Appreciation Right outstanding on the
Automatic Exercise Date with an Exercise Price per Share that is less than the Fair Market Value per Share as of such date shall
automatically and without further action by the Participant or the Company be exercised on the Automatic Exercise Date. The Company
or any Affiliate shall deduct or withhold an amount sufficient to satisfy all taxes associated with such exercise in accordance
with Section 15. Unless otherwise determined by the Administrator, this Section 8(i) shall not apply to a Share Appreciation Right
if the Participant’s employment or service has terminated on or before the Automatic Exercise Date. For the avoidance of
doubt, no Share Appreciation Right with an Exercise Price per Share that is equal to or greater the Fair Market Value per Share
on the Automatic Exercise Date shall be exercised pursuant to this Section 8(i).

 

Section
9. Restricted Shares.

 

(a)
General. Restricted Shares may be issued either alone or in addition to other Awards granted under the Plan. The Administrator
shall determine the Eligible Recipients to whom, and the time or times at which, grants of Restricted Shares shall be made; the
number of Shares to be awarded; the price, if any, to be paid by the Participant for the acquisition of Restricted Shares; the
Restricted Period, if any, applicable to Restricted Shares; the Performance Goals (if any) applicable to Restricted Shares; and
all other conditions of the Restricted Shares. If the restrictions, Performance Goals and/or conditions established by the Administrator
are not attained, a Participant shall forfeit his or her Restricted Shares in accordance with the terms of the grant. The provisions
of the Restricted Shares need not be the same with respect to each Participant.

 

(b)
Awards and Certificates. The prospective recipient of Restricted Shares shall not have any rights with respect to any such
Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement,
executed and delivered a fully executed copy thereof to the Company, along with a share power or share transfer form, endorsed
in blank covering the Shares covered by such Award, within a period of sixty (60) days (or such other period as the Administrator
may specify) after the award date. Except as otherwise provided in Section 9(c) of the Plan, (i) each Participant who is
granted an award of Restricted Shares may, in the Company’s sole discretion, be issued a share certificate in respect of
such Restricted Shares; and (ii) any such certificate so issued shall be registered in the name of the Participant, and
shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to any such Award.

 

    	 

    	 

    

 

The
Company may require that the share certificates, if any, evidencing Restricted Shares granted hereunder be held in the custody
of the Company until the restrictions thereon shall have lapsed, and that, as a condition of any award of Restricted Shares, the
Participant shall have delivered a share power or share transfer form, endorsed in blank, relating to the Shares covered by such
Award.

 

Notwithstanding
anything in the Plan to the contrary, any Restricted Shares (whether before or after any vesting conditions have been satisfied)
may, in the Company’s sole discretion, be issued in uncertificated form pursuant to the customary arrangements for issuing
shares in such form.

 

(c)
Restrictions and Conditions. The Restricted Shares granted pursuant to this Section 9 shall be subject to the following
restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant
or thereafter:

 

(i)
The Administrator may, in its sole discretion, provide for the lapse of restrictions in instalments and may accelerate or waive
such restrictions in whole or in part based on such factors and such circumstances as the Administrator may determine, in its
sole discretion, including, but not limited to, the attainment of certain Performance Goals, the Participant’s termination
of employment or service as a non-employee Director or Consultant of the Company or an Affiliate thereof, or the Participant’s
death or Disability.

 

(ii)
Except as provided in the Award Agreement, the Participant shall generally have the rights of a shareholder of the Company with
respect to Restricted Shares during the Restricted Period. In the Administrator’s discretion and as provided in the applicable
Award Agreement, a Participant may be entitled to dividends or dividend equivalents on an Award of Restricted Shares, which will
be payable in accordance with the terms of such grant as determined by the Administrator. Certificates for unrestricted Ordinary
Shares may, in the Company’s sole discretion, be delivered to the Participant only after the Restricted Period has expired
without forfeiture in respect of such Restricted Shares, except as the Administrator, in its sole discretion, shall otherwise
determine. The Restricted Shares shall be subject to forfeiture to the extent provided in the applicable Award Agreement and to
the extent such Shares are forfeited, the share certificates shall be returned to the Company, and all rights of the Participant
to such Shares and as a shareholder with respect to such Shares shall terminate without further obligation on the part of the
Company.

 

(iii)
The rights of Participants granted Restricted Shares upon termination of employment or service as a non-employee Director or Consultant
of the Company or an Affiliate thereof terminates for any reason during the Restricted Period shall be set forth in the Award
Agreement.

 

(d)
Change in Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Restricted
Shares shall be subject to Section 12 of the Plan.

 

Section
10. Restricted Share Units.

 

(a)
General. Restricted Share Units may be issued either alone or in addition to other Awards granted under the Plan. The Administrator
shall determine the Eligible Recipients to whom, and the time or times at which, grants of Restricted Share Units shall be made;
the number of Restricted Share Units to be awarded; the Restricted Period, if any, applicable to Restricted Share Units; the Performance
Goals (if any) applicable to Restricted Share Units; and all other conditions of the Restricted Share Units. If the restrictions,
Performance Goals and/or conditions established by the Administrator are not attained, a Participant shall forfeit his or her
Restricted Share Units in accordance with the terms of the grant. The provisions of Restricted Share Units need not be the same
with respect to each Participant.

 

(b)
Award Agreement. The prospective recipient of Restricted Share Units shall not have any rights with respect to any such
Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement,
executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other period
as the Administrator may specify) after the award date. No Ordinary Shares shall be issued at the time a Restricted Share Unit
is granted, and the Company will not be required to set aside a fund for the payment of any such Award.

 

    	 

    	 

    

 

(c)
Restrictions and Conditions. The Restricted Share Units granted pursuant to this Section 10 shall be subject to the following
restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant
or thereafter:

 

(i)
The Administrator may, in its sole discretion, provide for the lapse of restrictions in installments and may accelerate or waive
such restrictions in whole or in part based on such factors and such circumstances as the Administrator may determine, in its
sole discretion, including, but not limited to, the attainment of certain Performance Goals, the Participant’s termination
of employment or service as a non-employee Director or Consultant of the Company or an Affiliate thereof, or the Participant’s
death or Disability.

 

(ii)
Participants holding Restricted Share Units shall have no voting rights. A Restricted Share Unit may, at the Administrator’s
discretion, carry with it a right to dividend equivalents. Such right would entitle the holder to be credited with an amount equal
to all cash dividends paid on one Share while the Restricted Share Unit is outstanding. The Administrator, in its discretion,
may grant dividend equivalents from the date of grant or only after a Restricted Share Unit is vested.

 

(iii)
The rights of Participants granted Restricted Share Units upon termination of employment or service as a non-employee Director
or Consultant of the Company or an Affiliate thereof terminates for any reason during the Restricted Period shall be set forth
in the Award Agreement.

 

(d)
Settlement of Restricted Share Units. Settlement of vested Restricted Share Units shall be made to Participants in the
form of Shares, unless the Administrator, in its sole discretion, provides for the payment of the Restricted Share Units in cash
(or partly in cash and partly in Shares) equal to the Fair Market Value of the Shares that would otherwise be distributed to the
Participant.

 

(e)
Rights as Shareholder. Except as provided in the Award Agreement in accordance with Section 10(c)(ii), a Participant
shall have no rights to dividends or any other rights of a shareholder with respect to the Shares subject to Restricted Share
Units until the Participant has satisfied all conditions of the Award Agreement and the requirements of Section 15 of the Plan
and the Shares have been issued to the Participant.

 

(f)
Change in Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Restricted
Share Units shall be subject to Section 12 of the Plan.

 

Section
11. Other Share-Based or Cash-Based Awards.

 

(a)
The Administrator is authorized to grant Awards to Participants in the form of Other Share-Based Awards or Other Cash-Based Awards,
as deemed by the Administrator to be consistent with the purposes of the Plan and as evidenced by an Award Agreement. The Administrator
shall determine the terms and conditions of such Awards, consistent with the terms of the Plan, at the date of grant or thereafter,
including any Performance Goals and performance periods. Ordinary Shares or other securities or property delivered pursuant to
an Award in the nature of a purchase right granted under this Section 11 shall be purchased for such consideration, paid for at
such times, by such methods, and in such forms, including, without limitation, Shares, other Awards, notes or other property,
as the Administrator shall determine, subject to any required corporate action.

 

(b)
The prospective recipient of an Other Share-Based Award or Other Cash-Based Award shall not have any rights with respect to such
Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement,
executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other period
as the Administrator may specify) after the award date.

 

(c)
Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Other Share-Based Awards and Other
Cash-Based Awards shall be subject to Section 12 of the Plan.

 

    	 

    	 

    

 

Section
12. Change in Control.

 

The
Administrator may provide in the applicable Award Agreement that an Award will vest on an accelerated basis upon the Participant’s
termination of employment or service by the Company Group without Cause within the twenty-four (24) month period following a Change
in Control or upon the occurrence of any other event that the Administrator may set forth in the Award Agreement. If the Company
is a party to an agreement that is reasonably likely to result in a Change in Control, such agreement may provide for: (i)
the continuation of any Award by the Company, if the Company is the surviving corporation; (ii) the assumption of any Award
by the surviving corporation or its parent or subsidiary; (iii) the substitution by the surviving corporation or its parent
or subsidiary of equivalent awards for any Award; or (iv) settlement of any Award for the Change in Control Price (less,
to the extent applicable, the per share exercise or grant price), or, if the per share exercise or grant price equals or exceeds
the Change in Control Price or if the Administrator determines that the Award cannot reasonably become vested pursuant to its
terms, such Award shall terminate and be canceled without consideration. Such settlement or termination shall take place as of
the date of the Change in Control transaction or such other date as the Administrator may specify. To the extent that Restricted
Shares, Restricted Share Units or other Awards settle in Shares in accordance with their terms upon a Change in Control, such
Shares shall be entitled to receive as a result of the Change in Control transaction the same consideration as the Shares held
by shareholders of the Company as a result of the Change in Control transaction. For purposes of this Section 12, “Change
in Control Price” shall mean (A) the price per Ordinary Share paid to shareholders of the Company in the Change in Control
transaction, or (B) the Fair Market Value of a Share upon a Change in Control, as determined by the Administrator. To the extent
that the consideration paid in any such Change in Control transaction consists all or in part of securities or other non-cash
consideration, the value of such securities or other non-cash consideration shall be determined in good faith by the Administrator.

 

Section
13. Amendment and Termination.

 

(a)
The Board or the Committee may amend, alter or terminate the Plan, but no amendment, alteration, or termination shall be made
that would impair the rights of a Participant under any Award theretofore granted without such Participant’s consent. For
the avoidance of doubt, to the extent required by the applicable rules of Nasdaq or any other securities exchange on which the
Shares may be listed, no such amendment shall be effective without shareholder approval.

 

(b)
Notwithstanding the foregoing, approval of the Company’s shareholders shall be obtained to increase the aggregate Share
limit and annual Award limits described in Section 4.

 

(c)
Subject to the terms and conditions of the Plan, the Administrator may modify, extend or renew outstanding Awards under the Plan,
or accept the surrender of outstanding Awards (to the extent not already exercised) and grant new Awards in substitution of them
(to the extent not already exercised).

 

(d)
Notwithstanding the foregoing, no alteration, modification or termination of an Award will, without the prior written consent
of the Participant, adversely alter or impair any rights or obligations under any Award already granted under the Plan.

 

Section
14. Unfunded Status of Plan.

 

The
Plan is intended to constitute an “unfunded” plan for incentive compensation. Neither the Company, the Board nor the
Administrator shall be required to establish any special or separate fund or to segregate any assets to assure the performance
of its obligations under the Plan. With respect to any payments not yet made or Shares not yet transferred or issued to a Participant
by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor
of the Company.

 

Section
15. Withholding Taxes.

 

Each
Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of such
Participant for income tax purposes, pay to the Company, or make arrangements satisfactory to the Administrator regarding payment
of, any taxes of any kind, domestic or foreign, required by law or regulation to be withheld with respect to the Award. The obligations
of the Company under the Plan shall be conditional on the making of such payments or arrangements, and the Company shall, to the
extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to such Participant.
Whenever cash is to be paid pursuant to an Award granted hereunder, the Company shall have the right to deduct therefrom an amount
sufficient to satisfy any withholding tax requirements related thereto. Whenever Shares are to be delivered pursuant to an Award,
the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy any
related taxes, domestic or foreign, to be withheld and applied to the tax obligations. With the approval of the Administrator,
a Participant may satisfy the foregoing requirement by electing to have the Company withhold from delivery of Shares or by delivering
already owned unrestricted Ordinary Shares, in each case, having a value equal to the amount required to be withheld or such other
greater amount up to the maximum statutory rate under applicable law, as applicable to such Participant, if such other greater
amount would not result in adverse financial accounting treatment, as determined by the Administrator. Such Shares shall be valued
at their Fair Market Value on the date of which the amount of tax to be withheld is determined. Such an election may be made with
respect to all or any portion of the Shares to be delivered pursuant to an Award. The Company may also use any other method of
obtaining the necessary payment or proceeds, as permitted by law, to satisfy its withholding obligation with respect to any Option
or other Award.

 

    	 

    	 

    

 

Section
16. Transfer of Awards.

 

No
purported sale, assignment, mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or
other) or other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to
do any of the foregoing (each, a “Transfer”) by any holder thereof in violation of the provisions of the Plan
or an Award Agreement will be valid, except with the prior written consent of the Administrator, which consent may be granted
or withheld in the sole discretion of the Administrator (provided that such transfer shall comply with applicable law, including
without limitation, the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the laws of Hong Kong). Any
purported Transfer of an Award or any economic benefit or interest therein in violation of the Plan or an Award Agreement shall
be null and void ab initio, and shall not create any obligation or liability of the Company, and any person purportedly
acquiring any Award or any economic benefit or interest therein transferred in violation of the Plan or an Award Agreement shall
not be entitled to be recognized as a holder of such Shares. Unless otherwise determined by the Administrator in accordance with
the provisions of the immediately preceding sentence, an Option may be exercised, during the lifetime of the Participant, only
by the Participant or, during any period during which the Participant is under a legal disability, by the Participant’s
guardian or legal representative.

 

Section
17. Continued Employment.

 

The
adoption of the Plan shall not confer upon any Eligible Recipient any right to continued employment or service with the Company
or an Affiliate thereof, as the case may be, nor shall it interfere in any way with the right of the Company or an Affiliate thereof
to terminate the employment or service of any of its Eligible Recipients at any time.

 

Section
18. Effective Date and Approval Date.

 

The
Plan will be effective as of the date on which the Plan is approved by the Board (the “Effective Date”). The
Plan will be unlimited in duration and, in the event of Plan termination, will remain in effect as long as any Shares awarded
under it are outstanding and not fully vested; provided, however, that no Awards will be made under the Plan on or after
the tenth anniversary or fifth anniversary of the Effective Date, as applicable in accordance with applicable law.

 

Section
19. Compensation Recovery Policy.

 

The
Plan and all Awards issued hereunder shall be subject to any compensation recovery and/or recoupment policy adopted by the Company
to comply with applicable law, including, without limitation, the United States Dodd-Frank Wall Street Reform and Consumer Protection
Act, or to comport with good corporate governance practices, as such policies may be amended from time to time.

 

Section
20. Governing Law.

 

The
Plan shall be governed by and construed in accordance with the laws of the Republic of Singapore, without giving effect to principles
of conflicts of law of the Republic of Singapore.

 

Section
21. Plan Document Controls.

 

The
Plan and each Award Agreement constitute the entire agreement with respect to the subject matter hereof and thereof; provided
that in the event of any inconsistency between the Plan and such Award Agreement, the terms and conditions of the Plan shall
control.

 

Section
22. No Fractional Shares.

 

No
fractional Ordinary Shares shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether cash,
additional Awards or other securities or property shall be issued or paid in lieu of fractional Ordinary Shares or whether any
fractional shares should be rounded, forfeited or otherwise eliminated.

 

    	 

    	 

    

 

Section
23. Securities Law Compliance.

 

Each
Award Agreement shall provide that no Ordinary Shares shall be purchased or sold thereunder unless and until (a) any then applicable
laws have been fully complied with to the satisfaction of the Company and its counsel; and (b) if required to do so by the Company,
the Participant has executed and delivered to the Company a letter of investment intent in such form and containing such provisions
as the Committee may require. The Company shall use reasonable efforts to seek to obtain from each regulatory commission or agency
having jurisdiction over the Plan such authority as may be required to grant Awards and to issue and sell Ordinary Shares upon
exercise of the Awards, provided that this undertaking shall not require the Company to register the Ordinary Shares, the Plan
or any Award under the United States Securities Act of 1933 (as amended) with the United States Securities and Exchange Commission
or with any state securities commission or stock/share exchange or under any other applicable laws, including without limitation,
the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the laws of Hong Kong). If, after reasonable
efforts, the Company is unable to obtain from any such regulatory commission or agency the authority which counsel for the Company
deems necessary for the lawful issuance and sale of Ordinary Shares under the Plan, the Company shall be relieved from any liability
for failure to issue and sell Ordinary Shares upon exercise of such Awards unless and until such authority is obtained.

 

Section
24. Severability.

 

If
any of the provisions of the Plan or any Award Agreement is held to be invalid, illegal or unenforceable, whether in whole or
in part, such provision shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability
and the remaining provisions shall not be affected thereby.Exhibit 10.10

 

OPTION
AGREEMENT

 

This
Option Agreement (“Agreement”) is made as of [*], by and between Diginex Limited, a Singapore public company
(the “Company”), and [*] (the “Option Holder”).

 

WHEREAS,
the Company wishes to grant the Option Holder an option for ordinary shares in the Company,
on the terms set out in this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

	1.	Definitions
    and Interpretation.
	 	 
	1.1	In
    this Agreement unless the context requires otherwise:

 

“Business
Day” means a day (other than a Saturday, Sunday or gazetted public holiday) on which commercial banks are open for business
in Singapore;

 

“Cause”
means, with respect to the Option Holder, (i) conviction of a felony or crime of moral turpitude, (ii) gross negligence or wilful
misconduct in the performance of the Option Holder’s duties for the Company that results in material financial harm to the
Company, (iii) engaging in sexual harassment, as determined by the Company after reviewing the supporting evidence or (iv) material
breach of a material written policy maintained by the Company;

 

“Continued
Service” means (i) with respect to an Option Holder who is an employee, that the Option Holder has not resigned his
or her employment with the Company and its affiliates and has not been terminated for Cause, and (ii) with respect to an Option
Holder who is an independent contractor, that the contractual relationship that gave rise to the issuance of the Options has not
been terminated;

 

“Grant
Date” means the date of this Agreement;

 

“Options”
means the [*] options constituted by this Agreement;

 

“Option
Shares” means [*] Ordinary Shares in the capital of the Company [as may be adjusted
in accordance with the terms of this Agreement];

 

“Ordinary
Shares” means ordinary shares issued in the capital of the Company; and

 

“Shareholding
Percentage” means the total number of Option Shares held or deemed to be held by the Option Holder on an as-converted
basis at that time expressed as a percentage of the total number of Ordinary Shares held or deemed to be held by all members of
the Company as at that time on an as-converted basis.

 

	1.2	A
    statutory provision shall include that provision and any regulations made in pursuance thereof as from time to time modified,
    re-enacted or consolidated, whether before or after the date of this Agreement and shall include also any past statutory provision
    or regulation (as from time to time modified, re-enacted or consolidated) which such provision or regulation has directly
    or indirectly replaced (except to the extent that any such statutory provision or regulation made, modified, re-enacted or
    consolidated after the date of this Agreement would create or increase any liability of any party under this Agreement).
	 	 
	1.3	Unless
    the context otherwise requires, words importing the singular shall include the plural and vice versa and words importing
    a specific gender shall include the other genders (male, female or neuter). The use of the words “include”, “includes”
    or “including” followed by one or more examples is intended to be illustrative and shall not be construed restrictively
    to limit the scope or extent of the description or term in respect of which the examples are provided, and shall bear the
    same meaning as the words “include without limitation”, “includes without limitation” or “including
    without limitation” respectively.

 

    	1

    	 

    

 

	1.4	The
    headings in this Agreement are inserted for convenience only and shall not affect the construction of this Agreement.
	 	 
	1.5	Any
    action or obligation to be done under this Agreement which is required or falls to be done on a stipulated day shall be done
    on the next succeeding Business Day, if the day upon which that action or obligation is required or falls to be done falls
    on a day which is not a Business Day.
	 	 
	2.	Grant
    of Options
	 	 
	The
    Company grants to the Option Holder [*] Options, which is a right to acquire the Option Shares at nil consideration, on the
    terms set out in this Agreement.
	 	 
	3.	Automatic
    Conversion
	 	 
	3.1	Each
    Option shall automatically be converted one Ordinary Share in the capital of the Company credited as fully paid up, in the
    following manner:

 

	 	(a)	one-third
    of the Options on the date that is 15 months from the Grant Date;
	 	(b)	one-third
    of the Options on the date that is 18 months from the Grant Date; and
	 	(c)	the
    balance one-third of the Options on the date that is 21 months from the Grant Date,

 

in
each case, subject to the Option Holder’s Continued Service as of each applicable date except where the Participant ceases
employment or service due to, or for reasons of, death, disability, serious physical incapacity or retirement at the age of 65,
and rounded down to the nearest whole number of Ordinary Shares.

 

	3.2	In
    the event of each conversion pursuant to Clause 3.1:

 

	 	(a)	each
    Option Holder shall be sent written notice of such conversion. Upon receipt of such notice, each Option Holder shall provide
    the Company with such documents or information as may be required by the Company to register such Option Holder as a holder
    of the relevant Option Shares prior to time of conversion; and
	 	(b)	all
    rights with respect to the Options converted (other than as a holder of Ordinary Shares in the Company) will terminate at
    the time of the conversion.

 

	3.3	The
    Company shall, as soon as practicable thereafter, issue and deliver to the Option Holder, the number of Option Shares to which
    such holder shall be entitled as aforesaid. Such conversion shall be deemed to have been made immediately prior to the close
    of business on the date of conversion as set out in Clause 3.1, and the Company shall issue, or cause to be issued, to the
    holder of such Option Shares a certificate or certificates representing (or at the option of the holder, deliver electronically
    through the facilities of the Depository Trust Corporation) the number of full Ordinary Shares to which he, she or it is entitled,
    registered in such name or names as may be directed by him, her or it.
	 	 
	3.4	The
    Company shall pay all costs and expenses attributable to the issuance or delivery of Option Shares upon conversion of any
    of the Options.
	 	 
	3.5	No
    fractional shares shall be issued upon the conversion of any Option and the number of Option Shares shall be rounded down
    to the nearest whole share.
	 	 
	3.6	In
    the event any Option shall be converted pursuant to Clause 3.1, the Option Shares which are issuable upon conversion of the
    Options shall be fully paid up and shall rank pari passu with the existing Ordinary Shares in the Company in all respects.
	 	 
	3.7	Appropriate
    adjustments shall be made from time to time by the board of the Company in the event of any subdivision, consolidation, bonus
    issue or other distributions of shares or combination of shares or rights issue or other change in capital structure of the
    Company, such that the Shareholding Percentage of each holder of Options shall remain unchanged following any such event.

 

    	2

    	 

    

 

	3.8	Any
    Options that have not been converted to Ordinary Shares in accordance with Clause 3.1 prior to the termination of the Option
    Holder’s Continued Service shall be forfeited and shall automatically lapse as of the date of such termination. In the
    event that any of the Options issued under this Agreement are forfeited in connection with the termination of the Option Holder’s
    Continued Service pursuant to the foregoing sentence, the Company may re-allocate and re-issue such forfeited Options to other
    employees of the Company.
	 	 
	3.9	The
    Options (and any right arising under it) may not:

 

	 	(a)	be
    sold, transferred or assigned; or
	 	(b)	have
    any charge or other security interest created over it,

 

in
accordance with the following schedule: (i) one-third of the Options on the date that is
15 months from the Grant Date; (ii) one-third of the Options on the date that is 18 months from the Grant Date; and (iii) the
balance one-third of the Options on the date that is 21 months from the Grant Date. The
Options shall lapse if the Option Holder attempts to do any of those things. Transmission of the Options to the Option Holder’s
personal representatives on death will not cause the Options to lapse.

 

	4.	Other
    Provisions relating to Rights of Option Holders.
	 	 
	4.1	No
    Rights as Shareholder. An Option does not entitle the Option Holder thereof to any of the rights of a shareholder of the
    Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights
    to vote or to consent or to receive notice as shareholders in respect of the meetings of shareholders or the election of directors
    of the Company or any other matter.
	 	 
	4.2	Registration
    of Ordinary Shares. Neither the Options nor the Option Shares may be resold, transferred, pledged or otherwise disposed
    of by the Option Holder absent an effective registration statement under the Securities Act of 1933, as amended (the “Act”),
    except (i) to the Company or a subsidiary thereof, or (ii) pursuant to an applicable exemption from the registration requirements
    of the Act, and, in each of cases (i) and (ii), in accordance with any applicable securities laws of the United States.
	 	 
	5.	Tax
    Provisions.
	 	 
	5.1	If
    the Company, in its discretion, determines that it is obligated to withhold any tax in connection with the conversion of the
    Options, the Option Holder must make arrangements satisfactory to the Company to pay or provide for any applicable foreign,
    federal, state and local withholding obligations of the Company. Notwithstanding any action the Company takes with respect
    to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”),
    the ultimate liability for all Tax-Related Items is and remains the Option Holder’s responsibility and the Company (a)
    makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant or conversion
    of the Options or the subsequent sale of any Option Shares acquired on conversion; and (b) does not commit to structure the
    Options to reduce or eliminate the Option Holder’s liability for Tax-Related Items. For the avoidance of doubt, the
    Company shall not be obligated to pay any transfer taxes in respect of the Options or such Option Shares.
	 	 
	5.2	If
    the Option Holder does not fulfil the obligations under Clause 5.1 relating to the conversion of the Options within 5 Business
    Days after the date of conversion, the Company shall be entitled to withhold and sell
    any number of Option Shares which would otherwise be delivered to the Option Holder and retain an amount equal to the tax
    liability (if the Company is to account for or pay the relevant tax liability) and pay any balance to the Option Holder.
	 	 
	5.3	The
    Option Holder hereby appoints the Company (acting by any of its directors from time to time) as his/her attorney to sell such
    Option Shares as specified in Clause 5.2 and deal with the proceeds of that sale in accordance with Clause 5.2. The
    power of attorney set out herein shall be irrevocable, save with the consent of the Company, and is given by way of security
    to secure the interest of the Company as a person liable to account for or pay any relevant tax liability.

 

    	3

    	 

    

 

	6.	Miscellaneous
    Provisions.
	 	 
	6.1	Successors.
    All the covenants and provisions of this Agreement by or for the benefit of the Parties hereto shall bind and inure to the
    benefit of their respective successors and assigns.
	 	 
	6.2	Notices.
    Any notice, statement or demand authorized by this Agreement to be given or made by the Option Holder to or on the Company
    shall be delivered by hand or sent by registered or certified mail or overnight courier service, addressed (until another
    address is notified in writing by the Company) as follows:

 

Diginex
Limited

35/F
Two International Financial Center

8
Finance Street

Central,
Hong Kong

Attn:
Paul Ewing

 

with
a copy (which shall not constitute notice) to:

 

Loeb
& Loeb LLP

345
Park Avenue

New
York, New York 10154

Attn:
Giovanni Caruso

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the Company to or on the Option Holder shall be
delivered by hand or sent by registered or certified mail or overnight courier service, addressed (until another address is notified
in writing by the Option Holder with the Company), as follows:

 

[Insert
address]

Attn:
[Insert name]

 

Any
notice, sent pursuant to this Agreement shall be effective, if delivered by hand, upon receipt thereof by the party to whom it
is addressed, if sent by overnight courier, on the next business day of the delivery to the courier, and if sent by registered
or certified mail on the third day after registration or certification thereof.

 

	6.3	Applicable
    Law. This Agreement and the relationship between the parties hereunder will be governed by, and construed in accordance
    with, the laws of Singapore without having regard to the conflict of laws provisions thereunder.
	 	 
	6.4	Counterparts.
    Any party may enter into this Agreement by signing such counterpart. Any such counterpart, to the extent delivered by means
    of a facsimile machine or by .pdf, .tif, .gif, .jpeg or other graphics format attached to electronic mail (any such delivery,
    an “Electronic Delivery”) shall be treated in all manners and respects as an original executed counterpart
    and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered
    in person. No party shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement
    or instrument was transmitted or communicated through the use of Electronic Delivery as a defence to the formation of a contract,
    and each such party forever waives any such defence, except to the extent that such defence relates to lack of authenticity.
	 	 
	6.5	Contracts
    (Rights of Third Parties) Act. No person other than the Company (or its subsidiaries) or an Option Holder shall have any
    right to enforce any provision of this Agreement by virtue of the Contracts (Rights of Third Parties) Act (Cap. 53B of Singapore).
	 	 
	6.6	Severance.
    Each and every obligation under this Agreement shall be treated as a separate obligation and shall be severally enforceable
    as such. In the event of any obligation or obligations being or becoming unenforceable in whole or in part, such part or parts
    as are unenforceable shall be deleted from this Agreement and any such deletion shall not affect the enforceability of all
    such parts of this Agreement as remain not so deleted.

 

    	4

    	 

    

 

	6.7	Entire
    Agreement. The written terms and conditions of this Agreement (including documents entered into pursuant to this Agreement),
    constitute the entire agreement and understanding between the parties relating to the subject matter of this Agreement and
    supercede any previous written or oral agreement between the parties in relation to matters contained in this Agreement. No
    party has entered into this Agreement in reliance upon any representation, warranty or undertaking of the other party which
    is not set out or referred to in this Agreement. Nothing in this provision shall however operate to limit or exclude liability
    for fraud.
	 	 
	6.8	Amendments.
    No amendment or variation of this Agreement shall be effective unless in writing and signed by the Company and the Option
    Holder. Unless expressly agreed, no amendment or variation shall constitute a general waiver of any provisions of this Agreement,
    nor shall it affect any rights, obligations or liabilities under or pursuant to this Agreement which have already accrued
    up to the date of such amendment or variation, and the rights and obligations of the parties under or pursuant to this Agreement
    shall remain in full force and effect, except and only to the extent that they are so varied.

 

    	5

    	 

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

	 	 	 
	 	DIGINEX
    LIMITED
	 	 
	 	By:	                                                      
	 	Name: 	
	 	Title: 	
	 
	 	[OPTION
    HOLDER]
	 	 
	 	By:	 
	 	Name: 	
	 	Title: 	

 

    	6

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