Document:

Portland General Electric Company 2007 Employee Stock Purchase Plan

 Exhibit 4.3 
 PORTLAND GENERAL ELECTRIC COMPANY 
 2007 EMPLOYEE STOCK PURCHASE PLAN 
 As amended and restated February 19, 2009 

 Portland General Electric Company 
 2007 Employee Stock Purchase Plan 
 1. Purpose of the Plan. The purpose
of the Portland General Electric Company 2007 Employee Stock Purchase Plan (the “Plan”) is to provide a convenient means by which employees of Portland General Electric Company (the “Company”) and Participating Subsidiaries (as
defined in paragraph 4) may purchase shares of the Company’s Common Stock (“Common Stock”) through payroll deductions and a method by which the Company may assist and encourage such employees to become owners of Common Stock. The Plan
is intended to qualify as an “employee stock purchase plan” within the meaning of Section 423(b) of the Internal Revenue Code of 1986, as amended (the “Code”), and shall be interpreted consistently therewith. 
 2. Shares Reserved for the Plan. There are 625,000 shares of authorized Common Stock reserved for purposes of the Plan. The number of shares
reserved for the Plan and other share amounts set forth in the Plan shall be adjusted appropriately by the Board of Directors of the Company (the “Board of Directors”) in the event of any stock dividend, stock split, combination of shares,
recapitalization or other change in the outstanding Common Stock. 
 3. Administration of the Plan. The Plan shall be administered by
or under the direction of the Compensation and Human Resources Committee of the Board of Directors (the “Committee”), which may delegate some or all of its duties and authority to one or more Company employees. The Committee may promulgate
rules and regulations for the operation of the Plan, adopt forms for use in connection with the Plan, and decide any question of interpretation of the Plan or rights arising thereunder. The Committee may consult with counsel for the Company on any
matter arising under the Plan and may retain, at the Company’s expense, such independent counsel or other consultants or advisers as it deems advisable in carrying out its duties under the Plan. All determinations and decisions of the Committee
shall be conclusive. 
 4. Eligible Employees. All Eligible Employees (as defined below) of the Company and all Eligible Employees of
each of the Company’s subsidiary entities which is designated by the Committee as a participant in the Plan (such participating subsidiary being hereinafter called a “Participating Subsidiary”) are eligible to participate in the Plan.
An “Eligible Employee” is an employee of the Company or a Participating Subsidiary excluding, however, (a) any employee whose customary employment is less than 20 hours per week, and (b) any employee who would, after a purchase
of shares under the Plan, own or be deemed (under Section 424(d) of the Internal Revenue Code of 1986, as amended (the “Code”) to own stock (including stock subject to any outstanding options held by the employee) possessing 5 percent
or more of the total combined voting power or value of all classes of stock of the Company or any parent or subsidiary of the Company. 
 5.
Offerings. The Plan shall be implemented by a series of six-month offerings (“Offerings”), with a new Offering commencing on January 1 and July 1 of each year beginning with July 1, 2007. Each Offering commencing on
January 1 of any year shall end on June 30 of that year, and each Offering commencing on July 1 of any year shall end on December 31 of that year. The first trading day of each Offering is the “Offering Date” and the
last trading day of each Offering is the “Purchase Date” for the Offering. Commencing on each Offering Date, 

  

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each Eligible Employee shall have the right under the Plan to purchase shares of Common Stock on the Purchase Date for the price determined under
paragraph 7 exclusively through payroll deductions authorized under paragraph 6; provided, however, that (a) no right shall permit the purchase of more than 1,500 shares, and (b) no right may be granted under the Plan that would
allow an employee’s right to purchase shares under all stock purchase plans of the Company and its parents and subsidiaries to which Section 423 of the Code applies to accrue at a rate that exceeds $25,000 of fair market value of shares
(determined at the date of grant) for each calendar year in which such right is outstanding. 
 6. Participation in the Plan.

 (a) Initiating Participation. An Eligible Employee may participate in an Offering under the Plan by submitting to
the Company or its agent a subscription and payroll deduction authorization in the form specified by the Company. The subscription and payroll deduction authorization must be submitted no later than the “Subscription Deadline,” which shall
be a number of days prior to the Offering Date with the exact number of days being established from time to time by the Committee by written notice to Eligible Employees. Once submitted, a subscription and payroll deduction authorization shall
remain in effect for subsequent Offerings unless amended or terminated and upon the expiration of an Offering the participants in that Offering will be automatically enrolled in the new Offering starting the following day. The payroll deduction
authorization will authorize the employing entity to make payroll deductions in an amount designated by the participant from each of the participant’s paychecks during an Offering the participant is participating in. The designated amount to be
deducted from each paycheck must be a whole percentage of not less than one percent or more than 10 percent of the participant’s Compensation (as defined in paragraph 6(b)) for the period covered by the paycheck. If payroll deductions are made
by a Participating Subsidiary, that entity will promptly remit the amount of the deductions to the Company. 
 (b)
Definition of Compensation. “Compensation” means all regular straight time gross earnings and shall not include overtime, shift premiums, payments for incentive compensation, incentive payments, bonuses, commissions, third party
short-term disability, or other compensation. 
 (c) Amending Participation. After a participant has begun
participating in the Plan by initiating payroll deductions, the participant may amend the payroll deduction authorization (i) once during any Offering to decrease the amount of payroll deductions, and (ii) effective for the first paycheck
of a new Offering to either increase or decrease the amount of payroll deductions. A request for a decrease in payroll deductions during an Offering must be submitted to the Company in the form specified by the Company no later than the Change
Deadline (as defined in paragraph 6(d)) for that Offering, and shall be effective for any paycheck only if the request is received by the Company by the applicable deadline established from time to time by the Committee by written notice to
participants. A request for an increase or decrease in payroll deductions effective for the first paycheck of a new Offering must be submitted to the Company in the form specified by the Company no later than the Subscription Deadline for the new
Offering. In addition, if the amount of payroll deductions from any participant during an Offering exceeds the maximum amount that can be applied to purchase shares in that Offering under the limitations set forth in paragraph 5(b) above, then
(a) as soon as practicable after the Company becomes aware that the limitation has been exceeded, payroll deductions from the participant shall cease and, following a written request from the participant, all such excess 

  

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amounts shall be returned to the participant, and (b) subject to the restrictions set forth in paragraph 5, payroll deductions from the participant
shall restart as of the commencement of the next Offering at the rate set forth in the participant’s then effective payroll deduction authorization. If no such written request is received, any such excess amounts will be applied as provided in
paragraph 8. 
 (d) Terminating Participation. After a participant has begun participating in the Plan by initiating
payroll deductions, the participant may terminate participation in the Plan by notice to the Company in the form specified by the Company. To be effective to terminate participation in an Offering, a notice of termination must be submitted no later
than the “Change Deadline,” which shall be a number of days prior to the Purchase Date for that Offering with the exact number of days being established from time to time by the Committee by written notice to participants. Participation in
the Plan shall also terminate when a participant ceases to be an Eligible Employee for any reason, including death or retirement. A participant may not reinstate participation in the Plan with respect to a particular Offering after once terminating
participation in the Plan with respect to that Offering. Upon termination of a participant’s participation in the Plan, all amounts deducted from the participant’s Compensation and not previously used to purchase shares under the Plan
shall be returned to the participant. 
 7. Purchase Price. The price at which shares shall be purchased in an Offering shall be 95%
of the fair market value of a share of Common Stock on the Purchase Date of the Offering. The fair market value of a share of Common Stock on any date shall be the closing price of the Common Stock for such date as reported by The New York Stock
Exchange or, if the Common Stock is not reported on The New York Stock Exchange, such other reported value of the Common Stock as shall be specified by the Committee. If the Purchase Date is a day when The New York Stock Exchange is closed, the fair
market value shall be the closing price of the Common Stock as of the close of the last trading day immediately preceding the Purchase Date. 
 8. Purchase of Shares. All amounts withheld from the pay of a participant shall be credited to his or her account under the Plan by the Custodian appointed under paragraph 9. No interest will be paid on such accounts, unless
otherwise determined by the Board of Directors. On each Purchase Date, the amount of the account of each participant will be applied to the purchase of whole shares by such participant from the Company at the price determined under paragraph 7.
Any excess cash balance remaining in a participant’s account after a Purchase Date as a result of the limitations set forth in paragraph 5(b) or due to the rounding down of fractional shares will be retained by the Custodian and applied to
purchases in the next Offering unless the participant has terminated participation in the Plan or by written notice requests that the funds be refunded to the participant. 
 9. Delivery and Custody of Shares. Shares purchased by participants pursuant to the Plan will be delivered to and held in the custody of such
investment or financial firm (the “Custodian”) as shall be appointed by the Committee. The Custodian may hold in nominee or street name certificates for shares purchased pursuant to the Plan, and may commingle shares in its custody
pursuant to the Plan in a single account without identification as to individual participants. By appropriate instructions to the Custodian on forms to be provided for that purpose, a participant may from time to time obtain
(a) the transfer into the participant’s own name of all or part of the shares held by the Custodian for the participant’s account and delivery of such shares to the participant; (b) the transfer of all or part of the shares
held for the 

  

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participant’s account by the Custodian to a regular individual brokerage account in the participant’s own name, either with the firm then acting as
Custodian or with another firm; or (c) the sale of all or part of the shares held by the Custodian for the participant’s account at the market price at the time the order is executed and remittance of the net proceeds of sale to the
participant. Upon termination of participation in the Plan, the participant may elect to have the shares held by the Custodian for the account of the participant transferred and delivered in accordance with (a) above, transferred to a brokerage
account in accordance with (b), or sold in accordance with (c). Upon appropriate instructions pursuant to this paragraph 9, share certificates will be issued for whole shares only and any fractional shares allocated to a participant’s account
will be paid in cash. 
 10. Records and Statements. The Custodian will maintain the records of the Plan. As soon as practicable after
each Purchase Date each participant will receive a statement showing the activity of the participant’s account since the preceding Purchase Date and the balance on the Purchase Date as to both cash and shares. Participants will be furnished
such other reports and statements, and at such intervals, as the Committee shall determine from time to time. 
 11. Expense of the
Plan. The Company will pay all expenses incident to operation of the Plan, including costs of record keeping, accounting fees, legal fees, commissions and issue or transfer taxes on purchases pursuant to the Plan and on delivery of shares to a
participant or into his or her brokerage account. The Company will not pay expenses, commissions or taxes incurred in connection with sales of shares by the Custodian at the request of a participant. Expenses to be paid by a participant will be
deducted from the proceeds of sale prior to remittance. 
 12. Rights Not Transferable. The right to purchase shares under this Plan
is not transferable by a participant, and such right is exercisable during the participant’s lifetime only by the participant. Upon the death of a participant, any shares held by the Custodian for the participant’s account shall be
transferred in the following order of priority: 
 (a) To the beneficiary or beneficiaries designated by the participant in
writing to the Company. 
 (b) To the persons identified by the participant as the beneficiary or beneficiaries of life
insurance proceeds under the group term life insurance policy maintained by the Company. 
 (c) To the persons entitled
thereto under the laws of the state of domicile of the participant upon a proper showing of authority. 
 13. Dividends and Other
Distributions; Reinvestment. Stock dividends and other stock distributions, if any, on shares held by the Custodian shall be issued to the Custodian and held by it for the account of the respective participants entitled thereto. Cash
distributions other than dividends, if any, on shares held by the Custodian will be paid currently to the participants entitled thereto. Cash dividends, if any, on shares held by the Custodian will be reinvested in Common Stock on behalf of the
participants entitled thereto, unless a participant elects to receive the dividends in cash in accordance with procedures implemented under the Plan. The Custodian shall establish a separate account for each participant for the purpose of holding
shares acquired 

  

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through reinvestment of the participant’s dividends. On each dividend payment date, the Custodian shall receive from the Company the aggregate amount of
dividends payable with respect to all shares held by the Custodian for participants’ accounts under the Plan. As soon as practicable thereafter, the Custodian shall distribute the applicable cash dividends to the participants who have elected
to receive dividends in cash and use all remaining funds so received to purchase shares of Common Stock in the public market, and shall then allocate such shares (including fractional shares) among the dividend reinvestment accounts of the
participants (who have not elected to receive dividends in cash) pro rata based on the amount of dividends reinvested for each such participant. A participant may sell or transfer shares in the participant’s dividend reinvestment account in
accordance with paragraph 9 above. 
 14. Voting and Shareholder Communications. In connection with voting on any matter submitted to
the shareholders of the Company, the Custodian will cause the shares held by the Custodian for each participant’s accounts to be voted in accordance with instructions from the participant or, if requested by a participant, furnish to each
participant a proxy authorizing the participant to vote the shares held by the custodian for the participant’s account. Copies of all general communications to shareholders of the Company will be sent to participants in the Plan. 
 15. Tax Withholding. Each participant who has purchased shares under the Plan shall immediately upon notification of the amount due, if any,
pay to the Company in cash amounts necessary to satisfy any applicable federal, state and local tax withholding determined by the Company to be required. If the Company determines that additional withholding is required beyond any amount
deposited at the time of purchase, the participant shall pay such amount to the Company on demand. If the participant fails to pay the amount demanded, the Company may withhold that amount from other amounts payable by the Company to the
participant, including salary, subject to applicable law. 
 16. Responsibility and Indemnity. Neither the Company, the Board of
Directors, the Committee, the Custodian, any Participating Subsidiary, nor any member, officer, agent, or employee of any of them, shall be liable to any participant under the Plan for any mistake of judgment or for any omission or wrongful act
unless resulting from gross negligence, willful misconduct or intentional misfeasance. The Company will indemnify and save harmless the Board of Directors, the Committee, the Custodian and any such member, officer, agent or employee against any
claim, loss, liability or expense arising out of the Plan, except such as may result from the gross negligence, willful misconduct or intentional misfeasance of such entity or person. 
 17. Conditions and Approvals. The obligations of the Company under the Plan shall be subject to compliance with all applicable state and federal
laws and regulations, compliance with the rules of any stock exchange on which the Company’s securities may be listed, and approval of such federal and state authorities or agencies as may have jurisdiction over the Plan or the Company. The
Company will use its best effort to comply with such laws, regulations and rules and to obtain such approvals. 
 18. No Employment
Rights. Nothing in the Plan or any action taken pursuant to the Plan shall confer upon any employee any right to be continued in the employment of the Company or any Participating Subsidiary or interfere in any way with the right of the Company
or any Participating Subsidiary to terminate the employee’s employment at will at any time, for any reason, with or without cause, or to decrease the employee’s compensation or benefits. 
  

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 19. No Rights as a Shareholder. A participant in the Plan shall have no rights as a shareholder
with respect to any shares of Common Stock issuable under the Plan until the shares have been purchased under the Plan and allocated to the participant’s account under the Plan. 
 20. Amendment of the Plan. The Board of Directors may from time to time amend the Plan in any and all respects, except that without the approval
of the shareholders of the Company, the Board of Directors may not increase the number of shares reserved for the Plan (except for adjustments authorized in paragraph 2 above) or decrease the purchase price of shares offered pursuant to the Plan.

 21. Termination of the Plan. The Plan shall terminate when all of the shares reserved for purposes of the Plan have been purchased,
provided that the Board of Directors in its sole discretion may at any time terminate the Plan without any obligation on account of such termination, except as hereinafter provided in this paragraph. Upon termination of the Plan, the cash and
shares, if any, held in the account of each participant shall forthwith be distributed to the participant or to the participant’s order, provided that if prior to the termination of the Plan, the Board of Directors and shareholders of the
Company shall have adopted and approved a substantially similar plan, the Board of Directors may in its discretion determine that the account of each participant under this Plan shall be carried forward and continued as the account of such
participant under such other plan, subject to the right of any participant to request distribution of the cash and shares, if any, held for his or her account. 
 22. Action by Board of Directors. Wherever this Plan refers to action by the Board of Directors, such action may be taken by a committee of the Board of Directors, unless prohibited by applicable law.

 23. Effective Date of the Plan. If the shareholders of the Company approve the Plan at the 2007 annual meeting of shareholders, the
Plan shall become effective on the date of such annual meeting, and the first Offering under the Plan shall commence on July 1, 2007. 
 IN WITNESS WHEREOF, the Company has executed the Plan as amended and restated by the Board of Directors on February 19, 2009. 
  

					
	 PORTLAND GENERAL
 ELECTRIC
COMPANY

		
	By	 	/s/ Arleen N. Barnett
		 	Name:	 	Arleen N. Barnett
		 	Title:	 	Vice President, Administration

  

 72008 Share Incentive Plan

 Exhibit 10.1 
 2008 SHARE INCENTIVE PLAN 

 CHANGYOU.COM LIMITED 
 2008 SHARE INCENTIVE PLAN 
  

	1.	Purposes of this Plan 

 This 2008 Share
Incentive Plan (this “Plan”) is intended to provide incentives: (a) to the directors, officers, employees, consultants and advisors of Changyou.com Limited, a Cayman Islands corporation (the “Company”), and any present or
future parents or subsidiaries or variable interest entities (“VIEs”) of the Company by providing them with opportunities to (i) acquire Ordinary Shares of the Company pursuant to options (“Options”) granted hereunder,
(ii) to receive Restricted Share Unit awards (“RSU”), and (iii) to make direct purchases of Ordinary Shares of the Company, subject to vesting (“Restricted Shares”). In addition to Options, RSUs, and Restricted Shares,
other Awards involving Ordinary Shares and other Awards that are valued in whole or in part by reference to, or are otherwise based upon or settled in, Ordinary Shares, including (without limitation) unrestricted Shares, performance units, dividend
equivalents, and convertible debentures, may be granted or sold under this Plan. 
  

	2.	Definitions 

 “Applicable Laws” means laws of the
Company’s jurisdictions of incorporation and operation and requirements relating to the granting or sale of equity incentives and the administration of equity share incentive plans under the laws of any country or other jurisdiction where
Awards are issued or sold under this Plan, and under the rules of any securities exchange on which the applicable class of Ordinary Shares are listed. 
 “Award” means an Option, RSU, Restricted Share, or other share-based award or right granted or sold pursuant to the terms of this Plan. 
 “Award Agreement” means a written or electronic document or agreement setting forth the terms and conditions of a specific Award. 
 “Board” means the Board of Directors of the Company. 
 “Class A Ordinary Share” means a Class A Ordinary Share in the
capital of the Company, having the rights, restrictions, privileges and preferences set forth in the Memorandum and Articles of Association of the Company. 
 “Class B Ordinary Share” means a Class B Ordinary Share in the capital of the Company, having the rights, restrictions, privileges and preferences set forth in the Memorandum and Articles of Association of the Company. 

“Compensation Committee” means the full Board or a Compensation Committee appointed by the Board, which Compensation Committee will be constituted to comply
with Applicable Laws and which will administer this Plan in accordance with Section 4 below. 
 “Company” means Changyou.com Limited, a
company incorporated under the laws of the Cayman Islands. 
 “Consultant” means any person who is engaged by the Company or any Parent or
Subsidiary or VIE to render consulting or advisory services to such entity, but is not an employee of the Company or any Parent or Subsidiary or VIE. 

 “Director” means a member of the Board. 
 “Disability” means any total and permanent disability which prevents a Service Provider from continuing in such capacity. 
 “Employee” means any person employed by the Company or any Parent or Subsidiary or VIE of the Company. A person will not cease to be an Employee solely by virtue of also being a Director of the Company. A Service Provider will not
cease to be an Employee in the case of: 
  

	 	(i)	any leave of absence approved by the Company; or 

  

	 	(ii)	transfers between locations of the Company or between the Company, any Parent, any Subsidiary, any VIE, or any successor to the Company or any Parent, Subsidiary, or VIE.

 “Exchange” means NASDAQ, the New York Stock Exchange or any other internationally recognized stock exchange of similar prestige
and liquidity. 
 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended and in effect on any given date. 
 “Fair Market Value” as of any given date means, unless otherwise defined in an Award Agreement, if the applicable class of Ordinary Shares is listed on an
Exchange, the closing price for the Ordinary Shares on such exchange, or if Shares were not traded on such exchange on such given date, then on the next preceding date on which Shares were traded, all as reported in The Wall Street Journal or such
other resource as the Compensation Committee deems reliable. If the applicable class of Ordinary Shares is listed on an Exchange, in the event that an Award is granted on any given date prior to the time that trading has ended on the applicable
exchange on such date, Fair Market Value may be determined as of the date preceding such grant. If the applicable class of Ordinary Shares is not listed on an Exchange, Fair Market Value shall be determined by the Compensation Committee in its good
faith discretion, using such methods of appraisal and valuation as it deems appropriate, including without limitation the Fair Market Value of any class of Ordinary Shares of the Company, with economic rights comparable to those of the applicable
class, that is listed on an Exchange. 
 “Holder” means the holder of an outstanding Award granted or issued under this Plan. 
 “Memorandum and Articles of Association” means the Amended and Restated Memorandum and Articles of Association of the Company, as amended and effective from
time to time. 
 “Option” means an option granted pursuant to this Plan to purchase Ordinary Shares of the Company. 
 “Ordinary Shares” means collectively the Class A Ordinary Shares and the Class B Ordinary Shares. 
 “Outside Director” means a member of the Board who is not an Employee or Consultant. 
 “Parent” means any entity which holds directly or indirectly more than fifty percent of the voting equity of the Company. 
 “Plan” means this 2008 Share Incentive Plan, as amended from time to time. 

 “Restricted Share” means an Ordinary Share issued subject to forfeiture or repurchase by the Company until
vested. 
 “Restricted Share Unit” or “RSU” means a grant of a hypothetical number of Ordinary Shares, to be settled upon vesting in
either Ordinary Shares or cash, as determined by the Compensation Committee. 
 “Service Provider” means an Employee, Director, or Consultant.

 “Share” means an Ordinary Share. 
 “Subsidiary” means any entity in which the Company holds directly or indirectly more than fifty percent of the voting equity. 
 “Tax
Law” means the relevant tax legislation of an applicable jurisdiction, as amended from time to time and in effect on any given date. 
 “Underlying
Shares” means the Ordinary Shares subject to Options or issuable upon vesting and settlement of RSUs. 
 “U.S. Incentive Stock Options” means
Options intended to qualify as incentive stock options within the meaning of Section 422 of the U.S. Internal Revenue Code. 
 “U.S. Internal
Revenue Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time and in effect on any given date. 
 “U.S. Non-Qualified
Stock Option” means an Option not intended to qualify as a U.S. Incentive Stock Option. 
 Except where otherwise indicated by the
context, the masculine gender will include the feminine gender, and the definition of any term herein in the singular also will include the plural. 
  

	3.	Shares Subject to this Plan 

  

	 	(a)	Number of Shares Available 

 Subject to the
provisions of Section 3(b) and Section 10 of this Plan, the maximum number of Class A Ordinary Shares which may be subject to Awards granted and sold under this Plan is 20,000,000 shares and the maximum number of Class B Ordinary
Shares which may be subject to Awards granted and sold under this Plan is 17,740,000 shares; provided however, that under no circumstances shall the maximum aggregate number of Class A Ordinary Shares and Class B Ordinary Shares which
may be subject to Awards granted and sold under this Plan exceed 20,000,000 Shares. At all times during the term of this Plan and while any Awards are outstanding, the Company will retain as authorized and/or unissued Class A Ordinary Shares
and/or Class B Ordinary Shares, as the case may be, at least the number of Shares from time to time required under the provisions of this Plan, or otherwise assure itself of its ability to perform its obligations hereunder; provided that at
all time during the term of this Plan and while any Awards of Class B Ordinary Shares or with Class B Ordinary Shares as the Underlying Shares are outstanding, the Company shall reserve an equal number of Class A Ordinary Shares for issuance
under the Plan from time to time upon the conversion of such Class B Ordinary Shares pursuant to the provisions of the Company’s Memorandum and Articles of Association. Notwithstanding anything contained herein to the contrary, no Award of
Class B Ordinary Shares or with Class B Ordinary Shares as the Underlying Shares shall be sold or granted under the Plan after the Company’s completion of a firm commitment underwritten initial public offering of its shares resulting in a
listing on an Exchange. 

	 	(b)	Treatment of Expired, Unvested Shares 

  

	 	(i)	If any unvested Class B Ordinary Share subject to an Award is repurchased by the Company pursuant to the provisions of Section 9(b) of this Plan, or if an Award with Class B
Ordinary Shares as the Underlying Shares expires or terminates for any reason or becomes unexercisable without having been exercised for or settled in full in Class B Ordinary Shares, such Class B Ordinary Shares so repurchased or underlying such
expired or terminated Award shall be automatically and immediately converted into an equal number of Class A Ordinary Shares reserved pursuant to Section 3(a) hereof and such Class A Ordinary Shares so converted will become available
for future grant under this Plan. Class B Ordinary Shares that have actually been issued and are no longer subject to vesting under this Plan, plus an equal number of Class A Ordinary Shares reserved pursuant to Section 3(a) hereof for
issuance upon the conversion of such Class B Ordinary Shares, will not be returned to this Plan and will not become available for future distribution under this Plan. 

  

	 	(ii)	If an Award with Class A Ordinary Shares as the Underlying Shares expires or terminates for any reason or becomes unexercisable without having been exercised or settled in full
in Class A Ordinary Shares, the unpurchased Shares that were subject thereto or RSUs which have not been settled will become available for future grant or sale under this Plan. Class A Ordinary Shares that have actually been issued under
this Plan, will not be returned to this Plan and will not become available for future distribution under this Plan, except that if Restricted Shares in the form of Class A Ordinary Shares are repurchased by the Company at their original
purchase price and cancelled, such Shares will become available for future grant under this Plan. 

  

	4.	Administration of this Plan 

  

	 	(a)	Compensation Committee 

 This Plan will be
administered by the Compensation Committee. If the Company has any class of equity security registered under Section 12 of the Exchange Act, and the Company is not a “foreign private issuer” as that term is defined in Rule 3b-4
under the Exchange Act, with the result that the Company’s executive officers and directors become subject to Section 16 of the Exchange Act, this Plan generally will be administered so as to cause transactions in securities issued or to
be issued under this Plan to be afforded the exemptions from Section 16(b) of the Exchange Act provided by Rule 16b-3 under the Exchange Act or any similar successor statute or rules. 
  

	 	(b)	Powers of the Compensation Committee 

 Subject to the provisions of this Plan and, in the case of the Compensation Committee, the specific duties delegated by the Board to the Compensation Committee, and subject to the approval of any relevant authorities, the Compensation
Committee will have the authority in its discretion: 
  

	 	(i)	to determine the Fair Market Value; 

  

	 	(ii)	to select the Service Providers to whom Awards may from time to time be made; 

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

  

	 	(iv)	to approve forms of Award Agreement; 

  

	 	(v)	to determine the terms and conditions of any Award. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Options may be exercised
(which may be based on performance criteria), any vesting acceleration or waiver of restrictions, and any restriction or limitation regarding any Award or Ordinary Shares relating thereto, based in each case on such factors as the Compensation
Committee may determine; provided, that in no event may any Option or comparable Award granted under this Plan be amended, other than pursuant to Section 10, to decrease the exercise price thereof or otherwise be subject to any action that
would be treated, for accounting purposes, as a “repricing” of such Option, unless such amendment, cancellation, or action is approved by the Company’s shareholders; 

  

	 	(vi)	to determine whether and under what circumstances an RSU may be settled in cash instead of Ordinary Shares; 

  

	 	(vii)	to prescribe and amend provisions relating to this Plan, including provisions relating to sub-plans established for the purpose of qualifying for preferred tax treatment under
applicable Tax Law; 

  

	 	(viii)	to allow holders of Options or other Awards to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Option
or other Award that number of Shares having a Fair Market Value equal to the amount required to be withheld. The Fair Market Value of the Shares to be withheld will be determined on the date that the amount of tax to be withheld is to be determined.
All elections by Holders to have Shares withheld for this purpose will be made in such form and under such conditions as the Compensation Committee may deem necessary or advisable; and 

  

	 	(ix)	to construe and interpret the terms of this Plan and Awards granted pursuant to this Plan. 

  

	 	(c)	Effect of Compensation Committee’s Decisions 

 All decisions, determinations and interpretations of the Compensation Committee under this Plan will be final and binding on all recipients and, if applicable, transferees of Awards under this Plan. 
  

	5.	Eligibility 

  

	 	(a)	Service Providers 

 Awards may be granted to
Service Providers; provided, however, that U.S. Incentive Stock Options may be granted only to Employees of the Company, a Parent, a Subsidiary or a VIE and generally will be granted only to persons who are, or are expected to be, subject to tax on
income under the U.S. Internal Revenue Code. 

	 	(b)	No Right to Continued Employment 

 Neither
this Plan nor any Award will confer upon any recipient or other holder of an Award any right with respect to continuing such recipient’s or holder’s relationship as a Service Provider with the Company, nor will it interfere in any way with
his or her right or the Company’s right to terminate such relationship at any time, with or without cause. 
  

	6.	Term of Options and RSUs 

 The term of each
Option or RSU will be stated in the Award Agreement. Notwithstanding the foregoing, with respect to U.S. Incentive Stock Options the term will be no more than ten (10) years from the date of grant thereof and with respect to U.S. Incentive
Stock Options granted to a Holder who, at the time the Option is granted, owns shares representing more than ten percent of the voting power of all classes of shares of the Company or any Parent or Subsidiary or VIE, the term of such U.S. Incentive
Stock Option will be five (5) years from the date of grant thereof or such shorter term as may be provided in the Award Agreement. 
  

	7.	Option Exercise Price, Restricted Share Purchase Price, and Form of Consideration 

  

	 	(a)	Exercise Price of Options and Purchase Price of Restricted Shares 

 The exercise price for Shares to be issued upon exercise of an Option and the purchase price of Restricted Shares will be such price as is determined by the Compensation Committee, provided that with respect to
a U.S. Incentive Stock Option, the exercise price for Shares to be issued upon exercise of such option will not be less than the Fair Market Value on the date of grant or issue. With respect to a U.S. Incentive Stock Option granted to an person
who, at the time the U.S. Incentive Stock Option is granted, owns shares representing more than ten percent of the voting power of all classes of shares of the Company or any Parent or Subsidiary, the per Share exercise price will not be less than
one hundred ten percent (110%) of the Fair Market Value per Share on the date of grant. 
  

	 	(b)	Form of Consideration 

 The consideration to
be paid for Shares to be issued upon exercise of an Option and for Restricted Shares, including the method of payment, will be determined by the Compensation Committee. Such consideration may consist of: 
  

	 	(i)	cash, 

  

	 	(ii)	check payable to the order of the Company, 

  

	 	(iii)	promissory note; provided, however, that consideration in the form of a promissory note will not be acceptable if it would constitute a personal loan to an executive officer or
director of the Company prohibited by Section 402 of the U.S. Sarbanes-Oxley Act of 2002, 

  

	 	(iv)	other Shares which (x) have been owned by the grantee for more than six (6) months on the date of surrender, and (y) have a Fair Market Value on the date of surrender
equal to the aggregate exercise price of the Shares as to which such Option is exercised or the aggregate purchase price of Restricted Shares being purchased, 

	 	(v)	consideration received by the Company for the exercise of Options under a cashless exercise program implemented or approved by the Company in connection with this Plan, or

  

	 	(vi)	any combination of the foregoing methods of payment. 

 In
making its determination as to the type of consideration to accept, the Compensation Committee will consider if acceptance of such consideration may be reasonably expected to benefit the Company. 
  

	8.	Vesting of Awards 

  

	 	(a)	Vesting Generally 

 Any Options granted
hereunder will become vested and exercisable, any RSUs granted hereunder will vest and be settled, and any Restricted Shares issued hereunder will vest and no longer be subject to forfeiture, according to the terms hereof at such times and under
such conditions as determined by the Compensation Committee and set forth in the Award Agreement. Except in the case of Award granted to Outside Directors and Consultants, unless the Compensation Committee determines otherwise as set forth in the
Award Agreement, Options will vest and become exercisable, RSUs will vest and be settled, and Restricted Shares will vest and no longer be subject to forfeiture, in four equal annual installments beginning on the first anniversary of the date of
grant or issuance of the Award or of such other vesting commencement date prior to the date of grant or issuance of the Award as specified by the Compensation Committee in its sole discretion; provided, that, unless otherwise
determined by the Compensation Committee and set forth in the Award Agreement, no Award will vest until the Company’s completion of a firm commitment underwritten initial public offering of its shares resulting in a listing on an Exchange and
the expiration of all underwriters’ lockup periods applicable to such initial public offering. If following the completion of such initial public offering and expiration of such lockup periods, the holder of the Award continues to meet the
other requirements, such as continued employment with the Company, for eligibility for vesting, prior vesting thresholds will be deemed to have been met upon such completion and expiration as if such initial public offering had occurred and such
lockup periods had expired prior to the making of the Award. 
  

	 	(b)	Settlement of RSUs 

 RSUs that will be
settled upon vesting, subject to the terms of the Award Agreement, either by delivery to the holder of the number of Shares that equals the number of RSUs that then become vested or by the payment to the holder of cash equal to the then Fair Market
Value of that number of Shares. It is contemplated that in most cases the Award Agreement will specify that settlement will be made in Shares rather than in cash. 
  

	 	(c)	Exercise of Options 

 An Option will be
deemed exercised when the Company receives: 
  

	 	(i)	written or electronic notice of exercise (in accordance with the Award Agreement) from the person entitled to exercise the Option, and 

  

	 	(ii)	full payment for the Shares with respect to which the Option is exercised. 

 Full payment may consist of any consideration and method of payment authorized by the Compensation Committee and permitted by the Award Agreement and this Plan. Shares issued upon exercise of an Option will be issued
in the name of the Holder or, if requested by the Holder, in the name of the Holder and his or her spouse. Until the Shares are issued (as evidenced by the 

 
appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other
rights as a shareholder will exist with respect to the Shares, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend
or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 10 below. 
 Exercise
of an Option in any manner will result in a decrease in the number of Shares thereafter available, both for purposes of this Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 
 To the extent the aggregate Fair Market Value of Shares subject to U.S. Incentive Stock Options which become exercisable for the first time by a Holder
during any calendar year (under all plans of the Company or any Parent or Subsidiary or VIE) exceeds $100,000, such excess Options, to the extent of the Shares covered thereby in excess of the foregoing limitation, will be treated as Non-Qualified
Stock Options. For this purpose, U.S. Incentive Stock Options will be taken into account in the order in which they were granted, and the Fair Market Value of the Shares will be determined as of the grant date of the relevant Option. 
  

	 	(d)	Termination of Relationship as Service Provider of Holder of Options 

 If a Holder of Options ceases to be a Service Provider, such Holder may exercise his or her Options within such period of time as is specified in the Award Agreement to the extent that the Options are vested on the
date of termination (but in no event later than the expiration of the term of the Options as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Options will remain exercisable for three (3) months
following the Holder’s termination. If, on the date of termination, the Holder is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Options will revert to this Plan. If, after termination, the Holder
does not exercise his or her Options within the time specified by the Compensation Committee, the Options will terminate, and the Shares covered by such Options will revert to this Plan. 
  

	 	(e)	Disability of Holder of Options 

 If a Holder
of Options ceases to be a Service Provider as a result of the Holder’s Disability, the Holder may exercise his or her Options within such period of time as is specified in the Award Agreement to the extent the Options are vested on the date of
termination (but in no event later than the expiration of the term of such Options as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Options will remain exercisable for twelve (12) months
following the Holder’s termination. 
 If the Disability is not a “disability” as such term is defined in
Section 22(e)(3) of the U.S. Internal Revenue Code, in the case of U.S. Incentive Stock Options, such U.S. Incentive Stock Options will automatically convert to U.S. Non-Qualified Stock Options on the day three (3) months and one day
following the date such Holder ceased to be a Service Provider as a result of the Holder’s Disability. If, on the date of termination, the Holder is not vested as to all of his Options, the Shares covered by the unvested Options will revert to
this Plan. If, after termination, the Holder does not exercise his or her Options within the time specified herein, the Options will terminate, and the Shares covered by such Options will revert to this Plan. 
  

	 	(f)	Death of Holder of Options 

 If a Holder of
Options dies while a Service Provider, the Options may be exercised within such period of time as is specified in the Award Agreement to the extent that the Options are vested on the date of death (but in no event later than the expiration of the

 
term of such Options as set forth in the Award Agreement) by the Holder’s estate or by a person who acquires the right to exercise the Options by
bequest or inheritance. In the absence of a specified time in the Award Agreement, the Options will remain exercisable for twelve (12) months following the Holder’s termination. If, at the time of death, the Holder is not vested as to all
of his or her Options, the Shares covered by the unvested Options will immediately revert to this Plan. If the Options are not so exercised within the time specified herein, the Options will terminate, and the Shares covered by such Options will
revert to this Plan. 
  

	 	(g)	Buyout Provisions 

 The Compensation
Committee may at any time offer to buy out an Awards previously granted for a payment in cash or Shares, based on such terms and conditions as the Compensation Committee may establish. 
  

	9.	Awards 

  

	 	(a)	Rights to Receive or Purchase 

 Awards may be
issued either alone, in addition to, or in tandem with other Awards granted under this Plan and/or cash awards made outside of this Plan. After the Compensation Committee determines that it will offer Awards under this Plan, it will advise the
offeree in writing or electronically of the terms, conditions and restrictions related to the offer, including the number of Shares that such person will be entitled to receive or purchase, the price to be paid, if any, and the time within which
such person must accept such offer. 
  

	 	(b)	Repurchase Option; Forfeiture of Non-vested Shares 

 Unless the Compensation Committee determines otherwise, the Award Agreement will grant the Company a repurchase option exercisable upon the voluntary or involuntary termination of the Holder’s service with the Company for any reason
(including death or Disability) in the event that the Holder purchased or otherwise received Shares under the Award Agreement and such Shares are non-vested. The purchase price for Shares repurchased pursuant to the Award Agreement will be the
original price paid by the Holder and may be paid, at the Compensation Committee’s option, by cancellation of any indebtedness of the Holder to the Company. The repurchase option will lapse at such rate as the Compensation Committee may
determine. Except with respect to Shares purchased by Outside Directors and Consultants, unless set forth expressly in the Award Agreement, the repurchase option will in no case lapse at a rate of less than twenty-five percent per year over four
years from the date of receipt or purchase. Unless the Compensation Committee determines otherwise, the Award Agreement will provide for the forfeiture of the non-vested Shares underlying an Award upon the voluntary or involuntary termination of the
Holder’s service with the Company for any reason (including death or Disability). 
  

	 	(c)	Other Provisions 

 The Award Agreement will
contain such other terms, provisions and conditions not inconsistent with this Plan as may be determined by the Compensation Committee in its sole discretion. 
  

	 	(d)	Rights as a Shareholder 

 Once an Award is
exercised, the Holder will have rights equivalent to those of a shareholder and will be a shareholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the Award is exercised, except as provided in Section 10 below. 

	10.	Adjustments Upon Changes in Capitalization or Asset Sale 

  

	 	(a)	Changes in Capitalization 

 Subject to any
required action by the shareholders of the Company, the number of Shares covered by each outstanding Award, and the number of Shares which have been authorized for issuance under this Plan but as to which Awards have yet been granted or which have
been returned to this Plan upon cancellation or expiration of an Award, as well as the price per Share covered by each such outstanding Award, will be proportionately adjusted for any increase or decrease in the number of issued Shares resulting
from a reclassification of the Shares, or any other increase or decrease in the number of issued Shares effected without receipt of consideration by the Company. The conversion of any convertible securities of the Company will not be deemed to have
been “effected without receipt of consideration.” Such adjustment will be made by the Compensation Committee, whose determination in that respect will be final and binding. Except as expressly provided herein, no issuance by the Company of
equity shares of any class, or securities convertible into equity shares of any class, will affect, and no adjustment by reason thereof will be made with respect to, the number or price of Shares subject to an Award. 
  

	 	(b)	Adjustments for Share Splits and Share Dividends 

 If the Company at any time increases or decreases the number of its outstanding Shares, or changes in any way the rights and privileges of such Shares by means of the payment of a share dividend or any other distribution upon such Shares,
or through a share split, subdivision, consolidation, combination, reclassification or recapitalization involving the Shares, then in relation to the Shares that are affected by one or more of the above events, the numbers, rights and privileges of
the following will be increased, decreased or changed in like manner as if such Shares had been issued and outstanding, fully paid and nonassessable at the time of such occurrence: (i) the number of Shares as to which Awards may be made under
this Plan: and (ii) the Shares included in each outstanding Award made hereunder. 
  

	 	(c)	Dissolution or Liquidation 

 In the event of
the proposed dissolution or liquidation of the Company, the Compensation Committee will notify each Holder as soon as practicable prior to the effective date of such proposed transaction. The Compensation Committee in its discretion may provide for
a Holder to have the right to exercise his or her Options until fifteen (15) days prior to such transaction as to all of the Underlying Shares covered thereby, including Shares as to which the Options would not otherwise be exercisable. In
addition, the Compensation Committee may provide that any Company repurchase option applicable to any Shares purchased pursuant to an Award will lapse as to all such Shares, provided the proposed dissolution or liquidation takes place at the time
and in the manner contemplated. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action. 
  

	 	(d)	Consolidation or Asset Sale 

 If the Company
is to be consolidated with or acquired by another person or entity in a sale of all or substantially all of the Company’s assets or stock or otherwise (an “Acquisition”), the committee or the board of directors of any entity assuming
the obligations of the Company hereunder (the “Successor Board”) may in its sole discretion, take one or more of the following actions with respect to outstanding Options, Shares acquired upon exercise of any Option, outstanding RSUs, or
unvested Restricted Shares: (i) make appropriate provision for the continuation of such Awards by substituting on an equitable basis for the Underlying Shares the consideration payable with respect to the outstanding Shares in connection with
the Acquisition; (ii) accelerate the date of exercise of such Options, vesting and settlement of RSUs, or vesting of Restricted Shares, or of any installment of any such Options, RSUs or Restricted Shares; (iii) upon written notice to the
participants, provide that all Options must be exercised, to the extent then exercisable, within a specified number of days of the date of such notice, at the end of which period the Options, including those 

 
which are not then exercisable, shall terminate; (iv) terminate all Options or RSUs in exchange for a cash payment equal to the excess of the fair
market value of the shares subject to such Options or RSUs (to the extent then exercisable) over the exercise price thereof (if any); or (v) in the event of a Share sale, require that the participant sell to the purchaser to whom such Shares
sale is to be made, all Shares previously issued to such participant upon exercise of any Option, pursuant to any RSU, or as Restricted Shares at a price equal to the portion of the net consideration from such sale which is attributable to such
Shares. Nothing contained herein will be deemed to require the Company to take, or refrain from taking, any one or more of the foregoing actions. 
  

	 	(e)	No Fractional Shares 

 If any adjustment or
substitution provided for in this Section 10 results in the creation of a fractional Share under any Option, the Company will, in lieu of issuing such fractional Share, pay to the Holder a cash sum in the amount equal to the product of such
fraction multiplied by the Fair Market Value of a Share on the date the fractional Share otherwise would have been issued. 
  

	 	(f)	Determination by the Compensation Committee 

 Adjustments under this Section 10 will be made by the Compensation Committee whose determinations with regard thereto will be final and binding upon all parties. 
  

	11.	Time of Granting of Award 

 The date of grant
of an Award will be the date on which the Compensation Committee makes the determination granting such Award, or such other date as is determined by the Compensation Committee; provided that such other date will not be prior to the date of the
Compensation Committee’s determination to grant such Award; provided, further, that the foregoing will not prohibit the Compensation Committee from determining, in its discretion, to specify a vesting commencement date prior to the date of the
grant. Notice of the determination will be given to each Service Provider to whom an Award is so granted within a reasonable time after the date of such grant. 
  

	12.	Non-Transferability of Awards 

 Awards may
not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than as provided in the Award Agreement, this Plan, by will or by the laws of succession and may be exercised, during the lifetime of the Holder, only by
the Holder. 
  

	13.	Conditions Regarding Issuance of Shares 

  

	 	(a)	Legal Compliance 

 Shares will not be issued
pursuant to the exercise of Options, the settlement of RSUs, or the purchase of Restricted Shares unless the issuance and delivery of such Shares will comply with Applicable Laws, and the issuance of Shares will be subject to confirmation from legal
counsel for the Company as to such compliance. 
  

	 	(b)	Investment Representations 

 The Compensation
Committee may require the person receiving Shares upon exercise of Options, settlement of RSUs, or purchase of Restricted Shares to represent and warrant, as a condition to such receipt, that the Shares are being purchased only for investment and
not with a view to the distribution of such Shares. 

	 	(c)	Inability to Obtain Authority 

 The inability
of the Company to obtain authority from any regulatory body having jurisdiction will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority has not been obtained. 

 

	 	(d)	Withholding 

 The Company’s obligations
to deliver Shares upon the exercise of an Award will be subject to the Holder’s satisfaction of all applicable Tax Law, including withholding requirements, of all applicable jurisdictions. 
  

	14.	Amendment and Termination of this Plan 

  

	 	(a)	Amendment and Termination 

 The Board may at
any time amend, suspend or terminate this Plan. 
  

	 	(b)	Shareholder Approval 

 The Board will obtain
shareholder approval of any Plan amendment to the extent necessary or desirable to comply with Applicable Laws. 
  

	 	(c)	Effect of Amendment or Termination 

 Except
as may be required by Applicable Law, no amendment, suspension or termination of this Plan will impair the rights of any Holder, unless agreed otherwise in writing between the Holder and the Compensation Committee. Termination of this Plan will not
affect the Compensation Committee’s ability to exercise the powers granted to it hereunder with respect to Awards granted under this Plan prior to the date of such termination. 
  

	15.	Effectiveness and Term of Plan 

 This Plan
will become effective upon its adoption by the Board and approval by the Company’s shareholders. It will continue in effect, with regard to the making of Awards, for a term of ten (10) years unless sooner terminated under Section 14
above and with regard to the terms of an Award Agreement, for such longer term as may be required to give effect to that Award Agreement for a term of ten (10) years unless sooner terminated under Section 14 above. 
  

	 	•	 	 Approved and adopted by the Board of Directors on December 31, 2008 and amended by the Board of Directors on March 16, 2009. 

  

	 	•	 	 Approved and adopted by the Company’s shareholder on December 31, 2008 and amended by the Company’s shareholders on March 16, 2009.

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