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Form 8-K

sec.gov
NCLH The article is a Form 8-K filing detailing corporate actions including amendments to the 2013 Performance Incentive Plan and the results of a shareholder meeting. It does not contain forward-looking statements or opinions that would indicate a specific market sentiment.

8-K — Norwegian Cruise Line Holdings Ltd.

Accession: 0001104659-26-074589

Filed: 2026-06-16

Period: 2026-06-11

CIK: 0001513761

SIC: 4400 (WATER TRANSPORTATION)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Submission of Matters to a Vote of Security Holders

Item: Financial Statements and Exhibits

Documents

8-K — tm2617973d1_8k.htm (Primary)

EX-10.1 — EXHIBIT 10.1 (tm2617973d1_ex10-1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: tm2617973d1_8k.htm · Sequence: 1

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0001513761

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2026-06-11

2026-06-11

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,

DC 20549

FORM 8-K

CURRENT

REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest

event reported): June 11, 2026

NORWEGIAN

CRUISE LINE HOLDINGS LTD.

(Exact name of registrant as specified in its charter)

Bermuda

001-35784

98-0691007

(State

or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

7665

Corporate Center Drive, Miami,

Florida 33126

(Address of principal executive offices, and

Zip Code)

(305)

436-4000

Registrant’s telephone

number, including area code

(Former name or former

address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written

communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant

to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Ordinary

shares, par value $.001 per share

NCLH

The

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR

§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02 Departure of Directors or Certain Officers; Election of

Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Compensatory Arrangements of Certain Officers.

The Board of Directors (the “Board”)

of Norwegian Cruise Line Holdings Ltd. (the “Company”) previously adopted an amendment and restatement of the Norwegian Cruise

Line Holdings Ltd. 2013 Performance Incentive Plan (the “2013 Plan” and as amended and restated, the “Restated 2013

Plan”), subject to approval by the Company’s shareholders at the Annual Meeting (as such term is defined in Item 5.07 of this

Current Report on Form 8-K). As disclosed in Item 5.07 below, the Company’s shareholders approved the Restated 2013 Plan at the

Annual Meeting.

Among other things, the Restated 2013 Plan reflects

amendments to:

i. increase

the number of the Company’s ordinary shares that may be delivered pursuant to all awards granted under the Restated 2013 Plan by

an additional 8,807,000 shares, from 48,009,006 shares to a new maximum aggregate limit of 56,816,006 shares; and

ii. extend

the expiration date of the Restated 2013 Plan to February 8, 2036.

The Board or one or more committees appointed

by the Board administers the Restated 2013 Plan. The Board has delegated general administrative authority for the Restated 2013 Plan to

the Compensation Committee of the Board. The administrator of the Restated 2013 Plan has broad authority under the plan to, among other

things, select eligible participants and determine the type(s) of award(s) that they are to receive, determine the number of shares that

are to be subject to awards and the terms and conditions of awards, including the price (if any) to be paid for the shares or the award.

Persons eligible to receive awards under the Restated

2013 Plan include officers or employees of the Company or any of its subsidiaries, members of the Board, and certain consultants and advisors

to the Company or any of its subsidiaries. The types of awards that may be granted under the Restated 2013 Plan include, without limitation,

options, share appreciation rights, share bonuses, restricted shares, performance shares, share units, phantom shares, dividend equivalents

and other forms of awards, which are granted or denominated in the Company’s ordinary shares, as well as cash bonus awards.

The

maximum number of the Company’s ordinary shares that may be delivered pursuant to awards granted under the Restated 2013 Plan is

equal to 56,816,006 shares. Ordinary shares subject to outstanding awards that are settled in cash will be available for issuance

under the Restated 2013 Plan, as will any ordinary shares exchanged or withheld by the Company to satisfy any purchase price and tax withholding

obligations related to “full value awards” such as restricted shares or restricted share units. However, with respect to all

awards of options or share appreciation rights (“SAR(s)”), any shares that are not issued or delivered as a result of the

net settlement of an outstanding option or SAR, or any ordinary shares that are not issued or are tendered back to the Company as payment

for any options or SARs, as well as any ordinary shares withheld or tendered to satisfy tax withholding obligations related to options

or SARs, as well as any shares repurchased with the proceeds of any option exercise price, will not again be available for new grants

under the Restated 2013 Plan. In addition, the gross number of ordinary shares for which a SAR award is exercised, and not the number

of ordinary shares actually issued, will count against the share limits of the Restated 2013 Plan.

The foregoing summary of the Restated 2013 Plan

and the amendments thereto is qualified in its entirety by reference to the text of the Restated 2013 Plan, which is filed as Exhibit

10.1 to this Current Report on Form 8-K.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On June 11, 2026, the Company held its annual

general meeting of shareholders at the Pullman Miami, 5800 Waterford District Drive, Miami, Florida 33126 (the “Annual Meeting”).

At the Annual Meeting, the Company’s shareholders voted on six proposals, each of which is described in more detail in the Company’s

definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 30, 2026 (the “Definitive

Proxy Statement”), as supplemented by the Company’s supplemental proxy materials filed with the SEC on May 6, 2026 (the “Supplemental

Proxy Materials” and, together with the Definitive Proxy Statement, the “Proxy Statement”). There were 363,852,495 ordinary

shares present at the Annual Meeting in person or by proxy, which represented 79.25% of the combined voting power of ordinary shares entitled

to vote at the Annual Meeting, and which constituted a quorum for the transaction of business. Holders of the Company’s ordinary

shares as of the close of business on April 15, 2026 were entitled to one vote for each ordinary share held.

The shareholders of the Company voted on the following

proposals at the Annual Meeting:

1. To

elect three directors, each to serve as Class I directors until the 2029 annual general meeting of shareholders and until his or her

successor has been elected and qualified, or until his or her earlier death, resignation or removal.

2. To

approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers (“Say-on-Pay Vote”)

as disclosed in the Proxy Statement.

3. To

approve, on a non-binding, advisory basis, the frequency of future Say-on-Pay Votes.

4. To

approve an amendment to the 2013 Plan, including an increase in the number of shares available for grant under the 2013 Plan.

5. To

ratify the appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting

firm for the year ending December 31, 2026 and the determination of PwC’s remuneration by the Audit Committee of the Board.

6. A

shareholder proposal requesting the declassification of the Board.

The voting results for each of these proposals

are detailed below.

1.

Election of Directors

Nominee

For

Against

Abstain

Broker Non-Votes

Zillah Ellen Byng-Thorne

247,005,384

24,111,797

1,062,837

91,672,477

Alex Cruz

267,945,117

3,693,105

541,796

91,672,477

Linda P. Jojo

258,428,913

12,948,760

802,345

91,672,477

Each of the three nominees for director was elected

to serve until the 2029 annual general meeting of shareholders and until his or her successor has been elected and qualified, or until

his or her earlier death, resignation or removal.

2.

Advisory

Vote on Executive Compensation

For

Against

Abstain

Broker Non-Votes

233,387,448

38,145,401

647,169

91,672,477

The shareholders approved, on a non-binding, advisory

basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement.

3.

Advisory Vote on the Frequency of Future Say-on-Pay Votes

1 Year

2 Years

3 Years

Abstain

265,317,260

498,761

5,418,226

945,771

The shareholders voted, on a non-binding, advisory basis, for future

Say-on-Pay Votes to occur on an annual basis.

4.

Approval of Amendment to 2013 Plan

For

Against

Abstain

Broker Non-Votes

262,009,659

9,510,085

660,274

91,672,477

The shareholders approved an amendment to the

2013 Plan, including an increase in the number of shares available for grant under such plan. The Restated 2013 Plan is described above

in Item 5.02 of this Current Report on Form 8-K.

5.

Ratification of Appointment of Independent Registered Public

Accounting Firm

For

Against

Abstain

Broker Non-Votes

353,556,052

9,454,489

841,954

—

The shareholders ratified the appointment of PwC

as the Company’s independent registered public accounting firm for the year ending December 31, 2026 and the determination of PwC’s

remuneration by the Audit Committee of the Board.

6.

Shareholder Proposal Requesting the Declassification of the Board

For

Against

Abstain

Broker Non-Votes

235,818,734

35,431,208

930,076

91,672,477

The shareholders approved the shareholder proposal

to declassify the Board.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

Number

Description

10.1

Norwegian Cruise Line Holdings Ltd. Amended and Restated 2013 Performance Incentive Plan.

104

Cover Page Interactive Date File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,

as amended, Norwegian Cruise Line Holdings Ltd. has duly caused this report to be signed on its behalf by the undersigned thereunto duly

authorized.

Date: June 16, 2026

NORWEGIAN CRUISE LINE HOLDINGS LTD.

By:

/s/ Daniel S. Farkas

Name:

Daniel S. Farkas

Title:

Executive Vice President, General Counsel, Chief Development Officer and Secretary

EX-10.1 — EXHIBIT 10.1

EX-10.1

Filename: tm2617973d1_ex10-1.htm · Sequence: 2

Exhibit 10.1

NORWEGIAN CRUISE LINE HOLDINGS LTD.

AMENDED AND RESTATED 2013 PERFORMANCE INCENTIVE PLAN

(Effective February 9, 2026)

1. PURPOSE OF PLAN

The purpose of this Norwegian Cruise Line Holdings Ltd. Amended and

Restated 2013 Performance Incentive Plan (this “Plan”) of Norwegian Cruise Line Holdings Ltd., a company organized

under the laws of Bermuda (the “Company”), is to promote the success of the Company and to increase shareholder value

by providing an additional means through the grant of awards to attract, motivate, retain and reward selected employees and other eligible

persons.

2. ELIGIBILITY

The Administrator (as such term is defined in Section 3.1) may

grant awards under this Plan only to those persons that the Administrator determines to be Eligible Persons. An “Eligible Person”

is any person who is either: (a) an officer (whether or not a director) or employee of the Company or one of its Subsidiaries; (b) a

director of the Company or one of its Subsidiaries; or (c) an individual consultant or advisor who renders or has rendered bona fide

services (other than services in connection with the offering or sale of securities of the Company or one of its Subsidiaries in a capital-raising

transaction or as a market maker or promoter of securities of the Company or one of its Subsidiaries) to the Company or one of its Subsidiaries

and who is selected to participate in this Plan by the Administrator; provided, however, that a person who is otherwise an Eligible Person

under clause (c) above may participate in this Plan only if such participation would not adversely affect either the Company’s

eligibility to use Form S-8 to register under the Securities Act of 1933, as amended (the “Securities Act”), the

offering and sale of shares issuable under this Plan by the Company or the Company’s compliance with any other applicable laws.

An Eligible Person who has been granted an award (a “participant”) may, if otherwise eligible, be granted additional awards

if the Administrator shall so determine. As used herein, “Subsidiary” means any Company or other entity a majority

of whose outstanding voting shares or voting power is beneficially owned directly or indirectly by the Company; and “Board”

means the Board of Directors of the Company.

3. PLAN ADMINISTRATION

3.1 The Administrator. This Plan shall be administered by and all awards under this Plan shall be authorized by the Administrator.

The “Administrator” means the Board or one or more committees appointed by the Board or another committee (within its

delegated authority) to administer all or certain aspects of this Plan. Any such committee shall be comprised solely of one or more directors

or such number of directors as may be required under applicable law. A committee may delegate some or all of its authority to another

committee so constituted. The Board or a committee comprised solely of directors may also delegate, to the extent permitted by applicable

law, to one or more officers of the Company, its powers under this Plan (a) to designate the officers and employees of the Company

and its Subsidiaries who will receive grants of awards under this Plan, and (b) to determine the number of shares subject to, and

the other terms and conditions of, such awards. The Board may delegate different levels of authority to different committees with administrative

and grant authority under this Plan. Unless otherwise provided in the Bylaws of the Company or the applicable charter of any Administrator:

(a) a majority of the members of the acting Administrator shall constitute a quorum, and (b) the vote of a majority of the members

present assuming the presence of a quorum or the unanimous written consent of the members of the Administrator shall constitute action

by the acting Administrator.

3.2 Powers of the Administrator. Subject to the express provisions of this Plan, the Administrator is authorized and empowered

to do all things necessary or desirable in connection with the authorization of awards and the administration of this Plan (in the case

of a committee or delegation to one or more officers, within the authority delegated to that committee or person(s)), including, without

limitation, the authority to:

(a) determine eligibility and, from among those persons determined to be eligible, the particular Eligible Persons who will receive an

award under this Plan;

(b) grant awards to Eligible Persons, determine the price (if any) at which securities will be offered or awarded and the number of securities

to be offered or awarded to any of such persons, determine the other specific terms and conditions of such awards consistent with the

express limits of this Plan, establish the installments (if any) in which such awards shall become exercisable or shall vest (which may

include, without limitation, performance and/or time-based schedules), or determine that no delayed exercisability or vesting is required,

establish any applicable performance targets, determine the circumstances in which any performance-based goals (or the applicable measure

of performance) will be adjusted and the nature and impact of any such adjustment, and establish the events of termination or reversion

of such awards;

(c) approve the forms of award agreements (which need not be identical either as to type of award or among participants);

(d) construe and interpret this Plan and any agreements defining the rights and obligations of the Company, its Subsidiaries, and participants

under this Plan, make any and all determinations under this Plan and any such agreements, further define the terms used in this Plan,

and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the awards granted under this

Plan;

(e) cancel, modify, or waive the Company’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding

awards, subject to any required consent under Section 8.6.5;

(f) accelerate, waive or extend the vesting or exercisability or extend the term of any or all such outstanding awards (in the case of

options or share appreciation rights, within the maximum ten-year term of such awards) in such circumstances as the Administrator may

deem appropriate (including, without limitation, in connection with a termination of employment or services or other events of a personal

nature) subject to any required consent under Section 8.6.5;

(g) adjust the number of Ordinary Shares subject to any award, adjust the price of any or all outstanding awards or otherwise change previously

imposed terms and conditions, in such circumstances as the Administrator may deem appropriate, in each case subject to Sections 4

and 8.6 (and subject to the no repricing provision below);

(h) determine the date of grant of an award, which may be a designated date after but not before the date of the Administrator’s

action (unless otherwise designated by the Administrator, the date of grant of an award shall be the date upon which the Administrator

took the action granting an award);

(i) determine whether, and the extent to which, adjustments are required pursuant to Section 7 hereof and authorize the termination,

conversion, substitution or succession of awards upon the occurrence of an event of the type described in Section 7;

(j) acquire or settle (subject to Sections 7 and 8.6) rights under awards in cash, shares of equivalent value, or other consideration

(subject to the no repricing provision below); and

(k) determine the fair market value of the Ordinary Shares or awards under this Plan from time to time and/or the manner in which such

value will be determined.

Notwithstanding the foregoing and except for an adjustment

pursuant to Section 7.1 or a repricing approved by shareholders, in no case may the Administrator (1) amend an outstanding option

or SAR to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding option or SAR in

exchange for cash or other awards for the purpose of repricing the award, or (3) cancel, exchange, or surrender an outstanding option

or SAR in exchange for an option or SAR with an exercise or base price that is less than the exercise or base price of the original award.

3.3 Binding Determinations. Any determination or other action taken by, or inaction of, the Company, any Subsidiary, or

the Administrator relating or pursuant to this Plan (or any award made under this Plan) and within its authority hereunder or under applicable

law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board

nor any other Administrator, nor any member thereof or person acting at the direction thereof, shall be liable for any act, omission,

interpretation, construction or determination made in good faith in connection with this Plan (or any award made under this Plan), and

all such persons shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage or expense

(including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under

any directors and officers liability insurance coverage that may be in effect from time to time.

3.4 Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the Administrator

may obtain and may rely upon the advice of experts, including employees and professional advisors to the Company. No director, officer

or agent of the Company or any of its Subsidiaries shall be liable for any such action or determination taken or made or omitted in good

faith.

3.5 Delegation. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers

or employees of the Company or any of its Subsidiaries or to third parties.

4. SHARES SUBJECT TO THE PLAN; SHARE LIMITS

4.1 Shares Available. Subject to the provisions of Section 7.1, the shares that may be delivered under this Plan shall

be shares of the Company’s authorized but unissued ordinary shares and any ordinary shares held as treasury shares. For purposes

of this Plan, “Ordinary Shares” shall mean the ordinary shares of the Company and such other securities or property

as may become the subject of awards under this Plan, or may become subject to such awards, pursuant to an adjustment made under Section 7.1.

4.2 Share Limits. The maximum number of Ordinary Shares that may be delivered pursuant to awards granted to Eligible Persons

under this Plan is 56,816,006 shares (the “Share Limit”).

The following limit also applies with respect to awards

granted under this Plan:

(a) The maximum number of Ordinary Shares that may be delivered pursuant to options qualified as incentive stock options granted under

this Plan is 56,816,006 shares.

Each of the foregoing numerical limits is subject to adjustment

as contemplated by Section 4.3, Section 7.1, and Section 8.10.

4.3 Awards Settled in Cash, Reissue of Awards and Shares. To the extent that an award granted under this Plan is settled

in cash or a form other than Ordinary Shares, the shares that would have been delivered had there been no such cash or other settlement

shall not be counted against the shares available for issuance under this Plan. In the event that Ordinary Shares are delivered in respect

of a dividend equivalent right granted under this Plan, the actual number of shares delivered with respect to the award shall be counted

against the share limits of this Plan (including, for purposes of clarity, the limits of Section 4.2 of this Plan). (For purposes

of clarity, if 1,000 dividend equivalent rights are granted and outstanding when the Company pays a dividend, and 50 shares are delivered

in payment of those rights with respect to that dividend, 50 shares shall be counted against the share limits of this Plan). Shares that

are subject to or underlie awards granted under this Plan which expire or for any reason are cancelled or terminated, are forfeited, fail

to vest, or for any other reason are not paid or delivered under this Plan shall again be available for subsequent awards under this Plan.

Shares that are not issued or delivered as a result of the net settlement of any option or share appreciation right under this Plan, shares

that are exchanged by a participant or withheld by the Company as full or partial payment in connection with any option or share appreciation

right under this Plan, as well as any shares exchanged by a participant or withheld by the Company or one of its Subsidiaries to satisfy

the tax withholding obligations related to any option or share appreciation right under this Plan, as well as any Ordinary Shares repurchased

with the proceeds of any option exercise price shall not be available for subsequent awards under this Plan. To the extent that Ordinary

Shares are delivered pursuant to the exercise of a share appreciation right or option granted under this Plan, the number of underlying

shares as to which the exercise related shall be counted against the applicable share limits under Section 4.2, as opposed to only

counting the shares issued. (For purposes of clarity, if a share appreciation right relates to 100,000 shares and is exercised at a time

when the payment due to the participant is 15,000 shares, 100,000 shares shall be charged against the applicable share limits under Section 4.2

with respect to such exercise.) Shares that are exchanged by a participant or withheld by the Company as full or partial payment in connection

with any award under this Plan other than any option or share appreciation right, as well as any shares exchanged by a participant or

withheld by the Company or one of its Subsidiaries to satisfy the tax withholding obligations related to any award under this Plan other

than any option or share appreciation right, shall be available for subsequent awards under this Plan. Refer to Section 8.10 for

application of the foregoing share limits with respect to assumed awards.

4.4 Reservation of Shares; No Fractional Shares; Minimum Issue. The Company shall at all times reserve a number of Ordinary

Shares sufficient to cover the Company’s obligations and contingent obligations to deliver shares with respect to awards then outstanding

under this Plan (exclusive of any dividend equivalent obligations to the extent the Company has the right to settle such rights in cash).

No fractional shares shall be delivered under this Plan. The Administrator may pay cash in lieu of any fractional shares in settlements

of awards under this Plan. No fewer than 100 shares may be purchased on exercise of any award (or, in the case of share appreciation or

purchase rights, no fewer than 100 rights may be exercised at any one time) unless the total number purchased or exercised is the total

number at the time available for purchase or exercise under the award.

5. AWARDS

5.1 Type and Form of Awards. The Administrator shall determine the type or types of award(s) to be made to each

selected Eligible Person. Awards may be granted singly, in combination or in tandem. Awards also may be made in combination or in tandem

with, in replacement of, as alternatives to, or as the payment form for grants or rights under any other employee or compensation plan

of the Company or one of its Subsidiaries. The types of awards that may be granted under this Plan are (subject, in each case, to the

no repricing provisions of Section 3.2):

5.1.1 Options. An option is the grant

of a right to purchase a specified number of Ordinary Shares during a specified period as determined by the Administrator. An option may

be intended as an incentive stock option within the meaning of Section 422 of the Code (an “ISO”) or a nonqualified

option (an option not intended to be an ISO). The award agreement for an option will indicate if the option is intended as an ISO; otherwise

it will be deemed to be a nonqualified option. The maximum term of each option (ISO or nonqualified) shall be ten (10) years. The

per share exercise price for each option shall be not less than 100% of the fair market value of an Ordinary Share on the date of grant

of the option. When an option is exercised, the exercise price for the shares to be purchased shall be paid in full in cash or such other

method permitted by the Administrator consistent with Section 5.5.

5.1.2 Additional Rules Applicable to ISOs.

To the extent that the aggregate fair market value (determined at the time of grant of the applicable option) of shares with respect to

which ISOs first become exercisable by a participant in any calendar year exceeds $100,000, taking into account both Ordinary Shares subject

to ISOs under this Plan and shares subject to ISOs under all other plans of the Company or one of its Subsidiaries (or any parent or predecessor

Company to the extent required by and within the meaning of Section 422 of the Code and the regulations promulgated thereunder),

such options shall be treated as nonqualified options. In reducing the number of options treated as ISOs to meet the $100,000 limit, the

most recently granted options shall be reduced first. To the extent a reduction of simultaneously granted options is necessary to meet

the $100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate which Ordinary Shares are to be

treated as shares acquired pursuant to the exercise of an ISO. ISOs may only be granted to employees of the Company or one of its subsidiary

corporations (for this purpose, the term “subsidiary” is used as defined in Section 424(f) of the Code, which generally

requires an unbroken chain of ownership of at least 50% of the total combined voting power of all classes of stock of each subsidiary

in the chain beginning with the Company and ending with the subsidiary in question). There shall be imposed in any award agreement relating

to ISOs such other terms and conditions as from time to time are required in order that the option be an “incentive stock option”

as that term is defined in Section 422 of the Code. No ISO may be granted to any person who, at the time the option is granted, owns

(or is deemed to own under Section 424(d) of the Code) outstanding Ordinary Shares possessing more than 10% of the total combined

voting power of all classes of shares of the Company, unless the exercise price of such option is at least 110% of the fair market value

of the shares subject to the option and such option by its terms is not exercisable after the expiration of five years from the date

such option is granted.

5.1.3 Share Appreciation Rights. A share

appreciation right or “SAR” is a right to receive a payment, in cash and/or Ordinary Shares, equal to the excess of

the fair market value of a specified number of Ordinary Shares on the date the SAR is exercised over the “base price”

of the award, which base price shall be set forth in the applicable award agreement and shall be not less than 100% of the fair market

value of an Ordinary Share on the date of grant of the SAR. The maximum term of a SAR shall be ten (10) years.

5.1.4 Other Awards; Dividend Equivalent Rights.

The other types of awards that may be granted under this Plan include: (a) share bonuses, restricted shares, performance shares,

share units, phantom shares, or similar rights to purchase or acquire shares, whether at a fixed or variable price (or no price)

or fixed or variable ratio related to the Ordinary Shares, and any of which may (but need not) be fully vested at grant or vest upon the

passage of time, the occurrence of one or more events, or the satisfaction of performance criteria or other conditions, or any combination

thereof; (b) any similar securities with a value derived from the value of or related to the Ordinary Shares and/or returns thereon;

or (c) cash awards. Dividend equivalent rights may be granted as a separate award or in connection with another award under this

Plan; provided, however, that dividend equivalent rights may not be granted in connection with a stock option or SAR granted under this

Plan. In addition, any dividends and/or dividend equivalents as to the unvested portion of any award granted under this Plan will be subject

to termination and forfeiture to the same extent as the corresponding portion of the unvested award to which they relate in the event

the applicable vesting requirements are not satisfied.

5.1.5 Incentive Bonus Awards. The types

of cash awards that may be granted under this Plan include the opportunity to receive a payment for the Company’s fiscal year, or

any other performance period established by the Administrator, based on the achievement of specific performance goals (which may include

subjective goals) established by the Administrator in its sole discretion. Any applicable performance goals may be based on either the

performance of the Company or any of its Subsidiaries or divisions on an absolute or relative basis, or on individual performance, as

determined by the Administrator in its sole discretion. Unless otherwise determined by the Administrator, any participant granted an incentive

bonus award pursuant to this Section 5.1.5 must remain continuously employed by the Company or one of its Subsidiaries through the

last day of the applicable performance period in order for the incentive bonus award to become payable. Any payments becoming payable

pursuant to this Section 5.1.5 will be paid in the calendar year following the calendar year in which the applicable performance

period ends, unless deferred in accordance with the requirements of Section 409A and Section 457A of the Code.

5.2 [Reserved]

5.3 Award Agreements. Each award shall be evidenced by either (1) a written award agreement in a form approved by the

Administrator and executed by the Company by an officer duly authorized to act on its behalf, or (2) an electronic notice of award

grant in a form approved by the Administrator and recorded by the Company (or its designee) in an electronic recordkeeping system used

for the purpose of tracking award grants under this Plan generally (in each case, an “award agreement”), as the Administrator

may provide and, in each case and if required by the Administrator, executed or otherwise electronically accepted or deemed accepted by

the recipient of the award in such form and manner as the Administrator may require. The Administrator may authorize any officer of the

Company (other than the particular award recipient) to execute any or all award agreements on behalf of the Company. The award agreement

shall set forth the material terms and conditions of the award as established by the Administrator consistent with the express limitations

of this Plan.

5.4 Settlements. Payment of awards may be in the form of cash, Ordinary Shares, other awards or combinations thereof as

the Administrator shall determine, and with such restrictions as it may impose.

5.5 Consideration for Ordinary Shares or Awards. The purchase price (if any) for any award granted under this Plan or the

Ordinary Shares to be delivered pursuant to an award, as applicable, may be paid by means of any lawful consideration as determined by

the Administrator, including, without limitation, one or a combination of the following methods:

· services rendered by the recipient of such award;

· cash, check payable to the order of the Company, or electronic funds transfer;

· notice and third-party payment in such manner as may be authorized by the Administrator;

· the delivery of previously owned Ordinary Shares;

· by a reduction in the number of shares otherwise deliverable pursuant to the award; or

· subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise” with a third party who provides

financing for the purposes of (or who otherwise facilitates) the purchase or exercise of awards.

In no event shall any shares newly-issued by the Company

be issued for less than the minimum lawful consideration for such shares or for consideration other than consideration permitted by applicable

law. Ordinary Shares used to satisfy the exercise price of an option shall be valued at their fair market value on the date of exercise.

The Company will not be obligated to deliver any shares unless and until it receives full payment of the exercise or purchase price therefor

and any related withholding obligations under Section 8.5 and any other conditions to exercise or purchase have been satisfied. Unless

otherwise expressly provided in the applicable award agreement, the Administrator may at any time eliminate or limit a participant’s

ability to pay the purchase or exercise price of any award or shares by any method other than cash payment to the Company.

5.6 Definition of Fair Market Value. For purposes of this Plan, “fair market value” shall mean, unless otherwise

determined or provided by the Administrator in the circumstances, the closing price (in regular trading) for an Ordinary Share on the

New York Stock Exchange (the “Exchange”) for the date in question or, if no sales of Ordinary Shares were reported

on the Exchange on that date, the closing price (in regular trading) for an Ordinary Share on the Exchange for the next preceding day

on which sales of Ordinary Shares were reported on the Exchange. The Administrator may, however, provide with respect to one or more awards

that the fair market value shall equal the closing price (in regular trading) for an Ordinary Share on the Exchange on the last trading

day preceding the date in question or the average of the high and low trading prices of an Ordinary Share on the Exchange for the date

in question or the most recent trading day. If the Ordinary Shares are no longer listed or are no longer actively traded on the Exchange

as of the applicable date, the fair market value of the Ordinary Shares shall be the value as reasonably determined by the Administrator

for purposes of the award in the circumstances. The Administrator also may adopt a different methodology for determining fair market value

with respect to one or more awards if a different methodology is necessary or advisable to secure any intended favorable tax, legal or

other treatment for the particular award(s) (for example, and without limitation, the Administrator may provide that fair market

value for purposes of one or more awards will be based on an average of closing prices (or the average of high and low daily trading prices)

for a specified period preceding the relevant date).

5.7 Transfer Restrictions.

5.7.1 Limitations on Exercise and Transfer.

Unless otherwise expressly provided in (or pursuant to) this Section 5.7 or required by applicable law: (a) all awards are non-transferable

and shall not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; (b) awards

shall be exercised only by the participant; and (c) amounts payable or shares issuable pursuant to any award shall be delivered only

to (or for the account of) the participant.

5.7.2 Exceptions. The Administrator

may permit awards to be exercised by and paid to, or otherwise transferred to, other persons or entities pursuant to such conditions and

procedures, including limitations on subsequent transfers, as the Administrator may, in its sole discretion, establish in writing. Any

permitted transfer shall be subject to compliance with applicable federal and state securities laws and shall not be for value (other

than nominal consideration, settlement of marital property rights, or for interests in an entity in which more than 50% of the voting

interests are held by the Eligible Person or by the Eligible Person’s family members).

5.7.3 Further Exceptions to Limits on

Transfer. The exercise and transfer restrictions in Section 5.7.1 shall not apply to:

(a) transfers to the Company (for example, in connection with the expiration or termination of the award),

(b) the designation of a beneficiary to receive benefits in the event of the participant’s death or, if the participant has died,

transfers to or exercise by the participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by

will or the laws of descent and distribution,

(c) subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations

order if approved or ratified by the Administrator, or

(d) if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative.

5.8 International Awards. One or more awards may be granted to Eligible Persons who provide services to the Company or one

of its Subsidiaries outside of the United States. Any awards granted to such persons may be granted pursuant to the terms and conditions

of any applicable sub-plans, if any, appended to this Plan and approved by the Administrator.

6. EFFECT OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS

6.1 General. The Administrator shall establish the effect of a termination of employment or service on the rights and benefits

under each award under this Plan and in so doing may make distinctions based upon, inter alia, the cause of termination and type of award.

If the participant is not an employee of the Company or one of its Subsidiaries and provides other services to the Company or one of its

Subsidiaries, the Administrator shall be the sole judge for purposes of this Plan (unless a contract or the award otherwise provides)

of whether the participant continues to render services to the Company or one of its Subsidiaries and the date, if any, upon which such

services shall be deemed to have terminated.

6.2 Events Not Deemed Terminations of Service. Unless the express policy of the Company or one of its Subsidiaries, or the

Administrator, otherwise provides, or except as otherwise required by applicable law, the employment relationship shall not be considered

terminated in the case of (a) sick leave, (b) military leave, or (c) any other leave of absence authorized by the Company

or one of its Subsidiaries, or the Administrator; provided that, unless reemployment upon the expiration of such leave is guaranteed by

contract or law or the Administrator otherwise provides, such leave is for a period of not more than three months. In the case of

any employee of the Company or one of its Subsidiaries on an approved leave of absence, continued vesting of the award while on leave

from the employ of the Company or one of its Subsidiaries may be suspended until the employee returns to service, unless the Administrator

otherwise provides or applicable law otherwise requires. In no event shall an award be exercised after the expiration of the term set

forth in the applicable award agreement.

6.3 Effect of Change of Subsidiary Status. For purposes of this Plan and any award, if an entity ceases to be a Subsidiary

of the Company a termination of employment or service shall be deemed to have occurred with respect to each Eligible Person in respect

of such Subsidiary who does not continue as an Eligible Person in respect of the Company or another Subsidiary that continues as such

after giving effect to the transaction or other event giving rise to the change in status, unless the Subsidiary that is sold, spun off

or otherwise divested (or its successor or a direct or indirect parent of such Subsidiary or successor) assumes the Eligible Person’s

award(s) in connection with the transaction.

7. ADJUSTMENTS; ACCELERATION

7.1 Adjustments. Subject to Section 7.2, upon (or, as may be necessary to effect the adjustment, immediately prior

to): any reclassification, recapitalization, share split (including a share split in the form of a share dividend) or reverse share split;

any merger, combination, consolidation, or other reorganization; any spin-off, split-up, or similar extraordinary dividend distribution

in respect of the Ordinary Shares; or any exchange of Ordinary Shares or other securities of the Company, or any similar, unusual or extraordinary

corporate transaction in respect of the Ordinary Shares; then the Administrator shall equitably and proportionately adjust (1) the

number and type of Ordinary Shares (or other securities) that thereafter may be made the subject of awards (including the specific share

limits, maximums and numbers of shares set forth elsewhere in this Plan), (2) the number, amount and type of Ordinary Shares (or

other securities or property) subject to any outstanding awards, (3) the grant, purchase, or exercise price (which term includes

the base price of any SAR or similar right) of any outstanding awards, and/or (4) the securities, cash or other property deliverable

upon exercise or payment of any outstanding awards, in each case to the extent necessary to preserve (but not increase) the level of incentives

intended by this Plan and the then-outstanding awards.

Unless otherwise expressly provided in the applicable award

agreement, upon (or, as may be necessary to effect the adjustment, immediately prior to) any event or transaction described in the preceding

paragraph or a sale of all or substantially all of the business or assets of the Company as an entirety, the Administrator shall equitably

and proportionately adjust the performance standards applicable to any then-outstanding performance-based awards to the extent necessary

to preserve (but not increase) the level of incentives intended by this Plan and the then-outstanding performance-based awards.

It is intended that, if possible, any adjustments contemplated

by the preceding two paragraphs be made in a manner that satisfies applicable U.S. legal, tax (including, without limitation and as applicable

in the circumstances, Section 424 of the Code, Section 409A and Section 457A of the Code and accounting (so as to not trigger

any charge to earnings with respect to such adjustment) requirements.

Without limiting the generality of Section 3.3, any

good faith determination by the Administrator as to whether an adjustment is required in the circumstances pursuant to this Section 7.1,

and the extent and nature of any such adjustment, shall be conclusive and binding on all persons.

7.2 Corporate Transactions — Assumption and Termination of Awards. Upon the occurrence of any of the

following: any merger, combination, consolidation, or other reorganization in connection with which the Company does not survive (or does

not survive as a public company in respect of its Ordinary Shares); any exchange of Ordinary Shares or other securities of the Company

in connection with which the Company does not survive (or does not survive as a public company in respect of its Ordinary Shares); a sale

of all or substantially all the business, shares or assets of the Company in connection with which the Company does not survive (or does

not survive as a public company in respect of its Ordinary Shares); a dissolution of the Company; or any other event in which the Company

does not survive (or does not survive as a public company in respect of its Ordinary Shares); then the Administrator may make provision

for a cash payment in settlement of, or for the assumption, substitution or exchange of any or all outstanding share-based awards or the

cash, securities or property deliverable to the holder of any or all outstanding share-based awards, based upon, to the extent relevant

under the circumstances, the distribution or consideration payable to holders of the Ordinary Shares upon or in respect of such event.

Upon the occurrence of any event described in the preceding sentence, then, unless the Administrator has made a provision for the substitution,

assumption, exchange or other continuation or settlement of the award or the award would otherwise continue in accordance with its terms

in the circumstances: (1) unless otherwise provided in the applicable award agreement, each then-outstanding option and SAR shall

become fully vested, all restricted shares then outstanding shall fully vest free of restrictions, and each other award granted under

this Plan that is then outstanding shall become payable to the holder of such award; and (2) each award shall terminate upon the

related event; provided that the holder of an option or SAR shall be given reasonable advance notice of the impending termination and

a reasonable opportunity to exercise his or her outstanding vested options and SARs (after giving effect to any accelerated vesting required

in the circumstances) in accordance with their terms before the termination of such awards (except that in no case shall more than ten

days’ notice of the impending termination be required and any acceleration of vesting and any exercise of any portion of an award

that is so accelerated may be made contingent upon the actual occurrence of the event).

Without limiting the preceding paragraph, in connection

with any event referred to in the preceding paragraph or any change in control event defined in any applicable award agreement, the Administrator

may, in its discretion, provide for the accelerated vesting of any award or awards as and to the extent determined by the Administrator

in the circumstances.

The Administrator may adopt such valuation methodologies

for outstanding awards as it deems reasonable in the event of a cash or property settlement and, in the case of options, SARs or similar

rights, but without limitation on other methodologies, may base such settlement solely upon the excess if any of the per share amount

payable upon or in respect of such event over the exercise or base price of the award.

In any of the events referred to in this Section 7.2,

the Administrator may take such action contemplated by this Section 7.2 prior to such event (as opposed to on the occurrence of such

event) to the extent that the Administrator deems the action necessary to permit the participant to realize the benefits intended to be

conveyed with respect to the underlying shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration

and/or termination to occur immediately prior to the applicable event and, in such circumstances, will reinstate the original terms of

the award if an event giving rise to an acceleration and/or termination does not occur.

Without limiting the generality of Section 3.3, any

good faith determination by the Administrator pursuant to its authority under this Section 7.2 shall be conclusive and binding on

all persons.

7.3 Other Acceleration Rules. The Administrator may override the provisions of Section 7.2 by express provision in

the award agreement and may accord any Eligible Person a right to refuse any acceleration, whether pursuant to the award agreement or

otherwise, in such circumstances as the Administrator may approve. The portion of any ISO accelerated in connection with an event referred

to in Section 7.2 (or such other circumstances as may trigger accelerated vesting of the award) shall remain exercisable as an ISO

only to the extent the applicable $100,000 limitation on ISOs is not exceeded. To the extent exceeded, the accelerated portion of the

option shall be exercisable as a nonqualified option under the Code.

7.4 Discretion to Accelerate. The Administrator shall have the discretion to accelerate the vesting of any award in circumstances

it determines to be appropriate (whether in connection with a transaction, termination of employment or for any other reason).

8. OTHER PROVISIONS

8.1 Compliance with Laws. This Plan, the granting and vesting of awards under this Plan, the offer, issuance and delivery

of Ordinary Shares, and/or the payment of money under this Plan or under awards are subject to compliance with all applicable laws, rules and

regulations (including but not limited to state and federal securities law and federal margin requirements) and to such approvals by any

listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection

therewith. The person acquiring any securities under this Plan will, if requested by the Company or one of its Subsidiaries, provide such

assurances and representations to the Company or one of its Subsidiaries as the Administrator may deem necessary or desirable to assure

compliance with all applicable legal and accounting requirements.

8.2 No Rights to Award. No person shall have any claim or rights to be granted an award (or additional awards, as the case

may be) under this Plan, subject to any express contractual rights (set forth in a document other than this Plan) to the contrary.

8.3 No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or in any

award) shall confer upon any Eligible Person or other participant any right to continue in the employ or other service of the Company

or one of its Subsidiaries, constitute any contract or agreement of employment or other service or affect an employee’s status as

an employee at will, nor shall interfere in any way with the right of the Company or one of its Subsidiaries to change a person’s

compensation or other benefits, or to terminate his or her employment or other service, with or without cause. Nothing in this Section 8.3,

however, is intended to adversely affect any express independent right of such person under a separate employment or service contract

other than an award agreement.

8.4 Plan Not Funded. Awards payable under this Plan shall be payable in shares or from the general assets of the Company,

and no special or separate reserve, fund or deposit shall be made to assure payment of such awards. No participant, beneficiary or other

person shall have any right, title or interest in any fund or in any specific asset (including Ordinary Shares, except as expressly otherwise

provided) of the Company or one of its Subsidiaries by reason of any award hereunder. Neither the provisions of this Plan (or of any related

documents), nor the creation or adoption of this Plan, nor any action taken pursuant to the provisions of this Plan shall create, or be

construed to create, a trust of any kind or a fiduciary relationship between the Company or one of its Subsidiaries and any participant,

beneficiary or other person. To the extent that a participant, beneficiary or other person acquires a right to receive payment pursuant

to any award hereunder, such right shall be no greater than the right of any unsecured general creditor of the Company.

8.5 Tax Withholding. Upon any exercise, vesting, or payment of any award, or upon the disposition of Ordinary Shares acquired

pursuant to the exercise of an ISO prior to satisfaction of the holding period requirements of Section 422 of the Code, or upon any

other tax withholding event with respect to any award, the Company or one of its Subsidiaries shall have the right at its option to:

(a) require the participant (or the participant’s personal representative or beneficiary, as the case may be) to pay or provide

for payment of any applicable amount of any taxes which the Company or one of its Subsidiaries may be required or permitted to withhold

with respect to such award event or payment; or

(b) deduct from any amount otherwise payable in cash (whether related to the award or otherwise) to the participant (or the participant’s

personal representative or beneficiary, as the case may be) any applicable amount of any taxes which the Company or one of its Subsidiaries

may be required or permitted to withhold with respect to such award event or payment.

In any case where a tax is required to be withheld in connection

with the delivery of Ordinary Shares under this Plan, the Administrator may in its sole discretion (subject to Section 8.1) require

or grant (either at the time of the award or thereafter) to the participant the right to elect, pursuant to such rules and subject

to such conditions as the Administrator may establish, that the Company reduce the number of shares to be delivered by (or otherwise reacquire)

the appropriate number of shares, valued in a consistent manner at their fair market value or at the sales price in accordance with authorized

procedures for cashless exercises, necessary to satisfy any applicable withholding obligation on exercise, vesting or payment.

8.6 Effective Date, Termination and Suspension, Amendments.

8.6.1 Effective Date. This Plan

was originally effective as of January 7, 2013, the date of its original approval by the Board (the “Effective Date”).

This amended version of this Plan is effective as of February 9, 2026, the date this amended version of this Plan was approved by

the Board (the “Amendment Date”). This Plan shall be submitted for and subject to shareholder approval no later than

twelve months after the Amendment Date. Unless earlier terminated by the Board and subject to any extension that may be approved

by shareholders, this Plan shall terminate at the close of business on the day before the tenth anniversary of the Amendment Date. After

the termination of this Plan either upon such stated expiration date or its earlier termination by the Board, no additional awards may

be granted under this Plan, but previously granted awards (and the authority of the Administrator with respect thereto, including the

authority to amend such awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions

of this Plan.

8.6.2 Board Authorization. The

Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in part. No awards may be granted

during any period that the Board suspends this Plan.

8.6.3 Shareholder Approval. To

the extent then required by applicable law or any applicable listing agency or required under Sections 422 or 424 of the Code to

preserve the intended tax consequences of this Plan, or deemed necessary or advisable by the Board, any amendment to this Plan shall be

subject to shareholder approval.

8.6.4 Amendments to Awards. Without

limiting any other express authority of the Administrator under (but subject to) the express limits of this Plan, the Administrator by

agreement or resolution may waive conditions of or limitations on awards to participants that the Administrator in the prior exercise

of its discretion has imposed, without the consent of a participant, and (subject to the requirements of Sections 3.2 and 8.6.5)

may make other changes to the terms and conditions of awards. Any amendment or other action that would constitute a repricing of an award

is subject to the limitations set forth in Section 3.2.

8.6.5 Limitations on Amendments to Plan

and Awards. No amendment, suspension or termination of this Plan or amendment of any outstanding award agreement shall, without

written consent of the participant, affect in any manner materially adverse to the participant any rights or benefits of the participant

or obligations of the Company under any award granted under this Plan prior to the effective date of such change. Changes, settlements

and other actions contemplated by Section 7 shall not be deemed to constitute changes or amendments for purposes of this Section 8.6.

8.7 Privileges of Share Ownership. Except as otherwise expressly authorized by the Administrator, a participant shall not

be entitled to any privilege of share ownership as to any Ordinary Shares not actually delivered to and held of record by the participant.

Except as expressly required by Section 7.1 or otherwise expressly provided by the Administrator, no adjustment will be made for

dividends or other rights as a shareholder for which a record date is prior to such date of delivery.

8.8 Governing Law; Construction; Severability.

8.8.1 Choice of Law. This Plan,

the awards, all documents evidencing awards and all other related documents shall be governed by, and construed in accordance with the

laws of Bermuda.

8.8.2 Severability. If a court

of competent jurisdiction holds any provision invalid and unenforceable, the remaining provisions of this Plan shall continue in effect.

8.8.3 Plan Construction.

(a) Rule 16b-3. It is the intent of the Company

that the awards and transactions permitted by awards be interpreted in a manner that, in the case of participants who are or may be subject

to Section 16 of the Exchange Act, qualify, to the maximum extent compatible with the express terms of the award, for exemption from

matching liability under Rule 16b-3 promulgated under the Exchange Act. Notwithstanding the foregoing, the Company shall have no

liability to any participant for Section 16 consequences of awards or events under awards if an award or event does not so qualify.

8.9 Captions. Captions and headings are given to the sections and subsections of this Plan solely as a convenience to facilitate

reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Plan or any

provision thereof.

8.10 Share-Based Awards in Substitution for Options or Awards Granted by Other Company. Awards may be granted to Eligible

Persons in substitution for or in connection with an assumption of employee options, SARs, restricted shares or other share-based awards

granted by other entities to persons who are or who will become Eligible Persons in respect of the Company or one of its Subsidiaries,

in connection with a distribution, merger or other reorganization by or with the granting entity or an affiliated entity, or the acquisition

by the Company or one of its Subsidiaries, directly or indirectly, of all or a substantial part of the shares or assets of the employing

entity. The awards so granted need not comply with other specific terms of this Plan, provided the awards reflect only adjustments giving

effect to the assumption or substitution consistent with the conversion applicable to the Ordinary Shares in the transaction and any change

in the issuer of the security. Any shares that are delivered and any awards that are granted by, or become obligations of, the Company,

as a result of the assumption by the Company of, or in substitution for, outstanding awards previously granted by an acquired company

(or previously granted by a predecessor employer (or direct or indirect parent thereof) in the case of persons that become employed by

the Company or one of its Subsidiaries in connection with a business or asset acquisition or similar transaction) shall not be counted

against the Share Limit or other limits on the number of shares available for issuance under this Plan.

8.11 Non-Exclusivity of Plan. Nothing in this Plan shall limit or be deemed to limit the authority of the Board or the Administrator

to grant awards or authorize any other compensation, with or without reference to Ordinary Shares, under any other plan or authority.

8.12 No Corporate Action Restriction. The existence of this Plan, the award agreements and the awards granted hereunder shall

not limit, affect or restrict in any way the right or power of the Board or the shareholders of the Company to make or authorize: (a) any

adjustment, recapitalization, reorganization or other change in the capital structure or business of the Company or any Subsidiary, (b) any

merger, amalgamation, consolidation or change in the ownership of the Company or any Subsidiary, (c) any issue of bonds, debentures,

capital, preferred or prior preference shares ahead of or affecting the capital shares (or the rights thereof) of the Company or any Subsidiary,

(d) any dissolution or liquidation of the Company or any Subsidiary, (e) any sale or transfer of all or any part of the assets

or business of the Company or any Subsidiary, or (f) any other corporate act or proceeding by the Company or any Subsidiary. No participant,

beneficiary or any other person shall have any claim under any award or award agreement against any member of the Board or the Administrator,

or the Company or any employees, officers or agents of the Company or any Subsidiary, as a result of any such action.

8.13 Other Company Benefit and Compensation Programs. Payments and other benefits received by a participant under an award

made pursuant to this Plan shall not be deemed a part of a participant’s compensation for purposes of the determination of benefits

under any other employee welfare or benefit plans or arrangements, if any, provided by the Company or any Subsidiary, except where the

Administrator expressly otherwise provides or authorizes in writing. Awards under this Plan may be made in addition to, in combination

with, as alternatives to or in payment of grants, awards or commitments under any other plans or arrangements of the Company or its Subsidiaries.

8.14 Clawback Policy. The awards granted under this Plan are subject to the terms of the Company’s recoupment, clawback

or similar policy as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in

certain circumstances require repayment or forfeiture of awards or any Ordinary Shares or other cash or property received with respect

to the awards (including any value received from a disposition of the shares acquired upon payment of the awards).

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Code for the postal or zip code

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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-Name Exchange Act

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Indicate if registrant meets the emerging growth company criteria.

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-Name Exchange Act

-Number 240

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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-Name Exchange Act

-Number 240

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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-Section 425

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