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14. MODIFICATIONS TO THE SCHEME
APPENDIX B
Any or all of the provisions of the Scheme may be modified and/or altered at any time and
from time to time by resolution of the Committee, save that:-
(a) any modification which materially and adversely alters the rights attaching to any Option
granted prior to such modifications or alterations may only be made with the consent of
such number of Participants who, if they exercised their Options in full, would thereby
become entitled to not less than three-quarters in nominal amount of all the Ordinary
Shares which would fall to be allotted upon exercise in full of all outstanding Options; and
(b) any modification or alteration which would be to the advantage of the Participants under
the Scheme shall be subject to the prior approval of the Company’s shareholders in general
meeting.
For the purpose of Rule 14, the opinion of the Committee as to whether any modification or
alteration would materially and adversely alter the rights attaching to any Option shall be final
and conclusive.
15. TERMS OF EMPLOYMENT UNAFFECTED
The terms of employment of a Participant (being an Employee) shall not be affected by his
participation in the Scheme, which shall neither form part of such terms nor entitle him to take
into account such participation in calculating any compensation or damages on the termination
of his employment for any reason.
16. DURATION OF THE SCHEME
16.1 The duration of the Scheme shall commence on the Adoption Date and shall terminate on the
Listing Date or the Long-Stop Date, whichever is the earlier. On the termination of the Scheme,
no further Options shall be granted by the Company pursuant to the Scheme.
16.2 In the event that the Listing Date occurs on or before the Long-Stop Date, the termination of
the Scheme on the Listing Date shall not affect any Options, or prejudice the rights of the
Participants in respect of Options, which have been granted and accepted before the Listing
Date. In the event that the Listing Date does not occur on or before the Long-Stop Date, all
Options which have been granted and accepted before the termination of the Scheme on the
Long-Stop Date shall be cancelled in accordance with Rule 6.
17. TAXES
All taxes (including income tax) arising from the cancellation of any Option and the payment of
the Surrender Value or, as the case may be, the Cancellation Value in respect thereof or from
the exercise of any Option granted to any Participant under the Scheme shall be borne by that
Participant.
18. COSTS AND EXPENSES OF THE SCHEME
18.1 Each Participant shall be responsible for all fees of CDP relating to or in connection with the
issue and allotment of any Ordinary Shares pursuant to the exercise of any Option in CDP’s
name, the deposit of share certificate(s) with CDP, the Participant’s securities account with
CDP, or the Participant’s securities sub-account with a Depository Agent or CPF investment
account with a CPF agent bank.
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