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In July 2020, ArborGen Holdings entered into Conditional Restricted Share Unit Agreements (RSU Agreement) with certain employees entitling them to receive ArborGen RSUs subject to the ArborGen group's achievement of certain financial performance hurdles in accordance with the ArborGen 2021 LTI Plan. Any RSUs awarded under the RSU Agreement will vest as ARB Ordinary Shares in three equal tranches on three separate vesting dates, provided that the holder of the RSU remains employed by the ArborGen group on the applicable vesting date. Entry into the RSU Agreement was conditional upon cancellation of all prior incentive stock options granted to any employee. Please refer to page 45 of the ArborGen Holdings 2020 Annual Report for further detail. End CA:00357071 For:ARB Type:SHINTR Time:2020-07-29 11:04:19