Common use of Treas Clause in Contracts

Treas. Reg. Section 1.83-3(l)) and the fair market value as of the Grant Date shall both be equal to $0. THIS AWARD AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE CAYMAN ISLANDS. Any dispute, controversy or claim arising out of or in connection with this Award Agreement will be subject to the dispute resolution provisions set forth in Section 10.11 of the LPA, which are hereby incorporated by reference as if fully set forth herein and the parties to this Award Agreement agree to be bound by such procedures. This Award Agreement and the LPA constitute the entire agreement among the parties with respect to the subject matter hereof and supersede any prior agreement or understanding among them with respect to such subject matter. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall constitute a single agreement. To memorialize your understanding of, and agreement to, the terms of this Award Agreement, please sign below. Sincerely, BURFORD CAPITAL 2025 LP By: ▇▇▇▇▇▇▇ INVESTMENTS LTD, its General Partner By: /s/ ▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇▇▇▇ Title: Director ACKNOWLEDGED AND AGREED: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ 1.1 Definitions 1 1.2 Name and Registered Office 8 1.3 Purposes 8 1.4 Term 8 1.5 Fiscal Year 8 1.6 Powers 8 1.7 Specific Authorization 9 1.8 Withdrawal of Initial Limited Partner 10 1.9 Admission of Limited Partners 10 1.10 Register 10

Treas. Reg. Section 1.83-3(l)) and the fair market value as of the Grant Date shall both be equal to $0. THIS AWARD AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE CAYMAN ISLANDS. Any dispute, controversy or claim arising out of or in connection with this Award Agreement will be subject to the dispute resolution provisions set forth in Section 10.11 of the LPA, which are hereby incorporated by reference as if fully set forth herein and the parties to this Award Agreement agree to be bound by such procedures. This Award Agreement and the LPA constitute the entire agreement among the parties with respect to the subject matter hereof and supersede any prior agreement or understanding among them with respect to such subject matter. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall constitute a single agreement. To memorialize your understanding of, and agreement to, the terms of this Award Agreement, please sign below. Sincerely, BURFORD CAPITAL 2025 LP By: ▇▇▇▇▇▇▇ INVESTMENTS LTD, its General Partner By: /s/ ▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇▇▇▇ Title: Director ACKNOWLEDGED AND AGREED: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ 1.1 Definitions 1 1.2 Name and Registered Office 8 1.3 Purposes 8 1.4 Term 8 1.5 Fiscal Year 8 1.6 Powers 8 1.7 Specific Authorization 9 1.8 Withdrawal of Initial Limited Partner 10 1.9 Admission of Limited Partners 10 1.10 Register 10

Treas. Reg. Section 1.83-3(l)) and the fair market value as of the Grant Date shall both be equal to $0. THIS AWARD AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE CAYMAN ISLANDS. Any dispute, controversy or claim arising out of or in connection with this Award Agreement will be subject to the dispute resolution provisions set forth in Section 10.11 of the LPA, which are hereby incorporated by reference as if fully set forth herein and the parties to this Award Agreement agree to be bound by such procedures. This Award Agreement and the LPA constitute the entire agreement among the parties with respect to the subject matter hereof and supersede any prior agreement or understanding among them with respect to such subject matter. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which taken together shall constitute a single agreement. To memorialize your understanding of, and agreement to, the terms of this Award Agreement, please sign below. Sincerely, BURFORD CAPITAL 2025 LP By: ▇▇▇▇▇▇▇ INVESTMENTS LTD, its General Partner By: /s/ ▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇▇▇▇ Title: Director ACKNOWLEDGED AND AGREED: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ’▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ’▇▇▇▇▇▇▇ 1.1 Definitions 1 1.2 Name and Registered Office 8 1.3 Purposes 8 1.4 Term 8 1.5 Fiscal Year 8 1.6 Powers 8 1.7 Specific Authorization 9 1.8 Withdrawal of Initial Limited Partner 10 1.9 Admission of Limited Partners 10 1.10 Register 10