BUNGE LIMITED GLOBAL STOCK OPTION AGREEMENT

Exhibit 10.32

▇▇▇▇▇ LIMITED

2016 EQUITY INCENTIVE PLAN

GLOBAL STOCK OPTION AGREEMENT

1.                                      General.  Unless otherwise defined herein, the terms defined in the ▇▇▇▇▇ Limited 2016 Equity Incentive Plan (the “Plan”) shall have the same defined meanings in this Global Stock Option Agreement and any terms and conditions applicable to the country included in the Country-Specific Appendix (if any) attached hereto as Exhibit A (the “Appendix”) (collectively, this “Agreement”).  The Plan, which is incorporated by reference, and this Agreement constitute the entire understanding and agreement between you and ▇▇▇▇▇ Limited (the “Company”) regarding the number of Nonqualified Stock Options (the “Option”) specified in your account.

2.                                      Grant of Option.  Subject to the terms and conditions of the Plan and this Agreement, effective as of the date specified in your account (the “Date of Grant”), the Company grants you the Option, at the exercise price per Share specified in your account (the “Exercise Price”).  Each Option shall entitle you to purchase one Share subject to your satisfaction of the terms and conditions of the Plan and this Agreement.

3.                                      Vesting of Options.  Subject to the terms and conditions of the Plan and this Agreement, the Option shall vest as to [       ] of the Shares subject to the Option on each of the first [     ] anniversaries of the Date of Grant (each, a “Vesting Date”), provided that you remain continuously employed by the Company or a Subsidiary on the applicable Vesting Date.  Any fractional Shares subject to the Option resulting from the application of the vesting schedule will be aggregated and will become exercisable on the first Vesting Date.

4.                                      Exercise of the Option.

4.1                               Right to Exercise.  Subject to the terms and conditions of the Plan and this Agreement, the Option is exercisable during its term in accordance with the vesting schedule set forth in Section 3 above.

4.2                               Method of Exercise.  This Option may be exercised with respect to all or any part of any vested Shares by providing the Company, or the third-party stock option plan administrator designated by the Company, written or electronic notice of such exercise, in the form designated by the Company or the Company’s designated third-party stock option plan administrator, specifying the number of Shares as to which the Option is exercised and accompanied by payment of the aggregate Exercise Price as to all exercised Shares.  The Option shall be deemed exercised upon receipt of a properly executed exercise notice accompanied by payment of the aggregate Exercise Price.

No Shares shall be issued pursuant to the exercise of the Option (nor will you have the rights of a shareholder with respect to the Shares) unless such issuance and exercise complies with all applicable laws.  Assuming such compliance, for income tax purposes the exercised Shares shall be considered transferred to you on the date the Option is exercised with respect to such exercised Shares.

4.3                               Payment of Exercise Price.  Subject to prior approval by the Committee in its discretion, payment of the aggregate Exercise Price may be by any of the following methods, or a combination thereof:

(i)                                     cash;

(ii)                                  check;

(iii)                               tendering previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the Exercise Price;

(iv)                              net share settlement or similar procedure involving the cancellation of a portion of the Option representing Shares with an aggregate Fair Market Value at the time of exercise equal to the Exercise Price; or

(v)                                 delivery of a properly executed exercise notice together with such other documentation as the Committee and a broker, if applicable, shall require to effect a “cashless” exercise of the Option and delivery to the Company of the sale proceeds required to pay the Exercise Price.

5.                                      Term of the Option.  Subject to the terms and conditions of the Plan and this Agreement, the Option shall be exercisable until the tenth anniversary of the Date of Grant (the “Expiration Date”).  Notwithstanding any provision in the Plan or this Agreement to the contrary, any portion of the Option that has not been exercised by 4:00 p.m. (New York City time) on the Expiration Date shall expire and be automatically cancelled.

6.                                      Effect of Termination of Employment.

6.1                               Termination of Employment for Cause; Breach of Restrictive Covenant.  If your employment with the Company or a Subsidiary is terminated for Cause, or you breach any of the provisions set forth in Section 8 of this Agreement, any Shares subject to the Option (whether or not vested) will immediately be cancelled and forfeited without payment.

6.2                               Resignation of Employment for any Reason.  If you resign your employment with the Company or a Subsidiary for any reason, the unvested portion of the Option will immediately be cancelled and forfeited without payment; provided, that you may exercise the vested portion of the Option, but only within such period of time ending on the earlier of (x) ninety (90) days following the date of your termination of employment or (b) the Expiration Date.

6.3                               Termination of Employment without Cause.  If your employment with the Company or a Subsidiary is terminated without Cause, the unvested portion of the Option will vest on a pro rata basis.  The pro rata calculation will be determined by multiplying (x) the number of Shares subject to the Option on the Date of Grant, by (y) a fraction, with a numerator equal to the number of days from the Date of Grant through the date of your termination of employment, and a denominator equal to the number of days from the Date of Grant through the last Vesting Date, minus (z) the number of Shares subject to the Option that vested prior to the date of your termination of employment in accordance with the vesting schedule in Section 3 above.  Fractional shares shall be disregarded.  You may exercise the vested portion of the Option, but

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only within such period of time ending on the earlier of (i) ninety (90) days following the date of your termination of employment or (ii) the Expiration Date.

6.4                               Termination of Employment on Account of Disability; death or Retirement.  If your employment with the Company or a Subsidiary is terminated on account of death, Disability or Retirement (for purposes of this Agreement, defined as your termination of employment after attaining (i) age 65 or (ii) age 55 with ten (10) years of completed service with the Company or a Subsidiary), the unvested portion of the Option will vest on a pro rata basis.  The pro rata calculation will be determined by multiplying (x) the number of Shares subject to the Option on the Date of Grant, by (y) a fraction, with a numerator equal to the number of days from the Date of Grant through the date of your termination of employment, and a denominator equal to the number of days from the Date of Grant through the last Vesting Date, minus (z) the number of Shares subject to the Option that vested prior to the date of your termination of employment in accordance with the vesting schedule in Section 3 above.  Fractional shares shall be disregarded.  You may exercise the vested portion of the Option, but only within such period of time ending on the earlier of (i) the thirty six (36) month anniversary of the date of your termination of employment or (ii) the Expiration Date.

6.5                               Termination of Employment without Cause following a Change of Control.  Unless specifically prohibited by the Plan or unless the Committee provides otherwise prior to a Change of Control, upon the occurrence of a Change of Control and a termination of your employment with the Company or a Subsidiary without Cause on or before the second anniversary of the occurrence of a Change of Control, the unvested portion of your Option will vest in full and become immediately exercisable.

7.                                      Tax Withholding.

7.1                               You acknowledge and agree the Company may refuse to issue or deliver Shares or the proceeds from the sale of Shares to you until satisfactory arrangements (as determined by the Company) have been made for the payment of income, employment, social insurance, payroll tax, fringe benefit tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you, including, without limitation, in connection with the grant, vesting and exercise of the Option, the subsequent sale of the Shares acquired upon the exercise of the Option and/or the receipt of any dividends upon such Shares (“Tax-Related Items”) that the Company determines must be withheld.  If you are a non-U.S. employee, the method of payment of Tax-Related Items may be restricted by the Appendix.

7.2                               The Company has the right (but not the obligation) to satisfy any Tax-Related Items by (i) withholding from proceeds of the sale of Shares acquired upon exercise of the Option through a sale arranged by the Company (on your behalf pursuant to this authorization without further consent), (ii) requiring you to pay cash, (iii) withholding from any wages or other cash compensation payable to you by the Company or your employer (the “Employer”), and (iv) reducing the number of Shares otherwise deliverable to you.  The Company will have discretion to determine the method of satisfying Tax-Related Items.  In this regard, you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any applicable withholding obligations with regard to all Tax-Related Items by one or a combination of the aforementioned withholding methods.  Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable

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rates, in which case you will receive a refund of any over-withheld amount in cash and with no entitlement to the Share equivalent or if not refunded, you may seek a refund from the local tax authorities.  If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the exercised Option, notwithstanding that a number of the Shares are held back solely for the purposed of paying the Tax -Related Items.

7.3                               If you are subject to taxation in more than one jurisdiction, you acknowledge that the Company and/or, if different, your current or former Employer may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

7.4                               Regardless of any action of the Company or the Employer, you acknowledge that the ultimate liability for all Tax-Related Items is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer.  You further acknowledge that the Company and the Employer (x) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option; and (y) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result.

8.                                      Restricted Covenants.

8.1                               Confidentiality.  You acknowledge and agree with the Company that you shall not at any time, except in the performance of your obligations to the Company or with the prior written consent of the Company, directly or indirectly, reveal to any person, entity or other organization (other than the Company, its parent companies and subsidiaries (individually and as a group, the “Bunge Group”) or use for your own benefit any information deemed to be confidential by any member of the Bunge Group (“Confidential Information”) relating to the assets, liabilities, employees, goodwill, business or affairs of any member of the Bunge Group, including, without limitation, any information concerning past, present or prospective customers, manufacturing processes, marketing data, financial or commercial information, business plans or other Confidential Information used by, or useful to, any member of the Bunge Group and known to you by reason of your employment by, shareholdings in or other association with any member of the Bunge Group.  You further agree that you shall retain all copies and extracts of any written Confidential Information acquired or developed by you during any such employment, shareholding or association in trust for the sole benefit of the Bunge Group and its successors and assigns.  You further agree that you shall not, without the prior written consent of the Company, remove or take from the Bunge Group’s premises (or, if previously removed or taken, you shall, at the Company’s request, promptly return) any written Confidential Information or any copies or extracts thereof.  Upon the request and at the expense of the Company, you shall promptly make all disclosures, execute all instruments and papers and perform all acts reasonably necessary to vest and confirm in the Bunge Group, fully and completely, all rights created or contemplated by this Section 8.1.  The term “Confidential Information” shall not include information that is or becomes generally available to the public other than as a result of a disclosure by you, or at your direction.

8.2                               No Competing Employment.  You agree with the Company that, for so long as you are employed by the Bunge Group and continuing until the last day of the twelfth month following your termination of employment for any reason (such period to be referred to as the “Restricted Period”), you shall not, without the prior written consent of the Company, directly or indirectly, and whether as principal or investor or as an employee, officer, director, manager, partner,

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consultant, agent or otherwise, alone or in association with any other person, firm, corporation or other business organization, engage in a business competitive to that of the Bunge Group; provided, however, that nothing herein shall limit your right to own not more than 5% of any of the debt or equity securities of any business organization that is then filing reports with the U.S. Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Exchange Act.  The Restricted Period shall be extended by the length of any period during which you are in breach of any of the terms of this Section 8.

8.3                               Restrictions on Solicitation.  During the Restricted Period, you agree with the Company that you shall not in any way, directly or indirectly (except in the course of your employment with the Company), (x) call upon, solicit, advise or otherwise do, or attempt to do, business with any person who is, or was, during the then most recent 12-month period, a customer of any member of the Bunge Group (or any other entity that you know is a potential customer with respect to specific products of the Bunge Group and with which you have had contact during the period of your employment with the Bunge Group), for purposes of competing with the Bunge Group, (y) take away or interfere or attempt to take away or interfere with any custom, trade or business of any member of the Bunge Group, or (z) interfere with or attempt to interfere with any person who is, or was during the then most recent 12-month period, an employee, officer, representative or agent of any member of the Bunge Group, or hire, solicit, induce or attempt to solicit or induce any of them to terminate their service with any member of the Bunge Group or violate the terms of their contracts or any employment arrangements, with any member of the Bunge Group.  The Restricted Period shall be extended by the length of any period during which you are in breach of any of the terms of this Section 8.

8.4                               Application of Covenants.  The activities described in this Section 8 shall be prohibited regardless of whether undertaken by you in an individual or representative capacity, and regardless of whether performed for your own account or for the account of any other individual, partnership, firm, corporation or other business organization (other than the Company).

8.5                               Injunctive Relief.  Without limiting the remedies available to the Company, you acknowledge that a breach of any of the covenants contained in this Section 8 may result in irreparable injury to the Company for which there is no adequate remedy at law, that it shall not be possible to measure damages for such injuries precisely and that, in the event of such a breach or threat thereof, the Company shall be entitled to seek a temporary restraining order or a preliminary or permanent injunction restraining you from engaging in activities prohibited by this Section 8 or such other relief as may be required to specifically enforce any of the covenants in this Section 8.

9.                                      Acknowledgements and Agreements.  You agree, accept and acknowledge the following:

(a)                                 THE OPTIONS AND THIS AGREEMENT DO NOT CREATE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED EMPLOYMENT FOR ANY PERIOD, AND WILL NOT INTERFERE IN ANY WAY WITH YOUR RIGHT OR THE RIGHT OF THE COMPANY OR THE EMPLOYER TO TERMINATE YOUR EMPLOYMENT AT ANY TIME, WITH OR WITHOUT CAUSE.

(b)                                 The delivery of the Plan, this Agreement, the Plan’s prospectus and any reports of the Company provided generally to the Company’s shareholders, may be made by electronic delivery.  Such means of electronic delivery may include but do not necessarily include the delivery of a link to a Company intranet or the Internet site of a third party involved in administering the Plan, the delivery of

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the document via e-mail or such other means of electronic delivery specified by the Company.  By electronically accepting this Agreement, you agree to the following: “This electronic contract contains my electronic signature, which I have executed with the intent to sign this Agreement.”

(c)                                  All decisions or interpretations of the Committee or the Company regarding the Plan, this Agreement and the Option shall be binding, conclusive and final on you and all other interested persons.

(d)                                 The Plan is established voluntarily by the Company, it is discretionary in nature, and may be modified, amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan.

(e)                                  The grant of the Option is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of Options, or benefits in lieu of Options, even if Options have been granted in the past.

(f)                                   All decisions regarding future Awards, if any, will be at the discretion of the Company.

(g)                                  You are voluntarily participating in the Plan.

(h)                                 The Option and any Shares acquired upon exercise of the Option, and the income from and value of same, are not intended to replace any pension rights or compensation.

(i)                                     The Option and any Shares acquired upon exercise of the Option, and the income and value of same, are not part of normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits or similar payments.

(j)                                    Unless otherwise agreed with the Company in writing, the Options and any Shares acquired upon exercise of the Options, and the income from and value of same, are not granted as consideration for, or in connection with, the service you may provide as a director of a Subsidiary.

(k)                                 For purposes of the Option, your employment will be considered terminated as of the date you cease to actively provide services to the Company, the Employer or any member of the Bunge Group (regardless of the reason for such termination and whether or not the termination is later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any).  The Committee shall have the exclusive discretion to determine when you are no longer actively providing services for the purpose of your Option grant (including whether you may still be considered to be providing services while on a leave of absence).

(l)                                     Unless otherwise expressly provided in this Agreement or determined by the Company, any  right to vest in the Option will terminate as of the date described in the previous paragraph and will not be extended by any notice period (e.g., your period of service would not include any contractual notice period, period of pay in lieu of such notice, or any period of “garden leave” or similar period mandated under applicable law).

(m)                             The future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with certainty.

(n)                                 If the underlying Shares do not increase in value, the Options will have no value.

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(o)                                 If you exercise the Options and acquire Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price.

(p)                                 No claim or entitlement to compensation or damages shall arise from forfeiture of the Options resulting from the termination of your employment or other service relationship (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any).

(q)                                 The following provisions apply if you are providing services outside the U.S.:

(i).                                  The Options and any Shares acquired upon exercise of the Options, and the income from and value of same, are not part of normal or expected compensation or salary for any purpose.

(ii).                               None of the Company, the Employer, or any member of the Bunge Group will be liable for any foreign exchange rate fluctuation between your local currency and the U.S. Dollar that may affect the value of the Option or of any amounts due to you pursuant to the exercise of the Option or the subsequent sale of any Shares acquired upon exercise.

10.                               No Advice Regarding Grant.  The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying Shares.

11.                               Compensation Recovery Policy.  The Option is subject to the terms of any compensation recovery policy or policies established by the Company as may be amended from time to time (“Compensation Recovery Policy”).  The Company hereby incorporates into this Agreement the terms of the Compensation Recovery Policy.

12.                               Section 409A Compliance.  This Section 12 may not apply if you are not a U.S. taxpayer.  The Option is intended to comply with Section 409A or an exemption thereunder, and, accordingly, to the maximum extent permitted, the Option and this Agreement shall be interpreted and administered in compliance therewith.  Notwithstanding any other provision of this Agreement, payments provided pursuant to this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption.  Any payments pursuant to this Agreement that may be excluded from Section 409A shall be excluded to the maximum extent possible.  To the extent that any provision of this Agreement would cause a conflict with the requirements of Section 409A or would cause the administration of the Option to fail to satisfy Section 409A, such provision shall be deemed null and void to the extent permitted by applicable law.  Nothing herein shall be construed as a guarantee of any particular tax treatment.  The Company makes no representation that this Agreement or the Option will comply with Section 409A and in no event shall the Company be liable for the payment of any taxes and penalties that you may incur under Section 409A.

13.                               Rights as Shareholder.  Neither you nor any person claiming under or through you will have any of the rights or privileges of a shareholder of the Company, including as to voting Shares and the receipt of dividends and distributions in respect of any Shares deliverable hereunder, unless and until Shares have been issued and recorded on the records of the Company or its transfer agents or registrars.

14.                               Appendix.  If applicable, the Option is subject to any additional terms and conditions for the country set forth in the Appendix.  If you relocate to another country, the terms and conditions for that

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country (if any) will apply to you to the extent the Company determines that applying such terms and conditions are necessary or advisable for legal or administrative reasons.

15.                               Language.  If you have received this Agreement or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different from the English version, the English version will control.

16.                               Notices.  Any notice to be given under this Agreement to the Company will be addressed to: ▇▇▇▇▇ Limited, ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention:  Chief Human Resources Officer.  Any notice to be given under this Agreement to you will be provided to the physical or electronic mail address maintained in the Company’s records; or in either case, at such other address as the Company or you, as the case may be, may hereafter designate in writing.

17.                               Governing Law; Venue.  To the extent not preempted by federal law, the Option and this Agreement will be governed by and construed in accordance with the laws of the State of New York, without regard to its conflicts of law provisions.  The parties agree that any legal action, suit or proceeding arising from or related to this Agreement shall be instituted exclusively in the state courts of New York located in New York County or in the federal courts for the United States for the Southern District of New York and no other courts.  The parties consent to the personal jurisdiction of such courts over them, waive all objections to the contrary, and waive any and all objections to the exclusive location of legal proceedings in New York County or in the federal courts for the United States for the Southern District of New York.

18.                               Option Not Transferable.  The Option and the rights and privileges conferred by the Option may not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other than by will or by the laws of descent or distribution and may be exercised during your lifetime only by you.  The terms of the Plan and this Agreement shall be binding upon your executors, administrators, heirs, successors and assigns.

19.                               Additional Conditions to Issuance of Stock.  If at any time the Company determines, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any foreign, state, federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to you (or your estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company.

20.                               Imposition of Other Requirements.  The Company reserves the right to impose other requirements on your participation in the Plan, on the Options and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

21.                               Insider-Trading/Market-Abuse Laws.  You acknowledge that, depending on your country, you may be subject to insider-trading restrictions and/or market-abuse laws, which may affect your ability to purchase or sell Shares acquired under the Plan during such times as you are considered to have “inside information” regarding the Company (as defined by the laws in your country).  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider-trading policy.  You are responsible for complying with any applicable restrictions and are encouraged to speak to your personal legal advisor for further details regarding any applicable insider-trading and/or market-abuse laws in your country.

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22.                               Foreign Asset/Account Reporting Requirements; Exchange Controls.  You acknowledge that your country may have certain foreign asset and/or foreign account reporting requirements and exchange controls which may affect your ability to acquire or hold Shares acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on Shares acquired under the Plan) in a brokerage or bank account outside your country.  You may be required to report such accounts, assets or transactions to the tax or other authorities in your country.  You also may be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker within a certain time after receipt.  You acknowledge that it is your responsibility to be compliant with such regulations and are encouraged to consult your personal legal advisor for any details.

23.                               Severability.  In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.

24.                               Modifications to this Agreement.  Amendments or modifications to this Agreement that adversely affect the Option in any material way may only be made with your written consent.   Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its discretion and without your consent, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to the Option, or to comply with other applicable laws.

25.                               Waiver.  You acknowledge that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement or of any subsequent breach of this Agreement.

26.                               Data Privacy.

26.1                        You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement and any other grant materials by and among, as applicable, the Company, the Employer, and any member of the Bunge Group for the exclusive purpose of implementing, administering and managing your participation in the Plan.

26.2                        You understand that the Company, the Employer and members of the Bunge Group may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, email address, date of birth, social insurance number, passport or other identification number, salary, nationality, residency, status, job title, any shares of stock or directorships held in the Company, the Employer, or the Bunge Group, details of the Option or any other entitlement to stock awarded, canceled, exercised, vested, unvested or outstanding in your favor (collectively “Data”), for the exclusive purpose of implementing, administering and managing the Plan.

26.3                        You understand that Data will be transferred to the Company, the Employer, any member of the Bunge Group, or one or more stock plan service providers as may be selected by the Company from time to time, which is assisting the Company with the implementation, administration and management of the Plan.  You understand that the recipients of the Data may be located in the U.S. or elsewhere, and that the recipient’s country of operation (e.g., the U.S.) may have different data privacy laws and protections than your country.  You understand that if you reside outside the U.S., you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources

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representative.  You authorize the Company and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan.  You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan.  You understand that if you reside outside the U.S., you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your local human resources representative. Further, you understand that you are providing the consents herein on a purely voluntary basis.  If you do not consent, or if you later seek to revoke your consent, your engagement as an employee and career with the Employer will not be affected; the only consequence of refusing or withdrawing your consent is that the Company would not be able to grant Options or other equity awards to you or administer or maintain such awards.  Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan.  For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative.

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EXHIBIT A

▇▇▇▇▇ LIMITED

2016 EQUITY INCENTIVE PLAN

GLOBAL STOCK OPTION AGREEMENT

TERMS AND CONDITIONS

This Appendix, which is part of the Agreement, includes additional or different terms and conditions that govern the Options and that will apply to you if you are in one of the countries listed below.  Unless otherwise defined herein, capitalized terms set forth in this Appendix shall have the meanings ascribed to them in the Plan or the Global Stock Option Agreement, as applicable.

If you are a citizen or resident of a country other than the one in which you are currently working and/or residing, are considered a resident of another country for local law purposes or transfer residency between countries after the Date of Grant, the Company shall, in its sole discretion, determine to what extent the terms and conditions included herein will apply to you under these circumstances.

NOTIFICATIONS

This Appendix also includes information regarding securities, exchange control and certain other issues of which you should be aware with respect to your participation in the Plan.  The information is based on the securities, exchange control and other laws in effect in the respective countries as of June 2016.  Such laws are often complex and change frequently.  As a result, the Company strongly recommends that you not rely on the information in this Appendix as the only source of information relating to the consequences of your participation in the Plan because such information may be outdated when you exercise your Options and/or sell any Shares acquired at exercise.

In addition, the information contained herein is general in nature and may not apply to your particular situation.  As a result, the Company is not in a position to assure you of any particular result.  You, therefore, are encouraged to seek appropriate professional advice as to how the relevant laws in your country may apply to your particular situation.

Finally, if you are a citizen or resident of a country other than that in which you are currently working and/or residing, are considered a resident of another country for local law purposes or transfer residency to a different country after the Date of Grant, the information contained herein may not apply in the same manner to you.

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Notifications

Securities Law Information.  Neither the Option nor the Shares subject to the Option are publicly offered or listed on any stock exchange in Argentina.  The offer is private and not subject to the supervision of any Argentine governmental authority.

Foreign Asset/Account Reporting Information.  If you hold Shares (acquired upon exercise of the Option) as of December 31, you are required to report certain information regarding the Shares on your annual tax return.  In addition, when you acquire, sell, transfer or otherwise dispose of Shares, you must register the transaction with the Federal Tax Administration.

AUSTRALIA

Notifications

Tax Information.  The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment ▇▇▇ ▇▇▇▇ (Cth) applies (the “Act”) (subject to the conditions in the Act).

Securities Law Information.  If you acquire Shares under the Plan and offer such Shares for sale to a person or entity resident in Australia, the offer may be subject to disclosure requirements under Australian law.  You should obtain legal advice on your disclosure obligations prior to making any such offer.

BELGIUM

Terms and Conditions

Acceptance of Option.  The timing of taxation of the Option depends upon whether it is accepted (i) within 60 days of the offer (for tax at offer) or (ii) more than 60 days after the offer (for tax at exercise).  You will receive a separate communication in addition to the Agreement with information about the tax treatment of the Option.  You should refer to the communication for a more detailed description of the tax consequences of choosing to accept the Option.  Belgian residents should consult their personal tax advisor with respect to the Option before taking any action.

Notifications

Foreign Asset/Account Reporting Information.  You are required to report any securities (e.g., Shares acquired under the Plan) or bank accounts (including brokerage accounts) held outside of Belgium on your annual tax return.  You are also required to complete a separate report providing the National Bank of Belgium with details regarding any such account, including the account number, the name of the bank in which such account is held and the country in which such account is located.

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BRAZIL

Terms and Conditions

Nature of Grant.  The following provision supplements Section 9 of this Agreement:

In accepting the Options, you acknowledge, understand and agree that (i) you are making an investment decision, (ii) you will be entitled to exercise, and receive Shares pursuant to, the Options only if the vesting conditions are met and any necessary services are rendered by you between the Date of Grant and the exercise date, and (iii) the value of the underlying shares is not fixed and may increase or decrease without compensation to you.

Compliance with Law.  In accepting the Options, you agree to comply with all applicable Brazilian laws and report and pay any and all applicable Tax-Related Items associated with the exercise of the Options, the sale of any Shares acquired under the Plan, and the receipt of any dividends.

Notifications

Foreign Asset/Account Reporting Information.  If you are a resident or domiciled in Brazil, you will be required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000.  The assets and rights that must be reported include Shares acquired under the Plan.

Tax on Financial Transaction (“IOF”).  Cross-border financial transactions relating to the Options may be subject to the IOF (tax on financial transactions).  You should consult with your personal tax advisor for additional details.

CANADA

Terms and Conditions

Payment of Exercise Price.  The following provision supplements Sections 4.3 and 7 of this Agreement:

Due to legal restrictions in Canada and notwithstanding any language to the contrary in the Plan, you are not permitted to pay the Exercise Price or any Tax-Related Items by tendering previously acquired Shares or by using a net share settlement or similar procedure.  The Company reserves the right to provide you with additional methods of payment in the future depending on the development of local law.

Forfeiture upon Termination of Services.  The following provision replaces Section 9(k) of this Agreement:

(k) For purposes of the Options, your employer-employee or service relationship will be considered terminated as of the date that is the earlier of: (1) the date of termination of employment, (2) the date you receive notice of termination from the Employer, or (3) the date you are no longer actively providing services (regardless of the reason for such termination and whether or not the termination is later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any).  The Committee shall have the exclusive discretion to determine when you are no longer actively providing services for the purpose of your Option grant (including whether you may still be considered to be providing services while on a leave of absence)..

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The following provisions will apply if you are a resident of Quebec:

Language Consent.  The parties acknowledge that it is their express wish that this Agreement, as well as all documents, notices, and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English.

Les parties reconnaissent avoir exigé la rédaction en anglais de cette convention (« Agreement »), ainsi que de tous documents, avis et procédures judiciaires, exécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement à, la présente convention.

Data Privacy.  The following provision supplements Section 26 of the Agreement:

You hereby authorize the Company and the Company’s representatives to discuss and obtain all relevant information from all personnel, professional or non-professional, involved in the administration of the Plan.  You further authorize the Company, the Employer, its other Subsidiaries and the Committee to disclose and discuss the Plan with their advisors.  You further authorize the Company, the Employer and any other Subsidiary to record such information and to keep such information in your employee file.

Notifications

Securities Law Information.  You are permitted to sell Shares acquired under the Plan through the designated broker appointed under the Plan, if any, provided the sale of the Shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on which the Shares are listed (i.e., the New York Stock Exchange in the U.S.).

Foreign Asset/Account Reporting Information.  If you are a Canadian resident, you must report annually on Form T1135 (Foreign Income Verification Statement) the foreign property (including Shares acquired under the Plan) you hold, if the total cost of such foreign property exceeds C$100,000 at any time during the year.  Unvested Options also must be reported (generally at nil cost) on Form T1135 if the C$100,000 threshold is exceeded due to other foreign property you hold.  If Shares are acquired, their cost generally is the adjusted cost base (“ACB”) of the Shares.  The ACB would normally equal the fair market value of the Shares at the time of acquisition, but if you own other shares, this ACB may have to be averaged with the ACB of the other shares.  The Form T1135 must be filed at the same time you file your annual tax return.  You should consult your personal legal advisor to ensure compliance with applicable reporting obligations.

COLOMBIA

Terms and Conditions

Labor Law Acknowledgement.  You acknowledge that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of “salary” for any purposes.  Therefore, the Options and related benefits will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable.

Securities Law Information.  The Shares are not and will not be registered in the Colombian registry of publicly traded securities (Registro Nacional de Valores y Emisores).  Therefore, the Shares may not be offered to the public in Colombia.  Nothing in this document should be construed as the making of a public offer of securities in Colombia.

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Notifications

Exchange Control Information.  Investment in assets located abroad (such as Shares acquired under the Plan) does not require prior approval.  However, if the value of your aggregate investments held abroad, including Shares, as of December 31 of the applicable calendar year equals or exceeds US$500,000, these investments must be registered with the Central Bank (Banco de la Republica).  Upon the sale or disposition of the investments, you may either choose to keep the resulting sums abroad or to repatriate them to Colombia. If you choose to repatriate funds to Colombia and you have not registered the investment with the Central Bank, you will need to file Form No. 5 with the Central Bank upon conversion of funds into local currency, which should be duly completed to reflect the nature of the transaction. If you have registered the investment with the Central Bank, then you will need to file Form No. 4 with the Central Bank upon conversion of funds into local currency, which should be duly completed to reflect the nature of the transaction.  If funds are remitted from Colombia to purchase Shares under the Plan through an authorized local financial institution, the Central Bank will automatically register the investment.  If no funds are remitted from Colombia to purchase the Shares because a partial cashless exercise method is used (selling only enough Shares to cover the Exercise Price and any brokerage fees), then you will need to register the foreign investment with the Central Bank if the applicable threshold is exceeded.  If you use a cashless sell-all method of exercise, then no registration is required because no funds are remitted from Colombia and no Shares are held abroad.  You are advised to consult with a personal advisor to ensure you comply with the applicable reporting obligations.

FINLAND

There are no country-specific provisions.

FRANCE

Terms and Conditions

Language.  By accepting the grant, you confirm having read and understood the Plan and Agreement which were provided in the English language.  You accept the terms of these documents accordingly.

En acceptant l’attribution, vous confirmez avoir lu et compris le Plan et le Contrat, qui ont été communiqués en langue anglaise. Vous acceptez les termes de ces documents en connaissance de cause.

Notifications

Tax Information.  The Options are not intended to be French tax-qualified awards.

Foreign Asset/Account Reporting Information.  French residents must report all foreign bank and brokerage accounts on an annual basis (including accounts opened or closed during the tax year) on a specific form together with the income tax return.  Failure to comply could trigger significant penalties.

GERMANY

There are no country-specific provisions.

HUNGARY

There are no country-specific provisions.

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INDIA

Terms and Conditions

Payment of Exercise Price.  The following provision supplements Sections 4.3 and 7 of this Agreement:

Due to exchange control restrictions in India and notwithstanding any provision of the Plan to the contrary, payment of the aggregate Exercise Price and any Tax-Related Items withholding may not be made pursuant to a cashless “sell to cover” exercise.  The Company reserves the right to provide you with additional methods of payment in the future depending on the development of local law.

Notifications

Exchange Control Information.  You are required to repatriate any proceeds from the sale of Shares acquired under the Plan to India within 90 days of receipt and any dividends within 180 days of receipt.  You must obtain a foreign inward remittance certificate (“FIRC”) from the bank where you deposit the foreign currency and should maintain the FIRC as evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation.  You are responsible for complying with applicable exchange control laws in India.

Because exchange control restrictions in India change frequently, you are advised to consult with your personal advisor before taking any action under the Plan.

Foreign Asset/Account Reporting Information.  You understand that you are required to declare any foreign bank accounts and any foreign financial assets (including Shares held outside India) in your annual tax return.  You are solely responsible for complying with this reporting obligation and are encouraged to confer with your personal tax advisor in this regard.

ITALY

Terms and Conditions

Cashless Exercise Restriction. The following provision supplements Sections 4.2 and 4.3 of this Agreement:

Due to legal restrictions in Italy, you are restricted to paying the Exercise Price and any Tax-Related Items by the cashless sell-all method of exercise pursuant to which you shall deliver, together with an Exercise Notice or such other documentation as the Company in its sole and absolute discretion shall require, irrevocable instructions to a broker approved by the Company to (i) sell the Shares acquired upon exercise of the Option and (ii) use the sale proceeds to pay the Exercise Price, brokerage fees and any Tax-Related Items. The balance of the sale proceeds, if any, will be delivered to you, but you are not entitled to hold any Shares. The Company reserves the right to provide you with additional methods of paying the Exercise Price depending on the development of local laws.

Data Privacy.  The following provisions replace Section 26 of this Agreement in its entirety:

You understand that the Company, the Employer and any other Subsidiary may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, email address, date of birth, social insurance, passport or other identification number, salary, nationality, job title, any shares or directorships held in the Company or any Subsidiary, details of all Options, or any other entitlement to shares awarded, canceled, vested, exercised, unvested or outstanding in your favor (“Data”), for the exclusive purpose of implementing, managing and administering the Plan.

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You also understand that providing the Company with Data is necessary for the performance of the Plan and that your refusal to provide Data would make it impossible for the Company to perform its contractual obligations and may affect your ability to participate in the Plan.  The controller of personal data processing is ▇▇▇▇▇ Limited with registered offices at ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, U.S.A., and, pursuant to Legislative Decree no. 196/2003, its representative in Italy is Bunge Italia Spa, with registered offices at ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ -  ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇.

You understand that Data will not be publicized.  You understand that Data may also be transferred to the independent registered public accounting firm engaged by the Company.  You further understand that the Company and/or its Subsidiaries, will transfer Data among themselves as necessary for the purpose of implementing, administering and managing your participation in the Plan, and that the Company and its Subsidiaries may each further transfer Data to banks, other financial institutions, brokers or other third parties assisting the Company in the implementation, administration, and management of the Plan, including any requisite transfer of Data to a broker or other third party with whom you may elect to deposit any Shares acquired at exercise of the Options.  Such recipients may receive, possess, process, retain, and transfer Data in electronic or other form, for the purposes of implementing, administering, and managing your participation in the Plan.  You understand that these recipients may be located in or outside the European Economic Area, such as in the U.S. or elsewhere.  Should the Company exercise its discretion in suspending all necessary legal obligations connected with the management and administration of the Plan, it will delete Data as soon as it has completed all the necessary legal obligations connected with the management and administration of the Plan.

You understand that Data processing related to the purposes specified above shall take place under automated or non-automated conditions, anonymously when possible, that comply with the purposes for which Data is collected and with confidentiality and security provisions, as set forth by applicable laws and regulations, with specific reference to Legislative Decree no. 196/2003.

The processing activity, including communication, the transfer of Data abroad, including outside of the European Economic Area, as herein specified and pursuant to applicable laws and regulations, does not require your consent thereto, as the processing is necessary to performance of contractual obligations related to implementation, administration, and management of the Plan.  You understand that, pursuant to Section 7 of the Legislative Decree no. 196/2003, you have the right to, including but not limited to, access, delete, update, correct, or terminate, for legitimate reason, the Data processing.

Furthermore, you are aware that Data will not be used for direct-marketing purposes.  In addition, Data provided can be reviewed and questions or complaints can be addressed by contacting your local human resources representative.

Plan Document Acknowledgement.  You acknowledge that you have read and specifically and expressly approves, without limitation, the following sections of this Agreement:  Sections 6, 7, 8, 9, 11, 15, 17, 20 and the Data Privacy provisions included in this Appendix.

Notifications

Foreign Asset/Account Reporting Information.  If at any time during the fiscal year you hold foreign financial assets (including cash and Shares) which may generate income taxable in Italy, you are required to report these assets on your annual tax return (UNICO Form, RW Schedule) for the year during which the assets are held, or on a special form if no tax return is due.  These reporting obligations will also apply to Italian residents who are the beneficial owners of foreign financial assets under Italian money laundering provisions.

Foreign Asset Tax Information.  The value of the financial assets held outside of Italy by Italian residents is subject to a foreign asset tax.  Financial assets include Shares acquired under the Plan.  The taxable

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amount will be the fair market value of the financial assets assessed at the end of the calendar year.  You should consult with your personal tax advisor about the foreign financial assets tax.

MEXICO

Terms and Conditions

Acknowledgement of the Agreement.  In accepting the Award granted hereunder, you acknowledge that you have received a copy of the Plan, have reviewed the Plan and this Agreement in their entirety and fully understand and accept all provisions of the Plan and this Agreement.  You further acknowledge that you have read and specifically and expressly approve the terms and conditions of Section 9 of this Agreement, in which the following is clearly described and established:

(1)                                 Your participation in the Plan does not constitute an acquired right.

(2)                                 The Plan and your participation in the Plan are offered by the Company on a wholly discretionary basis.

(3)                                 Your participation in the Plan is voluntary.

(4)                                 The Company and the Bunge Group are not responsible for any decrease in the value of the Options granted and/or Shares issued under the Plan.

Labor Law Acknowledgement and Policy Statement.  In accepting any Award granted hereunder, you expressly recognize that the Company, with registered offices at ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇.▇.▇. is solely responsible for the administration of the Plan and that your participation in the Plan and acquisition of Shares do not constitute an employment relationship between you and the Company since you are participating in the Plan on a wholly commercial basis and your sole employer is Servicios ▇▇▇▇▇, ▇.▇. de C.V.  or  Servicios Molinos ▇▇▇▇▇ de México, S.A. de C.V., as applicable,  (“Bunge-Mexico”).  Based on the foregoing, you expressly recognize that the Plan and the benefits that you may derive from participation in the Plan do not establish any rights between you and the Employer, Bunge-Mexico, and do not form part of the employment conditions and/or benefits provided by Bunge-Mexico and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of your employment.

You further understand that your participation in the Plan is as a result of a unilateral and discretionary decision of the Company; therefore, the Company reserves the absolute right to amend and/or discontinue your participation in the Plan at any time without any liability to you.

Finally, you hereby declare that you do not reserve to yourself any action or right to bring any claim against the Company for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and you therefore grant a full and broad release to the Company, its Subsidiaries, shareholders, officers, agents or legal representatives with respect to any claim that may arise.

Spanish Translation

Reconocimiento del Otorgamiento.  Al aceptar cualquier Otorgamiento bajo de este documento, usted reconoce que ha recibido una copia del Plan, que ha revisado el Plan y el Acuerdo en su totalidad, y que comprende y está de acuerdo con todas las disposiciones del Plan y el Acuerdo.  Asimismo, usted reconoce que ha leído y manifiesta específicamente y expresamente que aprueba de los términos y las condiciones establecidos en la Sección 9 del Acuerdo, en los que se establece y describe claramente que:

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(1)                                 Su participación en el Plan no constituye un derecho adquirido.

(2)                                 El Plan y su participación en el mismo son ofrecidos por la Compañía de forma completamente discrecional.

(3)                                 Su participación en el Plan es voluntaria.

(4)                                 The Company y sus filiales (el “Bunge Group”) no son responsables de ninguna disminución en el valor de las Opciones o de las Acciones emitidas mediante el Plan.

Reconocimiento de ▇▇ ▇▇▇ Laboral y Declaración de Política.  Al aceptar cualquier Otorgamiento bajo de este documento, usted reconoce expresamente que la Compañía, con oficinas registradas y localizadas en ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, U.S.A., es la única responsable por la administración del Plan y que su participación en el mismo y la adquisición de Acciones no constituyen de ninguna manera una relación laboral entre usted y la Compañía, debido a que su participación en el Plan es únicamente una relación comercial y que su único empleador es Servicios ▇▇▇▇▇, ▇.▇. de C.V.  o  Servicios Molinos ▇▇▇▇▇ de México, S.A. de C.V., como sea aplicable,  (“Bunge-México”).  Derivado de lo anterior, usted reconoce expresamente que el Plan y los beneficios a su favor que pudieran derivar de la participación en el mismo no establecen ningún derecho entre usted y el Empleador, Bunge-México, y no ▇▇▇▇▇▇ parte de las condiciones laborales y/o los beneficios otorgados por Bunge-México, y cualquier modificación del Plan o la terminación del mismo no constituirá un cambio o desmejora de los términos y las condiciones de su trabajo.

Asimismo, usted entiende que su participación en el Plan se ha resultado de la decisión unilateral y discrecional de la Compañía; por lo tanto, la Compañía se reserva el derecho absoluto de modificar y/o descontinuar su participación en el Plan en cualquier momento y sin ninguna responsabilidad para usted.

Finalmente, usted manifiesta que no se reserva ninguna acción o derecho que origine una demanda en contra de la Compañía por cualquier compensación ▇ ▇▇▇▇▇ y perjuicios en relación con cualquier disposición del Plan o de los beneficios derivados del mismo, y en consecuencia usted exime amplia y completamente a la Compañía de toda responsabilidad, como así también a sus Filiales, accionistas, directores, agentes o representantes legales con respecto a cualquier demanda que pudiera surgir.

NETHERLANDS

There are no country-specific provisions.

PARAGUAY

There are no country-specific provisions.

PHILIPPINES

Notifications

Securities Law Information.  You are permitted to dispose or sell Shares acquired under the Plan provided the offer and resale of the Shares takes place outside the Philippines through the facilities of a stock exchange on which the Shares are listed.  The Shares are currently listed on the New York Stock Exchange in the U.S.

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POLAND

Notifications

Exchange Control Information.  If you hold foreign securities (including Shares) and maintain accounts abroad, you will be required to file certain reports with the National Bank of Poland on the transactions and balances of the securities and cash deposited in such accounts if the value of such transactions or balances exceeds PLN 7,000,000 in the aggregate.  If required, you must file reports on the transactions and balances of the accounts on a quarterly basis on special forms available on the website of the National Bank of Poland.

In addition, if you transfer funds in excess of €15,000 into Poland in connection with the sale of Shares under the Plan, the funds must be transferred via a bank account held at a bank in Poland.  You are required to retain the documents connected with a foreign exchange transaction for a period of five years, as measured from the end of the year in which such transaction occurred.

ROMANIA

Notifications

Exchange Control Information.  If you deposit the proceeds from the sale of Shares issued to you at exercise of the Options in a bank account in Romania, you may be required to provide the Romanian bank with appropriate documentation explaining the source of the funds.  You should consult your personal advisor to determine whether you will be required to submit such documentation to the Romanian bank.

RUSSIA

Terms and Conditions

U.S. Transaction and Sale Restrictions.  You understand that your acceptance of the Options results in a contract between you and the Company that is completed in the U.S. and that the Agreement is governed by the laws of the State of New York, without giving effect to the conflict of laws principles thereof.  Further, any Shares to be issued to you upon exercise shall be delivered to you through a bank or brokerage account in the U.S.  You are not permitted to sell the Shares directly to other Russian legal entities or residents.

Securities Law Requirements.  Any Options granted hereunder, this Agreement, the Plan and all other materials you may receive regarding your participation in the Plan or any Options granted hereunder do not constitute advertising or an offering of securities in Russia.  The issuance of Shares under the Plan has not and will not be registered in Russia; therefore, Shares may not be offered or placed in public circulation in Russia.

In no event will Shares acquired under the Plan be delivered to you in Russia; all Shares will be maintained on your behalf in the U.S.

Exchange Control Requirements.  You understand and agree that, pursuant to Russian exchange control requirements, you will be required to repatriate to Russia the cash proceeds from the sale of the Shares issued to you upon exercise of the Option, unless such proceeds will be paid into and held in your brokerage account in the U.S., for example, for reinvestment purposes.  As an express statutory exception to this requirement, cash dividends (but not dividend equivalents) paid on Shares can be paid directly into a foreign bank or brokerage account opened with a foreign bank located in Organisation for

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Economic Co-operation and Development (“OECD”) or Financial Action Task Force (“FATF”) countries, without first remitting them to a bank account in Russia.  Other statutory exceptions may apply, and you should consult with your personal legal advisor in this regard.

You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in Russia.  Without limiting the generality of the foregoing, you acknowledge that the Company reserves the right, in its sole discretion depending on developments in Russian exchange control laws and regulations, to require you to exercise the Options via a cashless exercise.  You further agree that, if applicable, the Company is authorized to instruct ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ LLC (or such other broker as may be designated by the Company) to assist with the mandatory sale of such Shares (on your behalf pursuant to this authorization) and you expressly authorize ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ LLC (or such other broker as may be designated by the Company) to complete the sale of such Shares.  You further acknowledge that ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ LLC (or such other broker as may be designated by the Company) is under no obligation to arrange for the sale of the Shares at any particular trading price.  Upon the sale of Shares, you will receive the cash proceeds from the sale of Shares, less any brokerage fees or commissions and subject to your obligations in connection with the Tax-Related Items.

You are strongly encouraged to contact your personal advisor to confirm the applicable Russian exchange control rules because significant penalties may apply in the case of non-compliance and because exchange control requirements may change.

Labor Law Acknowledgement.  You acknowledge that if you continue to hold Shares acquired under the Plan after an involuntary termination of your employment, you will not be eligible to receive unemployment benefits in Russia.

Notifications

Foreign Asset/Account Reporting Information.  Russian residents are required to notify Russian tax authorities within one (1) month of opening, closing or changing the details of a foreign account.  Russian residents also are required to report (i) the beginning and ending balances in such a foreign bank account each year and (ii) transactions related to such a foreign account during the year to the Russian tax authorities, on or before June 1 of the following year.  The tax authorities can require you to provide appropriate supporting documents related to transactions in a foreign bank account.  You are encouraged to contact your personal advisor before remitting your proceeds from participation in the Plan to Russia as exchange control requirements may change.

Anti-Corruption Legislation Information.  Individuals holding public office in Russia, as well as their spouses and dependent children, may be prohibited from opening or maintaining a foreign brokerage or bank account and holding any securities, whether acquired directly or indirectly, in a foreign company (including Shares acquired under the Plan).  You should consult with your personal legal advisor to determine whether this restriction applies to your circumstances.

SINGAPORE

Terms and Conditions

Restriction on Sale and Transferability.  You hereby agree that any Shares acquired pursuant to the exercise of the Options will not be offered for sale in Singapore prior to the six-month anniversary of the Date of Grant, unless such sale or offer is made pursuant to one or more exemptions under Part XIII

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Division 1 Subdivision (4) (other than section 280) of the Securities and Futures Act (Chap. 289, 2006 Ed.) (“SFA”).

Notifications

Securities Law Information.  The grant of the Options is being made pursuant to the “Qualifying Person” exemption under section 273(1)(f) of the SFA, on which basis it is exempt from the prospectus and registration requirements under the SFA, and is not made with a view to the Shares being subsequently offered for sale to any other party.  The Plan has not and will not be lodged or registered as a prospectus with the Monetary Authority of Singapore.

Chief Executive Officer and Director Notification Requirement.  The Chief Executive Officer (“CEO”) and the directors, associate directors and shadow directors of a Singapore Subsidiary are subject to certain notification requirements under the Singapore Companies Act.  The CEO, directors, associate directors and shadow directors must notify the Singapore Subsidiary in writing of an interest (e.g., Options, Shares, etc.) in the Company or any related company within two (2) business days of (i) its acquisition or disposal, (ii) any change in a previously disclosed interest (e.g., when the Shares are sold), or (iii) becoming the CEO or a director, associate director or shadow director.

SOUTH AFRICA

Terms and Conditions

Responsibility for Taxes.  The following provision supplements Section 7 of this Agreement:

By accepting the Options, you agree that, immediately upon exercise of the Options, you will notify your Employer of the amount of any gain realized.  If you fail to advise the Employer of the gain realized upon exercise of the Options you may be liable for a fine.  You will be solely responsible for paying any difference between your actual tax liability and the amount withheld by the Employer.

Tax Clearance Certificate.  You understand that to participate in the Plan, should you exceed any annual discretionary allowance, you must obtain and provide to the Employer, or any third party designated by the Employer or the Company, a Tax Clearance Certificate (with respect to foreign investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue Service (“SARS”) and you must renew this Tax Clearance Certificate each year or such other period as may be required by the SARS.

Notifications

Exchange Control Information.  Under current South African exchange control policy, you understand that if you are a South African resident, you may invest a maximum of ZAR11,000,000 per annum in offshore investments, including in Shares.  This limit does not apply to non-resident employees.  The first ZAR1,000,000 annual discretionary allowance requires no prior authorization but you understand that you must obtain tax clearance for the next ZAR10,000,000.  It is your responsibility to ensure that you do not exceed this limit and obtain the necessary tax clearance for remittances exceeding ZAR1,000,000.  This limit is a cumulative allowance; therefore, your ability to remit funds for the purchase of Shares will be reduced if your foreign investment limit is utilized to make a transfer of funds offshore that is unrelated to the Plan.  You acknowledge that if the ZAR11,000,000 limit will be exceeded as a result of a purchase under the Plan, you may still participate in the Plan; however, you will be required to immediately sell the Shares purchased on your behalf under the Plan and repatriate the proceeds to South Africa in order to ensure that you do not hold assets outside South Africa with a value in excess of the permitted offshore investment allowance amount.

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SPAIN

Terms and Conditions

Labor Law Acknowledgement.  The following provision supplements Section 9 of this Agreement:

By accepting the Options granted hereunder, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan.

You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to grant any Options under the Plan to individuals who may be members of the Board or Employees throughout the world.  The decision is a limited decision, which is entered into upon the express assumption and condition that any Options granted will not economically or otherwise bind the Company or any of its Subsidiaries on an ongoing basis, other than as expressly set forth in this Agreement.  Consequently, you understand that the Options granted hereunder are given on the assumption and condition that they shall not become a part of any employment contract (either with the Company or any of its Subsidiaries) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever.  Further, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant of Options since the future value of the Options and the underlying Shares is unknown and unpredictable.  In addition, you understand that any Options granted hereunder would not be made but for the assumptions and conditions referred to above; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Options or right to Options shall be null and void.

Further, the grant of the Option is expressly conditioned on your continued and active rendering of service, such that if your employment terminates for any reason whatsoever, the Options may cease vesting immediately, in whole or in part, effective on the date of your termination of employment (unless otherwise specifically provided in Section 6 of this Agreement).  This will be the case, for example, even if (i) you are considered to be unfairly dismissed without good cause (i.e., subject to a “despido improcedente”); (ii) you are dismissed for disciplinary or objective reasons or due to a collective dismissal; (iii) you terminate service due to a change of work location, duties or any other employment or contractual condition; (iv) you terminate service due to a unilateral breach of contract by the Company or a Subsidiary; or (v) your employment terminates for any other reason whatsoever.  Consequently, upon termination of your employment for any of the above reasons, you may automatically lose any rights to Options that were not vested on the date of your termination of employment, as described in the Plan and this Agreement.

You acknowledge that you have read and specifically accept the conditions referred to in Section 6 of this Agreement.

Notifications

Securities Law Information.  No “offer of securities to the public,” as defined under Spanish law, has taken place or will take place in the Spanish territory regarding the Options.  No public offering prospectus has been, nor will it be, registered with the Comisión Nacional del ▇▇▇▇▇▇▇ de Valores (Spanish Securities Exchange Commission) (“CNMV”).  Neither the Plan nor this Agreement constitutes a public offering prospectus and neither has been, nor will either be, registered with the CNMV.

Exchange Control Information.  To participate in the Plan, you must comply with exchange control regulations in Spain.  You are required to declare electronically to the Bank of Spain any securities

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accounts (including brokerage accounts held abroad), as well as the Shares held in such accounts, depending on the value of the transactions during the prior tax year or the balances in such accounts as of December 31 of the prior tax year.

You also must declare any Shares that are acquired under the Plan to the Dirección General de Comercio e Inversiones of the Ministry of Industry, Tourism and Commerce (the “DGCI”).  After the initial declaration, the declaration must be filed with the DGCI on a Form D-6 on an annual basis each January while the Shares are owned.  However, if the value of the Shares acquired under the Plan or the amount of the sale proceeds exceeds €1,502,530, the declaration must be filed within one month of the acquisition or sale, as applicable.

Foreign Asset/Account Reporting Information.  You understand that if you hold rights or assets (e.g., Shares or cash held in a bank or brokerage account) outside of Spain with a value in excess of €50,000 per type of right or asset (e.g., Shares, cash, etc.) as of December 31, you are required to report certain information regarding such rights and assets on tax form 720. After such rights and/or assets are initially reported, the reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by more than €20,000 or if you sell or otherwise dispose of previously-reported rights or assets.  The reporting must be completed by the following March 31.

SWITZERLAND

Notifications

Securities Law Information.  The Options are not intended to be publicly offered in or from Switzerland.  Because this is a private offering in Switzerland, the Options are not subject to registration in Switzerland.  Neither this document nor any other materials relating to the Options constitutes a prospectus as such term is understood pursuant to article 652a of the Swiss Code of Obligations. Finally, neither this document nor any other materials relating to the Options may be publicly distributed nor otherwise made publicly available in Switzerland.

TURKEY

Notifications

Securities Law Information.  The Options are made available only to Employees and the offer of participation in the Plan is a private offering.  The grant of Options and the issuance of Shares upon exercise take place outside of Turkey.  Furthermore, the sale of Shares acquired under the Plan is not permitted within Turkey.  The Shares are currently traded on the New York Stock Exchange in the U.S. under the ticker symbol “BG” and Shares may be sold on this exchange.

Financial Intermediary Information.  Pursuant to Decree No. 32 on the Protection of the Value of the Turkish Currency (“Decree 32”) and Communiqué No. 2008-32/34 on Decree No. 32, any activity related to investments in foreign securities (e.g., the sale of Shares acquired under the Plan) must be conducted through a bank or financial intermediary institution licensed by the Turkish Capital Markets Board and should be reported to the Turkish Capital Markets Board.  You are solely responsible for complying with this requirement and should contact your personal legal advisor for further information regarding your obligations in this respect.

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UNITED KINGDOM

Terms and Conditions

Tax Withholding.  The following provisions supplement Section 7 of this Agreement:

You agree that, if you do not pay or the Employer or the Company does not withhold from you the full amount of income tax that you owe at exercise of the Options, or the receipt of any other benefit in connection with the Options (the “Taxable Event”) within 90 days of the U.K. tax year within which the Taxable Event occurs, or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and ▇▇▇▇▇▇▇▇) ▇▇▇ ▇▇▇▇ (the “Due Date”), then the amount that should have been withheld shall constitute a loan owed by you to the Employer, effective as of the Due Date.  You agree that the loan will bear interest at the Her Majesty’s Revenue and Customs’ (“HMRC”) official rate and will be immediately due and repayable by you, and the Company and/or the Employer may recover it at any time thereafter by any of the means set forth in Section 7 of this Agreement.

Notwithstanding the foregoing, if you are an executive officer or director (within the meaning of Section 13(k) of the Exchange Act), the terms of the immediately foregoing provision will not apply.  In the event that you are an executive officer or director and income tax is not collected from or paid by you by the Due Date, the amount of any uncollected income tax may constitute a benefit to you on which additional income tax and National Insurance contributions (“NICs”) may be due.  You will be responsible for reporting and accounting for any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing the Company or the Employer, as applicable, for the value of any NICs due on this additional benefit.

Notifications

Foreign Asset/Account Reporting Information.  The Foreign Account Tax Compliance Act (“FATCA”), pertains to U.S. citizens and/or U.S. taxpayers who participate in or hold equity-based awards (e.g., stock Options, RSUs, performance units) in one or more equity compensation plans offered by the Company. Under FATCA, the Company is considered a “non-U.S. issuer” with the result that you may have reporting obligations on Form 8938 when filing your annual income tax return.  Information regarding Form 8938 is available at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/▇▇▇/▇▇▇-▇▇▇/▇▇▇▇▇.▇▇▇.

These reporting obligations apply to the extent the aggregate value of your holdings (when aggregated with other specified foreign financial assets held by you) exceed certain thresholds.  The threshold amounts of the value of the equity holdings (and other foreign assets) that trigger the reporting obligations depend on your filing status (e.g., unmarried/married filing separately) and whether you reside in the U.S. or outside of the U.S.  Shares issued by a non-U.S. issuer that are held in a financial account maintained by a U.S. financial institution (such as a brokerage firm) are not subject to these reporting requirements.  However, it is not clear under current guidance whether rights to acquire Shares, such as Options (i.e., as opposed to Shares you own), are eligible for this exception.  You are encouraged to consult your personal tax advisor to determine whether these FATCA reporting requirements apply to you as a result of your equity holdings in the Company, including the Options or Shares you acquire under the Plan.

URUGUAY

There are no country-specific provisions.

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