0001140361-24-016247 Sample Contracts

COOL COMPANY LTD LONG TERM INCENTIVE PLAN OPTION AGREEMENT
Long Term Incentive Plan • March 28th, 2024 • COOL Co LTD. • Water transportation

THIS AGREEMENT (this "Agreement") is effective as of [●] (the "Grant Date"), by and between Cool Company Ltd. an exempted company limited by shares incorporated under the laws of Bermuda (the "Company"), and [●] (the "Grantee"). The Company has adopted the Cool Company Ltd Long Term Incentive Plan (as amended, modified or supplemented from time to time, the "Plan"), by this reference made a part hereof, for the benefit of eligible employees, officers and directors of the Company and its Affiliates. Capitalized terms used and not otherwise defined herein shall have the meaning ascribed thereto in the Plan, and in the event of any conflict, the terms of the Plan will control. The Company and Grantee therefore agree as follows:

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COOL COMPANY LTD LONG TERM INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT
Term Incentive Plan • March 28th, 2024 • COOL Co LTD. • Water transportation

THIS AGREEMENT (this "Agreement") is effective as of [●] (the "Grant Date"), by and between Cool Company Ltd. an exempted company limited by shares incorporated under the laws of Bermuda (the "Company"), and [●] (the "Grantee"). The Company has adopted the Cool Company Ltd Long Term Incentive Plan (as amended, modified or supplemented from time to time, the "Plan"), by this reference made a part hereof, for the benefit of eligible employees, officers and directors of the Company and its Affiliates. Capitalized terms used and not otherwise defined herein shall have the meaning ascribed thereto in the Plan, and in the event of any conflict, the terms of the Plan will control. The Company and Grantee therefore agree as follows:

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