LI-CYCLE HOLDINGS CORP. 2021 INCENTIVE AWARD PLAN OPTION AWARD GRANT NOTICE AND AGREEMENTOption Award Grant Agreement • January 31st, 2022 • Li-Cycle Holdings Corp. • Hazardous waste management • Ontario
Li-Cycle Holdings Corp., a corporation incorporated under the laws of the Province of Ontario (the “Company”), pursuant to the Plan (as defined in Exhibit A hereto), hereby grants to the holder listed below (“Participant”) an option to purchase the number of Shares set forth below (the “Option”). The Option is subject to the terms and conditions set forth in this Option Grant Notice (the “Grant Notice”), the Option Agreement attached hereto as Exhibit A (the “Agreement”), and the Plan, each of which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant Notice and the Agreement.
