Amendment No. 3 to Hamilton Lane Incorporated Employee Share Purchase Plan

Summary

Hamilton Lane Incorporated has amended its Employee Share Purchase Plan to specify that any money left in an employee's plan account after a purchase date will be returned to the employee. This change takes effect for offering periods starting January 1, 2025, and will apply to all future periods. All other terms of the plan remain unchanged. The amendment was adopted by the company's Compensation Committee on March 17, 2025.

EX-10.2 2 exhibit1020-esppamendmentn.htm EX-10.2 Document

EXHIBIT 10.20

AMENDMENT NO. 3

TO THE

HAMILTON LANE INCORPORATED

EMPLOYEE SHARE PURCHASE PLAN

WHEREAS, Hamilton Lane Incorporated, a Delaware corporation (the “Company”) maintains the Hamilton Lane Incorporated Employee Share Purchase Plan, as amended (the “Plan”); and

WHEREAS, the Company desires to amend the Plan to provide that any amount remaining in an employee’s Plan account following a purchase date will be returned to the employee;

NOW, THEREFORE, BE IT RESOLVED, that, effective with respect to the offering period commencing on January 1, 2025 and each subsequent offering period thereafter, the Plan be, and it hereby is, amended as follows:

1. The last sentence of Section 7(a) is amended to read as follows:

“Any amount remaining in the Employee’s Account following the purchase shall be returned to the Employee.”

2. The other provisions, terms and conditions of the Plan are and will remain in full force and effect.

IN WITNESS WHEREOF, this Amendment has been duly adopted by the Company’s Compensation Committee as of March 17, 2025.

HAMILTON LANE INCORPORATED

By:

/s/ Lydia A. Gavalis

Name: Lydia A. Gavalis

Title: General Counsel and Secretary