Contract of Employment between Orchard Therapeutics (Europe) Limited and Hubert Gaspar, dated January 8, 2018, as amended effective May 24, 2019

GENERAL

Any reference to a statutory provision shall be deemed to include a reference to any statutory modification or re-enactment of it.

Unless the context otherwise requires, words importing one gender include all other genders and words importing the singular include the plural and vice versa.

The clause headings do not form part of this Contract and shall not be taken into account in its construction or interpretation.

You are expected to comply with all the Company’s policies and procedures.

DATE OF COMMENCEMENT OF EMPLOYMENT

Your employment will begin on January 2^nd, 2018 which is also the date on which your continuous period of service commences.

CONDITIONS OF EMPLOYMENT

Your employment is subject to:

you having the right to work in the United Kingdom;

You agree to immediately inform the Company if your right to work status changes during your employment with the Company;

The Company reserves the right to carry out checks with the UK Border Agency or otherwise as appropriate in order to seek to establish or verify your right to work status at any time prior to the commencement of your employment or during it. You agree to these checks being carried out by the Company.

the Company receiving, at its own discretion, satisfactory references from previous employers (or other persons it considers appropriate) and evidence confirming any qualifications you may have;

you maintaining any professional qualifications necessary to carry out your role.

Should you be unable to fulfil any of these conditions at any time during your employment, the Company reserves the right to terminate your employment without notice.

PROBATIONARY PERIOD

The first six months of your employment with the Company will be treated as a probationary period during which time your employment may be terminated by either party giving one month’s notice in writing at any time during or at the end of this period. This period may be extended at the discretion of the Company.

JOB TITLE AND DUTIES

You are employed as Chief Scientific Officer & Co-Founder, or in such other role as the Company considers appropriate, and you will report to the Chief Executive Officer or to such other appropriate management as directed by the Company from time to time. Full details of your role can be found in your Job Description to be provided to you separately.

Your job title does not define absolutely, or limit, the work you may be required to do, which may be anything within your capabilities required by the Company.

During your employment you will:-

obey all lawful and reasonable directions of the Company;

observe and comply with these terms and conditions and with such codes procedures or policies as adopted and amended by the Company, and in particular those contained in the Employee Handbook; and

devote the whole of your time and attention and skills to the Company during your working time and use your best endeavours to promote, and not do anything detrimental to, the interests of the Company.

PLACE OF WORK

Your normal place of work is at the Company’s offices, Birchin Court, 20 Birchin Lane, London EC3V 9DU. The Company reserves the right to require you to change your place of work to other such locations as it may reasonably direct from time to time on a permanent or temporary basis.

It is a condition of your employment that you are prepared to travel within the UK and to other overseas destinations, including the US, as necessary in order to properly carry out your role, at the reasonable request of the Company. You shall travel by such means, and in accordance with such travel tariff, as the Company may from time to time determine.

SALARY AND OTHER BENEFITS

Your Basic Salary is £250,000 per annum which is pro-rated for 4 days a week based on a full-time salary of £312,500 per annum. Your salary will be reviewed annually in January and any increase will be confirmed to you in writing. Your annual salary will increase by 5% after one year of service at the company. In the following years you will be subject to a yearly salary review that will be dependent on your performance. After the first year increase the Company is under no obligation to award an increase following a salary review.

Payment of your salary is made monthly in arrears on or before the last day of each calendar month, by bank transfer direct to your own bank account, after deductions for income tax, National Insurance and any other deductions as are required by law.

The Company reserves the right to change the day of the month on which your salary is paid after giving you reasonable notice.

The Company reserves the right to make deductions from your remuneration in cases where:

it sustains any loss or damage to property or monies belonging to it (or any of its employees, clients or visitors) as the result of dishonesty, negligence, breach of Company rules, policies or procedures or carelessness on your part;

it has loaned you monies (subject to the terms of the loan);

you have been overpaid remuneration or expenses, have taken unauthorised absence or have been paid for hours not worked; and

you have exceeded your holiday entitlement at the date of termination of your employment or at the end of the holiday year.

Bonus

Pension

Private Health Insurance

Long Term Disability

Critical Illness

Death in Service Benefit

HOURS OF WORK

You are employed on a part-time basis over four days per week.

Your normal hours of work are 30 hours per week, working 9.00 am to 5.30 pm, Tuesday to Friday, or such other times as are agreed with your Manager. You are allowed to take one hour for lunch, which will be unpaid.

The Company reserves the right to re-arrange working hours in order to meet the needs of the business.

You may be required to work other such hours as are required for you to properly carry out your duties, but this will not entitle you to any additional remuneration.

You may be required to keep a record of your hours and are expected to co-operate and assist the Company in doing so.

HOLIDAY ENTITLEMENT

The Company's holiday year runs from January to December. You shall be entitled to 20 days' holiday during each holiday year, plus a pro-rata entitlement to the usual Public and Bank Holidays in England and Wales.

You shall be paid your normal basic remuneration during any paid holidays. If your employment commences part way through the holiday year, your holiday entitlement during your first year of employment shall be calculated on a pro-rata basis rounded up to the nearest whole day.

Any request for holiday must be made in writing and authorised by your Manager as far in advance as possible. You should obtain authorisation before booking any holidays or paying any non-refundable deposit. No more than 10 days holiday may be taken at any one time except in exceptional circumstances. The Company reserves the right to refuse the holiday request where the needs of the business make it necessary.

The Company reserves the right to determine if and when its offices will close over the Christmas and New Year period. It will give reasonable notice each year of any such days when its offices will be closed and you will be required to ensure that you have sufficient holiday entitlement available to cover this period.

You shall not be entitled to be paid in lieu of any holiday entitlement except on termination. Holiday may only be carried forward into the next holiday year with your Manager’s permission and only in exceptional circumstances.

If you are off sick before or during any period of arranged holiday we may allow you to re- schedule your holiday and we reserve the right to require you to produce medical evidence for the relevant period before agreeing that you may do so.

On termination of your employment, for whatever reason, you shall be entitled to be paid in lieu of any accrued but untaken holiday on a pro rata basis. In the event of you having taken a greater amount of holiday than your entitlement, you agree that the Company may deduct the balance from any salary or other payments due to you. For these purposes, each day’s holiday shall be equal to 1/260 of your salary.

The Company reserves the right to require you to take any accrued but untaken holiday during your notice period.

During any continuous period of absence due to sickness or injury of one month or more, you shall only accrue statutory holiday under the Working Time Regulations and not contractual holiday as set out in clause 9.1.

ABSENCE DUE TO SICKNESS AND INJURY

If you cannot attend work because you are sick or injured, you should email your Line Manager and ***@*** no later than one hour after  9am  or your  agreed  start time, if earlier. If possible, you should also indicate the likely duration of your absence. If you are unable to do so yourself, you must arrange for someone else to call. It is your responsibility to contact your Manager and it is not sufficient to leave messages with a colleague.

Where the absence is longer term, you and your Manager must agree on the intervals at which you will continue to report in sick, which will be on a daily basis unless your Manager states otherwise.

You must give the Company evidence of the reason you are unable to attend work as follows:

The Company may require you to submit a doctor’s certificate confirming that you have recovered sufficiently before we allow you to resume work after a period of sickness.

Statutory Sick Pay (SSP) is payable for sickness of 4 or more qualifying days. Your qualifying days are your normal working days. The Company will continue to pay SSP up to the 28th week of absence at the rates allowed by law from time to time.

You will only qualify for SSP (where you are entitled) if you adhere strictly to the sickness notification procedure above. Any serious breach, such as the falsification of claims, may result in disciplinary action, which could lead to your dismissal.

The Company may terminate your employment by giving notice in accordance with clause 11 even when, as a result of such termination, you would or might forfeit any entitlement to benefit from SSP, long-term disability benefit and/or critical illness benefit, provided that the Company shall not terminate your employment solely on the grounds of your sickness or injury where such an entitlement or benefit would or might be forfeited.

If requested, you agree to be examined (at the Company’s expense) by a registered medical practitioner of the Company’s choosing and will authorise them to disclose the results of the examination to an appropriate person in the Company, subject to the Access to Medical Reports Act 1988. This is to allow the Company to determine whether there are any matters that might hinder or prevent you from returning to work after a period of absence through sickness or injury or, in other circumstances, from properly performing any of your duties. Any such request will be dealt with sensitively, and only when the Company considers it absolutely necessary. If you decline to be examined, the Company is entitled to draw its own conclusions as to your state of health and ability to carry out your duties.

If your absence is as a result of a third party’s negligence you will immediately notify your Line Manager of the fact and of any damages or compensation recovered by you as a result and will, if so required, refund to the Company that part of any such damages or compensation relating to your loss of earnings for the period of your incapacity as the Company may reasonably determine provided that the amount to be refunded shall not exceed the total remuneration paid to you by way of salary in respect of the period of your incapacity.

TERMINATION OF EMPLOYMENT

Except where the Company is entitled to terminate your employment by summary dismissal or within your probationary period (including any extension), you are entitled to receive from, and are required to give, the Company six months’ notice.

Any notice must be given in writing.

You will not be entitled to engage in any other form of business or employment during the period of notice without the prior written consent of a Director of the Company.

Pay in Lieu of Notice - The Company reserves the right to make you a payment of basic salary only, less tax, National Insurance and any other such deductions as it is required to make by law, in lieu of any unexpired notice period.

Garden leave - If either party gives notice to terminate, the Company reserves the right during the notice period to require you:

not to attend any of the Company’s premises;

not to communicate (whether orally or in writing) with suppliers, customers, employees, agents or representatives of the Company;

to change the nature of your work or require you not to carry out any work;

to resign immediately from any office(s) you hold; and

to return to the Company any property belonging to it in your possession.

Notwithstanding the periods of notice specified above, the Company may terminate your employment without notice or payment in lieu of notice in the event of the following:

any serious, persistent and/or gross misconduct;

any behaviour which is, in the reasonable opinion of the Company, negligent and incompetent in the performance of your duties;

any serious or repeated breach or non-observance of any of the provisions of your Contract of Employment or refusal or neglect of any reasonable and lawful directions of the Company.

The rights of the Company under clause 11.6 are without prejudice to any other rights that it might have at law to terminate your employment or to accept any breach of this Contract by you as having brought your employment to an end. Any delay by the Company in exercising its rights to terminate shall not constitute a waiver thereof.

Upon leaving the Company, you must return to the Company any of its property that is in your possession. This includes, but is not limited to, all other documents, mobile telephones, fuel cards, personal computers, working papers, information (whether stored in electronic format or otherwise) and all other records relating to the Company and its business. You agree that you will confirm in writing that you have complied with this clause, if requested to do so by the Company, within seven days of receipt of such a request.

DISCIPLINARY RULES AND GRIEVANCE PROCEDURES

If you have a complaint or grievance concerning your employment, you should use the Grievance Procedure and raise it with your Manager in the first instance. Full details of the Grievance Procedure, which is not contractual, can be found in the Employee Handbook.

In instances where your performance or conduct falls below the standard normally expected it may be necessary to invoke the Company’s Disciplinary Procedures. Full details of the Disciplinary Rules and Procedures, which are not contractual, can be found in the Employee Handbook.

The Company reserves the right to suspend you during any investigation in connection with a disciplinary matter. During any period of suspension you will continue to receive your salary and contractual benefits.

CONFIDENTIALITY

Definitions:

You are aware that, in the course of your employment under this Contract, you will have access to confidential information, or information which you ought to reasonably know to be confidential, in respect of the business of the Company.

You agree that you shall not, at any time during your employment (except where it is necessary and proper in the course of your employment) or at any time after your employment is terminated, misuse, make public or disclose to any person, firm or company (including relatives and/or friends) any Confidential Information.

All notes and memoranda of any trade secrets or Confidential Information concerning the Company, including all lists of clients or customers, correspondence and all other documents, papers and records (including that stored in electronic format) which have been prepared by you or have come into your possession in the course of your employment with the Company, shall be surrendered by you at the termination of your employment or at the request of the Company at any time during the course of your employment.

Any breach of the Confidentiality clauses above will be regarded as a disciplinary matter and could lead to your dismissal.

INTELLECTUAL PROPERTY

“Intellectual Property” includes computer software, letters, patents, trade marks (whether registered or unregistered designs), designs, utility models, copyrights (including design copyright applications for any of the foregoing and the right to apply for them in any part of the world), discoveries, creations, inventions or improvements on, or additions to, an invention, Confidential Information, know-how and any research (whether registered or not), moral rights and any similar rights in any country.

The parties foresee that you may make, discover or create Intellectual Property in the course of your duties under this Contract. Therefore any Intellectual Property made or discovered by you while in the service of the Company in connection with, or in any way affecting the business of, the Company or which is capable of being used or adapted for use therein or in connection therewith shall immediately be disclosed to the Company and shall belong to, and be the absolute property of, the Company.

You agree that if you are required to do so, whether during or after termination of this Contract at the expense of the Company or its nominees, you will apply or join in applying for letters patent or other similar protection in the United Kingdom or other part of the world for any Intellectual Property and execute all instruments and do all things necessary for vesting of the said letters patent or other similar protection when obtained and all right and title to and interest in the same in the Company absolutely as the sole beneficial owner or in any other such person as the Company may nominate.

If called upon reasonably to do so by the Company you will execute a power of attorney in such form as the Company may require irrevocably appointing the Company to be your attorney in your name and on your behalf to execute and do any such instrument or thing and generally to use your name for the purpose of giving to the Company the full benefit and provisions of this clause.

The rights and obligations under this clause shall continue in force after termination of this Contract in respect of Intellectual Property made during your employment and shall be binding upon your representatives.

EXPENSES

The Company will meet all reasonable expenses wholly, properly and necessarily incurred by you in the course of your employment in accordance with its Expenses Policy, which can be found in the Employee Handbook, and upon your production of appropriate receipts and any other supporting documentation as required.

OTHER EMPLOYMENT

You may not, without the prior written consent of a Director of the Company which shall not be unreasonably withheld, engage in any form of business or employment other than your employment with the Company whether inside or outside your normal hours of work.

Nothing in this clause 16 shall prevent you from holding or otherwise being interested in any shares or other securities of any company which are for the time being quoted on any recognised stock exchange, so long as that interest in such shares or other securities does not extend to more than 5% of the total amount of such shares or securities.

HEALTH AND SAFETY

In accordance with the requirements of the Health and Safety at Work Act 1974, the Company has a Health and Safety Policy Statement. A copy of this is contained in the Employee Handbook. You must read and ensure you are familiar with the Health and Safety Policy in the Employee Handbook. You will be expected to use any safety equipment provided by the Company and to take responsibility for your own health and safety as well as that of others.

If you work at the Company’s research partners’ premises you must ensure that you familiarise yourself and comply with site-specific Health and Safety requirements.

Any breach of the Health and Safety rules and procedures will be subject to the Disciplinary Procedure.

COLLECTIVE AGREEMENTS

There are no collective agreements in force affecting your employment.

PROCESSING OF INFORMATION

You consent to the Company and its appointed agents where reasonably necessary, holding and processing, both electronically and manually, the data that it collects in relation to you and your employment. This will include other personal data that they require for the purposes of this employment. This will be for the purposes of the Company’s management and administration of its employees and its business and/or for compliance with applicable procedures, laws and regulations and to the storage, transfer and processing by the Company or its agent(s) of such data. The records that the Company holds and processes will include, but are not limited to, personal details held within the personnel records and information concerning sickness and absence.

MONITORING OF E-MAILS, INTERNET AND TELEPHONE CALLS

There are times when the Company may need to monitor the use of e-mails, the Internet and telephone calls made by its Directors and employees, for example, to investigate suspected misuse or breaches of the law or Company rules and procedures. By signing this Contract, you consent to the Company so doing. Further details are set out in the Employee Handbook.

RESTRICTIVE COVENANTS

Non-competition

Non-solicitation of customers

Non-dealing with customers

Non-solicitation of employees

Non-interference with supplies

General

GOVERNING LAW

Your terms of employment with the Company are governed by English law and the parties submit to the exclusive jurisdiction of Courts of England and Wales. The invalidity or un- enforceability of any provision of this Contract shall not affect the validity or enforceability of any other provision of this Contract.

VARIATION OF TERMS

The Company reserves the right to vary and amend the terms and conditions of employment from time to time and will give you reasonable notice of any such change.

CANCELLATION OF EARLIER AGREEMENTS

This Contract supersedes all earlier agreements or arrangements between you and the Company or any associates, subsidiaries or group companies.

THIRD PARTY RIGHTS

No person other than you and the Company may enforce any terms of this Contract.

Clause 11.1 shall be amended so as to read as follows:

By inserting new clause 26, which shall read as follows:

COMPENSATION UPON TERMINATION outside a change of control period

Subject to the remainder of this clause 26, if you give notice to terminate your employment as a direct consequence of the occurrence of a Good Reason (as defined in clause 26.2) and after following the Good Reason Process (as set out in clause 26.3) you shall be entitled to receive:

an amount equal to nine months of your Basic Salary, subject to deductions for income taxation and national insurance contributions (the "Severance Payment");

notwithstanding anything to the contrary in the Company's bonus plan for senior executives, as in effect from time to time, an amount equal to your annual cash incentive compensation for the year prior to the year in which your employment terminates, but only to the extent that it (i) has not already been paid, and (ii) otherwise would have been earned if you had remained employed through the payment date (the "Prior Year Bonus");

either (such option to be at the Company’s election and in accordance with applicable law):

to the extent permissible under the rules of the relevant schemes, continued coverage under the Health Insurance Scheme, the LTD Scheme, the Critical Illness Scheme and Death in Service Scheme following the termination of your employment on the terms currently available to you and subject to the rules of the relevant scheme and the terms of any related policy of insurance as amended from time to time; or

an amount equal to the cost to the Company of providing coverage to you under the Health Insurance Scheme, the LTD Scheme, the Critical Illness Scheme and Death in

Service Scheme following the termination of your employment at the premium rate which applied immediately prior to the termination of your employment;

either (such option to be at your election):

a contribution by the Company of up to £15,000 towards the cost of services to be provided to you by an outplacement services provider to be selected by the Company, provided that you begin utilising such services no later than one month after the termination of your employment, such payment to be made directly to the provider following receipt of appropriate invoices addressed to you; or

the amount of £11,250 in lieu of a contribution towards the cost of outplacement services;

For the purpose of this clause 26, "Good Reason" means the occurrence of any of the following events without your express consent:

a material diminution in your responsibilities, authority or duties, provided that any organisational change that results only in a change in your reporting structure or arises from your suspension for the purpose of a disciplinary investigation or a disciplinary sanction issued to you by the Company pursuant to the Company's Disciplinary Procedures shall not constitute a material diminution in your responsibilities, authority or duties;

a material diminution in your Basic Salary, except for across-the-board salary reductions based on the Company's financial performance similarly affecting all or substantially all senior management employees of the Company;

a material change in the geographic location at which you are required to provide services to the Company; or

a material breach of this agreement by the Company.

For the purpose of this clause 26, "Good Reason Process" means that:

you have reasonably determined in good faith that one of the Good Reason conditions listed in clause 26.2(a) to 26.2(c) has occurred;

you have notified the Company in writing of the first occurrence of the Good Reason condition within 60 days of the first occurrence of such condition;

you have cooperated in good faith with the Company’s efforts, for a period not less than 30 days following such notice (the "Cure Period"), to remedy the condition;

notwithstanding such efforts, the Good Reason condition continues to exist; and

you have terminated your employment by giving notice to the Company within 60 days following

the conclusion of the Cure Period.

For the avoidance of doubt, the parties agree that if the Company cures the Good Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred and you shall have no rights in connection with or under this clause 26.

The entitlements under clause 26.1 above shall replace any entitlement to notice under clause 11 of this agreement and shall be inclusive of any statutory entitlement to which you would be entitled on termination of your employment.

Subject to the remainder of this clause 26, if the Company gives notice to terminate your employment without Cause (as defined in clause 27.10), you shall be entitled to receive:

six months' written notice in writing from the Company.  The Company may exercise its rights under clauses 11.4 (Payment in Lieu of Notice) or 11.5 (Garden Leave) of this agreement at any time during that period;

an amount equal to three months of your Basic Salary, subject to deductions from income taxation and national insurance contributions (the "Without Cause Severance Payment");

the Prior Year Bonus;

the Benefits for a period of nine months (save that where you are required to work your notice period, or serve your notice period on garden leave, the time such period shall be reduced pro rata for the period of the notice); and

the Outplacement.

The Severance Payment, the Without Cause Severance Payment and any Benefits payment pursuant to clauses 26.1(c)(ii) shall be paid to you in substantially equal monthly instalments in accordance with the Company's payroll practice following the termination of your employment.  

The Prior Year Bonus (if applicable) shall be paid in a lump sum when such amount is actually determined and annual bonuses are paid out to executives of Orchard Therapeutics North America for the relevant period, provided that the Prior Year Bonus (if applicable) shall be paid no later than the 15 March following date on which your employment terminates.

Whichever of the Benefits options is paid or provided to you, it shall cease upon you receiving equivalent cover via a new employment or through spouse or partner coverage, and you shall be obliged to notify the Company within seven days of obtaining new employment on such terms or otherwise receiving equivalent cover.

Each of the Severance Payment, Without Cause Severance Payment, Prior Year Bonus and any Benefits and Outplacement payments shall be subject to deductions for income taxation and national insurance contributions, and you undertake to be responsible for any income tax or employees' national insurance contributions due in respect of such benefits and to indemnify the Company in respect of the same.

The payments and benefits referred to in this clause 26 shall be subject to and conditional on you signing a settlement agreement in a form and manner acceptable to the Company within 60 days of the date on which your employment terminates and which shall include, without limitation, a general release of contractual and statutory claims against the Company and all related persons and entities and a reaffirmation of all of your continuing obligations to the Company under this agreement or any other agreement between you and the Company which are expressed to survive termination of your employment (including but not limited to clauses 13 (Confidentiality), 14 (Intellectual Property) and 21 (Restrictive Covenants) of this agreement).

By inserting new clause 27, which shall read as follows:

COMPENSATION UPON TERMINATION within a change of control period

This clause 27 shall apply in lieu of and shall supersede the provisions of clause 26 if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control of the Parent (such period, the "Change in Control Period").  For the avoidance of doubt, the provisions of this clause 27 shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control of the Parent.

Subject to the remainder of this clause 27, if during the Change in Control Period your employment is terminated by the Company without Cause or you terminate your employment for a Good Reason as defined in clause 26.2 and after following the Good Reason Process set out in clause 26.3, you shall be entitled to receive:

an amount equal to twelve months of your Basic Salary (or your Basic Salary in effect immediately prior to the Change in Control of the Parent, if higher), subject to deductions for income taxation and national insurance contributions (the "CIC Good Reason Severance Payment"); and

an amount equal to your target annual bonus compensation for the financial year in which your employment terminates (the "Target Bonus");

the Benefits for a period of 12 months; and

the Outplacement.

The entitlements set out under clause 27.2 above shall replace any entitlement to notice under clause 11 of this agreement and shall be inclusive of any statutory entitlement to which you would be entitled on termination of your employment.

Subject to the remainder of this clause 27, if the Company gives notice to terminate your employment without Cause (as defined in clause 27.10), you shall be entitled to receive:

six months' written notice in writing from the Company.  The Company may exercise its rights under clauses 11.4 (Payment in Lieu of Notice) or 11.5 (Garden Leave) of this agreement at any time during that period;

an amount equal to six months of your Basic Salary, subject to deductions from income taxation and national insurance contributions (the "CIC Without Cause Severance Payment");

the Target Bonus;

the Benefits for a period of 12 months (save that where you are required to work your notice period, or serve your notice period on garden leave, the time such period shall be reduced pro rata for the period of the notice); and

the Outplacement.

The CIC Good Reason Severance Payment, the CIC Without Cause Severance Payment and the Target Bonus shall be paid in a lump sum within sixty days of date on which your employment terminates.

Whichever of the Benefits options is paid or provided to you, it shall cease upon you receiving equivalent cover via a new employment or through spouse or partner coverage, and you shall be obliged to notify the Company within seven days of obtaining new employment on such terms or otherwise receiving equivalent cover.

Each of the CIC Good Reason Severance Payment, the CIC Without Case Severance Payment, the Target Bonus and any Benefits and Outplacement payments shall be subject to deductions for income taxation and national insurance contributions, and you undertake to be responsible for any income tax or employees' national insurance contributions due in respect of such benefits and to indemnify the Company in respect of the same.

Without prejudice to any other provision of this agreement and subject to the remainder of this clause if during the Change in Control Period your employment is terminated by the Company without Cause or you terminate your employment for a Good Reason as defined in clause 26.2 and after following the Good Reason Process set out in clause 26.3, then the Company shall procure that notwithstanding anything to the contrary in any applicable option agreement or other stock-based award agreement, all stock options and other stock-based awards held by you ("Equity Awards") you hold shall immediately accelerate and become fully exercisable or nonforfeitable as of the later of the date on which your employment terminates or the date of the settlement agreement entered into pursuant to clause 27.9 below (the "Accelerated Vesting Date"), provided that any termination or forfeiture of the unvested portion of such Equity Awards that would otherwise occur on the date on which your employment terminates in the absence of this clause 27.7 will be delayed until the date of the settlement agreement entered into pursuant to clause 27.9 below, and will only occur if the settlement agreement does not become effective; and

The payments and benefits referred to in this clause 27 shall be subject to and conditional on you signing a settlement agreement in a form and manner acceptable to the Company within 60 days of the date on which your employment terminates and which shall include, without limitation, a general release of contractual and statutory claims against the Company and all related persons and entities and a reaffirmation of all of your continuing obligations to the Company under this agreement or any other agreement between you and the Company which are expressed to survive termination of your employment (including but not limited to clauses 13 (Confidentiality), 14 (Intellectual Property) and 21 (Restrictive Covenants) of this agreement).

For the purpose of clauses 26 and 27:

Cause" shall mean

your arrest for or conviction of a crime;

your material breach of this agreement or other obligation to the Company;

your gross or wilful negligence in performing your duties or material failure to perform your duties;

your wilful failure or refusal to accept, acknowledge or carry out the Company’s lawful and reasonable written direction;

your conduct which is unlawful, fraudulent, dishonest, creates a conflict of interest with the Company, causes material damage to the Company or materially interferes with the Company’s business operations.

"Change in Control of the Parent" shall mean a "Sale Event" as defined in Orchard Therapeutics plc 2018 Share Option and Incentive Plan.

You acknowledge that because of the nature of your duties and the particular responsibilities arising as a result of such duties owed to the Company, you have knowledge of Confidential Information (including but not limited to details of customers and suppliers), and you are therefore in a position to harm the Company's legitimate business interests if he were to make use of such Confidential Information for your own purposes or for the purposes of another.  Accordingly, in consideration of the benefits provided to you under new clauses 26 and 27, clause 21 is amended to:

replace the word "six" in clauses 21.2 and 21.4 with the word "nine";

replace the word "six" in clauses 21.3 and 21.5 with the word "twelve"; and

add the following wording at the end of clause 21.6 "None of the restrictions in clause 21 shall prevent you from holding an investment by way of shares or other securities of not more than 5 per cent. of the total issued share capital of any company whether or not it is listed or dealt in on any recognised stock exchange".