Long term assignment letter, dated as of July 8, 2019, between UL International Singapore Private Limited and Gitte Schjotz

July 8, 2019

Gitte Schjotz

Dear Gitte:

Local country benefit plans will apply, with the exception of medical, dental and retirement benefits. You will be enrolled in an international medical and dental plan, which will be effective as of the formal start date of your assignment (subject to timely completion of enrollment materials, which will be sent separately). It is anticipated that you will continue to participate in your home country retirement plan. If you cannot do so, due to tax or other considerations, you will receive a taxable gross cash amount in lieu of the contribution that the company would otherwise make to your home country plan (10% of gross base salary). Should you become eligible to participate in the Singapore Central Provident Fund (only Singapore permanent residents/citizens), any other company retirement contributions would cease.

Because relocation often results in unplanned expenditures, UL will provide you with a one-time

settling in allowance of one month gross base salary (taxable income) prior to the beginning, or

shortly after the start, of your assignment. This amount is SGD57,083. This is not a regular

component of your salary and will not be included when benefits, incentive/bonus payments, or

performance based salary increases are calculated.

You will receive SGD59,000 annually (taxable) for the cost of car lease or car allowance for the duration of your assignment.

UL agrees to reimburse you for the cost of tuition for your school-aged child in Singapore for the

–Temporary Living Accommodation - UL will provide temporary living accommodations including hotel, meals and local transportation, for up to 60 days as arranged by Singapore Human Resources.

–Rental Deposit – UL will pay a rental deposit of two month’s actual rent. This rental deposit is repayable to UL when you terminate the lease, or terminate your employment with UL or upon the expiry of the lease agreement whichever is earlier.

If you voluntarily terminate employment or are terminated for cause within one (1) year of receiving relocation policy benefits from the Company, such relocation benefits will be due back to the Company as follows:

1)if termination occurs within 1 month of relocation, 100% due back to the Company;

2)if termination occurs within 1 year of relocation, a pro-rated amount will be due, i.e., for a termination after 9 months, 60% will be due to the Company.

Please see the Employee Reimbursement Agreement contained within Appendix I of the Global Relocation Policy, which you are asked to complete in addition to your signed assignment letter.

Yours Sincerely,

Adrian Groom

VP, Human Resources

I hereby agree and accept this assignment as outlined above. I understand all policies that apply to employees of UL International Singapore Private Limited will also apply to me unless specifically changed by the “Global Assignment Policy”. I also understand that this is not a Contract of Employment, but an agreement that supplements any existing arrangements.