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WELLA MANAGEMENT EQUITY PROGRAM: WINS

2022 RSU Management Equity Incentive Plan

RSU PLAN RULES (ALL MANAGERS)

ADOPTED 21 JUNE 2022 AND AMENDED 12 JUNE 2025

1.    GENERAL

1.1    In connection with the management incentive plan established by the Company pursuant to the Management Shareholders’ Agreement (the “MEP”), Wella has created the Plan for Employees. The Plan is effective from the Effective Date and gives Employees an opportunity to directly/indirectly acquire shares of the Company and thereby to participate in the future long-term success and prosperity of the Wella Group.

1.2    These Rules, as amended on 12 June 2025, have been approved by the Bidco Board and determine the rules for all of the Awards made under the Plan.

1.3    The Plan shall be administered by the Company Board or any other person or persons acting under delegated authority from the Company Board from time to time.

2.    DEFINITIONS AND INTERPRETATION

2.1    In these Rules, unless otherwise defined:

Articles means the articles of association of the Company from time to time.

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Wella WINS

RSU Plan Rules (Bidco Board)

WELLA MANAGEMENT EQUITY PROGRAM: WINS

2022 RSU Management Equity Incentive Plan

RSU PLAN RULES (BIDCO BOARD)
ADOPTED 21 JUNE 2022 AND AMENDED 12 JUNE 2025

1.GENERAL

1.1In connection with the management incentive plan established by the Company pursuant to the Management Shareholders’ Agreement (the “MEP”), Wella has created the Plan for Employees. The Plan is effective from the Effective Date and gives Employees an opportunity to directly/indirectly acquire shares of the Company and thereby to participate in the future long-term success and prosperity of the Wella Group.

1.2These Rules, as amended on 12 June 2025, have been approved by the Bidco Board and determine the rules for all of the Awards made under the Plan.

1.3The Plan shall be administered by the Company Board or any other person or persons acting under delegated authority from the Company Board from time to time.

2.DEFINITIONS AND INTERPRETATION

2.1In these Rules, unless otherwise defined:

Articles means the articles of association of the Company from time to time.

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PRIVATE AND CONFIDENTIAL

Glenn Murphy

[Address]

[*]

[date]

31 January 2023

Dear Glenn,

Letter of appointment

Each of Rainbow Capital Group Limited (“Rainbow Capital”) and Rainbow UK Bidco Limited (the "Company") are pleased to ask you to undertake the post of director and chairman of the board of directors (the "Board") of the Company. The purpose of this letter is to set out the main terms of your appointment.

By accepting this appointment, you agree that this letter is a contract for services and is not a contract of employment, and you confirm that you are not subject to any restrictions which prevent you from holding office as a director.

1APPOINTMENT

1.1Rainbow Capital has agreed to appoint you, pursuant to article 18.2 of the articles of association of the Company with effect from the date of this letter, as a director and the chairman of the Company.

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Award Certificate

This agreement is dated ___________________

PARTIES

This agreement is made by:

[WELLA LUX MANCO S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of the Grand Duchy of Luxembourg (thePartnership), registered with the Luxembourg Trade and Companies Register (Registre de commerce et des société, Luxembourg) under number B253279, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and acting through its general partner, Wella Lux Manco GP S.à r.l, a Luxembourg private limited liability company (société à responsabilité limitée) incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Trade and Companies Register (Registre de commerce et des sociétés, Luxembourg) under number B253265]1[WELLA LUX MANCO 2 S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of t

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WELCOME TO WELLA COMPANY

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Award Certificate

This agreement is dated ____________________

PARTIES

This agreement is made by:

[WELLA LUX MANCO S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of the Grand Duchy of Luxembourg (thePartnership), registered with the Luxembourg Trade and Companies Register (Registre de commerce et des société, Luxembourg) under number B253279, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and acting through its general partner, Wella Lux Manco GP S.à r.l, a Luxembourg private limited liability company (société à responsabilité limitée) incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Trade and Companies Register (Registre de commerce et des sociétés, Luxembourg) under number B253265]1[WELLA LUX MANCO 2 S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of

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Award Certificate

This agreement is dated ___________________

PARTIES

This agreement is made by:

RAINBOW CAPITAL GROUP LIMITED, a private limited company incorporated under the laws of Jersey (the Company), having its registered office at 2nd Floor, Sir Walter Raleigh House, 48-50 Esplanade, St. Helier, Jersey JE2 3QB and with registered company number 131574; and

[INSERT NAME OF EMPLOYEE] of [insert residential address of employee] (the Award Holder).

BACKGROUND

A.The Company adopted the 2022 RSU Management Equity Incentive Plan for the Bidco Board on 21 June 2022, as amended and/or restated from time to time (the Plan).

B.The Company wishes to grant an RSU under the Plan (the Award) to the Award Holder, on the terms specified in this agreement (the Award Certificate). Terms in this Award Certificate such as youand yourrefer to and address the Award Holder.

AGREED TERMS

1.INTERPRETATION

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Award Certificate

This agreement is dated ___________________ (the Grant Date)

PARTIES

This agreement is made by:

[WELLA LUX MANCO S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of the Grand Duchy of Luxembourg (thePartnership), registered with the Luxembourg Trade and Companies Register (Registre de commerce et des société, Luxembourg) under number B253279, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and acting through its general partner, Wella Lux Manco GP S.à r.l, a Luxembourg private limited liability company (société à responsabilité limitée) incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Trade and Companies Register (Registre de commerce et des sociétés, Luxembourg) under number B253265]1[WELLA LUX MANCO 2 S.C.SP, a special limited partnership (société en commandite speciale) organised un

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UPDATEDVERSION:MARCH9,2026

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Award Certificate

This agreement is dated ___________________ (the Grant Date)

PARTIES

This agreement is made by:

[WELLA LUX MANCO S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of the Grand Duchy of Luxembourg (thePartnership), registered with the Luxembourg Trade and Companies Register (Registre de commerce et des société, Luxembourg) under number B253279, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and acting through its general partner, Wella Lux Manco GP S.à r.l, a Luxembourg private limited liability company (société à responsabilité limitée) incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Trade and Companies Register (Registre de commerce et des sociétés, Luxembourg) under number B253265]1[WELLA LUX MANCO 2 S.C.SP, a special limited partnership (société en commandite speciale) organised un

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Mallory Martino

WELCOME TO WELLA

COMPANY

WELLA COMPANY | 104 WEST 40TH STREET, 15TH FLOOR, NEW YORK, NY 10018 | WELLACOMPANY.COM

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Mallory Martino

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