X0306 4 2018-04-02 0 0001422841 AquaVenture Holdings Ltd WAAS 0001237644 HANRAHAN PAUL T C/O CONYERS CORP. SERVICES (B.V.I.) LTD. COMMERCE HOUSE, WICKHAMS CAY 1 ROAD TOWN D8 VG11110 VIRGIN ISLANDS, BRITISH 1 0 0 0 Ordinary Shares 7114 D Deferred Compensation - Phantom Share Unit 2018-04-02 4 A 0 1227.05 11.98 A Ordinary Shares 1227.05 2140.09 D Each phantom share unit (which is in the form of a deferred compensation share unit) is the economic equivalent of one ordinary share of the Issuer. Represents the number of phantom share units credited to the reporting person's deferred account pursuant to the Issuer's Independent Directors' Deferred Compensation Program (the "Program") which was established under the Issuer's 2016 Share Option and Incentive Plan (the "Plan"). The number of whole and fractional phantom share units credited to the reporting person's deferred account is equal to 120% of the aggregate deferred cash fees that would otherwise be payable on such date divided by the closing price of the Issuer's ordinary shares on the award date. Whole and fractional phantom share units credited to the reporting person's deferred account shall be settled in ordinary shares and cash, respectively, upon the earlier of the reporting person's death, disability, separation from the board, sale event (as defined in the Plan) or December 31, 2019. /s/ Chad Schafer, attorney-in-fact 2018-04-03