Exhibit 4.7


 


SYNAGEVA BIOPHARMA CORP.


 


2014 EQUITY INCENTIVE PLAN


 


1. DEFINITIONS.


 


Unless otherwise specified or unless the context otherwise requires,
the following terms, as used in this Synageva BioPharma Corp. 2014 Equity Incentive Plan, have the following meanings:


 


Administrator means the Board of Directors, unless
it has delegated power to act on its behalf to the Committee, in which case the Administrator means the Committee.


 


Affiliate means a corporation which, for purposes
of Section 424 of the Code, is a parent or subsidiary of the Company, direct or indirect.


 


Agreement means an agreement between the Company
and a Participant pertaining to a Stock Right delivered pursuant to the Plan in such form as the Administrator shall approve.


 


Board of Directors means the Board of Directors
of the Company.


 


Cause means (i) a Participant’s willful
failure substantially to perform his or her duties and responsibilities to the Company or deliberate violation of any Company policy;
(ii) Participant’s commission of any act of fraud, embezzlement, dishonesty or any other willful misconduct that has
caused or is reasonably expected to result in material injury to the Company; (iii) unauthorized use or disclosure by Participant
of any proprietary information or trade secrets of the Company or any other party to whom the Participant owes an obligation of
nondisclosure as a result of his or her relationship with the Company; or (iv) Participant’s willful breach of any of
his or her obligations under any written agreement or covenant with the Company including, but not limited to any non-competition
or similar agreement; provided, however, that any provision in an agreement between a Participant and the Company or an Affiliate,
which contains a conflicting definition of Cause for termination and which is in effect at the time of such termination, shall
supersede this definition with respect to that Participant. The determination of the Administrator as to the existence of Cause
shall be final and binding on the Participant and the Company and the term “Company” will be interpreted to include
any Affiliate, as appropriate.


 


Code means the United States Internal Revenue Code
of 1986, as amended including any successor statute, regulation and guidance thereto.


 


Committee means the committee of the Board of Directors
to which the Board of Directors has delegated power to act under or pursuant to the provisions of the Plan the composition of which
shall at all times satisfy the provisions of Section 162(m) of the Code.


 


Common Stock means shares of the Company’s
common stock, $0.001 par value per share.


 


Company means Synageva BioPharma Corp., a Delaware
corporation.


 


Consultant means any natural person who is an advisor
or consultant that provides bona fide services to the Company or its Affiliates, provided that such services are not in connection
with the offer or sale of securities in a capital raising transaction, and do not directly or indirectly promote or maintain a
market for the Company’s or its Affiliates’ securities.


 




    	 



    	 



    

 


Disability or Disabled means permanent
and total disability as defined in Section 22(e)(3) of the Code.


 


Employee means any employee of the Company or of
an Affiliate (including, without limitation, an employee who is also serving as an officer or director of the Company or of an
Affiliate), designated by the Administrator to be eligible to be granted one or more Stock Rights under the Plan.


 


Exchange Act means the Securities Exchange Act of
1934, as amended.


 


Fair Market Value of a Share of Common Stock means:


 


(a) If the Common Stock is listed on a national securities exchange
or traded in the over-the-counter market and sales prices are regularly reported for the Common Stock, the closing or,
if not applicable, the last price of the Common Stock on the composite tape or other comparable reporting system for the trading
day on the applicable date and if such applicable date is not a trading day, the last market trading day prior to such date;


 


(b) If the Common Stock is not traded on a national securities
exchange but is traded on the over-the-counter market, if sales prices are not regularly reported for the Common Stock
for the trading day referred to in clause (a), and if bid and asked prices for the Common Stock are regularly reported, the
mean between the bid and the asked price for the Common Stock at the close of trading in the over-the-counter market for the trading
day on which Common Stock was traded on the applicable date and if such applicable date is not a trading day, the last market trading
day prior to such date; and


 


(c) If the Common Stock is neither listed on a national securities
exchange nor traded in the over-the-counter market, such value as the Administrator, in good faith, shall determine in
compliance with applicable laws.


 


ISO means an option intended to qualify as an incentive
stock option under Section 422 of the Code.


 


Non-Qualified Option means an option which
is not intended to qualify as an ISO.


 


Option means an ISO or Non-Qualified Option
granted under the Plan.


 


Participant means an Employee, director or Consultant
of the Company or an Affiliate to whom one or more Stock Rights are granted under the Plan. As used herein, “Participant”
shall include “Participant’s Survivors” where the context requires.


 


Performance Based Award means a Stock Grant or Stock-Based
Award as set forth in Paragraph 9 hereof.


 


Performance Goals means performance goals
based on one or more of the following criteria: (i) pre-tax income or after-tax income; (ii) income or earnings
including operating income, earnings before or after taxes, interest, depreciation, amortization, and/or extraordinary or
special items; (iii) net income excluding amortization of intangible assets, depreciation and impairment of goodwill and
intangible assets and/or excluding charges attributable to the adoption of new accounting pronouncements; (iv) earnings
or book value per share (basic or diluted); (v) return on assets (gross or net), return on investment, return on
capital, or return on equity; (vi) return on revenues; (vii) cash flow, free cash flow, cash flow return on
investment (discounted or otherwise), net cash provided by operations, or cash flow in excess of cost of capital;
(viii) economic value created; (ix) operating margin or profit margin; (x) stock price or total stockholder
return; (xi) income or earnings from continuing operations; (xii) cost targets, reductions and savings, expense
management, productivity and efficiencies; (xiii) operational objectives, consisting of one or more objectives based on
achieving progress in research and development programs or achieving regulatory milestones related to development and or
approval of products; and (xiv) strategic business criteria, consisting of one or more objectives based on meeting
specified market penetration or market share of one or more products or customers, geographic business expansion, customer
satisfaction, employee satisfaction, human resources management, supervision of litigation, information technology, and goals
relating to acquisitions, divestitures, joint ventures and similar transactions. Where applicable, the Performance Goals may
be expressed in terms of attaining a specified level of the particular criterion or the attainment of a percentage increase
or decrease in the particular criterion, and may be applied to one or more of the Company or an Affiliate of the Company, or
a division or strategic business unit of the Company, all as determined by the Committee. The Performance Goals may include a
threshold level of performance below which no Performance-Based Award will be issued or no vesting will occur, levels of
performance at which Performance-Based Awards will be issued or specified vesting will occur, and a maximum level of
performance above which no additional issuances will be made or at which full vesting will occur. Each of the foregoing
Performance Goals shall be evaluated in accordance with generally accepted accounting principles, where applicable, and shall
be subject to certification by the Committee. The Committee shall have the authority to make equitable adjustments to the
Performance Goals in recognition of unusual or non-recurring events affecting the Company or any Affiliate or the financial
statements of the Company or any Affiliate, in response to changes in applicable laws or regulations, or to account for items
of gain, loss or expense determined to be extraordinary or unusual in nature or infrequent in occurrence or related to the
disposal of a segment of a business or related to a change in accounting principles provided that any such change shall at
all times satisfy the provisions of Section 162(m) of the Code.


 




    	 



    	 



    

 






Plan means this Synageva BioPharma Corp. 2014 Equity
Incentive Plan.


 


Securities Act means the Securities Act of 1933,
as amended.


 


Shares means shares of the Common Stock as to which
Stock Rights have been or may be granted under the Plan or any shares of capital stock into which the Shares are changed or for
which they are exchanged within the provisions of Paragraph 3 of the Plan. The Shares issued under the Plan may be authorized
and unissued shares or shares held by the Company in its treasury, or both.


 


Stock-Based Award means a grant by the Company under
the Plan of an equity award or an equity based award which is not an Option or a Stock Grant, which the Committee may, in its sole
discretion, structure to qualify in whole or in part as “performance-based compensation” under Section 162(m)
of the Code.


 


Stock Grant means a grant by the Company of Shares
under the Plan, which the Committee may, in its sole discretion, structure to qualify in whole or in part as “performance-based
compensation” under Section 162(m) of the Code.


 


Stock Right means a right to Shares or the value
of Shares of the Company granted pursuant to the Plan—an ISO, a Non-Qualified Option, a Stock Grant or a Stock-Based Award.


 


Survivor means a deceased Participant’s legal
representatives and/or any person or persons who acquired the Participant’s rights to a Stock Right by will or by the laws
of descent and distribution.


 


2. PURPOSES OF THE PLAN.


 


The Plan is intended to encourage ownership of Shares by
Employees and directors of and certain Consultants to the Company and its Affiliates in order to attract and retain such
people, to induce them to work for the benefit of the Company or of an Affiliate and to provide additional incentive for them
to promote the success of the Company or of an Affiliate. The Plan provides for the granting of
ISOs, Non-Qualified Options, Stock Grants and Stock-Based Awards.


 




    	 



    	 



    


 


3. SHARES SUBJECT TO THE PLAN.


 


(a) The number of Shares which may be issued from time to time
pursuant to this Plan shall be the sum of: (i) 4,000,000 shares of Common Stock and (ii) any shares of Common Stock that
are represented by awards granted under the Company’s 2005 Stock Plan that are forfeited, expire or are cancelled without
delivery of shares of Common Stock or which result in the forfeiture of shares of Common Stock back to the Company on or after
June 4, 2014, or the equivalent of such number of Shares after the Administrator, in its sole discretion, has interpreted
the effect of any stock split, stock dividend, combination, recapitalization or similar transaction in accordance with Paragraph
23 of this Plan; provided, however, that no more than 1,000,000 Shares shall be added to the Plan pursuant to subsection (ii).


 


(b) If an Option ceases to be “outstanding”, in
whole or in part (other than by exercise), or if the Company shall reacquire (at not more than its original issuance price) any
Shares issued pursuant to a Stock Grant or Stock-Based Award, or if any Stock Right expires or is forfeited, cancelled, or otherwise
terminated or results in any Shares not being issued, the unissued or reacquired Shares which were subject to such Stock Right
shall again be available for issuance from time to time pursuant to this Plan. Notwithstanding the foregoing, if a Stock Right
is exercised, in whole or in part, by tender of Shares or if the Company or an Affiliate’s tax withholding obligation is
satisfied by withholding Shares, the number of Shares deemed to have been issued under the Plan for purposes of the limitation
set forth in Paragraph 3(a) above shall be the number of Shares that were subject to the Stock Right or portion thereof, and not
the net number of Shares actually issued. However, in the case of ISOs, the foregoing provisions shall be subject to any limitations
under the Code.


 


4. ADMINISTRATION OF THE PLAN.


 


The Administrator of the Plan will be the Board of Directors,
except to the extent the Board of Directors delegates its authority to the Committee, in which case the Committee shall be the
Administrator. Notwithstanding the foregoing, the Board of Directors may not take any action that would cause any outstanding Stock
Right that would otherwise qualify as performance-based compensation under Section 162(m) of the Code to fail to so qualify.
Subject to the provisions of the Plan, the Administrator is authorized to:


 


(a) Interpret the provisions of the Plan and all Stock Rights
and to make all rules and determinations which it deems necessary or advisable for the administration of the Plan;


 


(b) Determine which Employees, directors and Consultants shall
be granted Stock Rights;


 


(c) Determine the number of Shares for which a Stock Right or
Stock Rights shall be granted, provided, however, that in no event shall Stock Rights with respect to more than 1,000,000 Shares
be granted to any Participant in any fiscal year;


 


(d) Specify the terms and conditions upon which a Stock Right
or Stock Rights may be granted;


 


(e) Determine Performance Goals no later than such time as required
to ensure that a Performance-Based Award which is intended to comply with the requirements of Section 162(m) of the Code so
complies;


 


(f) Amend any term or condition of any outstanding Stock Right,
other than reducing the exercise price or purchase price provided that (i) such term or condition as amended is not prohibited
by the Plan; (ii) any such amendment shall not impair the rights of a Participant
under any Stock Right previously granted without such Participant’s consent or in the event of death of the Participant the
Participant’s Survivors; and (iii) any such amendment shall be made only after the Administrator determines whether
such amendment would cause any adverse tax consequences to the Participant, including, but not limited to, the annual vesting limitation
contained in Section 422(d) of the Code and described in Paragraph 6(b)(iv) below with respect to ISOs and pursuant to Section 409A
of the Code;


 




    	 



    	 



    

 


(g) Make any adjustments in the Performance Goals included in
any Performance-Based Awards provided that such adjustments comply with the requirements of Section 162(m) of the Code; and


 


(h) Adopt any sub-plans applicable to residents of any specified
jurisdiction as it deems necessary or appropriate in order to comply with or take advantage of any tax or other laws applicable
to the Company, any Affiliate or to Participants or to otherwise facilitate the administration of the Plan, which sub-plans may
include additional restrictions or conditions applicable to Stock Rights or Shares issuable pursuant to a Stock Right;


 


provided, however, that all such interpretations, rules, determinations,
terms and conditions shall be made and prescribed in the context of not causing any adverse tax consequences under Section 409A
of the Code and preserving the tax status under Section 422 of the Code of those Options which are designated as ISOs and
in accordance with Section 162(m) of the Code for all other Stock Rights to which the Committee has determined Section 162(m)
is applicable. Subject to the foregoing, the interpretation and construction by the Administrator of any provisions of the Plan
or of any Stock Right granted under it shall be final, unless otherwise determined by the Board of Directors, if the Administrator
is the Committee. In addition, if the Administrator is the Committee, the Board of Directors may take any action under the Plan
that would otherwise be the responsibility of the Committee.


 


To the extent permitted under applicable law, the Board of Directors
or the Committee may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate
all or any portion of its responsibilities and powers to any other person selected by it. The Board of Directors or the Committee
may revoke any such allocation or delegation at any time. Notwithstanding the foregoing, only the Board of Directors or the Committee
shall be authorized to grant a Stock Right to any director of the Company or to any “officer” of the Company as defined
by Rule 16a-1 under the Exchange Act.


 


5. ELIGIBILITY FOR PARTICIPATION.


 


The Administrator will, in its sole discretion, name the Participants
in the Plan; provided, however, that each Participant must be an Employee, director or Consultant of the Company or of an Affiliate
at the time a Stock Right is granted. Notwithstanding the foregoing, the Administrator may authorize the grant of a Stock Right
to a person not then an Employee, director or Consultant of the Company or of an Affiliate; provided, however, that the actual
grant of such Stock Right shall be conditioned upon such person becoming eligible to become a Participant at or prior to the time
of the execution of the Agreement evidencing such Stock Right. ISOs may be granted only to Employees who are deemed to be residents
of the United States for tax purposes. Non-Qualified Options, Stock Grants and Stock-Based Awards may be granted to any Employee,
director or Consultant of the Company or an Affiliate. The granting of any Stock Right to any individual shall neither entitle
that individual to, nor disqualify him or her from, participation in any other grant of Stock Rights or any grant under any other
benefit plan established by the Company or any Affiliate for Employees, directors or Consultants.


 




    	 



    	 



    

 


6. TERMS AND CONDITIONS OF OPTIONS.


 


Each Option shall be set forth in writing in an Option Agreement,
duly executed by the Company and, to the extent required by law or requested by the Company, by the Participant. The Administrator
may provide that Options be granted subject to such terms and conditions, consistent with the terms and conditions specifically
required under this Plan, as the Administrator may deem appropriate including, without limitation, subsequent approval by the shareholders
of the Company of this Plan or any amendments thereto. The Option Agreements shall be subject to at least the following terms and
conditions:


 


(a) Non-Qualified Options: Each Option intended
to be a Non-Qualified Option shall be subject to the terms and conditions which the Administrator determines to be appropriate
and in the best interest of the Company, subject to the following minimum standards for any such Non-Qualified Option:


 


(i) Exercise Price: Each Option Agreement shall
state the exercise price per share of the Shares covered by each Option, which exercise price shall be determined by the Administrator
and shall be at least equal to the Fair Market Value per share of Common Stock on the date of grant of the Option.


 


(ii) Number of Shares: Each Option Agreement shall
state the number of Shares to which it pertains.


 


(iii) Vesting: Each Option Agreement shall state
the date or dates on which it first is exercisable and the date after which it may no longer be exercised, and may provide that
the Option rights accrue or become exercisable in installments over a period of months or years, or upon the occurrence of certain
performance conditions or the attainment of stated goals or events.


 


(iv) Additional Conditions: Exercise of any Option
may be conditioned upon the Participant’s execution of a Share purchase agreement in form satisfactory to the Administrator
providing for certain protections for the Company and its other shareholders, including requirements that:


 


A. The Participant’s or the Participant’s Survivors’
right to sell or transfer the Shares may be restricted; and


 


B. The Participant or the Participant’s Survivors may
be required to execute letters of investment intent and must also acknowledge that the Shares will bear legends noting any applicable
restrictions.


 


(v) Term of Option: Each Option shall terminate
not more than ten years from the date of the grant or at such earlier time as the Option Agreement may provide.


 


(b) ISOs: Each Option intended to be an ISO shall
be issued only to an Employee who is deemed to be a resident of the United States for tax purposes, and shall be subject to the
following terms and conditions, with such additional restrictions or changes as the Administrator determines are appropriate but
not in conflict with Section 422 of the Code and relevant regulations and rulings of the Internal Revenue Service:


 


(i) Minimum standards: The ISO shall meet the minimum
standards required of Non-Qualified Options, as described in Paragraph 6(a) above, except clause (i) and (v) thereunder.


 


(ii) Exercise Price: Immediately before the ISO
is granted, if the Participant owns, directly or by reason of the applicable attribution rules in Section 424(d) of the Code:


 


A. 10% or less of the total combined voting
power of all classes of stock of the Company or an Affiliate, the exercise price per share of the Shares covered by each ISO shall
not be less than 100% of the Fair Market Value per share of the Common Stock on the date of grant of the Option; or


 




    	 



    	 



    

 


B. More than 10% of the total combined voting power of all classes
of stock of the Company or an Affiliate, the exercise price per share of the Shares covered by each ISO shall not be less than
110% of the Fair Market Value per share of the Common Stock on the date of grant of the Option.


 


(iii) Term of Option: For Participants who own:


 


A. 10% or less of the total combined voting
power of all classes of stock of the Company or an Affiliate, each ISO shall terminate not more than ten years from the date of
the grant or at such earlier time as the Option Agreement may provide; or


 


B. More than 10% of the total combined voting power of all classes
of stock of the Company or an Affiliate, each ISO shall terminate not more than five years from the date of the grant or at such
earlier time as the Option Agreement may provide.


 


(iv) Limitation on Yearly Exercise: The Option Agreements
shall restrict the amount of ISOs which may become exercisable in any calendar year (under this or any other ISO plan of the Company
or an Affiliate) so that the aggregate Fair Market Value (determined on the date each ISO is granted) of the stock with respect
to which ISOs are exercisable for the first time by the Participant in any calendar year does not exceed $100,000.


 


7. TERMS AND CONDITIONS OF STOCK GRANTS.


 


Each Stock Grant to a Participant shall state the principal
terms in an Agreement duly executed by the Company and, to the extent required by law or requested by the Company, by the Participant.
The Agreement shall be in a form approved by the Administrator and shall contain terms and conditions which the Administrator determines
to be appropriate and in the best interest of the Company, subject to the following minimum standards:


 


(a) Each Agreement shall state the purchase price per share,
if any, of the Shares covered by each Stock Grant, which purchase price shall be determined by the Administrator but shall not
be less than the minimum consideration required by the Delaware General Corporation Law, if any, on the date of the grant of the
Stock Grant;


 


(b) Each Agreement shall state the number of Shares to which
the Stock Grant pertains; and


 


(c) Each Agreement shall include the terms of any right of the
Company to restrict or reacquire the Shares subject to the Stock Grant, including the time period or attainment of Performance
Goals or such other performance criteria upon which such rights shall accrue and the purchase price therefor, if any.


 


8. TERMS AND CONDITIONS OF OTHER STOCK-BASED AWARDS.


 


The Administrator shall have the right to grant other Stock-Based
Awards based upon the Common Stock having such terms and conditions as the Administrator may determine, including, without limitation,
the grant of Shares based upon certain conditions, the grant of securities convertible into Shares and the grant of stock appreciation
rights, phantom stock awards or stock units. The principal terms of each Stock-Based Award shall be set forth in an Agreement,
duly executed by the Company and, to the extent required by law or requested by the Company, by the Participant. The Agreement
shall be in a form approved by the Administrator and shall contain terms and conditions which the Administrator determines to be
appropriate and in the best interest of the Company. Each Agreement shall include the terms of any right of the Company to terminate
the Stock-Based Award without the issuance of Shares, including vesting conditions or the attainment of Performance
Goals or events upon which Shares shall be issued.


 




    	 



    	 



    




 


The Company intends that the Plan and any Stock-Based Awards
granted hereunder be exempt from the application of Section 409A of the Code or meet the requirements of paragraphs (2), (3) and
(4) of subsection (a) of Section 409A of the Code, to the extent applicable, and be operated in accordance with
Section 409A so that any compensation deferred under any Stock-Based Award (and applicable investment earnings) shall not
be included in income under Section 409A of the Code. Any ambiguities in the Plan shall be construed to effect the intent as described
in this Paragraph 8.


 


9. PERFORMANCE BASED AWARDS.


 


Notwithstanding anything to the contrary herein, during any
period when Section 162(m) of the Code is applicable to the Company and the Plan, Stock Rights granted under Paragraph 7 and
Paragraph 8 may be granted by the Committee in a manner which is deductible by the Company under Section 162(m) of the Code
(“Performance-Based Awards”). A Participant’s Performance-Based Award shall be determined based on the attainment
of written Performance Goals, which must be objective and approved by the Committee for a performance period of between one and
five years established by the Committee (i) while the outcome for that performance period is substantially uncertain and (ii) no
more than 90 days after the commencement of the performance period to which the Performance Goal relates or, if less, the number
of days which is equal to 25% of the relevant performance period. The Committee shall determine whether, with respect to a performance
period, the applicable Performance Goals have been met with respect to a given Participant and, if they have, to so certify and
ascertain the amount of the applicable Performance-Based Award. No Performance-Based Awards will be issued for such performance
period until such certification is made by the Committee. The number of shares issued in respect of a Performance-Based Award to
a given Participant may be less than the amount determined by the applicable Performance Goal formula, at the discretion of the
Committee. The number of shares issued in respect of a Performance-Based Award determined by the Committee for a performance period
shall be paid to the Participant at such time as determined by the Committee in its sole discretion after the end of such performance
period. Nothing in this paragraph shall prohibit the Company from granting Stock-Based Awards subject to performance criteria that
do not comply with this Paragraph.


 


10. EXERCISE OF OPTIONS AND ISSUE OF SHARES.


 


An Option (or any part or installment thereof) shall be exercised
by giving written notice to the Company or its designee (in a form acceptable to the Administrator, which may include electronic
notice), together with provision for payment of the aggregate exercise price in accordance with this Paragraph for the Shares as
to which the Option is being exercised, and upon compliance with any other condition(s) set forth in the Option Agreement. Such
notice shall be signed by the person exercising the Option (which signature may be provided electronically in a form acceptable
to the Administrator), shall state the number of Shares with respect to which the Option is being exercised and shall contain any
representation required by the Plan or the Option Agreement. Payment of the exercise price for the Shares as to which such Option
is being exercised shall be made (i) in United States dollars in cash or by check; or (ii) at the discretion of the Administrator,
through delivery of shares of Common Stock held for at least six months (if required to avoid negative accounting treatment) having
a Fair Market Value equal as of the date of the exercise to the aggregate cash exercise price for the number of Shares as to which
the Option is being exercised; or (iii) at the discretion of the Administrator, by having the Company retain from the Shares
otherwise issuable upon exercise of the Option, a number of Shares having a Fair Market Value equal as of the date of exercise
to the aggregate exercise price for the number of Shares as to which the Option is being exercised; or (iv) at the discretion
of the Administrator, in accordance with a cashless exercise program established with a securities brokerage firm, and approved
by the Administrator; or (v) at the discretion of the Administrator, by any combination of (i),
(ii), (iii) and (iv) above; or (vi) at the discretion of the Administrator, by payment of such other lawful consideration
as the Administrator may determine. Notwithstanding the foregoing, the Administrator shall accept only such payment on exercise
of an ISO as is permitted by Section 422 of the Code.


 




    	 



    	 



    

 


The Company shall then reasonably promptly deliver the Shares
as to which such Option was exercised to the Participant (or to the Participant’s Survivors, as the case may be). In determining
what constitutes “reasonably promptly,” it is expressly understood that the issuance and delivery of the Shares may
be delayed by the Company in order to comply with any law or regulation (including, without limitation, state securities or “blue
sky” laws) which requires the Company to take any action with respect to the Shares prior to their issuance. The Shares shall,
upon delivery, be fully paid, non-assessable Shares


 


11. PAYMENT IN CONNECTION WITH THE ISSUANCE OF STOCK
GRANTS AND STOCK-BASED AWARDS AND ISSUE OF SHARES.


 


Any Stock Grant or Stock-Based Award requiring payment of a
purchase price for the Shares as to which such Stock Grant or Stock-Based Award is being granted shall be made (i) in United
States dollars in cash or by check; or (ii) at the discretion of the Administrator, through delivery of shares of Common Stock
held for at least six months (if required to avoid negative accounting treatment) and having a Fair Market Value equal as of the
date of payment to the purchase price of the Stock Grant or Stock-Based Award; or (iii) at the discretion of the Administrator,
by any combination of (i) and (ii) above; or (iv) at the discretion of the Administrator, by payment of such other
lawful consideration as the Administrator may determine.


 


The Company shall when required by the applicable Agreement,
reasonably promptly deliver the Shares as to which such Stock Grant or Stock-Based Award was made to the Participant (or to the
Participant’s Survivors, as the case may be), subject to any escrow provision set forth in the applicable Agreement. In determining
what constitutes “reasonably promptly,” it is expressly understood that the issuance and delivery of the Shares may
be delayed by the Company in order to comply with any law or regulation (including, without limitation, state securities or “blue
sky” laws) which requires the Company to take any action with respect to the Shares prior to their issuance.


 


12. RIGHTS AS A SHAREHOLDER.


 


No Participant to whom a Stock Right has been granted shall
have rights as a shareholder with respect to any Shares covered by such Stock Right except after due exercise of an Option or issuance
of Shares as set forth in any Agreement, tender of the aggregate exercise or purchase price, if any, for the Shares being purchased
and registration of the Shares in the Company’s share register in the name of the Participant.


 


13. ASSIGNABILITY AND TRANSFERABILITY OF STOCK RIGHTS.


 


By its terms, a Stock Right granted to a Participant shall not
be transferable by the Participant other than (i) by will or by the laws of descent and distribution, or (ii) as approved
by the Administrator in its discretion and set forth in the applicable Agreement provided that no Stock Right may be transferred
by a Participant for value. Notwithstanding the foregoing, an ISO transferred except in compliance with clause (i) above shall
no longer qualify as an ISO. The designation of a beneficiary of a Stock Right by a Participant, with the prior approval of the
Administrator and in such form as the Administrator shall prescribe, shall not be deemed a transfer prohibited by this Paragraph.
Except as provided above during the Participant’s lifetime a Stock Right shall only be exercisable by or issued to such Participant
(or his or her legal representative) and shall not be assigned, pledged or hypothecated in any way (whether by operation of law
or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other
disposition of any Stock Right or of any rights granted thereunder contrary to the provisions of this Plan, or the levy of any
attachment or similar process upon a Stock Right, shall be null and void.


 




    	 



    	 



    




 


14. EFFECT ON OPTIONS OF TERMINATION OF SERVICE OTHER
THAN FOR CAUSE OR DEATH OR DISABILITY.


 


Except as otherwise provided in a Participant’s Option
Agreement, in the event of a termination of service (whether as an Employee, director or Consultant) with the Company or an Affiliate
before the Participant has exercised an Option, the following rules apply:


 


(a) A Participant who ceases to be an Employee, director or
Consultant of the Company or of an Affiliate (for any reason other than termination for Cause, Disability, or death for which events
there are special rules in Paragraphs 15, 16, and 17, respectively), may exercise any Option granted to him or her to the extent
that the Option is exercisable on the date of such termination of service, but only within such term as the Administrator has designated
in a Participant’s Option Agreement.


 


(b) Except as provided in Subparagraph (c) below, or Paragraph
16 or 17, in no event may an Option intended to be an ISO, be exercised later than three months after the Participant’s termination
of employment.


 


(c) The provisions of this Paragraph, and not the provisions
of Paragraph 16 or 17, shall apply to a Participant who subsequently becomes Disabled or dies after the termination of employment,
director status or consultancy; provided, however, in the case of a Participant’s Disability or death within three months
after the termination of employment, director status or consultancy, the Participant or the Participant’s Survivors may exercise
the Option within one year after the date of the Participant’s termination of service, but in no event after the date of
expiration of the term of the Option.


 


(d) Notwithstanding anything herein to the contrary, if subsequent
to a Participant’s termination of employment, termination of director status or termination of consultancy, but prior to
the exercise of an Option, the Administrator determines that, either prior or subsequent to the Participant’s termination,
the Participant engaged in conduct which would constitute Cause, then such Participant shall forthwith cease to have any right
to exercise any Option.


 


(e) A Participant to whom an Option has been granted under the
Plan who is absent from the Company or an Affiliate because of temporary disability (any disability other than a Disability as
defined in Paragraph 1 hereof), or who is on leave of absence for any purpose, shall not, during the period of any such absence,
be deemed, by virtue of such absence alone, to have terminated such Participant’s employment, director status or consultancy
with the Company or with an Affiliate, except as the Administrator may otherwise expressly provide; provided, however, that, for
ISOs, any leave of absence granted by the Administrator of greater than ninety days, unless pursuant to a contract or statute that
guarantees the right to reemployment, shall cause such ISO to become a Non-Qualified Option on the 181st day following
such leave of absence.


 


(f) Except as required by law or as set forth in a Participant’s
Option Agreement, Options granted under the Plan shall not be affected by any change of a Participant’s status within or
among the Company and any Affiliates, so long as the Participant continues to be an Employee, director or Consultant of the Company
or any Affiliate.


 




    	 



    	 



    

 


15. EFFECT ON OPTIONS OF TERMINATION OF SERVICE FOR
CAUSE.


 


Except as otherwise provided in a Participant’s Option
Agreement, the following rules apply if the Participant’s service (whether as an Employee, director or Consultant) with the
Company or an Affiliate is terminated for Cause prior to the time that all his or her outstanding Options have been exercised:


 


(a) All outstanding and unexercised Options as of the time the
Participant is notified his or her service is terminated for Cause will immediately be forfeited.


 


(b) Cause is not limited to events which have occurred prior
to a Participant’s termination of service, nor is it necessary that the Administrator’s finding of Cause occur prior
to termination. If the Administrator determines, subsequent to a Participant’s termination of service but prior to the exercise
of an Option, that either prior or subsequent to the Participant’s termination the Participant engaged in conduct which would
constitute Cause, then the right to exercise any Option is forfeited.


 


16. EFFECT ON OPTIONS OF TERMINATION OF SERVICE FOR
DISABILITY.


 


Except as otherwise provided in a Participant’s Option
Agreement:


 


(a) A Participant who ceases to be an Employee, director or
Consultant of the Company or of an Affiliate by reason of Disability may exercise any Option granted to such Participant to the
extent that the Option has become exercisable but has not been exercised on the date of the Participant’s termination of
service due to Disability. A Disabled Participant may exercise the Option only within the period ending one year after the date
of the Participant’s termination of service due to Disability, notwithstanding that the Participant might have been able
to exercise the Option as to some or all of the Shares on a later date if the Participant had not been terminated due to Disability
and had continued to be an Employee, director or Consultant or, if earlier, within the originally prescribed term of the Option.


 


(b) The Administrator shall make the determination both of whether
Disability has occurred and the date of its occurrence (unless a procedure for such determination is set forth in another agreement
between the Company and such Participant, in which case such procedure shall be used for such determination). If requested, the
Participant shall be examined by a physician selected or approved by the Administrator, the cost of which examination shall be
paid for by the Company.


 


17. EFFECT ON OPTIONS OF DEATH WHILE AN EMPLOYEE, DIRECTOR
OR CONSULTANT.


 


Except as otherwise provided in a Participant’s Option
Agreement, in the event of the death of a Participant while the Participant is an Employee, director or Consultant of the Company
or of an Affiliate, such Option may be exercised by the Participant’s Survivors to the extent that the Option has become
exercisable but has not been exercised on the date of death. If the Participant’s Survivors wish to exercise the Option,
they must take all necessary steps to exercise the Option within one year after the date of death of such Participant, notwithstanding
that the decedent might have been able to exercise the Option as to some or all of the Shares on a later date if he or she had
not died and had continued to be an Employee, director or Consultant or, if earlier, within the originally prescribed term of the
Option.


 


18. EFFECT OF TERMINATION OF SERVICE ON STOCK GRANTS
AND STOCK-BASED AWARDS


 


In the event of a termination of service (whether as an Employee,
director or Consultant) with the Company or an Affiliate for any reason before the Participant has accepted a Stock Grant or a
Stock-Based Award and paid the purchase price, if required, such grant shall terminate.


 




    	 



    	 



    

 


For purposes of this Paragraph 18 and Paragraph 19 below, a
Participant to whom a Stock Grant or a Stock-Based Award has been issued under the Plan who is absent from work with the Company
or with an Affiliate because of temporary disability (any disability other than a Disability as defined in Paragraph 1 hereof),
or who is on leave of absence for any purpose, shall not, during the period of any such absence, be deemed, by virtue of such absence
alone, to have terminated such Participant’s employment, director status or consultancy with the Company or with an Affiliate,
except as the Administrator may otherwise expressly provide.


 


In addition, for purposes of this Paragraph 18 and Paragraph
19 below, any change of employment or other service within or among the Company and any Affiliates shall not be treated as a termination
of employment, director status or consultancy so long as the Participant continues to be an Employee, director or Consultant of
the Company or any Affiliate.


 


19. EFFECT ON STOCK GRANTS AND STOCK_BASED AWARDS OF
TERMINATION OF SERVICE OTHER THAN FOR CAUSE.


 


Except as otherwise provided in a Participant’s Agreement,
in the event of a termination of service for any reason (whether as an Employee, director or Consultant), other than for Cause
for which event there are special rules in Paragraph 20 below, before all forfeiture provisions or Company rights of repurchase
shall have lapsed, then the Company shall have the right to cancel or repurchase that number of Shares subject to a Stock Grant
or Stock-Based Award as to which the Company’s forfeiture or repurchase rights have not lapsed.


 


With respect to a termination for a Disability, the Administrator
shall make the determination both as to whether Disability has occurred and the date of its occurrence (unless a procedure for
such determination is set forth in another agreement between the Company and such Participant, in which case such procedure shall
be used for such determination). If requested, the Participant shall be examined by a physician selected or approved by the Administrator,
the cost of which examination shall be paid for by the Company.


 


20. EFFECT ON STOCK GRANTS OR STOCK BASED-AWARDS OF
TERMINATION OF SERVICE FOR CAUSE.


 


Except as otherwise provided in a Participant’s Agreement,
the following rules apply if the Participant’s service (whether as an Employee, director or Consultant) with the Company
or an Affiliate is terminated for Cause:


 


(a) All Shares subject to any Stock Grant or Stock Based-Award
that remain subject to forfeiture provisions or as to which the Company shall have a repurchase right shall be immediately forfeited
to the Company as of the time the Participant is notified his or her service is terminated for Cause.


 


(b) Cause is not limited to events which have occurred prior
to a Participant’s termination of service, nor is it necessary that the Administrator’s finding of Cause occur prior
to termination. If the Administrator determines, subsequent to a Participant’s termination of service, that either prior
or subsequent to the Participant’s termination the Participant engaged in conduct which would constitute Cause, then all
Shares subject to any Stock Grant or Stock Based-Award that remained subject to forfeiture provisions or as to which the Company
had a repurchase right on the date of termination shall be immediately forfeited to the Company.


 




    	 



    	 



    

 


21. PURCHASE FOR INVESTMENT.


 


Unless the offering and sale of the Shares shall have been effectively
registered under the Securities Act, the Company shall be under no obligation to issue Shares under the Plan unless and until the
following conditions have been fulfilled:


 


(a) The person who receives a Stock Right shall warrant to the
Company, prior to the receipt of Shares, that such person is acquiring such Shares for his or her own account, for investment,
and not with a view to, or for sale in connection with, the distribution of any such Shares, in which event the person acquiring
such Shares shall be bound by the provisions of the following legend (or a legend in substantially similar form) which shall be
endorsed upon the certificate evidencing the Shares issued pursuant to such exercise or such grant:


 


“The shares represented by this certificate have been
taken for investment and they may not be sold or otherwise transferred by any person, including a pledgee, unless (1) either
(a) a Registration Statement with respect to such shares shall be effective under the Securities Act of 1933, as amended,
or (b) the Company shall have received an opinion of counsel satisfactory to it that an exemption from registration under
such Act is then available, and (2) there shall have been compliance with all applicable state securities laws.”


 


(b) At the discretion of the Administrator, the Company shall
have received an opinion of its counsel that the Shares may be issued in compliance with the Securities Act without registration
thereunder.


 


22. DISSOLUTION OR LIQUIDATION OF THE COMPANY.


 


Upon the dissolution or liquidation of the Company, all Options
granted under this Plan which as of such date shall not have been exercised and all Stock Grants and Stock-Based Awards which have
not been accepted, to the extent required under the applicable Agreement, will terminate and become null and void; provided, however,
that if the rights of a Participant or a Participant’s Survivors have not otherwise terminated and expired, the Participant
or the Participant’s Survivors will have the right immediately prior to such dissolution or liquidation to exercise or accept
any Stock Right to the extent that the Stock Right is exercisable or subject to acceptance as of the date immediately prior to
such dissolution or liquidation. Upon the dissolution or liquidation of the Company, any outstanding Stock-Based Awards shall immediately
terminate unless otherwise determined by the Administrator or specifically provided in the applicable Agreement.


 


23. ADJUSTMENTS.


 


Upon the occurrence of any of the following events, a Participant’s
rights with respect to any Stock Right granted to him or her hereunder shall be adjusted as hereinafter provided, unless otherwise
specifically provided in a Participant’s Agreement:


 


(a) Stock Dividends and Stock Splits. If (i) the
shares of Common Stock shall be subdivided or combined into a greater or smaller number of shares or if the Company shall issue
any shares of Common Stock as a stock dividend on its outstanding Common Stock, or (ii) additional shares or new or different
shares or other securities of the Company or other non-cash assets are distributed with respect to such shares of Common Stock,
each Stock Right and the number of shares of Common Stock deliverable thereunder shall be appropriately increased or decreased
proportionately, and appropriate adjustments shall be made including, in the exercise or purchase price per share, to reflect such
events. The number of Shares subject to the limitations in Paragraph 3(a) and 4(c) shall also be proportionately adjusted upon
the occurrence of such events and the Performance Goals applicable to outstanding Performance-Based Awards.


 




    	 



    	 



    

 


(b) Corporate Transactions. If the Company is to
be consolidated with or acquired by another entity in a merger, consolidation, or sale of all or substantially all of the Company’s
assets other than a transaction to merely change the state of incorporation (a “Corporate Transaction”), the Administrator
or the board of directors of any entity assuming the obligations of the Company hereunder (the “Successor Board”),
shall, as to outstanding Options, either (i) make appropriate provision for the continuation of such Options by substituting
on an equitable basis for the Shares then subject to such Options either the consideration payable with respect to the outstanding
shares of Common Stock in connection with the Corporate Transaction or securities of any successor or acquiring entity; or (ii) upon
written notice to the Participants, provide that such Options must be exercised (either (A) to the extent then exercisable
or, (B) at the discretion of the Administrator, any such Options being made partially or fully exercisable for purposes of
this Subparagraph), within a specified number of days of the date of such notice, at the end of which period such Options which
have not been exercised shall terminate; or (iii) terminate such Options in exchange for payment of an amount equal to the
consideration payable upon consummation of such Corporate Transaction to a holder of the number of shares of Common Stock into
which such Option would have been exercisable (either (A) to the extent then exercisable or, (B) at the discretion of
the Administrator, any such Options being made partially or fully exercisable for purposes of this Subparagraph) less the
aggregate exercise price thereof. For purposes of determining the payments to be made pursuant to Subclause (iii) above,
in the case of a Corporate Transaction the consideration for which, in whole or in part, is other than cash, the consideration
other than cash shall be valued at the fair value thereof as determined in good faith by the Board of Directors.


 


With respect to outstanding Stock Grants, the Administrator
or the Successor Board, shall make appropriate provision for the continuation of such Stock Grants on the same terms and conditions
by substituting on an equitable basis for the Shares then subject to such Stock Grants either the consideration payable with respect
to the outstanding Shares of Common Stock in connection with the Corporate Transaction or securities of any successor or acquiring
entity. In lieu of the foregoing, in connection with any Corporate Transaction, the Administrator may provide that, upon consummation
of the Corporate Transaction, each outstanding Stock Grant shall be terminated in exchange for payment of an amount equal to the
consideration payable upon consummation of such Corporate Transaction to a holder of the number of shares of Common Stock comprising
such Stock Grant (to the extent such Stock Grant is no longer subject to any forfeiture or repurchase rights then in effect or,
at the discretion of the Administrator, all forfeiture and repurchase rights being waived upon such Corporate Transaction).


 


In taking any of the actions permitted under this Paragraph
23(b), the Administrator shall not be obligated by the Plan to treat all Stock Rights, all Stock Rights held by a Participant,
or all Stock Rights of the same type, identically.


 


(c) Recapitalization or Reorganization. In the event
of a recapitalization or reorganization of the Company other than a Corporate Transaction pursuant to which securities of the Company
or of another corporation are issued with respect to the outstanding shares of Common Stock, a Participant upon exercising an Option
or accepting a Stock Grant after the recapitalization or reorganization shall be entitled to receive for the price paid upon such
exercise or acceptance if any, the number of replacement securities which would have been received if such Option had been exercised
or Stock Grant accepted prior to such recapitalization or reorganization.


 


(d) Adjustments to Stock-Based Awards. Upon the
happening of any of the events described in Subparagraphs (a), (b) or (c) above, any outstanding Stock-Based Award shall
be appropriately adjusted to reflect the events described in such Subparagraphs. The Administrator or the Successor Board shall
determine the specific adjustments to be made under this Paragraph 23, including, but not limited to the effect of any, Corporate
Transaction and, subject to Paragraph 4, its determination shall be conclusive.


 




    	 



    	 



    

 


(e) Modification of Options. Notwithstanding the
foregoing, any adjustments made pursuant to Subparagraph (a), (b) or (c) above with respect to Options shall be made
only after the Administrator determines whether such adjustments would (i) constitute a “modification” of any
ISOs (as that term is defined in Section 424(h) of the Code) or (ii) cause any adverse tax consequences for the holders
of Options, including, but not limited to, pursuant to Section 409A of the Code. If the Administrator determines that such
adjustments made with respect to Options would constitute a modification or other adverse tax consequence, it may refrain from
making such adjustments, unless the holder of an Option specifically agrees in writing that such adjustment be made and such writing
indicates that the holder has full knowledge of the consequences of such “modification” on his or her income tax treatment
with respect to the Option. This paragraph shall not apply to the acceleration of the vesting of any ISO that would cause any portion
of the ISO to violate the annual vesting limitation contained in Section 422(d) of the Code, as described in Paragraph 6(b)(iv).


 


(f) Modification of Performance-Based Awards. Notwithstanding
the foregoing, with respect to any Performance-Based Award that is intended to comply as “performance based compensation”
under Section 162(m) of the Code, the Committee may adjust downwards, but not upwards, the number of Shares payable pursuant
to a Performance-Based Award, and the Committee may not waive the achievement of the applicable Performance Goals except in the
case of death or disability of the Participant.


 


24. ISSUANCES OF SECURITIES.


 


Except as expressly provided herein, no issuance by the Company
of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by
reason thereof shall be made with respect to, the number or price of shares subject to Stock Rights. Except as expressly provided
herein, no adjustments shall be made for dividends paid in cash or in property (including without limitation, securities) of the
Company prior to any issuance of Shares pursuant to a Stock Right.


 


25. FRACTIONAL SHARES.


 


No fractional shares shall be issued under the Plan and the
person exercising a Stock Right shall receive from the Company cash in lieu of such fractional shares equal to the Fair Market
Value thereof.


 


26. CONVERSION OF ISOs INTO NON-QUALIFIED OPTIONS;
TERMINATION OF ISOs.


 


The Administrator, at the written request of any Participant,
may in its discretion take such actions as may be necessary to convert such Participant’s ISOs (or any portions thereof)
that have not been exercised on the date of conversion into Non-Qualified Options at any time prior to the expiration of such
ISOs, regardless of whether the Participant is an Employee of the Company or an Affiliate at the time of such conversion. At the
time of such conversion, the Administrator (with the consent of the Participant) may impose such conditions on the exercise of
the resulting Non-Qualified Options as the Administrator in its discretion may determine, provided that such conditions
shall not be inconsistent with this Plan. Nothing in the Plan shall be deemed to give any Participant the right to have such Participant’s
ISOs converted into Non-Qualified Options, and no such conversion shall occur until and unless the Administrator takes
appropriate action. The Administrator, with the consent of the Participant, may also terminate any portion of any ISO that has
not been exercised at the time of such conversion.


 


27. WITHHOLDING.


 


In the event that any federal, state, or local income taxes,
employment taxes, Federal Insurance Contributions Act (“F.I.C.A.”) withholdings or other amounts are required by applicable
law or


 




    	 



    	 



    

 


governmental regulation to be withheld from the Participant’s
salary, wages or other remuneration in connection with the issuance of a Stock Right or Shares under the Plan or for any other
reason required by law, the Company may withhold from the Participant’s compensation, if any, or may require that the Participant
advance in cash to the Company, or to any Affiliate of the Company which employs or employed the Participant, the statutory minimum
amount of such withholdings unless a different withholding arrangement, including the use of shares of the Company’s Common
Stock or a promissory note, is authorized by the Administrator (and permitted by law). For purposes hereof, the fair market value
of the shares withheld for purposes of payroll withholding shall be determined in the manner set forth under the definition of
Fair Market Value provided in Paragraph 1 above, as of the most recent practicable date prior to the date of exercise. If the Fair
Market Value of the shares withheld is less than the amount of payroll withholdings required, the Participant may be required to
advance the difference in cash to the Company or the Affiliate employer. The Administrator in its discretion may condition the
exercise of an Option for less than the then Fair Market Value on the Participant’s payment of such additional withholding.


 


28. NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION.


 


Each Employee who receives an ISO must agree to notify the Company
in writing immediately after the Employee makes a Disqualifying Disposition of any Shares acquired pursuant to the exercise of
an ISO. A Disqualifying Disposition is defined in Section 424(c) of the Code and includes any disposition (including any sale
or gift) of such Shares before the later of (a) two years after the date the Employee was granted the ISO, or (b) one
year after the date the Employee acquired Shares by exercising the ISO, except as otherwise provided in Section 424(c) of
the Code. If the Employee has died before such Shares are sold, these holding period requirements do not apply and no Disqualifying
Disposition can occur thereafter.


 


29. TERMINATION OF THE PLAN.


 


The Plan will terminate on June 4, 2024, the date which
is ten years from the earlier of the date of its adoption by the Board of Directors and the date of its approval
by the shareholders of the Company. The Plan may be terminated at an earlier date by vote of the shareholders or the Board of Directors
of the Company; provided, however, that any such earlier termination shall not affect any Agreements executed prior to the effective
date of such termination. Termination of the Plan shall not affect any Stock Rights theretofore granted.


 


30. AMENDMENT OF THE PLAN AND AGREEMENTS.


 


The Plan may be amended by the shareholders of the Company.
The Plan may also be amended by the Administrator, including, without limitation, to the extent necessary to qualify any or all
outstanding Stock Rights granted under the Plan or Stock Rights to be granted under the Plan for favorable federal income tax treatment
as may be afforded incentive stock options under Section 422 of the Code (including deferral of taxation upon exercise), and
to the extent necessary to qualify the Shares issuable under the Plan for listing on any national securities exchange or quotation
in any national automated quotation system of securities dealers and in order to continue to comply with Section 162(m) of
the Code; provided that any amendment approved by the Administrator which the Administrator determines is of a scope that requires
shareholder approval shall be subject to obtaining such shareholder approval. Other than as set forth in Paragraph 23 of the Plan,
the exercise price of an Option may not be reduced without stockholder approval.


 


Any modification or amendment of the Plan shall not, without
the consent of a Participant, adversely affect his or her rights under a Stock Right previously granted to him or her. With the
consent of the Participant affected, the Administrator may amend outstanding
Agreements in a manner which may be adverse to the Participant but which is not inconsistent with the Plan. In the discretion of
the Administrator, outstanding Agreements may be amended by the Administrator in a manner which is not adverse to the Participant.
Nothing in this Paragraph 30 shall limit the Administrator’s authority to take any action permitted pursuant to Paragraph 23.


 




    	 



    	 



    
 


31. EMPLOYMENT OR OTHER RELATIONSHIP.


 


Nothing in this Plan or any Agreement shall be deemed to prevent
the Company or an Affiliate from terminating the employment, consultancy or director status of a Participant, nor to prevent a
Participant from terminating his or her own employment, consultancy or director status or to give any Participant a right to be
retained in employment or other service by the Company or any Affiliate for any period of time.


 


32. GOVERNING LAW.


 


This Plan shall be construed and enforced in accordance with
the law of the State of Delaware.