Exhibit 10.7


 


OSLER INCORPORATED


2014 EQUITY COMPENSATION PLAN


 


1.            Purpose.


 


               1.1          Purpose.
The purpose of the Osler Incorporated 2014 Equity Compensation Plan is to enable the Company to offer to its employees, officers,
directors and consultants whose past, present and/or potential contributions to the Company and its Subsidiaries have been, are
or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company. The types
of long-term incentive Awards that may be provided under the Plan will enable the Company to respond to changes in compensation
practices, tax laws, accounting regulations and the size and diversity of its businesses.


 


2.            Definitions.


 


               2.1          Definitions.
For purposes of the Plan, the following terms shall be defined as set forth below:


 


                              (a)               “Agreement”
means the agreement between the Company and the Holder setting forth the terms and conditions of an Award under the Plan. Agreements
shall be in the form(s) attached hereto.


 


                              (b)               “Award”
means Stock Options, Restricted Stock and/or other Stock Based Awards awarded under the Plan.


 


                              (c)               “Board”
means the Board of Directors of the Company.


 


                              (d)               “Code”
means the Internal Revenue Code of 1986, as amended from time to time.


 


                              (e)               “Committee”
means the Compensation Committee of the Board or any other committee of the Board that the Board may designate to administer the
Plan or any portion thereof. If no Committee is so designated, then all references in this Plan to “Committee” shall
mean the Board.


 


                              (f)               “Common
Stock” means the common stock of the Company, $0.001 par value per share.


 


                              (g)               “Company”
means Osler Incorporated, a corporation organized under the laws of the State of Nevada.


 


                              (h)               “Disability”
means physical or mental impairment as determined under procedures established by the Committee for purposes of the Plan.


 


                              (i)               “Effective
Date” means the date set forth in Section 12.1, below.


 


                              (j)               “Fair
Market Value”, unless otherwise required by any applicable provision of the Code or any regulations issued thereunder,
means, as of any given date: (i) if the Common Stock is listed on a national securities exchange, the closing price of the Common
Stock in the principal trading market for the Common Stock on such date, as reported by the exchange (or on the last preceding
trading date if such security was not traded on such date); (ii) if the Common Stock is not listed on a national securities exchange,
but is traded in the over-the-counter market, the closing bid price for the Common Stock on such date, as reported by the OTC
Bulletin Board or the OTC Markets Inc. or similar publisher of such quotations; and (iii) if the fair market value of the Common
Stock cannot be determined pursuant to clause (i) or (ii) above, such price as the Committee shall determine, in good faith.



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                              (k)               “Holder”
means a person who has received an Award under the Plan.


 


                              (l)               “Incentive
Stock Option” means any Stock Option intended to be and designated as an “incentive stock option” within
the meaning of Section 422 of the Code.


 


                              (m)               “Nonqualified
Stock Option” means any Stock Option that is not an Incentive Stock Option.


 


                              (n)               “Normal
Retirement” means retirement from active employment with the Company or any Subsidiary, other than for Cause or due
to death or disability, of a Holder who; (i) has reached the age of 65; (ii) has reached the age of 62 and has completed five years
of service with the Company; or (iii) has reached the age of 60 and has completed 10 years of service with the Company.


 


                              (o)               “Other
Stock-Based Award” means an Award under Section 9, below, that is valued in whole or in part by reference to, or
is otherwise based upon, Common Stock.


 


                              (p)               “Parent”
means any present or future “parent corporation” of the Company, as such term is defined in Section 424(e) of the Code.


 


                              (q)               “Plan”
means the Osler Incorporated 2014 Equity Compensation Plan, as hereinafter amended from time to time.


 


                              (r)               “Repurchase
Value” shall mean the Fair Market Value in the event the Award to be repurchased under Section 10.2 is comprised
of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value)
in the event the Award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject
to the Award.


 


                              (s)               “Restricted
Stock” means Common Stock, received under an Award made pursuant to Section 8, below that is subject to restrictions
under said Section 8.


 


                              (t)               “SAR
Value” means the excess of the Fair Market Value (on the exercise date) over the exercise price that the participant
would have otherwise had to pay to exercise the related Stock Option, multiplied by the number of shares for which the Stock Appreciation
Right is exercised.


 


                              (u)               “Stock
Appreciation Right” means the right to receive from the Company, on surrender of all or part of the related Stock
Option, without a cash payment to the Company, a number of shares of Common Stock equal to the SAR Value divided by the Fair Market
Value (on the exercise date).


 


                              (v)               “Stock
Option” or “Option” means any option to purchase shares of Common Stock that is granted
pursuant to the Plan.


 


                              (w)               “Subsidiary”
means any present or future “subsidiary corporation” of the Company, as such term is defined in Section 424(f) of the
Code.



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3.            Administration.


 


               3.1          Committee
Membership. The Plan shall be administered by the Committee, the Board or a committee designated by the Board. Committee members
shall serve for such term as the Board may in each case determine, and shall be subject to removal at any time by the Board. The
Committee members, to the extent deemed to be appropriate by the Board, shall be “non-employee directors” as defined
in Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended (“Exchange Act”), and
“outside directors” within the meaning of Section 162(m) of the Code. The Committee shall conduct itself in conformance
with the provisions of the Compensation Committee Charter.


 


               3.2          Powers
of Committee. The Committee shall have the authority and responsibility to recommend to the Board for approval, Awards for
Board members, executive officers, non-executive employees and consultants of the Company, pursuant to the terms of the Plan: (i)
Stock Options, (ii) Stock Appreciation Rights, (iii) Restricted Stock, and/or (iv) Other Stock-Based Awards. For purposes of illustration
and not of limitation, the Committee shall have the authority (subject to the express provisions of this Plan):


 


                              (a)               to
select the officers, employees, directors and consultants of the Company or any Subsidiary to whom Stock Options, Stock Appreciation
Rights, Restricted Stock, and/or Other Stock-Based Awards may from time to time be awarded hereunder.


 


                              (b)               to
determine the terms and conditions, not inconsistent with the terms of the Plan or requisite Board approval, of any Award granted
hereunder including, but not limited to, number of shares, share exercise price or types of consideration paid upon exercise of
Stock Options and the purchase price of Common Stock awarded under the Plan (including without limitation by a Holder’s conversion
of deferred salary or other indebtedness of the Company to the Holder), such as other securities of the Company or other property,
any restrictions or limitations, and any vesting, exchange, surrender, cancellation, acceleration, termination, exercise or forfeiture
provisions, as the Committee shall determine;


 


                              (c)               to
determine any specified performance goals or such other factors or criteria which need to be attained for the vesting of an Award
granted hereunder;


 


                              (d)               to
determine the terms and conditions under which Awards granted hereunder are to operate on a tandem basis and/or in conjunction
with or apart from other equity awarded under this Plan and cash Awards made by the Company or any Subsidiary outside of this Plan;
and


 


                              (e)               to
determine the extent and circumstances under which Common Stock and other amounts payable with respect to an Award hereunder shall
be deferred that may be either automatic or at the election of the Holder; and


 


3.3         Interpretation
of Plan.


 


               3.1          Committee
Authority. Subject to Section 11, below, the Committee shall have the authority to adopt, alter and repeal such administrative
rules, guidelines and practices governing the Plan as it shall, from time to time, deem advisable, to interpret the terms and
provisions of the Plan and any Award issued under the Plan (and to determine the form and substance of all Agreements relating
thereto), and to otherwise supervise the administration of the Plan. Subject to Section 11, below, all decisions made by the Committee
pursuant to the provisions of the Plan shall be made in the Committee’s sole discretion, subject to Board authorization
if indicated, and shall be final and binding upon all persons, including the Company, its Subsidiaries and Holders.



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               3.2          Incentive
Stock Options. Anything in the Plan to the contrary notwithstanding, no term or provision of the Plan relating to Incentive
Stock Options (including but limited to Stock Appreciation rights granted in conjunction with an Incentive Stock Option) or any
Agreement providing for Incentive Stock Options shall be interpreted, amended or altered, nor shall any discretion or authority
granted under the Plan be so exercised, so as to disqualify the Plan under Section 422 of the Code, or, without the consent of
the Holder(s) affected, to disqualify any Incentive Stock Option under such Section 422.


 


4.            Stock
Subject to Plan.


 


               4.1          Number
of Shares. The total number of shares of Common Stock reserved and available for issuance under the Plan shall be three million
(3,000,000) shares. Shares of Common Stock under the Plan may consist, in whole or in part, of authorized and unissued shares or
treasury shares. The number of shares of Common Stock available for issuance under the Plan shall automatically increase on the
first trading day of January each calendar year during the term of the Plan, beginning with calendar year 2015, by an amount equal
to one percent (1%) of the total number of shares of Common Stock outstanding on the last trading day in December of the immediately
preceding calendar year, but in no event shall any such annual increase exceed two hundred thousand (200,000) shares of Common
Stock. If any share of Common Stock that have been granted pursuant to a Stock Option ceases to be subject to a Stock Option, or
if any shares of Common Stock that are subject to any Stock Appreciation Right, Restricted Stock, Deferred Stock Award, or Other
Stock-Based Award granted hereunder are forfeited or any such Award otherwise terminates without a payment being made to the Holder
in the form of Common Stock, such shares shall again be available for distribution in connection with future grants and Awards
under the Plan..


 


               4.2          Adjustment
Upon Changes in Capitalization, Etc. In the event of any dividend (other than a cash dividend) payable on shares of Common
Stock, stock split, reverse stock split, combination or exchange of shares, or other similar event (not addressed in Section 4.3,
below) occurring after the grant of an Award, which results in a change in the shares of Common Stock of the Company as a whole,
(i) the number of shares issuable in connection with any such Award and the purchase price thereof, if any, shall be proportionately
adjusted to reflect the occurrence of any such event and (ii) the Committee shall determine whether such change requires
an adjustment in the aggregate number of shares reserved for issuance under the Plan or to retain the number of shares reserved
and available under the Plan in their sole discretion. Any adjustment required by this Section 4.2 shall
be made by the Committee, in good faith, subject to Board authorization if indicated, whose determination will be final, binding
and conclusive.


 


               4.3          Certain
Mergers and Similar Transactions. In the event of (a) a dissolution or liquidation of the Company, (b) a merger or consolidation
in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a
reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the
stockholders of the Company or their relative stock holdings and the Awards granted under this Plan are assumed, converted or
replaced by the successor corporation, which assumption will be binding on all Awardees, (c) a merger in which the Company is
the surviving corporation but after which the stockholders of the Company immediately prior to such merger (other than any shareholder
that merges, or which owns or controls another corporation that merges, with the Company in such merger) cease to own their shares
or other equity interest in the Company, (d) the sale of substantially all of the assets of the Company, or (e) the acquisition,
sale, or transfer of more than 50% of the outstanding shares of the Company by tender offer or similar transaction, any or all
outstanding Awards may be assumed, converted or replaced by the successor corporation (if any), which assumption, conversion or
replacement will be binding on all Awardees. In the alternative, the successor corporation may substitute equivalent Awards or
provide substantially similar consideration to Awardees as was provided to stockholders (after taking into account the existing
provisions of the Awards). The successor corporation may also issue, in place of outstanding Shares of the Company held by the
Holder, substantially similar shares or other property subject to repurchase restrictions no less favorable to the Holder. In
the event such successor corporation (if any) refuses or otherwise declines to assume or substitute Awards, as provided above,
(i) the vesting of any or all Awards granted pursuant to this Plan will accelerate immediately prior to the effective date of
a transaction described in this Section 4.3 and (ii) any or all Options granted pursuant to this Plan will become exercisable
in full prior to the consummation of such event at such time and on such conditions as the Committee determines. If such Options
are not exercised prior to the consummation of the corporate transaction, they shall terminate at such time as determined by the
Committee. Subject to any greater rights granted to Awardees under the foregoing provisions of this Section 4.3, in the event
of the occurrence of any transaction described in this Section 4.3, any outstanding Awards will be treated as provided in the
applicable agreement or plan of merger, consolidation, dissolution, liquidation, or sale of assets.



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5.            Eligibility.


 


               Awards
may be made or granted to employees, officers, directors and consultants who are deemed to have rendered or to be able to render
significant services to the Company or its Subsidiaries and who are deemed to have contributed or to have the potential to contribute
to the success of the Company. No Incentive Stock Option shall be granted to any person who is not an employee of the Company or
a Subsidiary at the time of grant. Notwithstanding anything to the contrary contained in the Plan, Awards covered or to be covered
under a registration statement on Form S-8 may be made under the Plan only if (a) they are made to natural persons, (b) who provide
bona fide services to the Company or its Subsidiaries, and (c) the services are not in connection with the offer and sale of securities
in a capital raising transaction, and do not directly or indirectly promote or maintain a market for the Company’s securities.


 


6.            Stock
Options.


 


               6.1          Grant
and Exercise. Stock Options granted under the Plan may be of two types: (i) Incentive Stock Options and (ii) Nonqualified Stock
Options. Any Stock Option granted under the Plan shall contain such terms, not inconsistent with this Plan, or with respect to
Incentive Stock Options, not inconsistent with the Plan and the Code, as the Committee may from time to time approve. The Committee
shall have the authority to grant Incentive Stock Options or Non-qualified Stock Options, or both types of Stock Options, which
may be granted alone or in addition to other Awards granted under the Plan. To the extent that any Stock Option intended to qualify
as an Incentive Stock Option does not so qualify, it shall constitute a separate Nonqualified Stock Option.


 


               6.2          Terms
and Conditions. Stock Options granted under the Plan shall be subject to the following terms and conditions:


 


                              (a)               Option
Term. The term of each Stock Option shall be fixed by the Committee; provided, however, that an Incentive Stock Option may
be granted only within the ten-year period commencing from the Effective Date and may only be exercised within ten years of the
date of grant (or five years in the case of an Incentive Stock Option granted to an optionee who, at the time of grant, owns Common
Stock possessing more than 10% of the total combined voting power of all classes of stock of the Company (“10% Shareholder”).



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                              (b)               Exercise
Price. The exercise price per share of Common Stock purchasable under a Stock Option shall be determined by the Committee at
the time of grant and may not be less than 100% of the Fair Market Value on the day of grant; provided, however, that the exercise
price of an Incentive Stock Option granted to a 10% Shareholder shall not be less than 110% of the Fair Market Value on the date
of grant.


 


                              (c)               Exercisability.
Stock Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the
Committee and as set forth in Section 10, below. If the Committee provides, in its discretion, that any Stock Option is exercisable
only in installments, i.e., that it vests over time, the Committee may waive such installment exercise provisions at any time at
or after the time of grant in whole or in part, based upon such factors as the Committee shall determine.


 


                              (d)               Method
of Exercise. Subject to whatever installment, exercise and waiting period provisions are applicable in a particular case; Stock
Options may be exercised in whole or in part at any time during the term of the Option, by giving written notice of exercise to
the Company specifying the number of shares of Common Stock to be purchased. Such notice shall be accompanied by payment in full
of the purchase price, which shall be in cash or, if provided in the Agreement, either in shares of Common Stock (including Restricted
Stock and other contingent Awards under this Plan) or partly in cash and partly in such Common Stock, or such other means which
the Committee determines are consistent with the Plan’s purpose and applicable law. Cash payments shall be made by wire transfer,
certified or bank check or personal check, in each case payable to the order of the Company; provided, however, that the Company
shall not be required to deliver certificates for shares of Common Stock with respect to which an Option is exercised until the
Company has confirmed the receipt of good and available funds in payment of the purchase price thereof. Payments in the form of
Common Stock shall be valued at the Fair Market Value on the date prior to the date of exercise. Such payments shall be made by
delivery of stock certificates in negotiable form that are effective to transfer good and valid title thereto to the Company, free
of any liens or encumbrances. A Holder shall have none of the rights of a Shareholder with respect to the shares subject to the
Option until such shares shall be transferred to the Holder upon the exercise of the Option.


 


                              (e)               Transferability.
Except as may be set forth in the Agreement, no Stock Option shall be transferable by the Holder other than by will or by the laws
of descent and distribution, and all Stock Options shall be exercisable, during the Holder’s lifetime, only by the Holder
(or, to the extent of legal incapacity or incompetency, the Holder’s guardian or legal representative).


 


                              (f)               Termination
by Reason of Death. If a Holder’s employment by the Company or a Subsidiary terminates by reason of death, any Stock
Option held by such Holder, unless otherwise determined by the Committee at the time of grant and set forth in the Agreement, shall
thereupon automatically terminate, except that the portion of such Stock Option that has vested on the date of death may thereafter
be exercised by the legal representative of the estate or by the legatee of the Holder under the will of the Holder, for a period
of one year (or such other greater or lesser period as the Committee may specify at grant) from the date of such death or until
the expiration of the stated term of such Stock Option, whichever period is the shorter.


 


                              (g)               Termination
by Reason of Disability. If a Holder’s employment by the Company or any Subsidiary terminates by reason of Disability,
any Stock Option held by such Holder, unless otherwise determined by the Committee at the time of grant and set forth in the Agreement,
shall there upon automatically terminate, except that the portion of such Stock Option that has vested on the date of termination
may thereafter be exercised by the Holder for a period of one year (or such other greater or lesser period as the Committee may
specify at the time of grant) from the date of such termination of employment or until the expiration of the stated term of such
Stock Option, whichever period is the shorter.



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                              (h)               Other
Termination. Subject to the provisions of Section 13, below, and unless otherwise determined by the Committee at the time of
grant and set forth in the Agreement, if a Holder is an employee of the Company or a Subsidiary at the time of grant and if such
Holder’s employment by the Company or any Subsidiary terminates for any reason other than death or Disability, the Stock
Option shall thereupon automatically terminate, except that if the Holder’s employment is terminated by the Company or a
Subsidiary without cause or due to Normal Retirement, then the portion of such Stock Option that has vested on the date of termination
of employment may be exercised for the lesser of three months after termination of employment or the balance of such Stock Option’s
term.


 


                              (i)               Additional
Incentive Stock Option Limitation. In the case of an Incentive Stock Option, the aggregate Fair Market Value (on the date of
grant of the Option) with respect to which Incentive Stock Options become exercisable for the first time by a Holder during any
calendar year (under all such plans of the Company and its Parent and Subsidiary) shall not exceed $100,000.


 


                              (j)               Buyout
and Settlement Provisions. The Committee may at any time, subject to Board authorization, if indicated, offer to repurchase
a Stock Option previously granted, based upon such terms and conditions as the Committee shall establish and communicate to the
Holder at the time that such offer is made.


 


7.           Stock
Appreciation Rights.


 


               7.1          Grant
and Exercise. The Committee, subject to Board authorization, if indicated, may grant Stock Appreciation Rights to participants
who have been, or are being granted, Stock Options under the Plan as a means of allowing such participants to exercise their Stock
Options without the need to pay the exercise price in cash. In the case of a Nonqualified Stock Option, a Stock Appreciation Right
may be granted either at or after the time of the grant of such Nonqualified Stock Option. In the case of an Incentive Stock Option,
a Stock Appreciation Right may be granted only at the time of the grant of such Incentive Stock Option.


 


               7.2          Terms
and Conditions. Stock Appreciation Rights shall be subject to the following terms and conditions:


 


                              (a)               Exercisability.
Stock Appreciation Rights shall be exercisable as shall be determined by the Committee and set forth in the Agreement, subject
to the limitations, if any, imposed by the Code, with respect to related Incentive Stock Options.


 


                              (b)               Termination.
A Stock Appreciation Right shall terminate and shall no longer be exercisable upon the termination or exercise of the related Stock
Option.


 


                              (c)               Method
of Exercise. Stock Appreciation Rights shall be exercisable upon such terms and conditions as shall be determined by the Committee
and set forth in the Agreement and by surrendering the applicable portion of the related Stock Option. Upon such exercise and surrender,
the Holder shall be entitled to receive a number of shares of Common Stock equal to the SAR Value divided by the Fair Market Value
on the date the Stock Appreciation Right is exercised.


 


                              (d)               Shares
Affected Upon Plan. The granting of a Stock Appreciation Right shall not affect the number of shares of Common Stock available
for Awards under the Plan. The number of shares available for Awards under the Plan will, however, may be reduced by the number
of shares of Common Stock acquirable upon exercise of the Stock Option to which such Stock Appreciation Right relates.



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8.            Restricted
Stock.


 


               8.1          Grant.
Shares of Restricted Stock may be awarded either alone or in addition to other Awards granted under the Plan. The Committee, subject
to Board authorization, if indicated, shall determine the eligible persons to whom, and the time or times at which, grants of Restricted
Stock will be awarded, the number of shares to be awarded, the price (if any) to be paid by the Holder, the time or times within
which such Awards may be subject to forfeiture (“Restriction Period”), the vesting schedule and rights
to acceleration thereof, and all other terms and conditions of the Awards.


 


               8.2          Terms
and Conditions. Each Restricted Stock Award shall be subject to the following terms and conditions:


 


                              (a)               Certificates.
Restricted Stock, when issued, will be represented by a stock certificate or certificates registered in the name of the Holder
to whom such Restricted Stock shall have been awarded. During the Restriction Period, certificates representing the Restricted
Stock and any securities constituting Retained Distributions (as defined below) shall bear a legend to the effect that ownership
of the Restricted Stock (and such Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to
the restrictions, terms and conditions provided in the Plan and the Agreement. Such certificates shall be deposited by the Holder
with the Company, together with stock powers or other instruments of assignment, each endorsed in blank, which will permit transfer
to the Company of all or any portion of the Restricted Stock and any securities constituting Retained Distributions that shall
be forfeited or that shall not become vested in accordance with the Plan and the Agreement.


 


                              (b)               Rights
of Holder. Restricted Stock shall constitute issued and outstanding shares of Common Stock for all corporate purposes. The
Holder will have the right to vote such Restricted Stock, to receive and retain all regular cash dividends and other cash equivalent
distributions as the Board may in its sole discretion designate, pay or distribute on such Restricted Stock and to exercise all
other rights, powers and privileges of a holder of Common Stock with respect to such Restricted Stock, with the exceptions that
(i) the Holder will not be entitled to delivery of the stock certificate or certificates representing such Restricted Stock until
the Restriction Period shall have expired and unless all other vesting requirements with respect thereto shall have been fulfilled;
(ii) the Company will retain custody of the stock certificate or certificates representing the Restricted Stock during the Restriction
Period; (iii) other than regular cash dividends and other cash equivalent distributions as the Board may in its sole discretion
designate, pay or distribute, the Company will retain custody of all distributions (“Retained Distributions”)
made or declared with respect to the Restricted Stock (and such Retained Distributions will be subject to the same restrictions,
terms and conditions as are applicable to the Restricted Stock) until such time, if ever, as the Restricted Stock with respect
to which such Retained Distributions shall have been made, paid or declared shall have become vested and with respect to which
the Restriction Period shall have expired; (iv) a breach of any of the restrictions, terms or conditions contained in this Plan
or the Agreement or otherwise established by the Committee with respect to any Restricted Stock or Retained Distributions will
cause a forfeiture of such Restricted Stock and any Retained Distributions with respect thereto.


 


                              (c)               Vesting;
Forfeiture. Upon the expiration of the Restriction Period with respect to each Award of Restricted Stock and the satisfaction
of any other applicable restrictions, terms and conditions (i) all or part of such Restricted Stock shall become vested in accordance
with the terms of the Agreement, subject to Section 10, below, and (ii) any Retained Distributions with respect to such Restricted
Stock shall become vested to the extent that the Restricted Stock related thereto shall have become vested, subject to Section
10, below. Any such Restricted Stock and Retained Distributions that do not vest shall be forfeited to the Company and the Holder
shall not thereafter have any rights with respect to such Restricted Stock and Retained Distributions that shall have been so
forfeited.



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9.            Other
Stock-Based Awards.


 


               Other
Stock-Based Awards may be awarded, subject to limitations under applicable law, that are denominated or payable in, valued in whole
or in part by reference to, or otherwise based on, or related to, shares of Common Stock, as deemed by the Committee to be consistent
with the purposes of the Plan, including, without limitation, purchase rights, shares of Common Stock awarded which are not subject
to any restrictions or conditions, or other rights convertible into shares of Common Stock and Awards valued by reference to the
value of securities of or the performance of specified Subsidiaries. Other Stock-Based Awards may be awarded either alone or in
addition to or in tandem with any other Awards under this Plan or any other plan of the Company. Each other Stock-Based Award shall
be subject to such terms and conditions as may be determined by the Committee.


 


10.         Accelerated
Vesting and Exercisability.


 


               10.1        Non-Approved
Transactions. If any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes
the “beneficial owner” (as referred in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of
the Company representing 30% or more of the combined voting power of the Company’s then outstanding securities in one or
more transactions, and the Board does not authorize or otherwise approve such acquisition, then the vesting periods of any and
all Stock Options and other Awards granted and outstanding under the Plan shall be accelerated and all such Stock Options and Awards
will immediately and entirely vest, and the respective holders thereof will have the immediate right to purchase and/or receive
any and all Common Stock subject to such Stock Options and Awards on the terms set forth in this Plan and the respective agreements
respecting such Stock Options and Awards.


 


               10.2        Approved
Transactions. The Committee may, subject to Board authorization, if indicated, in the event of an acquisition of substantially
all of the Company’s assets or at least 50% of the combined voting power of the Company’s then outstanding securities
in one or more transactions (including by way of merger or reorganization) which has been approved by the Company’s Board
of Directors, (i) accelerate the vesting of any and all Stock Options and other Awards granted and outstanding under the Plan,
and (ii) require a Holder of any Award granted under this Plan to relinquish such Award to the Company upon the tender by the Company
to Holder of cash in an amount equal to the Repurchase Value of such Award.


 


11.         Amendment
and Termination.


 


               The
Board may at any time, and from time to time, amend alter, suspend or discontinue any of the provisions of the Plan, but no amendment,
alteration, suspension or discontinuance shall be made that would impair the rights of a Holder under any Agreement theretofore
entered into hereunder, without the Holder’s consent.


 


12.         Term
of Plan.


 


               12.1        Effective
Date. The Plan shall become effective at such time as the Plan is approved and adopted by the Company’s Board of Directors
(the “Effective Date”), subject to the following provisions:



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                              (a)               to
the extent that the Plan authorizes the Award of Incentive Stock Options, shareholder approval for the Plan shall be obtained within
12 months of the Effective Date; and


 


                              (b)               the
failure to obtain shareholder for the Plan as contemplated by subparagraph (a) of this Section 12 shall not invalidate the Plan;
provided, however, that (i) in the absence of such shareholder approval, Incentive Stock Options may not be awarded under the Plan
and (ii) any Incentive Stock Options theretofore awarded under the Plan shall be converted into Non-Qualified Options upon terms
and conditions determined by the Committee to reflect, as nearly as is reasonably practicable in its sole determination, the terms
and conditions of the Incentive Stock Options being so converted.


 


               12.2        Termination
Date. Unless otherwise terminated by the Board, this Plan shall continue to remain effective until the earlier of ten (10)
years from the Effective Date or such time as no further Awards may be granted and all Awards granted under the Plan are no longer
outstanding. Notwithstanding the foregoing, grants of Incentive Stock Options may be made only during the ten-year period following
the Effective Date.


 


13.         General
Provisions.


 


               13.1        Written
Agreements. Each Award granted under the Plan shall be confirmed by, and shall be subject to the terms, of the Agreement executed
by the Company and the Holder. The Committee may terminate any Award made under the Plan if the Agreement relating thereto is not
executed and returned to the Company within 10 days after the Agreement has been delivered to the Holder for his or her execution.


 


               13.2        Unfunded
Status of Plan. The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation.
With respect to any payments not yet made to a Holder by the Company, nothing contained herein shall give any such Holder any rights
that are greater than those of a general creditor of the Company.


 


               13.3        Employees.


 


                              (a)               Engaging
in Competition with the Company; Disclosure of Confidential Information. If a Holder’s employment with the Company or
a Subsidiary is terminated for any reason whatsoever, and within three months after the date thereof such Holder either (i) accepts
employment with any competitor of, or otherwise engages in competition with, the Company or (ii) discloses to anyone outside the
Company or uses any confidential information or material of the Company in violation of the Company’s policies or any agreement
between the Holder and the Company, the Committee, in its sole discretion, may require such Holder to return to the Company the
economic value of any Award that was realized or obtained by such Holder at any time during the period beginning on that date that
is six months prior to the date such Holder’s employment with the Company is terminated.


 


                              (b)               Termination
for Cause. The Committee may, if a Holder’s employment with the Company or a Subsidiary is terminated for cause, annul
any Award granted under this Plan to such employee and, in such event, the Committee, in its sole discretion, may require such
Holder to return to the Company the economic value of any Award that was realized or obtained by such Holder at any time during
the period beginning on that date that is six months prior to the date such Holder’s employment with the Company is terminated.


 


                              (c)               No
Right of Employment. Nothing contained in the Plan or in any Award hereunder shall be deemed to confer upon any Holder who
is an employee of the Company or any Subsidiary any right to continued employment with the Company or any Subsidiary, nor shall
it interfere in any way with the right of the Company or any Subsidiary to terminate the employment of any Holder who is an employee
at any time.



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               13.4.       Investment
Representations; Company Policy. The Committee may require each person acquiring shares of Common Stock pursuant to a Stock
Option or other Award under the Plan to represent to and agree with the Company in writing that the Holder is acquiring the shares
for investment without a view to distribution thereof. Each person acquiring shares of Common Stock pursuant to a Stock Option
or other Award under the Plan shall be required to abide by all policies of the Company in effect at the time of such acquisition
and thereafter with respect to the ownership and trading of the Company’s securities.


 


               13.5        Additional
Incentive Arrangements. Nothing contained in the Plan shall prevent the Board from adopting such other or additional incentive
arrangements as it may deem desirable, including, but not limited to, the granting of Stock Options and the Awarding of Common
Stock and cash otherwise than under the Plan; and such arrangements may be either generally applicable or applicable only in specific
cases.


 


               13.6        Withholding
Taxes. Not later than the date as of which an amount must first be included in the gross income of the Holder for Federal income
tax purposes with respect to any option or other Award under the Plan, the Holder shall pay to the Company, or make arrangements
satisfactory to the Committee regarding the payment of, any Federal, state and local taxes of any kind required by law to be withheld
or paid with respect to such amount. If permitted by the Committee, tax withholding or payment obligations may be settled with
Common Stock, including Common Stock that is part of the Award that gives rise to the withholding requirement. The obligations
of the Company under the Plan shall be conditioned upon such payment or arrangements and the Company or the Holder’s employer
(if not the Company) shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind
otherwise due to the Holder from the Company or any Subsidiary.


 


               13.7        Governing
Law. The Plan and all Awards made and actions taken thereunder shall be governed by and construed in accordance with the laws
of the State of Nevada.


 


               13.8        Other
Benefit Plans. Any Award granted under the Plan shall not be deemed compensation for purposes of computing benefits under any
retirement plan of the Company or any Subsidiary and shall not affect any benefits under any other benefit plan now or subsequently
in effect under which the availability or amount of benefits is related to the level of compensation (unless required by specific
reference in any such other plan to Awards under this Plan).


 


               13.9        Non-Transferability.
Except as otherwise expressly provided in the Plan or the Agreement, no right or benefit under the Plan may be alienated, sold,
assigned, hypothecated, pledged, exchanged, transferred, encumbered or charged, and any attempt to alienate, sell, assign, hypothecate,
pledge, exchange, transfer, encumber or charge the same shall be void.


 


               13.10      Applicable
Laws. The obligations of the Company with respect to all Stock Options and Awards under the Plan shall be subject to (i) all
applicable laws, rules and regulations and such approvals by any governmental agencies as may be required, including, without
limitation, the Securities Act of 1933, as amended, and (ii) the rules and regulations of any securities exchange on which the
Common Stock may be listed.



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               13.11      Conflicts.
If any of the terms or provisions of the Plan or an Agreement conflict with the requirements of Section 422 of the Code, then such
terms or provisions shall be deemed inoperative to the extent they so conflict with such requirements. Additionally, if this Plan
or any Agreement does not contain any provision required to be included herein under Section 422 of the Code, such provision shall
be deemed to be incorporated herein and therein with the same force and effect as if such provision had been set out at length
herein and therein. If any of the terms or provisions of any Agreement conflict with any terms or provisions of the Plan, then
such terms or provisions shall be deemed inoperative to the extent they so conflict with the requirements of the Plan. Additionally,
if any Agreement does not contain any provision required to be included therein under the Plan, such provision shall be deemed
to be incorporated therein with the same force and effect as if such provision had been set out at length therein.


 


               13.12      Non-Registered
Stock. The shares of Common Stock to be distributed under this Plan have not been, as of the Effective Date, registered under
the Securities Act of 1933, as amended, or any applicable state or foreign securities laws and the Company has no obligation to
any Holder to register the Common Stock or to assist the Holder in obtaining an exemption from the various registration requirements,
or to list the Common Stock on a national securities exchange or any other trading or quotation system.



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Plan
Amendments


 


	
         

        Date 

Approved by

 Board
	Date Approved 

by 

Stockholders, if

 necessary	
         

        Sections

 Amended
	
         

         

         

        Description of Amendment(s)

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 




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FORM OF OPTION AWARD AGREEMENT


 


OSLER INCORPORATED


254 South Mulberry Street


Suite 113


Meza, AZ 85202


 


[DATE]


_________________


_________________


_________________


 


Re:         Stock
Option


 


Dear __________:


 


               We
are pleased to advise you that, on [_______], the Board of Directors of Osler Incorporated (the “Company”)
authorized the Award to you of an option to purchase [_______] shares of our common stock, par value $0.001 per share (the “Option”),
upon the following terms and conditions:


 


1.            The
Option is granted in accordance with and subject to the terms and conditions of the Company’s 2014 Equity Compensation Plan
(the “Plan”).


 


2.            The
Option is [an incentive] [non-qualified] stock option.


 


3.            The
Option is exercisable commencing on [__________] and terminating at 5:00 pm New York time on [__________].


 


4.            The
price at which the Option may be exercised is $[_____] per share.


 


5.            The
Option is non-transferable and may be exercised, in whole or in part, during the exercise period, only by you, except that upon
your death, the Option may be exercised strictly in accordance with the terms and conditions of the Plan.


 


6.            The
exercise price and number of shares issuable upon exercise of the Option (the “Option Shares”) are subject
to adjustment in accordance with the Plan in the event of stock splits, dividends, reorganizations and similar corporate events.


 


7.            If,
neither the Option nor the Option Shares have been registered under the Securities Act of 1933, as amended (the “Act”),
and the Option Shares may not be sold, assigned, pledged, transferred or otherwise disposed of absent registration under the Act
or the availability of an applicable exemption from registration. All certificates evidencing the Option Shares will contain a
legend describing this restriction on resale of the Option Shares. There is no assurance that there will be a public market into
which you may sell the Option Shares or that you will be able to sell your Option Shares at a profit or at all.


 


8.            In
order to exercise the Option, you must provide us with written notice that you are exercising all or a portion of your Option.
The written notice must specify the number of Option Shares that you are exercising your Option for, and must be accompanied by
the exercise price described in paragraph 4, above. Your Option Shares will be issued to you within approximately one week following
our receipt of your exercise notice and cleared funds evidencing the exercise price.



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9.            No
rights or privileges of a shareholder of the Company are conferred by reason of the grant of the Option to you. You will have no
rights of a shareholder until you have delivered your exercise notice to us and we have received the exercise price of the Option
in cleared funds.


 


               You
understand that the Plan contains important information about your Option and your rights with respect to the Option. The Plan
includes terms relating to your right to exercise the Option; important restrictions on your ability to transfer the Option or
Option Shares; provisions relating to adjustments in the number of Option Shares and the exercise price; and early termination
of the Option following the occurrence of certain events; including the termination of your relationship with us. By signing below,
you acknowledge your receipt of a copy of the Plan. By acceptance of your Option, you agree to abide by the terms and conditions
of the Plan.


 


10.         Our
business is subject to many risks and uncertainties. We may never operate profitably. The exercise of your Option is a speculative
investment and there is no assurance that you will realize a profit on the sale of Option Shares received upon exercise of your
Option.


 


11.          The
Option will become effective upon your acknowledgment of the terms and conditions of this Agreement and your delivery to us of
a signed counterpart of this Agreement.


 


12.          This
Agreement and Plan contain all of the terms and conditions of your Option and supersedes all prior agreements or understandings
relating to your Option. This Agreement shall be governed by the laws of the State of Delaware without regard to the conflicts
of law provisions thereof.


 


13.          This
Agreement may not be amended orally.


 


                                                                                                                                        Very
truly yours,


                                                                                                                                        __________________________


                                                                                                                                        Chief
Executive Officer


 


AGREED TO AND ACCEPTED THIS


_____ DAY OF ________ 20__


________________________________


(Signature)


_________________________________


(Print Name)




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