Exhibit 10.1





FULL SPECTRUM INC. 


2016 INCENTIVE STOCK PLAN


 


This
FULL SPECTRUM INC. 2016 Incentive Stock Plan (the "Plan") is designed to retain directors, executives
and selected employees and consultants and reward them for making major contributions to the success of the Company.  These
objectives are accomplished by making long-term incentive awards under the Plan thereby providing Participants with a proprietary
interest in the growth and performance of the Company.


 


		1.	Definitions.


 


		(a)	"Board"
- The Board of Directors of the Company.


 


		(b)	"Code"
- The Internal Revenue Code of 1986, as amended from time to time.


 


		(c)	"Committee"
- The Compensation Committee of the Company's Board, or such other committee of the Board that is designated by the Board to administer
the Plan, composed of not less than two members of the Board all of whom are disinterested persons, as contemplated by Rule 16b-3
("Rule 16b-3") promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act").


 


		(d)	"Company"
– Full Spectrum Inc. and its subsidiaries, including subsidiaries of subsidiaries.


 





		(e)	"Delaware Securities Rules" – Title VI, Chapter 73 of the Delaware Code.



 


		(f)	"Exchange Act" - The Securities Exchange Act of 1934, as amended from time to
time.



  


		(g)	"Fair
Market Value" - The fair market value of the Company's issued and outstanding Stock as determined in good faith by the
Board or Committee.


 


		(h)	"Grant"
- The grant of any form of stock option, stock award, or stock purchase offer, whether granted singly, in combination or in tandem,
to a Participant pursuant to such terms, conditions and limitations as the Committee may establish in order to fulfill the objectives
of the Plan.


 


		(i)	"Grant
Agreement" - An agreement between the Company and a Participant that sets forth the terms, conditions and limitations
applicable to a Grant.


 


		(j)	"Option"
- Either an Incentive Stock Option, in accordance with Section 422 of the Code, or a Nonstatutory Option, to purchase the Company's
Stock that may be awarded to a Participant under the Plan. A Participant who receives an award of an Option shall be referred
to as an "Optionee."


 


		(k)	"Participant"
- A director, officer, employee or consultant of the Company to whom an Award has been made under the Plan.


 


		(l)	"Restricted
Stock Purchase Offer" - A Grant of the right to purchase a specified number of shares of Stock pursuant to a written
agreement issued under the Plan.


 


		(m)	"Securities
Act" - The Securities Act of 1933, as amended from time to time.


 


		(n)	"Stock"
- Authorized and issued or unissued shares of common stock of the Company.





 


		(o)	"Stock
Award" - A Grant made under the Plan in stock or denominated in units of stock for which the Participant is not obligated
to pay additional consideration.


 




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		2.	Administration.


 


The Plan shall be administered by the Board,
provided however, that the Board may delegate such administration to the Committee. Subject to the provisions of the Plan, the
Board and/or the Committee shall have authority to (a) grant, in its discretion, Incentive Stock Options in accordance with Section
422 of the Code, or Nonstatutory Options, Stock Awards or Restricted Stock Purchase Offers; (b) determine in good faith the fair
market value of the Stock covered by any Grant; (c) determine which eligible persons shall receive Grants and the number of shares,
restrictions, terms and conditions to be included in such Grants; (d) construe and interpret the Plan; (e) promulgate, amend and
rescind  rules and regulations relating to its administration, and correct defects, omissions and inconsistencies in
the Plan or any Grant; (f) consistent with the Plan and with the consent of the Participant, as appropriate, amend any outstanding
Grant or amend the exercise date or dates thereof; (g) determine the duration and purpose of leaves of absence which may be granted
to Participants without constituting termination of their employment for the purpose of the Plan or any Grant; and (h) make all
other determinations necessary or advisable for the Plan's administration. The interpretation and construction by the Board of
any provisions of the Plan or selection of Participants shall be conclusive and final. No member of the Board or the Committee
shall be liable for any action or determination made in good faith with respect to the Plan or any Grant made thereunder.


 


		3.	Eligibility.


 


		(a)	General:  The
persons who shall be eligible to receive Grants shall be directors, officers, employees or consultants to the Company. The term
consultant shall mean any person, other than an employee, who is engaged by the Company to render services and is compensated
for such services. An Optionee may hold more than one Option. Any issuance of a Grant to an officer or director of the Company
subsequent to the first registration of any of the securities of the Company under the Exchange Act shall comply with the requirements
of Rule 16b-3.


 


		(b)	Incentive
Stock Options:  Incentive Stock Options may only be issued to employees of the Company. Incentive Stock Options
may be granted to officers or directors, provided they are also employees of the Company. Payment of a director's fee shall not
be sufficient to constitute employment by the Company.


 


The Company shall not grant an Incentive
Stock Option under the Plan to any employee if such Grant would result in such employee holding the right to exercise for the first
time in any one calendar year, under all Incentive Stock Options granted under the Plan or any other plan maintained by the Company,
with respect to shares of Stock having an aggregate Fair Market Value, determined as of the date of the Option is granted, in excess
of $100,000. Should it be determined that an Incentive Stock Option granted under the Plan exceeds such maximum for any reason
other than a failure in good faith to value the Stock subject to such option, the excess portion of such option shall be considered
a Nonstatutory Option. To the extent the employee holds two (2) or more such Options which become exercisable for the first time
in the same calendar year, the foregoing limitation on the exercisability of such Option as Incentive Stock Options under the Federal
tax laws shall be applied on the basis of the order in which such Options are granted. If, for any reason, an entire Option does
not qualify as an Incentive Stock Option by reason of exceeding such maximum, such Option shall be considered a Nonstatutory Option.


 


		(c)	Nonstatutory
Option: The provisions of the foregoing Section 3(b) shall not apply to any Option designated as a "Nonstatutory Option"
or which sets forth the intention of the parties that the Option be a Nonstatutory Option.


 


		(d)	Stock
Awards and Restricted Stock Purchase Offers:  The provisions of this Section 3 shall not apply to any Stock Award
or Restricted Stock Purchase Offer under the Plan.


 


		4.	Stock.


 


		(a)	Authorized
Stock: Stock subject to Grants may be either unissued or reacquired Stock.


 




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		(b)	Number
of Shares:  Subject to adjustment as provided in Section 5(i) of the Plan, the total number of shares of Stock which
may be purchased or granted directly by Options, Stock Awards or Restricted Stock Purchase Offers, or purchased indirectly through
exercise of Options granted under the Plan shall not exceed One Million Six Hundred and Twenty Thousand (1,620,000). If any Grant
shall for any reason terminate or expire, any shares allocated thereto but remaining unpurchased upon such expiration or termination
shall again be available for Grants with respect thereto under the Plan as though no Grant had previously occurred with respect
to such shares. Any shares of Stock issued pursuant to a Grant and repurchased pursuant to the terms thereof shall be available
for future Grants as though not previously covered by a Grant.


 


		(c)	Reservation
of Shares:  The Company shall reserve and keep available at all times during the term of the Plan such number of
shares as shall be sufficient to satisfy the requirements of the Plan. If, after reasonable efforts, which efforts shall not include
the registration of the Plan or Grants under the Securities Act, the Company is unable to obtain authority from any applicable
regulatory body, which authorization is deemed necessary by legal counsel for the Company for the lawful issuance of shares hereunder,
the Company shall be relieved of any liability with respect to its failure to issue and sell the shares for which such requisite
authority was so deemed necessary unless and until such authority is obtained.


 


		(d)	Application
of Funds: The proceeds received by the Company from the sale of Stock pursuant to the exercise of Options or rights under
Stock Purchase Agreements will be used for general corporate purposes.


 


		(e)	No
Obligation to Exercise: The issuance of a Grant shall impose no obligation upon the Participant to exercise any rights under
such Grant.


 


		5.	Terms
and Conditions of Options.


 


Options granted hereunder shall be evidenced
by agreements between the Company and the respective Optionees, in such form and substance as the Board or Committee shall from
time to time approve. The form of Incentive Stock Option Agreement attached hereto as Exhibit A and the three forms of a
Nonstatutory Stock Option Agreement for employees, for directors and for consultants, attached hereto as Exhibit B-1,Exhibit
B-2 and Exhibit B-3, respectively, shall be deemed to be approved by the Board. Option agreements need not be identical,
and in each case may include such terms and provisions as the Board or Committee may determine, but all such agreements shall be
subject to and limited by the following terms and conditions:


 


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


 


		(b)	Exercise
Price: Each Option shall state the exercise price, which shall be determined as follows:


 


	 	(i) 	Any Incentive Stock Option granted to a person who at the time the Option is granted owns (or is deemed to own pursuant to Section 424(d) of the Code) stock possessing more than ten percent (10%) of the total combined voting power or value of all classes of stock of the Company ("Ten Percent Holder") shall have an exercise price of no less than 110% of Fair Market Value as of the date of grant; and


 


	 	(ii) 	Incentive Stock Options granted to a person who at the time the Option is granted is not a Ten Percent Holder shall have an exercise price of no less than 100% of Fair Market Value as of the date of grant.


 


For the purposes of this Section 5(b),
the Fair Market Value shall be as determined by the Board in good faith, which determination shall be conclusive and binding; provided
however, that if there is a public market for such Stock, the Fair Market Value per share shall be the average of the bid and asked
prices (or the closing price if such stock is listed on the NASDAQ National Market System or Nasdaq Capital Market) on the date
of grant of the Option, or if listed on a stock exchange, the closing price on such exchange on such date of grant.


 


		(c)	Medium
and Time of Payment:  The exercise price shall become immediately due upon exercise of the Option and shall be paid
in cash or check made payable to the Company. Should the Company's outstanding Stock be registered under Section 12(g) of the
Exchange Act at the time the Option is exercised, then the exercise price may also be paid as follows:


 






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	 	(i)  	
        in shares of Stock held by the Optionee
        for the requisite period necessary to avoid a charge to the Company's earnings for financial reporting purposes and valued at Fair
        Market Value on the exercise date, or

         

	 	(ii)  	through a special sale and remittance procedure pursuant to which the Optionee shall concurrently provide irrevocable written instructions (a) to a Company designated brokerage firm to effect the immediate sale of the purchased shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price payable for the purchased shares plus all applicable Federal, state and local income and employment taxes required to be withheld by the Company by reason of such purchase and (b) to the Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale transaction.


 


At the discretion of the Board, exercisable
either at the time of Option grant or of Option exercise, the exercise price may also be paid (i) by Optionee's delivery of a promissory
note in form and substance satisfactory to the Company and permissible under the Securities Rules of the State of Delaware and
bearing interest at a rate determined by the Board in its sole discretion, but in no event less than the minimum rate of interest
required to avoid the imputation of compensation income to the Optionee under the Federal tax laws, or (ii) in such other form
of consideration permitted by the Delaware corporations law as may be acceptable to the Board.


 


		(d)	Term
and Exercise of Options:


 


Any Option granted to an employee, consultant
or director of the Company shall become exercisable over a period of no longer than ten (10) years. Unless otherwise specified
by the Board or the Committee in the resolution authorizing such Option, the date of grant of an Option shall be deemed to be the
date upon which the Board or the Committee authorizes the granting of such Option. Each Option shall be exercisable to the nearest
whole share, in installments or otherwise, as the respective Option agreements may provide. During the lifetime of an Optionee,
the Option shall be exercisable only by the Optionee and shall not be assignable or transferable by the Optionee, and no other
person shall acquire any rights therein. To the extent not exercised, installments (if more than one) shall accumulate, but shall
be exercisable, in whole or in part, only during the period for exercise as stated in the Option agreement, whether or not other
installments are then exercisable.


 


		(e)	Termination
of Status as Employee, Consultant or Director:  If Optionee's status as an employee shall terminate for any reason
other than Optionee's disability or death, then Optionee (or if the Optionee shall die after such termination, but prior to exercise,
Optionee's personal representative or the person entitled to succeed to the Option) shall have the right to exercise the portions
of any of Optionee's Incentive Stock Options which were exercisable as of the date of such termination, in whole or in part, not
less than 30 days nor more than three (3) months after such termination (or, in the event of "termination for good cause"
as that term is defined in Delaware case law related thereto, or by the terms of the Plan or the Option Agreement or an employment
agreement, the Option shall automatically terminate as of the termination of employment as to all shares covered by the Option).


 


With respect to Nonstatutory Options granted
to employees, directors or consultants, the Board may specify such period for exercise, not less than 30 days after such termination
(except that in the case of "termination for cause" or removal of a director, the Option shall automatically terminate
as of the termination of employment or services as to shares covered by the Option, following termination of employment or services
as the Board deems reasonable and appropriate). The Option may be exercised only with respect to installments that the Optionee
could have exercised at the date of termination of employment or services. Nothing contained herein or in any Option granted pursuant
hereto shall be construed to affect or restrict in any way the right of the Company to terminate the employment or services of
an Optionee with or without cause.


 


		(f)	Disability
of Optionee:  If an Optionee is disabled (within the meaning of Section 22(e)(3) of the Code) at the time of termination,
the three (3) month period set forth in Section 5(e) shall be a period, as determined by the Board and set forth in the Option,
of not less than six months nor more than one year after such termination.



 






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		(g)	Death
of Optionee:  If an Optionee dies while employed by, engaged as a consultant to, or serving as a Director of the
Company, the portion of such Optionee's Option which was exercisable at the date of death may be exercised, in whole or in part,
by the estate of the decedent or by a person succeeding to the right to exercise such Option at any time within (i) a period,
as determined by the Board and set forth in the Option, of not less than six (6) months nor more than one (1) year after Optionee's
death, or (ii) during the remaining term of the Option, whichever is the lesser. The Option may be so exercised only with respect
to installments exercisable at the time of Optionee's death and not previously exercised by the Optionee.


 


		(h)	Nontransferability
of Option:  No Option shall be transferable by the Optionee, except by will or by the laws of descent and distribution.


 


		(i)	Recapitalization:  Subject
to any required action of shareholders, the number of shares of Stock covered by each outstanding Option, and the exercise price
per share thereof set forth in each such Option, shall be proportionately adjusted for any increase or decrease in the number
of issued shares of Stock of the Company resulting from a stock split, stock dividend, combination, subdivision or reclassification
of shares, or the payment of a stock dividend, or any other increase or decrease in the number of such shares affected without
receipt of consideration by the Company; provided, however, the conversion of any convertible securities of the Company shall
not be deemed to have been "effected without receipt of consideration" by the Company.


 


 In the event
of a proposed dissolution or liquidation of the Company, a merger or consolidation in which the Company is not the surviving entity,
or a sale of all or substantially all of the assets or capital stock of the Company (collectively, a "Reorganization"),
unless otherwise provided by the Board, this Option shall terminate immediately prior to such date as is determined by the Board,
which date shall be no later than the consummation of such Reorganization.  In such event, if the entity which shall
be the surviving entity does not tender to Optionee an offer, for which it has no obligation to do so, to substitute for any unexercised
Option a stock option or capital stock of such surviving of such surviving entity, as applicable, which on an equitable basis shall
provide the Optionee with substantially the same economic benefit as such unexercised Option, then the Board may grant to such
Optionee, in its sole and absolute discretion and without obligation, the right for a period commencing thirty (30) days prior
to and ending immediately prior to the date determined by the Board pursuant hereto for termination of the Option or during the
remaining term of the Option, whichever is the lesser, to exercise any unexpired Option or Options without regard to the installment
provisions of Paragraph 6(d) of the Plan; provided, that any such right granted shall be granted to all Optionees not receiving
an offer to receive substitute options on a consistent basis, and provided further, that any such exercise shall be subject to
the consummation of such Reorganization.


 


 Subject to any
required action of shareholders, if the Company shall be the surviving entity in any merger or consolidation, each outstanding
Option thereafter shall pertain to and apply to the securities to which a holder of shares of Stock equal to the shares subject
to the Option would have been entitled by reason of such merger or consolidation.


 


In the event of a change in the Stock of
the Company as presently constituted, which is limited to a change of all of its authorized shares without par value into the same
number of shares with a par value, the shares resulting from any such change shall be deemed to be the Stock within the meaning
of the Plan.


 


To the extent that the foregoing adjustments
relate to stock or securities of the Company, such adjustments shall be made by the Board, whose determination in that respect
shall be final, binding and conclusive. Except as expressly provided in this Section 5(i), the Optionee shall have no rights by
reason of any subdivision or consolidation of shares of stock of any class or the payment of any stock dividend or any other increase
or decrease in the number of shares of stock of any class, and the number or price of shares of Stock subject to any Option shall
not be affected by, and no adjustment shall be made by reason of, any dissolution, liquidation, merger, consolidation or sale of
assets or capital stock, or any issue by the Company of shares of stock of any class or securities convertible into shares of stock
of any class.


 




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The Grant of an Option pursuant to the
Plan shall not affect in any way the right or power of the Company to make any adjustments, reclassifications, reorganizations
or changes in its capital or business structure or to merge, consolidate, dissolve, or liquidate or to sell or transfer all or
any part of its business or assets.


 


		(j)	Rights
as a Shareholder:  An Optionee shall have no rights as a shareholder with respect to any shares covered by an Option
until the effective date of the issuance of the shares following exercise of such Option by Optionee. No adjustment shall be made
for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for
which the record date is prior to the date such stock certificate is issued, except as expressly provided in Section 5(i) hereof.


 


		(k)	Modification,
Acceleration, Extension, and Renewal of Options:  Subject to the terms and conditions and within the limitations
of the Plan, the Board may modify an Option, or, once an Option is exercisable, accelerate the rate at which it may be exercised,
and may extend or renew outstanding Options granted under the Plan or accept the surrender of outstanding Options (to the extent
not theretofore exercised) and authorize the granting of new Options in substitution for such Options, provided such action is
permissible under Section 422 of the Code and the Delaware Securities Rules. Notwithstanding the provisions of this Section 5(k),
however, no modification of an Option shall, without the consent of the Optionee, alter to the Optionee's detriment or impair
any rights or obligations under any Option theretofore granted under the Plan.


 


		(l)	Exercise
Before Exercise Date:  At the discretion of the Board, the Option may, but need not, include a provision whereby
the Optionee may elect to exercise all or any portion of the Option prior to the stated exercise date of the Option or any installment
thereof. Any shares so purchased prior to the stated exercise date shall be subject to repurchase by the Company upon termination
of Optionee's employment as contemplated by Section 5(n) hereof prior to the exercise date stated in the Option and such other
restrictions and conditions as the Board or Committee may deem advisable.


 


		(m)	Other
Provisions:  The Option agreements authorized under the Plan shall contain such other provisions, including, without
limitation, restrictions upon the exercise of the Options, as the Board or the Committee shall deem advisable. Shares shall not
be issued pursuant to the exercise of an Option, if the exercise of such Option or the issuance of shares thereunder would violate,
in the opinion of legal counsel for the Company, the provisions of any applicable law or the rules or regulations of any applicable
governmental or administrative agency or body, such as the Code, the Securities Act, the Exchange Act, the Delaware Securities
Rules, Delaware corporation law, and the rules promulgated under the foregoing or the rules and regulations of any exchange upon
which the shares of the Company are listed. Without limiting the generality of the foregoing, the exercise of each Option shall
be subject to the condition that if at any time the Company shall determine that (i) the satisfaction of withholding tax or other
similar liabilities, or (ii) the listing, registration or qualification of any shares covered by such exercise upon any securities
exchange or under any state or federal law, or (iii) the consent or approval of any regulatory body, or (iv) the perfection of
any exemption from any such withholding, listing, registration, qualification, consent or approval is necessary or desirable in
connection with such exercise or the issuance of shares thereunder, then in any such event, such exercise shall not be effective
unless such withholding, listing registration, qualification, consent, approval or exemption shall have been effected, obtained
or perfected free of any conditions not acceptable to the Company.


 






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		(n)	Repurchase
Agreement:  The Board may, in its discretion, require as a condition to the Grant of an Option hereunder, that an
Optionee execute an agreement with the Company, in form and substance satisfactory to the Board in its discretion ("Repurchase
Agreement"), (i) restricting the Optionee's right to transfer shares purchased under such Option without first offering
such shares to the Company or another shareholder of the Company upon the same terms and conditions as provided therein; and (ii)
providing that upon termination of Optionee's employment with the Company, for any reason, the Company (or another shareholder
of the Company, as provided in the Repurchase Agreement) shall have the right at its discretion (or the discretion of such other
shareholders) to purchase and/or redeem all such shares owned by the Optionee on the date of termination of his or her employment
at a price equal to: (A) the fair value of such shares as of such date of termination; or (B) if such repurchase right lapses
at 20% of the number of shares per year, the original purchase price of such shares, and upon terms of payment permissible under
the Delaware Securities Rules; provided that in the case of Options or Stock Awards granted to officers, directors, consultants
or affiliates of the Company, such repurchase provisions may be subject to additional or greater restrictions as determined by
the Board or Committee.


 


		6.	Stock
Awards and Restricted Stock Purchase Offers.


 


	 	(a)	Types of Grants.


 


		(i)	Stock
Award.  All or part of any Stock Award under the Plan may be subject to conditions established by the Board or the
Committee, and set forth in the Stock Award Agreement, which may include, but are not limited to, continuous service with the
Company, achievement of specific business objectives, increases in specified indices, attaining growth rates and other comparable
measurements of Company performance. Such Awards may be based on Fair Market Value or other specified valuation. All Stock Awards
will be made pursuant to the execution of a Stock Award Agreement substantially in the form attached hereto as Exhibit C.


 


		(ii)	Restricted
Stock Purchase Offer.  A Grant of a Restricted Stock Purchase Offer under the Plan shall be subject to such (i)
vesting contingencies related to the Participant's continued association with the Company for a specified time and (ii) other
specified conditions as the Board or Committee shall determine, in their sole discretion, consistent with the provisions of the
Plan. All Restricted Stock Purchase Offers shall be made pursuant to a Restricted Stock Purchase Offer substantially in the form
attached hereto as Exhibit D.


 


		(b)	Conditions
and Restrictions.  Shares of Stock which Participants may receive as a Stock Award under a Stock Award Agreement
or Restricted Stock Purchase Offer under a Restricted Stock Purchase Offer may include such restrictions as the Board or Committee,
as applicable, shall determine, including restrictions on transfer, repurchase rights, right of first refusal, and forfeiture
provisions. When transfer of Stock is so restricted or subject to forfeiture provisions it is referred to as "Restricted
Stock". Further, with Board or Committee approval, Stock Awards or Restricted Stock Purchase Offers may be deferred,
either in the form of installments or a future lump sum distribution. The Board or Committee may permit selected Participants
to elect to defer distributions of Stock Awards or Restricted Stock Purchase Offers in accordance with procedures established
by the Board or Committee to assure that such deferrals comply with applicable requirements of the Code including, at the choice
of Participants, the capability to make further deferrals for distribution after retirement. Any deferred distribution, whether
elected by the Participant or specified by the Stock Award Agreement, Restricted Stock Purchase Offers or by the Board or Committee,
may require the payment be forfeited in accordance with the provisions of Section 6(c). Dividends or dividend equivalent rights
may be extended to and made part of any Stock Award or Restricted Stock Purchase Offers denominated in Stock or units of Stock,
subject to such terms, conditions and restrictions as the Board or Committee may establish.


 


		(c)	Cancellation
and Rescission of Grants.  Unless the Stock Award Agreement or Restricted Stock Purchase Offer specifies otherwise,
the Board or Committee, as applicable, may cancel any unexpired, unpaid, or deferred Grants at any time if the Participant is
not in compliance with all other applicable provisions of the


 


	 	 	Stock Award Agreement or Restricted Stock Purchase Offer, the Plan and with the following conditions:


 






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		(i)	A
Participant shall not render services for any organization or engage directly or indirectly in any business which, in the judgment
of the chief executive officer of the Company or other senior officer designated by the Board or Committee, is or becomes competitive
with the Company, or which organization or business, or the rendering of services to such organization or business, is or becomes
otherwise prejudicial to or in conflict with the interests of the Company. For Participants whose employment has terminated, the
judgment of the chief executive officer shall be based on the Participant's position and responsibilities while employed by the
Company, the Participant's post-employment responsibilities and position with the other organization or business, the extent of
past, current and potential competition or conflict between the Company and the other organization or business, the effect on
the Company's customers, suppliers and competitors and such other considerations as are deemed relevant given the applicable facts
and circumstances.  A Participant who has retired shall be free, however, to purchase as an investment or otherwise,
stock or other securities of such organization or business so long as they are listed upon a recognized securities exchange or
traded over-the-counter, and such investment does not represent a substantial investment to the Participant or a greater than
ten percent (10%) equity interest in the organization or business.


 


	 	(ii)	A Participant shall not, without prior written authorization from the Company, disclose to anyone outside the Company, or use in other than the Company's business, any confidential information or material, as defined in the Company's Proprietary Information and Invention Agreement or similar agreement regarding confidential information and intellectual property, relating to the business of the Company, acquired by the Participant either during or after employment with the Company.


 


	 	(iii)	A Participant, pursuant to the Company's Proprietary Information and Invention Agreement or similar agreement regarding intellectual property inventions, shall disclose promptly and assign to the Company all right, title and interest in any invention or idea, patentable or not, made or conceived by the Participant during employment by the Company, relating in any manner to the actual or anticipated business, research or development work of the Company and shall do anything reasonably necessary to enable the Company to secure a patent where appropriate in the United States and in foreign countries.


 


	 	(iv)	Upon exercise, payment or delivery pursuant to a Grant, the Participant shall certify on a form acceptable to the Committee that he or she is in compliance with the terms and conditions of the Plan. Failure to comply with all of the provisions of this Section 6(c) prior to, or during the six months after, any exercise, payment or delivery pursuant to a Grant shall cause such exercise, payment or delivery to be rescinded. The Company shall notify the Participant in writing of any such rescission within 45 days of discovery by the Company’s Chief Executive Officer of Participant’s failure to comply with the provision of Section 6(c).  Within ten days after receiving such a notice from the Company, the Participant shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment or delivery pursuant to a Grant. Such payment shall be made either in cash or by returning to the Company the number of shares of Stock that the Participant received in connection with the rescinded exercise, payment or delivery.


 


		(d)	Nonassignability.


 


	 	(i)	Except pursuant to Section 6(e)(iii) and except as set forth in Section 6(d)(ii), no Grant or any other benefit under the Plan shall be assignable or transferable, or payable to or exercisable by, anyone other than the Participant to whom it was granted.


 


	 	(ii)	Where a Participant terminates employment and retains a Grant pursuant to Section 6(e)(ii) in order to assume a position with a governmental, charitable or educational institution, the Board or Committee, in its discretion and to the extent permitted by law, may authorize a third party (including but not limited to the trustee of a "blind" trust), acceptable to the applicable governmental or institutional authorities, the Participant and the Board or Committee, to act on behalf of the Participant with regard to such Awards.


 


		(e)	Termination
of Employment.  If the employment or service to the Company of a Participant terminates, other


 


	 	than pursuant to any of the following provisions under this Section 6(e), all unexercised, deferred and unpaid Stock Awards or Restricted Stock Purchase Offers shall be cancelled immediately, unless the Stock Award Agreement or Restricted Stock Purchase Offer provides otherwise:


 


		(i)	Retirement
Under a Company Retirement Plan.  When a Participant's employment terminates as a result of retirement in accordance
with the terms of a Company retirement plan, the Board or Committee may permit Stock Awards or Restricted Stock Purchase Offers
to continue in effect beyond the date of retirement in accordance with the applicable Grant Agreement and the exercisability and
vesting of any such Grants may be accelerated.


 






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		(ii)	Rights
in the Best Interests of the Company.  When a Participant resigns from the Company or is terminated without cause
and, in the judgment of the Board or Committee, the acceleration and/or continuation of outstanding Stock Awards or Restricted
Stock Purchase Offers would be in the best interests of the Company, the Board or Committee may (i) authorize, where appropriate,
the acceleration and/or continuation of all or any part of Grants issued prior to such termination and (ii) permit the exercise,
vesting and payment of such Grants for such period as may be set forth in the applicable Grant Agreement, subject to earlier cancellation
pursuant to Section 9 or at such time as the Board or Committee shall deem the continuation of all or any part of the Participant's
Grants are not in the Company's best interest.


 


		(iii)	Death
or Disability of a Participant.


 


	 	(1) 	In the event of a Participant's death, the Participant's estate or beneficiaries shall have a period up to the expiration date specified in the Grant Agreement for the applicable stock award or stock purchase offer within which to receive or exercise any such outstanding Grant held by the Participant under such terms as may be specified in the applicable Grant Agreement. Rights to any such outstanding Grants shall pass by will or the laws of descent and distribution in the following order: (a) to beneficiaries so designated by the Participant; if none, then (b) to a legal representative of the Participant; if none, then (c) to the persons entitled thereto as determined by a court of competent jurisdiction. Grants so passing shall be made at such times and in such manner as if the Participant were living.


 


	 	(2) 	In the event a Participant is deemed by the Board or Committee to be unable to perform his or her usual duties by reason of mental disorder or medical condition which does not result from facts which would be grounds for termination for cause, Grants and rights to any such Grants may be paid to or exercised by the Participant, if legally competent, or a committee or other legally designated guardian or representative if the Participant is legally incompetent by virtue of such disability.


 


	 	(3) 	After the death or disability of a Participant, the Board or Committee may in its sole discretion at any time (1) terminate restrictions in Grant Agreements; (2) accelerate any or all installments and rights; and (3) instruct the Company to pay the total of any accelerated payments in a lump sum to the Participant, the Participant's estate, beneficiaries or representative; notwithstanding that, in the absence of such termination of restrictions or acceleration of payments, any or all of the payments due under the Grant might ultimately have become payable to other beneficiaries.


 


	 	(4) 	In the event of uncertainty as to interpretation of or controversies concerning this Section 6, the determinations of the Board or Committee, as applicable, shall be binding and conclusive.


 


		7.	Investment
Intent.


 


All Grants under the Plan are intended
to be exempt from registration under the Securities Act provided by Section 4(2) thereunder. Unless and until the granting of Options
or sale and issuance of Stock subject to the Plan are registered under the Securities Act or shall be exempt pursuant to the rules
promulgated thereunder, each Grant under the Plan shall provide that the purchases or other acquisitions of Stock thereunder shall
be for investment purposes and not with a view to, or for resale in connection with, any distribution thereof. Further, unless
the issuance and sale of the Stock have been registered under the Securities Act, each Grant shall provide that no shares shall
be purchased upon the exercise of the rights under such Grant unless and until (i) all then applicable requirements of state and
federal laws and regulatory agencies shall have been fully complied with to the satisfaction of the Company and its counsel, and
(ii) if requested to do so by the Company, the person exercising the rights under the Grant shall (i) give written assurances as
to knowledge and experience of such person (or a representative employed by such person) in financial and business matters and
the ability of such person (or representative) to evaluate the merits and risks of exercising the Option, and (ii) execute and
deliver to the Company a letter of investment intent and/or such other form related to applicable exemptions from registration,
all in such form and substance as the Company may require. If shares are issued upon exercise of any rights under a Grant without
registration under the Securities Act, subsequent registration of such shares shall relieve the purchaser thereof of any investment
restrictions or representations made upon the exercise of such rights.




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		8.	Amendment,
Modification, Suspension or Discontinuance of the Plan.


 


The Board may, insofar as permitted by
law, from time to time, with respect to any shares at the time not subject to outstanding Grants, suspend or terminate the Plan
or revise or amend it in any respect whatsoever, except that without the approval of the shareholders of the Company, no such revision
or amendment shall (i) increase the number of shares subject to the Plan, (ii) decrease the price at which Grants may be granted,
(iii) materially increase the benefits to Participants, or (iv) change the class of persons eligible to receive Grants under the
Plan; provided, however, no such action shall alter or impair the rights and obligations under any Option, or Stock Award, or Restricted
Stock Purchase Offer outstanding as of the date thereof without the written consent of the Participant thereunder. No Grant may
be issued while the Plan is suspended or after it is terminated, but the rights and obligations under any Grant issued while the
Plan is in effect shall not be impaired by suspension or termination of the Plan.


 


In the event of any change in the outstanding
Stock by reason of a stock split, stock dividend, combination or reclassification of shares, recapitalization, merger, or similar
event, the Board or the Committee may adjust proportionally (a) the number of shares of Stock (i) reserved under the Plan, (ii)
available for Incentive Stock Options and Nonstatutory Options and (iii) covered by outstanding Stock Awards or Restricted Stock
Purchase Offers; (b) the Stock prices related to outstanding Grants; and (c) the appropriate Fair Market Value and other price
determinations for such Grants. In the event of any other change affecting the Stock or any distribution (other than normal cash
dividends) to holders of Stock, such adjustments as may be deemed equitable by the Board or the Committee, including adjustments
to avoid fractional shares, shall be made to give proper effect to such event. In the event of a corporate merger, consolidation,
acquisition of property or stock, separation, reorganization or liquidation, the Board or the Committee shall be authorized to
issue or assume stock options, whether or not in a transaction to which Section 424(a) of the Code applies, and other Grants by
means of substitution of new Grant Agreements for previously issued Grants or an assumption of previously issued Grants.


 


		9.	Tax
Withholding.


 


The Company shall have the right to deduct
applicable taxes from any Grant payment and withhold, at the time of delivery or exercise of Options, Stock Awards or Restricted
Stock Purchase Offers or vesting of shares under such Grants, an appropriate number of shares for payment of taxes required by
law or to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for withholding of
such taxes. If Stock is used to satisfy tax withholding, such stock shall be valued based on the Fair Market Value when the tax
withholding is required to be made.


 


		10.	Availability
of Information.


 


During the term of the Plan and any additional
period during which a Grant granted pursuant to the Plan shall be exercisable, the Company shall make available, not later than
one hundred and twenty (120) days following the close of each of its fiscal years, such financial and other information regarding
the Company as is required by the bylaws of the Company and applicable law to be furnished in an annual report to the shareholders
of the Company. 


 


		11.	Notice.


 


Any written notice to the Company required
by any of the provisions of the Plan shall be addressed to the chief personnel officer or to the chief executive officer of the
Company, and shall become effective when it is received by the office of the chief personnel officer or the chief executive officer.


 




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		12.	Indemnification
of Board.


 


In addition to such other rights or indemnifications
as they may have as directors or otherwise, and to the extent allowed by applicable law, the members of the Board and the Committee
shall be indemnified by the Company against the reasonable expenses, including attorneys' fees, actually and necessarily incurred
in connection with the defense of any claim, action, suit or proceeding, or in connection with any appeal thereof, to which they
or any of them may be a party by reason of any action taken, or failure to act, under or in connection with the Plan or any Grant
granted thereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent
legal counsel selected by the Company) or paid by them in satisfaction of a judgment in any such claim, action, suit or proceeding,
except in any case in relation to matters as to which it shall be adjudged in such claim, action, suit or proceeding that such
Board or Committee member is liable for negligence or misconduct in the performance of his or her duties; provided that within
sixty (60) days after institution of any such action, suit or Board proceeding the member involved shall offer the Company, in
writing, the opportunity, at its own expense, to handle and defend the same.


 


		13.	Governing
Law.


 


The Plan and all determinations made and
actions taken pursuant hereto, to the extent not otherwise governed by the Code or the securities laws of the United States,
shall be governed by the law of the State of Delaware and construed accordingly.


 


		14.	Effective
and Termination Dates.


 


The Plan shall become effective upon adoption
by the Board, subject to approval within twelve (12) months by the shareholders of the Company. Unless and until this Plan has
been approved by the stockholders of the Company no Option or Stock Award may be exercised, and no shares of common stock of the
Company may be issued under this Plan. In the event that the stockholders of the Company shall not approve this Plan within such
twelve (12) month period, this Plan and any previously granted Options or Stock Awards shall terminate.


 


Unless previously terminated, this Plan
will terminate ten (10) years after the date this Plan is adopted by the Board, except that Awards that are granted under this
Plan prior to its termination will continue to be administered under the terms of this Plan until the Awards terminate, expire
or are exercised.


  


[SIGNATURE PAGE TO FOLLOW]


 




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The foregoing 2016
Incentive Stock Plan was duly adopted and approved by the Board of Directors on February ___, 2016.


 


	 	
        FULL SPECTRUM INC.,

        a Delaware corporation
	 
	 	 	 	 
	 	By:	/s/ 	 
	 	 	Name: Stewart Kantor 	 
	 	 	Title:    Chief Executive Officer	 


 




    12 


     


    

  


EXHIBIT A


 


FULL SPECTRUM INC. 


INCENTIVE STOCK OPTION AGREEMENT


 


This Incentive Stock
Option Agreement ("Agreement") is made and entered into as of the date set forth below, by and between
Full Spectrum Inc., a Delaware corporation (the "Company"), and the employee of the Company named in Section 1(b).
("Optionee"):


 


In consideration of the covenants herein set forth, the parties
hereto agree as follows:


 


1.  Option Information.


 


	 	(a)	Date of Option:


 


	 	(b)	Optionee:


 


	 	(c)	Number of Shares:


 


	 	(d)	Exercise Price:


 


2.  Acknowledgements.


 


(a) Optionee is an employee of the Company.


 


(b) The Board of Directors (the "Board" which
term shall include an authorized committee of the Board of Directors) and shareholders of the Company have heretofore adopted a
2016 Incentive Stock Plan (the "Plan"), pursuant to which this Option is being granted.


 


(c) The Board has authorized the granting to Optionee of an
incentive stock option ("Option") as defined in Section 422 of the Internal Revenue Code of 1986, as amended,
(the "Code") to purchase shares of common stock of the Company ("Stock") upon the terms and conditions
hereinafter stated and pursuant to an exemption from registration under the Securities Act of 1933, as amended (the "Securities
Act") provided by Section 4(2) thereunder.


 


3.  Shares; Price.  The Company hereby
grants to Optionee the right to purchase, upon and subject to the terms and conditions herein stated, the number of shares of Stock
set forth in Section 1(c) above (the "Shares") for cash (or other consideration as is authorized under the Plan
and acceptable to the Board, in their sole and absolute discretion) at the price per Share set forth in Section 1(d) above (the
"Exercise Price"), such price being not less than the fair market value per share of the Shares covered by this
Option as of the date hereof (unless Optionee is the owner of Stock possessing ten percent or more of the total voting power or
value of all outstanding Stock of the Company, in which case the Exercise Price shall be no less than 110% of the fair market value
of such Stock).


 


4.  Term of Option; Continuation of Employment.  This
Option shall expire, and all rights hereunder to purchase the Shares shall terminate ____ (___) years from the date hereof. This
Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's employment
if such termination occurs prior to the end of such ____ (___) year period. Nothing contained herein shall confer upon Optionee
the right to the continuation of his or her employment by the Company or to interfere with the right of the Company to terminate
such employment or to increase or decrease the compensation of Optionee from the rate in existence at the date hereof.


 




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5.  Vesting of Option. Subject to the provisions
of Sections 7 and 8 hereof, this Option shall become exercisable during the term of Optionee's employment in ______ equal annual
installments of _______ percent of the Shares covered by this Option, the first installment to be exercisable on _______ anniversary
of the date of this Option (the "Initial Vesting Date"), with an additional _____ percent of such Shares becoming exercisable
on each of the successive periods following the Initial Vesting Date. The installments shall be cumulative (i.e., this option may
be exercised, as to any or all Shares covered by an installment, at any time or times after an installment becomes exercisable
and until expiration or termination of this option).


 


6.  Exercise.  This Option shall
be exercised as follows:


 


	 	(i)	by delivery to the Company of (a) written notice of exercise stating the number of Shares being purchased (in whole shares only) and such other information set forth on the form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in the amount of the Exercise Price of the Shares covered by the notice (or such other consideration as has been approved by the Board of Directors consistent with the Plan) and (c) a written investment representation as provided for in Section 13 hereof, or


 


	 	(ii)	through a special sale and remittance procedure pursuant to which the Optionee shall concurrently provide irrevocable written instructions (a) to a Company designated brokerage firm to effect the immediate sale of the purchased shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price payable for the purchased shares plus all applicable Federal, state and local income and employment taxes required to be withheld by the Company by reason of such purchase and (b) to the Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale transaction.


 


This Option shall not be assignable or transferable, except
by will or by the laws of descent and distribution, and shall be exercisable only by Optionee during his or her lifetime, except
as provided in Section 8 hereof.


 


7. Termination of Employment. If Optionee shall cease
to be employed by the Company for any reason, whether voluntarily or involuntarily, other than by his or her death, Optionee (or
if the Optionee shall die after such termination, but prior to such exercise date, Optionee's personal representative or the person
entitled to succeed to the Option) shall have the right at any time within six (6) months following such termination of employment
or the remaining term of this Option, whichever is the lesser, to exercise in whole or in part this Option to the extent, but only
to the extent, that this Option was exercisable as of the date of termination of employment and had not previously been exercised;
provided, however: (i) if Optionee is permanently disabled (within the meaning of Section 22(e)(3) of the Code) at the time of
termination, the foregoing six (6) month period shall be extended to twelve (12) months; or (ii) if Optionee is terminated "for
cause", as that term is defined, or by the terms of the Plan or this Option Agreement or by any employment agreement between
the Optionee and the Company, this Option shall automatically terminate as to all Shares covered by this Option not exercised prior
to termination. Unless earlier terminated, all rights under this Option shall terminate in any event on the expiration date of
this Option as defined in Section 4 hereof.


 


8. Death of Optionee. If the Optionee shall die while
in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any
time within twelve (12) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the
lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this
Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that
this Option has not previously been exercised by Optionee.


 


9. No Rights as Shareholder. Optionee shall have no rights
as a shareholder with respect to the Shares covered by any installment of this Option until the effective date of issuance of Shares
following exercise of this Option, and no adjustment will be made for dividends or other rights for which the record date is prior
to the date such stock certificate or certificates are issued except as provided in Section 10 hereof.




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10. Recapitalization. Subject to any required action
by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof, shall be proportionately
adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation of shares or
the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt of consideration
by the Company; provided however that the conversion of any convertible securities of the Company shall not be deemed having been
"effected without receipt of consideration by the Company".


 


 In the event of a proposed dissolution
or liquidation of the Company, a merger or consolidation in which the Company is not the surviving entity, or a sale of all or
substantially all of the assets or capital stock of the Company (collectively, a "Reorganization"), unless otherwise
provided by the Board, this Option shall terminate immediately prior to such date as is determined by the Board, which date shall
be no later than the consummation of such Reorganization. In such event, if the entity which shall be the surviving entity does
not tender to Optionee an offer, for which it has no obligation to do so, to substitute for any unexercised Option a stock option
or capital stock of such surviving of such surviving entity, as applicable, which on an equitable basis shall provide the Optionee
with substantially the same economic benefit as such unexercised Option, then the Board may grant to such Optionee, in its sole
and absolute discretion and without obligation, the right for a period commencing thirty (30) days prior to and ending immediately
prior to the date determined by the Board pursuant hereto for termination of the Option or during the remaining term of the Option,
whichever is the lesser, to exercise any unexpired Option or Options without regard to the installment provisions of Section 5;
provided, however, that such exercise shall be subject to the consummation of such Reorganization.


 


Subject to any required action by the shareholders of the Company,
if the Company shall be the surviving entity in any merger or consolidation, this Option thereafter shall pertain to and apply
to the securities to which a holder of Shares equal to the Shares subject to this Option would have been entitled by reason of
such merger or consolidation, and the installment provisions of Section 5 shall continue to apply.


 


In the event of a change in the shares of the Company as presently
constituted, which is limited to a change of all of its authorized Stock without par value into the same number of shares of Stock
with a par value, the shares resulting from any such change shall be deemed to be the Shares within the meaning of this Option.


 


To the extent that the foregoing adjustments relate to shares
or securities of the Company, such adjustments shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as hereinbefore expressly provided, Optionee shall have no rights by reason of any subdivision or
consolidation of shares of Stock of any class or the payment of any stock dividend or any other increase or decrease in the number
of shares of stock of any class, and the number and price of Shares subject to this Option shall not be affected by, and no adjustments
shall be made by reason of, any dissolution, liquidation, merger, consolidation or sale of assets or capital stock, or any issue
by the Company of shares of stock of any class or securities convertible into shares of stock of any class.


 


The grant of this Option shall not affect in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations or changes in its capital or business structure
or to merge, consolidate, dissolve or liquidate or to sell or transfer all or any part of its business or assets.


 


11.  Additional Consideration.  Should
the Internal Revenue Service determine that the Exercise Price established by the Board as the fair market value per Share is less
than the fair market value per Share as of the date of Option grant, Optionee hereby agrees to tender such additional consideration,
or agrees to tender upon exercise of all or a portion of this Option, such fair market value per Share as is determined by the
Internal Revenue Service.


 


12. Modifications, Extension and Renewal of Options.  The
Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent
not theretofore exercised) and authorize the granting of a new option in substitution therefor (to the extent not theretofore exercised),
subject at all times to the Plan, and Section 422 of the Code. Notwithstanding the foregoing provisions of this Section 12, no
modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.




    15 


     


    

  


13.  Investment Intent; Restrictions on Transfer.


 


(a) Optionee represents and agrees that if Optionee exercises
this Option in whole or in part, Optionee will in each case acquire the Shares upon such exercise for the purpose of investment
and not with a view to, or for resale in connection with, any distribution thereof; and that upon such exercise of this Option
in whole or in part, Optionee (or any person or persons entitled to exercise this Option under the provisions of Sections 7 and
8 hereof) shall furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. If
the Shares represented by this Option are registered under the Securities Act, either before or after the exercise of this Option
in whole or in part, the Optionee shall be relieved of the foregoing investment representation and agreement and shall not be required
to furnish the Company with the foregoing written statement.


 


(b) Optionee further represents that Optionee has had access
to the financial statements or books and records of the Company, has had the opportunity to ask questions of the Company concerning
its business, operations and financial condition, and to obtain additional information reasonably necessary to verify the accuracy
of such information.


 


(c) Unless and until the Shares represented by this Option are
registered under the Securities Act, all certificates representing the Shares and any certificates subsequently issued in substitution
therefor and any certificate for any securities issued pursuant to any stock split, share reclassification, stock dividend or other
similar capital event shall bear legends in substantially the following form:


 


THESE SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED
UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR SECURITIES LAWS OF ANY STATE. NEITHER THESE
SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF REGISTRATION UNDER
THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS THEREFROM.


 


THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED
PURSUANT TO THAT CERTAIN INCENTIVE STOCK OPTION AGREEMENT DATED ____________ BETWEEN THE COMPANY AND THE ISSUEE WHICH RESTRICTS
THE TRANSFER OF THESE SHARES WHICH ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN CONDITIONS.


 


such other legend or legends as the Company and its counsel
deem necessary or appropriate. Appropriate stop transfer instructions with respect to the Shares have been placed with the Company's
transfer agent.


 


14.  Effects of Early Disposition.  Optionee
understands that if an Optionee disposes of shares acquired hereunder within two (2) years after the date of this Option or within
one (1) year after the date of issuance of such shares to Optionee, such Optionee will be treated for income tax purposes as having
received ordinary income at the time of such disposition of an amount generally measured by the difference between the purchase
price and the fair market value of such stock on the date of exercise, subject to adjustment for any tax previously paid, in addition
to any tax on the difference between the sales price and Optionee's adjusted cost basis in such shares. The foregoing amount may
be measured differently if Optionee is an officer, director or ten percent holder of the Company. Optionee agrees to notify the
Company within ten (10) working days of any such disposition.


 


15.  Stand-off Agreement.  Optionee
agrees that in connection with any registration of the Company's securities under the Securities Act, and upon the request of the
Company or any underwriter managing an underwritten offering of the Company's securities, Optionee shall not sell, short any sale
of, loan, grant an option for, or otherwise dispose of any of the Shares (other than Shares included in the offering) without the
prior written consent of the Company or such managing underwriter, as applicable, for a period of at least one year following the
effective date of registration of such offering.


 


16.  Restriction upon Transfer.  The
Shares may not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated by the Optionee
except as hereinafter provided.




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(a) Repurchase Right on Termination Other Than for Cause.
For the purposes of this Section, a "Repurchase Event" shall mean an occurrence of one of (i) termination of Optionee's
employment by the Company, voluntary or


involuntary and with or without cause; (ii) retirement or death
of Optionee; (iii) bankruptcy of Optionee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary
petition in bankruptcy is filed with a court of competent jurisdiction; (iv) dissolution of the marriage of Optionee, to the extent
that any of the Shares are allocated as the sole and separate property of Optionee's spouse pursuant thereto (in which case this
Section shall only apply to the Shares so affected); or (v) any attempted transfer by the Optionee of Shares, or any interest therein,
in violation of this Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation)
to repurchase all or any portion of the Shares of Optionee at a price equal to the fair value of the Shares as of the date of the
Repurchase Event.


 


(b) Repurchase Right on Termination for Cause.  In
the event Optionee's employment is terminated by the Company "for cause", then the Company shall have the right
(but not an obligation) to repurchase Shares of Optionee at a price equal to the Exercise Price. Such right of the Company to repurchase
Shares shall apply to 100% of the Shares for one (1) year from the date of this Agreement; and shall thereafter lapse at the rate
of twenty percent (20%) of the Shares on each anniversary of the date of this Agreement. In addition, the Company shall have the
right, in the sole discretion of the Board and without obligation, to repurchase upon termination for cause all or any portion
of the Shares of Optionee, at a price equal to the fair value of the Shares as of the date of termination, which right is not subject
to the foregoing lapsing of rights. In the event the Company elects to repurchase the Shares, the stock certificates representing
the same shall forthwith be returned to the Company for cancellation.


 


(c)  Exercise of Repurchase Right.  Any
Repurchase Right under Paragraphs 16(a) or 16(b) shall be exercised by giving notice of exercise as provided herein to Optionee
or the estate of Optionee, as applicable. Such right shall be exercised, and the repurchase price thereunder shall be paid, by
the Company within a ninety (90) day period beginning on the date of notice to the Company of the occurrence of such Repurchase
Event (except in the case of termination of employment or retirement, where such option period shall begin upon the occurrence
of the Repurchase Event). Such repurchase price shall be payable only in the form of cash (including a check drafted on immediately
available funds) or cancellation of purchase money indebtedness of the Optionee for the Shares. If the Company can not purchase
all such Shares because it is unable to meet the financial tests set forth in Delaware and/or Delaware corporation law, the Company
shall have the right to purchase as many Shares as it is permitted to purchase under such sections. Any Shares not purchased by
the Company hereunder shall no longer be subject to the provisions of this Section 16.


 


(d)  Right of First Refusal.  In
the event Optionee desires to transfer any Shares during his or her lifetime, Optionee shall first offer to sell such Shares to
the Company. Optionee shall deliver to the Company written notice of the intended sale, such notice to specify the number of Shares
to be sold, the proposed purchase price and terms of payment, and grant the Company an option for a period of thirty days following
receipt of such notice to purchase the offered Shares upon the same terms and conditions. To exercise such option, the Company
shall give notice of that fact to Optionee within the thirty (30) day notice period and agree to pay the purchase price in the
manner provided in the notice. If the Company does not purchase all of the Shares so offered during foregoing option period, Optionee
shall be under no obligation to sell any of the offered Shares to the Company, but may dispose of such Shares in any lawful manner
during a period of one hundred and eighty (180) days following the end of such notice period, except that Optionee shall not sell
any such Shares to any other person at a lower price or upon more favorable terms than those offered to the Company.


 


(e)  Acceptance of Restrictions.  Acceptance
of the Shares shall constitute the Optionee's agreement to such restrictions and the legending of his certificates with respect
thereto. Notwithstanding such restrictions, however, so long as the Optionee is the holder of the Shares, or any portion thereof,
he shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with
respect thereto.


 


(f)  Permitted
Transfers.  Notwithstanding any provisions in this Section 16 to the contrary, the Optionee may transfer Shares
subject to this Agreement to his or her parents, spouse, children, or grandchildren, or a trust for the benefit of the
Optionee or any such transferee(s); provided, that such permitted transferee(s) shall hold the Shares subject to all the
provisions of this Agreement (all references to the Optionee herein shall in such cases refer mutatis mutandis to the
permitted transferee, except in the case of clause (iv) of Section 16(a) wherein the permitted transfer shall be deemed to be
rescinded); and provided further, that notwithstanding any other provisions in this Agreement, a permitted transferee may
not, in turn, make permitted transfers without the written consent of the Optionee and the Company.


 






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(g)  Release of Restrictions on Shares.  All
rights and restrictions under this Section 16 shall terminate ten (10) years following the date of this Agreement.


 


17.  Notices.  Any notice required
to be given pursuant to this Option or the Plan shall be in writing and shall be deemed to be delivered upon receipt or, in the
case of notices by the Company, five (5) days after deposit in the U.S. mail, postage prepaid, addressed to Optionee at the address
last provided to the Company by Optionee for his or her employee records.


 


18.  Agreement Subject to Plan; Applicable Law.  This
Option is made pursuant to the Plan and shall be interpreted to comply therewith. A copy of such Plan is available to Optionee,
at no charge, at the principal office of the Company. Any provision of this Option inconsistent with the Plan shall be considered
void and replaced with the applicable provision of the Plan. This Option has been granted, executed and delivered in the State
of Delaware, and the interpretation and enforcement shall be governed by the laws thereof and subject to the exclusive jurisdiction
of the courts therein.


 


[SIGNATURE PAGE TO FOLLOW]


  




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In Witness Whereof,
the parties hereto have executed this Option as of the date first above written.


 


	 	
        FULL SPECTRUM INC.,

        a Delaware corporation
	 
	COMPANY:	 	 	 
	 	By:	 	 
	 	 	Name: Stewart Kantor 	 
	 	 	Title:  Chief Executive Officer	 


 


	OPTIONEE:	 	 
	 	 	 	 
	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name:	 	 


 


(one of the following, as appropriate, shall be signed)


 


	
        I certify that as of the date hereof I am

        unmarried
	 	
        By his or her signature, the spouse of Optionee

        hereby agrees to be bound by the provisions of the

        foregoing INCENTIVE STOCK OPTION

        AGREEMENT

	 	 	 
	 	 	 
	Optionee	 	Spouse of Optionee


  




    19 


     


    

 


Appendix A


 


NOTICE OF EXERCISE


 


FULL SPECTRUM INC. 


 


Re: Incentive Stock Option


 


Notice is hereby given pursuant to Section 6 of my Incentive
Stock Option Agreement that I elect to purchase the number of shares set forth below at the exercise price set forth in my option
agreement:


 


Incentive Stock Option Agreement dated: ____________


 


Number of shares being purchased: ____________


 


Exercise Price: $____________


 


A check in the amount of the aggregate price of the shares being
purchased is attached.


 


I hereby confirm that such shares are being acquired by me for
my own account for investment purposes, and not with a view to, or for resale in connection with, any distribution thereof. I will
not sell or dispose of my Shares in violation of the Securities Act of 1933, as amended, or any applicable federal or state securities
laws. Further, I understand that the exemption from taxable income at the time of exercise is dependent upon my holding such stock
for a period of at least one year from the date of exercise and two years from the date of grant of the Option.


 


I agree to provide to the Company such additional documents
or information as may be required pursuant to the Company's 2016 Incentive Stock Plan.


 


	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name:     	 	 


  




    20 


     


    

  


EXHIBIT B-1


 


FULL SPECTRUM INC. 


EMPLOYEE NONSTATUTORY STOCK OPTION AGREEMENT


 
































































































 



 


This Employee Nonstatutory
Stock Option Agreement ("Agreement") is made and entered into as of the date set forth below, by and
between Full Spectrum Inc., a Delaware corporation (the "Company"), and the following employee of the Company
("Optionee"):


 


In consideration of the covenants herein set forth, the parties
hereto agree as follows:


 


1.  Option Information.


 


	 	(a)	Date of Option:	 	 


 


	 	(b)	Optionee:	 	 


 


	 	(c)	Number of Shares:	 	 


 


	 	(d)	Exercise Price:	 	 


 


2.  Acknowledgements.


 


(a) Optionee is an employee of the Company.


 


(b) The Board of Directors (the "Board" which
term shall include an authorized committee of the Board of Directors) and shareholders of the Company have heretofore adopted a
2016 Incentive Stock Plan (the "Plan"), pursuant to which this Option is being granted; and


 


(c) The Board has authorized the granting to Optionee of a nonstatutory
stock option ("Option") to purchase shares of common stock of the Company ("Stock") upon the
terms and conditions hereinafter stated and pursuant to an exemption from registration under the Securities Act of 1933, as amended
(the "Securities Act") provided by Section 4(2) thereunder.


 


3.  Shares; Price.  Company hereby
grants to Optionee the right to purchase, upon and subject to the terms and conditions herein stated, the number of shares of Stock
set forth in Section 1(c) above (the "Shares") for cash (or other consideration as is authorized under the Plan
and acceptable to the Board of Directors of the Company, in their sole and absolute discretion) at the price per Share set forth
in Section 1(d) above (the "Exercise Price"), such price being not less than eighty-five percent (85%) of the
fair market value per share of the Shares covered by this Option as of the date hereof.


 


4.  Term of Option; Continuation of Service.  This
Option shall expire, and all rights hereunder to purchase the Shares shall terminate, ___ (__) years from the date hereof. This
Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's employment
if such termination occurs prior to the end of such ___ (__) year period. Nothing contained herein shall confer upon Optionee the
right to the continuation of his or her employment by the Company or to interfere with the right of the Company to terminate such
employment or to increase or decrease the compensation of Optionee from the rate in existence at the date hereof




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5.  Vesting of Option.


 


Subject to the provisions of Sections 7 and 8 hereof, this Option
shall become vested and exercisable during the term of Optionee's employment in Six (6) equal annual installments of [___] percent
([__]%) of the Shares covered by this Option, the first installment to be exercisable on the first anniversary of the date of this
Option.


 


6.  Exercise.  This Option shall
be exercised as follows:


 


	 	(i) 	by delivery to the Company of (a) written notice of exercise stating the number of Shares being purchased (in whole shares only) and such other information set forth on the form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in the amount of the Exercise Price of the Shares covered by the notice (or such other consideration as has been approved by the Board of Directors consistent with the Plan) and (c) a written investment representation as provided for in Section 13 hereof, or


 


	 	(ii) 	through a special sale and remittance procedure pursuant to which the Optionee shall concurrently provide irrevocable written instructions (a) to a Company designated brokerage firm to effect the immediate sale of the purchased shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price payable for the purchased shares plus all applicable Federal, state and local income and employment taxes required to be withheld by the Company by reason of such purchase and (b) to the Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale transaction.


 


This Option shall not be assignable or transferable, except
by will or by the laws of descent and distribution, and shall be exercisable only by Optionee during his or her lifetime, except
as provided in Section 8 hereof.


 


7.  Termination of Employment.  If
Optionee shall cease to be employed by the Company for any reason, whether voluntarily or involuntarily, other than by his or her
death, Optionee (or if the Optionee shall die after such termination, but prior to such exercise date, Optionee's personal representative
or the person entitled to succeed to the Option) shall have the right at any time within three (3) months following such termination
of employment or the remaining term of this Option, whichever is the lesser, to exercise in whole or in part this Option to the
extent, but only to the extent, that this Option was exercisable as of the date of termination of employment and had not previously
been exercised; provided, however: (i) if Optionee is permanently disabled (within the meaning of Section 22(e)(3) of the Code)
at the time of termination, the foregoing three (3) month period shall be extended to six (6) months; or (ii) if Optionee is terminated
"for cause" as that term is defined under the Delaware Securities Rules and case law related thereto, or by the terms
of the Plan or this Option Agreement or by any employment agreement between the Optionee and the Company, this Option shall automatically
terminate as to all Shares covered by this Option not exercised prior to termination.


 


Unless earlier terminated, all rights under this Option shall
terminate in any event on the expiration date of this Option as defined in Section 4 hereof.


 


8.  Death of Optionee.  If the Optionee
shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder
may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever
is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised
this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent
that this Option has not previously been exercised by Optionee.


 


9.  No Rights as Shareholder.  Optionee
shall have no rights as a shareholder with respect to the Shares covered by any installment of this Option until the effective
date of issuance of the Shares following exercise of this Option, and no adjustment will be made for dividends or other rights
for which the record date is prior to the date such stock certificate or certificates are issued except as provided in Section
10 hereof.


 




    22 


     


    

  


10.  Recapitalization.  Subject to
any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof,
shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation
of shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt
of consideration by the Company; provided however that the conversion of any convertible securities of the Company shall not be
deemed having been "effected without receipt of consideration by the Company".


 


 In the event of a proposed dissolution
or liquidation of the Company, a merger or consolidation in which the Company is not the surviving entity, or a sale of all or
substantially all of the assets or capital stock of the Company (collectively, a "Reorganization"), unless otherwise
provided by the Board, this Option shall terminate immediately prior to such date as is determined by the Board, which date shall
be no later than the consummation of such Reorganization. In such event, if the entity which shall be the surviving entity does
not tender to Optionee an offer, for which it has no obligation to do so, to substitute for any unexercised Option a stock option
or capital stock of such surviving of such surviving entity, as applicable, which on an equitable basis shall provide the Optionee
with substantially the same economic benefit as such unexercised Option, then the Board may grant to such Optionee, in its sole
and absolute discretion and without obligation, the right for a period commencing thirty (30) days prior to and ending immediately
prior to the date determined by the Board pursuant hereto for termination of the Option or during the remaining term of the Option,
whichever is the lesser, to exercise any unexpired Option or Options without regard to the installment provisions of Section 5;
provided, however, that such exercise shall be subject to the consummation of such Reorganization.


 


Subject to any required action by the shareholders of the Company,
if the Company shall be the surviving entity in any merger or consolidation, this Option thereafter shall pertain to and apply
to the securities to which a holder of Shares equal to the Shares subject to this Option would have been entitled by reason of
such merger or consolidation, and the installment provisions of Section 5 shall continue to apply.


 


In the event of a change in the shares of the Company as presently
constituted, which is limited to a change of all of its authorized Stock without par value into the same number of shares of Stock
with a par value, the shares resulting from any such change shall be deemed to be the Shares within the meaning of this Option.


 


To the extent that the foregoing adjustments relate to shares
or securities of the Company, such adjustments shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as hereinbefore expressly provided, Optionee shall have no rights by reason of any subdivision or
consolidation of shares of Stock of any class or the payment of any stock dividend or any other increase or decrease in the number
of shares of stock of any class, and the number and price of Shares subject to this Option shall not be affected by, and no adjustments
shall be made by reason of, any dissolution, liquidation, merger, consolidation or sale of assets or capital stock, or any issue
by the Company of shares of stock of any class or securities convertible into shares of stock of any class.


 


The grant of this Option shall not affect in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations or changes in its capital or business structure
or to merge, consolidate, dissolve or liquidate or to sell or transfer all or any part of its business or assets.


 


11.  Taxation upon Exercise of Option.  Optionee
understands that, upon exercise of this Option, Optionee will recognize income, for Federal and state income tax purposes, in an
amount equal to the amount by which the fair market value of the Shares, determined as of the date of exercise, exceeds the Exercise
Price. The acceptance of the Shares by Optionee shall constitute an agreement by Optionee to report such income in accordance with
then applicable law and to cooperate with Company in establishing the amount of such income and corresponding deduction to the
Company for its income tax purposes. Withholding for federal or state income and employment tax purposes will be made, if and as
required by law, from Optionee's then current compensation, or, if such current compensation is insufficient to satisfy withholding
tax liability, the Company may require Optionee to make a cash payment to cover such liability as a condition of the exercise of
this Option.


 




    23 


     


    

 


12.  Modification, Extension and Renewal of Options.  The
Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent
not theretofore exercised) and authorize the granting of a new option in substitution therefor (to the extent not theretofore exercised),
subject at all times to the Plan, the Code and the Delaware Securities Rules. Notwithstanding the foregoing provisions of this
Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights
of Optionee hereunder.


 


13.  Investment Intent; Restrictions on Transfer.


 


(a)  Optionee represents and agrees that if Optionee
exercises this Option in whole or in part, Optionee will in each case acquire the Shares upon such exercise for the purpose of
investment and not with a view to, or for resale in connection with, any distribution thereof; and that upon such exercise of this
Option in whole or in part, Optionee (or any person or persons entitled to exercise this Option under the provisions of Sections
7 and 8 hereof) shall furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance.
If the Shares represented by this Option are registered under the Securities Act, either before or after the exercise of this Option
in whole or in part, the Optionee shall be relieved of the foregoing investment representation and agreement and shall not be required
to furnish the Company with the foregoing written statement.


 


(b)  Optionee further represents that Optionee has
had access to the financial statements or books and records of the Company, has had the opportunity to ask questions of the Company
concerning its business, operations and financial condition, and to obtain additional information reasonably necessary to verify
the accuracy of such information


 


(c)  Unless and until the Shares represented by this
Option are registered under the Securities Act, all certificates representing the Shares and any certificates subsequently issued
in substitution therefor and any certificate for any securities issued pursuant to any stock split, share reclassification, stock
dividend or other similar capital event shall bear legends in substantially the following form:


 


THESE SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED
UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR SECURITIES LAWS OF ANY STATE. NEITHER THESE
SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF REGISTRATION UNDER
THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS THEREFROM.


 


THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED
PURSUANT TO THAT CERTAIN NONSTATUTORY STOCK OPTION AGREEMENT DATED ____________ BETWEEN THE COMPANY AND THE ISSUEE WHICH RESTRICTS
THE TRANSFER OF THESE SHARES WHICH ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN CONDITIONS.


 


and/or such other legend or legends as the Company and its counsel
deem necessary or appropriate. Appropriate stop transfer instructions with respect to the Shares have been placed with the Company's
transfer agent.


 


14.  Stand-off Agreement.  Optionee
agrees that, in connection with any registration of the Company's securities under the Securities Act, and upon the request of
the Company or any underwriter managing an underwritten offering of the Company's securities, Optionee shall not sell, short any
sale of, loan, grant an option for, or otherwise dispose of any of the Shares (other than Shares included in the offering) without
the prior written consent of the Company or such managing underwriter, as applicable, for a period of at least one year following
the effective date of registration of such offering.


 


15.  Restriction Upon Transfer.  The
Shares may not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated by the Optionee
except as hereinafter provided.


 




    24 


     


    

 


(a) Repurchase Right on Termination Other Than for Cause. For
the purposes of this Section, a "Repurchase Event" shall mean an occurrence of one of (i) termination of Optionee's
employment by the Company, voluntary or involuntary and with or without cause; (ii) retirement or death of Optionee; (iii) bankruptcy
of Optionee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is
filed with a court of competent jurisdiction; (iv) dissolution of the marriage of Optionee, to the extent that any of the Shares
are allocated as the sole and separate property of Optionee's spouse pursuant thereto (in which case, this Section shall only apply
to the Shares so affected); or (v) any attempted transfer by the Optionee of Shares, or any interest therein, in violation of this
Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to repurchase all
or any portion of the Shares of Optionee at a price equal to the fair value of the Shares as of the date of the Repurchase Event.


 


(b) Repurchase Right on Termination for Cause. In the event
Optionee's employment is terminated by the Company "for cause", then the Company shall have the right (but not an obligation)
to repurchase Shares of Optionee at a price equal to the Exercise Price. Such right of the Company to repurchase Shares shall apply
to 100% of the Shares for one (1) year from the date of this Agreement; and shall thereafter lapse at the rate of twenty percent
(20%) of the Shares on each anniversary of the date of this Agreement. In addition, the Company shall have the right, in the sole
discretion of the Board and without obligation, to repurchase upon termination for cause all or any portion of the Shares of Optionee,
at a price equal to the fair value of the Shares as of the date of termination, which right is not subject to the foregoing lapsing
of rights. In the event the Company elects to repurchase the Shares, the stock certificates representing the same shall forthwith
be returned to the Company for cancellation.


 


(c) Exercise of Repurchase Right. Any Repurchase Right under
Paragraphs 15(a) or 15(b) shall be exercised by giving notice of exercise as provided herein to Optionee or the estate of Optionee,
as applicable. Such right shall be exercised, and the repurchase price thereunder shall be paid, by the Company within a ninety
(90) day period beginning on the date of notice to the Company of the occurrence of such Repurchase Event (except in the case of
termination of employment or retirement, where such option period shall begin upon the occurrence of the Repurchase Event). Such
repurchase price shall be payable only in the form of cash (including a check drafted on immediately available funds) or cancellation
of purchase money indebtedness of the Optionee for the Shares. If the Company can not purchase all such Shares because it is unable
to meet the financial tests set forth in Delaware and/or Delaware corporation law, the Company shall have the right to purchase
as many Shares as it is permitted to purchase under such sections. Any Shares not purchased by the Company hereunder shall no longer
be subject to the provisions of this Section 15.


 


(d) Right of First Refusal. In the event Optionee desires to
transfer any Shares during his or her lifetime, Optionee shall first offer to sell such Shares to the Company. Optionee shall deliver
to the Company written notice of the intended sale, such notice to specify the number of Shares to be sold, the proposed purchase
price and terms of payment, and grant the Company an option for a period of thirty days following receipt of such notice to purchase
the offered Shares upon the same terms and conditions. To exercise such option, the Company shall give notice of that fact to Optionee
within the thirty (30) day notice period and agree to pay the purchase price in the manner provided in the notice. If the Company
does not purchase all of the Shares so offered during foregoing option period, Optionee shall be under no obligation to sell any
of the offered Shares to the Company, but may dispose of such Shares in any lawful manner during a period of one hundred and eighty
(180) days following the end of such notice period, except that Optionee shall not sell any such Shares to any other person at
a lower price or upon more favorable terms than those offered to the Company.


 


(e) Acceptance of Restrictions. Acceptance of the Shares shall
constitute the Optionee's agreement to such restrictions and the legending of his certificates with respect thereto. Notwithstanding
such restrictions, however, so long as the Optionee is the holder of the Shares, or any portion thereof, he shall be entitled to
receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with respect thereto.


 


(f) Permitted Transfers. Notwithstanding any provisions in this
Section 15 to the contrary, the Optionee may transfer Shares subject to this Agreement to his or her parents, spouse, children,
or grandchildren, or a trust for the benefit of the Optionee or any such transferee(s); provided, that such permitted transferee(s)
shall hold the Shares subject to all the provisions of this Agreement (all references to the Optionee herein shall in such cases
refer mutatis mutandis to the permitted transferee, except in the case of clause (iv) of Section 15(a) wherein the permitted transfer
shall be deemed to be rescinded); and provided further, that notwithstanding any other provisions in this Agreement, a permitted
transferee may not, in turn, make permitted transfers without the written consent of the Optionee and the Company.


 




    25 


     


    

 


(g) Release of Restrictions on Shares. All other restrictions
under this Section 15 shall terminate ____ (___) years following the date of this Agreement.


 


16.  Notices.  Any notice required
to be given pursuant to this Option or the Plan shall be in writing and shall be deemed to be delivered upon receipt or, in the
case of notices by the Company, five (5) days after deposit in the U.S. mail, postage prepaid, addressed to Optionee at the address
last provided by Optionee for his or her employee records.


 


17.  Agreement Subject to Plan; Applicable Law.  This
Option is made pursuant to the Plan and shall be interpreted to comply therewith. A copy of such Plan is available to Optionee,
at no charge, at the principal office of the Company. Any provision of this Option inconsistent with the Plan shall be considered
void and replaced with the applicable provision of the Plan. This Option has been granted, executed and delivered in the State
of Delaware, and the interpretation and enforcement shall be governed by the laws thereof and subject to the exclusive jurisdiction
of the courts therein.


 


[SIGNATURE PAGE TO FOLLOW]


  




    26 


     


    

 


In Witness Whereof,
the parties hereto have executed this Option as of the date first above written.


 


	COMPANY:	
        full spectrum inc.
        

        a Delaware corporation
	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: Stewart Kantor 	 
	 	 	Title:   Chief Executive Officer	 


 


	OPTIONEE:	 	 
	 	 	 	 
	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name:	 	 


 


(one of the following, as appropriate, shall be signed)


 


	
        I certify that as of the date hereof I am

        unmarried
	 	
        By his or her signature, the spouse of Optionee

        hereby agrees to be bound by the provisions of the

        foregoing

        EMPLOYEE NONSTATUTORY STOCK OPTION

        AGREEMENT

	 	 	 
	 	 	 
	Optionee	 	Spouse of Optionee


  




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Appendix A


 


NOTICE OF EXERCISE


 


 


FULL SPECTRUM INC.


 


Re: Nonstatutory Stock Option


 


Notice is hereby given pursuant to Section 6 of my Nonstatutory
Stock Option Agreement that I elect to purchase the number of shares set forth below at the exercise price set forth in my option
agreement:


 


Nonstatutory Stock Option Agreement dated: ____________


 


Number of shares being purchased: ____________


 


Exercise Price: $____________


 


A check in the amount of the aggregate price of the shares being
purchased is attached.


 


I hereby confirm that such shares are being acquired by me for
my own account for investment purposes, and not with a view to, or for resale in connection with, any distribution thereof. I will
not sell or dispose of my Shares in violation of the Securities Act of 1933, as amended, or any applicable federal or state securities
laws.


 


I agree to provide to the Company such additional documents
or information as may be required pursuant to the Company's 2016 Incentive Stock Plan.


 


	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name:	 	 


 




    28 


     


    

 


EXHIBIT B-2


 


FULL SPECTRUM INC. 


NONSTATUTORY STOCK OPTION AGREEMENT


 













 






 


This Nonstatutory
Stock Option Agreement ("Agreement") is made and entered into as of the date set forth below, by and
between Full Spectrum Inc., a Delaware corporation (the "Company"), and the following Director of the Company
("Optionee"):


 


In consideration of the covenants herein set forth, the parties
hereto agree as follows:


 


1.  Option Information.


 


	 	(a)	Date of Option:	 	 


 


	 	(b)	Optionee:	 	 


 


	 	(c)	Number of Shares:	 	 


 


	 	(d)	Exercise Price:	 	 


 


2.  Acknowledgements.


 


(a)  Optionee is a member of the Board of Directors
of the Company.


 


(b)  The Board of Directors (the "Board"
which term shall include an authorized committee of the Board of Directors) and shareholders of the Company have heretofore adopted
a 2016 Incentive Stock Plan (the "Plan"), pursuant to which this Option is being granted; and


 


(c)  The Board has authorized the granting to Optionee
of a nonstatutory stock option ("Option") to purchase shares of common stock of the Company ("Stock")
upon the terms and conditions hereinafter stated and pursuant to an exemption from registration under the Securities Act of 1933,
as amended (the "Securities Act") provided by Section 4(2) thereunder.


 


3.  Shares; Price.  Company hereby
grants to Optionee the right to purchase, upon and subject to the terms and conditions herein stated, the number of shares of Stock
set forth in Section 1(c) above (the "Shares") for cash (or other consideration as is authorized under the Plan
and acceptable to the Board of Directors of the Company, in their sole and absolute discretion) at the price per Share set forth
in Section 1(d) above (the "Exercise Price").


 


4.  Term of Option; Continuation of Service.  This
Option shall expire, and all rights hereunder to purchase the Shares shall terminate, _____ (__) years from the date hereof. This
Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's employment
if such termination occurs prior to the end of such _____ (__) year period. Nothing contained herein shall confer upon Optionee
the right to the continuation of his or her employment by the Company or to interfere with the right of the Company to terminate
such employment or to increase or decrease the compensation of Optionee from the rate in existence at the date hereof.


 




    29 


     


    

 


5.  Vesting of Option.


 


Subject to the provisions of Sections 7 and 8 hereof, this Option
shall become vested and exercisable during the term of Optionee's employment in Six (6) equal annual installments of [    ]
percent([    ]%) of the Shares covered by this Option, the first installment to be exercisable on the first
anniversary of the date of this Option.


 


6.  Exercise.  This Option shall
be exercised as follows:


 


	 	(i) 	by delivery to the Company of (a) written notice of exercise stating the number of Shares being purchased (in whole shares only) and such other information set forth on the form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in the amount of the Exercise Price of the Shares covered by the notice (or such other consideration as has been approved by the Board of Directors consistent with the Plan) and (c) a written investment representation as provided for in Section 13 hereof, or


 


	 	(ii) 	through a special sale and remittance procedure pursuant to which the Optionee shall concurrently provide irrevocable written instructions (a) to a Company designated brokerage firm to effect the immediate sale of the purchased shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price payable for the purchased shares plus all applicable Federal, state and local income and employment taxes required to be withheld by the Company by reason of such purchase and (b) to the Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale transaction.


 


This Option shall not be assignable or transferable, except
by will or by the laws of descent and distribution, and shall be exercisable only by Optionee during his or her lifetime, except
as provided in Section 8 hereof.


 


7.  Termination of Service.  If Optionee
shall cease to serve as a Director of the Company for any reason, no further installments shall vest pursuant to Section 5, and
the maximum number of Shares that Optionee may purchase pursuant hereto shall be limited to the number of Shares that were vested
as of the date Optionee ceases to be a Director (to the nearest whole Share). Thereupon, Optionee shall have the right to exercise
this Option, at any time during the remaining term hereof, to the extent, but only to the extent, that this Option was exercisable
as of the date Optionee ceases to be a Director; provided, however, if Optionee is removed as a Director pursuant to the Delaware
corporation law, the foregoing right to exercise shall automatically terminate on the date Optionee ceases to be a Director as
to all Shares covered by this Option not exercised prior to termination. Unless earlier terminated, all rights under this Option
shall terminate in any event on the expiration date of this Option as defined in Section 4 hereof.


 


8.  Death of Optionee.  If the Optionee
shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder
may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever
is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised
this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent
that this Option has not previously been exercised by Optionee.


 


9.  No Rights as Shareholder.  Optionee
shall have no rights as a shareholder with respect to the Shares covered by any installment of this Option until the effective
date of issuance of the Shares following exercise of this Option, and no adjustment will be made for dividends or other rights
for which the record date is prior to the date such stock certificate or certificates are issued except as provided in Section
10 hereof.


 


10.  Recapitalization.  Subject to
any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof,
shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation
of shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt
of consideration by the Company; provided however that the conversion of any convertible securities of the Company shall not be
deemed having been "effected without receipt of consideration by the Company".




    30 


     


    

 


In the event of a proposed dissolution or liquidation of the
Company, a merger or consolidation in which the Company is not the surviving entity, or a sale of all or substantially all of the
assets or capital stock of the Company (collectively, a "Reorganization"), unless otherwise provided by the Board,
this Option shall terminate immediately prior to such date as is determined by the Board, which date shall be no later than the
consummation of such Reorganization. In such event, if the entity which shall be the surviving entity does not tender to Optionee
an offer, for which it has no obligation to do so, to substitute for any unexercised Option a stock option or capital stock of
such surviving of such surviving entity, as applicable, which on an equitable basis shall provide the Optionee with substantially
the same economic benefit as such unexercised Option, then the Board may grant to such Optionee, in its sole and absolute discretion
and without obligation, the right for a period commencing thirty (30) days prior to and ending immediately prior to the date determined
by the Board pursuant hereto for termination of the Option or during the remaining term of the Option, whichever is the lesser,
to exercise any unexpired Option or Options without regard to the installment provisions of Section 5; provided, however, that
such exercise shall be subject to the consummation of such Reorganization.


 


Subject to any required action by the shareholders of the Company,
if the Company shall be the surviving entity in any merger or consolidation, this Option thereafter shall pertain to and apply
to the securities to which a holder of Shares equal to the Shares subject to this Option would have been entitled by reason of
such merger or consolidation, and the installment provisions of Section 5 shall continue to apply.


 


In the event of a change in the shares of the Company as presently
constituted, which is limited to a change of all of its authorized Stock without par value into the same number of shares of Stock
with a par value, the shares resulting from any such change shall be deemed to be the Shares within the meaning of this Option.


 


To the extent that the foregoing adjustments relate to shares
or securities of the Company, such adjustments shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as hereinbefore expressly provided, Optionee shall have no rights by reason of any subdivision or
consolidation of shares of Stock of any class or the payment of any stock dividend or any other increase or decrease in the number
of shares of stock of any class, and the number and price of Shares subject to this Option shall not be affected by, and no adjustments
shall be made by reason of, any dissolution, liquidation, merger, consolidation or sale of assets or capital stock, or any issue
by the Company of shares of stock of any class or securities convertible into shares of stock of any class.


 


The grant of this Option shall not affect in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations or changes in its capital or business structure
or to merge, consolidate, dissolve or liquidate or to sell or transfer all or any part of its business or assets.


 


11.  Taxation upon Exercise of Option.  Optionee
understands that, upon exercise of this Option, Optionee will recognize income, for Federal and state income tax purposes, in an
amount equal to the amount by which the fair market value of the Shares, determined as of the date of exercise, exceeds the Exercise
Price. The acceptance of the Shares by Optionee shall constitute an agreement by Optionee to report such income in accordance with
then applicable law and to cooperate with Company in establishing the amount of such income and corresponding deduction to the
Company for its income tax purposes. Withholding for federal or state income and employment tax purposes will be made, if and as
required by law, from Optionee's then current compensation, or, if such current compensation is insufficient to satisfy withholding
tax liability, the Company may require Optionee to make a cash payment to cover such liability as a condition of the exercise of
this Option.


 


12.  Modification, Extension and Renewal of Options.  The
Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent
not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore
exercised), subject at all times to the Plan, the Code and the Delaware Securities Rules.  Notwithstanding the foregoing
provisions of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or
impair any rights of Optionee hereunder.




    31 


     


    

  


13.  Investment Intent; Restrictions on Transfer.


 


(a)  Optionee represents and agrees that if Optionee
exercises this Option in whole or in part, Optionee will in each case acquire the Shares upon such exercise for the purpose of
investment and not with a view to, or for resale in connection with, any distribution thereof; and that upon such exercise of this
Option in whole or in part, Optionee (or any person or persons entitled to exercise this Option under the provisions of Sections
7 and 8 hereof) shall furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance.
If the Shares represented by this Option are registered under the Securities Act, either before or after the exercise of this Option
in whole or in part, the Optionee shall be relieved of the foregoing investment representation and agreement and shall not be required
to furnish the Company with the foregoing written statement.


 


(b)  Optionee further represents that Optionee has
had access to the financial statements or books and records of the Company, has had the opportunity to ask questions of the Company
concerning its business, operations and financial condition, and to obtain additional information reasonably necessary to verify
the accuracy of such information


 


(c) Unless and until the Shares represented by this Option are
registered under the Securities Act, all certificates representing the Shares and any certificates subsequently issued in substitution
therefor and any certificate for any securities issued pursuant to any stock split, share reclassification, stock dividend or other
similar capital event shall bear legends in substantially the following form:


 


THESE SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED
UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR SECURITIES LAWS OF ANY STATE. NEITHER THESE
SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF REGISTRATION UNDER
THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS THEREFROM.


 


THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED
PURSUANT TO THAT CERTAIN NONSTATUTORY STOCK OPTION AGREEMENT DATED ____________ BETWEEN THE COMPANY AND THE ISSUEE WHICH RESTRICTS
THE TRANSFER OF THESE SHARES WHICH ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN CONDITIONS.


 


and/or such other legend or legends as the Company and its counsel
deem necessary or appropriate. Appropriate stop transfer instructions with respect to the Shares have been placed with the Company's
transfer agent.


 


14.  Stand-off Agreement.  Optionee
agrees that, in connection with any registration of the Company's securities under the Securities Act, and upon the request of
the Company or any underwriter managing an underwritten offering of the Company's securities, Optionee shall not sell, short any
sale of, loan, grant an option for, or otherwise dispose of any of the Shares (other than Shares included in the offering) without
the prior written consent of the Company or such managing underwriter, as applicable, for a period of at least one year following
the effective date of registration of such offering.


 


15.  Restriction Upon Transfer.  The
Shares may not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated by the Optionee
except as hereinafter provided.


 


(a)  Repurchase Right on Termination Other Than
by Removal.  For the purposes of this Section, a "Repurchase Event" shall mean an occurrence of
one of (i) termination of Optionee's service as a director; (ii) death of Optionee; (iii) bankruptcy of Optionee, which shall be
deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent
jurisdiction; (iv) dissolution of the marriage of Optionee, to the extent that any of the Shares are allocated as the sole and
separate property of Optionee's spouse pursuant thereto (in which case, this Section shall only apply to the Shares so affected);
or (v) any attempted transfer by the Optionee of Shares, or any interest therein, in violation of this Agreement. Upon the occurrence
of a Repurchase Event, and upon mutual agreement of the Company and Optionee, the Company may repurchase all or any portion of
the Shares of Optionee at a price equal to the fair value of the Shares as of the date of the Repurchase Event. 




    32 


     


    

 


(b)  Repurchase Right on
Removal.  In the event Optionee is removed as a director pursuant to the Delaware Securities Rules, or Optionee
voluntarily resigns as a director prior to the date upon which the last installment of Shares becomes exercisable pursuant to
Section 5, then the Company shall have the right (but not an obligation) to repurchase Shares of Optionee at a price equal to
the Exercise Price. Such right of the Company to repurchase Shares shall apply to 100% of the Shares for one (1) year from the
date of this Agreement; and shall thereafter lapse ratably in equal annual increments on each anniversary of the date of this
Agreement over the term of this Option specified in Section 4. In addition, the Company shall have the right, in the sole discretion
of the Board and without obligation, to repurchase upon removal or resignation all or any portion of the Shares of Optionee, at
a price equal to the fair value of the Shares as of the date of such removal or resignation, which right is not subject to the
foregoing lapsing of rights. In the event the Company elects to repurchase the Shares, the stock certificates representing the
same shall forthwith be returned to the Company for cancellation.


 


(c)  Exercise of Repurchase Right.  Any
Repurchase Right under Paragraphs 15(a) or 15(b) shall be exercised by giving notice of exercise as provided herein to Optionee
or the estate of Optionee, as applicable. Such right shall be exercised, and the repurchase price thereunder shall be paid, by
the Company within a ninety (90) day period beginning on the date of notice to the Company of the occurrence of such Repurchase
Event (except in the case of termination or cessation of services as director, where such option period shall begin upon the occurrence
of the Repurchase Event). Such repurchase price shall be payable only in the form of cash (including a check drafted on immediately
available funds) or cancellation of purchase money indebtedness of the Optionee for the Shares. If the Company can not purchase
all such Shares because it is unable to meet the financial tests set forth in the Delaware corporation law, the Company shall have
the right to purchase as many Shares as it is permitted to purchase under such sections. Any Shares not purchased by the Company
hereunder shall no longer be subject to the provisions of this Section 15.


 


(d)  Right of First Refusal. In the event Optionee
desires to transfer any Shares during his or her lifetime, Optionee shall first offer to sell such Shares to the Company. Optionee
shall deliver to the Company written notice of the intended sale, such notice to specify the number of Shares to be sold, the proposed
purchase price and terms of payment, and grant the Company an option for a period of thirty days following receipt of such notice
to purchase the offered Shares upon the same terms and conditions. To exercise such option, the Company shall give notice of that
fact to Optionee within the thirty (30) day notice period and agree to pay the purchase price in the manner provided in the notice.
If the Company does not purchase all of the Shares so offered during foregoing option period, Optionee shall be under no obligation
to sell any of the offered Shares to the Company, but may dispose of such Shares in any lawful manner during a period of one hundred
and eighty (180) days following the end of such notice period, except that Optionee shall not sell any such Shares to any other
person at a lower price or upon more favorable terms than those offered to the Company.


 


(e)  Acceptance of Restrictions. Acceptance of the
Shares shall constitute the Optionee's agreement to such restrictions and the legending of his certificates with respect thereto.
Notwithstanding such restrictions, however, so long as the Optionee is the holder of the Shares, or any portion thereof, he shall
be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with respect thereto.


 


(f)  Permitted Transfers. Notwithstanding any provisions
in this Section 15 to the contrary, the Optionee may transfer Shares subject to this Agreement to his or her parents, spouse, children,
or grandchildren, or a trust for the benefit of the Optionee or any such transferee(s); provided, that such permitted transferee(s)
shall hold the Shares subject to all the provisions of this Agreement (all references to the Optionee herein shall in such cases
refer mutatis mutandis to the permitted transferee, except in the case of clause (iv) of Section 15(a) wherein the permitted transfer
shall be deemed to be rescinded); and provided further, that notwithstanding any other provisions in this Agreement, a permitted
transferee may not, in turn, make permitted transfers without the written consent of the Optionee and the Company.




    33 


     


    

  


(g)  Release of Restrictions on Shares. All other
restrictions under this Section 15 shall terminate ____ (__) years following the date of this Agreement.


 


16.  Notices.  Any notice required
to be given pursuant to this Option or the Plan shall be in writing and shall be deemed to be delivered upon receipt or, in the
case of notices by the Company, five (5) days after deposit in the U.S. mail, postage prepaid, addressed to Optionee at the address
last provided by Optionee for use in Company records related to Optionee.


 


17.  Agreement Subject to Plan; Applicable Law.  This
Option is made pursuant to the Plan and shall be interpreted to comply therewith. A copy of such Plan is available to Optionee,
at no charge, at the principal office of the Company. Any provision of this Option inconsistent with the Plan shall be considered
void and replaced with the applicable provision of the Plan. This Option has been granted, executed and delivered in the State
of Delaware, and the interpretation and enforcement shall be governed by the laws thereof and subject to the exclusive jurisdiction
of the courts therein.


 


[SIGNATURE PAGE TO FOLLOW]


  




    34 


     


    

 


IN WITNESS WHEREOF, the parties hereto have executed
this Option as of the date first above written.


 


	COMPANY:	
        FULL SPECTRUM INC. 

        a Delaware corporation
	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: Stewart Kantor 	 
	 	 	Title:   Chief Executive Officer	 


 


	OPTIONEE:	 	 
	 	 	 	 
	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name: 	 	 


 


(one of the following, as appropriate, shall be signed)


 


	
        I certify that as of the date hereof I am

        unmarried
	 	
        By his or her signature, the spouse of Optionee

        hereby agrees to be bound by the provisions of the

        foregoing NONSTATUTORY STOCK OPTION

        AGREEMENT 

	 	 	 
	 	 	 
	Optionee	 	Spouse of Optionee


 




    35 


     


    

 


Appendix A


NOTICE OF EXERCISE


 


FULL SPECTRUM INC.


 


               Re:
Nonstatutory Stock Option


 


Notice is hereby given pursuant to Section 6 of my Nonstatutory
Stock Option Agreement that I elect to purchase the number of shares set forth below at the exercise price set forth in my option
agreement:


 


Nonstatutory Stock Option Agreement dated: ____________


 


Number of shares being purchased: ____________


 


Exercise Price: $____________


 


A check in the amount of the aggregate price of the shares being
purchased is attached.


 


I hereby confirm that such shares are being acquired by me for
my own account for investment purposes, and not with a view to, or for resale in connection with, any distribution thereof. I will
not sell or dispose of my Shares in violation of the Securities Act of 1933, as amended, or any applicable federal or state securities
laws.


 


I agree to provide to the Company such additional documents
or information as may be required pursuant to the Company's 2016 Incentive Stock Plan.


 


	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name: 	 	 


 




    36 


     


    

 


EXHIBIT B-3


 


FULL SPECTRUM FUL SPECTRUM INC. 


CONSULTANT NONSTATUTORY STOCK OPTION
AGREEMENT


 




















 



 


This Consultant Nonstatutory
Stock Option Agreement ("Agreement") is made and entered into as of the date set forth below, by and
between Full Spectrum Inc., a Delaware corporation (the "Company"), and the following consultant to the Company
(herein, the "Optionee"):


 


In consideration of the covenants herein set forth, the parties
hereto agree as follows:


 


1.  Option Information.


 


	 	(a)	Date of Option:	 	 


 


	 	(b)	Optionee:	 	 


 


	 	(c)	Number of Shares:	 	 


 


	 	(d)	Exercise Price:	 	 


 


2.  Acknowledgements.


 


	 	(a)  Optionee is an independent consultant to the Company, not an employee;


 


	 	(b)  The Board of Directors (the "Board" which term shall include an authorized committee of the Board of Directors) and shareholders of the Company have heretofore adopted a 2016 Incentive Stock Plan (the "Plan"), pursuant to which this Option is being granted; and


 


	 	(c)  The Board has authorized the granting to Optionee of a nonstatutory stock option ("Option") to purchase shares of common stock of the Company ("Stock") upon the terms and conditions hereinafter stated and pursuant to an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act") provided by Section 4(2) thereunder.


 


3.  Shares; Price.  The Company hereby
grants to Optionee the right to purchase, upon and subject to the terms and conditions herein stated, the number of shares of Stock
set forth in Section 1(c) above (the "Shares") for cash (or other consideration as is authorized under the Plan
and acceptable to the Board, in their sole and absolute discretion) at the price per Share set forth in Section 1(d) above (the
"Exercise Price").


 


4.  Term of Option.  This Option
shall expire, and all rights hereunder to purchase the Shares, shall terminate ____ (___) years from the date hereof. Nothing contained
herein shall be construed to interfere in any way with the right of the Company to terminate Optionee as a consultant to the Company,
or to increase or decrease the compensation paid to Optionee from the rate in effect as of the date hereof.


 




    37 


     


    

 


5.  Vesting of Option. Subject to the provisions of
Sections 7 and 8 hereof, this Option shall become exercisable during the term of Optionee's employment in ______ equal annual installments
of _______ percent of the Shares covered by this Option, the first installment to be exercisable on _______ anniversary of the
date of this Option (the "Initial Vesting Date"), with an additional _____ percent of such Shares becoming exercisable
on each of the


successive periods following the Initial Vesting Date. The installments
shall be cumulative (i.e., this option may be exercised, as to any or all Shares covered by an installment, at any time or times
after an installment becomes exercisable and until expiration or termination of this option).


 


6.  Exercise.  This Option shall
be exercised by delivery to the Company of (a) written notice of exercise stating the number of Shares being purchased (in whole
shares only) and such other information set forth on the form of Notice of Exercise attached hereto as Appendix A, (b) a
check or cash in the amount of the Exercise Price of the Shares covered by the notice (or such other consideration as has been
approved by the Board of Directors consistent with the Plan) and (c) a written investment representation as provided for in Section
13 hereof. This Option shall not be assignable or transferable, except by will or by the laws of descent and distribution, and
shall be exercisable only by Optionee during his or her lifetime.


 


7.  Termination of Service.  If Optionee's
service as a consultant to the Company terminates for any reason, no further installments shall vest pursuant to Section 5, and
Optionee shall have the right at any time within thirty (30) days following such termination of services or the remaining term
of this Option, whichever is the lesser, to exercise in whole or in part this Option to the extent, but only to the extent, that
this Option was exercisable as of the date Optionee ceased to be a consultant to the Company; provided, however, if Optionee is
terminated for reasons that would justify a termination of employment "for cause," as that term is defined by
the terms of the Plan or this Option Agreement or by any employment agreement between the Optionee and the Company, the foregoing
right to exercise shall automatically terminate on the date Optionee ceases to be a consultant to the Company as to all Shares
covered by this Option not exercised prior to termination. Unless earlier terminated, all rights under this Option shall terminate
in any event on the expiration date of this Option as defined in Section 4 hereof.


 


8.  Death of Optionee.  If the Optionee
shall die while serving as a consultant to the Company, Optionee's personal representative or the person entitled to Optionee's
rights hereunder may at any time within ninety (90) days after the date of Optionee's death, or during the remaining term of this
Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee
could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised
only to the extent that this Option has not previously been exercised by Optionee.


 


9.  No Rights as Shareholder.  Optionee
shall have no rights as a shareholder with respect to the Shares covered by any installment of this Option until the effective
date of the issuance of shares following exercise of this to Option, and no adjustment will be made for dividends or other rights
for which the record date is prior to the date such stock certificate or certificates are issued except as provided in Section
10 hereof.


 


10.  Recapitalization.  Subject to
any required action by the shareholders of the Company, the number of Shares covered by this Option, and the Exercise Price thereof,
shall be proportionately adjusted for any increase or decrease in the number of issued shares resulting from a subdivision or consolidation
of shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt
of consideration by the Company; provided however that the conversion of any convertible securities of the Company shall not be
deemed having been "effected without receipt of consideration by the Company."


 


In the event of a proposed dissolution or liquidation of the
Company, a merger or consolidation in which the Company is not the surviving entity, or a sale of all or substantially all of the
assets or capital stock of the Company (collectively, a "Reorganization"), this Option shall terminate immediately
prior to the consummation of such proposed action, unless otherwise provided by the Board; provided, however, if Optionee shall
be a consultant at the time such Reorganization is approved by the stockholders, Optionee shall have the right to exercise this
Option as to all or any part of the Shares, without regard to the installment provisions of Section 5, for a period beginning 30
days prior to the consummation of such Reorganization and ending as of the Reorganization or the expiration of this Option, whichever
is earlier, subject to the consummation of the Reorganization. In any event, the Company shall notify Optionee, at least 30 days
prior to the consummation of such Reorganization, of his exercise rights, if any, and that the Option shall terminate upon the
consummation of the Reorganization.


 




    38 


     


    

 


Subject to any required action by the shareholders of the Company,
if the Company shall be the surviving entity in any merger or consolidation, this Option thereafter shall pertain to and apply
to the securities to which a holder of Shares equal to the Shares subject to this Option would have been entitled by reason of
such merger or consolidation, and the installment provisions of Section 5 shall continue to apply.


 


In the event of a change in the shares of the Company as presently
constituted, which is limited to a change of all of its authorized Stock without par value into the same number of shares of Stock
with a par value, the shares resulting from any such change shall be deemed to be the Shares within the meaning of this Option.


 


To the extent that the foregoing adjustments relate to shares
or securities of the Company, such adjustments shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as hereinbefore expressly provided, Optionee shall have no rights by reason of any subdivision or
consolidation of shares of Stock of any class or the payment of any stock dividend or any other increase or decrease in the number
of shares of stock of any class, and the number and price of Shares subject to this Option shall not be affected by, and no adjustments
shall be made by reason of, any dissolution, liquidation, merger, consolidation or sale of assets or capital stock, or any issue
by the Company of shares of stock of any class or securities convertible into shares of stock of any class.


 


The grant of this Option shall not affect in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations or changes in its capital or business structure
or to merge, consolidate, dissolve or liquidate or to sell or transfer all or any part of its business or assets.


 


11.  Taxation upon Exercise of Option.  Optionee
understands that, upon exercise of this Option, Optionee will recognize income, for Federal and state income tax purposes, in an
amount equal to the amount by which the fair market value of the Shares, determined as of the date of exercise, exceeds the Exercise
Price. The acceptance of the Shares by Optionee shall constitute an agreement by Optionee to report such income in accordance with
then applicable law and to cooperate with Company in establishing the amount of such income and corresponding deduction to the
Company for its income tax purposes. Withholding for federal or state income and employment tax purposes will be made, if and as
required by law, from Optionee's then current compensation, or, if such current compensation is insufficient to satisfy withholding
tax liability, the Company may require Optionee to make a cash payment to cover such liability as a condition of the exercise of
this Option.


 


12.  Modification, Extension and Renewal of Options.  The
Board or Committee, as described in the Plan, may modify, extend or renew this Option or accept the surrender thereof (to the extent
not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore
exercised), subject at all times to the Plan, the Code. Notwithstanding the foregoing provisions of this Section 12, no modification
shall, without the consent of the Optionee, alter to the Optionee's detriment or impair any rights of Optionee hereunder.


 


13.  Investment Intent; Restrictions on Transfer.


 


	 	(a)  Optionee represents and agrees that if Optionee exercises this Option in whole or in part, Optionee will in each case acquire the Shares upon such exercise for the purpose of investment and not with a view to, or for resale in connection with, any distribution thereof; and that upon such exercise of this Option in whole or in part, Optionee (or any person or persons entitled to exercise this Option under the provisions of Sections 7 and 8 hereof) shall furnish to the Company a written statement to such effect, satisfactory to the Company in form and substance. If the Shares represented by this Option are registered under the Securities Act, either before or after the exercise of this Option in whole or in part, the Optionee shall be relieved of the foregoing investment representation and agreement and shall not be required to furnish the Company with the foregoing written statement.


 


	 	(b)  Optionee further represents that Optionee has had access to the financial statements or books and records of the Company, has had the opportunity to ask questions of the Company concerning its business, operations and financial condition, and to obtain additional information reasonably necessary to verify the accuracy of such information.


 






    39 


     


    

 


	 	(c)  Unless and until the Shares represented by this Option are registered under the Securities Act, all certificates representing the Shares and any certificates subsequently issued in substitution therefor and any certificate for any securities issued pursuant to any stock split, share reclassification, stock dividend or other similar capital event shall bear legends in substantially the following form:


 


	 	
        THESE SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED
        UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR SECURITIES LAWS OF ANY STATE. NEITHER THESE
        SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF REGISTRATION UNDER
        THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS THEREFROM.

         

        THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED
        PURSUANT TO THAT CERTAIN NONSTATUTORY STOCK OPTION AGREEMENT DATED ____________ BETWEEN THE COMPANY AND THE ISSUEE WHICH RESTRICTS
        THE TRANSFER OF THESE SHARES WHICH ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN CONDITIONS.



 


and/or such other legend or legends as the Company and its counsel
deem necessary or appropriate. Appropriate stop transfer instructions with respect to the Shares have been placed with the Company's
transfer agent.


 


14.  Stand-off Agreement.  Optionee
agrees that, in connection with any registration of the Company's securities under the Securities Act, and upon the request of
the Company or any underwriter managing an underwritten offering of the Company's securities, Optionee shall not sell, short any
sale of, loan, grant an option for, or otherwise dispose of any of the Shares (other than Shares included in the offering) without
the prior written consent of the Company or such managing underwriter, as applicable, for a period of up to one year following
the effective date of registration of such offering.


 


15.  Restriction Upon Transfer.  The
Shares may not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated by the Optionee
except as hereinafter provided.


 


	 	(a)  Repurchase Right on Termination Other Than for Cause.  For the purposes of this Section, a "Repurchase Event" shall mean an occurrence of one of (i) termination of Optionee's service as a consultant, voluntary or involuntary and with or without cause; (ii) retirement or death of Optionee; (iii) bankruptcy of Optionee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent jurisdiction; (iv) dissolution of the marriage of Optionee, to the extent that any of the Shares are allocated as the sole and separate property of Optionee's spouse pursuant thereto (in which case, this Section shall only apply to the Shares so affected); or (v) any attempted transfer by the Optionee of Shares, or any interest therein, in violation of this Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to repurchase all or any portion of the Shares of Optionee at a price equal to the fair value of the Shares as of the date of the Repurchase Event.


 


	 	(b)  Repurchase
    Right on Termination for Cause.  In the event Optionee's service as a consultant is terminated by the Company
    "for cause" (as contemplated by Section 7), then the Company shall have the right (but not an obligation) to
    repurchase Shares of Optionee at a price equal to the Exercise Price. Such right of the Company to repurchase Shares shall
    apply to 100% of the Shares for one (1) year from the date of this Agreement; and shall thereafter lapse ratably in equal
    annual increments on each anniversary of the date of this Agreement over the term of this Option specified in Section 4. In
    addition, the Company shall have the right, in the sole discretion of the Board and without obligation, to repurchase upon
    any such termination of service for cause all or any portion of the Shares of Optionee, at a price equal to the fair value of
    the Shares as of the date of termination, which right is not subject to the foregoing lapsing of rights. In the event the
    Company elects to repurchase the Shares, the stock certificates representing the same shall forthwith be returned to the
Company for cancellation.







    40 


     


    

  


	 	(c)  Exercise of Repurchase Right.  Any repurchase right under Paragraphs 15(a) or 15(b) shall be exercised by giving notice of exercise as provided herein to Optionee or the estate of Optionee, as applicable. Such right shall be exercised, and the repurchase price thereunder shall be paid, by the Company within a ninety (90) day period beginning on the date of notice to the Company of the occurrence of such Repurchase Event (except in the case of termination of employment or retirement, where such option period shall begin upon the occurrence of the Repurchase Event). Such repurchase price shall be payable only in the form of cash (including a check drafted on immediately available funds) or cancellation of purchase money indebtedness of the Optionee for the Shares. If the Company can not purchase all such Shares because it is unable to meet the financial tests set forth in Delaware and/or Delaware corporation law, the Company shall have the right to purchase as many Shares as it is permitted to purchase under such sections. Any Shares not purchased by the Company hereunder shall no longer be subject to the provisions of this Section 15.


 


	 	(d)  Right of First Refusal.  In the event Optionee desires to transfer any Shares during his or her lifetime, Optionee shall first offer to sell such Shares to the Company. Optionee shall deliver to the Company written notice of the intended sale, such notice to specify the number of Shares to be sold, the proposed purchase price and terms of payment, and grant the Company an option for a period of thirty days following receipt of such notice to purchase the offered Shares upon the same terms and conditions. To exercise such option, the Company shall give notice of that fact to Optionee within the thirty (30) day notice period and agree to pay the purchase price in the manner provided in the notice. If the Company does not purchase all of the Shares so offered during foregoing option period, Optionee shall be under no obligation to sell any of the offered Shares to the Company, but may dispose of such Shares in any lawful manner during a period of one hundred and eighty (180) days following the end of such notice period, except that Optionee shall not sell any such Shares to any other person at a lower price or upon more favorable terms than those offered to the Company.


 


	 	(e)  Acceptance of Restrictions.  Acceptance of the Shares shall constitute the Optionee's agreement to such restrictions and the legending of his certificates with respect thereto. Notwithstanding such restrictions, however, so long as the Optionee is the holder of the Shares, or any portion thereof, he shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with respect thereto.


 


	 	(f)  Permitted Transfers.  Notwithstanding any provisions in this Section 15 to the contrary, the Optionee may transfer Shares subject to this Agreement to his or her parents, spouse, children, or grandchildren, or a trust for the benefit of the Optionee or any such transferee(s); provided, that such permitted transferee(s) shall hold the Shares subject to all the provisions of this Agreement (all references to the Optionee herein shall in such cases refer mutatis mutandis to the permitted transferee, except in the case of clause (iv) of Section 15(a) wherein the permitted transfer shall be deemed to be rescinded); and provided further, that notwithstanding any other provisions in this Agreement, a permitted transferee may not, in turn, make permitted transfers without the written consent of the Optionee and the Company.


 


	 	(g)  Release of Restrictions on Shares.  All rights and restrictions under this Section 15 shall terminate ___(_) years following the date of this Agreement. 


 


16.  Notices.  Any notice required
to be given pursuant to this Option or the Plan shall be in writing and shall be deemed to be delivered upon receipt or, in the
case of notices by the Company, five (5) days after deposit in the U.S. mail, postage prepaid, addressed to Optionee at the address
last provided by Optionee for use in Company records related to Optionee.


 




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17.  Agreement Subject to Plan; Applicable
Law.  This Option is made pursuant to the Plan and shall be interpreted to comply therewith. A copy of such
Plan is available to Optionee, at no charge, at the principal office of the Company. Any provision of this Option
inconsistent with the Plan shall be considered void and replaced with the applicable provision of the Plan. This Option has
been granted, executed and delivered in the State of Delaware, and the interpretation and enforcement shall be governed by
the laws thereof and subject to the exclusive jurisdiction of the courts therein.


 


[SIGNATURE PAGE TO FOLLOW]


  




    42 


     


    

  


In Witness Whereof,
the parties hereto have executed this Option as of the date first above written.


 


	COMPANY:	
        full spectrum inc., 

        a Delaware corporation
	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: Stewart Kantor  	 
	 	 	Title:   Chief Executive Officer	 


 


	OPTIONEE:	 	 
	 	 	 	 
	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name: 	 	 


 


(one of the following, as appropriate,
shall be signed)


 


	
        I certify that as of the date hereof I am

        unmarried
	 	
        By his or her signature, the spouse of Optionee

        hereby agrees to be bound by the provisions of the

        foregoing CONSULTANT NONSTATUTORY

        STOCK OPTIONAGREEMENT

	 	 	 
	 	 	 
	Optionee	 	Spouse of Optionee


 




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Appendix A


 


NOTICE OF EXERCISE


 


FULL SPECTRUM INC.


 


Re:  Nonstatutory Stock Option


 


Notice is hereby given pursuant to Section 6 of my Nonstatutory
Stock Option Agreement that I elect to purchase the number of shares set forth below at the exercise price set forth in my option
agreement:


 


Nonstatutory Stock Option Agreement dated: ____________


 


Number of shares being purchased: ____________


 


Exercise Price: $____________


 


A check in the amount of the aggregate price of the shares being
purchased is attached.


 


I hereby confirm that such shares are being acquired by me for
my own account for investment purposes, and not with a view to, or for resale in connection with, any distribution thereof. I will
not sell or dispose of my Shares in violation of the Securities Act of 1933, as amended, or any applicable federal or state securities
laws.


 


I agree to provide to the Company such additional documents
or information as may be required pursuant to the Company’s 2016 Incentive Stock Plan.


 


	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name: 	 	 


 




    44 


     


    

  


EXHIBIT C


 


FULL SPECTURM INC. 


STOCK AWARD AGREEMENT


 

































 



 


This Stock Award Agreement
("Agreement") is made and entered into as of the date set forth below, by and between Full Spectrum
Inc., a Delaware corporation (the "Company"), and the employee, director or consultant of the Company named in
Section 1(b). ("Grantee"):


 


In consideration of the covenants herein set forth, the parties
hereto agree as follows:


 


1.  Stock Award Information.


 


	 	(a)	Date of Award:	 	 


 


	 	(b)	Grantee:	 	 


 


	 	(c)	Number of Shares:	 	 


 


	 	(d)	Original Value:	 	 


 


	2.  	Acknowledgements.


 


	 	(a)	Grantee is an employee/director/consultant of the Company.


 


	 	(b)	The Company has adopted a 2016 Incentive Stock Plan (the "Plan") under which the Company's common stock ("Stock") may be offered to directors, officers, employees and consultants pursuant to an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act") provided by Section 4(2) thereunder.


 


3.  Shares; Value.  The Company hereby
grants to Grantee, upon and subject to the terms and conditions herein stated, the number of shares of Stock set forth in Section
1(c) (the "Shares"), which Shares have a fair value per share ("Original Value") equal to the
amount set forth in Section 1(d). For the purpose of this Agreement, the terms "Share" or "Shares"
shall include the original Shares plus any shares derived therefrom, regardless of the fact that the number, attributes or par
value of such Shares may have been altered by reason of any recapitalization, subdivision, consolidation, stock dividend or amendment
of the corporate charter of the Company. The number of Shares covered by this Agreement and the Original Value thereof shall be
proportionately adjusted for any increase or decrease in the number of issued shares resulting from a recapitalization, subdivision
or consolidation of shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected
without receipt of consideration by the Company.


 


4.  Investment Intent.  Grantee represents
and agrees that Grantee is accepting the Shares for the purpose of investment and not with a view to, or for resale in connection
with, any distribution thereof; and that, if requested, Grantee shall furnish to the Company a written statement to such effect,
satisfactory to the Company in form and substance. If the Shares are registered under the Securities Act, Grantee shall be relieved
of the foregoing investment representation and agreement and shall not be required to furnish the Company with the foregoing written
statement.




    45 


     


    

 


5.  Restriction upon Transfer.  The
Shares may not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated by the Grantee
except as hereinafter provided.


 


	 	(a)  Repurchase Right on Termination Other Than for Cause.  For the purposes of this Section, a "Repurchase Event" shall mean an occurrence of one of (i) termination of Grantee's employment or service as a director/consultant by the Company, voluntary or involuntary and with or without cause; (ii) retirement or death of Grantee; (iii) bankruptcy of Grantee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent jurisdiction; (iv) dissolution of the marriage of Grantee, to the extent that any of the Shares are allocated as the sole and separate property of Grantee's spouse pursuant thereto (in which case, this Section shall only apply to the Shares so affected); or (v) any attempted transfer by the Grantee of Shares, or any interest therein, in violation of this Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to purchase all or any portion of the Shares of Grantee, at a price equal to the fair value of the Shares as of the date of the Repurchase Event.


 


	 	(b)  Repurchase Right on Termination for Cause. In the event Grantee's employment or service as a director/consultant is terminated by the Company "for cause" (as defined below), then the Company shall have the right (but not an obligation) to purchase Shares of Grantee at a price equal to the Original Value. Such right of the Company to purchase Shares shall apply to 100% of the Shares for one (1) year from the date of this Agreement; and shall thereafter lapse at the rate of twenty percent (20%) of the Shares on each anniversary of the date of this Agreement. In addition, the Company shall have the right, in the sole discretion of the Board and without obligation, to repurchase upon termination for cause all or any portion of the Shares of Grantee, at a price equal to the fair value of the Shares as of the date of termination, which right is not subject to the foregoing lapsing of rights. Termination of employment or service as a director/consultant "for cause" means (i) as to employees or consultants, termination for cause as defined in the Plan, this Agreement or in any employment or consulting agreement between the Company and Grantee, or (ii) as to directors, removal pursuant to the Delaware corporation law. In the event the Company elects to purchase the Shares, the stock certificates representing the same shall forthwith be returned to the Company for cancellation.


 


	 	(c)  Exercise of Repurchase Right.  Any Repurchase Right under Paragraphs 4(a) or 4(b) shall be exercised by giving notice of exercise as provided herein to Grantee or the estate of Grantee, as applicable. Such right shall be exercised, and the repurchase price thereunder shall be paid, by the Company within a ninety (90) day period beginning on the date of notice to the Company of the occurrence of such Repurchase Event (except in the case of termination or cessation of services as director, where such option period shall begin upon the occurrence of the Repurchase Event). Such repurchase price shall be payable only in the form of cash (including a check drafted on immediately available funds) or cancellation of purchase money indebtedness of the Grantee for the Shares. If the Company can not purchase all such Shares because it is unable to meet the financial tests set forth in the Delaware corporation law, the Company shall have the right to purchase as many Shares as it is permitted to purchase under such sections. Any Shares not purchased by the Company hereunder shall no longer be subject to the provisions of this Section 5.


 


	 	(d)  Right of First Refusal.  In the event Grantee desires to transfer any Shares during his or her lifetime, Grantee shall first offer to sell such Shares to the Company. Grantee shall deliver to the Company written notice of the intended sale, such notice to specify the number of Shares to be sold, the proposed purchase price and terms of payment, and grant the Company an option for a period of thirty days following receipt of such notice to purchase the offered Shares upon the same terms and conditions. To exercise such option, the Company shall give notice of that fact to Grantee within the thirty (30) day notice period and agree to pay the purchase price in the manner provided in the notice. If the Company does not purchase all of the Shares so offered during foregoing option period, Grantee shall be under no obligation to sell any of the offered Shares to the Company, but may dispose of such Shares in any lawful manner during a period of one hundred and eighty (180) days following the end of such notice period, except that Grantee shall not sell any such Shares to any other person at a lower price or upon more favorable terms than those offered to the Company.


 




    46 


     


    

  


	 	(e)  Acceptance of Restrictions.  Acceptance of the Shares shall constitute the Grantee's agreement to such restrictions and the legending of his certificates with respect thereto. Notwithstanding such restrictions, however, so long as the Grantee is the holder of the Shares, or any portion thereof, he shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with respect thereto.


  


	 	(f)  Permitted Transfers.  Notwithstanding any provisions in this Section 5 to the contrary, the Grantee may transfer Shares subject to this Agreement to his or her parents, spouse, children, or grandchildren, or a trust for the benefit of the Grantee or any such transferee(s); provided, that such permitted transferee(s) shall hold the Shares subject to all the provisions of this Agreement (all references to the Grantee herein shall in such cases refer mutatis mutandis to the permitted transferee, except in the case of clause (iv) of Section 5(a) wherein the permitted transfer shall be deemed to be rescinded); and provided further, that notwithstanding any other provisions in this Agreement, a permitted transferee may not, in turn, make permitted transfers without the written consent of the Grantee and the Company.


 


 (g)  Release of Restrictions
on Shares.  All rights and restrictions under this Section 5 shall terminate [__] (___) years following the date
of this Agreement.


 


6.  Representations and Warranties of the Grantee.  This
Agreement and the issuance and grant of the Shares hereunder is made by the Company in reliance upon the express representations
and warranties of the Grantee, which by acceptance hereof the Grantee confirms that:


 


	 	(a)  The Shares granted to him pursuant to this Agreement are being acquired by him for his own account, for investment purposes, and not with a view to, or for sale in connection with, any distribution of the Shares.


 


	 	(b)  The Shares must be held by him indefinitely unless they are subsequently registered under the Act and any applicable state securities laws, or an exemption from such registration is available. The Company is under no obligation to register the Shares or to make available any such exemption; and


 


	 	(c)  Grantee further represents that Grantee has had access to the financial statements or books and records of the Company, has had the opportunity to ask questions of the Company concerning its business, operations and financial condition and to obtain additional information reasonably necessary to verify the accuracy of such information,


 


	 	(d)  Unless and until the Shares represented by this Grant are registered under the Securities Act, all certificates representing the Shares and any certificates subsequently issued in substitution therefor and any certificate for any securities issued pursuant to any stock split, share reclassification, stock dividend or other similar capital event shall bear legends in substantially the following form:


 


	 	THESE SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS THEREFROM.


 


	 	THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO THAT CERTAIN STOCK AWARD AGREEMENT DATED ____________ BETWEEN THE COMPANY AND THE ISSUEE WHICH RESTRICTS THE TRANSFER OF THESE SHARES WHICH ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN CONDITIONS.


 


	 	and/or such other legend or legends as the Company and its counsel deem necessary or appropriate. Appropriate stop transfer instructions with respect to the Shares have been placed with the Company's transfer agent.


 






    47 


     


    

 


	 	(e)  Grantee understands that he or she will recognize income, for Federal and state income tax purposes, in an amount equal to the amount by which the fair market value of the Shares, as of the date of grant, exceeds the price paid by Grantee, if any. The acceptance of the Shares by Grantee shall constitute an agreement by Grantee to report such income in accordance with then applicable law. Withholding for federal or state income and employment tax purposes will be made, if and as required by law, from Grantee's then current compensation, or, if such current compensation is insufficient to satisfy withholding tax liability, the Company may require Grantee to make a cash payment to cover such liability.


 


7.  Stand-off Agreement.  Grantee
agrees that, in connection with any registration of the Company's securities under the Securities Act, and upon the request of
the Company or any underwriter managing an underwritten offering of the Company's securities, Grantee shall not sell, short any
sale of, loan, grant an option for, or otherwise dispose of any of the Shares (other than Shares included in the offering) without
the prior written consent of the Company or such managing underwriter, as applicable, for a period of at least one year following
the effective date of registration of such offering. This Section 7 shall survive any termination of this Agreement.


 


8.  Termination of Agreement.  This
Agreement shall terminate on the occurrence of any one of the following events: (a) written agreement of all parties to that effect;
(b) a proposed dissolution or liquidation of the Company, a merger or consolidation in which the Company is not the surviving entity,
or a sale of all or substantially all of the assets of the Company; (c) the closing of any public offering of common stock of the
Company pursuant to an effective registration statement under the Securities Act; or (d) dissolution, bankruptcy, or insolvency
of the Company.


 


9.  Agreement Subject to Plan; Applicable Law.  This
Grant is made pursuant to the Plan and shall be interpreted to comply therewith. A copy of such Plan is available to Grantee, at
no charge, at the principal office of the Company. Any provision of this Agreement inconsistent with the Plan shall be considered
void and replaced with the applicable provision of the Plan. This Grant shall be governed by the laws of the State of Delaware
and subject to the exclusive jurisdiction of the courts therein.


 


10.  Miscellaneous.


 


	 	(a)  Notices.  Any notice required to be given pursuant to this Agreement or the Plan shall be in writing and shall be deemed to have been duly delivered upon receipt or, in the case of notices by the Company, five (5) days after deposit in the U.S. mail, postage prepaid, addressed to Grantee at the last address provided by Grantee for use in the Company's records.


 


	 	(b)  Entire Agreement.  This instrument constitutes the sole agreement of the parties hereto with respect to the Shares. Any prior agreements, promises or representations concerning the Shares not included or reference herein shall be of no force or effect. This Agreement shall be binding on, and shall inure to the benefit of, the Parties hereto and their respective transferees, heirs, legal representatives, successors, and assigns.


 


	 	(c)  Enforcement.  This Agreement shall be construed in accordance with, and governed by, the laws of the State of Delaware and subject to the exclusive jurisdiction of the courts located in the State of Delaware. If Grantee attempts to transfer any of the Shares subject to this Agreement, or any interest in them in violation of the terms of this Agreement, the Company may apply to any court for an injunctive order prohibiting such proposed transaction, and the Company may institute and maintain proceedings against Grantee to compel specific performance of this Agreement without the necessity of proving the existence or extent of any damages to the Company. Any such attempted transaction shares in violation of this Agreement shall be null and void.


 


	 	(d)  Validity of Agreement.  The provisions of this Agreement may be waived, altered, amended, or repealed, in whole or in part, only on the written consent of all parties hereto. It is intended that each Section of this Agreement shall be viewed as separate and divisible, and in the event that any Section shall be held to be invalid, the remaining Sections shall continue to be in full force and effect.


 


[SIGNATURE PAGE
TO FOLLOW]


 




    48 


     


    

  


In Witness Whereof,
the parties have executed this Agreement as of the date first above written.


 


	COMPANY:	
        full spectrum inc.,
        

        a Delaware corporation
	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: Stewart Kantor  	 
	 	 	Title:   Chief Executive Officer	 


 


	GRANTEE:	 	 
	 	 	 	 
	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name: 	 	 


 


(one of the following, as appropriate, shall be signed)


 


	
        I certify that as of the date hereof I am

        unmarried
	 	
        By his or her signature, the spouse of Grantee hereby

        agrees to be bound by the provisions of the foregoing

        STOCK AWARD AGREEMENT

	 	 	 
	 	 	 
	Grantee	 	Spouse of Grantee


 




    49 


     


    

  


EXHIBIT D


 


FULL SPECTRUM INC. 


RESTRICTED STOCK PURCHASE AGREEMENT









































 



 


This Restricted Stock
Purchase Agreement ("Agreement") is made and entered into as of the date set forth below, by and between
Full Spectrum Inc., a Delaware corporation (the "Company"), and the employee, director or consultant of the Company
named in Section 1(b). ("Grantee"):


 


In consideration of the covenants herein set forth, the parties
hereto agree as follows:


 


1.  Stock Purchase Information.


 


	 	(a)	
        Date of

        Agreement:
	 	 


 


	 	(b)	Grantee:	 	 


 


	 	(c)	
        Number of

        Shares:
	 	 


 


	 	(d)	
        Purchase

        Price:
	 	 


 


2.  Acknowledgements.


 


	 	(a)  Grantee is an employee/director/consultant of the Company.


 


	 	(b)  The Company has adopted a 2016 Incentive Stock Plan (the "Plan") under which the Company's common stock ("Stock") may be offered to officers, employees, directors and consultants pursuant to an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act") provided by Section 4(2) thereunder.
	 	 





	 	(c)  The Grantee desires to purchase shares of the Company's common stock on the terms and conditions set forth herein.


 


3.  Purchase of Shares. The Company hereby
agrees to sell and Grantee hereby agrees to purchase, upon and subject to the terms and conditions herein stated, the number of
shares of Stock set forth in Section 1(c) (the "Shares"), at the price per Share set forth in Section 1(d) (the
"Price"). For the purpose of this Agreement, the terms "Share" or "Shares" shall
include the original Shares plus any shares derived therefrom, regardless of the fact that the number, attributes or par value
of such Shares may have been altered by reason of any recapitalization, subdivision, consolidation, stock dividend or amendment
of the corporate charter of the Company.  The number of Shares covered by this Agreement shall be proportionately adjusted
for any increase or decrease in the number of issued shares resulting from a recapitalization, subdivision or consolidation of
shares or the payment of a stock dividend, or any other increase or decrease in the number of such shares effected without receipt
of consideration by the Company.




    50 


     


    

 


4.  Investment Intent. Grantee represents and
agrees that Grantee is accepting the Shares for the purpose of investment and not with a view to, or for resale in connection with,
any distribution thereof; and that, if requested, Grantee shall furnish to the Company a written statement to such effect, satisfactory
to the Company in form and substance. If the Shares are registered under the Securities Act, Grantee shall be relieved of the foregoing
investment representation and agreement and shall not be required to furnish the Company with the foregoing written statement.


 


5.  Restriction upon Transfer.  The
Shares may not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated by the Grantee
except as hereinafter provided.


 


	 	(a)  Repurchase Right on Termination Other Than for Cause. For the purposes of this Section, a "Repurchase Event" shall mean an occurrence of one of (i) termination of Grantee's employment or service as a director/consultant by the Company, voluntary or involuntary and with or without cause; (ii) retirement or death of Grantee; (iii) bankruptcy of Grantee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent jurisdiction; (iv) dissolution of the marriage of Grantee, to the extent that any of the Shares are allocated as the sole and separate property of Grantee's spouse pursuant thereto (in which case, this Section shall only apply to the Shares so affected); or (v) any attempted transfer by the Grantee of Shares, or any interest therein, in violation of this Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to repurchase all or any portion of the Shares of Grantee at a price equal to the fair value of the Shares as of the date of the Repurchase Event.


 


	 	(b) Repurchase Right on Termination for Cause. In the event Grantee's employment or service as a director/consultant is terminated by the Company "for cause" (as defined below), then the Company shall have the right (but not an obligation) to repurchase Shares of Grantee at a price equal to the Price. Such right of the Company to repurchase Shares shall apply to 100% of the Shares for one (1) year from the date of this Agreement; and shall thereafter lapse at the rate of twenty percent (20%) of the Shares on each anniversary of the date of this Agreement. In addition, the Company shall have the right, in the sole discretion of the Board and without obligation, to repurchase upon termination for cause all or any portion of the Shares of Grantee, at a price equal to the fair value of the Shares as of the date of termination, which right is not subject to the foregoing lapsing of rights. Termination of employment or service as a director/consultant "for cause" means (i) as to employees and consultants, termination for cause as defined in the Plan, this Agreement or in any employment or consulting agreement between the Company and Grantee, or (ii) as to directors, removal pursuant to the Delaware corporation law.  In the event the Company elects to repurchase the Shares, the stock certificates representing the same shall forthwith be returned to the Company for cancellation.


 


	 	(c) Exercise of Repurchase Right.  Any Repurchase Right under Paragraphs 4(a) or 4(b) shall be exercised by giving notice of exercise as provided herein to Grantee or the estate of Grantee, as applicable. Such right shall be exercised, and the repurchase price thereunder shall be paid, by the Company within a ninety (90) day period beginning on the date of notice to the Company of the occurrence of such Repurchase Event (except in the case of termination of employment or retirement, where such option period shall begin upon the occurrence of the Repurchase Event). Such repurchase price shall be payable only in the form of cash (including a check drafted on immediately available funds) or cancellation of purchase money indebtedness of the Grantee for the Shares. If the Company can not purchase all such Shares because it is unable to meet the financial tests set forth in the Delaware corporation law, the Company shall have the right to purchase as many Shares as it is permitted to purchase under such sections. Any Shares not purchased by the Company hereunder shall no longer be subject to the provisions of this Section 5.


 


	 	(d)  Right of First Refusal. In the event Grantee desires to transfer any Shares during his or her lifetime, Grantee shall first offer to sell such Shares to the Company. Grantee shall deliver to the Company written notice of the intended sale, such notice to specify the number of Shares to be sold, the proposed purchase price and terms of payment, and grant the Company an option for a period of thirty days following receipt of such notice to purchase the offered Shares upon the same terms and conditions. To exercise such option, the Company shall give notice of that fact to Grantee within the thirty (30) day notice period and agree to pay the purchase price in the manner provided in the notice. If the Company does not purchase all of the Shares so offered during foregoing option period, Grantee shall be under no obligation to sell any of the offered Shares to the Company, but may dispose of such Shares in any lawful manner during a period of one hundred and eighty (180) days following the end of such notice period, except that Grantee shall not sell any such Shares to any other person at a lower price or upon more favorable terms than those offered to the Company.


 






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	 	(e)  Acceptance of Restrictions. Acceptance of the Shares shall constitute the Grantee's agreement to such restrictions and the legending of his certificates with respect thereto. Notwithstanding such restrictions, however, so long as the Grantee is the holder of the Shares, or any portion thereof, he shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a shareholder with respect thereto.


 


	 	(f)  Permitted Transfers. Notwithstanding any provisions in this Section 5 to the contrary, the Grantee may transfer Shares subject to this Agreement to his or her parents, spouse, children, or grandchildren, or a trust for the benefit of the Grantee or any such transferee(s); provided, that such permitted transferee(s) shall hold the Shares subject to all the provisions of this Agreement (all references to the Grantee herein shall in such cases refer mutatis mutandis to the permitted transferee, except in the case of clause (iv) of Section 5(a) wherein the permitted transfer shall be deemed to be rescinded); and provided further, that notwithstanding any other provisions in this Agreement, a permitted transferee may not, in turn, make permitted transfers without the written consent of the Grantee and the Company.


 


	 	(g)  Release of Restrictions on Shares. All rights and restrictions under this Section 5 shall terminate ___ (_) years following the date upon which the Company receives the full Price as set forth in Section 3.


 


5.  Representations and Warranties of the Grantee.
This Agreement and the issuance and grant of the Shares hereunder is made by the Company in reliance upon the express representations
and warranties of the Grantee, which by acceptance hereof the Grantee confirms that:


 


	 	(a)  The Shares granted to him pursuant to this Agreement are being acquired by him for his own account, for investment purposes, and not with a view to, or for sale in connection with, any distribution of the Shares. It is understood that the Shares have not been registered under the Act by reason of a specific exemption from the registration provisions of the Act which depends, among other things, upon the bona fide nature of his representations as expressed herein;


 


	 	(b)  The Shares must be held by him indefinitely unless they are subsequently registered under the Act and any applicable state securities laws, or an exemption from such registration is available. The Company is under no obligation to register the Shares or to make available any such exemption; and


 


	 	(c)  Grantee further represents that Grantee has had access to the financial statements or books and records of the Company, has had the opportunity to ask questions of the Company concerning its business, operations and financial condition and to obtain additional information reasonably necessary to verify the accuracy of such information;


 


	 	(d)  Unless and until the Shares represented by this Grant are registered under the Securities Act, all certificates representing the Shares and any certificates subsequently issued in substitution therefor and any certificate for any securities issued pursuant to any stock split, share reclassification, stock dividend or other similar capital event shall bear legends in substantially the following form:


 


	 	THESE SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS THEREFROM.


 






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	 	THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO THAT CERTAIN RESTRICTED STOCK PURCHASE AGREEMENT DATED ____________ BETWEEN THE COMPANY AND THE ISSUEE WHICH RESTRICTS THE TRANSFER OF THESE SHARES WHICH ARE SUBJECT TO REPURCHASE BY THE COMPANY UNDER CERTAIN CONDITIONS.


 


	 	and/or such other legend or legends as the Company and its counsel deem necessary or appropriate. Appropriate stop transfer instructions with respect to the Shares have been placed with the Company's transfer agent.


 


	 	(e)  Grantee understands that he or she will recognize income, for Federal and state income tax purposes, in an amount equal to the amount by which the fair market value of the Shares, as of the date of Grant, exceeds the price paid by Grantee. The acceptance of the Shares by Grantee shall constitute an agreement by Grantee to report such income in accordance with then applicable law. Withholding for federal or state income and employment tax purposes will be made, if and as required by law, from Grantee's then current compensation, or, if such current compensation is insufficient to satisfy withholding tax liability, the Company may require Grantee to make a cash payment to cover such liability.


 


7.  Stand-off Agreement. Grantee agrees that,
in connection with any registration of the Company's securities under the Securities Act, and upon the request of the Company or
any underwriter managing an underwritten offering of the Company's securities, Grantee shall not sell, short any sale of, loan,
grant an option for, or otherwise dispose of any of the Shares (other than Shares included in the offering) without the prior written
consent of the Company or such managing underwriter, as applicable, for a period of at least one year following the effective date
of registration of such offering. This Section 8 shall survive any termination of this Agreement.


 


8.  Termination of Agreement. This Agreement
shall terminate on the occurrence of any one of the following events: (a) written agreement of all parties to that effect; (b)
a proposed dissolution or liquidation of the Company, a merger or consolidation in which the Company is not the surviving entity,
or a sale of all or substantially all of the assets of the Company; (c) the closing of any public offering of common stock of the
Company pursuant to an effective registration statement under the Act; or (d) dissolution, bankruptcy, or insolvency of the Company.


 


9.  Agreement Subject to Plan; Applicable Law.
This Grant is made pursuant to the Plan and shall be interpreted to comply therewith. A copy of such Plan is available to Grantee,
at no charge, at the principal office of the Company. Any provision of this Agreement inconsistent with the Plan shall be considered
void and replaced with the applicable provision of the Plan.  This Grant shall be governed by the laws of the State of
Delaware and subject to the exclusive jurisdiction of the courts therein.


 


10.  Miscellaneous.


 


	 	(a)  Notices.  Any notice required to be given pursuant to this Agreement or the Plan shall be in writing and shall be deemed to have been duly delivered upon receipt or, in the case of notices by the Company, five (5) days after deposit in the U.S. mail, postage prepaid, addressed to Grantee at the last address provided by Grantee for use in the Company's records.


 


	 	(b)  Entire Agreement.  This instrument constitutes the sole agreement of the parties hereto with respect to the Shares. Any prior agreements, promises or representations concerning the Shares not included or reference herein shall be of no force or effect. This Agreement shall be binding on, and shall inure to the benefit of, the Parties hereto and their respective transferees, heirs, legal representatives, successors, and assigns.


 






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	 	(c)  Enforcement.  This Agreement shall be construed in accordance with, and governed by, the laws of the State of Delaware and subject to the exclusive jurisdiction of the courts located in the State of Delaware. If Grantee attempts to transfer any of the Shares subject to this Agreement, or any interest in them in violation of the terms of this Agreement, the Company may apply to any court for an injunctive order prohibiting such proposed transaction, and the Company may institute and maintain proceedings against Grantee to compel specific performance of this Agreement without the necessity of proving the existence or extent of any damages to the Company. Any such attempted transaction shares in violation of this Agreement shall be null and void.


 


	 	(d)  Validity of Agreement. The provisions of this Agreement may be waived, altered, amended, or repealed, in whole or in part, only on the written consent of all parties hereto. It is intended that each Section of this Agreement shall be viewed as separate and divisible, and in the event that any Section shall be held to be invalid, the remaining Sections shall continue to be in full force and effect.


 


[SIGNATURE PAGE TO FOLLOW]


 




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In Witness Whereof,
the parties have executed this Agreement as of the date first above written.


 


	COMPANY:	
        full spectrum inc.
        

        a Delaware corporation
	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: Stewart Kantor 	 
	 	 	Title:   Chief Executive Officer	 


 


	GRANTEE:	 	 
	 	 	 	 
	 	By:	 	 
	 	 	(signature)	 
	 	 	 	 
	 	Name: 	 	 


 



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