Exhibit
4.1 


 


DANIELS
CORPORATE ADVISORY COMPANY, INC. 


EMPLOYEES,
OFFICERS AND DIRECTORS STOCK PLAN FOR THE FISCAL 2018


 


1.
Introduction. This Plan shall be known as the Daniels Corporate Advisory Company, Inc. Employees, Officers, Directors,
and Consultants Stock Plan for the Year 2016 and is hereinafter referred to as the Plan. The purposes of this Plan are to enable
Daniels Corporate Advisory Company, Inc., a Nevada corporation (the Company), to promote the interests of the Company and its
stockholders by attracting and retaining Employees and Directors, capable of furthering the future success of the Company
and by aligning their economic interests more closely with those of the Company’s stockholders, by paying their compensation
partly in the form of shares of the Company’s common stock, par value $0.001 per share (the Common Stock).


 


2.
Definitions. The following terms shall have the meanings set forth below:


 


Board
means the Board of Directors of the Company.


 


Change
of Control has the meaning set forth in Paragraph 12(d) hereof.


 


Code
means the Internal Revenue Code of 1986, as amended, and the rules and regulations thereunder. References to any provision of
the Code or rule or regulation thereunder shall be deemed to include any amended or successor provision, rule or regulation.


 


Committee
means the committee that administers this Plan, as more fully defined in Paragraph 13 hereof.


 


Common
Stock has the meaning set forth in Paragraph 1 hereof.


 


Company
has the meaning set forth in Paragraph 1 hereof.








 


Deferral
Election has the meaning set forth in Paragraph 6 hereof.


 


Deferred
Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participants interest in
the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.


 


Delivery
Date has the meaning set forth in Paragraph 6 hereof.


 


Director
means an individual who is a member of the Board of Directors of the Company.


 


Dividend
Equivalent for a given dividend or other distribution means a number of shares of the Common Stock having a Fair Market Value,
as of the record date for such dividend or distribution, equal to the amount of cash, plus the Fair Market Value on the date of
distribution of any property, that is distributed with respect to one share of the Common Stock pursuant to such dividend or distribution;
such Fair Market Value to be determined by the Committee in good faith.


 


Effective
Date has the meaning set forth in Paragraph 3 hereof.


 


Employee
means any officer or employee of the Company.


 


Exchange
Act has the meaning set forth in Paragraph 12(d) hereof.


 




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Fair
Market Value means the mean between the highest and lowest reported sales prices of the Common Stock on the New York Stock Exchange
Composite Tape or, if not listed on such exchange, on any other national securities exchange on which the Common Stock is listed
or on The Nasdaq Stock Market, or, if not so listed on any other national securities exchange or The Nasdaq Stock Market, then
the average of the bid price of the Common Stock during the last five trading days on the OTC Bulletin Board or the OTC Markets
Group Inc. immediately preceding the last trading day prior to the date with respect to which the Fair Market Value is to be determined.
If the Common Stock is not then publicly traded, then the Fair Market Value of the Common Stock shall be the book value of the
Company per share as determined on the last day of March, June, September, or December in any year closest to the date when the
determination is to be made. For the purpose of determining book value hereunder, book value shall be determined by adding as
of the applicable date called for herein the capital, surplus, and undivided profits of the Company, and after having deducted
any reserves theretofore established; the sum of these items shall be divided by the number of shares of the Common Stock outstanding
as of said date, and the quotient thus obtained shall represent the book value of each share of the Common Stock of the Company.


 


Participant
has the meaning set forth in Paragraph 4 hereof.


 


Payment
Time means the time when a Stock Award is payable to a Participant pursuant to Paragraph 5 hereof (without regard to the effect
of any Deferral Election).


 


Stock
Award has the meaning set forth in Paragraph 5 hereof.


 


Third
Anniversary has the meaning set forth in Paragraph 6 hereof.


 


3.
Effective Date of the Plan. This Plan was adopted by the Board effective November 30, 2019 (the Effective Date).


 


4.
Eligibility. Each individual who is an Employee, Director, or Consultant on the Effective Date and each individual who
becomes an Employee, Director, or Consultant thereafter during the term of this Plan shall be a participant (the Participant)
in this Plan, in each case during such period as such individual remains an Employee, Director, or Consultant of the Company or
any of its subsidiaries. Each credit of shares of the Common Stock pursuant to this Plan shall be evidenced by a written agreement
duly executed and delivered by or on behalf of the Company and a Participant, if such an agreement is required by the Company
to assure compliance with all applicable laws and regulations.


 


5.
Grants of Shares. Commencing on the Effective Date, the amount of compensation or bonus for service to the Participants
shall be payable in shares of the Common Stock (the Stock Award) pursuant to this Plan. The deemed issuance price of shares of
the Common Stock subject to each Stock Award shall not be less than 50 percent of the Fair Market Value of the Common Stock
on the date of the grant. In the case of any person who owns securities possessing more than ten percent of the combined voting
power of all classes of securities of the issuer or its parent or subsidiaries possessing voting power, the deemed issuance price
of shares of the Common Stock subject to each Stock Award shall be at least 100 percent of the Fair Market Value of the Common
Stock on the date of the grant.


 


6.
Deferral Option. From and after the Effective Date, a Participant may make an election (a Deferral Election) on an annual
basis to defer delivery of the Stock Award specifying which one of the following ways the Stock Award is to be delivered (a) on
the date which is three years after the Effective Date for which it was originally payable (the Third Anniversary), (b) on the
date upon which the Participant ceases to be a Participant for any reason (the Departure Date) or (c) in five equal annual installments
commencing on the Departure Date (the Third Anniversary and Departure Date each being referred to herein as a Delivery Date).
Such Deferral Election shall remain in effect for each Subsequent Year unless changed, provided that, any Deferral Election with
respect to a particular Year may not be changed less than six months prior to the beginning of such Year, and provided, further,
that no more than one Deferral Election or change thereof may be made in any Year.


 




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Any
Deferral Election and any change or revocation thereof shall be made by delivering written notice thereof to the Committee no
later than six months prior to the beginning of the Year in which it is to be effected; provided that, with respect to the Year
beginning on the Effective Date, any Deferral Election or revocation thereof must be delivered no later than the close of business
on the 30th day after the Effective Date.


 


7.
Deferred Stock Accounts. The Company shall maintain a Deferred Stock Account for each Participant who makes a Deferral
Election to which shall be credited, as of the applicable Payment Time, the number of shares of the Common Stock payable pursuant
to the Stock Award to which the Deferral Election relates. So long as any amounts in such Deferred Stock Account have not been
delivered to the Participant under Paragraph 8 hereof, each Deferred Stock Account shall be credited as of the payment date for
any dividend paid or other distribution made with respect to the Common Stock, with a number of shares of the Common Stock equal
to (a) the number of shares of the Common Stock shown in such Deferred Stock Account on the record date for such dividend or distribution
multiplied by (b) the Dividend Equivalent for such dividend or distribution.


 


8.
Delivery of Shares.


 


(a)
The shares of the Common Stock in a Participants Deferred Stock Account with respect to any Stock Award for which a Deferral Election
has been made (together with dividends attributable to such shares credited to such Deferred Stock Account) shall be delivered
in accordance with this Paragraph 8 as soon as practicable after the applicable Delivery Date. Except with respect to a Deferral
Election pursuant to Paragraph 6 hereof, or other agreement between the parties, such shares shall be delivered at one time; provided
that, if the number of shares so delivered includes a fractional share, such number shall be rounded to the nearest whole number
of shares. If the Participant has in effect a Deferral Election pursuant to Paragraph 6 hereof, then such shares shall be delivered
in five equal annual installments (together with dividends attributable to such shares credited to such Deferred Stock Account),
with the first such installment being delivered on the first anniversary of the Delivery Date; provided that, if in order to equalize
such installments, fractional shares would have to be delivered, such installments shall be adjusted by rounding to the nearest
whole share. If any such shares are to be delivered after the Participant has died or become legally incompetent, they shall be
delivered to the Participants estate or legal guardian, as the case may be, in accordance with the foregoing; provided that, if
the Participant dies with a Deferral Election pursuant to Paragraph 6 hereof in effect, the Committee shall deliver all remaining
undelivered shares to the Participants estate immediately. References to a Participant in this Plan shall be deemed to refer to
the Participants estate or legal guardian, where appropriate.


 





9.
Share Certificates; Voting and Other Rights. The certificates for shares delivered to a Participant pursuant to Paragraph
8 above shall be issued in the name of the Participant, and from and after the date of such issuance the Participant shall be
entitled to all rights of a stockholder with respect to the Common Stock for all such shares issued in his name, including the
right to vote the shares, and the Participant shall receive all dividends and other distributions paid or made with respect thereto.


 


10.
General Restrictions.


 


(a)
Notwithstanding any other provision of this Plan or agreements made pursuant thereto, the Company shall not be required to issue
or deliver any certificate or certificates for shares of the Common Stock under this Plan prior to fulfillment of all of the following
conditions:


 


(i)
Listing or approval for listing upon official notice of issuance of such shares on the New York Stock Exchange, Inc., or such
other securities exchange as may at the time be a market for the Common Stock;


 




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(ii)
Any registration or other qualification of such shares under any state or federal law or regulation, or the maintaining in effect
of any such registration or other qualification which the Committee shall, upon the advice of counsel, deem necessary or advisable;
and


 


(iii)
Obtaining any other consent, approval, or permit from any state or federal governmental agency which the Committee shall, after
receiving the advice of counsel, determine to be necessary or advisable.


 


(b)
Nothing contained in this Plan shall prevent the Company from adopting other or additional compensation arrangements for the Participants.


 


11.
Shares Available. Subject to Paragraph 12 below, the maximum number of shares of the Common Stock which may in the aggregate
be paid as Stock Awards pursuant to this Plan is 7,500,000. Shares of the Common Stock issuable under this Plan may be
taken from treasury shares of the Company or purchased on the open market.


 


12.
Adjustments; Change of Control.


 


(a)
In the event that there is, at any time after the Board adopts this Plan, any change in corporate capitalization, such as a stock
split, combination of shares, exchange of shares, warrants or rights offering to purchase the Common Stock at a price below its
Fair Market Value, reclassification, or recapitalization, or a corporate transaction, such as any merger, consolidation, separation,
including a spin-off, stock dividend, or other extraordinary distribution of stock or property of the Company, any reorganization
(whether or not such reorganization comes within the definition of such term in Section 368 of the Code) or any partial or complete
liquidation of the Company (each of the foregoing a Transaction), in each case other than any such Transaction which constitutes
a Change of Control (as defined below), (i) the Deferred Stock Accounts shall be credited with the amount and kind of shares or
other property which would have been received by a holder of the number of shares of the Common Stock held in such Deferred Stock
Account had such shares of the Common Stock been outstanding as of the effectiveness of any such Transaction, (ii) the number
and kind of shares or other property subject to this Plan shall likewise be appropriately adjusted to reflect the effectiveness
of any such Transaction, and (iii) the Committee shall appropriately adjust any other relevant provisions of this Plan and any
such modification by the Committee shall be binding and conclusive on all persons.


 


(b)
If the shares of the Common Stock credited to the Deferred Stock Accounts are converted pursuant to Paragraph 12(a) into another
form of property, references in this Plan to the Common Stock shall be deemed, where appropriate, to refer to such other form
of property, with such other modifications as may be required for this Plan to operate in accordance with its purposes. Without
limiting the generality of the foregoing, references to delivery of certificates for shares of the Common Stock shall be deemed
to refer to delivery of cash and the incidents of ownership of any other property held in the Deferred Stock Accounts.


 


(c)
In lieu of the adjustment contemplated by Paragraph 12(a), in the event of a Change of Control, the following shall occur on the
date of the Change of Control (i) the shares of the Common Stock held in each Participants Deferred Stock Account shall be deemed
to be issued and outstanding as of the Change of Control; (ii) the Company shall forthwith deliver to each Participant who has
a Deferred Stock Account all of the shares of the Common Stock or any other property held in such Participants Deferred Stock
Account; and (iii) this Plan shall be terminated.


 


(d)
For purposes of this Plan, Change of Control shall mean any of the following events:


 


(i)
The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange
Act of 1934, as amended (the Exchange Act)) (a Person) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under
the Exchange Act) of 80 percent or more of either (1) the then outstanding shares of the Common Stock of the Company (the Outstanding
Company Common Stock), or (2) the combined voting power of then outstanding voting securities of the Company entitled to vote
generally in the election of directors (the Outstanding Company Voting Securities); provided, however, that the following acquisitions
shall not constitute a Change of Control (A) any acquisition directly from the Company (excluding an acquisition by virtue of
the exercise of a conversion privilege unless the security being so converted was itself acquired directly from the Company),
(B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained
by the Company or any corporation controlled by the Company or (D) any acquisition by any corporation pursuant to a reorganization,
merger or consolidation, if, following such reorganization, merger or consolidation, the conditions described in clauses (A),
(B) and (C) of paragraph (iii) of this Paragraph 12(d) are satisfied; or


 




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(iii)
Approval by the stockholders of the Company of a reorganization, merger, binding share exchange or consolidation, unless, following
such reorganization, merger, binding share exchange or consolidation (A) more than 60 percent of, respectively, then outstanding
shares of common stock of the corporation resulting from such reorganization, merger, binding share exchange or consolidation
and the combined voting power of then outstanding voting securities of such corporation entitled to vote generally in the election
of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who
were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately
prior to such reorganization, merger, binding share exchange or consolidation in substantially the same proportions as their ownership,
immediately prior to such reorganization, merger, binding share exchange or consolidation, of the Outstanding Company Common Stock
and Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding the Company, any employee benefit plan
(or related trust) of the Company or such corporation resulting from such reorganization, merger, binding share exchange or consolidation
and any Person beneficially owning, immediately prior to such reorganization, merger, binding share exchange or consolidation,
directly or indirectly, 20 percent or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as
the case may be) beneficially owns, directly or indirectly, 20 percent or more of, respectively, then outstanding shares of common
stock of the corporation resulting from such reorganization, merger, binding share exchange or consolidation or the combined voting
power of then outstanding voting securities of such corporation entitled to vote generally in the election of directors, and (C)
at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger, binding
share exchange or consolidation were members of the Incumbent Board at the time of the execution of the initial agreement providing
for such reorganization, merger, binding share exchange or consolidation; or


 


(iv)
Approval by the stockholders of the Company of (1) a complete liquidation or dissolution of the Company, or (2) the sale or other
disposition of all or substantially all of the assets of the Company, other than to a corporation, with respect to which following
such sale or other disposition, (A) more than 60 percent of, respectively, then outstanding shares of common stock of such corporation
and the combined voting power of then outstanding voting securities of such corporation entitled to vote generally in the election
of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who
were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately
prior to such sale or other disposition in substantially the same proportion as their ownership, immediately prior to such sale
or other disposition, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (B)
no Person (excluding the Company and any employee benefit plan (or related trust) of the Company or such corporation and any Person
beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20 percent or more of the Outstanding
Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly,
20 percent or more of, respectively, then outstanding shares of common stock of such corporation and the combined voting power
of then outstanding voting securities of such corporation entitled to vote generally in the election of directors, and (C) at
least a majority of the members of the board of directors of such corporation were members of the Incumbent Board at the time
of the execution of the initial agreement or action of the Board providing for such sale or other disposition of assets of the
Company.


 




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13.
Administration; Amendment and Termination.


 


(a)
The Plan shall be administered by the Compensation Committee (the Committee) of, or appointed by, the Board of Directors of the
Company (the Board). The Committee shall select one of its members as Chairman and shall act by vote of a majority of a quorum,
or by unanimous written consent. A majority of its members shall constitute a quorum. The Committee shall be governed by the provisions
of the Company’s Bylaws and of Nevada law applicable to the Board, except as otherwise provided herein or determined
by the Board. The Committee shall have full and complete authority, in its discretion, but subject to the express provisions of
this Plan to administer all aspects of the Plan. All interpretations and constructions of this Plan by the Committee, and all
of its actions hereunder, shall be binding and conclusive on all persons for all purposes.


 


(b)
The Board may from time to time make such amendments to this Plan, including to preserve or come within any exemption from liability
under Section 16(b) of the Exchange Act, as it may deem proper and in the best interest of the Company without further approval
of the Company’s stockholders, provided that, to the extent required under Nevada law or to qualify transactions
under this Plan for exemption under Rule 16b-3 promulgated under the Exchange Act, no amendment to this Plan shall be adopted
without further approval of the Company’s stockholders and, provided, further, that if and to the extent required
for this Plan to comply with Rule 16b-3 promulgated under the Exchange Act, no amendment to this Plan shall be made more than
once in any six month period that would change the amount, price or timing of the grants of the Common Stock hereunder other than
to comport with changes in the Code, the Employee Retirement Income Security Act of 1974, as amended, or the regulations thereunder. 


 


14.
Term of Plan. No shares of the Common Stock shall be issued, unless and until the Directors of the Company have approved
this Plan and all other legal requirements have been met. This Plan was adopted by the Board effective April 18, 2016, and shall
expire on April 18, 2026.


 


15.
Governing Law. This Plan and all actions taken thereunder shall be governed by, and construed in accordance with, the
laws of the State of Nevada.


 


16.
Information to Shareholders. The Company shall furnish to each of its stockholders financial statements of the Company
at least annually.


 


17.
Miscellaneous.








 


(b)
The Company shall have the right to require, prior to the issuance or delivery of any shares of the Common Stock pursuant to this
Plan, that a Participant make arrangements satisfactory to the Committee for the withholding of any taxes required by law to be
withheld with respect to the issuance or delivery of such shares, including, without limitation, by the withholding of shares
that would otherwise be so issued or delivered, by withholding from any other payment due to the Participant, or by a cash payment
to the Company by the Participant.


 




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IN
WITNESS WHEREOF, this Plan has been executed effective as of November 30, 2019.


 


	 	DANIELS
    CORPORATE ADVISORY COMPANY, INC. 
	 	 	 
	 	By
    	/s/
    Nicholas Viola 
	 	 	Nicholas
    Viola, Chief Executive Officer 
	 	 	 
	 	By	/s/ Keith Voigts
	 	 	Keith Voigts, Chief Financial Officer


 




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