# EDGAR Filing Document

**Accession Number:** 0001094032
**File Stem:** 0001213900-26-063992
**Filing Date:** 2026-6
**Character Count:** 113608
**Document Hash:** 40a1fd3a673d5490ceb017e0b66d9b50
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-063992.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0001213900-26-063992

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20260602

**DATE AS OF CHANGE**: 20260602

**EFFECTIVENESS DATE**: 20260602

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** QDM International Inc.
- **CENTRAL INDEX KEY:** 0001094032
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 593564984
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-296416
- **FILM NUMBER:** 261054495

**BUSINESS ADDRESS:**
- **STREET 1:** ROOM 1030B 10F OCEAN CENTRE HARBOUR CITY
- **STREET 2:** 5 CANTON ROAD, TSIM SHA TSUI
- **CITY:** KOWLOON
- **STATE:** K3
- **ZIP:** 000000
- **BUSINESS PHONE:** 852 3188 9800

**MAIL ADDRESS:**
- **STREET 1:** ROOM 1030B 10F OCEAN CENTRE HARBOUR CITY
- **STREET 2:** 5 CANTON ROAD, TSIM SHA TSUI
- **CITY:** KOWLOON
- **STATE:** K3
- **ZIP:** 000000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 24/7 Kid Doc, Inc.
- **DATE OF NAME CHANGE:** 20160126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DALE JARRETT RACING ADVENTURE INC
- **DATE OF NAME CHANGE:** 20021120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JARRETT FAVRE DRIVING ADVENTURE INC
- **DATE OF NAME CHANGE:** 19990827

**As filed with the Securities and Exchange Commission on June 2, 2026**

**Registration No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**QDM International Inc.**

(Exact name of registrant as specified in its charter)

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| | |
|:---|:---|
| **Florida** | **59-3564984** |
| (State or Other Jurisdiction of<br> Incorporation or Organization) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **Room 1030B, 10/F, Ocean Centre**<br> **Harbour City, 5 Canton Road**<br> **Tsim Sha Tsui, Hong Kong** | **000000** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

---

| |
|:---|
| **QDM International Inc. 2026 Equity Incentive Plan** |
| &nbsp;&nbsp;(Full Title of the Plan) |

---

**Huihe Zheng<br> President, Chief Executive Officer and Chairman<br> QDM INTERNATIONAL INC.<br> Room 1030B, 10/F, Ocean Centre<br> Harbour City, 5 Canton Road<br> Tsim Sha Tsui, Hong Kong**<br> (Name and address of agent for service)

**<u>Tel: + 852 31889800</u>**

(Telephone number, including area code, of agent for service)

***With copies to:***

**Wei Wang, Esq.**<br> **Ellenoff Grossman & Schole LLP**<br> **1345 Avenue of the Americas, 11th Floor**<br> **New York, NY 10105**<br> **Phone: (212) 370-1300**<br> **Fax: (212) 370-7889**<br>

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Securities Exchange Act of 1934 (the "Exchange Act").

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**EXPLANATORY NOTE**

This Registration Statement on Form S-8 (the "Registration Statement") is being filed by QDM International Inc., a Florida company (the "Company", "or "QDM"), to register an aggregate of 1,295,427 shares of common stock, par value $0.0001 per share (the "Common Stock"), to be issued under the QDM International Inc. 2026 Equity Incentive Plan (the "2026 Plan").

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The information called for by Part I of Form S-8 is omitted from this Registration Statement and included in documents sent or given to participants in the 2026 Plan in accordance with Rule 428 under the Securities Act of 1933, as amended (the "Securities Act"). In accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC") and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The Company is subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements and other information regarding registrants that file electronically with the SEC, including the Company. The following documents filed or furnished by the Company with the SEC are incorporated herein by reference:

● our 2025 Annual Report on [Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1094032/000121390025062865/ea0247232-10k_qdminter.htm) for the fiscal year ended March 31, 2025 filed with the SEC on July 10, 2025;

● our Quarterly Reports on Form 10-Q for the quarters ended December 31, 2025, September 30, 2025, and June 30, 2025, which were filed with the SEC on [February 17, 2026](https://www.sec.gov/Archives/edgar/data/1094032/000121390026017312/ea0276452-10q_qdm.htm) , [November 14, 2025](https://www.sec.gov/Archives/edgar/data/1094032/000121390025110954/ea0265264-10q_qdm.htm) , and [August 14, 2025](https://www.sec.gov/Archives/edgar/data/1094032/000121390025076780/ea0252998-10q_qdminter.htm) , respectively;

● our Current Reports on Form 8-K filed with the SEC on [December 12, 2025](https://www.sec.gov/Archives/edgar/data/1094032/000121390025121185/ea0269511-8k_qdminter.htm) , and [September 22, 2025](https://www.sec.gov/Archives/edgar/data/1094032/000121390025090168/ea0258020-8k_qdm.htm) , including all the exhibits thereto;

● Our Preliminary Information Statement on [Schedule 14C](https://www.sec.gov/Archives/edgar/data/1094032/000121390025065826/ea0249289-01.htm) and Definitive Proxy Statement on [Schedule 14C](https://www.sec.gov/Archives/edgar/data/1094032/000121390025069694/ea0249289-02.htm) , as filed with the SEC on July 21, 2025 and July 31, 2025, respectively;

● the description of the Company's capital stock contained in the [Form S-1/A](https://www.sec.gov/Archives/edgar/data/1094032/000121390025122892/ea0213156-09.htm) , filed with the SEC on December 17, 2025, and any further amendment or report filed hereafter for the purpose of updating such description; and

Except to the extent such information is deemed furnished and not filed pursuant to securities laws and regulations, all documents that we file with the SEC pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act and, to the extent specifically designated therein, reports on Form 8-K filed by the Company to the SEC, in each case, subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement (that indicates that all securities offered under this Registration Statement have been sold or that deregisters all securities then remaining unsold) shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing or furnishing of such documents.

Any statement contained herein or in a document all or a portion of which is incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

Upon written or oral request, we shall provide without charge to each person, including any beneficial owner, a copy of any or all of the documents that are incorporated by reference to this Registration Statement but not delivered with this Registration Statement. You may request a copy of these filings by contacting us at QDM International Inc., at Room 1030B, 10/F, Ocean Centre, Harbour City, 5 Canton Road, Tsim Sha Tsui, Hong Kong, Telephone: (+852) 31889800.

**Item 4. Description of Securities.**

Not applicable.

**Item 5. Interests of Named Experts and Counsel.**

None.

**Item 6. Indemnification of Directors and Officers.**

Under Section 607.0831 of the Florida Business Corporation Act, or the "FBCA", a director is not personally liable for monetary damages to the corporation or any other person for any statement, vote, decision, or failure to act regarding corporate management or policy unless (1) the director breached or failed to perform his or her duties as a director and (2) the director's breach of, or failure to perform, those duties constitutes: (a) a violation of the criminal law, unless the director had reasonable cause to believe his or her conduct was lawful or had no reasonable cause to believe his or her conduct was unlawful; (b) a transaction from which the director derived an improper personal benefit, either directly or indirectly; (c) a circumstance under which the liability provisions of Section 607.0834 of the FBCA are applicable (relating to liability for unlawful distributions); (d) in a proceeding by or in the right of the corporation to procure a judgment in its favor or by or in the right of a shareholder, conscious disregard for the best interest of the corporation, or willful misconduct; or (e) in a proceeding by or in the right of someone other than the corporation or a shareholder, recklessness or an act or omission which was committed in bad faith or with malicious purpose or in a manner exhibiting wanton and willful disregard of human rights, safety, or property. A judgment or other final adjudication against a director in any criminal proceeding for a violation of the criminal law estops that director from contesting the fact that his or her breach, or failure to perform, constitutes a violation of the criminal law; but does not stop the director from establishing that he or she had reasonable cause to believe that his or her conduct was lawful or had no reasonable cause to believe that his or her conduct was unlawful.

Under Section 607.0851 of the FBCA, a corporation generally has the power to indemnify any person who was or is a party to any proceeding because the individual is or was a director or officer of the corporation if (a) the director or officer acted in good faith; (b) the director or officer acted in a manner he or she reasonably believed to be in, or not opposed to, the best interests of the corporation; and (c) in the case of any criminal proceeding, the director or officer had no reasonable cause to believe his or her conduct was unlawful. The termination of a proceeding by judgment, order, settlement, or conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the director or officer did not meet the relevant standard of conduct described in this section of the FBCA. Unless ordered by a court, a corporation may not indemnify a director or an officer in connection with a proceeding by or in the right of the corporation except for expenses and amounts paid in settlement not exceeding, in the judgment of the board of directors, the estimated expense of litigating the proceeding to conclusion, actually and reasonably incurred in connection with the defense or settlement of such proceeding, where such person acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests of the corporation.

For purposes of the indemnification provisions of the FBCA, "director" or "officer" means an individual who is or was a director or officer, respectively, of a corporation or who, while a director or officer of the corporation, is or was serving at the corporation's request as a director or officer, manager, partner, trustee, employee, or agent of another domestic or foreign corporation, limited liability company, partnership, joint venture, trust, employee benefit plan, or another enterprise or entity and the terms include, unless the context otherwise requires, the estate, heirs, executors, administrators, and personal representatives of a director or officer.

Section 607.0852 of the FBCA provides that a corporation must indemnify an individual who is or was a director or officer who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the individual was a party because he or she is or was a director or officer of the corporation against expenses incurred by the individual in connection with the proceeding.

Section 607.0853 of the FBCA provides that a corporation may, before final disposition of a proceeding, advance funds to pay for or reimburse expenses incurred in connection with the proceeding by an individual who is a party to the proceeding because that individual is or was a director or an officer if the director or officer delivers to the corporation a signed written undertaking of the director or officer to repay any funds advanced if (a) the director or officer is not entitled to mandatory indemnification under Section 607.0852; and (b) it is ultimately determined under Section 607.0854 or Section 607.0855 (as described below) that the director or officer has not met the relevant standard of conduct described in Section 607.0851 or the director or officer is not entitled to indemnification under Section 607.0859 (as described below).

Section 607.0854 of the FBCA provides that, unless the corporation's articles of incorporation provide otherwise, which the Company's articles do not, notwithstanding the failure of a corporation to provide indemnification, and despite any contrary determination of the board of directors or of the shareholders in the specific case, a director or officer of the corporation who is a party to a proceeding because he or she is or was a director or officer may apply for indemnification or an advance for expenses, or both, to a court having jurisdiction over the corporation which is conducting the proceeding, or to a circuit court of competent jurisdiction. Our Articles of Incorporation do not provide any such exclusion. After receipt of an application and after giving any notice it considers necessary, the court may order indemnification or advancement of expenses upon certain determinations of the court.

Section 607.0855 of the FBCA provides that, unless ordered by a court under Section 607.0854, a corporation may not indemnify a director or officer under Section 607.0851 unless authorized for a specific proceeding after a determination has been made that indemnification is permissible because the director or officer has met the relevant standard of conduct set forth in Section 607.0851.

Section 607.0857 of the FBCA provides that a corporation has the power to purchase and maintain insurance on behalf of and for the benefit of an individual who is entitled to indemnification as set forth therein, and Section 607.0858 of the FBCA provides that the indemnification provided pursuant to Section 607.0851 and Section 607.0852, and the advancement of expenses provided pursuant to Section 607.0853 are not exclusive. A corporation may, by a provision in its articles of incorporation, bylaws or any agreement, or by vote of shareholders or disinterested directors, or otherwise, obligate itself in advance of the act or omission giving rise to a proceeding to provide any other or further indemnification or advancement of expenses to any of its directors or officers.

Section 607.0859 of the FBCA provides that, unless ordered by a court under provisions of Section 607.0854 of the FBCA, a corporation may not indemnify a director or officer under Section 607.0851 or Section 607.0858 or advance expenses to a director or officer under Section 607.0853 or Section 607.0858 if a judgment or other final adjudication establishes that his or her actions, or omissions to act, were material to the cause of action so adjudicated and constitute: (a) willful or intentional misconduct or a conscious disregard for the best interests of the corporation in a proceeding by or in the right of the corporation to procure a judgment in its favor or in a proceeding by or in the right of a shareholder; (b) a transaction in which a director or officer derived an improper personal benefit; (c) a violation of the criminal law, unless the director or officer had reasonable cause to believe his or her conduct was lawful or had no reasonable cause to believe his or her conduct was unlawful; or (d) in the case of a director, a circumstance under which the liability provisions of Section 607.0834 are applicable (relating to unlawful distributions).

Our Articles of Incorporation, as amended, provides that we shall indemnify our officers, directors, and employees, and agents to the fullest extent authorized by the FBCA.

We expect to obtain general liability insurance that covers certain liabilities of our directors and officers arising out of claims based on acts or omissions in their capacities as directors or officers, including liabilities under the Securities Act. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the registrant pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Pursuant to our offer letters to directors and employment agreements with executive officers, we agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or executive officer.

The Articles of Incorporation provisions, bylaw provisions, indemnification agreements, and D&O insurance described above may discourage shareholders from bringing a lawsuit against our directors and officers for breach of their fiduciary duty. The provisions may also have the effect of reducing the likelihood of derivative litigation against directors and officers, even though such an action, if successful, might otherwise benefit us and our shareholders. Furthermore, a shareholder's investment may be adversely affected to the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions. We believe that these Articles of Incorporation provisions, bylaw provisions, indemnification agreements and the insurance are necessary to attract and retain qualified persons as directors and officers.

**Item 7. Exemption from Registration Claimed.**

Not applicable.

**Item 8. Exhibits.**

The following exhibits are filed with this Registration Statement.

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| | |
|:---|:---|
| **Exhibit No.** | **Exhibit Description** |
| 4.1\* | [QDM International Inc. 2026 Equity Incentive Plan](ea029187001ex4-1.htm) |
| 4.2 | [Specimen Common Stock Certificate (incorporated herein by reference to Exhibit 4.1 to the Company's Registration Statement on Form S-1 filed on March 21, 2025)](http://www.sec.gov/Archives/edgar/data/1094032/000101376225001111/ea021315604ex4-1_qdm.htm) |
| 5.1\* | <u>[Opinion of Silverman Schermer PLLC as to the legality of the securities being registered.](ea029187001ex5-1.htm)</u> |
| 23.1\* | <u>[Consent of ZH CPA, LLC.](ea029187001ex23-1.htm)</u> |
| 23.2\* | <u>[Consent of Silverman Schermer PLLC (included in Exhibit 5.1).](ea029187001ex5-1.htm)</u> |
| 24.1\* | <u>[Power of Attorney (included on the signature page).](#sig_001)</u> |
| 107\* | [Filing Fee Table.](ea029187001ex-fee.htm) |

---

\* Filed herewith.

**Item 9. Undertakings.**

(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;(1) To
file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to
include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to
reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration
Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to
include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement.

*provided, however*, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;(2) That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to
be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;(3) To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
of the offering.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hong Kong, on June 2, 2026.

---

| | |
|:---|:---|
| **QDM INTERNATIONAL INC.** | **QDM INTERNATIONAL INC.** |
| By: | */s/ Huihe Zheng* |
| Name: | Huihe Zheng |
| Title: | Chief Executive Officer, President and Chairman of Board of Directors |

---

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Huihe Zheng as his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments and registration statements filed pursuant to Rule 462(b) under the Securities Act of 1933) to this Registration Statement and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that each of said attorney-in-fact and agent or his substitutes or substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Form S-8 has been signed by the following persons in the capacities indicated on June 2, 2026.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Huihe Zheng | Chief Executive Officer, President and Chairman of Board | June 2, 2026 |
| Huihe Zheng | of Directors *(Principal Executive Officer)* |  |
| /s/ Wei Li | Chief Financial Officer and Secretary | June 2, 2026 |
| Wei Li | *(Principal Financial and Accounting Officer)* |  |
| /s/ Timothy Miles | Director | June 2, 2026 |
| Timothy Miles |  |  |
| /s/ Fawn Ren | Director | June 2, 2026 |
| Fawn Ren |  |  |

---

## Exhibit 4.1

**Exhibit 4.1**

**QDM INTERNATIONAL INC.**

**2026 EQUITY INCENTIVE PLAN**

**1.**  **<u>Purpose</u>** 

The Plan's purpose is to attract, retain, and motivate persons who make important contributions to the Company by providing these individuals with the opportunity to acquire Shares. Additionally, the Plan is intended to align the interests of these individuals to those of the Company's other shareholders.

**2.**  **<u>Definitions</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;2.1.  ***Administrator*** means the Board or a Committee to the extent the Board's powers and
authorities under the Plan have been delegated to a Committee. "Administrator" also includes any officer that has been delegated
authority pursuant to Section 4.2 for such time as such delegation is in effect.

&nbsp;&nbsp;&nbsp;&nbsp;2.2.  ***Affiliate*** means (i) any person or entity that directly or indirectly controls, is controlled
by or is under common control with the Company and/or (ii) to the extent provided by the Board or a Committee, any person or entity in
which the Company has a significant interest as determined by the Board or a Committee in its discretion. The term "control"
(including, with correlative meaning, the terms "controlled by" and "under common control with"), as applied to
any person or entity, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of such person or entity, whether through the ownership of voting or other securities, by contract or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;2.3.  ***Applicable Law*** means any applicable law, including without limitation: (i) provisions of
the Code, the Securities Act, the Exchange Act and any rules or regulations thereunder, (ii) corporate, securities, tax or other laws,
statutes, rules, requirements, or regulations, whether federal, state, local, or foreign, and (iii) rules of any securities exchange or
automated quotation system on which the Shares are listed, quoted, or traded.

&nbsp;&nbsp;&nbsp;&nbsp;2.4.  ***Award*** means an Option award, Stock Appreciation Right award, Restricted Stock award, Restricted
Stock Unit award, Performance Award, Dividend Equivalents award, or Other Stock or Cash Based Award granted to a Participant under the
Plan.

&nbsp;&nbsp;&nbsp;&nbsp;2.5.  ***Award Agreement*** means an agreement (written or electronic) made and delivered in accordance
with Section 12.3 of this Plan, evidencing the grant of an Award hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;2.6.  ***Board*** means the Board of Directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;2.7.  ***Cause*** means, in the case of a particular Award, unless the applicable Award Agreement states
otherwise, (i) the Company or an Affiliate having "cause" to terminate a Participant's employment or service, as defined
in any employment or consulting agreement or similar document or policy between the Participant and the Company or an Affiliate in effect
at the time of such termination or (ii) in the absence of any such employment or consulting agreement, document or policy (or the absence
of any definition of "Cause" contained therein), (A) a continuing material breach or material default (including, without
limitation, any material dereliction of duty) by Participant of any agreement between the Participant and the Company, except for any
such breach or default which is caused by the Participant's Disability, or a continuing failure by the Participant to follow the
direction of a duly authorized representative of the Company; (B) gross negligence, willful misfeasance or breach of fiduciary duty to
the Company or Affiliate by the Participant; (C) the commission by the Participant of an act of fraud, embezzlement or any felony or other
crime of dishonesty in connection with the Participant's duties to the Company or Affiliate; or (D) the Participant's conviction
of, or plea of *nolo contendere* to, a felony or any other crime that would materially and adversely affect: (i) the business reputation
of the Company or Affiliate or (ii) the performance of the Participant's duties to the Company or an Affiliate. Any determination
of whether Cause exists shall be made by the Administrator in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;2.8.  ***Change in Control*** shall, in the case of a particular Award, unless the applicable Award
Agreement provides otherwise or contains a different definition of "Change in Control" be deemed to occur upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8.1. A
tender offer (or series of related offers) which is
made and consummated for the ownership of 50% or more of the outstanding voting securities of the Company, unless as a result of such
tender offer more than 50% of the outstanding voting securities of the surviving or resulting corporation or entity are owned in the
aggregate by (A) the shareholders of the Company (as of the time immediately prior to the commencement of such offer), or (B) any employee
benefit plan of the Company or its Subsidiaries, and their Affiliates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8.2. The consummation of the Company's merger or consolidation
with another corporation, unless as a result of such merger or consolidation, more than 50% of the outstanding voting securities of the
surviving or resulting corporation or entity shall be owned in the aggregate by (A) the shareholders of the Company (as of the time immediately
prior to such transaction); provided, that a merger or consolidation of the Company with another company which is controlled by persons
owning more than 50% of the outstanding voting securities of the Company shall constitute a Change in Control unless the Administrator,
in its discretion, determine otherwise, or (B) any employee benefit plan of the Company or its Subsidiaries, and their Affiliates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8.3. The consummation of the Company's sale of substantially
all of its assets to another entity that is not wholly owned by the Company, unless as a result of such sale more than 50% of such assets
shall be owned in the aggregate by (A) the shareholders of the Company (as of the time immediately prior to such transaction), or (B)
any employee benefit plan of the Company or its Subsidiaries, and their Affiliates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8.4. The consummation of a transaction, or series of transactions,
in which a Person acquires 50% or more of the outstanding voting securities of the Company (whether directly, indirectly, beneficially
or of record), unless as a result of such acquisition more than 50% of the outstanding voting securities of the surviving or resulting
corporation or entity shall be owned in the aggregate by (A) the shareholders of the Company (as of the time immediately prior to the
first acquisition of such securities by such Person), or (B) any employee benefit plan of the Company or its Subsidiaries, and their
Affiliates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8.5. The Incumbent Directors cease to constitute a majority of
the Board for any reason.

For purposes of this Section 2.8, ownership of voting securities shall take into account and shall include ownership as determined by applying the provisions of Rule 13d-3(d)(1)(i) (as in effect on the date hereof) under the Exchange Act.

Notwithstanding the foregoing, if a Change in Control constitutes a payment event with respect to any Award or portion thereof that provides for the deferral of compensation that is subject to Section 409A, then to the extent required to avoid the imposition of additional taxes under Section 409A, the transaction or event described above in this Section 2.8 with respect to such Award or portion thereof shall only constitute a Change in Control for purposes of the payment timing of such Award if such transaction also constitutes a "change in control event," as defined in Treasury Regulation Section 1.409A-3(i)(5).

The Administrator shall have the authority, in its sole discretion, to determine whether a Change in Control has occurred, the effective date of such Change in Control, and any incidental matters relating thereto; provided that any exercise of authority in conjunction with a determination of whether a Change in Control is a "change in control event" as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with such regulation.

&nbsp;&nbsp;&nbsp;&nbsp;2.9.  ***Clawback Policies*** means any policy of the Company regarding the reduction, recoupment, clawback
or recovery of compensation, as such policies may be amended from time to time. "Clawback Policies" includes the Company's
policies to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Sarbanes-Oxley Act, or other Applicable Law,
as well as any implementing regulations and/or listing standards.

&nbsp;&nbsp;&nbsp;&nbsp;2.10.  ***Code*** means the Internal Revenue Code of 1986, as amended, and any successor thereto. References
in this Plan to any section of the Code shall be deemed to include any regulations or other interpretative guidance issued by any governmental
authority under such section, and any amendments or successor provisions to such section, regulations or guidance.

&nbsp;&nbsp;&nbsp;&nbsp;2.11.  ***Committee*** means one or more committees or subcommittees of the Board, which shall be comprised,
unless otherwise determined by the Board, solely of not less than two members who shall be (i) Non-Employee Directors, and (ii) "Non-Employee
Directors" within the meaning of Rule 16b-3.

&nbsp;&nbsp;&nbsp;&nbsp;2.12.  ***Company*** means QDM International Inc., a Florida corporation.

&nbsp;&nbsp;&nbsp;&nbsp;2.13.  ***Consultant*** means any person, including any adviser, engaged by the Company or a Subsidiary
to render services to such entity if the consultant or adviser: (i) renders bona fide services to the Company or a Subsidiary, (ii) renders
services not in connection with the offer or sale of securities in a capital-raising transaction and does not directly or indirectly promote
or maintain a market for the Company's securities, and (iii) who qualifies as a consultant or advisor under Instruction A.1.(a)(1)
of Form S-8 under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;2.14.  ***Designated Beneficiary*** means, if permitted by the Company, the beneficiary or beneficiaries
the Participant designates, in a manner the Company determines, to receive amounts due or exercise the Participant's rights if the
Participant dies. If a Participant does not make an effective designation, then the "Designated Beneficiary" will mean the
Participant's estate or legal heirs.

&nbsp;&nbsp;&nbsp;&nbsp;2.15.  ***Director*** means a Board member.

&nbsp;&nbsp;&nbsp;&nbsp;2.16.  ***Disability*** means a permanent and total disability under Code Section 22(e)(3).

&nbsp;&nbsp;&nbsp;&nbsp;2.17.  ***Dividend Equivalents*** means a right granted to a Participant to receive the equivalent value
(in cash or Shares) of dividends paid on a specified number of Shares. Such Dividend Equivalents shall be converted to cash or additional
Shares, or a combination of cash and Shares, by such formula and at such time and subject to such limitations as may be determined by
the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;2.18.  ***Effective Date*** has the meaning ascribed to such term in Section 21.

&nbsp;&nbsp;&nbsp;&nbsp;2.19.  ***Employee*** means any employee of the Company or any of its Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;2.20.  ***ERISA*** means the Employee Retirement Income Security Act of 1974, as amended.

 ****

&nbsp;&nbsp;&nbsp;&nbsp;2.21.  ***Exchange Act*** means the United States Securities Exchange Act of 1934, as amended, and all
regulations, guidance, and other interpretive authority issued thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;2.22.  ***Fair Market Value*** means unless otherwise provided by the Administrator in accordance with
Applicable Law, on a given date, (i) if the Shares are listed on a national securities exchange, the closing sales price on the principal
exchange of the Shares on such date, as reported in *The Wall Street Journal* or another source the Administrator deems reliable,
or, in the absence of reported sales on such date, the closing sales price on the immediately preceding date on which sales were reported,
or (ii) if the Shares are not listed on a national securities exchange, the mean between the bid and offered prices as quoted by any nationally
recognized interdealer quotation system for such date, as reported in *The Wall Street Journal* or another source the Administrator
deems reliable, provided that if the Shares are not quoted on an interdealer quotation system or it is determined that the fair market
value is not properly reflected by such quotations, Fair Market Value will be determined by such other method as the Administrator determines
in good faith to be reasonable and in compliance with Section 409A.

&nbsp;&nbsp;&nbsp;&nbsp;2.23.  ***GAAP*** means United States Generally Accepted Accounting Principles.

&nbsp;&nbsp;&nbsp;&nbsp;2.24.  ***Greater Than 10% Shareholder*** means an individual then owning (within the meaning of Code
Section 424(d)) more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;2.25.  ***Incentive Stock Option*** means an Option that meets the requirements to qualify as an "incentive
stock option" as defined in Code Section 422.

&nbsp;&nbsp;&nbsp;&nbsp;2.26.  ***Incumbent Directors*** means, for any period of 12 consecutive months, individuals who, at
the beginning of such period, constitute the Board together with any new Director(s) (other than a Director designated by a person who
shall have entered into an agreement with the Company to effect a transaction described in clause 2.8.1 or 2.8.3 of the Change in Control
definition) whose election or nomination for election to the Board was approved by a vote of at least a majority (either by a specific
vote or by approval of the proxy statement of the Company in which such person is named as a nominee for Director without objection to
such nomination) of the Directors then still in office who either were Directors at the beginning of the 12-month period or whose election
or nomination for election was previously so approved. No individual initially elected or nominated as a director of the Company as a
result of an actual or threatened election contest with respect to Directors or as a result of any other actual or threatened solicitation
of proxies by or on behalf of any person other than the Board shall be an Incumbent Director.

&nbsp;&nbsp;&nbsp;&nbsp;2.27.  ***Non-Employee Director*** means a Director who is not an Employee.

&nbsp;&nbsp;&nbsp;&nbsp;2.28.  ***Nonqualified Option*** means an Option that by its terms, or in operation, does not qualify
or is not intended to qualify as an Incentive Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;2.29.  ***Option*** means an Award granted pursuant to Section 6 hereof (excepting Stock Appreciation
Rights) to purchase a specified number of Shares at a specified price per Share during a specified time period, each as specified in an
Award Agreement. An Option may be either an Incentive Stock Option or a Nonqualified Option.

&nbsp;&nbsp;&nbsp;&nbsp;2.30.  ***Other Stock or Cash Based Awards*** means cash awards, awards of Shares, and other awards valued
by reference to or based on, Shares or other property.

&nbsp;&nbsp;&nbsp;&nbsp;2.31.  ***Parent*** means a "parent corporation," whether now or hereafter existing, as defined
by Code Section 424(e).

 ****

&nbsp;&nbsp;&nbsp;&nbsp;2.32.  ***Participant*** means a Service Provider who has been granted an Award.

&nbsp;&nbsp;&nbsp;&nbsp;2.33.  ***Performance Award*** means an Award granted hereunder that vests or is earned based at least
in part upon the attainment of performance criteria established by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;2.34.  ***Period of Restriction*** means the period during which the transfer of Restricted Stock is
subject to restrictions and a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of
certain performance criteria, or the occurrence of other events as determined by the Administrator.

 ****

&nbsp;&nbsp;&nbsp;&nbsp;2.35.  ***Person*** means as defined in Section 3(a)(9) of the Exchange Act, as modified and used in
Sections 13(d) and 14(d) thereof; however, a Person shall not include (A) the Company or any of its Subsidiaries; (B) a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or any of its Subsidiaries; (C) an underwriter temporarily
holding securities pursuant to an offering of such securities; or (D) a corporation owned, directly or indirectly, by the shareholders
of the Company in substantially the same proportion as their ownership of stock of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;2.36.  ***Plan*** means this QDM International Inc. 2026 Equity Incentive Plan.

&nbsp;&nbsp;&nbsp;&nbsp;2.37.  ***Restricted Stock*** means Shares, subject to a Period of Restriction or certain other specified
restrictions (including, without limitation, a requirement that the Participant remain continuously employed or provide continuous service
for a specified period of time), granted under Section 7 or issued pursuant to the early exercise of an Option.

&nbsp;&nbsp;&nbsp;&nbsp;2.38.  ***Restricted Stock Unit*** or  ***RSU*** means an unfunded and unsecured promise to deliver
Shares, cash, other securities, or other property, subject to certain restrictions (including, without limitation, a requirement that
the Participant remain continuously employed or provide continuous service for a specified period of time), granted under Section 8.

&nbsp;&nbsp;&nbsp;&nbsp;2.39.  ***Restrictive Covenant*** means any non-competition, non-solicitation, confidentiality, non-disparagement,
non-disclosure, or similar agreement between a Participant and the Company or an Affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;2.40.  ***Rule 16b-3*** means Rule 16b-3 promulgated under the Exchange Act, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;2.41.  ***Securities Act*** means the United States Securities Act of 1933, as amended, and all regulations,
guidance, and other interpretive authority issued thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;2.42.  ***Section 409A*** means Code Section 409A and the regulations and other guidance promulgated
thereunder by the United States Treasury Department, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;2.43.  ***Service Provider*** means an Employee, Consultant, or a Director.

&nbsp;&nbsp;&nbsp;&nbsp;2.44.  ***Share Limit*** has the meaning ascribed to such term in Section 5.1.

 ****

&nbsp;&nbsp;&nbsp;&nbsp;2.45.  ***Shares*** means shares of the Company's common stock, par value $0.0001 per share (and
any stock or other securities into which such common shares may be converted or into which they may be exchanged).

&nbsp;&nbsp;&nbsp;&nbsp;2.46.  ***Stock Appreciation Right*** or  ***SAR*** means a right granted under Section 6 hereof
to receive a payment equal to the excess of the Fair Market Value of a specified number of Shares on the date the right is exercised over
the exercise price set forth in the applicable Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;2.47.  ***Subsidiary*** means a "subsidiary corporation," whether now or hereafter existing,
as defined by Code Section 424(f).

&nbsp;&nbsp;&nbsp;&nbsp;2.48.  ***Substitute Awards*** means Awards granted or Shares issued by the Company in assumption of,
or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case by a company
or other entity acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines.

&nbsp;&nbsp;&nbsp;&nbsp;2.49.  ***Tax Obligations*** means any United States and non-United States federal, state, and/or local
taxes, including income tax, social insurance contributions, fringe benefit tax, employment tax, stamp tax, and any employer tax liability
which has been transferred to a Participant, for which a Participant is liable in connection with Awards and/or Shares.

&nbsp;&nbsp;&nbsp;&nbsp;2.50.  ***Termination of Service*** means the time at which a Participant has terminated from all service
with the Company and its Affiliates, for any reason. A Termination of Service shall occur when a Participant is no longer a Consultant,
Employee, or Non-Employee Director. The Company, in its sole discretion, shall make all determinations regarding whether a Termination
of Service has occurred.

**3.**  **<u>Eligibility</u>** 

Service Providers are eligible to receive Awards pursuant to the Plan, subject to the Plan's conditions and limitations. No Service Provider shall have any right to be granted an Award pursuant to the Plan, and neither the Company nor the Administrator is obligated to treat Service Providers, Participants, or other persons uniformly.

**4.**  **<u>Administration</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Generally</u>. The Plan will be administered by the Administrator. The Administrator is authorized,
subject to the provisions of the Plan, to establish such rules and regulations as it deems necessary for the proper administration of
the Plan and to make such determinations and interpretations, and to take such action in connection with the Plan and any benefits granted
hereunder as it deems necessary or advisable. Without limiting the foregoing, the Administrator shall have the sole discretion to (i)
designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Shares
to be covered by, or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards; (iv) determine
the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised
in cash, Shares, other securities, other Awards or other property, or canceled, forfeited, or suspended, and the method or methods by
which Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what extent, and under what circumstances
the delivery of cash, Shares, other securities, other Awards or other property and other amounts payable with respect to an Award shall
be made; (vii) interpret, administer, reconcile any inconsistency in, settle any controversy regarding, correct any defect in and/or complete
any omission in this Plan and any instrument or agreement relating to, or Award granted under, this Plan; (viii) establish, amend, suspend,
or waive any rules and regulations and appoint such agents as the Administrator shall deem appropriate for the proper administration of
this Plan; (ix) accelerate the vesting or exercisability of, payment for or lapse of restrictions on, Awards; (x) to reprice existing
Awards or to grant Awards in connection with or in consideration of the cancellation of an outstanding Award with a higher price; and
(xi) make any other determination and take any other action that the Administrator deems necessary or desirable for the administration
of the Plan. All determinations and interpretations made by the Administrator shall be binding and conclusive on all Participants and
their legal representatives.

&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>Delegation</u>. The Board or a Committee may delegate its powers and authorities to one or more Committees
or officers of the Company, provided, however, that no officer of the Company or any Subsidiary may be delegated authority to grant, amend,
modify, make any administrative determination to, or cancel any Awards held by either (A) any person subject to Section 16 of the Exchange
Act or (B) an officer who has been delegated any authority under the Plan. All delegations shall be subject to terms and conditions determined
by the Board or a Committee. Any delegation of authority under the Plan may be revoked at any time. Regardless of any delegation, the
Board or a Committee may act as the Administrator at any time in accordance with Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;4.3. <u>Liability</u>. Neither the Administrator nor any employee of the Company shall be liable for any act
or failure to act hereunder, except in circumstances involving his or her bad faith, gross negligence, or willful misconduct, or for any
act or failure to act hereunder by any other member or employee or by any agent to whom duties in connection with the administration of
this Plan have been delegated. The Company shall indemnify members of the Administrator and any agent of the Administrator who is an employee
of the Company, a Subsidiary, or an Affiliate against any and all liabilities or expenses to which they may be subjected by reason of
any act or failure to act with respect to their duties on behalf of the Plan, except in circumstances involving such person's bad
faith, gross negligence or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;4.4. <u>Administrative Delegation and Reliance</u>. The Administrator may delegate to one or more of its members,
or to one or more agents, such administrative duties as it may deem advisable, and the Administrator, or any person to whom it has delegated
duties as aforesaid, may employ one or more persons to render advice with respect to any responsibility the Administrator or such person
may have under the Plan. The Administrator may employ such legal or other counsel, consultants, and agents as it may deem desirable for
the administration of the Plan and may rely upon any opinion or computation received from any such counsel, consultant, or agent.

**5.**  **<u>Plan Limits</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;5.1. <u>Number of Shares Available for Issuance</u>. Subject to the provisions of Section 11, the maximum aggregate
number of Shares that may be issued under the Plan shall be the sum of (A) 1,295,427, plus (B) an increase commencing on January 1, 2027
and continuing annually on each anniversary thereof through and including January 1, 2036, equal to the lesser of (i) 5% of the Shares
outstanding on the last day of the immediately preceding calendar year and (ii) such smaller number of Shares as determined by the Board
or the Committee (the "  ***Share Limit*** "). The Shares subject to the Plan may be authorized, but unissued, or reacquired
shares.

&nbsp;&nbsp;&nbsp;&nbsp;5.2. <u>Share Recycling</u>. Upon payment in Shares pursuant to the exercise or settlement of an Award, the
number of Shares available for issuance under the Plan shall be reduced only by the number of Shares actually issued in such payment.
If a Participant pays the exercise price (or purchase price, if applicable) of an Award through the tender of Shares, or if the Shares
are tendered or withheld to satisfy any tax withholding obligations, the number of Shares so tendered or withheld shall again be available
for issuance pursuant to future Awards under the Plan, although such Shares shall not again become available for issuance as Incentive
Stock Options. Shares shall not be deemed to have been issued pursuant to the Plan with respect to any portion of an Award that is settled
in cash. If any outstanding Award expires or is terminated or canceled without having been exercised or settled in full, or if the Shares
acquired pursuant to an Award subject to forfeiture or repurchase are forfeited or repurchased by the Company, the Shares allocable to
the terminated portion of such Award or such forfeited or repurchased Shares shall again be available for grant under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;5.3. <u>Incentive Stock Option Limit</u>. No more than 10,000,000 Shares (subject to adjustment pursuant to
Section 11) may be issued under the Plan upon the exercise of Incentive Stock Options.

&nbsp;&nbsp;&nbsp;&nbsp;5.4. <u>Substitute Awards</u>. Substitute Awards shall not be counted against the Share Limit; provided, however,
that Substitute Awards issued in connection with the assumption of, or in substitution for, outstanding Options intended to qualify as
Incentive Stock Options shall be counted against the Incentive Stock Option limit in Section 5.3. Additionally, Shares subject to Substitute
Awards shall not be added to the Shares available for Awards under the Plan pursuant to Section 5.2. If the Company or any Subsidiary
acquires or combines with a company that has shares available under an equity plan approved by shareholders and in place prior to such
acquisition or combination (and not adopted in contemplation of such acquisition or combination), the available shares under the acquired
or combined entity's plan (as appropriately adjusted to reflect the transaction) may be used for Awards under the Plan and shall
not count against the Share Limit (and Shares subject to such Awards may again become available for Awards under the Plan as provided
in Section 5.2). Awards made from the available shares of an acquired or combined entity's plan shall not be made after the date
awards or grants could not be under the terms of the acquired or combined entity's plan prior to the acquisition or combination,
and shall only be made to individuals who were not Service Providers prior to such acquisition or combination. Substitute Awards may be
granted on such terms and conditions as the Administrator deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;5.5. <u>Non-Employee Director Award Limit</u>. Notwithstanding any provision to the contrary in the Plan or
in any policy of the Company regarding Non-Employee Director compensation, the sum of the grant date fair value (determined as of the
grant date in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, or any successor thereto)
of all equity-based Awards and the maximum amount that may become payable pursuant to all cash-based Awards that may be granted to a Service
Provider as compensation for services as a Non-Employee Director during any calendar year shall not exceed $1,000,000 for such Service
Provider's first year of service as a Non-Employee Director and $750,000 for each year thereafter.

**6.**  **<u>Options and Stock Appreciation Rights</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;6.1. <u>General</u>. The Administrator, at any time and from time to time, may grant Options or Stock Appreciation
Rights under the Plan to Service Providers, provided, however, to the extent required to avoid accelerated taxation and/or tax penalties
under Section 409A, a Service Provider may only be granted an Option or Stock Appreciation Right if the Company is an "eligible
issuer of service recipient stock" within the meaning of Section 409A, with respect to such Service Provider. Each Option or Stock
Appreciation Right shall be subject to such terms and conditions consistent with the Plan as the Administrator may impose from time to
time, subject to the limitations in this Section 6. Any Option or Stock Appreciation Rights granted hereunder will be exercisable according
to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement.
Exercising an Option or Stock Appreciation Right in any manner will decrease the number of Shares thereafter available for purchase under
the Option or Stock Appreciation Right, by the number of Shares as to which the Option or Stock Appreciation Right is exercised.

&nbsp;&nbsp;&nbsp;&nbsp;6.2. <u>Exercise Price</u>. The per share exercise price for Shares to be issued pursuant to exercise of an
Option or Stock Appreciation Right will be determined by the Administrator; provided, however, that to avoid the imposition of taxes under
Section 409A, the exercise price per Share shall be no less than one hundred percent (100%) of the Fair Market Value per Share on the
date of grant, subject to Section 5.4. In the case of an Option or Stock Appreciation Right that is a Substitute Award, the exercise price
for Shares subject to such Option or Stock Appreciation Right may be less than the Fair Market Value per Share on the date of grant; provided
that the exercise price of any Substitute Award shall be determined in accordance with the applicable requirements of Code Sections 424
and 409A.

&nbsp;&nbsp;&nbsp;&nbsp;6.3. <u>Exercise Period</u>. Options and Stock Appreciation Rights shall be exercisable at such time or times
and subject to such terms and conditions as shall be determined by the Administrator; provided, however, that no Option or Stock Appreciation
Right shall be exercisable later than ten (10) years after the date it is granted. No portion of an Option or Stock Appreciation Right
which is unexercisable at a Participant's Termination of Service shall thereafter become exercisable and the portion of an Option
or Stock Appreciation Right which is unexercisable at a Participant's Termination of Service shall automatically expire on the date
of such Termination of Service. Options and Stock Appreciation Rights granted to an Employee who is a non-exempt employee for purposes
of overtime pay under the United States Fair Labor Standards Act of 1938 shall not become exercisable earlier than six months after its
date of grant. Options and Stock Appreciation Rights shall terminate at such earlier times and upon such conditions or circumstances as
the Administrator shall in its discretion set forth in such Award Agreement at the date of grant; provided, however, the Administrator
may, in its sole discretion, later waive any such condition. If, prior an Option's or Stock Appreciation Right's exercise
and prior to its termination, a Participant commits an act of Cause (to be determined by the Administrator), or violates a Restrictive
Covenant, the Administrator may terminate the Participant's right to exercise the Option or Stock Appreciation Right when it reasonably
believes that the Participant may have participated in such act or violation.

&nbsp;&nbsp;&nbsp;&nbsp;6.4. <u>Exercise</u>. Options and Stock Appreciation Rights may be exercised by delivering to the Company (or
such other person or entity designated by the Administrator) a notice of exercise, in a form and manner the Company approves, which may
be written or electronic, signed or authenticated by the person authorized to exercise the Option or Stock Appreciation Right, together
with, as applicable, (a) payment in full of the exercise price for the number of Shares for which the Option is exercised in a manner
consistent with Section 6.5 and (b) satisfaction in full of any withholding obligations for Tax Obligations in a manner specified in Section
12.5. The Administrator may, in its discretion, require that any partial exercise of an Option or Stock Appreciation Right be with respect
to a minimum number of Shares.

&nbsp;&nbsp;&nbsp;&nbsp;6.5. <u>Payment Upon Exercise</u>. To the extent permitted by Applicable Law, the Participant may pay the Option
exercise price by cash, wire transfer, or check and, if approved by the Administrator, as determined in its sole discretion, by the following
methods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5.1. surrender of other Shares that meet the conditions established
by the Administrator to avoid adverse accounting consequences to the Company (as determined by the Administrator);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5.2. by a broker-assisted cashless exercise in accordance with
procedures approved by the Administrator, whereby payment of the exercise price may be satisfied, in whole or in part, with Shares subject
to the Option by delivery of an irrevocable direction to a securities broker (on a form prescribed by the Administrator) to sell Shares
and to deliver all or part of the sale proceeds to the Company in payment of the aggregate exercise price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5.3. for a Nonqualified Option, by delivery of a notice of "net
exercise" to the Company, pursuant to which the Participant shall surrender Shares then issuable upon the Nonqualified Option's
exercise valued at their Fair Market Value on the exercise date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5.4. such other consideration and method of payment for the issuance
of Shares to the extent permitted by Applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5.5. any combination of the foregoing methods of payment.

&nbsp;&nbsp;&nbsp;&nbsp;6.6. <u>Incentive Stock Options</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.1. Each Option will be designated
in the Award Agreement as either an Incentive Stock Option or a Nonqualified Option. However, notwithstanding such designation, to the
extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first
time by the Participant during any calendar year (under all plans of the Company, its Parent, or any Subsidiary) exceeds $100,000 (or
such other limit established in the Code), such Options will be treated as Nonqualified Options. For purposes of this Section 6.6.1,
Incentive Stock Options will be taken into account in the order in which they were granted. The Fair Market Value of the Shares will
be determined as of the time the Option is granted .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.2. In the case of an Incentive
Stock Option, the exercise price will be determined by the Administrator, but shall be no less than one hundred percent (100%) of the
Fair Market Value per Share on the date of grant. The term of any Incentive Stock Option will be ten (10) years from the date of grant
or such shorter term as may be provided in the Award Agreement. Moreover, in the case of an Incentive Stock Option granted to a Greater
Than 10% Shareholder, the term of the Incentive Stock Option will be five (5) years from the date of grant or such shorter term as may
be provided in the Award Agreement and the exercise price shall not be less than one hundred ten percent (110%) of the Fair Market Value
per Share on the date of grant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.3. No Option shall be treated
as an Incentive Stock Option unless this Plan has been approved by the shareholders of the Company in a manner intended to comply with
the shareholder approval requirements of Code Section 422(b)(1), provided that any Option intended to be an Incentive Stock Option shall
not fail to be effective solely on account of a failure to obtain such approval, but rather such Option shall be treated as a Nonqualified
Option unless and until such approval is obtained.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.4. In the case of an Incentive Stock Option, the terms and conditions
of such grant shall be subject to and comply with such rules as may be prescribed by Code Section 422. If for any reason an Option intended
to be an Incentive Stock Option (or any portion thereof) shall not qualify as an Incentive Stock Option, then, to the extent of such
nonqualification, such Option or portion thereof shall be regarded as a Nonqualified Option appropriately granted under this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6.5. By accepting an Incentive Stock Option, the Participant agrees
to give prompt notice to the Company of dispositions or other transfers (other than in connection with a Change in Control) of Shares
acquired under the Option made within the later of (a) two years from the grant date of the Option or (b) one year after the transfer
of such Shares to the Participant, specifying the date of the disposition or other transfer and the amount the Participant realized,
in cash, other property, or other consideration, in such disposition or transfer. Neither the Company nor the Administrator will be liable
to a Participant, or any other party, if an Incentive Stock Option fails or ceases to qualify as an "incentive stock option"
under Code Section 422. Any Incentive Stock Option or portion thereof that fails to qualify as an "incentive stock option"
under Code Section 422 for any reason, will be a Nonqualified Option.

**7.**  **<u>Restricted Stock</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;7.1. <u>Generally</u>. The Administrator, at any time and from time to time, may grant Restricted Stock to
Service Providers in such amounts as the Administrator, in its sole discretion, will determine, subject to the limitations of this Section
7. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction and the applicable
restrictions, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine.
Restricted Stock may be awarded in consideration for (i) cash, check, bank draft or money order payable to the Company, (ii) past service,
or (iii) any other form of legal consideration (including future Service) that may be acceptable to the Administrator, in its sole discretion,
and permissible under Applicable Laws.

&nbsp;&nbsp;&nbsp;&nbsp;7.2. <u>Restrictions; Voting Rights; Transferability</u>. Unless the Administrator determines otherwise, Restricted
Stock will be held by the Company as escrow agent until the restrictions on such Restricted Stock have lapsed. The Administrator, in its
discretion, may accelerate the time at which any restrictions will lapse or be removed. During the Period of Restriction, a Participant
holding Restricted Stock may exercise the voting rights applicable to those restricted Shares, unless the Administrator determines otherwise.
Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable
Period of Restriction.

&nbsp;&nbsp;&nbsp;&nbsp;7.3. <u>Dividends and Other Distributions</u>. Except as provided in the Award Agreement, during the Period
of Restriction, a Participant holding Restricted Stock will be entitled to receive all dividends and other distributions paid with respect
to such Restricted Stock. If any such dividends or distributions are paid in Shares, such Shares will be subject to the same restrictions
on transferability and forfeitability as the Restricted Stock with respect to which they were paid.

&nbsp;&nbsp;&nbsp;&nbsp;7.4. <u>Return of Restricted Stock to the Company</u>. On the date set forth in the Award Agreement, the Restricted
Stock for which restrictions have not lapsed will be forfeited and will revert to the Company and again will become available for grant
under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;7.5. <u>Section 83(b) Election</u>. If a Participant makes an election under Code Section 83(b) to be taxed
with respect to the Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which
such Participant would otherwise be taxable under Code Section 83(a), such Participant shall be required to deliver a copy of such election
to the Company promptly after filing such election with the Internal Revenue Service along with proof of the timely filing thereof.

**8.**  **<u>Restricted Stock Units (RSUs)</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;8.1. <u>Generally</u>. The Administrator, at any time and from time to time, may grant RSUs under the Plan
to Service Providers. Each RSU shall be subject to such terms and conditions as are consistent with the Plan and as the Administrator
may impose from time to time, subject to this Section 8. Each Award of RSUs will be evidenced by an Award Agreement that will specify
the terms, conditions, and restrictions related to the grant, including the number of RSUs and such other terms and conditions as the
Administrator, in its sole discretion, will determine. A Participant holding RSUs will have only the rights of a general unsecured creditor
of the Company until delivery of Shares, cash, other securities, other property, or a combination of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;8.2. <u>Vesting and Other Terms</u>. The Administrator will set vesting criteria in its discretion, which,
depending on the extent to which the criteria are met, will determine the number of RSUs that will be paid out to the Participant. Upon
meeting the applicable vesting criteria, the Participant will be entitled to receive a payout as determined by the Administrator. Notwithstanding
the foregoing, at any time after the grant of RSUs, the Administrator, in its sole discretion, may reduce or waive any vesting criteria
that must be met to receive a payout.

&nbsp;&nbsp;&nbsp;&nbsp;8.3. <u>Form and Timing of Payment</u>. Payment of earned RSUs will be made as soon as practicable after the
date(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle earned
RSUs in Shares, cash, other securities, other property, or a combination of the foregoing. If a cash payment is made in lieu of delivering
Shares, the amount of such payment shall be equal to the fair market value of the Shares as of the date on which the restricted period
lapsed with respect to such RSUs, less an amount equal to any taxes required to be withheld or paid. The Administrator may provide that
RSUs will be deferred, on a mandatory basis or at the Participant's election, subject to compliance with Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;8.4. <u>Voting</u>. The holders of RSUs shall have no voting rights as the Company's shareholders.

**9.**  **<u>Performance Awards</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;9.1. <u>Generally</u>. The Administrator shall have the authority to designate any Award described in Sections
6 through 8 of the Plan as a Performance Award. Additionally, the Administrator shall have the authority to make an award of a cash bonus
to any Participant and designate such Award as a Performance Award.

&nbsp;&nbsp;&nbsp;&nbsp;9.2. <u>Discretion of Administrator</u>. The Administrator shall have the discretion to establish the terms,
conditions, and restrictions of any Performance Award. For each performance period, the Administrator shall have the sole authority to
select the length of such performance period, the types of Performance Awards to be granted, the performance criteria that will be used
to establish the performance goals, and the level(s) of performance which shall result in a Performance Award being earned.

&nbsp;&nbsp;&nbsp;&nbsp;9.3. <u>Performance Criteria</u>. The Administrator may establish performance-based conditions for an Award
as specified in the Award Agreement, which may be based on the attainment of specific levels of performance of the Company (and/or one
or more Subsidiaries, divisions, business segments or operational units, or any combination of the foregoing) and may include, without
limitation, any of the following: (i) net earnings or net income (before or after taxes); (ii) basic or diluted earnings per share (before
or after taxes); (iii) revenue or revenue growth (measured on a net or gross basis); (iv) gross profit or gross profit growth; (v) operating
profit (before or after taxes); (vi) return measures (including, but not limited to, return on assets, capital, invested capital, equity,
or sales); (vii) cash flow (including, but not limited to, operating cash flow, free cash flow, net cash provided by operations and cash
flow return on capital); (viii) financing and other capital raising transactions (including, but not limited to, sales of the Company's
equity or debt securities); (ix) earnings before or after taxes, interest, depreciation and/or amortization; (x) gross or operating margins;
(xi) productivity ratios; (xii) share price (including, but not limited to, growth measures and total shareholder return); (xiii) expense
targets; (xiv) margins; (xv) productivity and operating efficiencies; (xvi) customer satisfaction; (xvii) customer growth; (xviii) working
capital targets; (xix) measures of economic value added; (xx) inventory control; (xxi) enterprise value; (xxii) sales; (xxiii) debt levels
and net debt; (xxiv) combined ratio; (xxv) timely launch of new facilities; (xxvi) client retention; (xxvii) employee retention; (xxviii)
timely completion of new product rollouts; (xxix) cost targets; (xxx) reductions and savings; (xxxi) productivity and efficiencies; (xxxii)
strategic partnerships or transactions; and (xxxiii) personal targets, goals or completion of projects. Any one or more of the performance
criteria may be used on an absolute or relative basis to measure the performance of the Company and/or one or more Subsidiaries as a whole
or any business unit(s) of the Company and/or one or more Subsidiaries or any combination thereof, as the Administrator may deem appropriate,
or any of the above performance criteria may be compared to the performance of a selected group of comparison or peer companies, or a
published or special index that the Administrator, in its sole discretion, deems appropriate, or as compared to various stock market indices.
The Administrator also has the authority to provide for accelerated vesting of any Award based on the achievement of performance criteria
specified in this paragraph. Any performance criteria that are financial metrics, may be determined in accordance with GAAP or may be
adjusted when established to include or exclude any items otherwise includable or excludable under GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;9.4. <u>Modification of Performance Goals</u>. At any time, the Administrator may adjust or modify the calculation
of a performance goal for a performance period, to appropriately reflect any circumstance or event that occurs during a performance period
and that in the Administrator's sole discretion, warrants adjustment or modification. Adjustments the Administrator may make include
but are not limited to the following: (i) asset write-downs; (ii) litigation or claim judgments or settlements; (iii) the effect of changes
in tax laws, accounting principles, or other laws or regulatory rules affecting reported results; (iv) any reorganization and restructuring
programs; (v) unusual and/or infrequently occurring items; (vi) acquisitions or divestitures; (vii) discontinued operations; (viii) any
other specific unusual or infrequently occurring or non-recurring events, or objectively determinable category thereof; (ix) foreign exchange
gains and losses; and (x) a change in the Company's fiscal year.

&nbsp;&nbsp;&nbsp;&nbsp;9.5. <u>Terms and Conditions to Payment</u>. Except as otherwise provided in an Award Agreement, a Participant
must be employed by the Company on the last day of a performance period to be eligible to vest and receive Shares, cash, or other consideration
in respect of a Performance Award for such performance period. A Participant shall be eligible to receive payment in respect of a Performance
Award only to the extent that the performance goals for such period are achieved and any other vesting conditions specified in the Participant's
Award Agreement are satisfied. Following the completion of a performance period, the Administrator shall determine whether, and to what
extent, the performance goals for the performance period have been achieved and determine the number of Shares, cash or other consideration
that will be settled pursuant to Performance Awards.

&nbsp;&nbsp;&nbsp;&nbsp;9.6. <u>Timing of Award Payments</u>. Except as provided in an Award agreement, Performance Awards granted
for a performance period shall be paid to Participants as soon as administratively practicable following the Administrator's determination
in accordance with Section 9.5.

**10.**  **<u>Other Awards</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;10.1. <u>General</u>. The Administrator may grant Dividend Equivalents or Other Stock or Cash Based Awards,
to one or more Service Providers, in such amounts and subject to such terms and conditions as are consistent with the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;10.2. <u>Dividend Equivalents</u>. The Administrator may provide that any Award, other than an Option or Stock
Appreciation Right, may provide a Participant with the right to receive Dividend Equivalents. Dividend Equivalents may be paid currently
or credited to an account for the Participant, settled in cash or Shares and subject to the same restrictions on transferability and forfeitability
as the Award with respect to which the Dividend Equivalents are granted. The payment of Dividend Equivalents shall be specified in the
applicable Award Agreement and shall in all cases be subject to Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;10.3. <u>Other Stock or Cash Based Awards</u>. Other Stock-Based Awards may be granted either alone, in addition
to, or in tandem with, other Awards granted under the Plan and/or cash awards made outside of the Plan. The Administrator shall have authority
to determine the Service Providers to whom and the time or times at which Other Stock-Based Awards shall be made, the amount of such Other
Stock-Based Awards, and all other conditions of the Other Stock-Based Awards including any dividend and/or voting rights. The Administrator
may grant Cash Awards in such amounts and subject to such performance or other vesting criteria and terms and conditions as the Administrator
may determine. Cash Awards shall be evidenced in such form as the Administrator may determine.

**11.**  **<u>Adjustments; Change in Control</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;11.1. <u>Adjustments</u>. In the event that any dividend or other distribution (whether in the form of cash,
Shares, other securities, or other property), recapitalization, share split, reverse share split, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate
structure of the Company affecting the Shares occurs such that an adjustment is determined by the Administrator (in its sole discretion)
to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under
the Plan, then the Administrator shall, in such manner as it may deem equitable, adjust (i) the number and class of Shares which
may be delivered under the Plan (or number and kind of other securities or other property); (ii) the number, class and price (including
the exercise or strike price of Options and SARs) of Shares subject to outstanding Awards, (iii) any applicable performance criteria,
performance period, and other terms and conditions of outstanding Performance Awards, and (iv) the numerical limits in Section 5. Notwithstanding
the preceding, the number of Shares subject to any Award always shall be a whole number.

&nbsp;&nbsp;&nbsp;&nbsp;11.2. <u>Dissolution or Liquidation</u>. In the event of the proposed dissolution or liquidation of the Company,
the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. The Administrator
in its discretion may provide for a Participant to have the right to exercise an Award, to the extent applicable, until ten (10) days
prior to such transaction as to all of the Shares covered thereby, including Shares as to which the Award would not be vested or otherwise
be exercisable. In addition, the Administrator may provide that any Company repurchase option or forfeiture rights applicable to any Award
shall lapse one hundred percent (100%), and that any Award vesting shall accelerate one hundred percent (100%), provided the proposed
dissolution or liquidation takes place at the time and in the manner contemplated. To the extent it has not been previously vested and,
if applicable, exercised, an Award will terminate immediately prior to the consummation of such proposed action.

&nbsp;&nbsp;&nbsp;&nbsp;11.3. <u>Change in Control</u>. In the event of a Change in Control, any outstanding Award shall be treated
in accordance with the applicable Award Agreement. If the applicable Award Agreement does not specify the treatment of the Award in a
Change in Control, the Award shall be treated as determined by the Administrator in its sole discretion, and the Administrator shall not
be obligated to treat all outstanding Awards similarly.

**12.**  **<u>Provisions Applicable to Awards</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;12.1. <u>Conditions Upon Issuance of Shares</u>. Shares will not be issued pursuant to an Award unless the exercise
of such Award and the issuance and delivery of such Shares will comply with Applicable Law and will be further subject to the approval
of counsel for the Company with respect to such compliance. As a condition to the exercise or receipt of an Award, the Company may require
the person exercising or receiving such Award to represent and warrant at the time of any such exercise or receipt that the Shares are
being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel
for the Company, such a representation is required or desirable.

&nbsp;&nbsp;&nbsp;&nbsp;12.2. <u>Transferability</u>. No Award may be sold, assigned, transferred, pledged or otherwise encumbered,
either voluntarily or by operation of law, except by will or the laws of descent and distribution. Each Participant may file with the
Administrator a written designation of one or more persons as the beneficiary(ies) who shall be entitled to receive the amounts payable
with respect to an Award, if any, due under this Plan upon his or her death. A Participant may, from time to time, revoke or change his
or her beneficiary designation without the consent of any prior beneficiary by filing a new designation with the Administrator. The last
such designation filed with the Administrator shall be controlling; provided, however, that no designation, or change or revocation thereof,
shall be effective unless received by the Administrator prior to the Participant's death, and in no event shall it be effective
as of a date prior to such receipt. If no beneficiary designation is filed by a Participant, the beneficiary shall be deemed to be his
or her spouse or, if the Participant is unmarried at the time of death, his or her estate. Upon the occurrence of a Participant's
divorce (as evidenced by a final order or decree of divorce), any spousal designation previously given by such Participant shall automatically
terminate.

&nbsp;&nbsp;&nbsp;&nbsp;12.3. <u>Documentation</u>. All Awards made under the Plan shall be made pursuant to an Award Agreement. The
Administrator may, in its sole discretion, determine the terms and conditions set forth in each Award Agreement, provided that all such
terms and conditions are consistent with the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;12.4. <u>Discretion</u>. All Awards made pursuant to the Plan may be made alone or in addition to or in conjunction
with any other Award. The terms of each Award are not required to be identical, and the Administrator does not have to treat Participants
or Awards uniformly.

&nbsp;&nbsp;&nbsp;&nbsp;12.5. <u>Withholding</u>. A Participant shall be required to pay to the Company or any Affiliate, or the Company
or any Affiliate shall have the right and is hereby authorized to withhold, from any cash, Shares, other securities or other property
deliverable under any Award or from any compensation or other amounts owing to a Participant, the amount (in cash, Shares, other securities
or other property) of any required withholding taxes, including any Tax Obligations, in respect of an Award, its exercise, or any payment
or transfer under an Award or under this Plan and to take such other action as may be necessary in the opinion of the Administrator or
the Company to satisfy all obligations for the payment of such withholding and taxes. In addition, the Administrator, in its discretion,
may make arrangements mutually agreeable with a Participant who is not an employee of the Company or an Affiliate to facilitate the payment
of applicable income and self-employment taxes. Without limitation, the Administrator may, in its sole discretion, permit a Participant
to satisfy, in whole or in part, the foregoing withholding liability by (A) the delivery of Shares (which are not subject to any pledge
or other security interest) owned by the Participant having a fair market value equal to such withholding liability, (B) having the Company
withhold from the number of Shares otherwise issuable or deliverable pursuant to the exercise or settlement of the Award a number of shares
with a fair market value equal to such withholding liability, (C) deducting an amount sufficient to satisfy such withholding obligation
from any payment of any kind otherwise due to a Participant, (D) accepting a payment from the Participant in cash, by wire transfer of
immediately available funds, or by check made payable to the order of the Company, or (E) if there is a public market for Shares at the
time the withholding obligation for Tax Obligations is to be satisfied, selling Shares issued pursuant to the Award creating the withholding
obligation. The amount withheld pursuant to any of the foregoing payment forms shall be determined by the Company and may be up to (but
not in excess of) the aggregate amount of such obligations based on the maximum statutory withholding rates in the Participant's
jurisdiction for all Tax Obligations that are applicable to such taxable income.

&nbsp;&nbsp;&nbsp;&nbsp;12.6. <u>Award Modification; Repricing</u>. The Administrator may at any time, and from time to time, amend
the terms of any one or more Awards without the consent of any Participant; provided, however, that the Administrator may not make any
amendment which would otherwise constitute an impairment of the material rights under any Award unless the Participant consents to such
impairment in writing. Notwithstanding anything to the contrary in Section 4 and except for an adjustment pursuant to Section 11 or a
repricing approved by shareholders, in no case may the Administrator (i) amend an outstanding Option or Stock Appreciation Right to reduce
the exercise price of the Award, (ii) cancel, exchange, or surrender an outstanding Option or Stock Appreciation Right in exchange for
cash or other awards for the purpose of repricing the Award, or (iii) cancel, exchange, or surrender an outstanding Option or Stock Appreciation
Right in exchange for an Option or Stock Appreciation Right with an exercise price that is less than the exercise price of the original
Award.

&nbsp;&nbsp;&nbsp;&nbsp;12.7. <u>Acceleration</u>. The Administrator may at any time provide that any Award will become immediately
vested and fully or partially exercisable, free of some or all restrictions or conditions, or otherwise fully or partially realizable,
in each case, subject to Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;12.8. <u>Fractional Shares</u>. No fractional Shares shall be issued or delivered pursuant to the Plan. The
Administrator shall determine whether cash, additional Awards, or other property shall be issued or paid in lieu of fractional Shares
or whether any fractional Shares should be rounded, forfeited, or otherwise eliminated.

**13.**  **<u>Section 409A</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;13.1. <u>General</u>. The Plan is intended to comply with Section 409A to the extent subject thereto, and shall
be interpreted and administered to be in compliance therewith. Any payments described in the Plan that are due within the "short-term
deferral period" (as defined in Section 409A) shall not be treated as deferred compensation unless Applicable Law requires otherwise.
Notwithstanding anything in the Plan or any Award Agreement to the contrary, the Administrator may, without a Participant's consent,
amend this Plan or any Award, adopt policies and procedures, make corrective filings, or take any other actions (including amendments
and retroactive actions) as are necessary or appropriate to preserve the intended tax treatment of Awards, including exempting the Plan
and Awards from Section 409A or complying with 409A.

&nbsp;&nbsp;&nbsp;&nbsp;13.2. <u>Payments to Specified Employees</u>. Notwithstanding anything in the Plan or an Award Agreement to
the contrary, any payment or settlement made pursuant to an Award to a "specified employee" (as defined by Section 409A and
as determined by the Administrator) due to such Participant's "separation from service" (as defined by Section 409A)
will, to the extent necessary to avoid adverse tax consequences to the Participant, be delayed for the six-month period immediately following
such "separation from service (or, if earlier, on the "specified employee's" death) and will instead be paid on
the day immediately following such six-month period or as soon as practicable thereafter. Any delayed payment under this Section 13.2
shall not accrue interest during the delay. All payments of "nonqualified deferred compensation" (as defined by Section 409A)
that are scheduled to be paid more than six months following a "specified employee's" termination, shall be made on
their regular schedule.

&nbsp;&nbsp;&nbsp;&nbsp;13.3. <u>Change in Control</u>. If any Award is or becomes subject to Code Section 409A and if payment of such
Award would be accelerated or otherwise triggered under a Change in Control, then the definition of Change in Control shall be deemed
modified, only to the extent necessary to avoid the imposition of an excise tax under Code Section 409A, to mean a "change in control
event" as such term is defined for purposes of Code Section 409A.

**14.**  **<u>Amendment of the Plan</u>** 

The Board may at any time amend, alter, suspend, or terminate the Plan. The Company may obtain shareholder approval of any Plan amendment to the extent necessary or, as determined by the Administrator in its sole discretion, desirable to comply with Applicable Law, including any amendment that (i) increases the number of Shares available for issuance under the Plan or (ii) changes the persons or class of persons eligible to receive Awards. No amendment, alteration, suspension, or termination of the Plan will materially impair the rights of any Participant with respect to outstanding Awards, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

**15.**  **<u>Foreign Participants</u>** 

The Administrator may from time to time establish sub-plans under the Plan for purposes of satisfying securities, tax, or other laws of various jurisdictions in which the Company intends to grant Awards. Any sub-plans shall contain such limitations and other terms and conditions as the Administrator determines are necessary or desirable. All sub-plans shall be deemed a part of the Plan, but each sub-plan shall apply only to the Participants in the jurisdiction for which the sub-plan was designed.

**16.**  **<u>Clawbacks</u>** 

Notwithstanding any other provisions in the Plan, the Administrator may cancel any Award, require reimbursement of any Award, and effect any other right of recoupment of equity or other compensation provided under the Plan in accordance with Company policies, including the Company's Clawback Policies. A Participant may be required to repay to the Company previously paid compensation, whether provided pursuant to the Plan or an Award Agreement, in accordance with the Clawback Policies. By accepting an Award, the Participant agrees to be bound by the Clawback Policies and to adhere to the Clawback Policies to the extent required by Applicable Law.

**17.**  **<u>No Right to Continued Service</u>** 

Nothing in the Plan or any instrument executed or Award granted pursuant thereto shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Award was granted or shall affect the right of the Company or an Affiliate to terminate (i) a Participant's employment with or without notice and with or without Cause, or (ii) a Participant's service as a Consultant or Director.

**18.**  **<u>No Rights as a Shareholder</u>** 

Except as provided in the Plan or an Award Agreement, no Participant shall be deemed to be the holder of, or to have any of the rights of a holder with respect to, any Shares subject to such Award unless and until such Participant has satisfied all requirements for exercise of the Award pursuant to its terms and no adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities, or other property) or distributions of other rights for which the record date is prior to the date such Share certificates are issued, except as provided in Section 11.

**19.**  **<u>Miscellaneous</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;19.1. <u>Limitations on Liability</u>. Neither the Company, nor its Parent, nor any Subsidiary, nor any person
serving as Administrator shall have any liability to a Participant in the event an Award held by the Participant fails to achieve its
intended characterization under the tax, securities, or other applicable laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;19.2. <u>Inability to Obtain Authority</u>. The inability of the Company to obtain authority from any regulatory
body having jurisdiction, which authority is deemed by the Company's counsel to be necessary to the lawful issuance and sale of
any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such
requisite authority will not have been obtained.

&nbsp;&nbsp;&nbsp;&nbsp;19.3. <u>Severability</u>. Notwithstanding any contrary provision of the Plan or an Award Agreement, if any
one or more of the provisions (or any part thereof) of this Plan or an Award Agreement shall be held invalid, illegal, or unenforceable
in any respect, such provision shall be modified so as to make it valid, legal, and enforceable, and the validity, legality, and enforceability
of the remaining provisions (or any part thereof) of the Plan or Award Agreement, as applicable, shall not in any way be affected or impaired
thereby.

&nbsp;&nbsp;&nbsp;&nbsp;19.4. <u>Governing Documents</u>. The Plan and each Award Agreement evidencing an Award are intended to be read
together, and together, set forth the complete terms and conditions of each Award. To the extent of any contradiction between the Plan
and any Award Agreement or other written agreement between a Participant and the Company, the Plan will govern unless the Award Agreement
or other written agreement was approved by the Administrator and expressly provides that a specific provision of the Plan will not apply.

&nbsp;&nbsp;&nbsp;&nbsp;19.5. <u>Governing Law</u>. The Plan will be governed by and construed in accordance with the internal laws
of the State of Florida, without reference to any choice of law principles.

&nbsp;&nbsp;&nbsp;&nbsp;19.6. <u>Waiver of Jury Trial</u>. EACH PARTICIPANT WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT
OF ANY LITIGATION BASED ON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THE PLAN.

&nbsp;&nbsp;&nbsp;&nbsp;19.7. <u>Waiver of Claims</u>. Each Participant of an Award recognizes and agrees that before being selected
by the Administrator to receive an Award, the Participant has no right to any benefits under the Plan. Accordingly, in consideration of
the Participant's receipt of any Award hereunder, the Participant expressly waives any right to contest the amount of any Award,
the terms of any Award Agreement, any determination, action, or omission hereunder or under any Award Agreement by the Administrator,
the Company, or the Board, or any amendment to the Plan or any Award Agreement (other than an amendment to the Plan or an Award Agreement
to which his or her consent is expressly required). Nothing contained in this Plan, and no action taken pursuant to its provisions, will
create or be construed to create a trust of any kind or a fiduciary relationship between the Company and any Participant. The Plan is
not intended to be subject to ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;19.8. <u>No Third-Party Beneficiaries</u>. Except as expressly provided in an Award Agreement, neither the Plan
nor any Award Agreement will confer on any person other than the Company and the Participant of any Award any rights or remedies thereunder.
The provisions of Section 4.3 will inure to the benefit of the estate, beneficiaries, and legatees of any member of the Administrator
and the Board, and any person to whom the Administrator or the Board delegates its powers, responsibilities, or duties in writing.

&nbsp;&nbsp;&nbsp;&nbsp;19.9. <u>Data Privacy</u>. As a condition for receiving any Award, each Participant explicitly and unambiguously
consents to the collection, use, and transfer, in any form, of personal data as described in this section by and among the Company and
its Subsidiaries, Affiliates, and their agents exclusively for implementing, administering, and managing the Participant's participation
in the Plan. The Company, its Subsidiaries, and Affiliates may hold certain personal information about a Participant, including the Participant's
name, address, telephone number, birthday, social security or other identification number, salary, nationality, job title(s), any Shares
held in the Company, its Subsidiaries, and Affiliates, and Award details to implement, manage, and administer the Plan and Awards (the
"  ***Data*** "). The Company, its Subsidiaries, and Affiliates may transfer the Data amongst themselves as necessary
to implement, administer, and manage a Participant's participation in the Plan, and the Company, its Subsidiaries, and Affiliates
may transfer the Data to third parties assisting the Company with Plan implementation, administration, and management. These third-party
recipients may be located in the United States or elsewhere, and the applicable location may be subject to different data privacy laws
than the Participant's home country. By accepting an Award, each Participant authorizes each recipient to receive, possess, use,
retain, and transfer the Data, in electronic or other form, to implement, administer, and manage the Participant's participation
in the Plan, including any required Data transfer to a broker or other thirty party with whom the Company or the Participant may elect
to deposit any Shares. The Data related to a Participant will be held only as long as necessary to implement, administer, and manage the
Participant's participation in the Plan. A Participant may, at any time, view the Data that the Company holds regarding such Participant,
request additional information about the storage and processing of the Data regarding such Participant, recommend any necessary corrections
to the Data regarding the Participant, or refuse or withdraw the consents in this section in writing, without cost, by contacting the
local human resources representative. The Company may cancel the Participant's ability to participate in the Plan and, in the Administrator's
discretion, the Participant may forfeit any outstanding Awards if the Participant refuses or withdraws the consents in this section.

&nbsp;&nbsp;&nbsp;&nbsp;19.10. <u>Titles and Headings</u>. The titles and headings in the Plan are for purposes of convenience only and
are not intended to define or limit the construction of the provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;19.11. <u>Intended to Comply with Applicable Law</u>. The Plan and all Awards granted hereunder are intended
to fully comply with Applicable Law. All administrative actions, determinations, and exercises of discretion by the Administrator shall
comply with Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;19.12. <u>Relationship to Other Benefits</u>. No payment pursuant to the Plan shall be taken into account in
determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare, or other benefit plan of the
Company or any Affiliate except to the extent otherwise expressly provided in writing in such other plan or agreement thereunder.

**20.**  **<u>Shareholder Approval</u>** 

The Plan will be subject to approval by the shareholders of the Company within twelve (12) months after the date the Plan is adopted. Such shareholder approval will be obtained in the manner and to the degree required under Applicable Law. All Awards hereunder are contingent on approval of the Plan by the Company's shareholders. Notwithstanding any other provision of this Plan, if the Plan is not approved by the Company's shareholders within twelve (12) months after the date the Plan is adopted, the Plan and any Awards hereunder shall be automatically terminated.

**21.**  **<u>Effective Date</u>** 

The Plan was adopted by the Board on May 22, 2026, and shall become effective May 22, 2026 (the "***Effective Date***").

Unless terminated earlier under Section 14, this Plan shall terminate on May 21, 2036, ten (10) years after the Effective Date.

## Exhibit 5.1

**Exhibit 5.1**

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|:---|:---|
| ![](ea029187001_ex5-1img1.jpg) | Silverman Schermer, PLLC<br> 100 SE 3rd Avenue<br> Suite 1850<br> Fort Lauderdale, FL 33394<br>Phone: 954.314.4000 |

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June 2, 2026

QDM INTERNATIONAL INC.

Room 1030B, 10/F, Ocean Centre

Harbour City, 5 Canton Road

Tsim Sha Tsui, Hong Kong

Re: <u>Registration Statement on Form S-8</u>

Ladies and Gentlemen:

We have acted as Florida counsel to QDM International Inc., a Florida corporation (the "<u>Company</u>"), with respect to certain matters of Florida law in connection with the filing with the Securities and Exchange Commission (the "<u>Commission</u>") of a registration statement on Form S-8 (the "<u>Registration Statement</u>") under the Securities Act of 1933, as amended (the "<u>Securities Act</u>").

The Registration Statement relates to the registration by the Company of 1,295,427 shares ("<u>Shares</u>") of the Company's common stock, par value $0.0001 (the "<u>Common Stock</u>") that the Company may issue pursuant to the QDM International 2026 Equity Incentive Plan (the "<u>Plan</u>") covered by the above-referenced Registration Statement. This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.

In connection with this opinion, we have examined and relied upon (i) the Articles of Incorporation of the Company, as amended to date (the "<u>Articles of Incorporation</u>"); (ii) the Bylaws of the Company, as amended to date (the "<u>Bylaws</u>"); (iii) certain resolutions of the Board of Directors of the Company with respect to the Plan and the issuance of the Shares ("<u>Resolutions</u>"); (vi) the Registration Statement and all exhibits thereto, (v) the Plan; and such other documents as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein.

For purposes of this opinion, we have also examined and relied upon the originals, or copies certified or otherwise identified to our satisfaction, of such records, documents, certificates, and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. In such examination, we have assumed, and express no opinion as to, the authenticity of original documents and the genuineness of all signatures, the conformity to the originals of all documents submitted to us as copies, the truth, accuracy and completeness of the information, representations and warranties contained in the instruments, documents, certificates and records we have reviewed, the legal capacity of all natural persons or entities, the absence of any undisclosed termination, modification, waiver or amendment to any document reviewed by us, the absence of any other extrinsic agreements or documents that might change or affect the interpretation or terms of documents we have reviewed, and the due authorization, execution and delivery of all such documents where due authorization, execution and delivery are prerequisites to the effectiveness thereof. As to any facts material to the opinions expressed herein that were not independently established or verified, we have relied upon statements and representations of officers and other representatives of the Company.

QDM International Inc.

We have also assumed that:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the Registration Statement and any amendments thereto (including post-effective amendments) will be effective
and will comply with all applicable laws at the time the Shares are offered or issued as contemplated by the Registration Statement and
that no stop order shall have been issued with respect thereto;

(b) the Shares will be issued and sold in compliance with applicable federal and state securities laws and
in the manner stated in the Registration Statement;

(c) the Shares will be issued and sold in the form and containing the terms set forth in the Registration
Statement;

(d) that no future amendments will be made to the Articles of Incorporation or Bylaws that would be in conflict
with or inconsistent with the Company's right and ability to issue the Shares.

Based upon the foregoing and in reliance thereon, and subject to the qualifications, limitations, exceptions and assumptions set forth herein, we are of the opinion that the issuance of the Shares has been duly authorized and, when and to the extent issued and delivered by the Company in accordance with the Registration Statement, the Resolutions and the Plan, the Shares will be validly issued, fully paid and non-assessable.

We do purport to cover herein, the application of the securities or "Blue Sky" laws of the various states to the issuance of the Shares.

We have not been engaged to examine, nor have we examined, the Registration Statement for the purpose of determining the accuracy or completeness of the information included therein or the compliance and conformity thereof with the Securities Act, the rules and regulations of the Commission or the requirements of Form S-8 promulgated under the Securities Act, and we express no opinion with respect thereto. Our opinion is limited to the Florida Business Corporation Act. We express no opinion as to the effect of the law of any other jurisdiction.

We consent to the use of this opinion as Exhibit 5.1 to the Registration Statement and further consent to all references to us, if any, in the Registration Statement. We do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

This opinion is rendered on, and speaks only as of, the date of this letter first written above, and we are under no duty to update the opinions contained herein.

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|:---|
| Very truly yours, |
| */s/ Silverman Schermer PLLC* |
| Silverman Schermer PLLC |

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## Exhibit 23.1

**Exhibit 23.1**

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|:---|:---|
| ![](ea029187001_ex23-1img1.jpg) | ![](ea029187001_ex23-1img2.jpg) |

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**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation by reference in this Registration Statement (to be filed on June 2, 2026) on Form S-8 with the U.S. Securities and Exchange Commission of QDM International Inc. and its subsidiaries (the "Company") of our report dated July 10, 2025 relating to our audits of the consolidated financial statements as of March 31, 2025 and 2024, and for each of the years in the two-year period ended March 31, 2025, which appears in the Annual Report on Form 10-K of the Company for the year ended March 31, 2025. Our report was subsequently dual-dated for the effects of a reverse stock split disclosed in Note 8 as to which the date is October 1, 2025 and which appears in Amendment No.4 to the Registration Statement on Form S-1 (No. 333- 283175) of QDM International Inc.

We also consent to the reference to our firm under the heading "Experts" in such Registration Statement on Form S-8.

**/s/ ZH CPA, LLC**

Denver, Colorado

June 2, 2026

999 18th Street, Suite 3000, Denver, CO, 80202, USA. Phone: 1.303.386.7224 Fax: 1.303.386.7101 Email: admin@zhcpa.us

## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

**Ex-Filing Fees**

**CALCULATION OF FILING FEE TABLES**

**S-8**

**QDM International Inc.**

**Table 1: Newly Registered Securities**

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Notes** | **Fee Calculation<br> Rule** | **Amount Registered** | **Proposed Maximum Offering<br> Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Common stock, par value $0.0001 per share | (1) | Other | 1295427 | $26.00 | $33681102.00 | 0.0001381 | $4651.37 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $33681102.00 |  | 4651.37 |
| Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: |  |  | 0.00 |
| Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: |  |  | $4651.37 |

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**__________________________________________ Offering Note(s)**

&nbsp;&nbsp;&nbsp;&nbsp;(1) Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of common stock of the Registrant that become issuable under the Registrant's 2026 Share Incentive Plan (the "2026 Plan") by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the Registrant's receipt of consideration which results in an increase in the number of the outstanding shares of common stock. Estimated in accordance with Rule 457(c) and (h) of the Securities Act solely for the purpose of calculating the registration fee on the basis of $26.00 per share, which is the average of the high and low price of the Registrant's shares of common stock as reported on the OTCQB Market on June 1, 2026. The Registrant does not have any fee offsets.