Document:

AMENDMENT
#3

 

This
Amendment #3 (this "Amendment") is entered into as of June 1, 2015, by and between Tonaquint,
Inc., a Utah corporation ("Lender"), and Guided Therapeutics, Inc.,
a Delaware corporation ("Debtor").

A.
Debtor previously issued to Lender a Secured Promissory Note dated September 10, 2014 and in the principal amount of $1,275,000.00
(the "Note").

B.
The Note was issued pursuant to a Note Purchase Agreement dated September 10, 2014 between Lender and Debtor (the "Purchase
Agreement," and together with the Note and all other documents entered into in conjunction therewith, the "Loan
Documents").

C.
Lender and Debtor previously agreed to extend the Maturity Date (as defined in the Note) of the Note ("Extension #1")
pursuant to the terms of that certain Amendment dated March 10,2015 ("Amendment #1").

D.
Lender and Debtor also previously agreed to extend the Maturity Date of the Note ("Extension #2") pursuant to
the terms of that certain Amendment #2 dated May 4, 2015 ("Amendment # 2").

E.
Debtor has requested that Lender further extend the Maturity Date ("Extension #3").

F.
Lender has agreed, subject to the terms, amendments, conditions and understandings expressed in this Amendment, to grant Extension
#3.

NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree
as follows:

1.
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment are true
and accurate and are hereby incorporated into and made a part of this Amendment.

2.
Amendment #2. This Amendment shall supersede and replace Amendment #2 in its entirety.

3.
Extension. The first sentence of Section 1 of the Note is deleted in its entirety and replaced with the following:

"PAYMENT.
Debtor shall pay to Lender the entire outstanding balance of this Note on or before July 20, 2015."

4.
Interest. Section 2 of the Note is deleted in its entirety and replaced with the following:

"INTEREST.
Interest shall not accrue on the unpaid principal balance of this Note until the date that is six ( 6) months from the date hereof
unless an Event of Default (as defined below) occurs prior to such date. Upon the earlier of (i) the date that is six (6) months
from the date hereof, and (ii) the occurrence of an Event of Default, the outstanding balance of this Note shall bear interest
at the lesser of the rate of eighteen percent (18%) per annum or the maximum rate permitted by applicable law, compounding monthly
on the first day of each month and calculated on the basis of a 360-day year, from the date due until paid."

5.
Conversions.

(a)
During the period beginning on March 10, 2015 and ending on July 20, 2015 (the "Extension Periods"'), Lender
shall have the right to convert up to $350,000.00 of the outstanding balance of the Note into shares of Debtor's common stock
(the "Conversion Shares'').

(b)
Lender may elect to make such a conversion (each, a "Conversion") by delivering a conversion notice in substantially
the form attached hereto as Exhibit A to Debtor ("Conversion Notice"). Debtor agrees to deliver Conversion Shares
on or prior to the date that is three (3) business days after delivery of a Conversion Notice (the "Delivery Deadline").
For the avoidance of doubt, Debtor further agrees that it will honor any Conversion Notice delivered during the Extension
Period, even if delivered on the final day thereof. When a Conversion Notice or other notice hereunder is deemed to be delivered
shall be governed by the terms of Section 7.8 of the Purchase Agreement.

(c)
The conversion price per share (the "Conversion Price") for each Conversion shall be the lower of (i) $0.25,
and (ii) 75% of the lowest daily volume weighted average price per share of Debtor's common stock (as reported by Bloomberg, L.P.)
during the five (5) business days immediately prior to the date of the applicable Conversion. Notwithstanding the foregoing, the
Conversion Price shall be subject to a conversion floor of $0.15 per share (the "Conversion Floor"). If Lender
submits a Conversion Notice with a Conversion Price less than the Conversion Floor, then Debtor shall, within two (2) business
days of Lender's delivery of such Conversion Notice, notify Lender in writing of its election to either (i) pay the conversion
amount in cash, or (ii) waive the Conversion Floor and deliver the Conversion Shares. On or prior to the Delivery Deadline, Debtor
shall pay the aggregate Conversion Price in cash or deliver the applicable Conversion Shares, as the case may be. If Debtor fails
to deliver a notice as required pursuant to this Section 5(c), then Debtor shall be deemed to have elected to have waived the
Conversion Floor and will be required to deliver the applicable Conversion Shares on or before the Delivery Date.

(d)
If Debtor elects or is deemed to have elected to deliver Conversion Shares and fails to deliver Conversion Shares on or prior
to the Delivery Deadline, a late fee equal to the greater of (a) $500.00 and (b) 2% of the applicable Conversion Share Value (as
defined below) rounded to the nearest multiple of $100.00 will be assessed for each day after the Delivery Deadline until Conversion
Share delivery is made; and such late fee will be added to the outstanding balance of the Note (such fees, the "Conversion
Delay Late Fees"), provided, however, that in no event will the cumulative amount of any Conversion Delay Late Fees for
each Conversion exceed 100% of the applicable Conversion Share Value. For illustration purposes only, if Lender delivers a Conversion
Notice to Debtor pursuant to which Debtor is required to deliver 100,000 Conversion Shares to Lender and on the Delivery Deadline
such Conversion Shares have a Conversion Share Value of $20,000.00 (assuming a Closing Trade Price on the Delivery Deadline of
$0.20 per share of common stock), then in such event a Conversion Delay Late Fee in the amount of $500.00 per day (the greater
of $500.00 per day and $20,000.00 multiplied by 2%, which is $400.00) would be added to the outstanding balance of the Note until
such Conversion Shares are delivered to Lender. For purposes of this example, if the Conversion Shares are delivered to Lender
twenty (20) days after the applicable Delivery Deadline, the total Conversion Delay Late Fees that would be added to the outstanding
balance would be $10,000.00 (20 days multiplied by $500.00 per day). If the Conversion Shares are delivered to Lender one hundred
(1 00) days after the applicable Delivery Deadline, the total Conversion Delay Late Fees that would be added to the outstanding
balance of the Note would be $20,000.00 (1 00 days multiplied by $500.00 per day, but capped at 100% of the Conversion Share Value).
For purposes of this Amendment, "Conversion Share Value" means the product of the number of Conversion Shares
deliverable pursuant to any Conversion multiplied by the volume weighted average price per share on the applicable Delivery Deadline.

6.
Volume Restriction.

(a)
Lender agrees that, with respect to the Conversion Shares, in any given calendar week its Net Sales (as defined below) of
such Conversion Shares shall not exceed the greater of (i) fifteen percent (15%) of Debtor's weekly dollar trading volume in such
week (which, for purposes hereof, means the number of shares traded during such calendar week multiplied by the volume weighted
average price per share (as reported by Bloomberg L.P .) for such calendar week), and (ii) $75,000 (the "Volume Restriction").
For purposes of this Amendment, the term "Net Sales" means the gross proceeds from sales of Conversion Shares
sold in a calendar week minus the purchase price paid for any shares of Debtor's common stock purchased from persons other than
Debtor in such week. Lender hereby authorizes Debtor to request a trading activity report from Lender's broker with respect to
Lender's Net Sales during any calendar week.

(b)
Lender agrees that in the event it breaches the Volume Restriction where its Net Sales during any calendar week exceed the
dollar volume it is permitted to sell in any calendar week (such excess, the "Excess Sales"), then in such event
Debtor's sole and exclusive remedy shall be to reduce the outstanding balance of the Note by the amount of the Excess Sales upon
delivery of written notice to Lender.

7.
Trading Activities. During the Extension Period, Lender will not directly or through an affiliate engage in any open market
Short Sales (as defined below) of Debtor's common stock; provided; however, that unless and until Debtor has affirmatively
demonstrated by the use of specific evidence that Lender is engaging in open market Short Sales, Lender shall be assumed to be
in compliance with the provisions of this Section and Debtor shall remain fully obligated to fulfill all of its obligations under
the Loan Documents; and provided, further, that (a) Debtor shall under no circumstances be entitled to request or demand that
Lender either (i) provide trading or other records of Lender or of any party (other than as set forth in Section 6(a) above),
or (ii) affirmatively demonstrate that Lender or any other party has not engaged in any such Short Sales in breach of these provisions
as a condition to Debtor's fulfillment of its obligations under any of the Loan Documents, (b) Debtor shall not assert Lender's
or any other party's failure to demonstrate such absence of such Short Sales or provide any trading or other records of Lender
or any other party as all or part of a defense to any breach of Debtor's obligations under any of the Loan Documents, and (c)
Debtor shall have no setoff right with respect to any such Short Sales. As used herein, "Short Sale" has the
meaning provided in Rule 3b-3 under the Securities Exchange Act of 1934, as amended.

8.
Conversion #4. Debtor acknowledges and agrees that Conversion Notice #4 dated May 26, 2015 has been cancelled and replaced
with Conversion Notice #4 dated May 28, 2015. Debtor agrees to deliver the Conversion Shares set forth in the May 28, 2015 Conversion
Notice to Lender within three (3) business days of the date of this Amendment (the "May 28 Conversion Shares").

9.
Extension Fee. As a material inducement and partial consideration for Lender's agreement to enter into this Agreement and
grant Extension #3, each of Lender and Debtor agree that the Outstanding Balance of the Note shall be increased by $25,000.00
(the "Extension Fee") as of the date hereof and that the Extension Fee will tack back to the issuance date of
the Note for purposes of Rule 144. Following the application of the Extension Fee and assuming delivery of the May 28 Conversion
Shares, each of Lender and Debtor acknowledge and agree that the outstanding balance of the Note is $1,110,418.29 as of the date
hereof.

10.
Representations and Warranties of Debtor. In order to induce Lender to enter into this Amendment, Debtor, for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows:

(a)
Debtor has full power and authority to enter into this Amendment and to incur and perform all obligations and covenants contained
herein, all of which have been duly authorized by all proper and necessary action. No consent, approval, filing or registration
with or notice to any governmental authority is required as a condition to the validity of this Amendment or the performance of
any of the obligations of Debtor hereunder.

 

(b)
There is no fact known to Debtor or which should be known to Debtor which Debtor has not disclosed to Lender on or prior to
the date of this Amendment which would or could materially and adversely affect the understanding of Lender expressed in this
Amendment or any representation, warranty, or recital contained in this Amendment.

 

(c)
Except as expressly set forth in this Amendment, Debtor acknowledges and agrees that neither the execution and delivery of
this Amendment nor any of the terms, provisions, covenants, or agreements contained in this Amendment shall in any manner release,
impair, lessen, modify, waive, or otherwise affect the liability and obligations of Debtor under the terms of the Loan Documents.

 

(d)
Debtor has no defenses, affirmative or otherwise, rights of setoff, rights of recoupment, claims, counterclaims, actions or
causes of action of any kind or nature whatsoever against Lender, directly or indirectly, arising out of, based upon, or in any
manner connected with, the transactions contemplated hereby, whether known or unknown, which occurred, existed, was taken, permitted,
or begun prior to the execution of this Amendment and occurred, existed, was taken, permitted or begun in accordance with, pursuant
to, or by virtue of any of the terms or conditions of the Loan Documents. To the extent any such defenses, affirmative or otherwise,
rights of setoff, rights of recoupment, claims, counterclaims, actions or causes of action exist or existed, such defenses, rights,
claims, counterclaims, actions and causes of action are hereby waived, discharged and released. Debtor hereby acknowledges and
agrees that the execution of this Amendment by Lender shall not constitute an acknowledgment of or admission by Lender of the
existence of any claims or of liability for any matter or precedent upon which any claim or liability may be asserted.

 

(e)
Debtor represents and warrants that as of the date hereof no Events of Default (as defined in the Note) exist under the Loan
Documents or have occurred prior to the date hereof

 

11.
Representations and Warranties of Lender. In order to induce Debtor to enter into this Amendment, Lender, for itself,
and for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows:

 

(a)
Lender has full power and authority to enter into this Amendment and to incur and perform all obligations and covenants contained
herein, all of which have been duly authorized by all proper and necessary action. No consent, approval, filing or registration
with or notice to any governmental authority is required as a condition to the validity of this Amendment or the performance of
any of the obligations of Lender hereunder.

 

(b)
(i) Lender is an "accredited investor" as that term is defined in Rule 501(a) of Regulation D; (ii) Lender is experienced,
sophisticated and knowledgeable in trading in securities of private and public companies and by reason of its respective business
or financial experience or its own independent investigation, Lender is capable of evaluating the merits and risks of the transaction
contemplated by the Transaction Documents; (iii) Lender will only acquire the Note or the Conversion Shares for investment, for
its own account and not for the interest of any other person and not for distribution or resale to others; and (iv) Lender is
familiar with the Company and has been given the opportunity to ask questions of the officers and directors of the Company and
to obtain (and has received to its satisfaction) such information about the business and financial conditions of the Company as
it has reasonably requested. Notwithstanding the foregoing, nothing in this Section 11 shall be construed to modify, undermine
or act as a defense to Company's unconditional obligation to repay the Note.

 

12.
Certain Acknowledgments. Each of the parties acknowledges and agrees that: (a) no property or cash consideration of
any kind whatsoever has been or shall be given by Lender to Debtor in connection with this Amendment, Extension #3 or other amendments
to the Loan Documents granted herein and (b) the Note and the Conversion Shares (i) have not been and will not be registered under
the Securities Act or the securities laws of any state, nor is any 5 such registration contemplated and (ii) are subject to restrictions
on transferability and resale, and may not be transferred or resold except as permitted under the Securities Act of 1933 and applicable
state securities laws, whether pursuant to registration thereunder or an exemption therefrom.

 

   13. Other Terms Unchanged. The Loan Documents, as amended by this Amendment, remain and continue in full force
and effect, constitute legal, valid, and binding obligations of each of the parties, and are in all respects agreed to,
ratified, and confirmed. Any reference to any Loan Document after the date of this Amendment is deemed to be a reference to
such Loan Document as amended by this Amendment. If there is a conflict between the terms of this Amendment and any Loan
Document, the terms of this Amendment shall control. No forbearance or waiver may be implied by this Amendment. Except as
expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or
as an amendment to, any right, power, or remedy of Lender under any Loan Document, as in effect prior to the date
hereof.

 

  14.
Headings. The headings contained in this Amendment are for reference purposes only and do not affect in any way the meaning
or interpretation of this Amendment.

 

 15.
Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original,
but all of which together shall constitute one instrument. The parties hereto confirm that any electronic copy of another party's
executed counterpart of this Amendment (or such party's signature page thereof) will be deemed to be an executed original thereof.

 

16.
Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Amendment and the consummation of the transactions
contemplated hereby.

 

[Remainder
of page intentionally left blank]

 

 

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.

 

DEBTOR:

 

GUIDED
THERAPEUTICS, INC.

 

By:
/s/ Gene Cartwright

Name:
Gene Cartwright

Title:
CEO

 

LENDER:

 

TONAQUINT,
INC.

By:
/s/ John M. Fife

       John
M. Fife, President

 

[Signature
Page to Amendment #3]

 

 

 

 

    	 

    	 

    

 

EXHIBIT
A

TONAQUINT,
INC.

303
East Wacker Drive, Suite 1040

Chicago,
Illinois 60601

 

Date: ____________________________

GUIDED THERAPEUTICS,
INC.

5835 Peachtree
Corners East, Suite D

Norcross,
Georgia 3 0092

 

CONVERSION
NOTICE

 

The
above-captioned Lender hereby gives notice to Guided Therapeutics, Inc., a Delaware corporation ("Debtor"), pursuant
to that certain Secured Promissory Note made by Debtor in favor of Lender on September 10, 2014, and amended on March 10, 2015
(the "Note"), that Lender elects to convert the portion of the outstanding balance of the Note set forth below into
fully paid and nonassessable shares of Debtor's common stock as of the date of conversion specified below. Such conversion shall
be based on the Conversion Price set forth below. In the event of a conflict between this Conversion Notice and the Note, the
Note (as amended) shall govern, or, in the alternative, at the election of Lender in its sole discretion, the Lender may provide
a new form of Conversion Notice to conform to the Note.

A. Date
of Conversion: _________

B. Conversion#:
_______

C. Conversion
Amount: __________

D. VWAP:
_____ (lowest daily volume weighted average price in the preceding 5 business days)

E. Conversion
Factor: _________ (75%)

F. Conversion
Price: ___________ (lesser of (i) D multiplied by E, and (ii) $0.25)

G. Conversion
Shares: _____________ (C divided by F)

H. Remaining
Outstanding Balance of Note: ___________*

 

 

* Subject
to adjustments for corrections, defaults, and other adjustments permitted by the Note the terms of which shall control in the
event of any dispute between the terms of this Conversion Notice and such Note.

 

Please
transfer the Conversion Shares electronically (via DWAC) to the following account: 

Broker:Address:

DTC#:

Account#:

Account
Name:

 

To
the extent the Conversion Shares are not able to be delivered to the Lender electronically via the DWAC system, please deliver
all such certificated shares to Lender via reputable overnight courier after receipt of this Conversion Notice (by facsimile transmission
or otherwise) to:

 

Sincerely,

 

TONAQUINT,
INC.

 

By:._______________________

John
M. Fife, PresidentEX-10.1

 Exhibit 10.1 

BGC PARTNERS, INC. 

SIXTH AMENDED AND RESTATED LONG TERM INCENTIVE PLAN 

(June 2, 2015) 
 1.
Purpose. The purpose of this Sixth Amended and Restated Long Term Incentive Plan (the “Plan”) of BGC Partners, Inc., a Delaware corporation (the “Company”), is to advance the interests of the Company and its stockholders by
providing a means to attract, retain, motivate and reward directors, officers, employees and consultants of and service providers to the Company and its affiliates and to enable such persons to acquire or increase a proprietary interest in the
Company, thereby promoting a closer identity of interests between such persons and the Company’s stockholders. 
 The Plan was
initially adopted by the Company in 1999 as the eSpeed, Inc. 1999 Long Term Incentive Plan, and was subsequently amended and restated in 2003. The eSpeed, Inc. 1999 Long Term Incentive Plan was further amended and restated and, effective as of the
closing of the merger between eSpeed, Inc. and BGC Partners, Inc. (the “Effective Date”), was renamed the “BGC Partners, Inc. Amended and Restated Long Term Incentive Plan.” The Plan was further amended and restated effective on
December 14, 2009 upon approval by the Company’s stockholders and renamed as of such date as the “BGC Partners, Inc. Second Amended and Restated Long Term Incentive Plan.” The Plan was further amended and restated effective on
December 14, 2011 upon approval by the Company’s stockholders and renamed as of such date as the “BGC Partners, Inc. Third Amended and Restated Long Term Incentive Plan.” The Plan was further amended and restated effective on
June 4, 2013 upon approval by the Company’s stockholders and renamed as of such date as the “BGC Partners, Inc. Fourth Amended and Restated Long Term Incentive Plan.” The Plan was further amended and restated effective on
June 3, 2014 upon approval by the Company’s stockholders and renamed as of such date as the “BGC Partners, Inc. Fifth Amended and Restated Long Term Incentive Plan.” 

2. Definitions. The definitions of awards under the Plan, including Options, SARs (including Limited SARs), Restricted Stock, Deferred
Stock, Stock granted as a bonus or in lieu of other awards, Dividend Equivalents and Other Stock-Based Awards, are as set forth in Section 6 of the Plan. Such awards, together with any other right or interest granted to a Participant under the
Plan, are termed “Awards.” For purposes of the Plan, the following additional terms shall be defined as set forth below: 

(a) “Award Agreement” means any written agreement, contract, notice or other instrument or document evidencing an
Award. 
 (b) “Beneficiaries” means the person, persons, trust or trusts which have been designated by a
Participant in his or her most recent written beneficiary designation filed with the Committee to receive the benefits specified under the Plan upon such Participant’s death or, if there is no designated Beneficiary or surviving designated
Beneficiary, then the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits. 

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

(d) A “Change in Control” shall be deemed to have occurred on: 

(i) the date of the acquisition by any “person” (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Exchange Act), excluding the Company, its Parent or any Subsidiary or any employee benefit plan sponsored by any of the foregoing, of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of shares of common stock of the
Company representing 30% of either (x) the total number of the then-outstanding shares of common stock, or (y) the total voting power with respect to the election of directors; or 

(ii) the date the individuals who constitute the Board upon the Effective Date (the “Incumbent Board”) cease for any
reason to constitute at least a majority of the members of the Board; provided, however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election by the Company’s stockholders, was
approved by a vote of at least a majority of the directors then comprising the Incumbent Board (other than any individual whose nomination for election to Board membership was not endorsed by the Company’s management prior to, or at the time
of, such individual’s initial nomination for election) shall be, for purposes of this clause (ii), considered as though such person were a member of the Incumbent Board; or 

(iii) the consummation of a merger, consolidation, recapitalization, reorganization, sale or other disposition of all or
substantially all of the Company’s assets, a reverse stock split of outstanding voting securities, or the issuance of shares of stock of the Company in connection with the acquisition of the stock or assets of another entity; provided, however,
that a Change in Control shall not occur under this clause (iii) if consummation of the transaction would result in at least 

 
70% of the total voting power represented by the voting securities of the Company (or, if not the Company, the entity that succeeds to all or substantially all of the Company’s business)
outstanding immediately after such transaction being beneficially owned (within the meaning of Rule 13d-3 promulgated pursuant to the Exchange Act) by at least 75% of the holders of outstanding voting securities of the Company immediately prior to
the transaction, with the voting power of each such continuing holder relative to other such continuing holders not substantially altered in the transaction. 

(e) “Code” means the Internal Revenue Code of 1986, as amended from time to time. References to any provision of the
Code shall be deemed to include regulations thereunder and successor provisions and regulations thereto. 
 (f)
“Committee” means the committee appointed by the Board to administer the Plan, or if no committee is appointed, the Board. 

(g) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. References to any
provision of the Exchange Act shall be deemed to include rules thereunder and successor provisions and rules thereto. 
 (h)
“Fair Market Value” means, with respect to Stock, Awards, or other property, the fair market value of such Stock, Awards, or other property determined by such methods or procedures as shall be established from time to time by the
Committee; provided, however, that, if the Stock is listed on a national securities exchange, the Fair Market Value of such Stock on a given date shall be based upon the closing market price or, if unavailable, the average of the closing bid and
asked prices per share of the Stock at the end of regular trading on such date (or, if there was no trading or quotation in the Stock on such date, on the next preceding date on which there was trading or quotation) as provided by one of such
organizations. 
 (i) “ISO” means any Option intended to be and designated as an incentive stock option within the
meaning of Section 422 of the Code. 
 (j) “Parent” means any “person” (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act) that controls the Company on the Effective Date, either directly or indirectly through one or more intermediaries. 

(k) “Participant” means a person who, at a time when eligible under Section 5 hereof, has been granted an Award
under the Plan. 
 (l) “Rule 16b-3” means Rule 16b-3, as from time to time in effect and applicable to the Plan and
Participants, promulgated by the Securities and Exchange Commission under Section 16 of the Exchange Act, and shall be deemed to include any successor provisions thereto. 

(m) “Stock” means the Company’s Class A Common Stock, and such other securities as may be substituted for
Stock pursuant to Section 4(c). 
 (n) “Subsidiary” means each entity that is controlled by the Company or a
Parent, either directly or indirectly through one or more intermediaries. 
 3. Administration. 

(a) Authority of the Committee. Except as otherwise provided below, the Plan shall be administered by the Committee. The
Committee shall have full and final authority to take the following actions, in each case subject to and consistent with the provisions of the Plan: 

(i) to select persons to whom Awards may be granted 

(ii) to determine the type or types of Awards to be granted to each such person; 

(iii) to determine the number of Awards to be granted, the number of shares of Stock to which an Award will relate, the terms
and conditions of any Award granted under the Plan (including, without limitation, any exercise price, grant price or purchase price, any restriction or condition, any schedule for lapse of restrictions or conditions relating to transferability or
forfeiture, exercisability or settlement of an Award, and waivers or accelerations thereof, performance conditions relating to an Award (including, without limitation, performance conditions relating to Awards not intended to be governed by
Section 7(e) and waivers and modifications thereof), based in each case on such considerations as the Committee shall determine), and all other matters to be determined in connection with an Award; 

(iv) to determine whether, to what extent and under what circumstances an Award may be settled, or the exercise price of an
Award may be paid, in cash, Stock, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

(v) to determine whether, to what extent and under what circumstances cash, Stock, other Awards or other property payable with
respect to an Award will be deferred either automatically or at the election of the Committee or at the election of the Participant; 

 (vi) to determine the restrictions, if any, to which Stock received upon exercise
or settlement of an Award shall be subject (including, without limitation, lock-ups and other transfer restrictions), including, without limitation, conditioning the delivery of such Stock upon the execution by the Participant of any agreement
providing for such restrictions; 
 (vii) to prescribe the form of each Award Agreement, which need not be identical for each
Participant; 
 (viii) to adopt, amend, suspend, waive and rescind such rules and regulations and appoint such agents as the
Committee may deem necessary or advisable to administer the Plan; 
 (ix) to correct any defect or supply any omission or
reconcile any inconsistency in the Plan and to construe and interpret the Plan and any Award, rules and regulations, Award Agreement or other instrument hereunder; and 

(x) to make all other decisions and determinations as may be required under the terms of the Plan or as the Committee may deem
necessary or advisable for the administration of the Plan. 
 Other provisions of the Plan notwithstanding, the Board shall perform the functions of the
Committee for purposes of granting awards to directors who serve on the Committee, and, to the extent permitted under applicable law and regulation, the Board may perform any function of the Committee under the Plan for any other purpose, including
without limitation for the purpose of ensuring that transactions under the Plan by Participants who are then subject to Section 16 of the Exchange Act in respect of the Company are exempt under Rule 16b-3. In any case in which the Board is
performing a function of the Committee under the Plan, each reference to the Committee herein shall be deemed to refer to the Board, except where the context otherwise requires. 

(b) Manner of Exercise of Committee Authority. Any action of the Committee with respect to the Plan shall be taken in
its sole discretion and shall be final, conclusive and binding on all persons, including the Company, its Parent and Subsidiaries, Participants, any person claiming any rights under the Plan from or through any Participant and stockholders, except
to the extent the Committee may subsequently modify, or take further action not consistent with, its prior action. If not specified in the Plan, the time at which the Committee must or may make any determination shall be determined by the Committee,
and any such determination may thereafter be modified by the Committee (subject to Section 8(e)). The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any
power or authority of the Committee. Except as provided under Section 7(e), the Committee may delegate to officers or managers of the Company the authority, subject to such terms as the Committee shall determine, to perform such functions as
the Committee may determine, to the extent permitted under applicable law and regulation. 
 (c) Limitation of Liability;
Indemnification. Each member of the Committee and any officer or employee of the Company acting on behalf of the Committee shall be entitled to, in good faith, rely or act upon any report or other information furnished to him or her by any
officer or other employee of the Company, its Parent or Subsidiaries, the Company’s independent registered public accounting firm or any executive compensation consultant, legal counsel or other professional retained by the Company or the
Committee to assist in the administration of the Plan. No member of the Committee, or any officer or employee of the Company acting on behalf of the Committee, shall be personally liable for any action, determination or interpretation taken or made
in good faith with respect to the Plan, and all members of the Committee and any officer or employee of the Company acting on its behalf shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to any
such action, determination or interpretation. 
 4. Stock Subject to Plan. 

(a) Amount of Stock Reserved. The aggregate number of shares of Stock delivered pursuant to the exercise or settlement
of Awards granted under the Plan shall not exceed 350 million shares, subject to adjustment as provided in Section 4(c), all of which may be shares of Stock subject to ISOs. If an Award valued by reference to Stock is settled in cash, the
number of shares to which such Award relates shall be deemed to have been delivered for purposes of this Section 4(a). Any shares of Stock delivered pursuant to an Award may consist, in whole or in part, of authorized and unissued shares,
treasury shares or shares acquired in the market on a Participant’s behalf. 
 (b) Annual Per-Participant
Limitations. During any calendar year, no Participant may be granted Awards, including Options and SARS, that may be settled by delivery of more than 15 million shares of Stock, subject to adjustment as provided in Section 4(c). In
addition, with respect to Awards that may be settled solely in cash, no Participant may be paid during any calendar year cash amounts relating to such Awards that exceed the greater of the Fair Market Value of

 
the number of shares of Stock set forth in the preceding sentence at the date of grant or the date of settlement of Award. This provision sets forth two separate limitations, so that Awards that
may be settled solely by delivery of Stock will not operate to reduce the amount of cash-only Awards, and vice versa; nevertheless, Awards that may be settled in Stock or cash must not exceed either limitation. 

(c) Adjustments. In the event that the Committee shall determine that any recapitalization, forward or reverse split,
reorganization, merger, consolidation, spin-off, combination, repurchase or exchange of Stock or other securities, Stock dividend or other special, large and non-recurring dividend or distribution (whether in the form of cash, securities or other
property), liquidation, dissolution, or other similar corporate transaction or event, affects the Stock such that an adjustment is appropriate in order to prevent dilution or enlargement of the rights of Participants under the Plan, then the
Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and kind of shares of Stock reserved and available for Awards under Section 4(a), including shares reserved for ISOs, (ii) the number and
kind of shares of Stock specified in the Annual Per-Participant Limitations under Section 4(b), (iii) the number and kind of shares of outstanding Restricted Stock or other outstanding Awards in connection with which shares have been
issued, (iv) the number and kind of shares that may be issued in respect of other outstanding Awards and (v) the exercise price, grant price or purchase price relating to any Award (or, if deemed appropriate, the Committee may make
provision for a cash payment, including, without limitation, payment based upon the Award’s intrinsic (i.e., in-the-money) value, if any, with respect to any outstanding Award). In addition, the Committee shall make appropriate adjustments in
the terms and conditions of, and the criteria included in, Awards (including, without limitation, cancellation of unexercised or outstanding Awards, with or without the payment of any consideration therefor, substitution of Awards using stock of a
successor or other entity) in recognition of unusual or non-recurring events (including, without limitation, events described in the preceding sentence and events constituting a Change in Control) affecting the Company, its Parent or any Subsidiary
or the financial statements of the Company, its Parent or any Subsidiary, or in response to changes in applicable law, regulation, or accounting principles. 

(d) Repricing. As to any Award granted as an Option or an SAR, the Committee may not, without prior stockholder approval
to the extent required under applicable law, regulation or exchange rule, subsequently reduce the exercise or grant price relating to such Award, or take such other action as may be considered a repricing of such Award under generally accepted
accounting principles. 
 5. Eligibility. Directors, officers and employees of the Company or its Parent or any Subsidiary, and
persons who provide consulting or other services to the Company, its Parent or any Subsidiary deemed by the Committee to be of substantial value to the Company or its Parent or Subsidiaries, are eligible to be granted Awards under the Plan. In
addition, persons who have been offered employment by, or agreed to become a director of, the Company, its Parent or any Subsidiary, and persons employed by an entity that the Committee reasonably expects to become a Subsidiary of the Company, are
eligible to be granted an Award under the Plan. 
 6. Specific Terms of Awards. 

(a) General. Awards may be granted on the terms and conditions set forth in this Section 6. In addition, the
Committee may impose on any Award or the exercise or settlement thereof such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine, including, without limitation, terms and conditions
requiring forfeiture of Awards or of the cash, Stock, other Awards or other property received by the Participant in payment or settlement of Awards, in the event of termination of employment or service of the Participant, or in the case of the
Participant’s violation of Company policies, restrictions or other requirements. Except as expressly provided by the Committee (including for purposes of complying with the requirements of the Delaware General Corporation Law relating to lawful
consideration for the issuance of shares), no consideration other than services shall be required as consideration for the grant (but not the exercise or settlement) of any Award. 

(b) Options. The Committee is authorized to grant options to purchase Stock (including “reload” options
automatically granted to offset specified exercises of Options) on the following terms and conditions (“Options”): 

(i) Exercise Price. The exercise price of one share of Stock purchasable under an Option shall be determined by the
Committee; provided, however, that the price of one share of Stock which may be purchased upon the exercise of an Option shall not be less than 100% of the Fair Market Value of one share of Stock on the date of grant of such Option. 

(ii) Time and Method of Exercise. The Committee shall determine the time or times at which an Option may be exercised in
whole or in part, the methods by which such exercise price may be paid or deemed to be paid, the form of such payment, including, without limitation, cash, Stock, other Awards or other property (including notes or other contractual obligations of
Participants to make payment on a deferred basis, such as through “cashless exercise” arrangements, to the extent permitted under applicable law and regulation), and the methods by which Stock will be delivered or deemed to be delivered to
Participants. 

 (iii) Termination of Employment. The Committee shall determine the period,
if any, during which Options shall be exercisable following a Participant’s termination of his or her employment relationship with the Company, its Parent or any Subsidiary. Unless otherwise determined by the Committee, (A) during any
period that an Option is exercisable following termination of employment, it shall be exercisable only to the extent it was exercisable upon such termination of employment, and (B) if such termination of employment is for cause, as determined
by the Committee unless the Participant’s employment agreement otherwise defines cause (in which case, cause shall be determined in accordance with the employment agreement), all Options held by the Participant shall immediately terminate. 

(iv) Sale of the Company. Upon the consummation of any transaction whereby the Company (or any successor to the Company
or substantially all of its business) becomes a wholly owned subsidiary of any corporation, all Options outstanding under the Plan shall terminate (after taking into account any accelerated vesting pursuant to Section 7(f)), with or without the
payment of any consideration therefor, including, without limitation, payment of the intrinsic (i.e., in-the-money) value, if any, of such Options, as determined by the Committee pursuant to Section 4(c), unless such other corporation shall
continue or assume the Plan as it relates to Options then outstanding (in which case, such other corporation shall be treated as the Company for all purposes hereunder, and, pursuant to Section 4(c), the Committee shall make appropriate
adjustment in the number and kind of shares of Stock subject thereto and the exercise price per share thereof to reflect consummation of such transaction). If the Plan is not to be so assumed, the Company shall notify the Participant of consummation
of such transaction at least ten days in advance thereof. 
 (v) Options Providing Favorable Tax Treatment. The
Committee may grant Options that may afford a Participant with favorable treatment under the tax laws applicable to such Participant, including, without limitation, ISOs. If Stock acquired by exercise of an ISO is sold or otherwise disposed of
within two years after the date of grant of the ISO or within one year after the transfer of such Stock to the Participant, the holder of the Stock immediately prior to the disposition shall promptly notify the Company in writing of the date and
terms of the disposition and shall provide such other information regarding the disposition as the Company may reasonably require in order to secure any deduction then available against the Company’s or any other corporation’s taxable
income. The Company may impose such procedures as it determines necessary or advisable to ensure that such notification is made. Each Option granted as an ISO shall be designated as such in the Award Agreement relating to such Option. 

(c) Stock Appreciation Rights. The Committee is authorized to grant stock appreciation rights on the following terms and
conditions (“SARs”): 
 (i) Right to Payment. An SAR shall confer on the Participant to whom it is granted a
right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share of Stock on the date of exercise (or, if the Committee shall so determine in the case of any such right other than one related to an ISO, the Fair
Market Value of one share at any time during a specified period before or after the date of exercise), over (B) the grant price of the SAR as determined by the Committee as of the date of grant of the SAR, which shall be not less than 100% of
the Fair Market Value of one share of Stock on the date of grant. 
 (ii) Other Terms. The Committee shall determine
the time or times at which an SAR may be exercised in whole or in part, the method of exercise, method of settlement, form of consideration payable in settlement, method by which Stock will be delivered or deemed to be delivered to Participants,
whether or not an SAR shall be in tandem with any other Award, and any other terms and conditions of any SAR. “Limited SARs” that may only be exercised upon the occurrence of a Change in Control may be granted on such terms, not
inconsistent with this Section 6(c), as the Committee may determine. Limited SARs may be either freestanding or in tandem with other Awards. 

(d) Restricted Stock. The Committee is authorized to grant Stock that is subject to restrictions based on continued
employment on the following terms and conditions (“Restricted Stock”): 
 (i) Grant and Restrictions.
Restricted Stock shall be subject to such restrictions on transferability and other restrictions, if any, as the Committee may impose, which restrictions may lapse separately or in combination at such times, under such circumstances, in such
installments, or otherwise, as the Committee may determine. Except to the extent restricted under the terms of the Plan and any Award Agreement relating to the Restricted Stock, a Participant granted Restricted Stock shall have all of the rights of
a stockholder, including, without limitation, the right to vote Restricted Stock or the right to receive dividends thereon. 

(ii) Forfeiture. Except as otherwise determined by the Committee, upon termination of employment or service (as
determined under criteria established by the Committee) during the applicable restriction period, Restricted Stock that is 

 
at that time subject to restrictions shall be forfeited and reacquired by the Company; provided, however, that the Committee may provide, by rule or regulation or in any Award Agreement, or may
determine in any individual case, that restrictions or forfeiture conditions relating to Restricted Stock will be waived in whole or in part in the event of termination resulting from specified causes. 

(iii) Certificates for Stock. Restricted Stock granted under the Plan may be evidenced in such manner as the Committee
shall determine. If certificates representing Restricted Stock are registered in the name of the Participant, such certificates may bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock,
and the Company may retain physical possession of the certificate, in which case the Participant shall be required to have delivered a stock power to the Company, endorsed in blank, relating to the Restricted Stock. 

(iv) Dividends. Dividends paid on Restricted Stock shall be either paid at the dividend payment date in cash or in
shares of unrestricted Stock having a Fair Market Value equal to the amount of such dividends, or the payment of such dividends shall be deferred and/or the amount or value thereof automatically reinvested in additional Restricted Stock, other
Awards, or other investment vehicles, as the Committee shall determine or permit the Participant to elect. Stock distributed in connection with a Stock split or Stock dividend, and other property distributed as a dividend, shall be subject to
restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such Stock or other property has been distributed, unless otherwise determined by the Committee. 

(e) Deferred Stock. The Committee is authorized to grant units representing the right to receive Stock at a future date
subject to the following terms and conditions (“Deferred Stock”): 
 (i) Award and Restrictions. Delivery of
Stock shall occur upon expiration of the deferral period specified for an Award of Deferred Stock by the Committee (or, if permitted by the Committee, as elected by the Participant). In addition, Deferred Stock shall be subject to such restrictions
as the Committee may impose, if any, which restrictions may lapse at the expiration of the deferral period or at earlier specified times, separately or in combination, in installments or otherwise, as the Committee may determine. 

(ii) Forfeiture. Except as otherwise determined by the Committee, upon termination of employment or service (as
determined under criteria established by the Committee) during the applicable deferral period or portion thereof to which forfeiture conditions apply (as provided in the Award Agreement evidencing the Deferred Stock), all Deferred Stock that is at
that time subject to such forfeiture conditions shall be forfeited; provided, however, that the Committee may provide, by rule or regulation or in any Award Agreement, or may determine in any individual case, that restrictions or forfeiture
conditions relating to Deferred Stock will be waived in whole or in part in the event of termination resulting from specified causes. 

(f) Bonus Stock and Awards in Lieu of Cash Obligations. The Committee is authorized to grant Stock as a bonus, or to
grant Stock or other Awards in lieu of Company obligations to pay cash under other plans or compensatory arrangements. 

(g) Dividend Equivalents. The Committee is authorized to grant awards entitling the Participant to receive cash, Stock,
other Awards or other property equal in value to dividends paid with respect to a specified number of shares of Stock (“Dividend Equivalents”). Dividend Equivalents may be awarded on a free-standing basis or in connection with any other
Award. The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock, Awards or other investment vehicles, and be subject to such restrictions on
transferability and risks of forfeiture, as the Committee may specify. Dividend Equivalents may be paid, distributed or accrued in connection with any Award, whether or not vested. 

(h) Other Stock-Based Awards. The Committee is authorized, subject to limitations under applicable law and regulation,
to grant such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Stock and factors that may influence the value of Stock, as deemed by the Committee to be consistent
with the purposes of the Plan, including, without limitation, convertible or exchangeable debt securities, other rights convertible or exchangeable into Stock, purchase rights for Stock, Awards with value and payment contingent upon performance of
the Company or any other factors designated by the Committee, and Awards valued by reference to the book value of Stock or the value of securities of or the performance of specified Subsidiaries (“Other Stock-Based Awards”). An award
granted under the BGC Holdings, L.P. Participation Plan that involves a limited partnership interest in BGC Holdings, L.P. that is exchangeable for or otherwise represents a right to acquire Stock in accordance with Section 4.5 of that plan
shall also constitute an Other Stock-Based Award within the meaning of this Section 6(h). In addition, Awards granted to provide shares of Stock issuable upon the exchange of exchangeable compensatory BGC Holdings, L.P. founding partner
interests shall constitute Other Stock-Based Awards within the meaning of this Section 6(h). The Committee shall determine the terms and conditions of Other Stock-Based Awards. 

 
Stock issued pursuant to such an Award in the nature of a purchase right granted under this Section 6(h) shall be purchased for such consideration, paid for at such times, by such methods,
and in such forms, including, without limitation, cash, Stock, other Awards, or other property, as the Committee shall determine. Cash awards, as an element of or supplement to any other Award under the Plan, may be granted pursuant to this
Section 6(h). 
 7. Certain Provisions Applicable to Awards. 

(a) Stand-Alone, Additional, Tandem, and Substitute Awards. Awards granted under the Plan may, as determined by the
Committee, be granted either alone or in addition to, in tandem with or in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company, its Parent or Subsidiaries or any business entity to be
acquired by the Company or a Subsidiary, or any other right of a Participant to receive payment from the Company, its Parent or Subsidiaries. Awards granted in addition to or in tandem with other Awards, awards or rights may be granted either as of
the same time as or a different time from the grant of such other Awards, awards or rights. 
 (b) Term of Awards. The
term of each Award shall be for such period as may be determined by the Committee; provided, however, that in no event shall the term of any ISO or SAR granted in tandem therewith exceed a period of ten years from the date of its grant (or such
shorter period as may be applicable under Section 422 of the Code). 
 (c) Form of Payment Under Awards. Subject
to the terms of the Plan and any applicable Award Agreement, payments to be made by the Company, its Parent or Subsidiaries upon the grant, exercise or settlement of an Award may be made in such forms as the Committee shall determine, including,
without limitation, cash, Stock, other Awards or other property, and may be made in a single payment or transfer, in installments or on a deferred basis. Such payments may include, without limitation, provisions for the payment or crediting of
reasonable interest on installment or deferred payments or the grant or crediting of Dividend Equivalents in respect of installment or deferred payments denominated in Stock. 

(d) Loans in Connection with an Award. The Company may not, in connection with any Award, extend, maintain, renew,
guarantee or arrange for credit in the form of a personal loan to any Participant who is a director or executive officer of the Company (within the meaning of the Exchange Act); provided, however, that, with the consent of the Committee, and subject
at all times to, and only to the extent, if any, permitted under applicable law and regulation and other binding obligations or provisions applicable to the Company, the Company may extend, maintain, renew, guarantee or arrange for credit in the
form of a personal loan to a Participant who is not such a director or executive officer in connection with any Award, including the payment by such Participant of any or all federal, state or local income or other taxes due in connection with any
Award. Subject to such limitations, the Committee shall have full authority to decide whether to make a loan hereunder and to determine the amount, terms and provisions of any such loan, including, without limitation, the interest rate to be charged
in respect of any such loan, whether the loan is to be with or without recourse against the borrower, the terms on which the loan is to be repaid and the conditions, if any, under which the loan may be forgiven. 

(e) Performance-Based Awards. 

(i) Setting of Performance Objectives. The Committee may designate any Award, the grant, exercisability or settlement of
which is subject to the achievement of performance conditions, as a performance-based Award subject to this Section 7(e), in order to qualify such Award as “qualified performance-based compensation” within the meaning of
Section 162(m) of the Code. The performance objectives for an Award subject to this Section 7(e) shall consist of one or more business criteria and a targeted level or levels of performance with respect to such criteria, as specified by
the Committee but subject to this Section 7(e). Performance objectives shall be objective and shall otherwise meet the requirements of Section 162(m)(4)(C) of the Code. Business criteria used by the Committee in establishing performance
objectives for Awards subject to this Section 7(e) shall be based exclusively on one or more of the following corporate-wide or subsidiary, division or operating unit financial and strategic measures: 

(i) pre-tax or after-tax net income, 

(ii) pre-tax or after-tax operating income, 

(iii) gross revenue, 

(iv) profit margin, 

(v) stock price, 

(vi) cash flow(s), 

(vii) market share, 

 (viii) pre-tax or after-tax earnings per share, 

(ix) pre-tax or after-tax operating earnings per share, 

(x) expenses, 

(xi) return on equity, or 

(xii) strategic business criteria, consisting of one or more objectives based on meeting specified revenue, market
penetration, or geographic business expansion goals, cost targets, or goals relating to acquisitions or dispositions. 
 The levels of
performance required with respect to such business criteria may be expressed on an absolute and/or relative basis, may be based on or otherwise employ comparisons based on current internal targets, the past performance of the Company (including the
performance of one or more subsidiaries, divisions and/or operating units) and/or the past or current performance of other companies, and in the case of earnings-based measures, may use or employ comparisons relating to capital (including, without
limitation, the cost of capital), stockholders’ equity and/or shares outstanding, or to assets or net assets. Performance objectives may differ for such Awards to different Participants. The Committee shall specify the weighting to be given to
each performance objective for purposes of determining the final amount payable with respect to any such Award. The Committee may, in its discretion, reduce the amount of a payout otherwise to be made in connection with an Award subject to this
Section 7(e), but may not exercise discretion to increase such amount, and the Committee may consider other performance criteria in exercising such discretion. The Committee may not delegate any responsibility with respect to an Award subject
to this Section 7(e). 
 (ii) Impact of Extraordinary Items or Changes in Accounting. To the extent applicable,
the measures used in setting performance objectives for any given performance period shall be determined in accordance with generally accepted accounting principles (“GAAP”) in a manner consistent with the methods used in the
Company’s audited financial statements, without regard to (i) extraordinary items as determined by the Company’s independent registered public accounting firm in accordance with GAAP, (ii) changes in accounting, unless, in each
case, the Committee decides otherwise within the period described in Treas. Reg. Sec. 1.162-27(e)(2) (as may be amended from time to time) for a given performance period, or (iii) non-recurring acquisition expenses and restructuring
charges. Notwithstanding the foregoing, in calculating operating earnings or operating income (including on a per share basis), the Committee may, within the period described in Treas. Reg. Sec. 1.162-27(e)(2) (as may be amended from time to time)
for a given performance period, provide that such calculation shall be made on the same basis as reflected in a release of the Company’s earnings for a previously completed period as specified by the Committee. 

(f) Acceleration Upon a Change of Control. Notwithstanding anything contained herein to the contrary, except as set
forth in an Award Agreement, all conditions and/or restrictions relating to the continued performance of services and/or the achievement of performance objectives with respect to the exercisability or full enjoyment of an Award shall accelerate or
otherwise lapse immediately prior to a Change in Control. 
 8. General Provisions. 

(a) Issuance of Stock; Compliance with Laws and Obligations. The Company shall not be obligated to issue or deliver
Stock in connection with any Award or take any other action under the Plan in a transaction subject to the requirements of any applicable federal or state securities law, any requirement under any listing agreement between the Company and any
national securities exchange or any other law, regulation or contractual obligation of the Company until the Company is satisfied that such laws, requirements, regulations, and other obligations of the Company have been complied with in full.
Certificates representing shares of Stock issued under the Plan will be subject to such stop-transfer orders and other restrictions as may be applicable under such laws, requirements, regulations and other obligations of the Company, including any
requirement that a legend or legends be placed thereon. 
 (b) Limitations on Transferability. Awards and other rights
under the Plan shall not be transferable by a Participant except by will or the laws of descent and distribution or to a Beneficiary in the event of the Participant’s death, shall not be pledged, mortgaged, hypothecated or otherwise encumbered,
or otherwise subject to the claims of creditors, and, in the case of ISOs and SARs in tandem therewith, shall be exercisable during the lifetime of a Participant only by such Participant or his guardian or legal representative; provided, however,
that such Awards and other rights (other than ISOs and SARs in tandem therewith) may be transferred to one or more transferees during the lifetime of the Participant to the extent and on such terms and conditions as then may be permitted by the
Committee. A Beneficiary, transferee, or other person claiming any rights under the Plan from or through any Participant shall be subject to all of the terms and conditions of the Plan and any Award Agreement applicable to such Participant, except
as otherwise determined by the Committee, and to any additional terms and conditions determined by the Committee, whether imposed at or subsequent to the grant or transfer of the Award. 

 (c) No Right to Continued Employment or Service. Neither the Plan nor any
action taken hereunder shall be construed as giving any employee, director or other person the right to be retained in the employ or service of the Company, its Parent or any Subsidiary, nor shall it interfere in any way with the right of the
Company, its Parent or any Subsidiary to terminate any employee’s employment or other person’s service at any time or with the right of the Board or stockholders to remove any director. Unless otherwise specified in the applicable Award
Agreement, (i) an approved leave of absence shall not be considered a termination of employment or service for purposes of an Award, and (ii) any Participant who is employed by or performs services for a Parent or a Subsidiary shall be
considered to have terminated employment or service for purposes of an Award if such Parent or Subsidiary no longer qualifies as a Parent or Subsidiary, unless such Participant remains employed by the Company, a Parent, or a Subsidiary. 

(d) Taxes. The Company, its Parent and Subsidiaries are authorized to withhold from any delivery of Stock in connection
with an Award, any other payment relating to an Award or any payroll or other payment to a Participant amounts of withholding and other taxes due or potentially payable in connection with any transaction involving an Award, and to take such other
action as the Committee may deem necessary or advisable to enable the Company, its Parent and Subsidiaries and Participants to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any Award. This authority
shall include authority to withhold or receive Stock or other property and to make cash payments in respect thereof in satisfaction of a Participant’s tax obligations. 

(e) Changes to the Plan and Awards. The Board may amend, alter, suspend, discontinue or terminate the Plan or the
Committee’s authority to grant Awards under the Plan without the consent of stockholders or Participants, except that any such action shall be subject to the approval of the Company’s stockholders at or before the next annual meeting of
stockholders for which the record date is after such Board action if such stockholder approval is required by any federal or state law or regulation or the applicable rules of any stock exchange, and the Board may otherwise determine to submit other
such changes to the Plan to stockholders for approval; provided, however, that, without the consent of an affected Participant, no such action may materially impair the rights of such Participant under any Award theretofore granted to him or her (as
such rights are set forth in the Plan and the Award Agreement). The Committee may waive any conditions or rights under, or amend, alter, suspend, discontinue, or terminate, any Award theretofore granted and any Award Agreement relating thereto;
provided, however, that, without the consent of an affected Participant, no such action may materially impair the rights of such Participant under such Award (as such rights are set forth in the Plan and the Award Agreement). Notwithstanding the
foregoing, the Board or the Committee may take any action, including, without limitation, actions affecting or terminating outstanding Awards if and to the extent permitted by the Plan or applicable Award Agreement. The Board or the Committee shall
also have the authority to establish separate sub-plans under the Plan with respect to Participants resident in a particular jurisdiction (the terms of which shall not be inconsistent with those of the Plan) if necessary or advisable to comply with
applicable law or regulation of such jurisdiction. 
 (f) No Rights to Awards; No Stockholder Rights. No person shall
have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Participants. No Award shall confer on any Participant any of the rights of a stockholder of the Company unless and until Stock is duly
issued or transferred and delivered to the Participant in accordance with the terms of the Award or, in the case of an Option, the Option is duly exercised. 

(g) Unfunded Status of Awards; Creation of Trusts. The Plan is intended to constitute an “unfunded” plan for
incentive and deferred compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award shall give any such Participant any rights that are greater than those of a general
creditor of the Company; provided, however, that the Committee may authorize the creation of trusts or make other arrangements to meet the Company’s obligations under the Plan to deliver cash, Stock, other Awards, or other property pursuant to
any Award, which trusts or other arrangements shall be consistent with the “unfunded” status of the Plan unless the Committee otherwise determines with the consent of each affected Participant. 

(h) Non-exclusivity of the Plan. Neither the adoption of the Plan by the Board nor any submission of the Plan or
amendments thereto to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board or the Committee to adopt such other compensatory arrangements as it may deem necessary or advisable,
including, without limitation, the granting of stock options otherwise than under the Plan, and such arrangements may be either applicable generally or only in specific cases. 

(i) No Fractional Shares. No fractional shares of Stock shall be issued or delivered pursuant to the Plan or any Award.
The Committee shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated. 

 (j) Compliance with Law and Regulation. It is the intent of the Company
that employee Options, SARs and other Awards designated as Awards subject to Section 7(e) shall constitute “qualified performance-based compensation” within the meaning of Section 162(m) of the Code. Accordingly, if any provision
of the Plan or any Award Agreement relating to such an Award does not comply or is inconsistent with the requirements of Section 162(m) of the Code, such provision shall be construed or deemed amended to the extent necessary to conform to such
requirements, and no provision shall be deemed to confer upon the Committee or any other person discretion to increase the amount of compensation otherwise payable in connection with any such Award upon attainment of the performance objectives. With
respect to persons subject to Section 16 of the Exchange Act, it is the intent of the Company that the Plan and all transactions under the Plan comply with applicable provisions of Rule 16b-3. In addition, it is the intent of the Company that
ISOs comply with applicable provisions of Section 422 of the Code, and that, to the extent applicable, Awards comply with the requirements of Sections 409A and 280G of the Code or an exception from such requirements. The Committee may revoke
any Award if it is contrary to law or regulation or modify an Award to bring it into compliance with any applicable law or regulation. 

(k) Governing Law. The validity, construction and effect of the Plan, any rules and regulations relating to the Plan and
any Award Agreement shall be determined in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of laws, and applicable federal law. 

(l) Plan Termination. The Plan shall continue in effect until terminated by the Board.

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