Document:

EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT AND GENERAL RELEASE 

THIS SEPARATION AGREEMENT AND GENERAL RELEASE (this “Agreement”) is effective May 31, 2019 and
entered into by and between Paul Rainey (“Employee”) and Global Eagle Entertainment Inc., a Delaware corporation (the “Company”). Together, Employee and the Company shall be referred to, individually,
as a “party,” and, collectively, as the “parties.” Employee shall execute and deliver this Agreement no earlier than the Termination Date (as defined below) and no later than the twenty-first (21st) day after Employee’s receipt of this Agreement. 
 RECITALS 

A. Employee has served as an employee of the Company or one of its affiliates. 

B. On May 13, 2019, Employee delivered notice of his resignation as Chief Financial Officer of the Company, effective
May 16, 2019, following which Employee will remain a non-executive employee of the Company until May 31, 2019. 

C. On May 31, 2019 (the “Termination Date”), Employee’s employment by the Company will end
and Employee will receive all wages, salary, commissions and other benefits owed to Employee by the Company through that date, other than the Termination Benefits (as defined below) expressly set forth herein. 

D. The parties desire the full, amicable and final resolution of any and all claims that either party may have or claim to have
against the other, on the conditions set forth herein. 
 AGREEMENT 

NOW, THEREFORE, for good and valuable consideration, the adequacy and receipt of which are hereby expressly acknowledged, each
of the parties hereto, intending to be legally bound, agrees as follows: 
 1. No Admission of Liability. This
Agreement, and performance of the acts required by it, do not constitute an admission of liability, culpability, negligence, or wrongdoing on the part of anyone, and will not be construed for any purpose as an admission of liability, culpability,
negligence, or wrongdoing by the Company or any of the Company Released Parties (as defined below). 
 2. Accrued
Amounts. Regardless of whether Employee enters into this Agreement: 
 a. The Company shall pay Employee
within 10 days after the Termination Date (or otherwise in accordance with applicable law): (i) Employee’s base salary accrued and due to Employee for the last paycheck through the Termination Date, less applicable tax withholding, and
(ii) an amount for reimbursement of reimbursable business expenses incurred by Employee through the Termination Date, in accordance with the Company’s applicable expense reimbursement policies. 

 b. Following the Termination Date, Employee and
Employee’s eligible dependents shall be eligible for continued coverage under the group health plans provided to employees of the Company in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985
(“COBRA”), subject to the terms and conditions thereof. 
 3. Termination Benefits.
Employee’s resignation shall be considered a Qualifying Termination under the Executive Severance Plan (defined below) entitling him to the corresponding payments and benefits thereunder. In consideration for Employee’s promises, covenants
and agreements in this Agreement, beginning after the Effective Date of this Agreement (as described below), Employee shall be entitled to the following compensation and benefits and no other (collectively, “Termination
Benefits”): 
 a. A payment equal to $384,375.00 as provided by the Company’s Change in
Control and Severance Plan for Senior Management (the “Executive Severance Plan”), which amount will be paid in one lump sum, less applicable tax withholdings. 

b. A prorated portion of Employee’s annual cash bonus for the current fiscal year shall be calculated and
determined according to Section 5.1(d) of the Executive Severance Plan. In calculating the bonus, Employee shall be treated in a manner comparable to and not less favorable than other senior executives at the Company. 

c. Subject to Employee’s timely election of continued health insurance coverage under COBRA and solely to
the extent permitted by the terms of the Company’s health plans and applicable law, payment by the Company of an amount equal to the full premiums for participation in COBRA with continued coverage equivalent to Company’s health plans and
programs, less the amount contributed by Employee for spouse and dependent coverage while employed by Company, to the same extent of Employee’s and his or her eligible dependents’ participation under such health plans as of immediately
prior to the Termination Date, until the earlier of (x) twelve (12) months from the Termination Date or (y) Employee otherwise becomes ineligible for COBRA. 

d. Following the Effective Date of this Agreement (as described below) Employee shall be provided with six
(6) months of outplacement services by Lee Hecht Harrison or another third party selected by the Company. 
 4.
Treatment of Equity. 
 a. All vested stock options of the Company that Employee holds as of the
Termination Date shall remain outstanding and eligible for exercise as provided in the underlying written equity award agreement(s) between the Company and Employee. 

b. Employee agrees that all unvested Company equity held by Employee (restricted stock units, stock
appreciation rights, options and otherwise) shall vest and shall remain eligible for exercise according to Section 5.1(h) or Section 5.2(e) of the Executive Severance Plan, as applicable. 

  
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 5. Sole and Exclusive Benefits. Employee agrees and acknowledges that
upon satisfaction of the payments in Sections 2 and 3, the Company shall have fully satisfied all obligations to Employee in respect of Employee’s employment and termination of such employment, and that such payments and benefits are in full,
final and complete settlement of all claims set forth in Section 6 below that Employee may have, as of the date hereof, against the Company and each of its current, former, and future parent corporations, subsidiaries, affiliates, predecessor
entities, employee benefit plans, and related past, present and future entities or corporations, and their past and present officers, directors, shareholders, employees, creditors, insurers, fiduciaries, agents, partners, attorneys, representatives,
promoters, heirs, predecessors, successors, and assigns (each a “Company Released Party”). 
 6.
Release of Claims. In consideration for the Termination Benefits, Employee, for Employee and Employee’s heirs, successors and assigns, does hereby waive, release, acquit and forever discharge each Company Released Party, from any and all
claims, actions, charges, complaints, grievances and causes of action (hereinafter collectively referred to as “Employee Claims”), of whatever nature, whether known or unknown, which exist or may exist on Employee’s
behalf against each Company Released Party as of the date of this Agreement, including but not limited to any and all Employee Claims arising out of or relating to the offer of employment to Employee dated April 7, 2017 (the
“Employment Agreement”), Employee’s employment with the Company or the termination of that employment. Employee understands and agrees that Employee is waiving any and all rights Employee may have had, now has, or in the
future may have, to pursue any and all remedies available to Employee under any employment-related cause of action, including without limitation, any and all claims under the Employment Agreement, tort claims, contract claims, fiduciary duty claims,
wage claims, bonus claims, commission claims, wrongful termination claims, public policy claims, retaliation claims, statutory claims, California Labor Code claims, personal injury claims, emotional distress claims, invasion of privacy claims,
defamation claims, fraud claims, quantum meruit claims, and any and all claims arising under any federal, state or other governmental statute, law, regulation or ordinance covering employment, conditions of employment (including wage and hour
laws) and/or discrimination in employment, including but not limited to, all as amended, the United States Constitution, the Constitution of the State of California, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act
of 1967 (the “ADEA”), the Americans with Disabilities Act of 1990, the Employee Retirement Income Security Act of 1974, the Worker Adjustment and Retraining Notification Act, the Older Workers Benefit Protection Act, the
Family and Medical Leave Act, all relevant state and local employment, whistleblower, human rights, labor and wage laws, including but not limited to the California Family Rights Act and the California Fair Employment and Housing Act, including
those based on race, color, religious creed, national origin, ancestry, physical or mental disability, medical condition, family care leave, marital status, sex, sexual orientation, age and any harassment or retaliation. Notwithstanding the
foregoing, Employee is not hereby releasing the Company from any of the following claims (collectively, the “Excluded Claims”): (a) any rights or claims for indemnification Employee may have pursuant to any written
indemnification agreement with the Company to which Employee is a party, the charter or bylaws of the Company, or under applicable law; (b) any rights which cannot be waived as a matter of law (including any right to file a charge or complaint
with or to participate in any investigation or proceeding conducted by the U.S. Equal Employment Opportunity Commission or a comparable state or local agency, the Securities and Exchange Commission, the Financial Industry Regulatory Authority or any
other self-regulatory organization or governmental entity to the extent required by law); or (c) any claims arising from 

  
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the breach of this Agreement. Employee hereby represents and warrants that, other than the Excluded Claims, Employee is not aware of any claims Employee has or might have against any Company
Released Party. 
 7. Waiver of Unknown Claims. Employee acknowledges that Employee may hereafter discover claims or
facts in addition to or different from those that Employee now knows or believes to exist with respect to the subject matter of the releases contained in this Agreement and which, if known or suspected at the time of executing this Agreement, might
have materially affected Employee’s release or decision to enter into this Agreement. Nevertheless, Employee waives any right, claim, or cause of action that might arise as a result of such different or additional claims or facts. In
particular, and without limiting the foregoing, the parties acknowledge that they have read and understand Section 1542 of the California Civil Code, which reads as follows: 

“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of
executing the release which if known by him or her must have materially affected his or her settlement with the debtor.” 
 The
parties hereby expressly waive and relinquish all rights and benefits under that provision of California law and any law of any jurisdiction of similar effect with respect to their release of any claims hereunder. Employee agrees that the release of
claims set forth in this Agreement shall be and remain in effect in all respects a complete general release as to the matters released. 

8. Acknowledgement of Waiver of Claims under ADEA. Employee acknowledges that Employee is waiving and releasing any
rights Employee may have under the ADEA and that this Agreement is knowing and voluntary. Employee acknowledges that the consideration given for this Agreement and the general release set forth herein is in addition to anything of value to which
Employee was already entitled. Employee further acknowledges that Employee has been advised by this writing that: 

a. Employee should consult with an attorney prior to executing this Agreement; 

b. Employee has twenty-one (21) days within which to consider this
Agreement and seven (7) days following Employee’s execution of this Agreement to revoke it as set forth in Section 21; 

c. This Agreement shall not be effective until the revocation period has expired; and 

d. Nothing in this Agreement precludes Employee from challenging or seeking a determination in good faith of
the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs for doing so, unless specifically authorized by federal law. 

9. Return of Company Property. As a condition of receiving the benefits set forth in this Agreement, Employee will
return to the Company upon or before execution of this Agreement any property of the Company in Employee’s possession, custody or control, including, 

  
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but not limited to, files, identification cards, computers, data storage devices, passwords and office keys. 

10. Confidentiality and Proprietary Information. Employee acknowledges that due to the position Employee has occupied
and the responsibilities Employee has had at Company, Employee has received confidential information concerning the Company’s and its affiliates’ procedures, technologies, strategies, employees, customers, vendors, contractors,
subcontractors, sales, prices and contracts and other proprietary information. Employee acknowledges and agrees that all such information, together with any other information learned by Employee during Employee’s tenure (whether as an employee,
consultant or otherwise) at the Company (whether oral or written, and including any information learned at any of the Company’s predecessor or acquired companies), shall remain confidential, and Employee may not disclose that information to any
other person without the Company’s express prior written consent other than (x) as required by law or (y) as otherwise set forth in this Section 10. Employee further understands and agrees that this Agreement, and the matters
discussed in negotiating its terms, are entirely confidential, and Employee shall not reveal, discuss, publish or in any way communicate any of the terms, amount or fact of this Agreement to any person, organization or other entity, except to
Employee’s immediate family members and professional representatives, all of whom shall be informed of and agree to be bound by this confidentiality clause (unless already bound by an equivalent obligation of confidentiality) before any such
disclosure. Notwithstanding this Section 10 or anything else to the contrary in this Agreement, any confidentiality or non-disclosure provision does not prohibit or restrict Employee from responding to
any inquiry about this Agreement or its underlying facts and circumstances by the Securities and Exchange Commission, the Financial Industry Regulatory Authority or any other self-regulatory organization or governmental entity. Employee understands
and acknowledges that Employee does not need the prior authorization of the Company to make any such reports or disclosures and that Employee is not required to notify the Company that Employee has made such reports or disclosures. For the avoidance
of doubt, Employee’s confidentiality and invention ownership and assignment obligations to which Employee was subject during Employee’s employment with the Company are in addition to your confidentiality obligations in this Section 10
and shall survive indefinitely following Employee’s termination of employment in accordance with their terms, including those obligations set forth in Employee’s Employment Agreement and as imposed upon Employee pursuant to Company
policies and Employee’s fiduciary duties. 
 11. Restrictive Covenants. Employee shall abide by the terms and
conditions of the Employee Statement & Agreements Regarding Confidentiality, Proprietary Information, Invention Assignment, and Non-Solicitation (the “Restrictive Covenant
Agreement”) set forth in Section 2 of Attachment A to the Employment Agreement and the Restrictive Conditions set forth in Exhibit B to the Executive Severance Plan. As provided by Section 7 of the Executive Severance Plan,
upon completion of the twelve (12) month “Restricted Period,” Employee shall certify to the Company in writing that he has complied with the restrictive conditions set forth in Exhibit B to the Executive Severance Plan. If, at the
time of enforcement of any of the provisions of this Section 11, a court holds that the restrictions stated herein are unreasonable under the circumstances then existing, Employee agrees that the maximum period, scope or geographical area
reasonable under such circumstances will be substituted for the stated period, scope or area. 
 12. Mutual Non-Disparagement. Employee will not in any way, either directly or indirectly, make, publish or otherwise communicate any untrue, negative, harmful, misleading,

  
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disparaging or derogatory statements or remarks, whether in writing, verbally, by conduct or otherwise, about the Company or any other Company Released Party (or any of their respective
employees, officers, directors, or agents); provided that nothing in this Section 12 or Agreement is intended to or should be construed to prevent Employee from fully and truthfully responding to a subpoena or other legal process or request by
a governmental or regulatory body, testifying fully and truthfully in any action, proceeding or regulatory matter or otherwise reporting in good faith possible violations of law or regulations to any governmental agency or governmental entity or
making disclosures that are protected under whistleblower or other provisions of law. Company will not in any way, either directly or indirectly, make, publish or otherwise communicate any untrue, negative, harmful, misleading, disparaging or
derogatory statements or remarks, whether in writing, verbally, by conduct or otherwise, about Employee. 
 13.
Cooperation in Litigation. Employee shall (i) provide reasonable assistance and cooperation to the Company in activities related to the prosecution or defense of any pending or future lawsuits, arbitrations, and other proceedings or
claims involving the Company (“Company Litigation”); (ii) make Employee available to the Company on reasonable notice and without the need for issuance of any subpoena or similar process to testify in any Company Litigation;
and (iii) if required by legal process to provide sworn testimony in any Company Litigation, consult with and permit Company-designated legal counsel to be present for such testimony, the costs of such designated counsel to be solely the
responsibility of the Company. If sworn testimony of the Employee is required by legal process in any Company Litigation, Employee shall confine Employee’s testimony to items about which Employee has knowledge, rather than speculation or
opinion testimony, unless otherwise directed by legal process. Company shall continue to indemnify and defend Employee for all claims arising from or related to Employee’s work in accordance with the Indemnity Agreement, dated April 9,
2017, between Company and Employee, Article VIII of the Amended and Restated By-Laws of the Company (Adopted September 20, 2016), and/or Company’s applicable D&O Insurance Policy in accordance
with the terms of such policy. 
 14. Voluntary Execution. Employee hereby acknowledges that Employee has read and
understands this Agreement and that Employee signs this Agreement voluntarily and without coercion. Employee further acknowledges that Employee has been advised by the Company to obtain independent legal advice regarding the matters contained in
this Agreement. Employee further acknowledges that the waivers Employee has made in this Agreement are knowing, conscious and voluntary and are made with full appreciation that Employee is forever foreclosed from pursuing any of the rights waived.

 15. Severability.    If any provision of the general release given by Employee under this
Agreement is found to be unenforceable or illegal, it will not affect the enforceability of the remaining provisions and the courts may enforce all remaining provisions to the extent permitted by law. 

16. Successors and Assigns. This Agreement shall be binding upon the parties’ respective representatives, heirs,
executors, administrators, successors and assigns, and inures to the benefit of each of the Company’s current, former, and future corporate parents, subsidiaries, related entities, affiliates, employee benefit plans, and related entities or
corporations and their past and present officers, directors, shareholders, creditors, fiduciaries, agents, employees, partners, attorneys, representatives, promoters, heirs, predecessors, successors, and assigns. 

  
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 17. Integration. This Agreement (including the Recitals hereto)
constitutes a single, integrated, written contract setting forth the entire agreement between the parties, and supersedes any and all prior agreements or understandings, whether written or oral, between the parties regarding its subject matter
(including any severance and termination benefits provided for in any employment or offer letters or other arrangements with the Company and in any policies promulgated by the Company (formally or informally), as well as in any incentive
compensation agreements with or programs sponsored by the Company (formally or informally)). This Agreement can be amended or modified only by a written agreement, signed by all of the parties hereto. 

18. Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of
California, without giving effect to any choice of law or conflicting provision or rule that would cause the laws of any jurisdiction other than the State of California to be applied. 

19. Waiver of Jury Trial. Each party hereto hereby irrevocably waives all right to trial by jury in any action,
proceeding or counterclaim arising out of or relating to this Agreement. 
 20. Resignation from Director and Officer
Positions. Employee hereby resigns from all positions as an officer, director or manager (or any equivalent of the foregoing) of the Company and any of its subsidiaries and affiliates. Employee further agrees to cooperate with the Company
in effecting the foregoing, if the Company so requests. 
 21. Effective Date. Employee acknowledges that Employee has
been given twenty-one (21) days to consider this Agreement. If Employee elects to execute and deliver this Agreement before the expiration of the twenty-one
(21) day period, Employee has done so knowingly and voluntarily. In addition, Employee understands that Employee has up to seven (7) days after executing and delivering this Agreement to rescind this agreement by notifying both Kim
Nakamaru (kim.nakamaru@globaleagle.com) and Zant Chapelo at the Company (zant.chapelo@globaleagle.com) of this fact in writing within the seven (7) day revocation period. The “Effective Date” of this Agreement will be the later of
(a) the date immediately following the expiration of the seven (7) day revocation period if no revocation has been received and (b) May 31, 2019. 

(Signature page follows.) 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Separation
Agreement and General Release on the date(s) indicated below. 
 EMPLOYEE 

 

									
	 Paul Rainey
	 		 		 	
					
	 Signature:
	 	 /s/ Paul Rainey
	 		 	 Date: 5/24/2019
	 	
				
	COMPANY	 		 		 	
	
	 GLOBAL EAGLE ENTERTAINMENT INC.

					
	 By:
	 	 /s/ Zant Chapelo
	 		 		 	
	 Name:
	 	 Zant Chapelo
	 		 		 	
	 Title:
	 	 SVP People Services
	 		 	 Date: 5/27/2019EX-10.1

 Exhibit 10.1 

PETIQ, INC. 
 AMENDED AND
RESTATED 2017 OMNIBUS INCENTIVE PLAN 
  

	Section 1.	 General. 

The name of the Plan is the PetIQ, Inc. Amended and Restated 2017 Omnibus Incentive Plan (the “Plan”). The Plan intends to:
(i) encourage the profitability and growth of the Company through short-term and long-term incentives that are consistent with the Company’s objectives; (ii) give Participants an incentive for excellence in individual
performance; (iii) promote teamwork among Participants; and (iv) give the Company a significant advantage in attracting and retaining key Employees, Directors and Consultants. To accomplish such purposes, the Plan provides
that the Company may grant Options, Stock Appreciation Rights, Restricted Shares, Restricted Stock Units, Performance-Based Awards (including performance-based Restricted Shares and Restricted Stock Units), Other
Stock-Based Awards, Other Cash-Based Awards or any combination of the foregoing. 
  

	Section 2.	 Definitions. 

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

(a)         “Administrator” means the Board, or, if and to the extent the Board does
not administer the Plan, the Committee appointed by the Board to administer the Plan in accordance with Section 3 of the Plan. 

(b)         “Affiliate” means a Person that directly, or indirectly through one or
more intermediaries, controls, or is controlled by, or is under common control with, the Person specified. An entity shall be deemed an Affiliate of the Company for purposes of this definition only for such periods as the requisite ownership or
control relationship is maintained. 
 (c)         “Approval Date” means the date
on which the Plan is approved by the Company’s stockholders. 
 (d)         “Articles
of Incorporation” means the articles of incorporation of the Company, as may be amended and/or restated from time to time. 

(e)         “Automatic Exercise Date” means, with respect to an Option or a Stock
Appreciation Right, the last business day of the applicable term of the Option pursuant to Section 7(d) or the Stock Appreciation Right pursuant to Section 8(g). 

(f)         “Award” means any Option, Stock Appreciation Right, Restricted Share,
Restricted Stock Unit, Performance-Based Award, Other Stock-Based Award or Other Cash-Based Award granted under the Plan. 

(g)         “Award Agreement” means any agreement, contract or other instrument or
document evidencing an Award. Evidence of an Award may be in written or electronic form, may be limited to notation on the books and records of the Company and, with the approval of the Administrator, need not be signed by a representative of the
Company or a Participant. Any Shares that become deliverable to the Participant pursuant to the Plan may be issued in certificate form in the name of the Participant or in book-entry form in the name of the Participant. 

(h)         “Bylaws” means the bylaws of the Company, as may be amended and/or
restated from time to time. 
 (i)         “Beneficial Owner” (or any variant
thereof) has the meaning defined in Rule 13d-3 under the Exchange Act. 

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

(k)         “Cause” shall have the meaning assigned to such term in any Company or
Affiliate employment, severance, or similar agreement or Award Agreement with the Participant or, if no such agreement exists or the agreement does not define “Cause,” Cause means (i) any conduct, action or behavior by a
Participant, whether or not 

  
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in connection with the Participant’s employment, including, without limitation, the commission of any felony or a lesser crime involving dishonesty, fraud, misappropriation, theft, wrongful
taking of property, embezzlement, bribery, forgery, extortion or other crime of moral turpitude, that has or may reasonably be expected to have a material adverse effect on the reputation or business of the Company, its Subsidiaries and Affiliates
or which results in gain or personal enrichment of the Participant to the detriment of the Company, its Subsidiaries and Affiliates; (ii) a governmental authority, including, without limitation, the Environmental Protection Agency or the
Food and Drug Administration, has prohibited the Participant from working or being affiliated with the Company, its Subsidiaries and Affiliates or the business conducted thereby; (iii) the commission of any act by the Participant of
gross negligence or malfeasance, or any willful violation of law, in each case, in connection with the Participant’s performance of his or her duties with the Company or a Subsidiary or Affiliate thereof; (iv) performance of the
Participant’s duties in an unsatisfactory manner after a written warning and a ten (10) day opportunity to cure or failure to observe material policies generally applicable to employees after a written warning and a ten (10) day
opportunity to cure; (v) breach of the Participant’s duty of loyalty to the Company Group; (vi) chronic absenteeism; (vii) substance abuse, illegal drug use or habitual insobriety; or
(viii) violation of obligations of confidentiality to any third party in the course of providing services to the Company, its Subsidiaries and Affiliates. 

(l)         “Change in Capitalization” means any (i) merger,
consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase or other reorganization or corporate transaction or event,
(ii) extraordinary dividend (whether in the form of cash, Common Stock or other property), stock split or reverse stock split, (iii) combination or exchange of shares, (iv) other change in corporate structure or
(v) payment of any other distribution, which, in any such case, the Administrator determines, in its sole discretion, affects the Shares such that an adjustment pursuant to Section 5 of the Plan is appropriate. 

(m)         “Change in Control” shall be deemed to have occurred if an event set
forth in any one of the following paragraphs shall have occurred following the Effective Date: 

(i)          any Person, other than (A) Eos Partners, L.P. and
Eos Capital Partners IV, L.P., and their respective Affiliates and successors, or (B) the Company or a trustee or other fiduciary holding securities under an employee benefit plan of the Company, becomes the Beneficial Owner, directly or
indirectly, of securities of the Company representing more than thirty percent (30%) of the combined voting power of the Company’s then outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a
transaction described in clause (A) of paragraph (iii) below or any acquisition directly from the Company; or 

(ii)         the following individuals cease for any reason to constitute a
majority of the number of Directors then serving on the Board: individuals who, during any period of two (2) consecutive years, constitute the Board and any new Director (other than a Director whose initial assumption of office is in connection
with an actual or threatened election contest, including, but not limited to, a consent solicitation, relating to the election of Directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s
stockholders was approved or recommended by a vote of at least two-thirds (2/3) of the Directors
then still in office who either were Directors at the beginning of the two (2) year period or whose appointment, election or nomination for election was previously so approved or recommended; or 

(iii)        there is consummated a merger or consolidation of the Company or any
Subsidiary thereof with any other corporation, other than a merger or consolidation (A) that results in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding
or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the combined voting power of the voting securities of the Company (or such surviving entity or, if the Company or the entity surviving such merger
is then a subsidiary, the ultimate parent thereof) outstanding immediately after such merger or consolidation, and (B) immediately following which the individuals who comprise the Board immediately prior thereto constitute at least a
majority of the Board of the entity surviving such merger or consolidation or, if the Company or the entity surviving such merger is then a subsidiary, the ultimate parent thereof; or 

  
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 (iv)        the consummation of a
plan of complete liquidation or dissolution of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than (A) a sale or disposition by
the Company of all or substantially all of the Company’s assets to an entity, at least fifty percent (50%) of the combined voting power of the voting securities of which are owned directly or indirectly by stockholders of the Company following
the completion of such transaction in substantially the same proportions as their ownership of the Company immediately prior to such sale or (B) a sale or disposition of all or substantially all of the Company’s assets immediately
following which the individuals who comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the entity to which such assets are sold or disposed or, if such entity is a subsidiary, the ultimate parent
thereof. 
 For each Award that constitutes deferred compensation under Code Section 409A, a Change in Control (where applicable) shall
be deemed to have occurred under the Plan with respect to such Award only if a change in the ownership or effective control of the Company or a change in ownership of a substantial portion of the assets of the Company shall also constitute a
“change in control event” under Code Section 409A. 
 Notwithstanding the foregoing, a “Change in Control” shall
not be deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the holders of Common Stock immediately prior to such transaction or series of transactions continue to
have substantially the same proportionate ownership in an entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions. 

(n)         “Change in Control Price” shall have the meaning set forth in
Section 12 of the Plan. 
 (o)         “Code” means the Internal Revenue Code
of 1986, as amended from time to time, or any successor thereto. Any reference in the Plan to any section of the Code shall be deemed to include any regulations or other interpretative guidance under such section, and any amendments or successor
provisions to such section, regulations or guidance. 
 (p)         “Committee”
means any committee or subcommittee the Board may appoint to administer the Plan. Subject to the discretion of the Board, the Committee shall be composed entirely of individuals who meet the qualifications of a
“non-employee director” within the meaning of Rule 16b-3 under the Exchange Act and any other qualifications required by the applicable stock exchange on
which the Common Stock is traded. If at any time or to any extent the Board shall not administer the Plan, then the functions of the Administrator specified in the Plan shall be exercised by the Committee. Except as otherwise provided in the
Company’s Articles of Incorporation or Bylaws, or any charter establishing the Committee, any action of the Committee with respect to the administration of the Plan shall be taken by a majority vote at a meeting at which a quorum is duly
constituted or unanimous written consent of the Committee’s members. 
 (q)        
“Common Stock” means the Class A common stock, par value $0.001 per share, of the Company. 

(r)         “Company” means PetIQ, Inc., a Delaware corporation (or any successor
corporation, except as the term “Company” is used in the definition of “Change in Control” above). 

(s)         “Consultant” means any current or prospective consultant or independent
contractor of the Company or an Affiliate thereof, in each case, who is not an Employee, Executive Officer or non-employee Director. 

(t)         “Disability” shall have the meaning assigned to such term in any
individual employment, severance or similar agreement or Award Agreement with the Participant or, if no such agreement exists or the agreement does not define “Disability,” Disability means, with respect to any Participant, that such
Participant (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of
not less than twelve (12) months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve
(12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering Employees of the Company or an Affiliate thereof. 

  
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 (u)         “Director” means any
individual who is a member of the Board on or after the Effective Date. 
 (v)        
“Effective Date” shall have the meaning set forth in Section 19 of the Plan. 

(w)         “Eligible Recipient” means: (i) an Employee;
(ii) a non-employee Director; or (iii) a Consultant, in each case, who has been selected as an eligible recipient under the Plan by the Administrator. Notwithstanding the foregoing, to
the extent required to avoid the imposition of additional taxes under Code Section 409A, “Eligible Recipient” means: an (1) Employee; (2) a non-employee Director; or
(3) a Consultant, in each case, of the Company or a Subsidiary thereof, who has been selected as an eligible recipient under the Plan by the Administrator. 

(x)         “Employee” shall mean any current or prospective employee of the Company
or an Affiliate thereof, as described in Treasury Regulation Section 1.421-1(h), including an Executive Officer or Director who is also treated as an employee. 

(y)         “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time. 
 (z)         “Executive Officer” means each Participant who is an
executive officer (within the meaning of Rule 3b-7 under the Exchange Act) of the Company. 

(aa)         “Exercise Price” means, with respect to any Award under which the holder
may purchase Shares, the price per share at which a holder of such Award granted hereunder may purchase Shares issuable upon exercise of such Award. 

(bb)         “Fair Market Value” as of a particular date shall mean:
(i) if the Common Stock is admitted to trading on a national securities exchange, the fair market value of a Share on any date shall be the closing sale price reported for such share on such exchange on such date or, if no sale was
reported on such date, on the last day preceding such date on which a sale was reported; (ii) if the Shares are not then listed on a national securities exchange, the average of the highest reported bid and lowest reported asked prices
for the Shares as reported by the National Association of Securities Dealers, Inc. Automated Quotations System or such other quotation system for the last preceding date on which there was a sale of such stock ; or (iii) if the
Shares are not then listed on a national securities exchange or traded in an over-the-counter market or the value of such Shares is not otherwise determinable, such
value as determined by the Committee in good faith and in a manner not inconsistent with Code Section 409A. 

(cc)         “Free Standing Rights” shall have the meaning set forth in
Section 8(a) of the Plan. 
 (dd)         “Incentive Stock Option” means an
Option that is intended to satisfy the requirements applicable to an “incentive stock option” described in Code Section 422. 

(ee)         “Nonqualified Stock Option” means an Option that is not intended to be
an Incentive Stock Option. 
 (ff)         “Option” means an option to purchase
Shares granted pursuant to Section 7 of the Plan. 
 (gg)         “Other Cash-Based
Award” means a cash Award granted to a Participant under Section 11 of the Plan, including cash awarded as a bonus or upon the attainment of Performance Goals or otherwise as permitted under the Plan. 

(hh)         “Other Stock-Based Award”
means a right or other interest granted to a Participant under the Plan that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Common Stock, including, but not limited to, unrestricted
Shares or dividend equivalents, each of which may be subject to the attainment of Performance Goals or a period of continued employment or other terms or conditions as permitted under the Plan. 

  
 4 

 (ii)         “Participant” means
any Eligible Recipient selected by the Administrator, pursuant to the Administrator’s authority provided for in Section 3 of the Plan, to receive grants of Options, Stock Appreciation Rights, Restricted Shares, Restricted Stock Units,
Other Stock-Based Awards, Other Cash-Based Awards or any combination of the foregoing, and, upon his or her death, his or her successors, heirs, executors and administrators, as the case may be, solely with
respect to any Awards outstanding at the date of the Eligible Recipient’s death. 

(jj)         “Performance-Based Award” means any Award granted under the Plan that is
subject to one or more performance goals. Any dividends or dividend equivalents payable or credited to a Participant with respect to any unvested Performance-Based Award shall be subject to the same performance goals as the Shares or units
underlying the Performance-Based Award. 
 (kk)         “Performance Goals” means
performance goals based on one or more of the following criteria: (i) earnings before interest and taxes; (ii) earnings before interest, taxes, depreciation and amortization; (iii) net operating profit after tax;
(iv) cash flow; (v) revenue; (vi) net revenues; (vii) sales; (viii) days sales outstanding; (ix) scrap rates; (x) income; (xi) net income; (xii) operating
income; (xiii) net operating income; (xiv) operating margin; (xv) earnings; (xvi) earnings per share; (xvii) return on equity; (xviii) return on investment; (xix) return
on capital; (xx) return on assets; (xxi) return on net assets; (xxii) total shareholder return; (xxiii) economic profit; (xxiv) market share; (xxv) appreciation in the fair
market value, book value or other measure of value of the Company’s Common Stock; (xxvi) expense or cost control; (xxvii) working capital; (xxviii) volume or production; (xxix) new products;
(xxx) customer satisfaction; (xxxi) brand development; (xxxii) employee retention or employee turnover; (xxxiii) employee satisfaction or engagement; (xxxiv) environmental, health or other
safety goals; (xxxv) individual performance; (xxxvi) strategic objective milestones; (xxxvii) days inventory outstanding; (xxxviii) any other criteria specified by the Administrator in its sole
discretion; and (xxxix) any combination of, or as applicable, a specified increase or decrease in, any of the foregoing. Where applicable, the Performance Goals may be expressed in terms of attaining a specified level of the particular
criteria or the attainment of a percentage increase or decrease in the particular criteria, and may be applied to one or more of the Company or an Affiliate thereof, or a division or strategic business unit of the Company, or may be applied to the
performance of the Company relative to a market index, a group of other companies or a combination thereof, all as determined by the Committee. The Performance Goals may include a threshold level of performance below which no payment shall be made
(or no vesting shall occur), levels of performance at which specified payments shall be made (or specified vesting shall occur), and a maximum level of performance above which no additional payment shall be made (or at which full vesting shall
occur). Such definitions may provide for equitable adjustments to the Performance Goals in recognition of unusual or non-recurring events affecting the Company or an Affiliate thereof or the financial
statements of the Company or an Affiliate thereof, in response to changes in applicable laws or regulations, or to account for items of gain, loss or expense determined to be unusual in nature, infrequent in occurrence or unusual in nature and
infrequent in occurrence or related to the disposal of a segment of a business or related to a change in accounting principles. 

(ll)          “Person” shall have the meaning given in Section 3(a)(9) of
the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i) the Company or any Subsidiary thereof, (ii) a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or any Subsidiary thereof, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 

(mm)       “Related Rights” shall have the meaning set forth in Section 8(a) of the Plan.

 (nn)         “Restricted Shares” means an Award of Shares granted pursuant to
Section 9 of the Plan subject to certain restrictions that lapse at the end of a specified period or periods. 

(oo)         “Restricted Stock Unit” means a notional account established pursuant to
an Award granted to a Participant, as described in Section 10 of the Plan, that is (i) valued solely by reference to Shares, (ii) subject to restrictions specified in the Award Agreement, and (iii) payable in
cash or in Shares (as specified in the Award Agreement). The Restricted Stock Units awarded to the Participant will vest according to the time-based criteria or performance goals criteria specified in the Award Agreement. 

  
 5 

 (pp)         “Restricted Period”
means the period of time determined by the Administrator during which an Award or a portion thereof is subject to restrictions or, as applicable, the period of time within which performance is measured for purposes of determining whether an Award
has been earned. 
 (qq)         “Retirement” means a termination of a
Participant’s employment, other than for Cause and other than by reason of death or Disability, on or after the attainment of age 65. 

(rr)         “Rule 16b-3” shall have the
meaning set forth in Section 3(a) of the Plan. 
 (ss)         “Shares” means
shares of Common Stock reserved for issuance under the Plan, as adjusted pursuant to the Plan, and any successor (pursuant to a merger, consolidation or other reorganization) security. 

(tt)         “Stock Appreciation Right” means the right pursuant to an Award granted
under Section 8 of the Plan to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion
thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof. 

(uu)         “Subsidiary” means, with respect to any Person, as of any date of
determination, any other Person as to which such first Person owns or otherwise controls, directly or indirectly, more than fifty percent (50%) of the voting shares or other similar interests or a sole general partner interest or managing member or
similar interest of such other Person. An entity shall be deemed a Subsidiary of the Company for purposes of this definition only for such periods as the requisite ownership or control relationship is maintained. Notwithstanding the foregoing, in
the case of an Incentive Stock Option or any determination relating to an Incentive Stock Option, “Subsidiary” means a corporation that is a subsidiary of the Company within the meaning of Code Section 424(f). 

(vv)         “Substitute Award” shall mean an Award granted under the Plan upon the
assumption of, or in substitution for, outstanding equity awards granted by a company or other entity in connection with a corporate transaction, such as a merger, combination, consolidation, or acquisition of property or stock; provided, however,
that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock Appreciation Right. 

 

	Section 3.	 Administration. 

(a)         The Plan shall be administered by the Administrator and shall be administered in accordance
with the requirements of Rule 16b-3 under the Exchange Act (“Rule 16b-3”), to the extent applicable. 

(b)         Pursuant to the terms of the Plan, the Administrator, subject, in the case of any
Committee, to any restrictions on the authority delegated to it by the Board, shall have the power and authority, without limitation: 

(i)          to select those Eligible Recipients who shall be Participants;

 (ii)         to determine whether and to what extent Options, Stock
Appreciation Rights, Restricted Shares, Restricted Stock Units, Other Stock-Based Awards, Other Cash-Based Awards or a combination of any of the foregoing, are to be granted hereunder to Participants; 

(iii)        to determine the number of Shares to be covered by each Award granted
hereunder; 
 (iv)        to determine the terms and conditions, not inconsistent
with the terms of the Plan, of each Award granted hereunder, including, but not limited to, (A) the restrictions applicable to Restricted Shares and Restricted Stock Units and the conditions under which restrictions applicable to such
Restricted Shares and Restricted Stock Units shall lapse, (B) the Performance Goals and periods applicable to Awards, if any, (C) the Exercise Price of each Award, (D) the vesting schedule applicable to each
Award, (E) the number 

  
 6 

 
of Shares subject to each Award and (F) subject to the requirements of Code Section 409A (to the extent applicable), any amendments to the terms and conditions of outstanding
Awards, including, but not limited to, extending the exercise period of such Awards and accelerating the vesting schedule of such Awards; 

(v)         to determine the terms and conditions, not inconsistent with the terms
of the Plan, which shall govern all written instruments evidencing Options, Stock Appreciation Rights, Restricted Shares, Restricted Stock Units or Other Stock-Based Awards, Other Cash-Based Awards or any
combination of the foregoing granted hereunder; 
 (vi)       to determine the Fair Market
Value; 
 (vii)      to determine the duration and purpose of leaves of absence which may be
granted to a Participant without constituting termination of the Participant’s employment for purposes of Awards granted under the Plan; 

(viii)     to adopt, alter and repeal such administrative rules, guidelines and practices governing
the Plan as it shall from time to time deem advisable; 
 (ix)        to reconcile
any inconsistency in, correct any defect in and/or supply any omission in the Plan, any Award Agreement or other instrument or agreement relating to the Plan or an Award granted under the Plan; and 

(x)         to construe and interpret the terms and provisions of the Plan and any
Award issued under the Plan (and any Award Agreement relating thereto), and to otherwise supervise the administration of the Plan and to exercise all powers and authorities either specifically granted under the Plan or necessary and advisable in the
administration of the Plan. 
 (c)         All decisions made by the Administrator pursuant to the
provisions of the Plan shall be final, conclusive and binding on all persons, including the Company and the Participants. No member of the Board or the Committee, or any officer or employee of the Company or any Subsidiary thereof acting on behalf
of the Board or the Committee, shall be personally liable for any action, omission, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Committee and each and any officer or
employee of the Company and of any Subsidiary thereof acting on their behalf shall, to the maximum extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, omission, determination or interpretation.

  

	Section 4.	 Shares Reserved for Issuance Under the Plan. 

(a)         Subject to Section 5 of the Plan, the number of Shares that are reserved and available
for issuance pursuant to Awards granted under the Plan is 3,914,047. The maximum number of Shares that may be issued pursuant to Options intended to be Incentive Stock Options is 478,512. 

(b)         The aggregate Awards granted during any fiscal year to any Participant shall not exceed,
subject to adjustment as provided in Section 5 of the Plan: (i) 478,512 Shares subject to Options or Stock Appreciation Rights, (ii) 478,512 Shares subject to Restricted Shares, Restricted Stock Units or Other Stock-Based Awards (other than Stock Appreciation Rights), and (iii) $2,000,000 with respect to Other Cash-Based Awards with a Restricted Period of one (1) year and $2,000,000 with respect to Other
Cash-Based Awards with a Restricted Period greater than one (1) year. Notwithstanding the foregoing, the maximum number of Shares subject to Awards granted during any fiscal year to any non-employee
Director, when taken together with any cash fees paid to such non-employee Director during the fiscal year in respect of his or her service as a Director, shall not exceed $500,000 in total value (calculating
the value of any such Awards based on the grant date Fair Market Value of such Awards for financial reporting purposes). 

(c)         Shares issued under the Plan may, in whole or in part, be authorized but unissued Shares
or Shares that shall have been or may be reacquired by the Company in the open market, in private transactions or otherwise. 

  
 7 

 
Any Shares subject to an Award under the Plan that, after the Effective Date, are forfeited, canceled, settled or otherwise terminated without a distribution of Shares to a Participant will
thereafter be deemed to be available for Awards. In applying the immediately preceding sentence, if (i) Shares otherwise issuable or issued in respect of, or as part of, any Award are withheld to cover taxes, such Shares shall be treated
as having been issued under the Plan and shall not again be available for issuance under the Plan, (ii) Shares otherwise issuable or issued in respect of, or as part of, any Award of Options or Stock Appreciation Rights are withheld to
cover the Exercise Price, such Shares shall be treated as having been issued under the Plan and shall not be available for issuance under the Plan, and (iii) any Stock-settled Stock Appreciation Rights are exercised, the aggregate number
of Shares subject to such Stock Appreciation Rights shall be deemed issued under the Plan and shall not be available for issuance under the Plan. 

(d)         Substitute Awards shall not reduce the Shares authorized for grant under the Plan. In the
event that a company acquired by the Company or any Affiliate or with which the Company or any Affiliate combines has shares available under a pre-existing plan approved by stockholders and not adopted in
contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other
adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan
and shall not reduce the Shares authorized for grant under the Plan; provided that Awards using such available Shares shall not be made after the date awards or grants could have been made under the terms of the
pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not employed by or providing services to the Company or its Affiliates immediately prior to such
acquisition or combination. 
 (e)         In the event that the Company or an Affiliate consummates
a transaction described in Code Section 424(a) (e.g., the acquisition of property or stock from an unrelated corporation), persons who become Employees or Directors on account of such transaction may be granted Substitute Awards in substitution
for awards granted by their former employer, and any such substitute Options or Stock Appreciation Rights may be granted with an Exercise Price less than the Fair Market Value of a Share on the grant date thereof; provided, however, the grant of
such substitute Option or Stock Appreciation Right shall not constitute a “modification” as defined in Code Section 424(h)(3) and the applicable Treasury regulations. 

 

	Section 5.	 Equitable Adjustments. 

In the event of any Change in Capitalization, an equitable substitution or proportionate adjustment shall be made, in each case, as may be
determined by the Administrator, in its sole discretion, in (i) the aggregate number of Shares reserved for issuance under the Plan and the maximum number of Shares that may be subject to Awards granted to any Participant in any calendar
or fiscal year, (ii) the kind, number and Exercise Price subject to outstanding Options and Stock Appreciation Rights granted under the Plan, provided, however, that any such substitution or adjustment with respect to Options and
Stock Appreciation Rights shall occur in accordance with the requirements of Code Section 409A, and (iii) the kind, number and purchase price of Shares subject to outstanding Restricted Shares or Other
Stock-Based Awards granted under the Plan, in each case as may be determined by the Administrator, in its sole discretion; provided, however, that any fractional Shares resulting from the
adjustment shall be eliminated. Such other equitable substitutions or adjustments shall be made as may be determined by the Administrator, in its sole discretion. Without limiting the generality of the foregoing, in connection with a Change in
Capitalization, the Administrator may provide, in its sole discretion, for the cancellation of any outstanding Award granted hereunder in exchange for payment in cash or other property having an aggregate Fair Market Value of the Shares covered by
such Award, reduced by the aggregate Exercise Price or purchase price thereof, if any. Notwithstanding anything contained in the Plan to the contrary, any adjustment with respect to an Incentive Stock Option due to an adjustment or substitution
described in this Section 5 shall comply with the rules of Code Section 424(a), and in no event shall any adjustment be made which would render any Incentive Stock Option granted hereunder to be disqualified as an incentive stock option
for purposes of Code Section 422. The Administrator’s determinations pursuant to this Section 5 shall be final, binding and conclusive. 
  

	Section 6.	 Eligibility. 

The Participants under the Plan shall be selected from time to time by the Administrator, in its sole discretion, from among Eligible
Recipients. 

  
 8 

	Section 7.	 Options. 

(a)         General. The Committee may, in its sole discretion, grant Options to Participants.
Solely with respect to Participants who are Employees, the Committee may grant Incentive Stock Options, Nonqualified Stock Options or a combination of both. With respect to all other Participants, the Committee may grant only Nonqualified Stock
Options. Each Participant who is granted an Option shall enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall determine, in its sole discretion, which Award Agreement shall specify whether
the Option is an Incentive Stock Option or a Nonqualified Stock Option and shall set forth, among other things, the Exercise Price of the Option, the term of the Option and provisions regarding exercisability of the Option granted thereunder. The
provisions of each Option need not be the same with respect to each Participant. More than one Option may be granted to the same Participant and be outstanding concurrently hereunder. Options granted under the Plan shall be subject to the terms and
conditions set forth in this Section 7 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and set forth in the applicable Award Agreement. The
prospective recipient of an Option shall not have any rights with respect to such Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement, executed and delivered a fully
executed copy thereof to the Company, within a period of sixty (60) days (or such other period as the Administrator may specify) after the award date. 

(b)         Limits on Incentive Stock Options. If the Administrator grants Incentive Stock
Options, then to the extent that the aggregate fair market value of Shares with respect to which Incentive Stock Options are exercisable for the first time by any individual during any calendar year (under all plans of the Company) exceeds $100,000,
such Options will be treated as Nonqualified Stock Options to the extent required by Code Section 422. 

(c)         Exercise Price. The Exercise Price of Shares purchasable under an Option shall be
determined by the Administrator in its sole discretion at the time of grant; provided, however, that (i) in no event shall the Exercise Price of an Option be less than one hundred percent (100%) of the Fair Market Value of the
Common Stock on the date of grant, and (ii) no Incentive Stock Option granted to a ten percent (10%) stockholder of the Company’s Common Stock (within the meaning of Code Section 422(b)(6)) shall have an exercise price per
share less than one-hundred ten percent (110%) of the Fair Market Value of a Share on such date. 

(d)         Option Term. The maximum term of each Option shall be fixed by the Administrator,
but in no event shall (i) an Option be exercisable more than ten (10) years after the date such Option is granted, and (ii) an Incentive Stock Option granted to a ten percent (10%) stockholder of the Company’s
Common Stock (within the meaning of Code Section 422(b)(6)) be exercisable more than five (5) years after the date such Option is granted. Each Option’s term is subject to earlier expiration pursuant to the applicable provisions in
the Plan and the Award Agreement. Notwithstanding the foregoing, the Administrator shall have the authority to accelerate the exercisability of any outstanding Option at such time and under such circumstances as the Administrator, in its sole
discretion, deems appropriate. Notwithstanding any contrary provision herein, if, on the date an outstanding Option would expire, the exercise of the Option, including by a “net exercise” or “cashless” exercise, would violate
applicable securities laws or any insider trading policy maintained by the Company from time to time, the expiration date applicable to the Option will be extended, except to the extent such extension would violate Section 409A, to a date that
is thirty (30) calendar days after the date the exercise of the Option would no longer violate applicable securities laws or any such insider trading policy. 

(e)         Exercisability. Each Option shall be exercisable at such time or times and subject
to such terms and conditions, including the attainment of pre-established Performance Goals, as shall be determined by the Administrator in the applicable Award Agreement. The Administrator may also provide
that any Option shall be exercisable only in installments, and the Administrator may waive such installment exercise provisions at any time, in whole or in part, based on such factors as the Administrator may determine in its sole discretion.
Notwithstanding anything to the contrary contained herein, an Option may not be exercised for a fraction of a share. 

(f)         Method of Exercise. Options may be exercised in whole or in part by giving written
notice of exercise to the Company specifying the number of Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased in cash or its equivalent, as determined by the Administrator. As determined
by the Administrator, in its sole discretion, with respect to any Option or category of Options, 

  
 9 

 
payment in whole or in part may also be made (i) by means of consideration received under any cashless exercise procedure approved by the Administrator (including the withholding of
Shares otherwise issuable upon exercise), (ii) in the form of unrestricted Shares already owned by the Participant which have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Shares as to which such
Option shall be exercised, (iii) any other form of consideration approved by the Administrator and permitted by applicable law or (iv) any combination of the foregoing. In determining which methods a Participant may utilize
to pay the Exercise Price, the Administrator may consider such factors as it determines are appropriate; provided, however, that with respect to Incentive Stock Options, all such discretionary determinations shall be made by the Administrator
at the time of grant and specified in the Award Agreement. 
 (g)         Rights as
Stockholder. A Participant shall have no rights to dividends or any other rights of a stockholder with respect to the Shares subject to an Option until the Participant has given written notice of the exercise thereof, has paid in full for such
Shares and has satisfied the requirements of Section 15 of the Plan and the Shares have been issued to the Participant. 

(h)         Termination of Employment or Service. 

(i)         Unless the applicable Award Agreement provides otherwise, in the event
that the employment or service of a Participant with the Company and all Affiliates thereof shall terminate for any reason other than Cause, Retirement, Disability, or death, (A) Options granted to such Participant, to the extent that
they are exercisable at the time of such termination, shall remain exercisable until the date that is ninety (90) days after such termination, on which date they shall expire, and (B) Options granted to such Participant, to the
extent that they were not exercisable at the time of such termination, shall expire at the close of business on the date of such termination. The ninety (90) day period described in this Section 7(h)(i) shall be extended to one
(1) year after the date of such termination in the event of the Participant’s death during such ninety (90) day period. Notwithstanding the foregoing, no Option shall be exercisable after the expiration of its term. 

(ii)        Unless the applicable Award Agreement provides otherwise, in the event that
the employment or service of a Participant with the Company and all Affiliates thereof shall terminate on account of Retirement, Disability or the death of the Participant, (A) Options granted to such Participant, to the extent that they
were exercisable at the time of such termination, shall remain exercisable until the date that is one (1) year after such termination, on which date they shall expire and (B) Options granted to such Participant, to the extent that
they were not exercisable at the time of such termination, shall expire at the close of business on the date of such termination. Notwithstanding the foregoing, no Option shall be exercisable after the expiration of its term. 

(iii)       In the event of the termination of a Participant’s employment or service
for Cause, all outstanding Options granted to such Participant shall expire at the commencement of business on the date of such termination. 

(iv)        For purposes of this Section 7(h), Options that are not exercisable
solely due to a blackout period shall be considered exercisable. 
 (i)         Other Change in
Employment Status. An Option may be affected, both with regard to vesting schedule and termination, by leaves of absence, changes from full-time to part-time employment, partial disability or other changes in the employment status or service of
a Participant, as evidenced in a Participant’s Award Agreement. 
 (j)         Change in
Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Options shall be subject to Section 12 of the Plan. 

(k)         Automatic Exercise. Unless otherwise provided by the Administrator in an
Award Agreement or otherwise, or as otherwise directed by the Participant in writing to the Company, each vested and exercisable Option outstanding on the Automatic Exercise Date with an Exercise Price per Share that is less than the Fair Market
Value 

  
 10 

 
per Share as of such date shall automatically and without further action by the Participant or the Company be exercised on the Automatic Exercise Date. In the sole discretion of the
Administrator, payment of the Exercise Price of any such Option shall be made pursuant to Section 7(f)(i) or (ii) and the Company or any Affiliate shall deduct or withhold an amount sufficient to satisfy all taxes associated with such
exercise in accordance with Section 15. Unless otherwise determined by the Administrator, this Section 7(k) shall not apply to an Option if the Participant’s employment or service has terminated on or before the Automatic Exercise
Date. For the avoidance of doubt, no Option with an Exercise Price per Share that is equal to or greater the Fair Market Value per Share on the Automatic Exercise Date shall be exercised pursuant to this Section 7(k). 

 

	Section 8.	 Stock Appreciation Rights. 

(a)         General. Stock Appreciation Rights may be granted either alone (“Free
Standing Rights”) or in conjunction with all or part of any Option granted under the Plan (“Related Rights”). Related Rights may be granted either at or after the time of the grant of such Option. The Administrator shall
determine the Eligible Recipients to whom, and the time or times at which, grants of Stock Appreciation Rights shall be made, the number of Shares to be awarded, the price per Share, and all other conditions of Stock Appreciation Rights.
Notwithstanding the foregoing, no Related Right may be granted for more Shares than are subject to the Option to which it relates and any Stock Appreciation Right must be granted with an Exercise Price not less than the Fair Market Value of Common
Stock on the date of grant. The provisions of Stock Appreciation Rights need not be the same with respect to each Participant. Stock Appreciation Rights granted under the Plan shall be subject to the following terms and conditions set forth in this
Section 8 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award Agreement. 

(b)         Awards; Rights as Stockholder. The prospective recipient of a Stock Appreciation
Right shall not have any rights with respect to such Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement, executed and delivered a fully executed copy thereof to the
Company, within a period of sixty (60) days (or such other period as the Administrator may specify) after the award date. Participants who are granted Stock Appreciation Rights shall have no rights as stockholders of the Company with respect to
the grant or exercise of such rights. 
 (c)         Exercisability. 

(i)         Stock Appreciation Rights that are Free Standing Rights shall be
exercisable at such time or times and subject to such terms and conditions as shall be determined by the Administrator in the applicable Award Agreement. 

(ii)        Stock Appreciation Rights that are Related Rights shall be exercisable only
at such time or times and to the extent that the Options to which they relate shall be exercisable in accordance with the provisions of Section 7 above and this Section 8 of the Plan. 

(d)         Payment Upon Exercise. 

(i)         Upon the exercise of a Free Standing Right, the Participant shall be
entitled to receive up to, but not more than, that number of Shares, determined using the Fair Market Value, equal in value to the excess of the Fair Market Value as of the date of exercise over the price per share specified in the Free Standing
Right multiplied by the number of Shares in respect of which the Free Standing Right is being exercised. 

(ii)        A Related Right may be exercised by a Participant by surrendering the
applicable portion of the related Option. Upon such exercise and surrender, the Participant shall be entitled to receive up to, but not more than, that number of Shares, determined using the Fair Market Value, equal in value to the excess of the
Fair Market Value as of the date of exercise over the Exercise Price specified in the related Option multiplied by the number of Shares in respect of which the Related Right is being exercised. Options which have been so surrendered, in whole or in
part, shall no longer be exercisable to the extent the Related Rights have been so exercised. 

  
 11 

 (iii)       Notwithstanding the
foregoing, the Administrator may determine to settle the exercise of a Stock Appreciation Right in cash (or in any combination of Shares and cash). 

(e)         Rights as Stockholder. A Participant shall have no rights to dividends or any other
rights of a stockholder with respect to the Shares subject to a Stock Appreciation Right Option until the Participant has given written notice of the exercise thereof, has satisfied the requirements of Section 15 of the Plan and the Shares have
been issued to the Participant. 
 (f)         Termination of Employment or Service. 

(i)         In the event of the termination of employment or service with the
Company and all Affiliates thereof of a Participant who has been granted one or more Free Standing Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Administrator in
the applicable Award Agreement. 
 (ii)        In the event of the termination of
employment or service with the Company and all Affiliates thereof of a Participant who has been granted one or more Related Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as set forth in the
related Options. 
 (g)         Term. 

(i)         The term of each Free Standing Right shall be fixed by the
Administrator, but no Free Standing Right shall be exercisable more than ten (10) years after the date such right is granted. 

(ii)        The term of each Related Right shall be the term of the Option to which it
relates, but no Related Right shall be exercisable more than ten (10) years after the date such right is granted. 

(h)         Change in Control. Notwithstanding anything herein to the contrary, upon a Change
in Control, all outstanding Stock Appreciation Rights shall be subject to Section 12 of the Plan. 

(i)         Automatic Exercise. Unless otherwise provided by the Administrator in an
Award Agreement or otherwise, or as otherwise directed by the Participant in writing to the Company, each vested and exercisable Stock Appreciation Right outstanding on the Automatic Exercise Date with an Exercise Price per Share that is less than
the Fair Market Value per Share as of such date shall automatically and without further action by the Participant or the Company be exercised on the Automatic Exercise Date. The Company or any Affiliate shall deduct or withhold an amount sufficient
to satisfy all taxes associated with such exercise in accordance with Section 15. Unless otherwise determined by the Administrator, this Section 8(i) shall not apply to a Stock Appreciation Right if the Participant’s employment or
service has terminated on or before the Automatic Exercise Date. For the avoidance of doubt, no Stock Appreciation Right with an Exercise Price per Share that is equal to or greater the Fair Market Value per Share on the Automatic Exercise Date
shall be exercised pursuant to this Section 8(i). 
  

	Section 9.	 Restricted Shares. 

(a)         General. Restricted Shares may be issued either alone or in addition to other Awards
granted under the Plan. The Administrator shall determine the Eligible Recipients to whom, and the time or times at which, grants of Restricted Shares shall be made; the number of Shares to be awarded; the price, if any, to be paid by the
Participant for the acquisition of Restricted Shares; the Restricted Period, if any, applicable to Restricted Shares; the Performance Goals (if any) applicable to Restricted Shares; and all other conditions of the Restricted Shares. If the
restrictions, Performance Goals and/or conditions established by the Administrator are not attained, a Participant shall forfeit his or her Restricted Shares in accordance with the terms of the grant. The provisions of the Restricted Shares need not
be the same with respect to each Participant. 
 (b)         Awards and Certificates. The
prospective recipient of Restricted Shares shall not have any rights with respect to any such Award, unless and until such recipient has received an Award Agreement and, if required 

  
 12 

 
by the Administrator in the Award Agreement, executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other period as the
Administrator may specify) after the award date. Except as otherwise provided in Section 9(c) of the Plan, (i) each Participant who is granted an award of Restricted Shares may, in the Company’s sole discretion, be issued a
stock certificate in respect of such Restricted Shares; and (ii) any such certificate so issued shall be registered in the name of the Participant, and shall bear an appropriate legend referring to the terms, conditions, and restrictions
applicable to any such Award. 
 The Company may require that the stock certificates, if any, evidencing Restricted Shares granted hereunder
be held in the custody of the Company until the restrictions thereon shall have lapsed, and that, as a condition of any award of Restricted Shares, the Participant shall have delivered a stock power, endorsed in blank, relating to the Shares covered
by such Award. 
 Notwithstanding anything in the Plan to the contrary, any Restricted Shares (whether before or after any vesting
conditions have been satisfied) may, in the Company’s sole discretion, be issued in uncertificated form pursuant to the customary arrangements for issuing shares in such form. 

(c)         Restrictions and Conditions. The Restricted Shares granted pursuant to this
Section 9 shall be subject to the following restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant or thereafter: 

(i)          The Administrator may, in its sole discretion, provide for the lapse
of restrictions in installments and may accelerate or waive such restrictions in whole or in part based on such factors and such circumstances as the Administrator may determine, in its sole discretion, including, but not limited to, the attainment
of certain Performance Goals, the Participant’s termination of employment or service as a non-employee Director or Consultant of the Company or an Affiliate thereof, or the Participant’s death or
Disability. 
 (ii)        Except as provided in Section 16 of the Plan or in
the Award Agreement, the Participant shall generally have the rights of a stockholder of the Company with respect to Restricted Shares during the Restricted Period. In the Administrator’s discretion and as provided in the applicable Award
Agreement, a Participant may be entitled to dividends or dividend equivalents on an Award of Restricted Shares, which will be payable in accordance with the terms of such grant as determined by the Administrator. Certificates for Shares of
unrestricted Common Stock may, in the Company’s sole discretion, be delivered to the Participant only after the Restricted Period has expired without forfeiture in respect of such Restricted Shares, except as the Administrator, in its sole
discretion, shall otherwise determine. 
 (iii)       The rights of Participants granted
Restricted Shares upon termination of employment or service as a non-employee Director or Consultant of the Company or an Affiliate thereof terminates for any reason during the Restricted Period shall be set
forth in the Award Agreement. 
 (d)         Change in Control. Notwithstanding anything
herein to the contrary, upon a Change in Control, all outstanding Restricted Shares shall be subject to Section 12 of the Plan. 
  

	Section 10.	 Restricted Stock Units. 

(a)         General. Restricted Stock Units may be issued either alone or in addition to other
Awards granted under the Plan. The Administrator shall determine the Eligible Recipients to whom, and the time or times at which, grants of Restricted Stock Units shall be made; the number of Restricted Stock Units to be awarded; the Restricted
Period, if any, applicable to Restricted Stock Units; the Performance Goals (if any) applicable to Restricted Stock Units; and all other conditions of the Restricted Stock Units. If the restrictions, Performance Goals and/or conditions established
by the Administrator are not attained, a Participant shall forfeit his or her Restricted Stock Units in accordance with the terms of the grant. The provisions of Restricted Stock Units need not be the same with respect to each Participant. 

  
 13 

 (b)         Award Agreement. The prospective
recipient of Restricted Stock Units shall not have any rights with respect to any such Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement, executed and delivered a
fully executed copy thereof to the Company, within a period of sixty (60) days (or such other period as the Administrator may specify) after the award date. 

(c)         Restrictions and Conditions. The Restricted Stock Units granted pursuant to this
Section 10 shall be subject to the following restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant or, subject to Code Section 409A, thereafter: 

(i)         The Administrator may, in its sole discretion, provide for the lapse
of restrictions in installments and may accelerate or waive such restrictions in whole or in part based on such factors and such circumstances as the Administrator may determine, in its sole discretion, including, but not limited to, the attainment
of certain Performance Goals, the Participant’s termination of employment or service as a non-employee Director or Consultant of the Company or an Affiliate thereof, or the Participant’s death or
Disability. 
 (ii)        Participants holding Restricted Stock Units shall have no
voting rights. A Restricted Stock Unit may, at the Administrator’s discretion, carry with it a right to dividend equivalents. Such right would entitle the holder to be credited with an amount equal to all cash dividends paid on one Share while
the Restricted Stock Unit is outstanding. The Administrator, in its discretion, may grant dividend equivalents from the date of grant or only after a Restricted Stock Unit is vested. 

(iii)       The rights of Participants granted Restricted Stock Units upon termination of
employment or service as a non-employee Director or Consultant of the Company or an Affiliate thereof terminates for any reason during the Restricted Period shall be set forth in the Award Agreement. 

(d)         Settlement of Restricted Stock Units. Settlement of vested Restricted Stock Units
shall be made to Participants in the form of Shares, unless the Administrator, in its sole discretion, provides for the payment of the Restricted Stock Units in cash (or partly in cash and partly in Shares) equal to the Fair Market Value of the
Shares that would otherwise be distributed to the Participant. 
 (e)         Rights as
Stockholder. Except as provided in the Award Agreement in accordance with Section 10(c)(ii), a Participant shall have no rights to dividends or any other rights of a stockholder with respect to the Shares subject to
Restricted Stock Units until the Participant has satisfied all conditions of the Award Agreement and the requirements of Section 15 of the Plan and the Shares have been issued to the Participant. 

(f)         Change in Control. Notwithstanding anything herein to the contrary, upon a Change
in Control, all outstanding Restricted Stock Units shall be subject to Section 12 of the Plan. 
  

	Section 11.	 Other Stock-Based or Cash-Based Awards. 

(a)         The Administrator is authorized to grant Awards to Participants in the form of Other Stock-Based Awards or Other Cash-Based Awards, as deemed by the Administrator to be consistent with the purposes of the Plan and as evidenced by an Award Agreement. The Administrator shall determine the terms and
conditions of such Awards, consistent with the terms of the Plan, at the date of grant or thereafter, including any Performance Goals and performance periods. Common Stock or other securities or property delivered pursuant to an Award in the nature
of a purchase right granted under this Section 11 shall be purchased for such consideration, paid for at such times, by such methods, and in such forms, including, without limitation, Shares, other Awards, notes or other property, as the
Administrator shall determine, subject to any required corporate action. 
 (b)         The
prospective recipient of an Other Stock-Based Award or Other Cash-Based Award shall not have any rights with respect to such Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award
Agreement, executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other period as the Administrator may specify) after the award date. 

  
 14 

 (c)         Notwithstanding anything herein to the
contrary, upon a Change in Control, all outstanding Other Stock-Based Awards and Other Cash-Based Awards shall be subject to Section 12 of the Plan. 
  

	Section 12.	 Change in Control. 

The Administrator may provide in the applicable Award Agreement that an Award will vest on an accelerated basis upon the Participant’s
termination of employment or service in connection with a Change in Control or upon the occurrence of any other event that the Administrator may set forth in the Award Agreement. If the Company is a party to an agreement that is reasonably likely to
result in a Change in Control, such agreement may provide for: (i) the continuation of any Award by the Company, if the Company is the surviving corporation; (ii) the assumption of any Award by the surviving corporation or
its parent or subsidiary; (iii) the substitution by the surviving corporation or its parent or subsidiary of equivalent awards for any Award, provided, however, that any such substitution with respect to Options and Stock
Appreciation Rights shall occur in accordance with the requirements of Code Section 409A; or (iv) settlement of any Award for the Change in Control Price (less, to the extent applicable, the per share exercise or grant price), or,
if the per share exercise or grant price equals or exceeds the Change in Control Price or if the Administrator determines that Award cannot reasonably become vested pursuant to its terms, such Award shall terminate and be canceled. To the extent
that Restricted Shares, Restricted Stock Units or other Awards settle in Shares in accordance with their terms upon a Change in Control, such Shares shall be entitled to receive as a result of the Change in Control transaction the same consideration
as the Shares held by stockholders of the Company as a result of the Change in Control transaction. For purposes of this Section 12, “Change in Control Price” shall mean (A) the price per share of Common Stock paid to
stockholders of the Company in the Change in Control transaction, or (B) the Fair Market Value of a Share upon a Change in Control, as determined by the Administrator. To the extent that the consideration paid in any such Change in Control
transaction consists all or in part of securities or other non-cash consideration, the value of such securities or other non-cash consideration shall be determined in
good faith by the Administrator. 
  

	Section 13.	 Amendment and Termination. 

(a)         The Board or the Committee may amend, alter or terminate the Plan, but no amendment,
alteration, or termination shall be made that would impair the rights of a Participant under any Award theretofore granted without such Participant’s consent. 

(b)         Notwithstanding the foregoing, (i) approval of the Company’s stockholders shall
be obtained to increase the aggregate Share limit and annual Award limits described in Section 4 and for any amendment that would require such approval in order to satisfy the rules of the stock exchange on which the Common Stock is traded or
other applicable law; and (ii) without stockholder approval to the extent required by the rules of any applicable national securities exchange or inter-dealer quotation system on which the Shares are listed or quoted, except as otherwise
permitted under Section 5 of the Plan, (A) no amendment or modification may reduce the Exercise Price of any Option or Stock Appreciation Right, (B) the Committee may not cancel any outstanding Option or Stock Appreciation Right and
replace it with a new Option or Stock Appreciation Right, another Award or cash and (C) the Committee may not take any other action that is considered a “repricing” for purposes of the stockholder approval rules of the applicable
securities exchange or inter-dealer quotation system. 
 (c)         Subject to the terms and
conditions of the Plan, the Administrator may modify, extend or renew outstanding Awards under the Plan, or accept the surrender of outstanding Awards (to the extent not already exercised) and grant new Awards in substitution of them (to the extent
not already exercised). 
 (d)         Notwithstanding the foregoing, no alteration, modification or
termination of an Award will, without the prior written consent of the Participant, adversely alter or impair any rights or obligations under any Award already granted under the Plan. 

  
 15 

	Section 14.	 Unfunded Status of Plan. 

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

 

	Section 15.	 Withholding Taxes. 

Each Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of such
Participant for federal, state and/or local income tax purposes, pay to the Company, or make arrangements satisfactory to the Administrator regarding payment of, any federal, state, or local taxes of any kind, domestic or foreign, required by law or
regulation to be withheld with respect to the Award. The obligations of the Company under the Plan shall be conditional on the making of such payments or arrangements, and the Company shall, to the extent permitted by law, have the right to deduct
any such taxes from any payment of any kind otherwise due to such Participant. Whenever cash is to be paid pursuant to an Award granted hereunder, the Company shall have the right to deduct therefrom an amount sufficient to satisfy any federal,
state and local withholding tax requirements related thereto. Whenever Shares are to be delivered pursuant to an Award, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy any
related federal, state and local taxes, domestic or foreign, to be withheld and applied to the tax obligations. With the approval of the Administrator, a Participant may satisfy the foregoing requirement by electing to have the Company withhold from
delivery of Shares or by delivering already owned unrestricted shares of Common Stock, in each case, having a value equal to the amount required to be withheld or such other greater amount up to the maximum statutory rate under applicable law, as
applicable to such Participant, if such other greater amount would not result in adverse financial accounting treatment, as determined by the Administrator (including in connection with the effectiveness of FASB Accounting Standards Update 2016-09). Such Shares shall be valued at their Fair Market Value on the date of which the amount of tax to be withheld is determined. Fractional share amounts shall be settled in cash. Such an election may be made
with respect to all or any portion of the Shares to be delivered pursuant to an Award. The Company may also use any other method of obtaining the necessary payment or proceeds, as permitted by law, to satisfy its withholding obligation with respect
to any Option or other Award. 
  

	Section 16.	 Non-United States Employees.

Without amending the Plan, the Administrator may grant Awards to eligible persons residing in
non-United States jurisdictions on such terms and conditions different from those specified in the Plan, including the terms of any award agreement or plan, adopted by the Company or any Subsidiary thereof to
comply with, or take advantage of favorable tax or other treatment available under, the laws of any non-United States jurisdiction, as may in the judgment of the Administrator be necessary or desirable to
foster and promote achievement of the purposes of the Plan and, in furtherance of such purposes the Administrator may make such modifications, amendments, procedures, subplans and the like as may be necessary or advisable to comply with provisions
of laws in other countries or jurisdictions in which the Company or its Subsidiaries operates or has employees. 
  

	Section 17.	 Transfer of Awards. 

No purported sale, assignment, mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or other) or
other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to do any of the foregoing (each, a “Transfer”) by any holder thereof in violation of the provisions of the Plan or an
Award Agreement will be valid, except with the prior written consent of the Administrator, which consent may be granted or withheld in the sole discretion of the Administrator. Any purported Transfer of an Award or any economic benefit or interest
therein in violation of the Plan or an Award Agreement shall be null and void ab initio, and shall not create any obligation or liability of the Company, and any person purportedly acquiring any Award or any economic benefit or interest
therein transferred in violation of the Plan or an Award Agreement shall not be entitled to be recognized as a holder of such Shares. Unless otherwise determined by the Administrator in accordance with the provisions of the immediately preceding
sentence, an Option may be exercised, during the lifetime of the Participant, only by the Participant or, during any period during which the Participant is under a legal disability, by the Participant’s guardian or legal representative. 

  
 16 

	Section 18.	 Continued Employment. 

The adoption of the Plan shall not confer upon any Eligible Recipient any right to continued employment or service with the Company or an
Affiliate thereof, as the case may be, nor shall it interfere in any way with the right of the Company or an Affiliate thereof to terminate the employment or service of any of its Eligible Recipients at any time. 

 

	Section 19.	 Effective Date and Approval Date. 

The Plan was originally effective as of July 20, 2017 and the Plan, as amended and restated hereby, will be effective as of May 29,
2019 (the “Effective Date”). The Plan will be unlimited in duration and, in the event of Plan termination, will remain in effect as long as any Shares awarded under it are outstanding and not fully vested; provided, however,
that no Awards will be made under the Plan on or after the tenth anniversary of the Effective Date. No Option that is intended to be an Incentive Stock Option may be granted under the Plan until the Approval Date. If the Approval Date does not occur
within twelve (12) months after the Effective Date, then no Options that are intended to be Incentive Stock Options may be granted under the Plan. 
  

	Section 20.	 Code Section 409A. 

The intent of the parties is that payments and benefits under the Plan comply with Code Section 409A to the extent subject thereto, and,
accordingly, to the maximum extent permitted, the Plan shall be interpreted and be administered to be in compliance therewith. Any payments described in the Plan that are due within the “short-term deferral period” as defined in Code
Section 409A shall not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything to the contrary in the Plan, to the extent required in order to avoid accelerated taxation and/or tax penalties under
Code Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided upon a “separation from service” to a Participant who is a “specified employee” shall be paid on the first business day
after the date that is six (6) months following the Participant’s separation from service (or upon the Participant’s death, if earlier). In addition, for purposes of the Plan, each amount to be paid or benefit to be provided to the
Participant pursuant to the Plan, which constitute deferred compensation subject to Code Section 409A, shall be construed as a separate identified payment for purposes of Code Section 409A. Nothing contained in the Plan or an Award
Agreement shall be construed as a guarantee of any particular tax effect with respect to an Award. The Company does not guarantee that any Awards provided under the Plan will satisfy the provisions of Code Section 409A, and in no event will the
Company be liable for any or all portion of any taxes, penalties, interest or other expenses that may be incurred by a Participant on account of any non-compliance with Code Section 409A. 

 

	Section 21.	 Erroneously Awarded Compensation. 

The Plan and all Awards issued hereunder shall be subject to any compensation recovery and/or recoupment policy adopted by the Company to
comply with applicable law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or to comport with good corporate governance practices, as such policies may be amended from time to time. 

 

	Section 22.	 Governing Law. 

The Plan shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to principles of
conflicts of law of such state. 
  

	Section 23.	 Plan Document Controls. 

The Plan and each Award Agreement constitute the entire agreement with respect to the subject matter hereof and thereof; provided that
in the event of any inconsistency between the Plan and such Award Agreement, the terms and conditions of the Plan shall control. 

  
 17

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