Document:

EX_10_2

		
			OLD SECOND BANCORP, INC. 2014 EQUITY INCENTIVE PLAN
		

		
			 
		

		
			___________
		

		
			<NAME>
		

		
			<###> Units
		

		
			 
		

		
			RESTRICTED STOCK UNIT AGREEMENT
		

		
			Performance-Based
		

		
			(Director)
		

		
			____________
		

		
			 
		

		
			This PRSU Agreement (“Agreement”) is made as of _____ (the “Grant Date”), between OLD SECOND BANCORP, INC. (the “Company”), and the Participant named above (“Participant”).
		

		
			 
		

		
			The Old Second Bancorp, Inc. 2014 Equity Incentive Plan (the “Plan”) is administered by the Compensation Committee of the Company’s Board of Directors (the “Committee”).  The Committee has determined that the Participant is eligible to participate in the Plan.  The Committee has awarded to the Participant a Stock Award under the Plan consisting of PRSUs  as described in this Agreement and subject to the terms of the Plan.
		

		
			 
		

		
			The Participant acknowledges receipt of a copy of the Plan and accepts this PRSU Award subject to all of the terms, conditions, and provisions of this Agreement and the Plan.    
		

		
			 
		

		
			1.Award.  Company hereby awards to the Participant <###> restricted stock units, subject to the restrictions imposed under this Agreement and the Plan (the “PRSUs”).  Each PRSU entitles the Participant to one Share of Company Stock upon the vesting of such PRSU as set forth below.    
		

		
			 
		

		
			2.Transferability.  PRSUs are generally not transferable by the Participant except by will, by the laws of descent and distribution, or pursuant to a domestic relations order, except (a) for those limited circumstances set forth in the Plan and approved by the Committee, and (b) where the Participant has designated a beneficiary to receive payment of benefits upon his or her death by filing with the Company a designation of beneficiary as provided in Section 7.3 of the Plan.
		

		
			 
		

		
			3.Vesting.  PRSUs will vest upon satisfaction of both of the following: 
		

		
			 
		

		
			3.1 the Company’s achievement of performance targets determined by the Committee and attached as Exhibit A for the Performance Period (as defined in Exhibit A), and 
		

		
			 
		

		
			3.2the Participant remains in the continuous service of the Company or one or more of its Subsidiaries as a director until the conclusion of the Restricted Period  (subject to the exceptions set forth in Section 4 below).  
		

		
			 
		

		
			The “Restricted Period” shall begin on the first day of the Performance Period and shall end on the date of the issuance of the audit opinion with respect to the Company’s consolidated financial statements for the fiscal year ending on the last day of the Performance Period, but in no event later than March 5th of the year following the last day of the Performance Period.    As soon as administratively feasible following vesting of each PRSU,  the Company will issue to the Participant (electronically or in certificate form, as the Committee determines), but no later than March 15 of the year following the last day of the Performance Period.  No fractional Shares shall be delivered pursuant to this Award (cash shall be paid in lieu thereof).
		

		
			 
		

		
			4.Termination of Service.  Subject to Sections 4.1 and 11 below, if Participant’s service as a member of the board of directors of the Company ceases for any reason, all PRSU’s that are not then vested will be immediately and automatically forfeited and cancelled upon the date your service as a director terminates.  With respect to any PRSUs for which the Performance Period has already ended, the 

		 

 

continuous service requirements of Section 3.2 above shall be waived and such PRSUs shall fully vest and be paid as set forth in Section 3 above.
		

		
			 
		

		
			4.1Subject to Section 11 below, if the Participant incurs a Termination of Service due to the Participant’s death, Disability, or Retirement, then  with respect to any PRSUs for which the Performance Period has not yet ended, the continuous service requirements of Section 3.2 above shall be waived and a pro rata portion of such PRSUs shall vest in full.  Such pro rata portion shall be calculated as follows: (i) the Target (100%) number of PRSUs set forth on Exhibit A to this Agreement, will be multiplied by (ii) the quotient of (x) the number of full months that have elapsed between the first day of the Performance Period and the effective date of the Participant’s Termination of Service and (y) the total number of full months in the respective Performance Period.  Shares due upon vesting of such PRSUs shall be issued as soon as administratively feasible, but in no event later more than 30 days after such Termination of Service. 
		

		
			 
		

		
			Except as specifically provided herein,  any unvested PRSUs shall be forfeited upon the Participant’s Termination of Service for any reason. 
		

		
			 
		

		
			5.No Right to Continued Service.  This Award shall not impose upon the Company or any Subsidiary any obligation to retain the Participant as a director or in any other capacity for any given period or upon any specific terms.  The Company or any Subsidiary may at any time remove the Participant as a director, free from any liability or claim under the Plan or this Agreement, unless otherwise expressly provided in any written agreement with the Participant.
		

		
			 
		

		
			6.Dividends Rights.  Prior to issuance of Stock pursuant to a PRSU held by the Participant,  the Participant shall be entitled to 
		

		
			 
		

		
			6.1dividend equivalents on such PRSU equal to any cash dividends issued on one Share.  Such dividend equivalents shall be subject to the same restrictions and vesting and payment schedule as the Shares to which such dividends relate and shall be made in accordance with the Company’s Equity Awards Accounting Processes policy, as such shall be in effect as of each respective cash dividend record date occurring prior to issuance of such Stock; and 
		

		
			 
		

		
			6.2 all non-cash dividend, distribution and liquidation rights with respect to such PRSU as if the Participant held unrestricted Stock.  Any such non-cash dividends,  distributions or rights shall be subject to the same restrictions and vesting and payment schedule as the Shares to which such dividends, distributions or rights relate.  
		

		
			 
		

		
			Notwithstanding the above, this Award shall not confer upon the Participant any rights as a Shareholder unless and until such Shares are reflected as issued and outstanding on the Company’s stock ledger. 
		

		
			 
		

		
			7.Illegality; Securities Law Compliance. The Company will not be obligated to issue any shares to the Participant under this Agreement or make any other distribution of benefits under the Plan if the issuance of such shares or such distribution shall constitute a violation by the Participant or the Company of any provision of any law, order or regulation of any governmental authority, including the requirements of any securities exchange or similar entity.
		

		
			 
		

		
			Shares issued to the Participant upon the vesting of PRSUs are subject to federal securities laws.  In some cases, foreign, state or local securities laws may also apply.  If the Committee determines that certain registrations or filings are needed or desired to comply with these various securities laws, then the Company may delay the delivery of Shares until the necessary approvals or filings are obtained.  In order for the Company to meet an exemption from securities registration requirements, it may also require the Participant to provide it with certain information, representations and warranties before it will issue Shares to the Participant.    
		

		
			 
		

		
			

		 

		

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			Delivery of Shares may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the rules of any securities exchange or similar entity.  Where applicable, the certificates evidencing any Shares may contain wording (or otherwise as appropriate in electronic format) indicating that conditions, restrictions, rights and obligations apply.
		

		
			 
		

		
			8.Taxes.  The Company or one of its Subsidiaries shall be entitled to (a) withhold and deduct from any amounts that may be due and owing to the Participant from the Company or a Subsidiary, or make other arrangements for the collection of, all legally required amounts necessary to satisfy any and all federal, state, and local withholding and employment-related tax requirements attributable to this Award; or (b) require the Participant promptly to remit the amount of such withholding to the Company or a Subsidiary before taking any action with respect to this Award.  Unless the Committee provides otherwise, withholding may be satisfied by withholding Stock to be received or by delivery to the Company or a Subsidiary of previously-owned Stock.
		

		
			 
		

		
			9.Clawback.  This Award is subject to the Company’s clawback rights set forth in Section 7.16 of the Plan.  The Participant’s receipt of this Award constitutes the Participant’s acknowledgment of and consent to the Company’s application of its clawback policies, as in effect from time to time, to this Award and to any Shares or other benefits received in connection herewith.     
		

		
			 
		

		
			10.Breach of Restrictive Covenants.  This Award may be subject to forfeiture if the Participant breaches a non-competition, non-solicitation, non-disclosure, non-disparagement or other restrictive covenant in any agreement between the Participant and the Company or any Subsidiary, as described in Section 7.17 of the Plan.
		

		
			 
		

		
			11.Change in Control.    
		

		
			 
		

		
			11.1PRSUs Assumed or Substituted by Surviving Entity.  If this Award is assumed by the surviving entity or otherwise equitably converted or substituted in connection with a Change in Control in a manner approved by the Committee or the Board,  the PRSUs will become fully vested at the end of the Performance Period as to the Target (100%) number of PRSUs set forth in  Section 1 above and settled as soon as administratively feasible, but no later than January 30 of the year following the last day of the Performance Period;  provided that the Participant does not incur a Termination of Service prior to the end of such Performance Period; and provided further that,  if, prior to the end of the Performance Period and within two years after the effective date of such Change in Control, the Participant incurs a Termination of Service by the Company (or such surviving entity),  the Target (100%) number of PRSUs set forth in Section 1 of this Agreement shall immediately vest and be settled within thirty (30) days following the effective date of the Participant’s Termination of Service.    
		

		
			 
		

		
			11.2PRSUs Not Assumed or Substituted by Surviving Entity.  To the extent that this Award is not assumed by the surviving entity or otherwise equitably converted or substituted in connection with the Change in Control in a manner approved by the Committee or the Board, then upon the occurrence of a Change in Control  the Fair Market Value of the Target (100%) number of PRSUs set forth in Section 1 above shall be determined as of the date of the Change in Control (the “PRSU Amount”).  The PRSU Amount will be paid in cash (without interest) to the Participant as soon as administratively feasible after the conclusion of the Performance Period.  If prior to the end of the Performance Period and within two years after the effective date of the Change in Control, the Participant incurs a Termination of Service by the Company (or such surviving entity),  then the PRSU Amount shall be paid to the Participant within thirty (30) days following the effective date of the Participant’s Termination of Service.    
		

		
			 
		

		
			12.Definitions.    Capitalized terms not defined herein shall be as defined in the Plan.  For purposes of this Agreement, the following term has the following definition:
		

		
			 
		

		
			

		 

		

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			12.1“Retirement” means the Participant incurs a Termination of Service upon  attaining age 70, the mandatory retirement age set forth in the Company’s bylaws for Bancorp Directors, and, if Participant is designated as a Senior Director (Director Emeritus), age 73.       
		

		
			 
		

		
			13.Amendment.  This Agreement shall not be modified except in a writing executed by the parties hereto.
		

		
			 
		

		
			14.Agreement Controls.  The Plan is incorporated in this Agreement by reference.  In the event of any conflict between the terms of this Agreement and the terms of the Plan, the provisions of the Agreement shall control.        
		

		
			    
		

		
			 
		

		
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			This Award has been issued by the Company by authority of its Compensation Committee.
		

		
			 
		

		
			
		

		
			OLD SECOND BANCORP, INC. 
		

		
			“Company”
		

		
			 
		

		
			
		

		
			
		

		
			By:     
		

		
			Its:           
		

		
			
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			Signature
		

		
			Name:  
		

		
			 
		

		
			“Participant”
		

		
			 
		

		
			 
		

		 

		

			5ExHIBIT
10.1

 

THIRD
amended and restated LIPOCINE INC.

2014 stock and INCENTIVE PLAN

 

Section 1.          Purpose

 

The purpose of the Plan is to promote the
interests of the Company and its stockholders by aiding the Company in attracting and retaining employees, officers, consultants,
advisors and non-employee Directors capable of assuring the future success of the Company, to offer such persons incentives to
put forth maximum efforts for the success of the Company’s business and to compensate such persons through various stock-based
arrangements and provide them with opportunities for stock ownership in the Company, thereby aligning the interests of such persons
with the Company’s stockholders.

 

Section 2.          Definitions

 

As used in the Plan, the following terms
shall have the meanings set forth below:

 

(a)          “Affiliate”
shall mean any entity that, directly or indirectly through one or more intermediaries, is controlled by the Company.

 

(b)          “Award”
shall mean any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Award or Dividend Equivalent
granted under the Plan.

 

(c)          “Award
Agreement” shall mean any written agreement, contract or other instrument or document evidencing an Award granted under
the Plan (including a document in an electronic medium) executed in accordance with the requirements of Section 9(b).

 

(d)          “Board”
shall mean the Board of Directors of the Company.

 

(e)          “Code”
shall mean the Internal Revenue Code of 1986, as amended from time to time, and any regulations promulgated thereunder.

 

(f)          “Change-in-Control
Event” shall mean the occurrence, in a single transaction or in a series of related transactions, of any one or more
of the following events:

 

		(i)	any Exchange Act Person becomes the Owner, directly or indirectly, of securities of the Company representing more than fifty
percent (50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger,
consolidation or similar transaction. Notwithstanding the foregoing, a Change-in-Control Event shall not be deemed to occur (A) on
account of the acquisition of securities of the Company by an investor, any affiliate thereof or any other Exchange Act Person
that acquires the Company’s securities in a transaction or series of related transactions the primary purpose of which is
to obtain financing for the Company through the issuance of equity securities or (B) solely because the level of Ownership
held by any Exchange Act Person (the “Subject Person”) exceeds the designated percentage threshold of the outstanding
voting securities as a result of a repurchase or other acquisition of voting securities by the Company reducing the number of shares
outstanding, provided that if a Change-in-Control Event would occur (but for the operation of this sentence) as a result of the
acquisition of voting securities by the Company, and after such share acquisition, the Subject Person becomes the Owner of any
additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the
then outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change-in-Control
Event shall be deemed to occur;

 

     

     

    

 

		(ii)	there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately
after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior
thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing more than fifty percent
(50%) of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction
or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving Entity in
such merger, consolidation or similar transaction, in each case in substantially the same proportions as their Ownership of the
outstanding voting securities of the Company immediately prior to such transaction;

 

		(iii)	there is consummated a sale, lease, exclusive license or other disposition of all or substantially all of the consolidated
assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all
of the consolidated assets of the Company and its Subsidiaries to an Entity, more than fifty percent (50%) of the combined
voting power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions as
their Ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, license or other disposition;
or

 

		(iv)	individuals who, on the date this Plan is adopted by the Board, are members of the Board (the “Incumbent Board”)
cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the appointment
or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members
of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the
Incumbent Board.

 

Notwithstanding the foregoing definition
or any other provision of this Plan, (A) the term Change-in-Control Event shall not include a sale of assets, merger or other
transaction effected exclusively for the purpose of changing the domicile of the Company, and (B) the definition of Change-in-Control
Event (or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant shall
supersede the foregoing definition with respect to Awards subject to such agreement; provided, however, that if no definition
of Change-in-Control Event or any analogous term is set forth in such an individual written agreement, the foregoing definition
shall apply.

 

(g)          “Committee”
shall mean the Compensation Committee of the Board or such other committee designated by the Board to administer the Plan. The
Committee shall be comprised of not less than such number of Directors as shall be required to permit Awards granted under the
Plan to qualify under Rule 16b-3, and each member of the Committee shall be a “non-employee director” within the meaning
of Rule 16b-3 and an “outside director” within the meaning of Section 162(m).

 

(h)          “Company”
shall mean Lipocine Inc., a Delaware corporation, and any successor corporation.

 

(i)          
“Director” shall mean a member of the Board.

 

(j)           “Dividend
Equivalent” shall mean any right granted under Section 6(e) of the Plan.

 

(k)          “Eligible
Person” shall mean any employee, officer, non-employee Director, consultant, independent contractor or advisor providing
services to the Company or any Affiliate, or any such person to whom an offer of employment or engagement with the Company or any
Affiliate is extended.

 

(l)           “Entity”
means a corporation, partnership, limited liability company or other entity.

 

(m)         “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

 

     

     

    

 

(n)          “Exchange
Act Person” means any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d)
of the Exchange Act), except that “Exchange Act Person” shall not include (i) the Company or any Subsidiary of
the Company, (ii) any employee benefit plan of the Company or any Subsidiary of the Company or any trustee or other fiduciary
holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily
holding securities pursuant to a registered public offering of such securities, (iv) an Entity Owned, directly or indirectly,
by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company; or (v) any
natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as
of the Effective Date, is the Owner, directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the combined voting power of the Company’s then outstanding securities.

 

(o)          “Fair
Market Value” with respect to one Share as of any date shall mean (a) if the Share is listed on any established stock
exchange, the price of one Share at the close of the regular trading session of such market or exchange on such date, as reported
by The Wall Street Journal or a comparable reporting service, or, if no sale of Shares shall have occurred on such date, on the
preceding date on which there was a sale of Shares; (b) if the Shares are not so listed on any established stock exchange, the
average of the closing “bid” and “asked” prices quoted by the OTC Bulletin Board, the National Quotation
Bureau, or any comparable reporting service on such date or, if there are no quoted “bid” and “asked” prices
on such date, on the next preceding date for which there are such quotes for a Share; or (c) if the Shares are not publicly traded
as of such date, the per share value of a Share, as determined by the Board, or any duly authorized Committee of the Board, in
its sole discretion, by applying principles of valuation with respect thereto.

 

(p)         
“Incentive Stock Option” shall mean an option granted under Section 6(a) of the Plan that is intended to meet
the requirements of Section 422 of the Code or any successor provision.

 

(q)         
“Non-Qualified Stock Option” shall mean an option granted under Section 6(a) of the Plan that is not intended
to be an Incentive Stock Option.

 

(r)           “Option”
shall mean an Incentive Stock Option or a Non-Qualified Stock Option to purchase shares of the Company.

 

(s)           “Own,”
“Owned,” “Owner,” “Ownership” a person or Entity shall be deemed to “Own,”
to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of securities if such
person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares
voting power, which includes the power to vote or to direct the voting, with respect to such securities.

 

(t)          
 “Participant” shall mean an Eligible Person designated to be granted an Award under the Plan.

 

(u)           “Performance
Award” shall mean any right granted under Section 6(d) of the Plan.

 

(v)          “Performance
Goal” shall mean one or more of the following performance goals, either individually, alternatively or in any combination,
applied on a corporate, subsidiary, division, business unit or line of business basis:

 

		·	economic value added (EVA);

 

		·	sales or revenue;

 

		·	costs or expenses;

 

		·	net profit after tax;

 

		·	gross profit;

 

     

     

    

 

		·	income (including without limitation operating income, pre-tax income and income attributable to the Company);

 

		·	cash flow (including without limitation free cash flow and cash flow from operating, investing or financing activities or any
combination thereof);

 

		·	earnings (including without limitation earnings before or after taxes, earnings before interest and taxes (EBIT), earnings
before interest, taxes, depreciation and amortization (EBITDA) and earnings (whether before or after taxes), EBIT or EBITDA as
a percentage of net sales;

 

		·	earnings per share (EPS) (basic or diluted);

 

		·	earnings per share from continuing operations;

 

		·	returns (including one or more of return on actual or pro forma assets, net assets, equity, investment, revenue, sales, capital
and net capital employed, total stockholder return (TSR) and total business return (TBR));

 

		·	margins (including one or more of gross, operating and net income margin);

 

		·	ratios (including one or more of price-to-earnings, debt-to-assets, debt-to-net assets and ratios regarding liquidity, solvency,
fiscal capacity, productivity or risk);

 

		·	budget comparisons;

 

		·	unit volume;

 

		·	stock price;

 

		·	net working capital;

 

		·	value creation;

 

		·	market share;

 

		·	market capitalization;

 

		·	workforce satisfaction and diversity goals;

 

		·	employee retention;

 

		·	production metrics;

 

		·	development;

 

		·	implementation or completion of key projects;

 

		·	strategic plan development and implementation;

 

		·	research and development milestones and objectives

 

		·	clinical trial milestones

 

     

     

    

 

		·	clinical trial objectives

 

		·	manufacturing objectives

 

		·	commercialization objectives; or

 

		·	financing or fund raising objectives.

 

Each such Performance Goal may be based
(i) solely by reference to absolute results of individual performance or organizational performance at various levels (e.g., the
Company’s performance or the performance of a subsidiary, division, business segment or business unit of the Company) or
(ii) upon organizational performance relative to the comparable performance of other companies selected by the Committee. To the
extent consistent with Section 162(m), the Committee may, when it establishes performance criteria, also provide for the exclusion
of charges related to an event or occurrence which the Committee determines should appropriately be excluded, including (X) asset-write
downs, litigation or claim judgments or settlements, reorganizations, the impact of acquisitions and divestitures, restructurings,
discontinued operations, extraordinary items, and other unusual or non-recurring charges, (Y) foreign exchange gains and losses
or an event either not directly related to the operations of the Company or not within the reasonable control of the Company’s
management, or (Z) the cumulative effects of tax or accounting changes in accordance with U.S. generally accepted accounting
principles (or other accounting principles which may then be in effect). To the extent that Section 162(m) or applicable tax and/or
securities laws change to permit Committee discretion to alter the governing performance measures without disclosing to stockholders
and obtaining stockholder approval of such changes and without thereby exposing the Company to potentially adverse tax or other
legal consequences, the Committee shall have the sole discretion to make such changes without obtaining stockholder approval.

  

(w)         “Person”
shall mean any individual or entity, including a corporation, partnership, limited liability company, association, joint venture
or trust.

 

(x)          “Plan”
shall mean the Third Amended and Restated Lipocine Inc. 2014 Stock and Incentive Plan, as amended from time to time.

 

(y)         
“Prior Stock Plan” shall mean the Lipocine Inc. 2011 Equity Incentive Plan, as amended from time to time.

 

(z)          “Restricted
Stock” shall mean any Share granted under Section 6(c) of the Plan.

 

(aa)        “Restricted
Stock Unit” shall mean any unit granted under Section 6(c) of the Plan evidencing the right to receive a Share (or a
cash payment equal to the Fair Market Value of a Share) at some future date.

 

(bb)        “Rule 16b-3”
shall mean Rule 16b-3 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as
amended, or any successor rule or regulation.

 

(cc)       “Section 162(m)”
shall mean Section 162(m) of the Code, or any successor provision, and the applicable Treasury Regulations promulgated thereunder.

 

(dd)       “Section 409A”
shall mean Section 409A of the Code, or any successor provision, and applicable Treasury Regulations and other applicable
guidance thereunder.

 

(ee)        “Securities
Act” shall mean the Securities Act of 1933, as amended.

 

(ff)          “Share”
or “Shares” shall mean the common stock of the Company (or such other securities or property as may become subject
to Awards pursuant to an adjustment made under Section 4(c) of the Plan).

 

     

     

    

 

(gg)       “Specified
Employee” shall mean a specified employee as defined in Section 409A(a)(2)(B) of the Code or applicable proposed
or final regulations under Section 409A, determined in accordance with procedures established by the Company and applied uniformly
with respect to all plans maintained by the Company that are subject to Section 409A.

 

(hh)       “Stock
Appreciation Right” shall mean any right granted under Section 6(b) of the Plan.

 

(ii)         “Subsidiary”
means, with respect to the Company, (i) any corporation of which more than fifty percent (50%) of the outstanding capital
stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether,
at the time, stock of any other class or classes of such corporation shall have or might have voting power by reason of the happening
of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability
company or other entity in which the Company has a direct or indirect interest (whether in the form of voting or participation
in profits or capital contribution) of more than fifty percent (50%).

 

Section 3.          Administration

 

(a)          Power
and Authority of the Committee. The Plan shall be administered by the Committee. Subject to the express provisions of the Plan
and to applicable law, the Committee shall have full power and authority to: (i) designate Participants; (ii) determine
the type or types of Awards to be granted to each Participant under the Plan; (iii) determine the number of Shares to be covered
by (or the method by which payments or other rights are to be calculated in connection with) each Award; (iv) determine the
terms and conditions of any Award or Award Agreement, including any terms relating to the forfeiture of any Award and the forfeiture,
recapture or disgorgement of any cash, Shares or other amounts payable with respect to any Award; (v) amend the terms and
conditions of any Award or Award Agreement, subject to the limitations under Section 7; (vi) accelerate the exercisability of any
Award or the lapse of any restrictions relating to any Award, subject to the limitations in Section 7, (vii) determine whether,
to what extent and under what circumstances Awards may be exercised in cash, Shares, other securities, other Awards or other property
(excluding promissory notes), or canceled, forfeited or suspended, subject to the limitations in Section 7; (viii) determine whether,
to what extent and under what circumstances amounts payable with respect to an Award under the Plan shall be deferred either automatically
or at the election of the holder thereof or the Committee, subject to the requirements of Section 409A; (ix)  interpret and
administer the Plan and any instrument or agreement, including an Award Agreement, relating to the Plan; (x) establish, amend,
suspend or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration
of the Plan; (xi) make any other determination and take any other action that the Committee deems necessary or desirable for
the administration of the Plan; and (xii) adopt such modifications, rules, procedures and subplans as may be necessary or desirable
to comply with provisions of the laws of non-U.S. jurisdictions in which the Company or an Affiliate may operate, including, without
limitation, establishing any special rules for Affiliates, Eligible Persons or Participants located in any particular country,
in order to meet the objectives of the Plan and to ensure the viability of the intended benefits of Awards granted to Participants
located in such non-United States jurisdictions. Unless otherwise expressly provided in the Plan, all designations, determinations,
interpretations and other decisions under or with respect to the Plan or any Award or Award Agreement shall be within the sole
discretion of the Committee, may be made at any time and shall be final, conclusive and binding upon any Participant, any holder
or beneficiary of any Award or Award Agreement, and any employee of the Company or any Affiliate.

  

     

     

    

 

(b)          Delegation.
The Committee shall have the right, from time to time, to delegate to one or more officers of the Company the authority of the
Committee to grant and determine the terms and conditions of Awards granted under the Plan, subject to the requirements of Section
157(c) of the Delaware General Corporation Law (or any successor provision) and such other limitations under applicable exchange
rules. In no event shall any such delegation of authority be permitted with respect to Awards to any members of the Board or to
any Eligible Person who is subject to Rule 16b-3 under the Exchange Act or Section 162(m). The Committee shall also be permitted
to delegate, to any appropriate officer or employee of the Company, responsibility for performing certain ministerial functions
under the Plan. In the event that the Committee’s authority is delegated to officers or employees in accordance with the
foregoing, all provisions of the Plan relating to the Committee shall be interpreted in a manner consistent with the foregoing
by treating any such reference as a reference to such officer or employee for such purpose. Any action undertaken in accordance
with the Committee’s delegation of authority hereunder shall have the same force and effect as if such action were undertaken
directly by the Committee and shall be deemed for all purposes of the Plan to have been taken by the Committee.

 

(c)          Power
and Authority of the Board. Notwithstanding anything to the contrary contained herein, (i) the Board may, at any time and from
time to time, without any further action of the Committee, exercise the powers and duties of the Committee under the Plan, unless
the exercise of such powers and duties by the Board would cause the Plan not to comply with the requirements of Rule 16b-3 or Section
162(m); and (ii) only the Committee (or another committee of the Board comprised of directors who qualify as independent directors,
to the extent required by applicable law or independence rules of any applicable securities exchange where the Shares are then
listed) may grant Awards to Directors who are not also employees of the Company or an Affiliate

 

(d)          Indemnification.
To the full extent permitted by law, (i) no member of the Board, the Committee or any person to whom the Committee delegates authority
under the Plan shall be liable for any action or determination taken or made in good faith with respect to the Plan or any Award
made under the Plan, and (ii) the members of the Board, the Committee and each person to whom the Committee delegates authority
under the Plan shall be entitled to indemnification by the Company with regard to such actions and determinations. The provisions
of this paragraph shall be in addition to such other rights of indemnification as a member of the Board, the Committee or any other
person may have by virtue of such person’s position with the Company.

 

Section 4.          Shares
Available for Awards

 

(a)          Shares
Available. Subject to adjustment as provided in Section 4(c) of the Plan, the aggregate number of Shares that may be issued
under all Awards under the Plan shall be the sum of (i) 2,950,000 (the authorized net increase of Shares in connection with the
adoption of the Plan amendment plus previously approved Plan Shares), (ii) 18,198 (the remaining Shares available for future awards
under the Prior Stock Plan as of April 15, 2018), and (iii) any Shares subject to any outstanding award under the Prior Stock Plan
that, after April 15, 2018, are not purchased or are forfeited or reacquired by the Company, or otherwise not delivered to the
Participant due to termination or cancellation of such award. The aggregate number of Shares that may be issued under all Awards
under the Plan shall be reduced by Shares subject to awards issued under the Plan (or issued under the Prior Stock Plan after April
15, 2018, if any) in accordance with the share counting rules described in Section 4(b) below. On and after stockholder approval
of this Plan, no awards shall be granted under the Prior Stock Plan, but all outstanding awards previously granted under the Prior
Stock Plan shall remain outstanding and subject to the terms of the Prior Stock Plan.

 

  

(b)          Counting
Shares. For purposes of this Section 4, if an Award entitles the holder thereof to receive or purchase Shares, the number of
Shares covered by such Award or to which such Award relates shall be counted on the date of grant of such Award against the aggregate
number of Shares available for granting Awards under the Plan. For purposes of determining the number of Shares covered on the
date of grant by an Option or a Stock Appreciation Right, the aggregate number of Shares with respect to which the Option or Stock
Appreciation Right is to be exercised shall be counted against the number of Shares available for Awards under the Plan (without
regard to the number of actual Shares issued upon exercise or settlement). If any Shares covered by an Award or to which an Award
relates are not purchased or are forfeited or are reacquired by the Company (including shares of Restricted Stock and Restricted
Stock Units, whether or not dividends have been paid on such shares), or if an Award otherwise terminates or is cancelled without
delivery of any Shares, then the number of Shares counted pursuant to Section 4(b) of the Plan against the aggregate number of
Shares available under the Plan with respect to such Award, to the extent of any such forfeiture, reacquisition by the Company,
termination or cancellation, shall again be available for granting Awards under the Plan. Notwithstanding anything to the contrary
in this Section 4, the following Shares will not again become available for issuance under the Plan: (i) any Shares which would
have been issued upon any exercise of an Option but for the fact that the exercise price was paid by a “net exercise”
pursuant to Section 6(a)(iii)(B) or any Shares tendered in payment of the exercise price of an Option; (ii) any Shares withheld
by the Company or Shares tendered to satisfy any tax withholding obligation with respect to an Option or Stock Appreciation Right;
(iii) Shares covered by a Stock Appreciation Right issued under the Plan that are not issued in connection with settlement in Shares
upon exercise; or (iv) Shares that are repurchased by the Company using Option exercise proceeds.

 

     

     

    

 

(c)          Adjustments.
In the event that any dividend (other than regular cash dividends) or other distribution (whether in the form of cash, Shares,
other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other
rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares
such that an adjustment is necessary in order to prevent dilution or enlargement of the benefits or potential benefits intended
to be made available under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the
number and type of Shares (or other securities or other property) that thereafter may be made the subject of Awards, (ii) the
number and type of Shares (or other securities or other property) subject to outstanding Awards, (iii) the purchase price
or exercise price with respect to any Award and (iv) the limitations contained in Section 4(d)(i) below; provided, however,
that the number of Shares covered by any Award or to which such Award relates shall always be a whole number. Such adjustment shall
be made by the Committee or the Board, whose determination in that respect shall be final, binding and conclusive.

  

(d)          Award
Limitations Under the Plan.

 

		(i)	Section 162(m) Limitation for Performance Awards Denominated in Shares. No Eligible Person may be granted any Performance
Awards denominated in Shares, for more than 400,000 Shares (subject to adjustment as provided for in Section 4(c) of the Plan),
in the aggregate in any calendar year.

 

		(ii)	Section 162(m) Limitation for Performance Awards Denominated in Cash. The maximum amount payable pursuant to all Performance
Awards denominated in cash to any Participant in the aggregate in any taxable year shall be $2,000,000 in value, whether payable
in cash, Shares or other property. This limitation contained in this Section 4(d)(ii) does not apply to any Award or Awards subject
to the limitation contained in Section 4(d)(i). The limitation contained in this Section 4(d)(ii) shall apply only with respect
to any Award or Awards granted under this Plan, and limitations on awards granted under any other stockholder-approved incentive
plan maintained by the Company will be governed solely by the terms of such other plan.

 

		(iii)	Limit on Awards to Non-Employee Directors. Directors who are not also employees of the Company or an Affiliate may not
be granted Awards in in any calendar year of more than 30,000 Shares, subject to adjustment as provided in Section 4(c) of the
Plan.

 

Section 5.            Eligibility

 

Any Eligible Person shall be eligible to
be designated as a Participant. In determining which Eligible Persons shall receive an Award and the terms of any Award, the Committee
may take into account the nature of the services rendered by the respective Eligible Persons, their present and potential contributions
to the success of the Company or such other factors as the Committee, in its discretion, shall deem relevant. Notwithstanding the
foregoing, an Incentive Stock Option may only be granted to full-time or part-time employees (which term as used herein includes,
without limitation, officers and Directors who are also employees), and an Incentive Stock Option shall not be granted to an employee
of an Affiliate unless such Affiliate is also a “subsidiary corporation” of the Company within the meaning of Section 424(f)
of the Code or any successor provision.

 

     

     

    

 

Section 6.            Awards

 

(a)          Options.
The Committee is hereby authorized to grant Options to Eligible Persons with the following terms and conditions and with such additional
terms and conditions not inconsistent with the provisions of the Plan as the Committee shall determine:

 

		(i)	Exercise Price. The purchase price per Share purchasable under an Option shall be determined by the Committee and shall
not be less than 100% of the Fair Market Value of a Share on the date of grant of such Option; provided, however, that the
Committee may designate a purchase price below Fair Market Value on the date of grant if the Option is granted in substitution
for a stock option previously granted by an entity that is acquired by or merged with the Company or an Affiliate.

 

		(ii)	Option Term. The term of each Option shall be fixed by the Committee at the time but shall not be longer than 10 years
from the date of grant.

 

		(iii)	Time and Method of Exercise. The Committee shall determine the time or times at which an Option may be exercised in
whole or in part and the method or methods by which, and the form or forms, including, but not limited to, cash, Shares (actually
or by attestation), other securities, other Awards or other property, or any combination thereof, having a Fair Market Value on
the exercise date equal to the applicable exercise price, in which, payment of the exercise price with respect thereto may be made
or deemed to have been made.

 

		(A)	Promissory Notes. Notwithstanding the foregoing, the Committee may not accept a promissory note as consideration.

 

		(B)	Net Exercises. The Committee may, in its discretion, permit an Option to be exercised by delivering to the Participant
a number of Shares having an aggregate Fair Market Value (determined as of the date of exercise) equal to the excess, if positive,
of the Fair Market Value of the Shares underlying the Option being exercised on the date of exercise, over the exercise price of
the Option for such Shares.

 

		(iv)	Incentive Stock Options. Notwithstanding anything in the Plan to the contrary, the following additional provisions shall
apply to the grant of stock options which are intended to qualify as Incentive Stock Options:

 

		(A)	The Committee will not grant Incentive Stock Options in which the aggregate Fair Market Value (determined as of the time the
Option is granted) of the Shares with respect to which Incentive Stock Options are exercisable for the first time by any Participant
during any calendar year (under this Plan and all other plans of the Company and its Affiliates) shall exceed $100,000.

 

		(B)	All Incentive Stock Options must be granted within ten years from the earlier of the date on which this Plan was adopted by
the Board or the date this Plan was approved by the stockholders of the Company.

 

		(C)	Unless sooner exercised, all Incentive Stock Options shall expire and no longer be exercisable no later than 10 years after
the date of grant; provided, however, that in the case of a grant of an Incentive Stock Option to a Participant who,
at the time such Option is granted, owns (within the meaning of Section 422 of the Code) stock possessing more than 10% of
the total combined voting power of all classes of stock of the Company or of its Affiliates, such Incentive Stock Option shall
expire and no longer be exercisable no later than five years from the date of grant.

 

     

     

    

 

		(D)	The purchase price per Share for an Incentive Stock Option shall be not less than 100% of the Fair Market Value of a Share
on the date of grant of the Incentive Stock Option; provided, however, that, in the case of the grant of an Incentive
Stock Option to a Participant who, at the time such Option is granted, owns (within the meaning of Section 422 of the Code)
stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or of its Affiliates,
the purchase price per Share purchasable under an Incentive Stock Option shall be not less than 110% of the Fair Market Value of
a Share on the date of grant of the Incentive Stock Option.

 

		(E)	Any Incentive Stock Option authorized under the Plan shall contain such other provisions as the Committee shall deem advisable
but shall in all events be consistent with and contain all provisions required in order to qualify the Option as an Incentive Stock
Option. 

 

(b)          Stock
Appreciation Rights. The Committee is hereby authorized to grant Stock Appreciation Rights to Eligible Persons subject to the
terms of the Plan and any applicable Award Agreement. A Stock Appreciation Right granted under the Plan shall confer on the holder
thereof a right to receive upon exercise thereof the excess of (i) the Fair Market Value of one Share on the date of exercise
over (ii) the grant price of the Stock Appreciation Right as specified by the Committee, which price shall not be less than
100% of the Fair Market Value of one Share on the date of grant of the Stock Appreciation Right; provided, however, that
the Committee may designate a grant price below Fair Market Value on the date of grant if the Stock Appreciation Right is granted
in substitution for a stock appreciation right previously granted by an entity that is acquired by or merged with the Company or
an Affiliate. Subject to the terms of the Plan and any applicable Award Agreement, the grant price, term, methods of exercise,
dates of exercise, methods of settlement and any other terms and conditions of any Stock Appreciation Right shall be as determined
by the Committee (except that the term of each Stock Appreciation Right shall be subject to the term limitation in Section 6(a)(ii)
applicable to Options). The Committee may impose such conditions or restrictions on the exercise of any Stock Appreciation Right
as it may deem appropriate.

   

(c)          Restricted
Stock and Restricted Stock Units. The Committee is hereby authorized to grant an Award of Restricted Stock and Restricted Stock
Units to Eligible Persons with the following terms and conditions and with such additional terms and conditions not inconsistent
with the provisions of the Plan as the Committee shall determine:

 

		(i)	Restrictions. Shares of Restricted Stock and Restricted Stock Units shall be subject to such restrictions as the Committee
may impose (including, without limitation, any limitation on the right to vote a Share of Restricted Stock or the right to receive
any dividend or other right or property with respect thereto), which restrictions may lapse separately or in combination at such
time or times, in such installments or otherwise as the Committee may deem appropriate. Notwithstanding the foregoing, rights to
dividend or Dividend Equivalent payments shall be subject to the limitations described in Section 6(e).

 

		(ii)	Issuance and Delivery of Shares. Any Restricted Stock granted under the Plan shall be issued at the time such Awards
are granted and may be evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance
of a stock certificate or certificates, which certificate or certificates shall be held by the Company or held in nominee name
by the stock transfer agent or brokerage service selected by the Company to provide such services for the Plan. Such certificate
or certificates shall be registered in the name of the Participant and shall bear an appropriate legend referring to the restrictions
applicable to such Restricted Stock. Shares representing Restricted Stock that are no longer subject to restrictions shall be delivered
(including by updating the book-entry registration) to the Participant promptly after the applicable restrictions lapse or are
waived. In the case of Restricted Stock Units, no Shares shall be issued at the time such Awards are granted. Upon the lapse or
waiver of restrictions and the restricted period relating to Restricted Stock Units evidencing the right to receive Shares, such
Shares shall be issued and delivered to the holder of the Restricted Stock Units.

 

     

     

    

 

		(iii)	Forfeiture. Except as otherwise determined by the Committee, upon a Participant’s termination of employment or
resignation or removal as a Director (in either case, as determined under criteria established by the Committee) during the applicable
restriction period, all Shares of Restricted Stock and all Restricted Stock Units held by such Participant at such time shall be
forfeited and reacquired by the Company; provided, however, that the Committee may waive in whole or in part any
or all remaining restrictions with respect to Shares of Restricted Stock or Restricted Stock Units. 

 

(d)          Performance
Awards. The Committee is hereby authorized to grant to Eligible Persons Performance Awards that are intended to be “qualified
performance-based compensation” within the meaning of Section 162(m). A Performance Award granted under the Plan (i) may
be denominated or payable in cash, Shares (including, without limitation, Restricted Stock and Restricted Stock Units), other securities,
other Awards or other property and (ii) shall confer on the holder thereof the right to receive payments, in whole or in part,
upon the achievement of one or more objective Performance Goals during such performance periods as the Committee shall establish.
Subject to the terms of the Plan, the Performance Goals to be achieved during any performance period, the length of any performance
period, the amount of any Performance Award granted, the amount of any payment or transfer to be made pursuant to any Performance
Award and any other terms and conditions of any Performance Award shall be determined by the Committee. Performance Awards shall
be conditioned solely on the achievement of one or more objective Performance Goals established by the Committee within the time
prescribed by Section 162(m) and shall otherwise comply with the requirements of Section 162(m), as described below. 

 

		(i)	Timing of Designations; Duration of Performance Periods. For each Performance Award, the Committee shall, not later
than 90 days after the beginning of each performance period, (i) designate all Participants for such performance period and (ii)
establish the objective performance factors for each Participant for that performance period on the basis of one or more of the
Performance Goals, the outcome of which is substantially uncertain at the time the Committee actually establishes the Performance
Goal. The Committee shall have sole discretion to determine the applicable performance period, provided that in the case of a performance
period less than 12 months, in no event shall a performance goal be considered to be pre-established if it is established after
25 percent of the performance period (as scheduled in good faith at the time the Performance Goal is established) has elapsed.
To the extent required under Section 162(m), the terms of the objective performance factors must preclude discretion to increase
an amount paid in connection with an Award but may permit discretion to reduce such amount.

 

		(ii)	Certification. Following the close of each performance period and prior to payment of any amount to a Participant with
respect to a Performance Award, the Committee shall certify in writing as to the attainment of all factors (including the performance
factors for a Participant) upon which any payments to a Participant for that performance period are to be based.

 

(e)          Dividend
Equivalents. The Committee is hereby authorized to grant Dividend Equivalents to Eligible Persons under which the Participant
shall be entitled to receive payments (in cash, Shares, other securities, other Awards or other property as determined in the discretion
of the Committee) equivalent to the amount of cash dividends paid by the Company to holders of Shares with respect to a number
of Shares determined by the Committee. Subject to the terms of the Plan and any applicable Award Agreement, such Dividend Equivalents
may have such terms and conditions as the Committee shall determine. Notwithstanding the foregoing, (i) the Committee may not grant
Dividend Equivalents to Eligible Persons in connection with grants of Options or Stock Appreciation Rights to such Eligible Persons,
and (ii) no dividend or Dividend Equivalent payments shall be made to a Participant with respect to any Performance Award or other
Award subject to performance-based vesting conditions prior to the date on which all conditions or restrictions relating to such
Award (or portion thereof to which the dividend or Dividend Equivalent relates) have been satisfied, waived or lapsed.

 

     

     

    

 

(f)          General.

 

		(i)	Consideration for Awards. Awards may be granted for no cash consideration or for any cash or other consideration as
may be determined by the Committee or required by applicable law.

 

		(ii)	Awards May Be Granted Separately or Together. Awards may, in the discretion of the Committee, be granted either alone
or in addition to, in tandem with or in substitution for any other Award or any award granted under any other plan of the Company
or any Affiliate. Awards granted in addition to or in tandem with other Awards or in addition to or in tandem with awards granted
under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the
grant of such other Awards or awards.

 

		(iii)	Forms of Payment under Awards. Subject to the terms of the Plan and of any applicable Award Agreement, payments or transfers
to be made by the Company or an Affiliate upon the grant, exercise or payment of an Award may be made in such form or forms as
the Committee shall determine (including, without limitation, cash, Shares, other securities (but excluding promissory notes),
other Awards or other property or any combination thereof), and may be made in a single payment or transfer, in installments or
on a deferred basis, in each case in accordance with rules and procedures established by the Committee. Such rules and procedures
may include, without limitation, provisions for the payment or crediting of reasonable interest on installment or deferred payments
or the grant or crediting of Dividend Equivalents with respect to installment or deferred payments.

 

		(iv)	Limits on Transfer of Awards. Except as otherwise provided by the Committee in its discretion and subject to such additional
terms and conditions as it determines, no Award (other than fully vested and unrestricted Shares issued pursuant to any Award)
and no right under any such Award shall be transferable by a Participant other than by will or by the laws of descent and distribution,
and no Award (other than fully vested and unrestricted Shares issued pursuant to any Award) or right under any such Award may be
pledged, alienated, attached or otherwise encumbered, and any purported pledge, alienation, attachment or encumbrance thereof shall
be void and unenforceable against the Company or any Affiliate. If the Committee does permit the transfer of an Award other than
a fully vested and unrestricted Share, such transfer shall be for no value and in accordance with the rules of Form S-8. The Committee
may establish procedures as it deems appropriate for a Participant to designate a person or persons, as beneficiary or beneficiaries,
to exercise the rights of the Participant and receive any property distributable with respect to any Award in the event of the
Participant’s death.

 

		(v)	Restrictions; Securities Exchange Listing. All Shares or other securities delivered under the Plan pursuant to any Award
or the exercise thereof shall be subject to such restrictions as the Committee may deem advisable under the Plan, applicable federal
or state securities laws and regulatory requirements, and the Committee may cause appropriate entries to be made with respect to,
or legends to be placed on the certificates for, such Shares or other securities to reflect such restrictions. The Company shall
not be required to deliver any Shares or other securities covered by an Award unless and until the requirements of any federal
or state securities or other laws, rules or regulations (including the rules of any securities exchange) as may be determined by
the Company to be applicable are satisfied.

 

     

     

    

 

		(vi)	Option and Stock Appreciation Right Repricing. The Committee may effect any repricing of any previously granted, “underwater”
Option or Stock Appreciation Right by: (i) amending or modifying the terms of the Option or Stock Appreciation Right to lower the
exercise price; (ii) canceling the underwater Option or Stock Appreciation Right and granting either (A) replacement Options or
Stock Appreciation Rights having a lower exercise price; or (B) Restricted Stock, Restricted Stock Units, Performance Award or
Other Stock-Based Award in exchange; or (iii) repurchasing the underwater Option or Stock Appreciation Right. An Option or Stock
Appreciation Right will be deemed to be “underwater” at any time when the Fair Market Value of the Shares covered by
such Option or Stock Appreciation Right is less than the exercise price.

 

		(vii)	Section 409A Provisions. Notwithstanding anything in the Plan or any Award Agreement to the contrary, to the extent
that any amount or benefit that constitutes “deferred compensation” to a Participant under Section 409A and applicable
guidance thereunder is otherwise payable or distributable to a Participant under the Plan or any Award Agreement solely by reason
of the occurrence of a change in control or due to the Participant’s disability or “separation from service”
(as such term is defined under Section 409A), such amount or benefit will not be payable or distributable to the Participant by
reason of such circumstance unless the Committee determines in good faith that (i) the circumstances giving rise to such change
in control, disability or separation from service meet the definition of a change in ownership or effective control, disability,
or separation from service, as the case may be, in Section 409A(a)(2)(A) of the Code and applicable proposed or final regulations,
or (ii) the payment or distribution of such amount or benefit would be exempt from the application of Section 409A by reason of
the short-term deferral exemption or otherwise. Any payment or distribution that otherwise would be made to a Participant who is
a Specified Employee (as determined by the Committee in good faith) on account of separation from service may not be made before
the date which is six months after the date of the Specified Employee’s separation from service (or if earlier, upon the
Specified Employee’s death) unless the payment or distribution is exempt from the application of Section 409A by reason of
the short-term deferral exemption or otherwise.. 

 

Section 7.            Amendment
and Termination; Corrections

 

(a)          Amendments
to the Plan and Awards. The Board may from time to time amend, suspend or terminate this Plan, and the Committee may amend
the terms of any previously granted Award, provided that no amendment to the terms of any previously granted Award may, (except
as expressly provided in the Plan) adversely alter or impair the terms or conditions of the Award previously granted to a Participant
under this Plan without the written consent of the Participant or holder thereof. Any amendment to this Plan, or to the terms of
any Award previously granted, is subject to compliance with all applicable laws, rules, regulations and policies of any applicable
governmental entity or securities exchange, including receipt of any required approval from the governmental entity or stock exchange.
For greater certainty and without limiting the foregoing, the Board may amend, suspend, terminate or discontinue the Plan, and
the Committee may amend or alter any previously granted Award, as applicable, without obtaining the approval of stockholders of
the Company in order to:

 

		(i)	amend the eligibility for, and limitations or conditions imposed upon, participation in the Plan;

 

		(ii)	amend any terms relating to the granting or exercise of Awards, including but not limited to terms relating to the amount and
payment of the exercise price, or the vesting, expiry, assignment or adjustment of Awards, or otherwise waive any conditions of
or rights of the Company under any outstanding Award, prospectively or retroactively;

 

		(iii)	make changes that are necessary or desirable to comply with applicable laws, rules, regulations and policies of any applicable
governmental entity or stock exchange (including amendments to Awards necessary or desirable to avoid any adverse tax results under
Section 409A, and no action taken to comply with Section 409A shall be deemed to impair or otherwise adversely alter or impair
the rights of any holder of an Award or beneficiary thereof); or

 

     

     

    

 

		(iv)	amend any terms relating to the administration of the Plan, including the terms of any administrative guidelines or other rules
related to the Plan.

 

For greater certainty, prior approval
of the stockholders of the Company shall be required for any amendment to the Plan or an Award that would:

 

		(i)	require stockholder approval under the rules or regulations of the Securities and Exchange Commission, the NASDAQ Stock Market
or any other securities exchange that are applicable to the Company;

 

		(ii)	increase the number of shares authorized under the Plan as specified in Section 4(a) of the Plan;

 

		(iii)	increase the number of shares or value subject to the limitations contained in Section 4(d) of the Plan or otherwise cause
Section 162(m) to become unavailable with respect to the Plan;

 

		(iv)	permit the award of Options or Stock Appreciation Rights at a price less than 100% of the Fair Market Value of a Share on the
date of grant of such Option or Stock Appreciation Right, contrary to the provisions of Section 6(a)(i) and Section 6(b) of the
Plan; or

 

		(v)	increase the maximum term permitted for Options and Stock Appreciation Rights as specified in Section 6(a)(ii) and Section
6(b).

 

(b)          Corporate
Transactions. In the event of any Change in Control Event, reorganization, merger, consolidation, split-up, spin-off, combination,
plan of arrangement, take-over bid or tender offer, repurchase or exchange of Shares or other securities of the Company or any
other similar corporate transaction or event involving the Company (or the Company shall enter into a written agreement to undergo
such a transaction or event), any such event defined herein as a “Corporate Transaction”, the Committee or the Board
may, in its sole discretion, provide for one or more of the following to be effective upon the consummation of the event (or effective
immediately prior to the consummation of the event, provided that the consummation of the event subsequently occurs), and no action
taken under this Section 7(b) shall be deemed to impair or otherwise adversely alter or impair the rights of any holder of an Award
or beneficiary thereof:

 

		(i)	either (A) termination of any Award, whether or not vested, in exchange for an amount of cash and/or other property, if
any, equal to the gain that would have been attained upon the exercise of the Award or realization of the Participant’s rights
or (B) the replacement of the Award with other rights or property of comparable value selected by the Committee or the Board,
in its sole discretion;

 

		(ii)	that the Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted
for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary
thereof, with appropriate adjustments as to the number and kind of shares and prices;

 

		(iii)	that the Award shall be exercisable or payable or fully vested with respect to all Shares covered thereby, notwithstanding
anything to the contrary in the applicable Award Agreement; or

 

		(iv)	that the Award cannot vest, be exercised or become payable after a date certain in the future, which may be the effective date
of the event. 

 

     

     

    

 

Notwithstanding the foregoing, with respect to any Award, or
any portion thereof, that is neither assumed by the successor or survivor corporation nor substituted as provided in (b)(ii) above,
then the portion of the Award that is not assumed or substituted shall become fully vested, exercisable and payable with respect
to all shares covered thereby. Furthermore, in the event the Committee or the Board uses its discretion under Section 7(b)(i)(A)
above to terminate an unexercised Option or Stock Appreciation Right held by a Participant who has not terminated employment or
otherwise separated from service with the Company and its Affiliates, and if the Black Scholes value of the Option or Stock Appreciation
Right (determined at the time the Award is terminated) exceeds the gain that would have been realized upon exercise of the Option
or Stock Appreciation Right, the Company shall pay an additional cash bonus equal to the excess of the Black Scholes value over
the gain (if any) that would have been realized upon exercise. In such event where the Black Scholes value exceeds the gain that
would have been realized upon exercise of the Option or Stock Appreciation Right, the excess shall be treated as a short-term deferral
for purposes of Section 409A, payable upon the Corporate Transaction to Participants who are then in employment or service with
the Company and its Affiliates and solely in connection with the termination of the Option or Stock Appreciation Right as described
in Section 7(b)(i)(A) above, and not in connection with any exercise of the Option or Stock Appreciation Right.

 

(c)          Correction
of Defects, Omissions and Inconsistencies. The Committee may, without prior approval of the stockholders of the Company, correct
any defect, supply any omission or reconcile any inconsistency in the Plan or in any Award or Award Agreement in the manner and
to the extent it shall deem desirable to implement or maintain the effectiveness of the Plan.

 

Section 8.          Income
Tax Withholding

 

In order to comply with all applicable federal,
state, local or foreign income tax laws or regulations, the Company may take such action as it deems appropriate to ensure that
all applicable federal, state, local or foreign payroll, withholding, income or other taxes, which are the sole and absolute responsibility
of a Participant, are withheld or collected from such Participant. In order to assist a Participant in paying all or a portion
of the applicable taxes to be withheld or collected upon exercise or receipt of (or the lapse of restrictions relating to) an Award,
the Committee, in its discretion and subject to such additional terms and conditions as it may adopt, may permit the Participant
to satisfy such tax obligation by (a) electing to have the Company withhold a portion of the Shares otherwise to be delivered
upon exercise or receipt of (or the lapse of restrictions relating to) such Award with a Fair Market Value equal to the amount
of such taxes (but only to the extent necessary to satisfy minimum statutory withholding requirements) or (b) delivering to
the Company Shares other than Shares issuable upon exercise or receipt of (or the lapse of restrictions relating to) such Award
with a Fair Market Value equal to the amount of such taxes. The election, if any, must be made on or before the date that the amount
of tax to be withheld is determined.

 

Section 9.          General
Provisions

 

(a)          No
Rights to Awards. No Eligible Person, Participant or other person shall have any claim to be granted any Award under the Plan,
and there is no obligation for uniformity of treatment of Eligible Persons, Participants or holders or beneficiaries of Awards
under the Plan. The terms and conditions of Awards need not be the same with respect to any Participant or with respect to different
Participants.

  

(b)          Award
Agreements. No Participant shall have rights under an Award granted to such Participant unless and until an Award Agreement
shall have been signed by the Participant (if requested by the Company), or until such Award Agreement is delivered and accepted
through an electronic medium in accordance with procedures established by the Company. An Award Agreement need not be signed by
a representative of the Company unless required by the Committee. Each Award Agreement shall be subject to the applicable terms
and conditions of the Plan and any other terms and conditions (not inconsistent with the Plan) determined by the Committee.

 

(c)          Plan
Provisions Control. In the event that any provision of an Award Agreement conflicts with or is inconsistent in any respect
with the terms of the Plan as set forth herein or subsequently amended, the terms of the Plan shall control.

 

     

     

    

 

(d)          No
Rights of Stockholders. Except with respect to Shares issued under Awards (and subject to such conditions as the Committee
may impose on such Awards pursuant to Section 6(c)(i) or Section 6(e)), neither a Participant nor the Participant’s legal
representative shall be, or have any of the rights and privileges of, a stockholder of the Company with respect to any Shares issuable
upon the exercise or payment of any Award, in whole or in part, unless and until such Shares have been issued.

 

(e)          No
Limit on Other Compensation Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting
or continuing in effect other or additional compensation plans or arrangements, and such plans or arrangements may be either generally
applicable or applicable only in specific cases.

 

(f)          No
Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained as an employee
of the Company or any Affiliate, nor will it affect in any way the right of the Company or an Affiliate to terminate a Participant’s
employment at any time, with or without cause, in accordance with applicable law. In addition, the Company or an Affiliate may
at any time dismiss a Participant from employment free from any liability or any claim under the Plan or any Award, unless otherwise
expressly provided in the Plan or in any Award Agreement. Nothing in this Plan shall confer on any person any legal or equitable
right against the Company or any Affiliate, directly or indirectly, or give rise to any cause of action at law or in equity against
the Company or an Affiliate. Under no circumstances shall any person ceasing to be an employee of the Company or any Affiliate
be entitled to any compensation for any loss of any right or benefit under the Plan which such employee might otherwise have enjoyed
but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach
of contract or otherwise. By participating in the Plan, each Participant shall be deemed to have accepted all the conditions of
the Plan and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.

 

(g)          Governing
Law. The internal law, and not the law of conflicts, of the State of Delaware shall govern all questions concerning the validity,
construction and effect of the Plan or any Award, and any rules and regulations relating to the Plan or any Award.

 

(h)          Severability.
If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction
or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or
deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of
the Committee, materially altering the purpose or intent of the Plan or the Award, such provision shall be stricken as to such
jurisdiction or Award, and the remainder of the Plan or any such Award shall remain in full force and effect.

 

(i)          No
Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any
kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other person. To the extent that
any person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no
greater than the right of any unsecured general creditor of the Company or any Affiliate.

 

 

(j)          Other
Benefits. No compensation or benefit awarded to or realized by any Participant under the Plan shall be included for the purpose
of computing such Participant’s compensation or benefits under any pension, retirement, savings, profit sharing, group insurance,
disability, severance, termination pay, welfare or other benefit plan of the Company, unless required by law or otherwise provided
by such other plan.

 

(k)          No
Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall
determine whether cash shall be paid in lieu of any fractional Share or whether such fractional Share or any rights thereto shall
be canceled, terminated or otherwise eliminated.

 

(l)          Headings.
Headings are given to the sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall
not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof.

 

     

     

    

 

Section 10.       Clawback
or Recoupment

 

All Awards under this Plan shall be subject
to forfeiture or other penalties pursuant to any Company clawback policy, as may be adopted or amended from time to time, and such
forfeiture and/or penalty conditions or provisions as determined by the Committee.

 

 

Section 11.       Effective
Date of the Plan

 

The Plan was adopted by the Board on April
16, 2018. The Plan shall be subject to approval by the stockholders of the Company at the annual meeting of stockholders of the
Company to be held on June 13, 2018, and the Plan shall be effective as of the date of such stockholder approval (the “Effective
Date”). On and after stockholder approval of the Plan, no awards shall be granted under the Prior Stock Plan, but all outstanding
awards previously granted under the Prior Stock Plan shall remain outstanding and subject to the terms of the Prior Plan.

 

Section 12.       Term
of the Plan

 

No Award shall be granted under the Plan,
and the Plan shall terminate, on April 15, 2024 or any earlier date of discontinuation or termination established pursuant to Section 7(a)
of the Plan; provided, however, that no Performance Award shall be granted under the Plan after the first stockholder meeting
to occur in the fifth year following the year in which stockholders approved the Performance Goals unless and until the Performance
Goals or the Plan is re-approved by the stockholders. Unless otherwise expressly provided in the Plan or in an applicable Award
Agreement, any Award theretofore granted may extend beyond such dates, and the authority of the Committee provided for hereunder
with respect to the Plan and any Awards, and the authority of the Board to amend the Plan, shall extend beyond the termination
of the Plan.

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