Document:

1997 Equity Participation Plan of IPC

 Exhibit 10.24 
 THE 1997 EQUITY PARTICIPATION PLAN 
 OF 
 INPATIENT CONSULTANTS MANAGEMENT, INC. 
 InPatient Consultants Management, Inc.,
a California corporation, has adopted The 1997 Equity Participation Plan (the “Plan”), effective October 22, 1997, for the benefit of its eligible Employees, Consultants and directors. 
 The purposes of this Plan are as follows: 
 (1) To provide an additional incentive for directors, key Employees and Consultants to further the growth, development and financial success of the Company by personally benefiting through the ownership of Company stock and/or rights which
recognize such growth, development and financial success. 
 (2) To enable the Company to obtain and retain the services of directors, key
Employees and Consultants considered essential to the long range success of the Company by offering them an opportunity to own stock in the Company and/or rights which will reflect the growth, development and financial success of the Company.

 ARTICLE 1 
 DEFINITIONS 
 1.1 General. Wherever the following terms are used in this Plan they shall have the meaning specified
below, unless the context clearly indicates otherwise. 
 1.2 Award Limit. “Award Limit” shall mean
                     shares of Common Stock. 
 1.3 Board. “Board” shall mean the Board of Directors of the Company. 
 1.4 Change in
Control. “Change in Control” shall mean a change in ownership or control of the Company effected through either of the following transactions: 
 (a) any person or related group of persons (other than the Company or a person that directly or indirectly controls, is controlled by, or
is under, common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power
of the Company’s outstanding securities pursuant to a tender or exchange offer made directly to the Company’s shareholders which the Board does not recommend such shareholders to accept; or 
 (b) there is a change in the composition of the Board over a period of thirty-six (36) consecutive months (or less) such that a
majority of the Board members (rounded up to the nearest whole number) ceases, by reason of one or more elections of Board 

  

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members, to be comprised of individuals who either (i) have been Board members continuously since the beginning of such period or (ii) have been
elected or nominated for election as Board members during such period by at least a majority of the Board members described in clause (i) who were still in office at the time such election or nomination was approved by the Board. 
 1.5 Code. “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 1.6 Committee. “Committee” shall mean the Compensation Committee of the Board, or another committee, or a subcommittee of the Board,
appointed as provided in Section 8.1, or, if none, shall mean the Board. 
 1.7 Common Stock. “Common Stock” shall mean
the common stock of the Company and any equity security of the Company issued or authorized to be issued in the future, but excluding any preferred stock and any warrants, options or other rights to purchase Common Stock. Debt securities of the
Company convertible into Common Stock shall be deemed equity securities of the Company. 
 1.8 Company. “Company” shall mean
InPatient Consultants Management, Inc., a California corporation, or its successor. 
 1.9 Consultant. “Consultant” shall
mean an independent contractor who provides consulting services to the Company. 
 1.10 Corporate Transaction. “Corporate
Transaction” shall mean any of the following shareholder-approved transactions to which the Company is a party: 
 (a) a
merger or consolidation in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change the state in which the Company is incorporated, form a holding company or effect a similar reorganization
as to form whereupon this Plan and all Options are assumed by the successor entity; 
 (b) the sale, transfer, exchange or
other disposition of all or substantially all of the assets of the Company, in complete liquidation or dissolution of the Company in a transaction not covered by the exceptions to clause (a) above; or 
 (c) any reverse merger in which the Company is the surviving entity but in which securities possessing more than fifty percent
(50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such merger. 
 1.11 Deferred Stock. “Deferred Stock” shall mean Common Stock awarded under Article VII of this Plan. 
 1.12 Director. “Director” shall mean a member of the Board. 
  

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 1.13 Dividend Equivalent. “Dividend Equivalent” shall mean a right to receive the
equivalent value (in cash or Common Stock) of dividends paid on Common Stock, awarded under Article VII or this Plan. 
 1.14
Employee. “Employee” shall mean any officer or other Employee (as defined in accordance with Section 3401(c) of the Code) of the Company, or of any corporation which is a Subsidiary. 
 1.15 ERISA. “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
 1.16 Exchange Act. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 1.17 Fair Market Value. “Fair Market Value” of a share of Common Stock as of a given date shall be (i) the closing price of a share
of Common Stock on the principal exchange on which shares of Common Stock are then trading, if any (or as reported on any composite index which includes such principal exchange), on the trading day previous to such date, or if shares were not traded
on the trading day previous to such date, then on the next preceding date on which a trade occurred, or (ii) if the Common Stock is not traded on an exchange but is quoted on NASDAQ or a successor quotation system, the mean between the closing
representative bid and asked prices for the Common Stock on the trading day previous to such date as reported by NASDAQ or such successor quotation system; or (iii) if the Common Stock is not publicly traded on an exchange and not quoted on
NASDAQ or a successor quotation system, the Fair Market Value of a share of Common Stock as established by the Committee (or the Board, in the case of Options granted to Independent Directors) acting in good faith. 
 1.18 Grantee. “Grantee” shall mean an Employee or Consultant granted a Performance Award, Dividend Equivalent, Stock Payment Right or an
award of Deferred Stock, under this Plan. 
 1.19 Incentive Stock Option. “Incentive Stock Option” shall mean an option
which conforms to the applicable provisions of Section 422 of the Code and which is designated as an Incentive Stock Option by the Committee. 
 1.20 Independent Director. “Independent Director” shall mean a member of the Board who is not an Employee of the Company, or who does not provide to the Company legal or investment banking services, directly or through an
entity in which such person has an equity ownership or employment relationship. 
 1.21 Non-Qualified Stock Option.
“Non-Qualified Stock Option” shall mean an Option which is not designated as an Incentive Stock Option by the Committee. 
 1.22
Option. “Option” shall mean a stock option granted under Article III of this Plan. An Option granted under this Plan shall, as determined by the Committee, be either a Non-Qualified Stock Option or an Incentive Stock Option;
provided, however, that Options granted to Independent Directors and Consultants shall be Non-Qualified Stock Options. 
  

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 1.23 Optionee. “Optionee” shall mean an Employee, Consultant or Director granted an
Option under this Plan. 
 1.24 Performance Award. “Performance Award” shall mean a cash bonus, stock bonus or other
performance or incentive award that is paid in cash, Common Stock or a combination of both, awarded under Article VII of this Plan. 
 1.25
Plan. “Plan” shall mean the 1997 Equity Participation Plan of the Company. 
 1.26 QDRO. “QDRO” shall mean
a qualified domestic relations order as defined by the Code or Title I of ERISA or the rules thereunder. 
 1.27 Restricted Stock.
“Restricted Stock” shall mean Common Stock awarded under Article VI of this Plan. 
 1.28 Restricted Shareholder.
“Restricted Shareholder” shall mean an Employee, Director or Consultant granted an award of Restricted Stock under Article VI of this Plan. 
 1.29 Rule 16b-3. “Rule 16b-3” shall mean that certain Rule 16b-3 under the Exchange Act, as such Rule may be amended from time to time. 
 1.30 Stock Payment. “Stock Payment” shall mean (i) a payment in the form of shares of Common Stock, or (ii) an option or other
right to purchase shares of Common Stock, as part of a deferred compensation arrangement, made in lieu of all or any portion of the compensation, including without limitation, salary, bonuses and commissions, that would otherwise become payable to a
key Employee, Director or Consultant in cash, awarded under Article VII of this Plan. 
 1.31 Subsidiary. “Subsidiary” shall
mean any corporation in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing fifty percent (50%) or more of the total combined
voting power of all classes of stock in one of the other corporations in such chain. 
 1.32 Termination of Consultancy.
“Termination of Consultancy” shall mean the time when the engagement of an Optionee, Grantee or Restricted Shareholder as a Consultant to the Company or a Subsidiary is terminated for any reason, with or without cause, including but not by
way of limitation, by resignation, discharge, death or retirement; but excluding terminations where there is a simultaneous commencement of employment with the Company or any Subsidiary. The Committee, in its absolute discretion, shall determine the
effect of all matters and questions relating to Termination of Consultancy, including, but not by way of limitation, the question of whether a Termination of Consultancy resulted from a discharge for good cause, and all questions of whether
particular leaves of absence constitute Terminations of Consultancy. Notwithstanding any other provisions of this Plan, the Company or any Subsidiary has an absolute and unrestricted right to terminate a Consultant’s service at any time for any
reason whatsoever, with or without cause, except to the extent expressly provided otherwise in writing. 
  

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 1.33 Termination of Directorship. “Termination of Directorship” shall mean the time when
an Optionee who is a Director ceases to be a Director for any reason, including, but not by way of limitation, a termination by resignation, failure to be elected, death or retirement. The Board, in its sole and absolute discretion, shall determine
the effect of all matters and questions relating to Termination of Directorship with respect to Directors. 
 1.34 Termination of
Employment. “Termination of Employment” shall mean the time when the employee-employer relationship between an Optionee, Grantee or Restricted Shareholder and the Company or any Subsidiary is terminated for any reason, with or without
cause, including, but not by way of limitation, a termination by resignation, discharge, death, disability or retirement; but excluding (i) terminations where there is a simultaneous reemployment or continuing employment of an Optionee, Grantee
or Restricted Shareholder by the Company or any Subsidiary, (ii) at the discretion of the Committee, terminations which result in a temporary severance of the employee-employer relationship, and (iii) at the discretion of the Committee,
terminations which are followed by the simultaneous establishment of a consulting relationship by the Company or a Subsidiary with the former Employee. The Committee shall reasonably determine the effect of all matters and questions relating to
Termination of Employment, excluding, but not by way of limitation, the question of whether a Termination of Employment resulted from a discharge for good cause, and all questions of whether particular leaves of absence constitute Terminations of
Employment; provided, however, that, with respect to Incentive Stock Options, a leave of absence, change in status from an Employee to an independent contractor or other change in the Employee-employer relationship shall constitute a
Termination of Employment if, and to the extent that, such leave of absence, change in status or other change interrupts employment for the purposes of Section 422(a)(2) of the Code and the then applicable regulations and revenue rulings under
said Section. Notwithstanding any other provision of this Plan, the Company or any Subsidiary has an absolute and unrestricted right to terminate an Employee’s employment at any time for any reason whatsoever, with or without cause, except to
the extent expressly provided otherwise in writing. 
 ARTICLE II 
 SHARE SUBJECT TO PLAN 
 2.1 Shares Subject to Plan. 
 (a) The shares of stock subject to Options, awards of Restricted Stock, Performance Awards, Dividend Equivalents, awards of Deferred Stock
or Stock Payments shall be Common Stock, and initially shares of the Company’s Common Stock. The aggregate number of such shares which may be issued upon exercise of such options or rights or upon any such awards under the Plan shall not exceed
One Million Nine Hundred Thousand (1,900,000). The shares of Common Stock issuable upon exercise of such options or rights or upon any such awards may be either previously authorized but unissued shares or treasury shares. 
  

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 (b) The maximum number of shares which may be subject to options or granted under the
Plan to any individual in any fiscal year shall not exceed the Award Limit. To the extent required by Section 162(m) of the Code, shares subject to Options which are canceled continue to be counted against the Award Limit and if, after grant of
an Option, the price of shares subject to such Option is reduced, the transaction is treated as a cancellation of the Option and a grant of a new Option and both the Option deemed to be canceled and the Option deemed to be granted are counted
against the Award Limit. 
 2.2 Add-back of Options and Other Rights. If any Option, or other right to acquire shares of Common Stock
under any other award under this Plan, expires or is canceled without having been fully exercised, or is exercised in whole or in part for cash as permitted by this Plan, the number of shares subject to such Option or other right but as to which
such Option or other right was not exercised prior to its expiration, cancellation or exercise again may be optioned, granted or awarded hereunder, subject to the limitations of Section 2.1. Furthermore, any share subject to Options or
other awards which are adjusted pursuant to Section 9.3 and become exercisable with respect to shares of stock of another corporation shall be considered canceled and again may be optioned, granted or awarded hereunder, subject to the
limitations of Section 2.1. Shares of Common Stock which are delivered by the Optionee or Grantee or withheld by the Company upon the exercise of any Option or other award under this Plan, in payment of the exercise price thereof, again
may be optioned, granted or awarded hereunder, subject to the limitations of Section 2.1. Notwithstanding the provisions of this Section 2.2, no shares of Common Stock again may be optioned, granted or awarded if such action
would cause an Incentive Stock Option to fail to qualify as an incentive stock option under Section 422 of the Code. 
 ARTICLE III

 GRANTING OF OPTIONS 
 3.1 Eligibility. Any Employee, Director or Consultant selected by the Committee pursuant to Section 3.4(a)(i) shall be eligible to be granted an Option. 
 3.2 Disqualification for Stock Ownership. No person may be granted an Incentive Stock Option under this Plan if such person, at the time the
Incentive Stock Option is granted, owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any then existing Subsidiary or parent corporation (within the meaning of
Section 422 of the Code) unless such Incentive Stock Option conforms to the applicable provisions of Section 422 of the Code. 
 3.3 Qualifications of Incentive Stock Options. No Incentive Stock Option shall be granted unless such Option, when granted, qualifies as an “incentive stock option” under Section 422 of the Code. No Incentive Stock
Option shall be granted to any person who is not an Employee. 
  

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 3.4 Granting of Options. 
 (a) The Committee shall from time to time, in its absolute discretion, and subject to all applicable limitations of this Plan: 

(i) Determine which Employees are key Employees and select from among the key Employees, Directors or Consultants (including Employees
or Consultants who have previously received Options or other awards under this Plan) such of them as in its opinion should be granted Options; 
 (ii) Subject to the Award Limit, determine the number of shares to be subject to such Options granted to the selected key Employees, Directors or Consultants; 
 (iii) Determine whether such Options are to be Incentive Stock Options or Non-Qualified Stock Options and whether such Options are to
qualify as performance-based compensation as described in Section 162(m)(4)(C) of the Code; and 
 (iv) Determine the
terms and conditions of such Options, consistent with this Plan; provided, however, that the terms and conditions of Options intended to qualify as performance-based compensation as described in Section 162(m)(4)(C) of the Code
shall include, but not be limited to, such terms and conditions as may be necessary to meet the applicable provisions of Section 162(m) of the Code. 
 (b) Upon the selection of a key Employee, Director or Consultant to be granted an Option, the Committee shall instruct the Secretary of the Company to issue the Option and may impose such conditions on the grant of
the Option as it deems appropriate. Without limiting the generality of the preceding sentence, the Committee, in its discretion and on such terms as it deems appropriate, may require as a condition on the grant of an Option to an Employee, Director
or Consultant that the Employee or Consultant surrender for cancellation some or all of the unexercised Options, awards of Restricted Stock or Deferred Stock, Performance Awards, Dividend Equivalents or Stock Payments or other rights which have been
previously granted to him or her under this Plan or otherwise. An Option, the grant of which is conditioned upon such surrender, may have an option price lower (or higher) than the exercise price of such surrendered Option or other award, may cover
the same (or a lesser or greater) number of shares as such surrendered Option or other award, may contain such other terms as the Committee deems appropriate, and shall be exercisable in accordance with its terms, without regard to the number of
shares, price, exercise period or any other term or condition of such surrendered Option or other award. 
 (c) Any Incentive
Stock Option granted under this Plan may be modified by the Committee to disqualify such option from treatment as an “incentive stock plan” under Section 422 of the Code. 
  

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 ARTICLE IV 
 TERMS OF OPTIONS 
 4.1 Option Agreement. Each Option shall be evidenced by a written Stock
Option Agreement, which shall be executed by the Optionee and an authorized officer of the Company and which shall contain such terms and conditions as the Committee (or the Board, in the case of Options granted to Independent Directors) shall
determine, consistent with this Plan. Stock Option Agreements evidencing Options intended to qualify as performance-based compensation as described in Section 162(m)(4)(C) of the Code shall contain such terms and conditions as may be necessary
to meet the applicable provisions of Section 162(m) of the Code. Stock Option Agreements evidencing Incentive Stock Options shall contain such terms and conditions as may be necessary to meet the applicable provisions of Section 422 of the
Code. 
 4.2 Option Price. The price per share of the shares subject to each Option shall be set by the Committee; provided,
however, that such price shall be no less than the par value of a share of Common Stock, unless otherwise permitted by applicable state law, and (i) in the case of Incentive Stock Options and Options intended to qualify as
performance-based compensation as described in Section 162(m)(4)(C) of the Code, such price shall not be less than 100% of the Fair Market Value of a share of Common Stock on the date the option is granted; (ii) in the case of Incentive
Stock Options granted to an individual then owning (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of stock of the Company or any Subsidiary or parent corporation thereof
(within the meaning of Section 422 of the Code) such price shall not be less than 110% of the Fair Market Value of a share of Common Stock on the date the Option is granted; and (iii) in the case of Options granted to Independent
Directors, such price shall equal 100% of the Fair Market Value of a share of Common Stock on the date the Option is granted. 
 4.3
Option Term. The term of an Option shall be set by the Committee in its discretion; provided, however, that (i) in the case of Options granted to Independent Directors, the term shall be ten (10) years from the date
the Option is granted, without variation or acceleration hereunder, but subject to Section 5.6, and (ii) in the case of Incentive Stock Options, the term shall not be more than ten (10) years from the date the Incentive Stock
Option is granted, or five (5) years from such date if the Incentive Stock Option is granted to an individual owning (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of
Stock of the Company or any Subsidiary or parent corporation thereof (within the meaning of Section 422 of the Code). Except as limited by requirements of Section 422 of the Code and regulations and rulings thereunder applicable to
Incentive Stock Options, the Committee may extend the term of any outstanding Option in connection with any Termination of Employment or Termination of Consultancy of the Optionee, or amend any other term or condition of such Option relating to such
a termination. 
  

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 4.4 Option Vesting. 
 (a) The period during which the right to exercise an Option in whole or in part vests in the Optionee shall be set by the Committee and
the Committee may determine that an Option may not be exercised in whole or in part for a specified period after it is granted; provided, however, that, unless the Committee otherwise provides in the terms of the Option or otherwise,
no Option shall be exercisable by any Optionee who is then subject to Section 16 of the Exchange Act within the period ending six months and one day after the date the Option is granted. At any time after grant of an Option, the Committee, in
its sole and absolute discretion and subject to whatever terms and conditions it selects, may accelerate the period during which an Option (except an Option granted to Independent Directors, unless in accordance with Section 9.3) vests.

 (b) No portion of an Option which is unexercisable at Termination of Employment, Termination of Directorship or Termination
of Consultancy, as applicable, shall thereafter become exercisable, except as may be otherwise provided by the Committee in the case of Options granted to Employees, Directors or Consultants either in the Stock Option Agreement or by action of the
Committee following the grant of the Option. 
 (c) To the extent that the aggregate Fair Market Value of stock with respect
to which “incentive stock options” (within the meaning of Section 422 of the Code, but without regard to Section 422(d) of the Code) are exercisable for the first time by an Optionee during any calendar year (under the Plan and
all other incentive stock option plans of the Company and any Subsidiary) exceeds $100,000 such Options shall be treated as Non-Qualified Options to the extent required by Section 422 of the Code. The rule set forth in the preceding sentence
shall be applied by taking Options into account in the order in which they were granted. For purposes of this Section 4.4(c), the Fair Market Value of stock shall be determined as of the time the Option with respect to such stock is
granted. 
 4.5 Consideration. In consideration of the granting of an Option, the Optionee shall agree, in the written Stock Option
Agreement, to remain in the employ of (or to consult for or to serve as a Director of, if applicable) the Company or any Subsidiary for a period of at least one year (or such shorter period as may be fixed in the Stock Option Agreement or by action
of Committee following grant of the Option) after the Option is granted (or until the next annual meeting of shareholders of the Company, in the case of an Independent Director). Nothing in this Plan or in any Stock Option Agreement hereunder shall
confer upon any Optionee any right to continue in the employ of, or as a Consultant for, the Company or any Subsidiary, or as a director of the Company, or shall interfere with or restrict in any way the rights of the Company and any Subsidiary,
which are hereby expressly reserved, to discharge any Optionee at any time for any reason whatsoever, with or without good cause. 
  

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 ARTICLE V 
 EXERCISE OF OPTIONS 
 5.1 Partial Exercise. An exercisable Option may be exercised in whole or
in part. However, an Option shall not be exercisable with respect to fractional shares and the Committee (or the Board, in the case of Options granted to Directors) may require that, by the terms of the Option, a partial exercise be with respect to
a minimum number of shares. 
 5.2 Manner of Exercise. All or a portion of an exercisable Option shall be deemed exercised upon
delivery of all of the following to the Secretary of the Company or his office: 
 (a) A written notice complying with the
applicable rules established by the Committee (or the Board, in the case of Options granted to Independent Directors) stating that the Option, or a portion thereof, is exercised. The notice shall be signed by the Optionee or other person then
entitled to exercise the Option or such portion; 
 (b) Such representations and documents as the Committee (or the Board, in
the case of Options granted to Independent Directors), in its absolute discretion, deems necessary or advisable to effect compliance with all applicable provisions of the Securities Act of 1933, as amended, and any other federal or state securities
laws or regulations. The Committee or Board, in its absolute discretion, also may take whatever additional actions it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing
stop-transfer notices to agents and registrars; 
 (c) In the event that the Option shall be exercised pursuant to
Section 9.1 by any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the Option; and 
  

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 (d) Full cash payment to the Secretary of the Company for the shares with respect to
which the Option, or portion thereof, is exercised. However, the Committee (or the Board, in the case of Options granted to Independent Directors), in its discretion may (i) allow a delay in payment up to thirty (30) days from the date the
Option, or portion thereof, is exercised; (ii) allow payment, in whole or in part, through the delivery of shares of Common Stock owned by the Optionee, duly endorsed for the price of the Option or exercised portion thereof; (iii) allow
payment, in whole or in part, through the surrender of shares of Common Stock then issuable upon exercise of the Option having a Fair Market Value on the date of Option exercise equal to the aggregate exercise price of the Option or exercised
portion thereof; (iv) allow payment, in whole or in part, through the delivery of property of any kind which constitutes good and valuable consideration; (v) allow payment, in whole or in part, through the delivery of a full recourse
promissory note bearing interest (at no less than such rate as shall then preclude the imputation of interest under the Code) and payable upon such terms as may be prescribed by the Committee or the Board; (vi) allow payment, in whole or in
part, through the delivery of a notice that the Optionee has placed a market sell order with a broker with respect to shares of Common Stock then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion
of the net proceeds of the sale to the Company in satisfaction of the Option exercise price; or (vii) allow payment through any combination of the consideration provided in the foregoing clauses (ii), (iii), (iv), (v) and (vi). In the case
of a promissory note, the Committee (or the Board, in the case of Options granted to Independent Directors) also may prescribe the form of such note and the security to be given for such note. The Option may not be exercised, however, by delivery of
a promissory note or by a loan from the Company when or where such loan or other extension of credit is prohibited by law. 
 5.3
Conditions to the Issuance of Stock Certificates. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of any Option or portion thereof prior to fulfillment of
all of the following conditions: 
 (a) The admission of such shares to listing on all stock exchanges on which such class of
stock is then listed; 
 (b) The completion of any registration or other qualifications of such shares under any state or
federal law, or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body which the Committee or Board, in its absolute discretion, shall deem necessary or advisable; 
 (c) The obtaining of any approval or other clearance from any state or federal governmental agency which the Committee (or the Board, in
the case of Options granted to Independent Directors), in its absolute discretion, shall determine to be necessary or advisable; 
 (d) The lapse of such reasonable period of time following the exercise of the Option as the Committee (or the Board, in the case of Options granted to Independent Directors) may establish from time to time for reasons of administrative
convenience; and 
  

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 (e) The receipt by the Company of full payment for such shares, including payment of any
applicable withholding tax. 
 5.4 Rights as Shareholders. The holders of Options shall not be, nor have any of the rights or
privileges of, shareholders of the Company in respect of any shares purchasable upon the exercise of any part of an Option unless and until certificates representing such shares have been issued by the Company to such holders. 
 5.5 Ownership and Transfer Restrictions. The Committee (or the Board, as in the case of Options granted to Independent Directors), in its absolute
discretion, may impose such restrictions on the ownership and transferability of the shares purchasable upon the exercise of an Option as it deems appropriate. Any such restriction shall be set forth in the respective Stock Option Agreement and may
be referred to on the certificates evidencing such shares. The Committee may require the Employee to give the Company prompt notice of any disposition of shares of Common Stock acquired by exercise of an Incentive Stock Option within (i) two
years from the date of granting such Option to such Employee or (ii) one year after the transfer of such shares to such Employee. The Committee may direct that the certificates evidencing shares acquired by exercise of an Option refer to such
requirement to give prompt notice of disposition. 
 5.6 Limitations on Exercise of Options Granted to Independent Directors, Employees
and Consultants. No Option granted to an Independent Director may be exercised to any extent by anyone after the first to occur of the following events: 
 (a) The expiration of twelve (12) months from the date of the Optionee’s death; 
 (b) The expiration of twelve (12) months from the date of the Optionee’s Termination of Directorship, Termination of Employment
or Termination of Consultancy, as the case may be, by reason of his permanent and total disability (within the meaning of Section 22(e)(3) of the Code); 
 (c) The expiration of three (3) months from the date of the Optionee’s Termination of Directorship, Termination of Employment or
Termination of Consultancy, as the case may be, for any reason other than such Optionee’s death or his permanent and total disability, unless the Optionee dies within said three-month period; or 
 (d) The expiration of ten (10) years from the date the Option was granted. 
  

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 ARTICLE VI 
 AWARD OF RESTRICTED STOCK 
 6.1 Award of Restricted Stock. 
 (a) The Committee may, from time to time, in its absolute discretion: 
 (i) Select from among key Employees, Directors or Consultants (including Employees, Directors or Consultants who have previously received
other awards under this Plan) such of them as in its opinion should be awarded Restricted Stock; and 
 (ii) Determine the
purchase price, if any, and other terms and conditions applicable to such Restricted Stock, consistent with this Plan. 
 (b)
The Committee shall establish the purchase price, if any, and form of payment for Restricted Stock; provided, however, that such purchase price shall be no less than the par value, if applicable, of the Common Stock to be purchased,
unless otherwise permitted by applicable state law. In all cases, legal consideration shall be required for each issuance of Restricted Stock. 
 (c) Upon the selection of a key Employee, Director or Consultant to be awarded Restricted Stock, the Committee shall instruct the Secretary of the Company to issue such Restricted Stock and may impose such conditions
on the issuance of such Restricted Stock as it deems appropriate. 
 6.2 Restricted Stock Agreement. Restricted Stock shall be issued
only pursuant to a written Restricted Stock Agreement, which shall be executed by the selected key Employee, Director or Consultant and an authorized officer of the Company which shall contain such terms and conditions as the Committee shall
determine, consistent with this Plan. 
 6.3 Consideration. As consideration for the issuance of Restricted Stock, in addition to
payment of any purchase price, the Restricted Shareholder shall agree, in the written Restricted Stock Agreement, to remain in the employ of, or to consult for, the Company or any Subsidiary for a period of at least one year after the Restricted
Stock is issued (or such shorter period as may be fixed in the Restricted Stock Agreement or by action of the Committee following grant of the Restricted Stock). Nothing in this Plan or in any Restricted Stock Agreement hereunder shall confer on any
Restricted Shareholder any right to continue in the employ of, or as a Consultant for, the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and any Subsidiary, which hereby are expressly reserved, to
discharge any Restricted Shareholder at any time for any reason whatsoever, with or without good cause. 
  

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 6.4 Rights as Shareholders. Upon delivery of the shares of Restricted Stock to the escrow holder
pursuant to Section 6.7, the Restricted Shareholder shall have, unless otherwise provided by the Committee, all the rights of a shareholder with respect to said shares, subject to the restrictions in his or her Restricted Stock
Agreement, including the right to receive all dividends and other distributions paid or made with respect to the shares; provided, however, that in the discretion of the Committee, any extraordinary distributions with respect to the
Common Stock shall be subject to the restrictions set forth in Section 6.5. 
 6.5 Restriction. All shares of Restricted
Stock issued under this Plan (including any shares received by holders thereof with respect to shares of Restricted Stock as a result of stock dividends, stock splits or any other form of recapitalization), in each individual Restricted Stock
Agreement, shall be subject to such restrictions as the Committee shall provide, which restrictions may include, without limitation, restrictions concerning voting rights and transferability and restrictions based on duration of employment with the
Company, Company performance and individual performance; provided, however, that, unless the Committee otherwise provides in the Restricted Stock Agreement or otherwise, no share of Restricted Stock granted to a person subject to
Section 16 of the Exchange Act shall be sold, assigned or otherwise transferred until at least six (6) months and one day have elapsed from the date on which the Restricted Stock was issued, and provided further that by
action taken after the Restricted Stock is issued, the Committee, on such terms and conditions as it may determine to be appropriate, may remove any or all of the restrictions imposed by the terms of the Restricted Stock Agreement. Restricted Stock
may not be sold or encumbered until all restrictions are terminated or expire. Unless provided otherwise by the Committee, if no consideration was paid by the Restricted Shareholder upon issuance, a Restricted Shareholder’s rights in unvested
Restricted Stock shall lapse upon Termination of Employment or, if applicable, upon Termination of Consultancy with the Company. 
 6.6
Repurchase of Restricted Stock. The Committee shall provide in the terms of each individual Restricted Stock Agreement that the Company shall have the right to repurchase from the Restricted Shareholder the Restricted Stock then subject to
restriction under the Restricted Stock Agreement immediately upon a Termination of Employment, Termination of Directorship or, if applicable, upon a Termination of Consultancy between the Restricted Shareholder and the Company, at a cash price per
share equal to the price paid by the Restricted Shareholder for such Restricted Stock; provided, however, that provision may be made that no such right of repurchase shall exist in the event of a Termination of Employment, Termination
of Directorship or Termination of Consultancy without cause, or following a Change of Control of the Company or because of the Restricted Shareholder’s retirement, death, disability or otherwise. If a Restricted Shareholder received the
Restricted Stock for no cash consideration, then, upon a Termination of Directorship, Termination of Employment, or Termination of Consultancy, the Company may repurchase all of such Restricted Shareholder’s shares held pursuant to a Restricted
Stock Agreement upon payment of $.05 per share. 
 6.7 Escrow. The Secretary of the Company or such other escrow holder as the
Committee may appoint shall retain physical custody of each certificate representing Restricted Stock until all of the restrictions imposed under the Restricted Stock Agreement with respect to the share evidenced by such certificate expire or shall
have been removed. 
  

 14 

 6.8 Legend. In order to enforce the restrictions imposed upon shares of Restricted Stock
hereunder, the Committee shall cause a legend or legends to be placed on certificates representing all shares of Restricted Stock that are still subject to restrictions under Restricted Stock Agreements, which legend or legends shall make
appropriate reference to the conditions imposed thereby. 
 6.9 Taxes. The Restricted Stock Agreement shall provide that Restricted
Shareholders shall be responsible for the payment of all taxes with respect to the Restricted Stock awarded to them. The Restricted Stock Agreement shall further provide that if the Company is required upon any issuance of shares to make tax
deductions or withholdings under any federal, state or local law, regulation, ruling or ordinance, including but not limited to social security, income tax withholdings and unemployment issuance deductions, such Restricted Shareholder shall fully
cooperate with such actions. 
 ARTICLE VII 
 PERFORMANCE AWARDS, DIVIDEND EQUIVALENTS, 
 DEFERRED STOCK, STOCK PAYMENTS 
 7.1 Performance Awards. Any key Employee or Consultant selected by the Committee may be granted one or more Performance Awards. The value of such
Performance Awards may be linked to the market value, book value, net profits or other measure of the value of Common Stock or other specific performance criteria determined appropriate by the Committee, in each case on a specified date or dates or
over any period or periods determined by the Committee, or may be based upon the appreciation in the market value, book value, net profits or other measure of the value of a specified number of shares of Common Stock over a fixed period or periods
determined by the Committee. In making such determinations, the Committee shall consider (among such other factors as it deems relevant in light of the specific type of award) the contributions, responsibilities and other compensation of the
particular key Employee or Consultant. 
 7.2 Dividend Equivalents. Any key Employee or Consultant selected by the Committee may be
granted Dividend Equivalents based on the dividends declared on Common Stock, to be credited as of dividend payment dates, during the period between the date an Option, Deferred Stock or Performance Award is granted, and the date such Option,
Deferred Stock or Performance Award is exercised, vests or expires, as determined by the Committee. With respect to Dividend Equivalents granted with respect to Options intended to be qualified performance-based compensation for purposes of
Section 162(m), such Dividend Equivalents shall be payable regardless of whether such Option is exercised. 
 7.3 Stock Payments.
Any key Employee, Director or Consultant selected by the Committee may receive Stock Payments in the manner determined from time to time by the Committee. The number of shares shall be determined by the Committee and may be based upon the Fair
Market Value, book value, net profits or other measure of the value of Common Stock or other specific performance criteria determined appropriate by the Committee, determined on the date such Stock Payment is made or on any date thereafter.

  

 15 

 7.4 Deferred Stock. Any key Employee, Director or Consultant selected by the Committee may be
granted an award of Deferred Stock in the manner determined from time to time by the Committee. The number of shares of Deferred Stock shall be determined by the Committee and may be linked to the market value, book value, net profits or other
measure of the value of Common Stock or other specific performance criteria determined to be appropriate by the Committee, in each case on a specified date or dates or over any period or periods determined by the Committee. Common Stock underlying a
Deferred Stock award will not be issued until the Deferred Stock award has vested, pursuant to a vesting schedule or performance criteria set by the Committee. Unless otherwise provided by the Committee, a Grantee of Deferred Stock shall have no
rights as a Company Shareholder with respect to such Deferred Stock until such time as the award has vested and the Common Stock underlying the award has been issued. 
 7.5 Performance Award Agreement, Dividend Equivalent, Deferred Stock Agreement, Stock Payment Agreement. Each Performance Award, Dividend Equivalent, award of Deferred Stock and/or Stock Payment shall be
evidenced by a written agreement, which shall be executed by the Grantee and an authorized Officer of the Company and which shall contain such terms and conditions as the Committee shall determine, consistent with this Plan. 
 7.6 Term. The term of a Performance Award, Dividend Equivalent, award of Deferred Stock and/or Stock Payment shall be set by the Committee in its
discretion. 
 7.7 Exercise Upon Termination of Employment. A Performance Award, Dividend Equivalent, award of Deferred Stock and/or
Stock Payment is exercisable or payable only while the Grantee is an Employee, Director or Consultant; provided that the Committee may determine that the Performance Award, Dividend Equivalent, award of Deferred Stock and/or Stock Payment may be
exercised or paid subsequent to Termination of Employment, Termination of Directorship or Termination of Consultancy without cause, or following a change in control of the Company, or because of the Grantee’s retirement, death or disability, or
otherwise. 
 7.8 Payment on Exercise. Payment of the amount determined under Section 7.1 or 7.2 above shall be in
cash, in Common Stock, or a combination of both, as determined by the Committee. To the extent any payment under this Article VII is effected in Common Stock, it shall be made subject to satisfaction of all provisions of Section 5.2.

 7.9 Consideration. In consideration of the granting of a Performance Award, Dividend Equivalent, award of Deferred Stock and/or
Stock Payment, the Grantee shall agree, in a written agreement, to remain in the employ of, or to act as a director for, or to consult for, the Company or any Subsidiary for a period of at least one year after such Performance Award, Dividend
Equivalent, award of Deferred Stock and/or Stock Payment is granted (or such shorter period as may be fixed in such agreement or by action of the Committee following such grant). Nothing in this Plan or in any agreement hereunder shall confer on any
Grantee any right to continue in the employ of, or as a Consultant for, the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and any Subsidiary, which are hereby expressly reserved, to discharge any
Grantee at any time for any reason whatsoever, with or without good cause. 
  

 16 

 ARTICLE VIII 
 ADMINISTRATION 
 8.1 Compensation Committee. Prior to the Company’s initial registration
of Common Stock under Section 12 of the Exchange Act, the Compensation Committee shall consist of the entire Board. Following such registration, the Compensation Committee (or other committee or a subcommittee of the Board assuming the
functions of the Committee under this Plan) shall consist solely of two or more Independent Directors appointed by and holding office at the pleasure of the Board, each of whom is both a “non-Employee director” as defined by Rule 16b-3 and
an “outside director” for purposes of Section 162(m) of the Code. Appointment of Committee members shall be effective upon acceptance of appointment. Committee members may resign at any time by delivering written notice to the Board.
Vacancies in the Committee may be filled by the Board, subject to the Company’s Bylaws. 
 8.2 Duties and Powers of Committee. It
shall be the duty of the Committee to conduct the general administration of this Plan in accordance with its provisions. The Committee shall have the power to interpret this Plan and the agreements pursuant to which Options, awards of Restricted
Stock or Deferred Stock, Performance Awards, Dividend Equivalents or Stock Payments are granted or awarded, and to adopt such rules for the administration, interpretation and application of this Plan as are consistent therewith and to interpret,
amend or revoke any such rules. Notwithstanding the foregoing, the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan with respect to Options or awards granted to Independent Directors.
Any such grant or award under this Plan need not be the same with respect to each Optionee, Grantee or Restricted Shareholder. Any such interpretations and rules with respect to Incentive Stock Options shall be consistent with the provisions of
Section 422 of the Code. In its absolute discretion, the Board at any time and from time to time may exercise any and all rights and duties of the Committee under this Plan except with respect to matters which under Rule 16b-3 or
Section 162(m) of the Code, or any regulations or rules issued thereunder, are required to be determined in the sole discretion of the Committee. 
 8.3 Majority Rule; Unanimous Written Consent. The Committee shall act by a majority of its members in attendance at a meeting at which a quorum is present or by a memorandum or other written instrument signed
by all members of the Committee. 
 8.4 Compensation; Professional Assistance; Good Faith Actions. Members of the Committee shall
receive such compensation for their services as members as may be determined by the Board. All expenses and liabilities which members of the Committee incur in connection with the administration of this Plan shall be borne by the Company. The
Committee, with the approval of the Board, may employ attorneys, consultants, accountants, appraisers, brokers, or other persons. The Committee, the Company and the Company’s officers and Directors shall be entitled to rely upon the advice,
opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Committee or the Board in good faith shall be final and binding upon all Optionee, Grantees, Restricted Shareholders, the Company

  

 17 

 
and all other interested persons. No members of the Committee or Board shall be personally liable for any action, determination or interpretation made in
good faith with respect to this Plan, Options, awards of Restricted Stock or Deferred Stock, Performance Awards, Dividend Equivalents or Stock Payments, and all members of the Committee and the Board shall be fully protected and indemnified by the
Company in respect of any such action, determination or interpretation. 
 ARTICLE IX 
 MISCELLANEOUS PROVISIONS 
 9.1 Not
Transferable. Options, Restricted Stock awards, Deferred Stock awards, Performance Awards, Dividend Equivalents or Stock Payments made under this Plan may not be sold, pledged, assigned or transferred in any manner other than by will or the laws
of descent and distribution or pursuant to a QDRO, unless and until such rights or awards have been exercised, or the shares underlying such rights or awards have been issued, and all restrictions applicable to such shares have lapsed. No Option,
Restricted Stock award, Deferred Stock award, Performance Award, Dividend Equivalent or Stock Payment or interest or right therein shall be liable for the debts, contracts or engagements of the Optionee, Grantee or Restricted Shareholder or his or
her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means, whether such disposition be voluntary or involuntary or by operation of law by judgment, levy,
attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect, except to the extent that such disposition is permitted by the preceding
sentence. 
 During the lifetime of the Optionee or Grantee, only he or she may exercise an Option or other right or award (or any portion
thereof) granted to him or her under the Plan, unless it has been disposed of pursuant to a QDRO. After the death of the Optionee or Grantee, any exercisable portion of an Option or other right or award, prior to the time when such portion becomes
unexercisable under the Plan or the applicable Stock Option Agreement or other agreement, may be exercised by his or her personal representative or by any person empowered to do so under the deceased Optionee’s or Grantee’s will or under
the then applicable laws of descent and distribution. 
 9.2 Amendment, Suspension or Termination of this Plan. Except as otherwise
provided in this Section 9.2, this Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board or the Committee. However, without approval of the Company’s
shareholders given within twelve (12) months before or after the action by the Board or Committee, an action of the Board or the Committee, except as provided in Section 2.1, may increase the limits imposed in
Section 2.1 on the maximum number of shares which may be issued under this Plan or modify the Award Limit, and no action of the Committee may be taken that would otherwise require shareholder approval as a matter of applicable law,
regulation or rule. No amendment, suspension or termination of this Plan, without the consent of the holder of Options, Restricted Stock awards, Deferred Stock awards, Performance Awards, Dividend Equivalents or Stock Payments, shall alter or impair
any 

  

 18 

 
rights or obligations under any Options, Restricted Stock awards, Deferred Stock awards, Performance Awards, Dividend Equivalents or Stock Payments
theretofore granted or awarded, unless the award itself otherwise expressly so provides. No Options, Restricted Stock, Deferred Stock, Performance Awards, Dividend Equivalents or Stock Payments may be granted or awarded during any period of
suspension or after termination of this Plan, and in no event may any Incentive Stock Option be granted under this Plan after the first to occur of the following events: 
 (a) The expiration of ten (10) years from the date the Plan is adopted by the Board; or 
 (b) The expiration of ten years from the date the Plan is approved by the Company’s shareholders under Section 9.4.

 9.3 Changes in Common Stock or Assets of the Company, Acquisition or Liquidation of the Company and Other Company Events.

 (a) Subject to Section 9.3(d), in the event that the Committee (or the Board, in the case of Options granted to
Independent Directors) determines that any dividend or other distribution (whether in the form of cash, Common Stock, other securities or property), recapitalization, reclassification, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase, liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company (including, but not limited to, a Corporate Transaction),
or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction or event, in the Committee’s sole
discretion (or in the case of Options granted to Independent Directors, the Board’s sole discretion), affects the Common Stock such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement
of the benefits or potential benefits intended to be made available under the Plan or with respect to an Option, Restricted Stock award, Performance Award, Dividend Equivalent, Deferred Stock award or Stock Payment, then the Committee (or the Board,
in the case of Options granted to Independent Directors) shall, in such manner as it may deem equitable, adjust any or all of: 
 (i) the number and kinds of shares of Common Stock (or other securities or property) with respect to which Options, Performance Awards, Dividend Equivalents or Stock Payments may be granted under the Plan, or which may be granted as
Restricted Stock or Deferred Stock (including, but not limited to, adjustments of the limitations in Section 2.1 on the maximum number and kind of shares which may be issued and adjustments of the Award Limit), 
 (ii) the number and kind of shares of Common Stock (or other securities or property) subject to outstanding Options, Performance Awards,
Dividend Equivalents or Stock Payments, and in the number and kind of shares of outstanding Restricted Stock or Deferred Stock, and 
  

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 (iii) the grant or exercise price with respect to any Option, Performance Award, Dividend
Equivalent or Stock Payment. 
 (b) Subject to Sections 9.3(b)(vii) and 9.3(d), in the event of any Corporate
Transaction or other transaction or event described in Section 9.3(a) or any unusual or nonrecurring transactions or events affecting the Company, any affiliate of the Company, or the financial statements of the Company or any affiliate,
or of changes in applicable laws, regulations, or accounting principles, the Committee (or the Board, in the case of Options granted to Independent Directors) in its discretion is hereby authorized to take any one or more of the following actions
whenever the Committee (or the Board, in the case of Options granted to Independent Directors) determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available
under the Plan or with respect to any option or other award under this Plan, to facilitate such transactions or events or to give effect to such changes in laws, regulations or principles: 
 (i) In its sole and absolute discretion and on such terms and conditions as it deems appropriate, the Committee (or the Board, in the case
of Options granted to Independent Directors) may provide, either by the terms of the agreement or by action taken prior to the occurrence of such transaction or event and either automatically or upon the Optionee’s request, for either the
purchase of any such Option, Performance Award or Stock Payment, or any Restricted Stock or Deferred Stock for an amount of cash equal to the amount that could have been attained upon the exercise of such option, right or award or realization of the
optionee’s rights had such option, right or award been currently exercisable or payable or fully vested or the replacement of such option, right or award with other rights or property selected by the Committee (or the Board, in the case of
Options granted to Independent Directors) in its sole discretion; 
 (ii) In its sole and absolute discretion, the Committee
(or the Board, in the case of Options granted to Independent Directors) may provide, either by terms of such Option, Performance Award, Dividend Equivalent, or Stock Payment, or Restricted Stock or Deferred Stock or by action taken prior to the
occurrence of such transaction or event that it cannot be exercised after such event; 
 (iii) In its sole and absolute
discretion, the Committee (or the Board, in the case of Options granted to Independent Directors) may provide, either by terms of such Option, Performance Award, Dividend Equivalent, or Stock Payment or Restricted Stock or Deferred Stock or by
action taken prior to the occurrence of such transaction or event, that for a specified period of time prior to such transaction or event, such option, right or awards shall be exercisable as to all shares covered thereby, notwithstanding anything
to the contrary in (i) Section 4.4 or (ii) the provisions of such Option, Performance Award, Dividend Equivalent, or Stock Payment or Restricted Stock, or Deferred Stock. 
  

 20 

 (iv) In its sole and absolute discretion, and on such terms and conditions as it deems
appropriate, the Committee (or the Board, in the case of Options granted to Independent Directors) may provide, either by terms of such Option, Performance Award, Dividend Equivalent, or Stock Payment, or Restricted Stock or Deferred Stock or by
action taken prior to the occurrence of such transaction or event, that upon such event, such option, right or awards 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 of shares and prices; and 
 (v) In its sole and absolute discretion, and on such terms and conditions as it deems appropriate, the Committee (or the Board, in the
case of Options granted to Independent Directors) may make adjustments in the number and type of shares of Common Stock (or other securities or property) subject to outstanding Options, Performance Awards, Dividend Equivalents, or Stock Payments, or
Restricted Stock or Deferred Stock and/or in the terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding options, rights and awards and options, rights and awards which may be granted in the future.

 (vi) In its sole and absolute discretion, and on such terms and conditions as it deems appropriate, the Committee may
provide either by the terms of a Restricted Stock award or a Deferred Stock award or by action taken prior to the occurrence of such event that, for a specified period of time prior to such event, the restrictions imposed under a Restricted Stock
Agreement or a Deferred Stock Agreement upon some or all shares of Restricted Stock or Deferred Stock may be terminated, and, in the case of Restricted Stock, some or all shares of such Restricted Stock may cease to be subject to repurchase under
Section 6.6 or forfeiture under Section 6.5 after such event. 
 (vii) None of the foregoing
discretionary terms of this Section 9.3(b) shall be permitted with respect to Options granted to Independent Directors to the extent that such discretion would be inconsistent with the applicable exemptive conditions of Rule 16b-3. In
the event of a Change of Control or a Corporate Transaction, to the extent that the Board does not have the ability under Rule 16b-3 to take or to refrain from taking the discretionary actions set forth in Section 9.3(b)(iii) above, each
Option granted to an Independent Director shall be exercisable as to all shares covered thereby upon such Change in Control or during the five (5) days immediately preceding the consummation of such Corporate Transaction and subject to such
consummation, notwithstanding anything to the contrary in Section 4.4 or the vesting schedule of such Options. In the event of a Corporate Transaction, to the extent that the Board does have the ability under Rule 16b-3 to take or to
refrain from taking the discretionary actions set forth in Section 9.3(b)(ii) above, no Option granted to an Independent Director may be exercised following such Corporate Transaction unless such Option is, in connection with such
Corporate Transaction, either assumed by the successor or 

  

 21 

 
survivor corporation (or parent or subsidiary thereof) or replaced with a comparable right with respect to shares of the capital stock of the successor or
survivor corporation (or parent or subsidiary thereof). 
 (c) Subject to Section 9.3(d) and 9.8, the
Committee (or the Board in the case of Options granted to Independent Directors), in its discretion, may include such further provisions and limitations in any Option, Performance Award, Dividend Equivalent, or Stock Payment, or Restricted Stock or
Deferred Stock agreement or certificate, as it may deem equitable and in the best interests of the Company. 
 (d) With
respect to Incentive Stock Options and Options intended to qualify as performance-based compensation under Section 162(m), no adjustment or action described in this Section 9.3 or in any other provision of the Plan shall be
authorized to the extent that such adjustment or action would cause the Plan to violate Section 422(b)(1) of the Code or would cause such option or to fail to so qualify under Section 162(m), as the case may be, or any successor provisions
thereto. Furthermore, no such adjustment or action shall be authorized to the extent such adjustment or action would result in short-swing profits liability under Section 16 or violate the exemptive conditions of Rule 16b-3 unless the Committee
(or the Board, in the case of Options granted to Independent Directors) determines that the option or other award is not to comply with such exemptive conditions. The number of shares of Common Stock subject to any option, right or award shall
always be rounded to the next whole number. 
 9.4 Approval of Plan by Shareholders. This Plan will be submitted for the approval of
the Company’s shareholders within twelve (12) months after the date of the Board’s initial adoption of this Plan. Options, Performance Awards, Dividend Equivalents or Stock Payments may be granted and Restricted or Deferred Stock may
be awarded prior to such shareholder approval, provided that such Options, Performance Awards, Dividend Equivalents or Stock Payments shall not be exercisable and such Restricted Stock or Deferred Stock shall not vest prior to the time when this
Plan is approved by the shareholders, and provided further that if such approval has not been obtained at the end of said twelve-month period, all Options, Performance Awards, Dividend Equivalents or Stock Payments previously granted and all
Restricted or Deferred Stock previously awarded under this Plan shall thereupon be canceled and become null and void. 
 9.5 Tax
Withholding. The Company shall be entitled to require payment in cash or deduction from other compensation payable to each Optionee, Grantee or Restricted Shareholder of any sums required by federal, state or local tax law to be withheld with
respect to the issuance, vesting or exercise of any Option, Restricted Stock, Deferred Stock, Performance Award, Dividend Equivalent or Stock Payment. The Committee (or the Board, in the case of Options granted to Independent Directors) may in its
discretion and satisfaction of the foregoing requirement, allow such Optionee, Grantee or Restricted Shareholder to elect to have the Company withhold shares of Common Stock otherwise issuable under such Option or award (or allow the return of
shares of Common Stock) having a Fair Market Value equal to the sums required to be withheld. 
  

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 9.6 Loans. The Committee, in its discretion, may extend one or more loans to key Employees in
connection with the exercise or receipt of an Option, Performance Award, Dividend Equivalent or Stock Payment granted under this Plan, or the issuance of Restricted Stock or Deferred Stock awarded under this Plan. The terms and conditions of any
such loan shall be set by the Committee. 
 9.7 Forfeiture Provisions. Pursuant to its general authority to determine the terms and
conditions applicable to awards under the Plan, the Committee (or the Board, in the case of Options granted to Independent Directors), shall have the right (to the extent consistent with the applicable exemptive conditions of Rule 16b-3) to provide,
in the terms of Options or other awards made under the Plan, or to require the recipient to agree by separate written instrument, that (i) any proceeds, gains or other economic benefit actually or constructively received by the recipient upon
any receipt or exercise of the award, or upon the receipt or resale of any Common Stock underlying such award, must be paid to the Company and (ii) the award shall terminate and any unexercised portion of such award (whether or not vested)
shall be forfeited, if (a) Termination of Employment, Termination of Consultancy or Termination of Directorship occurs prior to the specified date, or within a specified time period following receipt or exercise of an award, or (b) the
recipient at any time, or during a specified time period, engages in any activity in competition with the Company, or which is inimical, contrary or harmful to the interest of the Company as further defined by the Committee (or the Board, if
applicable). 
 9.8 Limitations Applicable to Section 16 Persons and Performance-Based Compensation. Notwithstanding any other
provision of this Plan, this Plan, and any Option, Performance Award, Dividend Equivalent or Stock Payment granted, or Restricted Stock or Deferred Stock awarded, to any individual who is then subject to Section 16 of the Exchange Act, shall be
subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule.
To the extent permitted by applicable law, the Plan, Options, Performance Awards, Dividend Equivalents, Stock Payments, Restricted Stock and Deferred Stock granted or awarded hereunder shall be deemed amended to the extent necessary to conform to
such applicable exemptive rule. Furthermore, notwithstanding any other provision of this Plan, any Option intended to qualify as performance-based compensation as described in Section 162(m)(4)(C) of the Code shall be subject to any additional
limitations set forth in or rulings issued thereunder that are requirements for qualification as performance-based compensation as described in Section 162(m)(4)(C) of the Code, and this Plan shall be deemed amended to the extent necessary to
conform to such requirements. 
 9.9 Effect of Plan Upon Options and Compensation Plans. The adoption of this Plan shall not affect
any other compensation or incentive plans in effect for the Company or any Subsidiary. Nothing in this Plan shall be construed to limit the right of the Company (i) to establish any other forms of incentives or compensation for Employees,
Directors or Consultants of the Company or any Subsidiary or (ii) to grant or assume options or other rights otherwise than under this Plan in connection with any proper corporate purpose, including but not by way of limitation, the grant or
assumption of options in connections with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, partnership, firm or association. 
  

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 9.10 Compliance with Laws. This Plan, the granting and vesting of Options, Restricted Stock
awards, Deferred Stock awards, Performance Awards, Dividend Equivalents, or Stock Payments under this Plan and the issuance and delivery of shares of Common Stock and the payment of money under this Plan or under Options, Performance Awards,
Dividend Equivalents or Stock Payments granted or Restricted Stock or Deferred Stock awarded hereunder are subject to compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal
securities law and federal margin requirements) and to such approvals by any listing, regulatory or governmental authority as, in the opinion of counsel for the Company, may be necessary or advisable in connection therewith. Any securities delivered
under this Plan shall be subject to such restrictions, and the person acquiring such securities, if requested by the Company, shall provide such assurance and representations to the Company as the Company may deem necessary or desirable to assure
compliance with all applicable legal requirements. To the extent permitted by applicable law, the Plan, Options, Restricted Stock awards, Deferred Stock awards, Performance Awards, Dividend Equivalents or Stock Payments granted or awarded hereunder
shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 
 9.11 Titles. Titles are provided
herein for convenience only and are not to serve as a basis for interpretation or construction of this Plan. 
 9.12 Governing Law.
This Plan and any agreements hereunder shall be administered, interpreted and enforced under the internal laws of the State of California without regard to conflicts of laws thereof. 
 * * * 
 I hereby certify that the foregoing Plan was duly adopted by the Board of
Directors of InPatient Consultants Management, Inc. on October 22, 1997. 
 Executed on this 22nd day of October, 1997. 
  

	
	 /s/ Devra G. Sharpiro

	Chief Financial Officer

  

 24 

 INPATIENT CONSULTANTS MANAGEMENT, INC. 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 THIS NON-QUALIFIED STOCK OPTION AGREEMENT
(“Agreement”), effective as of
                                        
    , by and between InPatient Consultants Management, Inc., a Delaware corporation (the “Company”), and
                                        
     (the “Holder”), is entered into pursuant to, and is governed by, the Company’s 1997 Equity Participation Plan (the “Plan”). 
 W I T N E S S E T H 
 WHEREAS, pursuant to the Plan, the Board of Directors
and/or Compensation Committee of the Company (the “Committee”) has authorized the grant to the Holder of a nonqualified stock option to purchase all or any part of (Ten) (10,000) shares of Common Stock of the Company
(“Shares”), at an exercise price of $0.06 per Share, under the following terms and conditions. 
 NOW, THEREFORE, in consideration
of the promises and the undertakings of the parties hereinafter contained, it is hereby agreed as follows: 
 1. Equity Participation
Plan. Holder has been furnished a copy of the Plan and agrees to be bound by all of the terms thereof and further agrees that all rights conferred by the Plan, as it may be amended from time to time, and this Agreement shall be subject to and
limited by applicable federal and state law. The Plan is hereby incorporated into and made a part of this Agreement as though set forth in full herein. Terms and phrases used herein shall have the same definitions or usage as in the Plan. In the
event of an ambiguity between the terms of the Plan and this Agreement, the terms of the Plan shall govern. 
 2. Award of Option. The
Holder is hereby granted a nonqualified stock option to purchase
                                        
(XX,000) Shares at the exercise price of $                 per Share under the terms and conditions specified in this Agreement and in the Plan (the
“Option”). The Option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. No options will be granted under the Plan or this Agreement unless
and until all applicable federal, state and foreign securities laws and securities exchange listing requirements have been met. The Company shall, at its own expense, take and diligently pursue all actions necessary under applicable law, including,
but not limited to, securities laws and securities exchange listing requirements, to effect the grant of the Option to the Holder. 
 3.
Term of Option. The Option shall terminate on the tenth anniversary of the date of this Agreement (the “Option Termination Date”) unless such Option shall be terminated before such date in accordance with the provisions of the Plan.

  

 25 

 4. Exercisability of Option.  
 4.1 Vesting. No Shares may be purchased by exercise of the Option until the Option has vested pursuant to the schedule set forth
below. Except as otherwise provided in the Plan and this Agreement, including Section 4.2 below, this Option shall become exercisable (“vest”) over a four (4) year period beginning on the date that is twelve
(12) months after the effective date hereof. Upon the completion of one year of Employment, Eight Thousand Seven Hundred Fifty (8,750) of the Shares shall immediately vest. Thereafter, the balance of the Shares shall vest monthly in equal
increments until fully vested or terminated hereunder. 
 4.2 Termination of Employment. 
 (a) Termination of Employment other than for Death or Disability. In the event that the Holder’s employment with the Company
is terminated by the Company for any reason except death or disability, the Holder’s Option may be exercised to the extent (and only to the extent) that it would have been exercisable upon the date of termination of the Holder’s employment
within three (3) months after the date of termination, but in any event no later than the tenth anniversary of the date of this Agreement; provided, however, if the Holder’s employment is terminated by the Company for cause, then Holder
shall not be entitled to exercise any vested Options, and the vesting of the Shares shall terminate immediately upon such termination. 
 (b) Termination of Employment for Disability or Death. If the Holder’s employment with the Company is terminated because of the disability of the Holder or the Holder’s death, the Holder’s Option
may be exercised to the extent (and only to the extent) that it would have been exercisable by the Holder on the date of termination of Holder’s employment and by the Holder (or the Holder’s legal representative) within six (6) months
after the date of termination of the Holder’s employment, but in any event no later than the tenth anniversary of the date of this Agreement. 
 (c) Termination of Employment by Holder. If Holder elects to terminate Holder’s employment by the Company, Holder shall nonetheless be entitled to exercise within three (3) months after the date of
notice of termination, but in any event no later than the tenth anniversary of the date of this Agreement, that portion of the Option which has vested prior to the date Holder gives written notice of Holder’s termination to the Company. Vesting
shall terminate immediately upon Holder’s giving notice of termination. 
 5. Method of Exercise of Option. This Option may be
exercised by written notice in the form attached as Exhibit A hereto, delivered to the Company stating the number of Shares with respect to which the Option is being exercised, accompanied by payment in cash or by check payable to the order
of the Company for the amount of the purchase price of such Shares. No less than Seventy-Five (75) Shares may be purchased at any one time unless the number purchased is the total number of vested Shares remaining under this Option. 

 

 26 

 6. Shares Issued upon Exercise. Upon receipt of a notice of exercise from the Holder and full
payment for the number of Shares acquired thereby, the Company shall, at its own expense, take and diligently pursue all actions necessary under applicable law, including, but not limited to, securities laws and securities exchange listing
requirements, to effect the transfer to the Holder of such Shares; provided, however, that no Shares are required to be transferred to the Holder under the Plan or this Agreement until such requirements have been met. Shares issued upon any exercise
of the Option hereunder shall not be “Restricted Shares” under the Plan. The Shares issued hereunder shall be subject to certain rights and restrictions governing the right of repurchase by the Company, among other things, set forth in
that certain Employment Agreement between the Company and Employee, and all certificates representing the Shares shall bear the following restrictive legend in addition to all other customary securities legends: 
 THE SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO 
 RESTRICTIONS ON TRANSFER AND REPURCHASE CONTAINED IN 
 THAT CERTAIN NON-QUALIFIED STOCK OPTION AGREEMENT 
 DATED AS OF
                                        
    , AS AMENDED FROM TIME TO 
 TIME, AND THAT CERTAIN EMPLOYMENT AGREEMENT DATED AS

 OF
                                        ,
AS AMENDED FROM TIME TO TIME, 
 BOTH BETWEEN THE COMPANY AND
                                        .
A 
 COPY OF SUCH RESTRICTIONS WILL BE PROVIDED TO THE HOLDER 
 OF THIS CERTIFICATE UPON WRITTEN REQUEST DELIVERED TO 
 THE COMPANY. 
 7.
No Guarantee of Employment. Nothing contained in this Agreement or in the Plan shall confer upon the Holder any right with respect to the continuation of Holder’s employment by the Company or, subject to the Employment Agreement,
interfere in any way with the right of the Company at any time to terminate such employment or to increase or decrease the compensation of the Holder. 
 8. Dissolution, Liquidation, Merger or Consolidation of the Company. Notwithstanding any other provisions of this Agreement, in the event of the dissolution or liquidation of the Company or in the event of a
merger, consolidation, change in control or other corporate transaction as defined in Section 1.10 of the Plan where the Company is not the surviving corporation or other event specified in Section 9.3 of the Plan, the Option shall be
treated in accordance with the provisions of Section 9.3 of the Plan. 
 9. Option and Share Adjustments. If the outstanding
shares of Common Stock of the Company are increased, decreased, changed into or exchanged for a different number or kind of shares of the Company through reorganization, recapitalization, reclassification, stock dividend, stock split, or reverse
stock split, a proportionate adjustment shall be made in the number or kind of Shares, and the per-Share exercise price thereof, hereunder subject to Section 9.3 of the Plan; provided, however, that no such adjustment shall effect a change in
the aggregate exercise price applicable to the unexercised portion of the Option. 
  

 27 

 10. Non-Assignability of Options and Restrictions on Transfer. 
 (a) Non-Assignability of Options. During the Holder’s lifetime, this Option, and any other rights conferred on the Holder by
this Agreement, may be exercised only by the Holder or the Holder’s duly appointed guardian or legal representative. This Option and such other rights shall not be sold, transferred, assigned, pledged, hypothecated, or otherwise disposed of in
any way (whether by operation of law or otherwise) except by will or the laws of descent and distribution, and shall not be subject to execution, attachment, or similar process. In the event that the spouse of the Holder has or shall have acquired a
community property interest in this Option or such rights, the Holder (or such permitted successors in interest upon the Holder’s death) may exercise this Option on behalf of the spouse of the Holder, or such spouse’s successor in
interest. Until its receipt of written notice of a permitted passage of rights hereunder, the Company shall be entitled, for all purposes, to treat the Holder as the holder of this Option. 
 (b) General Restrictions on Transfer. Holder shall not sell, convey, assign, pledge, exchange, hypothecate, encumber, or otherwise
transfer, for consideration or otherwise, whether voluntarily, involuntarily or by operation of law (“Transfer”), any or all of the Shares or any right or interest therein, except in accordance with the provisions of this Agreement
irrespective of whether any change in the record ownership of the Shares occurs. No purported transferee shall be recognized as a stockholder of the Company for any purpose whatsoever unless such Transfer shall have been made in accordance with the
provisions of this Agreement. No Shareholder shall pledge, mortgage or otherwise encumber Holder’s Shares in any manner whatsoever without the prior written consent of the Company. For purposes of this Agreement, the term “encumber”
shall mean the voluntary or involuntary creation of any form of security interest in the Shares by Holder on behalf of any other party or the attachment, garnishment, foreclosure, judgment or levy of or upon the Shares by any other person.

 (c) Permitted Transferees. Notwithstanding anything in this Agreement to the contrary, Holder (the
“Transferor”) may, during Holder’s lifetime, give or otherwise transfer, outright or in trust, any or all of Holder’s Shares to one or more of the following persons: Holder’s spouse, or Holder’s lineal ancestors or
descendants (the “Permitted Transferees”); provided that (i) each Permitted Transferee holds such Shares subject to all the terms and conditions of this Agreement and signs at the time of transfer, a consent to be bound by this
Agreement, (ii) each Permitted Transferee makes no further Transfer of any Shares, including any Transfer to a successor trustee or co-trustee, voluntarily or otherwise, except to Holder’s other Permitted Transferees, or as set forth above
and (iii) each spouse (if any) of each Permitted Transferee signs a spousal consent. Notwithstanding anything in this Agreement to the contrary, any Holder may transfer any or all of Holder’s Shares to a revocable, inter vivos trust of
which the Holder is the sole trustor and is the sole beneficiary during Holder’s lifetime provided that the trustee thereof (i) agrees to hold such Shares subject to all the terms and conditions of this Agreement and (ii) signs a
consent to be bound by this Agreement. If any transfer in violation of this Agreement shall be attempted, or if any involuntary or other purported Transfers of any Shares occurs or is attempted, it shall be void; and upon presentation for transfer,
the Company shall not give effect to such purported Transfer. 
  

 28 

 11. Limitation of Holder’s Rights. The Holder shall have no rights as a shareholder with
respect to the Common Stock of the Company covered by the Option until the date of the exercise of the Option. No adjustment will be made for dividends or other rights for which the record date is prior to the date such stock certificate or
certificates for the Shares are issued. 
 12. Withholding. The Company shall be entitled to deduct or cause to be deducted from other
compensation payable to the Holder any sums required by federal, state or local tax laws to be withheld with .respect to the exercise of this Option, but, in the alternative, the Company may require the Holder or other person exercising such Option
to pay, or the Holder or such other person may elect to pay, such sums directly to the Company. If the Holder or other person exercising the Option elects to pay such sums in cash, written notice of that election shall be delivered prior to such
exercise and, whether pursuant to such election or pursuant to a requirement imposed by the Company, payment in cash or by check of such sums shall be delivered within ten (10) days after the date of exercise. The Company shall not be obligated
to issue Shares to the Holder or such other person upon exercise of this Option until such payment has been received, unless withholding as of or prior to the date of such exercise is sufficient to cover all such sums due with respect to such
exercise. 
 13. Investment Covenant. The Holder represents and agrees that if the Holder exercises this Option in whole or in part at
a time when there is not in effect under the Securities Act of 1933, as amended, a registration statement relating to the Shares and there is not available for delivery a prospectus meeting the requirements of such Act, (i) the Holder will
acquire the Shares for the purpose of investment and not with a view to the distribution thereof, (ii) upon each such exercise of this Option, if requested by the Company, the Holder will furnish to the Company an investment letter in form and
substance satisfactory to the Company, (iii) prior to selling or offering for sale any such shares, if requested by the Company, the Holder will furnish the Company with an opinion of counsel satisfactory to it to the effect that such sale may
lawfully be made and will furnish it with such certificates as to factual matters as it may reasonably request, and (iv) certificates representing such shares may be marked with an appropriate legend describing such conditions precedent to sale
or transfer. Any person or persons entitled to exercise such Option under the provisions of Section 10 hereof shall furnish to the Company letters, opinions and certificates to the same effect as would otherwise be required of the
Holder. 
 14. Governing Law. This Agreement shall be construed and enforced in accordance with the internal laws of the State of
Delaware. 
 15. Fair Market Value. For purposes of this Agreement, “Fair Market Value” shall be determined as set forth in
the Plan. 
 16. Modification of Agreement. This Agreement may not be modified, amended, suspended or terminated, including for this
purpose by an amendment to the Plan intended to apply to this Option, nor may any terms, covenants, representations or conditions herein be waived, other than by a written instrument executed by both the parties hereto. 
  

 29 

 17. Severability. Should any provision of this Agreement be held by a court to be unenforceable or
invalid for any reason, the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms. 
 18. Counterparts. This Agreement may be executed in one or more counterparts and, when such counterparts have been executed by each of the parties hereto, such counterparts shall constitute a single and valid
agreement although each of the signatory parties have executed separate counterparts hereof. 
 19. Headings. Headings are provided
herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 
 IN WITNESS WHEREOF, the
parties hereto have entered into this Agreement as of the day and year first above written. 
  

					
	“COMPANY”:	 	 IN-PATIENT CONSULTANTS MANAGEMENT, INC.,
 a Delaware corporation

			
		 	By:	 	  

			
		 	Its:	 	  

			
	“HOLDER”:	 	By:	 	  

  

 30Amendment No. 1 to the 1997 Equity Participation Plan

 Exhibit 10.25 
 AMENDMENT NO. 1 
 TO 
 THE 1997 EQUITY PARTICIPATION PLAN 
 OF 
 IN-PATIENT CONSULTANTS MANAGEMENT, INC. 
 This
Amendment No. 1 (this “Amendment”) to The Equity Participation Plan of In-Patient Consultants Management, Inc., a Delaware corporation (“IPCM”), is effective as of April 29, 1998, with reference to the following:

 1. In-Patient Consultants Management, Inc., a California corporation (“IPCM California”), adopted the 1997 Equity Participation
Plan (the “Plan”), effective October 22, 1997, for the benefit of its eligible employees, consultants and directors. 
 2. The
Board of Directors of IPCM, successor by merger to IPCM California, desires to amend the Plan to increase the aggregate number of shares which may be issued upon exercise of options or rights or upon any such award under the Plan. 
 NOW, THEREFORE, the Plan is hereby amended as follows: 
 1. As of the date hereof, Article II, Section 2.1(a) of the Plan shall be amended to read in its entirety as follows: 
  

	 	1.0.1	Shares Subject to Plan. 

 (a) The
shares of stock subject to Options, awards of Restricted Stock, Performance Awards, Dividend Equivalents, awards of Deferred Stock or Stock Payments shall be Common Stock, and initially shares of the Company’s Common Stock. The aggregate number
of such shares which may be issued upon exercise of such options or rights or upon any such awards under the Plan shall not exceed Three Million Two Hundred Fifty Thousand (3,250,000). The shares of Common Stock issuable upon exercise of such
options or rights or upon any such awards may be either previously authorized but unissued shares or treasury shares. 
 2. Except as amended
hereby, The 1997 Equity Participation Plan remains in full force and effect. 

 IN WITNESS WHEREOF, the undersigned have executed this Amendment this 29th day of April, 1998.

  

			
	In-Patient Consultants Management, Inc.,
	a Delaware corporation
		
	By:	 	 /s/ Adam D. Singer, M.D.

		
	Its:	 	 CEO

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