Document:

Exhibit 10.7

 

E LA CARTE, INC.

 

2018 EQUITY INCENTIVE PLAN

 

As Adopted on November 7, 2018

 

1.
PURPOSE. The purpose of this Plan is to provide incentives to attract, retain and motivate eligible persons whose present
and potential contributions are important to the success of the Company, its Parent and Subsidiaries by offering eligible persons an opportunity
to participate in the Company’s future performance through the grant of Awards covering Shares. Capitalized terms not defined in
the text are defined in Section 14 hereof. Although this Plan is intended to be a written compensatory benefit plan within the meaning
of Rule 701, grants may be made pursuant to this Plan that do not qualify for exemption under Rule 701 or Section 25102(o). Any requirement
of this Plan that is required in law only because of Section 25102(o) need not apply if the Committee so provides.

 

2.
SHARES SUBJECT TO THE PLAN.

 

2.1
Number of Shares Available. Subject
to Sections 2.2 and 11 hereof, the total number of Shares reserved and available for grant and issuance pursuant to this Plan will be
2,134,848 Shares, which number includes (a) any authorized shares not issued or subject to outstanding grants under the Company’s
2008 Stock Incentive Plan (the “Prior Plan”) on the Effective Date (as defined in Section 13.1 hereof);
(b) shares that are subject to issuance under the Prior Plan but cease to be subject to an award for any reason other than exercise of
an option after the Effective Date; and (c) shares that were issued under the Prior Plan which are repurchased by the Company or which
are forfeited or used to pay withholding obligations or pay the exercise price of an Option. Subject to Sections 2.2 and 11 hereof, (A)
in the event that Shares previously issued under the Plan are reacquired by the Company pursuant to a forfeiture provision, right of first
refusal, or repurchase by the Company, such Shares shall be added to the number of Shares then available for issuance under the Plan;
(B) in the event that Shares that otherwise would have been issuable under the Plan are withheld by the Company in payment of the Purchase
Price, Exercise Price or withholding obligations, such Shares shall remain available for issuance under the Plan; and (C) in the event
that an outstanding Option, Restricted Stock Unit or SAR for any reason expires or is cancelled, forfeited or terminated, the Shares allocable
to the unexercised or unsettled portion of such Option, Restricted Stock Unit or SAR, as applicable, shall remain available for issuance
under the Plan. To the extent an Award is settled in cash, the cash settlement shall not reduce the number of Shares remaining available
for issuance under the Plan. At all times the Company will reserve and keep available a sufficient number of Shares as will be required
to satisfy the requirements of all Awards granted and outstanding under this Plan. In no event shall the total number of Shares issued
(counting each reissuance of a Share that was previously issued and then reacquired by the Company pursuant to a forfeiture provision,
right of first refusal, or repurchase by the Company as a separate issuance) under the Plan upon exercise of ISOs (as defined in Section
4 hereof) exceed 4,269,696 Shares (adjusted in proportion to any adjustments under Section 2.2 hereof) over the term of the Plan.

 

2.2 Adjustment of
Shares. In the event that the Company’s Common Stock is changed by a stock dividend, recapitalization, stock split,
reverse stock split, subdivision, combination, reclassification or other change in the capital structure of the Company affecting
Shares without consideration, then in order to prevent diminution or enlargement of the benefits or potential benefits intended to
be made available under the Plan (a) the number and class of Shares reserved for issuance under this Plan, (b) the Exercise Prices
of and number and class of Shares subject to outstanding Options and SARs, and (c) the Purchase Prices of and/or number and class of
Shares subject to other outstanding Awards will (to the extent appropriate) be proportionately adjusted, subject to any required
action by the Board or the stockholders of the Company and compliance with applicable securities or other laws; provided, however,
that fractions of a Share will not be issued but will either be paid in cash at the Fair Market Value of such fraction of a Share or
will be rounded down to the nearest whole Share, as determined by the Committee.

 

     

     

    

 

3.
PLAN FOR BENEFIT OF SERVICE PROVIDERS.

 

3.1
Eligibility. The Committee will have the authority to select persons to receive Awards. ISOs may be granted only to
employees (including officers and directors who are also employees) of the Company or of a Parent or Subsidiary of the Company. NQSOs
(as defined in Section 4 hereof) and all other types of Awards may be granted to employees, officers, directors and consultants of the
Company or any Parent or Subsidiary of the Company; provided such consultants render bona fide services not in connection
with the offer and sale of securities in a capital-raising transaction when Rule 701 is to apply to the Award granted for such services.
A person may be granted more than one Award under this Plan.

 

3.2
No Obligation to Employ. Nothing in this Plan or any Award granted under this Plan will confer or be deemed to confer
on any Participant any right to continue in the employ of, or to continue any other relationship with, the Company or any Subsidiary or
Parent of the Company or limit in any way the right of the Company or any Subsidiary or Parent of the Company to terminate Participant’s
employment or other relationship at any time, with or without Cause.

 

4.
OPTIONS. The Committee may grant Options to eligible persons described in Section 3 hereof and will determine whether
such Options will be Incentive Stock Options within the meaning of the Code (“ISOs”) or Nonqualified Stock Options
(“NQSOs”), the number of Shares subject to the Option, the Exercise Price of the Option, the period during which
the Option may be exercised, and all other terms and conditions of the Option, subject to the following.

 

4.1
Form of Option Grant. Each Option granted under this Plan will be evidenced by an Award Agreement which will expressly
identify the Option as an ISO or an NQSO (“Stock Option Agreement”), and will be in such form and contain such
provisions (which need not be the same for each Participant) as the Committee may from time to time approve, and which will comply with
and be subject to the terms and conditions of this Plan.

 

4.2
Date of Grant. The date of grant of an Option will be the date on which the Committee makes the determination to grant
such Option, unless a later date is otherwise specified by the Committee. The Stock Option Agreement and a copy of this Plan will be delivered
to the Participant within a reasonable time after the granting of the Option.

 

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4.3
 Exercise Period. Options may be exercisable within the time or upon the events determined by the Committee in the Award
Agreement and may be awarded as immediately exercisable but subject to repurchase pursuant to Section 10 hereof or may be exercisable
within the times or upon the events determined by the Committee as set forth in the Stock Option Agreement governing such Option; provided,
however, that (a) no Option will be exercisable after the expiration of ten (10) years from the date the Option is granted;
and (b) no ISO granted to a person who directly or by attribution owns more than ten percent (10%) of the total combined voting power
of all classes of stock of the Company or of any Subsidiary or Parent of the Company (“Ten Percent Stockholder”)
will be exercisable after the expiration of five (5) years from the date the ISO is granted; but in no event shall an Option granted to
an employee who is a non-exempt employee for purposes of overtime pay under the U.S. Fair Labor Standards Act of 1938 be exercisable earlier
than six (6) months after its date of grant. The Committee also may provide for Options to become exercisable at one time or from time
to time, periodically or otherwise, in such number of Shares or percentage of Shares as the Committee determines. In addition, if an Option
is determined to otherwise be subject to Section 409A of the Code, such Option shall be exercisable for the Shares subject to such Option
no later than the end of the applicable short-term deferral period determined under Section 409A of the Code by the Committee, except
as otherwise determined by the Committee.

 

4.4
Exercise Price. The Exercise Price of an Option will be determined by the Committee when the Option is granted and shall
not be less than the Fair Market Value per Share on the date of grant unless expressly determined in writing by the Committee; provided
that the Exercise Price of an ISO granted to a Ten Percent Stockholder will not be less than one hundred ten percent (110%) of the Fair
Market Value of the Shares on the date of grant. Payment for the Shares purchased must be made in accordance with Section 8 hereof.

 

4.5 Method of
Exercise. Options may be exercised only by delivery to the Company of a stock option exercise agreement (accepted via
written, electronic or other means) (the “Exercise Agreement”) in a form approved by the Committee (which
need not be the same for each Participant). The Exercise Agreement will state (a) the number of Shares being purchased, (b) the
restrictions imposed on the Shares purchased under such Exercise Agreement, if any, and (c) such representations and agreements
regarding Participant’s investment intent and access to information and other matters, if any, as may be required or desirable
by the Company to comply with applicable securities or other laws. Each Participant’s Exercise Agreement may be modified by
(i) agreement of Participant and the Company or (ii) substitution by the Company, upon becoming a public company, in order to add
the payment terms set forth in Section 8.1 that apply to a public company and such other terms as shall be necessary or advisable in
order to exercise a public company option. Upon exercise of an Option, Participant shall execute and deliver to the Company the
Exercise Agreement then in effect, together with payment in full of the Exercise Price for the number of Shares being purchased and
satisfaction of any applicable Tax-Related Obligations (as defined in Section 8.2 hereof). No adjustment will be made for a dividend
or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 2.2 of the Plan.
Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan and for
sale under the Option, by the number of Shares as to which the Option is exercised.

 

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4.6
Termination. Subject to earlier termination pursuant to Sections 11 and 13.3 hereof and notwithstanding the exercise
periods set forth in the Stock Option Agreement, exercise of an Option will always be subject to the following terms and conditions.

 

4.6.1
Other than Death or Disability or for Cause. If the Participant is Terminated for any reason other than death, Disability
or for Cause, then the Participant may exercise such Participant’s Options only to the extent that such Options are exercisable
as to Vested Shares upon the Termination Date, except as otherwise determined by the Committee or required by applicable law. Such Options
must be exercised by the Participant, if at all, as to all or some of the Vested Shares calculated as of the Termination Date or such
other date determined by the Committee, within three (3) months after the Termination Date (or within such shorter time period, not less
than thirty (30) days, or within such longer time period after the Termination Date as may be determined by the Committee or required
by applicable law, with any exercise beyond three (3) months after the date Participant ceases to be an employee deemed to be an NQSO)
but, in any event, no later than the expiration date of the Options.

 

4.6.2
Death or Disability. If the Participant is Terminated because of Participant’s death or Disability (or the Participant
dies within three (3) months after a Termination other than for Cause), then Participant’s Options may be exercised only to the
extent that such Options are exercisable as to Vested Shares on the Termination Date, except as otherwise determined by the Committee
or required by applicable law. Such Options must be exercised by Participant (or Participant’s legal representative or authorized
assignee), if at all, as to all or some of the Vested Shares calculated as of the Termination Date or such other date determined by the
Committee, within twelve (12) months after the Termination Date (or within such shorter time period, not less than six (6) months, or
within such longer time period, after the Termination Date as may be determined by the Committee or required by applicable law, with any
exercise beyond (a) three (3) months after the date Participant ceases to be an employee when the Termination is for any reason other
than the Participant’s death or disability, within the meaning of Section 22(e)(3) of the Code, or (b) twelve (12) months after
the date Participant ceases to be an employee when the Termination is for Participant’s disability, within the meaning of Section
22(e)(3) of the Code, deemed to be an NQSO) but in any event no later than the expiration date of the Options.

 

4.6.3
For Cause. If the Participant is Terminated for Cause, the Participant may exercise such Participant’s Options, but
not to an extent greater than such Options are exercisable as to Vested Shares upon the Termination Date and Participant’s Options
shall expire on such Participant’s Termination Date, or at such later time and on such conditions as are determined by the Committee.

 

4.7
Limitations on Exercise. The Committee may specify a reasonable minimum number of Shares that may be purchased on any
exercise of an Option, provided that such minimum number will not prevent Participant from exercising the Option for the
full number of Shares for which it is then exercisable.

 

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4.8
 Limitations on ISOs. The aggregate Fair Market Value (determined as of the date of grant) of Shares with respect to
which ISOs are exercisable for the first time by a Participant during any calendar year (under this Plan or under any other incentive
stock option plan of the Company or any Parent or Subsidiary of the Company) will not exceed One Hundred Thousand Dollars ($100,000).
If the Fair Market Value of Shares on the date of grant with respect to which ISOs are exercisable for the first time by a Participant
during any calendar year exceeds One Hundred Thousand Dollars ($100,000), then the Options for the first One Hundred Thousand Dollars
($100,000) worth of Shares to become exercisable in such calendar year will be ISOs and the Options for the amount in excess of One Hundred
Thousand Dollars ($100,000) that become exercisable in that calendar year will be NQSOs. In the event that the Code or the regulations
promulgated thereunder are amended after the Effective Date (as defined in Section 13.1 hereof) to provide for a different limit on the
Fair Market Value of Shares permitted to be subject to ISOs, then such different limit will be automatically incorporated herein and will
apply to any Options granted after the effective date of such amendment.

 

4.9
Modification, Extension or Renewal. The Committee may modify, extend or renew outstanding Options and authorize the
grant of new Options in substitution therefor, provided that any such action may not, without the written consent of a Participant,
impair any of such Participant’s rights under any Option previously granted, unless for the purpose of complying with applicable
laws and regulations. Any outstanding ISO that is modified, extended, renewed or otherwise altered will be treated in accordance with
Section 424(h) of the Code. Subject to Section 4.10 hereof, the Committee may reduce the Exercise Price of outstanding Options without
the consent of Participants by a written notice to them; provided, however, that the Exercise Price may not
be reduced below the minimum Exercise Price that would be permitted under Section 4.4 hereof for Options granted on the date the action
is taken to reduce the Exercise Price.

 

4.10
No Disqualification. Notwithstanding any other provision in this Plan, no term of this Plan relating to ISOs will be
interpreted, amended or altered, nor will any discretion or authority granted under this Plan be exercised, so as to disqualify this Plan
under Section 422 of the Code or, without the consent of the Participant, to disqualify any Participant’s ISO under Section 422
of the Code.

 

5.
RESTRICTED STOCK. A Restricted Stock Award is an offer by the Company to sell to an eligible person Shares that are
subject to certain specified restrictions. The Committee will determine to whom an offer will be made, the number of Shares the person
may purchase, the Purchase Price, the restrictions to which the Shares will be subject, and all other terms and conditions of the Restricted
Stock Award, subject to the following terms and conditions.

 

5.1 Form of
Restricted Stock Award. All purchases under a Restricted Stock Award made pursuant to this Plan will be evidenced by an
Award Agreement (“Restricted Stock Purchase Agreement”) that will be in such form (which need not be the
same for each Participant) as the Committee will from time to time approve, and will comply with and be subject to the terms and
conditions of this Plan. The Restricted Stock Award will be accepted by the Participant’s execution and delivery of the
Restricted Stock Purchase Agreement (accepted via written, electronic or other means) and full payment for the Shares to the Company
within thirty (30) days from the date the Restricted Stock Purchase Agreement is delivered to the person. If such person does not
execute and deliver the Restricted Stock Purchase Agreement along with full payment for the Shares to the Company within such thirty
(30) days, then the offer will terminate, unless otherwise determined by the Committee.

 

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5.2
Purchase Price. The Purchase Price of Shares sold pursuant to a Restricted Stock Award will be determined by the Committee
on the date the Restricted Stock Award is granted. Payment of the Purchase Price must be made in accordance with Section 8 hereof.

 

5.3
Dividends and Other Distributions. Participants holding Restricted Stock Awards will be entitled to receive all dividends
and other distributions paid with respect to such Shares, unless the Committee provides otherwise at the time the Award is granted. If
any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability
as the Restricted Stock Awards with respect to which they were paid.

 

5.4
Restrictions. Restricted Stock Awards may be subject to the restrictions set forth in Sections 9 and 10 hereof or, with
respect to a Restricted Stock Award to which Section 25102(o) is to apply, such other restrictions not inconsistent with Section 25102(o).

 

6.
RESTRICTED STOCK UNITS.

 

6.1
Awards of Restricted Stock Units. A Restricted Stock Unit (“RSU”) is an Award covering a number
of Shares that may be settled in cash, by issuance of those Shares at a date in the future, or by a combination of cash and Shares. No
Purchase Price shall apply to an RSU settled in Shares. All grants of RSUs will be evidenced by an Award Agreement (the “RSU
Agreement”) that will be in such form (which need not be the same for each Participant) as the Committee will from time
to time approve, and will comply with and be subject to the terms and conditions of this Plan. No RSU will have a term longer than ten
(10) years from the date the RSU is granted.

 

6.2
Form and Timing of Settlement. To the extent permissible under applicable law, the Committee may permit a Participant
to defer payment (including settlement) under an RSU to a date or dates after the RSU has vested, provided that the terms
of the RSU and any deferral satisfy the requirements of Section 409A of the Code (or any successor) and any regulations or rulings promulgated
thereunder, to the extent the Participant is subject to Section 409A of the Code. Payment may be made in the form of cash or whole Shares
or a combination thereof, all as the Committee determines.

 

6.3 Dividend
Equivalent Payments. The Board may permit Participants holding RSUs to receive dividend equivalent payments on outstanding
RSUs if and when dividends are paid to stockholders on Shares. In the discretion of the Board, such dividend equivalent payments may
be paid in cash or Shares and they may either be paid at the same time as dividend payments are made to stockholders or delayed
until Shares are issued pursuant to the RSU grants and may be subject to the same vesting or performance requirements as the RSUs.
If the Board permits dividend equivalent payments to be made on RSUs, the terms and conditions for such dividend equivalent payments
will be set forth in the RSU Agreement.

 

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7.
STOCK APPRECIATION RIGHTS.

 

7.1
Awards of SARs. Stock Appreciation Rights (“SARs”) may be settled in cash or Shares (which
may consist of Restricted Stock or RSUs) or a combination thereof, having a value equal to the value determined by multiplying the difference
between the Fair Market Value on the date of exercise over the Exercise Price and the number of Shares with respect to which the SAR is
being exercised. All grants of SARs made pursuant to this Plan will be evidenced by an Award Agreement (the “SAR Agreement”)
that will be in such form (which need not be the same for each Participant) as the Committee will from time to time approve, and will
comply with and be subject to the terms and conditions of this Plan.

 

7.2
Exercise Period and Expiration Date. A SAR will be exercisable within the times or upon the occurrence of events determined
by the Committee and set forth in the SAR Agreement. The SAR Agreement shall set forth the expiration date; provided that
no SAR will be exercisable after the expiration of ten (10) years from the date the SAR is granted.

 

7.3
Exercise Price. The Committee will determine the Exercise Price of the SAR when the SAR is granted, which may not be
less than the Fair Market Value on the date of grant.

 

7.4
Termination. Subject to earlier termination pursuant to Sections 11 and 13 hereof and notwithstanding the exercise periods
set forth in the SAR Agreement, exercise of SARs will always be subject to the following terms and conditions.

 

7.4.1
Other than Death or Disability or for Cause. If the Participant is Terminated for any reason other than death, Disability
or for Cause, then the Participant may exercise such Participant’s SARs only to the extent that such SARs are exercisable as to
Vested Shares upon the Termination Date or as otherwise determined by the Committee or as required by applicable law. SARs must be exercised
by the Participant, if at all, as to all or some of the Vested Shares calculated as of the Termination Date or such other date determined
by the Committee, within three (3) months after the Termination Date (or within such shorter time period, not less than thirty (30) days,
or within such longer time period after the Termination Date as may be determined by the Committee or as required by applicable law),
but in any event no later than the expiration date of the SARs.

 

7.4.2 Death or
Disability. If the Participant is Terminated because of Participant’s death or Disability (or the Participant dies within
three (3) months after a Termination other than for Cause), then Participant’s SARs may be exercised only to the extent that
such SARs are exercisable as to Vested Shares on the Termination Date or as otherwise determined by the Committee or as required by
applicable law. Such SARs must be exercised by Participant (or Participant’s legal representative or authorized assignee), if
at all, as to all or some of the Vested Shares calculated as of the Termination Date or such other date determined by the Committee,
within twelve (12) months after the Termination Date (or within such shorter time period, not less than six (6) months, or within
such longer time period after the Termination Date as may be determined by the Committee or as required by applicable law), but in
any event no later than the expiration date of the SARs.

 

7.4.3
For Cause. If the Participant is Terminated for Cause, the Participant may exercise such Participant’s SARs, but not
to an extent greater than such SARs are exercisable as to Vested Shares upon the Termination Date and Participant’s SARs shall expire
on such Participant’s Termination Date, or at such later time and on such conditions as are determined by the Committee.

 

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8.
PAYMENT FOR PURCHASES AND EXERCISES.

 

8.1
Payment in General. Payment for Shares acquired pursuant to this Plan may be made in cash equivalents (including by
check or Automated Clearing House (“ACH”) transfer) or, where
expressly approved for the Participant by the Committee and subject to compliance with applicable law:

 

(a) by cancellation of indebtedness of the Company owed to the Participant;

 

(b) by surrender of
shares of the Company that are clear of all liens, claims, encumbrances or security interests and: (i) for which the Company has
received “full payment of the purchase price” within the meaning of SEC Rule 144 (and, if such shares were purchased
from the Company by use of a promissory note, such note has been fully paid with respect to such shares) or (ii) that were obtained
by Participant in the public market;

 

(c) by tender of a full recourse promissory note having such terms as may be approved by the Committee and bearing interest at a rate
sufficient to avoid (i) imputation of income under Sections 483 and 1274 of the Code and (ii) unfavorable accounting treatment as determined
by the Committee; provided, however, that Participants who are not employees or directors of the Company will
not be entitled to purchase Shares with a promissory note unless the note is adequately secured by collateral other than the Shares; provided,
further, that the portion of the Exercise Price or Purchase Price, as the case may be, equal to the par value (if any) of the
Shares must be paid in cash or other legal consideration permitted by the laws under which the Company is then incorporated or organized;

 

(d) by waiver of compensation due or accrued to the Participant from the Company for services rendered;

 

(e) by participating in
a formal cashless exercise program implemented by the Committee in connection with the Plan;

 

(f) provided that a
public market for the Company’s common stock exists, by exercising through a “same day sale” commitment from the
Participant and a broker-dealer whereby the Participant irrevocably elects to exercise the Award and to sell a portion of the Shares
so purchased sufficient to pay the total Exercise Price or Purchase Price, and whereby the broker-dealer irrevocably commits upon
receipt of such Shares to forward the total Exercise Price or Purchase Price directly to the Company; or

 

(g) by any combination
of the foregoing or any other method of payment approved by the Committee.

 

For avoidance of uncertainty: ACH transfers that
have been received by the Company into its bank account designated for receipt of such transfers under this Section 8.1 shall be deemed
to have been received for all purposes under this Plan as of the date on which such transfers were initiated from the transferor’s
account and made irrevocable by the transferor.

 

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8.2
Withholding Taxes.

 

8.2.1
Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan, the Company may
require the Participant to remit to the Company an amount sufficient to satisfy the maximum tax withholding requirements as to income
tax, social insurance, payroll tax, fringe benefits tax, payment on account and other tax-related obligations (collectively, “Tax-Related
Obligations”1) prior to the delivery of any written or electronic certificate or certificates for such Shares.
Whenever, under this Plan, payments in satisfaction of Awards are to be made in cash by the Company, such payment will be net of an amount
sufficient to satisfy applicable tax withholding requirements.

 

8.2.2
Stock Withholding. When, under applicable tax laws, a Participant incurs tax liability in connection with the exercise or
vesting of any Award that is subject to tax withholding and the Participant is obligated to pay the Company the amount required to be
withheld, the Committee may in its sole discretion allow the Participant to satisfy up to the maximum Tax-Related Obligations in the employee’s
applicable jurisdictions by electing to have the Company withhold from the Shares to be issued up to the number of Shares having a Fair
Market Value on the date that the amount of tax to be withheld is to be determined that is not more than the maximum Tax-Related Obligations
in the employee’s applicable jurisdictions; or to arrange a mandatory “sell to cover” on Participant’s behalf
(without further authorization) but in no event will the Company withhold Shares or “sell to cover” if such withholding would
result in adverse accounting or compliance consequences to the Company. The maximum Tax-Related Obligations are based on the applicable
rates of the relevant tax authorities (for example, federal, state and local), including the employee’s share of payroll or similar
taxes, as provided in the tax law, regulations or the authority’s administrative practices, not to exceed the highest statutory
rate in that jurisdiction. Any elections to have Shares withheld or sold for this purpose will be made in accordance with the requirements
established by the Committee for such elections and be in writing in a form acceptable to the Committee.

 

9.
RESTRICTIONS ON AWARDS.

 

9.1 Transferability. Except
as permitted by the Committee, Awards granted under this Plan, and any interest therein, will not be transferable or assignable by
Participant, other than by will or by the laws of descent and distribution, and, with respect to NQSOs for Participants in the U.S.,
by instrument to an inter vivos or testamentary trust in which the NQSOs are to be passed to beneficiaries upon the death of the
trustor (settlor), or by gift to “family member” as that term is defined in Rule 701, and may not be made subject to
execution, attachment or similar process. For the avoidance of doubt, the prohibition against assignment and transfer applies to
Awards and any Shares underlying the Awards prior to the issuance of the Shares, and pursuant to the foregoing sentence shall be
understood to include, without limitation, a prohibition against any pledge, hypothecation, or other transfer, including any short
position, any “put equivalent position” or any “call equivalent position” (in each case, as defined in Rule
16a-l promulgated under the Exchange Act). Unless an Award is transferred pursuant to the terms of this Section, during the lifetime
of the Participant an Award will be exercisable only by the Participant or Participant’s legal representative and any
elections with respect to an Award may be made only by the Participant or Participant’s legal representative. The terms of an
Award shall be binding upon the executor, administrator, successors and assigns of the Participant who is a party thereto.

 

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9.2
Securities Law and Other Regulatory Compliance. Although this Plan is intended to be a written compensatory benefit
plan within the meaning of Rule 701 promulgated under the Securities Act, Awards may be made pursuant to this Plan that do not qualify
for exemption under Rule 701 or Section 25102(o). Any requirement of this Plan which is required in law only because of Section 25102(o)
need not apply with respect to a particular Award to which Section 25102(o) will not apply. An Award will not be effective unless such
Award is in compliance with all applicable U.S. and non-U.S. federal, state and local securities laws, rules and regulations of any governmental
body, and the requirements of any stock exchange or automated quotation system upon which the Company’s equity securities may then
be listed or quoted, as they are in effect on the date of grant of the Award and also on the date of exercise, settlement or other issuance.
Notwithstanding any other provision in this Plan, the Company will have no obligation to issue Shares or deliver certificates for Shares
under this Plan prior to (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable,
and/or (b) compliance with any exemption, completion of any registration or other qualification of such Shares under any U.S. and non-U.S.
federal, state or local law or ruling of any governmental body that the Company determines to be necessary or advisable. The Company will
be under no obligation to register the Shares with the SEC or to effect compliance with the exemption, registration, qualification or
listing requirements of any securities laws, stock exchange or automated quotation system, and the Company will have no liability for
any inability or failure to do so.

 

9.3
Exchange and Buyout of Awards. The Committee may, at any time or from time to time, authorize the Company, with the
consent of the respective Participants, to issue new Awards in exchange for the surrender and cancellation of any or all outstanding Awards.
Without prior stockholder approval the Committee may reprice Options or SARs (and where such repricing is a reduction in the Exercise
Price of outstanding Options or SARs, the consent of the affected Participants is not required provided written notice is provided to
them). The Committee may at any time buy from a Participant an Award previously granted with payment in cash, Shares (including Restricted
Stock) or other consideration, based on such terms and conditions as the Committee and the Participant may agree.

 

10.
 RESTRICTIONS ON SHARES.

 

10.1 Privileges of Stock Ownership. No Participant will have any of the rights of a stockholder with respect to any Shares
until such Shares are issued to the Participant. After Shares are issued to the Participant, the Participant will be a stockholder and
have all the rights of a stockholder with respect to such Shares, including the right to vote and receive all dividends or other distributions
made or paid with respect to such Shares; provided, that if such Shares are Restricted Stock, then any new, additional or
different securities the Participant may become entitled to receive with respect to such Shares by virtue of a stock dividend, stock split
or any other change in the corporate or capital structure of the Company will be subject to the same restrictions as the Restricted Stock.
The Participant will have no right to retain such stock dividends or stock distributions with respect to Unvested Shares that are repurchased
as described in this Section 10.

 

10.2 Rights of First Refusal and Repurchase. At the discretion of the Committee, the Company may reserve to itself and/or
its assignee(s) in the Award Agreement (a) a right of first refusal to purchase all Shares that a Participant (or a subsequent transferee)
may propose to transfer to a third party, provided that such right of first refusal terminates upon (i) subject to any applicable
market standoff restrictions, the effective date of the first sale of common stock of the Company to the general public pursuant to a
registration statement filed with and declared effective by the SEC under the Securities Act (other than a registration statement relating
solely to the issuance of common stock pursuant to a business combination or an employee incentive or benefit plan); (ii) any transfer
or conversion of Shares made pursuant to a statutory merger or statutory consolidation of the Company with or into another corporation
or corporations if the common stock of the surviving corporation or any direct or indirect Parent thereof is registered under the Exchange
Act; or (iii) any transfer or conversion of Shares made pursuant to a statutory conversion of the Company into another form of legal entity
if the common equity (or comparable equity security) of entity resulting from such conversion is registered under the Exchange Act; and
(b) a right to repurchase Unvested Shares held by a Participant for cash and/or cancellation of purchase money indebtedness owed to the
Company by the Participant following such Participant’s Termination at any time.

 

    10

     

    

 

10.3 Agreement to Vote Shares. At the discretion of the Committee, the Company may require that, as a condition to the receipt
of the Shares upon issuance of an Award, exercise of an Option or SAR or settlement of an RSU, the Participant and any transferee of the
Shares agree to vote such Shares pursuant to the terms of a Voting Agreement by and between the Company and certain of its stockholders.

 

10.4 Escrow; Pledge
of Shares. To enforce any restrictions on a Participant’s Shares, the Committee may require the Participant to deposit
all written or electronic certificates representing Shares, together with stock powers or other instruments of transfer approved by
the Committee, appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such
restrictions have lapsed or terminated. The Committee may cause a legend or legends referencing such restrictions to be placed on
the written or electronic certificate. Any Participant who is permitted to execute a promissory note as partial or full
consideration for the purchase of Shares under this Plan will be required to pledge and deposit with the Company all or part of the
Shares so purchased as collateral to secure the payment of Participant’s obligation to the Company under the promissory note; provided, however,
that the Committee may require or accept other or additional forms of collateral to secure the payment of such obligation and, in
any event, the Company will have full recourse against the Participant under the promissory note notwithstanding any pledge of the
Participant’s Shares or other collateral. In connection with any pledge of the Shares, Participant will be required to execute
and deliver a written pledge agreement in such form as the Committee will from time to time approve. The Shares purchased with the
promissory note may be released from the pledge on a pro rata basis as the promissory note is paid.

 

10.5 Securities Law Restrictions. All written or electronic certificates for Shares or other securities delivered under this
Plan will be subject to such stock transfer orders, legends and other restrictions as the Committee may deem necessary or advisable, including
restrictions under any applicable U.S. and non-U.S. federal, state or local securities law, or any rules, regulations and other requirements
of the SEC or any stock exchange or automated quotation system upon which the Company’s equity securities may be listed or quoted.

 

    11

     

    

 

11.
CORPORATE TRANSACTIONS.

 

11.1 Acquisitions or Other Combinations. In the event that the Company is subject to an Acquisition or Other Combination,
outstanding Awards acquired under the Plan shall be subject to the agreement evidencing the Acquisition or Other Combination, which need
not treat all outstanding Awards in an identical manner. Such agreement, without the Participant’s consent, shall provide for one
or more of the following with respect to all outstanding Awards as of the effective date of such Acquisition or Other Combination:

 

(a) The continuation of such outstanding Awards by the Company (if the Company is the successor entity).

 

(b) The assumption of
outstanding Awards by the successor or acquiring entity (if any) in such Acquisition or Other Combination (or by any of its Parents,
if any), which assumption, will be binding on all Participants; provided that the exercise price and the number and nature of shares
issuable upon exercise of any such option or stock appreciation right, or upon the settlement of any award that is subject to
Section 409A of the Code, will be adjusted appropriately pursuant to Section 424(a) and Section 409A of the Code. For the purposes
of this Section 11, an Award will be considered assumed if, following the Acquisition or Other Combination, the Award confers the
right to purchase or receive, for each Share subject to the Award immediately prior to the Acquisition or Other Combination, the
consideration (whether stock, cash, or other securities or property) received in the Acquisition or Other Combination by holders of
Shares for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type
of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration
received in the Acquisition or Other Combination is not solely common stock of the successor corporation or its Parent, the
Committee may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an
Option or Stock Appreciation Right or upon the settlement of an RSU, for each Share subject to such Award, to be solely common stock
of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common
Stock in the Acquisition or Other Combination.

 

(c) The substitution by the successor or acquiring entity in such Acquisition or Other Combination (or by any of its Parents, if any)
of equivalent awards with substantially the same terms for such outstanding Awards (except that the exercise price and the number and
nature of shares issuable upon exercise of any such option or stock appreciation right, or any award that is subject to Section 409A of
the Code, will be adjusted appropriately pursuant to Section 424(a) and Section 409A of the Code).

 

(d) The full or partial exercisability or vesting and accelerated expiration of outstanding Awards.

 

(e) The settlement of the Fair Market Value of such outstanding Award (whether or not then vested or exercisable) in cash, cash equivalents,
or securities of the successor entity (or its Parent, if any), followed by the cancellation of such Awards; provided however, that such
Award may be cancelled without consideration if such Award has no value, as determined by the Committee, in its discretion. Subject to
Section 409A of the Code, such payment may be made in installments and may be deferred until the date or dates when the Award would have
become exercisable or vested. Such payment may be subject to vesting based on the Participant’s continued service, provided that
without the Participant’s consent, the vesting schedule shall not be less favorable to the Participant than the schedule under which
the Award would have become vested or exercisable. For purposes of this Section 11.1(e), the Fair Market Value of any security shall be
determined without regard to any vesting conditions that may apply to such security.

 

    12

     

    

 

(f) The termination in its entirety of any outstanding Award, without payment of any consideration, that is not exercised in accordance
with its terms upon or prior to consummation of the transactions contemplated by the Acquisition or Other Combination within a time specified
by the Committee, in its discretion, for such exercise, whether or not such Award is then fully exercisable.

 

Immediately following an Acquisition
or Other Combination, outstanding Awards shall terminate and cease to be outstanding, except to the extent such Awards, have been continued,
assumed or substituted, as described in Sections 11.1(a), (b) and/or (c).

 

11.2 Assumption of
Awards by the Company. The Company, from time to time, also may substitute or assume outstanding awards granted by another
entity, whether in connection with an acquisition of such other entity or otherwise, by either (a) granting an Award under this Plan
in substitution of such other entity’s award or (b) assuming and/or converting such award as if it had been granted under this
Plan if the terms of such assumed award could be applied to an Award granted under this Plan. Such substitution or assumption will
be permissible if the holder of the substituted or assumed award would have been eligible to be granted an Award under this Plan if
the other entity had applied the rules of this Plan to such grant. In the event the Company assumes an award granted by another
entity, the terms and conditions of such award will remain unchanged (except that the exercise price and the number and nature of
shares issuable upon exercise of any such option or stock appreciation right, or any award that is subject to Section 409A of the
Code, will be adjusted appropriately pursuant to Section 424(a) of the Code). In the event the Company elects to grant a new Option
or SAR in substitution for and rather than assuming an existing option or stock appreciation right, such new Option or SAR may be
granted with a similarly adjusted Exercise Price and number of underlying Shares and such other changes approved by the Committee,
subject to the consent of the Participant.

 

12.
ADMINISTRATION.

 

12.1 Committee Authority. This Plan will be administered by the Committee. Subject to the general purposes, terms and conditions
of this Plan, and to the direction of the Board, the Committee will have full power to implement and carry out this Plan. Without limitation,
the Committee will have the authority to:

 

(a) construe and interpret this Plan, any Award Agreement and any other agreement or document executed pursuant to this Plan;

 

(b)
prescribe, amend, expand, modify and rescind or terminate rules and regulations relating to this Plan;

 

(c)
approve persons to receive Awards;

 

(d)
determine the form and terms of Awards;

 

    13

     

    

 

(e)
determine the number of Shares or other consideration subject to Awards granted under this Plan;

 

(f)
determine the Fair Market Value in good faith and interpret the applicable provisions of this Plan and the definition of Fair Market
Value in connection with circumstances that impact the Fair Market Value, if necessary;

 

(g)
determine whether Awards will be granted singly, in combination with, in tandem with, in replacement of, or as alternatives to,
other Awards under this Plan or awards under any other incentive or compensation plan of the Company or any Parent or Subsidiary of the
Company;

 

(h)
grant waivers of any conditions of this Plan or any Award;

 

(i)  
determine the terms of vesting, exercisability, settlement and payment of Awards to be granted pursuant to this Plan;

 

(j)  
correct any defect, supply any omission, or reconcile any inconsistency in this Plan, any Award, any Award Agreement or any Exercise
Agreement;

 

(k)
determine whether an Award has vested or become exercisable;

 

(l)  
extend the vesting period beyond a Participant’s Termination Date;

 

(m)    
 adopt rules and/or procedures (including the adoption of any subplan under this Plan) relating to the operation and administration
of the Plan to accommodate or facilitate requirements of local law and procedures outside of the United States;

 

(n)
delegate any of the foregoing to a subcommittee consisting of one or more directors or executive officers pursuant to a specific
delegation as may otherwise be permitted by applicable law;

 

(o)
change the vesting schedule of Awards under the Plan prospectively in the event that the Participant’s service status changes
between full and part time status in accordance with Company policies relating to work schedules and vesting of Awards; and

 

(p)
make all other determinations necessary or advisable in connection with the administration of this Plan.

 

12.2
Standalone, Tandem and Substitute Awards. Awards granted under the Plan may, in the sole discretion of the Committee,
be granted either alone or in addition to, in tandem with, or in substitution for, any other Award granted under the Plan. Awards granted
in addition to or in tandem with other Awards may be granted either at the same time as or at a different time from the grant of such
other Awards.

 

12.3
Committee Composition and Discretion. The Board may delegate full administrative authority over the Plan and Awards
to a Committee consisting of at least one member of the Board (or such greater number as may then be required by applicable law). Unless
in contravention of any express terms of this Plan or Award, any determination made by the Committee with respect to any Award will be
made in its sole discretion either (a) at the time of grant of the Award, or (b) subject to Section 4.9 hereof, at any later time. Any
such determination will be final and binding on the Company and on all persons having an interest in any Award under this Plan. To the
extent permitted by applicable law, the Committee may delegate to one or more directors or officers of the Company the authority to grant
an Award under this Plan.

 

    14

     

    

 

12.4
Nonexclusivity of the Plan. Neither the adoption of this Plan by the Board, the submission of this Plan to the stockholders
of the Company for approval, nor any provision of this Plan will be construed as creating any limitations on the power of the Board to
adopt such additional compensation arrangements as it may deem desirable, including, without limitation, the granting of stock options
and other equity awards otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in
specific cases.

 

12.5
Governing Law. This Plan and all agreements hereunder shall be governed by and construed in accordance with the laws
of the State of California, without giving effect to that body of laws pertaining to conflict of laws.

 

13.
EFFECTIVENESS, AMENDMENT AND TERMINATION OF THE PLAN.

 

13.1 Adoption and
Stockholder Approval. This Plan will become effective on the date that it is adopted by the Board (the
“Effective Date”). This Plan will be approved by the stockholders of the Company (excluding Shares issued
pursuant to this Plan), consistent with applicable laws, within twelve (12) months before or after the Effective Date. Upon the
Effective Date, the Committee may grant Awards pursuant to this Plan; provided, however, that: (a) no
Option or SAR may be exercised prior to initial stockholder approval of this Plan; (b) no Option or SAR granted pursuant to an
increase in the number of Shares approved by the Board shall be exercised prior to the time such increase has been approved by the
stockholders of the Company; (c) in the event that initial stockholder approval is not obtained within the time period provided
herein, all Awards for which only the exemption from California’s securities qualification requirements provided by Section
25102(o) can apply shall be canceled, any Shares issued pursuant to any such Award shall be canceled and any purchase of such Shares
issued hereunder shall be rescinded; and (d) Awards (to which only the exemption from California’s securities qualification
requirements provided by Section 25102(o) can apply) granted pursuant to an increase in the number of Shares approved by the Board
which increase is not approved by stockholders within the time then required under Section 25102(o) shall be canceled, any Shares
issued pursuant to any such Awards shall be canceled, and any purchase of Shares subject to any such Award shall be rescinded.

 

13.2
Term of Plan. Unless earlier terminated as provided herein, this Plan will automatically terminate ten (10) years after
the Effective Date.

 

13.3
Amendment or Termination of Plan. Subject to Section 4.9 hereof, the Board may at any time (a) terminate or amend this
Plan in any respect, including without limitation amendment of any form of Award Agreement or instrument to be executed pursuant to this
Plan and (b) terminate any and all outstanding Options, SARs or RSUs upon a dissolution or liquidation of the Company, followed by the
payment of creditors and the distribution of any remaining funds to the Company’s stockholders; provided, however,
that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder
approval pursuant to Section 25102(o) or pursuant to the Code or the regulations promulgated under the Code as such provisions apply to
ISO plans. The termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Award previously
granted under the Plan.

 

    15

     

    

 

14.
DEFINITIONS. For all purposes of this Plan, the following terms will have the following meanings.

 

“Acquisition,”
for purposes of Section 11, means:

 

(a)
any consolidation or merger in which the Company is a constituent entity or is a party in which the voting stock and other voting
securities of the Company that are outstanding immediately prior to the consummation of such consolidation or merger represent, or are
converted into, securities of the surviving entity of such consolidation or merger (or of any Parent of such surviving entity) that, immediately
after the consummation of such consolidation or merger, together possess less than fifty percent (50%) of the total voting power of all
voting securities of such surviving entity (or of any of its Parents, if any) that are outstanding immediately after the consummation
of such consolidation or merger;

 

(b)
 a sale or other transfer by the holders thereof of outstanding voting stock and/or other voting securities of the Company possessing
more than fifty percent (50%) of the total voting power of all outstanding voting securities of the Company, whether in one transaction
or in a series of related transactions, pursuant to an agreement or agreements to which the Company is a party and that has been approved
by the Board, and pursuant to which such outstanding voting securities are sold or transferred to a single person or entity, to one or
more persons or entities who are Affiliates of each other, or to one or more persons or entities acting in concert; or

 

(c)
the sale, lease, transfer or other disposition, in a single transaction or series of related transactions, by the Company and/or
any Subsidiary or Subsidiaries of the Company, of all or substantially all the assets of the Company and its Subsidiaries taken as a whole
(or, if substantially all of the assets of the Company and its Subsidiaries taken as a whole are held by one or more Subsidiaries, the
sale or disposition (whether by consolidation, merger, conversion or otherwise) of such Subsidiaries of the Company), except where such
sale, lease, transfer or other disposition is made to the Company or one or more wholly owned Subsidiaries of the Company.

 

Notwithstanding the foregoing, the following transactions
shall not constitute an “Acquisition”: (1) the closing of the Company’s first public offering pursuant to an effective
registration statement filed under the Securities Act or (2) any transaction the sole purpose of which is to change the state of incorporation
of the Company or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s
securities immediately before such transaction.

 

“Affiliate”
of a specified person means a person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or
is under common control with, the person specified (where, for purposes of this definition, the term “control”
(including the terms “controlling,” “controlled by” and “under common
control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management
and policies of a person, whether through the ownership of voting securities, by contract, or otherwise.

 

    16

     

    

 

“Award”
means any award pursuant to the terms and conditions of this Plan, including any Option, Restricted Stock Unit, Stock Appreciation Right
or Restricted Stock Award.

 

“Award Agreement”
means, with respect to each Award, the executed written or electronic agreement between the Company and the Participant setting forth
the terms and conditions of the Award as approved by the Committee. For purposes of the Plan, the Award Agreement may be accepted by a
Participant via written, electronic or other means, subject to requirements under applicable law.

 

“Board”
means the Board of Directors of the Company.

 

“Cause”
means Termination because of (a) Participant’s unauthorized misuse of the Company or a Parent or Subsidiary of the
Company’s trade secrets or proprietary information, (b) Participant’s conviction of or plea of nolo contendere to a
felony or a crime involving moral turpitude, (c) Participant’s committing an act of fraud against the Company or a Parent or
Subsidiary of the Company or (d) Participant’s gross negligence or willful misconduct in the performance of his or her duties
that has had or will have a material adverse effect on the Company or Parent or Subsidiary of the Company’ reputation or
business.

 

“Code”
means the U.S. Internal Revenue Code of 1986, as amended.

 

“Committee”
means the committee created and appointed by the Board to administer this Plan, or if no committee is created and appointed, the Board.

 

“Company”
means E La Carte, Inc., a Delaware corporation, or any successor corporation.

 

“Disability”
means a Participant is unable to perform the duties of his or her customary position of employment by reason of any medically determinable
physical or mental impairment that can be expected to result in death or that can be expected to last for a continuous period of not less
than twelve (12) months. The Committee may require such medical or other evidence as it deems necessary to judge the nature and permanency
of the Participant’s condition.

 

“Exchange Act”
means the U.S. Securities Exchange Act of 1934, as amended.

 

“Exercise Price”
means the price per Share at which a holder of an Option or a SAR may purchase Shares issuable upon exercise of the Option or the SAR.

 

“Fair Market Value”
means, as of any date, the value of a Share determined as follows:

 

(a)
if such Share is then publicly traded on a national securities exchange, its closing price on the date of determination on the
principal national securities exchange on which the Share is listed or admitted to trading as reported in The Wall Street Journal;

 

    17

     

    

 

(b)
if such Share is publicly traded but is not listed or admitted to trading on a national securities exchange, the average of the
closing bid and ask prices on the date of determination as reported by The Wall Street Journal (or as otherwise reported by any newspaper
or other source as the Committee may determine); or

 

(c)
if none of the foregoing is applicable to the valuation in question, by the Committee in good faith.

 

“Option”
means an award of an option to purchase Shares pursuant to Section 4 of this Plan.

 

“Other
Combination” for purposes of Section 11 means any (a) consolidation or merger in which the Company is a constituent
entity and is not the surviving entity of such consolidation or merger or (b) any conversion of the Company into another form of
entity; provided that such consolidation, merger or conversion does not constitute an Acquisition.

 

“Parent”
of a specified entity means, any entity that, either directly or indirectly, owns or controls such specified entity, where for this purpose,
“control” means the ownership of stock, securities or other interests that possess at least a majority of the
voting power of such specified entity (including indirect ownership or control of such stock, securities or other interests).

 

“Participant”
means a person who receives an Award under this Plan.

 

“Plan”
means this 2018 Equity Incentive Plan, as amended from time to time.

 

“Purchase Price”
means the price at which a Participant may purchase Restricted Stock pursuant to this Plan.

 

“Restricted Stock”
means Shares purchased pursuant to a Restricted Stock Award under this Plan.

 

“Restricted Stock
Award” means an award of Shares pursuant to Section 5 hereof.

 

“Restricted Stock
Unit” or “RSU” means an award made pursuant to Section 6 hereof.

 

“Rule 701”
means Rule 701 et seq. promulgated by the SEC under the Securities Act.

 

“SEC”
means the U.S. Securities and Exchange Commission.

 

“Section 25102(o)”
means Section 25102(o) of the California Corporations Code.

 

“Securities Act”
means the U.S. Securities Act of 1933, as amended.

 

“Shares”
means shares of the Company’s Common Stock, $0.001 par value per share, reserved for issuance under this Plan, as adjusted pursuant
to Sections 2.2 and 11 hereof, and any successor security.

 

    18

     

    

 

“Stock Appreciation
Right” or “SAR” means an award granted pursuant to Section 7 hereof.

 

“Subsidiary”
means any entity (other than the Company) in an unbroken chain of entities beginning with the Company if each of the entities other than
the last entity in the unbroken chain owns stock or other equity securities representing fifty percent (50%) or more of the total combined
voting power of all classes of stock or other equity securities in one of the other entities in such chain.

 

“Termination”
or “Terminated” means, for purposes of this Plan with respect to a Participant, that the Participant has for
any reason ceased to provide services as an employee, officer, director or consultant to the Company or a Parent or Subsidiary of the
Company. A Participant will not be deemed to have ceased to provide services while the Participant is on a bona fide leave of absence,
if such leave was approved by the Company in writing. In the case of an approved leave of absence, the Committee may make such provisions
respecting crediting of service, including suspension of vesting of the Award (including pursuant to a formal policy adopted from time
to time by the Company) it may deem appropriate. The Committee will have sole discretion to determine whether a Participant has ceased
to provide services and the effective date on which the Participant ceased to provide services (the “Termination Date”).

 

“Unvested Shares”
means “Unvested Shares” as defined in the Award Agreement for an Award.

 

“Vested Shares”
means “Vested Shares” as defined in the Award Agreement for an Award.

 

***********

 

 

19Exhibit 10.12

 

 

E La Carte, Inc. dba Presto

440 N. Wolfe Rd.

Sunnyvale, CA 94085

 

February 23, 2021

 

Dan Mosher

 

		Re:	Offer of Employment by E la Carte, Inc.

 

Dear Dan,

 

I am very pleased to offer you employment with
E La Carte, Inc. dba Presto, (the “Company”). Your employment by the Company will be governed by the following terms and conditions.

 

		1.	Position.

 

For the term of your employment under this agreement
(your “Employment”), the Company will employ you in the position of Chief Revenue Officer, or in such other positions
as the Company subsequently may assign to you. You will report to Raj Suri, CEO.

 

		2.	Commencement Date.

 

You shall commence regular full-time employment
on March 15th, 2021.

 

		3.	Salary.

 

The Company will pay you as compensation for your
services an initial base salary at a gross annual rate of $230,000.00 (“base salary”). Your base salary shall be payable
in accordance with the Company’s standard payroll procedures, subject to applicable withholdings and deductions, as authorized or
required by applicable laws. In addition, you will be eligible for an initial commission-based variable annual incentive of $200,000.00,
paid twice a year, on July 15th and January 15th. Semi-annual goals will be awarded and paid based on criteria
to be established and approved by the Company’s Chief Executive Officer within 15 days of the beginning of each six month period.
The initial 17 days of a Q1 ramp up period (March 15-March 31) will be paid out on a pro-rated basis. The initial base salary will be
reviewed by the CEO on completion of your first 12 months of employment with the Company.

 

		4.	Stock Options.

 

Subject to the approval of the Company’s
Board of Directors, in its sole discretion, the Company shall grant you stock options covering 633,836 of the Company’s Common
Stock (the “Option”). The Option, if approved, shall be granted as soon as reasonably practicable after the date of this agreement.
The exercise price of the Option shall be equal to the fair market value of the Company’s Common Stock as determined by the Board
of Directors on the later of (i) the date of grant or (ii) the first day of your Employment. The Option will be subject to the terms and
conditions set forth in the Company’s Equity Incentive Plan (the “Plan”). The term of the Option shall be 10 years,
subject to earlier expiration in the event of the termination of your Employment. The Option shall vest and become exercisable at the
rate of 25% of the total number of option shares after the first 12 months of continuous service and the remaining option shares shall
become vested and exercisable in equal monthly installments over the next 3 years of continuous service. You shall have 90 days following
a termination of service for any reason to exercise any vested portion of the Option, provided that the Option shall have a maximum term
of 10 years.

 

    
	 	Presto	1

     

    

 

 

You will vest 50% of your remaining unvested Options
in the event that (I) the Company is subject to a Change in Control and (II) the Company terminates your employment for any reason
other than Cause and a separation occurs during the three (3) month period following such Change in Control.

 

For the purposes of this agreement, the terms
in bold in the previous paragraph have the meanings set forth below:

 

“Cause” means your (a) your
unauthorized use or disclosure of the Company’s confidential information or trade secrets, which use causes material harm to the
Company, (b) your material breach of any agreement between you and the Company (c) your material failure to comply with the Company’s
written policies or rules, (d) your conviction or your plea of “guilty” or “no contest” to a felony under the
laws of the United States or any State, (e) your gross negligence or willful misconduct, (f) your continuing failure to perform previously
assigned and agreed to duties after receiving written notification of the failure from the Company’s Board of Directors and after
receiving a 30 day cure period or (g) your failure to cooperate in good faith with a governmental or internal investigation of the Company
or its directors, officers or employees if the Company has requested your cooperation.

 

“Change in Control” means (a)
the consummation of a merger or consolidation of the Company with or into another entity or (b) the dissolution, liquidation or winding
up of the Company. The foregoing notwithstanding, a merger or consolidation of the Company does not constitute a “Change in Control”
if immediately after the merger or consolidation a majority of the voting power of the capital stock of the continuing or surviving entity,
or any direct or indirect parent corporation of the continuing or surviving entity, will be owned by the persons who were the Company’s
stockholders immediately prior to such merger or consolidation in substantially the same proportions as their ownership of the voting
power of the Company’s capital stock immediately prior to the merger or consolidation.

 

		5.	Benefits.

 

During your employment, full-time employees will
be eligible to participate in the employee benefit plans maintained by the Company that are offered to similarly-situated employees, subject
in each case to the generally applicable terms and conditions of the plan in question and to the determinations of any person or committee
administering such plan. The Company reserves the right to change or otherwise modify, in its sole discretion, such plans and policies.

 

		6.	Employment, Confidential Information and Invention Assignment Agreement.

 

As an employee of the Company, you will be asked
to enter into an Employment Agreement that will have, among other things, provisions relating to:

 

		(a)	non-disclosure of information;

 

		(b)	assignment of inventions;

 

		(c)	conflicts of interest; and,

 

		(d)	Arbitration.

 

This Employment, Confidential Information and
Invention Assignment Agreement is included as Attachment A.

 

    
	 	Presto	2

     

    

 

 

		7.	Company Policies.

 

You agree to comply with all of the Company’s
policies and rules in effect during your Employment. You understand that the Company expects employees to devote their best efforts, energies,
and loyalty to the Company. You understand that, due to the importance of this requirement, the Company prohibits any outside employment
or other activities or relationships that would create any actual conflict with the essential enterprise-related interests of the Company
and that would constitute a material and substantial disruption with the Company’s operation. If, at any time during your Employment,
you wish to engage in outside employment that may create a real or apparent conflict of interest, you must submit a written request to
the Chief Executive Officer of the Company explaining the details of the outside employment.

 

		8.	No Breach of Obligations to Prior Employers.

 

You represent that signing this offer letter will
not violate any agreement currently in place between yourself and current or past employers. We wish to impress upon you that we do not
want you to bring with you, or use or disclose, any confidential or proprietary material of any former employer or to violate any other
obligations you may have to any former employer.

 

		9.	At Will Employment.

 

Your Employment will be “at will,”
which means that either you or the Company may terminate your Employment at any time and for any reason, with or without prior notice
and with or without cause. It also means that the Company reserves the right to determine and change at any time your job duties, title,
level and responsibilities, reporting relationships, compensation and benefits, as well as its personnel policies and procedures for any
reason or for no particular reason or cause. Any statements or representations to the contrary (and, indeed, any statements contradicting
any provision in this letter) should be regarded by you as ineffective. Further, your participation in any stock option or benefit program
is not to be regarded as assuring you of continuing employment for any particular period of time. Any modification to or change in your
at will employment status may only occur by way of a written employment agreement signed by you and the Chief Executive Officer of the
Company.

 

		10.	Right to Work.

 

Please note that because of employer regulations
adopted in the Immigration Reform and Control Act of 1986, within three (3) business days of starting your new position you will need
to present documentation demonstrating that you have authorization to work in the United States. The Company participates in USCIS e-Verify
program. The Company will provide the Social Security Administration and, if necessary, the Department of Homeland Security, with information
from your Form I-9 to confirm employment verification. If you have questions about this requirement, which applies to U.S. citizens and
non-U.S. citizens alike, you may contact the Human Resources department.

 

		11.	Entire Agreement.

 

This offer, once accepted, constitutes the entire
agreement between you and the Company with respect to the subject matter hereof and supersedes all prior offers, negotiations and agreements,
if any, whether written or oral, relating to such subject matter. You acknowledge that neither the Company nor its agents have made any
promise, representation or warranty whatsoever, either express or implied, written or oral, which is not contained in this agreement for
the purpose of inducing you to execute the agreement, and you acknowledge that you have executed this agreement in reliance only upon
such promises, representations and warranties as are contained herein.

 

    
	 	Presto	3

     

    

 

 

		12.	Acceptance.

 

This offer will remain valid until February
25, 2021. If you decide to accept our offer, please sign the enclosed copy of this letter in the space indicated and return it to
me. Your signature will acknowledge that you have read and understood and agreed to the terms and conditions of this offer letter and
the attached Employment, Confidential Information and Invention Assignment Agreement. Should you have anything else that you wish to discuss,
please do not hesitate to reach out to Human Resources at hr@presto.com.

 

We look forward to the opportunity to welcome
you to the Company.

 

Very truly yours,

 

/s/ Raj Suri

 

Raj Suri, CEO

E La Carte, Inc. dba Presto

 

I have read and understood this offer letter and
hereby acknowledge, accept and agree to the terms and conditions as set forth above and further acknowledge that no other commitments,
inducements, or representations were made to me as part of my employment offer except as specifically set forth herein.

 

/s/ Dan Mosher

 

Dan Mosher

 

	 	Presto	4

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