Document:

Exhibit

VOTING AGREEMENT 
VOTING AGREEMENT (this “Agreement”), dated as of May 17, 2019, among BrightSphere Investment Group plc, a company organized under the laws of England and Wales (the “Company”), and Paulson & Co. Inc., a Delaware corporation (on behalf of the funds and accounts managed by it and its affiliates, the “Shareholder”). 
WHEREAS, the Company intends to restructure its corporate group and change the jurisdiction of the Company from the United Kingdom to Delaware through an exchange of ordinary shares held by each of the shareholders of the Company for shares of common stock of BrightSphere Investment Group Inc., a Delaware corporation and subsidiary of the Company (the “Redomestication Transaction”).  
WHEREAS, the Company has requested Shareholder, and Shareholder has agreed, to enter into this Agreement with respect to all ordinary shares of the Company (“Shares”) now or hereafter “beneficially owned” by Shareholder. 
NOW, THEREFORE, the parties hereto agree as follows: 
ARTICLE 1 
VOTING AGREEMENT; GRANT OF PROXY 
Section 1.01 Voting Agreement. Shareholder shall (i) appear at each meeting of the shareholders of the Company or otherwise cause all of the Shares beneficially owned at such time by Shareholder to be counted as present thereat for purposes of calculating a quorum and (ii) vote or cause to be voted all Shares beneficially owned at such time by Shareholder for the Redomestication Transaction and any actions in furtherance thereof at any meeting of the shareholders of the Company at which the Redomestication Transaction or other related agreements are submitted for the consideration and vote of the shareholders of the Company. The Company acknowledges that other than as set forth in this Section 1.01, Shareholder may vote on any matter submitted for the consideration and vote of the shareholders of the Company in its sole discretion. 
Section 1.02 Irrevocable Proxy. Shareholder hereby revokes any and all previous proxies granted by Shareholder with respect to Shares beneficially owned by it as of the date of this Agreement. By entering into this Agreement, Shareholder hereby irrevocably grants a proxy appointing, until the termination of this Agreement in accordance with Section 5.03, the Company as Shareholder’s attorney-in-fact and proxy, with full power of substitution and resubstitution, for and in Shareholder’s name, to vote, or grant a written consent with respect to, any Shares beneficially owned by Shareholder in the manner contemplated by Section 1.01 (and subject to the scope of such proxy described in Section 1.01) if and only if Shareholder (i) fails to vote or (ii) attempts to vote such Shares in a manner inconsistent with Section 1.01. The proxy granted by Shareholder pursuant to this Section 1.02 is irrevocable and is granted in consideration of the Company pursuing the Redomestication Transaction. 
ARTICLE 2 
REPRESENTATIONS AND WARRANTIES OF SHAREHOLDER 

Shareholder represents and warrants to the Company that: 

Section 2.01 Authorization. This Agreement has been duly authorized, executed and delivered by Shareholder.  Shareholder has full right, power, authority and capacity to execute this Agreement and to perform its obligations hereunder.  This Agreement constitutes a valid and binding agreement of Shareholder and, assuming this Agreement constitutes a valid and binding agreement of the Company, is enforceable against Shareholder, except as such

enforceability may be limited by (i) applicable bankruptcy, insolvency, moratorium, reorganization or similar laws in effect that affect the enforcement of creditors rights generally or (ii) general principles of equity, whether considered in a proceeding at law or in equity. 
Section 2.02 Non-Contravention. The execution, delivery and performance by Shareholder of this Agreement and the consummation of the transactions contemplated hereby by Shareholder do not and will not (i) violate the charter or by-laws or other organizational instrument of Shareholder (ii) violate any applicable law or any order, writ or decree of any government or court having jurisdiction over Shareholder or (iii) require any consent or other action by any person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration or to a loss of any benefit to which Shareholder is entitled under any provision of any agreement or other instrument binding on Shareholder. 
Section 2.03 No Other Voting Agreements. None of the Shares beneficially owned by Shareholder are subject to any voting trust or other agreement or arrangement with respect to the voting of such Shares (except as established hereby) in connection with the Redomestication Transaction or that would otherwise have the effect of preventing or disabling Shareholder from performing in any material respect any of its obligations under this Agreement. 
 
ARTICLE 3 
REPRESENTATIONS AND WARRANTIES OF THE COMPANY 
The Company represents and warrants to Shareholder that: 
Section 3.01 Authorization. This Agreement has been duly authorized, executed and delivered by the Company.  The Company has full right, power, authority and capacity to execute this Agreement and to perform its obligations hereunder. This Agreement constitutes a valid and binding Agreement of the Company and, assuming this Agreement constitutes a valid and binding agreement of Shareholder, is enforceable against the Company, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, moratorium, reorganization or similar laws in effect that affect the enforcement of creditors rights generally or (ii) general principles of equity, whether considered in a proceeding at law or in equity. 
Section 3.02 Non-Contravention. The execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) violate the charter or by-laws or other organizational instrument of the Company (ii) violate any applicable law or any order, writ or decree of any government or court having jurisdiction over the Company or (iii) require any consent or other action by any person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration or to a loss of any benefit to which the Company is entitled under any provision of any agreement or other instrument binding on the Company. 
ARTICLE 4 
COVENANTS OF SHAREHOLDER 
Shareholder hereby covenants and agrees that: 
Section 4.01 No Proxies for or Encumbrances on Shares. Shareholder shall not, without the prior written consent of the Company, directly or indirectly, (i) grant any proxies or enter into any voting trust or other agreement or arrangement with respect to the voting of any Shares in connection with the Redomestication Transaction, or (ii) create or permit to exist any lien that could prevent Shareholder from voting the Shares beneficially owned by him in accordance with this Agreement or from complying in all material respects with the other obligations under this Agreement. 

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Section 4.02 Disclosure. Shareholder hereby consents to and authorizes the publication and disclosure by the Company in any press release or in the Proxy Statement for the Redomestication Transaction or other disclosure document required in connection with the Redomestication Transaction or the transactions contemplated thereby, of Shareholder’s identity, the nature of Shareholder’s commitments, arrangements and understandings pursuant to this Agreement and such other information required in connection with such publication or disclosure. As promptly as practicable, Shareholder shall notify the Company of any required corrections with respect to such information previously supplied by Shareholder to the Company hereunder, if and to the extent Shareholder becomes aware that any such information shall have become false or misleading in any material respect. 
ARTICLE 5 
MISCELLANEOUS 
Section 5.01 Definitional and Interpretative Provisions. 
(a) The words “hereof”, “herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction or interpretation hereof. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import. “Writing”, “written” and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. References to any person include the successors and permitted assigns of that person. References from or through any date mean, unless otherwise specified, from and including or through and including, respectively. 
(b) For purposes of this Agreement, the term “beneficially owned” (and correlative terms) has the meaning ascribed to it in Rule 13d-3 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. 
Section 5.02 Further Assurances. The Company and Shareholder will each execute and deliver, or cause to be executed and delivered, all further documents and instruments and use reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable law, to consummate and make effective the transactions contemplated by this Agreement. 
Section 5.03 Amendments; Termination. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement, or in the case of a waiver, by the party against whom the waiver is to be effective. This Agreement shall automatically terminate upon the earliest to occur of (i) the consummation of the Redomestication Transaction, (ii) a resolution by the Board of Directors of the Company not to proceed with the Redomestication Transaction and (iii) failure of the shareholders of the Company to vote to approve the Redomestication Transaction at a meeting of the shareholders held for such purpose. This Agreement shall terminate immediately upon the election of the Shareholder if (i) the Redomestication Transaction submitted for the consideration and vote of the shareholders of the Company contains terms materially different than the terms provided in the most recent Form S-4 Registration Statement for BrightSphere Investment Group Inc. on file with the Securities and Exchange Commission on the date hereof and such revised terms have a material adverse impact on the Shareholder or (ii) the Board of Directors of the Company elects to delay the date of the meeting of the shareholders of the Company at which the shareholders will consider the Redomestication Transaction by more than ninety (90) days from the date set forth in the final Proxy Statement provided to shareholders with respect to the Redomestication Transaction.  Notwithstanding the foregoing the termination of this Agreement shall not relieve any party of liability for any intentional and material breach prior to such termination. Upon any termination of this Agreement, this Agreement 

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shall thereupon become void and of no further force and effect, and there shall be no liability in respect of this Agreement or of any transactions contemplated hereby on the part of any party hereto. 
Section 5.04 Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that no party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of the other party hereto, except that the Company may transfer or assign its rights and obligations to any affiliate of the Company. 
Section 5.05 Governing Law; Submission to Jurisdiction. This Agreement shall be construed in accordance with and governed by the laws of the State of New York, without regard to the conflicts of laws rules thereof. The parties irrevocably consent to service of process by any means available under NY law and consent to the exclusive, both personal and subject-matter, jurisdiction and venue of any federal or state court sitting in the Borough of Manhattan in the State of New York and irrevocably waive the right to object to such venue of any such court on the grounds that such forum is inconvenient.  To the extent that in any jurisdiction any party may now or hereafter claim or be entitled to claim, for itself or its assets, immunity from suit, execution, attachment (before or after judgment) or other legal process, each party irrevocably agrees, to the extent permitted by law, not to claim, and it hereby waives, such immunity in connection with any contractual dispute with respect to this letter agreement.  EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION ARISING OUT OF THIS LETTER AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 
Section 5.06 Counterparts; Effectiveness. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
Section 5.07 Severability. If any term, provision or covenant of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions and covenants of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. 
Section 5.08 Specific Performance. The parties hereto agree that irreparable damage could occur in the event any provision of this Agreement is not performed in accordance with the terms hereof and that the parties shall be entitled to seek specific performance of the terms hereof in addition to any other remedy to which they are entitled at law or in equity (without a requirement for posting of a bond in connection therewith). Each party agrees that it will not oppose the granting of an injunction, specific performance and other equitable relief on the basis that (a) the other party has an adequate remedy at law or (b) an award of specific performance is not an appropriate remedy for any reason at law or equity.  Each party further agrees to waive any requirement for security or posting of any bond in connection with such remedy.  
Section 5.09 Entire Agreement; No Third-Party Beneficiaries. This Agreement constitutes the sole and entire agreement of the Shareholder and the Company with respect to the subject matter contained herein, and supersedes all prior and contemporaneous agreements with respect to such subject matter. This Agreement is for the sole benefit of and may be enforced solely by the Company, and nothing in this Agreement, express or implied, is intended to or shall confer upon any person (other than the Company) any legal or equitable right, benefit or remedy of any nature whatsoever. 
Section 5.10 Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in the Company any direct or indirect ownership or incidence of ownership of or with respect to any Shares beneficially owned by Shareholder. All rights, ownership and economic benefits of and relating to such Shares shall remain vested in and belong to Shareholder, and the Company shall not have any authority to direct the Shareholder in the voting or disposition of such Shares except as otherwise provided herein. 
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 

Paulson & Co. Inc.

By:_/s/ Michael Waldorf________
Name: Michael Waldorf
Title:   Partner and Senior Counsel

BrightSphere Investment Group plc

By:_/s/ Suren Rana_______________
Name: Suren Rana
Title:   Chief Financial OfficerEXHIBIT 10.1

 

FULTON FINANCIAL CORPORATION 

AMENDED AND RESTATED
DIRECTORS’ EQUITY PARTICIPATION PLAN

 

    	 

    	

    

TABLE OF CONTENTS

 

	ARTICLE I. GENERAL PROVISIONS	1
	1.1 - PURPOSES	1
	1.2 -  DEFINITIONS	1
	1.3 -  ADMINISTRATION	4
	1.4 - TYPES OF GRANTS UNDER THE PLAN	4
	1.5 - SHARES SUBJECT TO THE PLAN AND INDIVIDUAL AWARD LIMITATION	4
	1.6 - ELIGIBILITY AND PARTICIPATION	4
	 	 
	ARTICLE II. STOCK AWARDS	5
	2.1 - AWARD OF STOCK AWARDS	5
	2.2 - STOCK AWARD AGREEMENTS 	5
	2.3 - AWARDS AND CERTIFICATES	5
	2.4 - DIRECTORS FEES PAID IN THE FORM OF STOCK AWARDS 	5
	 	 
	ARTICLE III. STOCK OPTIONS	5
	3.1 - GRANT OF STOCK OPTIONS	5
	3.2 - OPTION DOCUMENTATION	5
	3.3 - EXERCISE PRICE; OPTION REPRICING PROHIBITIONS	5
	3.4 - EXERCISE OF STOCK OPTIONS	6
	3.5 - METHOD OF EXERCISE	7
	 	 
	ARTICLE IV. RESTRICTED STOCK AND RSU AWARDS	7
	4.1 - RESTRICTED STOCK AND RSU AWARDS	7
	4.2 - RESTRICTED STOCK AND RSU AWARD AGREEMENTS	7
	4.3 - AWARDS AND CERTIFICATES	7
	4.4 - RESTRICTION PERIOD	7
	4.5 - OTHER TERMS AND CONDITIONS OF RESTRICTED STOCK OR RSU AWARDS	8
	4.6 - TERMINATION OF BOARD SERVICE	8
	4.7 - CHANGE IN CONTROL PROVISIONS	8
	 	 
	ARTICLE V. TAX WITHHOLDING	8
	5.1 - TAX WITHHOLDING	8
	5.2 - ELECTIVE DEFERRAL OF PAYMENT	8
	 	 
	ARTICLE VI. OTHER PROVISIONS	9
	6.1 - ADJUSTMENT IN NUMBER OF SHARES AND OPTION PRICES	9
	6.2 - NO RIGHT TO CONTINUED BOARD SERVICE	9
	6.3 - NONTRANSFERABILITY	9
	6.4 - COMPLIANCE WITH GOVERNMENT REGULATIONS	9
	6.5 - RIGHTS AS A SHAREHOLDER	10
	6.6 - UNFUNDED PLAN	10
	6.7 - FOREIGN JURISDICTION	10
	6.8 - OTHER COMPENSATION PLANS	10
	6.9 - TERMINATION OF BOARD SERVICE--CERTAIN FORFEITURES; CLAW-BACK	10
	 	 
	ARTICLE VII. AMENDMENT AND TERMINATION	11
	7.1 - AMENDMENT AND TERMINATION	11
	 	 
	ARTICLE VIII. EFFECTIVE DATE AND DURATION OF PLAN	11
	8.1 - EFFECTIVE DATE AND DURATION OF PLAN	11

 

	 	 	 

    	 

    	

    

FULTON FINANCIAL CORPORATION 

AMENDED AND RESTATED

DIRECTORS’ EQUITY PARTICIPATION PLAN

 

ARTICLE I.

GENERAL PROVISIONS

 

1.1 - PURPOSES

 

The purposes of the Amended
and Restated Directors’ Equity Participation Plan (the “Plan”) are to advance the long term-success of
Fulton Financial Corporation (the “Company” or “Fulton”) and its subsidiaries and to increase
shareholder value by providing long-term stock-based compensation to non-employee members of the Board of Directors of the Company,
of the boards of directors of the Company’s subsidiaries and of any advisory boards established by the Company or any of
its subsidiaries.

 

The Plan amends and restates
the Company’s 2011 Directors’ Equity Participation Plan that was previously approved by Fulton’s shareholders
at the 2011 Annual Meeting. All outstanding awards granted under the Plan prior to its amendment and restatement shall remain subject
to the terms of the Plan; provided, that no Awards granted or awarded prior to the effectiveness of this Amended and Restated Plan
that are materially adversely affected by any provision of this amended and restated Plan shall be subject to such provision without
the prior consent of the applicable Participant.

 

The Plan is designed to:
(1) encourage Company stock ownership by Participants (defined below) to further align their interests with the interests of shareholders
of the Company; (2) ensure that the Company’s Non-Employee Director (defined below) compensation practices are competitive
in the banking and financial services industry; and (3) assist in the attraction and retention of Non-Employee Directors including
Non-Employee Directors who contribute to further the Company’s goal of achieving diversity on the Company’s Board through
differences of viewpoints, professional background, business experience, community service, education and skills, as well as race,
gender and national origin.

 

As stated in the Company’s
Corporate Governance Guidelines (as amended from time to time, the “Governance Guidelines”), the Board of Directors
of the Company believes that directors of the Company should be shareholders and have a financial interest in the Company to more
closely align the interests of directors with those of shareholders. Thus, in the Governance Guidelines, the Board has adopted
stock ownership guidelines (as amended from time to time, the “Ownership Guidelines”) that require the directors
to acquire and continue to own a minimum amount of the Company’s Common Stock.

 

In addition to open market
purchases, the Company recognizes that, in some cases, the attraction and retention of Non-Employee Directors may require additional
methods under which Non-Employee Directors may achieve compliance with the Ownership Guidelines. Thus, for example, the Company
may elect to require Non-Employee Directors who have yet to achieve compliance with the Ownership Guidelines to accept a portion
of their directors’ fees in the form of Stock Awards granted under the Plan.

 

1.2 - DEFINITIONS

 

For the purpose of the Plan,
the following terms shall have the meanings indicated:

 

	 	(a)	“Affiliate” shall mean a parent or subsidiary corporation as defined in Section
    424 of the Code (substituting “Company” for “employer corporation”), including a parent or subsidiary
    which becomes such after the adoption of the Plan.
	 	 	 
	 	(b)	“Award” means any compensatory grant made under the terms of the Plan of a type listed under Section
    1.4.
	 	 	 
	 	(c)	“Board” means the Board of Directors of the Company.

 

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	 	(d)	“Change in Control” of the Company shall be deemed to have
    occurred when:
	 	 	 
	 	 	(i)	during any period of not more than thirty-six (36) months, individuals who constitute the
    Board as of the beginning of the period (the “Incumbent Directors”) cease for any reason to constitute
    at least a majority of the Board, provided that (1) any person becoming a director subsequent to the beginning of the period,
    whose nomination for election or appointment was approved by a vote of at least two-thirds of the Incumbent Directors then
    on the Board (either by a specific vote or by approval of the Company’s proxy statement in which such person is named
    as a nominee for director, without written objection to such nomination) shall be an Incumbent Director; and (2) no individual
    initially nominated or appointed as a result of an actual or publicly threatened election contest or pursuant to a negotiated
    agreement with respect to directors or as a result of any other actual or publicly threatened solicitation of proxies by or
    on behalf of any person other than the Board shall be deemed to be an Incumbent Director;
	 	 	 	 
	 	 	(ii)	the acquisition by any person (as such term is defined in Section 3(a)(9) of the Securities
    Exchange Act of 1934, as amended from time to time, or any successor thereto, and the applicable rules and regulations thereunder
    (the “Exchange Act”) and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) of beneficial ownership
    (as such term is defined in Rule 13d-3 under the Exchange Act), of the Company’s capital stock entitled to thirty percent
    (30%) or more of the outstanding voting power of all capital stock of the Company eligible to vote for the election of the
    Board (“Voting Securities”); provided, however, that the event described in this paragraph (b) will not
    be deemed to be a Change in Control by virtue of the ownership, or acquisition, of Voting Securities: (1) by the Company or
    an Affiliate, including purchases pursuant to a stock repurchase plan, (2) by any employee benefit plan (or related trust)
    sponsored or maintained by the Company or an Affiliate, (3) by any underwriter temporarily holding securities pursuant to
    an offering of such securities, or (4) pursuant to a Non-Qualifying Transaction (as defined in paragraph (iii) of this definition);
	 	 	 	 
	 	 	(iii)	the consummation of a merger, consolidation, division, statutory share exchange, or any other
    transaction or a series of transactions outside the ordinary course of business involving the Company (a “Business
    Combination”), unless immediately following such Business Combination: (1) more than fifty percent (50%) of the
    total voting power of (x) the entity resulting from such Business Combination, or (y) if applicable, the ultimate parent corporation
    that directly or indirectly has beneficial ownership of at least ninety-five percent (95%) of the voting power of such resulting
    entity (either, as applicable, the “Surviving Entity”), is represented by Voting Securities that were outstanding
    immediately prior to such Business Combination (or, if applicable, is represented by shares into which such Voting Securities
    were converted pursuant to such Business Combination), and such voting power among the holders thereof is in substantially
    the same proportion as the voting power of such Voting Securities among the holders thereof immediately prior to the Business
    Combination, (2) no person (other than any employee benefit plan (or related trust) sponsored or maintained by the Surviving
    Entity), is or becomes the beneficial owner, directly or indirectly, of thirty percent (30%) or more of the total voting power
    of the outstanding voting securities eligible to elect directors of the Surviving Entity and (3) at least a majority of the
    members of the board of directors of the Surviving Entity following the consummation of the Business Combination were Incumbent
    Directors at the time of the Board’s approval of the execution of the initial agreement providing for such Business
    Combination (any Business Combination which satisfies all of the criteria specified in (1), (2) and (3) of this paragraph
    (iii) will be deemed to be a “Non-Qualifying Transaction”);
	 	 	 	 
	 	 	(iv)	the consummation of a sale of all or substantially all of the assets of the Company (other
    than to a wholly owned subsidiary of the Company); or
	 	 	 	 
	 	 	(v)	the Company’s shareholders approve a plan of complete liquidation or dissolution of
    the Company.
	 	 	 	 
	 	 	 	Actions taken by the Company to merge, consolidate, liquidate or otherwise reorganize one
    or more of its subsidiaries or affiliates shall not constitute a Change in Control for purposes of this Agreement.

 

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	 	(e)	“Code” means the Internal Revenue Code of 1986, as amended, including any successor law thereto.
	 	 	 
	 	(f)	“Committee” means the Human Resources Committee of the Board (or any successor committee thereof) or the full Board, as the case may be.
	 	 	 
	 	(g)	“Common Stock” means the Common Stock of the Company, par value $2.50 per share.
	 	 	 
	 	(h)	“Company,” means Fulton Financial Corporation. For purposes of this Plan, the terms “Company” and “Fulton” shall include any successor to Fulton Financial Corporation.
	 	 	 
	 	(i)	“Disability” means total and permanent disability within the meaning of Section 22(e)(3) of the Code.
	 	 	 
	 	(j)	“Dividend Equivalent” means, with respect to a share of a Restricted Stock Award or shares of Common Stock underlying RSUs, an amount equal to the cash dividend paid on one share of Common Stock during the Restriction Period applicable to the Restricted Stock or RSU Award. All Dividend Equivalents shall be reinvested in the Restricted Stock or RSU Award, as applicable, at a purchase price equal to the Fair Market Value on the dividend date.
	 	 	 
	 	(k)	“Fair Market Value” means as of any date the last reported sales price of the Common Stock on such date as reported by the principal national securities exchange on which such stock is listed and traded or, if there is no trading on such date, on the first previous date on which there is such trading.
	 	 	 
	 	(l)	“Governance Guidelines” shall have the meaning given to that term in Section 1.1.
	 	 	 
	 	(m)	“Non-Employee Director” means a member of the Board, a member of the board of directors of a Company subsidiary or a member of any advisory board established by the Company or any Company subsidiary, who, in any such case, is not a common-law employee of the Company or a Company subsidiary.
	 	 	 
	 	(n)	“Ownership Guidelines” shall have the meaning given to that term in Section 1.1.
	 	 	 
	 	(o)	“Participant” means an individual who has met the eligibility requirements set forth in Section 1.6 hereof and to whom a grant of an Award has been made and is outstanding under the Plan.
	 	 	 
	 	(p)	“Plan” means this Amended and Restated 2011 Directors’ Equity Participation Plan.
	 	 	 
	 	(q)	“Repricing” shall have the meaning given to that term in Section 3.3(b).
	 	 	 
	 	(r)	“Restricted Stock Award” means an Award of Common Stock granted to a Participant pursuant to Article IV that is subject to a Restriction Period.
	 	 	 
	 	(s)	“Restricted Stock Units” or “RSU” means an Award of units to acquire one share of Common Stock per unit, granted to a Participant pursuant to Article IV that is subject to a Restriction Period.
	 	 	 
	 	(t)	“Restriction Period” means, (i) in relation to Stock Options, the period of time (if any) prior to which such Stock Options may not be exercised and (ii) in relation to Restricted Stock or RSU Awards, the period of time (if any) during which (1) such shares are subject to forfeiture pursuant to the Plan and (2) such shares may not be sold, assigned, transferred, pledged or otherwise disposed of by the Participant.
	 	 	 
	 	(u)	“Retirement” means termination from service as a Non-Employee Director with the Company, a Company subsidiary or as a member of any advisory board established by the Company or any Company subsidiary, as applicable (i) after the Participant has completed a minimum number of years of service (as established by the Committee from time to time) on the Board, a Company subsidiary board of directors or a Company or Company subsidiary advisory board, or (ii) because the Participant has reached a mandatory board retirement age (if any) implemented for the Company, a Company subsidiary board or a Company or Company subsidiary advisory board. Notwithstanding anything in the Plan to the contrary, if the Committee has not established a minimum number of years for service, then the minimum Non-Employee Director service requirement shall be one year of service measured from when the Participant first joined the Board.
	 	 	 
	 	(v)	“Stock Award” means an award of Common Stock granted to a Participant pursuant to Article II that is not subject to a Restriction Period.

 

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	 	(w)	“Stock Option” means a right granted to a Participant pursuant to Article III to purchase, before a specified date and at a specified price, a specified number of shares of Common Stock.
	 	 	 
	 	(x)	“Vest” or “Vesting” means, (i) in relation to Stock Options, that the Restriction Period relating to such Stock Options has expired and that such Stock Options may be exercised (subject to any other applicable terms and conditions) and (ii) in relation to Restricted Stock or RSU Award, that the Restriction Period relating to such Restricted Stock or RSU Award has expired and that such Restricted Stock Award or shares of Common Stock underlying a Restricted Stock Units Award is earned and eligible to be paid to the Participant (subject to any other applicable terms and conditions).

 

1.3 - ADMINISTRATION

 

The Plan shall be administered
by the Committee; provided, however, that the full Board shall administer the Plan as it relates to the terms, conditions and grant
of Awards to Non-Employee Directors who serve on the Committee. Accordingly, for purposes of the Plan, the term Committee shall
refer to the full Board for purposes of Awards granted to specific Committee members, and otherwise shall refer to the Human Resources
Committee of the Board. Subject to the provisions of the Plan and to directions by the Board, the Committee is authorized to interpret
the Plan, to adopt administrative rules, regulations, and guidelines for the Plan, and to impose such terms, conditions, and restrictions
on Awards as it deems appropriate.

 

1.4 - TYPES OF GRANTS UNDER THE PLAN

 

Awards under the Plan may be in the form of
any one or more of the following:

 

	 	(a)	Stock Awards;
	 	 	 
	 	(b)	Stock Options;
	 	 	 
	 	(c)	Restricted Stock Awards; and
	 	 	 
	 	(d)	Restricted Stock Unit Awards

 

1.5 - SHARES SUBJECT TO THE PLAN AND INDIVIDUAL
AWARD LIMITATION

 

	 	(a)	A maximum of 500,000 shares of Common Stock may be issued under the Plan. All such shares may be granted
    in the form of any Awards authorized for issuance under Section 1.4. As of March 1, 2019, Awards for 188,331 Shares have been
    issued under the Plan and the number of Shares available for future Awards under this Plan is 311,669 Shares. During the term
    of each Award, the Company shall keep reserved at all times the number of shares of Common Stock required to satisfy all such
    Awards. The total number of shares authorized is subject to adjustment as provided in Section 6.1 hereof. Shares of Common Stock
    issued under the Plan may be treasury shares or authorized but unissued shares. In the discretion of the Committee, fractional
    shares may be issued under the Plan or Awards may be rounded up to next whole share of Common Stock.
	 	 	 
	 	(b)	If any Award granted under the Plan expires, terminates, is forfeited, is not exercised, or for any other reason is not
    payable under the Plan, shares of Common Stock subject to the Award may again be made available for the purposes of the Plan.
	 	 	 
	 	(c)	The maximum number of shares of Common Stock, in the aggregate, under all types of Awards granted to any one Participant
    in any one calendar year shall not exceed the greater of (i) 20,000 shares or (ii) a number of shares with an aggregate Fair
    Market Value on the date of the Award(s) of $200,000.

 

1.6 - ELIGIBILITY AND PARTICIPATION

 

Participation in the Plan
shall be limited to Non-Employee Directors.

 

		4	 

    	 

    	

    

ARTICLE II.

STOCK AWARDS

 

2.1 - AWARD OF STOCK AWARDS

 

The Committee may grant
unrestricted Stock Awards to Participants subject to such terms and conditions as the Committee shall determine.

 

2.2 - STOCK AWARD AGREEMENTS

 

Stock Awards subject to
any terms and conditions shall be evidenced by a written agreement between the Company and the Participant to whom such Award is
granted. The agreement shall specify the number of shares awarded and the terms and conditions of the Award.

 

2.3 - AWARDS AND CERTIFICATES

 

Shares of Common Stock awarded
pursuant to a Stock Award shall be registered in the name of the Participant, and evidenced either by the issuance of certificates
or by book entry on the stock transfer records of the Company showing the applicable restrictions, if any.

 

2.4 - DIRECTORS FEES PAID IN THE FORM OF
STOCK AWARDS

 

A Participant may elect
to receive all or a portion of fees payable to such Participant for service as a Non-Employee Director in the form of a Stock Award
grant pursuant to a process approved by the Board or the Committee; provided, however, that the annual limitation set forth in
Section 1.5(c) shall apply. The number of shares to be issued will be determined using the Fair Market Value of the date of issuance
of the Stock Award.

 

ARTICLE III.

STOCK OPTIONS

 

3.1 - GRANT OF STOCK OPTIONS

 

The Committee may from time
to time, subject to the provisions of the Plan, grant Stock Options to Participants. The Committee shall determine the number of
shares of Common Stock to be covered by each Stock Option.

 

3.2 - OPTION DOCUMENTATION

 

Each Stock Option shall
be evidenced by a written Stock Option agreement between the Company and the Participant to whom such option is granted, specifying
the number of shares of Common Stock that may be acquired by its exercise and containing such terms, the option period and other
conditions consistent with the Plan as the Committee shall determine.

 

3.3 - EXERCISE PRICE; OPTION REPRICING PROHIBITIONS

 

	 	(a)	The price at which each share covered by a Stock Option may be acquired shall be determined by the
    Committee at the time the option is granted and shall not be less than the Fair Market Value of the underlying shares of Common
    Stock on the day the Stock Option is granted.
	 	 	 
	 	(b)	Other than a change in the exercise price made in accordance with the provisions of Section 6.1 of the Plan, notwithstanding
    anything in the Plan to the contrary, neither the Board nor the Committee shall have the authority, without shareholder approval,
    (a) to accept the surrender of any outstanding Stock Option when the Fair Market Value of a share of Common Stock is less
    than the exercise price of such outstanding Stock Option and grant new Stock Options or other Awards in substitution for such
    surrendered Stock Option or pay cash in connection with such surrender, (b) to reduce the exercise price of any outstanding
    Stock Option, or (c) to take any other action that would be treated as a repricing of Stock Options under the rules of the
    primary stock exchange on which the Common Stock is listed.

 

	 	5	 

    	 

    	

    

3.4 - EXERCISE OF STOCK OPTIONS

 

	 	(a)	Exercisability. Stock Options shall become exercisable at such times, in such installments, and upon the satisfaction of such conditions as the Committee may provide at the time of grant in the Stock Option agreement referred to in Section 3.2, which may include a Restriction Period prior to Vesting.
	 	 	 	 
	 	(b)	Option Period. For each Stock Option granted, the Committee shall specify in the Stock Option agreement referred to in Section 3.2 the period during which the Stock Option may be exercised, provided that no Stock Option shall be exercisable after the expiration of ten years from the date the Stock Option was granted.
	 	 	 	 
	 	(c)	Exercise in the Event of Termination of Board Service.
	 	 	 	 
	 	 	(i)	Death: Unless otherwise provided by the Committee at the time of grant, in the event of the death of the Participant
    while actively serving on the Board, the Stock Option must be exercised by the Participant’s estate or beneficiaries
    within one year following the death of the Participant and prior to its expiration. In the event of the death of the Participant,
    each unexpired Stock Option held by the Participant at the date of death may be exercised as to all or any portion thereof
    regardless of whether or not fully exercisable under the terms of the grant.
	 	 	 	 
	 	 	(ii)	Disability: Unless otherwise provided by the Committee at the time of grant, in the event of the termination of
    the Participant’s board service due to Disability, the Stock Option must be exercised within one year following the
    Participant’s termination of board service and prior to its expiration. In the event of the termination of the Participant’s
    board service due to Disability, each Stock Option then held by the disabled Participant may be exercised as to all or any
    portion thereof, regardless of whether or not fully exercisable under the terms of the grant.
	 	 	 	 
	 	 	(iii)	Retirement: Unless otherwise provided by the Committee at the time of grant, in the event of the Retirement of
    the Participant, Vested Stock Option must be exercised within one year following the Participant’s Retirement and prior
    to its expiration. In the event of the Retirement of the Participant, only Vested Stock Option then held by the retired Participant
    may be exercised as to all or any portion thereof, regardless of whether or not fully exercisable under the terms of the grant.
	 	 	 	 
	 	 	(iv)	Other Terminations: Unless otherwise provided by the Committee at the time of grant, in the event a Participant
    ceases to serve on the Board for any reason other than death, Disability or Retirement, Stock Options which are exercisable
    on the date of termination must be exercised within six months after termination and prior to the expiration date of any such
    Stock Option. All Stock Options which are not then exercisable shall be canceled.
	 	 	 	 
	 	 	(v)	Extension of Exercise Period: Notwithstanding all other provisions under this Section 2.4(c), in the event a Participant’s
    Board service terminates, the Committee may, in its sole discretion, extend the post-termination period during which the Stock
    Option may be exercised, provided however that such period may not extend beyond the original option period.
	 	 	 	 
	 	(d)	Exercise In the Event of Change in Control. In the event of consummation of a Change in Control, all Stock Options shall immediately become exercisable without regard to the exercise period set forth in Section 3.4(a) or in a Stock Option agreement. In the event such Stock Options are not exercised in connection with the Change in Control and are underwater, such Stock Options shall be terminated without payment of consideration.

 

		6	 

    	 

    	

    

3.5 - METHOD OF EXERCISE

 

The Stock Option may be
exercised in whole or in part from time to time by written request delivered to the Corporate Secretary or another designated officer
of the Company. The option price of each share acquired pursuant to a Stock Option shall be paid in full at the time of each exercise
of the Stock Option through a method outlined in the Stock Option agreement, or one of the following methods: (i) in cash; (ii)
by delivering to the Company previously-owned shares of Common Stock with a Fair Market Value as of the date determined by the
Committee sufficient to pay the exercise price; (iii) in the discretion of the Committee, by delivering to the Corporate Secretary
or another designated officer of the Company a notice of exercise with an irrevocable direction to a broker-dealer registered under
the Exchange Act to sell a sufficient portion of the shares acquired upon exercise and deliver the sale proceeds directly to the
Company to pay the exercise price; or (iv) in the discretion of the Committee, through any combination of the payment procedures
set forth in (i) through (iii) above.

 

ARTICLE IV.

RESTRICTED STOCK AND RSU AWARDS

 

4.1 - RESTRICTED STOCK AND RSU AWARDS

 

The Committee may grant
Restricted Stock or RSU Awards to Participants subject to such terms and conditions as the Committee shall determine, as set forth
in the Restricted Stock or RSU Award agreement referenced in Section 4.2, provided that each Restricted Stock or RSU Award shall
be subject to a Restriction Period prior to Vesting.

 

4.2 - RESTRICTED STOCK AND RSU AWARD AGREEMENTS

 

Each Restricted Stock or
RSU Award shall be evidenced by a written agreement between the Company and the Participant to whom such Award is granted. The
agreement shall specify the number of shares or units awarded, and the terms and conditions of the Award including the Restriction
Period.

 

4.3 - AWARDS AND CERTIFICATES

 

Shares of Common Stock awarded
pursuant to a Restricted Stock Award shall be registered in the name of the Participant, and evidenced either by the issuance of
certificates or by book entry on the stock transfer records of the Company showing the applicable restrictions, if any. Certificates
evidencing Restricted Stock Awards, bearing appropriate restrictive legends, shall be held in custody by the Company until the
restrictions thereon are no longer in effect. After the lapse or waiver of the restrictions imposed upon the Restricted Stock Award,
the Company shall deliver in the Participant’s name one or more stock certificates, free of restrictions, evidencing the
shares of Common Stock subject to the Restricted Stock Award with respect to which the restrictions have lapsed or been waived,
or shall reregister the shares of Common Stock on the stock transfer records of the Company free of the applicable restrictions.

 

Restricted Stock Units awarded
shall be evidenced by the RSU Award agreement until the applicable Restriction Period ends. After the lapse or waiver of the restrictions
imposed upon the RSU Award, the Company shall deliver in the Participant’s name one or more stock certificates, free of restrictions,
evidencing the shares of Common Stock underlying the RSU Award with respect to which the restrictions have lapsed or been waived,
or shall reregister the shares of Common Stock on the stock transfer records of the Company free of the applicable restrictions;
provided, however, if the Participant has properly elected to defer receipt of the underlying shares of Common Stock under a Board-approved
deferred compensation plan or program, the provisions of such plan or program shall control with respect to payment of the RSU
Award,.

 

4.4 - RESTRICTION PERIOD

 

At the time a Restricted
Stock or RSU Award is made, the Committee shall establish a Restriction Period applicable to such Award and, upon expiration or
lapse of a Restriction Period, the Restricted Stock or RSU Award shall Vest and the shares subject to the Restricted Stock Award
shall become the unrestricted property of the Participant, or issuable under the RSU Award shall become Vested and eligible to
be paid. The Committee may provide for the lapse of such restrictions in installments or all at one time and may accelerate or
waive such restrictions, in whole or in part, based on service and such other factors as the Committee may determine.

 

	 	7	 

    	 

    	

    

4.5 - OTHER TERMS AND CONDITIONS OF RESTRICTED
STOCK OR RSU AWARDS

 

Shares of Common Stock subject
to Restricted Stock Awards or underlying RSU Awards shall be subject to the following terms and conditions:

 

	 	(a)	Except as otherwise provided in the Plan or in the RSU Award agreement, the Participant shall not have
    all the rights of a shareholder of the Company, including the right to vote the shares;
	 	 	 
	 	(b)	Cash dividends paid with respect to Common Stock subject to a Restricted Stock or RSU Award shall entitle a Participant
    to Dividend Equivalents that are reinvested to purchase additional shares of Common Stock subject to the same terms, conditions,
    and restrictions that apply to the Restricted Stock or RSU Award with respect to which such Dividend Equivalents were credited;
	 	 	 
	 	(c)	Any other terms and conditions as the Committee may elect to include in the Award agreement as described in Section 4.2.

 

4.6 - TERMINATION OF BOARD SERVICE

 

	 	(a)	In the event a Participant’s Board service terminates during the Restriction Period by reason of death or Disability, all restrictions shall lapse on the full number of shares or units subject to restriction.
	 	 	 
	 	(b)	In the event a Participant’s Board service terminates during the Restriction Period by reason of Retirement, all restrictions shall lapse on a prorated number of shares or units subject to restriction based on the time from date of the Award to the Participant’s Retirement date.
	 	 	 
	 	(c)	If a Participant’s Board service is terminated during the Restriction Period for any reason other than one listed in (a) or (b) above, the Participant shall forfeit all shares or units subject to restriction.

 

4.7 - CHANGE IN CONTROL PROVISIONS

 

In the event of any Change
in Control, all restrictions applicable to any outstanding Restricted Stock or RSU Awards shall lapse, and all outstanding Restricted
Stock or RSU Awards shall Vest, as of the date of such Change in Control.

 

ARTICLE V.

TAX WITHHOLDING

 

5.1 - TAX WITHHOLDING

 

As a non-employee Director,
each Participants will be providing services to the Company as a self-employed individual and will be individually responsible
for his or her own tax payments and deposits relating to income attributable to Awards made hereunder. In addition, any Participant
receiving an award under the Plan that qualifies as restricted property taxable under Code Section 83(a) may make an election under
Section 83 of the Code if desired. The Company provides no advice with respect to such election.

 

5.2 - ELECTIVE DEFERRAL OF PAYMENT

 

The Board has approved a
deferred compensation program for Directors. Such program, if properly followed, represents the sole method of deferring payment
of Vested Awards granted under this Plan. Notwithstanding the foregoing, neither the Company nor the Committee shall have any obligation
to take any action to prevent the assessment of any excise tax or penalty on any Participant under Section 409A of the Code and
neither the Company nor the Committee will have any liability to any Participant for such tax or penalty.

 

		8	 

    	 

    	

    

ARTICLE VI.

OTHER PROVISIONS

 

6.1 - ADJUSTMENT IN NUMBER OF SHARES AND
OPTION PRICES

 

In the event of any change
in the Common Stock through merger, consolidation, reorganization, recapitalization, reincorporation, stock split, stock dividend
or other change in the corporate structure of the Company, the Committee shall appropriately adjust the maximum number of Shares
subject to the Plan, all Awards then currently outstanding, the maximum number of Shares with respect to which any one person may
be granted Awards during any period as set forth in Section 1.5(c) of the Plan, and the exercise price of Options, so that upon
Exercise, the Participant shall receive, in effect, the same number of Shares in exchange for the same aggregate exercise price
he or she would have received had he or she been the holder of all Shares subject to his or her outstanding Options immediately
before the effective date of such change in the capital structure of the Company, and the benefits, rights and features relating
to Shares underlying Restricted Awards shall be appropriately adjusted consistent with such change in such manner as the Committee
may deem equitable to prevent substantial dilution or enlargement of the rights granted to, or available for, Participants in the
Plan. Any such adjustment shall not result in the issuance of fractional shares, and the Committee shall round down the number
of shares subject to any outstanding Award unless the transaction that resulted in the capital structure change specifically authorizes
a rounding up of the shares. Each such adjustment shall be made in such manner so as not to constitute a “modification”
within the meaning of Section 409A of the Code. Further, any adjustments made under this Section 6.1 shall be made in a manner
which does not adversely affect the exemption provided pursuant to Rule 16b-3 under the Exchange Act.

 

6.2 - NO RIGHT TO CONTINUED BOARD SERVICE

 

Nothing contained in the
Plan, nor in any grant of an Award pursuant to the Plan, shall confer upon any Participant any right with respect to continuance
of board service with the Company or its subsidiaries, nor interfere in any way with the rights of the Company, its subsidiaries
or its shareholders, pursuant to applicable articles, by-laws, state law or otherwise, to terminate the Participant’s Board
service or change the Non-Employee Director compensation of any Participant at any time.

 

6.3 - NONTRANSFERABILITY

 

A Participant’s rights
under the Plan, including the right to any shares or amounts payable may not be assigned, pledged, or otherwise transferred except,
in the event of a Participant’s death, to the Participant’s designated beneficiary or, in the absence of such a designation,
by will or by the laws of descent and distribution; provided, however, that the Committee may, in its discretion, at the time of
grant of a Stock Option or by amendment of an option agreement for a Stock Option, provide that Stock Options granted to or held
by a Participant may be transferred, in whole or in part, to one or more transferees and exercised by any such transferee, provided
further that (a) any such transfer must be without consideration, (b) each transferee must be a member of such Participant’s
“immediate family” or a trust, family limited partnership or other estate planning vehicle established for the exclusive
benefit of one or more members of the Participant’s immediate family; and (c) such transfer is specifically approved by the
Committee following the receipt of a written request for approval of the transfer. In the event a Stock Option is transferred as
contemplated in this Section, such transfer shall become effective when approved by the Committee and such Stock Option may not
be subsequently transferred by the transferee other than by will or the laws of descent and distribution. Any transferred Stock
Option shall continue to be governed by and subject to the terms and conditions of this Plan and the relevant option agreement,
and the transferee shall be entitled to the same rights as the Participant as if no transfer had taken place. As used in this Section,
“immediate family” shall mean, with respect to any person, any spouse, child, stepchild or grandchild, and shall include
relationships arising from legal adoption.

 

6.4 - COMPLIANCE WITH GOVERNMENT REGULATIONS

 

	 	(a)	The Company shall not be required to issue or deliver shares or make payment upon any right granted
    under the Plan prior to complying with the requirements of any governmental authority in connection with the authorization,
    issuance, or sale of such shares.
	 	 	 
	 	(b)	The Plan shall be construed and its provisions enforced and administered in accordance with the laws of the Commonwealth
    of Pennsylvania applicable to contracts entered into and performed entirely in such State.

 

	 	9	 

    	 

    	

    

	 	(c)	Awards under the Plan are intended to comply with, or be exempt from, the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance with such intent. Although the Company does not guarantee any particular tax treatment, to the extent that any Award is subject to Section 409A of the Code, it shall be paid in a manner that is intended to comply with Section 409A of the Code, including regulations and any other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect thereto. In no event whatsoever shall the Company be liable for any additional tax, interest or penalties that may be imposed on the Participant by Section 409A of the Code or any damages for failing to comply with Section 409A of the Code.

 

6.5 - RIGHTS AS A SHAREHOLDER

 

The recipient of any grant
under the Plan shall have no rights as a shareholder with respect thereto unless and until certificates for shares of Common Stock
are issued, or book entry on the stock transfer records of the Company have been made, in the name of such recipient and are no
longer subject to restriction.

 

6.6 - UNFUNDED PLAN

 

Unless otherwise determined
by the Committee, the Plan shall be unfunded and shall not create (or be construed to create) a trust or separate funds. With respect
to any payment not yet made to a Participant, nothing contained herein shall give any Participant any rights that are greater than
those of a general creditor of the Company.

 

6.7 - FOREIGN JURISDICTION

 

The Committee shall have
the authority to adopt, amend, or terminate such arrangements, not inconsistent with the intent of the Plan, as it may deem necessary
or desirable to make available tax or other benefits of the laws of foreign countries in order to promote achievement of the purposes
of the Plan.

 

6.8 - OTHER COMPENSATION PLANS

 

Nothing contained in this Plan shall prevent
the Company from adopting other or additional compensation arrangements, subject to shareholder approval if such approval is required.

 

6.9 - TERMINATION OF BOARD SERVICE--CERTAIN
FORFEITURES; CLAW-BACK

 

Notwithstanding any other
provision of the Plan (other than provisions regarding Change in Control, including without limitation Sections 3.4(d) and 4.7,
which shall apply in all events), a Participant shall have no right to exercise any Stock Option or receive payment of any or Restricted
Stock or RSU Award if the Participant is discharged from Board service for willful, deliberate, or gross misconduct as determined
by the Committee in its sole discretion. Furthermore, in any such case and notwithstanding any other provision of the Plan to the
contrary, in the event that a Participant received or is entitled to cash or the delivery or Vesting of Common Stock pursuant to
an Award during the 12 month period prior to the Participant’s discharge from Board service, the Committee, in its sole discretion,
may require the Participant to return or forfeit the cash and/or Common Stock received with respect to an Award (or its economic
value as of: (a) the date of the exercise of Stock Options; (b) the date immediately following the end of the Restriction Period
for Restricted Stock or RSU Awards or (c) the date of grant or payment with respect to Stock Awards, as the case may be). The Committee’s
right to require forfeiture under this Section 6.9 must be exercised within 90 days after discharge from Board service.

 

In addition to the foregoing,
the Company may subject this Plan and any Awards made hereunder to any “claw-back policy” adopted subsequent to the
date of this Plan.

 

		10	 

    	 

    	

    

ARTICLE VII.

AMENDMENT AND TERMINATION

 

7.1 - AMENDMENT AND TERMINATION

 

The Board of Directors or
the Committee may modify, amend, or terminate the Plan at any time except that, to the extent then required by applicable law,
rule, regulation, or applicable listing requirements for the Company’s Common Stock, approval of the holders of a majority
of shares of Common Stock represented in person or by proxy at a meeting of the shareholders will be required to increase the maximum
number of shares of Common Stock available for distribution under the Plan (other than increases due to adjustments in accordance
with the Plan) or to “materially amend” the Plan under applicable listing requirements for the Company’s Common
Stock. No modification, amendment, or termination of the Plan shall adversely affect the rights of a Participant under a grant
previously made to such Participant without the consent of such Participant.

 

ARTICLE VIII.

EFFECTIVE DATE AND DURATION OF PLAN

 

8.1 - EFFECTIVE DATE AND DURATION OF PLAN

 

The Plan shall become effective
as of the date of the Plan’s approval and adoption at the 2019 Annual Meeting of the shareholders on May 21, 2019. All Awards
granted under the Plan must be granted within ten years from its approval date by the shareholders of the Company. Any Awards outstanding
ten years after the adoption of the Plan may be exercised within the periods prescribed under or pursuant to the Plan.

 

	 	11

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