Document:

Exhibit
4.1

 

INTERPACE
BIOSCIENCES, INC.

2019
EQUITY INCENTIVE PLAN

 

Section
1. Purpose; Definitions. The purposes of the Interpace Biosciences, Inc. 2019 Equity Incentive Plan (as amended from
time to time, the “Plan”) are to: (a) enable Interpace Biosciences, Inc. (the “Company”)
and its affiliated companies to recruit and retain highly qualified employees, directors and consultants; (b) provide those employees,
directors and consultants with an incentive for productivity; and (c) provide those employees, directors and consultants with
an opportunity to share in the growth and value of the Company.

 

For
purposes of the Plan, the following terms will have the meanings defined below, unless the context clearly requires a different
meaning:

 

(a)
“Affiliate” means, with respect to a Person, a Person that directly or indirectly controls, is controlled by,
or is under common control with such Person.

 

(b)
“Applicable Law” means the legal requirements relating to the administration of and issuance of securities
under stock incentive plans, including, without limitation, the requirements of state corporations law, federal, state and foreign
securities law, federal, state and foreign tax law, and the requirements of any stock exchange or quotation system upon which
the Shares may then be listed or quoted.

 

(c)
“Award” means an award of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, or
Cash Awards made under this Plan.

 

(d)
“Award Agreement” means, with respect to any particular Award, the written document that sets forth the terms
of that particular Award.

 

(e)
“Board” means the Board of Directors of the Company, as constituted from time to time.

 

(f)
“Cash Award” means an award that is granted under Section 10.

 

(g)
“Cause” means (i) Participant’s refusal to comply with any lawful directive or policy of the Company
which refusal is not cured by the Participant within ten (10) days of such written notice from the Company; (ii) the Company’s
determination that Participant has committed any act of dishonesty, embezzlement, unauthorized use or disclosure of confidential
information or other intellectual property or trade secrets, common law fraud or other fraud against the Company or any Subsidiary
or Affiliate; (iii) a material breach by the Participant of any written agreement with or any fiduciary duty owed to any Company
or any Subsidiary or Affiliate; (iv) Participant’s conviction (or the entry of a plea of a nolo contendere or equivalent
plea) of a felony or any misdemeanor involving material dishonesty or moral turpitude; or (v) Participant’s habitual or
repeated misuse of, or habitual or repeated performance of Participant’s duties under the influence of, alcohol, illegally
obtained prescription controlled substances or non-prescription controlled substances. Notwithstanding the foregoing, if a Participant
and the Company (or any of its Affiliates) have entered into an employment agreement, consulting agreement or other similar agreement
that specifically defines “cause,” then with respect to such Participant, “Cause” shall have the meaning
defined in such other agreement.

 

    	 	 	 

    	 

    

 

(h)
“Change in Control” shall mean the occurrence of any of the following events: (i) any “person”
(as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes a “beneficial owner” (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the total
power to vote for the election of directors of the Company; (ii) during any twelve month period, individuals who at the beginning
of such period constitute the Board and any new director (other than a director designated by a person who has entered into an
agreement with the Company to effect a transaction described in Section 1(h)(i), Section 1(h)(iii), Section 1(h)(iv)
or Section 1(h)(v) hereof) whose election by the Board or nomination for election by the Company’s stockholders
was approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning
of the period of whose election or nomination for election was previously approved, cease for any reason to constitute a majority
thereof; (iii) the merger or consolidation of the Company with another corporation where the stockholders of the Company, immediately
prior to the merger or consolidation, will not beneficially own, immediately after the merger or consolidation, shares entitling
such stockholders to 50% or more of all votes to which all stockholders of the surviving corporation would be entitled in the
election of directors (without consideration of the rights of any class of stock to elect directors by a separate class vote);
(iv) the sale or other disposition of all or substantially all of the assets of the Company; (v) a liquidation or dissolution
of the Company or (vi) acceptance by stockholders of the Company of shares in a share exchange if the stockholders of the Company
immediately before such share exchange do not or will not own directly or indirectly immediately following such share exchange
more than fifty percent (50%) of the combined voting power of the outstanding voting securities of the entity resulting from or
surviving such share exchange in substantially the same proportion as their ownership of the voting securities outstanding immediately
before such share exchange.

 

Notwithstanding
anything in the Plan or an Award Agreement to the contrary, if an Award is subject to Section 409A of the Code, no event that,
but for the application of this paragraph, would be a Change in Control as defined in the Plan or the Award Agreement, as applicable,
shall be a Change in Control unless such event is also a “change in control event” as defined in Section 409A of the
Code.

 

(i)
“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto.

 

(j)
“Committee” means the committee designated by the Board to administer the Plan under Section 2. To the
extent required under Applicable Law, the Committee shall have at least two members and each member of the Committee shall be
a Non-Employee Director.

 

(k)
“Director” means a member of the Board.

 

(l)
“Disability” means a condition rendering a Participant Disabled.

 

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(m)
“Disabled” will have the same meaning as set forth in Section 22(e)(3) of the Code.

 

(n)
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

(o)
“Fair Market Value” means, as of any date, the value of a Share determined as follows: (i) if the Shares are
listed on any established stock exchange or a national market system, including, without limitation, the Nasdaq Capital Market,
the Fair Market Value of a Share will be the closing sales price for such stock as quoted on that system or exchange (or the system
or exchange with the greatest volume of trading in Shares) at the close of regular hours trading on the day of determination;
(ii) if the Shares are regularly quoted by recognized securities dealers but selling prices are not reported, the Fair Market
Value of a Share will be the mean between the high bid and low asked prices for Shares at the close of regular hours trading on
the day of determination; or (iii) if Shares are not traded as set forth above, the Fair Market Value will be determined in good
faith by the Committee taking into consideration such factors as the Committee considers appropriate, such determination by the
Committee to be final, conclusive and binding. Notwithstanding the foregoing, in connection with a Change in Control, Fair Market
Value shall be determined in good faith by the Committee, such determination by the Committee to be final conclusive and binding.

 

(p)
“Incentive Stock Option” means any Option intended to be an “Incentive Stock Option” within the
meaning of Section 422 of the Code.

 

(q)
“Non-Employee Director” will have the meaning set forth in Rule 16b-3(b)(3)(i) promulgated by the Securities
and Exchange Commission under the Exchange Act, or any successor definition adopted by the Securities and Exchange Commission.

 

(r)
“Non-Qualified Stock Option” means any Option that is not an Incentive Stock Option.

 

(s)
“Option” means any option to purchase Shares (including an option to purchase Restricted Stock, if the Committee
so determines) granted pursuant to Section 5 hereof.

 

(t)
“Parent” means, in respect of the Company, a “parent corporation” as defined in Section 424(e)
of the Code.

 

(u)
“Participant” means an employee, consultant, Director, or other service provider of or to the Company or any
of its respective Affiliates to whom an Award is granted.

 

(v)
“Person” means an individual, partnership, corporation, limited liability company, trust, joint venture, unincorporated
association, or other entity or association.

 

(w)
“Restricted Stock” means Shares that are subject to restrictions pursuant to Section 8 hereof.

 

(x)
“Restricted Stock Unit” means a right granted under and subject to restrictions pursuant to Section 9
hereof.

 

    	 	-3-	 

    	 

    

 

(y)
“Shares” means shares of the Company’s common stock, par value $0.01, subject to substitution or adjustment
as provided in Section 3(c) hereof.

 

(z)
“Stock Appreciation Right” means a right granted under and subject to Section 6 hereof.

 

(aa)
“Subsidiary” means, in respect of the Company, a subsidiary company as defined in Sections 424(f) and (g) of
the Code.

 

Section
2. Administration. The Plan shall be administered by the Committee. Any action of the Committee in administering the
Plan shall be final, conclusive and binding on all persons, including the Company, its Subsidiaries, Affiliates, their respective
employees, the Participants, persons claiming rights from or through Participants and stockholders of the Company.

 

The
Committee will have full authority to grant Awards under this Plan and determine the terms of such Awards. Such authority will
include the right to:

 

(a)
select the individuals to whom Awards are granted (consistent with the eligibility conditions set forth in Section 4);

 

(b)
determine the type of Award to be granted;

 

(c)
determine the number of Shares, if any, to be covered by each Award;

 

(d)
establish the terms and conditions of each Award;

 

(e)
establish the performance conditions relevant to any Award and certify whether such performance conditions have been satisfied;

 

(f)
approve forms of agreements (including Award Agreements) for use under the Plan;

 

(g)
determine whether and under what circumstances an Option may be exercised without a payment of cash under Section 5(d);

 

(h)
accelerate the vesting or exercisability of an Award and to modify or amend each Award, subject to Section 11; and

 

(i)
extend the period of time for which an Option or Stock Appreciation Right is to remain exercisable following a Participant’s
termination of service to the Company from the limited period otherwise in effect for that Option or Stock Appreciation Right
to such greater period of time as the Committee deems appropriate, but in no event beyond the expiration of the term of the Option
or Stock Appreciation Right.

 

The
Committee will have the authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the
Plan as it, from time to time, deems advisable; to establish the terms and form of each Award Agreement; to interpret the terms
and provisions of the Plan and any Award issued under the Plan (and any Award Agreement); and to otherwise supervise the administration
of the Plan. The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any Award
Agreement in the manner and to the extent it deems necessary to carry out the intent of the Plan.

 

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The
Committee may delegate to one or more officers of the Company the authority to grant Awards to Participants who are not subject
to the requirements of Section 16 of the Exchange Act and the rules and regulations thereunder, provided that the Committee shall
have fixed the total number of Shares subject to such delegation. Any such delegation shall be subject to the applicable corporate
laws of the State of Delaware. The Committee may revoke any such allocation or delegation at any time for any reason with or without
prior notice.

 

No
Director will be liable for any good faith determination, act or omission in connection with the Plan or any Award.

 

Section
3. Shares Subject to the Plan.

 

(a)
Shares Subject to the Plan. Subject to adjustment as provided in Section 3(c) of the Plan, the maximum number of
Shares that may be issued in respect of Awards under the Plan is 2,300,000 Shares (the “Plan Limit”), all of
which may be issued in respect of Incentive Stock Options. Any Shares issued hereunder may consist, in whole or in part, of authorized
and unissued Shares or treasury shares. Any Shares issued by the Company through the assumption or substitution of outstanding
grants in connection with the acquisition of another entity shall not reduce the maximum number of Shares available for delivery
under the Plan.

 

(i)
Any Shares that are available for issuance under the Interpace Diagnostics Group, Inc. Amended and Restated 2004 Stock Award and
Incentive Plan (the “2004 Plan”) as of the Effective Date, and any Shares that become available for issuance
under the 2004 Plan following the Effective Date in accordance with the terms of the 2004 Plan (the “Additional Shares”)
may be issued to Participants pursuant to the terms of this Plan. The Plan Limit shall be increased by such number of Additional
Shares.

 

(ii)
The maximum total grant date fair value of Awards (as measured by the Company for financial accounting purposes) granted to any
Participant in his or her capacity as a Non-Employee Director in any single calendar year shall not exceed $250,000.

 

(b)
Effect of the Expiration or Termination of Awards. If and to the extent that an Option or a Stock Appreciation Right expires,
terminates or is canceled or forfeited for any reason without having been exercised in full, the Shares associated with that Award
will again become available for grant under the Plan. Similarly, if and to the extent an Award of Restricted Stock or Restricted
Stock Units is canceled or forfeited for any reason, the Shares subject to that Award will again become available for grant under
the Plan. Shares withheld in settlement of a tax withholding obligation associated with an Award, or in satisfaction of the exercise
price payable upon exercise of an Option, will not become available for grant under the Plan.

 

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(c)
Other Adjustment. In the event of any corporate event or transaction such as a merger, consolidation, reorganization, recapitalization,
stock split, reverse stock split, split up, spin-off, combination of shares, exchange of shares, stock dividend, dividend in kind,
or other like change in capital structure (other than ordinary cash dividends) to stockholders of the Company, or other similar
corporate event or transaction affecting the Shares, the Committee, to prevent dilution or enlargement of Participants’
rights under the Plan, shall, in such manner as it may deem equitable, substitute or adjust, in its sole discretion, the number
and kind of shares that may be issued under the Plan or under any outstanding Awards, the number and kind of shares subject to
outstanding Awards, the exercise price, grant price or purchase price applicable to outstanding Awards, and/or any other affected
terms and conditions of this Plan or outstanding Awards.

 

(d)
Change in Control. Notwithstanding anything to the contrary set forth in the Plan, upon any Change in Control, the Committee
may, in its sole and absolute discretion and without the need for the consent of any Participant, take one or more of the following
actions contingent upon the occurrence of that Change in Control:

 

(i)
cause any or all outstanding Awards to become vested and immediately exercisable (as applicable), in whole or in part;

 

(ii)
cause any outstanding Option or Stock Appreciation Right to become fully vested and immediately exercisable for a reasonable period
in advance of the Change in Control and, to the extent not exercised prior to that Change in Control, cancel that Option or Stock
Appreciation Right upon closing of the Change in Control;

 

(iii)
cancel any unvested Award or unvested portion thereof, with or without consideration;

 

(iv)
cancel any Award in exchange for a substitute award;

 

(v)
redeem any Restricted Stock or Restricted Stock Unit for cash and/or other substitute consideration with value equal to the Fair
Market Value of an unrestricted Share on the date of the Change in Control;

 

(vi)
cancel any Option or Stock Appreciation Right in exchange for cash and/or other substitute consideration with a value equal to:
(A) the number of Shares subject to that Option or Stock Appreciation Right, multiplied by (B) the difference, if any, between
the Fair Market Value per Share on the date of the Change in Control and the exercise price of that Option or the base price of
the Stock Appreciation Right; provided, that if the Fair Market Value per Share on the date of the Change in Control does
not exceed the exercise price of any such Option or the base price of any such Stock Appreciation Right, the Committee may cancel
that Option or Stock Appreciation Right without any payment of consideration therefor; and/or

 

(vii)
take such other action as the Committee shall determine to be reasonable under the circumstances.

 

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Notwithstanding
any provision of this Section 3(d), in the case of any Award subject to Section 409A of the Code, such Award shall vest
and be distributed only in accordance with the terms of the applicable Award Agreement and the Committee shall only be permitted
to use discretion to the extent that such discretion would be permitted under Section 409A of the Code.

 

In
the discretion of the Committee, any cash or substitute consideration payable upon cancellation of an Award may be subjected to
(i) vesting terms substantially identical to those that applied to the cancelled Award immediately prior to the Change in Control,
or (ii) earn-out, escrow, holdback or similar arrangements, to the extent such arrangements are applicable to any consideration
paid to stockholders in connection with the Change in Control.

 

Section
4. Eligibility. Employees, Directors, consultants, and other individuals who provide services to the Company or its
Affiliates are eligible to be granted Awards under the Plan; provided, however, that only employees of the Company, any
Parent or a Subsidiary are eligible to be granted Incentive Stock Options.

 

Section
5. Options. Options granted under the Plan may be of two types: (i) Incentive Stock Options or (ii) Non-Qualified Stock
Options. The Award Agreement shall state whether such grant is an Incentive Stock Option or a Non-Qualified Stock Option. Any
Option granted under the Plan will be in such form as the Committee may at the time of such grant approve.

 

The
Award Agreement evidencing any Option will incorporate the following terms and conditions and will contain such additional terms
and conditions, not inconsistent with the terms of the Plan, as the Committee deems appropriate in its sole and absolute discretion:

 

(a)
Option Price. The exercise price per Share under an Option will be determined by the Committee and will not be less than
100% of the Fair Market Value of a Share on the date of the grant. However, any Incentive Stock Option granted to any Participant
who, at the time the Option is granted, owns, either directly and/or within the meaning of the attribution rules contained in
Section 424(d) of the Code, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company,
will have an exercise price per Share of not less than 110% of Fair Market Value per Share on the date of the grant.

 

(b)
Option Term. The term of each Option will be fixed by the Committee, but no Option will be exercisable more than 10 years
after the date the Option is granted. However, any Incentive Stock Option granted to any Participant who, at the time such Option
is granted, owns, either directly and/or within the meaning of the attribution rules contained in Section 424(d) of the Code,
stock possessing more than 10% of the total combined voting power of all classes of stock of the Company, may not have a term
of more than 5 years. No Option may be exercised by any Person after expiration of the term of the Option.

 

(c)
Exercisability. Options will vest and be exercisable at such time or times and subject to such terms and conditions as
determined by the Committee. Such terms and conditions may include the continued employment or service of the Participant, the
attainment of specified individual or corporate performance goals, or such other factors as the Committee may determine in its
sole discretion (the “Vesting Conditions”).

 

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(d)
Method of Exercise. Subject to the terms of the applicable Award Agreement, the exercisability provisions of Section
5(c) and the termination provisions of Section 7, Options may be exercised in whole or in part from time to time during
their term by the delivery of written notice to the Company specifying the number of Shares to be purchased. Such notice will
be accompanied by payment in full of the purchase price, either by certified or bank check, or such other means as the Committee
may accept. The Committee may, in its sole discretion, permit payment of the exercise price of an Option in the form of previously
acquired Shares based on the Fair Market Value of the Shares on the date the Option is exercised or through means of a “net
settlement,” whereby the Option exercise price will not be due in cash and where the number of Shares issued upon such exercise
will be equal to: (A) the product of (i) the number of Shares as to which the Option is then being exercised, and (ii) the excess,
if any, of (a) the then current Fair Market Value per Share over (b) the Option exercise price, divided by (B) the then current
Fair Market Value per Share.

 

No
Shares will be issued upon exercise of an Option until full payment therefor has been made. A Participant will not have the right
to distributions or dividends or any other rights of a stockholder with respect to Shares subject to the Option until the Participant
has given written notice of exercise, has paid in full for such Shares, if requested, has given the representation described in
Section 17(a) hereof and fulfills such other conditions as may be set forth in the applicable Award Agreement.

 

(e)
Incentive Stock Option Limitations. In the case of an Incentive Stock Option, the aggregate Fair Market Value (determined
as of the time of grant) of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the
Participant during any calendar year under the Plan and/or any other plan of the Company, its Parent or any Subsidiary will not
exceed $100,000. For purposes of applying the foregoing limitation, Incentive Stock Options will be taken into account in the
order granted. To the extent any Option does not meet such limitation, that Option will be treated for all purposes as a Non-Qualified
Stock Option.

 

(f)
Termination of Service. Unless otherwise specified in the applicable Award Agreement or as otherwise provided by the Committee
at or after the time of grant, Options will be subject to the terms of Section 7 with respect to exercise upon or following
termination of employment or other service.

 

Section
6. Stock Appreciation Right. Subject to the other terms of the Plan, the Committee may grant Stock Appreciation Rights
to eligible individuals. Each Stock Appreciation Right shall represent the right to receive, upon exercise, an amount equal to
the number of Shares subject to the Award that is being exercised multiplied by the excess of (i) the Fair Market Value of a Share
on the date the Award is exercised, over (ii) the base price specified in the applicable Award Agreement. Distributions may be
made in cash, Shares, or a combination of both, at the discretion of the Committee. The Award Agreement evidencing each Stock
Appreciation Right shall indicate the base price, the term and the Vesting Conditions for such Award. A Stock Appreciation Right
base price may never be less than the Fair Market Value of the underlying common stock of the Company on the date of grant of
such Stock Appreciation Right. The term of each Stock Appreciation Right will be fixed by the Committee, but no Stock Appreciation
Right will be exercisable more than 10 years after the date the Stock Appreciation Right is granted. Subject to the terms and
conditions of the applicable Award Agreement, Stock Appreciation Rights may be exercised in whole or in part from time to time
during their term by the delivery of written notice to the Company specifying the number of Shares to be exercised. Unless otherwise
specified in the applicable Award Agreement or as otherwise provided by the Committee at or after the time of grant, Stock Appreciation
Rights will be subject to the terms of Section 7 with respect to exercise upon or following termination of employment or
other service.

 

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Section
7. Termination of Service. Unless otherwise specified with respect to a particular Option or Stock Appreciation Right
in the applicable Award Agreement or otherwise determined by the Committee, any portion of an Option or Stock Appreciation Right
that is not exercisable upon termination of service will expire immediately and automatically upon such termination and any portion
of an Option or Stock Appreciation Right that is exercisable upon termination of service will expire on the date it ceases to
be exercisable in accordance with this Section 7.

 

(a)
Termination by Reason of Death. If a Participant’s service with the Company or any Affiliate terminates by reason
of death, any Option or Stock Appreciation Right held by such Participant may thereafter be exercised, to the extent it was exercisable
at the time of his or her death or on such accelerated basis as the Committee may determine at or after grant, by the legal representative
of the estate or by the legatee of the Participant, for a period expiring (i) at such time as may be specified by the Committee
at or after grant, or (ii) if not specified by the Committee, then 12 months from the date of death, or (iii) if sooner than the
applicable period specified under (i) or (ii) above, upon the expiration of the stated term of such Option or Stock Appreciation
Right.

 

(b)
Termination by Reason of Disability. If a Participant’s service with the Company or any Affiliate terminates by reason
of Disability, any Option or Stock Appreciation Right held by such Participant may thereafter be exercised by the Participant
or his or her personal representative, to the extent it was exercisable at the time of termination, or on such accelerated basis
as the Committee may determine at or after grant, for a period expiring (i) at such time as may be specified by the Committee
at or after grant, or (ii) if not specified by the Committee, then 12 months from the date of termination of service, or (iii)
if sooner than the applicable period specified under (i) or (ii) above, upon the expiration of the stated term of such Option
or Stock Appreciation Right.

 

(c)
Cause. If a Participant’s service with the Company or any Affiliate is terminated for Cause: (i) any Option or Stock
Appreciation Right, or portion thereof, not already exercised will be immediately and automatically forfeited as of the date of
such termination, and (ii) any Shares for which the Company has not yet delivered share certificates will be immediately and automatically
forfeited and the Company will refund to the Participant the Option exercise price paid for such Shares, if any.

 

    	 	-9-	 

    	 

    

 

(d)
Other Termination. If a Participant’s service with the Company or any Affiliate terminates for any reason other than
death, Disability or Cause, any Option or Stock Appreciation Right held by such Participant may thereafter be exercised by the
Participant, to the extent it was exercisable at the time of such termination, or on such accelerated basis as the Committee may
determine at or after grant, for a period expiring (i) at such time as may be specified by the Committee at or after grant, or
(ii) if not specified by the Committee, then 90 days from the date of termination of service, or (iii) if sooner than the applicable
period specified under (i) or (ii) above, upon the expiration of the stated term of such Option or Stock Appreciation Right.

 

Section
8. Restricted Stock.

 

(a)
Issuance. Restricted Stock may be issued either alone or in conjunction with other Awards. The Committee will determine
the time or times within which Restricted Stock may be subject to forfeiture, and all other conditions of such Awards. The purchase
price for Restricted Stock may, but need not, be zero. The prospective recipient of an Award of Restricted Stock will not have
any rights with respect to such Award, unless and until such recipient has delivered to the Company an executed Award Agreement
and has otherwise complied with the applicable terms and conditions of such Award.

 

(b)
Certificates. Upon the Award of Restricted Stock, the Committee may direct that a certificate or certificates representing
the number of Shares subject to such Award be issued to the Participant or placed in a restricted stock account (including an
electronic account) with the transfer agent and in either case designating the Participant as the registered owner. The certificate(s),
if any, representing such shares shall be physically or electronically legended, as applicable, as to sale, transfer, assignment,
pledge or other encumbrances during the Restriction Period and if issued to the Participant, returned to the Company, to be held
in escrow during the Restriction Period. As a condition to any Award of Restricted Stock, the Participant may be required to deliver
to the Company a share power, endorsed in blank, relating to the Shares covered by such Award.

 

(c)
Restrictions and Conditions. The Award Agreement evidencing the grant of any Restricted Stock will incorporate the following
terms and conditions and such additional terms and conditions, not inconsistent with the terms of the Plan, as the Committee deems
appropriate in its sole and absolute discretion:

 

(i)
During a period commencing with the date of an Award of Restricted Stock and ending at such time or times as specified by the
Committee (the “Restriction Period”), the Participant will not be permitted to sell, transfer, pledge, assign
or otherwise encumber Restricted Stock awarded under the Plan. The Committee may condition the lapse of restrictions on Restricted
Stock upon one or more Vesting Conditions.

 

    	 	-10-	 

    	 

    

 

(ii)
While any Share of Restricted Stock remains subject to restriction, the Participant will have, with respect to the Restricted
Stock, the right to vote the Shares, but will not have the right to receive any cash distributions or dividends prior to the lapse
of the Restriction Period underlying such Shares unless otherwise provided under the applicable Award Agreement or as determined
by the Committee. If any cash distributions or dividends are payable with respect to the Restricted Stock, the Committee, in its
sole discretion, may require the cash distributions or dividends to be subjected to the same Restriction Period as is applicable
to the Restricted Stock with respect to which such amounts are paid, or, if the Committee so determines, reinvested in additional
Restricted Stock to the extent Shares are available under Section 3(a) of the Plan. A Participant shall not be entitled
to interest with respect to any dividends or distributions subjected to the Restriction Period. Any distributions or dividends
paid in the form of securities with respect to Restricted Stock will be subject to the same terms and conditions as the Restricted
Stock with respect to which they were paid, including, without limitation, the same Restriction Period.

 

(iii)
Subject to the provisions of the applicable Award Agreement or as otherwise determined by the Committee, if a Participant’s
service with the Company and its Affiliates terminates prior to the expiration of the applicable Restriction Period, the Participant’s
Restricted Stock that then remains subject to forfeiture will then be forfeited automatically.

 

Section
9. Restricted Stock Units. Subject to the other terms of the Plan, the Committee may grant Restricted Stock Units to
eligible individuals and may impose one or more Vesting Conditions on such units. Each Restricted Stock Unit will represent a
right to receive from the Company, upon fulfillment of any applicable conditions, an amount equal to the Fair Market Value (at
the time of the distribution) of one Share. Distributions may be made in cash, Shares, or a combination of both, at the discretion
of the Committee. The Award Agreement evidencing a Restricted Stock Unit shall set forth the Vesting Conditions and time and form
of payment with respect to such Award. The Participant shall not have any stockholder rights with respect to the Shares subject
to a Restricted Stock Unit Award until that Award vests and the Shares are actually issued thereunder. Subject to the provisions
of the applicable Award Agreement or as otherwise determined by the Committee, if a Participant’s service with the Company
terminates prior to the Restricted Stock Unit Award vesting in full, any portion of the Participant’s Restricted Stock Units
that then remain subject to forfeiture will then be forfeited automatically.

 

Section
10. Cash Award. Subject to the other terms of the Plan, the Committee may grant Cash Awards to eligible individuals
and may impose one or more Vesting Conditions on such Awards. Unless otherwise determined by the Committee, a Participant must
provide services to the Company or its Affiliates through the last day of the performance period applicable to the Cash Award
in order to be eligible to receive payment. Unless otherwise specified by the Committee, payment in respect of a Cash Award will
be made in cash, by the fifteenth day of the third month following the year in which such Award is earned.

 

Section
11. Amendments and Termination. The Board may amend, alter or discontinue the Plan at any time. However, except as
otherwise provided in Section 3, no amendment, alteration or discontinuation will be made which would impair the rights
of a Participant with respect to an Award without that Participant’s consent or which, without the approval of such amendment
within 365 days of its adoption by the Board or by the Company’s stockholders in a manner consistent with Treas. Reg. §
1.422-3 (or any successor provision), would: (i) increase the total number of Shares reserved for issuance hereunder, or (ii)
change the persons or class of persons eligible to receive Awards.

 

    	 	-11-	 

    	 

    

 

Section
12. Prohibition on Repricing Programs. Neither the Committee nor the Board shall (i) implement any cancellation/re-grant
program pursuant to which outstanding Options or Stock Appreciation Rights under the Plan are cancelled and new Options or Stock
Appreciation Rights are granted in replacement with a lower exercise or base price per share, (ii) cancel outstanding Options
or Stock Appreciation Rights under the Plan with exercise prices or base prices per share in excess of the then current Fair Market
Value per Share for consideration payable in equity securities of the Company or (iii) otherwise directly reduce the exercise
price or base price in effect for outstanding Options or Stock Appreciation Rights under the Plan, without in each such instance
obtaining stockholder approval.

 

Section
13. Conditions Upon Grant of Awards and Issuance of Shares.

 

(a)
The implementation of the Plan, the grant of any Award and the issuance of Shares in connection with the issuance, exercise or
vesting of any Award made under the Plan shall be subject to the Company’s procurement of all approvals and permits required
by regulatory authorities having jurisdiction over the Plan, the Awards made under the Plan and the Shares issuable pursuant to
those Awards.

 

(b)
No Shares or other assets shall be issued or delivered under the Plan unless and until there shall have been compliance with all
applicable requirements of Applicable Law, including the filing and effectiveness of the Form S-8 registration statement for the
Shares issuable under the Plan, and all applicable listing requirements of any stock exchange on which Shares are then listed
for trading.

 

Section
14. Limits on Transferability; Beneficiaries. No Award or other right or interest of a Participant under the Plan shall
be pledged, encumbered, or hypothecated to, or in favor of, or subject to any lien, obligation, or liability of such Participant
to, any party, other than the Company, any Subsidiary or Affiliate, or assigned or transferred by such Participant other than
by will or the laws of descent and distribution, and such Awards and rights shall be exercisable during the lifetime of the Participant
only by the Participant or his or her guardian or legal representative. Notwithstanding the foregoing, the Committee may, in its
discretion, provide that Awards or other rights or interests of a Participant granted pursuant to the Plan (other than an Incentive
Stock Option) be transferable, without consideration, to immediate family members (i.e., children, grandchildren or spouse), to
trusts for the benefit of such immediate family members and to partnerships in which such family members are the only partners.
The Committee may attach to such transferability feature such terms and conditions as it deems advisable. In addition, a Participant
may, in the manner established by the Committee, designate a beneficiary (which may be a person or a trust) to exercise the rights
of the Participant, and to receive any distribution, with respect to any Award upon the death of the Participant. A beneficiary,
guardian, legal representative or other person claiming any rights under the Plan from or through any Participant shall be subject
to all terms and conditions of the Plan and any Award Agreement applicable to such Participant, except as otherwise determined
by the Committee, and to any additional restrictions deemed necessary or appropriate by the Committee.

 

    	 	-12-	 

    	 

    

 

Section
15. Withholding of Taxes.

 

(a)
Required Withholding. All Awards under the Plan shall be subject to applicable federal (including FICA), state and local
tax withholding requirements. The Company may require that the Participant or other person receiving or exercising Awards pay
to the Company the amount of any federal, state or local taxes that the Company is required to withhold with respect to such Awards,
or the Company may deduct from other wages paid by the Company the amount of any withholding taxes due with respect to such Awards.

 

(b)
Election to Withhold Shares. If the Committee so permits, Shares subject to an Award may be withheld to satisfy tax withholding
obligations arising with respect thereto based on the Fair Market Value of such Shares at the time of withholding, to the extent
that such withholding would not result in liability classification of such Award (or any portion thereof) under applicable accounting
rules.

 

Section
16. Liability of Company.

 

(a)
Inability to Obtain Authority. If the Company cannot, by the exercise of commercially reasonable efforts, obtain authority
from any regulatory body having jurisdiction for the sale of any Shares under this Plan, and such authority is deemed by the Company’s
counsel to be necessary to the lawful issuance of those Shares, the Company will be relieved of any liability for failing to issue
or sell those Shares.

 

(b)
Grants Exceeding Allotted Shares. If Shares subject to an Award exceed, as of the date of grant, the number of Shares which
may be issued under the Plan without additional shareholder approval, that Award will be contingent with respect to such excess
Shares, on the effectiveness under Applicable Law of a sufficient increase in the number of Shares subject to this Plan.

 

(c)
Rights of Participants and Beneficiaries. The Company will pay all amounts payable under this Plan only to the applicable
Participant, or beneficiaries entitled thereto pursuant to this Plan. The Company will not be liable for the debts, contracts,
or engagements of any Participant or his or her beneficiaries, and rights to cash payments under this Plan may not be taken in
execution by attachment or garnishment, or by any other legal or equitable proceeding while in the hands of the Company.

 

Section
17. General Provisions.

 

(a)
The Board may require each Participant to represent to and agree with the Company in writing that the Participant is acquiring
securities of the Company for investment purposes and without a view to distribution thereof and as to such other matters as the
Board believes are appropriate.

 

(b)
The Awards shall be subject to the Company’s stock ownership policies, as in effect from time to time.

 

    	 	-13-	 

    	 

    

 

(c)
All certificates for Shares or other securities delivered under the Plan will be subject to such share-transfer orders and other
restrictions as the Board may deem advisable under the rules, regulations and other requirements of the Securities Act of 1933,
as amended, the Exchange Act, any stock exchange upon which the Shares are then listed, and any other Applicable Law, and the
Board may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions.

 

(d)
Nothing contained in the Plan will prevent the Board from adopting other or additional compensation arrangements, subject to stockholder
approval if such approval is required.

 

(e)
Neither the adoption of the Plan nor the execution of any document in connection with the Plan will: (i) confer upon any employee
or other service provider of the Company or an Affiliate any right to continued employment or engagement with the Company or such
Affiliate, or (ii) interfere in any way with the right of the Company or such Affiliate to terminate the employment or engagement
of any of its employees or other service providers at any time.

 

(f)
The Awards (whether vested or unvested) shall be subject to rescission, cancellation or recoupment, in whole or in part, under
any current or future “clawback” or similar policy of the Company that is applicable to the Participant. Notwithstanding
any other provisions in this Plan, any Award which is subject to recovery under any law, government regulation or stock exchange
listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government
regulation or stock exchange listing requirement.

 

Section
18. Effective Date of Plan. The Plan became effective on [ ] (the “Effective Date”), upon its approval
by the holders of a majority of the voting power of the shares deemed present and entitled to vote at the meeting of stockholders
of the Company.

 

Section
19. Term of Plan. Unless the Plan shall theretofore have been terminated in accordance with Section 11, the
Plan shall terminate on the 10-year anniversary of the Effective Date, and no Awards under the Plan shall thereafter be granted.

 

Section
20. Invalid Provisions. In the event that any provision of this Plan is found to be invalid or otherwise unenforceable
under any Applicable Law, such invalidity or unenforceability will not be construed as rendering any other provisions contained
herein as invalid or unenforceable, and all such other provisions will be given full force and effect to the same extent as though
the invalid or unenforceable provision was not contained herein.

 

Section
21. Governing Law. The Plan and all Awards granted hereunder will be governed by and construed in accordance with the
laws and judicial decisions of the State of Delaware, without regard to the application of the principles of conflicts of laws.

 

Section
22. Notices. Any notice to be given to the Company pursuant to the provisions of this Plan must be given in writing
and addressed, if to the Company, to its principal executive office to the attention of its Chief Financial Officer (or such other
Person as the Company may designate in writing from time to time), and, if to a Participant, to the address contained in the Company’s
personnel files, or at such other address as that Participant may hereafter designate in writing to the Company. Any such notice
will be deemed duly given: if delivered personally or via recognized overnight delivery service, on the date and at the time so
delivered; if sent via telecopier or email, on the date and at the time telecopied or emailed with confirmation of delivery; or,
if mailed, five (5) days after the date of mailing by registered or certified mail.

 

    	 	-14-Exhibit
4.2

 

INTERPACE
Biosciences, INC.

EMPLOYEE
STOCK PURCHASE PLAN

 

1.
Purpose. The purpose of the Interpace Biosciences, Inc. Employee Stock Purchase Plan is to provide employees of the Company
and its Participating Subsidiaries with an opportunity to acquire a proprietary interest in the Company through the purchase of
shares of Common Stock. The Company intends that the Plan qualify as an “employee stock purchase plan” under Code
section 423, and the Plan shall be interpreted in a manner that is consistent with that intent.

 

2.
Definitions.

 

“Board”
means the Board of Directors of the Company, as constituted from time to time.

 

“Code”
means the U.S. Internal Revenue Code of 1986, as amended. Any reference to a section of the Code shall be deemed to include any
regulations promulgated thereunder.

 

“Committee”
means the Compensation and Management Committee of the Board.

 

“Common
Stock” means the common stock of the Company, par value $0.01 per share.

 

“Company”
means Interpace Biosciences, Inc., a Delaware corporation, including any successor thereto.

 

“Compensation”
means base salary, wages, annual bonuses and commissions paid to an Eligible Employee by the Company or a Participating Subsidiary
as compensation for services to the Company or Participating Subsidiary, before deduction for any salary deferral contributions
made by the Eligible Employee to any tax-qualified or nonqualified deferred compensation plan, and including overtime, vacation
pay, holiday pay, jury duty pay and funeral leave pay, but excluding education or tuition reimbursements, imputed income arising
under any group insurance or benefit program, travel expenses, business and relocation expenses, and income received in connection
with stock options or other equity-based awards.

 

“Corporate
Transaction” means a merger, consolidation, acquisition of property or stock, separation, reorganization or other corporate
event described in Code section 424.

 

“Designated
Broker” means the financial services firm or other agent designated by the Company to maintain ESPP Share Accounts on
behalf of Participants who have purchased shares of Common Stock under the Plan.

 

“Effective
Date” means the date as of which this Plan is adopted by the Board, subject to the Plan obtaining shareholder approval
in accordance with Section 19.11.

 

“Employee”
means any person who renders services to the Company or a Participating Subsidiary as an employee pursuant to an employment relationship
with such employer. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual
is on military leave, sick leave or other leave of absence approved by the Company or a Participating Subsidiary that meets the
requirements of Treasury Regulations section 1.421-1(h)(2). Where the period of leave exceeds three (3) months, or such other
period of time specified in Treasury Regulations section 1.421-1(h)(2), and the individual’s right to re-employment is not
guaranteed by statute or contract, the employment relationship shall be deemed to have terminated on the first day immediately
following such three-month period, or such other period specified in Treasury Regulations section 1.421-1(h)(2).

 

“Eligible
Employee” means an Employee who (i) has been continuously employed by the Company or a Participating Subsidiary
for at least one (1) year and (ii) is customarily employed for at least twenty (20) hours per week and for more than five
(5) months in any calendar year. Notwithstanding the foregoing, the Committee may exclude from participation in the Plan or any
Offering Employees who are “highly compensated employees” of the Company or a Participating Subsidiary (within the
meaning of Code section 414(q)) or a sub-set of such highly compensated employees.

 

    	 	 	 

    	 

    

 

“Enrollment
Form” means an agreement pursuant to which an Eligible Employee may elect to enroll in the Plan, authorize a new level
of payroll deductions, or stop payroll deductions and withdraw from an Offering Period.

 

“ESPP
Share Account” means an account into which Common Stock purchased with accumulated payroll deductions at the end of
an Offering Period are held on behalf of a Participant.

 

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

 

“Fair
Market Value” means, as of any date, the value of the shares of Common Stock as determined below. If the shares are
listed on any established stock exchange or a national market system, including, without limitation, the New York Stock Exchange
or the NASDAQ Stock Market, the Fair Market Value shall be the closing price of a share (or if no sales were reported, the closing
price on the date immediately preceding such date) as quoted on such exchange or system on the day of determination, as reported
in The Wall Street Journal. In the absence of an established market for the shares, the Fair Market Value shall be determined
in good faith by the Committee and such determination shall be conclusive and binding on all persons.

 

“Offering”
means the grant of rights to an Eligible Employee to purchase shares of Common Stock during an Offering Period in accordance with
the Plan.

 

“Offering
Date” means the first Trading Day of each Offering Period, as designated by the Committee.

 

“Offering
Period” means a period of six (6) months beginning each January 1st and July 1st; provided that, pursuant to
Section 5, the Committee may change the duration of future Offering Periods (subject to a maximum Offering Period of twenty-seven
(27) months) and/or the start and end dates of future Offering Periods.

 

“Participant”
means an Eligible Employee who is actively participating in the Plan.

 

“Participating
Subsidiaries” means the Subsidiaries that the Committee has designated as eligible to participate in the Plan, and such
other Subsidiaries that may be designated by the Committee from time to time in its sole discretion.

 

“Plan”
means this Interpace Biosciences, Inc. Employee Stock Purchase Plan, as set forth herein, and as amended from time to time.

 

“Purchase
Date” means the last Trading Day of each Offering Period.

 

“Purchase
Price” means an amount equal to the lesser of (i) eighty-five percent (85%) of the Fair Market Value of
a share of Common Stock on the Offering Date or (ii) eighty-five percent (85%) of the Fair Market Value of a share of Common
Stock on the Purchase Date; provided that, the Purchase Price per share of Common Stock will in no event be less than the
par value of the Common Stock.

 

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

 

“Subsidiary”
means any corporation, domestic or foreign, of which not less than 50% of the combined voting power is held by the Company or
a Subsidiary, whether or not such corporation exists now or is hereafter organized or acquired by the Company or a Subsidiary.
In all cases, the determination of whether an entity is a Subsidiary shall be made in accordance with Code section 424(f).

 

“Trading
Day” means any day on which the national stock exchange upon which the Common Stock is listed is open for trading or,
if the Common Stock is not listed on an established stock exchange or national market system, a business day, as determined by
the Committee in good faith.

 

3.
Administration. The Committee shall administer the Plan and shall have the authority to construe and interpret the Plan,
prescribe, amend and rescind rules relating to the Plan’s administration and take any other actions necessary or desirable
for the administration of the Plan, and to ensure compliance with Code section 423 and other applicable law. The Committee’s
decisions shall be final and binding on all persons. All expenses of administering the Plan shall be borne by the Company.

 

    	 	-2-	 

    	 

    

 

4.
Eligibility.

 

4.1
Unless otherwise determined by the Committee in a manner consistent with Code section 423, any individual who is an Eligible Employee
as of the first day of the enrollment period designated by the Committee for a particular Offering Period shall be eligible to
participate in such Offering Period, subject to Code section 423 requirements.

 

4.2
Notwithstanding any provision of the Plan to the contrary, no Eligible Employee shall be granted an option under the Plan if (i)
immediately after the grant of the option, such Eligible Employee (or any other person whose stock would be attributed to such
Eligible Employee pursuant to Code section 424(d)) would own capital stock of the Company or hold outstanding options to purchase
stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company or any Subsidiary,
or (ii) such option would permit his or her rights to purchase stock under all Code section 423 employee stock ownership
plans of the Company and its Subsidiaries to accrue at a rate that exceeds $25,000 of the Fair Market Value of such stock (determined
at the time the option is granted) for each calendar year in which such option is outstanding at any time.

 

5.
Offering Periods. The Plan shall be implemented by a series of Offering Periods, each of which shall be six (6) months
in duration, with new Offering Periods commencing on or about January 1st and July 1st of each year (or
such other times as determined by the Committee). The Committee shall have the authority to change the duration, frequency, start
and end dates of Offering Periods.

 

6.
Participation.

 

6.1
Enrollment and Payroll Deductions. An Eligible Employee may elect to participate in the Plan by completing an Enrollment
Form and submitting it to the Company, in accordance with the enrollment procedures established by the Committee. Participation
in the Plan is entirely voluntary. By submitting an Enrollment Form, an Eligible Employee authorizes payroll deductions from his
or her pay check in an amount equal to at least 1%, but not more than 10%, of his or her Compensation on each pay day occurring
during an Offering Period (or such other maximum percentage as the Committee may establish from time to time before an Offering
Period begins). Payroll deductions shall commence on the first payroll date following the Offering Date and end on the last payroll
date on or before the Purchase Date. The Company shall maintain records of all payroll deductions but shall have no obligation
to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated account. Unless expressly permitted
by the Committee, a Participant may not make any separate contributions or payments to the Plan.

 

6.2
Election Changes. During an Offering Period, a Participant may decrease or increase his or her rate of payroll deductions
applicable to such Offering Period only once. To make such a change, the Participant must submit a new Enrollment Form authorizing
the new rate of payroll deductions at least fifteen (15) days before the Purchase Date. A Participant may decrease or increase
his or her rate of payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate
of payroll deductions at least fifteen (15) days before the start of the next Offering Period.

 

6.3
Automatic Re-enrollment. The deduction rate selected by a Participant in an Enrollment Form shall remain in effect for
subsequent Offering Periods, unless the Participant (i) submits a new Enrollment Form authorizing a new level of payroll
deductions in accordance with Section 6.2, (ii) withdraws from the Plan in accordance with Section 10, or (iii)
terminates employment or otherwise becomes ineligible to participate in the Plan.

 

7.
Grant of Option. On each Offering Date, each Participant in the applicable Offering Period shall be granted an option to
purchase, on the Purchase Date, a number of shares of Common Stock determined by dividing the Participant’s accumulated
payroll deductions by the applicable Purchase Price; provided, that in no event shall any Participant purchase more than
100,000 shares of Common Stock during an Offering Period (subject to adjustment in accordance with Section 18 and the limitations
set forth in Section 13).

 

    	 	-3-	 

    	 

    

 

8.
Exercise of Option/Purchase of Shares. A Participant’s option to purchase shares of Common Stock will be exercised
automatically on the Purchase Date of each Offering Period. The Participant’s accumulated payroll deductions will be used
to purchase the maximum number of whole shares that can be purchased with the amounts in the Participant’s notional account.
No fractional shares may be purchased but notional fractional shares of Common Stock will be allocated to the Participant’s
ESPP Share Account to be aggregated with other notional fractional shares of Common Stock on future Purchase Dates, subject to
earlier withdrawal by the Participant in accordance with Section 10 or termination of employment in accordance with Section 11.

 

9.
Transfer of Shares. As soon as reasonably practicable after each Purchase Date, the Company will arrange for the delivery
to each Participant of the shares of Common Stock purchased upon exercise of his or her option. The Committee may permit or require
that the shares be deposited directly into an ESPP Share Account established in the name of the Participant with a Designated
Broker and may require that the shares of Common Stock be retained with such Designated Broker for a specified period of time.
Participants will not have any voting, dividend or other rights of a shareholder with respect to the shares of Common Stock subject
to any option granted hereunder until such shares have been delivered pursuant to this Section 9.

 

10.
Withdrawal.

 

10.1
Withdrawal Procedure. A Participant may withdraw from an Offering by submitting a revised Enrollment Form to the Committee
indicating his or her election to withdraw at least fifteen (15) days before the Purchase Date. The accumulated payroll deductions
held on behalf of a Participant in his or her notional account (that have not been used to purchase shares of Common Stock) shall
be paid to the Participant promptly following receipt of the Participant’s Enrollment Form indicating his or her election
to withdraw and the Participant’s option shall be automatically terminated. If a Participant withdraws from an Offering
Period, no payroll deductions will be made during any succeeding Offering Period, unless the Participant re-enrolls in accordance
with Section 6.1.

 

10.2
Effect on Succeeding Offering Periods. A Participant’s election to withdraw from an Offering Period will not have
any effect upon his or her eligibility to participate in succeeding Offering Periods that commence following the completion of
the Offering Period from which the Participant withdraws.

 

11.
Termination of Employment; Change in Employment Status. Upon termination of a Participant’s employment for any reason,
including death, disability or retirement, or a change in the Participant’s employment status following which the Participant
is no longer an Eligible Employee, which in either case occurs at least thirty (30) days before the Purchase Date, the Participant
will be deemed to have withdrawn from the Plan and the payroll deductions in the Participant’s notional account that have
not been used to purchase shares of Common Stock shall be returned to the Participant, or in the case of the Participant’s
death, to the person(s) entitled to such amounts under Section 17, and the Participant’s option shall be automatically terminated.
If the Participant’s termination of employment or change in status occurs within thirty (30) days before a Purchase Date,
the accumulated payroll deductions shall be used to purchase shares on the Purchase Date.

 

12.
Interest. No interest shall accrue on or be payable with respect to the payroll deductions of a Participant in the Plan.

 

13.
Shares Reserved for Plan.

 

13.1
Number of Shares. A total of 1,000,000 shares of Common Stock have been authorized and reserved for issuance under the
Plan. Such shares of Common Stock may be newly issued shares, treasury shares or shares acquired on the open market.

 

13.2
Over-subscribed Offerings. The number of shares of Common Stock which a Participant may purchase in an Offering under the
Plan may be reduced if the Offering is over-subscribed. No option granted under the Plan shall permit a Participant to purchase
shares of Common Stock which, if added together with the total number of shares of Common Stock purchased by all other Participants
in such Offering would exceed the total number of shares of Common Stock remaining available under the Plan. If the Committee
determines that, on a particular Purchase Date, the number of shares of Common Stock with respect to which options are to be exercised
exceeds the number of shares of Common Stock then available under the Plan, the Company shall make a pro rata allocation
of the shares of Common Stock remaining available for purchase in as uniform a manner as practicable and as the Committee determines
to be equitable.

 

    	 	-4-	 

    	 

    

 

14.
Transferability. No payroll deductions credited to a Participant, nor any rights with respect to the exercise of an option
or any rights to receive Common Stock hereunder may be assigned, transferred, pledged or otherwise disposed of in any way by the
Participant, other than by will, the laws of descent and distribution, or as provided in Section 17. Any attempt to assign, transfer,
pledge or otherwise dispose of such rights or amounts shall be without effect.

 

15.
Application of Funds. All payroll deductions received or held by the Company under the Plan may be used by the Company
for any corporate purpose to the extent permitted by applicable law, and the Company shall not be required to segregate such payroll
deductions or contributions.

 

16.
Statements. Participants will be provided with statements at least annually which shall set forth the contributions made
by the Participant to the Plan, the Purchase Price of any shares of Common Stock purchased with accumulated funds, the number
of shares of Common Stock purchased, and any payroll deduction amounts remaining in the Participant’s notional account.

 

17.
Designation of Beneficiary. A Participant may file, on forms supplied by the Committee, a written designation of beneficiary
who is to receive any shares of Common Stock and cash in respect of any fractional shares of Common Stock, if any, from the Participant’s
ESPP Share Account under the Plan in the event of such Participant’s death. In addition, a Participant may file a written
designation of beneficiary who is to receive any cash withheld through payroll deductions and credited to the Participant’s
notional account in the event of the Participant’s death prior to the Purchase Date of an Offering Period.

 

18.
Adjustments; Dissolution or Liquidation; Corporate Transactions.

 

18.1
Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Common Stock, or other
property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, or exchange of Common Stock or other securities of the Company, or other change in the Company’s structure affecting
the Common Stock occurs, then in order to prevent dilution or enlargement of the benefits or potential benefits intended to be
made available under the Plan, the Committee will, in such manner as it deems equitable, adjust the number of shares and class
of Common Stock that may be delivered under the Plan, the Purchase Price per share and the number of shares of Common Stock covered
by each outstanding option under the Plan, and the numerical limits of Section 7 and Section 13.

 

18.2
Dissolution or Liquidation. Unless otherwise determined by the Committee, in the event of a proposed dissolution or liquidation
of the Company, any Offering Period then in progress will be shortened by setting a new Purchase Date, and the Offering Period
will end immediately prior to the proposed dissolution or liquidation. The new Purchase Date will be before the date of the Company’s
proposed dissolution or liquidation. Before the new Purchase Date, the Committee will provide each Participant with written notice,
which may be electronic, of the new Purchase Date and that the Participant’s option will be exercised automatically on such
date, unless before such time, the Participant has withdrawn from the Offering in accordance with Section 10.

 

18.3
Corporate Transaction. In the event of a Corporate Transaction, each outstanding option will be assumed or an equivalent
option substituted by the successor corporation or a parent or Subsidiary of such successor corporation. If the successor corporation
refuses to assume or substitute the option, the Offering Period with respect to which the option relates will be shortened by
setting a new Purchase Date on which the Offering Period will end. The new Purchase Date will occur before the date of the Corporate
Transaction. Prior to the new Purchase Date, the Committee will provide each Participant with written notice, which may be electronic,
of the new Purchase Date and that the Participant’s option will be exercised automatically on such date, unless before such
time, the Participant has withdrawn from the Offering in accordance with Section 10.

 

19.
General Provisions.

 

19.1
Equal Rights and Privileges. Notwithstanding any provision of the Plan to the contrary and in accordance with Code section
423, all Eligible Employees who are granted options under the Plan shall have the same rights and privileges.

 

    	 	-5-	 

    	 

    

 

19.2
No Right to Continued Service. Neither the Plan nor any compensation paid hereunder will confer on any Participant the
right to continue as an Employee or in any other capacity.

 

19.3
Rights as Shareholder. A Participant will become a shareholder with respect to the shares of Common Stock that are purchased
pursuant to options granted under the Plan when the shares are transferred to the Participant’s ESPP Share Account. A Participant
will have no rights as a shareholder with respect to shares of Common Stock for which an election to participate in an Offering
Period has been made until such Participant becomes a shareholder as provided above.

 

19.4
Successors and Assigns. The Plan shall be binding on the Company and its successors and assigns.

 

19.5
Entire Plan. This Plan constitutes the entire plan with respect to the subject matter hereof and supersedes all prior plans
with respect to the subject matter hereof.

 

19.6
Compliance with Law. The obligations of the Company with respect to payments under the Plan are subject to compliance with
all applicable laws and regulations. Common Stock shall not be issued with respect to an option granted under the Plan unless
the exercise of such option and the issuance and delivery of the shares of Common Stock pursuant thereto shall comply with all
applicable provisions of law, including, without limitation, the Securities Act, the Exchange Act, and the requirements of any
stock exchange upon which the shares may then be listed.

 

19.7
Notice of Disqualifying Dispositions. Each Participant shall give the Company prompt written notice of any disposition
or other transfer of shares of Common Stock acquired pursuant to the exercise of an option acquired under the Plan, if such disposition
or transfer is made within two years after the Offering Date or within one year after the Purchase Date.

 

19.8
Term of Plan. The Plan shall become effective on the Effective Date and, unless terminated earlier pursuant to Section
19.9, shall have a term of ten (10) years.

 

19.9
Amendment or Termination. The Committee may, in its sole discretion, amend, suspend or terminate the Plan at any time and
for any reason. If the Plan is terminated, the Committee may elect to terminate all outstanding Offering Periods either immediately
or once shares of Common Stock have been purchased on the next Purchase Date (which may, in the discretion of the Committee, be
accelerated) or permit Offering Periods to expire in accordance with their terms (and subject to any adjustment in accordance
with Section 18). If any Offering Period is terminated before its scheduled expiration, all amounts that have not been used to
purchase shares of Common Stock will be returned to Participants (without interest, except as otherwise required by law) as soon
as administratively practicable.

 

19.10
Applicable Law. The laws of the State of Delaware shall govern all questions concerning the construction, validity and
interpretation of the Plan, without regard to such state’s conflict of law rules.

 

19.11
Shareholder Approval. The Plan shall be subject to approval by the shareholders of the Company within twelve (12) months
before or after the date the Plan is adopted by the Board.

 

19.12
Code Section 423. The Plan is intended to qualify as an employee stock ownership plan under Code section 423. Any provision
of the Plan that is inconsistent with Code section 423 shall be reformed to comply with Code section 423.

 

19.13
Withholding. To the extent required by applicable federal, state or local law, a Participant must make arrangements satisfactory
to the Company for the payment of any withholding or similar tax obligations that arise in connection with the Plan.

 

19.14
Severability. If any provision of the Plan shall for any reason be held to be invalid or unenforceable, such invalidity
or unenforceability shall not affect any other provision hereof, and the Plan shall be construed as if such invalid or unenforceable
provision were omitted.

 

19.15
Headings. The headings of sections herein are included solely for convenience and shall not affect the meaning of any of
the provisions of the Plan.

 

    	 	-6-

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