Document:

EXHIBIT 10.29

 

MUNICIPAL MORTGAGE & EQUITY, LLC

2012 NON-EMPLOYEE DIRECTORS’ COMPENSATION PLAN

 

(Effective October 1, 2012)

 

1.           Purpose.
The purpose of this 2012 Non-Employee Directors’ Compensation Plan (the “Plan”) of Municipal Mortgage
& Equity, LLC, a Delaware limited liability company (the “Company”), is to advance the interests of the
Company and its shareholders by providing a means to attract and retain highly qualified persons to serve as non-employee directors
of the Company and to promote ownership by such directors of a greater proprietary interest in the Company, thereby aligning such
directors’ interests more closely with the interests of shareholders of the Company.

 

2.           Definitions.
In addition to terms defined elsewhere in the Plan, the following are defined terms under the Plan:

 

(a)          “Annual
Share Compensation” means that portion of an eligible director’s Total Annual Compensation which is payable in
Shares, Deferred Shares or Options as provided in the Plan.

 

(b)          For
purposes of the Plan, a “Change in Control” shall have occurred if:

 

(i)          Any
“person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, any entity
controlling, controlled by or under common control with the Company, any trustee or other fiduciary holding securities under an
employee benefit plan of the Company or any corporation owned, directly or indirectly, by the shareholders of the Company in substantially
the same proportions as their ownership of shares of the Company), is or becomes the “beneficial owner” (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 25% or more of either
the combined voting power of the Company’s then outstanding voting securities or the then outstanding Shares (in either case,
other than as a result of an acquisition of securities directly from the Company);

 

(ii)         during
any period of two consecutive years, 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 clause (i), (iii), or (iv) of this Section 2(b)) whose election
by the Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors at the beginning of the period or whose election or nomination for election
was previously so approved, cease for any reason to constitute at least a majority of the Board;

 

(iii)        the
shareholders of the Company approve a merger, consolidation, recapitalization, or reorganization of the Company, or a reverse share
split of any class of voting securities of the Company, or the consummation of any such transaction if shareholder approval is
not obtained, other than any such transaction which would result in at least 75% of the total voting power represented by the voting
securities of the Company or the surviving entity outstanding immediately after such transaction being beneficially owned by persons
who together beneficially owned at least 75% of the combined voting power of the voting securities of the Company outstanding immediately
prior to such transaction, with the relative voting power of each such continuing holder compared to the voting power of each other
continuing holder not substantially altered as a result of the transaction; provided that, for
purposes of this paragraph (iii), such continuity of ownership (and preservation of relative voting power) shall be deemed
to be satisfied if the failure to meet such 75% threshold (or to substantially preserve such relative voting power) is due solely
to the acquisition of voting securities by an employee benefit plan of the Company or such surviving entity or of any subsidiary
of the Company or such surviving entity; or

 

    	 

    	 

    

 

(iv)        the
shareholders of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale or
disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a similar effect).

 

Notwithstanding the
foregoing, no event or condition shall constitute a Change in Control to the extent that, if it were, a 20% tax would be imposed
upon or with respect to any award under Section 409A of the Code; provided that, in such a case, the event or condition
shall continue to constitute a Change in Control to the maximum extent possible (e.g., if applicable, in respect of vesting
without an acceleration of distribution) without causing the imposition of such 20% tax.

 

(c)          “Code”
means the Internal Revenue Code of 1986, as amended from time to time. References to any provision of the Code include regulations
thereunder and successor provisions and regulations thereto.

 

(d)          “Deferred
Share” means a credit to a Participant’s deferral account under Section 8 which represents the right
to receive one Share upon settlement of the deferral account. Deferral accounts, and Deferred Shares credited thereto, are maintained
solely as bookkeeping entries by the Company evidencing unfunded obligations of the Company.

 

(e)          “Distribution
Date” means the date or dates on which Deferred Shares will be distributed to the Participant. Distributions may be made
on Separation from Service, death, a specified date, or pursuant to a fixed schedule. The timing of distributions shall be subject
to such limitations as may be required to comply with the provisions of Section 409A of the Code. Notwithstanding the foregoing,
distributions due upon a Separation from Service and death shall be made no later than 90 days after the occurrence of such event.

 

(f)          “Exchange
Act” means the Securities Exchange Act of 1934, as amended. References to any provision of the Exchange Act include the
rules promulgated thereunder and successor provisions and rules thereto.

 

(g)          “Fair
Market Value” of a Share means, as of any given date, (i) if Shares are then listed on a national securities exchange
or quoted or reported on a national quotation system, the closing sales price of a Share on the exchange or system for the applicable
date, or, if such day was not a trading day, the closing sales price for the most recent trading day prior to such date on such
exchange or system, (ii) if Shares are not then listed on a national securities exchanges or quoted on a national quotation system
but are then traded on an over-the-counter market or PORTAL, the closing sales price for the most recent trading day prior to such
date if at least 50,000 shares were traded on such date, and if not, then the average of the closing bid and asked prices for the
Shares in such over-the-counter market or PORTAL for the last preceding date on which there was a sale of such Shares in such market
or PORTAL, or (iii) if Shares are not then listed on a national securities exchange, quoted on a national quotations system or
traded on an over-the-counter market or PORTAL, such value as may be determined by the Board by whatever means or method as to
which the Board, in the good faith exercise of its discretion, shall at such time deem appropriate. For purposes of determining
the average Fair Market Value of a Share during a period of days, only trading days shall be taken into account.

 

(h)          “Fiscal
Quarter” means a fiscal quarter of the Company.

 

    	 

    	 

    

 

(i)          “Option”
means the right, granted to a director under Section 9, to purchase a specified number of Shares at the specified exercise
price for a specified period of time under the Plan. All Options will be non-qualified stock Options.

 

(j)          “Participant”
means any person who, as a non-employee director of the Company, has been granted a Share, Deferred Share or Option which remains
outstanding under the Plan.

 

(k)          “Quarterly
Compensation Amount” shall equal 1/4 of the Total Annual Compensation in effect from time to time.

 

(l)          “Rule 16b-3”
means Exchange Act Rule 16b-3 as from time to time in effect and applicable to the Plan and Participants.

 

(m)          “Separation
from Service” means a Participant’s separation from service with the Company and its subsidiaries. Notwithstanding
the foregoing, with respect to any award that is subject to Section 409A of the Code, Separation from Service shall be interpreted
within the meaning of Section 409A(a)(2)(A)(i) of the Code.

 

(n)          “Share”
means a common share of the Company.

 

(o)          “Total
Annual Compensation” shall be $50,000. The Board may amend this amount from time to time, in its sole discretion.

 

3.           Shares
Available Under the Plan. Subject to adjustment as provided in Section 10, the total number of Shares reserved
and available for issuance under the Plan is 2,000,000. Such Shares may be authorized but unissued Shares, treasury Shares, or
Shares acquired in the market for the account of the Participant. For purposes of the Plan, Shares credited to a Participant’s
deferral account will not be considered to be available, except for purposes of issuance upon the settlement of such account; provided,
however, that, if any Deferred Shares are forfeited, the Shares credited in respect of such Deferred Shares will again be
available for issuance under the Plan.

 

4.           Administration
of the Plan. The Plan will be administered by the Board of Directors of the Company (the “Board”); provided,
however, that any action by the Board relating to the Plan will be taken only if, in addition to any other required vote,
such action is approved by the affirmative vote of a majority of the directors who are not then eligible to participate in the
Plan. The Board shall have authority to (i) determine the number of Shares, Deferred Shares or Options to be credited to each
Participant, and (ii) determine or impose conditions on such Shares, Deferred Shares and Options under the Plan as it may
deem appropriate. The Participant shall take whatever additional actions and execute whatever additional documents the Board may
in its reasonable judgment deem necessary or advisable in order to carry out or effectuate one or more of the obligations or restrictions
imposed on the Participant pursuant to the express provisions of the Plan. In addition, notwithstanding any other provision of
the Plan, the Board shall administer the Plan, and exercise authority and discretion under the Plan, to satisfy the requirements
of Section 409A of the Code or any exemption thereto.

 

5.           Eligibility.
Each individual who, on any date on which Shares, Deferred Shares or Options are to be granted or cash is to be paid under Section
6, is a director of the Company and is not an employee of the Company or any subsidiary
of the Company will be eligible, at such date, for the compensation described in Section 6 (subject to any deferral election
under Section 8), except if, pursuant to an agreement between the individual and the Company, the individual is not eligible
for the Plan. No other person will be eligible to participate in the Plan.

 

    	 

    	 

    

 

6.           Quarterly
Compensation. Compensation for service on the Board shall be paid quarterly to each eligible director, as defined in Section
5 above. Each payment shall be made half in cash and half in Shares, Deferred Shares or
Options, as described in this Section 6.

 

(a)          Cash
Payment. For services during a Fiscal Quarter, each eligible director shall receive a cash payment equal to 50% of the Quarterly
Compensation Amount. Payment with respect to a Fiscal Quarter shall be made on the last day of such Fiscal Quarter (or as soon
as practicable thereafter, but in no event later than the date specified in Treas. Reg. § 1.409A-1(b)(4)(i)).

 

(b)          Shares,
Deferred Shares or Options. For services during a Fiscal Quarter, each eligible director shall be granted Shares, Deferred
Shares or Options having a combined value, as determined under Section 7, 8 or 9 (as applicable) equal to 50% of the Quarterly
Compensation Amount.

 

(c)          Allocation
Among Shares, Deferred Shares and Options. The Board shall determine for each eligible Director, in the fourth quarter of each
year, what percentage (if any) of the Annual Share Compensation for the following year shall be in the form of Options and what
percentage shall be in the form of Shares. Prior to the Board meeting at which the foregoing determination is to be on the agenda,
each eligible Director shall submit to the Board such Director’s proposed allocation. The Board shall hold an Executive Session
in which the Board shall make its determination of the allocation for each eligible Director for the following year, having due
regard for the allocation requested by each eligible Director, the interests of the Company and the interests of the Shareholders.
Individual eligible directors may elect each year to take that portion of the Annual Share Compensation which the Board determines
shall be payable in Shares in the form of either Shares or Deferred Shares (but not both) in accordance with Section 8.

 

7.           Shares.
Unless otherwise elected pursuant to Section 8, all compensation to a director in the form of Shares shall be made in accordance
with this Section 7. Shares shall be earned and vested on the last business day of the Fiscal Quarter to which they relate,
and, unless deferred pursuant to Section 8, shall not be subject to restriction from any voluntary or involuntary sale,
transfer, pledge, anticipation, alienation, encumbrance or assignment, other than those imposed by operation of law. The number
of Shares to be issued shall be the quotient of (a) 50% of the Quarterly Compensation Amount divided by (b) the Applicable Share
Price. The “Applicable Share Price” will be equal to the average Fair Market Value of a Share during the 30-calendar
day period ending on the last business day of such Fiscal Quarter. Shares granted under the Plan may be evidenced in such manner
as the Board shall determine.

 

8.           Deferred
Shares. Each Participant receiving compensation relating to his or her service as a director in the form of Shares, as specified
in Section 6, may elect to receive Deferred Shares in lieu of Shares. If so elected,
payment of Deferred Shares shall be made in accordance with this Section 8. If a Participant elects Deferred Shares for
any given year, all Shares for that year shall be Deferred Shares.

 

(a)          Elections.
Each director who elects to defer payment of Shares awarded for service in a given calendar year under Section 6
and instead elects to receive Deferred Shares for such calendar year must file a written election with the Secretary of the Company,
in the form attached hereto as Exhibit A, no later than December 31 of the year preceding such calendar year; provided,
however, that any newly elected or appointed director may file his or her first election not later than 30 days after the
date such person first became a director (with respect to Shares not earned as of the date of such election). In no event may an
election be made after the last date that such election must be made in order to comply with the provisions of Section 409A
of the Code. Each election may specify a Distribution Date for the Shares to which it pertains. Except as provided under this
Section 8(a), and in Section  8(b) below, an election for a calendar year (or in the case of a new Participant,
the remainder of a calendar year) is irrevocable. An election under this Section  8(a) must specify the following:

 

    	 

    	 

    

 

(i)          In
accordance with the Board’s allocation between Options and Shares under Section 6(c), the percentage of the Shares payable
to the Participant for such calendar year that are to be deferred in the form of Deferred Shares under the Plan; and

 

(ii)         The
Distribution Date for such Deferred Shares. If the Distribution Date is not specified in an initial or annual election, Shares
subject to the election shall be settled 30 days after the Participant’s Separation from Service with the Company. Any
election to be paid upon a cessation of service as a director shall be settled upon a Separation from Service, or as soon as practicable,
but no later than 90 days, thereafter.

 

(b)          Change
in Election. A director may change the Distribution Date with respect to Deferred Shares on an annual basis by making a subsequent
election; provided that the subsequent election must, except as may otherwise be permitted under the rules applicable under
Section 409A of the Code, (A) not be effective for at least one year after such election, or, in the case of payments to commence
at a specific time, be made at least one year before the first scheduled payment and (B) defer the commencement of distributions
(and each affected distribution) for at least five years.

 

An election by a director
shall be deemed to be continuing and therefore applicable to subsequent Plan years both as to the receipt of Shares as Deferred
Shares and as to the Distribution Date unless the director revokes or changes such election for a future year by filing a new election
form by the due date for such form specified in Section 8(a).

 

(c)          Deferred
Share Account. The Company will establish a deferral account for each Participant who elects to receive Deferred Shares under
this Section 8. At any date on which Shares would otherwise be payable to a Participant who has elected to receive
Deferred Shares, the Company will credit such Participant’s deferral account with a number of Deferred Shares equal to the
number of Shares that would have been issued under Section 7 but for the Participant’s election to receive Deferred
Shares. The amount of Deferred Shares so credited shall include any fractional amounts calculated to at least two decimal places.

 

(d)          Crediting
of Dividend Equivalents. Whenever dividends are paid or distributions are made with respect to Shares, a Participant to whom
Deferred Shares are then credited in a deferral account shall be entitled to receive, as dividend equivalents, an amount equal
in value to the amount of the dividend paid or property distributed on a single Share multiplied by the number of Deferred Shares
(including any fractional Share) credited to his or her deferral account as of the record date for such dividend or distribution.
Such dividend equivalents shall be credited to the Participant’s deferral account as a number of Deferred Shares determined
by dividing the aggregate value of such dividend equivalents by the Fair Market Value of a Share at the payment date of the dividend
or distribution. No distributions shall be made with respect to such dividend equivalents until the Participant’s Distribution
Date applicable to the Deferred Shares associated with the dividend equivalents.

 

(e)          Settlement
of Deferred Shares. The Company will settle the Participant’s deferral account by delivering to the Participant (or his
or her beneficiary) a number of Shares equal to the number of whole Deferred Shares then credited to his or her deferral account
(or a specified portion in the event of any partial settlement), together with cash in lieu of any fractional share remaining at
a time when less than one whole Deferred Share is credited to such deferral account. Such settlement shall be made on the Distribution
Date specified or deemed specified in the Participant’s election filed in accordance with this Section 8.

 

    	 

    	 

    

 

(f)          Unforeseen
Emergency. Notwithstanding the foregoing provisions of this Section 8, a Participant may receive any amounts deferred
by the Participant in the event of an “Unforeseeable Emergency.” For these purposes, an “Unforeseeable
Emergency,” as determined by the Board in its sole discretion, is a severe financial hardship of
the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, or the Participant’s
dependent (as defined in Section 152(a) of the Code); loss of the Participant’s property due to casualty; or other similar
extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, but only
where such severe financial hardship is not and may not be relieved (i) through reimbursement or compensation by insurance
or otherwise, or (ii) by liquidation of the Participant’s assets, to the extent the liquidation of such assets would
not itself cause severe financial hardship. The determination of whether a financial hardship constitutes
an Unforeseeable Emergency shall be made in accordance with the provisions of Section 409A(a)(2)(B)(ii) of the Code. The
amount distributed shall be limited to the amount necessary to satisfy the emergency need (which amount may include amounts necessary
to pay federal, state and local income taxes that will be incurred in connection with the distribution). In the event of a distribution
on account of an Unforeseeable Emergency, any deferral election that is in effect on behalf of the Participant for the calendar
year of distribution shall be cancelled.

 

(g)          Nonforfeitability.
The interest of each Participant in any Deferred Shares (and the deferral account relating thereto) at all times will be nonforfeitable.

 

(h)          Compliance
with Section 409A. Notwithstanding anything herein to the contrary, all distributions of Deferred Shares shall be made
in accordance with the provisions of, and so as to avoid to the maximum extent possible the imposition of any tax under, Section 409A
of the Code and the Plan shall be interpreted consistent with this intention.

 

9.           Options.
Each Participant receiving compensation relating to his or her service as a director in the form of Shares, as specified in Section
6, may receive Options in lieu of Shares pursuant to the Board’s determination under
Section 6(c). Payment of Options shall be made in accordance with this Section 9. 

 

(a)          Number
of Options/Valuation Vesting. To the extent the Board determines pursuant to Section 6(c) that a portion of the following year’s
Annual Share Compensation shall be in Options, the number of Options to be awarded in lieu of Shares shall be equal to (i)(A) fifty
percent (50%) of the Total Annual Compensation for the following year divided by (B) the value of an Option on the December 15
immediately following the Board’s determination (or if December 15 is not a trading day, then the last trading day preceding
such December 15) as determined by the Company using any commonly accepted option valuation methodology. The number of Options
so determined for each director shall vest and be delivered to each eligible director in equal fourths on the last day of each
Fiscal Quarter of the year to which the award applies.

 

(b)          Exercise
Price. The exercise price per Share purchasable upon exercise of an Option will be equal to 100% of the Fair Market Value of
a Share on the date of grant of the Option. The grant date shall be the date of the Board meeting at which the Board determines
what portion of the Annual Share Compensation for the following year will be in Options.

 

(c)          Option
Expiration. Each Option granted under the Plan will expire at the earlier of (i) ten years after the date of grant or (ii)
one year after the date the Participant ceases to serve as a director of the Company for any reason.

 

(d)          Exercisability.
No Option may be exercised unless and until it has become exercisable in accordance with this Section 9(d). An Option received
upon initial election will become exercisable on the next anniversary of the director’s initial election; provided,
however, that a Participant’s Option will become immediately exercisable in full at the time the Participant ceases
to serve as a director due to death or disability or upon a Change in Control; and provided further, that a Participant’s
Option may be exercised after the Participant ceases to serve as a director for any reason other than death or disability only
to the extent that the Option was exercisable at the date he or she ceased to be a director or has become exercisable pursuant
to this Section 9(e) within two months after the date he or she ceased to be a director.

 

    	 

    	 

    

 

 

(e)          Method
of Exercise. A Participant may exercise an Option, in whole or in part, at such time as it is exercisable and prior to its
expiration, by giving written notice of exercise to the Secretary of the Company, in the form attached hereto as Exhibit B,
specifying the Options to be exercised and the number of Shares to be purchased, and paying in full the exercise price in cash
(including by check) or by surrender of Shares already owned by the Participant (except for Shares acquired from the Company by
exercise of an Option or other award less than six months before the date of surrender) having a Fair Market Value at the time
of exercise equal to the exercise price, or by a combination of cash and Shares.

 

10.         Adjustment
Provisions.

 

(a)          Corporate
Transactions and Events. In the event any recapitalization, reorganization, merger, consolidation, spin-off, combination, repurchase,
exchange of Shares or other securities of the Company, share split or reverse split, extraordinary dividend (whether in the form
of cash, Shares, or other property), liquidation, dissolution, or other similar corporate transaction or event affects the Shares
such that an adjustment is appropriate in order to prevent dilution or enlargement of each Participant’s rights under the
Plan (which would not include a transaction in which public stockholders retain no interest in the surviving company), then an
adjustment shall be made, in a manner that is proportionate to the change to the Shares and otherwise equitable, in (i) the
number and kind of Shares remaining reserved and available for issuance under Section 3,
(ii) the number and kind of Shares under Section 6, (iii)  Deferred
Shares issued under Section 8, including the number of Shares to be issued upon settlement of Deferred Shares
under Section 8, and (iv) Options issued under Section 9, including the number of Options issued. The foregoing
notwithstanding, no adjustment may be made hereunder except (i) as will be necessary to maintain the proportionate interest of
the Participant under the Plan and to preserve, without exceeding, the value of outstanding Deferred Shares and Options, and (ii)
as will not violate Section 409A of the Code.

 

(b)          Insufficient
Number of Shares. If at any date an insufficient number of Shares are available under the Plan for the receipt of Shares, deferral
of Deferred Shares, or issuance of Options at that date, Shares (including Deferred Shares and Options which have been properly
elected) will be distributed proportionately to each eligible director to the extent Shares are then available.

 

11.         Interpretation
and Other Rules. The Board may make such rules and regulations and establish such procedures for the administration of the
Plan as it deems appropriate. Without limiting the generality of the foregoing, the Board may (i) interpret the Plan and any
agreements under Section 13(a), with such interpretations to be conclusive and binding on all persons and otherwise
accorded the maximum deference permitted by law, provided, that the Board’s interpretation shall not be entitled to
deference on and after a Change in Control except to the extent that such interpretations are made exclusively by members of the
Board who are individuals who served as Board members before the Change in Control, and (ii) take any other actions and make
any other determinations or decisions that it deems necessary or appropriate in connection with the Plan or the administration
or interpretation thereof. In the event of any dispute or disagreement as to the interpretation of the Plan or of any rule, regulation
or procedure, or as to any question, right or obligation arising from or related to the Plan, the decision of the Board shall be
final and binding upon all persons. Except as provided in Section 8 with respect to Deferred Shares, Shares and Options
are not intended to provide for the deferral of compensation subject to Section 409A of the Code and, if any provision of
the Plan is subject to more than one interpretation or construction, such ambiguity shall be resolved in favor of that interpretation
or construction which is consistent with such grants or payments not being subject to the provisions of Section 409A of the
Code. Deferred Shares are subject to Section 409A of the Code.

 

    	 

    	 

    

 

12.         Changes
to the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or authority to grant Shares or to permit
payment of Deferred Shares under the Plan without the consent of shareholders or Participants, except that any amendment or alteration
will be subject to the approval of the Company’s shareholders at or before the next Annual Meeting for which the record date
is after the date of such Board action if such shareholder approval is required by any applicable federal or state law or regulation
or the rules of any stock exchange or automated quotation system as then in effect, and the Board may otherwise determine to submit
other such amendments or alterations to shareholders for approval; provided, however, that, without the consent of
an affected Participant, no such action may materially impair the rights of such Participant with respect to any previous award
of Shares, Deferred Shares or Options, provided, further that no such amendment, discontinuance or termination of
the Plan shall accelerate the time for payment of any Deferred Shares or other amounts subject to Section 409A of the Code
(except to the extent permitted by Section 409A of the Code). For purposes of this Section 12, a termination of the
Plan that involves an accelerated payment of amounts due under the Plan is not considered to materially impair the rights of a
Participant.

 

13.         General
Provisions.

 

(a)          Agreements.
Deferred Shares, Options and any other right or obligation under the Plan may be evidenced by agreements or other documents executed
by the Company and the Participant incorporating the terms and conditions set forth in the Plan, together with such other terms
and conditions not inconsistent with the Plan, as the Board may from time to time approve. Such agreements and documents which
pertain to awards that are subject to Section 409A of the Code shall include such additional terms and conditions as may be required
to satisfy the requirements thereof.

 

(b)          Compliance
with Laws and Obligations. The Company will not be obligated to issue or deliver Shares in connection with any award of Shares,
or in settlement of Deferred Shares, or upon exercise of any Option, in a transaction subject to the registration requirements
of the Securities Act of 1933, as amended, or any other federal or state securities law, any requirement under any listing agreement
between the Company and any stock exchange or automated quotation system, or any other law, regulation, or contractual obligation
of the Company, until the Company is satisfied that such laws, regulations, and other obligations of the Company have been complied
with in full. Certificates representing Shares issued under the Plan will be subject to such stop-transfer orders and other restrictions
as may be applicable under such laws, regulations, and other obligations of the Company, including any requirement that a legend
or legends be placed thereon.

 

(c)          Compliance.
The obligation of the Company to provide Shares under the Plan shall be subject to all applicable laws, rules and regulations,
including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as
may be deemed necessary or appropriate by the Board. The election and settlement of Deferred Shares shall be administered in conformance
with the provisions of Section 409A of the Code. The Board may make such changes to the Plan as may be necessary or appropriate
to comply with the rules and regulations of any government authority or to obtain tax benefits applicable to rights under the Plan.
Notwithstanding any other provision of the Plan, the Company shall not be required to take or permit any action under the Plan
or any agreement under Section 13(a) which, in the good-faith determination of the Company, would result in a material
risk of a violation by the Company of Section 13(k) of the Exchange Act.

 

(d)          Limitations
on Transferability. Deferred Shares and rights relating thereto under the Plan will not be transferable by a Participant except
by will or the laws of descent and distribution (or to a designated beneficiary in the event of a Participant’s death), and
will be exercisable during the lifetime of the Participant only by such Participant or his or her guardian or legal representative.
A Participant may designate a beneficiary by filing with the Company the beneficiary Designation Form attached to the Plan. The
Company may rely upon the beneficiary designation last filed in accordance with this Section 13(d). Deferred Shares
and rights relating thereto under the Plan may not be pledged, mortgaged, hypothecated, or otherwise encumbered, and shall not
be subject to the claims of creditors of any Participant.

 

    	 

    	 

    

 

(e)          No
Fiduciary Relationship. Nothing contained in the Plan and no action taken pursuant to the provisions of the Plan shall create
or shall be construed to create a trust of any kind, or a fiduciary relationship between the Company or its subsidiaries, or their
officers or the Board, on the one hand, and the Participant, the Company, its subsidiaries or any other person or entity, on the
other.

 

(f)          Notices.
All notices under the Plan shall be in writing, and if to the Company, shall be delivered to the Company or mailed to its principal
office, addressed to the attention of the Board; and if to the Participant, shall be delivered personally, sent by facsimile transmission
or mailed to the Participant at the address appearing in the records of the Company. Such addresses may be changed at any time
by written notice to the other party given in accordance with this Section 13(f).

 

(g)          Unfunded
Status of Accounts. With respect to any Shares or payments not yet made to a Participant in respect of Deferred Shares, nothing
contained in the Plan or such Deferred Shares shall give any such Participant any rights that are greater than those of a general
unsecured creditor of the Company; provided, however, that the Committee may authorize the creation of trusts or
make other arrangements to meet the Company’s obligations under the Plan to deliver cash or Shares, which trusts or other
arrangements shall be consistent with the “unfunded” status of the Plan.

 

(h)          Compliance
with Rule 16b-3. It is the intent of the Company that this Plan complies in all respects with applicable provisions of
SEC Rule 16b-3. Accordingly, if any provision of this Plan or any agreement hereunder does not comply with the requirements
of Rule 16b-3 as then applicable to a transaction by a Participant, such provision will be construed or deemed amended to
the extent necessary, to conform to the applicable requirements with respect to such Participant. Notwithstanding anything herein
to the contrary, to the extent any transaction is subject to Section 16 of the Exchange Act, each Participant shall be responsible
for compliance therewith.

 

(i)          No
Right To Continue as a Director. Nothing contained in the Plan or any agreement hereunder will confer upon any Participant
any right to continue to serve as a director of the Company.

 

(j)          No
Shareholder Rights Conferred. Nothing contained in the Plan or any agreement hereunder will confer upon any Participant (or
any person or entity claiming rights by or through a Participant) any rights of a shareholder of the Company unless and until Shares
are in fact issued to such Participant (or person).

 

(k)          Nonexclusivity
of the Plan. Neither the adoption of the Plan by the Board nor any submission thereof to the shareholders of the Company for
approval shall be construed as creating any limitations on the power of the Board to adopt such other compensatory arrangements
for directors as it may deem desirable.

 

(l)          Limitation
of Liability. Each member of the Board shall be entitled to, in good faith, rely or act upon any report or other information
furnished to him by any officer or other employee of the Company or any subsidiary, the Company’s independent certified public
accountants, or any executive compensation consultant, legal counsel, or other professional retained by the Company to assist in
the administration of the Plan. No member of the Board, nor any officer or employee of the Company acting on behalf of the Board,
shall be personally liable for any action, determination, or interpretation taken or made in good faith with respect to the Plan,
and all members of the Board and any officer or employee of the Company acting on behalf of the Board or members thereof shall,
to the extent permitted by, law, be fully indemnified and protected by the Company with respect to any such action, determination,
or interpretation.

 

(m)          Captions.
The use of captions in this Plan is for convenience. The captions are not intended to provide substantive rights.

 

    	 

    	 

    

 

(n)          Governing
Law. The validity, construction, and effect of the Plan and any agreement hereunder will be determined in accordance with the
Delaware Limited Liability Company Act and other laws (including those governing contracts) of the State of Delaware, without giving
effect to principles of conflicts of laws, and applicable federal law.

 

(o)          Tax
Withholding. Prior to the payment or settlement of any award under the Plan, the Participant must pay, or make arrangements
acceptable to the Company for the payment of, any and all federal, state and local tax withholding (including FICA tax) that in
the opinion of the Board is required by law. If the Participant does not make such payment or arrangement, in the Board’s
discretion, the Participant may forfeit the award. The Board shall have the power and the right to deduct or withhold, or require
a Participant to remit to the Company, the minimum statutory amount to satisfy federal, state and local tax withholding (including
FICA tax), required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan. The
Participant shall remain responsible at all times for paying any tax due with respect to any award under the Plan, and the Company
shall not be liable for any interest or penalty that a Participant incurs by failing to make timely payments of tax.

 

14.         Effective
Date and Plan Termination. The Plan will be effective upon the date specified herein upon approval of the Board, subject to
its approval by the shareholders of the Company if such shareholder approval is required by any applicable federal or state law
or regulation or the rules of any stock exchange or automated quotation system as then in effect. Unless earlier terminated by
action of the Board, the Plan will remain in effect until such time as no Shares remain available for issuance under the Plan and
the Company and Participants have no further rights or obligations under the Plan. The Board may (without the approval or consent
of any Participant) elect to settle (and distribute) all Deferred Shares within thirty (30) days prior to, or twelve (12) months
following, a “Change In Control” (as defined for purposes of Section 409A of the Code), provided that all
substantially similar arrangements that are sponsored by the Company which are deemed to be part of a single plan for purposes
of Section 409A of the Code are terminated, and all Deferred Shares are settled within twelve (12) months of the date of termination.
In the event the Plan is terminated, any distribution or settlement of Deferred Shares shall conform to the applicable requirements
of Section 409A of the Code so that each Participant avoids liability under Section 409A.

 

As authorized by the Board: September 14, 2012 

 

    	 

    	 

    

 

Exhibit A

 

MUNICIPAL MORTGAGE & EQUITY, LLC

 

2012 NON-EMPLOYEE DIRECTORS’ COMPENSATION
PLAN

 

Director’s Deferral Election Form

 

Effective Beginning with Calendar Year
________

 

This Election Form sets forth my election
under the 2012 Non-Employee Directors’ Compensation Plan (the Plan) of Municipal Mortgage & Equity LLC (the Company)
regarding voluntary deferral of common shares of the Company (the Shares) that I am awarded under the Plan as compensation for
serving as a Director of the Company.

 

The elections I make below apply to Shares
for services I perform after the year in which I make this election, except that if I am making these elections within 30 days
of first becoming a director, these elections apply to Shares I earn for services performed after I make this election. These elections
will remain in effect until I revoke or change them. An election to receive Deferred Shares cannot be revoked or changed with respect
to Shares I earn for services during the year in which I make the change. My elections can be revoked or changed only with regard
to Shares I earn for services performed in a subsequent calendar year by an election form that I deliver to the Company before
the beginning of that calendar year.

 

		1.	Election regarding voluntary deferral of Shares.

 

_____ I elect to receive all Shares to which I become
entitled under the Plan in the form of Deferred Shares (as that term is defined in the Plan) on the date or dates specified in
Section 2 of this form.

 

		2.	Election as to deferral period

 

I elect to have the Deferred Shares to which I am
entitled as a result of the above election distributed to me on, or beginning on, ______________________ (the Distribution Date)

 

I elect to have those Shares distributed to me as
follows (check one)

 

_____    deliver on the Distribution
Date all the Shares to which I am entitled.

 

_____    deliver the Shares to which
I am entitled in ________ equal annual installments, beginning on the Distribution Date (up to 10 installments permitted), unless
earlier delivery is required for compliance with Section 409A of the Code.

 

		3.	Effect of death, disability, resignation, or separation
from service.

 

If, before the Distribution Date, I cease to be a
director for any reason (such as because I die, because I become disabled or because I resign or am not re-elected), I elect to
have the Shares to which I am entitled distributed to me, or to the persons who are entitled to receive them as a result of my
death, as follows:

 

    	A-1

    	 

    

 

_____    deliver the Shares to which
I am entitled as I elected in Section 2.

 

_____    deliver as promptly as practicable
(and no more than 90 days) after I cease to be a director all the Shares to which I am entitled.

 

_____    deliver the Shares to which
I am entitled in ________ equal annual installments, beginning as promptly as possible (and no more than 90 days) after I cease
to be a director (up to 10 installments permitted), unless earlier delivery is required for compliance with Section 409A of the
Code.

 

However, if I am a specified employee (within the
meaning of Section 409A(2)(B)(i) of the Code) on the date I separate from service, any payment otherwise due within the six months
following my separation from service shall, instead, be paid in the seventh month after my separation from service to the extent
such delay is required by Section 409A(2)(B)(i) of the Code.

 

Acknowledgement and Signature

 

I am aware that the elections above are
being made under the Plan, and that they are governed by the Plan, including the provisions of the Plan relating to Deferred Shares
and deferred share accounts. I acknowledge that those elections and the Plan together constitute an agreement between the Company
and me, which can only be revoked or changed as described above (including the specific limitation on my right to revoke or change
elections to receive Deferred Shares).

 

The elections made above supersede and revoke
any prior elections I made under the Plan or any predecessor Non-Employee Directors’ Share Plan with respect to the Shares
covered by this election.

 

	
	 	

	 	 	 
	(Date)	 	(Signature of Director)
	 	 	 
	
	 	

	 	 	 
	(Social Security No.)	 	(Print Name)

 

    	A-2

    	 

    

 

Date received by the Company

 

	Date received by the Company 	 	

 

Agreement of the Company

 

Municipal Mortgage & Equity, LLC, agrees to honor the elections
made above as valid elections under the Plan to the director who made the elections in accordance with those elections.

 

	 	MUNICIPAL MORTGAGE & EQUITY, LLC
	 	 
	 	By:	

	 	 	 
	 	Name:	

	 	 	 
	 	Title:	

 

    	A-3

    	 

    

 

 

MUNICIPAL MORTGAGE AND EQUITY, LLC

 

2010 NON-EMPLOYEE DIRECTORS’
COMPENSATION PLAN

 

Beneficiary Designation Form

 

Designation of Beneficiaries

 

Pursuant to Section 13(d) of the 2012 Non-Employee
Directors’ Compensation Plan of Municipal Mortgage & Equity, LLC, I designate the following individual(s) as my beneficiary
(or beneficiaries) to receive Shares or amounts that are distributed with regard to my deferral account after my death:

 

First Beneficiary:

 

	_______________________________________, my _______________________________, to receive _______________%
	 	 
	(Name)	(Relationship)

 

	_______________________________________	 
	 	 
	_______________________________________	________________________
	 	 
	(Address)	(Social Security No.)

 

Second Beneficiary:

 

	_______________________________________, my _______________________________, to receive _______________%
	 	 
	(Name)	(Relationship)

   

	_______________________________________	 
	 	 
	_______________________________________	________________________
	 	 
	(Address)	(Social Security No.)

 

Third Beneficiary:

 

	_______________________________________, my _______________________________, to receive _______________%
	 	 
	(Name)	(Relationship)

   

	_______________________________________	 
	 	 
	_______________________________________	________________________
	 	 
	(Address)	(Social Security No.)

 

Note: For This Election to Be Valid, the Percentages Must
Total 100%.

 

(Signatures on next page)

 

    	A-4

    	 

    

 

Spousal agreement

 

I understand that any designation of a
beneficiary other than my spouse must be agreed to by my spouse in the space below.

 

Termination or modification

 

I understand that this beneficiary designation
is terminable and modifiable in accordance with the provisions of the Plan. My making a valid beneficiary designation by delivering
this Beneficiary Designation to the Company supersedes and revokes any prior beneficiary election that I made before I delivered
this Beneficiary Designation to the Company.

 

Signatures

 

	
 

	 	
 

	(Date)	 	(Signature of Director)
	 	 	 
	
 

	 	
 

	 	 	(Print Name)

 

Agreement of Spouse

 

I agree to the beneficiary designation(s)
set forth above on this Beneficiary Designation Form

 

	
 

	 	
 

	(Date)	 	(Signature of Spouse)
	 	 	 
	
 

	 	
 

	 	 	(Print Name of Spouse)

 

Date received by the Company

 

	Date received by the Company 	 	
 

 

    	A-5

    	 

    

 

Exhibit B

 

Corporate Secretary

 

MUNICIPAL MORTGAGE & EQUITY, LLC

 

621 E. Pratt Street, Suite 600

 

Baltimore, Maryland 21202

 

Notice of Exercise of Non-Qualified Stock
Option

 

Under the 2012 Non-Employee Directors’
Compensation Share Plan

 

I hereby elect to purchase _______Common
Shares, no par value (the “Option Shares”), of MUNICIPAL MORTGAGE & EQUITY, LLC (the “Company”)
at the exercise price of $__________ per Option Share.

 

I hereby elect to pay for the Option Shares
as follows (check method(s)):

 

		 ̈	in
cash, by enclosing herewith a certified check, bank cashier’s check, or personal check to the order of the Company in the
amount of $_______; and/or

 

		 ̈	by surrender of _____  Common Shares owned by me for more than six months prior to the date
of exercise (attach the separate stock-for-stock exercise form and any documents required by that form); and/or

 

		 ̈	cashless exercise.

 

This notice of exercise shall be valid only if the tendered
consideration is sufficient to pay the entire exercise price for the purchase of the Option Shares. A certificate representing
the Option Shares to be delivered upon exercise should be issued and delivered as instructed below.

 

	 	 	 
	(Date)	 	(Director’s Signature)

 

    	B-1

    	 

    

 

Director to Complete the Following:

 

Director Address:

 

	 	 	 
	 	 	 
	(Street address)	 	 
	 	 	 
	 	 	 
	(City)                    (State)                  (Zip)	 	 

 

Certificates to be registered

 

in the name(s) of:

 

	 	 	 	 
	 	 	(Social Security Number)	 
	 	 	 	 
	 	 	 	 
	 	 	(Social Security Number)	 

 

Company to Complete the Following:

 

Received by:

 

MUNICIPAL MORTGAGE & EQUITY, LLC

 

		 ̈	$__________ in cash; and

 

		 ̈	______ Common Shares having a Fair Market Value of $__________ on the date hereof; and

 

		 ̈	______ Options having a Fair Market Value of $___________ on the date hereof (cashless exercise).

 

	By:	 	 	 
	 	 	 	 
	 	Name:	 	(Date)
	 	 	 	 
	 	Title:	 	 

 

    	B-2Exhibit 10.11

 

usell.com,
Inc 

2008
Equity Incentive Plan, as amended

  

1.      
    Scope of Plan; Definitions.

 

(a)          This
2008 Equity Incentive Plan (the “Plan”) is intended to advance the interests of Money4Gold Holdings, Inc.
(the “Company”) by enhancing the ability of the Company to attract and retain qualified employees, consultants, Officers,
directors, by creating incentives and rewards for their contributions to the success of the Company. This Plan will provide to
(a) Officers and other employees of the Company opportunities to purchase common stock (“Common Stock”) of the Company
pursuant to Options granted hereunder which qualify as incentive stock options (“ISOs”) under Section 422(b) of the
Internal Revenue Code of 1986 (the “Code”), (b) directors, Officers, employees and consultants of the Company opportunities
to purchase Common Stock in the Company pursuant to options granted hereunder which do not qualify as ISOs (“Non-Qualified
Options”); (c) directors, Officers, employees and consultants of the Company opportunities to receive shares of Common Stock
of the Company which normally are subject to restrictions on sale (“Restricted Stock”); (d) directors, Officers, employees
and consultants of the Company opportunities to receive grants of stock appreciation rights (“SARs”); and (e) directors,
Officers, employees and consultants of the Company opportunities to receive grants of restricted stock units (“RSUs”).
ISOs, Non-Discretionary Options and Non-Qualified Options are referred to hereafter as “Options.” Options, Restricted
Stock, RSUs and SARs are sometimes referred to hereafter collectively as “Stock Rights.” Any of the Options and/or
Stock Rights may in the Compensation Committee’s discretion be issued in tandem to one or more other Options and/or Stock
Rights to the extent permitted by law.

 

This Plan is intended
to comply in all respects with Rule 16b-3 (“Rule 16b-3”) and its successor rules as promulgated under Section 16(b)
of the Securities Exchange Act of 1934 (the “Exchange Act”) for participants who are subject to Section 16 of the Exchange
Act. To the extent any provision of the Plan or action by the Plan administrators fails to so comply, it shall be deemed null and
void to the extent permitted by law and deemed advisable by the Plan administrators. Provided, however, such exercise
of discretion by the Plan administrators shall not interfere with the contract rights of any grantee. In the event that any interpretation
or construction of the Plan is required, it shall be interpreted and construed in order to ensure, to the maximum extent permissible
by law, that such grantee does not violate the short-swing profit provisions of Section 16(b) of the Exchange Act and that any
exemption available under Rule 16b-3 or other rule is available.

 

(b)          For
purposes of the Plan, capitalized words and terms shall have the following meaning:

 

“Board”
means the board of directors of the Company.

 

“Bulletin
Board” shall mean the Over-the-Counter Bulletin Board.

 

“Chairman”
means the chairman of the Board.

 

    	 

    	 

    

  

“Change of
Control” means 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) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange
Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the
Company’s then outstanding voting securities; (ii)  the consummation of the sale or disposition by the Company of all
or substantially all of the Company’s assets in a transaction which requires shareholder approval under applicable state
law; or (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger
or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to
represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent)
at least 50% of the total voting power represented by the voting securities of the Company or such surviving entity or its parent
outstanding immediately after such merger or consolidation.

 

“Code”
shall have the meaning given to it in Section 1(a).

 

“Common Stock”
shall have the meaning given to it in Section 1(a).

 

“Company”
shall have the meaning given to it in Section 1(a) and also includes a corporation which is a subsidiary corporation with respect
to the Company within the meaning of Section 425(f) of the Code.

 

“Compensation
Committee” means the stock option committee of the Board, if any, which shall consist of two or more members of the
Board, each of whom shall be both an “outside director” within the meaning of Section 162(m) of the Code and a “non-employee
director” within the meaning of Rule 16b-3. All references in this Plan to the Compensation Committee shall mean the Board
when (i) there is no Compensation Committee or (ii) the Board has retained the power to administer this Plan.

 

“Disability”
means “permanent and total disability” as defined in Section 22(e)(3) of the Code or successor statute.

 

“Disqualifying
Disposition” means any disposition (including any sale) of Common Stock underlying an ISO before the later of (i) two years
after the date of employee was granted the ISO or (ii) one year after the date the employee acquired Common Stock by exercising
the ISO.

 

“Exchange
Act” shall have the meaning given to it in Section 1(a).

 

“Fair Market
Value” shall be determined as of the Trading Day on or the last Trading Day before the date a Stock Right is granted and
shall mean:

 

(1)         the
closing price on the principal market if the Common Stock is listed on a national securities exchange or the Bulletin Board.

 

    	2

    	 

    

 

(2)         if
the Company’s shares are not listed on a national securities exchange or the Bulletin Board, then the closing price if reported
or the average bid and asked price for the Company’s shares as published by Pink Sheets LLC;

 

(3)         if
there are no prices available under clauses (1) or (2), then Fair Market Value shall be based upon the average closing bid and
asked price as determined following a polling of all dealers making a market in the Company’s Common Stock; or

 

(4)         if
there is no regularly established trading market for the Company’s Common Stock, the Fair Market Value shall be established
by the Board or the Compensation Committee taking into consideration all relevant factors including the most recent price at which
the Company’s Common Stock was sold.

 

“ISO”
shall have the meaning given to it in Section 1(a).

 

“Non-Discretionary
Options” shall have the meaning given to it in Section 1(a).

 

“Non-Qualified
Options” shall have the meaning given to it in Section 1(a).

 

“Officers”
means a person who is an executive officer of the Company and is required to file ownership reports under Section 16(a) of the
Exchange Act.

 

“Options”
shall have the meaning given to it in Section 1(a).

 

“Plan”
shall have the meaning given to it in Section 1(a).

 

“Restricted
Stock” shall have the meaning contained in Section 1(a).

 

“RSU”
shall have the meaning given to it in Section 1(a).

 

“Rule 16b-3”
shall have the meaning given to it in Section 1(a).

 

“SAR”
shall have the meaning given to it in Section 1(a).

 

“Securities
Act” means the Securities Act of 1933.

 

“Stock Rights”
shall have the meaning given to it in Section 1(a).

 

“Trading
Day” shall mean a day on which the New York Stock Exchange is open for business.

 

“Transaction”
has the meaning defined by Section 14(c).

 

    	3

    	 

    

 

2.      
      Administration of the Plan.

 

(a)          The
Plan may be administered by the entire Board or by the Compensation Committee. Once appointed, the Compensation Committee shall
continue to serve until otherwise directed by the Board. A majority of the members of the Compensation Committee shall constitute
a quorum, and all determinations of the Compensation Committee shall be made by the majority of its members present at a meeting.
Any determination of the Compensation Committee under the Plan may be made without notice or meeting of the Compensation Committee
by a writing signed by all of the Compensation Committee members. Subject to ratification of the grant of each Stock Right by the
Board (but only if so required by applicable state law), and subject to the terms of the Plan, the Compensation Committee shall
have the authority to (i) determine the employees of the Company (from among the class of employees eligible under Section 3 to
receive ISOs) to whom ISOs may be granted, and to determine (from among the class of individuals and entities eligible under Section
3 to receive Non-Qualified Options, Restricted Stock, RSUs and SARs) to whom Non-Qualified Options, Restricted Stock, RSUs and
SARs may be granted; (ii) determine when Stock Rights may be granted; (iii) determine the exercise prices of Stock Rights other
than Restricted Stock and RSUs, which shall not be less than the Fair Market Value; (iv) determine whether each Option granted
shall be an ISO or a Non-Qualified Option; (v) determine when Stock Rights shall become exercisable, the duration of the exercise
period and when each Stock Right shall vest; (vi) determine whether restrictions such as repurchase
options are to be imposed on shares subject to or issued in connection with Stock Rights, and the nature of such restrictions,
if any, and (vii) interpret the Plan and promulgate and rescind rules and regulations relating to it. The interpretation and construction
by the Compensation Committee of any provisions of the Plan or of any Stock Right granted under it shall be final, binding and
conclusive unless otherwise determined by the Board. The Compensation Committee may from time to time adopt such rules and regulations
for carrying out the Plan as it may deem best.

 

No members of the Compensation
Committee or the Board shall be liable for any action or determination made in good faith with respect to the Plan or any Stock
Right granted under it. No member of the Compensation Committee or the Board shall be liable for any act or omission of any other
member of the Compensation Committee or the Board or for any act or omission on his own part, including but not limited to the
exercise of any power and discretion given to him under the Plan, except those resulting from his own gross negligence or willful
misconduct.

 

(b)          The
Compensation Committee may select one of its members as its chairman and shall hold meetings at such time and places as it may
determine. All references in this Plan to the Compensation Committee shall mean the Board if no Compensation Committee has been
appointed. From time to time the Board may increase the size of the Compensation Committee and appoint additional members thereof,
remove members (with or without cause) and appoint new members in substitution therefor, fill vacancies however caused or remove
all members of the Compensation Committee and thereafter directly administer the Plan.

 

    	4

    	 

    

 

(c)          Stock
Rights may be granted to members of the Board, whether such grants are in their capacity as directors, Officers or consultants.
All grants of Stock Rights to members of the Board shall in all other respects be made in accordance with the provisions of this
Plan applicable to other eligible persons. Members of the Board who are either (i) eligible for Stock Rights pursuant to the Plan
or (ii) have been granted Stock Rights may vote on any matters affecting the administration of the Plan or the grant of any Stock
Rights pursuant to the Plan.

 

(d)          In
addition to such other rights of indemnification as he may have as a member of the Board, and with respect to administration of
the Plan and the granting of Stock Rights under it, each member of the Board and of the Compensation Committee shall be entitled
without further act on his part to indemnification from the Company for all expenses (including advances of litigation expenses,
the amount of judgment and the amount of approved settlements made with a view to the curtailment of costs of litigation) reasonably
incurred by him in connection with or arising out of any action, suit or proceeding, including any appeal thereof, with respect
to the administration of the Plan or the granting of Stock Rights under it in which he may be involved by reason of his being or
having been a member of the Board or the Compensation Committee, whether or not he continues to be such member of the Board or
the Compensation Committee at the time of the incurring of such expenses; provided, however, that such indemnity
shall be subject to the limitations contained in any Indemnification Agreement between the Company and the Board member or Officer.
The foregoing right of indemnification shall inure to the benefit of the heirs, executors or administrators of each such member
of the Board or the Compensation Committee and shall be in addition to all other rights to which such member of the Board or the
Compensation Committee would be entitled to as a matter of law, contract or otherwise.

 

(e)          The
Board may delegate the powers to grant Stock Rights to Officers to the extent permitted by the laws of the Company’s state
of incorporation.

 

3.           Eligible Employees and Others.

 

(a)          (i)          ISOs
may be granted to any employee of the Company or any Related Corporation. Those Officers and directors of the Company who are not
employees may not be granted ISOs under the Plan. ISOs may not be granted unless this Plan has been
approved by the Company’s shareholders within one year after it has been adopted by the Board.

 

(ii)         Subject
to compliance with Rule 16b-3 and other applicable securities laws, Non-Qualified Options, Restricted Stock, RSUs and SARs may
be granted to any director (whether or not an employee), Officers, employees or consultants of the Company or any Related Corporation.

 

(iii)        The
Compensation Committee may take into consideration a recipient’s individual circumstances in determining whether to grant
an ISO, a Non-Qualified Option, Restricted Stock, RSUs or a SAR. Granting of any Stock Right to any individual or entity shall
neither entitle that individual or entity to, nor disqualify him from participation in, any other grant of Stock Rights.

    	5

    	 

    

 

(b)          All
directors of the Company who are not employees or beneficial owners of 10% or more of the Common Stock of the Company shall automatically
receive the following grant of Non-Qualified Options as appropriate:

 

(i)          Initial
Grants. On the date on which this Plan is approved by the Board or a person is first elected or appointed, whether elected by the
shareholders of the Company or appointed by the Board to fill a Board vacancy, each non-employee director, except Neil McDermott,
shall receive an automatic grant of Non-Qualified Options and Restricted Stock (or RSUs if selected by the director with such delivery
deferral as the director may select) based upon Fair Market Value. In lieu of Restricted Stock or RSUs, the director may elect
to receive Non-Qualified Options for the entire grant.

 

	Qualifying Event	 	Stock Options	 	 	Restricted Stock	 
	Initial appointment as Chairman of the Board	 	$	62,500	 	 	$	62,500	 
	Initial election or appointment of non-employee director	 	$	50,000	 	 	$	50,000	 
	Initial appointment as Chairman of a Committee	 	$	7,500	 	 	$	7,500	 
	Initial appointment as Committee Member	 	$	5,000	 	 	$	5,000	 

 

(ii)         Annual
Grants. On July 1st of each year, each non-employee director shall receive an automatic grant of Non-Qualified Options
and Restricted Stock (or RSUs if selected by the director with such delivery deferral as the director may select) based upon Fair
Market Value. In lieu of Restricted Stock or RSUs, the director may elect to receive Non-Qualified Options for the entire grant.

 

	Qualifying Event	 	Stock Options	 	 	Restricted Stock	 
	Annual grant to Chairman of the Board	 	$	50,000	 	 	$	50,000	 
	Annual grant to non-employee director	 	$	37,500	 	 	$	37,500	 
	Annual grant to a Chairman of a Committee	 	$	5,000	 	 	$	5,000	 
	Annual grant to Committee Member	 	$	3,750	 	 	$	3,750	 

 

(iii)        Vesting.
All initial grants under this Section 3(b) shall vest annually in equal increments over a three-year period following the date
of the automatic grant, subject to service in the capacity in which the grant is received on the applicable vesting dates. Any
fractional vesting shall be rounded up one or two times, as applicable. All annual grants shall vest 12 months following the date
of grant, subject to service with the Company in the capacity in which the grant is received on the applicable vesting dates.

  

(iv)        All
grants of Non-Qualified Options under this Section 3(b) shall be exercisable for a period of five years unless otherwise provided
by the Board.

 

(v)       
All grants of Non-Qualified Options under this Section 3(b) are subject to adjustment under Section 14.

 

(c)          The
exercise price of the Options or SARs under Section 3 shall be Fair Market Value or such higher price as may be established by
the Compensation Committee, the Board or by the Code.

 

    	6

    	 

    

  

4.            Common
Stock. The Common Stock subject to Stock Rights shall be authorized but unissued shares of Common Stock, par value $0.0001,
or shares of Common Stock reacquired by the Company in any manner, including purchase, forfeiture or otherwise. The aggregate number
of shares of Common Stock which may be issued pursuant to the Plan is 8,000,000 subject to adjustment as provided in Section 14.
Any such shares may be issued under ISOs, Non-Qualified Options, Restricted Stock, RSUs or SARs, so long as the number of shares
so issued does not exceed the limitations in this Section. If any Stock Rights granted under the Plan shall expire or terminate
for any reason without having been exercised in full or shall cease for any reason to be exercisable in whole or in part, or if
the Company shall reacquire any unvested shares, the unpurchased shares subject to such Stock Rights and any unvested shares so
reacquired by the Company shall again be available for grants under the Plan.

 

5.            Granting
of Stock Rights.

 

(a)          The
date of grant of a Stock Right under the Plan will be the date specified by the Board or Compensation Committee at the time it
grants the Stock Right; provided, however, that such date shall not be prior to the date on which the Board or Compensation
Committee acts to approve the grant. The Board or Compensation Committee shall have the right, with the consent of the optionee,
to convert an ISO granted under the Plan to a Non-Qualified Option pursuant to Section 17.

 

(b)          Except
for automatic grants under Section 3(b), the Board or Compensation Committee shall grant Stock Rights to participants that it,
in its sole discretion, selects. Stock Rights shall be granted on such terms as the Board or Compensation Committee shall determine
except that ISOs shall be granted on terms that comply with the Code and regulations thereunder.

 

(c)          A
SAR entitles the holder to receive, as designated by the Board or Compensation Committee, cash
or shares of Common Stock, value equal to (or otherwise based on) the excess of: (a) the Fair Market Value of a specified number
of shares of Common Stock at the time of exercise over (b) an exercise price established by the Board
or Compensation Committee. The exercise price of each SAR granted under this Plan shall be established by the Compensation
Committee or shall be determined by a method established by the Board or Compensation Committee
at the time the SAR is granted, provided the exercise price shall not be less than 100% of the Fair Market Value of a share of
Common Stock on the date of the grant of the SAR, or such higher price as is established by the Board
or Compensation Committee. A SAR shall be exercisable in accordance with such terms and conditions and during such periods
as may be established by the Board or Compensation Committee. Shares of Common Stock delivered
pursuant to the exercise of a SAR shall be subject to such conditions, restrictions and contingencies as the Board
or Compensation Committee may establish in the applicable SAR agreement or document, if any. The
Board or Compensation Committee, in its discretion, may impose such conditions, restrictions and contingencies with respect
to shares of Common Stock acquired pursuant to the exercise of each SAR as the Board or Compensation Committee determines to be
desirable. A SAR under the Plan shall be subject to such terms and conditions, not inconsistent with the Plan, as the Board or
Compensation Committee shall, in its discretion, prescribe. The terms and conditions of any SAR to any grantee shall be reflected
in such form of agreement as is determined by the Board or Compensation Committee. A copy of such document, if any, shall be provided
to the grantee, and the Board or Compensation Committee may condition the granting of the SAR on the grantee executing such agreement.

 

    	7

    	 

    

 

 

(d)          An
RSU gives the grantee the right to receive a number of shares of the Company’s Common Stock on applicable vesting or other
dates. Delivery of the RSUs may be deferred beyond vesting as determined by the Board or Compensation Committee. RSUs shall be
evidenced by an RSU agreement in the form determined by the Board or Compensation Committee. With respect to an RSU, which becomes
non-forfeitable due to the lapse of time, the Compensation Committee shall prescribe in the RSU agreement the vesting period. With
respect to the granting of the RSU, which becomes non-forfeitable due to the satisfaction of certain pre-established performance-based
objectives imposed by the Board or Compensation Committee, the measurement date of whether such performance-based objectives have
been satisfied shall be a date no earlier than the first anniversary of the date of the RSU. A recipient who is granted an RSU
shall possess no incidents of ownership with respect to such underlying Common Stock, although the RSU agreement may provide for
payments in lieu of dividends to such grantee.

 

(e)          Notwithstanding
any provision of this Plan, the Board or Compensation Committee may impose conditions and restrictions on any grant of Stock Rights
including forfeiture of vested Options, cancellation of Common Stock acquired in connection with any Stock Right and forfeiture
of profits. Unless otherwise provided for in a grant by the Board, Compensation Committee or Officers, all grants of Stock Rights
shall be subject to the grantee executing the Company’s standard form of Stock Rights Agreement.

 

(f)          The
Options and SARs shall not be exercisable for a period of more than 10 years from the date of grant.

 

6.            Sale
of Shares. The shares underlying Stock Rights granted to any Officers, director or a beneficial owner of 10% or more
of the Company’s securities registered under Section 12 of the Exchange Act shall not be sold, assigned or transferred by
the grantee until at least six months elapse from the date of the grant thereof.

 

7.            ISO
Minimum Option Price and Other Limitations.

 

(a)          The
exercise price per share relating to all Options granted under the Plan shall not be less than the Fair Market Value per share
of Common Stock on the last trading day prior to the date of such grant. For purposes of determining the exercise price, the date
of the grant shall be the later of (i) the date of approval by the Board or Compensation Committee or the Board, or (ii) for ISOs,
the date the recipient becomes an employee of the Company. In the case of an ISO to be granted to an employee owning Common Stock
which represents more than 10 percent of the total combined voting power of all classes of stock of the Company or any Related
Corporation, the price per share shall not be less than 110% of the Fair Market Value per share of Common Stock on the date of
grant and such ISO shall not be exercisable after the expiration of five years from the date of grant.

 

    	8

    	 

    

 

(b)          In
no event shall the aggregate Fair Market Value (determined at the time an ISO is granted) of Common Stock for which ISOs granted
to any employee are exercisable for the first time by such employee during any calendar year (under all stock option plans of the
Company) exceed $100,000. Any ISO or portion thereof which exceeds such limit (according to the order in which they are granted)
shall be treated as a Non-Qualified Option, notwithstanding any contrary provision of the applicable agreement covering the ISO.

 

8.            Duration
of Stock Rights. Subject to earlier termination as provided in Sections 3, 5, 9, 10 and 11, each Option and SAR shall expire
on the date specified in the original instrument granting such Stock Right or this Plan (except with respect to any part of an
ISO that is converted into a Non-Qualified Option pursuant to Section 17), provided, however, that such instrument
must comply with Section 422 of the Code with regard to ISOs and Rule 16b-3 with regard to all Stock Rights granted pursuant to
the Plan to Officers, directors and 10% shareholders of the Company.

 

9.            Exercise
of Options and SARs; Vesting of Stock Rights. Subject to the provisions of Sections 3 and 9 through 13, each Option and SAR
granted under the Plan shall be exercisable as follows:

 

(a)          The
Options and SARs shall either be fully vested and exercisable from the date of grant or shall vest and become exercisable in such
installments as the Board or Compensation Committee may specify.

 

(b)          Once
an installment becomes exercisable it shall remain exercisable until expiration or termination of the Option and SAR, unless otherwise
specified by the Board or Compensation Committee.

 

(c)          Each
Option and SAR or installment, once it becomes exercisable, may be exercised at any time or from time to time, in whole or in part,
for up to the total number of shares with respect to which it is then exercisable.

 

(d)          The
Board or Compensation Committee shall have the right to accelerate the vesting date of any installment of any Stock Right; provided
that the Board or Compensation Committee shall not accelerate the exercise date of any installment of any Option granted to any
employee as an ISO (and not previously converted into a Non-Qualified Option pursuant to Section 17) if such acceleration would
violate the annual exercisability limitation contained in Section 422(d) of the Code as described in Section 7(b).

 

    	9

    	 

    

 

10.           Termination
of Employment or Relationship. Subject to any greater restrictions or limitations as may be imposed by the Board’s Compensation
Committee or Officer upon the granting of any Option or SAR, if an optionee or holder of an SAR ceases to be employed by the Company
or his other relationship with the Company terminates, other than by reason of death or Disability, no further installments of
his Options or SARs shall become exercisable, and his Options or SARs shall terminate as provided for in the grant or on the day
three months after the day of the termination of his employment, whichever is earlier, but in no event later than on their specified
expiration dates. Employment shall be considered as continuing uninterrupted during any bona fide leave of absence (such as those
attributable to illness, military obligations or governmental service) provided that the period of such leave does not exceed 90
days or, if longer, any period during which such optionee’s right to re-employment is guaranteed by statute. A leave of absence
with the written approval of the Board shall not be considered an interruption of employment under the Plan, provided that such
written approval contractually obligates the Company or any Related Corporation to continue the employment of the optionee after
the approved period of absence. Options or SARs granted under the Plan shall not be affected by any change of employment within
or the Company so long as the optionee continues to be an employee of the Company or otherwise continues to perform services for
the Company.

 

11.           Death;
Disability. Subject to any greater restrictions or limitations as may be imposed by the Board or Compensation Committee upon
the granting of any Option or SAR:

 

(a)          If
the holder of an Option or SAR ceases to be employed by the Company by reason of his death, any Options or SARs of such employee
may be exercised to the extent of the number of shares with respect to which he could have exercised it on the date of his death,
by his estate, personal representative or beneficiary who has acquired the Options or SARs by will or by the laws of descent and
distribution, at any time prior to the earlier of the Options’ or SARs’ specified expiration date or one year from
the date of the grantee’s death.

 

(b)          If
the holder of an Option or SAR ceases to be employed by the Company, or a director can no longer perform his duties, by reason
of his Disability, he shall have the right to exercise any Option or SARs held by him on the date of termination of employment
or ceasing to act as a director until the earlier of (i) the Options’ or SARs’ specified expiration date or (ii) one
year from the date of the termination of the person’s employment or ceasing to act as a director.

 

12.          Assignment,
Transfer or Sale.

 

(a)          No
ISO granted under this Plan shall be assignable or transferable by the grantee except by will or by the laws of descent and distribution,
and during the lifetime of the grantee, each ISO shall be exercisable only by him, his guardian or legal representative. 

 

(b)          Except
for ISOs, all Stock Rights are transferable subject to compliance with applicable securities laws and Section 6 of this Plan.

 

13.          Terms
and Conditions of Stock Rights. Stock Rights shall be evidenced by instruments (which need not be identical) in such forms
as the Board or Compensation Committee may from time to time approve. Such instruments shall conform to the terms and conditions
set forth in Sections 5 through 12 hereof and may contain such other provisions as the Board or Compensation Committee deems advisable
which are not inconsistent with the Plan. In granting any Stock Rights, the Board or Compensation Committee may specify that Stock
Rights shall be subject to the restrictions set forth herein with respect to ISOs, or to such other termination and cancellation
provisions as the Board or Compensation Committee may determine. The Board or Compensation Committee may from time to time confer
authority and responsibility on one or more of its own members and/or one or more Officers of the Company to execute and deliver
such instruments. The proper Officers of the Company are authorized and directed to take any and all action necessary or advisable
from time to time to carry out the terms of such instruments.

 

    	10

    	 

    

  

14.          Adjustments
Upon Certain Events.

 

(a)          Subject
to any required action by the shareholders of the Company, the number of shares of Common Stock covered by each outstanding Stock
Right, and the number of shares of Common Stock which have been authorized for issuance under the Plan but as to which no Stock
Rights have yet been granted or which have been returned to the Plan upon cancellation or expiration of a Stock Right, as well
as the price per share of Common Stock (or cash, as applicable) covered by each such outstanding Option or SAR, shall be proportionately
adjusted for any increases or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock
split, stock dividend, combination or reclassification of Common Stock, or any other increase or decrease in the number of issued
shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion
of any convertible securities of the Company or the voluntary cancellation whether by virtue of a cashless exercise of a derivative
security of the Company or otherwise shall not be deemed to have been “effected without receipt of consideration.”
Such adjustment shall be made by the Board or Compensation Committee, whose determination in
that respect shall be final, binding and conclusive.  Except as expressly provided herein, no issuance by the Company of shares
of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof
shall be made with respect to, the number or price of shares of Common Stock subject to a Stock Right. No adjustments shall be
made for dividends or other distributions paid in cash or in property other than securities of the Company.

 

(b)          In
the event of the proposed dissolution or liquidation of the Company, the Board or Compensation
Committee shall notify each participant as soon as practicable prior to the effective date of such proposed transaction. To the
extent it has not been previously exercised, a Stock Right will terminate immediately prior to the consummation of such proposed
action.

 

(c)          In
the event of a merger or consolidation of the Company with or into another corporation or the sale of all or substantially all
of the Company’s assets in a transaction requiring shareholder approval (either, a “Transaction”), each outstanding
Stock Right shall be assumed (as defined below) or an equivalent option or right substituted by the successor corporation or a
parent or subsidiary of the successor corporation.  In the event that the successor corporation refuses to assume or substitute
for the Stock Rights and in the event of a Change of Control or Transaction, the participants shall fully vest in and have the
right to exercise their Stock Rights as to which it would not otherwise be vested or exercisable.  If a Stock Right becomes
fully vested and exercisable in lieu of assumption or substitution as the result of a Change of Control or Transaction, the Board
or Stock Option Committee shall notify the participant in writing or electronically that the Stock Right shall be fully
vested and exercisable for a period of at least 15 days from the date of such notice, and any Options or SARs shall terminate one
minute prior to the closing of the Transaction. For a Change in Control, the Stock Right shall remain exercisable as long as permitted
in the Stock Rights Agreement.

 

    	11

    	 

    

  

For the purposes of
this Section 14(c), the Stock Right shall be considered “assumed” if, following the merger, the option or right confers
the right to purchase or receive, for each share of Common Stock subject to the Stock Right immediately prior to the merger, the
consideration (whether stock, cash, or other securities or property) received in the merger by holders of Common Stock for each
share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration
chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received
in the merger is not solely common stock of the successor corporation or its parent, the Board or Compensation
Committee may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of
the Stock Right, for each share of Common Stock subject to the Stock Right, to be solely common stock of the successor corporation
or its parent equal in Fair Market Value to the per share consideration received by holders of Common Stock in the merger.

 

(d)          Notwithstanding
the foregoing, any adjustments made pursuant to Section 14(a), (b) or (c) with respect to ISOs shall be made only after the Board
or Compensation Committee, after consulting with counsel for the Company, determines whether such adjustments would constitute
a “modification” of such ISOs (as that term is defined in Section 425(h) of the Code) or would cause any adverse tax
consequences for the holders of such ISOs. If the Board or Compensation Committee determines
that such adjustments made with respect to ISOs would constitute a modification of such ISOs it may refrain from making such adjustments.

 

(e)          No
fractional shares shall be issued under the Plan and the optionee shall receive from the Company cash in lieu of such fractional
shares.

 

15.         Means
of Exercising Stock Rights.

 

(a)          An
Option or SAR (or any part or installment thereof) shall be exercised by giving written notice to the Company at its principal
office address. Such notice shall identify the Stock Right being exercised and specify the number of shares as to which such Stock
Right is being exercised, accompanied by full payment of the exercise price therefor (to the extent it is exercisable in cash)
either (i) in United States dollars by check or wire transfer; or (ii) at the discretion of the Board or Compensation Committee,
through delivery of shares of Common Stock having a Fair Market Value equal as of the date of the exercise to the cash exercise
price of the Stock Right; or (iii) at the discretion of the Board or Compensation Committee, by any combination of (i) and (ii)
above. If the Board or Compensation Committee exercises its discretion to permit payment of the exercise price of an ISO by means
of the methods set forth in clauses (ii) or (iii) of the preceding sentence, such discretion need not be exercised in writing at
the time of the grant of the Stock Right in question. The holder of a Stock Right shall not have the rights of a shareholder with
respect to the shares covered by his Stock Right until the date of issuance of a stock certificate to him for such shares. Except
as expressly provided above in Section 14 with respect to changes in capitalization and stock dividends, no adjustment shall be
made for dividends or similar rights for which the record date is before the date such stock certificate is issued.

 

    	12

    	 

    

 

(b)          Each
notice of exercise shall, unless the shares of Common Stock are covered by a then current registration statement under the Securities
Act, contain the holder’s acknowledgment in form and substance satisfactory to the Company that (i) such shares are being
purchased for investment and not for distribution or resale (other than a distribution or resale which, in the opinion of counsel
satisfactory to the Company, may be made without violating the registration provisions of the Securities Act), (ii) the holder
has been advised and understands that (1) the shares have not been registered under the Securities Act and are “restricted
securities” within the meaning of Rule 144 under the Securities Act and are subject to restrictions on transfer and (2) the
Company is under no obligation to register the shares under the Securities Act or to take any action which would make available
to the holder any exemption from such registration, and (iii) such shares may not be transferred without compliance with all applicable
federal and state securities laws. Notwithstanding the above, should the Company be advised by counsel that issuance of shares
should be delayed pending registration under federal or state securities laws or the receipt of an opinion that an appropriate
exemption therefrom is available, the Company may defer exercise of any Stock Right granted hereunder until either such event has
occurred.

 

16.          Term, Termination and Amendment.

 

(a)          This
Plan was adopted by the Board. This Plan may be approved by the Company’s shareholders within one year from the date of Board
approval, which approval is required for ISOs, or on a later date.

 

(b)          The
Board may terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on October 20, 2018. No Stock Rights
may be granted under the Plan once the Plan is terminated. Termination of the Plan shall not impair rights and obligations under
any Stock Right granted while the Plan is in effect, except with the written consent of the grantee.

 

(c)          The
Board at any time, and from time to time, may amend the Plan. Provided, however, except as provided in Section 14
relating to adjustments in Common Stock, no amendment shall be effective unless approved by the shareholders of the Company to
the extent (i) shareholder approval is necessary to satisfy the requirements of Section 422 of the Code or (ii) required by the
rules of the principal national securities exchange or trading market upon which the Company’s Common Stock trades. Rights
under any Stock Rights granted before amendment of the Plan shall not be impaired by any amendment of the Plan, except with the
written consent of the grantee.

 

(d)          The
Board at any time, and from time to time, may amend the terms of any one or more Stock Rights; provided, however,
that the rights under the Stock Right shall not be impaired by any such amendment, except with the written consent of the grantee.

 

    	13

    	 

    

 

17.         Conversion
of ISOs into Non-Qualified Options; Termination of ISOs. The Board or Compensation Committee,
at the written request of any optionee, may in its discretion take such actions as may be necessary to convert such optionee’s
ISOs (or any installments or portions of installments thereof) that have not been exercised on the date of conversion into Non-Qualified
Options at any time prior to the expiration of such ISOs, regardless of whether the optionee is an employee of the Company or a
Related Corporation at the time of such conversion. Provided, however, the Board or Compensation
Committee shall not reprice the Options or extend the exercise period or reduce the exercise price of the appropriate installments
of such Options without the approval of the Company’s shareholders. At the time of such conversion,
the Board or Compensation Committee (with the consent of the optionee) may impose such conditions on the exercise of the resulting
Non-Qualified Options as the Board or Compensation Committee in its discretion may determine, provided that such conditions shall
not be inconsistent with this Plan. Nothing in the Plan shall be deemed to give any optionee the right to have such optionee’s
ISOs converted into Non-Qualified Options, and no such conversion shall occur until and unless the Board or Compensation Committee
takes appropriate action. The Compensation Committee, with the consent of the optionee, may also terminate any portion of any ISO
that has not been exercised at the time of such termination.

 

18.         Application
of Funds. The proceeds received by the Company from the sale of shares pursuant to Options or SARS (if cash settled) granted
under the Plan shall be used for general corporate purposes.

 

19.         Governmental
Regulations. The Company’s obligation to sell and deliver shares of the Common Stock under this Plan is subject to the
approval of any governmental authority required in connection with the authorization, issuance or sale of such shares.

 

20.         Withholding
of Additional Income Taxes. In connection with the granting, exercise or vesting of a Stock Right or the making of a Disqualifying
Disposition the Company, in accordance with Section 3402(a) of the Code, may require the optionee to pay additional withholding
taxes in respect of the amount that is considered compensation includable in such person’s gross income.

 

To the extent that
the Company is required to withhold taxes for federal income tax purposes as provided above, if any optionee may elect to satisfy
such withholding requirement by (i) paying the amount of the required withholding tax to the Company; (ii) delivering to the Company
shares of its Common Stock (including shares of Restricted Stock) previously owned by the optionee; or (iii) having the Company
retain a portion of the shares covered by an Option exercise. The number of shares to be delivered to or withheld by the Company
times the Fair Market Value of such shares shall equal the cash required to be withheld.

 

21.         Notice
to Company of Disqualifying Disposition. Each employee who receives an ISO must agree to notify the Company in writing immediately
after the employee makes a Disqualifying Disposition of any Common Stock acquired pursuant to the exercise of an ISO. If the employee
has died before such stock is sold, the holding periods requirements of the Disqualifying Disposition do not apply and no Disqualifying
Disposition can occur thereafter.

 

22.         Continued
Employment. The grant of a Stock Right pursuant to the Plan shall not be construed to imply or to constitute evidence of any
agreement, express or implied, on the part of the Company to retain the grantee in the employ of the Company, as a member of the
Company’s Board or in any other capacity, whichever the case may be.

 

    	14

    	 

    

 

23.         Governing
Law; Construction. The validity and construction of the Plan and the instruments evidencing Stock Rights shall be governed
by the laws of Delaware. In construing this Plan, the singular shall include the plural and the masculine gender shall include
the feminine and neuter, unless the context otherwise requires.

 

24.         Compliance
with Section 409A of the Code. To the extent that the Board or the Compensation Committee determines that any Stock
Right granted under this Plan is subject to Section 409A of the Code, the agreement evidencing such Stock Right shall incorporate
the terms and conditions required by Section 409A of the Code. To the extent applicable, this Plan and the Stock Right agreement
shall be interpreted in accordance with Section 409A of the Code. Notwithstanding any provision of this Plan to the contrary, in
the event that, the Board or the Compensation Committee determines that any Stock Right may be subject to Section 409A of the Code,
the Board or the Compensation Committee may adopt such amendments to this Plan and the applicable Stock Right agreement or adopt
other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions,
that the Board or the Compensation Committee determines are necessary or appropriate to (i) exempt the Stock Right from Section
409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Stock Right, or (ii) comply
with the requirements of Section 409A of the Code.

 

25.         Forfeiture
of Stock Rights. Notwithstanding any other provision of this Plan, if provided for in a written agreement issuing Stock Rights
all vested Stock Rights shall be immediately forfeited at the option of the Board in the event of:

 

(a)          Termination
for any reason including without cause and including, but not limited to, fraud, theft, employee dishonesty and violation of Company
policy;

 

(b)          Purchasing
or selling securities of the Company without written authorization in accordance with the Company’s inside information guidelines
then in effect;

 

(c)          Breaching
any duty of confidentiality including that required by the Company’s inside information guidelines then in effect;

 

(d)          Competing
with the Company;

 

(e)          Being
unavailable for consultation after leaving the Company’s employ if such availability is a condition of any agreement between
the Company and the Employee;

 

(f)          Recruitment
of Company personnel after termination of employment, whether such termination is voluntary or for cause;

 

(g)          Failure
to assign any invention or technology to the Company if such assignment is a condition of employment or any other agreements between
the Company and the Employee; or

 

    	15

    	 

    

 

(h)          A
finding by the Company’s Board that the Employee has acted against the interests of the Company.

 

Removal of an Officer
or director by the Board or shareholders, as applicable, shall not constitute termination within the meaning of Section 25(a).

 

The Board or the Compensation
Committee may impose other forfeiture restrictions which are more or less restrictive and require a return of profits from the
sale of Common Stock as part of said forfeiture provisions if such forfeiture provisions and/or return of provisions are contained
in a Stock Rights or similar agreement.

 

    	16

    	 

    

 

Money4Gold Holdings, Inc.

Amendment to the 2008 Equity Incentive
Plan

 

Money4Gold Holdings, Inc. amends its 2008 Equity Incentive Plan
(the “Plan”) as follows:

 

Section 4 of the Plan shall be deleted
and replaced by the following:

 

4.          Common
Stock. The Common Stock subject to Stock Rights shall be authorized but unissued shares of Common Stock, par value $0.0001,
or shares of Common Stock reacquired by the Company in any manner, including purchase, forfeiture or otherwise. The aggregate number
of shares of Common Stock which may be issued pursuant to the Plan is 27,000,000 subject to adjustment as provided in Section 14.
Any such shares may be issued under ISOs, Non-Qualified Options, Restricted Stock, RSUs or SARs, so long as the number of shares
so issued does not exceed the limitations in this Section. If any Stock Rights granted under the Plan shall expire or terminate
for any reason without having been exercised in full or shall cease for any reason to be exercisable in whole or in part, or if
the Company shall reacquire any unvested shares, the unpurchased shares subject to such Stock Rights and any unvested shares so
reacquired by the Company shall again be available for grants under the Plan.

 

    	17

    	 

    

 

Upstream Worldwide, Inc.

Second Amendment to the 2008 Equity Incentive
Plan

 

Upstream Worldwide, Inc. amends its 2008 Equity Incentive Plan
by deleting Section 3(b) and re-lettering Section 3(c) as Section 3(b).

 

    	18

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