Document:

EX-10.8

 Exhibit 10.8 

PALANTIR TECHNOLOGIES INC. 

OUTSIDE DIRECTOR COMPENSATION POLICY 

Adopted and approved [_____], and effective as of the Effective Date 

Palantir Technologies Inc. (the “Company”) believes that providing cash and equity compensation to members of its Board
of Directors (the “Board,” and members of the Board, the “Directors”) represents an effective tool to attract, retain and reward Directors who are not employees of the Company (the “Outside
Directors”). This Outside Director Compensation Policy (the “Policy”) is intended to formalize the Company’s policy regarding cash compensation and grants of equity awards to its Outside Directors. Unless otherwise
defined herein, capitalized terms used in this Policy will have the meaning given to such term in the Company’s 2020 Equity Incentive Plan, as amended from time to time (or if such plan no longer is in use at the time of the grant of an equity
award, the meaning given to such term or any similar term in the equity plan then in place under which such equity award is granted) (such applicable plan, the “Plan”). Each Outside Director will be solely responsible for any tax
obligations incurred by such Outside Director as a result of the equity awards and cash and other compensation such Outside Director receives under this Policy. 

Subject to Section 8 of this Policy, this Policy will be effective upon the Registration Date (such date, the “Effective
Date”). 
 1. CASH COMPENSATION 

1.1. Annual Cash Retainers for Service as a Non-Founder Outside Director. Each Outside Director
other than Peter Thiel (each, a “Non-Founder Outside Director”) will be paid a cash retainer of $40,000 per year. There are no per-meeting attendance
fees for attending Board meetings or meetings of any committee of the Board. 
 1.2. Additional Annual Cash Retainers for Service as Lead
Independent Director, Committee Chair and Committee Member. 
 1.2.1. As of the Effective Date, each
Non-Founder Outside Director who serves as the Lead Independent Director or as the chair or a member of a committee of the Board will be eligible to earn additional annual fees as follows: 

 

					
	 Lead Independent Director:
	  	$	25,000	 
	 Audit Committee Chair:
	  	$	25,000	 
	 Member of Audit Committee:
	  	$	12,500	 
	 Compensation, Nominating & Governance Committee Chair:
	  	$	25,000	 
	 Member of Compensation, Nominating & Governance Committee:
	  	$	12,500	 

 For clarity, each Non-Founder Outside Director who serves as the
chair of a committee will receive only the additional annual fee as the chair of the committee and not the additional annual fee as a member of such committee while serving as such chair. 

1.3. Payments. Each annual cash retainer under this Policy will be paid quarterly in arrears on a prorated basis to each Non-Founder Outside Director who has served in the relevant capacity at any point during the immediately preceding fiscal quarter of the Company (“Fiscal Quarter”), and such payment will be made no
later than thirty (30) days following the end of such immediately preceding Fiscal Quarter. For purposes of clarity, a Non-Founder Outside Director who has served as a
Non-Founder Outside Director, as a member of an applicable committee (or chair thereof) or as Lead Independent Director during only a portion of the relevant Fiscal Quarter will receive a prorated payment of
the quarterly payment of the applicable annual cash retainer(s), calculated based on the number of days during such Fiscal Quarter such Non-Founder Outside Director has served in the relevant capacities. For
purposes of clarity, a Non-Founder Outside Director who has served as a Non-Founder Outside Director, as a member of an applicable committee (or chair thereof) or as
Lead Independent Director, as applicable, from the Effective Date through the end of the Fiscal Quarter containing the Effective Date (the “Initial Period”) will receive a prorated payment of the quarterly payment of the applicable
annual cash retainer(s), calculated based on the number of days during the Initial Period that such Non-Founder Outside Director has served in the relevant capacities. 

2. EQUITY COMPENSATION 

Non-Founder Outside Directors will be eligible to receive all types of Awards (except Incentive Stock
Options) under the Plan, including discretionary Awards not covered under this Policy. Peter Thiel (the “Founder Outside Director”) will not receive any Awards under the Plan. All grants of Awards to Non-Founder Outside Directors pursuant to Section 2 of this Policy will be automatic and nondiscretionary, except as otherwise provided herein, and will be made in accordance with the following provisions: 

2.1. No Discretion. No person will have any discretion to select which Non-Founder Outside
Directors will be granted any Awards under this Policy or to determine the number of Shares to be covered by such Awards, except as provided in Sections 2.4.3 and 9 below. 

2.2. Initial Awards. Each individual who first becomes a Non-Founder Outside Director following
the Effective Date will be granted an award of Restricted Stock Units (an “Initial Award”) covering a number of Shares having a Value (as defined below) of $400,000, with any resulting fraction rounded down to the nearest whole
Share. The Initial Award will be granted automatically on the first Trading Day on or after the date on which such individual first becomes a Non-Founder Outside Director (the first date as a Non-Founder Outside Director, the “Initial Start Date”), whether through election by the Company’s stockholders or appointment by the Board to fill a vacancy. If an individual was a member of
the Board and also an employee, becoming a Non-Founder Outside Director due to termination of employment will not entitle the 

  
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Non-Founder Outside Director to an Initial Award. Each Initial Award will be scheduled to vest as follows:
one-third (1/3rd) of the Shares subject to the Initial Award will be scheduled to vest on each of the one (1), two (2), and three (3) year
anniversaries of the Non-Founder Outside Director’s Initial Start Date, in each case subject to the Non-Founder Outside Director continuing to be a Service Provider
through the applicable vesting date. 
 2.3. Annual Award. On the first Trading Day immediately following each Annual Meeting of the
Company’s stockholders (an “Annual Meeting”) that occurs after the Effective Date, each Non-Founder Outside Director will automatically be granted an award of Restricted Stock Units (an
“Annual Award”) covering a number of Shares having a Value of $300,000, with any resulting fraction rounded down to the nearest whole Share; provided, however, that if the Non-Founder Outside
Director’s Initial Start Date occurred after the date of the Annual Meeting (the “Prior Meeting”) that occurred immediately before the Annual Meeting to which the Annual Award relates (the “Current Meeting”),
then the Annual Award granted to such Non-Founder Outside Director will be prorated based on the number of whole months that the individual served as a Non-Founder
Outside Director after the date of the Prior Meeting through the date of the Current Meeting (with any resulting fractional Share rounded down to the nearest whole Share). Each Annual Award will be scheduled to vest on the earlier of (i) the
one (1) year anniversary of the Annual Award’s grant date, or (ii) the day immediately before the date of the next Annual Meeting following the Annual Award’s grant date, in each case, subject to the Non-Founder Outside Director continuing to be a Service Provider through the applicable vesting date. 

2.4. Additional Terms of Initial Awards and Annual Awards. The terms and conditions of each Initial Award and Annual Award will be as
follows: 
 2.4.1. Each Initial Award and Annual Award will be granted under and subject to the terms and conditions of the Plan and the
applicable form of Award Agreement previously approved by the Board or its Compensation, Nominating & Governance Committee, as applicable, for use thereunder. 

2.4.2. For purposes of this Policy, “Value” means the grant date fair value as determined in accordance with U.S. generally
accepted accounting principles, or such other methodology the Board or any committee of the Board designed by the Board with appropriate authority (the “Designated Committee”), as applicable, may determine prior to the grant of the
applicable Award becoming effective. 
 2.4.3. Revisions. The Board or the Designated Committee, as applicable and in its
discretion, may change and otherwise revise the terms of Initial Awards and Annual Awards granted under this Policy, including, without limitation, the number of Shares subject thereto and type of Award. 

3. OTHER COMPENSATION AND BENEFITS 

Non-Founder Outside Directors also may be eligible to receive other compensation and benefits, as may
be determined by the Board or its Designated Committee, as applicable, from time to time. 

  
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 4. CHANGE IN CONTROL

 In the event of a Change in Control, each Outside Director will be treated in accordance with the terms of the Plan. 

5. ANNUAL COMPENSATION LIMIT 

No Non-Founder Outside Director may be granted Awards with Values, and be provided any other
compensation (including without limitation any cash retainers or fees) with amounts that, in any Fiscal Year, in the aggregate, exceed $750,000, provided that such amount is increased to $1,500,000 in the Fiscal Year in which his or her Initial
Start Date occurs. Any Awards or other compensation provided to an individual (a) for his or her services as an Employee, or for his or her services as a Consultant other than as a Non-Founder Outside
Director, or (b) prior to the Effective Date, will be excluded for purposes of the foregoing limits. The Founder Outside Director may not be granted any Awards. 

6. EXPENSES  

Each Outside Director’s reasonable, customary, and properly documented,
out-of-pocket expenses in connection with service on the Board or any committee of the Board will be reimbursed by the Company. 

7. CODE SECTION 409A 

In no event will cash compensation or expense reimbursement payments under this Policy be paid after the later of (a) the fifteenth (15th) day of the third (3rd) month following the end of the Company’s taxable year in which the compensation is earned or expenses are incurred,
as applicable, or (b) the fifteenth (15th) day of the third (3rd) month following the end of the calendar year in which the compensation
is earned or expenses are incurred, as applicable, in compliance with the “short-term deferral” exception under Code Section 409A. It is the intent of this Policy that this Policy and all payments hereunder be exempt or excepted from
or otherwise comply with the requirements of Code Section 409A so that none of the compensation to be provided hereunder will be subject to the additional tax imposed under Code Section 409A, and any ambiguities or ambiguous terms herein
will be interpreted to be so exempt or comply. In no event will the Company Group have any responsibility, liability or obligation to reimburse, indemnify, or hold harmless an Outside Director or any other person for any taxes imposed, or other
costs incurred, as a result of Code Section 409A. 
 8. STOCKHOLDER APPROVAL

 The initial adoption of this Policy will be subject to approval by the Company’s stockholders prior to the Effective Date. Unless
otherwise required by applicable law, following such approval, the Policy will not be subject to approval by the Company’s stockholders, including, for the avoidance of doubt, as a result of or in connection with an action taken with respect to
this Policy as contemplated in Section 9. 

  
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 9. REVISIONS 

The Board may amend, alter, suspend or terminate this Policy at any time and for any reason. No amendment, alteration, suspension or
termination of this Policy will materially impair the rights of an Outside Director with respect to compensation that already has been paid or awarded, unless otherwise mutually agreed in writing between the Outside Director and the Company.
Termination of this Policy will not affect the Board’s or the Designated Committee’s ability to exercise the powers granted to it with respect to Awards granted pursuant to this Policy prior to the date of such termination, including
without limitation such applicable powers set forth in the Plan. 
 10. NO COMPENSATION
PAYABLE UNDER POLICY TO FOUNDER OUTSIDE DIRECTOR 

For the avoidance of doubt, the Founder Outside Director will not receive any cash compensation, equity compensation or other compensation or
benefits under this Policy or otherwise, other than reimbursement of expenses pursuant to Section 6 of this Policy. 

*                *       
         * 

  
 - 5 -Exhibit 10.1

 

EXCHANGE
AGREEMENT

 

This
Exchange Agreement (this “Agreement”) dated this __ day of _________, 2020, by and among OriginClear, Inc., a Nevada
corporation (the “Company”) and _______, an individual (the “Holder”).

 

WHEREAS,
the Holder is the holder of ____ shares of F Preferred Stock (the “Series F Preferred Shares”) of the Company;

 

WHEREAS,
the Company and the Holder desire to have the Holder exchange its Series F Preferred Shares for newly issued shares of Series
Q Preferred Stock of the Company, at a ratio of one share of Series F Preferred Stock for one share of Series Q Preferred Stock
as more particularly set forth below;

 

WHEREFORE,
the parties do hereby agree as follows:

 

1. Effective
upon the execution of this Agreement, the Holder will exchange its Series F Preferred Shares for ___ shares of newly created
Series Q Preferred Stock of the Company (the “Series Q Preferred Shares”), which will have terms set forth in the
form of Certificate of Designation of Series Q Preferred Stock attached as Exhibit A hereto (the “Series Q COD”).
Without limiting the generality of the foregoing, effective upon the execution of this Agreement, the Holder’s Series F
Preferred Shares will automatically be deemed cancelled, and the Company shall issue the Series Q Preferred Shares to the Holder.
The Holder shall promptly execute and deliver any instruction letter or other documentation required or reasonably requested by
the Company and/or the Company’s transfer agent to effectuate the cancellation of the Holder’s Series F Preferred
Shares hereunder.

 

2. The
Holder represents and warrants to the Company that (i) it is the sole record and beneficial owner of the Series F Preferred Shares
and holds such Series F Preferred Shares free and clear of all liens, (ii) it understands that the Series Q Preferred Shares it
will acquire hereunder are restricted securities within the meaning of the Securities Act of 1933, as amended (the “Securities
Act”), have not been registered under the Securities Act or any state securities laws and may not be transferred or sold
except pursuant to an effective registration statement or an available exemption therefrom, (iii) the Holder is an accredited
investor as defined under Rule 501 under the Securities Act, (iv) the Holder has reviewed the Series Q COD and understands that
an investment in the Company and in the Series Q Preferred Shares involves a high degree of risk including, without limitation,
the risks set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”) under the
Securities Exchange Act of 1934, as amended, since January 1, 2019 (the “SEC Reports”) and that (a) the Company will
have no obligation to redeem the Series Q Preferred Shares, but may redeem the Series Q Preferred Shares in its discretion, (b)
the Company may be unable to pay dividends on the Series Q Preferred Shares, and (c) there is no market for the Series Q Preferred
Shares, and (v) the Holder acknowledges that it has had the opportunity to review the SEC Reports.

 

3. This
Agreement constitutes the entire agreement and supersedes all other prior and contemporaneous agreements and undertakings, both
written and oral, among the parties hereto with regard to the subject matter hereof.

 

4. This
Agreement shall be governed by and construed in accordance with the internal laws of the State of New York. Holder and Company
hereby irrevocably submit to the exclusive jurisdiction of any federal or state court located within the County of New York over
any dispute relating to this Agreement and Company and Holder each hereby irrevocably agree that all claims in respect of such
dispute or any suit, action or proceeding related thereto may be heard and determined in such courts.

 

5. This
Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and
shall be binding upon all parties, their successors and assigns, and all of which taken together shall constitute one and the
same Agreement. A signature delivered by facsimile or email shall constitute an original.

 

      

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

 

ORIGINCLEAR, INC.  

 

	By:		 
	Name:	T. Riggs Eckelberry	 
	Title:	Chief Executive Officer	 

 

HOLDER:

 

	By:		 
	Name:		 
	Title:

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