Document:

EX-10.3

 Exhibit 10.3 

As of March 16, 2012 
 Shared
Executive Agreement 
  

			
	Between:	  	FilmOn.TV Networks Inc (Client, Company, FilmOn)
		  	301 N Canon Dr., Suite 208
		  	Beverly Hills, CA, 90210
		  	USA
		
	and	  	Tamalpais Finance LLC (Consultant)
		  	76 Tamalpais Road
		  	Kentfield, California 94904
		  	USA

 Client hereby engages Consultant to provide personal services and assistance with the corporate operations of the Client and
its Affiliates, including but not limited to “FilmOn.TV Networks”, “FilmOn.com Pic”, “FilmOn.com Inc”; “FilmOn.TV Inc”, “Battlecam.com”; “FilmOn Mobile Inc.”; Interactive Artist Management;
“9021go Inc”; “FilmOn Labs”; and related initiatives referred to as the “Business Opportunity”. 
 The Consultant nominates as
its “Nominated Executive” and the Client accepts and accepts only Peter Van Pruissen to be eligible to act as “Director” of the Client and otherwise to roles including but not limited to “Chief Financial Officer’ of the
Client and their business initiatives and those of their Affiliates and to perform the “Duties” contemplated by this Agreement. 
 The Nominated
Executive will report to the Chairman of FilmOn.TV Networks. 
  

	 	1.	Duties 

 The Chief Financial Officer (CFO) provides both operational and programmatic
support to the organization. The CFO supervises the finance unit and is the chief financial spokesperson for the organization The CFO reports directly to the Chairman and directly assists the Senior Vice President (SVP), Chief Operating Officer
(COO) and Senior Vice-Presidents of Programming on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding. 

KEY RESPONSIBILITIES 
  

	 	a	Assist in performing all tasks necessary to achieve the organization’s mission and help execute staff succession and growth plans; 

 

	 	b	Assist with the Company’s capital raising including participation in investor shows and other activities relating to the public listing of the Company; 

 

	 	c	Train the Finance Department and other staff on raising awareness and knowledge of financial management matters; 

	 	d	Work with the Chairman, SVP, COO, SVPs of Programming and all other staff on the strategic vision including fostering and cultivating stakeholder relationships on city, state, and national levels, as well as assisting
in the development and negotiation of contracts; 

  

	 	e	Participate in developing new business, specifically: assist the CEO, SVP and COO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of
prospective service delivery; 

  

	 	f	Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters; 

  

	 	g	Ensure adequate controls are installed and that substantiating documentation is approved and available such that all transactions may pass independent and governmental audits; 

 

	 	h	Provide the SVP, COO and SVPs of Programming with an operating budget Work with the SVP & COO to ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic
requirements. This includes: 1) interpreting legislative and programmatic rules and regulations to ensure compliance with all federal, state, local and contractual guidelines, 2) ensuring that all government regulations and requirements are
disseminated to appropriate personnel, and 3) monitoring compliance; 

  

	 	i	Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and
monitoring of organizational and contract budgets; 

  

	 	j	Oversee all purchasing and payroll activity for staff and participants; 

  

	 	k	Develop and maintain systems of internal controls to safeguard financial assets of the organization Oversee the coordination and activities of independent auditors ensuring all A-133 audit issues are resolved, and all
403(b) compliance issues are met, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information; 

 

	 	l	Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee; 

  

	 	m	Monitor banking activities of the organization; 

  

	 	n	Ensure adequate cash flow to meet the organization’s needs; 

  

	 	o	Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals; 

 

	 	p	Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the
Audit/Finance Committee and Board of Directors; 

  

	 	q	Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff; 

	 	r	Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place; 

  

	 	s	Oversee business insurance plans and health care coverage analysis; 

  

	 	t	Oversee the maintenance of the inventory of all fixed assets (computers, etc.). 

  

	 	2.	Targets 

 Performance by the Consultant will be judged in relation to Client’s
progress to its agreed Business Plans and Financial Forecasts. 
  

	 	3.	Fees 

  

	 	3.1.	As consideration for performance of its Duties hereunder Consultant shall receive the “Initial Retainer Fee” from the date of this Agreement for the duration of the Initial Term. The Initial Retainer Fee shall
be paid monthly, two weeks in arrears, two weeks in advance in the amount: 

  

	 	•	 	US$5,000 per month 

  

	 	3.2.	As consideration for performance of its Duties hereunder during the Initial Term Consultant shall be paid a “Success Fee” contingent upon the Client upon Company completing a “Minimum Corporate
Financing” of no less than $5,000,000 during the Initial Term, calculated as: 

  

	 	•	 	US$30,000 

  

	 	3.3.	As consideration for performance of its Duties hereunder Consultant shall receive the “Extended Term Retainer Fee” from the date of this Agreement should the Client exercise its option for the Extended Term.
The Extended Term Retainer Fee shall be paid monthly, two weeks in arrears, two weeks in advance in the amount: 

  

	 	•	 	US$10,000 per month 

  

	 	3.4.	The amount of the Retainer Fee shall increase to $15,000 per month on that date twelve (12) months from the date of this agreement for the duration of the Term. 

 

	 	3.5.	As consideration for Consultant’s performance of its Duties hereunder, Consultant shall receive the following “Equity Payment” of Shares in the Client: 

 

	 	•	 	500,000 Shares in FilmOn.TV Networks Inc. equal to one half percent (0.5%) of the fully diluted voting issued capital of FilmOn.TV Networks Inc. as calculated at the date of this Agreement and allotted to the Consultant
within seven (7) days of this Agreement. 

 Consultant’s Shares in the Client shall be subject to the “Vesting Schedule” at
Schedule A. Issuance of the shares shall be in accordance with all applicable securities laws. 
  

	 	3.6.	The Consultant shall be reimbursed or advanced funds to cover all travel expenses approved prior by the Chairman or otherwise reasonably incurred in discharging the Duties. 

 

	 	3.7.	The Consultant shall be reimbursed or advanced funds to cover all expenses provided for by any agreed Budget or otherwise authorized prior by the Chairman or by another appropriate authority of the Client.

  

	 	4.	Terms & Conditions of Consultancy 

  

	 	4.1.	During the Term and for a period of two (2) years thereafter and excluding the Consultant’s other Contractual Commitments set-out at Schedule B of this Agreement, the Consultant will not, directly or
indirectly: solicit or request any Consultant of or consultant to the Client to leave the employ of or cease consulting for the Client; solicit or request any Consultant of or consultant to the Client to join the employ of, or begin consulting for,
any individual or entity that researches, develops, markets or sells products that compete with those of the Client; solicit or request any individual or entity that researches, develops, markets or sells products that compete with those of the
Client, to employ or retain as a consultant any Consultant or consultant of the Client; or induce or attempt to induce any supplier or vendor of the Client to terminate or breach any written or oral agreement or understanding with the Client.

  

	 	4.2.	For a period of two (2) years following the Date of this Agreement, Consultant shall not, without the prior written consent of Client, which consent Client may withhold at their sole discretion, (a) utilize
any Confidential Information to circumvent or compete with Client in relation to the FilmOn Business Plans, or (b) utilize information lawfully furnished or disclosed to Client by a non-party to this Agreement without any obligation of
confidentiality and through no wrongful act of the recipient Party, or information independently developed by Client relative to the FilmOn Business Plan, to circumvent or compete with Client on the FilmOn Business Plan. 

 

	 	5.	Status of Consultant 

 Consultant shall at all times contemplated herein be considered
an independent contractor of the Client. The Consultant shall not be deemed an agent, partner or joint venturer of Client for any purpose whatsoever, and Consultant shall have no authority to bind or act on behalf of Client. Consultant shall be
responsible for, and agrees to comply with, obligations under federal and state tax laws for payment of income and, if applicable, self-employment tax. Further, to the fullest extent permitted by the taws of the State of California and the United
States, Consultant forever waives any claims, rights or privileges they may have as against Client pursuant to any Labor Codes or Statutes including, but not limited to the Americans with Disabilities Act and any other similar provisions. 

	 	6.	Indemnities 

  

	 	6.1.	Client will respectively indemnify Consultant for any third party claims made against Consultant during the Term hereof and for twelve (12) months thereafter arising in connection with the FilmOn Business Plan,
except to the extent that such claim arises from the negligence or willful wrongdoing of Consultant. Consultant shall indemnify and hold Client and its principals harmless from any and all claims, causes, costs and fees (including but not limited to
attorney’s fees) that arise as a result Consultant’s breach of its Duties, any materials created by Consultant, or any other misconduct of Consultant in connection with its Duties hereunder. As a condition to Client’s obligations to
indemnify Consultant, Consultant shall provide prompt written notice of such claim to Client (the “Indemnitor”) and shall allow the Indemnitor to defend any such claim using counsel of its choice. The Indemnitor shall not settle any such
claim without the express written consent of the Indemnitee, such consent not to be unreasonably withheld. 

  

	 	7.	Covenant Not to Compete 

  

	 	7.1.	For good consideration and as an inducement for Client to engage Consultant, if such engagement is terminated for Cause, Consultant shall not compete, for a period of two years after the end of the Term of this
Agreement, engage directly or indirectly, either personally or as an Consultant, associate partner, partner, manager, agent, or otherwise, or by means of any corporate or other device, in business related to the Business Opportunity within in the
USA and any other Territory to which the Business Opportunity has extended: nor shall Consultant for such period and in such localities solicit orders, directly or indirectly, from any customers of the Client, or from any customers of its successor,
for such products as are sold by Company or its successor, either for (himself or herself) or as an Consultant of any person, firm, or corporation. 

  

	 	7.2.	The term “not compete” as used herein shall mean that the Consultant shall not own, manage, operate, consult or to be engaged or employed in a business substantially similar to, or competitive with, the
present business of the Company or such other business activity in which the Company may substantially engage during the term of employment. 

  

	 	7.3.	On the termination of the Consultant’s employment with the Client for any reason, the Consultant will not solicit any customer of the Client that was a customer of the Company during the course of the
Consultant’s employment with the Client, whether or not still a customer of the Client and whether or not knowledge of the customer is considered confidential information, or in any way aid and assist any other person to solicit any such
customer for a period of two years from the date of termination of the Consultant’s employment. 

	 	7.4.	This Clause 7 shall not apply if Consultant is terminated without Cause. 

  

	 	8.	Trade Secrets 

 The Consultant acknowledges that the Client shall or may in reliance of
this agreement provide Consultant access to trade secrets, customers and other confidential data and good will. Consultant agrees to retain said information as confidential and not to use said information on his or her own behalf or disclose same to
any third party. The Consultant will take necessary actions to keep the Client’s business secrets, including but not limited to customer, supplier, logistical, financial, research and development information, confidential and not to disclose
the Client’s business secrets to any third party during and after the term of the Consultant’s engagement. 
  

	 	9.	Intellectual Property & Confidentiality 

  

	 	9.1.	Those “Concepts and Ideas” disclosed by the Client to Consultant or which are developed by Consultant during the course of the performance of the Duties hereunder and which relate to the Client’s present,
past or prospective business activities, services, and products, shall remain the sole and exclusive property of the Client. For further clarity, the results and proceeds of Consultant’s services contemplated hereunder shall be deemed
“works-made-for-hire” commissioned for the benefit of Client as that term is commonly defined pursuant to United States Copyright Law. Should any of the results and proceeds of Consultant’s services hereunder not be deemed
“works-made-for-hire”, the Consultant hereby grants to Client an exclusive, irrevocable, perpetual license to such. 

  

	 	9.2.	For the purposes of this Agreement, Confidential Information shall mean and collectively include: all information relating to the business, plans and/or technology of the Client including, but not limited to technical
information including inventions, methods, plans, processes, specifications, characteristics, assays, raw data, scientific data, records, databases, formulations, protocols, equipment design, know-how, experience, and trade secrets; developmental,
marketing, sales, customer, supplier, consulting relationship information, operating, performance, and cost information; computer programming techniques whether in tangible or intangible form, and all record bearing media containing or disclosing
the foregoing information and techniques including, written business plans, patents and patent applications, grant applications, notes, and memoranda, whether in writing or presented, stored or maintained in or by electronic, magnetic, or other
means. 

  

	 	9.3.	Notwithstanding the foregoing, the term “Confidential Information” shall not include any information which: (a) can be demonstrated to have been lawfully in the public domain or was publicly known or
available prior to the date of the disclosure to Consultant; (b) can be demonstrated in writing to have been rightfully in the possession of Consultant prior to the disclosure of such information to Consultant by the Client; (c) becomes
part of the public domain or publicly known or available by publication or otherwise, not due to any unauthorized act or omission on the part of Consultant or any third party; or (d) is supplied to Consultant by a third party without binder of
secrecy, so long as that such third party has no obligation to the Client or any affiliated companies to maintain such information in confidence. 

	 	9.4.	As required by Consultant’s Duties, Consultant shall not, at any time now or in the future, directly or indirectly, use, publish, disseminate or otherwise disclose any Confidential Information, Concepts, or Ideas
to any third party without the consent of the Client, which consent may be denied in each instance and all of the same, together with publication rights, shall belong exclusively to the Client. 

 

	 	9.5.	All documents, diskettes, tapes, procedural manuals, guides, specifications, plans, drawings, designs and similar materials, lists of present, past or prospective customers, customer proposals, invitations to submit
proposals, price lists and data relating to the pricing of the Client’s products and services, records, notebooks and all other materials containing Confidential Information or information about Concepts or Ideas (including all copies and
reproductions thereof), that come into Consultant’s possession or control by reason of Consultant’s performance of the relationship, whether prepared by Consultant or others: (a) are the property of the Client or Franchisee,
(b) will not be used by Consultant in any way other than in connection with the performance of his/her Duties, (c) will not be provided or shown to any third party by Consultant, (d) will not be removed from the Client or
Consultant’s premises (except as Consultant’s Duties require), and (e) at the termination (for whatever reason), of Consultant’s relationship with the Client, will be left with, or forthwith returned by Consultant to the Client.

  

	 	9.6.	The Consultant agrees that the Client is and shall remain the exclusive owner of the Confidential Information and Concepts and Ideas. Any interest in patents, patent applications, inventions, technological innovations,
trade names, trademarks, service marks, copyrights, copyrightable works, developments, discoveries, designs, processes, formulas, know-how, data and analysis, whether registrable or not (“Developments”), which Consultant, as a result of
rendering Services to the Client under this Agreement, may conceive or develop, shall: (i) forthwith be brought to the attention of the Client by Consultant and (ii) belong exclusively to the Client. No license or conveyance of any such
rights to the Consultant is granted or implied under this Agreement. 

  

	 	9.7.	The Consultant hereby assigns and, to the extent any such assignment cannot be made at present, hereby agrees to assign to the Client, without further compensation, all of his/her right, title and interest in and to all
Concepts, Ideas, and Developments. The Consultant will execute all documents and perform all lawful acts which the Client considers necessary or advisable to secure its rights hereunder and to carry out the intent of this Agreement.

	 	10.	Working Requirements 

  

	 	10.1.	The Consultant shall primarily operate from FilmOn.TV Network’s offices in Los Angeles, and otherwise as reasonably required by Client. The Consultant is permitted to undertake other consulting engagements for
third-parties, so long as such engagements are not competitive with FilmOn.com. The Client acknowledges that the Consultant is already engaged in a number of acceptable and hereby permitted third-party engagements set out at Schedule B.

  

	 	10.2.	The Consultant shall make best endeavors to attend to the Duties outlined for up to forty (40) hours each week whether expended both during and beyond the business hours and whether expended in attendance at the
Client’s principal place of business or at such other location. 

  

	 	10.3.	The Consultant shall be entitled to up to two (2) weeks paid leave every twelve (12) months from the date of this Agreement. 

 

	 	11.	Warranties 

 Consultant disclaims responsibility, direct or indirect, express or
implied, for the truth, accuracy or completeness of information provided to Client concerning a Prospect introduced by Consultant or concerning persons or entities introduced to Client through a Prospect Client acknowledges full and complete
responsibility for the truth, accuracy, and completeness of all information concerning any Prospect or such other person or entity and, in its own behalf and as authorized representative of its Affiliates, expressly waives all rights of recourse, if
any, against Consultant for reliance thereon by Client or any of Client’s Affiliates. 
  

	 	12.	Term 

 The Term of this Agreement shall extend for a period of six (6) months (the
“Initial Term”) unless terminated by either party as provided herein below, during which time the Client or Consultant may terminate this Agreement at their sole discretion at any time on thirty (30) days written notice. The Client
shall have the exclusive, irrevocable option to extend this Agreement for an additional eighteen (18) months (the “Extended Term”) by providing notice to the Consultant within thirty (30) days of the end of the Term. The Initial
Term and any subsequent terms shall be individually and collectively referred to herein as the “Term”. 
  

	 	13.	Assignment 

 Other than to subsidiaries or Affiliates of Consultant, Consultant shall
not have the right to assign its Duties and obligations hereunder without the express written consent of Client. Client may assign its rights and obligations hereunder to any of its subsidiaries or otherwise affiliated companies on notice to the
Consultant. 

	 	14.	Governing Law 

 This Agreement shall be governed by the Laws of the State of California.
Any dispute arising between Client and Consultant shall be brought before the Courts located in the State of California. Each party hereto submits to the personal jurisdiction of said courts. 

 

	 	15.	Miscellaneous 

 Each signatory to this Agreement hereby individually represents and
warrants that he/she/it is duly authorized to bind Client and Consultant as applicable. This Agreement may be modified, waived, or otherwise changed only pursuant to a further written agreement between the parties hereto. This Agreement shall
supersede any previous agreements and constitute the final expression of the agreement between Consultant and Client. Neither party has relied on any representations in entering into this Agreement except as expressly provided herein. 

Agreed and accepted this 16th day of March, 2012. 
  

									
	Consultant:    Tamalpais Finance LLC	 		 	Client:    FilmOn.TV Networks Inc

									
					
	By:	 	 /s/ Peter van Pruissen
	 		 	By:	 	 /s/ Alkiviades David

		 	Peter Van Pruissen	 		 		 	Alkiviades David

 Schedule A 

Vesting Schedule 
 Consultant will receive
equity in FilmOn.TV Networks Inc, respectively. Fifty percent (50%) of such equity will be issued on a fully vested basis with fifty percent (50%) subject to a ‘Vesting Schedule’ as follows: 

Should the Consultant resign, or have his/her agreement terminated with “Cause” (as defined below) prior to the end of the Term of this Agreement,
said equity subject to this Vesting Schedule would be subject to recall by the Client. 
  

	 	•	 	50% within the initial twelve (12) months 

  

	 	•	 	25% after twelve (12) months but before twenty-four (24) months. 

 Should any of the following events
occur, 100% of said equity subject to this Vesting Schedule would vest as ordinary share capital of equal rank to that of all other shareholders: 
  

	 	•	 	Uncured, material breach of this Agreement by the Client 

  

	 	•	 	Termination of this Agreement by Client without cause 

  

	 	•	 	Any “liquidity Event” (defined below) or “Change of Control” (“defined below) 

  

	 	•	 	Failure of the Client to raise capital in excess of $1,000,000 within one year of this Agreement. 

Definitions: 
 “Cause” in this agreement means:

 (i) conviction of a crime involving moral turpitude; 
 (ii)
willful misconduct or gross neglect of duties to the Client; provided that within 5 days after receiving notice of such misconduct or neglect, on which the board is relying to terminate for cause, Consultant is are provided the opportunity defend
itself before the board; or 
 (iii) repeated failure by Consultant to follow the written directives of the board or any written Client policy or guidelines
expressly approved by the board. 
 “Liquidity Event” in this Agreement means: 

A merger, acquisition, sale of voting control or sale of substantially all of the assets of the Client. 

 Schedule B 

Consultant’s Contractual Commitments 
  

	 	•	 	Tamalpais Finance LLC and clients thereof 

 As of September 11, 2012 

Shared Executive Agreement-Amendment 1 
  

	Between:	FilmOn.TV Networks Inc (Client, Company, FilmOn) 

	    	301 N Canon Dr., Suite 208 

	    	Beverly Hills, CA, 90210 

	    	USA 

  

	and	Tamalpais Finance LLC (Consultant) 

	    	76 Tamalpais Road 

	    	Kentfield, California 94904 

	    	USA 

 This renewal amends and extends the Shared Executive Agreement executed between the parties on
March 16, 2012 on the terms set forth below. Client hereby continues to engage Consultant to provide personal services and assistance with the corporate operations of the Client and its Affiliates, including but not limited to “FilmOn.TV
Networks”, “FilmOn.com Plc”, “FilmOn.com Inc”; “FilmOn.TV Inc”, “Battlecam.com”; “FilmOn Mobile Inc.”; Interactive Artist Management; “9021go Inc”; ‘‘FilmOn Labs”; and
related initiatives referred to as the “Business Opportunity”. 
 The Consultant nominates as its “Nominated Executive” and the Client
accepts and accepts only Peter Van Pruissen to be eligible to act as “Director” of the Client and otherwise to roles including but not limited to “Chief Financial Officer’ of the Client and their business initiatives and those of
their Affiliates and to perform the “Duties” contemplated by this Agreement. 
 The Nominated Executive will report to the Chairman of FilmOn.TV
Networks. 
  

	1.	Duties 

 The Chief Financial Officer (CFO) provides both operational and programmatic
support to the organization. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO reports directly to the Chairman and directly assists the Senior Vice President (SVP), Chief Operating Officer
(COO) and Senior Vice-Presidents of Programming on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding. 

KEY RESPONSIBILITIES 
  

	 	a.	Assist in performing all tasks necessary to achieve the organization’s mission and help execute staff succession and growth plans; 

 

	 	b.	Assist with the Company’s capital raising including participation in investor shows and other activities relating to the public listing of the Company; 

 

	 	c.	Train the Finance Department and other staff on raising awareness and knowledge of financial management matters; 

	 	d.	Work with the Chairman, SVP, COO, SVPs of Programming and all other staff on the strategic vision including fostering and cultivating stakeholder relationships on city, state, and national levels, as well as assisting
in the development and negotiation of contracts; 

  

	 	e.	Participate in developing new business, specifically: assist the CEO, SVP and COO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of
prospective service delivery; 

  

	 	f.	Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters; 

  

	 	g.	Ensure adequate controls are installed and that substantiating documentation is approved and available such that all transactions may pass independent and governmental audits; 

 

	 	h.	Provide the SVP, COO and SVPs of Programming with an operating budget. Work with the SVP & COO to ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic
requirements. This includes: 1) interpreting legislative and programmatic rules and regulations to ensure compliance with all federal, state, local and contractual guidelines, 2) ensuring that all government regulations and requirements are
disseminated to appropriate personnel, and 3) monitoring compliance; 

  

	 	i.	Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and
monitoring of organizational and contract budgets; 

  

	 	j.	Oversee all purchasing and payroll activity for staff and participants; 

  

	 	k.	Develop and maintain systems of internal controls to safeguard financial assets of the organization Oversee the coordination and activities of independent auditors ensuring all A-133 audit issues are resolved, and all
403(b) compliance issues are met, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information; 

 

	 	l.	Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee; 

  

	 	m.	Monitor banking activities of the organization; 

  

	 	n.	Ensure adequate cash flow to meet the organization’s needs; 

  
 2 

	 	o.	Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals; 

 

	 	p.	Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the
Audit/Finance Committee and Board of Directors; 

  

	 	q.	Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff; 

  

	 	r.	Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place; 

  

	 	s.	Oversee business insurance plans and health care coverage analysis; 

  

	 	t.	Oversee the maintenance of the inventory of all fixed assets (computers, etc.). 

  

	2.	Targets 

 Performance by the Consultant will be judged in relation to Client’s
progress to its agreed Business Plans and Financial Forecasts. 
  

	3.	Fees 

  

	 	3.1	As consideration for performance of its Duties hereunder Consultant shall receive the “Initial Retainer Fee” from the date of this Agreement until the date of the Client completing a “Minimum Corporate
Financing” of no less than $5,000,000 during the Term. The Initial Retainer Fee shall be paid monthly in arrears, in the amount 

– US$5,000 per month 
  

	 	3.2	As consideration for performance of its Duties hereunder during the Initial Term Consultant shall be paid a “Success Fee” contingent upon the Client completing a “Minimum Corporate Financing” of no
less than $5,000,000 during the Term, calculated as: 

 – Cash bonus calculated up to $150,000 based pro rata on raising
$25,000,000 
  

	 	3.3	As consideration for performance of its Duties hereunder Consultant shall receive the “Ongoing Retainer Fee” from the date of Client completing a “Minimum Corporate Financing” of no less than
$5,000,000 through the end of the period ending six (6) months from the start of the Initial Term. The Ongoing Retainer Fee shall be paid monthly, in arrears, in the amount: “ 

  
 3 

 – US$10,000 per month 

 

	 	3.4	The amount of the Retainer Fee shall increase to $15,000 per month on that date six (6) months from the date of this agreement for the duration of the Term. 

 

	 	3.5	As consideration for Consultant’s performance of its Duties hereunder, Consultant shall continue to vest in that “Equity Payment” of 250,000 Shares in the Client, granted under a previous agreement.
Consultant shall further be granted an additional 375,000 of shares, equal to 0.75% of a 50,000,000 share capitalization prior to any future financing (“Additional Shares”). 

Consultant’s Additional Shares shall be subject to the “Vesting Schedule” at Schedule A Issuance of the shares shall be in
accordance with all applicable securities laws. 
  

	 	3.6	The Consultant shall be reimbursed or advanced funds to cover all travel expenses approved prior by the Chairman or otherwise reasonably incurred in discharging the Duties. 

 

	 	3.7	The Consultant shall be reimbursed or advanced funds to cover all expenses provided for by any agreed Budget or otherwise authorized prior by the Chairman or by another appropriate authority of the Client.

  

	4.	Terms & Conditions of Consultancy 

  

	 	4.1	During the Term and for a period of two (2) years thereafter and excluding the Consultant’s other Contractual Commitments set-out at Schedule B of this Agreement, the Consultant will not, directly or
indirectly: solicit or request any Consultant of or consultant to the Client to leave the employ of or cease consulting for the Client; solicit or request any Consultant of or consultant to the Client to join the employ of, or begin consulting for,
any individual or entity that researches, develops, markets or sells products that compete with those of the Client; solicit or request any individual or entity that researches, develops, markets or sells products that compete with those of the
Client, to employ or retain as a consultant any Consultant or consultant of the Client; or induce or attempt to induce any supplier or vendor of the Client to terminate or breach any written or oral agreement or understanding with the Client.

  

	 	4.2	For a period of two (2) years following the Date of this Agreement, Consultant shall not, without the prior written consent of Client, which consent Client may withhold at their sole discretion, (a) utilize
any Confidential Information to circumvent or compete with Client in relation to the FilmOn Business Plans, or (b) utilize information lawfully furnished or disclosed to Client by a non-party to this Agreement without any obligation of
confidentiality and through no wrongful act of the recipient Party, or information independently developed by Client relative to the FilmOn Business Plan, to circumvent or compete with Client on the FilmOn Business Plan. 

  
 4 

	5.	Status of Consultant 

 Consultant shall at all times contemplated herein be considered
an independent contractor of the Client. The Consultant shall not be deemed an agent. partner or joint venturer of Client for any purpose whatsoever, and Consultant shall have no authority to bind or act on behalf of Client. Consultant shall be
responsible for, and agrees to comply with, obligations under federal and state tax laws for payment of income and, if applicable, self-employment tax. Further, to the fullest extent permitted by the laws of the State of California and the United
States, Consultant forever waives any claims, rights or privileges they may have as against Client pursuant to any Labor Codes or Statutes including, but not limited to the Americans with Disabilities Act and any other similar provisions. 

 

	6.	Indemnities 

  

	 	6.1	Client will respectively indemnify Consultant for any third party claims made against Consultant during the Term hereof and for twelve (12) months thereafter arising in connection with the FilmOn Business Plan,
except to the extent that such claim arises from the negligence or willful wrongdoing of Consultant. Consultant shall indemnify and hold Client and its principals harmless from any and all claims, causes, costs and fees (including but not limited to
attorney’s fees) that arise as a result Consultant’s breach of its Duties, any materials created by Consultant, or any other misconduct of Consultant in connection with its Duties hereunder. As a condition to Client’s obligations to
indemnify Consultant, Consultant shall provide prompt written notice of such claim to Client (the “Indemnitor”) and shall allow the Indemnitor to defend any such claim using counsel of its choice. The Indemnitor shall not settle any such
claim without the express written consent of the Indemnitee, such consent not to be unreasonably withheld. 

  

	7.	Covenant Not to Compete 

  

	 	7.1	For good consideration and as an inducement for Client to engage Consultant, if such engagement is terminated for Cause, Consultant shall not compete, for a period of two years after the end of the Term of this
Agreement, engage directly or indirectly, either personally or as an Consultant, associate partner, partner, manager, agent, or otherwise, or by means of any corporate or other device, in business related to the Business Opportunity within in the
USA and any other Territory to which the Business Opportunity has extended: nor shall Consultant for such period and in such localities solicit orders, directly or indirectly, from any customers of the Client, or from any customers of its successor,
for such products as are sold by Company or its successor, either for (himself or herself) or as an Consultant of any person, firm, or corporation. 

  

	 	7.2	The term “not compete” as used herein shall mean that the Consultant shall not own, manage, operate, consult or to be engaged or employed in a business substantially similar to, or competitive with, the
present business of the Company or such other business activity in which the Company may substantially engage during the term of employment. 

  
 5 

	 	7.3	On the termination of the Consultant’s employment with the Client for any reason, the Consultant will not solicit any customer of the Client that was a customer of the Company during the course of the
Consultant’s employment with the Client, whether or not still a customer of the Client and whether or not knowledge of the customer is considered confidential information, or in any way aid and assist any other person to solicit any such
customer for a period of two years from the date of termination of the Consultant’s employment. 

  

	 	7.4	This Clause 7 shall not apply if Consultant is terminated without Cause. 

  

	8.	Trade Secrets 

 The Consultant acknowledges that the Client shall or may in reliance of
this agreement provide Consultant access to trade secrets, customers and other confidential data and good will. Consultant agrees to retain said information as confidential and not to use said information on his or her own behalf or disclose same to
any third party. The Consultant will take necessary actions to keep the Client’s business secrets, including but not limited to customer, supplier, logistical, financial, research and development information, confidential and not to disclose
the Client’s business secrets to any third party during and after the term of the Consultant’s engagement 
  

	9.	Intellectual Property & Confidentiality 

  

	 	9.1	Those “Concepts and Ideas” disclosed by the Client to Consultant or which are developed by Consultant during the course of the performance of the Duties hereunder and which relate to the Client’s present,
past or prospective business activities, services, and products, shall remain the sole and exclusive property of the Client. For further clarity, the results and proceeds of Consultant’s services contemplated hereunder shall be deemed
“works-made-for-hire” commissioned for the benefit of Client as that term is commonly defined pursuant to United States Copyright Law. Should any of the results and proceeds of Consultant’s services hereunder not be deemed
“works-made-for-hire”, the Consultant hereby grants to Client an exclusive, irrevocable, perpetual license to such. 

  

	 	9.2	 For the purposes of this Agreement, Confidential Information shall mean and collectively include: all information relating to the business, plans
and/or technology of the Client including, but not limited to technical information including inventions, methods, plans, processes, specifications, characteristics, assays, raw data, scientific data, records, databases, formulations, protocols,
equipment design, know-how, experience, and trade secrets; developmental, marketing, sales, customer, supplier, consulting relationship information, operating, performance, and cost information; computer programming techniques whether in tangible or
intangible form, and all record bearing media containing or 

  
 6 

	 	
disclosing the foregoing information and techniques including, written business plans, patents and patent applications, grant applications, notes, and memoranda, whether in writing or presented,
stored or maintained in or by electronic, magnetic, or other means. 

  

	 	9.3	Notwithstanding the foregoing, the term “Confidential Information” shall not include any information which: (a) can be demonstrated to have been lawfully in the public domain or was publicly known or
available prior to the date of the disclosure to Consultant; (b) can be demonstrated in writing to have been rightfully in the possession of Consultant prior to the disclosure of such information to Consultant by the Client; (c) becomes
part of the public domain or publicly known or available by publication or otherwise, not due to any unauthorized act or omission on the part of Consultant or any third party; or (d) is supplied to Consultant by a third party without binder of
secrecy, so long as that such third party has no obligation to the Client or any affiliated companies to maintain such information in confidence. 

  

	 	9.4	As required by Consultant’s Duties, Consultant shall not, at any time now or in the future, directly or indirectly, use, publish, disseminate or otherwise disclose any Confidential Information, Concepts, or Ideas
to any third party without the consent of the Client, which consent may be denied in each instance and all of the same, together with publication rights, shall belong exclusively to the Client. 

 

	 	9.5	All documents, diskettes, tapes, procedural manuals, guides, specifications, plans, drawings, designs and similar materials, lists of present, past or prospective customers, customer proposals, invitations to submit
proposals, price lists and data relating to the pricing of the Client’s products and services, records, notebooks and all other materials containing Confidential Information or information about Concepts or Ideas (including all copies and
reproductions thereof), that come into Consultant’s possession or control by reason of Consultant’s performance of the relationship, whether prepared by Consultant or others: (a) are the property of the Client or Franchisee,
(b) will not be used by Consultant in any way other than in connection with the performance of his/her Duties, (c) will not be provided or shown to any third party by Consultant, (d) will not be removed from the Client or
Consultant’s premises (except as Consultant’s Duties require), and (e) at the termination (for whatever reason), of Consultant’s relationship with the Client, will be left with, or forthwith returned by Consultant to the Client.

  

	 	9.6	The Consultant agrees that the Client is and shall remain the exclusive owner of the Confidential Information and Concepts and Ideas. Any interest in patents, patent applications, inventions, technological innovations,
trade names, trademarks, service marks, copyrights, copyrightable works, developments, discoveries, designs, processes, formulas, know-how, data and analysis, whether registrable or not (“Developments”), which Consultant, as a result of
rendering Services to the Client under this Agreement, may conceive or develop, shall: (i) forthwith be brought to the attention of the Client by Consultant and (ii) belong exclusively to the Client. No license or conveyance of any such
rights to the Consultant is granted or implied under this Agreement. 

  
 7 

	 	9.7	The Consultant hereby assigns and, to the extent any such assignment cannot be made at present, hereby agrees to assign to the Client, without further compensation, all of his/her right, title and interest in and to all
Concepts, Ideas, and Developments. The Consultant will execute all documents and perform all lawful acts which the Client considers necessary or advisable to secure its rights hereunder and to carry out the intent of this Agreement.

  

	10.	Working Requirements 

  

	 	10.1	The Consultant shall primarily operate from FilmOn.TV Network’s offices in Los Angeles, and otherwise as reasonably required by Client. The Consultant is permitted to undertake other consulting engagements for
third-parties, so long as such engagements are not competitive with FilmOn.com. The Client acknowledges that the Consultant is already engaged in a number of acceptable and hereby permitted third-party engagements. 

 

	 	10.2	The Consultant shall make best endeavors to attend to the Duties outlined for up to forty (40) hours each week whether expended both during and beyond the business hours and whether expended in attendance at the
Client’s principal place of business or at such other location. 

  

	 	10.3	The Consultant shall be entitled to up to two (2) weeks paid leave every twelve (12) months from the date of this Agreement. 

 

	11.	Warranties 

 Consultant disclaims responsibility, direct or indirect, express or
implied, for the truth, accuracy or completeness of information provided to Client concerning a Prospect introduced by Consultant or concerning persons or entities introduced to Client through a Prospect. Client acknowledges full and complete
responsibility for the truth, accuracy, and completeness of all information concerning any Prospect or such other person or entity and, in its own behalf and as authorized representative of its Affiliates, expressly waives all rights of recourse, if
any, against Consultant for reliance thereon by Client or any of Client’s Affiliates. 
  

	12.	Term 

 The Term of this Agreement shall extend for a period of twelve (12) months
(the “Term”) unless terminated by either party as provided herein below, during which time the Client or Consultant may terminate this Agreement at their sole discretion at any time on thirty (30) days written notice. 

  
 8 

	13.	Assignment 

 Other than to subsidiaries or Affiliates of Consultant, Consultant shall
not have the right to assign its Duties and obligations hereunder without the express written consent of Client. Client may assign its rights and obligations hereunder to any of its subsidiaries or otherwise affiliated companies on notice to the
Consultant. 
  

	14.	Governing Law 

 This Agreement shall be governed by the Laws of the State of California.
Any dispute arising between Client and Consultant shall be brought before the Courts located in the State of California. Each party hereto submits to the personal jurisdiction of said courts. 

 

	15.	Miscellaneous 

 Each signatory to this Agreement hereby individually represents and
warrants that he/she/it is duly authorized to bind Client and Consultant as applicable. This Agreement may be modified, waived, or otherwise changed only pursuant to a further written agreement between the parties hereto. This Agreement shall
supersede any previous agreements and constitute the final expression of the agreement between Consultant and Client. Neither party has relied on any representations in entering into this Agreement except as expressly provided herein. 

Agreed and accepted this 14th day of September, 2012. 
  

									
	Consultant: Tamalpais Finance LLC	 		 	Client: FilmOn.TV Networks Inc
					
	By:	 	/s/ Peter van Pruissen	 	  
	 	By:	 	/s/ Alkiviades David
		 	  
	 		 		 	  

		 	Peter Van Pruissen	 		 		 	Alkiviades David

  
 9 

 Schedule A 

Vesting Schedule 
 Consultant will continue
to vest in equity in FilmOn.TV Networks Inc. Fifty percent (50 %) of such equity was issued on a fully vested basis on September 14, 2012 with fifty percent (50%) subject to a ‘Vesting Schedule’ as follows: 

Should the Consultant resign, or have his/her agreement terminated with “Cause” (as defined below) prior to the end of the Term of this Agreement,
said equity subject to this Vesting Schedule would be subject to recall by the Client. 
 – 50% within the initial six (6) months
from the date of this Agreement 
 – 25% after six (6) months but before eighteen (18) months from the date of this
Agreement. 
 Should any of the following events occur, 100% of said equity subject to this Vesting Schedule would vest as ordinary share capital of equal
rank to that of all other shareholders: 
 – Uncured, material breach of this Agreement by the Client 

– Termination of this Agreement by Client without cause 

– Any “Liquidity Event” (defined below) or “Change of Control” (“defined below) Failure of the Client to raise
capital in excess of $5,000,000 within six months of this Agreement. 
 Definitions: 

“Cause” in this agreement means: 
  

	(i)	conviction of a crime involving moral turpitude; 

 (ii) willful misconduct or gross neglect of duties to the
Client; provided that within 5 days after receiving notice of such misconduct or neglect, on which the board is relying to terminate for cause, Consultant is are provided the opportunity defend itself before the board; or 

(iii) repeated failure by Consultant to follow the written directives of the board or any written Client policy or guidelines expressly approved by the board.

 “Liquidity Event” in this Agreement means: 
 A
merger, acquisition, sale of voting control or sale of substantially all of the assets of the Client. 

  
 10 

 As of August 8, 2013 

Shared Executive Agreement-Amendment No. 2 
  

			
	Between:	 	FilmOn.TV Networks Inc (Client, Company, FilmOn)
		 	301 N Canon Dr., Suite 208
		 	Beverly Hills, CA, 90210
		 	USA
		
	and	 	Tamalpais Finance LLC (Consultant)
		 	76 Tamalpais Road
		 	Kentfield, California 94904
		 	USA

 This renewal amends and extends the Shared Executive Agreement executed between the parties on March 16, 2012 (the
“Original Agreement”), and amended by Amendment 1 dated as of September 11, 2012 (“Amendment No. 1”), on the terms set forth below. Client hereby continues to engage Consultant to provide personal services and
assistance with the corporate operations of the Client and its Affiliates, including but not limited to “FilmOn.TV Networks”, “FilmOn.com Plc”, “FilmOn.com Inc”; “FilmOn.TV Inc”, “Battlecam.com”;
“FilmOn Mobile Inc.”; Interactive Artist Management; “9021go Inc”; ‘‘FilmOn Labs”; and related initiatives referred to as the “Business Opportunity”. 

The Consultant nominates as its “Nominated Executive” and the Client accepts and accepts only Peter Van Pruissen to be eligible to act as
“Director” of the Client and otherwise to roles including but not limited to “Chief Financial Officer’ of the Client and their business initiatives and those of their Affiliates and to perform the “Duties” contemplated
by this Agreement. 
 The Nominated Executive will report to the Chairman of FilmOn.TV Networks. 

 

	1.	Duties 

 The Chief Financial Officer (CFO) provides both operational and programmatic
support to the organization. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO reports directly to the Chairman and directly assists the Senior Vice President (SVP), Chief Operating Officer
(COO) and Senior Vice-Presidents of Programming on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding. 

KEY RESPONSIBILITIES 
  

	 	a.	Assist in performing all tasks necessary to achieve the organization’s mission and help execute staff succession and growth plans; 

	 	b.	Assist with the Company’s capital raising including participation in investor shows and other activities relating to the public listing of the Company; 

 

	 	c.	Train the Finance Department and other staff on raising awareness and knowledge of financial management matters; 

  

	 	d.	Work with the Chairman, SVP, COO, SVPs of Programming and all other staff on the strategic vision including fostering and cultivating stakeholder relationships on city, state, and national levels, as well as assisting
in the development and negotiation of contracts; 

  

	 	e.	Participate in developing new business, specifically: assist the CEO, SVP and COO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of
prospective service delivery; 

  

	 	f.	Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters; 

  

	 	g.	Ensure adequate controls are installed and that substantiating documentation is approved and available such that all transactions may pass independent and governmental audits; 

 

	 	h.	Provide the SVP, COO and SVPs of Programming with an operating budget. Work with the SVP & COO to ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic
requirements. This includes: 1) interpreting legislative and programmatic rules and regulations to ensure compliance with all federal, state, local and contractual guidelines, 2) ensuring that all government regulations and requirements are
disseminated to appropriate personnel, and 3) monitoring compliance; 

  

	 	i.	Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and
monitoring of organizational and contract budgets; 

  

	 	j.	Oversee all purchasing and payroll activity for staff and participants; 

  

	 	k.	Develop and maintain systems of internal controls to safeguard financial assets of the organization Oversee the coordination and activities of independent auditors ensuring all A-133 audit issues are resolved, and all
403(b) compliance issues are met, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information; 

  
 23 

	 	l.	Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee; 

  

	 	m.	Monitor banking activities of the organization; 

  

	 	n.	Ensure adequate cash flow to meet the organization’s needs; 

  

	 	o.	Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals; 

 

	 	p.	Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the
Audit/Finance Committee and Board of Directors; 

  

	 	q.	Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff; 

  

	 	r.	Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place; 

  

	 	s.	Oversee business insurance plans and health care coverage analysis; 

  

	 	t.	Oversee the maintenance of the inventory of all fixed assets (computers, etc.). 

  

	2.	Targets 

 Performance by the Consultant will be judged in relation to Client’s
progress to its agreed Business Plans and Financial Forecasts. 
  

	3.	Fees 

  

	 	3.1	As consideration for performance of its Duties hereunder Consultant shall receive the “Initial Retainer Fee” from the date of this Agreement until the date of the Client completing a “Minimum Corporate
Financing” of no less than $5,000,000 during the Term. The Initial Retainer Fee shall be in the amount of US$15,000 per month; provided that the payment of $7,500 of such monthly Initial Retainer Fee shall be deferred until the completion of
a Minimum Corporate Financing and $7,500 of such Initial Retainer Fee shall be paid to Consultant on a monthly basis in arrears. 

  
 24 

	 	3.2	As consideration for performance of its Duties hereunder during the Initial Term Consultant shall be paid a “Success Fee” contingent upon the Client completing a “Minimum Corporate Financing” of no
less than $5,000,000 during the Term, calculated as: 

  

	 	•	 	Cash bonus calculated up to $150,000 based pro rata on raising $25,000,000 

  

	 	3.3	As consideration for performance of its Duties hereunder Consultant shall receive the “Ongoing Retainer Fee” from the date of Client completing a “Minimum Corporate Financing” of no less than
$5,000,000 through the end of the period ending six (6) months from the start of the Initial Term. The Ongoing Retainer Fee shall be paid monthly, in arrears, in the amount: 

 

	 	•	 	US$10,000 per month 

  

	 	3.4	[Reserved] 

  

	 	3.5	As consideration for Consultant’s performance of its Duties hereunder, Consultant shall continue to vest in that “Equity Payment” of 500,000 Shares in the Client, equal to 0.50% of the Client’s
current 100,000,000 share capitalization and granted pursuant to the Original Agreement. Consultant shall continue to vest in the 750,000 of Shares granted pursuant to Amendment No. 1, and equal to 0.75% of the Client’s current 100,000,000
share capitalization, prior to any future financing (“Additional Shares”). 

 Consultant’s Additional Shares
shall continue to be subject to the “Vesting Schedule” found in Schedule A of Amendment No. 1, which is attached hereto for reference. Issuance of the shares shall be in accordance with all applicable securities laws. 

 

	 	3.6	The Consultant shall be reimbursed or advanced funds to cover all travel expenses approved prior by the Chairman or otherwise reasonably incurred in discharging the Duties. 

 

	 	3.7	The Consultant shall be reimbursed or advanced funds to cover all expenses provided for by any agreed Budget or otherwise authorized prior by the Chairman or by another appropriate authority of the Client.

  

	4.	Terms & Conditions of Consultancy 

  

	 	4.1	During the Term and for a period of two (2) years thereafter and excluding the Consultant’s other Contractual Commitments set-out at Schedule B of this Agreement, the Consultant will not, directly or
indirectly: solicit or request any Consultant of or consultant to the Client to leave the employ of or cease consulting for the Client; solicit or request any Consultant of or consultant to the Client to join the employ of, or begin consulting for,
any individual or entity that researches, develops, markets or sells products that compete with those of the Client; solicit or request any individual or entity that researches, develops, markets or sells products that compete with those of the
Client, to employ or retain as a consultant any Consultant or consultant of the Client; or induce or attempt to induce any supplier or vendor of the Client to terminate or breach any written or oral agreement or understanding with the Client.

  
 25 

	 	4.2	For a period of two (2) years following the Date of this Agreement, Consultant shall not, without the prior written consent of Client, which consent Client may withhold at their sole discretion, (a) utilize
any Confidential Information to circumvent or compete with Client in relation to the FilmOn Business Plans, or (b) utilize information lawfully furnished or disclosed to Client by a non-party to this Agreement without any obligation of
confidentiality and through no wrongful act of the recipient Party, or information independently developed by Client relative to the FilmOn Business Plan, to circumvent or compete with Client on the FilmOn Business Plan. 

 

	5.	Status of Consultant 

 Consultant shall at all times contemplated herein be considered an
independent contractor of the Client. The Consultant shall not be deemed an agent. partner or joint venturer of Client for any purpose whatsoever, and Consultant shall have no authority to bind or act on behalf of Client. Consultant shall be
responsible for, and agrees to comply with, obligations under federal and state tax laws for payment of income and, if applicable, self-employment tax. Further, to the fullest extent permitted by the laws of the State of California and the United
States, Consultant forever waives any claims, rights or privileges they may have as against Client pursuant to any Labor Codes or Statutes including, but not limited to the Americans with Disabilities Act and any other similar provisions. 

 

	6.	Indemnities 

  

	 	6.1	Client will respectively indemnify Consultant for any third party claims made against Consultant during the Term hereof and for twelve (12) months thereafter arising in connection with the FilmOn Business Plan,
except to the extent that such claim arises from the negligence or willful wrongdoing of Consultant. Consultant shall indemnify and hold Client and its principals harmless from any and all claims, causes, costs and fees (including but not limited to
attorney’s fees) that arise as a result Consultant’s breach of its Duties, any materials created by Consultant, or any other misconduct of Consultant in connection with its Duties hereunder. As a condition to Client’s obligations to
indemnify Consultant, Consultant shall provide prompt written notice of such claim to Client (the “Indemnitor”) and shall allow the Indemnitor to defend any such claim using counsel of its choice. The Indemnitor shall not settle any such
claim without the express written consent of the Indemnitee, such consent not to be unreasonably withheld. 

  
 26 

	7.	Covenant Not to Compete 

  

	 	7.1	For good consideration and as an inducement for Client to engage Consultant, if such engagement is terminated for Cause, Consultant shall not compete, for a period of two years after the end of the Term of this
Agreement, engage directly or indirectly, either personally or as an Consultant, associate partner, partner, manager, agent, or otherwise, or by means of any corporate or other device, in business related to the Business Opportunity within in the
USA and any other Territory to which the Business Opportunity has extended: nor shall Consultant for such period and in such localities solicit orders, directly or indirectly, from any customers of the Client, or from any customers of its successor,
for such products as are sold by Company or its successor, either for (himself or herself) or as an Consultant of any person, firm, or corporation. 

  

	 	7.2	The term “not compete” as used herein shall mean that the Consultant shall not own, manage, operate, consult or to be engaged or employed in a business substantially similar to, or competitive with, the
present business of the Company or such other business activity in which the Company may substantially engage during the term of employment. 

  

	 	7.3	On the termination of the Consultant’s employment with the Client for any reason, the Consultant will not solicit any customer of the Client that was a customer of the Company during the course of the
Consultant’s employment with the Client, whether or not still a customer of the Client and whether or not knowledge of the customer is considered confidential information, or in any way aid and assist any other person to solicit any such
customer for a period of two years from the date of termination of the Consultant’s employment. 

  

	 	7.4	This Clause 7 shall not apply if Consultant is terminated without Cause. 

  

	8.	Trade Secrets 

 The Consultant acknowledges that the Client shall or may in reliance of
this agreement provide Consultant access to trade secrets, customers and other confidential data and good will. Consultant agrees to retain said information as confidential and not to use said information on his or her own behalf or disclose same to
any third party. The Consultant will take necessary actions to keep the Client’s business secrets, including but not limited to customer, supplier, logistical, financial, research and development information, confidential and not to disclose
the Client’s business secrets to any third party during and after the term of the Consultant’s engagement. 
  

	9.	Intellectual Property & Confidentiality 

  

	 	9.1	Those “Concepts and Ideas” disclosed by the Client to Consultant or which are developed by Consultant during the course of the performance of the Duties hereunder and which relate to the Client’s present,
past or prospective business activities, services, and products, shall remain the sole and exclusive property of the Client. For further clarity, the results and proceeds of Consultant’s services contemplated hereunder shall be deemed
“works-made-for-hire” commissioned for the benefit of Client as that term is commonly defined pursuant to United States Copyright Law. Should any of the results and proceeds of Consultant’s services hereunder not be deemed
“works-made-for-hire”, the Consultant hereby grants to Client an exclusive, irrevocable, perpetual license to such. 

  
 27 

	 	9.2	For the purposes of this Agreement, Confidential Information shall mean and collectively include: all information relating to the business, plans and/or technology of the Client including, but not limited to technical
information including inventions, methods, plans, processes, specifications, characteristics, assays, raw data, scientific data, records, databases, formulations, protocols, equipment design, know-how, experience, and trade secrets; developmental,
marketing, sales, customer, supplier, consulting relationship information, operating, performance, and cost information; computer programming techniques whether in tangible or intangible form, and all record bearing media containing or disclosing
the foregoing information and techniques including, written business plans, patents and patent applications, grant applications, notes, and memoranda, whether in writing or presented, stored or maintained in or by electronic, magnetic, or other
means. 

  

	 	9.3	Notwithstanding the foregoing, the term “Confidential Information” shall not include any information which: (a) can be demonstrated to have been lawfully in the public domain or was publicly known or
available prior to the date of the disclosure to Consultant; (b) can be demonstrated in writing to have been rightfully in the possession of Consultant prior to the disclosure of such information to Consultant by the Client; (c) becomes
part of the public domain or publicly known or available by publication or otherwise, not due to any unauthorized act or omission on the part of Consultant or any third party; or (d) is supplied to Consultant by a third party without binder of
secrecy, so long as that such third party has no obligation to the Client or any affiliated companies to maintain such information in confidence. 

  

	 	9.4	As required by Consultant’s Duties, Consultant shall not, at any time now or in the future, directly or indirectly, use, publish, disseminate or otherwise disclose any Confidential Information, Concepts, or Ideas
to any third party without the consent of the Client, which consent may be denied in each instance and all of the same, together with publication rights, shall belong exclusively to the Client. 

 

	 	9.5	All documents, diskettes, tapes, procedural manuals, guides, specifications, plans, drawings, designs and similar materials, lists of present, past or prospective customers, customer proposals, invitations to submit
proposals, price lists and data relating to the pricing of the Client’s products and services, records, notebooks and all other materials containing Confidential Information or information about Concepts or Ideas (including all copies and
reproductions thereof), that come into Consultant’s possession or control by reason of Consultant’s performance of the relationship, whether prepared by Consultant or others: (a) are the property of the Client or Franchisee,
(b) will not be used by Consultant in any way other than in connection with the performance of his/her Duties, (c) will not be provided or shown to any third party by Consultant, (d) will not be removed from the Client or
Consultant’s premises (except as Consultant’s Duties require), and (e) at the termination (for whatever reason), of Consultant’s relationship with the Client, will be left with, or forthwith returned by Consultant to the Client.

  
 28 

	 	9.6	The Consultant agrees that the Client is and shall remain the exclusive owner of the Confidential Information and Concepts and Ideas. Any interest in patents, patent applications, inventions, technological innovations,
trade names, trademarks, service marks, copyrights, copyrightable works, developments, discoveries, designs, processes, formulas, know-how, data and analysis, whether registrable or not (“Developments”), which Consultant, as a result of
rendering Services to the Client under this Agreement, may conceive or develop, shall: (i) forthwith be brought to the attention of the Client by Consultant and (ii) belong exclusively to the Client. No license or conveyance of any such
rights to the Consultant is granted or implied under this Agreement. 

  

	 	9.7	The Consultant hereby assigns and, to the extent any such assignment cannot be made at present, hereby agrees to assign to the Client, without further compensation, all of his/her right, title and interest in and to all
Concepts, Ideas, and Developments. The Consultant will execute all documents and perform all lawful acts which the Client considers necessary or advisable to secure its rights hereunder and to carry out the intent of this Agreement.

  

	10.	Working Requirements 

  

	 	10.1	The Consultant shall primarily operate from FilmOn.TV Network’s offices in Los Angeles, and otherwise as reasonably required by Client. The Consultant is permitted to undertake other consulting engagements for
third-parties, so long as such engagements are not competitive with FilmOn.com. The Client acknowledges that the Consultant is already engaged in a number of acceptable and hereby permitted third-party engagements. 

 

	 	10.2	The Consultant shall make best endeavors to attend to the Duties outlined for up to forty (40) hours each week whether expended both during and beyond the business hours and whether expended in attendance at the
Client’s principal place of business or at such other location. 

  
 29 

	 	10.3	The Consultant shall be entitled to up to two (2) weeks paid leave every twelve (12) months from the date of this Agreement. 

 

	11.	Warranties 

 Consultant disclaims responsibility, direct or indirect, express or implied,
for the truth, accuracy or completeness of information provided to Client concerning a Prospect introduced by Consultant or concerning persons or entities introduced to Client through a Prospect. Client acknowledges full and complete responsibility
for the truth, accuracy, and completeness of all information concerning any Prospect or such other person or entity and, in its own behalf and as authorized representative of its Affiliates, expressly waives all rights of recourse, if any, against
Consultant for reliance thereon by Client or any of Client’s Affiliates. 
  

	12.	Term 

 The initial term of this Agreement shall extend for a period of twelve
(12) months (the “Initial Term”) unless terminated by either party as provided herein below, during which time the Client or Consultant may terminate this Agreement at their sole discretion at any time on thirty (30) days written
notice. At the expiration of the Initial Term, this Agreement will automatically renew for successive one (1) year periods (each a “Renewal Term” and collectively with the Initial Term the “Term”) unless the Client or
Consultant provides the other party with notice of its intent not to renew this Agreement at least thirty (30) days prior to the expiration of the then current term. 
  

	13.	Assignment 

 Other than to subsidiaries or Affiliates of Consultant, Consultant shall not
have the right to assign its Duties and obligations hereunder without the express written consent of Client. Client may assign its rights and obligations hereunder to any of its subsidiaries or otherwise affiliated companies on notice to the
Consultant. 
  

	14.	Governing Law 

 This Agreement shall be governed by the Laws of the State of California.
Any dispute arising between Client and Consultant shall be brought before the Courts located in the State of California. Each party hereto submits to the personal jurisdiction of said courts. 

 

	15.	Miscellaneous 

 Each signatory to this Agreement hereby individually represents and
warrants that he/she/it is duly authorized to bind Client and Consultant as applicable. This Agreement may be modified, waived, or otherwise changed only pursuant to a further written agreement between the parties hereto. This Agreement shall
supersede any previous agreements and constitute the final expression of the agreement between Consultant and Client. Neither party has relied on any representations in entering into this Agreement except as expressly provided herein. 

  
 30 

 Agreed and accepted this 8th day of August, 2013. 

 

									
	Consultant:    Tamalpais Finance LLC	 		 	Client:    FilmOn.TV Networks Inc
					
	By:	 	 /s/ Peter van Pruissen
	 		 	By:	 	 /s/ Alkiviades David

		 	Peter Van Pruissen	 		 		 	Alkiviades David

  
 31 

 Amendment No. 1 

Schedule A 
 Vesting
Schedule 
 Consultant will continue to vest in equity in FilmOn.TV Networks Inc. Fifty percent (50 %) of such equity was issued on a fully vested basis
on September 14, 2012 with fifty percent (50%) subject to a ‘Vesting Schedule’ as follows: 
 Should the Consultant resign, or have
his/her agreement terminated with “Cause” (as defined below) prior to the end of the Term of this Agreement, said equity subject to this Vesting Schedule would be subject to recall by the Client. 

 

	 	•	 	50% within the initial six (6) months from the date of this Agreement 

  

	 	•	 	25% after six (6) months but before eighteen (18) months from the date of this Agreement. 

 Should
any of the following events occur, 100% of said equity subject to this Vesting Schedule would vest as ordinary share capital of equal rank to that of all other shareholders: 
  

	 	•	 	Uncured, material breach of this Agreement by the Client 

  

	 	•	 	Termination of this Agreement by Client without cause 

  

	 	•	 	Any “Liquidity Event” (defined below) or “Change of Control” (“defined below) Failure of the Client to raise capital in excess of $5,000,000 within six months of this Agreement.

 Definitions: 
 “Cause” in
this agreement means: 
 (i) conviction of a crime involving moral turpitude; 

(ii) willful misconduct or gross neglect of duties to the Client; provided that within 5 days after receiving notice of such misconduct or neglect, on which
the board is relying to terminate for cause, Consultant is are provided the opportunity defend itself before the board; or 
 (iii) repeated failure by
Consultant to follow the written directives of the board or any written Client policy or guidelines expressly approved by the board. 
 “Liquidity
Event” in this Agreement means: 
 A merger, acquisition, sale of voting control or sale of substantially all of the assets of the Client. 

  
 32 

 AMENDMENT No. 3 TO 

SHARED EXECUTIVE AGREEMENT 

THIS AMENDMENT NO. 3 TO SHARED EXECUTIVE AGREEMENT, dated as of December 5, 2013, is by and between FilmOn.TV Networks Inc., a Delaware
corporation (the “Company”), and Tamalpais Finance, LLC, a California limited liability company (the “Consultant”). 

R E C I T A L S 
 The
Company and the Consultant are parties to a Shared Executive Agreement, dated as of March 16, 2012, and as amended by Amendment 1 dated as of September 11, 2012 and Amendment No. 2 dated as of August 8, 2013 (the
“Agreement”). Terms defined in the Agreement and used but not otherwise defined herein shall have the meanings given to them in the Agreement. 

The Company and the Consultant wish to amend the Agreement as provided herein. 

THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 1. Section 3.1 of the Agreement is hereby deleted therefrom, and the following language is hereby inserted therein in lieu thereof
(which includes new language underlined below): 
 As consideration for performance of its Duties hereunder Consultant shall receive the
“Initial Retainer Fee” from the date of this Agreement until the date of the Client completing a “Minimum Corporate Financing” of no less than $5,000,000 during the Term. The Initial Retainer Fee shall be in the amount of
US$15,000 per month; provided that the payment of $9,500 of such monthly Initial Retainer Fee shall be deferred until the completion of a Minimum Corporate Financing and $5,500 of such Initial Retainer Fee shall be paid to Consultant on a monthly
basis in arrears. 
 2. All other terms and conditions of the Agreement shall remain in full force and effect without modification. 

[Remainder of page intentionally left blank; signature page follows.] 

 AMENDMENT NO. 3 TO SHARED EXECUTIVE AGREEMENT 

(Signature Page) 
 This Amendment
No. 3 has been duly executed on the date hereinabove set forth. 
  

			
	FILMON.TV NETWORKS INC.
		
	By:	 	 /s/ Alkiviades David

		 	Name: Alkiviades David
		 	Title: Chief Executive Officer
	
	TAMALPAIS FINANCE, LLC
		
	By:	 	 /s/ Peter van Pruissen

		 	Name: Peter van PruissenEX-10.4

 Exhibit 10.4 

FILMON.TV NETWORKS, INC. 

2012 STOCK PLAN 
  

	 	1.	ESTABLISHMENT, PURPOSE AND TERM OF PLAN. 

1.1 Establishment. The FilmOn.TV Networks Inc. 2012 Stock Plan was established effective as of August 24, 2012
(the “Plan”). 
 1.2 Purpose. The purpose of the Plan is to advance the interests of the
Participating Company Group and its stockholders by providing an incentive to attract, retain and reward persons performing services for the Participating Company Group and by motivating such persons to contribute to the growth and profitability of
the Participating Company Group. The Company intends that Awards granted pursuant to the Plan be exempt from or comply with Section 409A of the Code (including any amendments or replacements of such section), and the Plan shall be so construed.

 1.3 Term of Plan. The Plan shall continue in effect until its termination by the Board; provided, however, that all Awards shall
be granted, if at all, within ten (10) years from the earlier of the date the Plan is adopted by the Board or the date the Plan is duly approved by the stockholders of the Company. 

 

	 	2.	DEFINITIONS AND CONSTRUCTION. 

2.1 Definitions. Whenever used herein, the following terms shall have their respective meanings set forth below: 

(a) “Award”means an Option, Restricted Stock Purchase Right or Restricted Stock Bonus granted under the
Plan. 
 (b) “Award Agreement” means a written or electronic agreement between the Company and a
Participant setting forth the terms, conditions and restrictions of the Award granted to the Participant. 
 (c)
“Board” means the Board of Directors of the Company. If one or more Committees have been appointed by the Board to administer the Plan, “Board” also means such Committee(s).

 (d) “Cause” means, unless such term or an equivalent term is otherwise defined with respect to an
Award by the Participant’s Award Agreement or written contract of employment or service, any of the following: (i) the Participant’s theft, dishonesty, willful misconduct, breach of fiduciary duty for personal profit, or falsification
of any Participating Company documents or records; (ii) the Participant’s material failure to abide by a Participating Company’s code of conduct or other policies (including, without limitation, policies relating to confidentiality
and reasonable workplace conduct); (iii) the Participant’s unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset or corporate opportunity of a Participating Company (including, without limitation,
the Participant’s improper use or disclosure of a Participating Company’s confidential or proprietary information); (iv) any intentional act by the Participant which has a material detrimental effect on a Participating Company’s
reputation or business; (v) the Participant’s repeated failure or inability to perform any reasonable assigned duties after written notice from a Participating Company of, and a reasonable opportunity to cure, such failure or inability;
(vi) any material breach by the Participant of any employment or service agreement between the Participant and a Participating Company, which breach is not cured pursuant to the terms of such agreement; or (vii) the Participant’s
conviction (including any plea of guilty or nolo contendere) of any criminal act involving fraud, dishonesty, misappropriation or moral turpitude, or which impairs the Participant’s ability to perform his or her duties with a Participating
Company. 

 (e) “Change in Control” means, unless such term or an
equivalent term is otherwise defined with respect to an Award by the Participant’s Award Agreement or written contract of employment or service, the occurrence of any of the following: 

(i) an Ownership Change Event or a series of related Ownership Change Events (collectively, a
“Transaction”) in which the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction direct or indirect beneficial ownership of more than fifty
percent (50%) of the total combined voting power of the outstanding securities entitled to vote generally in the election of Directors or, in the case of an Ownership Change Event described in Section 2.1(v)(iii), the entity to which the
assets of the Company were transferred (the “Transferee”), as the case may be; or 
 (ii)
the liquidation or dissolution of the Company. 
 For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation,
an interest resulting from ownership of the voting securities of one or more corporations or other business entities which own the Company or the Transferee, as the case may be, either directly or through one or more subsidiary corporations or other
business entities. The Board shall have the right to determine whether multiple sales or exchanges of the voting securities of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

 (f) “Code” means the Internal Revenue Code of 1986, as amended, and any applicable regulations and
administrative guidelines promulgated thereunder. 
 (g) “Committee” means the compensation committee
or other committee or subcommittee of the Board duly appointed to administer the Plan and having such powers as shall be specified by the Board. Unless the powers of the Committee have been specifically limited, the Committee shall have all of the
powers of the Board granted herein, including, without limitation, the power to amend or terminate the Plan at any time, subject to the terms of the Plan and any applicable limitations imposed by law. 

(h) “Company” means FilmOn.TV Networks Inc., a Delaware corporation, or any successor corporation
thereto. 

  
 2 

 (i) “Consultant” means a person engaged to provide
consulting or advisory services (other than as an Employee or a Director) to a Participating Company, provided that the identity of such person, the nature of such services or the entity to which such services are provided would not preclude the
Company from offering or selling securities to such person pursuant to the Plan in reliance on either the exemption from registration provided by Rule 701 under the Securities Act or, if the Company is required to file reports pursuant to
Section 13 or 15(d) of the Exchange Act, registration on a Form S-8 Registration Statement under the Securities Act. 
 (j)
“Director” means a member of the Board. 
 (k) “Disability”
means the inability of the Participant, in the opinion of a qualified physician acceptable to the Company, to perform the major duties of the Participant’s position with the Participating Company Group because of the sickness or injury of the
Participant. 
 (l) “Employee” means any person treated as an employee (including an Officer or a
Director who is also treated as an employee) in the records of a Participating Company and, with respect to any Incentive Stock Option granted to such person, who is an employee for purposes of Section 422 of the Code; provided, however, that
neither service as a Director nor payment of a director’s fee shall be sufficient to constitute employment for purposes of the Plan. The Company shall determine in good faith and in the exercise of its discretion whether an individual has
become or has ceased to be an Employee and the effective date of such individual’s employment or termination of employment, as the case may be. For purposes of an individual’s rights, if any, under the terms of the Plan as of the time of
the Company’s determination of whether or not the individual is an Employee, all such determinations by the Company shall be final, binding and conclusive as to such rights, if any, notwithstanding that the Company or any court of law or
governmental agency subsequently makes a contrary determination as to such individual’s status as an Employee. 
 (m)
“Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (n) “Fair
Market Value” means, as of any date, the value of a share of Stock or other property as determined by the Board, in its discretion, or by the Company, in its discretion, if such determination is expressly allocated to the Company
herein, subject to the following: 
 (i) If, on such date, the Stock is listed on a national or regional securities exchange or market
system, the Fair Market Value of a share of Stock shall be the closing price of a share of Stock as quoted on the national or regional securities exchange or market system constituting the primary market for the Stock, as reported in The Wall
Street Journal or such other source as the Company deems reliable. If the relevant date does not fall on a day on which the Stock has traded on such securities exchange or market system, the date on which the Fair Market Value shall be
established shall be the last day on which the Stock was so traded prior to the relevant date, or such other appropriate day as shall be determined by the Board, in its discretion. 

  
 3 

 (ii) If, on such date, the Stock is not listed on a national or regional securities exchange or
market system, the Fair Market Value of a share of Stock shall be as determined by the Board in good faith without regard to any restriction other than a restriction which, by its terms, will never lapse, and in a manner consistent with the
requirements of Section 409A of the Code. 
 (o) “Incentive Stock Option” means an Option
intended to be (as set forth in the Award Agreement) and which qualifies as an incentive stock option within the meaning of Section 422(b) of the Code. 

(p) “Insider” means an Officer, a Director or other person whose transactions in Stock are subject to
Section 16 of the Exchange Act. 
 (q) “Insider Trading Policy” means the written policy of the
Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its
securities. 
 (r) “Net-Exercise” means a procedure by which the Participant will be issued a number
of whole shares of Stock upon the exercise of an Option determined in accordance with the following formula: 
 N = X(A-B)/A, where 

“N” = the number of shares of Stock to be issued to the Participant upon exercise of the Option; 

“X” = the total number of shares with respect to which the Participant has elected to exercise the Option; 

“A” = the Fair Market Value of one (1) share of Stock determined on the exercise date; and 

“B” = the exercise price per share (as defined in the Participant’s Award Agreement). 

(s) “Nonstatutory Stock Option” means an Option not intended to be (as set forth in the Award
Agreement) or which does not qualify as an Incentive Stock Option. 
 (t) “Officer” means any
person designated by the Board as an officer of the Company. 
 (u) “Option” means an Incentive Stock
Option or a Nonstatutory Stock Option granted pursuant to the Plan. 
 (v) “Ownership Change Event”
means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of more than fifty percent (50%) of the voting
stock of the Company; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more
subsidiaries of the Company). 

  
 4 

 (w) “Parent Corporation” means any present or future
“parent corporation” of the Company, as defined in Section 424(e) of the Code. 
 (x)
“Participant” means any eligible person who has been granted one or more Awards. 
 (y)
“Participating Company” means the Company or any Parent Corporation or Subsidiary Corporation. 
 (z)
“Participating Company Group” means, at any point in time, all entities collectively which are then Participating Companies. 

(aa) “Restricted Stock Award” means an Award of a Restricted Stock Bonus or a Restricted Stock Purchase
Right. 
 (bb) “Restricted Stock Bonus” means Stock granted to a Participant pursuant to Section 7.

 (cc) “Restricted Stock Purchase Right” means a right to purchase Stock granted to a Participant
pursuant to Section 7. 
 (dd) “Rule 16b-3” means
Rule 16b-3 under the Exchange Act, as amended from time to time, or any successor rule or regulation. 

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

(ff) “Service” means a Participant’s employment or service with the Participating Company Group,
whether in the capacity of an Employee, a Director or a Consultant. Unless otherwise provided by the Board, a Participant’s Service shall not be deemed to have terminated merely because of a change in the capacity in which the Participant
renders such Service or a change in the Participating Company for which the Participant renders such Service, provided that there is no interruption or termination of the Participant’s Service. Furthermore, a Participant’s Service shall
not be deemed to have terminated if the Participant takes any military leave, sick leave, or other bona fide leave of absence approved by the Company. However, unless otherwise provided by the Board, if any such leave taken by a Participant exceeds
ninety (90) days, then on the ninety-first (91st) day following the commencement of such leave the Participant’s Service shall be deemed to have terminated, unless the Participant’s right to return to Service is guaranteed by
statute or contract. Notwithstanding the foregoing, unless otherwise designated by the Company or required by law, an unpaid leave of absence shall not be treated as Service for purposes of determining vesting under the Participant’s Award
Agreement. Except as otherwise provided by the Board, in its discretion, the Participant’s Service shall be deemed to have terminated either upon an actual termination of Service or upon the business entity for which the Participant performs
Service ceasing to be a Participating Company. Subject to the foregoing, the Company, in its discretion, shall determine whether the Participant’s Service has terminated and the effective date of and reason for such termination. 

  
 5 

 (gg) “Stock” means the common stock of the Company, as
adjusted from time to time in accordance with Section 4.2. 
 (hh) “Subsidiary Corporation”
means any present or future “subsidiary corporation” of the Company, as defined in Section 424(f) of the Code. 
 (ii)
“Ten Percent Stockholder” means a person who, at the time an Award is granted to such person, owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of
a Participating Company within the meaning of Section 422(b)(6) of the Code. 
 (jj) “Vesting
Conditions” mean those conditions established in accordance with the Plan prior to the satisfaction of which shares subject to an Award remain subject to forfeiture or a repurchase option in favor of the Company exercisable for
the Participant’s monetary purchase price, if any, for such shares upon the Participant’s termination of Service. 
 2.2
Construction. Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of the Plan. Except when otherwise indicated by the context, the singular shall include the plural
and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires otherwise. 
  

	 	3.	ADMINISTRATION. 

 3.1 Administration by the
Board. The Plan shall be administered by the Board. All questions of interpretation of the Plan, of any Award Agreement or of any other form of agreement or other document employed by the Company in the administration of the Plan or of any Award
shall be determined by the Board, and such determinations shall be final, binding and conclusive upon all persons having an interest in the Plan or such Award, unless fraudulent or made in bad faith. Any and all actions, decisions and determinations
taken or made by the Board in the exercise of its discretion pursuant to the Plan or Award Agreement or other agreement thereunder (other than determining questions of interpretation pursuant to the preceding sentence) shall be final, binding and
conclusive upon all persons having an interest therein. 
 3.2 Authority of Officers. Any Officer shall have the authority to act on
behalf of the Company with respect to any matter, right, obligation, determination or election which is the responsibility of or which is allocated to the Company herein, provided the Officer has apparent authority with respect to such matter,
right, obligation, determination or election. 

  
 6 

 3.3 Powers of the Board. In addition to any other powers set forth in the Plan and subject
to the provisions of the Plan, the Board shall have the full and final power and authority, in its discretion: 
 (a) to determine the
persons to whom, and the time or times at which, Awards shall be granted and the number of shares of Stock to be subject to each Award; 

(b) to determine the type of Award granted; 

(c) to determine the Fair Market Value of shares of Stock or other property; 

(d) to determine the terms, conditions and restrictions applicable to each Award (which need not be identical) and any shares acquired
pursuant thereto, including, without limitation, (i) the exercise or purchase price of shares pursuant to any Award, (ii) the method of payment for shares purchased pursuant to any Award, (iii) the method for satisfaction of any tax
withholding obligation arising in connection with any Award or shares acquired pursuant thereto, including by the withholding or delivery of shares of Stock, (iv) the timing, terms and conditions of the exercisability or vesting of any Award or
shares acquired pursuant thereto, (v) the time of expiration of any Award, (vi) the effect of any Participant’s termination of Service on any of the foregoing, and (vii) all other terms, conditions and restrictions applicable to
any Award or shares acquired pursuant thereto not inconsistent with the terms of the Plan; 
 (e) to approve one or more forms of Award
Agreement; 
 (f) to amend, modify, extend, cancel or renew any Award or to waive any restrictions or conditions applicable to any Award or
any shares acquired pursuant thereto; 
 (g) to accelerate, continue, extend or defer the exercisability or vesting of any Award or any
shares acquired pursuant thereto, including with respect to the period following a Participant’s termination of Service; 
 (h) to
prescribe, amend or rescind rules, guidelines and policies relating to the Plan, or to adopt sub-plans or supplements to, or alternative versions of, the Plan, including, without limitation, as the Board deems necessary or desirable to comply with
the laws of, or to accommodate the tax policy, accounting principles or custom of, foreign jurisdictions whose citizens may be granted Awards; and 

(i) to correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award Agreement and to make all other
determinations and take such other actions with respect to the Plan or any Award as the Board may deem advisable to the extent not inconsistent with the provisions of the Plan or applicable law. 

3.4 Administration with Respect to Insiders. With respect to participation by Insiders in the Plan, at any time that any class of
equity security of the Company is registered pursuant to Section 12 of the Exchange Act, the Plan shall be administered in compliance with the requirements, if any, of Rule 16b-3. 

3.5 Indemnification. In addition to such other rights of indemnification as they may have as members of the Board or as officers or
employees of the Participating Company Group, members of the Board and any officers or employees of the Participating Company Group to whom authority to act for the Board or the Company is delegated shall be indemnified by the Company against all
reasonable expenses, including attorneys’ fees, actually and necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein, to which they or any of them may be a party by reason
of any action taken or failure to act under or in connection with the Plan, or any right granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent legal counsel selected by the
Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such person is liable for gross negligence, bad
faith or intentional misconduct in duties; provided, however, that within sixty (60) days after the institution of such action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at its own expense to handle
and defend the same. 

  
 7 

	 	4.	SHARES SUBJECT TO PLAN. 

4.1 Maximum Number of Shares Issuable. Subject to adjustment as provided in Section 4.2, the maximum aggregate number of shares of
Stock that may be issued under the Plan shall be seven million eight hundred fifty thousand (7,850,000)1 and shall consist of authorized but unissued or reacquired shares of Stock or any
combination thereof. If an outstanding Award for any reason expires or is terminated or canceled or if shares of Stock are acquired pursuant to an Award subject to forfeiture or repurchase and are forfeited or repurchased by the Company for an
amount not greater than the Participant’s exercise or purchase price, the shares of Stock allocable to the terminated portion of such Award or such forfeited or repurchased shares of Stock shall again be available for issuance under the Plan.
Notwithstanding the foregoing, at any such time as the offer and sale of securities pursuant to the Plan is subject to compliance with Section 260.140.45 of Title 10 of the California Code of Regulations
(“Section 260.140.45”), the total number of shares of Stock issuable upon the exercise of all outstanding Awards (together with options outstanding under any other stock plan of the Company) and the total
number of shares provided for under any stock bonus or similar plan of the Company shall not exceed thirty percent (30%) (or such other higher percentage limitation as may be approved by the stockholders of the Company pursuant to
Section 260.140.45) of the then outstanding shares of the Company as calculated in accordance with the conditions and exclusions of Section 260.140.45. 

4.2 Adjustments for Changes in Capital Structure. Subject to any required action by the stockholders of the
Company and the requirements of Sections 409A and 424 of the Code to the extent applicable, in the event of any change in the Stock effected without receipt of consideration by the Company, whether through merger, consolidation, reorganization,
reincorporation, recapitalization, reclassification, stock dividend, stock split, reverse stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, or similar change in the capital structure of the Company, or in the
event of payment of a dividend or distribution to the stockholders of the Company in a form other than Stock (excepting normal cash dividends) that has a material effect on the Fair Market Value of shares of Stock, appropriate and proportionate
adjustments shall be made in the number and kind of shares subject to the Plan and to any outstanding Awards, in the ISO Share Limit set forth in Section 5.3(a), and in the exercise or purchase price per share of any outstanding Awards in order
to prevent dilution or enlargement of Participants’ rights under the Plan. For purposes of the foregoing, conversion of any convertible securities of the Company shall not be treated as “effected without receipt of consideration by the
Company.” If a majority of the shares which are of the same class as the shares that are subject to outstanding Awards are exchanged for, converted into, or otherwise become (whether or not pursuant to an Ownership Change Event) shares of
another corporation (the “New Shares”), the Board may unilaterally amend the outstanding Awards to provide that such Awards are for New Shares. In the event of any such amendment, the number of shares subject to, and the
exercise or purchase price per share of, the outstanding Awards shall be adjusted in a fair and equitable manner as determined by the Board, in its discretion. Any fractional share resulting from an adjustment pursuant to this Section shall be
rounded down to the nearest whole number, and the exercise price per share shall be rounded up to the nearest whole cent. In no event may the exercise or purchase price, if any, under any Award be decreased to an amount less than the par value, if
any, of the stock subject to the Award. Such adjustments shall be determined by the Board, and its determination shall be final, binding and conclusive. 

 

	1 	 Reduced to 2,943,750 shares on
                    , 2015 as a result of a 1-to-            reverse split of the
Company’s common stock. 

  
 8 

	 	5.	ELIGIBILITY AND OPTION LIMITATIONS. 

5.1 Persons Eligible for Awards. Awards may be granted only to Employees, Consultants and Directors. 

5.2 Participation in the Plan. Awards are granted solely at the discretion of the Board. Eligible persons may be granted more than one
Award. However, eligibility in accordance with this Section shall not entitle any person to be granted an Award, or, having been granted an Award, to be granted an additional Award. 

5.3 Incentive Stock Option Limitations. 

(a) Maximum Number of Shares Issuable Pursuant to Incentive Stock Options. Subject to Section 4.1 and adjustment as provided in
Section 4.2, the maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to the exercise of Incentive Stock Options shall not exceed eight million two hundred seventy-three thousand eighty-one
(8,273,081) shares (the “ISO Share Limit”). The maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to all Awards other than Incentive Stock Options shall be the number of
shares determined in accordance with Section 4.1, subject to adjustment as provided in Section 4.2. 
 (b) Persons
Eligible. An Incentive Stock Option may be granted only to a person who, on the effective date of grant, is an Employee. Any person who is not an Employee on the effective date of the grant of an Option to such person may be granted only a
Nonstatutory Stock Option. 
 (c) Fair Market Value Limitation. To the extent that options designated as
Incentive Stock Options (granted under all stock plans of the Participating Company Group, including the Plan) become exercisable by a Participant for the first time during any calendar year for stock having a Fair Market Value greater than One
Hundred Thousand Dollars ($100,000), the portions of such options which exceed such amount shall be treated as Nonstatutory Stock Options. For purposes of this Section 5.3, options designated as Incentive Stock Options shall be taken into
account in the order in which they were granted, and the Fair Market Value of stock shall be determined as of the time the option with respect to such stock is granted. If the Code is amended to provide for a limitation different from that set forth
in this Section, such different limitation shall be deemed incorporated herein effective as of the date and with respect to such Options as required or permitted by such amendment to the Code. If an Option is treated as an Incentive Stock Option in
part and as a Nonstatutory Stock Option in part by reason of the limitation set forth in this Section, the Participant may designate which portion of such Option the Participant is exercising. In the absence of such designation, the Participant
shall be deemed to have exercised the Incentive Stock Option portion of the Option first. Upon exercise of the Option, Shares issued pursuant to each such portion shall be separately identified. 

  
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	 	6.	STOCK OPTIONS. 

 Options shall be
evidenced by Award Agreements specifying the number of shares of Stock covered thereby, in such form as the Board shall from time to time establish. Award Agreements may incorporate all or any of the terms of the Plan by reference and shall comply
with and be subject to the following terms and conditions: 
 6.1 Exercise Price. The exercise price for each Option
shall be established in the discretion of the Board; provided, however, that (a) the exercise price per share for an Option shall be not less than the Fair Market Value of a share of Stock on the effective date of grant of the Option and
(b) no Incentive Stock Option granted to a Ten Percent Stockholder shall have an exercise price per share less than one hundred ten percent (110%) of the Fair Market Value of a share of Stock on the effective date of grant of the Option.
Notwithstanding the foregoing, an Option (whether an Incentive Stock Option or a Nonstatutory Stock Option) may be granted with an exercise price lower than the minimum exercise price set forth above if such Option is granted pursuant to an
assumption or substitution for another option in a manner qualifying under the provisions of Section 424(a) of the Code. 
 6.2
Exercisability and Term of Options. Options shall be exercisable at such time or times, or upon such event or events, and subject to such terms, conditions, performance criteria and restrictions as shall be determined by
the Board and set forth in the Award Agreement evidencing such Option; provided, however, that (a) no Option shall be exercisable after the expiration of ten (10) years after the effective date of grant of such Option and (b) no
Incentive Stock Option granted to a Ten Percent Stockholder shall be exercisable after the expiration of five (5) years after the effective date of grant of such Option. Subject to the foregoing, unless otherwise specified by the Board in the
grant of an Option, any Option granted hereunder shall terminate ten (10) years after the effective date of grant of the Option, unless earlier terminated in accordance with its provisions. 

  
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 6.3 Payment of Exercise Price. 

(a) Forms of Consideration Authorized. Except as otherwise provided below, payment of the exercise price for the number of
shares of Stock being purchased pursuant to any Option shall be made (i) in cash, by check or in cash equivalent, (ii) by tender to the Company, or attestation to the ownership, of shares of Stock owned by the Participant having a Fair
Market Value not less than the exercise price, (iii) by delivery of a properly executed notice of exercise together with irrevocable instructions to a broker providing for the assignment to the Company of the proceeds of a sale or loan with
respect to some or all of the shares being acquired upon the exercise of the Option (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of
the Federal Reserve System) (a “Cashless Exercise”), (iv) by delivery of a properly executed notice electing a Net-Exercise, (v) by such other consideration as may be approved by the Board from time to time to the
extent permitted by applicable law, or (vi) by any combination thereof. The Board may at any time or from time to time grant Options which do not permit all of the foregoing forms of consideration to be used in payment of the exercise price or
which otherwise restrict one or more forms of consideration. 
 (b) Limitations on Forms of Consideration. 

(i) Tender of Stock. Notwithstanding the foregoing, an Option may not be exercised by tender to the Company, or attestation to the
ownership, of shares of Stock to the extent such tender or attestation would constitute a violation of the provisions of any law, regulation or agreement restricting the redemption of the Company’s stock. Unless otherwise provided by the Board,
an Option may not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock unless such shares either have been owned by the Participant for more than six (6) months or such other period, if any, required by the
Company (and were not used for another Option exercise by attestation during such period) or were not acquired, directly or indirectly, from the Company. 

(ii) Cashless Exercise. The Company reserves, at any and all times, the right, in the Company’s sole and absolute
discretion, to establish, decline to approve or terminate any program or procedures for the exercise of Options by means of a Cashless Exercise, including with respect to one or more Participants specified by the Company notwithstanding that such
program or procedures may be available to other Participants. 
 6.4 Effect of Termination of Service. 

(a) Option Exercisability. Subject to earlier termination of the Option as otherwise provided by this Plan
and unless a longer exercise period is provided by the Board, an Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s
termination of Service to the extent it is then vested only during the applicable time period determined in accordance with this Section and thereafter shall terminate: 

(i) Disability. If the Participant’s Service terminates because of the Disability of the Participant, the Option, to the extent
unexercised and exercisable for vested shares on the date on which the Participant’s Service terminated, may be exercised by the Participant (or the Participant’s guardian or legal representative) at any time prior to the expiration of
twelve (12) months after the date on which the Participant’s Service terminated, but in any event no later than the date of expiration of the Option’s term as set forth in the Award Agreement evidencing such Option (the
“Option Expiration Date”). 

  
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 (ii) Death. If the Participant’s Service terminates because of the death of the
Participant, the Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant’s Service terminated, may be exercised by the Participant’s legal representative or other person who acquired the
right to exercise the Option by reason of the Participant’s death at any time prior to the expiration of twelve (12) months after the date on which the Participant’s Service terminated, but in any event no later than the Option Expiration
Date. The Participant’s Service shall be deemed to have terminated on account of death if the Participant dies within three (3) months after the Participant’s termination of Service. 

(iii) Termination for Cause. Notwithstanding any other provision of the Plan to the contrary, if the Participant’s Service is
terminated for Cause, the Option shall terminate in its entirety and cease to be exercisable immediately upon such termination of Service. 

(iv) Other Termination of Service. If the Participant’s Service terminates for any reason, except Disability, death or Cause, the
Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant’s Service terminated, may be exercised by the Participant at any time prior to the expiration of three (3) months after the date on
which the Participant’s Service terminated, but in any event no later than the Option Expiration Date. 
 (b) Extension if
Exercise Prevented by Law. Notwithstanding the foregoing other than termination of Service for Cause, if the exercise of an Option within the applicable time periods set forth in Section 6.4(a) is prevented by the provisions of
Section 11 below, the Option shall remain exercisable until the later of (i) thirty (30) days after the date such exercise first would no longer be prevented by such provisions or (ii) the end of the applicable time period under
Section 6.4(a), but in any event no later than the Option Expiration Date. 
 6.5 Transferability of Options.
During the lifetime of the Participant, an Option shall be exercisable only by the Participant or the Participant’s guardian or legal representative. An Option shall not be subject in any manner to anticipation, alienation, sale, exchange,
transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. Notwithstanding the foregoing, to the extent
permitted by the Board, in its discretion, and set forth in the Award Agreement evidencing such Option, a Nonstatutory Stock Option shall be assignable or transferable subject to the applicable limitations, if any, described in Rule 701 under
the Securities Act, and the General Instructions to Form S-8 Registration Statement under the Securities Act. 

  
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	 	7.	RESTRICTED STOCK AWARDS. 

Restricted Stock Awards shall be evidenced by Award Agreements specifying whether the Award is a Restricted Stock Bonus or a Restricted Stock
Purchase Right and the number of shares of Stock subject to the Award, in such form as the Board shall from time to time establish. Award Agreements evidencing Restricted Stock Awards may incorporate all or any of the terms of the Plan by reference
and shall comply with and be subject to the following terms and conditions: 
 7.1 Types of Restricted Stock Awards Authorized.
Restricted Stock Awards may be granted in the form of either a Restricted Stock Bonus or a Restricted Stock Purchase Right. Restricted Stock Awards may be granted upon such conditions as the Board shall determine, including, without limitation, upon
the attainment of one or more performance goals. 
 7.2 Purchase Price. The purchase price for shares of Stock issuable under each
Restricted Stock Purchase Right shall be established by the Board in its discretion. No monetary payment (other than applicable tax withholding) shall be required as a condition of receiving shares of Stock pursuant to a Restricted Stock Bonus, the
consideration for which shall be services actually rendered to a Participating Company or for its benefit. Notwithstanding the foregoing, if required by applicable state corporate law, the Participant shall furnish consideration in the form of cash
or past services rendered to a Participating Company or for its benefit having a value not less than the par value of the shares of Stock subject to a Restricted Stock Award. 

7.3 Purchase Period. A Restricted Stock Purchase Right shall be exercisable within a period established by the Board, which shall in no
event exceed thirty (30) days from the effective date of the grant of the Restricted Stock Purchase Right. 
 7.4 Payment of
Purchase Price. Except as otherwise provided below, payment of the purchase price for the number of shares of Stock being purchased pursuant to any Restricted Stock Purchase Right shall be made (a) in cash, by check or in cash equivalent,
(b) by such other consideration as may be approved by the Board from time to time to the extent permitted by applicable law, or (c) by any combination thereof. 

7.5 Vesting and Restrictions on Transfer. Shares issued pursuant to any Restricted Stock Award may (but need not) be made subject to
Vesting Conditions based upon the satisfaction of such Service requirements, conditions, restrictions or performance criteria, as shall be established by the Board and set forth in the Award Agreement evidencing such Award. During any period in
which shares acquired pursuant to a Restricted Stock Award remain subject to Vesting Conditions, such shares may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of other than pursuant to an Ownership Change Event or as
provided in Section 7.8. The Board, in its discretion, may provide in any Award Agreement evidencing a Restricted Stock Award that, if the satisfaction of Vesting Conditions with respect to any shares subject to such Restricted Stock Award
would otherwise occur on a day on which the sale of such shares would violate the provisions of the Insider Trading Policy, then satisfaction of the Vesting Conditions automatically shall be determined on the next trading day on which the sale of
such shares would not violate the Insider Trading Policy. Upon request by the Company, each Participant shall execute any agreement evidencing such transfer restrictions prior to the receipt of shares of Stock hereunder and shall promptly present to
the Company any and all certificates representing shares of Stock acquired hereunder for the placement on such certificates of appropriate legends evidencing any such transfer restrictions. 

  
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 7.6 Voting Rights; Dividends and Distributions. Except as provided in this Section,
Section 7.5 and any Award Agreement, during any period in which shares acquired pursuant to a Restricted Stock Award remain subject to Vesting Conditions, the Participant shall have all of the rights of a stockholder of the Company holding
shares of Stock, including the right to vote such shares and to receive all dividends and other distributions paid with respect to such shares. However, in the event of a dividend or distribution paid in shares of Stock or other property or any
other adjustment made upon a change in the capital structure of the Company as described in Section 4.2, any and all new, substituted or additional securities or other property (other than normal cash dividends) to which the Participant is
entitled by reason of the Participant’s Restricted Stock Award shall be immediately subject to the same Vesting Conditions as the shares subject to the Restricted Stock Award with respect to which such dividends or distributions were paid or
adjustments were made. 
 7.7 Effect of Termination of Service. Unless otherwise provided by the Board in the Award Agreement
evidencing a Restricted Stock Award, if a Participant’s Service terminates for any reason, whether voluntary or involuntary (including the Participant’s death or disability), then (a) the Company shall have the option to repurchase
for the purchase price paid by the Participant any shares acquired by the Participant pursuant to a Restricted Stock Purchase Right which remain subject to Vesting Conditions as of the date of the Participant’s termination of Service and
(b) the Participant shall forfeit to the Company any shares acquired by the Participant pursuant to a Restricted Stock Bonus which remain subject to Vesting Conditions as of the date of the Participant’s termination of Service. The Company
shall have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable, to one or more persons as may be selected by the Company. 

7.8 Nontransferability of Restricted Stock Award Rights. Rights to acquire shares of Stock pursuant to a Restricted Stock Award shall
not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or the laws of descent
and distribution. All rights with respect to a Restricted Stock Award granted to a Participant hereunder shall be exercisable during his or her lifetime only by such Participant or the Participant’s guardian or legal representative. 

 

	 	8.	STANDARD FORMS OF AWARD AGREEMENTS. 

8.1 Award Agreements. Each Award shall comply with and be subject to the terms and conditions set forth in the appropriate form of Award
Agreement approved by the Board and as amended from time to time. No Award or purported Award shall be a valid and binding obligation of the Company unless evidenced by a fully executed Award Agreement. Any Award Agreement may consist of an
appropriate form of Notice of Grant and a form of Agreement incorporated therein by reference, or such other form or forms, including electronic media, as the Board may approve from time to time. 

  
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 8.2 Authority to Vary Terms. The Board shall have the
authority from time to time to vary the terms of any standard form of Award Agreement either in connection with the grant or amendment of an individual Award or in connection with the authorization of a new standard form or forms; provided, however,
that the terms and conditions of any such new, revised or amended standard form or forms of Award Agreement are not inconsistent with the terms of the Plan. 
  

	 	9.	CHANGE IN CONTROL. 

9.1 Effect of Change in Control on Awards. Subject to the requirements and limitations of Section 409A of the Code, if applicable, the
Board may provide for any one or more of the following: 
 (a) Accelerated Vesting. The Board may, in its discretion, provide
in any Award Agreement or, in the event of a Change in Control, may take such actions as it deems appropriate to provide for the acceleration of the exercisability and/or vesting in connection with such Change in Control of each or any outstanding
Award or portion thereof and shares acquired pursuant thereto upon such conditions, including termination of the Participant’s Service prior to, upon, or following such Change in Control, to such extent as the Board shall determine. 

(b) Assumption, Continuation or Substitution of Awards. In the event of a Change in Control, the surviving, continuing,
successor, or purchasing corporation or other business entity or parent thereof, as the case may be (the “Acquiror”), may, without the consent of any Participant, assume or continue the Company’s rights and
obligations under each or any Award or portion thereof outstanding immediately prior to the Change in Control or substitute for each or any such outstanding Award or portion thereof a substantially equivalent award with respect to the
Acquiror’s stock. For purposes of this Section, if so determined by the Board, in its discretion, an Award or any portion thereof shall be deemed assumed if, following the Change in Control, the Award confers the right to receive, subject to
the terms and conditions of the Plan and the applicable Award Agreement, for each share of Stock subject to such portion of the Award immediately prior to the Change in Control, the consideration (whether stock, cash, other securities or property or
a combination thereof) to which a holder of a share of Stock on the effective date of the Change in Control was entitled; provided, however, that if such consideration is not solely common stock of the Acquiror, the Board may, with the consent of
the Acquiror, provide for the consideration to be received upon the exercise of the Award for each share of Stock to consist solely of common stock of the Acquiror equal in Fair Market Value to the per share consideration received by holders of
Stock pursuant to the Change in Control. If any portion of such consideration may be received by holders of Stock pursuant to the Change in Control on a contingent or delayed basis, the Board may, in its discretion, determine such Fair Market Value
per share as of the time of the Change in Control on the basis of the Board’s good faith estimate of the present value of the probable future payment of such consideration. Any Award or portion thereof which is neither assumed or continued by
the Acquiror in connection with the Change in Control nor exercised as of the time of consummation of the Change in Control shall terminate and cease to be outstanding effective as of the time of consummation of the Change in Control.
Notwithstanding the foregoing, shares acquired upon exercise of an Award prior to the Change in Control and any consideration received pursuant to the Change in Control with respect to such shares shall continue to be subject to all applicable
provisions of the Award Agreement evidencing such Award except as otherwise provided in such Award Agreement. 

  
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 (c) Cash-Out of Outstanding Awards. The Board may, in its discretion and without
the consent of any Participant, determine that, upon the occurrence of a Change in Control, each or any Award or portion thereof outstanding immediately prior to the Change in Control shall be canceled in exchange for a payment with respect to each
vested share (and each unvested share, if so determined by the Board) of Stock subject to such canceled Award in (i) cash, (ii) stock of the Company or of a corporation or other business entity a party to the Change in Control, or
(iii) other property which, in any such case, shall be in an amount having a Fair Market Value equal to the Fair Market Value of the consideration to be paid per share of Stock in the Change in Control, reduced by the exercise or purchase price
per share, if any, under such Award. If any portion of such consideration may be received by holders of Stock pursuant to the Change in Control on a contingent or delayed basis, the Board may, in its sole discretion, determine such Fair Market Value
per share as of the time of the Change in Control on the basis of the Board’s good faith estimate of the present value of the probable future payment of such consideration. In the event such determination is made by the Board, the amount of
such payment (reduced by applicable withholding taxes, if any) shall be paid to Participants in respect of the vested portions of their canceled Awards as soon as practicable following the date of the Change in Control and in respect of the unvested
portions of their canceled Awards in accordance with the vesting schedules applicable to such Awards. 
 9.2 Federal Excise Tax Under
Section 4999 of the Code. 
 (a) Excess Parachute Payment. If any acceleration of vesting pursuant to an Award and
any other payment or benefit received or to be received by a Participant would subject the Participant to any excise tax pursuant to Section 4999 of the Code due to the characterization of such acceleration of vesting, payment or benefit as an
“excess parachute payment” under Section 280G of the Code, then, provided such election would not subject the Participant to taxation under Section 409A of the Code, the Participant may elect, in his or her sole discretion, to
reduce the amount of any acceleration of vesting called for under the Award in order to avoid such characterization. 
 (b)
Determination by Independent Accountants. To aid the Participant in making any election called for under Section 9.2(a), no later than the date of the occurrence of any event that might reasonably be anticipated to result in an
“excess parachute payment” to the Participant as described in Section 9.2(a), the Company shall request a determination in writing by independent public accountants selected by the Company
(the “Accountants”). As soon as practicable thereafter, the Accountants shall determine and report to the Company and the Participant the amount of such acceleration of vesting, payments and benefits which
would produce the greatest after-tax benefit to the Participant. For the purposes of such determination, the Accountants may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The
Company and the Participant shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make their required determination. The Company shall bear all fees and expenses the Accountants may
reasonably charge in connection with their services contemplated by this Section 9.2(b). 

  
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	 	10.	TAX WITHHOLDING. 

10.1 Tax Withholding in General. The Company shall have the right to deduct from any and all payments made under the Plan, or to require
the Participant, through payroll withholding, cash payment or otherwise, including by means of a Cashless Exercise of an Option, to make adequate provision for, the federal, state, local and foreign taxes (including any social insurance tax), if
any, required by law to be withheld by the Participating Company Group with respect to an Award or the shares acquired pursuant thereto. The Company shall have no obligation to deliver shares of Stock or to release shares of Stock from an escrow
established pursuant to an Award Agreement until the Participating Company Group’s tax withholding obligations have been satisfied by the Participant. 

10.2 Withholding in Shares. The Company shall have the right, but not the obligation, to deduct from the shares of Stock issuable to a
Participant upon the exercise of an Award, or to accept from the Participant the tender of, a number of whole shares of Stock having a Fair Market Value, as determined by the Company, equal to all or any part of the tax withholding obligations of
the Participating Company Group. The Fair Market Value of any shares of Stock withheld or tendered to satisfy any such tax withholding obligations shall not exceed the amount determined by the applicable minimum statutory withholding rates. 

 

	 	11.	COMPLIANCE WITH SECURITIES LAW. 

The grant of Awards and the issuance of shares of Stock pursuant to any Award shall be subject to compliance with all applicable requirements
of federal, state and foreign law with respect to such securities and the requirements of any stock exchange or market system upon which the Stock may then be listed. In addition, no Award may be exercised or shares issued pursuant to an Award
unless (a) a registration statement under the Securities Act shall at the time of such exercise or issuance be in effect with respect to the shares issuable pursuant to the Award or (b) in the opinion of legal counsel to the Company, the
shares issuable pursuant to the Award may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act. The inability of the Company to obtain from any regulatory body having jurisdiction
the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any shares hereunder shall relieve the Company of any liability in respect of the failure to issue or sell such shares as to which
such requisite authority shall not have been obtained. As a condition to issuance of any Stock, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable
law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 
  

	 	12.	AMENDMENT OR TERMINATION OF PLAN. 

The Board may amend, suspend or terminate the Plan at any time. However, without the approval of the Company’s stockholders, there shall
be (a) no increase in the maximum aggregate number of shares of Stock that may be issued under the Plan (except by operation of the provisions of Section 4.2), (b) no change in the class of persons eligible to receive Incentive Stock
Options, and (c) no other amendment of the Plan that would require approval of the Company’s stockholders under any applicable law, regulation or rule, including the rules of any stock exchange or market system upon which the Stock may
then be listed. No amendment, suspension or termination of the Plan shall affect any then outstanding Award unless expressly provided by the Board. Except as provided by the next sentence, no amendment, suspension or termination of the Plan may
adversely affect any then outstanding Award without the consent of the Participant. Notwithstanding any other provision of the Plan or any Award Agreement to the contrary, the Board may, in its sole and absolute discretion and without the consent of
any Participant, amend the Plan or any Award Agreement, to take effect retroactively or otherwise, as it deems necessary or advisable for the purpose of conforming the Plan or such Award Agreement to any present or future law, regulation or rule
applicable to the Plan, including, but not limited to, Section 409A of the Code. 

  
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	13.	MISCELLANEOUS PROVISIONS. 

13.1 Repurchase Rights. Shares issued under the Plan may be subject to a right of first refusal, one or more repurchase options, or
other conditions and restrictions as determined by the Board in its discretion at the time the Award is granted. The Company shall have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable,
to one or more persons as may be selected by the Company. Upon request by the Company, each Participant shall execute any agreement evidencing such transfer restrictions prior to the receipt of shares of Stock hereunder and shall promptly present to
the Company any and all certificates representing shares of Stock acquired hereunder for the placement on such certificates of appropriate legends evidencing any such transfer restrictions. 

13.2 Provision of Information. At least annually, copies of the Company’s balance sheet and income statement for the just
completed fiscal year shall be made available to each Participant and purchaser of shares of Stock upon the exercise of an Award; provided, however, that this requirement shall not apply if all offers and sales of securities pursuant to the Plan
comply with all applicable conditions of Rule 701 under the Securities Act. The Company shall not be required to provide such information to key persons whose duties in connection with the Company assure them access to equivalent information.
The Company shall deliver to each Participant such disclosures as are required in accordance with Rule 701 under the Securities Act. 

13.3 Rights as Employee, Consultant or Director. No person, even though eligible pursuant to Section 5, shall have a right to be
selected as a Participant, or, having been so selected, to be selected again as a Participant. Nothing in the Plan or any Award granted under the Plan shall confer on any Participant a right to remain an Employee, Consultant or Director or interfere
with or limit in any way any right of a Participating Company to terminate the Participant’s Service at any time. To the extent that an Employee of a Participating Company other than the Company receives an Award under the Plan, that Award
shall in no event be understood or interpreted to mean that the Company is the Employee’s employer or that the Employee has an employment relationship with the Company. 

  
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 13.4 Rights as a Stockholder. A Participant shall have no rights as a stockholder with
respect to any shares covered by an Award until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for
dividends, distributions or other rights for which the record date is prior to the date such shares are issued, except as provided in Section 4.2 or another provision of the Plan. 

13.5 Delivery of Title to Shares. Subject to any governing rules or regulations, the Company shall issue or cause to be issued the
shares of Stock acquired pursuant to an Award and shall deliver such shares to or for the benefit of the Participant by means of one or more of the following: (a) by delivering to the Participant evidence of book entry shares of Stock credited to
the account of the Participant, (b) by depositing such shares of Stock for the benefit of the Participant with any broker with which the Participant has an account relationship, or (c) by delivering such shares of Stock to the Participant
in certificate form. 
 13.6 Fractional Shares. The Company shall not be required to issue fractional shares upon the exercise or
settlement of any Award. 
 13.7 Retirement and Welfare Plans. Neither Awards made under this Plan nor shares of Stock or cash paid
pursuant to such Awards shall be included as “compensation” for purposes of computing the benefits payable to any Participant under any Participating Company’s retirement plans (both qualified and non-qualified) or welfare benefit
plans unless such other plan expressly provides that such compensation shall be taken into account in computing such benefits. 
 13.8
Severability. If any one or more of the provisions (or any part thereof) of this Plan shall be held invalid, illegal or unenforceable in any respect, such provision shall be modified so as to make it valid, legal and enforceable, and the
validity, legality and enforceability of the remaining provisions (or any part thereof) of the Plan shall not in any way be affected or impaired thereby. 

13.9 No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the
Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all
or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company to take any action which such entity deems to be necessary or appropriate. 

13.10 Choice of Law. Except to the extent governed by applicable federal law, the validity, interpretation, construction and
performance of the Plan and each Award Agreement shall be governed by the laws of the State of Delaware, without regard to its conflict of law rules. 

13.11 Stockholder Approval. The Plan or any increase in the maximum aggregate number of shares of Stock issuable thereunder as provided
in Section 4.1 (the “Authorized Shares”) shall be approved by a majority of the outstanding securities of the Company entitled to vote by the later of (a) a period beginning twelve
(12) months before and ending twelve (12) months after the date of adoption thereof by the Board or (b) the first issuance of any security pursuant to the Plan in the State of California (within the meaning of Section 25008 of
the California Corporations Code). Awards granted prior to security holder approval of the Plan or in excess of the Authorized Shares previously approved by the security holders shall become exercisable no earlier than the date of security holder
approval of the Plan or such increase in the Authorized Shares, as the case may be, and such Awards shall be rescinded if such security holder approval is not received in the manner described in the preceding sentence. 

  
 19

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