Document:

Exhibit 10.11

 

Specialists
on Call, Inc.

2014 Equity Incentive
Plan

(as amended February
20, 2019)

 

Adopted
by the Board of Directors:
January 21, 2014

Termination Date:
January 21, 2024

 

1. General.

 

(a) Eligible
Award Recipients. Employees, Directors and Consultants are eligible to receive Awards.

 

(b) Available
Awards. The Plan provides for the grant of the following types of Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock
Options, (iii) Stock Appreciation Rights (iv) Restricted Stock Awards, (v) Restricted Stock Unit Awards, and (vi) Other Awards.

 

(c) Purpose.
The Plan, through the granting of Awards, is intended to help the Company secure and retain the services of eligible award recipients,
provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate and provide a means
by which the eligible recipients may benefit from increases in value of the Common Stock.

 

2. Administration.

 

(a) Administration
by Board. The Board will administer the Plan. The Board may delegate administration of the Plan to a Committee or Committees,
as provided in Section 2(c).

 

(b) Powers
of Board. The Board will have the power, subject to, and within the limitations of, the express provisions of the Plan:

 

(i) To
determine (A) who will be granted Awards; (B) when and how each Award will be granted; (C) what type of Award will be granted;
(D) the provisions of each Award (which need not be identical), including when a person will be permitted to exercise or otherwise
receive cash or Common Stock under the Award; (E) the number of shares of Common Stock subject to, or the cash value of, an Award;
and (F) the Fair Market Value applicable to an Award.

 

(ii) To
construe and interpret the Plan and Awards granted under it, and to establish, amend and revoke rules and regulations for its administration
of the Plan and Awards. The Board, in the exercise of these powers, may correct any defect, omission or inconsistency in the Plan
or in any Award Agreement in a manner and to the extent it will deem necessary or expedient to make the Plan or Award fully effective.

 

(iii) To
settle all controversies regarding the Plan and Awards granted under it.

 

(iv) To
accelerate, in whole or in part, the time at which an Award may be exercised or vest (or at which cash or shares of Common Stock
may be issued).

 

(v) To
suspend or terminate the Plan at any time.

 

(vi) To
amend the Plan in any respect the Board deems necessary or advisable, including, without limitation, by adopting amendments relating
to Incentive Stock Options and certain nonqualified deferred compensation under Section 409A and/or to make the Plan or Awards
granted under the Plan exempt from or compliant therewith, subject to the limitations, if any, of applicable law.

 

     

     

    

 

(vii) To
submit any amendment to the Plan for stockholder approval, including, but not limited to, amendments to the Plan intended to satisfy
the requirements of Section 422 of the Code regarding incentive stock options.

 

(viii) To
approve forms of Award Agreements for use under the Plan and to amend the terms of any one or more Awards, including, but not limited
to, amendments to provide terms more favorable to the Participant than previously provided in the Award Agreement, subject to any
specified limits in the Plan that are not subject to Board discretion; provided however, that a Participant’s rights under
any Award will not be impaired by any such amendment unless the Company requests the consent of the affected Participant, and such
Participant consents in writing. Notwithstanding the foregoing, (A) a Participant’s rights will not be deemed to have been
impaired by any such amendment if the Board, in its sole discretion, determines that the amendment, taken as a whole, does not
materially impair the Participant’s rights, and (B) subject to the limitations of applicable law, if any, the Board may amend
the terms of any one or more Awards without the affected Participant’s consent (1) to maintain the qualified status of the
Award as an Incentive Stock Option under Section 422 of the Code; (2) to change the terms of an Incentive Stock Option, if such
change results in impairment of the Award solely because it impairs the qualified status of the Award as an Incentive Stock Option
under Section 422 of the Code; (3) to clarify the manner of exemption from, or to bring the Award into compliance with Section
409A; (4) to correct clerical or typographical errors; or (5) to comply with other applicable laws or listing requirements.

 

(ix) Generally,
to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best interests of the
Company and that are not in conflict with the provisions of the Plan or Awards.

 

(x) To
adopt such procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Employees, Directors
or Consultants who are foreign nationals or employed outside the United States.

 

(xi) To
effect, with the consent of any adversely affected Participant, (A) the reduction of the exercise, purchase or strike price of
any outstanding Award; (B) the cancellation of any outstanding Award and the grant in substitution therefor of a new (1) Option
or SAR, (2) Restricted Stock Award, (3) Restricted Stock Unit Award, (4) Other Award, (5) cash and/or (6) other valuable consideration
determined by the Board, in its sole discretion, with any such substituted award (x) covering the same or a different number of
shares of Common Stock as the cancelled Award and (y) granted under the Plan or another equity or compensatory plan of the Company;
or (C) any other action that is treated as a repricing under generally accepted accounting principles.

 

(c) Delegation
to Committee. The Board may delegate some or all of the administration of the Plan to a Committee or Committees. If administration
of the Plan is delegated to a Committee, the Committee will have, in connection with the administration of the Plan, the powers
theretofore possessed by the Board that have been delegated to the Committee. Any delegation of administrative powers will be reflected
in resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board or Committee
(as applicable). The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time,
revest in the Board some or all of the powers previously delegated.

 

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(d) Delegation
to an Officer. To the extent permitted by law, the Board may delegate to one (1) or more Officers the authority to do one
or both of the following (i) designate Employees who are not Officers to be recipients of Options and SARs (and, to the
extent permitted by applicable law, other Awards) and, to the extent permitted by applicable law, the terms of such Awards,
and (ii) determine the number of shares of Common Stock to be subject to such Awards granted to such Employees. The Board
resolutions regarding such delegation will specify the total number of shares of Common Stock that may be subject to the
Awards granted by such Officer and that such Officer may not grant an Award to himself or herself. Any such Awards will be
granted on the form of Award Agreement most recently approved for use by the Committee or the Board, unless otherwise
provided in the resolutions approving the delegation authority. Unless permitted by applicable law, the Board may not
delegate authority to an Officer who is acting solely in the capacity of an Officer (and not also as a Director) to determine
the Fair Market Value pursuant to Section 13(u)(ii) below (that is, in the absence of a compliant Section 409A
valuation).

 

(e) Effect
of Board’s Decision. All determinations, interpretations and constructions made by the Board in good faith will not be
subject to review by any person and will be final, binding and conclusive on all persons.

 

3. Shares
Subject to the Plan.

 

(a) Subject
to Section 9(a) relating to Capitalization Adjustments, the aggregate number of shares of Common Stock reserved under the Plan
will be 22,798,185 shares (the “Share Reserve”), which is the sum of (i) the initial share reserve of
760,000 shares of Common Stock as of January 21, 2014 (that is, the Effective Date), (ii) an additional 18,477,474 shares of Common
Stock added in January 2016, (iii) an additional 620,711 shares of Common Stock added in February 2019 and (iv) up to all of the
2,940,000 shares that were reserved under the Company’s 2004 Stock Option and Incentive Plan (the “2004 Plan”)
as of the Effective Date, but only if, as and when those shares that were reserved under the 2004 Plan would otherwise be available
for grant (e.g., shares subject to awards granted under the 2004 Plan that expire or terminate for any reason prior to exercise
or settlement, are forfeited because of the failure to vest in those shares, or are otherwise reacquired or withheld to satisfy
a tax withholding obligation). For clarity, (x) if shares are fully and finally issued in respect of awards granted under the 2004
Plan, those shares will not be available for grant under this Plan, and (y) the Share Reserve is a limitation on the number of
shares of Common Stock that may be issued pursuant to the Plan. Accordingly, the Share Reserve does not limit the granting of Awards
except as provided in Section 7(a).

 

(b) Reversion
of Shares to the Share Reserve.

 

(i) If
an Award or any portion thereof (A) expires or otherwise terminates without all of the shares covered by such Award having been
issued or (B) is settled in cash (i.e., the Participant receives cash rather than stock), such expiration, termination or
settlement will not reduce (or otherwise offset) the number of shares of Common Stock that may be available for issuance under
the Plan.

 

(ii) If
any shares of Common Stock issued pursuant to an Award are forfeited back to or repurchased by the Company because of the failure
to meet a contingency or condition required to vest such shares in the Participant, then the shares that are forfeited or repurchased
will revert to and again become available for issuance under the Plan.

 

(iii) Any
shares reacquired by the Company in satisfaction of tax withholding obligations on an Award or as consideration for the exercise
or purchase price of an Award will again become available for issuance under the Plan.

 

(c) Incentive
Stock Option Limit. Subject to Section 9(a) relating to Capitalization Adjustments, the aggregate maximum number of shares
of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options will be equal to 22,798,185 shares (including
shares previously issued under the 2004 Plan).

 

(d) Source
of Shares. The stock issuable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including
shares repurchased by the Company on the open market or otherwise.

 

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4.
Eligibility.

 

(a) Eligibility
for Specific Awards. Incentive Stock Options may be granted only to employees of the Company, or a “parent corporation”
or “subsidiary corporation” thereof (as such terms are defined in Sections 424(e) and 424(f) of the Code). Awards other
than Incentive Stock Options may be granted to Employees, Directors and Consultants; provided, however, that Awards may not be
granted to Employees, Directors and Consultants who are providing Continuous Service only to any “parent” of the Company,
as such term is defined in Rule 405, unless (i) the stock underlying such Awards is treated as “service recipient stock”
under Section 409A (for example, because the Awards are granted pursuant to a corporate transaction, such as a spin off transaction)
or (ii) the Company, in consultation with its legal counsel, has determined that such Awards are otherwise exempt from or alternatively
comply with the distribution requirements of Section 409A.

 

(b) Ten
Percent Stockholders. A Ten Percent Stockholder will not be granted an Incentive Stock Option unless the exercise price of
such Option is at least one hundred ten percent (110%) of the Fair Market Value on the date of grant, and the Option is not exercisable
after the expiration of five (5) years from the date of grant.

 

5.
Provisions Relating
to Options and Stock Appreciation Rights.

 

Each Option or SAR will
be in such form and will contain such terms and conditions as the Board deems appropriate. All Options will be separately designated
Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate
or certificates will be issued for shares of Common Stock purchased on the exercise of each type of Option. If an Option is not
specifically designated as an Incentive Stock Option, or if an Option is designated as an Incentive Stock Option but some portion
or all of the Option fails to qualify as an Incentive Stock Option under the applicable rules, then the Option (or portion thereof)
will be a Nonstatutory Stock Option. The provisions of separate Options or SARs need not be identical. However, each Award Agreement
will conform to (through incorporation of provisions hereof by reference in the applicable Award Agreement or otherwise) the substance
of each of the following provisions:

 

(a) Term.
Subject to the provisions of Section 4(b) regarding Ten Percent Stockholders, no Option or SAR will be exercisable after the expiration
of ten (10) years from the date of its grant or such shorter period specified in the Award Agreement.

 

(b) Exercise
Price. Subject to the provisions of Section 4(b) regarding Ten Percent Stockholders, the exercise or strike price of each Option
or SAR will be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option or SAR
on the date the Award is granted. Notwithstanding the foregoing, an Option or SAR may be granted with an exercise price (or strike
price) lower than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Award if such Award is
granted pursuant to an assumption of or substitution for another option or stock appreciation right pursuant to a Change in Control
and in a manner consistent with the provisions of Section 409A and, if applicable, Section 424(a) of the Code. Each SAR will be
denominated in shares of Common Stock equivalents.

 

(c) Purchase
Price for Options. The purchase price of Common Stock acquired pursuant to the exercise of an Option may be paid, to the extent
permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment
set forth below. The Board will have the authority to grant Options that do not permit all of the following methods of payment
(or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to use
a particular method of payment. The permitted methods of payment are as follows:

 

(i) by
cash, check, bank draft, electronic funds, wire transfer, or money order payable to the Company;

 

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(ii) pursuant
to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of the stock
subject to the Option, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions
to pay the aggregate exercise price to the Company from the sales proceeds;

 

(iii) by
delivery to the Company (either by actual delivery or attestation) of shares of Common Stock;

 

(iv) if
an Option is a Nonstatutory Stock Option, by a “net exercise” arrangement pursuant to which the Company will reduce
the number of shares of Common Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that
does not exceed the aggregate exercise price; provided, however, the Company will accept a cash or other payment from the
Participant to the extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number
of whole shares to be issued; shares of Common Stock will no longer be subject to an Option and will not be exercisable thereafter
under such Option to the extent that (A) shares issuable upon exercise are used to pay the exercise price pursuant to the “net
exercise,” (B) shares are delivered to the Participant as a result of such exercise, and (C) shares are withheld to satisfy
tax withholding obligations – and all of the shares under each of (A) through (C) will be deemed to have been exercised and
issued, and, as applicable, reacquired by the Company;

 

(v) according
to a deferred payment or similar arrangement with the Participant; provided, however, that interest will compound at least
annually and will be charged at the minimum rate of interest necessary to avoid (A) the imputation of interest income to the Company
and compensation income to the Participant under any applicable provisions of the Code, and (B) the classification of the Award
as a liability for financial accounting purposes; or

 

(vi) in
any other form of legal consideration that may be acceptable to the Board and specified in the applicable Award Agreement.

 

(d) Exercise
and Payment of a SAR. To exercise any outstanding SAR, the Participant must provide written notice of exercise to the Company
in compliance with the provisions of the Stock Appreciation Right Agreement evidencing such SAR. The appreciation distribution
payable on the exercise of a SAR will be not greater than an amount equal to the excess of (i) the aggregate Fair Market Value
(on the date of the exercise of the SAR) of a number of shares of Common Stock equal to the number of Common Stock equivalents
in which the Participant is vested under such SAR, and with respect to which the Participant is exercising the SAR on such date,
over (ii) the strike price that will be determined by the Board at the time of grant of the Stock Appreciation Right. The appreciation
distribution in respect to a Stock Appreciation Right may be paid in Common Stock, in cash, in any combination of the two or in
any other form of consideration, as determined by the Board and contained in the Award Agreement evidencing such SAR.

 

(e) Transferability
of Options and SARs. The Board may, in its sole discretion, impose such limitations on the transferability of Options and SARs
as the Board will determine. In the absence of such a determination by the Board to the contrary, the following restrictions on
the transferability of Options and SARs will apply:

 

(i) Restrictions
on Transfer. An Option or SAR will not be transferable except by will or by the laws of descent and distribution (or pursuant
to subsections (ii) and (iii) below) and will be exercisable during the lifetime of the Participant only by the Participant. The
Board may permit transfer of the Option or SAR in a manner that is not prohibited by applicable tax and securities laws. Except
as explicitly provided herein, neither an Option nor a SAR may be transferred for consideration.

 

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(ii) Domestic
Relations Orders. Subject to the approval of the Board or a duly authorized Officer, an Option or SAR may be transferred pursuant
to the terms of a domestic relations order, official marital settlement agreement or other divorce or separation instrument as
permitted by Treasury Regulation 1.421-l(b)(2). If an Option is an Incentive Stock Option, such Option may be deemed to be a Nonstatutory
Stock Option as a result of such transfer.

 

(iii) Beneficiary
Designation. Subject to the approval of the Board or a duly authorized Officer, a Participant may, by delivering written notice
to the Company, in a form approved by the Company (or the designated broker), designate a third party who, on the death of the
Participant, will thereafter be entitled to exercise the Option or SAR and receive the Common Stock or other consideration resulting
from such exercise. In the absence of such a designation, the executor or administrator of the Participant’s estate will
be entitled to exercise the Option or SAR and receive the Common Stock or other consideration resulting from such exercise. However,
the Company may prohibit designation of a beneficiary at any time, including due to any conclusion by the Company that such designation
would be inconsistent with the provisions of applicable laws.

 

(f) Vesting
Generally. The total number of shares of Common Stock subject to an Option or SAR may vest and therefore become exercisable
in periodic installments that may or may not be equal. The Option or SAR may be subject to such other terms and conditions on the
time or times when it may or may not be exercised (which may be based on the satisfaction of performance goals or other criteria)
as the Board may deem appropriate. The vesting provisions of individual Options or SARs may vary. The provisions of this Section
5(f) are subject to any Option or SAR provisions governing the minimum number of shares of Common Stock as to which an Option or
SAR may be exercised.

 

(g) Termination
of Continuous Service. Except as otherwise provided below or in the applicable Award Agreement or other agreement between the
Participant and the Company, if a Participant’s Continuous Service terminates (other than for Cause and other than upon the
Participant’s death or Disability), the Participant may exercise his or her Option or SAR (to the extent that the Participant
was entitled to exercise such Award as of the date of termination of Continuous Service) within the period of time ending on the
earlier of (i) the date three (3) months following the termination of the Participant’s Continuous Service (or such longer
or shorter period specified in the applicable Award Agreement), and (ii) the expiration of the term of the Option or SAR as set
forth in the Award Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Option
or SAR within the applicable time frame, the Option or SAR will terminate.

 

(h) Extension
of Termination Date. Except as otherwise provided in the applicable Award Agreement or other agreement between the Participant
and the Company, if the exercise of an Option or SAR following the termination of the Participant’s Continuous Service (other
than for Cause and other than upon the Participant’s death or Disability) would be prohibited at any time solely because
the issuance of shares of Common Stock would violate the registration requirements under the Securities Act, then the Option or
SAR will terminate on the earlier of (i) the expiration of a total period of three (3) months (that need not be consecutive) after
the termination of the Participant’s Continuous Service during which the exercise of the Option or SAR would not be in violation
of such registration requirements, or (ii) the expiration of the term of the Option or SAR as set forth in the applicable Award
Agreement.

 

(i) Disability
of Participant. Except as otherwise provided in the applicable Award Agreement or other agreement between the Participant
and the Company, if a Participant’s Continuous Service terminates as a result of the Participant’s Disability,
the Participant may exercise his or her Option or SAR (to the extent that the Participant was entitled to exercise such
Option or SAR as of the date of termination of Continuous Service), but only within such period of time ending on the earlier
of (i) the date that is twelve (12) months following such termination of Continuous Service, and (ii) the expiration of the
term of the Option or SAR as set forth in the Award Agreement. If, after termination of Continuous Service, the Participant
does not exercise his or her Option or SAR within the applicable time frame, the Option or SAR (as applicable) will
terminate.

 

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(j) Death
of Participant. Except as otherwise provided in the applicable Award Agreement or other agreement between the Participant and
the Company, if (i) a Participant’s Continuous Service terminates as a result of the Participant’s death, or (ii) the
Participant dies within three (3) months after the termination of the Participant’s Continuous Service (for a reason other
than death or Cause), then the Option or SAR may be exercised (to the extent the Participant was entitled to exercise such Option
or SAR as of the date of death) by the Participant’s estate, by a person who acquired the right to exercise the Option or
SAR by bequest or inheritance or by a person designated to exercise the Option or SAR upon the Participant’s death, but only
within the period ending on the earlier of (A) the date that is twelve (12) months following the date of death, and (B) the expiration
of the term of such Option or SAR as set forth in the Award Agreement. If, after the Participant’s death, the Option or SAR
is not exercised within the applicable time frame, the Option or SAR will terminate.

 

(k) Termination
for Cause. Except as explicitly provided otherwise in a Participant’s Award Agreement or other individual written agreement
between the Company or any Affiliate and the Participant, if a Participant’s Continuous Service is terminated for Cause,
the Option or SAR will terminate immediately upon such Participant’s termination of Continuous Service, and the Participant
will be prohibited from exercising his or her Option or SAR from and after the time of such termination of Continuous Service.

 

(l) Non-Exempt
Employees. If an Option or SAR is granted to an Employee who is a non-exempt employee for purposes of the Fair Labor Standards
Act of 1938, as amended, the Option or SAR will not be first exercisable for any shares of Common Stock until at least six (6)
months following the date of grant of the Option or SAR (although the Award may vest prior to such date). The vested portion of
any Options and SARs may be exercised earlier than six (6) months following the date of grant (i) if such non-exempt Employee dies
or suffers a Disability, (ii) upon a Change in Control or (iii) upon the Participant’s retirement (as such term may be defined
in the Participant’s Award Agreement in another agreement between the Participant and the Company, or, if no such definition,
in accordance with the Company’s then current employment policies and guidelines). The foregoing provision is intended to
operate so that any income derived by a non-exempt employee in connection with the exercise or vesting of an Option or SAR will
be exempt from his or her regular rate of pay and expressly override any stated right to “early exercise” an Option
or SAR as contained in the applicable Award Agreement. To the extent permitted and/or required for compliance with the Worker Economic
Opportunity Act to ensure that any income derived by a non-exempt employee in connection with the exercise, vesting or issuance
of any shares under any other Award will be exempt from the employee’s regular rate of pay, the provisions of this Section
5(l) will apply to all Awards and are hereby incorporated by reference into such Award Agreements.

 

(m) Early
Exercise. An Option may, but need not, include a provision whereby the Participant may elect before the Participant’s
Continuous Service terminates to exercise the Option as to any part or all of the shares of Common Stock subject to the Option
prior to the full vesting of the Option, except as would be inconsistent with Section 5(l). Subject to the repurchase limitation
in Section 8(l), any unvested shares of Common Stock so purchased may be subject to a repurchase option in favor of the Company
or to any other restriction the Board determines to be appropriate. Provided that the repurchase limitation in Section 8(l) is
not violated, the Company shall not be required to exercise its repurchase option until at least six (6) months (or such longer
or shorter period of time required to avoid classification of the Option as a liability for financial accounting purposes) have
elapsed following exercise of the Option unless the Board otherwise specifically provides in the Option Agreement.

 

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6. Provisions
of Awards Other
than Options and SARs.

 

(a) Restricted
Stock Awards. Each Award Agreement will be in such form and will contain such terms and conditions as the Board will deem appropriate.
To the extent consistent with the Company’s bylaws, at the Board’s election, shares of Common Stock may be (i) held
in book entry form subject to the Company’s instructions until any restrictions relating to the Restricted Stock Award lapse;
or (ii) evidenced by a certificate, which certificate will be held in such form and manner as determined by the Board. The terms
and conditions of Award Agreements may change from time to time, and the terms and conditions of separate Award Agreements need
not be identical. Each Award Agreement will conform to (through incorporation of the provisions hereof by reference in the agreement
or otherwise) the substance of each of the following provisions:

 

(i) Consideration.
A Restricted Stock Award may be awarded in consideration for (A) cash, check, bank draft, electronic funds, wire transfer or money
order payable to the Company, (B) past services to the Company or an Affiliate, or (C) any other form of legal consideration that
may be acceptable to the Board, in its sole discretion, and permissible under applicable law.

 

(ii) Vesting.
Shares of Common Stock awarded under the Award Agreement may be subject to forfeiture to the Company in accordance with a vesting
schedule (also referred to as a schedule for lapsing of the Company’s unvested share repurchase rights) to be determined
by the Board.

 

(iii) Termination
of Participant’s Continuous Service. If a Participant’s Continuous Service terminates, the Company may receive
through a forfeiture condition or a repurchase right any or all of the shares of Common Stock held by the Participant that have
not vested as of the date of termination of Continuous Service under the terms of the Award Agreement.

 

(iv) Transferability.
Rights to acquire shares of Common Stock under the Award Agreement will be transferable by the Participant only upon such terms
and conditions as are set forth in the Award Agreement, as the Board will determine in its sole discretion.

 

(v) Dividends.
An Award Agreement may provide that any dividends paid on Restricted Stock will be subject to the same vesting and forfeiture
restrictions as apply to the shares subject to the Restricted Stock Award to which they relate.

 

(b) Restricted
Stock Unit Awards. Each Award Agreement will be in such form and will contain such terms and conditions as the Board deems
appropriate. The terms and conditions of Award Agreements may change from time to time, and the terms and conditions of separate
Award Agreements need not be identical. Each Award Agreement will conform to (through incorporation of the provisions hereof by
reference in the agreement or otherwise) the substance of each of the following provisions:

 

(i) Consideration.
At the time of grant of a Restricted Stock Unit Award, the Board will determine the consideration, if any, to be paid by the Participant
upon delivery of each share of Common Stock subject to the Restricted Stock Unit Award. The consideration to be paid (if any) by
the Participant for each share of Common Stock subject to a Restricted Stock Unit Award may be paid in any form of legal consideration
that may be acceptable to the Board, in its sole discretion, and permissible under applicable law.

 

(ii) Vesting.
At the time of the grant of a Restricted Stock Unit Award, the Board may impose such restrictions on or conditions to the vesting
of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate.

 

(iii) Payment.
A Restricted Stock Unit Award may be settled by the delivery of shares of Common Stock, their cash equivalent, any combination
thereof or in any other form of consideration, as determined by the Board and contained in the Award Agreement.

 

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(iv) Additional
Restrictions. At the time of the grant of a Restricted Stock Unit Award, the Board, as it deems appropriate, may impose such
restrictions or conditions that delay the delivery of the shares of Common Stock (or their cash equivalent) subject to a Restricted
Stock Unit Award to a time after the vesting of such Restricted Stock Unit Award.

 

(v) Dividend
Equivalents. Dividend equivalents may be credited in respect of shares of Common Stock covered by a Restricted Stock Unit Award,
as determined by the Board and contained in the Award Agreement. At the sole discretion of the Board, such dividend equivalents
may be converted into additional shares of Common Stock covered by the Restricted Stock Unit Award in such manner as determined
by the Board. Any additional shares covered by the Restricted Stock Unit Award credited by reason of such dividend equivalents
will be subject to all of the same terms and conditions of the underlying Award Agreement to which they relate.

 

(vi) Termination
of Participant’s Continuous Service. Except as otherwise provided in the applicable Award Agreement, such portion of
the Restricted Stock Unit Award that has not vested will be forfeited upon the Participant’s termination of Continuous Service.

 

(c) Other
Awards. Other forms of Awards valued in whole or in part by reference to, or otherwise based on, Common Stock may be granted
either alone or in addition to Awards provided for under Section 5 and the preceding provisions of this Section 6. Subject to the
provisions of the Plan, the Board will have sole and complete authority to determine the persons to whom and the time or times
at which such Other Awards will be granted, the number of shares of Common Stock (or the cash equivalent thereof) to be granted
pursuant to such Other Awards and all other terms and conditions of such Other Awards.

 

7. Covenants
of the Company.

 

(a) Availability
of Shares. The Company will keep available at all times the number of shares of Common Stock reasonably required to satisfy
then-outstanding Awards.

 

(b) Compliance
with Laws. The Company will use reasonable efforts to seek to obtain from each regulatory commission or agency having jurisdiction
over the Plan such authority as may be required to grant Awards and to issue and sell shares of Common Stock upon exercise of the
Awards; provided,however, that this undertaking
will not require the Company to register under the Securities Act the Plan, any Award or any Common Stock issued or issuable pursuant
to any such Award. If, after reasonable efforts and at a reasonable cost, the Company is unable to obtain from any such regulatory
commission or agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of Common Stock
under the Plan, the Company will be relieved from any liability for failure to issue and sell Common Stock upon exercise of such
Awards unless and until such authority is obtained. A Participant will not be eligible for the grant of an Award or the subsequent
issuance of cash or Common Stock pursuant to the Award if such grant or issuance would be in violation of any applicable law.

 

(c) No
Obligation to Notify or Minimize Taxes. The Company will have no duty or obligation to any Participant to advise such holder
as to the time or manner of exercising such Award. Furthermore, the Company will have no duty or obligation to warn or otherwise
advise such holder of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised.
The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award.

 

8.
Miscellaneous.

 

(a) Use
of Proceeds from Sales of Common Stock. Proceeds from the sale of shares of Common Stock pursuant to Awards will constitute
general funds of the Company.

 

    9

     

    

 

(b) Corporate
Action Constituting Grant of Awards. Corporate action constituting a grant by the Company of an Award to any Participant will
be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless of when the instrument,
certificate, or letter evidencing the Award is communicated to, or actually received or accepted by, the Participant. In the event
that the corporate records (e.g., Board consents, resolutions or minutes) documenting the corporate action constituting the grant
contain terms (e.g., exercise price, vesting schedule or number of shares) that are inconsistent with those in the Award
Agreement as a result of a clerical error in the papering of the Award Agreement, the corporate records will control and the Participant
will have no legally binding right to the incorrect term in the Award Agreement.

 

(c) Stockholder
Rights. No Participant will be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares
of Common Stock subject to such Award unless and until (i) such Participant has satisfied all requirements for exercise of or the
issuance of shares of Common Stock under, the Award pursuant to its terms, if applicable, and (ii) the issuance of the Common Stock
subject to such Award has been entered into the books and records of the Company.

 

(d) No
Employment or Other Service Rights. Nothing in the Plan, any Award Agreement or any other instrument executed thereunder or
in connection with any Award granted pursuant thereto will confer upon any Participant any right to continue to serve the Company
or an Affiliate in the capacity in effect at the time the Award was granted or will affect the right of the Company or an Affiliate
to terminate (i) the employment of an Employee with or without notice and with or without cause, (ii) the service of a Consultant
pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate, or (iii) the service of a Director
pursuant to the bylaws of the Company or an Affiliate, and any applicable provisions of the corporate law of the state in which
the Company or the Affiliate is incorporated, as the case may be.

 

(e) Change
in Time Commitment. In the event a Participant’s regular level of time commitment in the performance of his or her services
for the Company and any Affiliates is reduced (for example, and without limitation, if the Participant is an Employee of the Company
and the Employee has a change in status from a full-time Employee to a part-time Employee) after the date of grant of any Award
to the Participant, the Board has the right in its sole discretion (and without the need to seek or obtain the consent of the affected
Participant) to (i) make a corresponding reduction in the number of shares or cash amount subject to any portion of such Award
that is scheduled to vest or become payable after the date of such change in time commitment, and (ii) in lieu of
or in combination with such a reduction, extend the vesting or payment schedule applicable to such Award. In the event of any such
reduction, the Participant will have no right with respect to any portion of the Award that is so reduced or extended.

 

(f) Incentive
Stock Option Limitations. To the extent that the aggregate Fair Market Value (determined at the time of grant) of Common Stock
with respect to which Incentive Stock Options are exercisable for the first time by any Participant during any calendar year (under
all plans of the Company and any Affiliates) exceeds $100,000 or such other limit established in the Code) or otherwise does not
comply with the rules governing Incentive Stock Options, the Options or portions thereof that exceed such limit (according to the
order in which they were granted) or otherwise do not comply with such rules will be treated as Nonstatutory Stock Options, notwithstanding
any contrary provision of the applicable Option Agreement(s).

 

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(g) Investment
Assurances. The Company may require a Participant, as a condition of exercising or acquiring Common Stock under any
Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in
financial and business matters and/or to employ a purchaser representative reasonably satisfactory to the Company who is
knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or
together with the purchaser representative, the merits and risks of exercising the Award; and (ii) to give written assurances
satisfactory to the Company stating that the Participant is acquiring Common Stock subject to the Award for the
Participant’s own account and not with any present intention of selling or otherwise distributing the Common Stock. The
foregoing requirements, and any assurances given pursuant to such requirements, will be inoperative if (A) the issuance of
the shares upon the exercise or acquisition of Common Stock under the Award has been registered under a then currently
effective registration statement under the Securities Act, or (B) as to any particular requirement, a determination is made
by counsel for the Company that such requirement need not be met in the circumstances under the then applicable securities
laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as
such counsel deems necessary or appropriate to comply with applicable securities laws, including, but not limited to, legends
restricting the transfer of the Common Stock.

 

(h) Withholding
Obligations. The Company may, in its sole discretion, satisfy any federal, state or local tax or social insurance withholding
obligation relating to an Award by any of the following means (in addition to the Company’s right to withhold from any compensation
paid to the Participant by the Company) or by a combination of such means: (i) causing the Participant to tender a cash payment;
(ii) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to the Participant in connection
with the Award; provided, however, that no shares of Common Stock are withheld with a value exceeding
the minimum amount of tax required to be withheld by law (or such lesser amount as may be necessary to avoid classification of
the Award as a liability for financial accounting purposes); (iii) withholding cash from an Award settled in cash; (iv) withholding
payment from any amounts otherwise payable to the Participant; or (v) by such other method as may be set forth in the Award Agreement.

 

(i) Electronic
Delivery. Any reference herein to a “written” agreement or document will include any agreement or document delivered
electronically, filed publicly at www.sec.gov or any successor website thereto) or posted on the Company’s intranet (or other
shared electronic medium controlled by the Company to which the Participant has access).

 

(j) Deferrals.
To the extent permitted by applicable law, the Board, in its sole discretion, may determine that the delivery of Common Stock
or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Award may be deferred and may establish
programs and procedures for deferral elections to be made by Participants. Deferrals by Participants will be made in accordance
with Section 409A. Consistent with Section 409A, the Board may provide for distributions while a Participant is still an employee
or otherwise providing services to the Company. The Board is authorized to make deferrals of Awards and determine when, and in
what annual percentages, Participants may receive payments, including lump sum payments, following the Participant’s termination
of Continuous Service, and implement such other terms and conditions consistent with the provisions of the Plan and in accordance
with applicable law.

 

(k) Compliance
with Section 409A. Unless otherwise expressly provided for in an Award Agreement, the Plan and Award Agreements will be interpreted
to the greatest extent possible in a manner that makes the Plan and the Awards granted hereunder exempt from Section 409A, and,
to the extent not so exempt, in compliance with the requirements of Section 409A. The Plan and Award Agreements will be interpreted
in accordance with Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder, including
without limitation any such regulations or other guidance that may be issued or amended after the Effective Date.

 

(l) Right of
Repurchase. An Award may include a provision whereby the Company may elect to repurchase all or any part of the shares of
Common Stock acquired by the Participant. The terms of any repurchase option shall be specified in the Award Agreement.
Unless otherwise determined by the Board and subject to compliance with applicable laws, the repurchase price for vested
shares of Common Stock will be the Fair Market Value of the shares of Common Stock on the date of repurchase and the
repurchase price for unvested shares of Common Stock will be the lower of (i) the Fair Market Value of the shares of Common
Stock on the date of repurchase or (ii) their original purchase price. The Company will not exercise its repurchase option
until at least six (6) months (or such longer or shorter period of time necessary to avoid classification of the Award as a
liability for financial accounting purposes) have elapsed following delivery of shares of Common Stock subject to the Award,
unless otherwise specifically provided by the Board. The Board reserves the right to assign the Company’s right of
repurchase.

 

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(m) Right
of First Refusal An Award may also include a provision whereby the Company may elect to exercise a right of first refusal following
receipt of notice from the Participant of the intent to transfer all or any part of the shares of Common Stock received under the
Award. Except as expressly provided in this paragraph or in the Award Agreement, such right of first refusal shall otherwise comply
with any applicable provisions of the bylaws of the Company. The Board reserves the right to assign the Company’s right of
first refusal.

 

(n) Compliance
with Exemption from Registration. Unless otherwise determined by the Board, during any period in which the Company does not
have a class of its securities registered under Section 12 of the Exchange Act and is not required to file reports under Section
15(d) of the Exchange Act, Awards, the shares of Common Stock issued under Awards may not be transferred until the Company is no
longer relying on the exemption provided by Rule 12h-1(f) promulgated under the Exchange Act, except: (i) as permitted by Rule
701(c) promulgated under the Securities Act, (ii) to a guardian upon the disability of the Participant, or (iii) to an executor
upon the death of the Participant (collectively, the “Permitted Transferees”). In addition, the Board
may permit transfers by the Participant to the Company, and transfers in connection with a change in control or other acquisition
involving the Company. Any Permitted Transferees may not further transfer the Awards. Except as otherwise expressly permitted in
this paragraph, Awards and shares of Common Stock issued under Awards are restricted as to any pledge, hypothecation, or other
transfer, including any short position, any “put equivalent position” as defined by Rule 16a-1(h) promulgated under
the Exchange Act, or any “call equivalent position” as defined by Rule 16a-1(b) promulgated under the Exchange Act
by the Participant if doing so would require the Company to register a class of its securities under Section 12 of the Exchange
Act or to file reports under Section 15(d) of the Exchange Act. To the extent required by law, including to maintain an exemption
from registration under Section 12 of the Exchange Act, the Company shall deliver to Participants (whether by physical or electronic
delivery or written notice of the availability of the information on an internet site) the information required by Rule 701(e)(3),
(4), and (5) promulgated under the Securities Act every six (6) months, including financial statements that are not more than one
hundred eighty (180) days old; provided, however, that the Company may condition the delivery of such information upon the
Participant’s agreement to maintain its confidentiality.

 

(o) Non
U.S. Participants. To facilitate the making of any grant or combination of grants under this Plan, the Board may provide for
such special terms or procedures for awards to Participants who are foreign nationals or who are employed by the Company or any
Affiliate outside of the United States of America or who provide services to the Company under an agreement with a foreign nation
or agency, as the Board may consider necessary or appropriate to accommodate differences in local law, tax policy, custom securities
or exchange control laws. Moreover, the Board may approve such supplements to or amendments of this Plan (including without limitation,
sub-plans) as it may consider necessary or appropriate for such purposes, without thereby affecting the terms of this Plan as in
effect for any other purpose, and the Secretary or other appropriate officer of the Company may certify any such document as having
been approved and adopted in the same manner as this Plan. No such special terms, supplements, amendments or restatements, however,
will include any provisions that are inconsistent with the terms of this Plan as then in effect unless this Plan could have been
amended to eliminate such inconsistency without further approval by the stockholders of the Company.

 

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9. Adjustments
upon Changes in Common
Stock; Other
Corporate Events.

 

(a) Capitalization
Adjustments. In the event of a Capitalization Adjustment, the Board will appropriately and proportionately adjust: (i) the
class(es) and maximum number of securities subject to the Plan as the Share Reserve, (ii) the class(es) and maximum number of securities
that may be issued pursuant to the exercise of Incentive Stock Options pursuant to Section 3(c), and (iii) the class(es) and number
of securities and price per share subject to outstanding Awards. The Board will make such adjustments, and its determination will
be final, binding and conclusive.

 

(b) Dissolution
or Liquidation. Except as otherwise provided in the Award Agreement, in the event of a dissolution or liquidation of the Company,
all outstanding Awards (other than Awards consisting of vested and outstanding shares of Common Stock not subject to a forfeiture
condition or the Company’s right of repurchase) will terminate immediately prior to the completion of such dissolution or
liquidation, and the shares of Common Stock subject to the Company’s repurchase rights or subject to a forfeiture condition
may be repurchased or reacquired by the Company notwithstanding the fact that the holder of such Award is providing Continuous
Service, provided, however, that the Board may, in its sole discretion, cause some or all Awards to
become fully vested, exercisable and/or no longer subject to repurchase or forfeiture (to the extent such Awards have not previously
expired or terminated) before the dissolution or liquidation is completed but contingent on its completion.

 

(c) Change
in Control. The following provisions will apply to Awards in the event of a Change in Control unless otherwise provided in
the instrument evidencing the Award or any other written agreement between the Company or any Affiliate and the Participant or
unless otherwise expressly provided by the Board at the time of grant of an Award. In the event of a Change in Control, and notwithstanding
any other provision of the Plan, the Board may take one or more of the following actions with respect to Awards, contingent upon
the closing or completion of the Change in Control:

 

(i) arrange
for the surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) to assume
or continue the Award or to substitute a similar stock award for the Award (including, but not limited to, an award to acquire
the same consideration paid to the stockholders of the Company pursuant to the Change in Control);

 

(ii) arrange
for the assignment of any reacquisition or repurchase rights held by the Company in respect of Common Stock issued pursuant to
the Award to the surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company);

 

(iii) accelerate
the vesting, in whole or in part, of the Award (and, if applicable, the time at which the Award may be exercised) to a date prior
to the effective time of such Change in Control as the Board determines (or, if the Board does not determine such a date, to the
date that is five (5) days prior to the effective date of the Change in Control), with such Award terminating if not exercised
(if applicable) immediately prior to the effective time of the Change in Control;

 

(iv) arrange
for the lapse, in whole or in part, of any reacquisition or repurchase rights held by the Company with respect to the Award;

 

(v) cancel
or arrange for the cancellation of the Award, to the extent not vested or not exercised prior to the effective time of the Change
in Control, in exchange for such cash consideration, if any, as the Board, in its sole discretion, may consider appropriate; and

 

(vi) make
a payment, in such form as may be determined by the Board equal to the excess, if any, of (A) the value of the property the Participant
would have received upon the exercise of the Award immediately prior to the effective time of the Change in Control, over (B) any
exercise price payable by such holder in connection with such exercise, in consideration for the termination of such Award at or
immediately prior to the closing. For clarity, this payment may be zero if the fair market value of the property is equal to or
less than the exercise price.

 

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The Board
need not take the same action or actions with respect to all Awards or portions thereof or with respect to all Participants. The
Board may take different actions with respect to the vested and unvested portions of an Award. Only to the extent permitted under
Code Section 409A, the Board may provide that payments under this provision may be delayed to the same extent that payment of consideration
to the holders of the Company’s Common Stock in connection with the Change in Control is delayed as a result of escrows,
earn outs, holdbacks or other contingencies. An Award may be subject to additional acceleration of vesting and exercisability in
connection with a Change in Control as may be provided in the Award Agreement for such Award or as may be provided in any other
written agreement between the Company or any Affiliate and the Participant, but in the absence of such provision, no such acceleration
will occur.

 

10. Term,
Termination and Suspension
of the Plan.

 

The Board
may suspend or terminate the Plan at any time. This Plan will terminate, and no Incentive Stock Option will be granted after January
21, 2024, that is, the tenth (10th) anniversary of the Effective Date. No Awards may be granted under the Plan while
the Plan is suspended or after it is terminated. Suspension or termination of the Plan will not materially impair rights and obligations
under any Award granted while the Plan is in effect except with the written consent of the affected Participant or as otherwise
permitted in the Plan.

 

11. Effective
Date of the Plan.

This Plan became effective on January 21, 2014 –
that is, the Effective Date. 12. Choice
of Law.

 

The laws
of the State of Delaware will govern all questions concerning the construction, validity and interpretation of this Plan, without
regard to that state’s conflict of laws rules.

 

13. Definitions.
As used in the Plan, the following definitions will apply to the capitalized terms indicated below:

 

(a) “Affiliate”
means, at the time of determination, any “parent” or “subsidiary” of the Company as such terms are defined
in Rule 405. The Board will have the authority to determine the time or times at which “parent” or “subsidiary”
status is determined within the foregoing definition.

 

(b) “Award”
means (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Stock Appreciation Rights (iv) Restricted Stock Awards,
(v) Restricted Stock Unit Awards, and (vi) Other Awards.

 

(c) “Award
Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions of
an Award.

 

(d) “Board”
means the Board of Directors of the Company.

 

(e) “Capitalization
Adjustment” means any change that is made in, or other events that occur with respect to, the Common Stock subject
to the Plan or subject to any Award after the Effective Date without the receipt of consideration by the Company through merger,
consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring
cash dividend, stock split, reverse stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate
structure or any similar equity restructuring transaction, as that term is used in Statement of Financial Accounting Standards
Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of
any convertible securities of the Company will not be treated as a Capitalization Adjustment.

 

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(f) “Cause”
will have the meaning ascribed to such term in any written agreement between the Participant and the Company defining such term
as applicable to an Award and, in the absence of such agreement, such terms means, with respect to a Participant, the occurrence
of any of the following events: (i) such Participant’s commission of any felony, (ii) such Participant’s commission
of a crime involving fraud, dishonesty or moral turpitude under the laws of the United States or any state thereof that is reasonably
likely to result in material adverse effects on the Company or commission of any “bad actor” action under Rule 506(d)
of the Securities Act; (iii) such Participant’s intentional, material violation of any corporate policy, or any contract
or agreement between the Participant and the Company or of any statutory duty owed to the Company; (iv) such Participant’s
unauthorized use or disclosure of the Company’s confidential information or trade secrets; or (v) such Participant’s
gross misconduct that is reasonably likely to result in adverse effects on the Company. The determination that a termination of
the Participant’s Continuous Service is either for Cause or without Cause will be made by the Board, in its sole discretion.
Any determination by the Board that the Continuous Service of a Participant was terminated with or without Cause for the purposes
of outstanding Awards held by such Participant will have no effect upon any determination of the rights or obligations of the Company
or such Participant for any other purpose.

 

(g) “Change
in Control” means the occurrence, in a single transaction or in a series of related transactions, of any one or more
of the following events:

 

(i) Any
Exchange Act Person becomes the Owner, directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation
or similar transaction. Notwithstanding the foregoing, a Change in Control will not be deemed to occur (A) on account of the acquisition
of securities of the Company directly from the Company or its authorized underwriter or broker, (B) on account of the acquisition
of securities of the Company by an investor, any affiliate thereof or any other Exchange Act Person that acquires the Company’s
securities in a transaction or series of related transactions the primary purpose of which is to obtain financing for the Company
through the issuance of equity securities, or (C) solely because the level of Ownership held by any Exchange Act Person (the “Subject
Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a
repurchase or other acquisition of voting securities by the Company reducing the number of shares outstanding, provided, however,
that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities
by the Company, and after such share acquisition, the Subject Person becomes the Owner of any additional voting securities that,
assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities
Owned by the Subject Person over the designated percentage threshold, then a Change in Control will be deemed to occur;

 

(ii) there
is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after
the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior thereto
do not Own, directly or indirectly, either (A) outstanding voting securities representing more than fifty percent (50%) of the
combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction or (B) more than
fifty percent (50%) of the combined outstanding voting power of the parent of the surviving Entity in such merger, consolidation
or similar transaction, in each case in substantially the same proportions as their Ownership of the outstanding voting securities
of the Company immediately prior to such transaction; or

 

(iii) there is
consummated a sale, lease, exclusive license or other disposition of all or substantially all of the consolidated assets of
the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the
consolidated assets of the Company and its Subsidiaries to an Entity, more than fifty percent (50%) of the combined voting
power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions as
their Ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, license or other
disposition.

 

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Notwithstanding
the foregoing definition or any other provision of this Plan, (A) the term Change in Control will not include a sale of assets,
merger or other transaction effected exclusively for the purpose of changing the domicile of the Company, and (B) the definition
of Change in Control (or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant
will supersede the foregoing definition with respect to Awards subject to such agreement. To the extent necessary for compliance
with Code Section 409A, no transaction will be a Change in Control unless it is also a change in the ownership or effective control
of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v)
of the Code and Treasury Regulations Section 1.409A-3(i)(5).

 

(h) “Code”
means the Internal Revenue Code of 1986, as amended, including any applicable regulations and guidance thereunder.

 

(i) “Committee”
means a committee of one (1) or more Directors to whom authority has been delegated by the Board in accordance with Section 2(c).

 

(j) “Common
Stock” means the common stock of the Company.

 

(k) “Company”
means Specialists on Call, Inc., a Delaware corporation.

 

(l) “Consultant”
means any person, including an advisor, who is (i) engaged by the Company or an Affiliate to render consulting or advisory services
and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and is compensated
for such services, in either case, only if such person satisfies the requirements to be a consultant for purposes of Rule 701.

 

(m) “Continuous
Service” means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director
or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company
or an Affiliate as an Employee, Consultant or Director or a change in the Entity for which the Participant renders such service,
provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, will
not terminate a Participant’s Continuous Service. If the Entity for which a Participant is rendering services ceases to qualify
as an Affiliate, as determined by the Board, in its sole discretion, such Participant’s Continuous Service will be considered
to have terminated on the date such Entity ceases to qualify as an Affiliate. To the extent permitted by law, the Board or the
chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service will be
considered interrupted in the case of (i) any leave of absence approved by the Board or chief executive officer of the Company,
including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their
successors. Notwithstanding the foregoing, a leave of absence will be treated as Continuous Service for purposes of vesting in
an Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave
of absence agreement or policy applicable to the Participant, or as otherwise required by law.

 

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

 

(o) “Disability”
means, with respect to a Participant, the inability of such Participant to engage in any substantial gainful activity by reason
of any medically determinable physical or mental impairment that can be expected to result in death or that has lasted or can be
expected to last for a continuous period of not less than twelve (12) months, as provided in Sections 22(e)(3) and 409A(a)(2)(c)(i)
of the Code, and will be determined by the Board on the basis of such medical evidence as the Board deems warranted under the circumstances.

 

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(p) “Effective
Date” means the effective date of this Plan, which is the earlier of (i) the date that this Plan is first approved
by the Company’s stockholders and (ii) the date this Plan is adopted by the Board.

 

(q) “Employee”
means any person employed by the Company or an Affiliate. However, service solely as a Director, or payment of a fee for such services,
will not cause a Director to be considered an “Employee” for purposes of the Plan.

 

(r) “Entity”
means a corporation, partnership, limited liability company or other entity.

 

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

 

(t) “Exchange
Act Person” means any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d)
of the Exchange Act), except that “Exchange Act Person” will not include (i) the Company or any Subsidiary, (ii) any
employee benefit plan of the Company or any Subsidiary or any trustee or other fiduciary holding securities under an employee benefit
plan of the Company or any Subsidiary, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities,
(iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their
Ownership of stock of the Company; or (v) any natural person, Entity or “group” (within the meaning of Section 13(d)
or 14(d) of the Exchange Act) that, as of the date of determination, is the Owner, directly or indirectly, of securities of the
Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities.

 

(u) “Fair
Market Value” means, as of any date, the value of the Common Stock determined as follows:

 

(i) If
the Common Stock is listed on any established stock exchange or traded on any established market, the Fair Market Value of a share
of Common Stock will be, unless otherwise determined by the Board, the closing sales price for such stock as quoted on such exchange
or market (or the exchange or market with the greatest volume of trading in the Common Stock) on the date of determination, as
reported in a source the Board deems reliable, or, if there is no closing sales price for the Common Stock on the date of determination,
then the Fair Market Value will be the closing selling price on the last preceding date for which such quotation exists.

 

(ii) In
the absence of such markets for the Common Stock, the Fair Market Value will be determined by the Board in good faith and in a
manner that complies with Sections 409A and 422 of the Code.

 

(v) “Good
Reason” will have the meaning ascribed to such term in any written agreement between the Participant and the Company
defining such term as applicable to an Award and, in the absence of such agreement, such terms means, with respect to a Participant,
the Participant’s resignation from all positions he or she then-holds with the Company following: (i) a reduction in the
Participant’s base salary of more than 10%, which is a material reduction in base salary or (ii) the required relocation
of Participant’s primary work location to a facility that increases his or her one-way commute by more than 40 miles, which
is a material adverse change in geographic location, but, in either case, only if (x) Participant provides written notice to the
Company’s Chief Executive Officer within 30 days following such event identifying the nature of the event, (y) the Company
fails to cure such event within 30 days following receipt of such written notice, and (z) Participant’s resignation is effective
not later than 30 days thereafter.

 

(w) “Incentive
Stock Option” means an option granted under the Plan that is intended to be, and that qualifies as, an “incentive
stock option” within the meaning of Section 422 of the Code.

 

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(x) “Nonstatutory
Stock Option” means any option granted under the Plan that does not qualify as an Incentive Stock Option.

 

(y) “Officer”
means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act.

 

(z) “Option”
means an Incentive Stock Option or a Nonstatutory Stock Option to purchase shares of Common Stock granted pursuant
to the Plan.

 

(aa) “Other
Award” means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the
terms and conditions of Section 6(c).

 

(bb) “Own,”
“Owned,” “Owner,” “Ownership” means a person or Entity
will be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership”
of securities if such person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship
or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities.

 

(cc) “Participant”
means a person to whom an Award is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Award.

 

(dd) “Plan”
means this Specialists on Call, Inc. 2014 Equity Incentive Plan.

 

(ee) “Restricted
Stock Award” means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section
6(a).

 

(ff) “Restricted
Stock Unit Award” means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions
of Section 6(b).

(gg) “Rule
405” means Rule 405 promulgated under the Securities Act. (hh) “Rule
701” means Rule 701 promulgated under the Securities Act.

 

(ii) “Section
409A” means Section 409A of the Code and the regulations and other guidance thereunder and any state law of similar
effect.

 

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

 

(kk) “Stock
Appreciation Right” or “SAR” means a right to receive the appreciation on Common Stock
that is granted pursuant to the terms and conditions of Section 5.

 

(ll) “Subsidiary”
means, with respect to the Company, (i) any corporation of which more than fifty percent (50%) of the outstanding capital stock
having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the
time, stock of any other class or classes of such corporation will have or might have voting power by reason of the happening of
any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company
or other entity in which the Company has a direct or indirect interest (whether in the form of voting or participation in profits
or capital contribution) of more than fifty percent (50%).

 

(mm) “Ten
Percent Stockholder” means a person who Owns (or is deemed to Own pursuant to Section 424(d) of the Code) stock possessing
more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Affiliate.

 

(nn) “Treasury
Regulations” means the final or temporary regulations that have been issued by the U.S. Department of Treasury pursuant
to its authority under the Code, and any successor regulations.

 

    18

     

    

 

Specialists
on Call, Inc.

Option Agreement

 

Pursuant
to your Stock Option Grant Notice (the “Grant Notice”) and this Option Agreement (this “Option
Agreement”), Specialists on Call, Inc. (the “Company”) has granted you an option (the “Option”)
under its 2014 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s
Common Stock indicated in your Grant Notice at the exercise price indicated in your Grant Notice.

 

1. Vesting.
The Option will vest as provided in your Grant Notice. Vesting will cease, in all events, on the termination of your Continuous
Service after taking into account any acceleration that occurs on your termination.

 

2. Number
of Shares and Exercise
Price. The number of shares
of Common Stock subject to the Option and the exercise price per share in your Grant Notice will be adjusted for Capitalization
Adjustments as provided in the Plan.

 

3. Exercise
Restriction for Non-Exempt
Employees. If you are an Employee
eligible for overtime compensation under the Fair Labor Standards Act of 1938, as amended (that is, a “Non-Exempt Employee”),
and except as otherwise provided in the Plan, you may not exercise your Option until you have completed at least six (6) months
of Continuous Service measured from the Date of Grant, even if you have already been an employee for more than six (6) months.
Consistent with the provisions of the Worker Economic Opportunity Act, you may exercise the Option as to any vested portion prior
to such six (6) month anniversary in the case of (i) your death or Disability or (ii) a Change in Control.

 

4. Exercise
prior to Vesting (“Early
Exercise”). If permitted
in your Grant Notice (i.e., the “Exercise Schedule” indicates “Early Exercise Permitted”), you may
elect at any time that is both during the period of your Continuous Service and during the term of your Option, to exercise all
or part of your Option, including the unvested portion of your Option; provided, however, that:

 

(a) if
the exercise restriction for Non-Exempt Employees applies, this Option may not be exercised until such restriction lapses;

 

(b) this
Early Exercise feature will expire immediately on your termination of Continuous Service, immediately prior to the effectiveness
of the Company’s initial public offering of the Common Stock and upon the closing of any Change in Control;

 

(c) a
partial exercise of your Option will be deemed to cover first vested shares of Common Stock and then the earliest vesting installments
of unvested shares of Common Stock; and

 

(d) any
shares of Common Stock so purchased from installments that have not vested as of the date of exercise will be subject to the purchase
option in favor of the Company as described in the Company’s form of Early Exercise Stock Purchase Agreement that will result
in the same vesting as if no early exercise had occurred.

 

     

     

    

 

5. Method
of Payment. You must pay
the full amount of the exercise price for the shares of Common Stock subject to the Option that you wish to exercise. If
permitted in your grant notice, you may pay the exercise price through one or more of the following:

 

(a) Provided
that at the time of exercise the Common Stock is publicly traded, pursuant to a program developed under Regulation T, as promulgated
by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by the
Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds.
This manner of payment is also known as a “broker-assisted exercise,” “same day sale” or “sell to
cover.”

 

(b) If
the Option is a Nonstatutory Stock Option, by a “net exercise” arrangement pursuant to which the Company will reduce
the number of shares of Common Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that
does not exceed the aggregate exercise price. You must submit an additional payment to the extent of any remaining balance of the
aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued.

 

(c) If
permitted by the Board at the time of exercise, by delivery to the Company (either by actual delivery or attestation) of already-owned
shares of Common Stock that are owned free and clear of any liens, claims, encumbrances or security interests, and that are valued
at Fair Market Value on the date of exercise. “Delivery” for these purposes, in the sole discretion of
the Company at the time you exercise the Option (or any vested portion thereof), will include delivery to the Company of your attestation
of ownership of such shares of Common Stock in a form approved by the Company. You may not exercise the Option (or any exercisable
portion thereof) by delivery to the Company of Common Stock if doing so would violate the provisions of any law, regulation or
agreement restricting the redemption of the Company’s stock.

 

6. Whole
Shares. You may exercise
the Option (or any vested portion thereof) only for whole shares of Common Stock.

 

7. Compliance
with Laws. In no event may
you exercise the Option (or any vested portion thereof) unless the shares of Common Stock issuable on exercise are then registered
under the Securities Act or, if not registered, the Company has determined that your exercise and the issuance of the shares would
be exempt from the registration requirements of the Securities Act and compliant with all applicable laws, including the documentation
requirements of Rule 701(e) of the Securities Act. The exercise of the Option (or any vested portion thereof) also must comply
with all other applicable laws and regulations governing the Option. You may not exercise the Option (or any vested portion thereof)
if the Company determines that such exercise would not be in material compliance with such laws and regulations (including any
restrictions on exercise required for compliance with Treasury Regulations Section 1.40l(k)-1(d)(3), if applicable).

 

8. Term.
You may not exercise the Option before the Date of Grant or after the expiration of the term of the Option. The term of the Option
expires, subject to the provisions of the Plan, on the earliest of the following:

 

		(a)	immediately on the termination of your Continuous Service for Cause;

 

    - 2 -

     

    

 

(b) three
(3) months after the termination of your Continuous Service for any reason other than for Cause, your Disability or your death
(except as otherwise provided in Section 9(d) below); provided, however, that if during any part of such three (3)
month period the Option is not exercisable solely because doing so would violate the registration requirements under the Securities
Act, the Option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period
of three (3) months after the termination of your Continuous Service; provided further, that if (i) you are a Non-Exempt
Employee, (ii) your Continuous Service terminates within six (6) months after the Date of Grant, and (iii) you have vested in a
portion of the Option at the time of your termination of Continuous Service, the Option will not expire until the earlier of (A)
the later of (1) the date that is seven (7) months after the Date of Grant, and (2) the date that is three (3) months after the
termination of your Continuous Service, and (B) the Expiration Date;

 

(c) twelve
(12) months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 9(d)
below);

 

(d) twelve
(12) months after your death if you die either during your Continuous Service or within three (3) months after your Continuous
Service terminates for any reason other than Cause;

 

(e) the
Expiration Date indicated in your Grant Notice; or

 

(f) the
day before the tenth (10th) anniversary of the Date of Grant.

 

If the Option is an
Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code
requires that at all times beginning on the Date of Grant and ending on the date that is three (3) months before the date of the
Option’s exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability.
The Company has provided for extended exercisability of the Option under certain circumstances for your benefit but cannot guarantee
that the Option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or
an Affiliate as a Consultant or Director after your employment terminates or if you exercise the Option more than three (3) months
after the date your employment with the Company or an Affiliate terminates.

 

9. Exercise.

 

(a) You
may exercise the vested portion of the Option during its term by (i) delivering a Notice of Exercise (in a form designated by the
Company), or making the required electronic election with the Company’s electronic platform (e.g., Equity Edge) or designated
broker (e.g., E*Trade), and (ii) paying the exercise price and any applicable withholding taxes to the Company’s stock plan
administrator, or to such other person as the Company may designate, together with such additional documents as the Company may
then require.

 

(b) By
exercising the Option you agree that, as a condition to any exercise of the Option, you must enter into an arrangement providing
for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (i) the exercise of
the Option, (ii) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of
exercise, or (iii) the disposition of shares of Common Stock acquired on such exercise.

 

    - 3 -

     

    

 

(c) If
the Option is an Incentive Stock Option, by exercising the Option you agree that you will notify the Company in writing within
fifteen (15) days after the date of any disposition of any of the shares of the Common Stock issued on exercise of the Option that
occurs within two (2) years after the Date of Grant or within one (1) year after such shares of Common Stock are transferred on
exercise of the Option.

 

10. Transferability.
Except as otherwise provided in this Section 10, the Option is not transferable, except by will or by the laws of descent and
distribution, and is exercisable during your life only by you.

 

(a) Certain
Trusts. Upon receiving written permission from the Board or its duly authorized designee, and only if doing so does not violate
Code Section 409A, the incentive stock option rules (if applicable) and applicable securities laws, you may transfer the Option
to a trust if you are considered to be the sole beneficial owner (determined under Section 671 of the Code and applicable state
law) while the Option is held in the trust. You and the trustee must enter into transfer and other agreements required by the Company.

 

(b) Domestic
Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and only if doing so does
not violate Code Section 409A, the incentive stock option rules (if applicable) and applicable securities laws, and provided that
you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer the Option
pursuant to the terms of a court approved domestic relations order, official marital settlement agreement or other divorce or separation
instrument as permitted by Treasury Regulations Section 1.421-l(b)(2) that contains the information required by the Company to
effectuate the transfer. You are encouraged to contact the Company’s Corporate Secretary regarding the proposed terms of
any division of the Option prior to finalizing the domestic relations order or marital settlement agreement to help ensure the
required information is contained within the domestic relations order or marital settlement agreement. If the Option is an Incentive
Stock Option, the Option may be deemed to be a Nonstatutory Stock Option as a result of such transfer.

 

(c) Beneficiary
Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written
notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate
a third party who, on your death, will thereafter be entitled to exercise the Option and receive the Common Stock or other consideration
resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled
to exercise the Option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

 

11. Right
of First Refusal
and Other Prohibition
on Transfer. Before any
shares of Common Stock held by you or any transferee (either being sometimes referred to herein as the
“Holder”) may be sold or otherwise transferred (including transfer by gift or operation of law),
the Company must consent as set forth below and the Company or its assignee(s) shall have a right of first refusal to
purchase such shares on the terms and conditions set forth in this Section 11 (the “Right of First
Refusal”).

 

    - 4 -

     

    

 

(a) Notice of
Proposed Transfer. The Holder of the shares shall deliver to the Company a written notice (the
“Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise transfer such
shares; (ii) the name of each proposed purchaser or other transferee (“Proposed Transferee”); (iii)
the number of shares to be transferred to each Proposed Transferee; (iv) the bona fide cash price or other consideration for
which the Holder proposes to transfer the shares (the “Offered Price”), and (v) that the Holder
shall offer to sell the shares to the Company and/or its assignee(s) at the Offered Price.

 

(b) Exercise
of Right of First Refusal. At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s)
may, by giving written notice to the Holder, elect to purchase any or all of the shares proposed to be transferred to any one or
more of the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below.

 

(c) Purchase
Price. The purchase price (“Purchase Price”) for the shares purchased by the Company or its assignee(s)
shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash
consideration shall be determined by the Board of the Company in good faith.

 

(d) Payment.
Payment of the Purchase Price shall be made, at the option of the Company or its assignee(s), in cash (by check), by cancellation
of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee,
to the assignee), or by any combination thereof.

 

(e) Holder’s
Right to Transfer. If all of the shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased
by the Company and/or its assignee(s) as provided in this Section, then the Holder may sell or otherwise transfer such shares to
that Proposed Transferee at the Offered Price or at a higher price, provided that (i) such sale or other transfer is consummated
within one hundred and twenty (120) days after the date of the Notice, (ii) any such sale or other transfer is effected in accordance
with any applicable securities laws and if requested by the Company, the Holder shall have delivered an opinion of counsel acceptable
to the Company to that effect and (iii) the Proposed Transferee agrees in writing that the provisions of this Section shall continue
to apply to the shares in the hands of such Proposed Transferee. If the shares described in the Notice are not transferred to the
Proposed Transferee within such 120-day period, a new Notice shall be given to the Company, and the Company and/or its assignees
shall again be offered the Right of First Refusal before any Shares held by the Holder may be sold or otherwise transferred.

 

(f) Exempt
Transfers. Notwithstanding anything to the contrary in this Section 4, the following transfers of vested Shares shall be
exempt from the Right of First Refusal: (i) the transfer of any or all of the Shares on your death by will or intestacy to
the your “immediate family” (as defined below) but only if each such transferee or other recipient agrees in a
writing satisfactory to the Company that the Right of First Refusal (and all other restrictions on transfer set forth in this
Agreement) shall continue to apply to the transferred Shares in the hands of such transferee or other recipient; (ii) any
transfer of Shares made pursuant to a statutory merger or statutory consolidation of the Company with or into another
corporation or corporations (except that the Right of First Refusal shall continue to apply thereafter to such Shares, in
which case the surviving corporation of such merger or consolidation shall succeed to the rights or the Company unless the
agreement of merger or consolidation expressly otherwise provides); or (iii) any transfer of Shares pursuant to the winding
up, liquidation or dissolution of the Company. As used herein, the term “immediate family” shall mean the your
spouse, lineal descendant or antecedent, brother or sister, adopted child or grandchild, or the spouse of any child, adopted
child, grandchild or adopted grandchild of yours.

 

    - 5 -

     

    

 

(g) Termination
of Right of First Refusal and Prohibition on Transfer. The Right of First Refusal and the prohibition on transfer set forth
above shall terminate as to all shares issued upon exercise of your Option upon the earlier of (i) first sale of Common Stock of
the Company by the Company to the general public pursuant to a registration statement filed with, and declared effective by, the
U.S. Securities and Exchange Commission under the Securities Act, or (ii) a Change in Control in which the successor corporation
has equity securities that are publicly traded on the New York Stock Exchange or the Nasdaq Global Market or any other exchange
designated by the Board from time to time.

 

12. Option
not a Service Contract.
The Option is not an employment or service contract, and nothing in the Option, the Grant Notice, this Option Agreement or
the Plan will be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company
or an Affiliate, or of the Company or an Affiliate to continue your employment. In addition, nothing in the Option, the Grant
Notice, this Option Agreement or the Plan will obligate the Company or an Affiliate, their respective stockholders, boards of
directors, officers or employees to continue any relationship that you might have as a Director or Consultant for the Company
or an Affiliate.

 

 13. Withholding
Obligations.

 

(a) At
the time you exercise the Option, in whole or in part, and at any time thereafter as the Company requests, you hereby authorize
withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for (including by
means of a “same day sale” pursuant to a program developed under Regulation T as promulgated by the Federal Reserve
Board to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding
obligations of the Company or any Affiliate that arise in connection with the exercise of the Option.

 

(b) You
may not exercise the Option unless the tax withholding obligations of the Company and any Affiliate are satisfied. Accordingly,
you may not be able to exercise the Option when desired even though the Option is vested, and the Company will have no obligation
to issue a certificate for shares of Common Stock unless such obligations are satisfied.

 

 14. Tax
Consequences.

 

(a) No
Obligation to Minimize Taxes. You hereby agree that the Company does not have a duty to design or administer the Plan or
its other compensation programs in a manner that minimizes your tax liabilities. You will not make any claim against the
Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from the Option or
your other compensation. In particular, you acknowledge that the Option is exempt from Section 409A only if the exercise
price per share specified in the Grant Notice is at least equal to the “fair market value” per share of the
Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated with the Option.
Because the Common Stock is not traded on an established securities market, the Fair Market Value is determined by the Board,
which may or may not have been in consultation with an independent valuation firm retained by the Company. You acknowledge
that there is no guarantee that the Internal Revenue Service will agree with the valuation as determined by the Board, and
you shall not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates in the event
that the Internal Revenue Service asserts that the valuation determined by the Board is less than the “fair market
value” as subsequently determined by the Internal Revenue Service.

 

    - 6 -

     

    

 

(b) Early
Exercise – 83(b) Election. You also agree that if you are permitted to exercise this Option prior to vesting,
and in connection with that exercise, you wish to file an “83(b) election”, it is entirely your responsibility to timely
file that election with the applicable taxing authority.

 

(c) Golden
Parachute Taxes. You also agree that if the benefits provided for in connection with this Option or otherwise payable to you
by the Company or any successor thereto (i) constitute “parachute payments” within the meaning of Section 280G of the
Code, and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”),
then your benefits will be either (1) delivered in full or (2) delivered to such lesser extent as would result in no portion of
such benefits being subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal,
state and local income taxes and the Excise Tax, results in the receipt by you on an after-tax basis, of the greatest amount of
benefits, notwithstanding that all or some of such benefits may be taxable under Section 4999 of the Code. On the reasonable request
of the Company, you agree to execute a waiver of your right to receive that portion of any benefits provided hereunder or otherwise,
in a manner that satisfies the stockholder approval requirements under Section 280G(b)(5)(B) of the Code, so that no payment or
benefit provided hereunder or otherwise to you will be a “parachute payment” under Section 280G(b) of the Code.

 

15. Notices.
Any notices provided for in the Option, this Option Agreement, the Grant Notice or the Plan will be given in writing and will
be deemed effectively given on receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after
deposit in the U.S. mail, postage prepaid, addressed to you at the last address you provided to the Company. The Company may, in
its sole discretion, decide to deliver any documents related to participation in the Plan and the Option by electronic means or
to request your consent to participate in the Plan by electronic means. By accepting the Option, you consent to receive such documents
by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the
Company or another third party designated by the Company.

 

16. Governing
Plan Document.
The Option is subject to all the provisions of the Plan, the provisions of which are hereby made a part of the Option, and is further
subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant
to the Plan. In addition, the Option (and any compensation paid or shares issued under the Option) is subject to recoupment in
accordance with The Dodd-Frank Wall Street Reform and Consumer Protection Act and any implementing regulations thereunder, any
clawback policy adopted by the Company and any compensation recovery policy otherwise required by applicable law. No recovery of
compensation under such a clawback policy will be an event giving rise to a right to resign for “good reason” or for
a “constructive termination” (or similar term) under any agreement with the Company.

 

    - 7 -

     

    

 

17. Effect
on Other Employee
Benefit Plans.
The value of the Option will not be included as compensation, earnings, salaries, or other similar terms used when calculating
your benefits under any employee benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly
provides. The Company expressly reserves its rights to amend, modify or terminate any of the Company’s or any Affiliate’s
employee benefit plans.

 

18. Voting
Rights. You will not have
voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to the Option until
such shares are issued to you. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company.
Nothing contained in the Option, and no action taken pursuant to its provisions, will create or be construed to create a trust
of any kind or a fiduciary relationship between you and the Company or any other person.

 

19. Severability.
If all or any part of this Option Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid,
such unlawfulness or invalidity will not invalidate any portion of this Option Agreement or the Plan not declared to be unlawful
or invalid. Any Section of this Option Agreement (or part of such a Section) so declared to be unlawful or invalid will, if possible,
be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible
while remaining lawful and valid.

 

20. Miscellaneous.

 

(a) The
rights and obligations of the Company under the Option will be transferable to any one or more persons or entities, and all covenants
and agreements hereunder will inure to the benefit of, and be enforceable by the Company’s successors and assigns.

 

(b) You
agree on request to execute any further documents or instruments necessary or desirable in the sole determination of the Company
to carry out the purposes or intent of the Option.

 

* * *

 

This Option Agreement, together with any
appendix attached hereto that addresses local or foreign legal requirements, will be deemed to be signed by you on the signing
by you of the Grant Notice to which it is attached.

 

    - 8 -

     

    

 

Attachment: Foreign Laws

(if applicable)

 

Nature
of Grant. In accepting this
Option, you acknowledge that:

 

		1.	The Plan is established voluntarily by the Company, it is discretionary in nature and it may be
modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Option Agreement.

 

		2.	The grant of the Option is voluntary and occasional and does not create any contractual or other
right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the
past.

 

		3.	All decisions with respect to future option grants, if any, will be at the sole discretion of the
Company.

 

		4.	Your participation in the Plan does not create a right to further employment with your employer
or additional time in service with the Company or any of its affiliates, and shall not interfere with the ability of your employer
to terminate your employment relationship (or the ability of the Company or its affiliates to terminate any other service relationship)
at any time with or without cause. The Option will not be interpreted to form an employment contract or relationship with the Company,
your employer, or any subsidiary or affiliate of the Company.

 

		5.	You are voluntarily participating in the Plan.

 

		6.	The Option is an extraordinary item that does not constitute compensation of any kind for services
of any kind rendered to the Company or your employer, and is outside the scope of your employment or service contract, if any.
The Option is not part of your normal or expected compensation or salary for any purpose, including, but not limited to, calculating
any severance, resignation, termination, redundancy, end of service payments, bonuses, long service awards, pension or retirement
benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services
for the Company or your employer.

 

		7.	The future value of the underlying shares of Common Stock is unknown and cannot be predicted with
certainty. If the underlying shares of Common Stock do not increase in value, the Option will have no value. If you purchase the
shares of Common Stock subject to this Option, the value of those shares of Common Stock may increase or decrease.

 

		8.	In consideration of the grant of the Option, no claim or entitlement to compensation or damages
shall arise from termination of the Option or diminution in value of the Option or shares of Common Stock purchased through exercise
of the Option resulting from termination of Optionee’s employment or other service with the Company or the Employer (for
any reason whatsoever) and Optionee irrevocably releases the Company and the Employer from any such
claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen,
then, by signing this Option Agreement, Optionee shall be deemed irrevocably to have waived Optionee’s entitlement to pursue
such claim.

 

    - 9 -

     

    

 

		9.	On the termination of your employment or service, your
right to vest in the Option will terminate effective as of the date that you are no longer actively employed or otherwise providing
service and will not be extended by any notice period mandated under the local law (e.g., active employment would not include
a period of “garden leave” or similar period pursuant to local law). Furthermore, on the termination of employment
or service, your right to exercise the Option, if any, will be measured by the date of termination of your active employment or
service and will not be extended by any notice period mandated under local law. The Company shall have the exclusive discretion
to determine when you are no longer actively employed or rendering services for purposes of this Option.

 

Data
Privacy. In accepting this Option:

 

		1.	You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic
or other form, of your personal data as described in this document by and among, as applicable, you employer, the Company and its
subsidiaries and affiliates for the purpose of implementing, administering and managing your participation in the Plan, as well
as for the purpose of the Company’s compliance with Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, which requires certain public companies to calculate and disclose on an annual basis the ratio of the median of the annual
total compensation of all employees of an issuer as compared to the annual total compensation of its chief executive officer (the
“CEO Pay Ratio”).

 

		2.	You understand that the Company and your employer may hold certain personal information about
you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other
identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all
options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor,
for the purpose of implementing, administering and managing the Plan and complying with the CEO Pay Ratio (“Data”).

 

		3.	You understand that the recipients of the Data may be located in the United States or
                                                                   elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and
                                                                   protections than your country. You understand that you may request a list with the names and addresses of any potential
                                                                   recipients of the Data by contacting your local human resources representative. You authorize the Company and any other
                                                                   possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing
                                                                   the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purpose of
                                                                   implementing, administering and managing your participation in the Plan and
for compliance with the CEO Pay Ratio. You understand that Data will be held only as long as is necessary to implement, administer
and manage your participation in the Plan and as is necessary for compliance with the CEO Pay Ratio. You understand that you may,
at any time, view the Data, request additional information about the storage processing of the Data, require any necessary amendments
to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your local human resources
representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may
contact your local human resources representative.

 

Language.
If you have received this Agreement or any other document related to the Plan translated into a language other than English
and if the translated version is different than the English version, the English version will control.

 

Rules
for Your Specific
Country of Residence.

 

 

- 10 -Exhibit 10.12

		SOC TELEMED, INC.

		2020 EMPLOYEE STOCK PURCHASE PLAN

		1. General; Purpose.

		(a) The Plan provides a means by which Eligible Employees and/or Eligible Service Providers of either the Company or a Designated Company may be given an opportunity to purchase shares of Common Stock. The Plan permits the Company to grant a series of Purchase Rights to Eligible Employees and/or Eligible Service Providers.

		(b) The Company, by means of the Plan, seeks to retain and assist its Related Corporations or Affiliates in retaining the services of such Eligible Employees and Eligible Service Providers, to secure and retain the services of new Eligible Employees and Eligible Service Providers and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Related Corporations and Affiliates.

		(c) The Plan includes two components: a 423 Component and a Non-423 Component. The Company intends (but makes no undertaking or representation to maintain) the 423 Component to qualify as an Employee Stock Purchase Plan. The provisions of the 423 Component, accordingly, will be construed in a manner that is consistent with the requirements of Section 423 of the Code, including without limitation, to extend and limit Plan participation in a uniform and non-discriminating basis. In addition, this Plan authorizes grants of Purchase Rights under the Non-423 Component that do not meet the requirements of an Employee Stock Purchase Plan. Except as otherwise provided in the Plan or determined by the Board, the Non-423 Component will operate and be administered in the same manner as the 423 Component. In addition, the Company may make separate Offerings which vary in terms (provided that such terms are not inconsistent with the provisions of the Plan and, with respect to the 423 Component, the requirements of an Employee Stock Purchase Plan), and the Company will designate which Designated Company is participating in each separate Offering and if any Eligible Service Providers will be eligible to participate in a separate Offering. Eligible Employees will be able to participate in the 423 Component or Non-423 Component of the Plan. Eligible Service Providers will only be able to participate in the Non-423 Component of the Plan.

		2. Administration.

		(a) The Board will administer the Plan unless and until the Board delegates administration of the Plan to a Committee or Committees, as provided in Section 2(c).

		(b) The Board will have the power, subject to, and within the limitations of, the express provisions of the Plan:

		(i) To determine how and when Purchase Rights will be granted and the provisions of each Offering (which need not be identical).

		(ii) To designate from time to time which Related Corporations will be eligible to participate in the Plan as Designated 423 Corporations or as Designated Non-423 Corporations, which Affiliates will be eligible to participate in the Plan as Designated Non-423 Corporations, and which Designated Companies will participate in each separate Offering (to the extent that the Company makes separate Offerings).

		(iii) To designate from time to time which persons will be Eligible Service Providers and which Eligible Service Providers will participate in each separate Offering (to the extent that the Company makes separate Offerings).

		(iv) To construe and interpret the Plan and Purchase Rights, and to establish, amend and revoke rules and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan, in a manner and to the extent it deems necessary or expedient to make the Plan fully effective.

		(v) To settle all controversies regarding the Plan and Purchase Rights granted under the Plan.

		(vi) To suspend or terminate the Plan at any time as provided in Section 12.

		

		 

	
		(vii) To amend the Plan at any time as provided in Section 12.

		(viii) Generally, to exercise such powers and to perform such acts as it deems necessary or expedient to promote the best interests of the Company, its Related Corporations, and Affiliates and to carry out the intent that the 423 Component be treated as an Employee Stock Purchase Plan.

		(ix) To adopt such rules, procedures and sub-plans relating to the operation and administration of the Plan as are necessary or appropriate under applicable local laws, regulations and procedures to permit or facilitate participation in the Plan by Employees or Eligible Service Providers who are non-U.S. nationals or employed or providing services or located or otherwise subject to the laws of a jurisdiction outside the United States. Without limiting the generality of, but consistent with, the foregoing, the Board specifically is authorized to adopt rules, procedures, and sub-plans, which, for purposes of the Non-423 Component, may be beyond the scope of Section 423 of the Code, regarding, without limitation, eligibility to participate in the Plan, handling and making of Contributions, establishment of bank or trust accounts to hold Contributions, payment of interest, conversion of local currency, obligations to pay payroll tax, determination of beneficiary designation requirements, withholding procedures and handling of share issuances, any of which may vary according to applicable requirements.

		(c) The Board may delegate some or all of the administration of the Plan to a Committee or Committees. If administration is delegated to a Committee, the Committee will have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been delegated to the Committee, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board will thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time, revest in the Board some or all of the powers previously delegated. Whether or not the Board has delegated administration of the Plan to a Committee, the Board will have the final power to determine all questions of policy and expediency that may arise in the administration of the Plan.

		(d) All determinations, interpretations and constructions made by the Board in good faith will not be subject to review by any person and will be final, binding and conclusive on all persons.

		3. Shares of Common Stock Subject to the Plan.

		(a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, the maximum number of shares of Common Stock that may be issued under the Plan will not exceed 2% of the fully diluted capitalization of the Company on the Effective Date, plus the number of shares of Common Stock that are automatically added on the first day of each Fiscal Year beginning with the 2021 Fiscal Year and ending on (and including) the first day of the 2031 Fiscal Year, in an amount equal to 1% of the total number of shares of Common Stock outstanding on the last day of the calendar month prior to the date of such automatic increase. Notwithstanding the foregoing, the Board may act prior to the first day of any fiscal year to provide that there will be no increase in the share reserve for such fiscal year or that the increase in the share reserve for such fiscal year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence.

		(b) If any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under such Purchase Right will again become available for issuance under the Plan.

		(c) The stock purchasable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the open market.

		4. Grant of Purchase Rights; Offering.

		(a) The Board may from time to time grant or provide for the grant of Purchase Rights to Eligible Employees and/or Eligible Service Providers under an Offering (consisting of one or more Purchase Periods) on an Offering Date or Offering Dates selected by the Board. Each Offering will be in such form and will contain such terms and conditions as the Board will deem appropriate, and, with respect to the 423 Component, will comply with the requirement of Section 423(b)(5) of the Code that all Employees granted Purchase Rights will have the same rights and privileges. The terms and conditions of an Offering will be incorporated by reference into the Plan and treated as part of the Plan. The provisions of separate Offerings need not be identical, but each Offering will include (through 

		

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		incorporation of the provisions of this Plan by reference in the Offering Document or otherwise) the period during which the Offering will be effective, which period will not exceed 27 months beginning with the Offering Date, and the substance of the provisions contained in Sections 5 through 8, inclusive.

		(b) If a Participant has more than one Purchase Right outstanding under the Plan, unless he or she otherwise indicates in forms delivered to the Company: (i) each form will apply to all of his or her Purchase Rights under the Plan, and (ii) a Purchase Right with a lower exercise price (or an earlier-granted Purchase Right, if different Purchase Rights have identical exercise prices) will be exercised to the fullest possible extent before a Purchase Right with a higher exercise price (or a later-granted Purchase Right if different Purchase Rights have identical exercise prices) will be exercised.

		(c) The Board will have the discretion to structure an Offering so that if the Fair Market Value of a share of Common Stock on the first Trading Day of a new Purchase Period within that Offering is less than or equal to the Fair Market Value of a share of Common Stock on the Offering Date for that Offering, then (i) that Offering will terminate immediately as of that first Trading Day, and (ii) the Participants in such terminated Offering will be automatically enrolled in a new Offering beginning on the first Trading Day of such new Offering Period and Purchase Period.

		5. Eligibility.

		(a) Purchase Rights may be granted only to Employees of the Company or, as the Board may designate in accordance with Section 2(b), to Employees of a Related Corporation or, solely with respect to the Non-423 Component, Employees of an Affiliate or Eligible Service Providers.

		(b) The Board may provide that Employees will not be eligible to be granted Purchase Rights under the Plan if, on the Offering Date, the Employee (i) has not completed at least two (2) years of service since the Employee’s last hire date (or such lesser period of time as may be determined by the Board in its discretion), (ii) customarily works not more than twenty (20) hours per week (or such lesser period of time as may be determined by the Board in its discretion), (iii) customarily works not more than five (5) months per calendar year (or such lesser period of time as may be determined by the Board in its discretion), (iv) is an Officer, (v) is a highly compensated employee within the meaning of Section 423(b)(4)(D) of the Code, or (vi) has not satisfied such other criteria as the Board may determine consistent with Section 423 of the Code. Unless otherwise determined by the Board for any Offering Period, an Employee will not be eligible to be granted Purchase Rights unless, on the Offering Date, the Employee customarily works more than twenty (20) hours per week and more than five (5) months per calendar year.

		(c) No Employee will be eligible for the grant of any Purchase Rights if, immediately after any such Purchase Rights are granted, such Employee owns stock possessing five (5) percent or more of the total combined voting power or value of all classes of stock of the Company or of any Related Corporation. For purposes of this Section 5(c), the rules of Section 424(d) of the Code will apply in determining the stock ownership of any Employee, and stock which such Employee may purchase under all outstanding Purchase Rights and options will be treated as stock owned by such Employee.

		(d) As specified by Section 423(b)(8) of the Code, an Eligible Employee may be granted Purchase Rights only if such Purchase Rights, together with any other rights granted under all Employee Stock Purchase Plans of the Company and any Related Corporations, do not permit such Eligible Employee’s rights to purchase stock of the Company or any Related Corporation to accrue at a rate which, when aggregated, exceeds U.S. $25,000 of Fair Market Value of such stock (determined at the time such rights are granted, and which, with respect to the Plan, will be determined as of their respective Offering Dates) for each calendar year in which such rights are outstanding at any time.

		(e) An Eligible Service Provider will not be eligible to be granted Purchase Rights unless the Eligible Service Provider is providing bonafide services to the Company or a Designated Company on the applicable Offering Date.

		(f) Notwithstanding anything set forth herein except for Section 5(e) above, the Board may establish additional eligibility requirements, or fewer eligibility requirements, for Employees and/or Eligible Service Providers with respect to Offerings made under the Non-423 Component even if such requirements are not consistent with Section 423 of the Code.

		

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		6. Purchase Rights; Purchase Price.

		(a) On each Offering Date, each Eligible Employee or Eligible Service Provider, pursuant to an Offering made under the Plan, will be granted a Purchase Right to purchase up to that number of shares of Common Stock (rounded down to the nearest whole share) purchasable either with a percentage or with a maximum dollar amount, as designated by the Board; provided however, that in the case of Eligible Employees, such percentage or maximum dollar amount will in either case not exceed 15% of such Employee’s eligible earnings (as defined by the Board in each Offering) during the period that begins on the Offering Date (or such later date as the Board determines for a particular Offering) and ends on the date stated in the Offering, which date will be no later than the end of the Offering, unless otherwise provided for in an Offering.

		(b) The Board will establish one or more Purchase Dates during an Offering on which Purchase Rights granted for that Offering will be exercised and shares of Common Stock will be purchased in accordance with such Offering.

		(c) In connection with each Offering made under the Plan, the Board may specify (i) a maximum number of shares of Common Stock that may be purchased by any Participant on any Purchase Date during such Offering, (ii) a maximum aggregate number of shares of Common Stock that may be purchased by all Participants pursuant to such Offering, and (iii) a maximum aggregate number of shares of Common Stock that may be purchased by all Participants on any Purchase Date under the Offering. If the aggregate purchase of shares of Common Stock issuable on exercise of Purchase Rights granted under the Offering would exceed any such maximum aggregate number, then, in the absence of any Board action otherwise, a pro rata (based on each Participant’s accumulated Contributions) allocation of the shares of Common Stock (rounded down to the nearest whole share) available will be made in as nearly a uniform manner as will be practicable and equitable.

		(d) The purchase price of shares of Common Stock acquired pursuant to Purchase Rights will be not less than the lesser of:

		(i) an amount equal to 85% of the Fair Market Value of the shares of Common Stock on the Offering Date; or

		(ii) an amount equal to 85% of the Fair Market Value of the shares of Common Stock on the applicable Purchase Date.

		7. Participation; Withdrawal; Termination.

		(a) An Eligible Employee may elect to authorize payroll deductions as the means of making Contributions by completing and delivering to the Company, within the time specified by the Company, an enrollment form provided by the Company or any third party designated by the Company (each, a “Company Designee”). The enrollment form will specify the amount of Contributions not to exceed the maximum amount specified by the Board. Each Participant’s Contributions will be credited to a bookkeeping account for such Participant under the Plan and will be deposited with the general funds of the Company except where applicable laws or regulations require that Contributions be deposited with a Company Designee or otherwise be segregated.

		(b) If permitted in the Offering, a Participant may begin Contributions with the first payroll or payment date occurring on or after the Offering Date (or, in the case of a payroll date or payment date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, Contributions from such payroll or payment will be included in the new Offering) or on such other date as set forth in the Offering. If permitted in the Offering, a Participant may thereafter reduce (including to zero) or increase his or her Contributions. If required under applicable laws or regulations or if specifically provided in the Offering, in addition to or instead of making Contributions by payroll deductions, a Participant may make Contributions through a payment by cash, check (subject to collection), or wire transfer prior to a Purchase Date, in a manner directed by the Company or a Company Designee.

		(c) During an Offering, a Participant may cease making Contributions and withdraw from the Offering by delivering to the Company or a Company Designee a withdrawal form provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. On such withdrawal, such Participant’s Purchase Right in that Offering will immediately terminate and the Company will distribute as soon as practicable to such Participant all of his or her accumulated but unused Contributions without interest and such Participant’s Purchase Right in that Offering will then terminate. A Participant’s withdrawal from that Offering will have no effect on his or her eligibility to participate in any other Offerings under the Plan, but such Participant will be required to deliver a new enrollment form to participate in subsequent Offerings.

		

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		(d) Purchase Rights granted pursuant to any Offering under the Plan will terminate immediately if the Participant either (i) is no longer an Eligible Employee or Eligible Service Provider for any reason or for no reason, or (ii) is otherwise no longer eligible to participate. The Company shall have the exclusive discretion to determine when a Participant is no longer actively providing services and the date of the termination of employment or service for purposes of the Plan. As soon as practicable, the Company will distribute to such individual all of his or her accumulated but unused Contributions without interest.

		(e) During a Participant’s lifetime, Purchase Rights will be exercisable only by such Participant. Purchase Rights are not transferable by a Participant, except by will, by the laws of descent and distribution, or, if permitted by the Company, by a beneficiary designation as described in Section 10.

		(f) Unless otherwise specified in the Offering or required by applicable laws, the Company will have no obligation to pay interest on Contributions.

		8. Exercise of Purchase Rights.

		(a) On each Purchase Date, each Participant’s accumulated Contributions will be applied to the purchase of shares of Common Stock (rounded down to the nearest whole share), up to the maximum number of shares of Common Stock permitted by the Plan and the applicable Offering, at the purchase price specified in the Offering. No fractional shares will be issued unless specifically provided for in the Offering. Shares of Common Stock acquired on exercise of Purchase Rights shall, in the sole discretion of the Company, be (and, subject to the terms of this Plan, remain) held in each Participant’s name by such broker(s) as may be selected by the Company from time to time.

		(b) Unless otherwise provided in the Offering, if any amount of accumulated Contributions remains in a Participant’s account after the purchase of shares of Common Stock on the final Purchase Date in an Offering, then such remaining amount will roll over to the next Offering.

		(c) No Purchase Rights may be exercised to any extent unless the shares of Common Stock to be issued on such exercise under the Plan are covered by an effective registration statement pursuant to the Securities Act and the Plan is in material compliance with all applicable U.S. federal and state, non-U.S. and other securities, exchange control, and other laws applicable to the Plan. If on a Purchase Date the shares of Common Stock are not so registered or the Plan is not in such compliance, no Purchase Rights will be exercised on such Purchase Date, and the Purchase Date will be delayed until the shares of Common Stock are subject to such an effective registration statement and the Plan is in material compliance, except that the Purchase Date will in no event be more than three (3) months from the original Purchase Date. If, on the Purchase Date, as delayed to the maximum extent permissible, the shares of Common Stock are not registered and the Plan is not in material compliance with all applicable laws or regulations, as determined by the Company in its sole discretion, no Purchase Rights will be exercised and all accumulated but unused Contributions will be distributed as soon as practicable to the Participants without interest.

		9. Covenants of the Company. The Company will seek to obtain from each U.S. federal or state, non-U.S. or other regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Purchase Rights and issue and sell shares of Common Stock thereunder unless the Company determines, in its sole discretion, that doing so would cause the Company to incur costs that are unreasonable. If, after commercially reasonable efforts, the Company is unable to obtain the authority that counsel for the Company deems necessary for the grant of Purchase Rights or the lawful issuance and sale of Common Stock under the Plan, and at a commercially reasonable cost, the Company will be relieved from any liability for failure to grant Purchase Rights or to issue and sell Common Stock on exercise of such Purchase Rights.

		10. Designation of Beneficiary.

		(a) The Company may, but is not obligated to, permit a Participant to submit a form designating a beneficiary who will receive any shares of Common Stock or Contributions from the Participant’s account under the Plan if the Participant dies before such shares or Contributions are delivered to the Participant. The Company may, but is not obligated to, permit the Participant to change such designation of beneficiary. Any such designation or change must be on a form approved by the Company or as approved by the Company for use by a Company Designee.

		(b) If a Participant dies, in the absence of a valid beneficiary designation, the Company will deliver any shares of Common Stock and Contributions to the executor or administrator of the estate of the Participant. If no executor or administrator has been appointed (to the knowledge of the Company), the Company, in its sole 

		

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		discretion, may subject delivery of such shares of Common Stock and Contributions to the appointment of an estate representative, deliver such shares of Common Stock and Contributions, without interest, to the Participant’s spouse, dependents or relatives (or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate), or take such other action as permitted by applicable law.

		11. Capitalization Adjustments; Dissolution or Liquidation; Corporate Transactions.

		(a) In the event of a Capitalization Adjustment, the Board will appropriately and proportionately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a), (ii) the class(es) and maximum number of securities by which the share reserve is to increase automatically each year pursuant to Section 3(a), (iii) the class(es) and number of securities subject to, and the purchase price applicable to outstanding Offerings and Purchase Rights, and (iv) the class(es) and number of securities that are the subject of the purchase limits under each ongoing Offering. The Board will make these adjustments, and its determination will be final, binding, and conclusive.

		(b) In the event of a dissolution or liquidation of the Company, the Board will shorten any Offering then in progress by setting a New Purchase Date prior to the consummation of such proposed dissolution or liquidation. The Board will notify each Participant in writing, prior to the New Purchase Date that the Purchase Date for the Participant’s Purchase Rights has been changed to the New Purchase Date and that such Purchase Rights will be automatically exercised on the New Purchase Date, unless prior to such date the Participant has withdrawn from the Offering as provided in Section 7.

		(c) In the event of a Corporate Transaction, then: (i) any surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) may assume or continue outstanding Purchase Rights or may substitute similar rights (including a right to acquire the same consideration paid to the stockholders in the Corporate Transaction) for outstanding Purchase Rights, or (ii) if any surviving or acquiring corporation (or its parent company) does not assume or continue such Purchase Rights or does not substitute similar rights for such Purchase Rights, then the Participants’ accumulated Contributions will be used to purchase shares of Common Stock (rounded down to the nearest whole share) prior to the Corporate Transaction under the outstanding Purchase Rights (with such actual date to be determined by the Board in its sole discretion), and the Purchase Rights will terminate immediately after such purchase. The Board will notify each Participant in writing, prior to the New Purchase Date that the Purchase Date for the Participant’s Purchase Rights has been changed to the New Purchase Date and that such Purchase Rights will be automatically exercised on the New Purchase Date, unless prior to such date the Participant has withdrawn from the Offering as provided in Section 7.

		12. Amendment, Termination or Suspension of the Plan.

		(a) The Board may amend the Plan at any time in any respect the Board deems necessary or advisable. However, except as provided in Section 11(a) relating to Capitalization Adjustments, stockholder approval will be required for any amendment of the Plan for which stockholder approval is required by applicable laws, regulations or listing requirements, including any amendment that either (i) increases the number of shares of Common Stock available for issuance under the Plan, (ii) expands the class of individuals eligible to become Participants and receive Purchase Rights, (iii) materially increases the benefits accruing to Participants under the Plan or reduces the price at which shares of Common Stock may be purchased under the Plan, (iv) extends the term of the Plan, or (v) expands the types of awards available for issuance under the Plan, but in each of (i) through (v) above only to the extent stockholder approval is required by applicable laws, regulations, or listing requirements.

		(b) The Board may suspend or terminate the Plan at any time. No Purchase Rights may be granted under the Plan while the Plan is suspended or after it is terminated.

		(c) Any benefits, privileges, entitlements, and obligations under any outstanding Purchase Rights granted before an amendment, suspension, or termination of the Plan will not be materially impaired by any such amendment, suspension, or termination except (i) with the consent of the person to whom such Purchase Rights were granted, (ii) as necessary to comply with any laws, listing requirements, or governmental regulations (including, without limitation, the provisions of Section 423 of the Code and the regulations and other interpretive guidance issued thereunder relating to Employee Stock Purchase Plans) including without limitation any such regulations or other guidance that may be issued or amended after the date the Plan is adopted by the Board, or (iii) as necessary to obtain or maintain any special tax, listing, or regulatory treatment. To be clear, the Board may amend outstanding Purchase Rights without a Participant’s consent if such amendment is necessary to ensure that the Purchase Right or the 423 Component complies with the requirements of Section 423 of the Code.

		

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		13. Section 409A of the Code; Tax Qualification.

		(a) Purchase Rights granted under the 423 Component are intended to be exempt from the application of Section 409A of the Code under U.S. Treasury Regulation Section 1.409A-1(b)(5)(ii). Purchase Rights granted under the Non-423 Component to U.S. taxpayers are intended to be exempt from the application of Section 409A of the Code under the short-term deferral exception and any ambiguities will be construed and interpreted in accordance with such intent. Subject to Section 13(b) below, Purchase Rights granted to U.S. taxpayers under the Non-423 Component will be subject to such terms and conditions that will permit such Purchase Rights to satisfy the requirements of the short-term deferral exception available under Section 409A of the Code, including the requirement that the shares subject to a Purchase Right be delivered within the short-term deferral period. Subject to Section 13(b) below, in the case of a Participant who would otherwise be subject to Section 409A of the Code, to the extent the Board determines that a Purchase Right or the exercise, payment, settlement, or deferral thereof is subject to Section 409A of the Code, the Purchase Right will be granted, exercised, paid, settled, or deferred in a manner that will comply with Section 409A of the Code, including U.S. Department of Treasury regulations and other interpretive guidance issued thereunder, including, without limitation, any such regulations or other guidance that may be issued after the adoption of the Plan. Notwithstanding the foregoing, the Company will have no liability to a Participant or any other party if the Purchase Right that is intended to be exempt from or compliant with Section 409A of the Code is not so exempt or compliant or for any action taken by the Board with respect thereto.

		(b) Although the Company may endeavor to (i) qualify a Purchase Right for special tax treatment under the laws of the United States or jurisdictions outside of the United States, or (ii) avoid adverse tax treatment (e.g., under Section 409A of the Code), the Company makes no representation to that effect and expressly disavows any covenant to maintain special or to avoid unfavorable tax treatment, notwithstanding anything to the contrary in this Plan, including Section 13(a) above. The Company will be unconstrained in its corporate activities without regard to the potential negative tax impact on Participants under the Plan.

		14. Effective Date of Plan. The Plan will become effective on the Effective Date. No Purchase Rights will be exercised unless and until the Plan has been approved by the stockholders of the Company, which approval must be within 12 months before or after the date the Plan is adopted (or, if required under Section 12(a) above, amended) by the Board.

		15. Miscellaneous Provisions.

		(a) Proceeds from the sale of shares of Common Stock pursuant to Purchase Rights will constitute general funds of the Company.

		(b) A Participant will not be deemed to be the holder of, or to have any of the rights of a holder with respect to, shares of Common Stock subject to Purchase Rights unless and until the Participant’s shares of Common Stock acquired on exercise of Purchase Rights are recorded in the books of the Company (or its transfer agent).

		(c) The Plan and Offerings do not constitute an employment or service contract. Nothing in the Plan or in the Offerings will in any way alter the at-will nature of a Participant’s employment, if applicable, or be deemed to create in any way whatsoever any obligation on the part of any Participant to continue his or her employment or service relationship with the Company, a Related Corporation, or an Affiliate, or on the part of the Company, a Related Corporation, or an Affiliate to continue the employment or service of a Participant.

		(d) The provisions of the Plan will be governed by the laws of the Commonwealth of Virginia without resort to that state’s conflicts of laws rules. For purposes of litigating any dispute that may arise directly or indirectly from the Plan or any Offering, the parties hereby submit and consent to the exclusive jurisdiction of the Commonwealth of Virginia and agree that any such litigation shall be conducted only in the courts of Virginia or the federal courts of the United States located in Virginia and no other courts.

		(e) If any particular provision of the Plan is found to be invalid or otherwise unenforceable, such provision will not affect the other provisions of the Plan, but the Plan will be construed in all respects as if such invalid provision were omitted.

		(f) If any provision of the Plan does not comply with applicable laws or regulations, such provision will be construed in such a manner as to comply with applicable laws or regulations.

		

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		(g) The Company shall maintain a procedure for identifying shares of Common Stock acquired pursuant to Purchase Rights in accordance with Section 6039 of the Code, and may provide each Participant and the Internal Revenue Service with such information as may be required pursuant to Section 6039 of the Code and the Treasury Regulations thereunder (which may include without limitation each Participant’s name, social security number or taxpayer identification number, amount of Common Stock acquired pursuant to Purchase Rights and applicable purchase price).

		16. Definitions. As used in the Plan, the following definitions will apply to the capitalized terms indicated below:

		(a) “423 Component” means the part of the Plan, which excludes the Non-423 Component, pursuant to which Purchase Rights that satisfy the requirements for an Employee Stock Purchase Plan may be granted to Eligible Employees.

		(b) “Affiliate” means any entity, other than a Related Corporation, in which the Company has an equity or other ownership interest or that is directly or indirectly controlled by, controls, or is under common control with the Company, in all cases, as determined by the Board, whether now or hereafter existing.

		(c) “Board” means the Board of Directors of the Company.

		(d) “Capitalization Adjustment” means, with respect to the Common Stock subject to the Plan or subject to any Purchase Right after the date the Plan is adopted by the Board, a stock split, reverse stock split, stock dividend, combination, consolidation, recapitalization (including a recapitalization through a large nonrecurring cash dividend) or reclassification of the Common Stock, subdivision of the Common Stock, a rights offering, a reorganization, merger, spin-off, split-up, repurchase, or exchange of Common Stock or other securities of the Company or other significant corporate transaction, or other change affecting the Common Stock occurs.

		(e) “Code” means the U.S. Internal Revenue Code of 1986, as amended, including any applicable regulations and guidance thereunder.

		(f) “Committee” means a committee of one or more members of the Board to whom authority has been delegated by the Board in accordance with Section 2(c).

		(g) “Common Stock” means the Class A common stock of the Company, par value $0.0001 per share.

		(h)     “Company” means SOC Telemed, Inc., a Delaware corporation.

		(i) “Contributions” means the payroll deductions or other payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already contributed the maximum permitted amount of payroll deductions and other payments during the Offering.

		(j) “Corporate Transaction” means the consummation, in a single transaction or in a series of related transactions, of any one or more of the following events:

		(i) a transfer of all or substantially all of the Company’s assets;

		(ii) a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another corporation, entity or person; or

		(iii) the consummation of a transaction, or series of related transactions, in which any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of more than 50% of the Company’s then outstanding capital stock.

		(k) “Designated 423 Corporation” means any Related Corporation selected by the Board as participating in the 423 Component.

		(l) “Designated Company” means any Designated Non-423 Corporation or Designated 423 Corporation, provided, however, that at any given time, a Related Corporation participating in the 423 Component will not be a Related Corporation participating in the Non-423 Component.

		

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		(m) “Designated Non-423 Corporation” means any Related Corporation or Affiliate selected by the Board as participating in the Non-423 Component.

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

		(o) “Effective Date” means October 30, 2020.

		(p) “Eligible Employee” means an Employee who meets the requirements set forth in the document(s) governing the Offering for eligibility to participate in the Offering, provided that such Employee also meets the requirements for eligibility to participate set forth in the Plan. For purposes of the Plan, the employment relationship will be treated as continuing intact while the Employee is on sick leave or other leave of absence approved by the Company or a Related Corporation or Affiliate that directly employs the Employee. Where the period of leave exceeds three (3) months and the Employee’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship will be deemed to have terminated three (3) months and one (1) day following the commencement of such leave.

		(q) “Eligible Service Provider” means a natural person other than an Employee or Director who (i) is designated by the Committee to be an “Eligible Service Provider,” (ii) provides bonafide services to the Company or a Related Corporation, (iii) is not a U.S. taxpayer and (iv) meets the requirements set forth in the document(s) governing the Offering for eligibility to participate in the Offering, provided that such person also meets the requirements for eligibility to participate set forth in the Plan.

		(r) “Employee” means any person, including an Officer or Director, who is treated as an employee in the records of the Company or a Related Corporation or Affiliate. However, service solely as a Director, or payment of a fee for such services, will not cause a Director to be considered an “Employee” for purposes of the Plan.

		(s) “Employee Stock Purchase Plan” means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

		(t) “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended and the rules and regulations promulgated thereunder.

		(u) “Fair Market Value” means, as of any date, the value of the Common Stock determined as follows:

		(i) If the Common Stock is listed on any established stock exchange or a national market system, its Fair Market Value will be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system on the date of determination, as reported in such source as the Board deems reliable;

		(ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value will be the mean of the closing bid and asked prices for the Common Stock on the date of determination, as reported in such source as the Board deems reliable; or

		(iii) In the absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by the Board in compliance with applicable laws and regulations and in a manner that complies with Sections 409A of the Code.

		(v) “Fiscal Year” means the fiscal year of the Company.

		(w) “New Purchase Date” means a new Purchase Date set by shortening any Offering then in progress.

		(x) “Non-423 Component” means the part of the Plan, which excludes the 423 Component, pursuant to which Purchase Rights that are not intended to satisfy the requirements for an Employee Stock Purchase Plan may be granted to Eligible Employees and Eligible Service Providers.

		(y) “Offering” means the grant to Eligible Employees or Eligible Service Providers of Purchase Rights, with the exercise of those Purchase Rights automatically occurring at the end of one or more Purchase Periods. The terms and conditions of an Offering will generally be set forth in the “Offering Document” approved by the Board for that Offering.

		(z) “Offering Date” means a date selected by the Board for an Offering to commence.

		

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		(aa) “Offering Period” means a period with respect to which the right to purchase Common Stock may be granted under the Plan, as determined by the Board pursuant to the Plan.

		(bb) “Officer” means a person who is an officer of the Company or a Related Corporation or Affiliate within the meaning of Section 16 of the Exchange Act.

		(cc) “Participant” means an Eligible Employee or Eligible Service Provider who holds an outstanding Purchase Right.

		(dd) “Plan” means this SOC Telemed, Inc. 2020 Employee Stock Purchase Plan, including both the 423 Component and the Non-423 Component, as amended from time to time.

		(ee) “Purchase Date” means one or more dates during an Offering selected by the Board on which Purchase Rights will be exercised and on which purchases of shares of Common Stock will be carried out in accordance with such Offering.

		(ff) “Purchase Period” means a period of time specified within an Offering, generally beginning on the Offering Date or on the first Trading Day following a Purchase Date, and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods.

		(gg) “Purchase Right” means an option to purchase shares of Common Stock granted pursuant to the Plan.

		(hh) “Related Corporation” means any “parent corporation” or “subsidiary corporation” of the Company whether now or subsequently established, as those terms are defined in Sections 424(e) and (f), respectively, of the Code.

		(ii) “Securities Act” means the U.S. Securities Act of 1933, as amended.

		(jj) “Trading Day” means any day on which the exchange or market on which shares of Common Stock are listed is open for trading.

		

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