Document:

Exhibit
10.1

 

DERMADOCTOR,
INC.

 

FORM
OF INDEMNIFICATION AGREEMENT

 

This
Indemnification Agreement (the “Agreement”) is made as of ___________, by and between DERMAdoctor, Inc.,
a Delaware corporation (the “Company”), and ________________ (the “Indemnitee”).

 

WHEREAS,
the Company and Indemnitee recognize the substantial increase in corporate litigation in general, subjecting officers and directors
to expensive litigation risks;

 

WHEREAS,
the Company desires to attract and continue to retain the services of highly qualified individuals, such as Indemnitee, to serve
as officers and directors of the Company and to indemnify its officers and directors so as to provide them with the maximum protection
permitted by law;

 

WHEREAS,
the statutory indemnification provisions of the Delaware General Corporation Law (the “DGCL”), Section
145, expressly provide that they are nonexclusive, and it is the desire of the Company to indemnify directors and officers who
have entered into settlements of derivative suits or have paid judgments, fines or penalties therefor, provided they have not
breached the applicable statutory standard of conduct; and

 

WHEREAS,
in view of such considerations, the Company desires to provide, independent from the indemnification to which the Indemnitee
is otherwise entitled by law and under the Company’s Certificate of Incorporation and Bylaws, indemnification to the Indemnitee
and advances of expenses, all as set forth in this Agreement to the maximum extent permitted by law.

 

NOW,
THEREFORE, to induce the Indemnitee to serve the Company and in consideration of these premises and the mutual agreements
set forth in this Agreement, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Indemnitee hereby agree as follows:

 

 1. Indemnification.

 

(a)
Third Party Proceedings. The Company shall indemnify Indemnitee if Indemnitee is or was a party or is threatened to be
made a party to or is otherwise involved in (e.g., as a witness) any threatened, pending or completed action or proceeding, whether
civil, criminal, administrative or investigative (other than an action by or in the right of the Company) by reason of the fact
that Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary of the Company, by reason of
any action or inaction on the part of Indemnitee while an officer or director or by reason of the fact that Indemnitee is or was
serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement
(if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) actually and reasonably
incurred by Indemnitee in connection with such action or proceeding if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. The termination of any action or proceeding
by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself,
create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or
not opposed to the best interests of the Company, or with respect to any criminal action or proceeding, that Indemnitee had reasonable
cause to believe that Indemnitee’s conduct was unlawful.  The parties hereto intend that this Agreement shall provide
to the fullest extent permitted by law for indemnification in excess of that expressly permitted by statute, including, without
limitation, any indemnification provided by the Company’s Certificate of Incorporation and Bylaws, vote of its stockholders
or disinterested directors or applicable law.

 

     

     

    

 

(b)
Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee if Indemnitee was or is a party or
is threatened to be made a party to or is otherwise involved in (e.g., as a witness) any threatened, pending or completed action
or proceeding by or in the right of the Company or any subsidiary of the Company to procure a judgment in its favor by reason
of the fact that Indemnitee is or was a director, officer, employee or agent of the Company, or any subsidiary of the Company,
by reason of any action or inaction on the part of Indemnitee while an officer or director or by reason of the fact that Indemnitee
is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, against expenses (including attorneys’ fees) and, to the fullest extent permitted
by law, amounts paid in settlement, in each case to the extent actually and reasonably incurred by Indemnitee in connection with
the defense or settlement of such action or proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company and its shareholders, except that no indemnification shall
be made in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudicated by court order or
judgment to be liable to the Company in the performance of Indemnitee’s duty to the Company and its shareholders unless
and only to the extent that the Delaware Court of Chancery or any other court in which such action or proceeding is or was brought
shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case,
Indemnitee is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or other such court shall
deem proper.

 

(c)
Indemnification of Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this
Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is a party to (or a participant
in) and is successful, on the merits or otherwise, in any action, suit or proceeding referred to in Section 1(a) or Section 1(b)
or in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all expenses
(including attorneys’ fees) actually and reasonably incurred by Indemnitee in connection therewith.  If Indemnitee
is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such action, suit or proceeding, the Company shall indemnify Indemnitee against all expenses (including
attorneys’ fees) actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with or related
to each successfully resolved claim, issue or matter to the fullest extent permitted by law.  For purposes of this Section
and without limitation, the termination of any claim, issue or matter in such a proceeding by dismissal, with or without prejudice,
shall be deemed to be a successful result as to such claim, issue or matter.  Without limiting the foregoing, if any
action, suit or proceeding is disposed of, on the merits or otherwise (including a disposition without prejudice), without (i)
the disposition being adverse to Indemnitee, (ii) an adjudication that Indemnitee was liable to the Company, (iii) a plea of guilty
or nolo contendere by Indemnitee, (iv) an adjudication that Indemnitee did not act in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the Company, and (v) with respect to any criminal proceeding, an adjudication
that Indemnitee had reasonable cause to believe his conduct was unlawful, Indemnitee shall be considered for the purpose hereof
to have been wholly successful with respect thereto. DGCL adopted after the date of this Agreement that increase the extent
to which a corporation may indemnify its officers and directors.

 

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 2. Expenses; Indemnification Procedure.

 

(a)
Advancement of Expenses. The Company shall advance, to the extent not prohibited by law, all expenses incurred by Indemnitee
(“Expense Advances”) in connection with the investigation, defense, settlement or appeal of any civil
or criminal action or proceeding referred to in Section 1(a) or (b) hereof.  Indemnitee hereby undertakes to repay such amounts
advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified
by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to Indemnitee within thirty
(30) days following receipt of an undertaking (the “Undertaking”), substantially in the form attached hereto as Exhibit
1, by or on behalf of Indemnitee to repay the amount of any such advance if and to the extent that it shall ultimately be determined
that Indemnitee is not entitled to indemnification for such amount. The Undertaking shall be unsecured and shall bear no interest
and shall be accepted without reference to the financial ability of Indemnitee to make repayment.

 

(b)
Notice/Cooperation by Indemnitee. Indemnitee shall, give the Company notice in writing as soon as practicable of any claim
made against Indemnitee for which indemnification is or will be sought under this Agreement. Notice to the Company shall be directed
to the Chief Executive Officer of the Company at the address shown on the signature page of this Agreement (or such other address
as the Company shall designate in writing to Indemnitee). Notice shall be deemed received three (3) business days after the date
postmarked if sent by domestic certified or registered mail, properly addressed; otherwise, notice shall be deemed received
when such notice shall actually be received by the Company. In addition, Indemnitee shall give the Company such information and
cooperation as it may reasonably require and as shall be within Indemnitee’s power.

 

(c)
Procedure. (1) The omission by Indemnitee to notify the Company hereunder will not relieve the Company from any liability
which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay in so notifying the Company shall
not constitute a waiver by Indemnitee of any rights under this Agreement. Any indemnification and advances provided for in Section
1 and this Section 2 shall be made promptly, and in any event within thirty (30) days after receipt by the Company of the written
request of Indemnitee together with such documentation and information as is reasonably available to Indemnitee and is reasonably
necessary to determine whether and to what extent Indemnitee is entitled to such indemnification or advances and, in the case
of advances, a statement or statements reasonably evidencing the expenses incurred by Indemnitee and an undertaking as required
by Section 2 hereof, unless with respect to such requests the Company determines within such 30-day period that Indemnitee did
not meet the applicable standard of conduct or that indemnification is not required under Section 7 below. Notwithstanding anything
in this Agreement to the contrary, no determination as to entitlement of Indemnitee to indemnification under this Agreement shall
be required to be made prior to the final disposition of any action, suit or proceeding.  Such determination shall be made
in each instance (i) if a Change in Control shall have occurred, unless otherwise elected by Indemnitee, by Independent Counsel
in a written opinion to the Board, a copy of which shall be delivered to Indemnitee; or (ii) if a Change in Control shall not
have occurred: (a) by a majority vote of the directors of the Company who are not at that time parties to the action, suit or
proceeding in question (“disinterested directors”), even though less than a quorum; (b) by a committee of such
disinterested directors designated by majority vote of such disinterested directors, even though less than a quorum; (c)
if there are no such disinterested directors, or if such disinterested directors so direct, by Independent Counsel in a written
opinion; or (d) a majority vote of a quorum of the outstanding shares of stock of all classes entitled to vote for directors,
voting as a single class, which quorum shall consist of stockholders who are not at that time parties to the action, suit or proceeding
in question.  For purposes of this Agreement:

 

(A)
A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any
of the following events:

 

(i)
Acquisition of Stock by Third Party.  Any Person (as defined below) is or becomes the Beneficial Owner (as defined
below), directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting
power of the Company’s then outstanding securities unless the change in relative Beneficial Ownership of the Company’s
securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled
to vote generally in the election of directors;

 

    	 	3	 

     

    

 

(ii)
Change in Board of Directors.  During any period of two (2) consecutive years (not including any period prior to the
execution of this Agreement), individuals who at the beginning of such period constitute the Board, and any new director (other
than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in
this definition of Change in Control whose election by the Board or nomination for election by the Company’s stockholders
was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning
of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least
a majority of the members of the Board;

 

(iii)
Corporate Transactions.  The effective date of a merger or consolidation of the Company with any other entity, other
than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such
merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities
of the Surviving Entity) more than 50% of the combined voting power of the voting securities of the Surviving Entity outstanding
immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other
governing body of such Surviving Entity;

 

(iv)
Liquidation.  The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement
for the sale or disposition by the Company of all or substantially all of the Company’s assets; and

 

(v)
Other Events.  There occurs any other event of a nature that would be required to be reported in response to Item
6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the
Exchange Act (as defined below), whether or not the Company is then subject to such reporting requirement.

 

(B)
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 

(C)
“Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that
Person shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of
the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the
same proportions as their ownership of stock of the Company.  

 

(D)
“Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act; provided, however,
that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the Company
approving a merger of the Company with another entity.

 

(E)
“Surviving Entity” shall mean the surviving entity in a merger or consolidation or any entity that controls, directly
or indirectly, such surviving entity.

 

    	 	4	 

     

    

 

(F)
“Independent Counsel” shall mean a law firm, or a member of a law firm, that is experienced in matters of corporation
law and neither presently is, nor in the past five years has been, retained to represent:  (i) the Company or Indemnitee
in any matter material to either such party (other than with respect to matters concerning the Indemnitee under this Agreement,
or of other indemnitees under similar indemnification agreements), or (ii) any other party to the proceeding giving rise to a
claim for indemnification hereunder.  Notwithstanding the foregoing, the term “Independent Counsel” shall not
include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest
in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.  The
Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such
counsel against any and all expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement
pursuant hereto.

 

(2)
In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 2(c)(1)
hereof, the Independent Counsel shall be selected as provided in this Section 2(c)(2).  If a Change in Control shall
not have occurred, the Independent Counsel shall be selected by the Board, and the Company shall give written notice to Indemnitee
advising Indemnitee of the identity of the Independent Counsel so selected.  If a Change in Control shall have occurred,
the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board,
in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the
identity of the Independent Counsel so selected.  In either event, Indemnitee or the Company, as the case may be, may, within
ten (10) days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case
may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that
the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in this Agreement,
and the objection shall set forth with particularity the factual basis of such assertion.  Absent a proper and timely objection,
the person so selected shall act as Independent Counsel.  If such written objection is so made and substantiated, the Independent
Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or the Delaware Court has
determined that such objection is without merit.  If, within twenty (20) days after the later of submission by Indemnitee
of a written request for indemnification pursuant to Section 2(c)(1) hereof and the final disposition of the Proceeding,
no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition the Delaware
Court for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of
Independent Counsel and/or for the appointment as Independent Counsel of a person selected by such court or by such other person
as such court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall
act as Independent Counsel under Section 2(c)(1) hereof.  Upon the due commencement of any judicial proceeding or arbitration
pursuant to Section 2(d) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility
in such capacity (subject to the applicable standards of professional conduct then prevailing).

 

    	 	5	 

     

    

 

(d)
If a claim under this Agreement, under any statute, or under any provision of the Company’s Certificate of Incorporation
or Bylaws providing for indemnification, is not paid in full by the Company within the time allowed, Indemnitee may, but need
not, at any time thereafter bring an action against the Company to recover the unpaid amount of the claim and, subject to Section
8 of this Agreement, Indemnitee shall also be entitled to be paid for the expenses (including attorneys’ fees) of bringing
such action. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in
connection with any action or proceeding in advance of its final disposition) that Indemnitee has not met the standards of conduct
which make it permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed, but the burden
of proving such defense shall be on the Company. Indemnitee shall be entitled to receive interim payments of expenses pursuant
to Section 2(a) unless and until such defense may be finally adjudicated by court order or judgment from which no further right
of appeal exists.  Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted
by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association.  Indemnitee
shall commence such proceeding seeking an adjudication or an award in arbitration within 180 days following the date on which
Indemnitee first has the right to commence such proceeding pursuant to this Section 2(d).  The Company shall not oppose Indemnitee’s
right to seek any such adjudication or award in arbitration.  In the event that a determination shall have been made pursuant
to this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant
to this Section 14 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall
not be prejudiced by reason of that adverse determination.  If a determination shall have been made pursuant to this Agreement
that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or
arbitration commenced pursuant to this Agreement, absent (i) a misstatement by Indemnitee of a material fact, or an omission of
a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification,
or (ii) a prohibition of such indemnification under applicable law.

 

The
Company shall, to the fullest extent not prohibited by law, be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Agreement that the procedures and presumptions of this Agreement are not valid, binding and enforceable
and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement.
 It is the intent of the Company that, to the fullest extent permitted by law, the Indemnitee not be required to incur legal
fees or other expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement
by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended
to the Indemnitee hereunder.  The Company shall, to the fullest extent permitted by law, indemnify Indemnitee against any
and all expenses (including attorneys’ fees) and, if requested by Indemnitee, shall (within ten (10) days after receipt
by the Company of a written request therefor) advance, to the extent not prohibited by law, such expenses to Indemnitee, which
are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement of expenses
from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained
by the Company if, in the case of indemnification, Indemnitee is wholly successful on the underlying claims; if Indemnitee is
not wholly successful on the underlying claims, then such indemnification shall be only to the extent Indemnitee is successful
on such underlying claims or otherwise as permitted by law, whichever is greater.

 

(e)
Reliance on Reports. Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on Indemnitee’s
good faith reliance on the records or books of account of the Company, including financial statements, or on information supplied
to Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company
or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser
or other expert selected with reasonable care by the Company. In addition, the knowledge and/or actions, or failure to act, of
any director, officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right
to indemnification under this Agreement.

 

(f)
Presumption; Burden. In making a determination with respect to entitlement to indemnification hereunder, the person
or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement
and has acted in good faith. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion
by clear and convincing evidence.

 

    	 	6	 

     

    

 

(g)
Notice to Insurers. If, at the time of the receipt of a notice of a claim pursuant to Section 2(b) hereof, the Company
has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding
to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all
necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such policies.

 

(h)
Assumption of Defense and Selection of Counsel. In the event the Company shall be obligated under Section 2(a) hereof to
pay the expenses of any proceeding against Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of
such proceeding, with counsel approved by Indemnitee, which approval shall not be unreasonably withheld or delayed, upon the delivery
to Indemnitee of written notice of its election so to do. Notwithstanding the foregoing, the Company shall not be permitted to
settle any action or claim on behalf of Indemnitee in any manner which would impose any unindemnified liability or penalty on
Indemnitee or require any acknowledgment of wrongdoing on the part of Indemnitee without Indemnitee’s written consent, which
consent shall not be unreasonably withheld or delayed. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of
counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided that (i) Indemnitee shall have the right
to employ his or her counsel in any such proceeding at Indemnitee’s expense; and (ii) if (A) the employment of separate
counsel by Indemnitee has been previously authorized by the Company; (B) Indemnitee shall have reasonably concluded that there
may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense; or (C) the Company shall
not, in fact, have employed counsel to assume the defense of such proceeding, then the fees and expenses of Indemnitee’s
counsel shall be at the expense of the Company. The Company shall not be entitled, without the consent of Indemnitee, to assume
the defense of any claim brought by or in the right of the Company or as to which counsel for Indemnitee shall have reasonably
made the conclusion provided for in clause (ii)(B) above.

 

 3. Additional Indemnification Rights; Nonexclusivity; Contribution.

 

(a)
Scope. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify Indemnitee to the
fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions
of this Agreement, the Company’s Certificate of Incorporation, the Company’s Bylaws or by statute. In the event of
any change, after the date of this Agreement, in any applicable law, statute or rule which expands the right of a Delaware corporation
to indemnify a member of its board of directors or an officer, such changes shall be, ipso facto, within the purview of
Indemnitee’s rights and the Company’s obligations under this Agreement. In the event of any change in any applicable
law, statute or rule which narrows the right of a Delaware corporation to indemnify a member of its board of directors or an officer,
such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement shall have no
effect on this Agreement or the parties’ rights and obligations hereunder.

 

(b)
Nonexclusivity. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee
may be entitled under the Company’s Certificate of Incorporation, its Bylaws, any agreement, any vote of stockholders or
disinterested directors, the DGCL, or otherwise, both as to action in Indemnitee’s official capacity and as to action in
another capacity while holding such office. The indemnification provided under this Agreement shall continue as to Indemnitee
for any action taken or not taken while serving in an indemnified capacity even though he or she may have ceased to serve in any
such capacity at the time of any action, suit or other covered proceeding.

 

    	 	7	 

     

    

 

(c)
Contribution.

 

(i)
Whether or not the indemnification provided in Section 1 hereof is available, in respect of any threatened, pending or completed
action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit
or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such action,
suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any
right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any action, suit or proceeding
in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding) unless such
settlement provides for a full and final release of all claims asserted against Indemnitee;

 

(ii)
Without diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee
shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action,
suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding),
the Company shall contribute to the amount of expenses (including attorneys’ fees), judgments, fines and amounts paid in
settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received
by the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee
(or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction
from which such action, suit or proceeding arose; provided, however, that the proportion determined on the basis of relative
benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company
and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would
be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events
that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which they
may be required to be considered by law. The relative fault of the Company and all officers, directors or employees of the Company,
other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the
one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their
actions were motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary
and the degree to which their conduct is active or passive;

 

(iii)
The Company hereby agrees fully to indemnify and hold Indemnitee harmless from any claims of contribution which may be brought
by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee; and

 

(iv)
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred
by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for expenses,
in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and
reasonable in light of all of the circumstances of such proceeding in order to reflect (i) the relative benefits received by the
Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such proceeding; and/or (ii) the
relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s)
and/or transaction(s).

 

    	 	8	 

     

    

 

4.
Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company
for some or a portion of the expenses, judgments, fines or penalties actually or reasonably incurred by him in the investigation,
defense, appeal or settlement of any civil or criminal action or proceeding, but not, however, for the total amount thereof, the
Company shall nevertheless indemnify Indemnitee for the portion of such expenses, judgments, fines or penalties to which Indemnitee
is entitled.

 

5.
Primacy of Indemnification. The Company hereby acknowledges that Indemnitee has certain rights to indemnification, advancement
of expenses and/or insurance provided by the Company’s insurance provider and certain of its affiliates (collectively, the
“Fund Indemnitors”). The Company hereby agrees (i) that it is the indemnitor of first resort (i.e.,
its obligations to Indemnitee are primary and any obligation of the Fund Indemnitors to advance expenses or to provide indemnification
for the same expenses or liabilities incurred by Indemnitee are secondary); (ii) that it shall be required to advance the full
amount of expenses incurred by Indemnitee and shall be liable for the full amount of all Expenses, judgments, penalties, fines
and amounts paid in settlement to the extent legally permitted and as required by the terms of this Agreement and the Certificate
of Incorporation or Bylaws of the Company (or any other agreement between the Company and Indemnitee), without regard to any rights
Indemnitee may have against the Fund Indemnitors; and (iii) that it irrevocably waives, relinquishes and releases the Fund Indemnitors
from any and all claims against the Fund Indemnitors for contribution, subrogation or any other recovery of any kind in respect
thereof. The Company further agrees that no advancement or payment by the Fund Indemnitors on behalf of Indemnitee with respect
to any claim for which Indemnitee has sought indemnification from the Company shall affect the foregoing and the Fund Indemnitors
shall have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery
of Indemnitee against the Company. The Company and Indemnitee agree that the Fund Indemnitors are express third party beneficiaries
of the terms of this Section 5.

 

6.
Officer and Director Liability Insurance. The Company shall maintain a policy or policies of insurance with reputable insurance
companies providing the officers and directors of the Company with coverage for losses from wrongful acts, or to ensure the Company’s
performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs
of obtaining such insurance coverage against the protection afforded by such coverage. In all policies of director and officer
liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits
as are accorded to the most favorably insured of the Company’s directors, if Indemnitee is a director; or of the Company’s
officers, if Indemnitee is not a director of the Company but is an officer; or of the Company’s key employees, if Indemnitee
is not an officer or director but is a key employee. Notwithstanding the foregoing, subject to any other obligation or agreement
to maintain such insurance, the Company shall have no obligation to obtain or maintain such insurance if the Company determines
in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to
the amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient
benefit, or if Indemnitee is covered by similar insurance maintained by a subsidiary or parent of the Company.

 

7.
Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or
fail to do any act in violation of applicable law. The Company’s inability, pursuant to court order, to perform its obligations
under this Agreement shall not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as provided
in this Section 7. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction,
then the Company shall nevertheless indemnify Indemnitee to the fullest extent permitted by any applicable portion of this Agreement
that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance
with its terms.

 

    	 	9	 

     

    

 

8.
Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to
the terms of this Agreement:

 

(a)
Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee with respect to proceedings or claims initiated
or brought voluntarily by Indemnitee and not by way of defense, except as expressly contemplated by this Agreement, with respect
to proceedings brought to establish or enforce a right to indemnification under this Agreement or any other statute or law or
otherwise as required under Section 145 of the DGCL, but such indemnification or advancement of expenses may be provided by the
Company in specific cases if the Board of Directors has approved the initiation of such suit; or

 

(b)
Insured Claims. To indemnify Indemnitee for expenses or liabilities of any type whatsoever (including, but not limited
to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) to the extent such expenses or liabilities
have been paid directly to Indemnitee under a policy of officers’ and directors’ liability insurance or under any
other insurance policy, contract, agreement or otherwise maintained by the Company; or

 

(c)
Claims under Section 16(b). To indemnify Indemnitee for expenses or the payment of profits arising from the purchase and
sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar
successor statute; or

 

9.
Construction of Certain Phrases.  For purposes of this Agreement, references to the “Company” shall
include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed
in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its
directors, officers, employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent
corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under
the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect
to such constituent corporation if its separate existence had continued.

 

For
purposes of this Agreement, references to “other enterprises” shall include employee benefit plans; references
to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and
references to “serving at the request of the Company” shall include any service as a director, officer, employee or
agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect
to an employee benefit plan, its participants or beneficiaries.

 

10.
Effectiveness of Agreement. This Agreement shall be effective as of the date set forth on the first page and may apply
to acts or omissions of Indemnitee which occurred prior to such date if Indemnitee was an officer, director, employee or other
agent of the Company, or was serving at the request of the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, as the time such act or omission occurred. The Company’s obligations
hereunder shall continue as to Indemnitee if he or she ceases to be a director, officer, employee or agent.

 

11.
Attorneys’ Fees. In the event that any action is instituted by Indemnitee under this Agreement to enforce or interpret
any of the terms hereof, Indemnitee shall be entitled to be paid all court costs and expenses, including reasonable attorneys’
fees, incurred by Indemnitee with respect to such action, unless as a part of such action, the Delaware Court of Chancery determines
that each of the material assertions made by Indemnitee as a basis for such action were not made in good faith or were frivolous.
In the event of an action instituted by or in the name of the Company under this Agreement or to enforce or interpret any of the
terms of this Agreement, Indemnitee shall be entitled to be paid all court costs and expenses, including attorneys’ fees,
incurred by Indemnitee in defense of such action (including with respect to Indemnitee’s counterclaims and crossclaims made
in such action), unless as a part of such action the court determines that each of Indemnitee’s material defenses to such
action were made in bad faith or were frivolous.

 

    	 	10	 

     

    

 

12.
No Rights of Continued Service. This Agreement shall not impose any obligation of the Company to continue Indemnitee’s
service to the Company beyond any period otherwise required by law or by other agreements or commitments of the parties, if any.

 

13.
Miscellaneous.

 

(a)
Governing Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties
hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect
to principles of conflict of law.

 

(b)
Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the exclusive jurisdiction of the
Delaware Court of Chancery for any purpose in connection with any actions or proceedings which arise out of or relate to this
Agreement.

 

(c)
Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire agreement and understanding of the parties
relating to the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Agreement,
nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this Agreement.
Furthermore, the Company agrees not to seek from a court, or agree to, a “bar order” which would have the effect of
prohibiting or limiting the Indemnitee’s rights to receive advancement of expenses under this Agreement. The failure by
either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party.

 

(d)
Construction. This Agreement is the result of negotiations between, and has been reviewed by, each of the parties hereto
and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties
hereto, and no ambiguity shall be construed in favor of or against any one of the parties hereto.

 

(e)
Notices. Unless otherwise provided in this Agreement, any notice, demand or request required or permitted to be given under
this Agreement shall be in writing and shall be deemed sufficient when directed to the Chief Executive Officer of the Company
at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing)
and when delivered personally or three business days after being postmarked, as certified or registered mail, with postage prepaid,
and addressed to the party to be notified at such party’s address as set forth below or as subsequently modified by written
notice.

 

(f)
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and
all of which together shall constitute one instrument.

 

(g)
Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns, including any
direct or indirect successor by purchase, merger, consolidation or otherwise to all, substantially all or a substantial part of
the business or assets of the Company. This Agreement shall inure to the benefit of Indemnitee and Indemnitee’s heirs, legal
representatives, executives and administrators. The Company shall require and cause any successor (whether direct or indirect,
and whether by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part of the business or
assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession
had taken place.

 

(h)
Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment
to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary
to secure such rights and to enable the Company to effectively bring suit to enforce such rights.

 

 

[Remainder
of page intentionally left blank; signature page to follow]

    	 	11	 

     

    

 

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

 

	DERMADOCTOR,
    INC.	 	Indemnitee
	 	 	 	 	 
	By:	 	 	By:	       
	Name:	 	 	Name:
    	 
	Title:	 	 	Title:
    	 
	Address: 
    	1901
    McGee Street	 	Address: 	 
	 	Kansas
    City, Missouri 64108	 	 	 

 

 

Signature
Page to Indemnification Agreement

    	 	12	 

     

    

 

EXHIBIT
1

 

UNDERTAKING

 

		1.	This
                                         Undertaking is submitted pursuant to the Indemnification Agreement dated as of __________
                                         by and between DERMAdoctor, Inc., a Delaware corporation (the “Company”),
                                         and the undersigned (the “Agreement”).  Capitalized terms
                                         used but not defined herein shall have the respective meanings set forth in the Agreement.

 

		2.	I
                                         am requesting certain Expense Advances in connection with a claim to which I believe
                                         I am entitled to indemnification.

 

		3.	I
                                         hereby undertake to repay such Expense Advances if it shall ultimately be determined
                                         that I am not entitled to be indemnified by the Company therefor under the Agreement
                                         or otherwise.

 

		4.	The
                                         Expense Advances are, in general, all related to: __________________________________.

 

 

13Exhibit 10.2

 

FORM
OF

DERMADOCTOR,
INC.

2018
EQUITY INCENTIVE PLAN

 

Adopted
by the Board of Directors: _________, 2018

Approved
by the Stockholders: _________, 2018

IPO
Date: _________, 2018

 

1.  Establishment
and Purpose.

 

The
purpose of the DERMAdoctor, Inc. 2018 Equity Incentive Plan (the “Plan”) is to promote the interests of DERMAdoctor,
Inc. (the “Company”) and the stockholders of the Company by providing officers, directors, employees and consultants
of the Company with appropriate incentives and rewards to encourage them to enter into and continue in the employ or service of
the Company, to acquire a proprietary interest in the long-term success of the Company and to reward the performance of individuals
in fulfilling long-term corporate objectives.

 

2.  Definitions.
For purposes of the Plan, the following terms shall be defined as set forth below.

 

	 	(a)	“Administrator”
    means the Board of Directors or a Committee appointed by the Board of Directors that will be administering the Plan, in accordance
    with Section 3 hereof.

 

	 	(b)	“Agreement”
    shall mean the written agreement between the Company and a Participant evidencing an Award.

 

	 	(c)	“Annual
    Incentive Award” shall mean an Award described in Section 6(g) hereof that is based upon a period of one year
    or less.

 

	 	(d)	“Award”
    shall mean any Option, Restricted Stock, Restricted Stock Unit, Stock Bonus award, Stock Appreciation Right, Performance Award,
    Other Cash-Based Award or Other Stock-Based Award granted pursuant to the terms of the Plan.

 

	 	(e)	“Award
    Agreement” shall mean either (i) a written or electronic agreement entered into between the Company and a Participant
    setting forth the terms and conditions of an Award including any amendment or modification thereof; or (ii) a written
    or electronic statement issued by the Company to a Participant describing the terms and provisions of such Award, including
    any amendment or modification thereof. The Administrator may provide for the use of electronic, internet or other non-paper
    Award Agreements, and the use of electronic, internet or other non-paper means for the acceptance thereof and actions thereunder
    by a Participant. Each Award Agreement shall be subject to the terms and conditions of the Plan and need not be identical.

 

	 	(f)	“Beneficiary”
    and “Beneficiaries” means the person, persons, trust or trusts which have been designated by a Participant
    in his or her most recent written beneficiary designation submitted to the Administrator to receive the benefits specified
    under the Plan upon such Participant’s death or, if there is no designated Beneficiary or surviving designated Beneficiary,
    then the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits.

 

	 	(g)	“Board
    of Directors” shall mean the Board of Directors of the Company.

 

	 	(h)	“Capital
    Stock” means each and every class (if more than one) of common stock of the Company, regardless of the number of
    votes per share.

 

    1

    

    

 

	 	(i)	“Cause”
    shall mean a termination of a Participant’s employment by the Company or any of its Subsidiaries due to (i) the
    continued failure, after written notice, by such Participant substantially to perform his or her duties with the Company or
    any of its Subsidiaries (other than any such failure resulting from incapacity due to reasonably documented physical illness
    or injury or mental illness); (ii) the Participant’s indictment or conviction of, or entering a plea of guilty or nolo
    contendere to, a crime constituting a felony or any crime involving fraud, dishonesty or moral turpitude under the laws
    of the United States or any state thereof; or (iii) the material breach by the Participant of any agreement between such
    Participant, on the one hand, and the Company, on the other hand. Notwithstanding the above, with respect to any Participant
    who is a party to an employment agreement with the Company, Cause shall have the meaning set forth in such employment agreement.
    The determination that a termination of the Participant’s service is either for Cause or without Cause shall be made
    by the Company, in its sole discretion.

 

	 	(j)	A
    “Change in Control” shall be deemed to have occurred if the event set forth in any one of the following
    paragraphs shall have occurred:

 

	 	(i)	any
    Person is or becomes the “Beneficial Owner” (as defined in Rule 13d-3 under the Exchange Act), directly
    or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities
    acquired directly from the Company) representing 50% or more of the Company’s then outstanding securities; or

 

	 	(ii)	the
    following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who,
    on the Effective Date, constitute the Board of Directors and any new director (other than a director whose initial assumption
    of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation,
    relating to the election of directors of the Company) whose appointment or election by the Board of Directors or nomination
    for election by the Company’s stockholders was approved or recommended by a vote of at least a two-thirds of the directors
    then still in office who either were directors on the Effective Date or whose appointment, election or nomination for election
    was previously so approved or recommended; or

 

	 	(iii)	there
    is consummated a merger or consolidation of the Company with any other corporation other than (A) a merger or consolidation
    which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing
    to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any
    parent thereof) at least 50% of the combined voting power of the voting securities of the Company or such surviving entity
    or any parent thereof outstanding immediately after such merger or consolidation, or (B) a merger or consolidation effected
    to implement a re-capitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner,
    directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any
    securities acquired directly from the Company) representing 50% or more of the combined voting power of the Company’s
    then outstanding securities; or

 

	 	(iv)	the
    stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an
    agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than
    a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity at least 75% of
    the combined voting power of the voting securities of which are owned by Persons in substantially the same proportions as
    their ownership of the Company immediately prior to such sale.

 

	 	(k)	“Code”
    shall mean the Internal Revenue Code of 1986, as amended from time to time, and any regulations promulgated thereunder. References
    in the Plan to specific sections of the Code shall be deemed to include any successor provisions thereto.

 

	 	(l)	“Committee”
    shall mean the committee of the Board of Directors delegated with the authority to administer the Plan, or the full Board
    of Directors, as provided in Section 3 hereof. With respect to any decision involving an Award intended to satisfy the
    requirements of Section 162(m) of the Code, the Committee shall consist of two or more directors of the Company who are
    “outside directors” within the meaning of Section 162(m) of the Code. With respect to any decision involving
    an Award intended to satisfy the requirements of Rule 16b-3, the Committee shall consist solely of two or more “non-employee
    directors” within the meaning of Rule 16b-3. The fact that a Committee member shall fail to qualify under any of these
    requirements shall not invalidate an Award if the Award is otherwise validly made under the Plan. The Board of Directors may
    at any time appoint additional members to the Committee, remove and replace members of the Committee with or without Cause,
    and fill vacancies on the Committee however caused.

 

    2

    

    

 

	 	(m)	“Company”
    shall mean DERMAdoctor, Inc., a Delaware corporation, or any successor thereto, and, where appropriate, each of its Subsidiaries.
	 	 	 
	 	(n)	“Company
    Stock” shall mean the common stock of the Company, par value $0.001 per share.
	 	 	 
	 	(o)	“Disability”
    shall mean total and permanent disability as defined in Section 22(e)(3) of the Code, provided that in the case of Awards
    other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability
    exists in accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time.
	 	 	 
	 	(p)	“Effective
    Date” shall mean the IPO Date, provided that this Plan has been adopted by the Board of Directors and approved by
    the stockholders of the Company.
	 	 	 
	 	(q)	“Exchange
    Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.
	 	 	 
	 	(r)	The
    “Fair Market Value” of a share of Company Stock, as of a date of determination, shall mean (i) the
    closing sales price per share of Company Stock on the principal national securities exchange on which such Company Stock is
    listed on the date of the grant of such Award; (ii) if the shares of Company Stock are not listed or admitted to trading
    on any such exchange, the closing price of the shares of Company Stock on the principal securities market on which the shares
    trade as reported for the last preceding date on which there was a sale of such stock on such market; or (iii) if the
    shares of Company Stock are not then listed on a national securities exchange or traded on a securities market or in an over-the-counter
    market or the value of such shares is not otherwise determinable, such value as determined by the Administrator in good faith
    upon the advice of a qualified valuation expert. In no event shall the Fair Market Value of any share of Company Stock, the
    Option exercise price of any Option, the appreciation base per share of Company Stock under any Stock Appreciation Right,
    or the amount payable per share of Company Stock under any other Award, be less than the par value per share of Company Stock.
	 	 	 
	 	(s)	“Full
    Value Award” shall mean any Award, other than an Option or a Stock Appreciation Right, which Award is settled in
    Company Stock.
	 	 	 
	 	(t)	“Incentive
    Stock Option” shall mean an Option that is an “incentive stock option” within the meaning of Section 422
    of the Code, or any successor provision, and that is designated by the Administrator as an Incentive Stock Option.
	 	 	 
	 	(u)	“IPO
    Date” means the date on which the underwriting agreement between the Company and the underwriter(s) managing the
    initial public offering of the Company Stock, pursuant to which the Company Stock is priced for the initial public offering,
    is executed.
	 	 	 
	 	(v)	“Long-Term
    Incentive Award” shall mean an Award that is based upon a period in excess of one year.
	 	 	 
	 	(w)	“Nonemployee
    Director” shall mean a member of the Board of Directors who is not an employee of the Company.
	 	 	 
	 	(x)	“Nonstatutory
    Stock Option” shall mean an Option other than an Incentive Stock Option.

  

	 	(y)	“Option”
    shall mean an option to purchase shares of Company Stock granted pursuant to Section 6(b).

 

	 	(z)	“Other
    Cash-Based Award” shall mean a right or other interest granted to a Participant pursuant to Section 6(g) hereof
    other than an Other Stock-Based Award entitling such Participant to receive a cash payment at such times, and subject to such
    conditions, as are set forth in the Plan and the applicable Award Agreement.

 

    3

    

    

 

	 	(aa)	“Other
    Stock-Based Award” shall mean a right or other interest granted to a Participant, valued in whole or in part by
    reference to, or otherwise based on, or related to, Company Stock pursuant to Section 6(g) hereof, including but not
    limited to: (i) unrestricted Company Stock awarded as a bonus or upon the attainment of performance goals or otherwise
    as permitted under the Plan; and (ii) a right granted to a Participant to acquire Company Stock from the Company containing
    terms and conditions prescribed by the Administrator.

 

	 	(bb)	“Participant”
    shall mean an officer, director, employee or consultant of the Company to whom an Award is granted pursuant to the Plan, and,
    upon the death of the officer, director, employee or consultant, his or her successors, heirs, executors and administrators,
    as the case may be.

 

	 	(cc)	“Performance
    Award” shall mean an Award granted to a Participant pursuant to Section 6(f) hereof.

 

	 	(dd)	“Person”
    shall have the meaning set forth in Section 3(a)(9) of the Exchange Act, except that such term shall not include: (i) the
    Company; (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company; (iii) an
    underwriter temporarily holding securities pursuant to an offering of such securities; or (iv) a corporation owned, directly
    or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the
    Company.

 

	 	(ee)	“Restricted
    Stock” shall mean a share of Company Stock that is granted pursuant to the terms of Section 6(e) hereof.

 

	 	(ff)	“Rule
    16b-3” shall mean Rule 16b-3 promulgated under the Exchange Act, as amended from time to time.

 

	 	(gg)	“Securities
    Act” shall mean the Securities Act of 1933, as amended from time to time.

 

	 	(hh)	“Stock
    Appreciation Right” shall mean the right, granted to a Participant under Section 6(d), to be paid an amount
    measured by the appreciation in the Fair Market Value of a share of Company Stock from the date of grant to the date of exercise
    of the right, with payment to be made in cash and/or a share of Company Stock, as specified in the Award or determined by
    the Administrator.

 

	 	(ii)	“Stock
    Bonus” shall mean a bonus payable in shares of Company Stock granted pursuant to Section 6(e) hereof.

 

	 	(jj)	“Subsidiary”
    shall mean an entity (whether or not a corporation) that is wholly or majority owned or controlled, directly or indirectly,
    by the Company; provided, however, that with respect to Incentive Stock Options, the term “Subsidiary” shall include
    only an entity that qualifies under Section 424(f) of the Code as a “subsidiary corporation” with respect to the
    Company.

 

    4

    

    

 

3.  Administration
of the Plan.

 

The
Plan shall be administered by the Administrator, which shall be the Company’s Board of Directors or a Committee appointed
by the Board of Directors. The Administrator shall have the authority, in its sole discretion, subject to and not inconsistent
with the express terms and provisions of the Plan, to administer the Plan and to exercise all the powers and authorities either
specifically granted to it under the Plan or necessary or advisable in the administration of the Plan, including, without limitation,
the authority to grant Awards; to determine the persons to whom and the time or times at which Awards shall be granted; to determine
the type and number of Awards to be granted (including whether an Option granted is an Incentive Stock Option or a Nonstatutory
Stock Option); to determine the number of shares of Company Stock to which an Award may relate and the terms, conditions, restrictions
and performance criteria, if any, relating to any Award; to determine whether, to what extent, and under what circumstances an
Award may be settled, cancelled, forfeited, exchanged or surrendered; to make adjustments in the performance goals that may be
required for any award in recognition of unusual or nonrecurring events affecting the Company or the financial statements of the
Company (to the extent not inconsistent with Section 162(m) of the Code, if applicable), or in response to changes in applicable
laws, regulations, or accounting principles; to construe and interpret the Plan and any Award; to prescribe, amend and rescind
rules and regulations relating to the Plan; to determine the terms and provisions of Agreements; and to make all other determinations
deemed necessary or advisable for the administration of the Plan.

 

The
Administrator may, in its absolute discretion, without amendment to the Plan, (a) accelerate the date on which any Option
granted under the Plan becomes exercisable, waive or amend the operation of Plan provisions respecting exercise after termination
of employment or otherwise adjust any of the terms of such Option; and (b) accelerate the vesting date, or waive any condition
imposed hereunder, with respect to any Award or otherwise adjust any of the terms applicable to any such Award. Notwithstanding
the foregoing, and subject to Sections 4(c) and 4(d), neither the Administrator nor its delegates shall have the authority to
re-price (or cancel and/or re-grant) any Option, Stock Appreciation Right or, if applicable, other Award at a lower exercise,
base or purchase price without first obtaining the approval of the Company’s stockholders.

 

Subject
to Section 162(m) of the Code and except as required by Rule 16b-3 of the Exchange Act with respect to grants of Awards to
individuals who are subject to Section 16 of the Exchange Act, or as otherwise required for compliance with Rule 16b-3 of
the Exchange Act or other applicable law, the Administrator may delegate all or any part of its authority under the Plan to officers
or managers of the Company.

 

Subject
to Section 162(m) of the Code and Section 16 of the Exchange Act, to the extent the Administrator deems it necessary,
appropriate or desirable to comply with foreign law or practices and to further the purpose of the Plan, the Administrator may,
without amending this Plan, establish special rules applicable to Awards granted to Participants who are foreign nationals, are
employed outside the United States, or both, including rules that differ from those set forth in the Plan, and grant Awards to
such Participants in accordance with those rules.

 

All
decisions, determinations and interpretations of the Administrator shall be final and binding on all persons with any interest
in an Award, including the Company and the Participant (or any person claiming any rights under the Plan from or through any Participant).
No member of the Administrator acting in their capacity as Administrator shall be liable for any action taken or determination
made in good faith with respect to the Plan or any Award.

  

4.
Stock Subject to the Plan.

  

	 	(a)	Shares
    Available for Awards. The maximum aggregate number of shares of Company Stock reserved for issuance under the Plan (all
    of which may be granted as Incentive Stock Options) shall be One Million Seven Hundred and Fifty Thousand (1,750,000) shares.
    Notwithstanding the foregoing, of the One Million Seven Hundred and Fifty Thousand (1,750,000) shares reserved for issuance
    under this Plan, no more than One Million (1,000,000) of such shares shall be issued as Full Value Awards. Shares of
    Company Stock reserved under the Plan may be authorized but unissued Company Stock or authorized and issued Company Stock
    held in the Company’s treasury. The Administrator may direct that any stock certificate evidencing shares issued pursuant
    to the Plan shall bear a legend setting forth such restrictions on transferability as may apply to such shares pursuant to
    the Plan.

  

	 	(b)	Individual
    Limitation. To the extent required by Section 162(m) of the Code, the total number of shares of Company Stock subject
    to Awards awarded to any one Participant during any tax year of the Company, shall not exceed Five Hundred Thousand (500,000)
    shares (subject to adjustment as provided herein).

 

	 	(c)	Adjustment
    for Change in Capitalization. In the event that the Administrator shall determine that any dividend or other distribution
    (whether in the form of cash, Company Stock, or other property), recapitalization, Company Stock split, reverse Company Stock
    split, reorganization, reclassification, merger, consolidation, spin-off, combination, repurchase, share exchange, liquidation,
    dissolution or other similar corporate transaction or event, affects the Company Stock such that an adjustment is appropriate
    in order to prevent dilution or enlargement of the rights of Participants under the Plan, then the Administrator shall make
    such equitable changes or adjustments as it deems necessary or appropriate to any or all of (i) the number and kind of
    shares of Company Stock that may thereafter be issued in connection with Awards; (ii) the number and kind of shares of
    Company Stock, securities or other property (including cash) issued or issuable in respect of outstanding Awards; (iii) the
    exercise price, grant price or purchase price relating to any Award; and (iv) the maximum number of shares subject to
    Awards which may be awarded to any employee during any tax year of the Company; provided that, with respect to Incentive Stock
    Options, any such adjustment shall be made in accordance with Section 424 of the Code; and provided further that, no
    such adjustment shall cause any Award hereunder which is or could be subject to Section 409A of the Code to fail to comply
    with the requirements of such section.

 

    5

    

    

 

	 	(d)	Specific
    Adjustments. Notwithstanding the foregoing, in connection with a spin-off or similar corporate transaction, the Administrator
    shall be required with respect to the Plan and to Awards granted thereunder to make adjustments described in this Section 4(d)
    that may include, but are not limited to, (i) the imposition of restrictions on any distribution with respect to Restricted
    Stock or similar Awards; and (ii) the substitution of comparable Options to purchase the common stock of another entity
    or Stock Appreciation Rights or Other Stock-Based Awards denominated in the securities of another entity, which may be settled
    in the form of cash, Company Stock, stock of such other entity, or other securities or property, as determined by the Administrator
    to the extent that any existing gain would otherwise be diminished without payment of adequate compensation to the holder
    of the award; and, in the event of such a substitution, references in this Plan and in the applicable Award Agreements thereunder
    to “Company Stock” or “Stock” shall be deemed to also refer to the securities of the
    other entity where appropriate.

 

	 	(e)	Reuse
    of Shares. Except as set forth below, if any shares subject to an Award are forfeited, cancelled, exchanged or surrendered,
    or if an Award terminates or expires without a distribution of shares to the Participant, the shares of stock with respect
    to such Award shall, to the extent of any such forfeiture, cancellation, exchange, surrender, withholding, termination or
    expiration, again be available for Awards under the Plan. Notwithstanding the foregoing, upon the exercise of any Award granted
    in tandem with any other Awards, such related Awards shall be cancelled to the extent of the number of shares of Company Stock
    as to which the Award is exercised and such number of shares shall no longer be available for Awards under the Plan. In addition,
    notwithstanding the forgoing, the shares of stock surrendered or withheld as payment of either the exercise price of an Option
    (including shares of stock otherwise underlying an Award of a Stock Appreciation Right that are retained by the Company to
    account for the appreciation base of such Stock Appreciation Right) and/or withholding taxes in respect of an Award shall
    no longer be available for Awards under the Plan.

 

5.
Eligibility.

 

The
persons who shall be eligible to receive Awards pursuant to the Plan shall be the individuals the Administrator shall select from
time to time, who are employees (including officers of the Company and its Subsidiaries, whether or not they are directors of
the Company or its Subsidiaries), Nonemployee Directors, and consultants of the Company and its Subsidiaries; provided, that Incentive
Stock Options shall be granted only to employees (including officers and directors who are also employees) of the Company or its
Subsidiaries.

 

6.
Awards Under the Plan.

 

	 	(a)	Agreement.  The
    Administrator may grant Awards in such amounts and with such terms and conditions as it shall determine in its sole discretion,
    subject to the terms and provisions of the Plan. Each Award granted under the Plan shall be evidenced by an Agreement as the
    Administrator may in its sole discretion deem necessary or desirable and unless Administrator determines otherwise, such Agreement
    must be signed, acknowledged and returned by the Participant to the Company. Unless the Administrator determines otherwise,
    any failure by the Participant to sign and return the Award Agreement within such reasonable period of time following the
    granting of the Award as the Administrator shall prescribe shall cause such Award to the Participant to be null and void.
    By accepting an Award or other benefits under the Plan (including participation in the Plan), each Participant shall be conclusively
    deemed to have indicated acceptance and ratification of, and consent to, all provisions of the Plan and the Award Agreement.

 

    6

    

    

 

	 	(b)	Stock
    Options.

 

	 	(i)	Grant
    of Stock Options. The Administrator may grant Options under the Plan to purchase shares of Company Stock in such amounts
    and subject to such terms and conditions as it shall from time to time determine in its sole discretion, subject to the terms
    and provisions of the Plan. The exercise price of the share purchasable under an Option shall be determined by the Administrator
    but in no event shall the exercise price be less than the Fair Market Value per share on the grant date of such Option. The
    date as of which the Administrator adopts a resolution granting an Option shall be considered the day on which such Option
    is granted unless such resolution specifies a later date.

 

	 	(ii)	Identification.
    Each Option shall be clearly identified in the applicable Award Agreement as either an Incentive Stock Option or a Nonstatutory
    Stock Option and shall state the number of shares of Company Stock to which the Option (and/or each type of Option) relates.

 

	 	(c)	Special
    Requirements for Incentive Stock Options.

 

	 	(i)	To
    the extent that the aggregate Fair Market Value of shares of Company Stock with respect to which Incentive Stock Options are
    exercisable for the first time by a Participant during any calendar year under the Plan and any other stock option plan of
    the Company shall exceed $100,000, such Options shall be treated as Nonstatutory Stock Options. Such Fair Market Value shall
    be determined as of the date on which each such Incentive Stock Option is granted.

 

	 	(ii)	No
    Incentive Stock Option may be granted to an individual if, at the time of the proposed grant, such individual owns (or is
    deemed to own under the Code) stock possessing more than 10% of the total combined voting power of all classes of stock of
    the Company unless (A) the exercise price of such Incentive Stock Option is at least 110% of the Fair Market Value of
    a share of Company Stock at the time such Incentive Stock Option is granted and (B) such Incentive Stock Option is not
    exercisable after the expiration of five years from the date such Incentive Stock Option is granted.

 

	 	(d)	Stock
    Appreciation Rights.

 

	 	(i)	The
    Administrator may grant a related Stock Appreciation Right in connection with all or any part of an Option granted under the
    Plan, either at the time such Option is granted or at any time thereafter prior to the exercise, termination or cancellation
    of such Option, and subject to such terms and conditions as the Administrator shall from time to time determine in its sole
    discretion, consistent with the terms and provisions of the Plan, provided, however, that in no event shall the appreciation
    base of the shares of Company Stock subject to the Stock Appreciation Right be less than the Fair Market Value per share on
    the grant date of such Stock Appreciation Right. The holder of a related Stock Appreciation Right shall, subject to the terms
    and conditions of the Plan and the applicable Award Agreement, have the right by exercise thereof to surrender to the Company
    for cancellation all or a portion of such related Stock Appreciation Right, but only to the extent that the related Option
    is then exercisable, and to be paid therefor an amount equal to the excess (if any) of (i) the aggregate Fair Market
    Value of the shares of Company Stock subject to the related Stock Appreciation Right or portion thereof surrendered (determined
    as of the exercise date) over (ii) the aggregate appreciation base of the shares of Company Stock subject to the Stock
    Appreciation Right or portion thereof surrendered. Upon any exercise of a related Stock Appreciation Right or any portion
    thereof, the number of shares of Company Stock subject to the related Option shall be reduced by the number of shares of Company
    Stock in respect of which such Stock Appreciation Right shall have been exercised.

 

    7

    

    

 

	 	(ii)	The
    Administrator may grant unrelated Stock Appreciation Rights in such amount and subject to such terms and conditions, as the
    Administrator, shall from time to time determine in its sole discretion, subject to the terms and provisions of the Plan,
    provided, however, that in no event shall the appreciation base of the shares of Company Stock subject to the Stock Appreciation
    Right be less than the Fair Market Value per share on the grant date of such Stock Appreciation Right. The holder of an unrelated
    Stock Appreciation Right shall, subject to the terms and conditions of the Plan and the applicable Award Agreement, have the
    right to surrender to the Company for cancellation all or a portion of such Stock Appreciation Right, but only to the extent
    that such Stock Appreciation Right is then exercisable, and to be paid therefor an amount equal to the excess (if any) of
    (x) the aggregate Fair Market Value of the shares of Company Stock subject to the Stock Appreciation Right or portion
    thereof surrendered (determined as of the exercise date), over (y) the aggregate appreciation base of the shares of Company
    Stock subject to the Stock Appreciation Right or portion thereof surrendered.

 

	 	(iii)	The
    grant or exercisability of any Stock Appreciation Right shall be subject to such conditions as the Administrator in its sole
    discretion, shall determine.

 

	 	(e)	Restricted
    Stock and Stock Bonus.

 

	 	(i)	The
    Administrator may grant Restricted Stock awards, alone or in tandem with other Awards under the Plan, subject to such restrictions,
    terms and conditions, as the Administrator shall determine in its sole discretion and as shall be evidenced by the applicable
    Award Agreements. The vesting of a Restricted Stock award granted under the Plan may be conditioned upon the completion of
    a specified period of employment or service with the Company or any Subsidiary, upon the attainment of specified performance
    goals, and/or upon such other criteria as the Administrator may determine in its sole discretion.

 

	 	(ii)	Each
    Agreement with respect to a Restricted Stock award shall set forth the amount (if any) to be paid by the Participant with
    respect to such Award and when and under what circumstances such payment is required to be made.

 

	 	(iii)	The
    Administrator may, upon such terms and conditions as the Administrator determines in its sole discretion, provide that a certificate
    or certificates representing the shares underlying a Restricted Stock award shall be registered in the Participant’s
    name and bear an appropriate legend specifying that such shares are not transferable and are subject to the provisions of
    the Plan and the restrictions, terms and conditions set forth in the applicable Award Agreement, or that such certificate
    or certificates shall be held in escrow by the Company on behalf of the Participant until such shares become vested or are
    forfeited. Except as provided in the applicable Award Agreement, no shares underlying a Restricted Stock award may be assigned,
    transferred, or otherwise encumbered or disposed of by the Participant until such shares have vested in accordance with the
    terms of such Award.

 

	 	(iv)	If
    and to the extent that the applicable Award Agreement may so provide, a Participant shall have the right to vote and receive
    dividends on the shares underlying a Restricted Stock award granted under the Plan. Unless otherwise provided in the applicable
    Award Agreement, any stock received as a dividend on or in connection with a stock split of the shares underlying a Restricted
    Stock award shall be subject to the same restrictions as the shares underlying such Restricted Stock award.

 

	 	(v)	The
    Administrator may grant Stock Bonus awards, alone or in tandem with other Awards under the Plan, subject to such terms and
    conditions as it shall determine in its sole discretion and as may be evidenced by the applicable Award Agreement.

 

	 	(f)	Performance
    Awards.

 

	 	(i)	The
    Administrator may grant Performance Awards, alone or in tandem with other Awards under the Plan, to acquire shares of Company
    Stock in such amounts and subject to such terms and conditions as the Administrator shall from time to time in its sole discretion
    determine, subject to the terms of the Plan. To the extent necessary to satisfy the short-term deferral exception to Section 409A
    of the Code, unless the Administrator shall determine otherwise, the Performance Awards shall provide that payment shall be
    made within 2 1/2 months after the end of the year in which the Participant has a legally binding vested right to such
    award.

 

    8

    

    

 

	 	(ii)	In
    the event that the Administrator grants a Performance Award or other Award (other than Nonstatutory Stock Option or Incentive
    Stock Option or a Stock Appreciation Right) that is intended to constitute qualified performance-based compensation within
    the meaning Section 162(m) of the Code, the following rules shall apply (as such rules may be modified by the Administrator
    to conform with Section 162(m) of the Code and the Treasury Regulations thereunder as may be in effect from time to time,
    and any amendments, revisions or successor provisions thereto): (a) payments under the Performance Award shall be made solely
    on account of the attainment of one or more objective performance goals established in writing by the Administrator not later
    than 90 days after the commencement of the period of service to which the Performance Award relates (but in no event after
    25% of the period of service has elapsed); (b) the performance goal(s) to which the Performance Award relates shall be
    based on one or more of the following business criteria applied to the Participant and/or a business unit or the Company and/or
    a Subsidiary: (1) product development progress; (2) business development progress; (3) sales; (4) sales growth; (5) earnings
    growth; (6) cash flow or cash position; (7) gross margins; (8) stock price; (9) financings (issuance of debt or equity); (10) market
    share; (11) total stockholder return; (12) net revenues; (13) earnings per share of Company Stock; (14) net
    income (before or after taxes); (15) return on assets; (16) return on sales; (17) equity or investment; (18) improvement
    of financial ratings; (19) achievement of balance sheet or income statement objectives; (20) total stockholder return; (21)
    earnings from continuing operations; levels of expense; cost or liability; (22) earnings before all or any interest;
    taxes; depreciation and/or amortization (“EBIT”; “EBITA” or “EBITDA”);
    (23) cost reduction goals; (24) business development goals (including without limitation product launches and other business
    development-related opportunities); (25) identification or consummation of investment opportunities or completion of specified
    projects in accordance with corporate business plans; including strategic mergers; acquisitions or divestitures; (26) meeting
    specified market penetration or value added goals; (27) development of new technologies (including patent application or issuance
    goals); and (28) any combination of; or a specified increase or decrease of one or more of the foregoing over a specified
    period; and (c) once granted, the Administrator may not have discretion to increase the amount payable under such Award,
    provided, however, that whether or not an Award is intended to constitute qualified performance-based compensation within
    the meaning of Section 162(m) of the Code, the Administrator, to the extent provided by the Administrator at the time
    the Award is granted or as otherwise permitted under Section 162(m) of the Code, shall have the authority to make appropriate
    adjustments in performance goals under an Award to reflect the impact of extraordinary items not reflected in such goals.
    For purposes of the Plan, extraordinary items shall be defined as (1) any profit or loss attributable to acquisitions
    or dispositions of stock or assets including, without limitation, licenses; (2) any changes in accounting standards that
    may be required or permitted by the Financial Accounting Standards Board or adopted by the Company after the goal is established;
    (3) all items of gain, loss or expense for the year related to restructuring charges for the Company; (4) all items
    of gain, loss or expense for the year determined to be extraordinary or unusual in nature or infrequent in occurrence or related
    to the disposal of a segment of a business; (5) all items of gain, loss or expense for the year related to discontinued
    operations that do not qualify as a segment of a business as defined in APB Opinion No. 30; and (6) such other items
    as may be prescribed by Section 162(m) of the Code and the Treasury Regulations thereunder as may be in effect from time
    to time, and any amendments, revisions or successor provisions and any changes thereto. The Board of Directors or the Committee
    shall, prior to making payment under any award under this Section 6(f), certify in writing that all applicable performance
    goals have been attained. Notwithstanding anything to the contrary contained in the Plan or in any applicable Award Agreement,
    no dividends or dividend equivalents will be paid with respect to unvested Performance Awards.

  

    9

    

    

 

	 	(g)	Other
    Stock-Based Award; Cash-Based Award; Restricted Stock Units.

 

	 	(i)	Other
        Stock-Based Awards; Cash-Based Awards. The Administrator is authorized to grant Awards to Participants in the form
        of Other Stock-Based Awards or Other Cash-Based Awards, as deemed by the Administrator to be consistent with the purposes
        of the Plan. To the extent necessary to satisfy the short-term deferral exception to Section 409A of the Code, unless
        the Administrator shall determine otherwise, the awards shall provide that payment shall be made within 21⁄2 months
        after the end of the year in which the Participant has a legally binding vested right to such award. With respect to Other
        Cash-Based Awards intended to qualify as performance based compensation under Section 162(m) of the Code, (i) the
        maximum value of the aggregate payment that any Participant may receive with respect to any such Other Cash-Based Award
        shall be in such amounts and subject to such terms and conditions as the Board of Directors or the Committee shall determine;
        (ii) the maximum value of the aggregate payment that any Participant may receive with respect to any such Other Cash-Based
        Award that is a Long-Term Incentive Award is the highest amount paid pursuant to clause (i) above multiplied by a
        fraction, the numerator of which is the number of months in the performance period and the denominator of which is twelve,
        and (iii) such additional rules set forth in Section 6(f) applicable to Awards intended to qualify as performance-based
        compensation under Section 162(m) shall apply. The Administrator may establish such other rules applicable to the
        Other Stock-Based Awards or Cash-Based Awards to the extent not inconsistent with Section 162(m) of the Code.

         

        (ii)
        Grant of Restricted Stock Units. A restricted stock unit (“Restricted Stock Unit”) represents
        the right to receive from the Company on the respective scheduled vesting or payment date for such Restricted Stock Unit,
        one share of Common Stock. An Award of a Restricted Stock Unit may be subject to the attainment of specified performance
        goals or targets, forfeitability provisions and such other terms and conditions as the Administrator may determine, subject
        to the provisions of this Plan. At the time an Award of Restricted Stock Units is made, the Administrator shall establish
        a period of time during which the restricted stock units shall vest and the timing for settlement of the Restricted Stock
        Unit, which shall be set forth in the applicable Restricted Stock award agreement.

         

        (iii)
        Dividend Equivalent Accounts–Restricted Stock Units. Subject to the terms and conditions of this Plan and
        the applicable Restricted Stock Unit award agreement, as well as any procedures established by the Administrator, prior
        to the expiration of the applicable vesting period of an Restricted Stock Unit, the Administrator may determine to pay
        dividend equivalent rights with respect to Restricted Stock Units, in which case, the Company shall establish an account
        for the participant and reflect in that account any securities, cash or other property comprising any dividend or property
        distribution with respect to the shares of Common Stock underlying each Restricted Stock Unit. Each amount or other property
        credited to any such account shall be subject to the same vesting conditions as the Restricted Stock Unit to which it
        relates. The participant shall have the right to be paid the amounts or other property credited to such account upon vesting
        of the subject Restricted Stock Unit.

         

        (iv)
        Rights as a Stockholder–Restricted Stock Units. Subject to the restrictions imposed under the terms and conditions
        of this Plan and the applicable Restricted Stock Unit award agreement, each participant receiving Restricted Stock Units
        shall have no rights as a stockholder with respect to such Restricted Stock Units until such time as shares of Common
        Stock are issued to the participant. No shares of Common Stock shall be issued at the time a Restricted Stock Unit is
        granted, and the Company will not be required to set aside a fund for the payment of any such award. Except as otherwise
        provided in the applicable award agreement, shares of Common Stock issuable under an Restricted Stock Unit shall be treated
        as issued on the first date that the holder of the Restricted Stock Unit is no longer subject to a substantial risk of
        forfeiture as determined for purposes of Section 409A of the Code, and the holder shall be the owner of such shares
        of Common Stock on such date. An award agreement may provide that issuance of shares of Common Stock under an Restricted
        Stock Unit may be deferred beyond the first date that the Restricted Stock Unit is no longer subject to a substantial
        risk of forfeiture, provided that such deferral is structured in a manner that is intended to comply with the requirements
        of Section 409A of the Code.

	 	 	 
	 	(h)	Exercisability
    of Awards; Cancellation of Awards in Certain Cases.
	 	 	 	 	 

	 	(i)	Except
    as hereinafter provided, each Agreement with respect to an Option or Stock Appreciation Right shall set forth the period during
    which and the conditions subject to which the Option or Stock Appreciation Right evidenced thereby shall be exercisable, and
    each Agreement with respect to a Restricted Stock award, Stock Bonus award, Performance Award or other Award shall set forth
    the period after which and the conditions subject to which amounts underlying such Award shall vest or be deliverable, all
    such periods and conditions to be determined by the Administrator in its sole discretion.

 

    10

    

    

 

	 	(ii)	Except
    as provided in Section 7(d) hereof, no Option or Stock Appreciation Right may be exercised and no shares of Company Stock
    underlying any other Award under the Plan may vest or become deliverable more than ten years after the date of grant (the
    “Stated Expiration Date”).

  

	 	(iii)	Except
    as provided in Section 7 hereof, no Option or Stock Appreciation Right may be exercised and no shares of Common Stock
    underlying any other Award under the Plan may vest or become deliverable unless the Participant is at such time in the employ
    (for Participants who are employees) or service (for Participants who are Nonemployee Directors or consultants) of the Company
    or a Subsidiary (or a company, or a parent or subsidiary company of such company, issuing or assuming the relevant right or
    award in a Change in Control) and has remained continuously so employed or in service since the relevant date of grant of
    the Award.

 

	 	(iv)	An
    Option or Stock Appreciation Right shall be exercisable by the filing of a written notice of exercise or a notice of exercise
    in such other manner with the Company, on such form and in such manner as the Administrator in its sole discretion prescribe,
    and by payment in accordance with Section 6(i) hereof.

   

	 	(v)	Unless
    the applicable Award Agreement provides otherwise, the “Option exercise date” and the “Stock Appreciation
    Right exercise date” shall be the date that the written notice of exercise, together with payment, are received by the
    Company.

  

	 	(i)	Payment
    of Award Price.

 

	 	(i)	Unless
    the applicable Award Agreement provides otherwise or the Administrator in its sole discretion otherwise determines, any written
    notice of exercise of an Option or Stock Appreciation Right must be accompanied by payment of the full Option or Stock Appreciation
    Right exercise price.

 

	 	(ii)	Payment
    of the Option exercise price and of any other payment required by the Award Agreement to be made pursuant to any other Award
    shall be made in any combination of the following: (a) by certified or official bank check payable to the Company (or
    the equivalent thereof acceptable to the Administrator); (b) with the consent of the Administrator its sole discretion,
    by personal check (subject to collection) which may in the discretion of the Administrator be deemed conditional; (c) unless
    otherwise provided in the applicable Award Agreement, and as permitted by the Administrator by delivery of previously-acquired
    shares of Common Stock owned by the Participant having a Fair Market Value (determined as of the Option exercise date, in
    the case of Options, or other relevant payment date as determined by the Administrator, in the case of other Awards) equal
    to the portion of the exercise price being paid thereby; and/or (d) unless otherwise provided in applicable Award Agreement,
    and as permitted by the Administrator, on a net-settlement basis with the Company withholding the amount of Common Stock sufficient
    to cover the exercise price and tax withholding obligation. Payment in accordance with clause (a) of this Section 6(i)(ii)
    may be deemed to be satisfied, if and to the extent that the applicable Award Agreement so provides or the Administrator permits,
    by delivery to the Company of an assignment of a sufficient amount of the proceeds from the sale of Company Stock to be acquired
    pursuant to the Award to pay for all of the Company Stock to be acquired pursuant to the Award and an authorization to the
    broker or selling agent to pay that amount to the Company and to effect such sale at the time of exercise or other delivery
    of shares of Company Stock.

 

    11

    

    

 

7.
Termination of Employment.

 

	 	(a)	Except
    as otherwise provided in the applicable Award Agreement or other agreement between the Participant and the Company, upon termination
    of a Participant’s employment or service with the Company and its Subsidiaries by the Company or its Subsidiary for
    Cause (or in the case of a Nonemployee Director upon such Nonemployee Director’s failure to be renominated as Nonemployee
    Director of the Company), the portions of outstanding Awards granted to such Participant that are exercisable as of the date
    of such termination of employment or service shall remain exercisable, and any payment or notice provided for under the terms
    of any other outstanding Award as respects the portion thereof that is vested as of the date of such termination of employment
    or service, may be given, for a period of ninety (90) days from and including the date of termination of employment or
    service (and shall thereafter terminate). All portions of outstanding Awards granted to such Participant that are not exercisable
    as of the date of such termination of employment or service, and any other outstanding Award which is not vested as of the
    date of such termination of employment or service shall terminate upon the date of such termination of employment or service.

 

	 	(b)	Except
    as otherwise provided in the applicable Award Agreement or other agreement between the Participant and the Company, upon termination
    of the Participant’s employment or service with the Company and its Subsidiaries for any reason other than as described
    in subsection (a), (c), (d) or (e) hereof, the portions of outstanding Awards granted to such Participant that are
    exercisable as of the date of such termination of employment or service shall remain exercisable for a period of ninety (90) days
    (and shall terminate thereafter), and any payment or notice provided for under the terms of any other outstanding Award as
    respects the portion thereof vested as of the date of termination of employment or service may be given, for a period of ninety
    (90) days from and including the date of termination of employment or service (and shall terminate thereafter). All additional
    portions of outstanding Awards granted to such Participant that are not exercisable as of the date of such termination of
    employment or service, and any other outstanding Award that is not vested as of the date of such termination of employment
    or service shall terminate upon the date of such termination of employment or service.

  

	 	(c)	Except
    as otherwise provided in the applicable Award Agreement or other agreement between the Participant and the Company, if the
    Participant’s employment or service terminates due to Disability, all outstanding Awards with respect to Awards (other
    than Options and Stock Appreciation Rights) intended to qualify as performance-based compensation within the meaning of Section 162(m)
    of the Code) granted to such Participant shall continue to vest in accordance with the terms of the applicable Award Agreements.
    The Participant shall be entitled to exercise each such Award and to make any payment, give any notice or to satisfy other
    condition under each such other Award, in each case, for a period of one year from and including the date such entire Award
    becomes vested or exercisable in accordance with the terms of such Award and thereafter such Awards or parts thereof shall
    be canceled. Notwithstanding the foregoing, the Administrator in its sole discretion may provide for a longer or shorter period
    for exercise of an Award or may permit a Participant to continue vesting under an Award or to make any payment, give any notice
    or to satisfy other condition under any other Award.

 

	 	(d)	Except
    as otherwise provided in the applicable Award Agreement or other agreement between the Participant and the Company, if the
    Participant’s employment or service terminates by reason of death, or if the Participant’s employment or service
    terminates under circumstances providing for continued rights under subsection (b), (c) or (e) of this Section 7
    and during the period of continued rights described in subsection (b), (c) or (e) the Participant dies, all outstanding
    Awards granted to such Participant shall vest and become fully exercisable (if applicable), and any payment or notice provided
    for under the terms of any other outstanding Award may be immediately paid or given and any condition may be satisfied, by
    the person to whom such rights have passed under the Participant’s will (or if applicable, pursuant to the laws of descent
    and distribution) for a period of one year from and including the date of the Participant’s death and thereafter all
    such Awards or parts thereof shall be canceled.

 

	 	(e)	Except
    as otherwise provided in the applicable Award Agreement or other agreement between the Participant and the Company, upon termination
    of a Participant’s employment or service with the Company and its Subsidiaries (i) by the Company or its Subsidiaries
    without Cause (including, in case of a Nonemployee Director, the failure to be elected as a Nonemployee Director); or (ii) by
    the Participant for “good reason” or any like term as defined under any employment agreement with the Company
    or a Subsidiary to which a Participant may be a party to, the portions of outstanding Awards granted to such Participant which
    are exercisable as of the date of termination of employment or service of such Participant shall remain exercisable, and any
    payment or notice provided for under the terms of any other outstanding Award as respects the portion thereof vested as of
    the date of termination of employment or service may be given, for a period of one year from and including the date of termination
    of employment or service and shall terminate thereafter.

 

    12

    

    

 

	 	(f)	Notwithstanding
    anything in this Section 7 to the contrary, no Option or Stock Appreciation Right may be exercised and no shares of Company
    Stock underlying any other Award under the Plan may vest or become deliverable past the Stated Expiration Date. In addition,
    the Administrator in its sole discretion, and in accordance with Section 409A of the Code, shall determine (i) for
    purposes of the Plan, whether any termination of employment or service is a voluntary retirement with the Company’s
    consent or is due to Disability for purposes of the Plan; (ii) whether any leave of absence (including any short-term
    or long-term Disability or medical leave) constitutes a termination of employment or service, or a failure to have remained
    continuously employed or in service, for purposes of the Plan (regardless of whether such leave or status would constitute
    such a termination or failure for purposes of employment law); (iii) the applicable date of any such termination of employment
    or service; and (iv) the impact, if any, of any of the foregoing on Awards under the Plan.

 

8.
Effect of Change in Control.

 

Unless
otherwise determined in an Award Agreement, in the event of a Change in Control:

 

	 	(a)	With
    respect to each outstanding Award that is assumed or substituted in connection with a Change in Control, in the event of a
    termination of a Participant’s employment or service by the Company without Cause during the 12-month period following
    such Change in Control, on the date of such termination (i) such Award shall become fully vested and, if applicable,
    exercisable; (ii) the restrictions, payment conditions, and forfeiture conditions applicable to any such Award granted
    shall lapse; and (iii) any performance conditions imposed with respect to Awards shall be deemed to be fully achieved
    at target levels.

 

	 	(b)	For
    purposes of this Section 8, an Award shall be considered assumed or substituted if, following the Change in Control,
    the Award remains subject to the same terms and conditions that were applicable to the Award immediately prior to the Change
    in Control except that, if the Award related to shares of Company Stock, the Award instead confers the right to receive common
    stock of the acquiring entity.

 

	 	(c)	With
    respect to each outstanding Award that is not assumed or substituted in connection with a Change in Control, immediately upon
    the occurrence of the Change in Control, (i) such Award shall become fully vested and, if applicable, exercisable; (ii) the
    restrictions, payment conditions, and forfeiture conditions applicable to any such Award granted shall lapse; and (iii) any
    performance conditions imposed with respect to Awards shall be deemed to be fully achieved at target levels.

  

	 	(d)	Notwithstanding
    any other provision of the Plan: (i) in the event of a Change in Control, except as would otherwise result in adverse
    tax consequences under Section 409A of the Code, the Board may, in its sole discretion, provide that each Award shall,
    immediately upon the occurrence of a Change in Control, be cancelled in exchange for a payment in cash or securities in an
    amount equal to (x) the excess of the consideration paid per Share in the Change in Control over the exercise or purchase
    price (if any) per Share subject to the Award multiplied by (y) the number of Shares granted under the Award; and (ii) with
    respect to any Award that constitutes a deferral of compensation subject to Section 409A of the Code, in the event of
    a Change in Control that does not constitute a change in the ownership or effective control of the Company or in the ownership
    of a substantial portion of the assets of the Company under Section 409A(a)(2)(A)(v) of the Code and regulations thereunder,
    such Award shall be settled in accordance with its original terms or at such earlier time as permitted by Section 409A
    of the Code.

  

    13

    

    

 

9.
Miscellaneous.

 

	 	(a)	The
    Administrator may specify in an Award Agreement at the time of the Award that the Participant’s rights, payments and
    benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence
    of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events
    shall include, but shall not be limited to, termination of service for Cause, violation of material Company policies, breach
    of non-competition, confidentiality or other restrictive covenants that may apply to the Participant, or other conduct by
    the Participant that is detrimental to the business or reputation of the Company. Notwithstanding any other provision hereof,
    the Administrator shall have the right at any time to deny or delay a Participant’s exercise of Options if such Participant
    is reasonably believed by the Administrator to have engaged in material conduct adverse to the interests of the Company.

 

	 	(b)	Participants
    are and at all times shall remain subject to the trading window policies adopted by the Company from time to time throughout
    the period of time during which they may exercise Options, Stock Appreciation Rights or sell shares of Company Stock acquired
    pursuant to the Plan.

 

10.
No Special Employment Rights, No Right to Award.

 

	 	(a)	Nothing
    contained in the Plan or any Agreement shall confer upon any Participant any right with respect to the continuation of employment
    or service by the Company or interfere in any way with the right of the Company, subject to the terms of any separate employment
    agreement to the contrary, at any time to terminate such employment or service or to increase or decrease the compensation
    of the Participant.

 

	 	(b)	No
    person shall have any claim or right to receive an Award hereunder. The granting of an Award to a Participant at any time
    shall neither require the Company to grant any other Award to such Participant or other person at any time or preclude the
    Company from making subsequent grants to such Participant or any other person.

 

11.
Securities Matters; No Assignment or Transfer.

 

	 	(a)	The
    Company shall be under no obligation to effect the registration pursuant to the Securities Act of any interests in the Plan
    or any shares of Company Stock to be issued hereunder or to effect similar compliance under any state laws. Notwithstanding
    anything herein to the contrary, the Company shall not be obligated to cause to be issued or delivered any certificates evidencing
    shares of Company Stock pursuant to the Plan unless and until the Company is advised by its counsel that the issuance and
    delivery of such certificates is in compliance with all applicable laws, regulations of governmental authority and the requirements
    of any securities exchange or securities market on which shares of Company Stock are traded. The Administrator may require,
    as a condition of the issuance and delivery of certificates evidencing shares of Company Stock pursuant to the terms hereof,
    that the recipient of such shares make such agreements and representations, and that such certificates bear such legends,
    as the Administrator in its sole discretion, deems necessary or desirable.

 

	 	(b)	The
    transfer of any shares of Company Stock hereunder shall be effective only at such time as counsel to the Company shall have
    determined that the issuance and delivery of such shares is in compliance with all applicable laws, regulations of governmental
    authority and the requirements of any securities exchange or securities market on which shares of Company Stock are traded.
    The Administrator may, in its sole discretion, defer the effectiveness of any transfer of shares of Company Stock hereunder
    in order to allow the issuance of such shares to be made pursuant to registration or an exemption from registration or other
    methods for compliance available under federal or state securities laws. The Administrator shall inform the Participant in
    writing of its decision to defer the effectiveness of a transfer. During the period of such deferral in connection with the
    exercise of an Award, the Participant may, by written notice, withdraw such exercise and obtain the refund of any amount paid
    with respect thereto.

 

    14

    

    

 

12.
Withholding Taxes.

 

	 	(a)	Whenever
    cash is to be paid pursuant to an Award, the Company shall have the right to deduct therefrom an amount sufficient to satisfy
    any federal, state and local withholding tax requirements related thereto.

 

	 	(b)	Whenever
    shares of Company Stock are to be delivered pursuant to an Award, the Company shall have the right to require the Participant
    to remit to the Company in cash an amount sufficient to satisfy any federal, state and local (including jurisdictions outside
    the United States) withholding tax requirements related thereto. With the approval of the Administrator a Participant may
    satisfy the foregoing requirement by electing to have the Company withhold from delivery shares of Company Stock having a
    value equal to the minimum amount of tax required to be withheld. Such shares shall be valued at their Fair Market Value on
    the date of which the amount of tax to be withheld is determined. Fractional share amounts shall be settled in cash. Such
    a withholding election may be made with respect to all or any portion of the shares to be delivered pursuant to an Award.

 

13.
Non-Competition and Confidentiality.

 

The
Administrator may specify in an Award Agreement that the Participant’s rights, payments and benefits with respect to an
Award shall be conditioned upon the Participant making a representation regarding compliance with non-competition, confidentiality
or other restrictive covenants that may apply to the Participant and providing that the Participant’s rights, payments and
benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment on account of a breach
of such representations.

  

14.
Notification of Election Under Section 83(b) of the Code.

 

If
any Participant shall, in connection with the acquisition of shares of Company Stock under the Plan, make the election permitted
under Section 83(b) of the Code, such Participant shall notify the Company of such election within 10 days of filing notice
of the election with the Internal Revenue Service.

 

15.
Amendment or Termination of the Plan. 

 

The
Administrator may, at any time, suspend or terminate the Plan or revise or amend it in any respect whatsoever; provided, however,
that the requisite stockholder approval shall be required if and to the extent the Administrator determines that such approval
is appropriate or necessary for purposes of satisfying Section 162(m) or Section 422 of the Code, Rule 16b-3 or other applicable
laws, rules or regulations. Awards may be granted under the Plan prior to the receipt of such stockholder approval of the Plan
but each such grant shall be subject in its entirety to such approval and no Award may be exercised, vested or otherwise satisfied
prior to the receipt of such approval. No amendment or termination of the Plan may, without the consent of a Participant, adversely
affect the Participant’s rights under any outstanding Award.

 

16.
Transferability; Nonassignability.

 

	 	(a)	Awards
    under the Plan shall not be assignable or transferable by the Participant, except by will or by the laws of descent and distribution,
    and shall not be subject in any manner to assignment, alienation, pledge, encumbrance or charge. Notwithstanding the foregoing,
    the Administrator may provide in an Award Agreement that the Participant shall have the right to designate a Beneficiary or
    Beneficiaries who shall be entitled to any rights, payments or other benefits specified under an Award following the Participant’s
    death. During the lifetime of a Participant, an Award shall be exercised only by such Participant or such Participant’s
    guardian or legal representative. In the event of a Participant’s death, an Award may, to the extent permitted by the
    Award Agreement, be exercised by the Participant’s Beneficiary as designated by the Participant in the manner prescribed
    by the Administrator or, in the absence of an authorized Beneficiary designation, by the legatee of such Award under the Participant’s
    will or by the Participant’s estate in accordance with the Participant’s will or the laws of descent and distribution,
    in each case in the same manner and to the same extent that such Award was exercisable by the Participant on the date of the
    Participant’s death.

 

	 	(b)	Notwithstanding
    anything else in this Section 16 to the contrary, the Administrator may in its discretion provide in an Award Agreement
    that an Award in the form of a Nonstatutory Stock Option, share-settled Stock Appreciation Right, Restricted Stock, or share-settled
    Other Stock-Based Award may be transferred, on such terms and conditions as the Administrator deems appropriate, either (i)
    by will or by the laws of descent and distribution; (ii) by instrument to a Beneficiary; (ii) by instrument to an inter
    vivos or testamentary trust (or other entity) in which the Award is to be passed to the Participant’s designated
    beneficiaries; or (iii) with the prior written approval of the Company, by gift, in a form acceptable to the Company.
    Any transferee of the Participant’s rights shall succeed and be subject to all of the terms of the applicable Award
    Agreement and the Plan. 

 

    15

    

    

 

17.
Effective Date and Term of Plan.

 

The
Plan came into existence on the date that the Plan was adopted by the Board of Directors. However, no Award may be granted under
the Plan prior to the IPO Date. In addition, the Plan shall be subject to the requisite approval of the stockholders of the Company.
Unless earlier terminated by the Board of Directors, the right to grant Awards under the Plan shall terminate on the close of
business on , 2028. Awards outstanding at Plan termination shall remain in effect according to their terms and the provisions
of the Plan.

  

18.
Applicable Law.

 

Except
to the extent preempted by any applicable federal law, the Plan shall be construed and administered in accordance with the laws
of the State of Delaware, without reference to its principles of conflicts of law.

 

19.
Participant Rights.

 

	 	(a)	No
    Participant shall have any claim to be granted any award under the Plan, and there is no obligation for uniformity of treatment
    for Participants. Except as provided specifically herein, a Participant or a transferee of an Award shall have no rights as
    a stockholder with respect to any shares covered by any award until the date of the issuance of the Award to him or her for
    such shares (which may be certificated or uncertificated as stated herein).

 

	 	(b)	Determinations
    by the Administrator under the Plan relating to the form, amount and terms and conditions of grants and Awards need not be
    uniform, and may be made selectively among persons who receive or are eligible to receive grants and awards under the Plan,
    whether or not such persons are similarly situated.

 

20.
Unfunded Status of Awards.

 

The
Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payments
not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Agreement shall give any such Participant
any rights that are greater than those of a general creditor of the Company.

 

21.
No Fractional Shares.

 

No
fractional shares of Company Stock shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether
cash, other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares
or any rights thereto shall be forfeited or otherwise eliminated.

 

22.
Interpretation.

 

The
Plan is designed and intended, to the extent applicable, to comply with Section 162(m) of the Code, and to provide for grants
and other transactions which are exempt under Rule 16b-3, and all provisions hereof shall be construed in a manner to so comply.
Awards under the Plan are intended to comply with Code Section 409A to the extent subject thereto and the Plan and all Awards
shall be interpreted in accordance with Code 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 after the Effective
Date of the Plan. Notwithstanding any provision in the Plan to the contrary, no payment or distribution under this Plan that constitutes
an item of deferred compensation under Code Section 409A and becomes payable by reason of a Participant’s termination
of employment or service with the Company will be made to such Participant until such Participant’s termination of employment
or service constitutes a “separation from service” (as defined in Code Section 409A). For purposes of this Plan,
each amount to be paid or benefit to be provided shall be construed as a separate identified payment for purposes of Code Section 409A.
If a Participant is a “specified employee” (as defined in Code Section 409A), then to the extent necessary to
avoid the imposition of taxes under Code Section 409A, such Participant shall not be entitled to any payments upon a termination
of his or her employment or service until the earlier of: (i) the expiration of the six (6)-month period measured from the
date of such Participant’s “separation from service” or (ii) the date of such Participant’s death.
Upon the expiration of the applicable waiting period set forth in the preceding sentence, all payments and benefits deferred pursuant
to this Section 22 (whether they would have otherwise been payable in a single lump sum or in installments in the absence
of such deferral) shall be paid to such Participant in a lump sum as soon as practicable, but in no event later than sixty (60) calendar
days following such expired period, and any remaining payments due under this Plan will be paid in accordance with the normal
payment dates specified for them herein.

 

 

16

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