Document:

Exhibit 4.1

 

COEPTIS THERAPEUTICS HOLDINGS INC.

 

2022 EQUITY INCENTIVE PLAN

 

 

		1.	GENERAL.

 

(a)   
Plan Purpose. The Company, by means of the Plan, seeks to secure and retain the services of Employees, Directors and Consultants,
to provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate and to provide a means
by which such persons may be given an opportunity to benefit from increases in value of the Common Stock through the granting of Awards.

 

(b)   
Available Awards. The Plan provides for the grant of the following Awards: (i) Incentive Stock Options; (ii) Nonstatutory
Stock Options; (iii) SARs; (iv) Restricted Stock Awards; (v) RSU Awards; (vi) Performance Awards; and (vii) Other Awards.

 

(c)   
Adoption Date. The Plan will come into existence on the Adoption Date. No Award may be granted under the Plan prior to the
Adoption Date.

 

		2.	SHARES SUBJECT TO THE PLAN.

 

(a)   
Share Reserve. Subject to adjustment in accordance with Section 2(d) and any adjustments as necessary to implement any Capitalization
Adjustments, the aggregate number of shares of Common Stock that may be issued pursuant to Awards will not exceed 2,340,000 new shares.

 

(b)   
Fungible Share Counting. Subject to adjustment in accordance with Section 2(d), the number of shares of Common Stock available
for issuance under the Plan will be reduced by: (i) one share for each share of Common Stock issued pursuant to an Option or SAR with
respect to which the exercise or strike price is at least 100% of the Fair Market Value of the Common Stock subject to the Option or SAR
on the grant date (each, an “Appreciation Award”); and (ii) one share for each share of Common Stock issued pursuant
to any Award (other than an Appreciation Award) (each, a “Full Value Award”).

 

(c)   
Aggregate Incentive Stock Option Limit. Notwithstanding anything to the contrary in Section 2(a) and subject to any adjustments
as necessary to implement any Capitalization Adjustments, the aggregate maximum number of shares of Common Stock that may be issued pursuant
to the exercise of Incentive Stock Options is 2,340,000 shares.

 

(d)   
Share Reserve Operation.

 

		i.	Limit Applies to Common Stock Issued Pursuant to Awards. For clarity, the Share Reserve is a limit
on the number of shares of Common Stock that may be issued pursuant to Awards and does not limit the granting of Awards, except that the
Company will keep available at all times the number of shares of Common Stock reasonably required to satisfy its obligations to issue
shares pursuant to such Awards. Shares may be issued in connection with a merger or acquisition as permitted by, as applicable, Nasdaq
Listing Rule 5635(c), NYSE Listed Company Manual Section 303A.08, NYSE American Company Guide Section 711 or other applicable rule, and
such issuance will not reduce the number of shares available for issuance under the Plan.

 

		ii.	Actions that Do Not Constitute Issuance of Common Stock and Do Not Reduce Share Reserve. The following
actions do not result in an issuance of shares under the Plan and accordingly do not reduce the number of shares subject to the Share
Reserve and available for issuance under the Plan: (1) the expiration or termination of any portion of an Award without the shares covered
by such portion of the Award having been issued, (2) the settlement of any portion of an Award in cash (i.e., the Participant receives
cash rather than Common Stock), (3) the withholding of shares that would otherwise be issued by the Company to satisfy the exercise or
strike price of an Appreciation Award; (4) the withholding of shares that would otherwise be issued by the Company to satisfy a tax withholding
obligation in connection with an Appreciation Award.

 

 

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		iii.	Reversion of Previously Issued Shares of Common Stock to Share Reserve. The following shares of
Common Stock previously issued pursuant to an Award and accordingly initially deducted from the Share Reserve will be added back to the
Share Reserve and again become available for issuance under the Plan: (1) any shares that are forfeited back to or repurchased by the
Company because of a failure to meet a contingency or condition required for the vesting of such shares; (2) any shares that are reacquired
by the Company to satisfy the exercise or strike price of an Appreciation Award; and (3) any shares that are reacquired by the Company
to satisfy a tax withholding obligation in connection with an Appreciation Award.. For each share subject to a Full Value Award that is
added back to the Share Reserve pursuant to this subsection, the number of shares of Common Stock available for issuance under the Plan
will increase by one share.

 

		3.	ELIGIBILITY AND LIMITATIONS.

 

(a)   
Eligible Award Recipients. Subject to the terms of the Plan, Employees, Directors and Consultants are eligible to receive
Awards.

 

(b)   
Specific Award Limitations.

 

		i.	Limitations on Incentive Stock Option Recipients. Incentive Stock Options may be granted only to
Employees of the Company or a “parent corporation” or “subsidiary corporation” thereof (as such terms are defined
in Sections 424(e) and (f) of the Code).

 

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

 

		iii.	Limitations on Incentive Stock Options Granted to Ten Percent Stockholders. A Ten Percent Stockholder
may not be granted an Incentive Stock Option unless (i) the exercise price of such Option is at least 110% of the Fair Market Value on
the date of grant of such Option and (ii) the Option is not exercisable after the expiration of five years from the date of grant of such
Option.

 

		iv.	Limitations on Nonstatutory Stock Options and SARs. Nonstatutory Stock Options and SARs may not
be granted to Employees, Directors and Consultants who are providing Continuous Service only to any “parent” of the Company
(as such term is defined in Rule 405) unless the stock underlying such Awards is treated as “service recipient stock” under
Section 409A because the Awards are granted pursuant to a corporate transaction (such as a spin off transaction) or unless such Awards
otherwise comply with the distribution requirements of Section 409A.

 

(c)   
Aggregate Incentive Stock Option Limit. The aggregate maximum number of shares of Common Stock that may be issued pursuant
to the exercise of Incentive Stock Options is the number of shares specified in Section 2(c).

 

(d)   
Non-Employee Director Compensation Limit. The aggregate value of all Awards granted to any individual for service as a Non-Employee
Director with respect to any calendar year will not exceed (i) $200,000 in total value or (ii) in the event such Non-Employee Director
is first appointed or elected to the Board during such calendar year, $400,000 in total value, in each case calculating the value of any
equity awards based on the grant date fair value of such equity awards for financial reporting purposes.

 

4.      
OPTIONS. Each Option will have such terms and conditions as determined by the Board. Each Option will be designated in writing
as an Incentive Stock Option or Nonstatutory Stock Option at the time of grant; provided, however, that if an Option is not so
designated, then such Option will be a Nonstatutory Stock Option, and the shares purchased upon exercise of each type of Option will be
separately accounted for. The terms and conditions of separate Options need not be identical; provided, however, that each Option
Agreement will conform (through incorporation of provisions hereof by reference in the Award Agreement or otherwise) to the substance
of each of the following provisions:

 

(a)   
Term. Subject to Section 3(b) regarding Ten Percent Stockholders, no Option will be exercisable after the expiration of
ten years from the date of grant of such Award or such shorter period specified in the Award Agreement.

 

 

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(b)   
Exercise or Strike Price. Subject to Section 3(b) regarding Ten Percent Stockholders, the exercise or strike price of each
Option will not be less than 100% of the Fair Market Value on the date of grant of such Award. Notwithstanding the foregoing, an Option
may be granted with an exercise or strike price lower than 100% of the Fair Market Value on the date of grant of such Award if such Award
is granted pursuant to an assumption of or substitution for another option or stock appreciation right pursuant to a Corporate Transaction
and in a manner consistent with the provisions of Sections 409A and, if applicable, 424(a) of the Code.

 

(c)   
Exercise Procedure and Payment of Exercise Price for Options. In order to exercise an Option, the Participant must provide
notice of exercise to the Plan Administrator in accordance with the procedures specified in the Option Agreement or otherwise provided
by the Company. The Board has the authority to grant Options that do not permit all of the following methods of payment (or otherwise
restrict the ability to use certain methods) and to grant Options that require the consent of the Company to utilize a particular method
of payment. The exercise price of an Option may be paid, to the extent permitted by Applicable Law and as determined by the Board,
by one or more of the following methods of payment to the extent set forth in the Option Agreement:

 

		i.	by cash or check, bank draft or money order payable to the Company;

 

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

 

		iii.	by delivery to the Company (either by actual delivery or attestation) of shares of Common Stock that are
already owned by the Participant free and clear of any liens, claims, encumbrances or security interests, with a Fair Market Value on
the date of exercise that does not exceed the exercise price, provided that (1) at the time of exercise the Common Stock is publicly traded,
(2) any remaining balance of the exercise price not satisfied by such delivery is paid by the Participant in cash or other permitted form
of payment, (3) such delivery would not violate any Applicable Law or agreement restricting the redemption of the Common Stock, (4) any
certificated shares are endorsed or accompanied by an executed assignment separate from certificate, and (5) such shares have been held
by the Participant for any minimum period necessary to avoid adverse accounting treatment as a result of such delivery;

 

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

 

		v.	in any other form of consideration that may be acceptable to the Board and permissible under Applicable
Law.

 

(d)   
Transferability. The Board may impose such limitations on the transferability of an Option as it determines. In the absence
of any such determination by the Board, the following restrictions on the transferability of Options will apply, provided that except
as explicitly provided herein, no Option may be transferred for consideration and provided, further, that if an Option is an Incentive
Stock Option, such Option may be deemed to be a Nonstatutory Stock Option as a result of such transfer:

 

		i.	Restrictions on Transfer. An Option will not be transferable, except by will or by the laws of
descent and distribution, and will be exercisable during the lifetime of the Participant only by the Participant; provided, however, that
the Board may permit transfer of an Option in a manner that is not prohibited by applicable tax and securities laws upon the Participant’s
request, including to a trust if the Participant is considered to be the sole beneficial owner of such trust (as determined under Section
671 of the Code and applicable state law) while such Option is held in such trust, provided that the Participant and the trustee enter
into a transfer and other agreements required by the Company.

 

		ii.	Domestic Relations Orders. Notwithstanding the foregoing, subject to the execution of transfer
documentation in a format acceptable to the Company and subject to the approval of the Board or a duly authorized Officer, an Option may
be transferred pursuant to a domestic relations order.

 

 

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(e)   
Vesting. The Board may impose such restrictions on or conditions to the vesting and/or exercisability of an Option as determined
by the Board. Except as otherwise provided in the Award Agreement or other written agreement between a Participant and the Company or
an Affiliate, vesting of Options will cease upon termination of the Participant’s Continuous Service.

 

(f)    
Termination of Continuous Service for Cause. Except as explicitly otherwise provided in the Award Agreement or other written
agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service is terminated for Cause,
the Participant’s Options will terminate and be forfeited immediately upon such termination of Continuous Service, and the Participant
will be prohibited from exercising any portion (including any vested portion) of such Awards on and after the date of such termination
of Continuous Service and the Participant will have no further right, title or interest in such forfeited Award, the shares of Common
Stock subject to the forfeited Award, or any consideration in respect of the forfeited Award.

 

(g)   
Post-Termination Exercise Period Following Termination of Continuous Service for Reasons Other than Cause. Subject to Section
4(h), if a Participant’s Continuous Service terminates for any reason other than for Cause, the Participant may exercise his or
her Options to the extent vested, but only within the following period of time or, if applicable, such other period of time provided in
the Award Agreement or other written agreement between a Participant and the Company or an Affiliate; provided, however, that in
no event may such Award be exercised after the expiration of its maximum term (as set forth in Section 4(a)):

 

		i.	three months following the date of such termination if such termination is a termination without Cause
(other than any termination due to the Participant’s Disability or death);

 

		ii.	12 months following the date of such termination if such termination is due to the Participant’s
Disability;

 

		iii.	18 months following the date of such termination if such termination is due to the Participant’s
death; or

 

		iv.	18 months following the date of the Participant’s death if such death occurs following the date
of such termination but during the period such Award is otherwise exercisable (as provided in (i) or (ii) above).

 

Following the date of such termination, to the
extent the Participant does not exercise such Award within the applicable Post-Termination Exercise Period (or, if earlier, prior to the
expiration of the maximum term of such Award), such unexercised portion of the Award will terminate, and the Participant will have no
further right, title or interest in the terminated Award, the shares of Common Stock subject to the terminated Award, or any consideration
in respect of the terminated Award.

 

(h)   
Restrictions on Exercise; Extension of Exercisability. A Participant may not exercise an Option at any time that the issuance
of shares of Common Stock upon such exercise would violate Applicable Law. Except as otherwise provided in the Award Agreement or other
written agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service terminates for any
reason other than for Cause and, at any time during the last thirty days of the applicable Post-Termination Exercise Period: (x) the exercise
of the Participant’s Option would be prohibited solely because the issuance of shares of Common Stock upon such exercise would violate
Applicable Law, or (y) the immediate sale of any shares of Common Stock issued upon such exercise would violate the Company’s Trading
Policy, then the applicable Post-Termination Exercise Period will be extended to the last day of the calendar month that commences following
the date the Award would otherwise expire, with an additional extension of the exercise period to the last day of the next calendar month
to apply if any of the foregoing restrictions apply at any time during such extended exercise period, generally without limitation as
to the maximum permitted number of extensions); provided, however, that in no event may such Award be exercised after the expiration of
its maximum term (as set forth in Section 4(a)).

 

(i)    
Whole Shares. Options may be exercised only with respect to whole shares of Common Stock or their equivalents.

 

5.      
STOCK APPRECIATION RIGHTS. Each SAR will have such terms and conditions as determined by the Board. Each SAR will be denominated
in shares of Common Stock equivalents. The terms and conditions of separate SARs need not be identical; provided, however, that each SAR
Agreement will conform (through incorporation of provisions hereof by reference in the Award Agreement or otherwise) to the substance
of each of the following provisions:

 

(a)   
Term. No SAR will be exercisable after the expiration of ten years from the date of grant of such Award or such shorter
period specified in the Award Agreement.

 

 

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(b)   
Exercise or Strike Price. Subject to Section 3(b) regarding Ten Percent Stockholders, the exercise or strike price of each
SAR will not be less than 100% of the Fair Market Value on the date of grant of such Award.

 

(c)   
Exercise Procedure and Payment of Appreciation Distribution for SARs. In order to exercise any SAR, the Participant must
provide notice of exercise to the Plan Administrator in accordance with the SAR Agreement. The appreciation distribution payable to a
Participant upon the exercise of a SAR will not be greater than an amount equal to the excess of (x) the aggregate Fair Market Value on
the date of exercise of a number of shares of Common Stock equal to the number of Common Stock equivalents that are vested and being exercised
under such SAR, over (y) the strike price of such SAR. Such appreciation distribution may be paid to the Participant in the form of Common
Stock or cash (or any combination of Common Stock and cash) or in any other form of payment, as determined by the Board and specified
in the SAR Agreement.

 

(d)   
Transferability. The Board may impose such limitations on the transferability of an SAR as it determines. In the absence
of any such determination by the Board, the following restrictions on the transferability of SARs will apply, provided that except as
explicitly provided herein, no SAR may be transferred for consideration:

 

		i.	Restrictions on Transfer. An SAR will not be transferable, except by will or by the laws of descent
and distribution, and will be exercisable during the lifetime of the Participant only by the Participant; provided, however, that
the Board may permit transfer of an SAR in a manner that is not prohibited by applicable tax and securities laws upon the Participant’s
request, including to a trust if the Participant is considered to be the sole beneficial owner of such trust (as determined under Section
671 of the Code and applicable state law) while such SAR is held in such trust, provided that the Participant and the trustee enter into
a transfer and other agreements required by the Company.

 

		ii.	Domestic Relations Orders. Notwithstanding the foregoing, subject to the execution of transfer
documentation in a format acceptable to the Company and subject to the approval of the Board or a duly authorized Officer, an SAR may
be transferred pursuant to a domestic relations order.

 

(e)   
Vesting. The Board may impose such restrictions on or conditions to the vesting and/or exercisability of an SAR as determined
by the Board. Except as otherwise provided in the Award Agreement or other written agreement between a Participant and the Company or
an Affiliate, vesting of SARs will cease upon termination of the Participant’s Continuous Service.

 

(f)    
Termination of Continuous Service for Cause. Except as explicitly otherwise provided in the Award Agreement or other written
agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service is terminated for Cause,
the Participant’s SARs will terminate and be forfeited immediately upon such termination of Continuous Service, and the Participant
will be prohibited from exercising any portion (including any vested portion) of such Awards on and after the date of such termination
of Continuous Service and the Participant will have no further right, title or interest in such forfeited Award, the shares of Common
Stock subject to the forfeited Award, or any consideration in respect of the forfeited Award.

 

(g)   
Post-Termination Exercise Period Following Termination of Continuous Service for Reasons Other than Cause. Subject to Section
5(h), if a Participant’s Continuous Service terminates for any reason other than for Cause, the Participant may exercise his or
her SARs to the extent vested, but only within the following period of time or, if applicable, such other period of time provided in the
Award Agreement or other written agreement between a Participant and the Company or an Affiliate; provided, however, that in no
event may such Award be exercised after the expiration of its maximum term (as set forth in Section 5(a) above):

 

		i.	three months following the date of such termination if such termination is a termination without Cause
(other than any termination due to the Participant’s Disability or death);

 

		ii.	12 months following the date of such termination if such termination is due to the Participant’s
Disability;

 

		iii.	18 months following the date of such termination if such termination is due to the Participant’s
death; or

 

		iv.	18 months following the date of the Participant’s death if such death occurs following the date
of such termination but during the period such Award is otherwise exercisable (as provided in (i) or (ii) above).

 

 

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Following the date of such termination, to the
extent the Participant does not exercise such Award within the applicable Post-Termination Exercise Period (or, if earlier, prior to the
expiration of the maximum term of such Award), such unexercised portion of the Award will terminate, and the Participant will have no
further right, title or interest in the terminated Award, the shares of Common Stock subject to the terminated Award, or any consideration
in respect of the terminated Award.

 

(h)   
Restrictions on Exercise; Extension of Exercisability. A Participant may not exercise an SAR at any time that the issuance
of shares of Common Stock upon such exercise would violate Applicable Law. Except as otherwise provided in the Award Agreement or other
written agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service terminates for any
reason other than for Cause and, at any time during the last thirty days of the applicable Post-Termination Exercise Period: (i) the exercise
of the Participant’s SAR would be prohibited solely because the issuance of shares of Common Stock upon such exercise would violate
Applicable Law, or (ii) the immediate sale of any shares of Common Stock issued upon such exercise would violate the Company’s Trading
Policy, then the applicable Post-Termination Exercise Period will be extended to the last day of the calendar month that commences following
the date the Award would otherwise expire, with an additional extension of the exercise period to the last day of the next calendar month
to apply if any of the foregoing restrictions apply at any time during such extended exercise period, generally without limitation as
to the maximum permitted number of extensions); provided, however, that in no event may such Award be exercised after the expiration of
its maximum term (as set forth in Section 5(a)).

 

(i)    
Whole Shares. Options and SARs may be exercised only with respect to whole shares of Common Stock or their equivalents.

 

		6.	RESTRICTED STOCK AND RESTRICTED STOCK UNITS

 

(a)   
Restricted Stock Awards. Each Restricted Stock Award will have such terms and conditions as determined by the Board; provided,
however, that each Restricted Stock Award Agreement will conform (through incorporation of the provisions hereof by reference in the Award
Agreement or otherwise) to the substance of each of the following provisions:

 

		i.	Form of Award. To the extent consistent with the Company’s Bylaws, at the Board’s election,
shares of Common Stock subject to a Restricted Stock Award may be (i) held in book entry form subject to the Company’s instructions
until such shares become vested or any other restrictions lapse, or (ii) evidenced by a certificate, which certificate will be held in
such form and manner as determined by the Board. Unless otherwise determined by the Board, a Participant will have voting and other rights
as a stockholder of the Company with respect to any shares subject to a Restricted Stock Award.

 

		ii.	Consideration. A Restricted Stock Award may be granted in consideration for (A) cash or check,
bank draft or money order payable to the Company, (B) past services to the Company or an Affiliate, or (C) any other form of consideration
(including future services) as the Board may determine and permissible under Applicable Law.

 

		iii.	Vesting. The Board may impose such restrictions on or conditions to the vesting of a Restricted
Stock Award as determined by the Board. Except as otherwise provided in the Award Agreement or other written agreement between a Participant
and the Company or an Affiliate, vesting of Restricted Stock Awards will cease upon termination of the Participant’s Continuous
Service.

 

		iv.	Termination of Continuous Service. Except as otherwise provided in the Award Agreement or other
written agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service terminates for any
reason, the Company may receive through a forfeiture condition or a repurchase right any or all of the shares of Common Stock held by
the Participant under his or her Restricted Stock Award that have not vested as of the date of such termination as set forth in the Restricted
Stock Award Agreement.

 

		v.	Dividends. Dividends may be paid or credited, as applicable, with respect to any shares of Common
Stock subject to a Restricted Stock Award, as determined by the Board and specified in the Award Agreement; provided, however, that (i)
any dividends that are credited with respect to any such shares will be subject to all of the terms and conditions applicable to such
shares under the terms of such Award Agreement (including, but not limited to, any vesting conditions), and (ii) any dividends that are
credited with respect to any such shares will be forfeited to the Company on the date, if any, such shares are forfeited to or repurchased
by the Company due to a failure to meet any vesting conditions under the terms of such Award Agreement.

 

 

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(b)   
Restricted Stock Unit Awards. Each RSU Award will have such terms and conditions as determined by the Board; provided, however,
that each RSU Award Agreement will conform (through incorporation of the provisions hereof by reference in the Award Agreement or otherwise)
to the substance of each of the following provisions:

 

		i.	Form of Award. A RSU Award represents a Participant’s right to be issued on a future date
the number of shares of Common Stock that is equal to the number of restricted stock units subject to the RSU Award. As a holder of a
RSU Award, a Participant is an unsecured creditor of the Company with respect to the Company’s unfunded obligation, if any, to issue
shares of Common Stock in settlement of such Award and nothing contained in the Plan or any RSU Agreement, and no action taken pursuant
to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between a Participant and the
Company or an Affiliate or any other person. A Participant will not have voting or any other rights as a stockholder of the Company with
respect to any RSU Award (unless and until shares are actually issued in settlement of a vested RSU Award).

 

		ii.	Consideration. Unless otherwise determined by the Board at the time of grant, a RSU Award will
be granted in consideration for the Participant’s services to the Company or an Affiliate, such that the Participant will not be
required to make any payment to the Company (other than such services) with respect to the grant or vesting of the RSU Award, or the issuance
of any shares of Common Stock pursuant to the RSU Award. If, at the time of grant, the Board determines that any consideration must be
paid by the Participant (in a form other than the Participant’s services to the Company or an Affiliate) upon the issuance of any
shares of Common Stock in settlement of the RSU Award, such consideration may be paid in any form of consideration as the Board may determine
and permissible under Applicable Law.

 

		iii.	Vesting. The Board may impose such restrictions on or conditions to the vesting of an RSU Award
as determined by the Board. Except as otherwise provided in the Award Agreement or other written agreement between a Participant and the
Company or an Affiliate, vesting of RSU Awards will cease upon termination of the Participant’s Continuous Service.

 

		iv.	Termination of Continuous Service. Except as otherwise provided in the Award Agreement or other
written agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service terminates for any
reason, any portion of his or her RSU Award that has not vested will be forfeited upon such termination and the Participant will have
no further right, title or interest in the RSU Award, the shares of Common Stock issuable pursuant to the RSU Award, or any consideration
in respect of the RSU Award.

 

		v.	Dividend Equivalents. Dividend equivalents may be paid or credited, as applicable, with respect
to any shares of Common Stock subject to a RSU Award, as determined by the Board and specified in the Award Agreement; provided,
however, that (i) no dividend equivalents may be paid with respect to any such shares subject to an RSU Award before the date such shares
have vested under the terms of such Award Agreement, (ii) any dividend equivalents that are credited with respect to any such shares will
be subject to all of the terms and conditions applicable to such RSU Award and the covered shares under the terms of such Award Agreement
(including, but not limited to, any vesting conditions), and (iii) any dividend equivalents that are credited with respect to any such
shares subject to an RSU Award will be forfeited to the Company on the date, if any, such RSU Award is forfeited to by the Company due
to a failure to meet any vesting conditions under the terms of such Award Agreement.

 

		vi.	Settlement of RSU Awards. A RSU Award may be settled by the issuance of shares of Common Stock
or cash (or any combination thereof) or in any other form of payment, as determined by the Board and specified in the RSU Award Agreement.
At the time of grant, the Board may determine to impose such restrictions or conditions that delay such delivery to a date following the
vesting of the RSU Award.

 

		vii.	Compliance with Section 409A of the Code. Notwithstanding anything to the contrary set forth herein,
any RSU Award granted under the Plan that is not exempt from the requirements of Section 409A of the Code shall contain such provisions
so that such RSU Award will comply with the requirements of Section 409A of the Code. Such restrictions, if any, shall be determined by
the Board and contained in the Award Agreement evidencing such RSU Award. For example, such restrictions may include, without limitation,
a requirement that any Common Stock that is to be issued in a year following the year in which the RSU Award vests must be issued in accordance
with a fixed pre-determined schedule.

 

 

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(c)   
Time and Performance Vesting. The Committee, in its sole discretion, may impose such restrictions on the vesting of the
Participant’s Restricted Stock Award or Restricted Stock Units as it may deem advisable or appropriate, in accordance with this
Section 6(c).

 

		i.	Service Vesting. The Committee may condition the vesting of a Participant’s Restricted Stock
Award or Restricted Stock Units upon the Participant’s continued performance of services for the Company through a specified vesting
date or dates. If the Participant’s Continuous Service terminates before such vesting date, the relevant Restricted Stock Award
and/or Restricted Stock Units shall be forfeited, except as may otherwise be provided in the Award Agreement.

 

		ii.	Performance Vesting. Alternatively, the Committee may, in its discretion, condition the vesting
of all or a portion of the Participant’s Restricted Stock Award or Restricted Stock Units upon completion of based upon the achievement
of specific Performance Goals (Company-wide, divisional, or individual) or any other basis determined by the Committee in its discretion.

 

(d)   
Performance Awards. With respect to any RSU Award or other Award designated as a Performance Award, the length of any Performance
Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure
of whether and to what degree such Performance Goals have been attained will be determined by the Board.

 

(e)   
Other Awards. Other forms of Awards valued in whole or in part by reference to, or otherwise based on, Common Stock, including
the appreciation in value thereof (e.g., options or stock rights with an exercise price or strike price less than 100% of the Fair Market
Value at the time of grant) may be granted either alone or in addition to Awards provided for under Section 4 and the preceding provisions
of this Section 5. Subject to the provisions of the Plan, the Board will have sole and complete discretion to determine the persons to
whom and the time or times at which such Other Awards will be granted, the number of shares of Common Stock (or the cash equivalent thereof)
to be granted pursuant to such Other Awards and all other terms and conditions of such Other Awards.

 

		7.	ADJUSTMENTS UPON CHANGES IN COMMON STOCK; OTHER CORPORATE EVENTS.

 

(a)   
Capitalization Adjustments. In the event of a Capitalization Adjustment, the Board shall appropriately and proportionately
adjust: (x) the class(es) and maximum number of shares of Common Stock subject to the Plan pursuant to Section 2(a), (y) the class(es)
and maximum number of shares that may be issued pursuant to the exercise of Incentive Stock Options pursuant to Section 2(a), and (z)
the class(es) and number of securities and exercise price, strike price or purchase price of Common Stock subject to outstanding Awards.
The Board shall make such adjustments, and its determination shall be final, binding and conclusive. Notwithstanding the foregoing, no
fractional shares or rights for fractional shares of Common Stock shall be created in order to implement any Capitalization Adjustment.
The Board shall determine an appropriate equivalent benefit, if any, for any fractional shares or rights to fractional shares that might
be created by the adjustments referred to in the preceding provisions of this Section.

 

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

 

(c)   
Corporate Transaction. The following provisions will apply to Awards in the event of a Corporate Transaction unless otherwise
provided in the instrument evidencing the Award or any other written agreement between the Company or any Affiliate and the Participant
or unless otherwise expressly provided by the Board at the time of grant of an Award.

 

		i.	Awards May Be Assumed. In the event of a Corporate Transaction, any surviving corporation or acquiring
corporation (or the surviving or acquiring corporation’s parent company) may assume or continue any or all Awards outstanding under
the Plan or may substitute similar awards for Awards outstanding under the Plan (including but not limited to, awards to acquire the same
consideration paid to the stockholders of the Company pursuant to the Corporate Transaction), and any reacquisition or repurchase rights
held by the Company in respect of Common Stock issued pursuant to Awards may be assigned by the Company to the successor of the Company
(or the successor’s parent company, if any), in connection with such Corporate Transaction. A surviving corporation or acquiring
corporation (or its parent) may choose to assume or continue only a portion of an Award or substitute a similar award for only a portion
of an Award, or may choose to assume or continue the Awards held by some, but not all Participants. The terms of any assumption, continuation
or substitution will be set by the Board.

 

 

    	 	8	 

     

    

 

		ii.	Awards Held by Current Participants. In the event of a Corporate Transaction in which the surviving
corporation or acquiring corporation (or its parent company) does not assume or continue such outstanding Awards or substitute similar
awards for such outstanding Awards, then with respect to Awards that have not been assumed, continued or substituted and that are held
by Participants whose Continuous Service has not terminated prior to the effective time of the Corporate Transaction (referred to as the
“Current Participants”), the vesting of such Awards (and, with respect to Options and Stock Appreciation Rights, the
time when such Awards may be exercised) will be accelerated in full to a date prior to the effective time of such Corporate Transaction
(contingent upon the effectiveness of the Corporate Transaction) as the Board determines (or, if the Board does not determine such a date,
to the date that is five (5) days prior to the effective time of the Corporate Transaction), and such Awards will terminate if not exercised
(if applicable) at or prior to the effective time of the Corporate Transaction, and any reacquisition or repurchase rights held by the
Company with respect to such Awards will lapse (contingent upon the effectiveness of the Corporate Transaction). With respect to the vesting
of Performance Awards that will accelerate upon the occurrence of a Corporate Transaction pursuant to this subsection (ii) and that have
multiple vesting levels depending on the level of performance, unless otherwise provided in the Award Agreement, the vesting of such Performance
Awards will accelerate at 100% of the target level upon the occurrence of the Corporate Transaction. With respect to the vesting of Awards
that will accelerate upon the occurrence of a Corporate Transaction pursuant to this subsection (ii) and are settled in the form of a
cash payment, such cash payment will be made no later than 30 days following the occurrence of the Corporate Transaction.

 

		iii.	Awards Held by Persons other than Current Participants. In the event of a Corporate Transaction
in which the surviving corporation or acquiring corporation (or its parent company) does not assume or continue such outstanding Awards
or substitute similar awards for such outstanding Awards, then with respect to Awards that have not been assumed, continued or substituted
and that are held by persons other than Current Participants, such Awards will terminate if not exercised (if applicable) prior to the
occurrence of the Corporate Transaction; provided, however, that any reacquisition or repurchase rights held by the Company with
respect to such Awards will not terminate and may continue to be exercised notwithstanding the Corporate Transaction.

 

		iv.	Payment for Awards in Lieu of Exercise. Notwithstanding the foregoing, in the event an Award will
terminate if not exercised prior to the effective time of a Corporate Transaction, the Board may provide, in its sole discretion, that
the holder of such Award may not exercise such Award but will receive a payment, in such form as may be determined by the Board, equal
in value, at the effective time, to the excess, if any, of (1) the value of the property the Participant would have received upon the
exercise of the Award (including, at the discretion of the Board, any unvested portion of such Award), over (2) any exercise price payable
by such holder in connection with such exercise. For clarity, this payment may be zero ($0) if the value of the property is equal to or
less than the exercise price payable by the holder. Payments under this provision may be delayed to the same extent that payment of consideration
to the holders of the Company’s Common Stock in connection with the Corporate Transaction is delayed as a result of escrows, earn
outs, holdbacks or any other contingencies

 

(d)   
Appointment of Stockholder Representative. As a condition to the receipt of an Award under this Plan, a Participant will
be deemed to have agreed that the Award will be subject to the terms of any agreement governing a Corporate Transaction involving the
Company, including, without limitation, a provision for the appointment of a stockholder representative that is authorized to act on the
Participant’s behalf with respect to any escrow, indemnities and any contingent consideration.

 

(e)   
No Restriction on Right to Undertake Transactions. The grant of any Award under the Plan and the issuance of shares pursuant
to any Award does not affect or restrict in any way the right or power of the Company or the Stockholders of the Company to make or authorize
any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger
or consolidation of the Company, any issue of stock or of options, rights or options to purchase stock or of bonds, debentures, preferred
or prior preference stocks whose rights are superior to or affect the Common Stock or the rights thereof or which are convertible into
or exchangeable for Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its
assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

 

		8.	ADMINISTRATION.

 

(a)   
Administration by Compensation Committee. The Board, or as determined by the Board the Compensation Committee of the Board,
will administer the Plan unless and until the Board delegates administration of the Plan to a different Committee or Committees of the
Board.

 

 

    	 	9	 

     

    

 

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

 

		i.	To determine from time to time (1) which of the persons eligible under the Plan will be granted Awards;
(2) when and how each Award will be granted; (3) what type or combination of types of Award will be granted; (4) the provisions of each
Award granted (which need not be identical), including the time or times when a person will be permitted to receive an issuance of Common
Stock or other payment pursuant to an Award; (5) the number of shares of Common Stock or cash equivalent with respect to which an Award
will be granted to each such person; and (6) the Fair Market Value applicable to an Award.

 

		ii.	To construe and interpret the Plan and Awards granted under it, and to establish, amend and revoke rules
and regulations for its administration. The Committee, in the exercise of this power, may correct any defect, omission or inconsistency
in the Plan or in any Award Agreement, in a manner and to the extent it deems necessary or expedient to make the Plan or Award fully effective.

 

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

 

		iv.	To accelerate the time at which an Award may first be exercised or the time during which an Award or any
part thereof will vest, notwithstanding the provisions in the Award Agreement stating the time at which it may first be exercised or the
time during which it will vest.

 

		v.	To prohibit the exercise of any Option, SAR or other exercisable Award during a period of up to 30 days
prior to the consummation of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other
distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares of Common
Stock or the share price of the Common Stock including any Corporate Transaction, for reasons of administrative convenience.

 

		vi.	To approve forms of Award Agreements for use under the Plan and to amend the terms of any one or more
Awards, including, but not limited to, amendments to provide terms more favorable to the Participant than previously provided in the Award
Agreement, subject to any specified limits in the Plan that are not subject to Board or Committee discretion; provided however,
that, a Participant’s rights under any Award will not be Materially Impaired by any such amendment unless (1) the Company requests
the consent of the affected Participant, and (2) such Participant consents in writing.

 

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

 

		viii.	To adopt such procedures and sub-plans as are necessary or appropriate to permit and facilitate participation
in the Plan by, or take advantage of specific tax treatment for Awards granted to, Employees, Directors or Consultants who are foreign
nationals or employed outside the United States (provided that Board approval will not be necessary for immaterial modifications to the
Plan, and Committee approval will not be necessary for immaterial modifications to any Award Agreement, deemed necessary or desirable
to ensure or facilitate compliance with the laws of the relevant foreign jurisdiction).

 

(c)   
Rule 16b-3 Compliance. To the extent an Award is intended to qualify for the exemption from Section 16(b) of the Exchange
Act that is available under Rule 16b-3 of the Exchange Act, the Award will be granted by the Board or a Committee that consists solely
of two or more Non-Employee Directors, as determined under Rule 16b-3(b)(3) of the Exchange Act and thereafter any action establishing
or modifying the terms of the Award will be approved by the Board or a Committee meeting such requirements to the extent necessary for
such exemption to remain available.

 

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

 

(e)   
Cancellation and Re-Grant of Awards. Neither the Board nor any Committee will have the authority to: (i) reduce the exercise
price or strike price of any outstanding Options or SARs under the Plan, or (ii) cancel any outstanding Options or SARs that have an exercise
price or strike price greater than the current Fair Market Value in exchange for cash or other Awards under the Plan, unless the stockholders
of the Company have approved such an action within twelve months prior to such an event.

 

 

    	 	10	 

     

    

 

(f)    
Delegation to an Officer. The Committee may delegate to one or more Officers the authority to do one or both of the following
(i) designate Employees who are not Officers to be recipients of Options and SARs (and, to the extent permitted by Applicable Law, other
types of Awards) and, to the extent permitted by Applicable Law, the terms thereof, and (ii) determine the number of shares of Common
Stock to be subject to such Awards granted to such Employees; provided, however, that the resolutions or charter adopted by the Board
or any Committee evidencing such delegation will specify the total number of shares of Common Stock that may be subject to the Awards
granted by such Officer and that such Officer may not grant an Award to himself or herself. Any such Awards will be granted on the applicable
form of Award Agreement most recently approved for use by the Committee, unless otherwise provided in the resolutions approving the delegation
authority. Notwithstanding anything to the contrary herein, neither the Board nor any Committee may delegate to an Officer who is acting
solely in the capacity of an Officer (and not also as a Director) the authority to determine the Fair Market Value of shares of the Common
Stock.

 

		9.	TAX WITHHOLDING

 

(a)   
Withholding Authorization. As a condition to acceptance of any Award under the Plan, a Participant authorizes withholding
from payroll and any other amounts payable to such Participant, and otherwise agrees to make adequate provision for (including), any sums
required to satisfy any U.S. federal, state, local and/or foreign tax or social insurance contribution withholding obligations of the
Company or an Affiliate, if any, which arise in connection with the grant, exercise, vesting or settlement of such Award, as applicable.
Accordingly, a Participant may not be able to exercise an Award even though the Award is vested, and the Company shall have no obligation
to issue shares of Common Stock subject to an Award, unless and until such obligations are satisfied.

 

(b)   
Satisfaction of Withholding Obligation. To the extent permitted by the terms of an Award Agreement, the Company may, in
its sole discretion, satisfy any U.S. federal, state, local and/or foreign tax or social insurance withholding obligation relating to
an Award by any of the following means or by a combination of such means: (i) causing the Participant to tender a cash payment; (ii) withholding
shares of Common Stock from the shares of Common Stock issued or otherwise issuable to the Participant in connection with the Award; (iii)
withholding cash from an Award settled in cash; (iv) withholding payment from any amounts otherwise payable to the Participant; (v) by
allowing a Participant to effectuate a “cashless exercise” pursuant to a program developed under Regulation T as promulgated
by the Federal Reserve Board, or (vi) by such other method as may be set forth in the Award Agreement.

 

(c)   
No Obligation to Notify or Minimize Taxes; No Liability to Claims. Except as required by Applicable Law the Company has
no duty or obligation to any Participant to advise such holder as to the time or manner of exercising such Award. Furthermore, the Company
has no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of an Award or a possible period
in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder
of such Award and will not be liable to any holder of an Award for any adverse tax consequences to such holder in connection with an Award.
As a condition to accepting an Award under the Plan, each Participant (i) agrees to not make any claim against the Company, or any of
its Officers, Directors, Employees or Affiliates related to tax liabilities arising from such Award or other Company compensation and
(ii) acknowledges that such Participant was advised to consult with his or her own personal tax, financial and other legal advisors regarding
the tax consequences of the Award and has either done so or knowingly and voluntarily declined to do so. Additionally, each Participant
acknowledges any Option or SAR granted under the Plan is exempt from Section 409A only if the exercise or strike price is at least equal
to the “fair market value” of the Common Stock on the date of grant as determined by the Internal Revenue Service and there
is no other impermissible deferral of compensation associated with the Award. Additionally, as a condition to accepting an Option or SAR
granted under the Plan, each Participant agrees not make any claim against the Company, or any of its Officers, Directors, Employees or
Affiliates in the event that the Internal Revenue Service asserts that such exercise price or strike price is less than the “fair
market value” of the Common Stock on the date of grant as subsequently determined by the Internal Revenue Service.

 

(d)   
Withholding Indemnification. As a condition to accepting an Award under the Plan, in the event that the amount of the Company’s
and/or its Affiliate’s withholding obligation in connection with such Award was greater than the amount actually withheld by the
Company and/or its Affiliates, each Participant agrees to indemnify and hold the Company and/or its Affiliates harmless from any failure
by the Company and/or its Affiliates to withhold the proper amount.

 

 

    	 	11	 

     

    

 

		10.	MISCELLANEOUS.

 

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

 

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

 

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

 

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

 

(e)   
No Employment or Other Service Rights. Nothing in the Plan, any Award Agreement or any other instrument executed thereunder
or in connection with any Award granted pursuant thereto will confer upon any Participant any right to continue to serve the Company or
an Affiliate in the capacity in effect at the time the Award was granted or affect the right of the Company or an Affiliate to terminate
at will and without regard to any future vesting opportunity that a Participant may have with respect to any Award (i) the employment
of an Employee with or without notice and with or without cause, (ii) the service of a Consultant pursuant to the terms of such Consultant’s
agreement with the Company or an Affiliate, or (iii) the service of a Director pursuant to the Bylaws of the Company or an Affiliate,
and any applicable provisions of the corporate law of the state or foreign jurisdiction in which the Company or the Affiliate is incorporated,
as the case may be. Further, nothing in the Plan, any Award Agreement or any other instrument executed thereunder or in connection with
any Award will constitute any promise or commitment by the Company or an Affiliate regarding the fact or nature of future positions, future
work assignments, future compensation or any other term or condition of employment or service or confer any right or benefit under the
Award or the Plan unless such right or benefit has specifically accrued under the terms of the Award Agreement and/or Plan.

 

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

 

(g)   
Execution of Additional Documents. As a condition to accepting an Award under the Plan, the Participant agrees to execute
any additional documents or instruments necessary or desirable, as determined in the Plan Administrator’s sole discretion, to carry
out the purposes or intent of the Award, or facilitate compliance with securities and/or other regulatory requirements, in each case at
the Plan Administrator’s request.

 

(h)   
Electronic Delivery and Participation. Any reference herein or in an Award Agreement to a “written” agreement
or document will include any agreement or document delivered electronically, filed publicly at www.sec.gov (or any successor website thereto)
or posted on the Company’s intranet (or other shared electronic medium controlled by the Company to which the Participant has access).
By accepting any Award the Participant consents to receive documents by electronic delivery and to participate in the Plan through any
on-line electronic system established and maintained by the Plan Administrator or another third party selected by the Plan Administrator.
The form of delivery of any Common Stock (e.g., a stock certificate or electronic entry evidencing such shares) shall be determined by
the Company.

 

 

    	 	12	 

     

    

 

(i)    
Clawback/Recovery. All Awards granted under the Plan will be subject to recoupment in accordance with any clawback policy
that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the
Company’s securities are listed or as is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or
other Applicable Law and any clawback policy that the Company otherwise adopts, to the extent applicable and permissible under Applicable
Law. In addition, the Board may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Board determines
necessary or appropriate, including but not limited to a reacquisition right in respect of previously acquired shares of Common Stock
or other cash or property upon the occurrence of Cause. No recovery of compensation under such a clawback policy will be an event giving
rise to a Participant’s right to voluntary terminate employment upon a “resignation for good reason,” or for a “constructive
termination” or any similar term under any plan of or agreement with the Company.

 

(j)    
Securities Law Compliance. A Participant will not be issued any shares in respect of an Award unless either (i) the shares
are registered under the Securities Act; or (ii) the Company has determined that such issuance would be exempt from the registration requirements
of the Securities Act. Each Award also must comply with other Applicable Law governing the Award, and a Participant will not receive such
shares if the Company determines that such receipt would not be in material compliance with Applicable Law.

 

(k)   
Transfer or Assignment of Awards; Issued Shares. Except as expressly provided in the Plan or the form of Award Agreement,
Awards granted under the Plan may not be transferred or assigned by the Participant. After the vested shares subject to an Award have
been issued, or in the case of Restricted Stock and similar awards, after the issued shares have vested, the holder of such shares is
free to assign, hypothecate, donate, encumber or otherwise dispose of any interest in such shares provided that any such actions are in
compliance with the provisions herein, the terms of the Trading Policy and Applicable Law and in accordance with the terms of any Award
Agreement.

 

(l)    
Effect on Other Employee Benefit Plans. The value of any Award granted under the Plan, as determined upon grant, vesting
or settlement, shall not be included as compensation, earnings, salaries, or other similar terms used when calculating any Participant’s
benefits under any employee benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly provides.
The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee
benefit plans.

 

(m) 
Section 409A. Unless otherwise expressly provided for in an Award Agreement, the Plan and Award Agreements will be interpreted
to the greatest extent possible in a manner that makes the Plan and the Awards granted hereunder exempt from Section 409A, and, to the
extent not so exempt, in compliance with the requirements of Section 409A. If the Board determines that any Award granted hereunder is
not exempt from and is therefore subject to Section 409A, the Award Agreement evidencing such Award will incorporate the terms and conditions
necessary to avoid the consequences specified in Section 409A(a)(1) of the Code, and to the extent an Award Agreement is silent on terms
necessary for compliance, such terms are hereby incorporated by reference into the Award Agreement. Notwithstanding anything to the contrary
in this Plan (and unless the Award Agreement specifically provides otherwise), if the shares of Common Stock are publicly traded, and
if a Participant holding an Award that constitutes “deferred compensation” under Section 409A is a “specified employee”
for purposes of Section 409A, no distribution or payment of any amount that is due because of a “separation from service”
(as defined in Section 409A without regard to alternative definitions thereunder) will be issued or paid before the date that is six months
and one day following the date of such Participant’s “separation from service” or, if earlier, the date of the Participant’s
death, unless such distribution or payment can be made in a manner that complies with Section 409A, and any amounts so deferred will be
paid in a lump sum on the day after such six month period elapses, with the balance paid thereafter on the original schedule.

 

(n)   
Choice of Law. This Plan and any controversy arising out of or relating to this Plan shall be governed by, and construed
in accordance with, the internal laws of the State of Delaware without regard to conflict of law principles that would result in any application
of any law other than the law of the State of Delaware.

 

11.  
COVENANTS OF THE COMPANY. COMPLIANCE WITH LAW. The Company will seek to obtain from each regulatory commission or agency,
as may be deemed to be necessary, having jurisdiction over the Plan such authority as may be required to grant Awards and to issue and
sell shares of Common Stock upon exercise or vesting of the Awards; provided, however, that this undertaking will not require the
Company to register under the Securities Act the Plan, any Award or any Common Stock issued or issuable pursuant to any such Award. If,
after reasonable efforts and at a reasonable cost, the Company is unable to obtain from any such regulatory commission or agency the authority
that counsel for the Company deems necessary or advisable for the lawful issuance and sale of Common Stock under the Plan, the Company
will be relieved from any liability for failure to issue and sell Common Stock upon exercise or vesting of such Awards unless and until
such authority is obtained. A Participant is not eligible for the grant of an Award or the subsequent issuance of Common Stock pursuant
to the Award if such grant or issuance would be in violation of any Applicable Law.

 

 

    	 	13	 

     

    

 

12.  
SEVERABILITY. If all or any part of the Plan or any Award Agreement is declared by any court or governmental authority to
be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of the Plan or such Award Agreement not declared
to be unlawful or invalid. Any Section of the Plan or any Award Agreement (or part of such a Section) so declared to be unlawful or invalid
shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent
possible while remaining lawful and valid.

 

		13.	AMENDMENT OF TERMINATION OF THE PLAN.

 

(a)   
Termination. The Board may suspend or terminate the Plan at any time. No Incentive Stock Options may be granted after the
tenth anniversary of the Adoption Date. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

 

(b)   
Amendment. The Board, in its sole discretion, may amend the Plan in any respect the Board deems necessary or advisable;
provided, however, that Stockholder approval will be required for any amendment to the extent required by Applicable Law.

 

(c)   
Effect on Prior Awards. No Participant’s rights under any Award granted before the amendment or termination of the
Plan will be Materially Impaired by any amendment, suspension, or termination of the Plan unless (1) the Company requests the consent
of the affected Participant, and (2) such Participant consents in writing, provided that such consent shall not be required if the Board
determines, in its sole and absolute discretion, that the amendment, suspension or termination: (a) is required or advisable in order
for the Company, the Plan or the Award to satisfy applicable law, to meet the requirements of any accounting standard or to avoid any
adverse accounting treatment, or (b) in connection with any transaction or event described in Section 7(c), is in the best interests of
the Company or its stockholders.

 

14.  
DEFINITIONS. As used in the Plan, the following definitions apply to the capitalized terms indicated below:

 

		(a)	“Adoption Date” means the date the Plan is first approved by the Board or Compensation
Committee.

 

		(b)	“Affiliate” means, at the time of determination, any “parent” or “subsidiary”
of the Company as such terms are defined in Rule 405 promulgated under the Securities Act. The Board may determine the time or times at
which “parent” or “subsidiary” status is determined within the foregoing definition.

 

		(c)	“Applicable Law” means shall mean any applicable securities, federal, state, foreign,
material local or municipal or other law, statute, constitution, principle of common law, resolution, ordinance, code, edict, decree,
rule, listing rule, regulation, judicial decision, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise
put into effect by or under the authority of any Governmental Body (including under the authority of any applicable self-regulating organization
such as the Nasdaq Stock Market, New York Stock Exchange, or the Financial Industry Regulatory Authority).

 

		(d)	“Award” means any right to receive Common Stock, cash or other property granted under
the Plan (including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a RSU Award, a SAR, a Performance
Award or any Other Award).

 

		(e)	“Award Agreement” means a written agreement between the Company and a Participant evidencing
the terms and conditions of an Award. The Award Agreement generally consists of the Grant Notice and the agreement containing the written
summary of the general terms and conditions applicable to the Award and which is provided to a Participant along with the Grant Notice.

 

		(f)	“Board” means the Board of Directors of the Company (or its designee). Any decision
or determination made by the Board shall be a decision or determination that is made in the sole discretion of the Board (or its designee),
and such decision or determination shall be final and binding on all Participants.

 

 

    	 	14	 

     

    

 

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

 

		(h)	“Cause” has the meaning ascribed to such term in any written agreement between the
Participant and the Company defining such term and, in the absence of such agreement, such term means, with respect to a Participant,
the occurrence of any of the following events: (i) the commission of an act of fraud, embezzlement, theft or proven dishonesty, or any
other illegal act or practice (whether or not resulting in criminal prosecution or conviction), including theft or destruction of property
of the Company or a subsidiary, or any other act or practice which the Committee shall, in good faith, deem to have resulted in the recipient’s
becoming unbondable under the Company or any subsidiary’s fidelity bond; (ii) the willful engaging in misconduct which is deemed
by the Committee, in good faith, to be materially injurious to the Company or any subsidiary, monetarily or otherwise, including, but
not limited to, improperly disclosing trade secrets or other confidential or sensitive business information and data about the Company
or any subsidiaries and competing with the Company or any subsidiaries, or soliciting employees, consultants or customers of the Company
or any subsidiaries in violation of law or any employment or other agreement to which the recipient is a party; (iii) the continued failure
or habitual neglect by a person who is a Participant to perform his or her duties with the Company or any subsidiary; or (iv) other disregard
of rules or policies of the Company or any subsidiary, or conduct evidencing willful or wanton disregard of the interests of the Company
or any subsidiary.

 

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

 

		(j)	“Committee” means the Compensation Committee and any other committee of Directors to
whom authority has been delegated by the Board or Compensation Committee in accordance with the Plan.

 

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

 

		(l)	“Company” means Coeptis Therapeutics Holdings Inc., a Delaware corporation.

 

		(m)	“Compensation Committee” means the Compensation Committee of the Board.

 

		(n)	“Consultant” means any person, including an advisor, who is (i) engaged by the Company
or an Affiliate to render consulting or advisory services and is compensated for such services, or (ii) serving as a member of the board
of directors of an Affiliate and is compensated for such services. However, service solely as a Director, or payment of a fee for such
service, will not cause a Director to be considered a “Consultant” for purposes of the Plan. Notwithstanding the foregoing,
a person is treated as a Consultant under this Plan only if a Form S-8 Registration Statement under the Securities Act is available to
register either the offer or the sale of the Company’s securities to such person.

 

		(o)	“Continuous Service” means that the Participant’s service with the Company or
an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the
Participant renders service to the Company or an Affiliate as an Employee, Director or Consultant or a change in the Entity for which
the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the
Company or an Affiliate, will not terminate a Participant’s Continuous Service; provided, however, that if the Entity for
which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board, such Participant’s Continuous
Service will be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. For example, a change in status
from an Employee of the Company to a Consultant of an Affiliate or to a Director will not constitute an interruption of Continuous Service.
To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine
whether Continuous Service will be considered interrupted in the case of (i) any leave of absence approved by the Board or chief executive
officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their
successors. Notwithstanding the foregoing, a leave of absence will be treated as Continuous Service for purposes of vesting in an Award
only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement
or policy applicable to the Participant, or as otherwise required by law. In addition, to the extent required for exemption from or compliance
with Section 409A, the determination of whether there has been a termination of Continuous Service will be made, and such term will be
construed, in a manner that is consistent with the definition of “separation from service” as defined under Treasury Regulation
Section 1.409A-1(h) (without regard to any alternative definition thereunder).

 

 

    	 	15	 

     

    

 

		(p)	“Corporate Transaction” means the consummation, in a single transaction or in a series
of related transactions, of any one or more of the following events, provided, however, to the extent necessary to avoid adverse personal
income tax consequences to the Participant under Section 409A of the Code in connection with an Award, such transaction or series of transactions,
also constitutes a Section 409A Change in Control:

 

		i.	a sale or other disposition of all or substantially all, as determined by the Board, of the consolidated
assets of the Company and its Subsidiaries;

 

		ii.	a sale or other disposition of at least 50% of the outstanding securities of the Company;

 

		iii.	a merger, consolidation or similar transaction following which the Company is not the surviving corporation;
or

 

		iv.	a merger, consolidation or similar transaction following which the Company is the surviving corporation
but the shares of Common Stock outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged
by virtue of the merger, consolidation or similar transaction into other property, whether in the form of securities, cash or otherwise.

 

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

 

		(r)	“determine” or “determined” means as determined by the Board or
the Committee (or its designee) in its sole discretion.

 

		(s)	“Disability” means, with respect to a Participant, such Participant is unable to engage
in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result
in death or which has lasted or can be expected to last for a continuous period of not less than 12 months, as provided in Section 22(e)(3)
of the Code, and will be determined by the Board on the basis of such medical evidence as the Board deems warranted under the circumstances.
In making such a determination, the Board may rely upon a determination by the Social Security Administration that the Participant is
disable for purposes of eligibility for Social Security disability benefits.

 

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

 

		(u)	“Employer” means the Company or the Affiliate of the Company that employs the Participant.

 

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

 

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

 

		(x)	“Fair Market Value” means, as of any date, unless otherwise determined by the Board,
the value of the Common Stock (as determined on a per share or aggregate basis, as applicable) determined as follows:

 

		i.	If the Common Stock is listed on any established stock exchange or traded on any established market, the
Fair Market Value will be the closing sales price for such stock as quoted on such exchange or market (or the exchange or market with
the greatest volume of trading in the Common Stock) on the date of determination, as reported in a source the Board deems reliable.

 

		ii.	If there is no closing sales price for the Common Stock on the date of determination, then the Fair Market
Value will be the closing selling price on the last preceding date for which such quotation exists.

 

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

 

 

    	 	16	 

     

    

 

		(y)	“Governmental Body” means any: (a) nation, state, commonwealth, province, territory,
county, municipality, district or other jurisdiction of any nature; (b) federal, state, local, municipal, foreign or other government;
(c) governmental or regulatory body, or quasi-governmental body of any nature (including any governmental division, department, administrative
agency or bureau, commission, authority, instrumentality, official, ministry, fund, foundation, center, organization, unit, body or Entity
and any court or other tribunal, and for the avoidance of doubt, any Tax authority) or other body exercising similar powers or authority;
or (d) self-regulatory organization (including the Nasdaq Stock Market, New York Stock Exchange, and the Financial Industry Regulatory
Authority).

 

		(z)	“Grant Notice” means the notice provided to a Participant that he or she has been granted
an Award under the Plan and which includes the name of the Participant, the type of Award, the date of grant of the Award, number of shares
of Common Stock subject to the Award or potential cash payment right, (if any), the vesting schedule for the Award (if any) and other
key terms applicable to the Award.

 

		(aa)	“Incentive Stock Option” means an option granted pursuant to Section 4 of the Plan
that is intended to be, and qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code.

 

		(bb)	“IPO Date” means the date on which the Company completes an underwritten initial public
offering of the Common Stock.

 

		(cc)	“Materially Impair” means any amendment to the terms of the Award that materially adversely
affects the Participant’s rights under the Award. A Participant’s rights under an Award will not be deemed to have been Materially
Impaired by any such amendment if the Board, in its sole discretion, determines that the amendment, taken as a whole, does not materially
impair the Participant’s rights. For example, the following types of amendments to the terms of an Award do not Materially Impair
the Participant’s rights under the Award: (i) imposition of reasonable restrictions on the minimum number of shares subject to an
Option that may be exercised, (ii) to maintain the qualified status of the Award as an Incentive Stock Option under Section 422 of the
Code; (iii) to change the terms of an Incentive Stock Option in a manner that disqualifies, impairs or otherwise affects the qualified
status of the Award as an Incentive Stock Option under Section 422 of the Code; (iv) to clarify the manner of exemption from, or to bring
the Award into compliance with or qualify it for an exemption from, Section 409A; or (v) to comply with other Applicable Laws.

 

		(dd)	“Non-Employee Director” means a Director who either (i) is not a current employee or
officer of the Company or an Affiliate, does not receive compensation, either directly or indirectly, from the Company or an Affiliate
for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not
be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess
an interest in any other transaction for which disclosure would be required under Item 404(a) of Regulation S-K, and is not engaged in
a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise considered
a “non-employee director” for purposes of Rule 16b-3.

 

		(ee)	“Nonstatutory Stock Option” means any option granted pursuant to Section 4 of the Plan
that does not qualify as an Incentive Stock Option.

 

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

 

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

 

		(hh)	“Option Agreement” means a written agreement between the Company and the Optionholder
evidencing the terms and conditions of the Option grant. The Option Agreement includes the Grant Notice for the Option and the agreement
containing the written summary of the general terms and conditions applicable to the Option and which is provided to a Participant along
with the Grant Notice. Each Option Agreement will be subject to the terms and conditions of the Plan.

 

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

 

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

 

 

    	 	17	 

     

    

 

		(kk)	“Other Award Agreement” means a written agreement between the Company and a holder
of an Other Award evidencing the terms and conditions of an Other Award grant. Each Other Award Agreement will be subject to the terms
and conditions of the Plan.

 

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

 

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

 

		(nn)	“Performance Award” means a Restricted Stock Unit Award or other Award that may vest
or may be exercised or a cash award that may vest or become earned and paid contingent upon the attainment during a Performance Period
of certain Performance Goals and which is granted under the terms and conditions of Section 5 pursuant to such terms as are approved by
the Board or the Committee. In addition, to the extent permitted by Applicable Law and set forth in the applicable Award Agreement, the
Committee may determine that cash or other property may be used in payment of Performance Awards. Performance Awards that are settled
in cash or other property are not required to be valued in whole or in part by reference to, or otherwise based on, the Common Stock.

 

		(oo)	“Performance Criteria” means the one or more criteria that the Board or Committee will
select for purposes of establishing the Performance Goals for a Performance Period. The Performance Criteria that will be used to establish
such Performance Goals may be based on any measure of performance selected by the Board or Committee.

 

		(pp)	“Performance Goals” means, for a Performance Period, the one or more goals established
by the Board or Committee for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide
basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative
to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise
by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance
Goals at the time the Performance Goals are established, the Board or Committee will appropriately make adjustments in the method of calculating
the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges;
(2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude
the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of items that are “unusual” in
nature or occur “infrequently” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects
of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted
levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding
shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger,
consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders
other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s
bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to expensed under
generally accepted accounting principles; (11) to exclude the goodwill and intangible asset impairment charges that are required to be
recorded under generally accepted accounting principles; and (12) to exclude the effects of the timing of acceptance for review and/or
approval of submissions to the U.S. Food and Drug Administration or any other regulatory body. In addition, the Committee retains the
discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner
of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may
result in the payment or vesting corresponding to the degree of achievement as specified in the Award Agreement or the written terms of
a Performance Cash Award.

 

		(qq)	“Performance Period” means the period of time selected by the Committee or the Board
over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right
to vesting or exercise of an Award. Performance Periods may be of varying and overlapping duration, at the sole discretion of the Committee
or the Board.

 

		(rr)	“Plan” means this Coeptis Therapeutics Holdings Inc. 2022 Equity Incentive Plan.

 

 

    	 	18	 

     

    

 

		(ss)	“Plan Administrator” means the person, persons, and/or third-party administrator designated
by the Company to administer the day-to-day operations of the Plan and the Company’s other equity incentive programs.

 

		(tt)	“Post-Termination Exercise Period” means the period following termination of a Participant’s
Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(g) or Section 5(g), as applicable.

 

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

 

		(vv)	“Restricted Stock Award Agreement” means a written agreement between the Company and
a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. The Restricted Stock Award
Agreement includes the Grant Notice for the Restricted Stock Award and the agreement containing the written summary of the general terms
and conditions applicable to the Restricted Stock Award and which is provided to a Participant along with the Grant Notice. Each Restricted
Stock Award Agreement will be subject to the terms and conditions of the Plan.

 

		(ww)	“RSU Award” or “RSU” means an Award of restricted stock units representing
the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

 

		(xx)	“RSU Award Agreement” means a written agreement between the Company and a holder of
a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award
and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided
to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.

 

		(yy)	“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to
Rule 16b-3, as in effect from time to time.

 

		(zz)	“Rule 405” means Rule 405 promulgated under the Securities Act.

 

		(aaa)	“Section 409A” means Section 409A of the Code and the regulations and other guidance
thereunder.

 

		(bbb)	“Section 409A Change in Control” means a change in the ownership or effective control
of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of
the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

 

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

 

		(ddd)	“Share Reserve” means the number of shares available for issuance under the Plan as
set forth in Section 2(a).

 

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

 

		(fff)	“SAR Agreement” means a written agreement between the Company and a holder of a SAR
evidencing the terms and conditions of a SAR grant. The SAR Agreement includes the Grant Notice for the SAR and the agreement containing
the written summary of the general terms and conditions applicable to the SAR and which is provided to a Participant along with the Grant
Notice. Each SAR Agreement will be subject to the terms and conditions of the Plan.

 

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

 

 

    	 	19	 

     

    

 

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

 

		(iii)	“Trading Policy” means the Company’s policy permitting certain individuals to
sell Company shares only during certain “window” periods and/or otherwise restricts the ability of certain individuals to
transfer or encumber Company shares, as in effect from time to time.

 

 

 

 

 

    	 	20Exhibit 10.2

      

      

      FIRST AMENDMENT TO

       

      FIRST AMENDED AND RESTATED CREDIT AGREEMENT

       

      This First Amendment to First Amended and Restated Credit Agreement (this “Amendment”), dated as of October 31, 2022, is by and among, ePlus Technology, inc., a Virginia corporation (“Technology”) (as Borrower Representative), ePlus Technology Services,
          inc., a Virginia corporation (“Services”), SLAIT Consulting, LLC, a Virginia limited liability company (“SLAIT”), and those additional entities that hereafter become parties to the Credit Agreement as Borrowers in accordance with the terms thereof (together with Technology, Services, and SLAIT, each, a “Borrower,” and individually and collectively, jointly and severally, the “Borrowers”), the Lenders (as defined in the Credit
        Agreement (defined below)) party hereto, and Wells Fargo Commercial Distribution Finance, LLC, a Delaware limited liability company, in its capacity as Agent for the Lenders (as defined in the Credit
        Agreement) (together with its successors and assigns, “Agent”).

      

      

      RECITALS

       

      A.         Borrowers are parties to that certain First Amended and Restated Credit Agreement dated as of October 13, 2021 (the “Credit Agreement”)

        by and among Borrowers, the Lenders, and Agent.  Capitalized terms used herein but not otherwise defined herein (including in the preamble and recitals hereof) shall have the respective meanings ascribed to such terms in the Credit Agreement.

       

      B.           Borrowers, the undersigned Lenders and Agent desire to amend the Credit Agreement to make such changes to the Credit Agreement and other Loan Documents as provided in, and subject to
        the terms and conditions of, this Amendment.

       

      C.           The undersigned Lenders constitute the Required Lenders for purposes of Section 10.1 of the Credit Agreement.

       

      NOW, THEREFORE, in consideration of the premises and the agreements contained herein, and for other good and valuable consideration, the receipt, adequacy
        and sufficiency of which are hereby acknowledged, the parties hereto (intending to be legally bound) hereby agree as follows:

       

      1.           Amendments to Credit Agreement.  Subject to the terms and conditions contained herein, Borrowers, Agent and Lenders hereby amend the Credit Agreement as follows:

       

      (a)         The following defined terms are hereby deleted from Section 1.1 of the Credit Agreement:  “Early-Opt-in Election”; “LIBOR Rate”; “LIBOR Administrator”; “USD LIBOR” and each reference to
        such terms set forth in the Credit Agreement are deleted in their entirety.

       

      (b)         Section 1.1 of the Credit Agreement (Definitions) is amended by amending and restating or adding in appropriate alphabetical order, as applicable, the following defined terms, each of
        which shall read as follows:

       

      “Adjusted Term SOFR” means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if
        Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.  Adjusted Term SOFR will change and take effect for purposes of this Agreement (y) with respect to any Revolving Loan or
        Swingline Loan, on the date when such Loan is made and each day Adjusted Term SOFR changes and (z) with respect to any Floorplan Loan, on the first Business Day of each month.

       

      
        

        1

        
          

      

      “Aggregate Floorplan Loan Allocation” means the combined Floorplan Loan Allocations of the Lenders, which shall be in the amount of Four Hundred Twenty-Five Million Dollars
        ($425,000,000.00), as such amount may be reduced from time to time pursuant to this Agreement.

      

      

      “Aggregate Revolving Loan Allocation” means the combined Revolving Loan Allocations of the Lenders, which shall initially be in the amount of One Hundred Fifty Million Dollars
        ($150,000,000.00), as such amount may be reduced from time to time pursuant to this Agreement.

      

      

      “Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (a) if such Benchmark is a term rate, any tenor for such
        Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant to this Agreement or (b) otherwise, any payment period for interest calculated with reference to such Benchmark (or component 
        thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark pursuant to this Agreement, in each case, as of such date.

      

      

      “Base Rate” means, on any day, the greatest of (a) the Floor, (b) the Federal Funds Rate in effect on such day plus 1⁄2%, (c) Adjusted Term SOFR for a
        one month tenor in effect on such day, plus 1%, provided that this clause (c) shall not be applicable during any period in which Term SOFR is unavailable or unascertainable, and (d) the highest “prime rate” in effect on such day as
        published in the “Money Rates” column of The Wall Street Journal or in such other publication or electronic source as Agent, in its sole discretion, may select; provided, however, if for any reason such rate is no longer published in The Wall
        Street Journal, Agent shall select such replacement index as Agent, in its sole discretion, determines most closely approximates such rate (and if such published rate is less than zero, then the rate determined pursuant to this clause (d)
        shall be zero). The “Base Rate” will change and take effect for purposes of this Agreement (y) with respect to any Revolving Loan or Swingline Loan, on the day the Base Rate changes and (z) with respect to any Floorplan Loan,
        on the first Business Day of each month.

       

      

      “Benchmark” means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the
        then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.3(f)(iii).

      

      

      “Benchmark Administrator” means, initially, the Term SOFR Administrator, or any successor administrator of the then-current Benchmark or any insolvency or resolution official
        with authority over such administrator.

      

      

      “Benchmark Replacement” means, with respect to any Benchmark Transition Event, the sum of: (a) the alternate benchmark rate that has been selected by Agent and Borrower
        Representative giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention
        for determining a benchmark rate as a replacement for the then-current Benchmark for Dollar-denominated syndicated credit facilities and (b) the related Benchmark Replacement Adjustment; provided that if such Benchmark Replacement as so determined
        would be less than the Floor, such Benchmark Replacement shall be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

      

      

      
        

        2

        
          

      

      “Benchmark Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Available
        Tenor, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by Agent and Borrower Representative giving due consideration to (a) any
        selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b)
        any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for
        Dollar-denominated syndicated credit facilities.

      

      

      “Benchmark Replacement Date” means the earlier to occur of the following events with respect to the then-current Benchmark:

      

      

      	

            	(a)	
              in the case of clause (a) of the definition of “Benchmark Transition Event,” the later of (i) the date of the public statement or publication of information referenced therein and (ii) the date on which the Benchmark Administrator
                permanently or indefinitely ceases to provide such Benchmark; or

            

      

      

      	

            	(b)	
              in the case of clause (b) of the definition of “Benchmark Transition Event,” the first date on which such Benchmark has been determined and announced by or on behalf of the Benchmark Administrator or the regulatory supervisor for the
                Benchmark Administrator to be non-representative or non-compliant with or non-aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks; provided that such
                non-representativeness, non-compliance or non-alignment will be determined by reference to the most recent statement or publication referenced in such clause (b).

            

      

      

      “Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark: a public statement or publication of
        information by or on behalf of the Benchmark Administrator or a regulatory supervisor for the Benchmark Administrator announcing that (a) the Benchmark Administrator has ceased or will cease to provide the Benchmark permanently or indefinitely or
        (b) the Benchmark is not, or as of a specified future date will not be, representative or in compliance with or aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks.

      

      

      “Benchmark Unavailability Period” means the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement
        has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.3(f)(iii) and (b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all
        purposes hereunder and under any Loan Document in accordance with Section 2.3(f)(iii).

      

      

      “Change in Law” means the occurrence after the date of this Agreement of:  (a) the adoption or effectiveness of any law, rule, regulation, judicial ruling, judgment or treaty,
        (b) any change in any law, rule, regulation, judicial ruling, judgment or treaty or in the administration, interpretation, implementation or application by any Governmental Authority of any law, rule, regulation, guideline or treaty, or (c) any
        new, or adjustment to, requirements prescribed by the Federal Reserve Board for “Eurocurrency Liabilities” (as defined in Regulation D of the Federal Reserve Board), requirements imposed by the Federal Deposit Insurance Corporation, or similar
        requirements imposed by any domestic or foreign governmental authority or resulting from compliance by Agent or any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority
        and related in any manner to SOFR, the Term SOFR Reference Rate, Adjusted Term SOFR or Term SOFR, or (d) the making or issuance by any Governmental Authority of any request, rule, guideline or directive, whether or not having the force of law; provided,
        that notwithstanding anything in this Agreement to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith, and (ii) all
        requests, rules, guidelines or directives concerning capital adequacy promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign
        regulatory authorities shall, in each case, be deemed to be a “Change in Law,” regardless of the date enacted, adopted or issued.

      

      

      
        

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      “Conforming Changes” means, with respect to either the use or administration of Term SOFR or the use, administration, adoption or implementation of any Benchmark Replacement, any
        technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “U.S. Government Securities Business Day,” the definition of “Interest Period” or any similar
        or analogous definition (or the addition of a concept of “interest period”), timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the
        applicability and length of lookback periods, the applicability of breakage provisions (or the addition of breakage provisions) and other technical, administrative or operational matters) that Agent decides may be appropriate to reflect the
        adoption and implementation of any such rate or to permit the use and administration thereof by Agent in a manner substantially consistent with market practice (or, if Agent decides that adoption of any portion of such market practice is not
        administratively feasible or if Agent determines that no market practice for the administration of any such rate exists, in such other manner of administration as Agent decides is reasonably necessary in connection with the administration of this
        Agreement and the other Loan Documents).

      

      

      “Floor” means 0% per annum.

      

      

      “Maximum Floorplan Amount” means Four Hundred Twenty-Five Million Dollars ($425,000,000.00).

      

      

      “Maximum Revolving Loan Availability” means, as of any date of determination, the lesser of either (a) One Hundred Fifty Million Dollars ($150,000,000.00), or (b) the Excess
        Borrowing Base Availability as of such date.

      

      

      “SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

      

      

      “SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

      

      

      “SOFR Loan” means each portion of a Loan that bears interest at a rate determined by reference to Adjusted Term SOFR (other than pursuant to clause (c) of the definition of “Base Rate”).

      

      

      “Swingline Allocation” means the amount of Thirty Five Million Dollars ($35,000,000.00). The Swingline Allocation is a suballocation of,
        and not in addition to, the Revolving Loan Allocation.

       

      “Term SOFR” means,

       

      
        

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      (a) for any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate for a tenor of one month on the day (such day, the “Periodic Term SOFR Determination Day”)

        that is two (2) U.S. Government Securities Business Days prior to the first day of the applicable Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any
        Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then
        Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the
        Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day, and

       

      (b) for any calculation with respect to a Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day, the “Base Rate Term SOFR
          Determination Day”) that is two (2) U.S. Government Securities Business Days prior to such day, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Base Rate Term
        SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will
        be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR
        Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Base Rate Term SOFR Determination Day.

       

      “Term SOFR Adjustment” means, with respect to a Base Rate Loan determined with reference to Adjusted Term SOFR or a SOFR Loan, a percentage per annum equal to 0.10%.

       

      “Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by Agent in its reasonable
        discretion).

       

      “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR.

       

      “Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

       

      (c)          The following Sections 1.4 and 1.5 are hereby added to the Credit Agreement:

       

      1.4         Divisions.  For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different
        jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the
        subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Stock at such time. Any reference in any Loan Document to a merger,
        transfer, consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the
        unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person.

       

      
        

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      1.5         Rates.  Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, (a) the continuation of, administration of,
        submission of, calculation of or any other matter related to the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR or any other Benchmark, any component definition thereof or rates referred to in the definition thereof, or with respect to any
        alternative, successor or replacement rate thereto (including any then-current Benchmark or any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any
        Benchmark Replacement), as it may or may not be adjusted pursuant to Section 2.3(f)(iii), will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, the Term SOFR Reference Rate, Adjusted Term
        SOFR, Term SOFR or any other Benchmark, prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming Changes.  Agent and its affiliates or other related entities may engage in transactions that
        affect the calculation of the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto and such transactions may be adverse to
        a Borrower.  Agent may select information sources or services in its reasonable discretion to ascertain the Term SOFR Reference Rate, Adjusted Term SOFR or Term SOFR, or any other Benchmark, any component definition thereof or rates referred to in
        the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to any Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental
        or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.

       

      (d)         Section 2.1(b)(ii) of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:

       

      (ii)         Agent may, in the sole and absolute discretion of Agent, elect to make, or permit to remain outstanding, Revolving Loans in excess of the Maximum Revolving Loan
        Availability (any such excess Revolving Loan is herein referred to as a “Protective Overadvance”) to (A) preserve or protect the Collateral, or any portion thereof, (B) enhance the
        likelihood of, or maximize the amount of, repayment of the Loan and other Obligations, or (C) to pay any other amount chargeable to or required to be paid by the Borrowers pursuant to the terms of this Agreement, including payments of reimbursable
        expenses and other sums payable under the Loan Documents; provided, however, that (A) Agent may not cause Lenders to make, or permit to remain outstanding, a Protective Overadvance in an aggregate amount in excess of
        ten percent (10%) of the Aggregate Revolving Loan Allocation and (B) no Lender will be required to fund Protective Overadvances if such funding would cause the aggregate amount of Revolving Loans funded by such Lender to exceed such Lender’s
        Revolving Loan Allocation. If a Protective Overadvance is made, or permitted to remain outstanding, pursuant to the preceding sentence, then all Lenders shall be bound to make, or permit to remain outstanding, such Protective Overadvance based upon
        their Allocation Percentage of the Aggregate Revolving Loan Allocation in accordance with the terms of this Agreement, regardless of whether the conditions to lending set forth in Section 3.2 have been met.  All Protective Overadvances
        shall bear interest at Adjusted Term SOFR plus the Applicable Margin for Revolving Loans and the default rate under Section 2.3(d).

       

      
        

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      (e)          Section 2.3(a) of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:

       

      (a)         Subject to Sections 2.3(d) and 2.3(e), (a) each Revolving Loan and Swingline Loan shall bear interest on the outstanding principal amount thereof from the date when made
        at a rate per annum equal to Adjusted Term SOFR plus the Applicable Margin and (b) each Floorplan Loan shall bear interest on the outstanding principal amount thereof from the Floorplan Funding Date with respect to such Floorplan Loan at a
        rate per annum equal to Adjusted Term SOFR plus the Applicable Margin.  Each determination of an interest rate by Agent shall be conclusive and binding on the Borrowers and the Lenders in the absence of manifest error.  All computations of
        fees and interest payable under this Agreement shall be made on the basis of a 360-day year and actual days elapsed.  Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to
        the last day thereof.  In connection with the use or administration of Term SOFR, Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any
        amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.  Agent will promptly notify the Borrower Representative and Lenders of the
        effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

       

      (f)          Section 2.3(d) of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:

       

      (d)        At the election of Agent or the Required Lenders while any Event of Default exists (or automatically while any Event of Default under Section 8.1(f) or 8.1(g) exists),
        the Borrowers shall pay interest (after as well as before entry of judgment thereon to the extent permitted by law) on the Loans under the Loan Documents from and after the date of occurrence of such Event of Default, at a rate per annum which is
        determined by adding two percent (2.0%) per annum to the Applicable Margin then in effect for such Loans (plus Adjusted Term SOFR).  All such interest shall be payable on demand of Agent or the Required Lenders.

       

      (g)          Section 2.3(f) of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:

       

      (f)          Special Provisions Applicable to Term SOFR.

       

      (i)            Adjusted Term SOFR may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional or increased costs (other than
        Taxes which shall be governed by Section 11.2), in each case, due to changes in applicable law occurring subsequent to the commencement of the then applicable Interest Period, or pursuant to any Change in Law or change in the reserve
        requirements imposed by the Federal Reserve Board, which additional or increased costs would increase the cost of funding or maintaining loans bearing interest at Adjusted Term SOFR.  In any such event, the affected Lender shall give Borrower
        Representative and Agent notice of such a determination and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected Lender,  Borrower Representative may, by notice to such
        affected Lender (A) require such Lender to furnish to Borrower Representative a statement setting forth in reasonable detail the basis for adjusting Adjusted Term SOFR and the method for determining the amount of such adjustment, or (B) repay the
        Loans determined with reference to Adjusted Term SOFR, in each case, of such Lender with respect to which such adjustment is made.

       

      
        

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      (ii)          Subject to the provisions set forth in Section 2.3(f)(iii) below, in the event that any change in market conditions or any Change in Law shall at any time
        after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain SOFR Loans (or Base Rate Loans determined with reference to Adjusted Term SOFR) or to continue such funding or
        maintaining, or to determine or charge interest rates at the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR or SOFR, such Lender shall give notice of such changed circumstances to Agent and Borrower Representative and Agent promptly shall
        transmit the notice to each other Lender and (y)(i) in the case of any SOFR Loans of such Lender that are outstanding, such SOFR Loans of such Lender will be deemed to have been converted Base Rate Loans on the last day of the Interest Period of
        such SOFR Loans, if such Lender may lawfully continue to maintain such SOFR Loans, or immediately, if such Lender may not lawfully continue to maintain such SOFR Loans, and thereafter interest upon the SOFR Loans of such Lender thereafter shall
        accrue interest at the rate then applicable to Base Rate Loans (and if applicable, without reference to the Adjusted Term SOFR component thereof) and (ii) in the case of any such Base Rate Loans of such Lender that are outstanding and that are
        determined with reference to Adjusted Term SOFR, interest upon the Base Rate Loans of such Lender after the date specified in such Lender’s notice shall accrue interest at the rate then applicable to Base Rate Loans without reference to the
        Adjusted Term SOFR component thereof and (z) Borrowers shall not be entitled to elect the SOFR Option and Base Rate Loans shall not be determined with reference to the Adjusted Term SOFR component thereof, in each case, until such Lender determines
        that it would no longer be unlawful or impractical to do so.

       

      (iii)          Benchmark Replacement Setting.

       

      (A)         Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event,
        Agent and Borrower Representative may amend this Agreement to replace the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th)
        Business Day after Agent has posted such proposed amendment to all affected Lenders and Borrower Representative so long as Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required
        Lenders.  No Secured Rate Contract shall be deemed to be a “Loan Document” for purposes of this Section 2.3(f)(iii).

       

      (B)          Benchmark Replacement Conforming Changes. In connection with the use, administration, adoption or implementation of a Benchmark Replacement, Agent will have
        the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or
        consent of any other party to this Agreement or any other Loan Document.

       

      (C)          Notices; Standards for Decisions and Determinations. Agent will promptly notify Borrower Representative and the Lenders of (1) the implementation of any
        Benchmark Replacement and (2) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement.  Agent will promptly notify Borrower Representative of the removal or
        reinstatement of any tenor of a Benchmark pursuant to Section 2.3(f)(iii)(D).  Any determination, decision or election that may be made by Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.3(f)(iii),
        including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and
        binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section
          2.3(f)(iii).

       

      
        

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      (D)          Unavailability of Tenor of Benchmark.  Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection
        with the implementation of a Benchmark Replacement), (1) if the then-current Benchmark is a term rate (including the Term SOFR Reference Rate) and either (I) any tenor for such Benchmark is not displayed on a screen or other information service
        that publishes such rate from time to time as selected by Agent in its reasonable discretion or (II) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any
        tenor for such Benchmark is not or will not be representative, then Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for any Benchmark settings at or after such time to remove such unavailable or
        non-representative tenor and (2) if a tenor that was removed pursuant to clause (1) above either (I) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (II) is not, or is no longer,
        subject to an announcement that it is not or will not be representative for a Benchmark (including a Benchmark Replacement), then Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for all Benchmark
        settings at or after such time to reinstate such previously removed tenor.

       

      (E)          Benchmark Unavailability Period. Upon Borrower Representative’s receipt of notice of the commencement of a Benchmark Unavailability Period, Agent may (a)
        declare that SOFR Loans will not thereafter be made, such that any request for a SOFR Loan shall be deemed to be a request for a Base Rate Loan and (b) require that all outstanding SOFR Loans be converted to Base Rate Loans immediately, in which
        event all outstanding SOFR Loans shall be so converted and shall bear interest at the Base Rate in effect from time to time. The Base Rate in effect from time to time shall replace the then-current Benchmark for any determination of interest
        hereunder or under any other Loan Document during a Benchmark Unavailability Period.

       

      (h)         Section 2.8(b)(i)(A) of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:

       

      (A)         the then outstanding principal balance of Revolving Loans and Swingline Loans exceed the lesser of either (1) One Hundred Fifty Million Dollars ($150,000,000.00), or
        (2) the Maximum Floorplan Amount minus the Aggregate Floorplan Outstandings,

      

      

      (i)          Section 3.2(c) of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:

       

      (c)         after giving effect to any Loan (or the Issuance of any Letter of Credit), the aggregate outstanding amount of the Revolving Loans and Swingline Loans would exceed
        the lesser of either (1) One Hundred Fifty Million Dollars ($150,000,000.00), or (2) the Maximum Floorplan Amount minus the Aggregate Floorplan Outstandings.

      

      

      (j)          Section 10.1(g) of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:

       

      
        

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      Anything in this Section 10.1 to the contrary notwithstanding, (i) any amendment, modification, elimination, waiver, consent, termination, or release of, or with respect to, any provision
        of this Agreement or any other Loan Document that relates only to the relationship of the Lenders among themselves, and that does not affect the rights or obligations of any Credit Party or Guarantor, shall not require consent by or the agreement
        of any Credit Party or Guarantor, (ii) any amendment, waiver, modification, elimination, or consent of or with respect to any provision of this Agreement or any other Loan Document may be entered into without the consent of, or over the objection
        of, any Non-Funding Lender, and (iii) any amendment contemplated by Section 2.3(f)(iii) of this Agreement titled “Benchmark Replacement Setting” in connection with replacing the then current Benchmark shall be effective as contemplated by Section

          2.3(f)(iii) of this Agreement titled “Benchmark Replacement Setting.”

       

      (k)         Schedule 2.1(a) – Floorplan Loan Allocations and Schedule 2.1(b) – Revolving Loan Allocations of the Credit Agreement are hereby amended by deleting such Schedules in their entirety and
        replacing them with Schedule 2.1(a) and Schedule 2.1(b) attached hereto.

       

      (l)         Notwithstanding anything in this Amendment to the contrary, the provisions of this Amendment related to the deletion of the LIBOR Rate and the application
        of Term SOFR to any Loans shall not be effective until the first day of the calendar month immediately following the date of this Amendment.

       

      2.         Conditions Precedent.  The amendments contained in Section 1 above are subject to, and contingent upon, Agent receiving each of the following items, each in form and
        substance acceptable to Agent, unless waived in writing by Agent in its sole and absolute determination:

       

      (a)          A duly executed counterpart of this Amendment signed by each of the parties hereto;

       

      (b)          Guarantors shall have executed and delivered the Acknowledgement and Agreement of Guarantors;

       

      (c)         Resolutions of the board of directors or board of managers, as applicable, of each Borrower and Guarantor, dated as of the date hereof, which authorize, direct, and empower the
        authorized officers to make, execute, and deliver this Amendment;

       

      (d)       A certificate of secretary for each Credit Party and Guarantor, certifying as to the authority, incumbency and signature of the officers of such Credit Party executing this Amendment and
        all other documents, agreements and certificates in connection with this Amendment;

       

      (e)       Agent shall have received satisfactory evidence that all corporate and other proceedings that are necessary in connection with this Amendment have been taken to the Agent’s satisfaction;

       

      (f)         Certificates of good standing for each Credit Party issued by the state of incorporation or organization of such Credit Party, all as of a recent date; and

       

      (g)          Such other matters as Agent may require.

       

      3.          Costs, Expenses and Taxes.  Without limiting the obligation of the Credit Parties to reimburse Agent for all reasonable costs, fees, disbursements and expenses incurred by Agent
        as specified in the Credit Agreement, as amended by this Amendment, the Credit Parties agree to pay on demand all reasonable costs, fees, disbursements and expenses of Agent in connection with the preparation, execution and delivery of this
        Amendment and the other agreements, modifications, instruments and documents contemplated hereby (collectively, the “Transaction Documents”), including, without limitation, reasonable
        attorneys’ fees and expenses.

       

      
        

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      4.           Representations, Warranties and Covenants of the Credit Parties.  Each Credit Party jointly and severally hereby represents and warrants to Agent and Lender, which
        representations and warranties shall survive the execution and delivery hereof, that on and as of the date hereof and after giving effect to this Amendment:

       

      (a)          Each Credit Party has the corporate or limited liability company (as applicable) power and authority to execute and deliver this Amendment and the Transaction
        Documents to which it is a party (and perform its respective obligations hereunder and thereunder).  This Amendment and the Transaction Documents to which such Credit Party is a party have been duly authorized by such Credit Party.  This Amendment,
        the Transaction Documents to which such Credit Party is a party, and the Credit Agreement (as amended by this Amendment) each constitute the legal, valid and binding obligation of such Credit Party, enforceable against such Credit Party in
        accordance with their respective terms, subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar law affecting creditor’s rights generally and general principles of equity;

       

      (b)          The execution, delivery and performance by Credit Parties of this Amendment and the Transaction Documents have been duly
        authorized by all necessary corporate or limited liability company action and do not (i) require any authorization, consent or approval by any Governmental Authorities, (ii) violate any Requirement of Law, or (iii) result in a breach of or
        constitute a default under any indenture or loan or loan agreement or any other agreement, lease or instrument to which any Credit Party is a party or by which they or their properties may be bound or affected.

       

      (c)          Each Credit Party’s representations and warranties set forth in the Credit Agreement and in the other Loan Documents are true, correct and complete in all material
        respects (or, if any such representation or warranty is by its terms qualified by concepts of materiality, such representation or warranty is true and correct in all respects) on and as of the date hereof except to the extent that such
        representations and warranties expressly related solely to an earlier date, in which case such representations were true, correct and complete in all material respects (or, if any such representation or warranty is by its terms qualified by
        concepts of materiality, such representation or warranty is true and correct in all respects) (on and as of such earlier date;

       

      (d)           No Default or Event of Default has occurred or is continuing as of the date hereof or shall occur immediately after giving effect to this Amendment;

       

      (e)           Each Credit Party’s Organization Documents continue in full force and effect and have not been amended or otherwise modified since October 13, 2021;

       

      (f)            All Obligations now due or payable by Borrowers to Lenders or Agent are unconditionally owing by Borrowers to Lenders and Agent, without offset, defense or
        counterclaim of any kind, nature or description whatsoever; and

       

      (g)           Since March 31, 2022, there has not occurred any Material Adverse Effect.

       

      Each Credit Party acknowledges that Agent and Lenders are specifically relying upon the representations, warranties and agreements contained in this Amendment and that such representations,
        warranties and agreements constitute a material inducement to Agent and Lenders in entering into this Amendment.

       

      5.           Release by Credit Parties.

       

      
        

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      (a)        In further consideration of the execution of this Amendment by Agent and Lenders, each Credit Party (on behalf of itself and its shareholders, directors, members, managers, partners,
        officers, affiliates, successors and assigns) hereby unconditionally, absolutely and irrevocably forever remises, releases, acquits, satisfies and forever discharges Agent and Lenders and their respective successors, assigns, affiliates, parent
        entities, officers, employees, directors, shareholders, agents and attorneys (collectively, the “Releasees”) from any and all claims, demands, liabilities, disputes, damages, suits,
        controversies, penalties, fees, costs, expenses, actions and causes of action (whether at law or in equity) and obligations of every nature whatsoever, whether liquidated or unliquidated, known or unknown, matured or unmatured, fixed or contingent
        (all of the foregoing, “Claims”), that such Credit Party (or any of its respective shareholders, directors, members, managers, partners, officers, affiliates, successors or assigns)
        occurring on or before the date hereof, from any or all of the Releasees, which arise from or relate to any actions, omissions, conditions, events, or any other circumstances whatsoever on or prior to the date hereof, including, without limitation,
        with respect to the Obligations, any Collateral, the Credit Agreement, the transactions relating thereto or hereto, and any other Loan Document, other than for the gross negligence or willful misconduct of Agent as finally determined in a
        non-appealable order of a court of competent jurisdiction.

       

      (b)         Each Credit Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction
        against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.  Each Credit Party agrees that no fact, event, circumstance, evidence or transaction that could now be
        asserted or that may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.

       

      (c)          Each Credit Party hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Releasee that such Credit Party will not sue (at law, in equity, in
        any regulatory proceeding or otherwise) any Releasee on the basis of any Claim released, remised and discharged by such Credit Party pursuant to the foregoing in this Section 5.

       

      6.           Reference to Credit Agreement; No Waiver.

       

      (a)         References.  Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall
        mean and be a reference to the Credit Agreement, as amended hereby.  The term “Loan Documents” as defined in Section 1.1 of the Credit Agreement shall include (in addition to the Loan Documents described in the Credit Agreement) this
        Amendment and the other Transaction Documents.

       

      (b)         No Waiver.  The failure of Agent (or, as applicable, Lenders), at any time or times hereafter, to require strict performance by Credit Parties of any provision or term of the
        Credit Agreement, this Amendment or the other Loan Documents shall not waive, affect or diminish any right of Agent (or, as applicable, Lenders) hereafter to demand strict compliance and performance herewith or therewith.  Any suspension or waiver
        by Agent or Lenders of a breach of this Amendment or any Event of Default under the Credit Agreement shall not, except as expressly set forth in a writing signed by Agent, suspend, waive or affect any other breach of this Amendment or any Event of
        Default under the Credit Agreement, whether the same is prior or subsequent thereto and whether of the same or of a different kind or character.  None of the undertakings, agreements, warranties, covenants and representations of the Credit Parties
        contained in this Amendment, shall be deemed to have been suspended or waived by Agent or Lenders unless such suspension or waiver is (i) in writing and signed by Agent and (ii) delivered to the Credit Parties.  In no event shall Agent’s and
        Lenders’ execution and delivery of this Amendment establish a course of dealing among Agent, Lenders, Credit Parties or any other obligor, or in any other way obligate Agent or Lenders to hereafter provide any amendments or waivers with respect to
        the Credit Agreement.  The terms and provisions of this Amendment shall be limited precisely as written and shall not be deemed (x) to be a consent to any amendment or modification of any other term or condition of the Credit Agreement or of any of
        the Loan Documents (except as expressly provided herein); or (y) to prejudice any right or remedy which Agent or Lender may now have under or in connection with the Credit Agreement or any of the Loan Documents.

       

      
        

        12

        
          

      

      7.           Full Force and Effect.  The Credit Agreement and all Loan Documents, in each case as amended hereby, shall remain in full force and effect and are hereby ratified and
        confirmed.

       

      8.           Reaffirmation of Security Interest.  Each Borrower hereby ratifies and reaffirms any and all grants of Liens to Agent in, to and on the Collateral as security for the
        Obligations, and each Borrower acknowledges and confirms that the grants of the Liens to Agent for the benefit of itself and Lenders in, to and on the Collateral:  (i) represent continuing Liens on all of the Collateral, (ii) secure the
        indefeasible payment in full in cash all of the Obligations when due or declared due in accordance with the terms of the Credit Agreement, and (iii) represent valid and first priority perfected Liens on all of the Collateral except solely to the
        extent, if any, of any Permitted Liens.

       

      9.           Miscellaneous.  Titles and headings herein are solely for the convenience of the parties and are without substantive legal meaning.  This Amendment may only be amended or
        modified by a writing signed by Agent, Required Lenders and the Credit Parties.  Neither this Amendment nor any uncertainty or ambiguity herein shall be construed or resolved against Agent or Lenders, whether under any rule of construction or
        otherwise.

       

      10.        Incorporation by Reference.  Sections 10.5 (Costs and Expenses), 10.13 (Severability), 10.8 (Successors and Assigns), 10.9 (Assignments and Participations; Binding Effect), 10.18 (Governing Law and Jurisdiction), 10.19 (Waiver of Jury Trial), and 9.21 (General Waivers by Credit Parties) of the Credit Agreement are incorporated by reference herein, mutatis

          mutandis, and the parties hereto agree to such terms and agree that such provision apply with equal force to this Amendment.

       

      11.         Counterparts; Facsimile Signature.  This Amendment may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so
        executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Signature pages may be detached from multiple separate counterparts and attached to a single counterpart.  Execution

        of any such counterpart may be by means of (a) an electronic signature that complies with the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, or any other relevant and
        applicable electronic signatures law; (b) an original manual signature; or (c) a faxed, scanned, or photocopied manual signature.  Each electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same
        validity, legal effect, and admissibility in evidence as an original manual signature.  Agent reserves the right, in its discretion, to accept, deny, or condition acceptance of any electronic signature on this Amendment.   Any party delivering an
        executed counterpart of this Agreement by faxed, scanned or photocopied manual signature shall also deliver an original manually executed counterpart, but the failure to deliver an original manually executed counterpart shall not affect the
        validity, enforceability and binding effect of this Amendment.  The foregoing shall apply to each other Loan Document, and any notice delivered hereunder or thereunder, mutatis mutandis.

       

      [Signature Pages Follow]

       

      
        

        13

        
          

        

      

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their duly authorized officers as of the day and year first above written.

       

      

      
         

        

        
          
            	
                     

                  	
                    
                      
                        
                          BORROWERS:

                        

                      

                    

                  
	 	 
	 	
                    EPLUS TECHNOLOGY, INC.

                  
	
                     

                  	
                     

                  	
                     

                  
	
                     

                  	
                    By:  

                    

                  	
                    
                      /s/ Elaine D. Marion

                    

                  

            	 	Name:	
                    
                      Elaine D. Marion

                    

                  
	 	Title: 	
                    Chief Financial Officer

                  

          

        

      

       

      

      
        	 	
                EPLUS TECHNOLOGY SERVICES, INC.

              
	 	  

        	 	
                By:

              	
                /s/ Elaine D. Marion

              

        	 	
                Name:

              	
                Elaine D. Marion

              
	 	
                Title:

              	
                Chief Financial Officer

              
	 	  

        	 	
                SLAIT CONSULTING, LLC

              
	 	  
	 	
                By:

              	
                 /s/ Elaine D. Marion

              

        	 	
                Name:

              	
                Elaine D. Marion

              
	 	
                Title:

              	
                Chief Financial Officer

              

      

       

      

      
        

        14

        
          

        

      

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their duly authorized officers as of the day and year first above
        written.

       

      
        	
                 

              	
                
                  WELLS FARGO COMMERCIAL DISTRIBUTION

                  FINANCE, LLC, as Agent, Swingline Lender and as a

                  Lender

                

              
	
                 

              	
                 

              	 

              
	
                 

              	
                By:  

                

              	
                /s/ Jack F. Morrone

              

      

      
        	
                 

              	
                Name:

              	
                Jack F. Morrone

              
	 	Title:	
                Its Duly Authorized Signatory

              

      

      

      

      
        

        15

        
          

        

      

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their duly authorized officers as of the day and year first above written.

       

      

      
        
          	
                   

                	
                  
                    
                      REGIONS BANK, as a Lender

                    

                  

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                  By:  

                  

                	
                  /s/ Alberto Casasus 

                

          	 	Name:	
                  Alberto Casasus

                
	 	Title: 	Director

        

      

      

      
        

        16

        
          

        

      

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their duly authorized officers as of the day and year first above written.

       

      

      
        	
                 

              	
                
                  
                    
                      TRUIST BANK, as a Lender

                    

                  

                

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                By:  

                

              	
                 /s/ Cathleen Marston 

              

        	 	Name:	Cathleen Marston
	 	Title: 	
                Vice President

              

      

      

      

      
        

        17

        
          

        

      

      ACKNOWLEDGEMENT AND AGREEMENT OF GUARANTORS

       

      The undersigned, each a guarantor of the indebtedness of ePlus Technology, inc., a Virginia corporation (“Technology”), ePlus Technology Services, inc., a Virginia corporation (“Services”), SLAIT Consulting, LLC, a Virginia limited liability company (“SLAIT”), and those additional entities that hereafter become parties to the Credit
        Agreement (as defined in the Amendment (defined below)) as Borrowers in accordance with the terms thereof (together with Technology, Services, and SLAIT, each, a “Borrower,” and
        individually and collectively, jointly and severally, the “Borrowers”) to the Lenders and Agent (each as defined in the Amendment) pursuant to (i) that certain First Amended and Restated
        Limited Guaranty dated October 13, 2021, from ePlus Inc. in favor of Agent, for the benefit of the Lenders (the “Limited Guaranty – Holdings”) and (ii) that certain First Amended and Restated Collateralized Guaranty dated October 13, 2021, from
        ePlus Group, Inc. in favor of Agent, for the benefit of the Lenders (the “Collateralized Guaranty – Group”), hereby (A) acknowledges receipt of the foregoing First Amendment to First Amended and Restated Credit
          Agreement (the “Amendment”); (ii) consents to the terms and execution thereof; (iii) reaffirms all of its obligations to Agent
          pursuant to the terms of the Limited Guaranty – Holdings and Collateralized Guaranty – Group, as applicable; and (iv) acknowledges that Agent and Lenders may amend, restate, extend, renew or otherwise modify the Credit Agreement (as defined in
          the Amendment) and any indebtedness or agreement of Borrowers, or enter into any agreement or extend additional or other credit accommodations, without notifying or obtaining the consent of the undersigned and without impairing the liability of
          the undersigned under the Limited Guaranty – Holdings or Collateralized Guaranty – Group, as applicable, for Borrowers’ present and future indebtedness
          to Agent and Lenders.

      
         

        
          	
                   

                	
                  
                    
                      
                        
                          EPLUS GROUP INC.

                        

                      

                    

                  

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                  By:  

                  

                	
                  /s/ Elaine D. Marion

                  

                

          	 	Name:	Elaine D. Marion
	 	Title: 	Chief Financial Officer

        

        

        

      

      
        
          
            	
                     

                  	
                    
                      
                        
                          
                            
                              EPLUS, INC.

                            

                          

                        

                      

                    

                  
	
                     

                  	
                     

                  	
                     

                  
	
                     

                  	
                    By:  

                    

                  	
                     /s/ Elaine D. Marion 

                    

                  

            	 	Name:	Elaine D. Marion
	 	Title: 	Chief Financial Officer

          

          

          

        

      

      

      

    

  

  18

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