Document:

Blueprint

  Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

 

Linde plc

Annual Variable Compensation Plan

Effective January 1, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE OF CONTENTS

 

Section
1: Purpose

 

Section
2: Definitions

 

Section
3: Administration

 

Section
4: Variable Compensation Payments

 

Section
5: Payment of Variable Compensation Payments

 

Section
6: Termination of Employment

 

Section
7: General Provisions

 

Section
8: Amendment, Suspension, or Termination

 

Section
9: Effective Date and Duration of Plan

 

 

 

 

 

 

 

 

-1-

 

 

Linde plc

Annual Variable Compensation Plan

Effective as of January 1, 2019

 

Section 1: Purpose

 

The
purpose of the Plan is to: (a) provide incentives and rewards to
certain employees who are Executive Officers of the Company or who
are in a managerial, administrative, professional or policy-making
capacity for the Company; (b) assist the Company in attracting,
retaining, and motivating employees of high caliber and experience
to deliver strong business results in line with shareholder
expectations; (c) support a performance-driven culture; and (d)
make the Company’s compensation program competitive with
those of other major employers.

 

Section 2: Definitions

 

2.1         “Board”
shall mean the Board of Directors of Linde plc.

 

2.2         “Chief
Executive Officer” or “CEO” shall mean the Chief
Executive Officer of Linde plc.

 

2.3         “Committee”
shall mean the Compensation Committee of the Board.

 

2.4         “Company”
shall mean Linde plc and such of its subsidiary companies as shall
be designated by the Committee to participate in the
Plan.

 

2.5         “Department”
shall mean the Corporate Human Resources Department of Linde
plc.

 

2.6         “Executive
Officer” shall mean an individual who, for all or any portion
of the Plan Year, was subject to Section 16 reporting requirements
under the U.S. Securities Exchange Act of 1934.

 

2.7         “Eligible
Position” shall mean (i) a position as an Executive Officer,
unless otherwise determined by the Committee, or (ii) another
position in the Company in which an employee acts in a managerial,
administrative, professional or policy-making capacity and which
the CEO designates as an Eligible Position pursuant to Section
3.1

 

2.8         “Participant”
shall mean an employee of the Company who occupies an Eligible
Position.

 

2.9         “Plan”
shall mean this Linde plc Annual Variable Compensation Plan, as may
be amended from time to time.

 

2.10      
“Plan Year” shall mean the
calendar year, or part thereof in the event the Plan is in effect
only for part of a calendar year.

 

2.11      
“Variable Compensation
Payment” shall mean the amount of the annual payment, if any,
under the Plan determined in accordance with procedures authorized
by the Committee to be payable to a Participant for a Plan Year.
Notwithstanding any provision in this Plan or such
Committee-authorized procedures to the contrary, in determining the
amount of a Participant’s Variable Compensation Payment for a
Plan Year, if any, the Committee (with regard to any
Executive Officer) and the CEO or the Department (with regard to
all other Participants) shall have the discretion to increase such
payment, subject to any maximum determined in accordance with any
applicable guidelines or any other Company plan or policy or reduce
such payment to any amount, including zero, prior to the payment
date of such Variable Compensation Payment. The Variable
Compensation Payment payable to a Participant for a Plan Year, if
any, is determined in accordance with the applicable guidelines and
any other applicable Company plan or policy. A Participant’s
selection to receive a Variable Compensation Payment for a Plan
Year shall in no way entitle him or her to receive, or otherwise
obligate the Company, the Committee, the CEO or the Department to
award such Participant, any Variable Compensation Payments with
respect to any future Plan Year. The designation of a position
(excluding a position as an Executive Officer) as an Eligible
Position shall in no way obligate the CEO or the Committee to
designate such position as an Eligible Position, or entitle the
person occupying such Eligible Position to occupy any Eligible
Position, with respect to any future Plan Year.

 

 

-2-

 

 

Section 3: Administration

 

3.1         The
Plan shall be administered by the Committee, which shall have full
power and authority to exercise all of the powers granted to it
under the Plan; construe, interpret and implement the Plan;
establish, amend, and rescind guidelines and administrative
regulations to further the purpose of the Plan; establish and amend
performance goals or objectives or other criteria for Variable
Compensation Payments; select or authorize the selection criteria
of Participants (including adding and removing Participants during
the Plan Year); determine and authorize Variable Compensation
Payments; and make all determinations, and take any other actions,
necessary or advisable to administer the Plan. The Committee may
correct any defect or supply any omission or reconcile any
inconsistency in the Plan in the manner and to the extent the
Committee deems necessary or desirable to carry it into effect. The
Committee’s decisions, actions, and interpretations regarding
the Plan shall be in its discretion and shall be final and binding
upon all Participants. The Committee may delegate its duties,
powers and authority in whole or in part to the Department or any
individual or individuals, including the CEO. Except as
specifically provided to the contrary, references to the Committee
include the Department and any individual or individuals to whom
the Committee has delegated some or all of its duties, powers and
authority hereunder.

 

3.2         No
member of the Committee and no employee of the Company shall be
liable for anything done or omitted to be done by him or her, by
any other member of the Committee, or by any employee of the
Company in connection with the performance of duties under the
Plan, except for his or her own willful misconduct (as determined
by a court of competent jurisdiction in a final judgment or other
final adjudication, in either case, not subject to further appeal)
or as expressly provided by statute. The Company shall indemnify
and hold each member of the Committee and each other director or
employee of the Company or of any of its affiliates to whom any
duty or power relating to the administration or interpretation of
the Plan has been delegated against any cost or expense (including
counsel fees) or liability (including any sum paid in settlement of
a claim with the approval of the Committee) arising out of any
action, omission or determination relating to the
Plan.

 

Section 4: Variable Compensation Payments

 

4.1         All
Variable Compensation Payments shall be payable in
cash.

 

4.2         For
each Plan Year, the Committee will determine the Variable
Compensation Payments for Executive Officers and shall determine
the Company performance payout factor to be applied to the
aggregate amount of Variable Compensation Payments to be paid to
other Participants. Such determinations shall be based upon an
evaluation of performance of the Company (or any subsidiary or
business line or unit thereof) against the performance goals or
objectives or other criteria as were established for the Company
(or any subsidiary or business line or unit thereof) for such Plan
Year and may be subject to adjustment as determined by the
Committee in its discretion.

 

4.3         In
addition, in determining the amount of the Variable Compensation
Payment made to each Participant, the Committee or the Department,
or its delegate, as applicable, shall consider the extent to which
a Participant achieves, during a Plan Year, individual measures of
performance, if any, established for such Participant for such Plan
Year.

 

 

-3-

 

 

Section 5: Payment of Variable Compensation Payments

 

5.1         Variable
Compensation Payments to be made in respect of a Plan Year, if any,
shall be made on or before March 15 of the year following the end
of such Plan Year.

 

5.2         All
Variable Compensation Payments shall be made subject to the terms
and conditions of any (i) claw back, recapture or other similar
policy or requirement of the Company (including any such
requirement imposed under applicable law, rule or regulation), as
in effect from time to time, and (ii) nondisclosure,
nonsolicitation and noncompetition agreement, or other similar
agreement, between the Participant and the Company.

 

Section 6: Termination of Employment

 

If a
Participant’s employment with the Company is terminated
during a Plan Year for any reason, the Committee, with respect to
any Executive Officers, shall determine in its discretion whether
the Participant shall be entitled to a Variable Compensation
Payment for such Plan Year and the amount of any such Variable
Compensation Payment. The Committee or its delegate shall establish
guidelines with respect the treatment of Variable Compensation
Payments in connection with the termination of employment of
Participants who are not Executive Officers.

 

Section 7: General Provisions

 

7.1         A
Participant may not assign a Variable Compensation Payment. Any
attempted assignment shall be null and void. For purposes of this
paragraph, any designation of, or payment to, a Beneficiary shall
not be deemed an assignment.

 

7.2         Determinations
made by the Committee under the Plan need not be uniform and may be
made selectively among Participants, whether or not such
Participants are similarly situated.

 

7.3         Each
Participant will be solely responsible for any applicable taxes
(including, without limitation, employment, income and any
additional taxes), penalties and any interest thereon, that may be
incurred in connection with the receipt any Variable Compensation
Payment. The Company shall have the right to deduct or withhold
from any Variable Compensation Payment any federal, state, local or
foreign income or other taxes required by law to be withheld with
respect to such payment.

 

7.4         Nothing
contained in the Plan, and no action taken pursuant to the Plan,
shall create or be construed to create a trust of any kind. A
Participant’s right to receive a Variable Compensation
Payment shall be no greater than the right of an unsecured general
creditor of the Company. All Variable Compensation Payments shall
be paid from the general funds of the Company, and no special or separate fund shall be established, and
no segregation of assets shall be made to assure payment of such
Variable Compensation Payments.

 

7.5        
Nothing contained in the Plan shall
give any Participant the right to continue in the employment of the
Company or affect the right of the Company to discharge a
Participant.

 

7.6         The
adoption of the Plan shall not be construed as creating any
limitations on the power of the Board or the Committee to adopt
such other incentive arrangements, apart from the Plan, as it may
deem desirable, and such other arrangements may be either
applicable generally or only in specific cases.

 

 

-4-

 

 

7.7         To
the extent applicable, Variable Compensation Payments under the
Plan are intended to be exempt from, or to comply with, Section
409A of the Internal Revenue Code of 1986, as amended from time to
time, or any successor thereto, and the applicable rulings and
regulations thereunder (“Section 409A”), and the Plan
shall be interpreted, administered and construed accordingly. To
the extent a Participant would be entitled to a Variable
Compensation Payment under the Plan and such Variable Compensation
Payment is deemed to constitute “deferred compensation”
subject to Section 409A that, if paid or provided during the 6
months beginning on such Participant’s “separation from
service” (within the meaning of Section 409A), would be
subject to the additional tax under Section 409A because the
Participant is a “specified employee” (within the
meaning of Section 409A), such Variable Compensation Payment will
be paid to the Participant on the earlier of the 6-month
anniversary of the Participant’s separation from service or
the Participant’s death.

 

7.8         The
Plan shall be construed and governed in accordance with the laws of
the State of Connecticut.

 

7.9         The
Company shall take action it deems necessary or advisable for the
purpose of conforming the Plan and any Variable Compensation
Payment to any present or future law relating to plans of this or
similar nature and to the administrative regulations and rulings
promulgated thereunder.

 

Section 8: Amendment, Suspension, or Termination

 

Each
of the Board and the Committee reserves the right to amend,
suspend, or terminate the Plan at any time; provided, however, that
any amendment, suspension or termination shall not adversely affect
the rights of Participants to receive Variable Compensation
Payments earned prior to such action.

 

Section 9: Effective Date and Duration of Plan

 

The
Plan shall be effective beginning as of January 1, 2019 and shall
continue in effect until terminated in accordance with Section
8.

 

 

 

 

 

 

 

 

 

-5-Monaker Group, Inc. S-8

 

Exhibit 4.2

 

MONAKER
GROUP, INC.

 

2017
EQUITY INCENTIVE PLAN

 

STOCK
OPTION AGREEMENT

 

Unless
otherwise defined herein, the terms in the Stock Option Agreement (the “Option Agreement”) have the
same meanings as defined in the Monaker Group, Inc. 2017 Equity Incentive Plan (the “Plan”).

 

		I.	NOTICE
                                         OF STOCK OPTION GRANT

 

Optionee: ___________________________________

 

Address: ___________________________________

 

You
have been granted an Option to purchase Common Stock of the Company (the “Option”), subject to the terms
and conditions of the Plan and this Option Agreement, as follows:

 

Grant
Date: ___________________________________

 

Vesting
Commencement Date: ___________________________________

 

Exercise
Price per Share: $___________________________________

 

Total
Number of Shares Granted: ___________________________________

 

Total
Exercise Price: $___________________________________

 

Type
of Option: ___________________________________

 

Expiration
Date: ___________________________________

 

Vesting
Schedule: ___________________________________.

 

To
the extent vested, this Option will be exercisable for three (3) months following the Termination of Service of Optionee, unless
termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following
the Termination of Service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially
reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding
the foregoing sentence, in no event may this Option be exercised following the Termination of Service of Optionee as determined
by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to
earlier termination as provided in the Plan.

 

     

     

    

 

“Cause”
has the meaning ascribed to such term or words of similar import in Optionee’s written employment or service contract with
the Company or its parent or any subsidiary and, in the absence of such agreement or definition, means Optionee’s (i) conviction
of, or plea of nolo contendere to, a felony or any other crime involving moral turpitude; (ii) fraud on or misappropriation
of any funds or property of the Company or its subsidiaries, or any affiliate, customer or vendor; (iii) personal dishonesty,
incompetence, willful misconduct, willful violation of any law, rule or regulation (other than minor traffic violations or similar
offenses), or breach of fiduciary duty which involves personal profit; (iv) willful misconduct in connection with Optionee’s
duties or willful failure to perform Optionee’s responsibilities in the best interests of the Company or its subsidiaries;
(v) illegal use or distribution of drugs; (vi) violation of any material rule, regulation, procedure or policy of the
Company or its subsidiaries, the violation of which could have a material detriment to the Company; or (vii) material breach
of any provision of any employment, non-disclosure, non-competition, non-solicitation or other similar agreement executed by Optionee
for the benefit of the Company or its subsidiaries, all as reasonably determined by the Company’s Board of Directors, which
determination will be conclusive.

 

		II.	AGREEMENT

 

1.
Grant of Option. The Board of Directors grants to the Optionee named in the Notice of Stock Option Grant in Part
I of this Option Agreement, an Option to purchase the number of Shares set forth in the Notice of Stock Option Grant,
at the exercise price per Share set forth in the Notice of Stock Option Grant (the “Exercise Price”),
and subject to the terms and conditions of the Plan, which is incorporated herein by reference. In the event of a conflict between
the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan prevail.

 

If
designated in the Notice of Stock Option Grant as an Incentive Stock Option, this Option is intended to qualify as an Incentive
Stock Option as defined in Code section 422. Nevertheless, to the extent that it exceeds the $100,000 rule of Code section 422(d),
this Option will be treated as a Nonstatutory/Non-Qualified Stock Option.

 

2.
Exercise of Option.

 

(a)
Right to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice
of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement.

 

(b)
Method of Exercise. This Option is exercisable by (i) delivery of an exercise notice in the form attached as Exhibit
A (the “Exercise Notice”) or in a manner and pursuant to procedures as the Board of Directors
may determine, which will state the election to exercise the Option, the number of Shares with respect to which the Option is
being exercised, and other representations and agreements as may be required by the Company and (ii) paying the Company in full
the aggregate Exercise Price as to all Shares being acquired, together with any applicable tax withholding.

 

    2017
Stock Option Agreement
Page 2 of 11 

     

    

 

This
Option will be deemed to be exercised upon receipt by the Company of a fully executed Exercise Notice accompanied by the aggregate
Exercise Price, together with any applicable tax withholding.

 

No
Shares will be issued pursuant to the exercise of an Option unless the issuance and exercise of Shares complies with applicable
state and federal laws (“Applicable Laws”). Assuming compliance, for income tax purposes the Shares
will be considered transferred to the Optionee on the date on which the Option is exercised with respect to the Shares.

 

3.
Method of Payment. The aggregate Exercise Price may be paid by any of the following, or a combination thereof, at the election
of the Optionee:

 

(a)
cash;

 

(b)
check;

 

(c)
to the extent not prohibited by Section 402 of the Sarbanes-Oxley Act of 2002, a promissory note;

 

(d)
other shares of Common Stock, provided Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise
price of the Shares as to which said Option will be exercised;

 

(e)
by asking the Company to withhold Shares from the total Shares to be delivered upon exercise equal to the number of Shares having
a value equal to the aggregate Exercise Price of the Shares being acquired;

 

(f)
any combination of the foregoing methods of payment; or

 

(g) such
other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws.

 

4. Restrictions
on Exercise. This Option may not be exercised if the issuance of such Shares upon such exercise or the method of payment of
consideration for such shares would constitute a violation of any Applicable Laws. The Company will be relieved of any liability
with respect to any delayed issuance of shares or its failure to issue shares if such delay or failure is necessary to comply
with Applicable Laws.

 

5.
Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of
descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this
Option Agreement are binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

 

    2017
Stock Option Agreement
Page 3 of 11 

     

    

 

6.
Term of Option. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may
be exercised during the term only in accordance with the Plan and the terms of this Option.

 

7.
Tax Obligations.

 

(a)
Withholding Taxes. Optionee agrees to arrange for the satisfaction of all Federal, state, local and foreign income and
employment tax withholding requirements applicable to the Option exercise. Optionee acknowledges and agrees that the Company may
refuse to honor the exercise and refuse to deliver the Shares if withholding amounts are not delivered at the time of exercise.

 

(b)
Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Optionee is an Incentive Stock Option (“ISO”),
and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the
date two (2) years after the Grant Date, or (ii) the date one (1) year after the date of exercise, the Optionee must immediately
notify the Company of the disposition in writing. Optionee agrees that Optionee may be subject to income tax withholding by the
Company on the compensation income recognized by the Optionee.

 

(c)
Code Section 409A. Under Code section 409A, an Option that was granted with a per Share exercise price that is determined
by the Internal Revenue Service (the “IRS”) to be less than the Fair Market Value of a Share on the
Grant Date (a “discount option”) may be considered deferred compensation. An Option that is a discount
option may result in (i) income recognition by the Optionee prior to the exercise of the Option, (ii) an additional twenty percent
(20%) tax, and (iii) potential penalty and interest charges. Optionee acknowledges that the Company cannot and has not guaranteed
that the IRS will agree that the per Share Exercise Price of this Option equals or exceeds Fair Market Value of a Share on the
Grant Date in a later examination. Optionee agrees that if the IRS determines that the Option was granted with a per Share exercise
price that was less than the Fair Market Value of a Share on the Grant Date, Optionee will be solely responsible for any and all
resulting tax consequences.

 

8.
No Guarantee of Continued Service. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING
SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE AND/OR DIRECTOR (AS APPLICABLE) AT THE WILL OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY EMPLOYING OR RETAINING OPTIONEE) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING
SHARES HEREUNDER. OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS OPTION AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER
AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE
AND/OR DIRECTOR (AS APPLICABLE) FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH OPTIONEE’S
RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING OPTIONEE) TO TERMINATE OPTIONEE’S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

 

    2017
Stock Option Agreement
Page 4 of 11 

     

    

 

9.
Notices. All notices or other communications which are required or permitted hereunder will be in writing and sufficient
if (i) personally delivered or sent by telecopy, (ii) sent by nationally-recognized overnight courier or (iii) sent by registered
or certified mail, postage prepaid, return receipt requested, addressed as follows:

 

(a)
if to the Optionee, to the address (or telecopy number) set forth on the Notice of Stock Option Grant; and

 

(b)
if to the Company, to its principal executive office as specified in any report filed by the Company with the Securities and Exchange
Commission or to such address as the Company may have specified to the Optionee in writing, Attention: Corporate Secretary;

 

or
to any other address as the party to whom notice is to be given may have furnished to the other party in writing in accordance
herewith. Any communication will be deemed to have been given (i) when delivered, if personally delivered, or when telecopied,
if telecopied, (ii) on the first Business Day (as hereinafter defined) after dispatch, if sent by nationally-recognized overnight
courier and (iii) on the fourth Business Day following the date on which the piece of mail containing the communication is posted,
if sent by mail. As used herein, “Business Day” means a day that is not a Saturday, Sunday or a day
on which banking institutions in the city to which the notice or communication is to be sent are not required to be open.

 

10.
Specific Performance. Optionee expressly agrees that the Company will be irreparably damaged if the provisions of this
Option Agreement and the Plan are not specifically enforced. Upon a breach or threatened breach of the terms, covenants and/or
conditions of this Option Agreement or the Plan by the Optionee, the Company will, in addition to all other remedies, be entitled
to a temporary or permanent injunction, without showing any actual damage, and/or decree for specific performance, in accordance
with the provisions hereof and thereof. The Board of Directors has the power to determine what constitutes a breach or threatened
breach of this Option Agreement or the Plan. The Board of Directors’ determinations will be final and conclusive and binding
upon the Optionee.

 

11.
No Waiver. No waiver of any breach or condition of this Option Agreement will be deemed to be a waiver of any other or
subsequent breach or condition, whether of like or different nature.

 

12.
Optionee Undertaking. The Optionee agrees to take whatever additional actions and execute whatever additional documents
the Company may in its reasonable judgment deem necessary or advisable in order to carry out or effect one or more of the obligations
or restrictions imposed on the Optionee pursuant to the express provisions of this Option Agreement.

 

    2017
Stock Option Agreement
Page 5 of 11 

     

    

 

13.
Modification of Rights. The rights of the Optionee are subject to modification and termination in certain events as provided
in this Option Agreement and the Plan.

 

14.
Governing Law. This Agreement is governed by, and construed in accordance with, the laws of the State of Nevada, without
giving effect to its conflict or choice of law principles that might otherwise refer construction or interpretation of this Agreement
to the substantive law of another jurisdiction.

 

16.
Counterparts; Facsimile Execution. This Option Agreement may be executed in one or more counterparts, each of which will
be deemed to be an original, but all of which together constitute one and the same instrument. Facsimile execution and delivery
of this Option Agreement is legal, valid and binding execution and delivery for all purposes.

 

17.
Entire Agreement. The Plan, this Option Agreement, and upon execution, the Exercise Notice, constitute the entire agreement
of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements
of the Company and Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s
interest except by means of a writing signed by the Company and Optionee.

 

18.
Severability. In the event one or more of the provisions of this Option Agreement should, for any reason, be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability will not affect any other provisions
of this Option Agreement, and this Option Agreement will be construed as if such invalid, illegal or unenforceable provision had
never been contained herein.

 

19.
WAIVER OF JURY TRIAL. THE OPTIONEE EXPRESSLY, IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION
OR PROCEEDING RELATING TO THIS OPTION AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

[Remainder
of page left intentionally blank.]

 

    2017
Stock Option Agreement
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Optionee
acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and
accepts this Option subject to all of the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions
of the Option. Optionee agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors
upon any questions arising under the Plan or this Option. Optionee further agrees to notify the Company upon any change in the
address indicated below.

 

	OPTIONEE 	 	 	MONAKER
    GROUP, INC.	 
	 	 	 	 	 
	 	 	 	 	 
	Signature	________________
	 	 	By:	 ________________
	 
	 	 	 	 	 
	Print Name:	________________
	 	 	Print Name:	 ________________
	 
	 	 	 	 	 
	Address:	________________

        ________________
	 	 	Address:	________________

        ________________

        ________________
	 
	 	 	 	 	 
	 Date Signed:
    	________________
	 	 	Date Signed:	________________
	 

 

    2017
Stock Option Agreement
Page 7 of 11 

     

    

 

EXHIBIT
A

2017
EQUITY INCENTIVE PLAN

 

EXERCISE
NOTICE

 

Monaker
Group, Inc.

2893
Executive Park Drive, Suite 201

Weston,
Florida 33331

 

Attention:
Monaker Group, Inc., Corporate Secretary

 

1.
       Exercise of Option. Effective as of today, _____________, _____, the undersigned
(“Optionee”) elects to exercise Optionee’s option to purchase ___________ shares of the Common
Stock (the “Shares”) of Monaker Group, Inc. (the “Company”) under and pursuant
to the Monaker Group, Inc. 2017 Equity Incentive Plan (the “Plan”) and the Stock Option Agreement dated
_______________ and effective _____________ (the “Option Agreement”).

 

2.
       Delivery of Payment. Optionee herewith delivers to the Company the full purchase
price of the Shares, as set forth in the Option Agreement, and any and all withholding taxes due in connection with the exercise
of the Option.

 

3.
       Representations of Optionee. Optionee acknowledges that Optionee has received,
read and understood the Plan and the Option Agreement and agrees to abide by and be bound by their terms and conditions.

 

4.
       Rights as Stockholder. Until the issuance of the Shares (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive
dividends or any other rights as a stockholder exists with respect to the Optioned Stock, notwithstanding the exercise of the
Option. Subject to the requirements of Section 6 below, the Shares will be issued to the Optionee as soon as
practicable after the Option is exercised in accordance with the Option Agreement. No adjustment will be made for a dividend or
other right for which the record date is prior to the date of issuance except as provided in the Plan.

 

5.
       Tax Consultation. Optionee understands that Optionee may suffer adverse tax consequences
as a result of Optionee’s purchase or disposition of the Shares. Optionee represents that Optionee has consulted with any
tax consultants Optionee deems advisable in connection with the purchase or disposition of the Shares and that Optionee is not
relying on the Company for any tax advice.

 

6.
       Refusal to Transfer. The Company will not (i) transfer on its books any Shares
that have been sold or otherwise transferred in violation of any of the provisions of this Exercise Notice, or (ii) be required
to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom
such Shares have been so transferred.

 

    2017
Stock Option Agreement
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7.
       Successors and Assigns. The Company may assign any of its rights under this Exercise
Notice to single or multiple assignees, and this Exercise Notice inures to the benefit of the successors and assigns of the Company.
Subject to the restrictions on transfer herein set forth, this Exercise Notice is binding upon Optionee and his or her heirs,
executors, administrators, successors and assigns.

 

8.
       Interpretation. Any dispute regarding the interpretation of this Exercise Notice
will be submitted by Optionee or by the Company forthwith to the Board of Directors for review at its next regular meeting. The
resolution of disputes by the Board of Directors will be final and binding on all parties.

 

9.
       Governing Law; Severability. This Exercise Notice is to be governed by, and construed
in accordance with, the laws of the State of Nevada, without giving effect to its conflict or choice of law principles that might
otherwise refer construction or interpretation of this Exercise to the substantive law of another jurisdiction. In the event that
any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Exercise
Notice will continue in full force and effect.

 

 10. 
      Optionee Representations.

 

(a)       With
respect to a transaction occurring prior to such date as the Plan and Common Stock thereunder are covered by a valid Form S-8
or similar U.S. federal registration statement, Optionee agrees that in no event shall Optionee make a disposition of any of the
Common Stock, unless and until: (i) Optionee shall have notified the Company of the proposed disposition and shall have furnished
the Company with a statement of the circumstances surrounding the proposed disposition; and (ii) Optionee shall have furnished
the Company with an opinion of counsel satisfactory to the Company to the effect that (A) such disposition will not require registration
or qualification of such Common Stock under applicable U.S. federal, state or foreign securities laws or (B) appropriate action
necessary for compliance with the U.S. federal, state or foreign securities laws has been taken; or (iii) the Company shall have
waived, expressly and in writing, its rights under clauses (i) and (ii) of this Subsection.

 

(b)       Optionee
understands that if a registration statement covering the Common Stock under the Securities Act is not in effect when Optionee
desires to sell the Common Stock, Optionee may be required to hold the Common Stock for an indeterminate period. Optionee also
acknowledges that Optionee understands that any sale of the Common Stock which might be made by Optionee in reliance upon Rule
144 under the Securities Act may be made only in limited amounts in accordance with the terms and conditions of that Rule.

 

    2017
Stock Option Agreement
Page 9 of 11 

     

    

 

11.       Other
Documents. Optionee hereby acknowledges receipt or the right to receive a document providing the information required by Rule
428(b)(1) promulgated under the Securities Act of 1933, as amended, including, but not limited to, the information required by
Part I of Form S-8, if applicable.

 

12.
       Notices. Any notice required or permitted hereunder will be provided in writing
and deemed effective if provided in the manner specified in the Option Agreement.

 

13.
       Further Instruments. The parties agree to execute any further instruments and
to take any further action as may be reasonably necessary to carry out the purposes and intent of the Option Agreement and this
Exercise Notice.

 

14.
       Entire Agreement. The Plan and Option Agreement are incorporated herein by reference.
This Exercise Notice, the Plan, and the Option Agreement constitute the entire agreement of the parties with respect to the subject
matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Optionee with respect to
the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed
by the Company and Optionee.

 

[Signature
page follows.]

 

 

    2017
Stock Option Agreement
Page 10 of 11 

     

    

 

	Submitted
    by:	 	 	Accepted
                    by:
	 
	 	 	 	 	 
	OPTIONEE	 	 	MONAKER
    GROUP, INC.	 
	 	 	 	 	 
	Signature________________
	 	 	 	By: ________________
	 	 
	 	 	 	 	 
	Print
        Name: _______________
	 	 	 	Print
        Name: ________________
	 	 
	 	 	 	 	 
	Address: ________________
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Date
        Received: ________________
	 	 

 

    2017
Stock Option Agreement
Page 11 of 11

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