Document:

FIRST AMENDMENT TO LEASE AGREEMENT

WITH MASSROOTS AT MARKET CENTER BUILDING

 

This First Amendment to Lease Agreement (this “First Amendment”)
is entered into by and between MARKET CENTER INVESTORS LLC, a Delaware limited liability company (“Landlord”), and
MASSROOTS, INC., a Delaware corporation (“Tenant”).

RECITALS

 

	A.		Landlord is the successor-in-interest to RVOF MARKET CENTER LLC, a Delaware
limited liability company (“Original Landlord”).

	B.		Original Landlord and Tenant entered into that certain Office Lease dated March 20, 2015
(the “Lease”) for premises known as Suite 201 consisting of approximately 3,552 square feet (the “Existing
Premises”) in a building located at 1320-1380 17th Street and 1624-1660 Market Street, Denver, CO 80202
(the “Building”).

	C.		Landlord is the present owner of the Building and landlord under the Lease.

	D.		The Term of the Lease presently expires on May 30, 2018.

	E.		Landlord and Tenant now desire to amend the Lease to: (i) add suite 203 on the
2nd floor of the Building consisting of approximately 1,508 square feet of Rentable Area, and as depicted on Exhibit A-1
(the “Expansion Space”), to the Existing Premises; (ii) adjust the Base Rent, Tenant’s
Percentage Share and Security Deposit under the Lease; (iii) provide for a tenant allowance for certain leasehold improvements;
(iv) extend the Term of the Lease; and (v) make such other and further modifications to the Lease as more particularly set
forth below.

 

AGREEMENT

 

	1.		Defined Terms. All capitalized terms used but not defined in this First Amendment
will have the meanings set forth for such terms in the Lease. All terms that are defined in this First Amendment and used
in any provisions that are added to the Lease pursuant to this First Amendment will have the meanings in the Lease set forth for
such terms in this First Amendment.

	2.		Effective Date. The term “Effective Date of this First Amendment”
as used herein means the date that Landlord executes this First Amendment as indicated on the signature page.

	3.		Term; Lease Expiration Date. The term of the Lease is currently set to expire
on May 30, 2018. Effective as of the Effective Date of this First Amendment, Section 1.1(b) is hereby amended so
that the “Term” is extended for an additional six (6) months, and the “Expiration Date”
is now 11:59P.M. on November 30, 2018.

	4.		Demise of the Expansion Space. Effective as of the date that Landlord delivers
the Expansion Space to Tenant (the “Expansion Space Commencement Date”), Landlord leases to Tenant and
Tenant leases from Landlord, the Expansion Space upon and subject to the all of the terms and provisions of the Lease, as amended
by this First Amendment. Landlord anticipates delivering the Expansion Space to Tenant on or before January 1, 2016.

	5.		Premises. Effective as of the Expansion Space Commencement Date, Section 1.1(c)
of the of the Lease shall be amended so that the term “Premises” will include both the Existing Premises and
the Expansion Space. Accordingly, Exhibit A-1 of the Lease shall then be replaced with Exhibit A-1
attached to this First Amendment.

	6.		Rentable Area of the Premises. Effective as of the Expansion Space Commencement
Date, Section 1.1(d) of the Lease shall be amended so that “Rentable Area of the Premises” will be
5,060 square feet.

	7.		Rent Commencement Date for the Expansion Space. Base Rent will be due and owing
from Tenant to Landlord on the Expansion Space commencing on June 1, 2016 (the “Expansion Space Rent Commencement
Date”), and Tenant shall then pay Base Rent on the Expansion Space (in addition to Base Rent on the Existing Premises)
in accordance with the chart set forth in Section 8 of this First Amendment.

	8.		Base Rent on the Expansion Space. Effective as of June 1, 2016, Section 1.1(h)
of the Lease is amended to add that Base Rent is payable on the Expansion Space (in addition to Base Rent on the Existing
Premises) as follows:

    

    	 

    

	Lease Period	 	Total Annual
 Base Rent*	 	Total Monthly Base Rent*	 	Annual
 Base Rent
 per RSF
	Expansion Space
 Commencement Date -
 May 30, 2016	 	$	0.00	 	 	$	0.00	 	 	$	0.00	 
	June 1, 2016 – 
 May 30, 2017	 	$	43,731.96	 	 	$	3,644.33	 	 	$	29.00	 
	June 1, 2017 – 
 May 30, 2018	 	$	45,240.00	 	 	$	3,770.00	 	 	$	30.00	 
	June 1, 2018 – 
 November 30, 2018	 	$	46,748.04	 	 	$	3,895.67	 	 	$	31.00	 

*Base Rent on the Expansion Space is calculated based on 1,508 rentable square feet of the Expansion Space.

Nothing in this Section 8 of this First Amendment will operate to relieve Tenant of its obligation to pay Base Rent on the
Existing Premises in accordance with Section 1.1(h) of the Lease, Additional Expenses, or other charges due under the Lease.

 

	9.		Building Share. Effective as of the Expansion Space Commencement Date, Section 1.1(i)
of the Lease shall be amended so that the “Building Share” shall be 4.27% [calculated at 5,060
/ 118,505 x 100 = 4.27%].

	10.		Security Deposit. Effective as of the Effective Date of this First Amendment,
Section 1.1(k) of the Lease shall be amended so that the “Security Deposit” shall be $36,796.33, an increase
of $3,644.33, such increase amount being equal to one-month’s initial Base Rent on the Expansion Space, payable upon
Tenant’s execution and delivery of this First Amendment to Landlord.

	11.		Landlord’s Address for Notices. Effective as of the Effective Date
of this First Amendment, Section 1.1(l) of the Lease is hereby amended so that:
	 	 	 
	 	 	“Landlord’s Notice Address”
means:
	 	 	Urban Renaissance Property Company
	 	 	1640 Market St.
	 	 	Denver, CO 80202
	 	 	 
	 	 	With copies to:
	 	 	 
	 	 	Market Center Investors, LLC
	 	 	c/o Urban Renaissance Property Company
	 	 	1425 Fourth Ave., Suite 500

	 	 	Seattle, WA 98101
	 	 	 
	 	 	or such other and further address(es) as Landlord may advise Tenant in writing from time to time.”

	12.		Landlord’s Rent Address. Effective as of the Effective Date of this
First Amendment, Section 1.1(m) of the Lease is hereby amended so that:
	 	 	 
	 	 	“Landlord’s Rent Address”
means:
	 	 	Market Center Investors LLC
	 	 	PO Box 84323
	 	 	Seattle, WA 98124-5623
	 	 	 
	 	 	or such other and further address(es)
as Landlord may advise Tenant in writing from time to time.”

    

    	 

    
	13.		Tenant’s Work. Tenant’s leasehold improvements and alterations
to the Expansion Space (“Tenant’s Work”) and to the Existing Premises (if any), shall be performed in
accordance with Section 8.1 of the Lease, and Tenant shall comply with the insurance requirements of Section 10 of the
Lease and, if requested by Landlord, name Landlord as additional insured to Tenant’s insurance policy(s). Tenant’s
Work shall be considered to be “substantial completed” upon the earlier to occur of: (i) completion of Tenant’s
Work in the Expansion Space other than punch-list items; (ii) Tenant obtaining a certificate of occupancy for the
Expansion Space; or (iii) Tenant conducting business in the Expansion Space.

	14.		Allowance. Landlord’s Allowance. “Landlord’s Allowance”
means up to $15,000 provided by Landlord to help offset the actual costs of Tenant’s Work (“Actual Costs”).
Landlord agrees to pay Tenant the Landlord’s Allowance to be applied to the cost of constructing and installing Tenant’s
Work. Landlord will pay the amount of Landlord’s Allowance to Tenant within thirty (30) days following the latest to
occur of: (i) Landlord’s receipt of written notice from Tenant’s contractor and Tenant’s architect (or
other evidence satisfactory to Landlord) that Tenant’s Work has been completed (including completion of any punch list items);
(ii) Landlord’s receipt of final and unconditional original lien waivers from Tenant’s contractor and all subcontractors,
suppliers, materialmen and other parties who performed labor at, or supplied materials to, the Premises in connection with Tenant’s
Work; (iii) Landlord’s receipt of a copy of a certificate of occupancy for the Premises issued by the appropriate governmental
authorities, and (iv) Tenant has commenced business in the Expansion Space for its permitted use. Landlord will have no obligation
to make any payments of Landlord’s Allowance at any time that a Default exists under the Lease. Landlord is not required
to pay Landlord’s Allowance beyond the amount of Actual Costs, and Tenant is required to pay any costs of Tenant’s
Work that exceeds Landlord’s Allowance.

	15.		No Other Work. Landlord and Tenant agree that no promises to alter, remodel
or improve the Premises (including the Expansion Space) or the Building, and no representations concerning the condition of the
Premises (including the Expansion Space), or the Building have been made by Landlord to Tenant other than as may be expressly
stated in this First Amendment.

	16.		No Further Right of First Offer. Tenant is herein exercising its one-time
right of first offer in connection with the Expansion Space. Therefore, effective as of the Effective Date of this First Amendment,
Section 28 of the Lease is hereby deleted and of no further force or effect, and Tenant shall have no further right of first offer
under the Lease, as amended by this First Amendment.

	17.		Brokers. Landlord and Tenant represent and warrant that no broker or agent
negotiated or was instrumental in negotiating or consummating this First Amendment except Allison Berry and Hilary Barnett
of CBRE (“Broker”), exclusively representing Landlord. Neither party knows of any other real estate
broker or agent who is or might be entitled to a commission or compensation in connection with this First Amendment. Landlord
will pay all fees, commissions or other compensation payable to Broker pursuant to a separate agreement(s). Tenant and Landlord
will indemnify and hold each other harmless from all damages paid or incurred by the other resulting from any claims asserted
against either party by brokers or agents claiming through the other party.

	18.		Ratification of Lease. The parties hereto agree that the Lease, as amended
by this First Amendment, shall continue to be effective and binding on the parties, and the parties hereby ratify and confirm
the Lease as being in full force and effect.

	19.		No Further Modification. The parties agree that the Lease in all other respects,
except as modified by this First Amendment, remains unchanged and unaffected by this First Amendment, and the provisions thereof
shall continue to be effective and binding on the parties.

	20.		Authority to Bind. Landlord and Tenant each represent and warrant that the
person executing this First Amendment is empowered and duly authorized to bind Landlord or Tenant, as the case may be, to this
First Amendment according to its terms.

	21.		Counterparts. This First Amendment may be executed in one or more counterparts,
each of which shall be deemed an original, including transmittals by facsimile and electronic mail, all of which together shall
constitute one and the same instrument.

 

[Signatures appear on next page]

    

    	 

    

IN WITNESS WHEREOF,
Landlord and Tenant each caused this First Amendment to be executed and delivered by its duly authorized representative to
be effective as of the Effective Date of this First Amendment.

 

	TENANT:	 	LANDLORD:
	MASSROOTS, INC., a Delaware corporation	 	MARKET CENTER INVESTORS LLC, a Delaware limited liability company
	 	 	 
	By:/s/ Stewart Fortier 	 	By: /s/ John Bliss
	Printed Name: Stewart Fortier	 	Printed Name: John Bliss
	Title :Chief Technical Officer	 	Title:
	 	 	 
	Dated: 12/11/15	 	Dated: 12/11/15

 

    

    	 

    

Exhibit A-1

Premises

 

[Attach depiction of the Premises comprised
of the

Existing Premises (Suite 201) and the Expansion Space (Suite 203)]MASSROOTS, INC.

 

2015 STOCK INCENTIVE PLAN

  

1.
Purpose

 

MassRoots, Inc.’s
2015 Stock Incentive Plan is intended to promote the best interests of MassRoots, Inc. and its stockholders by (i) assisting
the Corporation and its Affiliates in the recruitment and retention of persons with ability and initiative, (ii) providing
an incentive to such persons to contribute to the growth and success of the Corporation’s businesses by affording such persons
equity participation in the Corporation and (iii) associating the interests of such persons with those of the Corporation
and its Affiliates and stockholders.

 

2.
Definitions

 

As used in this Plan the
following definitions shall apply:

 

	A.		“Affiliate” means (i) any Subsidiary, (ii) any Parent,
(iii) any corporation, or trade or business (including, without limitation, a partnership, limited liability company or other
entity) which is directly or indirectly controlled fifty percent (50%) or more (whether by ownership of stock, assets or an equivalent
ownership interest or voting interest) by the Corporation or one of its Affiliates, and (iv) any other entity in which the
Corporation or any of its Affiliates has a material equity interest and which is designated as an “Affiliate” by resolution
of the Committee.

	B.		“Award” means any Option or Stock Award granted hereunder.

	C.		“Board” means the Board of Directors of the Corporation.

	D.		“Code” means the Internal Revenue Code of 1986, and any amendments
thereto.

	E.		“Committee” means the Board or any Committee of the Board to which
the Board has delegated any responsibility for the implementation, interpretation or administration of this Plan.

	F.		“Common Stock” means the common stock, $0.001 par value, of the
Corporation.

	G.		“Consultant” means (i) any person performing consulting or
advisory services for the Corporation or any Affiliate, or (ii) a director of an Affiliate.

	H.		“Corporation” means MassRoots, Inc., a Delaware corporation.

	I.		“Corporation Law” means the Delaware Revised Statutes, as the same
shall be amended from time to time.

	J.		“Date of Grant” means the date that the Committee approves an Option
grant; provided, that all terms of such grant, including the amount of shares subject to the grant, exercise price and vesting
are defined at such time.

	K.		“Deferral Period” means the period of time during which Deferred
Shares are subject to deferral limitations under Section 7.D of this Plan.

	L.		“Deferred Shares” means an award pursuant to Section 7.D of this
Plan of the right to receive shares of Common Stock at the end of a specified Deferral Period.

	M.		“Director” means a member of the Board.

	N.		“Eligible Person” means an employee of the Corporation or an Affiliate
(including a corporation that becomes an Affiliate after the adoption of this Plan), a Director or a Consultant to the Corporation
or an Affiliate (including a corporation that becomes an Affiliate after the adoption of this Plan).

	O.		“Exchange Act” means the Securities Exchange Act of 1934, as amended.

	P.		“Fair Market Value” means, on any given date, the current fair
market value of the shares of Common Stock as determined as follows:

 

    

    	 

    

	(i)		If the Common Stock is traded on a national securities exchange, the closing price
for the day of determination as quoted on such market or exchange, including the NASDAQ Global Market or NASDAQ Capital Market,
which is the primary market or exchange for trading of the Common Stock or if no trading occurs on such date, the last day on
which trading occurred, or such other appropriate date as determined by the Committee in its discretion, as reported in The
Wall Street Journal or such other source as the Committee deems reliable;

	(ii)		If the Common Stock is regularly quoted by a recognized securities dealer but selling
prices are not reported, its Fair Market Value shall be the mean between the high and the low asked prices for the Common Stock
for the day of determination; or

	(iii)		In the absence of an established market for the Common Stock, Fair Market Value shall
be determined by the Committee in good faith.

	Q.		“Family Member” means a parent, child, spouse or sibling.

	R.		“Incentive Stock Option” means an Option (or portion thereof) intended
to qualify for special tax treatment under Section 422 of the Code.

	S.		“Nonqualified Stock Option” means an Option (or portion thereof)
which is not intended or does not for any reason qualify as an Incentive Stock Option.

	T.		“Option” means any option to purchase shares of Common Stock granted
under this Plan.

	U.		“Parent” means any corporation (other than the Corporation) in
an unbroken chain of corporations ending with the Corporation if each of the corporations (other than the Corporation) owns stock
possessing at least fifty percent (50%) of the total combined voting power of all classes of stock in one of the other corporations
in such chain.

	V.		“Participant” means an Eligible Person who (i) is selected
by the Committee or an authorized officer of the Corporation to receive an Award and (ii) is party to an agreement setting
forth the terms of the Award, as appropriate.

	W.		“Performance Agreement” means an agreement described in Section 8
of this Plan.

	X.		“Performance Objectives” means the performance objectives established
by the Committee pursuant to this Plan for Participants who have received grants of Awards. Performance Objectives may be described
in terms of Corporation-wide objectives or objectives that are related to the performance of the individual Participant or the
Affiliate, division, department or function within the Corporation or Affiliate in which the Participant is employed or has responsibility.
Any Performance Objectives applicable to Awards to the extent that such an Award is intended to qualify as “Performance
Based Compensation” under Section 162(m) of the Code shall be limited to specified levels of or increases in the Corporation’s
or a business unit’s return on equity, earnings per share, total earnings, earnings growth, return on capital, return on
assets, economic value added, earnings before interest and taxes, earnings before interest, taxes, depreciation and amortization,
sales growth, gross margin return on investment, increase in the Fair Market Price of the shares, net operating profit, cash flow
(including, but not limited to, operating cash flow and free cash flow), cash flow return on investments (which equals net cash
flow divided by total capital), internal rate of return, increase in net present value or expense targets. The Awards intended
to qualify as “Performance Based Compensation” under Section 162(m) of the Code shall be pre-established in accordance
with applicable regulations under Section 162(m) of the Code and the determination of attainment of such goals shall be made by
the Committee. If the Committee determines that a change in the business, operations, corporate structure or capital structure
of the Corporation (including an event described in Section 9), or the manner in which it conducts its business, or other events
or circumstances render the Performance Objectives unsuitable, the Committee may modify such Performance Objectives or the related
minimum acceptable level of achievement, in whole or in part, as the Committee deems appropriate and equitable; provided, however,
that no such modification shall be made to an Award intended to qualify as “Performance Based Compensation” under
Section 162(m) of the Code unless the Committee determines that such modification will not result in loss of such qualification
or the Committee determines that loss of such qualification is in the best interests of the Corporation.

	Y.		“Performance Period” means a period of time established under Section
8 of this Plan within which the Performance Objectives relating to a Stock Award are to be achieved.

	Z.		“Performance Share” means an award pursuant to Section 8 of this
Plan of the right to receive shares of Common Stock upon the achievement of specified Performance Objectives.

    

    	 

    
	AA.		“Plan” means this MassRoots, Inc., 2015 Stock Incentive Plan.

	BB.		“Repricing” means, other than in connection with an event described
in Section 9 of this Plan, (i) lowering the exercise price of an Option after it has been granted or (ii) canceling
an Option at a time when the exercise price exceeds the then-Fair Market Value of the Common Stock in exchange for another Option.

	CC.		“Restricted Stock Award” means an award of Common Stock under Section 7.B.

	DD.		“Securities Act” means the Securities Act of 1933, as amended.

	EE.		“Stock Award” means a Stock Bonus Award, Restricted Stock Award,
Stock Appreciation Right, Deferred Shares, or Performance Shares.

	FF.		“Stock Bonus Award” means an award of Common Stock under Section
7.A.

	GG.		“Stock Award Agreement” means a written agreement between the Corporation
and a Participant setting forth the specific terms and conditions of a Stock Award granted to the Participant under Section 7.
Each Stock Award Agreement shall be subject to the terms and conditions of this Plan and shall include such terms and conditions
as the Committee shall authorize.

	HH.		“Stock Option Agreement” means an agreement (written or electronic)
between the Corporation and a Participant setting forth the specific terms and conditions of an Option granted to the Participant.
Each Stock Option Agreement shall be subject to the terms and conditions of this Plan and shall include such terms and conditions
as the Committee shall authorize.

	II.		“Subsidiary” means any corporation (other than the Corporation)
in an unbroken chain of corporations beginning with the Corporation if each of the corporations (other than the last corporation
in the unbroken chain) owns stock possessing at least fifty percent (50%) of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

	JJ.		“Ten Percent Owner” means any Eligible Person owning at the time
an Option is granted more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation
or of a Parent or Subsidiary. An individual shall, in accordance with Section 424(d) of the Code, be considered to own any voting
stock owned (directly or indirectly) by or for such Eligible Person’s brothers, sisters, spouse, ancestors and lineal descendants
and any voting stock owned (directly or indirectly) by or for a corporation, partnership, estate or trust shall be considered
as being owned proportionately by or for its stockholders, partners, or beneficiaries.

 

3.
implementation, interpretation and Administration

 

	A.		Delegation to Board Committee. The Board shall have the sole authority to implement,
interpret, and/or administer this Plan unless the Board delegates all or any portion of its authority to implement, interpret,
and/or administer this Plan to a Committee. To the extent not prohibited by the Certificate of Incorporation or Bylaws of the
Corporation, the Board may delegate all or a portion of its authority to implement, interpret, and/or administer this Plan to
a Committee of the Board appointed by the Board and constituted in compliance with the applicable Corporation Law. The Committee
shall consist solely of two (2) or more Directors who are (i) Non-Employee Directors (within the meaning of Rule 16b-3
under the Exchange Act) for purposes of exercising administrative authority with respect to Awards granted to Eligible Persons
who are subject to Section 16 of the Exchange Act; (ii) to the extent required by the rules of the market on which the
Corporation’s shares are traded or the exchange on which the Corporation’s shares are listed, “independent”
within the meaning of such rules; and (iii) at such times as an Award under this Plan by the Corporation is subject to Section
162(m) of the Code (to the extent relief from the limitation of Section 162(m) of the Code is sought with respect to Awards and
administration of the Awards by a committee of “outside directors” is required to receive such relief), “outside
directors” within the meaning of Section 162(m) of the Code.

	B.		Delegation to Officers. The Committee may delegate to one or more officers
of the Corporation the authority to grant and administer Awards to Eligible Persons who are not Directors or executive officers
of the Corporation; provided that the Committee shall have fixed the total number of shares of Common Stock that may be subject
to such Awards. No officer holding such a delegation is authorized to grant Awards to himself or herself. In addition to the Committee,
the officer or officers to whom the Committee has delegated the authority to grant and administer Awards shall have all powers
delegated to the Committee with respect to such Awards.

    

    	 

    
	C.		Powers of the Committee. Subject to the provisions of this Plan, and in the
case of a Committee appointed by the Board, the specific duties delegated to such Committee, the Committee (and the officers to
whom the Committee has delegated such authority) shall have the authority:

 

	(i)		To construe and interpret all provisions of this Plan and all Stock Option Agreements,
Stock Award Agreements, Performance Agreements, or any other agreement under this Plan.

	(ii)		To determine the Fair Market Value of Common Stock in the absence of an established
market for the Common Stock.

	(iii)		To select the Eligible Persons to whom Awards are granted from time to time hereunder.

	(iv)		To determine the number of shares of Common Stock covered by an Award; to determine
whether an Option shall be an Incentive Stock Option or Nonqualified Stock Option; and to determine such other terms and conditions,
not inconsistent with the terms of this Plan, of each such Award. Such terms and conditions include, but are not limited to, the
exercise price of an Option, purchase price of Common Stock subject to a Stock Award, the time or times when Options or a Stock
Award may be exercised or Common Stock issued thereunder, the vesting schedule of an Option, the right of the Corporation to repurchase
Common Stock issued pursuant to the exercise of an Option or a Stock Award and other restrictions or limitations (in addition
to those contained in this Plan) on the forfeitability or transferability of Options, Stock Awards or Common Stock issued upon
exercise of an Option or pursuant to a Stock Award. Such terms may include conditions which shall be determined by the Committee
and need not be uniform with respect to Participants.

	(v)		To accelerate the time at which any Option or Stock Award may be exercised, or the
time at which a Stock Award or Common Stock issued under this Plan may become transferable or non-forfeitable.

	(vi)		To determine whether and under what circumstances an Option or Stock Award may be
settled in cash, shares of Common Stock or other property under Section 6.H instead of in Common Stock.

	(vii)		To waive, amend, cancel, extend, renew, accept the surrender of, modify or accelerate
the vesting of or lapse of restrictions on all or any portion of an outstanding Award. Except as otherwise provided by this Plan,
Stock Option Agreement, Stock Award Agreement or Performance Agreement or as required to comply with applicable law, regulation
or rule, no amendment, cancellation or modification shall, without a Participant’s consent, adversely affect any rights
of the Participant; provided, however, that (x) an amendment or modification that may cause an Incentive Stock Option to
become a Nonqualified Stock Option shall not be treated as adversely affecting the rights of the Participant and (y) any
other amendment or modification of any Stock Option Agreement, Stock Award Agreement or Performance Agreement that does not, in
the opinion of the Committee, adversely affect any rights of any Participant, shall not require such Participant’s consent.
Notwithstanding the foregoing, the restrictions on the Repricing of Options, as set forth in this Plan, may not be waived.

	(viii)		To prescribe the form of Stock Option Agreements, Stock Award Agreements, Performance
Agreements, or any other agreements under this Plan; to adopt policies and procedures for the exercise of Options or Stock Awards,
including the satisfaction of withholding obligations; to adopt, amend, and rescind policies and procedures pertaining to the
administration of this Plan; and to make all other determinations necessary or advisable for the administration of this Plan.
Except for the due execution of the award agreement by both the Corporation and the Participant, the Award’s effectiveness
will not be dependent on any signature unless specifically so provided in the award agreement.

 

The express grant in this Plan of any specific
power to the Committee shall not be construed as limiting any power or authority of the Committee; provided that the Committee
may not exercise any right or power reserved to the Board. Any decision made, or action taken, by the Committee or in connection
with the implementation, interpretation, and administration of this Plan shall be final, conclusive and binding on all persons
having an interest in this Plan.

 

    

    	 

    

4.
Eligibility

 

	A.		Eligibility for Awards. Awards, other than Incentive Stock Options, may be
granted to any Eligible Person selected by the Committee. Incentive Stock Options may be granted only to employees of the Corporation
or a Parent or Subsidiary.

	B.		Eligibility of Consultants. A Consultant shall be an Eligible Person only if
the offer or sale of the Corporation’s securities would be eligible for registration on Form S-8 Registration Statement
(or any successor form) because of the identity and nature of the service provided by such person, unless the Corporation determines
that an offer or sale of the Corporation’s securities to such person will satisfy another exemption from the registration
under the Securities Act and complies with the securities laws of all other jurisdictions applicable to such offer or sale. Accordingly,
an Award may not be granted pursuant to this Plan for the purpose of the Corporation obtaining financing or for investor relations
purposes

	C.		Substitution Awards. The Committee may make Awards under this Plan by assumption,
in substitution or replacement of performance shares, phantom shares, stock awards, stock options or similar awards granted by
another entity (including an Affiliate) in connection with a merger, consolidation, acquisition of property or stock or similar
transaction. Notwithstanding any provision of this Plan (other than the maximum number of shares of Common Stock that may be issued
under this Plan), the terms of such assumed, substituted, or replaced Awards shall be as the Committee, in its discretion, determines
is appropriate.

 

5.
Common Stock Subject to Plan

 

	A.		Share Reserve and Limitations on Grants. The maximum aggregate number of shares
of Common Stock that may be (i) issued under this Plan pursuant to the exercise of Options (without regard to whether payment
on exercise of the Stock Option is made in cash or shares of Common Stock), (ii) issued pursuant to Stock Awards shall be 4,500,000
shares. The number of shares of Common Stock subject to the Plan shall be subject to adjustment as provided in Section 9.
Notwithstanding any provision hereto to the contrary, shares subject to the Plan shall include shares forfeited in a prior year
as provided herein. For purposes of determining the number of shares of Common Stock available under this Plan, shares of Common
Stock withheld by the Corporation to satisfy applicable tax withholding obligations pursuant to Section 10 of this Plan shall
be deemed issued under this Plan. No single participant may receive more than 25% of the total Options awarded in any single year.

	B.		Reversion of Shares. If an Option or Stock Award is terminated, expires or
becomes unexercisable, in whole or in part, for any reason, the unissued or unpurchased shares of Common Stock which were subject
thereto shall become available for future grant under this Plan. Shares of Common Stock that have been actually issued under this
Plan shall not be returned to the share reserve for future grants under this Plan; except that shares of Common Stock issued pursuant
to a Stock Award which are forfeited to the Corporation or repurchased by the Corporation at the original purchase price of such
shares, shall be returned to the share reserve for future grant under this Plan.

	C.		Source of Shares. Common Stock issued under this Plan may be shares of authorized
and unissued Common Stock or shares of previously issued Common Stock that have been reacquired by the Corporation.

 

6.
Options

 

	A.		Award. In accordance with the provisions of Section 4, the Committee will
designate each Eligible Person to whom an Option is to be granted and will specify the number of shares of Common Stock covered
by such Option. The Stock Option Agreement shall specify whether the Option is an Incentive Stock Option or Nonqualified Stock
Option, the exercise price of such Option, the vesting schedule applicable to such Option, the expiration date of such Option,
events of termination of such Option, and any other terms of such Option. No Option that is intended to be an Incentive Stock
Option shall be invalid for failure to qualify as an Incentive Stock Option.

	B.		Option Price. The exercise price per share for Common Stock subject to an Option
shall be determined by the Committee, but shall comply with the following:

 

    

    	 

    
	(i)		The exercise price per share for Common Stock subject to an Option shall not be less
than one hundred percent (100%) of the Fair Market Value on the date of grant.

	(ii)		The exercise price per share for Common Stock subject to an Incentive Stock Option
granted to a Participant who is deemed to be a Ten Percent Owner on the date such option is granted, shall not be less than one
hundred ten percent (110%) of the Fair Market Value on the date of grant.

 

	C.		Maximum Option Period. The maximum period during which an Option may be exercised
shall be ten (10) years from the date such Option was granted. In the case of an Incentive Stock Option that is granted to
a Participant who is or is deemed to be a Ten Percent Owner on the date of grant, such Option shall not be exercisable after the
expiration of five (5) years from the date of grant.

	D.		Maximum Value of Options which are Incentive Stock Options. To the extent that
the aggregate Fair Market Value of the Common Stock with respect to which Incentive Stock Options granted to any Participant are
exercisable for the first time during any calendar year (under all stock option plans of the Corporation or any Parent or Subsidiary)
exceeds $100,000 (or such other amount provided in Section 422 of the Code), the Options shall not be deemed to be Incentive
Stock Options. For purposes of this section, the Fair Market Value of the Common Stock will be determined as of the time the Incentive
Stock Option with respect to the Common Stock is granted. This section will be applied by taking Incentive Stock Options into
account in the order in which they are granted.

	E.		Nontransferability. Options granted under this Plan which are intended to be
Incentive Stock Options shall be nontransferable except by will or by the laws of descent and distribution and, during the lifetime
of the Participant, shall be exercisable by only the Participant to whom the Incentive Stock Option is granted. Except to the
extent transferability of a Nonqualified Stock Option is provided for in the Stock Option Agreement or is approved by the Committee,
during the lifetime of the Participant to whom the Nonqualified Stock Option is granted, such Option may be exercised only by
the Participant. If the Stock Option Agreement so provides or the Committee so approves, a Nonqualified Stock Option may be transferred
by a Participant through a gift or domestic relations order to the Participant’s family members to the extent such transfer
complies with applicable securities laws and regulations and provided that such transfer is not a transfer for value (within the
meaning of applicable securities laws and regulations). The holder of a Nonqualified Stock Option transferred pursuant to this
section shall be bound by the same terms and conditions that governed the Option during the period that it was held by the Participant.
No right or interest of a Participant in any Option shall be liable for, or subject to, any lien, obligation, or liability of
such Participant, unless such obligation is to the Corporation itself or to an Affiliate.

	F.		Vesting. Options will vest as provided in the Stock Option Agreement.

	G.		Termination. Options will terminate as provided in the Stock Option Agreement.

	H.		Exercise. Subject to the provisions of this Plan and the applicable Stock Option
Agreement, an Option may be exercised to the extent vested in whole at any time or in part from time to time at such times and
in compliance with such requirements as the Committee shall determine. A partial exercise of an Option shall not affect the right
to exercise the Option from time to time in accordance with this Plan and the applicable Stock Option Agreement with respect to
the remaining shares subject to the Option. An Option may not be exercised with respect to fractional shares of Common Stock.
The Participant may face certain restrictions on his/her ability to exercise Options and/or sell underlying shares when such Participant
is potentially in possession of insider information. The Corporation will make the Participant aware of any formal insider trading
policy it adopts, and the provisions of such insider trading policy (including any amendments thereto) shall be binding upon the
Participant.

    

    	 

    
	I.		Payment. Unless otherwise provided by the Stock Option Agreement, payment of
the exercise price for an Option shall be made in cash or a cash equivalent acceptable to the Committee or if the Common Stock
is traded on an established securities market, by payment of the exercise price by a broker-dealer or by the Option holder with
cash advanced by the broker-dealer if the exercise notice is accompanied by the Option holder’s written irrevocable instructions
to deliver the Common Stock acquired upon exercise of the Option to the broker-dealer or by delivery of the Common Stock to the
broker-dealer with an irrevocable commitment by the broker-dealer to forward the exercise price to the Corporation. With the consent
of the Committee, payment of all or a part of the exercise price of an Option may also be made (i) by surrender to the Corporation
(or delivery to the Corporation of a properly executed form of attestation of ownership) of shares of Common Stock that have been
held for such period prior to the date of exercise as is necessary to avoid adverse accounting treatment to the Corporation, or
(ii) any other method acceptable to the Committee. If Common Stock is used to pay all or part of the exercise price, the
sum of the cash or cash equivalent and the Fair Market Value (determined as of the date of exercise) of the shares surrendered
must not be less than the Option price of the shares for which the Option is being exercised.

	J.		Stockholder Rights. No Participant shall have any rights as a stockholder with
respect to shares subject to an Option until the date of exercise of such Option and the certificate for shares of Common Stock
to be received on exercise of such Option has been issued by the Corporation.

	K.		Disposition and Stock Certificate Legends for Incentive Stock Option Shares.
A Participant shall notify the Corporation of any sale or other disposition of Common Stock acquired pursuant to an Incentive
Stock Option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within

one year of the issuance of the Common Stock
to the Participant. Such notice shall be in writing and directed to the Chief Financial Officer of the Corporation or is his/her
absence, the Chief Executive Officer. The Corporation may require that certificates evidencing shares of Common Stock purchased
upon the exercise of Incentive Stock Options issued under this Plan be endorsed with a legend in substantially the following form:

 

THE SHARES EVIDENCED BY THIS CERTIFICATE
MAY NOT BE SOLD OR TRANSFERRED PRIOR TO ___, 20___, IN THE ABSENCE OF A WRITTEN STATEMENT FROM THE CORPORATION TO THE EFFECT THAT
THE CORPORATION IS AWARE OF THE FACTS OF SUCH SALE OR TRANSFER.

 

The
blank contained in this legend shall be filled in with the date that is the later of (i) one year and one day after the date of
the exercise of such Incentive Stock Option or (ii) two years and one day after the grant of such Incentive Stock Option.

 

	L.		No Repricing. In no event shall the Committee permit a Repricing of any Option
without the approval of the stockholders of the Corporation.

 

7. Stock Awards

 

	A.		Stock Bonus Awards. Stock Bonus Awards may be granted by the Committee. Each
Stock Award Agreement for a Stock Bonus Award shall be in such form and shall contain such terms and conditions (including provisions
relating to consideration, vesting, reacquisition of shares following termination, and transferability of shares) as the Committee
shall deem appropriate. The terms and conditions of Stock Award Agreements for Stock Bonus Awards may change from time to time
and need not be uniform with respect to Participants, and the terms and conditions of separate Stock Bonus Awards need not be
identical.

	B.		Restricted Stock Awards. Restricted Stock Awards may be granted by the Committee.
Each Stock Award Agreement for a Restricted Stock Award shall be in such form and shall contain such terms and conditions (including
provisions relating to purchase price, consideration, vesting, reacquisition of shares following termination, and transferability
of shares) as the Committee shall deem appropriate. The terms and conditions of the Stock Award Agreements for Restricted Stock
Awards may change from time to time and need not be uniform with respect to Participants, and the terms and conditions of separate
Restricted Stock Awards need not be identical. Vesting of any grant of Restricted Stock Awards may be further conditioned upon
the attainment of Performance Objectives established by the Committee in accordance with the applicable provisions of Section
8 of this Plan regarding Performance Shares.

    

    	 

    
	C.		Deferred Shares. The Committee may authorize grants of Deferred Shares to Participants
upon the recommendation of the Corporation’s management, and upon such terms and conditions as the Committee may determine
in accordance with the following provisions:

 

	(i)		Each grant shall constitute the agreement by the Corporation to issue or transfer
shares of Common Stock to the Participant in the future in consideration of the performance of services, subject to the fulfillment
during the Deferral Period of such conditions as the Committee may specify.

	(ii)		Each grant may be made without additional consideration from the Participant or in
consideration of a payment by the Participant that is less than the Fair Market Value on the date of grant.

	(iii)		Each grant shall provide that the Deferred Shares covered thereby shall be subject
to a Deferral Period, which shall be fixed by the Committee on the date of grant, and any grant or sale may provide for the earlier
termination of such period in the event of a change in control of the Corporation or other similar transaction or event.

	(iv)		During the Deferral Period, the Participant shall not have any right to transfer any
rights under the subject Award, shall not have any rights of ownership in the Deferred Shares and shall not have any right to
vote such shares, but the Committee may on or after the date of grant, authorize the payment of dividend or other distribution
equivalents on such shares in cash or additional shares on a current, deferred or contingent basis.

	(v)		Any grant, or the vesting thereof, may be further conditioned upon the attainment
of Performance Objectives established by the Committee in accordance with the applicable provisions of Section 8 of this Plan
regarding Performance Shares.

	(vi)		Each grant shall be evidenced by an agreement delivered to and accepted by the Participant
and containing such terms and provisions as the Committee may determine consistent with this Plan. The terms and conditions of
the agreements for Deferred Shares may change from time to time and need not be uniform with respect to Participants, and the
terms and conditions of separate Deferred Shares need not be identical.

 

8.
Performance Shares 

 

	A.		The Committee may authorize grants of Performance Shares, which shall become payable
to the Participant upon the achievement of specified Performance Objectives, upon such terms and conditions as the Committee may
determine in accordance with the following provisions:

 

	(i)		Each grant shall specify the number of Performance Shares to which it pertains, which
may be subject to adjustment to reflect changes in compensation or other factors.

	(ii)		The Performance Period with respect to each Performance Share shall commence on the
date established by the Committee and may be subject to earlier termination in the event of a change in control of the Corporation
or similar transaction or event.

	(iii)		Each grant shall specify the Performance Objectives that are to be achieved by the
Participant.

	(iv)		Each grant may specify in respect of the specified Performance Objectives a minimum
acceptable level of achievement below which no payment will be made and may set forth a formula for determining the amount of
any payment to be made if performance is at or above such minimum acceptable level but falls short of the maximum achievement
of the specified Performance Objectives.

	(v)		Each grant shall specify the time and manner of payment of Performance Shares that
shall have been earned, and any grant may specify that any such amount may be paid by the Corporation in cash, shares of Common
Stock or any combination thereof and may either grant to the Participant or reserve to the Committee the right to elect among
those alternatives.

	(vi)		Any grant of Performance Shares may specify that the amount payable with respect thereto
may not exceed a maximum specified by the Committee on the date of grant.

	(vii)		Any grant of Performance Shares may provide for the payment to the Participant of
dividend or other distribution equivalents thereon in cash or additional shares of Common Stock on a current, deferred or contingent
basis.

    

    	 

    
	(viii)		If provided in the terms of the grant and subject to the requirements of Section 162(m)
of the Code (in the case of awards intended to qualify for exception therefrom), the Committee may adjust Performance Objectives
and the related minimum acceptable level of achievement if, in the sole judgment of the Committee, events or transactions have
occurred after the date of grant that are unrelated to the performance of the Participant and result ind istortion of the Performance
Objectives or the related minimum acceptable level of achievement.

	(ix)		Each grant shall be evidenced by an agreement that shall be delivered to and accepted
by the Participant, which shall state that the Performance Shares are subject to all of the terms and conditions of this Plan
and such other terms and provisions as the Committee may determine consistent with this Plan. The terms and conditions of the
agreements for Performance Shares may change from time to time and need not be uniform with respect to Participants, and the terms
and conditions of separate Performance Shares need not be identical.

	(x)		Until the achievement of the Performance Objectives and the resulting issuance of
the Performance Shares, the Participant shall not have any rights as a stockholder in the Performance Shares and shall not have
any right to vote such shares, but the Committee may on or after the date of grant, authorize the payment of dividend or other
distribution equivalents on such shares in cash or additional shares on a current, deferred or contingent basis.

 

9.
Changes in Capital Structure

 

	A.		No Limitations of Rights. The existence of outstanding Awards shall not affect
in any way the right or power of the Corporation or its stockholders to make or authorize any or all adjustments, recapitalizations,
reorganizations or other changes in the Corporation’s capital structure or its business, or any merger or consolidation
of the Corporation, or any issuance of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common
Stock or the rights thereof, or the dissolution or liquidation of the Corporation, 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.

	B.		Changes in Capitalization. If the Corporation shall effect a subdivision or
consolidation of shares or other capital readjustment, the payment of a stock dividend, or other increase or reduction of the
number of shares of the Common Stock outstanding, without receiving consideration therefore in money, services or property, then
(i) the number, class, and per share price of shares of Common Stock subject to outstanding Options and other Awards hereunder
and (ii) the number of and class of shares then reserved for issuance under this Plan and the maximum number of shares for which
Awards may be granted to a Participant during a specified time period shall be appropriately and proportionately adjusted. The
conversion of convertible securities of the Corporation shall not be treated as effected “without receiving consideration.”
The Committee shall make such adjustments, and its determinations shall be final, binding and conclusive.

	C.		Merger, Consolidation or Asset Sale. If the Corporation is merged or consolidated
with another entity or sells or otherwise disposes of substantially all of its assets to another company while Options or Stock
Awards remain outstanding under this Plan, unless provisions are made in connection with such transaction for the continuance
of this Plan and/or the assumption or substitution of such Options or Stock Awards with new options or stock awards covering the
stock of the successor company, or parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares
and prices, then all outstanding Options and Stock Awards which have not been continued, assumed or for which a substituted award
has not been granted shall, whether or not vested or then exercisable, unless otherwise specified in the Stock Option Agreement
or Stock Award Agreement, terminate immediately as of the effective date of any such merger, consolidation or sale.

	D.		Limitation on Adjustment. Except as previously expressly provided, neither
the issuance by the Corporation of shares of stock of any class, or securities convertible into shares of stock of any class,
for cash or property, or for labor or services either upon direct sale or upon the exercise of rights or warrants to subscribe
therefor, or upon conversion of shares or obligations of the Corporation convertible into such shares or other securities, nor
the increase or decrease of the number of authorized shares of stock, nor the addition or deletion of classes of stock, shall
affect, and no adjustment by reason thereof shall be made with respect to, the number, class or price of shares of Common Stock
then subject to outstanding Options or Stock Awards.

 

    

    	 

    

10.
Withholding of Taxes

 

The Corporation or
an Affiliate shall have the right, before any certificate for any Common Stock is delivered, to deduct or withhold from any payment
owed to a Participant any amount that is necessary in order to satisfy any withholding requirement that the Corporation or Affiliate
in good faith believes is imposed upon it in connection with U.S federal, state, or local taxes, including transfer taxes, as
a result of the issuance of, or lapse of restrictions on, such Common Stock, or otherwise require such Participant to make provision
for payment of any such withholding amount. Subject to such conditions as may be established by the Committee, the Committee may
permit a Participant to (i) have Common Stock otherwise issuable under an Option or Stock Award withheld to the extent necessary
to comply with minimum statutory withholding rate requirements; (ii) tender back to the Corporation shares of Common Stock
received pursuant to an Option or Stock Award to the extent necessary to comply with minimum statutory withholding rate requirements
for supplemental income; (iii) deliver to the Corporation previously acquired Common Stock; (iv) have funds withheld
from payments of wages, salary or other cash compensation due the Participant; (v) pay the Corporation or its Affiliate in
cash, in order to satisfy part or all of the obligations for any taxes required to be withheld or otherwise deducted and paid
by the Corporation or its Affiliate with respect to the Option of Stock Award; or (vi) establish a 10b5-1 trading plan for withheld
stock designed to facilitate the sale of stock in connection with the vesting of such shares, the proceeds of which shall be utilized
to make all applicable withholding payments in a manner to be coordinated by the Corporation’s Chief Financial Officer.

 

11.
Compliance with Law and Approval of Regulatory Bodies

 

	A.		General Requirements. No Option or Stock Award shall be exercisable, no Common
Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this
Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding
tax requirements), any listing agreement to which the Corporation is a party, and the rules of all domestic stock exchanges or
quotation systems on which the Corporation’s shares may be listed. The Corporation shall have the right to rely on an opinion
of its counsel as to such compliance. In the absence of an effective and current registration statement on an appropriate form
under the Securities Act, or a specific exemption from the registration requirements of the Securities Act, shares of Common Stock
issued under this Plan shall be restricted shares. Any share certificate issued to evidence Common Stock when a Stock Award is
granted or for which an Option is exercised may bear such restrictive legends and statements as the Committee may deem advisable
to assure compliance with federal and state laws and regulations. No Option or Stock Award shall be exercisable, no Stock Award
shall be granted, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made
under this Plan until the Corporation has obtained such consent or approval as the Committee may deem advisable from regulatory
bodies having jurisdiction over such matters.

	B.		Participant Representations. The Committee may require that a Participant,
as a condition to receipt or exercise of a particular award, execute and deliver to the Corporation a written statement, in form
satisfactory to the Committee, in which the Participant represents and warrants that the shares are being acquired for such person’s
own account, for investment only and not with a view to the resale or distribution thereof. The Participant shall, at the request
of the Committee, be required to represent and warrant in writing that any subsequent resale or distribution of shares of Common
Stock by the Participant shall be made only pursuant to either (i) a registration statement on an appropriate form under the Securities
Act of 1933, which registration statement has become effective and is current with regard to the shares being sold, or (ii) a
specific exemption from the registration requirements of the Securities Act of 1933, but in claiming such exemption the Participant
shall, prior to any offer of sale or sale of such shares, obtain a prior favorable written opinion of counsel, in form and substance
satisfactory to counsel for the Corporation, as to the application of such exemption thereto.

 

    

    	 

    

12.
General Provisions

 

	A.		Effect on Employment and Service. Neither the adoption of this Plan, its operation,
nor any documents describing or referring to this Plan (or any part thereof) shall (i) confer upon any individual any right to
continue in the employ or service of the Corporation or an Affiliate, (ii) in any way affect any right and power of the Corporation
or an Affiliate to change an individual’s duties or terminate the employment or service of any individual at any time with
or without assigning a reason therefor or (iii) except to the extent the Committee grants an Option or Stock Award to such
individual, confer on any individual the right to participate in the benefits of this Plan.

	B.		Use of Proceeds. The proceeds received by the Corporation from any sale of
Common Stock pursuant to this Plan shall be used for general corporate purposes.

	C.		Unfunded Plan. This Plan, insofar as it provides for grants, shall be unfunded,
and the Corporation shall not be required to segregate any assets that may at any time be represented by grants under this Plan.
Any liability of the Corporation to any Participant with respect to any grant under this Plan shall be based solely upon any contractual
obligations that may be created pursuant to this Plan. No such obligation of the Corporation shall be deemed to be secured by
any pledge of, or other encumbrance on, any property of the Corporation.

	D.		Rules of Construction. Headings are given to the Sections of this Plan solely
as a convenience to facilitate reference. The reference to any statute, regulation, or other provision of law shall be construed
to refer to any amendment to or successor of such provision of law.

	E.		Choice of Law. This Plan and all Stock Option Agreements, Stock Award Agreements,
and Performance Agreements (or any other agreements) entered into under this Plan shall be interpreted under the Corporation Law
excluding (to the greatest extent permissible by law) any rule of law that would cause the application of the laws of any jurisdiction
other than the Corporation Law.

	F.		Fractional Shares. The Corporation shall not be required to issue fractional
shares pursuant to this Plan. The Committee may provide for elimination of fractional shares or the settlement of such fractional
shares in cash.

	G.		Foreign Employees. In order to facilitate the making of any grant or combination
of grants under this Plan, the Committee may provide for such special terms for Awards to Participants who are foreign nationals,
or who are employed by the Corporation or any Affiliate outside of the United States, as the Committee may consider necessary
or appropriate to accommodate differences in local law, tax policy or custom. Moreover, the Committee may approve such supplements
to, or amendments, restatements or alternative versions of, this Plan as it may consider necessary or appropriate for such purposes
without thereby affecting the terms of this Plan, as then in effect, unless this Plan could have been amended to eliminate such
inconsistency without further approval by the stockholders of the Corporation.

 

13.
Amendment and Termination

 

The Board may amend or
terminate this Plan from time to time; provided, however, stockholder approval shall be required for any amendment that
(i) increases the aggregate number of shares of Common Stock that may be issued under this Plan, except as contemplated
herein; (ii) changes the class of employees eligible to receive Incentive Stock Options; (iii) modifies the restrictions
on Repricings set forth in this Plan; or (iv) is required by the terms of any applicable law, regulation or rule,
including the rules of any market on which the Corporation shares are traded or exchange on which the Corporation shares are
listed. Except as specifically permitted by this Plan, any Stock Option Agreement or any Stock Award Agreement or as required
to comply with applicable law, regulation or rule, no amendment shall, without a Participant’s consent, adversely
affect any rights of such Participant under any Option or Stock Award outstanding at the time such amendment is made;
provided, however, that an amendment that may cause an Incentive Stock Option to become a Nonqualified Stock Option shall not
be treated as adversely affecting the rights of the Participant. Any amendment requiring stockholder approval shall be
approved by the stockholders of the Corporation within twelve (12) months of the date such amendment is adopted by the
Board.

 

    

    	 

    

14.
Effective Date of Plan; Duration of Plan

 

	A.		This Plan shall be effective upon adoption by the Board, subject to approval within
twelve (12) months by the stockholders of the Corporation. Unless and until the Plan has been approved by the stockholders
of the Corporation, no Option or Stock Award may be exercised, no shares of Common Stock may be issued under this Plan. In the
event that the stockholders of the Corporation shall not approve the Plan within such twelve (12) month period, the Plan
and any previously granted Options or Stock Awards shall terminate.

	B.		Unless previously terminated, this Plan will terminate ten (10) years after the
earlier of (i) the date this Plan is adopted by the Board, or (ii) the date this Plan is approved by the stockholders,
except that Awards that are granted under this Plan prior to its termination will continue to be administered under the terms
of this Plan until the Awards terminate, expire or are exercised.

 

IN WITNESS WHEREOF,
the Corporation has caused this Plan to be executed by a duly authorized officer as of the date of adoption of this Plan by the
Board of Directors.

 

MASSROOTS, INC.

 

By:/s/ Isaac Dietrich

Isaac Dietrich

Chief Executive Office

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